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Parin EnterprisesNSE:PARIN -0.16%85 Return-on-Tangible-Equity is 10.74% as of Mar. 2026, which is 12% above its 10-year median of 9.60. GuruFocus rates NSE:PARIN with a GF Score™ of 85/100 and a GF Value™ of ₹646.73 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 421 Furnishings, Fixtures & Appliances companies, Parin Enterprises ranks better than 66.98% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Parin Enterprises's annualized net income for the quarter that ended in Mar. 2026 was ₹76 Mil. Parin Enterprises's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹707 Mil. Therefore, Parin Enterprises's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 10.74%.
The historical rank and industry rank for Parin Enterprises's Return-on-Tangible-Equity or its related term are showing as below:
NSE:PARIN'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 4.01 Med: 9.6 Max: 33.32
Current: 9.19
During the past 13 years, Parin Enterprises's highest Return-on-Tangible-Equity was 33.32%. The lowest was 4.01%. And the median was 9.60%.
NSE:PARIN's Return-on-Tangible-Equity is ranked better than 66.98% of 421
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 5.07
vs NSE:PARIN: 9.19
Parin Enterprises (NSE:PARIN) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Parin Enterprises Return-on-Tangible-Equity Related Terms
Parin Enterprises Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Parin Enterprises's Return-on-Tangible-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NSE:PARIN vs SN, SGI, MHK: Return-on-Tangible-Equity Comparison
For the Furnishings, Fixtures & Appliances subindustry, Parin Enterprises's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Parin Enterprises Return-on-Tangible-Equity vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Parin Enterprises's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Parin Enterprises's Return-on-Tangible-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is two times the semi-annual (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 10.74% mean?
Parin Enterprises (NSE:PARIN) has a Return-on-Tangible-Equity of 10.74% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Parin Enterprises and its competitors. This is 12% above median its historical median of 9.60. Over the past decade, Parin Enterprises' Return-on-Tangible-Equity has ranged from 4.01 to 33.32. According to the industry distribution chart, Parin Enterprises ranks #139 out of 421 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 33%.
Is Parin Enterprises' Return-on-Tangible-Equity too high?
Parin Enterprises' current Return-on-Tangible-Equity of 10.74% is 12% above median its 10-year median of 9.60. Over the past 10 years, this metric has ranged from a low of 4.01 to a high of 33.32. The Furnishings, Fixtures & Appliances industry median Return-on-Tangible-Equity is 5.07. Parin Enterprises' value of 10.74% is 111.8% above this industry median. Based on the distribution chart, Parin Enterprises ranks #139 out of 421 companies in the Furnishings, Fixtures & Appliances industry, which is above the industry midpoint. Overall, Parin Enterprises has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Parin Enterprises' Return-on-Tangible-Equity compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Parin Enterprises ranks #139 out of 421 companies for Return-on-Tangible-Equity. This puts Parin Enterprises in the upper half of its industry. The industry median Return-on-Tangible-Equity is 5.07. Parin Enterprises' value of 10.74% is 111.8% above this benchmark. Historically, Parin Enterprises' own Return-on-Tangible-Equity has ranged from 4.01 to 33.32 over the past decade. While the company's 10-year median is 9.60 vs. the industry median of 5.07, Parin Enterprises has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Equity for a Furnishings, Fixtures & Appliances company?
The median Return-on-Tangible-Equity among Furnishings, Fixtures & Appliances companies is 5.07, based on 421 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Parin Enterprises's current Return-on-Tangible-Equity of 10.74% is 111.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Parin Enterprises and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Return-on-Tangible-Equity is 5.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Parin Enterprises's current Return-on-Tangible-Equity is 10.74%, which is 12% above median its own 10-year median of 9.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Parin Enterprises stock overvalued right now?
Based on GuruFocus' analysis, Parin Enterprises (NSE:PARIN) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹646.73, compared to a current price of ₹728.80 — trading 12.7% above its estimated fair value. The current Return-on-Tangible-Equity is 10.74%, which is 12% above median its 10-year median of 9.60 and 111.8% above the Furnishings, Fixtures & Appliances industry median of 5.07. Parin Enterprises' overall GF Score™ is 85/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Parin Enterprises (NSE:PARIN), the current Return-on-Tangible-Equity is 10.74% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Parin Enterprises (NSE:PARIN) Overvalued in 2026?
Based on GuruFocus' analysis, Parin Enterprises stock appears to be overvalued.
The current stock price of ₹728.80 is trading 12.7% above its estimated GF Value™ of ₹646.73.
GuruFocus considers Parin Enterprises to be Modestly Overvalued.
Key valuation signals for NSE:PARIN:
Return-on-Tangible-Equity: 10.74% (12% above median its 10-year median of 9.60)
GF Value™: ₹646.73 vs. price of ₹728.80 (12.7% above fair value)
Industry Position: 111.8% above the Furnishings, Fixtures & Appliances median (#139 of 421)
No single metric tells the full story. See the NSE:PARIN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Parin Enterprises Ltd formerly, Parin Furniture Ltd is engaged in manufacturing furniture, fixtures & related items. The company offers home furniture, office furniture, hospital furniture, educational furniture, and Institutional furniture. It generates its revenue from the sale of furniture products and interest income. The company is based in Rajkot with its presence at Rajkot, Ahmedabad, Surat, Mumbai, Kolkata, Junagadh, Mehsana, Kodinar, and Bhubaneshwar. It is spread across a wide area and includes different units such as procurement, designing, quality control, warehousing & packaging, etc.
85GF Score
Get the complete analysis for NSE:PARIN
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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