Is E.I.D. - Parry (India) a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that E.I.D. - Parry (India) Ltd is a average quality company .

Is E.I.D. - Parry (India) undervalued or overvalued?

The key valuation ratios of E.I.D. - Parry (India) Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is E.I.D. - Parry (India) share price return in the past 10 years?

E.I.D. - Parry (India) Ltd share price has appreciated 14.4% annually (CAGR) over the past ten years.

Is E.I.D. - Parry (India) a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of E.I.D. - Parry (India) Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

What is the P/E ratio of E.I.D. - Parry (India)?

The latest standalone P/E ratio of E.I.D. - Parry (India) as of 07-Nov-2024 is 199.04.

What is the P/B ratio of E.I.D. - Parry (India)?

The latest standalone P/B ratio of E.I.D. - Parry (India) as of 07-Nov-2024 is 5.22.

What is the 52-week high and low of E.I.D. - Parry (India)?

The 52-week high of E.I.D. - Parry (India) is Rs. 879.95 and the 52-week low is Rs. 476.30.

E.I.D. - Parry (India) Ltd - Stock Valuation and Financial Performance

Name: E.I.D. - Parry (India)
Brand: E.I.D. - Parry (India)

BSE: 500125 | NSE: EIDPARRY | Sugar | Small Cap

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E.I.D. Parry (I) Share Price

₹850.15 17.60 2.11%
as on 07-Nov'24 00:00

10 Year X-Ray of E.I.D. Parry (I):

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	8.9%	1.6%	15.2%	6.3%	3.5%	4.4%	39%	11.9%	9%	4.3%	-
Value Creation Index ⓘ	-0.4	-0.9	0.1	-0.5	-0.8	-0.7	1.9	-0.1	-0.3	-0.7	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	2,082	2,601	2,248	1,921	1,845	1,875	2,024	2,489	2,895	2,809	2,862
Sales YoY Gr.	-	25%	-13.6%	-14.6%	-4%	1.6%	8%	23%	16.3%	-3%	-
Adj EPS ⓘ	7.6	-5.6	14.9	8.2	-0.3	0.3	19.7	15.9	15.4	5.1	4.2
YoY Gr.	-	-173%	NA	-44.8%	-103.7%	NA	6917.9%	-19.2%	-3%	-66.7%	-
BVPS (₹) ⓘ	77.6	72.9	84	92.5	96.6	96.6	146.2	155.5	162.1	163.9	159.4
Adj Net Profit ⓘ	134	-97.8	262	146	-5.2	5	348	282	274	91	74
Cash Flow from Ops. ⓘ	293	945	518	-19.3	-3.9	-15.6	-37.1	439	-367	-77.7	-
Debt/CF from Ops. ⓘ	6.3	1.4	1.8	-52.8	-215.1	-66.5	-15	0.2	-1.4	-13.4	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	3.4%	8.8%	11.5%	-3%
Adj EPS ⓘ	-4.3%	NA	-36.1%	-66.7%
BVPSⓘ	8.7%	11.2%	3.9%	1.1%
Share Price	14.4%	38.2%	20.9%	77.7%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	10.1	-7.4	19	9.3	-0.3	0.3	16.2	10.5	9.7	3.1	2.6
Op. Profit Mgn % ⓘ	10.3	2.3	14.6	8.7	-2.2	4.7	8.4	8.4	8.8	4.5	3.7
Net Profit Mgn % ⓘ	6.4	-3.8	11.7	7.6	-0.3	0.3	17.2	11.3	9.5	3.2	2.6
Debt to Equity ⓘ	1.4	1	0.6	0.6	0.5	0.6	0.2	0	0.2	0.4	-
Working Cap Days ⓘ	340	221	183	251	303	301	319	260	203	228	85
Cash Conv. Cycle ⓘ	162	90	80	129	128	130	130	114	100	127	28

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 11.53%

Return on Equity has declined versus last 3 years average to 2.60%

Net Profit has been subdued in last 3 years -36.09%

Sales growth is not so good in last 4 quarters at 0.30%

Latest Financials - E.I.D. - Parry (India) Ltd.

