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Last Updated on: 30 May, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of EID Parry (India) Ltd

About the Company - EID Parry (India) Ltd

EID Parry (India) Ltd. is a Public Limited Listed company incorporated on 22/09/1975 and has its registered office in the State of Tamil Nadu, India. Company’s Corporate Identification Number(CIN) is L24211TN1975PLC006989 and registration number is 006989. Currently Company is involved in the business activities of Manufacture or refining of sugar (sucrose) from sugercane. Company’s Total Operating Revenue is Rs. 2496.30 Cr. and Equity Capital is Rs. 17.74 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Fertilisers�Dare House�, Chennai (Madras) Tamil Nadu 600001investorservices@parry.murugappa.com
http://www.eidparry.com
Management
NamePosition Held
Mr. M M VenkatachalamChairman
Mr. S SureshManaging Director
Mr. Muthiah MurugappanWholeTime Director & CEO
Mr. Ajay B BaligaIndependent Director
Mr. T KrishnakumarIndependent Director
Dr.(Ms.) Rca GodboleIndependent Director
Ms. Meghna ApparaoIndependent Director
Mr. S DurgashankarIndependent Director
Mr. Ramesh K B MenonDirector
Mr. Sridharan RangarajanDirector

Basic Stock Data of EID Parry (India) Ltd

Last Updated: May 23, 2024, 3:24 pm

Market Cap 11,484 Cr.
Current Price 647
High / Low667/452
Stock P/E13.4
Book Value 375
Dividend Yield1.47 %
ROCE27.4 %
ROE16.2 %
Face Value 1.00
PEG Ratio1.04

EID Parry (India) Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales4,7013,8774,3546,9786,5295,6667,14611,3269,9146,8607,0269,0597,770
Expenses4,1363,6073,9206,2335,9155,0506,45310,3789,0136,2456,3638,0067,358
Operating Profit5652704347466136166939489016156641,053412
OPM %12%7%10%11%9%11%10%8%9%9%9%12%5%
Other Income-104385926299110530-595-1115141
Interest48403442383845798787827453
Depreciation83818182848888929110594101112
Profit before tax3301863796485215816658076644284771,029288
Tax %26%67%26%27%24%26%26%30%27%33%32%24%25%
Net Profit24562280470395429494565482287325782217
EPS in Rs6.02-0.367.4913.7512.8517.0515.5713.6014.1310.086.1325.486.66

Last Updated: May 5, 2024, 1:12 pm

EID Parry (India) Ltd Quarterly Chart

EID Parry (India) Ltd Profit & Loss

Last Updated: May 27, 2024, 5:21 am

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales12,49111,38312,11413,95215,35814,39115,37316,55617,12918,55623,52135,24430,716
Expenses11,29010,35611,21212,93814,51712,96514,06815,10515,24216,46721,14632,25227,972
Operating Profit1,2021,0279021,0148411,4261,3051,4501,8872,0892,3752,9922,744
OPM %10%9%7%7%5%10%8%9%11%11%10%8%9%
Other Income75951051051791591508312917240247186
Interest294388465420451417336425430236152298296
Depreciation190215226244250248251272319332334376412
Profit before tax7935193154553199208688371,2661,5392,1292,5642,221
Tax %34%30%31%39%45%23%40%48%30%35%26%29%
Net Profit5273632192761757085174388891,0001,5741,8281,610
EPS in Rs18.0111.774.446.641.9629.6114.458.6726.4325.2651.1253.3748.35
Dividend Payout %22%74%62%89%0%14%21%35%0%0%22%18%

EID Parry (India) Ltd Profit & Loss Yearly Chart

EID Parry (India) Ltd Growth

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:12%
5 Years:27%
3 Years:14%
1 Year:27%
Return on Equity
10 Years:13%
5 Years:15%
3 Years:16%
Last Year:14%

