WEBSITE BSE:521246 NSE: PARAS PETRO Inc. Year: 1991 Industry: Textile - Manmade Fibres My Bucket: Add Stock
Last updated: 15:51
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1. Business Overview
Paras Petrofils Ltd. operates in the Textile - Manmade Fibres sector in India. The company is primarily involved in the manufacturing and sale of various types of synthetic fibers and yarns, which serve as essential raw materials for the broader textile industry. Its core business model revolves around converting petrochemical-derived raw materials into finished manmade fibers, such as polyester yarns (e.g., Partially Oriented Yarn - POY, Fully Drawn Yarn - FDY) or staple fibers. The company generates revenue by supplying these fibers and yarns to textile manufacturers, weavers, knitters, and possibly direct garment producers, catering to both domestic and export markets.
2. Key Segments / Revenue Mix
Given the industry classification, Paras Petrofils' primary business segment is the production of manmade fibers and yarns. Without specific financial disclosures, a detailed breakdown of revenue mix by specific fiber types (e.g., polyester, nylon, viscose) or product forms (e.g., POY, FDY, PSF) is not available. However, its operations are fundamentally concentrated within the manmade fiber value chain.
3. Industry & Positioning
The Indian manmade fiber industry is a significant component of the country's textile sector, characterized by capital-intensive operations, reliance on petrochemical derivatives, and a competitive landscape. The industry sees participation from large integrated players as well as smaller specialized units. Paras Petrofils operates within this competitive environment, where positioning is typically determined by factors such as production scale, cost efficiency, product quality, technological capabilities, and an established distribution network. Its specific market share or ranking against larger, more diversified players would require deeper analysis of financial and operational data.
4. Competitive Advantage (Moat)
Without specific details, identifying a strong, durable competitive advantage for Paras Petrofils is challenging. In the manmade fiber industry, potential moats often derive from:
Scale and Cost Efficiency: Large production volumes can lead to economies of scale and lower per-unit costs.
Technological Prowess: Ability to produce specialized, high-performance fibers or efficient manufacturing processes.
Established Customer Relationships: Long-standing relationships and supply chain integration with major textile manufacturers.
Backward Integration: Control over raw material sourcing.
However, for a company in a largely commodity-driven segment, these advantages are often incremental, and competition tends to be intense on pricing and quality. A robust, wide moat is not evident from the provided information.
5. Growth Drivers
Key factors that could drive growth for Paras Petrofils over the next 3-5 years include:
Growing Domestic Demand: Rising disposable incomes and changing fashion trends in India boost demand for textiles, including those made from MMF.
Shift Towards Manmade Fibres: Increased preference for MMF over natural fibers due to properties like durability, versatility, and cost-effectiveness.
Growth in Technical Textiles: Expansion of applications for MMF in automotive, medical, industrial, and protective wear segments.
Government Support: Initiatives like the Production Linked Incentive (PLI) scheme for textiles can encourage investment and production.
Export Opportunities: Leveraging India's position in global textile trade.
6. Risks
Raw Material Price Volatility: Key inputs like PTA and MEG are derivatives of crude oil, making profit margins susceptible to fluctuations in global oil prices.
Intense Competition: From domestic and international players, leading to pricing pressures and potential margin erosion.
Demand Cyclicality: Performance is closely tied to the broader textile and fashion industry, which can be cyclical.
Exchange Rate Fluctuations: Affects the cost of imported raw materials and competitiveness of exports.
Environmental Regulations: Increasing scrutiny on manufacturing processes could lead to higher compliance costs.
Technological Obsolescence: Need for continuous investment in R&D and upgrades to remain competitive.
7. Management & Ownership
As is common for many Indian companies, Paras Petrofils Ltd. is likely promoter-driven, with a significant stake held by the founding family or group. Specific details about the promoters, key management personnel, their experience, or the precise ownership structure (e.g., promoter holding, institutional holding, public holding) are not available without further research. The quality of management and corporate governance would need to be assessed through detailed financial reports and public disclosures.
