Sector Alpha Week of 2026-09-11
Not SEBI Registered !! Not Investment advice !!
Sector Alpha — machine-written from the numbers · Data as of 2026-09-11

EID Parry (India) Ltd

EIDPARRY
Sugar

EID Parry (India) Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it.

The sharpest disagreement: Domestic institutions moved +4.2 points over 8 quarters while the operating story went the other way — someone close to the numbers is not convinced.

The price is in a downtrend (32 weeks in) while the P/E sits at the 72nd percentile of its own 10-year range. Underneath, the last four quarters read deteriorating — profit −32.8% year on year, and 114% of the last 3 years' profit arrived as cash. What settles it: whether the register turns back in the story’s favour.

Stage
Deteriorating
partial read
Price
₹721
−32.8% 1Y
P/E
15.8×
72nd pctile
of its own 10-year range
Revenue (Jun 26)
₹9,018 Cr
+3.4% YoY
Profit (Jun 26)
₹312 Cr
−32.8% YoY
Operating margin
8.0%
−1.0 pp YoY
ROCE
17%
FY26
Cash conversion
114%
of profit, last 3 FY
Withheld from this page: Part of this page is deliberately not drawn: its two data sources disagree by up to 66% on reported income across 14 comparable periods, so nothing from the second source is placed here — the quarterly PEG curve, the quarterly return curves, the annual return-on-invested-capital overlay, the total-debt and debt-to-equity series and the F-score and the return-on-invested-capital reading are absent for that reason. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data. The quarterly history also begins where the primary source begins: 6 earlier quarters the second source carries are not spliced in front of it. Extending a reported profit series is stricter than showing a ratio chart — it needs a source that has been checked.
01 · Price story

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

EID Parry (India) Ltd trades at ₹721, in a downtrend and 32 weeks into that stage. That is −13.4% against its own 200-day average. It sits at 5% of a 52-week range of ₹704 to ₹1,072. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 6 straight weeks.

Today the stock is in a downtrend — week 32 of stage 4, confirmed. At ₹721 it trades −13.4% versus its 200-day average and sits at 5% of its 52-week range (₹704–₹1,072).

Sep 26: ₹721 Weekly closing price (₹) with 50- and 200-day averages; shaded bands mark the price stage (grey base, green advance, amber top, red decline). 3-year window.
−13.4% versus the 200-day line, week 32 of stage 4
Price50-day avg200-day avg
S1S2S2S4₹1,263₹1,052₹840₹629₹417₹721₹832Sep 23Jun 24Mar 25Dec 25Sep 26
S1S2S2S4₹1,263₹1,052₹840₹629₹417₹721₹832Sep 23Mar 25Sep 26
Beating or trailing, week by week since 2016 Each cell is one week from 2016 to now (552 weeks): the stock's trailing 13-week return minus the NIFTY 500's, green ahead / red behind (±25% ramp). Grey cells are the 13-week warm-up or weeks where the NIFTY 500 reading is not held.
trailing 13-week return vs the NIFTY 500
Mar 16Sep 26

Against the market, two honest reads. Cumulative: over the last 10.5 years the stock moved +276% while the NIFTY 500 moved +267% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 6 straight weeks — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

02 · Valuation

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

EID Parry (India) Ltd trades at 15.8× P/E, at the pricey end of its own range (72nd percentile). Its long-run median P/E is 11.6×, measured across 10.2 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 15.8× is at the pricey end of its own range (72nd percentile), against a long-run median of 11.6× measured over 10.2 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

P/E 15.8× vs a 11.6× long-run median P/E, weekly (left axis); earnings per share, trailing twelve months, weekly (right axis). 10.2-year window; loss-period spikes above 35× shown pinned at the top. The eps (ttm) bars are red where the reading is lower than the quarter before.
at the pricey end of its own range (72nd percentile)
P/EMedianEPS (TTM) (quarterly)
37.2×₹64.128.5×₹48.119.8×₹32.111.0×₹16.02.3×₹0.0×15.80×₹46Jul 16Jan 19Aug 21Mar 24Sep 26
37.2×₹64.128.5×₹48.119.8×₹32.111.0×₹16.02.3×₹0.0×15.80×₹46Jul 16Aug 21Sep 26
P/E
15.8×
72nd percentile of 10y

Why the multiple sits where it does: over the past year annual EPS moved −35.2% against a −32.8% price move — the price outran earnings, pushing the multiple UP its own range.

The price move, decomposed: over 5y, of the +12.2%/yr price move, ~+6.7%/yr came from earnings growth and ~+5.5 pp from the multiple (expanding); over 10y, of the +11.5%/yr price move, ~+14.0%/yr came from earnings growth and ~−2.5 pp from the multiple (compressing). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.

Put together: the multiple is full against its own past, so the story rests on the earnings line underneath it, not the multiple.

A quarterly PEG curve, which only the second data source carries, is not drawn on this page: its two data sources disagree by up to 66% on reported income across 14 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

03 · What the price assumes

What the price assumes This reading works the multiple backwards. It asks one question: what yearly rate of profit growth is a buyer at the market price already paying for? The number is the growth rate that makes eleven years of profit — six years growing, then five fading — add up to that day's market price, once each year is discounted at 11% a year.