Last Updated: May 23, 2024, 3:24 pm

EID Parry (India) Ltd Balance Sheet

Last Updated: May 2, 2024, 6:12 am

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital17181818181818181818181818
Reserves2,4062,4152,3992,2092,3702,7332,9523,1103,5024,5655,3086,0676,635
Borrowings4,5835,1994,2884,8235,1443,9234,4705,1254,3471,2291,2591,618878
Other Liabilities4,0914,8024,9545,8496,6006,6917,0887,6497,0697,4449,35811,07611,367
Total Liabilities11,09712,43311,65912,89914,13113,36414,52815,90114,93613,25715,94318,77818,898
Fixed Assets3,1083,8513,7883,4763,3433,2973,1973,0773,8583,5833,7633,8764,776
CWIP6054891637577395420385206160499392
Investments1561803583696885694304184134535636091,142
Other Assets7,2297,9147,3508,97910,0229,45910,84712,20310,5799,01411,45613,79412,589
Total Assets11,09712,43311,65912,89914,13113,36414,52815,90114,93613,25715,94318,77818,898

EID Parry (India) Ltd Reserves and Borrowings Chart

EID Parry (India) Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 3708381,5912224371,969259-521,9864,7712,278359
Cash from Investing Activity -979-956-260-307-192-14813-357-282-548-1,732487
Cash from Financing Activity 648-503-1,263-142-221-1,8424234-1,769-3,598-499-184
Net Cash Flow39-62168-22723-21314-375-6562547661

EID Parry (India) Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days3665524549474346451798
Inventory Days9611812313812412713417513111211181
Days Payable9212212814114517017417214112411484
Cash Conversion Cycle4061484227434935665
Working Capital Days851087384888790115104604139
ROCE %16%11%9%11%9%16%16%14%18%21%26%27%

EID Parry (India) Ltd Financial Efficiency Indicators Chart

EID Parry (India) Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters44.74%44.68%44.66%44.64%44.61%44.56%44.55%44.55%44.52%44.52%42.24%42.24%
FIIs8.28%7.81%8.21%8.76%10.21%11.51%11.65%11.27%10.40%9.03%8.71%8.85%
DIIs3.89%4.40%4.10%4.26%4.45%4.46%4.44%4.92%4.76%4.52%4.92%11.88%
Public43.09%43.11%43.04%42.34%40.73%39.46%39.36%39.26%40.32%41.94%44.12%37.04%
No. of Shareholders68,36972,53169,72975,30376,12178,19482,50379,93788,1421,07,6401,08,2461,07,011

EID Parry (India) Ltd Shareholding Pattern Chart

No. of EID Parry (India) Ltd Shareholders

EID Parry (India) Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
HSBC Small Cap Fund - Regular Plan22994500.92106.13
Quant Small Cap Fund16594020.876.59
Canara Robeco Small Cap Fund15953580.9473.63
Bank of India Tax Advantage Fund2000001.079.23
Bank of India Tax Advantage Fund - Eco Plan2000001.079.23
Canara Robeco Value Fund1700000.857.85
Bank of India Small Cap Fund1050000.674.85
ITI Flexi Cap Fund920291.044.25
JM Value Fund602920.972.78
Nippon India Nifty Smallcap 250 Index Fund590110.382.72

