EID Parry (India) Ltd

EID Parry (India) Ltd

₹ 728 1.05%
14 Jun - 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

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 12,923 Cr.
  • Current Price 728
  • High / Low 750 / 452
  • Stock P/E 121
  • Book Value 164
  • Dividend Yield 1.30 %
  • ROCE 4.29 %
  • ROE 3.69 %
  • Face Value 1.00

Pros

  • Company has been maintaining a healthy dividend payout of 107%

Cons

  • Stock is trading at 4.43 times its book value
  • 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 8.07% over last 3 years.
  • Earnings include an other income of Rs.179 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.

Peer comparison

Sector: Sugar Industry: Sugar

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
564 450 438 686 921 722 644 725 807 698 726 668 717
407 466 440 634 740 725 632 679 590 725 726 659 570
Operating Profit 158 -16 -2 52 181 -4 12 45 218 -27 -1 9 147
OPM % 28% -4% -0% 8% 20% -0% 2% 6% 27% -4% -0% 1% 20%
122 12 117 6 128 59 114 17 -45 12 132 16 20
Interest 17 11 13 11 10 8 9 8 10 12 7 7 17
Depreciation 28 28 30 30 32 33 35 33 34 35 36 37 39
Profit before tax 234 -44 72 16 267 14 81 21 128 -62 87 -20 110
Tax % 28% 25% -1% -12% 16% 9% -5% 25% 35% 26% 1% 33% 27%
169 -33 73 18 225 13 85 16 83 -46 86 -14 80
EPS in Rs 9.52 -1.87 4.13 1.03 12.69 0.74 4.80 0.89 4.66 -2.58 4.85 -0.77 4.52
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
1,992 1,782 2,081 2,601 2,248 1,921 1,845 1,875 2,024 2,489 2,895 2,809
1,759 1,683 1,863 2,540 1,903 1,754 1,876 1,780 1,854 2,280 2,626 2,681
Operating Profit 233 99 218 61 345 167 -31 94 171 209 268 128
OPM % 12% 6% 10% 2% 15% 9% -2% 5% 8% 8% 9% 5%
373 163 171 97 157 126 372 141 1,101 269 147 179
Interest 137 196 151 167 140 113 113 136 93 46 36 44
Depreciation 108 97 102 112 111 113 114 120 120 120 135 147
Profit before tax 361 -31 136 -122 252 67 114 -20 1,058 312 245 115
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
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
Dividend Payout % 32% 0% 36% 0% 25% 53% 33% 0% 0% 69% 86% 166%
Compounded Sales Growth
10 Years: 5%
5 Years: 9%
3 Years: 12%
TTM: -3%
Compounded Profit Growth
10 Years: 44%
5 Years: -3%
3 Years: -27%
TTM: -62%
Stock Price CAGR
10 Years: 14%
5 Years: 34%
3 Years: 19%
1 Year: 56%
Return on Equity
10 Years: 8%
5 Years: 8%
3 Years: 8%
Last Year: 4%

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
Equity Capital 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
1,834 1,977 1,845 1,319 943 1,018 832 1,090 603 147 547 1,074
454 573 681 1,128 1,019 1,386 1,339 1,266 1,077 1,168 557 673
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
1,230 1,481 1,481 1,508 1,480 1,391 1,287 1,329 1,118 1,244 1,258 1,387
CWIP 62 49 24 33 8 5 11 19 112 15 98 284
Investments 871 545 683 811 786 878 979 999 1,010 1,119 992 1,074
1,472 1,754 1,708 1,378 1,166 1,768 1,607 1,722 2,034 1,698 1,639 1,922
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

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 53 64
Cash Conversion Cycle 197 253 201 9 150 178 182 180 208 157 158 190
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%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
44.74% 44.68% 44.66% 44.64% 44.61% 44.56% 44.55% 44.55% 44.52% 44.52% 42.24% 42.24%
8.28% 7.81% 8.21% 8.76% 10.21% 11.51% 11.65% 11.27% 10.40% 9.03% 8.71% 8.85%
3.89% 4.40% 4.10% 4.26% 4.45% 4.46% 4.44% 4.92% 4.76% 4.52% 4.92% 11.88%
43.09% 43.11% 43.04% 42.34% 40.73% 39.46% 39.36% 39.26% 40.32% 41.94% 44.12% 37.04%
No. of Shareholders 68,36972,53169,72975,30376,12178,19482,50379,93788,1421,07,6401,08,2461,07,011

* 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.

Click on the line-items to see the names of individual entities.

Documents

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