CMP: 206

E.I.D. - Parry (India) Limited is a diversified manufacturer of fertilizers, pesticides, sugar, ceramics, electronics and seeds. The Company is also diversifying into the manufacture of organic fertilizers, bio-pesticides, acetic acid, wall tiles and horticultural activities.

E.I.D. - Parry is a decent bet in diversified sugar sector. It currently trades at a P/E of over 21 with decent dividend yields of 1% in the last 12 months. The company runs at a debt of 653 Crores with 8 Crores cash in hand. Debt to profits ratio is at 4 which is high and is well above safe levels of 2. Its relatively much better than its competitors. Revenues have risen steadily from 552 Crores to 1,278 Crores in the last 5 years. Profits have risen from 127 Crores to 692 Crores and then fallen to 79 Crores on fluctuating margins. FY12 so far has been good with 30% growth in revenues.