	Standalone	Consolidated
TTM EPS (₹)	4.2	49.7
TTM Sales (₹ Cr.)	2,862	29,133
BVPS (₹.) ⓘ	159.4	410.1
Reserves (₹ Cr.) ⓘ	2,813	7,265
P/BV ⓘ	5.22	2.03
PE ⓘ	199.04	16.76

From the Market
52 Week Low / High (₹)	476.30 / 879.95
All Time Low / High (₹)	5.21 / 879.95
Market Cap (₹ Cr.)	14,782
Equity (₹ Cr.)	17.8
Face Value (₹)	1
Industry PE ⓘ	25.5

Management X-Ray of E.I.D. Parry (I):

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.19

0.03

0.01

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of E.I.D. Parry (I)

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of E.I.D. Parry (I)

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	2,082	2,601	2,248	1,921	1,845	1,875	2,024	2,489	2,895	2,809
Operating Expenses ⓘ	1,885	2,542	1,921	1,763	1,887	1,794	1,854	2,281	2,640	2,681
Manufacturing Costs	175	198	190	170	154	161	150	194	266	291
Material Costs	1,382	2,008	1,431	1,269	1,377	1,276	1,389	1,737	1,929	1,950
Employee Cost	126	134	123	133	144	158	136	131	153	180
Other Costs ⓘ	201	201	177	191	213	199	180	219	292	259
Operating Profit ⓘ	197	60	327	158	-42	81	171	209	255	128
Operating Profit Margin (%)	9.5%	2.3%	14.6%	8.2%	-2.3%	4.3%	8.4%	8.4%	8.8%	4.5%
Other Income ⓘ	192	98	166	203	212	155	385	283	272	179
Interest ⓘ	151	167	140	113	113	136	93	46	36	44
Depreciation ⓘ	102	112	111	113	114	120	120	120	135	147
Exceptional Items ⓘ	0	0	0	-87	35	0	715	-14	-111	0
Profit Before Tax ⓘ	136	-122	242	48	-22	-20	1,058	312	245	115
Tax ⓘ	-12	-29	-32	-34	-49	-22	194	28	48	8
Profit After Tax	148	-92	274	81	27	2	865	284	197	107
PAT Margin (%)	7.1%	-3.5%	12.2%	4.2%	1.5%	0.1%	42.7%	11.4%	6.8%	3.8%
Adjusted EPS (₹)	8.4	-5.2	15.6	4.6	1.5	0.1	48.8	16.0	11.1	6.0
Dividend Payout Ratio (%)	36%	0%	26%	65%	194%	0%	0%	69%	86%	66%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	1,369	1,282	1,477	1,636	1,710	1,709	2,589	2,758	2,877	2,909
Share Capital ⓘ	18	18	18	18	18	18	18	18	18	18
Reserves ⓘ	1,352	1,265	1,459	1,619	1,692	1,691	2,571	2,740	2,859	2,892
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	1,602	862	750	707	727	902	434	83	463	949
Long Term Debt	673	661	569	275	352	410	79	79	111	204
Short Term Debt	929	202	182	432	375	492	355	4	353	745
Trade Payables	338	479	281	568	408	436	305	340	284	341
Others Liabilities ⓘ	909	1,106	869	1,062	985	948	946	894	361	468
Total Liabilities ⓘ	4,219	3,730	3,378	3,974	3,830	3,996	4,275	4,075	3,986	4,667
Fixed Assets
Gross Block	2,444	1,630	1,687	1,704	1,701	1,859	1,717	1,959	2,101	2,339
Accumulated Depreciation	963	122	233	339	436	555	632	746	874	1,009
Net Fixed Assetsⓘ	1,481	1,508	1,454	1,365	1,265	1,304	1,085	1,213	1,227	1,331
CWIP ⓘ	24	33	8	5	11	19	112	15	84	284
Investmentsⓘ	683	774	786	878	979	999	1,010	1,119	992	1,074
Inventories	1,079	809	735	1,098	973	957	957	986	979	1,186
Trade Receivables	265	254	210	134	162	162	201	146	207	241
Cash Equivalents	42	106	6	10	25	15	30	44	12	5
Others Assetsⓘ	646	245	179	483	416	540	879	553	486	547
Total Assets ⓘ	4,219	3,730	3,378	3,974	3,830	3,996	4,275	4,075	3,986	4,667

