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

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

BSE Share Price 01-Feb-2023 18:03
541.45 -1.15 (-0.21%)

DeciZen - Make an Informed Decision on E.I.D. Parry (I)

Overall Rating

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

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

P/E Ratio ( SA) :
28.13
Market Cap :
9,611.7 Cr.
52-wk low :
386.1
52-wk high :
673.3
Bole Toh?

1. Is E.I.D. - Parry (India) Ltd 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.

2. Is E.I.D. - Parry (India) Ltd 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.

3. Is E.I.D. - Parry (India) Ltd 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.

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
E.I.D. - Parry (India) Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 9.6%4.7%7.4%0.7%14.7%9.6%8.1%3.8%14%10.6%-
Value Creation Index -0.3-0.7-0.5-1.00.1-0.3-0.4-0.70.0-0.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,9921,7822,0822,6012,3702,0591,8451,8752,0242,4962,976
YoY Gr. Rt. %--10.6%16.8%25%-8.9%-13.1%-10.4%1.6%8%23.3%-
Adj EPS 9.10.77.6-5.615.49.37.40.319.716.219.3
YoY Gr. Rt. %--92%958.3%-173%NA-39.6%-20.8%-96.2%6917.9%-17.8%-
BVPS (₹) 76.372.577.672.98492.596.696.6146.2155.5161.3
Adj Net Profit 15912.7134-97.82721651315348286342
Cash Flow from Ops. -92.8146293945518-19.3-3.9-15.6-37.1439-
Debt/CF from Ops. -19.813.66.31.41.8-52.8-215.1-66.5-150.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 2.5%1%10.6%23.3%
Adj EPS 6.7%0.9%29.8%-17.8%
BVPS 8.213.117.26.3
Share Price 11.7% 11.2% 33.9% 14.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 12.4110.1-7.419.710.67.80.316.210.712.2
Op. Profit Mgn % 12.45.810.32.314.39.3-2.24.78.48.68.2
Net Profit Mgn % 80.76.4-3.811.587.10.317.211.511.5
Debt to Equity 1.41.61.410.60.60.50.60.200
Working Cap Days 268376340221175245318308328267172
Cash Conv. Cycle 99167162907311612813013011356

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 12.20%

Sales growth is growing at healthy rate in last 3 years 10.60%

Net Profit is growing at healthy rate in last 3 years 29.83%

Sales growth is good in last 4 quarters at 56.88%

No data to display

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

Standalone Consolidated
TTM EPS (₹) 19.3 59
TTM Sales (₹ Cr.) 2,976 30,670
BVPS (₹.) 161.3 323.4
Reserves (₹ Cr.) 2,845 5,724
P/BV 3.36 1.67
PE 28.13 9.17
From the Market
52 Week Low / High (₹) 386.05 / 673.30
All Time Low / High (₹) 5.21 / 673.30
Market Cap (₹ Cr.) 9,612
Equity (₹ Cr.) 17.8
Face Value (₹) 1
Industry PE 10.7

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

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.030.030.030.030.030.030.190.190.190.19
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

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

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

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

Company share prices are keep on changing according to the market conditions. The closing price of E.I.D. Parry (I) on 01-Feb-2023 18:03 is : 541.5.
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 01-Feb-2023 18:03 the market cap of E.I.D. Parry (I) stood at ₹ 9,611.7.
The latest PE ratio of E.I.D. Parry (I) as of 01-Feb-2023 18:03 is 28.13.
The latest PB ratio of E.I.D. Parry (I) as of 01-Feb-2023 18:03 is 3.36
The 52-week high of E.I.D. Parry (I) is ₹ 673.3 and the 52-week low is ₹ 386.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of E.I.D. Parry (I) is ₹ 2,976 ( 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.
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