EID Parry (India) Ltd

EID Parry (India) Ltd

₹ 789 1.21%
22 Jul 4:01 p.m.
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

Business Segments & Revenue split FY23
Product Segment:Sugar (~70%): Manufacture, sale, and marketing of sugar in various forms. The Sugar is sold both to trade and institutions and also to consumers through retail channels.

  • Market Cap 14,051 Cr.
  • Current Price 789
  • High / Low 833 / 453
  • Stock P/E 15.6
  • Book Value 398
  • Dividend Yield 1.21 %
  • ROCE 20.5 %
  • ROE 13.7 %
  • Face Value 1.00

Pros

  • Company has delivered good profit growth of 41.5% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 19.7%

Cons

* 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.

Peer comparison

Sector: Sugar Industry: Sugar

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
3,877 4,354 6,978 6,529 5,666 7,146 11,326 9,914 6,860 7,026 9,059 7,770 5,557
3,607 3,920 6,233 5,915 5,050 6,453 10,378 9,013 6,245 6,363 8,006 7,358 5,098
Operating Profit 270 434 746 613 616 693 948 901 615 664 1,053 412 459
OPM % 7% 10% 11% 9% 11% 10% 8% 9% 9% 9% 12% 5% 8%
38 59 26 29 91 105 30 -59 5 -11 151 41 123
Interest 40 34 42 38 38 45 79 87 87 82 74 53 86
Depreciation 81 81 82 84 88 88 92 91 105 94 101 112 113
Profit before tax 186 379 648 521 581 665 807 664 428 477 1,029 288 382
Tax % 67% 26% 27% 24% 26% 26% 30% 27% 33% 32% 24% 25% 23%
62 280 470 395 429 494 565 482 287 325 782 217 294
EPS in Rs -0.36 7.49 13.75 12.85 17.05 15.57 13.60 14.13 10.08 6.13 25.48 6.66 12.41
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
11,383 12,114 13,952 15,358 14,391 15,373 16,556 17,129 18,556 23,521 35,244 29,413
10,356 11,212 12,938 14,517 12,965 14,068 15,105 15,242 16,467 21,146 32,252 26,825
Operating Profit 1,027 902 1,014 841 1,426 1,305 1,450 1,887 2,089 2,375 2,992 2,588
OPM % 9% 7% 7% 5% 10% 8% 9% 11% 11% 10% 8% 9%
95 105 105 179 159 150 83 129 17 240 247 304
Interest 388 465 420 451 417 336 425 430 236 152 298 295
Depreciation 215 226 244 250 248 251 272 319 332 334 376 421
Profit before tax 519 315 455 319 920 868 837 1,266 1,539 2,129 2,564 2,175
Tax % 30% 31% 39% 45% 23% 40% 48% 30% 35% 26% 29% 26%
363 219 276 175 708 517 438 889 1,000 1,574 1,828 1,618
EPS in Rs 11.77 4.44 6.64 1.96 29.61 14.45 8.67 26.43 25.26 51.12 53.37 50.68
Dividend Payout % 74% 62% 89% 0% 14% 21% 35% 0% 0% 22% 18% 20%
Compounded Sales Growth
10 Years: 9%
5 Years: 12%
3 Years: 17%
TTM: -17%
Compounded Profit Growth
10 Years: 28%
5 Years: 41%
3 Years: 23%
TTM: -3%
Stock Price CAGR
10 Years: 15%
5 Years: 37%
3 Years: 24%
1 Year: 68%
Return on Equity
10 Years: 13%
5 Years: 15%
3 Years: 16%
Last Year: 14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 18 18 18 18 18 18 18 18 18 18 18 18
Reserves 2,415 2,399 2,209 2,370 2,733 2,952 3,110 3,502 4,565 5,308 6,067 7,040
5,199 4,288 4,823 5,144 3,923 4,470 5,125 4,347 1,229 1,259 1,618 1,740
4,802 4,954 5,849 6,600 6,691 7,088 7,649 7,069 7,444 9,358 11,076 12,694
Total Liabilities 12,433 11,659 12,899 14,131 13,364 14,528 15,901 14,936 13,257 15,943 18,778 21,493
3,851 3,788 3,476 3,343 3,297 3,197 3,077 3,858 3,583 3,763 3,876 4,926
CWIP 489 163 75 77 39 54 203 85 206 160 499 490
Investments 180 358 369 688 569 430 418 413 453 563 609 1,275
7,914 7,350 8,979 10,022 9,459 10,847 12,203 10,579 9,014 11,456 13,794 14,802
Total Assets 12,433 11,659 12,899 14,131 13,364 14,528 15,901 14,936 13,257 15,943 18,778 21,493

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
838 1,591 222 437 1,969 259 -52 1,986 4,771 2,278 359 1,972
-956 -260 -307 -192 -148 13 -357 -282 -548 -1,732 487 -1,740
-503 -1,263 -142 -221 -1,842 42 34 -1,769 -3,598 -499 -184 -497
Net Cash Flow -621 68 -227 23 -21 314 -375 -65 625 47 661 -265

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 65 52 45 49 47 43 46 45 17 9 8 23
Inventory Days 118 123 138 124 127 134 175 131 112 111 81 112
Days Payable 122 128 141 145 170 174 172 141 124 114 84 122
Cash Conversion Cycle 61 48 42 27 4 3 49 35 6 6 5 12
Working Capital Days 108 73 84 88 87 90 115 104 60 41 39 50
ROCE % 11% 9% 11% 9% 16% 16% 14% 18% 21% 26% 27% 20%

Shareholding Pattern

Numbers in percentages

2 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
44.68% 44.66% 44.64% 44.61% 44.56% 44.55% 44.55% 44.52% 44.52% 42.24% 42.24% 42.24%
7.81% 8.21% 8.76% 10.21% 11.51% 11.65% 11.27% 10.40% 9.03% 8.71% 8.85% 10.22%
4.40% 4.10% 4.26% 4.45% 4.46% 4.44% 4.92% 4.76% 4.52% 4.92% 11.88% 12.45%
43.11% 43.04% 42.34% 40.73% 39.46% 39.36% 39.26% 40.32% 41.94% 44.12% 37.04% 35.09%
No. of Shareholders 72,53169,72975,30376,12178,19482,50379,93788,1421,07,6401,08,2461,07,0111,18,928

* 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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Documents

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