E.I.D. - Parry (India) Ltd.
Snapshot View

436.55 -1.40 ▼-0.3%

30 July 2021, 04:00:00 P.M.
Volume: 122,284

Overview View Details

Sector Agriculture Compare with Sector peers
Industry Sugar Compare with Industry peers
Website http://www.eidparry.com
Financial Indicators
Market Cap 7,736.72 Cr.
Earnings per share (EPS) 25.26 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) 17.29 Trailing Twelve Months Ending 2021-03
Industry PE 25.13 Trailing Twelve Months Ending 2021-03
Book Value / Share 258.78 Trailing Twelve Months Ending 2021-03
Price to Book Value 1.69 Calculated using Price: 436.85
Dividend Yield 1.37 Period Ending 2020-03
No. of Shares Subscribed 17.71 Cr. 177,102,391 Shares
FaceValue 1
Company Profile

E.I.D. Parry (India) Limited is a listed company engaged in the business of Sugar and Nutraceuticals. Headquartered in ‘Dare House’ a heritage building, in Chennai, India, the Company is a part of the Murugappa Group, one of India’s leading business conglomerates. Founded in 1788, ‘Parry’ has been a household name for over 225 years. The Company holds the distinction of setting up India’s first sugar plant at Nellikuppam in 1842 and even today continues to pioneer new paths in each of its businesses.

Amongst the leading sugar manufacturers in India, E.I.D. Parry’s sugar plants are spread across South India. These state-of-the-art plants with huge sugarcane crushing capacity, co-generation capacity and Distillery capacity across units are located at Nellikuppam, Pugalur, Pudukottai, Pettavathalai and Sivaganga in Tamil Nadu, Ariyur in Puducherry, Sankili in Andhra Pradesh and Bagalkot, Haliyal and Ramdurg in Karnataka.

E.I.D. Parry is a pioneer and world leader in organic spirulina and micro algal products in the Nutraceuticals space. The highly specialised manufacturing Plants of the Nutraceuticals business for micro algal production are located at Oonaiyur and Saveripuram in Tamil Nadu. The Company also retains a significant presence in the farm inputs business through its subsidiary Coromandel International Limited.

Business area of the company

E.I.D. Parry (India), a leading player in sugar with interests in promising areas of Bio-Pesticides and Nutraceuticals, is one of the oldest companies in India and one of the top five sugar producers in the country. The company has many sugar plants spread across South India. The integrated sugar units have been designed to optimize process efficiencies, increase sugarcane recovery ratio and increase energy efficiency through reduced steam and power consumption. E.I.D. Parry continues to be one of the leading producers of international quality sugar, through its innovative process and farmer centric practices.

Products

  • Sugar
  • Nutraceuticals
  • Sanitizer

Awards and recognitions

2015-16

  • E.I.D. Parry recognised as “Best Performing Company” and Winner in the ‘Sugar’ Sector by Dun & Bradstreet.

2016-17

  • E.I.D. Parry received special recognition for “Commitment to Engagement” from AON Hewitt.
  • Pudukottai plant secured First prize in the National level TPM Circle competition conducted by TPM club of CII.
  • E.I.D. Parry recognised as “Best Performing Company” and Winner in the ‘Sugar’ Sector by Dun & Bradstreet (Second year in succession).
  • E.I.D. Parry secured “Best Overall Excellence in CSR” award given by National CSR.
  • Nellikuppam plant rated as “Excellent Energy efficient unit” by CII for Excellence in Energy management held at Hyderabad.
  • Pudukottai plant secured “Energy efficiency unit” award from CII.

2017-18

  • Nellikuppam plant bagged awards for “Most Innovative Environmental Project” and “Most useful Environmental Project” at the Greenco Summit / CII Environmental Best Practices Meet.
  • Nellikuppam unit was awarded certificate by CII for “Strong Commitment to Food Safety” for 2017.

2018-19

  • Distillery unit at Sivaganga received award from CII for MOST INNOVATIVE ENVIRONMENTAL PROJECT under the head “Waste Management & Recycling”. The award was presented in the 7th edition of “GreenCo Summit 2018,” held on 27th & 28th June 18 at Chennai
  • Parry’s wins the ‘Economic Times Best Brands 2019’ award!
  • E.I.D. Parry’s Aranthangi unit received an Award for “TPM Excellence-Category A”, from the Japan Institute of Plant Maintenance