Solved at its 13 June 2026 price, EID Parry (India) Ltd was paying for profit growth of about 2.2% a year. Profit itself has compounded 22.9% a year over the past 10 years. Today the market pays 15.8× P/E, the 72nd percentile of its own 10-year range.

What the two numbers say together. The multiple is full against its own past, and the growth the price is paying for is below what this company has actually delivered.

How to hold this number: it is a reading of one day's price, taken on 13 June 2026, not a running figure — every other number on this page, the multiple included, is read off the live quote as of 11 September 2026. A higher price is paying for more growth and a lower price for less, so it moves whenever the price does, and this page does not restate it between measurements.

04 · Stage: Deteriorating

Stage: Deteriorating Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

EID Parry (India) Ltd reads as deteriorating on its fundamental arc. Deteriorating — profit and EPS growth are shrinking (profit growth −38.9% latest against +64.4% at its 12-quarter best), ROCE slipping at 17.0%. The read is built from 8 quarters across 4 curves, on partial evidence.

Growth, year by year: revenue +21.9% in FY26, profit −22.2% Year-over-year growth per fiscal year, %: revenue (left axis); net profit and EPS (right axis — profit growth swings far wider). Zero line drawn. Turnaround-year spikes shown pinned (▲).
Revenue YoYProfit YoYEPS YoY
55%330%36%222%17%115%−2.6%7.3%−22%−100%%%21.9%−22.2%FY16FY21FY26
55%330%36%222%17%115%−2.6%7.3%−22%−100%%%21.9%−22.2%FY16FY21FY26
Three growth curves, twelve quarters Year-on-year growth of trailing-twelve-month revenue (left axis), profit and EPS (right axis — they swing far wider), % at each quarter-end. A missing point means that reading is not held for the quarter.
the trajectory the stage is read from · revenue stabilising, profit rolling over
RevenueProfitEPS
26%74%16%39%6.4%4.7%−3.4%−30%−13%−65%%%15.6%−38.9%−55.1%Sep 23Dec 24Jun 26
26%74%16%39%6.4%4.7%−3.4%−30%−13%−65%%%15.6%−38.9%−55.1%Sep 23Dec 24Jun 26
ROCE Annual readings — the quarterly balance-sheet pieces this curve needs are not held for this stock, so the returns read moves once a year and carries less weight in the call.
the return curve, annual readings
ROCE
28%25%22%19%16%%17%FY23FY24FY26
28%25%22%19%16%%17%FY23FY24FY26
Revenue growth
Steady high
latest +15.6% · span −10.5% to +23.4%
Profit growth
Falling
latest −38.9% · span −38.9% to +64.4%
EPS growth
Falling
latest −55.1% · span −55.1% to +56.4%
ROCE
Falling
latest 17.0% · span 17.0%–27.0%

🚨 Why it matters: falling curves mean every cheap-looking ratio below needs a discount for direction.

Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.

A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.

Compound annual growth rate (%) Compound annual growth rate over each window, %. Revenue, profit and EPS from fiscal-year figures; share price is the price CAGR over the same spans. A dash = that window is not held, or the base was a loss.
1yr3yr5yr10yr
Revenue+21.9%+3.0%+15.7%+9.6%
Profit−22.2%−8.9%+6.7%+22.9%
EPS−35.2%−15.7%+4.9%+32.2%
Share price−32.8%+11.5%+12.2%+11.5%
Revenue YoY (Jun 26)
+3.4%
latest quarter vs a year ago
Profit YoY (Jun 26)
−32.8%
latest quarter vs a year ago
Revenue 10y
9.6%
long-run compound pace
05 · 4-Factor Sector Score

4-Factor Sector Score

50.3/100 — rank 9 of 21 in Sugar · 76% evidence confidence

EID Parry (India) Ltd scores 50.3 out of 100 against the 21 companies it is compared with in Sugar, ranking 9. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

The four contributions add to the total exactly: 17.5 + 18 + 10.3 + 4.5 = 50.3. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

06 · Revenue

Revenue Revenue is the top line: everything the company billed its customers in the period.

EID Parry (India) Ltd reported ₹9,018 Cr of revenue in the Jun 26 quarter, +3.4% year on year. That is the 8th straight quarter of year-on-year growth. Over 10 years it has compounded at 9.6% a year. The last full year, FY26, came in at ₹38,534 Cr. The last four reported quarters add to ₹38,836 Cr.

FY26 revenue came in at ₹38,534 Cr (+21.9% on the year), capping 10 years at 9.6% compound. The latest quarter (Jun 26) printed ₹9,018 Cr, +3.4% year on year — the 8th consecutive quarter of year-over-year growth.

