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

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

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

545.65 0.05 0.01%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on E.I.D. Parry (I)

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

E.I.D. - Parry (India) stock performance -

mw4me loader
P/E Ratio (SA):
88.38
Market Cap:
9,685.4 Cr.
52-wk low:
433.3
52-wk high:
663.8

Is E.I.D. - Parry (India) Ltd an attractive stock to invest in?

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 Weak which suggest that the price of E.I.D. - Parry (India) Ltd is likely to Fall 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 4.7%7.4%0.7%14.3%8.8%2.9%3.8%14%10.4%6.1%-
Value Creation
Index
-0.7-0.5-1.00.1-0.4-0.8-0.70.0-0.2-0.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,7822,0822,6012,2481,9211,8451,8752,0242,4892,8952,899
Sales YoY Gr.-16.8%25%-13.6%-14.6%-4%1.6%8%23%16.3%-
Adj EPS 0.77.6-5.614.98.2-0.30.319.715.99.36.2
YoY Gr.-958.3%-173%NA-44.8%-103.7%NA6917.9%-19.2%-41.4%-
BVPS (₹) 72.577.672.98492.596.696.6146.2155.5162.1160
Adj Net
Profit
12.7134-97.8262146-5.25348282165110
Cash Flow from Ops. 146293945518-19.3-3.9-15.6-37.1439-367-
Debt/CF from Ops. 13.66.31.41.8-52.8-215.1-66.5-150.2-1.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 5.5%8.5%15.6%16.3%
Adj EPS 32.9%2.5%221.5%-41.4%
BVPS9.4%11.9%18.8%4.3%
Share Price 15.3% 21.7% 19% 24.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
110.1-7.4199.3-0.30.316.210.55.93.8
Op. Profit
Mgn %
5.810.32.314.68.7-2.24.78.48.48.86.9
Net Profit
Mgn %
0.76.4-3.811.77.6-0.30.317.211.35.73.8
Debt to
Equity
1.61.410.60.60.50.60.200.2-
Working Cap
Days
37634022118325130330131926020365
Cash Conv.
Cycle
167162908012912813013011410028

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 15.58%

Net Profit is growing at healthy rate in last 3 years 221.45%

Return on Equity has declined versus last 3 years average to 3.80%

Sales growth is not so good in last 4 quarters at -2.59%

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

Standalone Consolidated
TTM EPS (₹) 6.2 48.4
TTM Sales (₹ Cr.) 2,899 30,716
BVPS (₹.) 160 387.5
Reserves (₹ Cr.) 2,823 6,861
P/BV 3.41 1.41
PE 88.38 11.28
From the Market
52 Week Low / High (₹) 433.30 / 663.75
All Time Low / High (₹) 5.21 / 673.30
Market Cap (₹ Cr.) 9,685
Equity (₹ Cr.) 17.8
Face Value (₹) 1
Industry PE 14.5

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

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.030.030.190.190.190.190.030.030.030.03
* 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 (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales1,7822,0822,6012,2481,9211,8451,8752,0242,4892,895
Operating Expenses 1,6831,8852,5421,9211,7631,8871,7941,8542,2812,640
Manufacturing Costs163175198190170154161150194266
Material Costs1,2031,3822,0081,4311,2691,3771,2761,3891,7371,929
Employee Cost 122126134123133144158136131153
Other Costs 196201201177191213199180219292
Operating Profit 9919760327158-4281171209255
Operating Profit Margin (%) 5.5%9.5%2.3%14.6%8.2%-2.3%4.3%8.4%8.4%8.8%
Other Income 16319298166203212155385283272
Interest 196151167140113113136934636
Depreciation 97102112111113114120120120135
Exceptional Items 0000-87350715-14-111
Profit Before Tax -31136-12224248-22-201,058312245
Tax -58-12-29-32-34-49-221942848
Profit After Tax 27148-9227481272865284197
PAT Margin (%) 1.5%7.1%-3.5%12.2%4.2%1.5%0.1%42.7%11.4%6.8%
Adjusted EPS (₹)1.58.4-5.215.64.61.50.148.816.011.1
Dividend Payout Ratio (%)0%36%0%26%65%194%0%0%69%86%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 1,2791,3691,2821,4771,6361,7101,7092,5892,7582,877
Share Capital 18181818181818181818
Reserves 1,2621,3521,2651,4591,6191,6921,6912,5712,7402,859
Minority Interest0000000000
Debt1,7861,60286275070772790243483463
Long Term Debt9286736615692753524107979111
Short Term Debt8579292021824323754923554353
Trade Payables300338479281568408436305340281
Others Liabilities 7819091,1068691,062985948946894364
Total Liabilities 4,1464,2193,7303,3783,9743,8303,9964,2754,0753,986

Fixed Assets

Gross Block2,3902,4441,6301,6871,7041,7011,8591,7171,9592,101
Accumulated Depreciation909963122233339436555632746874
Net Fixed Assets1,4811,4811,5081,4541,3651,2651,3041,0851,2131,227
CWIP 4924338511191121598
Investments 5456837747868789799991,0101,119992
Inventories1,0501,0798097351,098973957957986979
Trade Receivables247265254210134162162201146207
Cash Equivalents 63421066102515304412
Others Assets710646245179483416540879553472
Total Assets 4,1464,2193,7303,3783,9743,8303,9964,2754,0753,986

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 146293945518-19-4-16-37439-367
PBT -31136-12225778187-201,058312245
Adjustment 15611922215757-164157-860-4549
Changes in Working Capital 2442847147-140-12-150-209199-665
Tax Paid -3-4-3-42-14-15-3-27-275
Cash Flow From Investing Activity 140-1-952745397-3264526976
Capex -130-64-53-39-48-58-101-131-151-145
Net Investments 2662-13-16745417-18-4
Others 462-30821944965759438225
Cash Flow From Financing Activity -262-323-808-594-26-39357-605-690269
Net Proceeds from Shares 0001100384
Net Proceeds from Borrowing 133-204141-357-176-13085-343-9953
Interest Paid -171-157-153-147-102-99-134-114-38-32
Dividend Paid 0-35-18-700-10600-195-98
Others -22472-778-20251-57106-150-366342
Net Cash Flow 24-3142-48-1010318-21
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)2.0311.24-6.9619.865.231.630.1140.2410.66.99
ROCE (%)5.148.891.5715.26.333.524.3739.0411.918.97
Asset Turnover Ratio0.450.510.680.660.530.470.480.490.60.72
PAT to CFO Conversion(x)5.411.98N/A1.89-0.23-0.15-8-0.041.55-1.86
Working Capital Days
Receivable Days46443536322931332522
Inventory Days182181128120172204188172142123
Payable Days83847497122129121976859

E.I.D. - Parry (India) Ltd Stock 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 28-Mar-2024 16:01 is ₹545.6.
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 28-Mar-2024 16:01 the market cap of E.I.D. Parry (I) stood at ₹9,685.4.
The latest P/E ratio of E.I.D. Parry (I) as of 28-Mar-2024 16:01 is 88.38.
The latest P/B ratio of E.I.D. Parry (I) as of 28-Mar-2024 16:01 is 3.41.
The 52-week high of E.I.D. Parry (I) is ₹663.8 and the 52-week low is ₹433.3.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of E.I.D. Parry (I) is ₹2,899 ( 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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