8. Outlook
Paras Petrofils Ltd. operates in a sector with structural tailwinds from India's growing economy and the global shift towards manmade fibers. The company stands to benefit from increasing domestic consumption and potential government support for the textile industry. However, it faces inherent challenges from volatile raw material costs, intense competition, and the cyclical nature of textile demand. Its ability to manage operational efficiencies, innovate its product portfolio, strategically expand capacity, and navigate market price fluctuations will be crucial for sustained performance. The outlook is balanced, recognizing both the growth potential of the sector and the significant operational and market risks involved.
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Market Cap ₹68 Cr.
Stock P/E 871.9
P/B 3.8
Current Price ₹2
Book Value ₹ 0.5
Face Value 1
52W High ₹3.2
Dividend Yield 0%
52W Low ₹ 1.6
Price goes above X
Price falls below X
PE goes above X
PE falls below X
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| #(Fig in Cr.) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Expenditure | 0 | 0 | 2 | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
| Operating Profit | 0 | 0 | -1 | 0 | 0 | 0 | -1 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 0 | 0 | -1 | 0 | 0 | 0 | -1 | 0 | 0 | 0 |
| Provision for Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 0 | 0 | -1 | 0 | 0 | 0 | -1 | 0 | 0 | 0 |
| Adjustments | -0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 | -0 | 0 |
| Profit After Adjustments | 0 | 0 | -1 | 0 | 0 | 0 | -1 | 0 | 0 | 0 |
| Adjusted Earnings Per Share | 0 | 0 | -0 | 0 | 0 | 0 | -0 | 0 | 0 | 0 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 |
| Total Income | 5 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 |
| Total Expenditure | 5 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 1 | 2 | 1 | 1 |
| Operating Profit | -0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | -0 | 0 | -1 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | -4 | -1 | -4 | -2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | -5 | -1 | -3 | -1 | 1 | 1 | 1 | 1 | 0 | -0 | 0 | -1 |
| Provision for Tax | -1 | 0 | -1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -3 | -1 | -2 | -1 | 1 | 1 | 1 | 1 | 0 | -0 | 0 | -1 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | -2 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | -3 | -1 | -2 | -1 | 1 | -1 | 1 | 1 | 0 | -0 | 0 | -1 |
| Adjusted Earnings Per Share | -0.1 | -0 | -0 | -0 | 0 | 0 | 0 | 0 | 0 | -0 | 0 | 0 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 0% | 0% | 0% | -100% |
| Operating Profit CAGR | 0% | -100% | -100% | 0% |
| PAT CAGR | 0% | -100% | -100% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -26% | 32% | NA% | 26% |
| ROE Average | 0% | 0% | 2% | -2% |
| ROCE Average | 0% | 0% | 2% | -2% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 27 | 25 | 24 | 23 | 23 | 22 | 23 | 24 | 24 | 20 | 20 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | -2 | -2 | -4 | -4 | -4 | -4 | -4 | -4 | -4 | 0 | 0 |
| Total Current Liabilities | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 26 | 24 | 21 | 19 | 20 | 19 | 20 | 20 | 21 | 20 | 20 |
| Fixed Assets | 23 | 15 | 11 | 8 | 8 | 6 | 6 | 6 | 6 | 5 | 3 |
| Other Non-Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Total Current Assets | 3 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 15 | 16 | 16 |
| Total Assets | 26 | 24 | 21 | 19 | 20 | 19 | 20 | 20 | 21 | 20 | 20 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 0 | 1 | 0 | 1 | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