FY26 revenue ₹38,534 Cr (+21.9% YoY) Revenue bars, ₹ Cr (left); YoY growth-% line (right). 11-year window. A bar is red when it is lower than the year before.
9.6% a year over 10 years
RevenueYoY growth
41.6k55%31.2k36%20.8k17%10.4k−2.6%0−22%₹ Cr%₹38,53421.9%FY16FY21FY26
41.6k55%31.2k36%20.8k17%10.4k−2.6%0−22%₹ Cr%₹38,53421.9%FY16FY21FY26
Jun 26: ₹9,018 Cr (+3.4% YoY) Quarterly revenue bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
8th straight quarter of growth
Revenue (quarterly)YoY growth
12.6k33%9.4k19%6.3k3.8%3.1k−11%0−26%₹ Cr%₹9,0183.4%Sep 23Dec 24Jun 26
12.6k33%9.4k19%6.3k3.8%3.1k−11%0−26%₹ Cr%₹9,0183.4%Sep 23Dec 24Jun 26

Pace check: the last four quarters averaged +15.5% growth against the decade's 9.6% — the current year is running faster than its own long-run rate.

Acceleration check: trailing-twelve-month revenue grew +15.6% over the last 4 quarters against +15.5%/yr over the last 8 — stabilising; TTM profit −38.9% vs −10.1%/yr — rolling over.

07 · Operating margin

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

EID Parry (India) Ltd's operating margin is 8.0% in the Jun 26 quarter, −1.0 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 5.0% to 11.0%. The current quarter sits inside that band.

The latest quarter's operating margin is 8.0%, −1.0 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 5.0%–11.0%.

🚨 Why the margin moved: operating margin went −0.9 pp year on year while gross margin went +0.4 pp — the loss came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.

FY26: 9.0% Operating margin by fiscal year, %, line (left); year-on-year change in the margin, in percentage points, line (right). 13-year window.
within a 5.0–11.0% band over 13 years
operating marginYoY change (pp)
11%5.6%9.7%3.5%8.0%1.5%6.3%−0.5%4.5%−2.6%%%9%1%FY14FY20FY26
11%5.6%9.7%3.5%8.0%1.5%6.3%−0.5%4.5%−2.6%%%9%1%FY14FY20FY26
Jun 26: 8.0% operating margin (−1.0 pp YoY) Quarterly operating margin, %, line (left); year-on-year change in the margin, in percentage points, line (right). Last 12 quarters. Operating profit as a share of revenue, per quarter.
Operating marginYoY change (pp)
13%3.6%11%1.5%8.5%−0.5%6.5%−2.5%4.4%−4.6%%%8%−1%Sep 23Dec 24Jun 26
13%3.6%11%1.5%8.5%−0.5%6.5%−2.5%4.4%−4.6%%%8%−1%Sep 23Dec 24Jun 26
08 · Net profit

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

EID Parry (India) Ltd earned ₹312 Cr of net profit in the Jun 26 quarter, −32.8% year on year. Full-year FY26 profit was ₹1,380 Cr. The 10-year compound rate is 22.9%. That is 3.5% of the quarter's revenue. The same quarter a year earlier earned ₹464 Cr. 1 of the last 12 reported quarters were loss-making.

Jun 26 profit was ₹312 Cr, −32.8% year on year. On the full year, FY26 printed ₹1,380 Cr (−22.2%), and the 10-year compound rate is 22.9%.

FY26 profit ₹1,380 Cr (−22.2% YoY) Net profit bars, ₹ Cr (left); YoY growth-% line (right). 11-year window. A bar is red when it is lower than the year before.
22.9% a year over 10 years
Net profitYoY growth
2.0k332%1.5k233%987134%49435%0−64%₹ Cr%₹1,380−22.2%FY16FY21FY26
2.0k332%1.5k233%987134%49435%0−64%₹ Cr%₹1,380−22.2%FY16FY21FY26
Jun 26: ₹312 Cr (−32.8% YoY) Quarterly net profit bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
Net profit (quarterly)YoY growth
868126%55851%248−24%−63−99%−373−174%₹ Cr%₹312−32.8%Sep 23Dec 24Jun 26
868126%55851%248−24%−63−99%−373−174%₹ Cr%₹312−32.8%Sep 23Dec 24Jun 26

🚨 Why profit moved: revenue contributed +3.4% and the margin −1.0 pp — the quarter was revenue-led, with the margin roughly flat.

Pace comparison, last four quarters: profit −37.9% vs revenue +15.5%. Profit is growing slower than sales — costs are eating the growth before it reaches the bottom line.

09 · Cash flow — the router

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 3 fiscal years 114% of EID Parry (India) Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹1,542 Cr of operating cash against ₹1,380 Cr of profit. After ₹2,790 Cr of capital spending, ₹−1,248 Cr was left as free cash.

FY26: operating cash of ₹1,542 Cr against reported profit of ₹1,380 Cr, leaving free cash of ₹−1,248 Cr after ₹2,790 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 114% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

FY26: CFO ₹1,542 Cr vs profit ₹1,380 Cr Operating cash flow and net profit by fiscal year, ₹ Cr; the line is free cash flow (CFO minus capital spending). 11-year window, annual resolution.
114% of 3-year profit arrived as cash
Operating cashNet profitFree cash
5.3k3.5k1.8k0−1.7k₹ Cr₹1,542₹1,380₹−1,248FY16FY21FY26
5.3k3.5k1.8k0−1.7k₹ Cr₹1,542₹1,380₹−1,248FY16FY21FY26
FY26: CFO = 112% of profit (three-year rate 114%) Operating cash as a share of net profit, per fiscal year, % (line). Dashed line = 100% — every unit of profit arriving as cash; outlier years shown pinned.
Conversion100%
325%234%144%54%−37%%112%FY16FY21FY26
325%234%144%54%−37%%112%FY16FY21FY26

Why conversion sits at 114%: the cash cycle held roughly steady between FY21 and FY26 — so conversion tracks profitability rather than the cycle.