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	293	945	518	-19	-4	-16	-37	439	-367	-78
PBT ⓘ	136	-122	257	78	187	-20	1,058	312	245	115
Adjustment ⓘ	119	222	157	57	-164	157	-860	-45	52	43
Changes in Working Capital ⓘ	42	847	147	-140	-12	-150	-209	199	-669	-206
Tax Paid ⓘ	-4	-3	-42	-14	-15	-3	-27	-27	5	-29
Cash Flow From Investing Activity ⓘ	-1	-95	27	45	397	-32	645	269	76	-276
Capex	-64	-53	-39	-48	-58	-101	-131	-151	-145	-399
Net Investments	2	-13	-16	74	5	4	17	-18	-4	1
Others ⓘ	62	-30	82	19	449	65	759	438	225	122
Cash Flow From Financing Activityⓘ	-323	-808	-594	-26	-393	57	-605	-690	269	346
Net Proceeds from Shares ⓘ	0	0	1	1	0	0	3	8	4	0
Net Proceeds from Borrowing ⓘ	-204	141	-357	-176	-130	85	-343	-99	53	136
Interest Paid ⓘ	-157	-153	-147	-102	-99	-134	-114	-38	-32	-35
Dividend Paid ⓘ	-35	-18	-70	0	-106	0	0	-195	-98	-142
Others ⓘ	72	-778	-20	251	-57	106	-150	-366	342	386
Net Cash Flow ⓘ	-31	42	-48	-1	0	10	3	18	-21	-8

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	11.24	-6.96	19.86	5.23	1.63	0.11	40.24	10.6	6.99	3.7
ROCE (%)	8.89	1.57	15.2	6.33	3.52	4.37	39.04	11.91	8.97	4.33
Asset Turnover Ratio	0.51	0.68	0.66	0.53	0.47	0.48	0.49	0.6	0.72	0.65
PAT to CFO Conversion(x)	1.98	N/A	1.89	-0.23	-0.15	-8	-0.04	1.55	-1.86	-0.73
Working Capital Days
Receivable Days	44	35	36	32	29	31	33	25	22	29
Inventory Days	181	128	120	172	204	188	172	142	123	140
Payable Days	84	74	97	122	129	121	97	68	59	58

E.I.D. - Parry (India) Ltd Stock News

E.I.D. - Parry (India) Ltd FAQs

What is the share price of E.I.D. Parry (I)?

Company share prices are keep on changing according to the market conditions. The closing price of E.I.D. Parry (I) on 07-Nov-2024 00:00 is ₹850.1.

What is the market cap of E.I.D. Parry (I)?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 07-Nov-2024 00:00 the market cap of E.I.D. Parry (I) stood at ₹14,782.5.

What is the P/E ratio of E.I.D. Parry (I)?

The latest P/E ratio of E.I.D. Parry (I) as of 07-Nov-2024 00:00 is 199.0.

What is the P/B ratio of E.I.D. Parry (I)?

The latest P/B ratio of E.I.D. Parry (I) as of 07-Nov-2024 00:00 is 5.22.

What is the 52-week high and low of E.I.D. Parry (I)?

The 52-week high of E.I.D. Parry (I) is ₹880.0 and the 52-week low is ₹476.3.

What is the TTM revenue of E.I.D. Parry (I)?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of E.I.D. Parry (I) is ₹2,862 ( Cr.) .

About E.I.D. - Parry (India) Ltd

E.I.D. Parry (India) Limited is a listed company engaged in the business of Sugar and Nutraceuticals. Headquartered in ‘Dare House’ a heritage building, in Chennai, India, the Company is a part of the Murugappa Group, one of India’s leading business conglomerates. Founded in 1788, ‘Parry’ has been a household name for over 225 years. The Company holds the distinction of setting up India’s first sugar plant at Nellikuppam in 1842 and even today continues to pioneer new paths in each of its businesses.