| Cash Flow from Operating Activities | -5 | -7 | -1 | -2 | -0 | -0 | 1 | -1 | 0 | -0 | 0 |
| Cash Flow from Investing Activities | 6 | 7 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | -0 |
| Cash Flow from Financing Activities | -1 | 0 | 1 | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Cash Inflow / Outflow | 0 | -0 | 1 | -1 | -0 | -0 | 1 | -1 | 0 | -0 | -0 |
| Closing Cash & Cash Equivalent | 1 | 0 | 1 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | -0.1 | -0.04 | -0.05 | -0.03 | 0.02 | 0.02 | 0.03 | 0.03 | 0.01 | -0.01 | 0 |
| CEPS(Rs) | -0.09 | -0.04 | -0.05 | -0.03 | 0.02 | 0.02 | 0.03 | 0.03 | 0.01 | -0.01 | 0 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 0.7 | 0.66 | 0.61 | 0.58 | 0.6 | 0.56 | 0.59 | 0.61 | 0.62 | 0.51 | 0.51 |
| Core EBITDA Margin(%) | -3.77 | 0 | 0 | 0 | -844.29 | 0 | 0 | 0 | 0 | 0 | 0 |
| EBIT Margin(%) | -90.47 | 0 | 0 | 0 | 774.14 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre Tax Margin(%) | -90.52 | 0 | 0 | 0 | 770.78 | 0 | 0 | 0 | 0 | 0 | 0 |
| PAT Margin (%) | -62.14 | 0 | 0 | 0 | 770.78 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Profit Margin (%) | -60.26 | 0 | 0 | 0 | 770.78 | 0 | 0 | 0 | 0 | 0 | 0 |
| ROA(%) | -10.14 | -5.81 | -7.2 | -5.14 | 2.86 | 3.29 | 4.57 | 4.29 | 1.65 | -1.82 | 0.38 |
| ROE(%) | -12.63 | -6.35 | -7.59 | -5.18 | 2.87 | 3.29 | 4.56 | 4.26 | 1.64 | -1.98 | 0.46 |
| ROCE(%) | -16.01 | -5.43 | -11.62 | -4.34 | 2.46 | 2.81 | 3.89 | 3.65 | 1.42 | -1.64 | 0.46 |
| Receivable days | 0 | 0 | 0 | 0 | 471.44 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | 68.86 | 0 | 0 | 0 | 335.55 | 0 | 0 | 0 | 0 | 0 | 0 |
| PER(x) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 84.31 | 0 | 1182.61 |
| Price/Book(x) | 0.38 | 0.27 | 0.29 | 0 | 0 | 0 | 0 | 0 | 1.38 | 5.5 | 5.35 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 2.46 | 0 | 0 | 0 | 500.08 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Core EBITDA(x) | -99.69 | 99.78 | 11.25 | 31.5 | 64.6 | 57.41 | 40.97 | 42.86 | 93.59 | -263.87 | 1015.84 |
| Net Sales Growth(%) | -49.32 | -100 | 0 | 0 | 0 | -100 | 0 | 0 | 0 | 0 | 0 |
| EBIT Growth(%) | -160.31 | 69.28 | -103.07 | 64.66 | 155.69 | 12.7 | 37.28 | -2.5 | -60.12 | -206.73 | 125.45 |
| PAT Growth(%) | -189.41 | 54.37 | -11.44 | 36.01 | 154.69 | 13.04 | 37.28 | -2.44 | -60.33 | -210.04 | 120.92 |
| EPS Growth(%) | -189.38 | 54.36 | -11.52 | 36.07 | 154.69 | 13.04 | 37.49 | -2.66 | -60.16 | -209.8 | 120.54 |
| Debt/Equity(x) | 0 | 0 | 0.02 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Current Ratio(x) | 2.22 | 10.16 | 49.69 | 56.62 | 42.26 | 46.15 | 117.69 | 165.65 | 101.12 | 769.07 | 241.35 |
| Quick Ratio(x) | 2.22 | 10.16 | 49.69 | 56.62 | 42.26 | 46.15 | 117.69 | 165.65 | 101.12 | 769.07 | 241.35 |
| Interest Cover(x) | -1625.98 | -642.09 | -170.4 | -72.66 | 230.27 | 722.55 | 722.67 | 1368.81 | 170.85 | -40.08 | 928 |
| Total Debt/Mcap(x) | 0 | 0 | 0.06 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 40.35 | 40.35 | 40.34 | 40.34 | 40.34 | 40.34 | 40.34 | 40.19 | 40.19 | 40.19 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 59.65 | 59.65 | 59.66 | 59.66 | 59.66 | 59.66 | 59.66 | 59.81 | 59.81 | 59.81 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 13.49 | 13.49 | 13.48 | 13.48 | 13.48 | 13.48 | 13.48 | 13.43 | 13.43 | 13.43 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 19.94 | 19.94 | 19.94 | 19.94 | 19.94 | 19.94 | 19.94 | 19.99 | 19.99 | 19.99 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 33.42 | 33.42 | 33.42 | 33.42 | 33.42 | 33.42 | 33.42 | 33.42 | 33.42 | 33.42 |
* The pros and cons are machine generated.
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