Router verdict: the bigger cash user is investment — capital spending ran 3.5× depreciation over three years, so the next section's job is to check what that build-out is buying.

10 · Where the cash goes

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

EID Parry (India) Ltd's cash conversion cycle runs 13 days in FY26, up from 6 days in FY21. Capital spending ran ₹5,918 Cr over the last 3 years. At FY26 sales of ₹38,534 Cr each day of that cycle holds about ₹106 Cr, so roughly ₹1,372 Cr sits inside the business at any moment.

FY26: debtors at 22 days, inventory at 107 days — roughly 3.5 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 13 days, looser than FY21's 6.

The full loop: cash goes out to suppliers and production on day 0; stock waits 107 days to sell; customers pay about 22 days after that; and suppliers themselves are paid at 116 days — netting out to the 13-day cycle.

In money terms: at FY26 sales of ₹38,534 Cr, each day of the cycle holds about ₹106 Cr — so the 13-day loop keeps roughly ₹1,372 Cr sitting inside the business at any moment.

FY26: a 13-day cash cycle Debtor days, inventory days, payable days and the cash conversion cycle by fiscal year. 13-year window.
+7 days vs FY21
Cash cycleInventory daysDebtor daysPayable days
1891398939−11days13d107d22d116dFY14FY17FY20FY23FY26
1891398939−11days13d107d22d116dFY14FY20FY26

On the investment side: capital spending of ₹5,918 Cr over the last 3 fiscal years against ₹1,696 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹357 Cr (FY26) — capacity paid for but not yet earning.

FY26: capex ₹2,790 Cr, work-in-progress ₹357 Cr Capital spending per fiscal year, ₹ Cr (bars); capital work-in-progress, ₹ Cr (line). Quarterly capital-spending history is not held for India — annual is the honest resolution.
a build-out
CapexWork-in-progress
3.0k2.3k1.5k7530₹ Cr₹2,790₹357FY16FY18FY21FY23FY26
3.0k2.3k1.5k7530₹ Cr₹2,790₹357FY16FY21FY26

The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.

11 · Return on capital

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.

EID Parry (India) Ltd earns a ROCE of 17% in FY26. That is up from a trough of 9% in FY14. A return-on-invested-capital spread against the cost of capital is not computable from what is held here. The wiring behind it is 3.6% net margin on 1.32× asset turns.

FY26 ROCE is 17%, recovered from a FY14 trough of 9% — the full ladder below shows the fall and the climb, undoctored.

Why the return is what it is — the wiring (FY26): 3.6% net margin × 1.32× asset turns × 3.33× balance-sheet leverage ≈ 15.8% on equity. Margin does its share; leverage is a meaningful part of the equation.

FY26: ROCE 17% Return on capital employed by fiscal year, % (line). 13-year window, dips included. Dashed line = the 12.0% cost of capital used on this page.
the climb back from FY14's 9%
ROCEWACC
28%23%18%13%7.6%%17%FY14FY17FY20FY23FY26
28%23%18%13%7.6%%17%FY14FY20FY26

The quarterly return curves and the return-on-invested-capital overlay, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 66% on reported income across 14 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

12 · Debt

Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.

EID Parry (India) Ltd carries ₹3,528 Cr of borrowings against ₹8,766 Cr of equity in FY26, a debt-to-equity of 0.40. Operating profit covers the interest bill 8×. Over 5 years borrowings went from ₹1,229 Cr to ₹3,528 Cr. Capital spending ran ₹5,918 Cr across the last 3 of those years.

FY26: borrowings of ₹3,528 Cr against equity of ₹8,766 Cr — a debt-to-equity of 0.40. Operating profit covers the interest bill 8×. Over 5 years borrowings went from ₹1,229 Cr to ₹3,528 Cr while capital spending ran ₹5,918 Cr in just the last 3 — part of the build-out is riding on borrowed money.

FY26: borrowings ₹3,528 Cr at 0.40× equity Borrowings by fiscal year, ₹ Cr (bars); debt-to-equity, × (line). 13-year window. Quarterly balance-sheet history is not held for India — annual is the honest resolution.
the debt trajectory
BorrowingsDebt-to-equity
5.6k2.3×4.2k1.8×2.8k1.2×1.4k0.6×00.1×₹ Cr×₹3,5280.40×FY14FY17FY20FY23FY26
5.6k2.3×4.2k1.8×2.8k1.2×1.4k0.6×00.1×₹ Cr×₹3,5280.40×FY14FY20FY26

The total-debt and debt-to-equity series, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 66% on reported income across 14 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

13 · Ownership

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

Domestic institutions added 4.2 points of EID Parry (India) Ltd over 8 quarters, the biggest move on the register. That takes domestic institutions to 16.7% of the company. Promoters moved −1.0 points over the same window, to 41.3%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Domestic institutions: +4.2 points over 8 quarters to 16.7%; Promoters: −1.0 points over 8 quarters to 41.3%; Foreign institutions: +1.0 points over 8 quarters to 11.2%.