Amongst the leading sugar manufacturers in India, E.I.D. Parry’s sugar plants are spread across South India. These state-of-the-art plants with huge sugarcane crushing capacity, co-generation capacity and Distillery capacity across units are located at Nellikuppam, Pugalur, Pudukottai, Pettavathalai and Sivaganga in Tamil Nadu, Ariyur in Puducherry, Sankili in Andhra Pradesh and Bagalkot, Haliyal and Ramdurg in Karnataka.

E.I.D. Parry is a pioneer and world leader in organic spirulina and micro algal products in the Nutraceuticals space. The highly specialised manufacturing Plants of the Nutraceuticals business for micro algal production are located at Oonaiyur and Saveripuram in Tamil Nadu. The Company also retains a significant presence in the farm inputs business through its subsidiary Coromandel International Limited.

Business area of the company

E.I.D. Parry (India), a leading player in sugar with interests in promising areas of Bio-Pesticides and Nutraceuticals, is one of the oldest companies in India and one of the top five sugar producers in the country. The company has many sugar plants spread across South India. The integrated sugar units have been designed to optimize process efficiencies, increase sugarcane recovery ratio and increase energy efficiency through reduced steam and power consumption. E.I.D. Parry continues to be one of the leading producers of international quality sugar, through its innovative process and farmer centric practices.

Products

Sugar
Nutraceuticals
Sanitizer

Awards and recognitions

2015-16

E.I.D. Parry recognised as “Best Performing Company” and Winner in the ‘Sugar’ Sector by Dun & Bradstreet.

2016-17

E.I.D. Parry received special recognition for “Commitment to Engagement” from AON Hewitt.
Pudukottai plant secured First prize in the National level TPM Circle competition conducted by TPM club of CII.
E.I.D. Parry recognised as “Best Performing Company” and Winner in the ‘Sugar’ Sector by Dun & Bradstreet (Second year in succession).
E.I.D. Parry secured “Best Overall Excellence in CSR” award given by National CSR.
Nellikuppam plant rated as “Excellent Energy efficient unit” by CII for Excellence in Energy management held at Hyderabad.
Pudukottai plant secured “Energy efficiency unit” award from CII.

2017-18

Nellikuppam plant bagged awards for “Most Innovative Environmental Project” and “Most useful Environmental Project” at the Greenco Summit / CII Environmental Best Practices Meet.
Nellikuppam unit was awarded certificate by CII for “Strong Commitment to Food Safety” for 2017.

2018-19

Distillery unit at Sivaganga received award from CII for MOST INNOVATIVE ENVIRONMENTAL PROJECT under the head “Waste Management & Recycling”. The award was presented in the 7th edition of “GreenCo Summit 2018,” held on 27th & 28th June 18 at Chennai
Parry’s wins the ‘Economic Times Best Brands 2019’ award!
E.I.D. Parry’s Aranthangi unit received an Award for “TPM Excellence-Category A”, from the Japan Institute of Plant Maintenance

