Parshva Enterprises share price & results
- Sept 2026
- Sept 2026
Mumbai-based company engaged in buying and selling of diamonds, with a jewellery business being demerged into a separate listed subsidiary.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 6.8 | +8.0% YoY | Quarterly, as filed | Quarter to Sept 2026 | Revenue from operations as filed. |
| Operating margin | 2.5 | +0.6 pts YoY | Operating profit / revenue | Quarter to Sept 2026 | For the quarter; a change is in percentage points. |
| Net profit | 0.08 | +14.3% YoY | Quarterly, as filed | Quarter to Sept 2026 | Profit after tax as filed. |
| Return on equity | 2.57 | +0.8 pts | Trailing twelve months | TTM to Sept 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | 11.43 | −1.6 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 0.20 | +1.4 pts | Trailing twelve months | TTM to Sept 2026 | Revenue change against the same period one year earlier. |
Price
Performance −1.9% 1Y
1Y: ₹224.3 on 24 Oct 2025 → ₹220. High ₹224.3 (24 Oct 2025), low ₹142 (22 Jan 2026).
- Previous close
- ₹210
- Market cap
- ₹178 Cr
- 52-week range
- ₹142 – ₹220
- One year
- +4.22%
- Price to earnings (TTM to Sept 2026)
- 635.71×
- Return on equity (TTM to Sept 2026)
- 2.57%
Overview
- Symbol
- NSE:PARSHVA
- Sector
- Services
- Exchange
- NSE
- Currency
- INR
What Parshva Enterprises Limited does
Based on the company's own presentations, annual report and earnings calls.
Parshva Enterprises Limited's main business is the buying and selling of diamonds, with commercial operations having commenced in July 2017. The company also historically operated a jewellery business; its Board has approved a Scheme of Arrangement to demerge this jewellery undertaking into Simandhar Impex Limited, a wholly-owned subsidiary, so the two businesses can be run and grown independently. It operates through two wholly-owned subsidiaries, Parshva Multitrade Limited and Simandhar Impex Limited, out of its corporate office in Mumbai.
Segments
- Diamond trading
- Jewellery
- Wholly-owned subsidiaries
- 2 (Parshva Multitrade Limited, Simandhar Impex Limited)
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 4 fiscal years held (Mar 2023 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +14% (quarter to sept 2026 against sept 2025).
| Line item | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 6 | 7 | 6 | 6 | 6 | 6 | 6 | 7 |
| Expenses | 6 | 7 | 6 | 6 | 6 | 6 | 6 | 7 |
| Operating profit | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating margin | 3.1% | 1.5% | 1.9% | 1.9% | 2.0% | 1.9% | 2.5% | 2.5% |
| Other income | 0 | 0 | 0 | 0 | -0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax rate | 25.0% | 66.7% | 33.3% | 33.3% | 33.3% | 33.3% | 30.0% | 27.3% |
| Net profit | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (₹ per share) | 0.09 | 0.01 | 0.07 | 0.07 | 0.04 | 0.07 | 0.07 | 0.08 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 18 | 25 | 25 | 25 |
| Expenses | 18 | 25 | 24 | 24 |
| Operating profit | 0 | 1 | 1 | 0 |
| Other income | 0 | -0 | -0 | -0 |
| Interest | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 |
| Profit before tax | 0 | 0 | 0 | 0 |
| Net profit | 0 | 0 | 0 | 0 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 | Sept 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 10 | 10 | 10 | 10 | 10 | 10 |
| Reserves | 0 | 3 | 4 | 4 | 1 | 1 |
| Borrowings | 1 | 1 | 1 | 1 | 0 | 2 |
| Other liabilities | 0 | 2 | 2 | 3 | 3 | 1 |
| Total liabilities | 12 | 17 | 17 | 17 | 14 | 14 |
| Fixed assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other assets | 11 | 16 | 17 | 17 | 13 | 14 |
| Total assets | 12 | 17 | 17 | 17 | 14 | 14 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | -0 | -3 | 0 | 2 | 3 | 3 |
| Cash from investing | 0 | 0 | -0 | -4 | -3 | -2 |
| Cash from financing | -0 | 3 | -0 | 3 | -0 | -0 |
| Net cash flow | -0 | -0 | -0 | 0 | -0 | 1 |
| Free cash flow | -0 | -3 | 0 | 2 | 3 | 3 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 65 | 123 | 114 | 117 | 42 | 12 |
| Inventory days | 167 | — | 1478 | 42 | 74 | 71 |
| Days payable | 0 | — | 0 | 30 | 33 | 5 |
| Cash conversion cycle | 233 | 123 | 1592 | 128 | 82 | 78 |
| Working capital days | 247 | 270 | 211 | 197 | 197 | 151 |
| Return on capital employed | 3.6% | 3.8% | — | 3.6% | 3.0% | 3.5% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
What the price assumes
Growth trapTo justify its price of ₹220, this stock must grow earnings at 98% every year for 7 years. Our analysis caps realistic growth at ~4%. At that growth it is worth ₹4 — downside of 98%.
- Growth the price implies
- 97.7% a year
- for 7 years, fading to 4%
- It has actually compounded at
- 4.4% a year
- net profit, FY23–FY26 · EPS 4.4%
- The gap
- 0.9 pp
- -98% downside if it only repeats history
Ownership
Who owns it
Promoters hold 74.89% as of Sept 2026.
- Promoters 74.89%
- Public 25.11%
Who is on the register
Named in the Sep 2026 filing
Every holder of Parshva Enterprises Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 40.39% | unchanged | |
| 15.88% | unchanged | |
| 11.99% | unchanged | |
| 4.93% | unchanged | |
| 2.16% | unchanged | |
| 2.16% | unchanged | |
| 1.82% | unchanged | |
| 1.77% | unchanged | |
| 1.55% | unchanged | |
| 1.50% | unchanged | |
| 1.43% | unchanged | |
| 1.21% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
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