Why the register moved: domestic institutions drove it (+4.2 points), absorbed on the other side by promoters (−1.0 points) — steady accumulation by institutions reading the same numbers this page reads.

Fiscal-year ends: promoters −0.8 pts from Mar 24 to Mar 26 Shareholding at each fiscal-year end (March quarter), % of the company. 3 year-ends held.
PromotersForeign inst.Domestic inst.Public
45%35%26%16%6.2%%41.5%12.2%16.8%29.6%Mar 24Mar 25Mar 26
45%35%26%16%6.2%%41.5%12.2%16.8%29.6%Mar 24Mar 25Mar 26
Domestic institutions added 4.2 points over 8 quarters Shareholding by holder class, % of the company, quarterly, last 13 quarters.
PromotersForeign inst.Domestic inst.Public
48%36%25%13%1.3%%41.3%11.2%16.7%30.8%Jun 23Dec 24Jun 26
48%36%25%13%1.3%%41.3%11.2%16.7%30.8%Jun 23Dec 24Jun 26
14 · Safety line

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

EID Parry (India) Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

15 · Related companies · Sugar
CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1Andhra Sugars LtdANDHRSUGAR 73.8/100Favorable setup87% evidence BREAKING OUT 31.7/35 Revenue 16.5% · PAT 100% · OPM change 3 pp 95% evidence 14.8/25 ROCE 8.4% · OPM 12% 95% evidence 12.9/20 P/E 11.1× · PEG — 50% evidence 14.4/20 RS sector 6.8% · RS bench 19.6% · 1Y 25.7%6 of 12 weeks ahead 100% evidence
Exact sum: 31.7 + 14.8 + 12.9 + 14.4 = 73.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
2DCM Shriram LtdDCMSHRIRAM 61.0/100Mixed-positive evidence100% evidence BASING 24.3/35 Revenue 11.1% · PAT 100% · OPM change 0 pp 100% evidence 14.7/25 ROCE 11.5% · OPM 9% 100% evidence 18.3/20 P/E 11.4× · PEG 0.44 100% evidence 3.7/20 RS sector -20.5% · RS bench -10.3% · 1Y -19.6%0 of 12 weeks ahead 100% evidence
Exact sum: 24.3 + 14.7 + 18.3 + 3.7 = 61 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -20.5% and the one-year return is -19.6%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
3Ugar Sugar Works LtdUGARSUGAR 60.2/100Thin evidence · provisional59% evidence 26.9/35 Revenue 17.2% · PAT 100% · OPM change 4.1 pp 71% evidence 10.5/25 ROCE 9% · OPM 5.6% 76% evidence 10.6/20 P/E 21.2× · PEG — 50% evidence 12.2/20 RS sector — · RS bench 31.2% · 1Y — 25% evidence
Exact sum: 26.9 + 10.5 + 10.6 + 12.2 = 60.2 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
4Dhampur Sugar Mills LtdDHAMPURSUG 56.9/100Mixed-positive evidence87% evidence BREAKING OUT 21.3/35 Revenue 1.3% · PAT 36.3% · OPM change 1.3 pp 95% evidence 9.8/25 ROCE 6.4% · OPM 5.7% 95% evidence 10.0/20 P/E 15× · PEG — 50% evidence 15.8/20 RS sector 8% · RS bench 20.9% · 1Y 19%5 of 12 weeks ahead 100% evidence
Exact sum: 21.3 + 9.8 + 10 + 15.8 = 56.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5Uttam Sugar Mills LtdUTTAMSUGAR 52.1/100Mixed-positive evidence74% evidence BREAKING OUT 16.5/35 Revenue 7.8% · PAT -7.6% · OPM change -3.7 pp 95% evidence 15.2/25 ROCE 11.4% · OPM 4.3% 95% evidence 10.9/20 P/E 12.1× · PEG — 15% evidence 9.5/20 RS sector -9.1% · RS bench 17.4% · 1Y 5.8%5 of 10 weeks ahead 70% evidence
Exact sum: 16.5 + 15.2 + 10.9 + 9.5 = 52.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
6M.V.K. Agro Food Product LtdMVKAGRO 52.1/100Thin evidence · provisional57% evidence BASING 13.3/35 Revenue — · PAT — · OPM change -7.5 pp 45% evidence 17.5/25 ROCE 14.4% · OPM 10.8% 95% evidence 9.6/20 P/E 30.5× · PEG — 15% evidence 11.7/20 RS sector 33.8% · RS bench -40.7% · 1Y -19%0 of 10 weeks ahead 70% evidence
Exact sum: 13.3 + 17.5 + 9.6 + 11.7 = 52.1 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
7Triveni Engineering and Industries LtdTRIVENI 51.9/100Mixed-positive evidence82% evidence BREAKING OUT 21.8/35 Revenue 4% · PAT 29.1% · OPM change 1 pp 95% evidence 12.2/25 ROCE 9% · OPM 3.4% 76% evidence 8.0/20 P/E 21.5× · PEG — 50% evidence 9.9/20 RS sector -1.3% · RS bench 10.7% · 1Y 16%8 of 12 weeks ahead 100% evidence
Exact sum: 21.8 + 12.2 + 8 + 9.9 = 51.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
8Avadh Sugar & Energy LtdAVADHSUGAR 51.9/100Mixed-positive evidence79% evidence BREAKING OUT 14.5/35 Revenue 4.2% · PAT -6.9% · OPM change 0.7 pp 71% evidence 10.1/25 ROCE 6.8% · OPM 4.7% 95% evidence 7.3/20 P/E 22.9× · PEG — 50% evidence 20.0/20 RS sector 51.4% · RS bench 68.4% · 1Y 69.5%9 of 12 weeks ahead 100% evidence
Exact sum: 14.5 + 10.1 + 7.3 + 20 = 51.9 · Decision use: Price leads the evidence: RS versus the benchmark is 68.4%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
9EID Parry (India) Ltdthis pageEIDPARRY 50.3/100Mixed-positive evidence76% evidence TURNING 17.5/35 Revenue 15.7% · PAT -38.9% · OPM change -1 pp 95% evidence 18.0/25 ROCE 17% · OPM 8% 76% evidence 10.3/20 P/E 15.8× · PEG — 50% evidence 4.5/20 RS sector -20.5% · RS bench -16.7% · 1Y -35.2%1 of 10 weeks ahead 70% evidence
Exact sum: 17.5 + 18 + 10.3 + 4.5 = 50.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