History and milestones

  • 1788: On July 17th, Thomas Parry, one of the first British traders to see the future that existed in India’s rural areas, establishes his business in India.
  • 1789: Thomas Parry, while also trading in his own name, joins with Thomas Chase in the partnership firm of Chase and Parry.
  • 1790: The firm becomes Chase Parry and Co., with Henry Sewell becoming the third partner.
  • 1792: The partnership is wound up and Parry concentrates on his own trading.
  • 1795: The firm of Thomas Parry and Co. is founded.
  • 1803: Parry acquires the corner site where Parry’s headquarters is still situated.
  • 1819: Parry ventures into partnership with John William Dare and christens the firm “Parry & Dare”.
  • 1834: Parry buys land in Wynaad to develop coffee plantations.
  • 1839: The company is known as Parry & Co. for the first time, a name that is to remain unchanged till 1928.
  • 1842: Parry’s first venue into sugar. Exports of the commodity begin and the Vandipalayam sugar factory, the firm’s first industrial venture is established not far from Cuddalore in what is now south Arcot.
  • 1845: Parry gets its first distillery license. The Nellikuppam sugar factory is opened.
  • 1897: The East India Distilleries and Sugar Factories Limited (EID) is formed in London with John Henry Tod as first Chairman. Parry is appointed as the Managing Agents of the new company which takes over Parrys’ industrial assets.
  • 1906: The Presidency Manure Works begins manufacture of superphosphate and sulphuric acid in Ranipet. Parry enters the fertilizer and chemical business.
  • 1908: The ceramics business commences, with acid jars being made in Ranipet.
  • 1914: E.I.D establishes a confectionary factory in Nellikuppam to be managed by Parry.
  • 1918: Parry’s Engineering Limited is established in Calcutta.
  • 1928: Parry becomes Limited Liability Company and is now known as Parry & Company Limited.
  • 1939: Construction of Dare House begins.
  • 1952: Production of Vitreous Sanitary ware commences at Ranipet.
  • 1961: E.I.D plays a leading role in the promotion of Coromandel Fertilizers Limited.
  • 1975: E.I.D. – Parry (India) Limited is formed and registered in Chennai (Erstwhile Madras).
  • 1981: E.I.D-Parry (EIDP) becomes a part of the Murugappa Group.
  • 2003: Demerger of Farm Inputs Division to Coromandel International Limited (CIL) and CIL Issued shares to E.I.D. Parry Shareholders. Divestment of entire investment in Parrys Confectionery Limited to Lotte Confectionery Company-Korea. Delisting of Equity Shares from London Stock Exchange.
  • 2004: Launches first ever branded sugar -- Parry’s Pure Refined Sugar. Disinvestment of Netlon, General Marketing and Travels Division to Parry Enterprises India Limited.
  • 2005: Sub-Division of equity shares from Rs.10/- per share to Rs.2/- per share. Formation of 50:50 joint venture with ROCA of Spain-World Leaders in Bathroom Products. Acquisition of assets of New Horizon Sugar Mills Limited Puducherry.
  • 2006: Setting up of 18MW Cogen Power Plant at Pudukkottai. Execution of Joint Venture Agreement with Cargill Asia Pacific Holdings PTE Limited and formation of Joint Venture Company-Silk road Sugar Private Limited. Amalgamation of Parry Nutraceuticals Limited with the Company pursuant to High Court order.
  • 2007: Commissions 22MW co-generation power plant at Pugalur factory. Acquiring 51% stake in Phytoremedies Bio Labs Private Limited now called as Parry Phytoremedies Private Limited - Pune, who are specialists in extraction of Carotenoid Lycopene. Sells off majority stake in Parryware Roca Private Limited. Commission of 60KLPD distillery plant at Sivaganga.
  • 2008: Makes strategic investment in US Nutraceuticals LLC-USA through acquisition of 48% stake.
  • 2009: Acquires 76% stake in Sadashiva Sugars Limited and enters the state of Karnataka.
  • 2010: Acquires a majority stake in Parrys Sugar Industries Limited (previously known as GMR Industries Limited) via open offer. Subdivides face value of equity shares from Rs.2 per share to Re.1 per share Sells off entire holding in Roca Bathroom Products Private Limited. Increased the throughput sugarcane capacity to 32500 TCD and co-generation to 146 MW.
  • 2011: Consolidation of operations at Parry Sugar Industries Limited and Sadashiva Sugars Limited. Increased Equity Stake to 100% in Sadashiva Sugars Limited. Increased Voting Rights to 100% in US Nutraceuticals Limited.
  • 2012: The Joint Venture Company, Silkroad becoming a Subsidiary (99%) after EID acquires the entire stake of its Joint Venture Partner, Cargill Asia Pacific Holdings P.T.E. Two units of Parrys Sugar Industries Limited namely Haliyal unit and Sankili unit was merged with E.I.D.-Parry (India) Limited in the year 2012.
  • 2014: Sadashiva Sugars Limited was merged with E.I.D. Parry (India) Limited in the year 2014.
  • 2015: Parry Phytoremedies Private Limited was merged with E.I.D. Parry (India) Limited in the year 2015.
  • 2017: Parrys Sugar Industries Limited was merged with E.I.D.-Parry (India) Limited in the year 2017.
  • 2018: Sale of Bio pesticides Business and Divestment of entire shareholding in Parry America Inc., to Coromandel International Limited, Subsidiary Company
  • 2020: The Company forayed into the disinfectants market with the launch of its brand Handkleen and Sterisafe sanitizer.
  • 2020: Seizing the demand opportunity in sanitisers due to the pandemic outbreak, the Company launched ‘HandKleen’ and ‘Sterisafe’ brand of sanitisers for the retail space, leveraging on the Parry brand.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
-0.32%
1 Week
+5.82%
1 Month
+2.39%
3 Month
+26.19%
6 Month
+28.36%
1 Year
+55.72%
2 Year
+210.27%
5 Year
+67.97%
9 years 2012-03 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) 22.63 14.99 9.03 11.93 7.67 27.58 18.12 14.39 26.91
Return on Capital Employed (%) 17.52 12.39 10.90 12.73 10.59 18.82 17.06 16.07 21.69
Return on Assets (%) 5.35 3.09 1.81 2.25 1.31 5.15 3.71 2.88 5.78

