EID Parry (India) Ltd

EID Parry (India) Ltd

₹ 604 -0.26%
19 Apr - 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 10,727 Cr.
  • Current Price 604
  • High / Low 664 / 452
  • Stock P/E 12.5
  • Book Value 375
  • Dividend Yield 1.57 %
  • ROCE 27.4 %
  • ROE 16.2 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 27.2% CAGR over last 5 years

Cons

  • Promoter holding has decreased over last quarter: -2.28%

* 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

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
4,701 3,877 4,354 6,978 6,529 5,666 7,146 11,326 9,914 6,860 7,026 9,059 7,770
4,136 3,607 3,920 6,233 5,915 5,050 6,453 10,378 9,013 6,245 6,363 8,006 7,358
Operating Profit 565 270 434 746 613 616 693 948 901 615 664 1,053 412
OPM % 12% 7% 10% 11% 9% 11% 10% 8% 9% 9% 9% 12% 5%
-104 38 59 26 29 91 105 30 -59 5 -11 151 41
Interest 48 40 34 42 38 38 45 79 87 87 82 74 53
Depreciation 83 81 81 82 84 88 88 92 91 105 94 101 112
Profit before tax 330 186 379 648 521 581 665 807 664 428 477 1,029 288
Tax % 26% 67% 26% 27% 24% 26% 26% 30% 27% 33% 32% 24% 25%
245 62 280 470 395 429 494 565 482 287 325 782 217
EPS in Rs 6.02 -0.36 7.49 13.75 12.85 17.05 15.57 13.60 14.13 10.08 6.13 25.48 6.66
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
12,491 11,383 12,114 13,952 15,358 14,391 15,373 16,556 17,129 18,556 23,521 35,244 30,716
11,290 10,356 11,212 12,938 14,517 12,965 14,068 15,105 15,242 16,467 21,146 32,252 27,972
Operating Profit 1,202 1,027 902 1,014 841 1,426 1,305 1,450 1,887 2,089 2,375 2,992 2,744
OPM % 10% 9% 7% 7% 5% 10% 8% 9% 11% 11% 10% 8% 9%
75 95 105 105 179 159 150 83 129 17 240 247 186
Interest 294 388 465 420 451 417 336 425 430 236 152 298 296
Depreciation 190 215 226 244 250 248 251 272 319 332 334 376 412
Profit before tax 793 519 315 455 319 920 868 837 1,266 1,539 2,129 2,564 2,221
Tax % 34% 30% 31% 39% 45% 23% 40% 48% 30% 35% 26% 29%
527 363 219 276 175 708 517 438 889 1,000 1,574 1,828 1,610
EPS in Rs 18.01 11.77 4.44 6.64 1.96 29.61 14.45 8.67 26.43 25.26 51.12 53.37 48.35
Dividend Payout % 22% 74% 62% 89% 0% 14% 21% 35% 0% 0% 22% 18%
Compounded Sales Growth
10 Years: 12%
5 Years: 18%
3 Years: 27%
TTM: -10%
Compounded Profit Growth
10 Years: 16%
5 Years: 27%
3 Years: 26%
TTM: -18%
Stock Price CAGR
10 Years: 14%
5 Years: 25%
3 Years: 24%
1 Year: 20%
Return on Equity
10 Years: 12%
5 Years: 14%
3 Years: 16%
Last Year: 16%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 17 18 18 18 18 18 18 18 18 18 18 18 18
Reserves 2,406 2,415 2,399 2,209 2,370 2,733 2,952 3,110 3,502 4,565 5,308 6,067 6,635
4,583 5,199 4,288 4,823 5,144 3,923 4,470 5,125 4,347 1,229 1,259 1,618 878
4,091 4,802 4,954 5,849 6,600 6,691 7,088 7,649 7,069 7,444 9,358 11,076 11,367
Total Liabilities 11,097 12,433 11,659 12,899 14,131 13,364 14,528 15,901 14,936 13,257 15,943 18,778 18,898
3,108 3,851 3,788 3,476 3,343 3,297 3,197 3,077 3,858 3,583 3,763 3,876 4,776
CWIP 605 489 163 75 77 39 54 203 85 206 160 499 392
Investments 156 180 358 369 688 569 430 418 413 453 563 609 1,142
7,229 7,914 7,350 8,979 10,022 9,459 10,847 12,203 10,579 9,014 11,456 13,794 12,589
Total Assets 11,097 12,433 11,659 12,899 14,131 13,364 14,528 15,901 14,936 13,257 15,943 18,778 18,898

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
370 838 1,591 222 437 1,969 259 -52 1,986 4,771 2,278 359
-979 -956 -260 -307 -192 -148 13 -357 -282 -548 -1,732 487
648 -503 -1,263 -142 -221 -1,842 42 34 -1,769 -3,598 -499 -184
Net Cash Flow 39 -621 68 -227 23 -21 314 -375 -65 625 47 661

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 36 65 52 45 49 47 43 46 45 17 9 8
Inventory Days 96 118 123 138 124 127 134 175 131 112 111 81
Days Payable 92 122 128 141 145 170 174 172 141 124 114 84
Cash Conversion Cycle 40 61 48 42 27 4 3 49 35 6 6 5
Working Capital Days 85 108 73 84 88 87 90 115 104 60 41 39
ROCE % 16% 11% 9% 11% 9% 16% 16% 14% 18% 21% 26% 27%

Shareholding Pattern

Numbers in percentages

1 Recently
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.

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