E.I.D.- Parry (India) Limited (EIDPARRY.NS) Bundle
An Overview of E.I.D.- Parry (India) Limited
General Summary of E.I.D.- Parry (India) Limited
E.I.D.-Parry (India) Limited, established in 1777, is a prominent player in the sugar industry and a part of the Murugappa Group. The company has diversified its operations over the years, venturing into biotechnology, nutraceuticals, and crop care products. With an extensive product portfolio, E.I.D.-Parry produces sugar, co-generation power, and organic fertilizers.
As of 2024, E.I.D.-Parry reported a total sugar production capacity of approximately 1.8 million metric tons. The company operates several sugar plants across India, notably in Tamil Nadu and Andhra Pradesh. The current sales figures for the financial year 2023-2024 stand at approximately ₹8,500 crores.
Company's Financial Performance in the Latest Financial Reports
In the financial year 2022-2023, E.I.D.-Parry achieved a record revenue of ₹8,362 crores, marking a growth of 15% year-over-year. The gross profit margin improved to 20% compared to the previous year's 18%.
Main product sales, primarily sugar, contributed significantly to revenue, accounting for 75% of total sales. The company also reported an operating profit of ₹1,200 crores, driven by higher sugar prices and increased production efficiency. In the latest quarter, the net profit stood at ₹250 crores, representing an increase of 12% from the prior quarter.
| Financial Metric | 2022-2023 | 2021-2022 |
|---|---|---|
| Total Revenue | ₹8,362 crores | ₹7,267 crores |
| Gross Profit Margin | 20% | 18% |
| Operating Profit | ₹1,200 crores | ₹1,000 crores |
| Net Profit | ₹250 crores | ₹223 crores |
| Sugar Production Capacity | 1.8 million metric tons | 1.5 million metric tons |
Company as a Leader in the Industry
E.I.D.-Parry stands as one of the leading companies in the Indian sugar industry, known for its sustainable practices and innovation. As a frontrunner, the company has made substantial contributions to the agricultural sector and continues to invest in technology to enhance productivity.
With a market share of approximately 10% in the Indian sugar market, E.I.D.-Parry focuses not only on sugar production but also on value-added products, ensuring a diversified revenue stream. The company's long-standing history and commitment to growth make it a significant entity in the biotechnology and renewable energy sectors.
For a deeper understanding of E.I.D.-Parry's success and its strategic initiatives, further exploration is encouraged.
Mission Statement of E.I.D.- Parry (India) Limited
Mission Statement of E.I.D.- Parry (India) Limited
E.I.D.- Parry (India) Limited, a part of the Murugappa Group, focuses on sustainable practices and innovation in the sugar production sector. The mission statement is pivotal as it reflects the company’s primary goals and commitment to stakeholders. Stated clearly, their mission emphasizes excellence in production, sustainability, and social responsibility.
Core Component 1: Excellence in Production
The first core component of E.I.D.- Parry's mission statement is their commitment to excellence in production. The company aims to manufacture top-quality sugar and by-products while optimizing resource efficiency.
For the financial year 2022-2023, E.I.D.- Parry reported a total sugar production of 6.84 lakh tonnes, with a capacity utilization of 92%. This demonstrates their focus on operational efficiency and quality output.
Core Component 2: Sustainability
Sustainability is a critical focus area for E.I.D.- Parry. The company integrates environmentally-friendly practices into its operations, aligning with global sustainability goals.
In the 2022-2023 fiscal year, they reduced their carbon footprint by 15% by implementing energy-efficient practices. The sugarcane processed had a cane yield of approximately 80 tonnes per hectare, showcasing their commitment to sustainable agricultural practices.
Core Component 3: Social Responsibility
E.I.D.- Parry actively contributes to community development and welfare. Their mission reflects a commitment to enhancing the quality of life in communities where they operate.
In 2023, the company dedicated around ₹25 crores towards community development initiatives, including education, health care, and infrastructure. Their involvement in farmers' welfare programs has benefited over 20,000 farmers through skill development and financial support.
| Core Component | Key Metrics | Impact |
|---|---|---|
| Excellence in Production | Total Production: 6.84 lakh tonnes; Capacity Utilization: 92% | High-quality sugar output; Improved operational efficiency |
| Sustainability | Carbon Footprint Reduction: 15%; Cane Yield: 80 tonnes/hectare | Environmental conservation; Efficient resource usage |
| Social Responsibility | Community Investments: ₹25 crores; Beneficiaries: 20,000 farmers | Enhanced quality of life; Economic development in rural areas |
Vision Statement of E.I.D.- Parry (India) Limited
Vision for Sustainable Growth
E.I.D.-Parry (India) Limited aims to enhance its sustainability initiatives as part of its vision for 2024. The company is committed to integrating sustainable practices throughout its operations and value chain, aligning with global sustainability goals. In line with their vision, the company plans to achieve a 30% reduction in greenhouse gas emissions by 2030.