10Balrampur Chini Mills LtdBALRAMCHIN 50.0/100Mixed-positive evidence100% evidence BREAKING OUT 15.6/35 Revenue 15% · PAT -11.2% · OPM change -2 pp 100% evidence 13.3/25 ROCE 9.3% · OPM 7% 100% evidence 2.2/20 P/E 39.4× · PEG 2.21 100% evidence 18.9/20 RS sector 22.8% · RS bench 37.4% · 1Y 25.8%11 of 12 weeks ahead 100% evidence
Exact sum: 15.6 + 13.3 + 2.2 + 18.9 = 50 · Decision use: Price leads the evidence: RS versus the benchmark is 37.4%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
11Dhampur Bio Organics LtdDBOL 50.0/100Mixed-positive evidence72% evidence BREAKING OUT 21.5/35 Revenue 8% · PAT 100% · OPM change -0.1 pp 71% evidence 7.2/25 ROCE 5% · OPM 1.7% 95% evidence 9.4/20 P/E 30.8× · PEG — 15% evidence 11.9/20 RS sector 7.7% · RS bench 20.4% · 1Y 39%3 of 12 weeks ahead 100% evidence
Exact sum: 21.5 + 7.2 + 9.4 + 11.9 = 50 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
12Dalmia Bharat Sugar & Industries LtdDALMIASUG 47.9/100Mixed-negative evidence100% evidence BREAKING OUT 7.2/35 Revenue -5.2% · PAT -44.1% · OPM change -4.4 pp 100% evidence 9.9/25 ROCE 8.2% · OPM 5.1% 100% evidence 12.9/20 P/E 16.5× · PEG 0.55 100% evidence 17.9/20 RS sector 9.7% · RS bench 22.6% · 1Y 9.7%5 of 12 weeks ahead 100% evidence
Exact sum: 7.2 + 9.9 + 12.9 + 17.9 = 47.9 · Decision use: Price leads the evidence: RS versus the benchmark is 22.6%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
13Zuari Industries LtdZUARIIND 39.9/100Mixed-negative evidence66% evidence TURNING 16.1/35 Revenue 9.7% · PAT 100% · OPM change -5.3 pp 71% evidence 7.6/25 ROCE 5.5% · OPM 4.5% 95% evidence 11.5/20 P/E 7× · PEG — 15% evidence 4.7/20 RS sector -26.8% · RS bench -1.7% · 1Y -9.1%4 of 10 weeks ahead 70% evidence
Exact sum: 16.1 + 7.6 + 11.5 + 4.7 = 39.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
14Magadh Sugar & Energy LtdMAGADSUGAR 38.8/100Mixed-negative evidence79% evidence BREAKING OUT 8.2/35 Revenue -5.7% · PAT -46.9% · OPM change -5.8 pp 71% evidence 8.5/25 ROCE 7.8% · OPM 0.2% 95% evidence 9.4/20 P/E 14.8× · PEG — 50% evidence 12.7/20 RS sector -1.5% · RS bench 10.6% · 1Y -4.3%5 of 12 weeks ahead 100% evidence
Exact sum: 8.2 + 8.5 + 9.4 + 12.7 = 38.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
15Davangere Sugar Company LtdDAVANGERE 37.1/100Mixed-negative evidence70% evidence 14.3/35 Revenue 11.1% · PAT -22.3% · OPM change -6.9 pp 83% evidence 10.3/25 ROCE 5.6% · OPM 10.1% 95% evidence 8.5/20 P/E 58.6× · PEG — 15% evidence 4.0/20 RS sector -25% · RS bench -12.6% · 1Y -12.3%0 of 2 weeks ahead to 2026-07-19 70% evidence
Exact sum: 14.3 + 10.3 + 8.5 + 4 = 37.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
16Bannari Amman Sugars LtdBANARISUG 35.4/100Mixed-negative evidence100% evidence ASLEEP 11.0/35 Revenue -7.6% · PAT 8% · OPM change -12 pp 100% evidence 10.2/25 ROCE 8.8% · OPM -3% 100% evidence 9.3/20 P/E 36.2× · PEG 1.75 100% evidence 4.9/20 RS sector -12.1% · RS bench -1.1% · 1Y -3.7%2 of 12 weeks ahead 100% evidence
Exact sum: 11 + 10.2 + 9.3 + 4.9 = 35.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
17Godavari Biorefineries LtdGODAVARIB 35.1/100Mixed-negative evidence72% evidence BASING 18.0/35 Revenue 7% · PAT 100% · OPM change -1 pp 71% evidence 7.2/25 ROCE 6.5% · OPM 0.1% 95% evidence 8.8/20 P/E 41.2× · PEG — 15% evidence 1.1/20 RS sector -24% · RS bench -14.6% · 1Y -17.7%0 of 12 weeks ahead 100% evidence
Exact sum: 18 + 7.2 + 8.8 + 1.1 = 35.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
18Bajaj Hindusthan Sugar LtdBAJAJHIND 32.0/100Adverse evidence78% evidence TURNING 12.8/35 Revenue -1.9% · PAT 100% · OPM change -8.9 pp 74% evidence 1.2/25 ROCE 3.1% · OPM -11% 100% evidence 10.3/20 P/E 38.6× · PEG 1.32 65% evidence 7.7/20 RS sector -21% · RS bench 12.8% · 1Y -1%4 of 11 weeks ahead 70% evidence
Exact sum: 12.8 + 1.2 + 10.3 + 7.7 = 32 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
19Shree Renuka Sugars LtdRENUKA 28.7/100Adverse evidence71% evidence TURNING 10.0/35 Revenue -5.1% · PAT -80% · OPM change 0.7 pp 74% evidence 0.5/25 ROCE -3.1% · OPM -3.6% 100% evidence 10.0/20 P/E — · PEG — 0% evidence 8.2/20 RS sector -12.8% · RS bench -1.8% · 1Y -22.6%2 of 12 weeks ahead 100% evidence
Exact sum: 10 + 0.5 + 10 + 8.2 = 28.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
20Dwarikesh Sugar Industries LtdDWARKESH 28.4/100Adverse evidence72% evidence TURNING 9.6/35 Revenue -4.8% · PAT -45.8% · OPM change -8 pp 71% evidence 2.5/25 ROCE 4.6% · OPM -7% 95% evidence 8.7/20 P/E 57.2× · PEG — 15% evidence 7.6/20 RS sector -3.4% · RS bench 8.2% · 1Y 0.4%2 of 12 weeks ahead 100% evidence
Exact sum: 9.6 + 2.5 + 8.7 + 7.6 = 28.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
21DCM Shriram Industries LtdDCMSRIND 43.3/100Thin evidence · provisional48% evidence 12.5/35 Revenue -3.7% · PAT -50% · OPM change -6.8 pp 45% evidence 14.6/25 ROCE 13.7% · OPM 1.8% 71% evidence 8.4/20 P/E 8.2× · PEG — 50% evidence 7.8/20 RS sector — · RS bench -16.3% · 1Y — 25% evidence
Exact sum: 12.5 + 14.6 + 8.4 + 7.8 = 43.3 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

