EID Parry (India) Ltd

EID Parry (India) Ltd

₹ 826 0.41%
21 Nov - close price
About

EID Parry is engaged in Sugar, Nutraceuticals and ethanol production. It also has a significant presence in the Farm Inputs business including Bio pesticides through its subsidiary, Coromandel International Limited. [1]

Key Points

Part of Murugappa Group
The company is part of the Murugappa group of companies, which is a 123-year-old conglomerate with a presence across India and the world with diverse businesses in agriculture, engineering, financial services, and more. [1]

  • Market Cap 14,661 Cr.
  • Current Price 826
  • High / Low 880 / 495
  • Stock P/E 897
  • Book Value 164
  • Dividend Yield 0.48 %
  • ROCE 3.69 %
  • ROE 3.01 %
  • Face Value 1.00

Pros

  • Company has been maintaining a healthy dividend payout of 73.6%

Cons

  • Stock is trading at 5.04 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 8.77% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 7.83% over last 3 years.
  • Earnings include an other income of Rs.173 Cr.
  • Working capital days have increased from 111 days to 172 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
438 686 921 722 644 725 807 698 726 668 717 751 755
440 634 740 725 632 679 590 725 726 659 570 801 796
Operating Profit -2 52 181 -4 12 45 218 -27 -1 9 147 -50 -41
OPM % -0% 8% 20% -0% 2% 6% 27% -4% -0% 1% 20% -7% -5%
117 6 128 59 114 17 -45 12 132 16 20 21 116
Interest 13 11 10 8 9 8 10 12 7 7 17 20 16
Depreciation 30 30 32 33 35 33 34 35 36 37 39 41 44
Profit before tax 72 16 267 14 81 21 128 -62 87 -20 110 -89 15
Tax % -1% -12% 16% 9% -5% 25% 35% -26% 1% -33% 27% -12% -89%
73 18 225 13 85 16 83 -46 86 -14 80 -79 28
EPS in Rs 4.13 1.03 12.69 0.74 4.80 0.89 4.66 -2.58 4.85 -0.77 4.52 -4.43 1.59
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
1,992 1,782 2,081 2,601 2,248 1,921 1,845 1,875 2,024 2,489 2,895 2,809 2,891
1,759 1,683 1,863 2,540 1,903 1,754 1,876 1,780 1,854 2,280 2,626 2,681 2,827
Operating Profit 233 99 218 61 345 167 -31 94 171 209 268 128 64
OPM % 12% 6% 10% 2% 15% 9% -2% 5% 8% 8% 9% 5% 2%
373 163 171 97 157 126 372 141 1,101 269 147 179 173
Interest 137 196 151 167 140 113 113 136 93 46 36 44 60
Depreciation 108 97 102 112 111 113 114 120 120 120 135 147 161
Profit before tax 361 -31 136 -122 252 67 114 -20 1,058 312 245 115 15
Tax % 8% -185% -9% -24% -13% -50% -43% -109% 18% 9% 20% 7%
332 27 148 -92 284 101 163 2 865 284 197 107 16
EPS in Rs 18.87 1.51 8.43 -5.24 16.13 5.71 9.22 0.10 48.83 15.98 11.09 6.03 0.91
Dividend Payout % 32% 0% 36% 0% 25% 53% 33% 0% 0% 69% 86% 66%
Compounded Sales Growth
10 Years: 5%
5 Years: 9%
3 Years: 12%
TTM: -2%
Compounded Profit Growth
10 Years: 41%
5 Years: -7%
3 Years: -31%
TTM: -93%
Stock Price CAGR
10 Years: 14%
5 Years: 35%
3 Years: 20%
1 Year: 68%
Return on Equity
10 Years: 8%
5 Years: 8%
3 Years: 8%
Last Year: 3%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 18 18 18 18 18 18 18 18 18 18 18 18 18
Reserves 1,329 1,262 1,352 1,265 1,460 1,620 1,696 1,696 2,576 2,742 2,864 2,902 2,891
1,834 1,977 1,845 1,319 943 1,018 832 1,090 603 147 547 1,074 754
454 573 681 1,128 1,019 1,386 1,339 1,266 1,077 1,168 557 673 543
Total Liabilities 3,635 3,829 3,895 3,730 3,440 4,042 3,885 4,069 4,275 4,075 3,986 4,667 4,206
1,230 1,481 1,481 1,508 1,480 1,391 1,287 1,329 1,118 1,244 1,271 1,387 1,660
CWIP 62 49 24 33 8 5 11 19 112 15 84 284 33
Investments 871 545 683 811 786 878 979 999 1,010 1,119 992 1,074 1,057
1,472 1,754 1,708 1,378 1,166 1,768 1,607 1,722 2,034 1,698 1,639 1,922 1,457
Total Assets 3,635 3,829 3,895 3,730 3,440 4,042 3,885 4,069 4,275 4,075 3,986 4,667 4,206

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-93 146 293 945 518 -19 -4 -16 -37 439 -367 -78
-188 143 -1 -95 27 45 397 -32 645 269 76 -276
261 -262 -323 -808 -594 -26 -393 57 -605 -690 269 346
Net Cash Flow -20 27 -31 42 -48 -1 0 10 3 18 -21 -8

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 39 51 46 36 34 26 32 32 36 21 26 31
Inventory Days 228 319 285 147 187 316 258 274 252 207 185 222
Days Payable 71 116 131 173 72 163 108 125 80 72 54 64
Cash Conversion Cycle 197 253 201 9 150 178 182 180 208 157 157 190
Working Capital Days 157 148 109 -47 -20 -21 0 30 116 44 117 172
ROCE % 9% 4% 9% 2% 15% 10% 7% 4% 14% 12% 12% 4%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
44.66% 44.64% 44.61% 44.56% 44.55% 44.55% 44.52% 44.52% 42.24% 42.24% 42.24% 42.23%
8.21% 8.76% 10.21% 11.51% 11.65% 11.27% 10.40% 9.03% 8.71% 8.85% 10.22% 10.66%
4.10% 4.26% 4.45% 4.46% 4.44% 4.92% 4.76% 4.52% 4.92% 11.88% 12.45% 13.29%
43.04% 42.34% 40.73% 39.46% 39.36% 39.26% 40.32% 41.94% 44.12% 37.04% 35.09% 33.83%
No. of Shareholders 69,72975,30376,12178,19482,50379,93788,1421,07,6401,08,2461,07,0111,18,9281,26,722

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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