Balance Sheet View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds 2,424 2,433 2,417 2,227 2,387 2,750 2,970 3,128 3,519
Non Curr. Liab. 1,614 2,352 1,842 1,399 1,227 960 501 536 1,119
Curr. Liab. 6,132 6,715 6,469 8,377 9,477 8,516 9,790 10,912 8,590
Minority Int. 928 933 931 897 1,040 1,138 1,266 1,325 1,707
Equity & Liab. 11,097 12,433 11,659 12,899 14,131 13,364 14,528 15,901 14,936
Non Curr. Assets 4,001 4,725 4,542 4,161 4,181 3,904 3,856 3,898 4,488
Curr. Assets 7,097 7,708 7,117 8,738 9,950 9,460 10,672 12,003 10,448
Misc. Exp. not W/O
Total Assets 11,097 12,433 11,659 12,899 14,131 13,364 14,528 15,901 14,936

Profit Loss View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 12,492 11,383 12,114 13,953 15,358 14,391 15,373 16,556 17,129
Other Income 107 105 109 115 155 159 237 112 130
Total Income 12,599 11,488 12,223 14,068 15,513 14,550 15,610 16,668 17,259
Total Expenditure -11,287 -10,367 -11,215 -12,945 -14,517 -12,965 -14,068 -15,110 -15,241
PBIDT 1,312 1,121 1,008 1,123 996 1,585 1,542 1,557 2,018
Interest -294 -388 -465 -420 -451 -417 -336 -425 -430
Depreciation -190 -215 -226 -244 -250 -248 -251 -272 -319
Taxation -267 -155 -97 -179 -144 -211 -351 -399 -377
Exceptional Items -36 -1 -4 25 -87 -24
PAT 527 363 219 276 177 708 517 437 891

Cash Flow View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. 370 838 1,591 222 437 1,969 259 -52 1,986
Cash Fr. Inv. -981 -962 -229 -307 -190 -148 13 -358 -292
Cash Fr. Finan. 648 -503 -1,263 -142 -221 -1,842 42 34 -1,769
Net Change 37 -627 100 -228 26 -21 314 -376 -75
Cash & Cash Eqvt 1,016 396 464 237 252 231 545 171 106

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 44.77 44.77 44.77 44.77 44.77 44.77 44.75 44.74 44.74
Public 55.23 55.23 55.23 55.23 55.23 55.23 55.25 55.26 55.26
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.08 0.05 0.05 0.05 0.03 0.03 0.03 0.03 0.03

Announcements View Details

Wed, 28 Jul 2021
Disclosures Of Related Party Transactions Under Regulation 23(9) Of SEBI (LODR) Regulations 2015
Disclosures Of Related Party Transactions Under Regulation 23(9) Of SEBI (LODR) Regulations 2015
Thu, 22 Jul 2021
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018
Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations 2018 for the quarter ended June 30 2021
Tue, 20 Jul 2021
Shareholding for the Period Ended June 30 2021
EID Parry India Ltd has submitted to BSE the Shareholding Pattern for the Period Ended June 30 2021. For more details kindly Click here

Technical Scans View Details

Fri, 30 Jul 2021
Stock Outperforming Benchmark Index in both 1 Week and 3 Month Stock Outperforming Benchmark Index in both 1 Week and 3 Month
Stock Outperforming Sectoral Index in both 1 Week and 3 Month Stock Outperforming Sectoral Index in both 1 Week and 3 Month
Increasing Relative Strength - Benchmark index Increasing Relative Strength - Benchmark index
Increasing Relative Strength - Sectoral Index Increasing Relative Strength - Sectoral Index
Close Within 2 Year High Zone Close Within 2 Year High Zone

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