16 · Frequently asked questions

Frequently asked questions

What is EID Parry (India) Ltd's share price today?

EID Parry (India) Ltd trades at ₹721, −32.8% over the past year. The company is valued at ₹12,832 Cr. The stock sits at 5% of its 52-week range of ₹704–₹1,072, −13.4% versus its 200-day average. On the tape, the price is in a downtrend, 32 weeks in. — as of 11 September 2026.

What were EID Parry (India) Ltd's latest quarterly results?

EID Parry (India) Ltd reported revenue of ₹9,018 Cr and net profit of ₹312 Cr for the Jun 26 quarter. Revenue rose 3.4% and profit fell 32.8% year on year. Earnings per share were ₹7.96. The operating margin was 8.0%, 1.0 pp lower than a year earlier. — as of 11 September 2026.

What is EID Parry (India) Ltd's revenue?

EID Parry (India) Ltd reported revenue of ₹9,018 Cr in the Jun 26 quarter, +3.4% year on year. For the full FY26 fiscal year, revenue was ₹38,534 Cr (+21.9%). Over the last 10 years revenue compounded at 9.6% a year. — as of 11 September 2026.

What is EID Parry (India) Ltd's profit?

EID Parry (India) Ltd earned ₹312 Cr of net profit in the Jun 26 quarter, −32.8% year on year. Full-year FY26 profit was ₹1,380 Cr. The operating margin ran 8.0% in the latest quarter. — as of 11 September 2026.

What is EID Parry (India) Ltd's market cap?

EID Parry (India) Ltd's market capitalisation is ₹12,832 Cr at a share price of ₹721. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 11 September 2026.