EID Parry (India) Ltd ROCE Trend

EID Parry (India) Ltd EPS Trend

EID Parry (India) Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)53.3951.1725.2726.438.67
Diluted EPS (Rs.)53.2551.1725.2726.348.63
Cash EPS (Rs.)126.33107.5075.0768.3740.10
Book Value[Excl.RevalReserv]/Share (Rs.)537.41456.59385.58295.27251.55
Book Value[Incl.RevalReserv]/Share (Rs.)537.41456.59385.58295.27251.55
Revenue From Operations / Share (Rs.)1985.571326.261049.55967.74935.34
PBDIT / Share (Rs.)182.13148.14125.16114.0187.99
PBIT / Share (Rs.)160.92129.31106.4395.9972.60
PBT / Share (Rs.)146.61119.9886.8071.6747.27
Net Profit / Share (Rs.)105.1288.6756.3450.3524.71
NP After MI And SOA / Share (Rs.)53.3851.1225.2626.438.67
PBDIT Margin (%)9.1711.1611.9211.789.40
PBIT Margin (%)8.109.7510.149.917.76
PBT Margin (%)7.389.048.277.405.05
Net Profit Margin (%)5.296.685.365.202.64
NP After MI And SOA Margin (%)2.683.852.402.730.92
Return on Networth / Equity (%)15.5717.029.7613.294.90
Return on Capital Employeed (%)27.7125.9625.0726.4025.31
Return On Assets (%)5.045.683.373.110.95
Long Term Debt / Equity (X)0.010.010.010.170.14
Total Debt / Equity (X)0.190.150.121.071.56
Asset Turnover Ratio (%)0.290.280.200.180.19
Current Ratio (X)1.491.521.541.221.10
Quick Ratio (X)0.750.770.830.700.57
Inventory Turnover Ratio (X)0.570.680.510.370.48
Dividend Payout Ratio (NP) (%)10.3021.510.000.0083.39
Dividend Payout Ratio (CP) (%)7.3715.720.000.0030.05
Earning Retention Ratio (%)89.7078.490.000.0016.61
Cash Earning Retention Ratio (%)92.6384.280.000.0069.95
Interest Coverage Ratio (X)10.8417.309.414.693.67
Interest Coverage Ratio (Post Tax) (X)7.1111.455.713.072.09
Enterprise Value (Cr.)11474.309775.427673.487807.779570.53
EV / Net Operating Revenue (X)0.320.410.410.450.57
EV / EBITDA (X)3.553.723.463.876.15
MarketCap / Net Operating Revenue (X)0.230.340.300.140.22
Retention Ratios (%)89.6978.480.000.0016.60
Price / BV (X)1.361.511.230.701.16
Price / Net Operating Revenue (X)0.230.340.300.140.22
EarningsYield0.110.110.070.180.04

EID Parry (India) Ltd Profitability Ratios (%)

EID Parry (India) Ltd Liquidity Ratios

EID Parry (India) Ltd Liquidity Ratios (%)

EID Parry (India) Ltd Interest Coverage Ratios (%)

EID Parry (India) Ltd Valuation Ratios

Fair Value

Fair Value: ₹826.02

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 27.67% compared to the current price ₹647

Intrinsic Value: ₹932.07

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 44.06% compared to the current price ₹647

Last 5 Year EPS CAGR: 12.84%

*Investments are subject to market risks

Strength and Weakness of EID Parry (India) Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 16.17%, which is a positive sign.
  2. The company has shown consistent growth in sales (17.77 cr) and profit (387.23 cr) over the years.
  1. The stock has a high average Working Capital Days of 81.17, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 27.17, which may not be favorable.
  3. The company has higher borrowings (3,606.62) compared to reserves (3,590.08), which may suggest financial risk.

FAQ

What is the latest fair value of EID Parry (India) Ltd?

The latest fair value of EID Parry (India) Ltd is ₹826.02.

What is the Market Cap of EID Parry (India) Ltd?

The Market Cap of EID Parry (India) Ltd is 11,484 Cr..

What is the current Stock Price of EID Parry (India) Ltd as on 30 May 2024?

The current stock price of EID Parry (India) Ltd as on 30 May 2024 is ₹647.

What is the High / Low of EID Parry (India) Ltd stocks in FY 2024?

In FY 2024, the High / Low of EID Parry (India) Ltd stocks is 667/452.

What is the Stock P/E of EID Parry (India) Ltd?

The Stock P/E of EID Parry (India) Ltd is 13.4.

What is the Book Value of EID Parry (India) Ltd?

The Book Value of EID Parry (India) Ltd is 375.

What is the Dividend Yield of EID Parry (India) Ltd?

The Dividend Yield of EID Parry (India) Ltd is 1.47 %.

What is the ROCE of EID Parry (India) Ltd?

The ROCE of EID Parry (India) Ltd is 27.4 %.

What is the ROE of EID Parry (India) Ltd?

The ROE of EID Parry (India) Ltd is 16.2 %.

What is the Face Value of EID Parry (India) Ltd?

The Face Value of EID Parry (India) Ltd is 1.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in EID Parry (India) Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE