EID Parry Limited is an Indian public company engaged in the manufacture and marketing of sugar and bio-products, headquartered in Chennai. EID Parry has been in business since 1788, making it the oldest surviving mercantile name in Chennai. It has many firsts to its credit, including the manufacturing of fertilizers (1906) for the first time in the Indian subcontinent.
EID Parry (India) Ltd, incorporated in 1978, is one of the leading agri-business companies in India. Headquartered in Chennai, the company is engaged in the production and distribution of sugar, bio-pesticides, bio-fertilizers, organic manure, nutraceuticals, and other agri-inputs. The company has evolved from its humble beginnings in 1788 to become a diversified agri-business enterprise with a rich legacy spanning over 235 years.
The company operates through four operating segments: sugar, cogeneration, distillery, and nutraceuticals. The sugar business produces sugar from the crushing of sugarcane and generates a major part of the revenue for the company.
Sugar Division
The sugar division contributes to over 65% of EID Parry's turnover, and around 20% of the sugar production in Tamil Nadu is from EID. These state-of-the-art plants with a combined sugarcane crushing capacity of 40,300 TCD, co-generation capacity of 140 MW, and Distillery capacity of 417 KLPD are located at Nellikuppam, Pugalur, and Sivaganga in Tamil Nadu, Sankili in Andhra Pradesh, and Bagalkot, Haliyal, and Ramdurg in Karnataka. EID Parry set up India's first sugar plant at Nellikuppam in 1842.
Distillery Operations
The distillery segment produces ethanol from molasses, a byproduct of sugarcane, which is then blended with gasoline for powering vehicles. Indian sugar maker E.I.D.-Parry reported a 46% rise in fourth-quarter profit before tax and exceptional items on Tuesday, boosted by strong performance in its distillery segment following recent capacity expansions. The company posted a 1.7% slide in revenue from its mainstay sugar segment, which was offset by a 19.8% rise in its distillery segment, which produces ethanol.
Co-generation Business
The co-generation business produces bagasse, a byproduct of sugarcane, which is used in generating power. The company's co-generation facilities have a combined capacity of 140 MW, contributing to its sustainable business model by utilizing agricultural waste.
Nutraceuticals and Bio-Products
The nutraceuticals unit produces organic products that target the human health and wellness market. The bio-products business makes eco-friendly products from natural resources. Currently, the core of this business is the Neemazal range of products made from neem seed kernel at the company's production facility at Thyagavalli near Cuddalore, Tamil Nadu.
EID Parry has a Market Cap of ₹19,580 Crore (up 46.2% in 1 year), a Revenue of ₹31,609 Crore, and a Profit of ₹1,773 Crore. The company has a low return on equity of 13.0% over the last 3 years. EID Parry (India) Ltd has a market capitalization of ₹19,735 Crore.
Recent Financial Highlights (Q4 FY25)
- EID Parry's March 2025 net sales reached ₹6,811.12 Crore, up 22.57% YoY. Net profit rose 30.05% to ₹286.52 Crore, with EBITDA increasing 8.45%.
- EPS improved to ₹16.14.
- Revenue: ₹6,811.12 Crore as on March 2025 (Q4 FY25). Net Profit: ₹539.44 Crore as on March 2025 (Q4 FY25).
Annual Performance (FY24)
- For the year ended 2024, EID Parry (India) Ltd had posted a profit of ₹1,617.57 Crore on a total income of ₹29,413.11 Crore.
Promoter Holding: 41.6%. Promoter holding in EID Parry (India) Ltd has gone down to 41.61% as of March 2025 from 42.24% as of June 2024. Listing date: November 17, 1994. Chairperson Name: M M Venkatachalam.
The company is part of the Murugappa Group, one of India's leading business conglomerates. Dividend payout has been low at 14.6% of profits over last 3 years, indicating the company's focus on reinvesting profits for growth and expansion.
The stock has delivered 8.48% returns over the last 6 months and 39.94% over the last year. The EID Parry (India) Ltd's 52-week high share price is ₹1,129.85 and 52-week low share price is ₹639.30.
EID Parry's stock is recommended for long-term investors, with an expected 41% upside based on its valuation and strong performance in fertilizers and sugar segments. Analysts have set an Eid Parry target price of ₹1,105, a slight upside of 4.59% compared to the current price of ₹1,110, according to 1 analyst rating.
EID Parry has a strong presence in the Indian agri-inputs market and is one of the leading producers of sugar and bio-fertilizers in India. The company continues to focus on operational excellence, capacity expansion, and diversification into high-value segments like nutraceuticals and bio-products.
The company's strategic positioning in the sugar industry, combined with its diversified business model encompassing distillery operations, co-generation, and nutraceuticals, provides multiple revenue streams and positions it well for sustainable growth. The company has operations that span North America, Europe, India, and other regions of the world.
EID Parry's legacy of innovation, strong market position, and commitment to sustainability make it a significant player in India's agri-business sector, offering investors exposure to both traditional sugar operations and emerging opportunities in bio-products and renewable energy segments.
