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

Small Cap
Evaluated by 1636 users | BSE: 500125 | NSE: EIDPARRY |
Sugar
EIDParry (I), established in 1788, is engaged in the business of manufacturing and marketing of sugar and bio products. The company was incorporated in 1975. Later in 1981, the company became part of Murugappa group. The company's two units located at Pudukottai and Nellikuppam have...

Analysis of Financial Track Record

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 not performed well majority of the past ten years indicating its past ten year financial track record is not good
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 5.36%8.99%9.64%4.66%7.41%0.66%14.71%9.61%7.93%3.73%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 1,2711,5421,9921,7822,0822,6012,3702,0591,8451,875
Y-o-Y Gr. Rt.-21.3%29.2%-10.6%16.8%25%-8.9%-13.1%-10.4%1.6%
Adjusted EPS (Rs.) 3.447.529.050.727.62-5.5615.449.327.170.22
Y-o-Y Gr. Rt.-118.6%20.4%-92%958.3%-173%NA-39.6%-23.1%-96.9%
Book Value per Share (Rs.) 66.0969.7976.3272.4977.5972.9483.9692.4596.6196.56
Adjusted Net Profit 59.513115912.7134-97.82721651273.8
Net Op. Cash Flow (Rs. Cr.) -108-7-92.8146293945518-19.3-3.9-15.6
Debt to Cash Flow from Ops -6.03-126.82-19.7613.566.31.41.82-52.75-215.06-66.52
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
E.I.D. Parry (India) Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 4.4%-2.1%-7.5%1.6%
Adjusted EPS -26.3%-50.8%-75.8%-96.9%
Book Value per Share 4.34.54.8-0.1
Share Price 2.5% 9.6% -9.5% 62.5%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 5.311.0212.40.9610.12-7.3819.6810.597.570.22
Operating Profit Margin (%) 1.776.7612.375.7710.342.3314.259.27-2.184.74
Net Profit Margin (%) 4.688.477.980.716.44-3.7611.468.016.870.2
Debt to Equity 0.570.731.371.551.351.030.640.620.490.61
Working Capital Days 224266268376340221175245318308
Cash Conversion Cycle 47641201941629072117130132
Entity Percentage Holding
Promoters 44.77%
Institutions 9.92%
Non-Institutions 45.31%
Pledged *0.110.110.110.080.080.050.050.050.030.03
* Pledged shares as % of Promoter's holding (%)

MoneyWorks4Me analysed the past 10-year performance of E.I.D. Parry (India) Ltd. and arrived at the following conclusion:

Past 10 year's financial track record indicates that E.I.D. Parry (India) Ltd. is a below average quality company. However, for specific investment actions please connect with your investment advisor.

The 5-year analysis of E.I.D. Parry (India) Ltd.'s performance infers:

E.I.D. Parry (India) Ltd. earnings have declined by -50.8%, whereas share price has appreciated 9.6% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of E.I.D. Parry (India) Ltd. share prices over the last 10 years. Here is what we found out:

E.I.D. Parry (India) Ltd. share price has appreciated 0.8% annually over the past ten years.

EIDParry (I), established in 1788, is engaged in the business of manufacturing and marketing of sugar and bio products. The company was incorporated in 1975. Later in 1981, the company became part of Murugappa group. The company's two units located at Pudukottai and Nellikuppam have received ISO 14001 certifications for quality management. It also has captive power plants with a capacity of 18 MW and 22 MW located at Pudukottai and Pugalur, respectively.

The company owns

EIDParry (I), established in 1788, is engaged in the business of manufacturing and marketing of sugar and bio products. The company was incorporated in 1975. Later in 1981, the company became part of Murugappa group. The company's two units located at Pudukottai and Nellikuppam have received ISO 14001 certifications for quality management. It also has captive power plants with a capacity of 18 MW and 22 MW located at Pudukottai and Pugalur, respectively.

The company owns subsidiaries namely Coromandel Fertilisers, Parry Chemicals, Parrys Sugar, Parry Infrastructure Company, Parry America Inc, Parrys Investments, Coromandel Bathware and Phytoremedies Biolabs.

The company has many firsts to add to its credential such as EID Parry is the first private sector company to set up an in-house R&D.  It is the only sugar company to network with the rural community through services provided by indiaagriline.com.  It is the first company to establish a full-fledged tissue culture lab to produce 3.5 million plantlets and it became first company in India to breed an indigenous cane hybrid variety.

The company’s Agritech Research Centre located at Bangalore focuses on sugar, bio pesticides and organic fertilizers. This facility operates laboratories for tissue culture, natural products, microbiology, analytical chemistry and germ plasm storage.

In 2011 Sadashiva Sugars Ltd become a wholly owned subsidiary of the Company.

Products

  • Sugars- Under sugar, EID Parry operates 5 plants located at Nellikuppam, Pugalur, Pudukottai, Pettavaithallai and Puducherry. The company has a combined crushing capacity of all the five plants is 15800 (TCD) metric tonnes of cane per day. From the by-products of sugar manufacturing, the company manufactures alcohol, bio-fertiliser, power and ethanol. The company also manufactures rectified spirit with a manufacturing capacity of 45kl/day.
  • Bio Products- The bio products division of the company is a world leader in the plant extract based bio pesticides business. The company’s azadirachtin based product range-NEEMAZAL is registered in over 30 countries that include Argentina, Brazil, Australia and Korea and many more.
  • Nutraceuticals- Under this, the company has product portfolio that includes astaxanthin and  haematococeus algae, natural mixed carotenoids, Astaxanthin and Lutein (all carotenoid products).

Awards

EID Parry’s Pudukottai Plant received the “Excellent Water Efficient Unit” and “Innovative Case Study” for the year 2006-07 at the National Award for Excellence in Water Management conducted by CII-Godrej GBC. 

The company’s Nellikuppam Unit bagged the “State Energy Conservation Award” for the year 2007.

2012 -Best Sugar Cane Development Award for the season 2011-12 in Andhra Pradesh state from SISTA (South Indian Sugarcane & Sugar Technologists’ Association).'

Murugappa Group

EIDParry (I) is a part of $2.4 billion (Rs 8,594 crore) Murugappa Group. The group has business interest in areas of engineering, abrasives, finance, general insurance, fertilisers, farm inputs, sugar, bio-products, nutraceuticals, cycles and plantations. It has 29 limited companies under its umbrella, with manufacturing facilities spread across 13 states in India. The group has employee strength of over 30,000 people. Besides EIDParry (I), the group owns company namely Cholamandalam DBS, Cholamandalam MS General Insurance, EID Parry, Parry Agro and TI of India.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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