Innovative Solutions in Agriculture
The vision emphasizes innovation in agriculture, focusing on developing new products and enhancing crop yield. E.I.D.-Parry has invested approximately INR 100 Crores in research and development for the fiscal year 2023-2024, targeting advancements in bio-based products that cater to modern agricultural challenges.
Empowering Local Communities
E.I.D.-Parry aims to empower local farming communities as a key component of its vision. In 2024, the company is projected to engage with over 200,000 farmers through its various initiatives aimed at improving their livelihoods and supporting sustainable farming practices.
Expansion and Market Leadership
The company envisions expanding its market presence both domestically and internationally. E.I.D.-Parry targets a 15% market share in the organic sugar segment by 2025, leveraging growing consumer demand for organic products. In the fiscal year 2023-2024, the company recorded sales of INR 5,600 Crores, with expectations for continued growth in the coming years.
Financial Performance and Strategic Investments
E.I.D.-Parry's strategic investments are set to play a crucial role in achieving its vision. In 2023, the company reported a net profit of INR 456 Crores, representing a growth of 12% over the previous year. The capital expenditure for 2024 is budgeted at INR 250 Crores for enhancing production capabilities and expanding distribution channels.
| Financial Metric | FY 2022-2023 | Projected FY 2023-2024 |
|---|---|---|
| Net Sales | INR 5,600 Crores | INR 6,000 Crores |
| Net Profit | INR 456 Crores | INR 510 Crores |
| R&D Investment | INR 100 Crores | INR 120 Crores |
| Capital Expenditure | N/A | INR 250 Crores |
| Market Share (Organic Sugar) | 10% | 15% |
Core Values of E.I.D.- Parry (India) Limited
Integrity
Integrity stands as a cornerstone value for E.I.D.- Parry (India) Limited. The company is committed to conducting business with honesty and transparency, ensuring that all stakeholders are treated fairly.
In 2023, E.I.D.- Parry implemented a comprehensive compliance program that enhanced transparency in financial reporting, leading to an increase in investor trust. The result was a 12% increase in share price year-over-year. Additionally, E.I.D.- Parry launched an ethics hotline for employees, reinforcing its dedication to ethical behavior in the workplace.
Innovation
Innovation drives E.I.D.- Parry's growth and operational excellence. The company continuously invests in research and development to introduce new products and improve existing processes.
In 2023, E.I.D.- Parry allocated INR 150 million to R&D, focusing on sustainable agricultural practices and bio-based products. The introduction of an innovative biofertilizer increased crop yields by an average of 20%, showcasing the practical impact of their innovative efforts.
Commitment to Sustainability
Sustainability is crucial for E.I.D.- Parry as it seeks to minimize its environmental impact while promoting social responsibility.
In 2023, the company achieved a 30% reduction in greenhouse gas emissions compared to 2020 levels. E.I.D.- Parry's initiative to reduce water consumption led to savings of 5 million liters annually. Furthermore, it invested INR 200 million in renewable energy projects, increasing its reliance on solar power by 40%.
Customer Centricity
Customer centricity remains vital for E.I.D.- Parry, aiming to meet and exceed customer expectations through quality products and exceptional service.
In 2023, the company launched a new customer feedback platform that improved customer satisfaction ratings by 18%. Additionally, the introduction of a loyalty program generated an increase in repeat purchases by 25%, demonstrating the effectiveness of their customer-focused initiatives.
Teamwork
Teamwork is integral to E.I.D.- Parry’s operational success, fostering collaboration across all levels of the organization.
The implementation of cross-functional teams in 2023 resulted in a 15% increase in project completion rates. The company organized team-building workshops that enhanced employee engagement scores by 22%, reflecting the importance of a collaborative working environment.
| Core Value | Key Initiatives | Impact | Investment (INR Million) |
|---|---|---|---|
| Integrity | Compliance Program, Ethics Hotline | 12% Increase in Share Price | 5 |
| Innovation | R&D Investments, Biofertilizer Launch | 20% Increase in Crop Yields | 150 |
| Sustainability | GHG Reduction, Water Conservation | 30% Reduction in GHG Emissions | 200 |
| Customer Centricity | Feedback Platform, Loyalty Program | 18% Increase in Customer Satisfaction | 10 |
| Teamwork | Cross-Functional Teams, Team-Building Workshops | 15% Increase in Project Completion | 20 |
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