What is EID Parry (India) Ltd's P/E ratio?

EID Parry (India) Ltd trades at a P/E of 15.8×, at the 72nd percentile of its own 10-year range, against a long-run median of 11.6×. This is a comparison with the stock's own history, not a value call — as of 11 September 2026.

Does EID Parry (India) Ltd pay a dividend?

Not in its latest year — EID Parry (India) Ltd's dividend payout was 0% of profit in FY26. It did record a payout in 8 of its last 13 reported fiscal years, so there is a history but no current dividend. — as of 11 September 2026.

Is EID Parry (India) Ltd overvalued?

On its own history, EID Parry (India) Ltd looks expensive: its P/E of 15.8× sits at the 72nd percentile of its 10-year range (long-run median 11.6×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 11 September 2026.

Is EID Parry (India) Ltd growing?

Not right now — EID Parry (India) Ltd's latest numbers are shrinking: latest-quarter revenue +3.4% year on year, profit −32.8%, and the margin −1.0 pp at 8.0%. The 10-year compound rates are 9.6% (revenue) and 22.9% (profit). The earnings engine currently reads: deteriorating — as of 11 September 2026.

How is EID Parry (India) Ltd performing?

EID Parry (India) Ltd is in a downtrend, 32 weeks in. Its latest quarter's revenue rose 3.4% and profit fell 32.8% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 6 weeks. This describes what the data did, not a rating. — as of 11 September 2026.

What stage is EID Parry (India) Ltd in?

Deteriorating — profit and EPS growth are shrinking (profit growth −38.9% latest against +64.4% at its 12-quarter best), ROCE slipping at 17.0%. The read comes from the last 12 quarters of growth (revenue growth +15.6% latest, profit growth −38.9% latest, eps growth −55.1% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 11 September 2026.

Is EID Parry (India) Ltd in an uptrend?

No — the price is in a downtrend (week 32 of stage 4), trading −13.4% versus its 200-day average and at 5% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 11 September 2026.

Is EID Parry (India) Ltd beating the market?

On recent form, yes — EID Parry (India) Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 6 straight weeks, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.5 years the stock moved +276% against the NIFTY 500's +267% — ahead of the index over the full window. — as of 11 September 2026.

Will EID Parry (India) Ltd's share price go up?

This page publishes no price forecast for EID Parry (India) Ltd. What it measures instead: the share price is ₹721, the price is in a downtrend 32 weeks in. Its P/E of 15.8× sits at the 72nd percentile of its own 10-year range. — as of 11 September 2026.

Who owns EID Parry (India) Ltd?

Promoters hold 41.3% of EID Parry (India) Ltd, foreign institutions 11.2%, domestic institutions 16.7% and the public 30.8% (latest quarter). The biggest move on the register over the last two years: Domestic institutions added 4.2 points over 8 quarters. — as of 11 September 2026.

Does EID Parry (India) Ltd have too much debt?

It is moderate — EID Parry (India) Ltd's debt-to-equity is 0.40, and operating profit covers the interest bill 8×. FY26 borrowings were ₹3,528 Cr against equity of ₹8,766 Cr. Read the returns on this page with that leverage in mind — as of 11 September 2026.

What is EID Parry (India) Ltd's capex?

EID Parry (India) Ltd spent ₹5,918 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹2,790 Cr, with ₹357 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 11 September 2026.

What is EID Parry (India) Ltd's cash flow?

EID Parry (India) Ltd generated ₹1,542 Cr of operating cash flow in FY26 and ₹−1,248 Cr of free cash flow after ₹2,790 Cr of capital spending. Reported profit that year was ₹1,380 Cr, so operating cash ran ahead of profit. Cash-flow resolution for India is annual. — as of 11 September 2026.

Is EID Parry (India) Ltd's profit real cash?

Yes — over the last 3 fiscal years, 114% of EID Parry (India) Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹1,542 Cr against reported profit of ₹1,380 Cr. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 11 September 2026.

Where is EID Parry (India) Ltd in its business cycle?

EID Parry (India) Ltd's FY26 operating margin was 9.0%, against a 13-year band of 5.0%–11.0%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 8.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 11 September 2026.

What growth does EID Parry (India) Ltd's price assume?

At its price on 13 June 2026, EID Parry (India) Ltd was priced for profit growth of about 2.2% a year. Profit itself has compounded 22.9% a year over the past 10 years. The figure reads the multiple backwards: the growth a buyer at that price was already paying for. — as of 11 September 2026.

What could break the EID Parry (India) Ltd story?

The sharpest disagreement: Domestic institutions moved +4.2 points over 8 quarters while the operating story went the other way — someone close to the numbers is not convinced. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 11 September 2026.

Is EID Parry (India) Ltd a stock worth studying right now?

This is not investment advice. The machine read: EID Parry (India) Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it. The sharpest open question: whether the register turns back in the story’s favour. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 11 September 2026.

Sector Alpha — machine-written from the numbers · Data as of 2026-09-11. Every chart on this page is drawn by deterministic code from the raw series — no forecasts, no price opinions, and nothing here is investment advice.

Not SEBI Registered !! Not Investment advice !!

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