India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Company Description
E.I.D.-Parry (India) Limited is part of Murugappa group companies. It
is engaged in the manufacture and marketing of a range of products.
The Company operates in six segments: sugar, alcohol, power, bio
pesticides, nutraceuticals and others. The Company’s subsidiaries
include Parry Chemicals Limited, Parry America Inc., Coromandel
Bathware Limited, Coromandel International Limited, Parry
Infrastructure company Pvt. Ltd., Parrys Investments Limited, Parrys
Sugar Limited, Parry Phytoremedies Pvy. Ltd., CFL Mauritius
Limited, Coromandel Brasil Limitada and Sadashiva Sugars Limited.
In October 2009, the Company acquired 76% stake in Sadashiva
Sugars Limited.The Company operated six sugar plants spread
across South India of which four are in Tamil Nadu, one in
Puducherry and one in Karnataka.
~ The company is amongst the largest producers of sugar in the
country, with a crushing capacity of 17,500 TCD.
~ The Company has six sugar factories having a capacity to crush
19000 Tonnes of Cane per day, generate 85 MW of power and two
distilleries having a capacity of 135KLPD.
~ EID Parry would hold a minimum 65% equity stake in GMR
Industries. GMR Group would become a minority shareholder in the
company. Parry is one of the world's largest producers of neembased
bio products.
~ Co. has 50:50 JV with Cargill International has set up a 0.6 Million
Ton port based refinery in SEZ facility at Kakinada.
Concern
Part of Highly regulated Industry
GOI policies for sugar sector affect the company’s profitability.
Technical Outlook
EIDPARRY Cmp Rs.264 is making higher low and higher high and
the pattern would complete around Rs.289 which happens to be all
time high for the stock above which 10-15% upside can be possible.
No comments:
Post a Comment