History and milestones

1788: On July 17th, Thomas Parry, one of the first British traders to see the future that existed in India’s rural areas, establishes his business in India.
1789: Thomas Parry, while also trading in his own name, joins with Thomas Chase in the partnership firm of Chase and Parry.
1790: The firm becomes Chase Parry and Co., with Henry Sewell becoming the third partner.
1792: The partnership is wound up and Parry concentrates on his own trading.
1795: The firm of Thomas Parry and Co. is founded.
1803: Parry acquires the corner site where Parry’s headquarters is still situated.
1819: Parry ventures into partnership with John William Dare and christens the firm “Parry & Dare”.
1834: Parry buys land in Wynaad to develop coffee plantations.
1839: The company is known as Parry & Co. for the first time, a name that is to remain unchanged till 1928.
1842: Parry’s first venue into sugar. Exports of the commodity begin and the Vandipalayam sugar factory, the firm’s first industrial venture is established not far from Cuddalore in what is now south Arcot.
1845: Parry gets its first distillery license. The Nellikuppam sugar factory is opened.
1897: The East India Distilleries and Sugar Factories Limited (EID) is formed in London with John Henry Tod as first Chairman. Parry is appointed as the Managing Agents of the new company which takes over Parrys’ industrial assets.
1906: The Presidency Manure Works begins manufacture of superphosphate and sulphuric acid in Ranipet. Parry enters the fertilizer and chemical business.
1908: The ceramics business commences, with acid jars being made in Ranipet.
1914: E.I.D establishes a confectionary factory in Nellikuppam to be managed by Parry.
1918: Parry’s Engineering Limited is established in Calcutta.
1928: Parry becomes Limited Liability Company and is now known as Parry & Company Limited.
1939: Construction of Dare House begins.
1952: Production of Vitreous Sanitary ware commences at Ranipet.
1961: E.I.D plays a leading role in the promotion of Coromandel Fertilizers Limited.
1975: E.I.D. – Parry (India) Limited is formed and registered in Chennai (Erstwhile Madras).
1981: E.I.D-Parry (EIDP) becomes a part of the Murugappa Group.
2003: Demerger of Farm Inputs Division to Coromandel International Limited (CIL) and CIL Issued shares to E.I.D. Parry Shareholders. Divestment of entire investment in Parrys Confectionery Limited to Lotte Confectionery Company-Korea. Delisting of Equity Shares from London Stock Exchange.
2004: Launches first ever branded sugar -- Parry’s Pure Refined Sugar. Disinvestment of Netlon, General Marketing and Travels Division to Parry Enterprises India Limited.
2005: Sub-Division of equity shares from Rs.10/- per share to Rs.2/- per share. Formation of 50:50 joint venture with ROCA of Spain-World Leaders in Bathroom Products. Acquisition of assets of New Horizon Sugar Mills Limited Puducherry.
2006: Setting up of 18MW Cogen Power Plant at Pudukkottai. Execution of Joint Venture Agreement with Cargill Asia Pacific Holdings PTE Limited and formation of Joint Venture Company-Silk road Sugar Private Limited. Amalgamation of Parry Nutraceuticals Limited with the Company pursuant to High Court order.
2007: Commissions 22MW co-generation power plant at Pugalur factory. Acquiring 51% stake in Phytoremedies Bio Labs Private Limited now called as Parry Phytoremedies Private Limited - Pune, who are specialists in extraction of Carotenoid Lycopene. Sells off majority stake in Parryware Roca Private Limited. Commission of 60KLPD distillery plant at Sivaganga.
2008: Makes strategic investment in US Nutraceuticals LLC-USA through acquisition of 48% stake.
2009: Acquires 76% stake in Sadashiva Sugars Limited and enters the state of Karnataka.
2010: Acquires a majority stake in Parrys Sugar Industries Limited (previously known as GMR Industries Limited) via open offer. Subdivides face value of equity shares from Rs.2 per share to Re.1 per share Sells off entire holding in Roca Bathroom Products Private Limited. Increased the throughput sugarcane capacity to 32500 TCD and co-generation to 146 MW.
2011: Consolidation of operations at Parry Sugar Industries Limited and Sadashiva Sugars Limited. Increased Equity Stake to 100% in Sadashiva Sugars Limited. Increased Voting Rights to 100% in US Nutraceuticals Limited.
2012: The Joint Venture Company, Silkroad becoming a Subsidiary (99%) after EID acquires the entire stake of its Joint Venture Partner, Cargill Asia Pacific Holdings P.T.E. Two units of Parrys Sugar Industries Limited namely Haliyal unit and Sankili unit was merged with E.I.D.-Parry (India) Limited in the year 2012.
2014: Sadashiva Sugars Limited was merged with E.I.D. Parry (India) Limited in the year 2014.
2015: Parry Phytoremedies Private Limited was merged with E.I.D. Parry (India) Limited in the year 2015.
2017: Parrys Sugar Industries Limited was merged with E.I.D.-Parry (India) Limited in the year 2017.
2018: Sale of Bio pesticides Business and Divestment of entire shareholding in Parry America Inc., to Coromandel International Limited, Subsidiary Company
2020: The Company forayed into the disinfectants market with the launch of its brand Handkleen and Sterisafe sanitizer.
2020: Seizing the demand opportunity in sanitisers due to the pandemic outbreak, the Company launched ‘HandKleen’ and ‘Sterisafe’ brand of sanitisers for the retail space, leveraging on the Parry brand.