Synopsis: PPFAS Mutual Fund increased its stake in EID Parry to 5.83 percent after purchasing 17.40 lakh shares through the open market, crossing the 5 percent ownership threshold.
This Small-Cap Ethanol Stock, engaged in manufacturing sugar, ethanol, and bio-products, along with power generation through co-generation plants, serving domestic and export markets, jumped 1.94 percent after Parag Parikh Mutual Fund bought an additional 17.40 lakh shares in the company.
With a market capitalization of Rs. 12,730.61 crores, the share of EID Parry (India) Limited has reached an intraday high of Rs. 723.90 per equity share, rising nearly 1.94 percent from its previous day’s close price of Rs. 710.10. Since then, the stock has retreated and is currently trading at Rs. 715.50 per equity share.
What is the News?
PPFAS Mutual Fund, through its schemes, has increased its stake in EID Parry (India) Limited through open market purchases. Before the acquisition, PPFAS Mutual Fund held 86.39 lakh shares, representing 4.86 percent of the company’s equity. On June 9, 2026, the fund purchased an additional 17.40 lakh shares, equivalent to 0.98 percent of the company’s total share capital.
Following the acquisition, PPFAS Mutual Fund’s holding in EID Parry increased to 1.03 crore shares (1,03,79,279 shares), taking its ownership stake to 5.83 percent from 4.86 percent earlier. The transaction was carried out through the open market and resulted in the fund crossing the 5 percent ownership threshold.
Production Capacity
EID Parry (India) Limited has a strong presence in the sugar and bio-energy sector with a sugarcane crushing capacity of around 40,800 TCD (tonnes crushed per day). The company also operates co-generation power plants with a capacity of 140 MW and distilleries with a capacity of 582 KLPD (kilolitres per day). Supported by a workforce of over 2,300 employees, EID Parry has built an integrated business model across sugar, power, and ethanol production.
Future Outlook
EID Parry (India) Limited has outlined several strategic priorities for FY27 to improve growth and profitability. The company plans to maximize revenue from its sugar, co-generation, and distillery businesses while focusing on reducing fixed costs and improving operational efficiency. It also aims to strengthen working capital management and improve cash flow generation across its operations.
In addition, the company is increasing engagement with farmers to enhance sugarcane yields and improve recovery rates. EID Parry is also investing in a new state-of-the-art jaggery manufacturing facility in Karnataka to serve retail, institutional, and export markets. The company expects the new facility to be commissioned by the third quarter of FY27, supporting future growth opportunities.
Company Overview
EID Parry (India) Limited is an Indian public company in sugar, ethanol and bio-energy, headquartered in Chennai, Tamil Nadu. Part of the Murugappa Group, it is among India’s most established integrated sugar and bio-energy players, with a legacy dating back to the 18th century.
Recent Quarter Results
Coming into financial highlights, EID Parry (India) Limited’s revenue has increased from Rs. 6,811 crore in Q4 FY25 to Rs. 7,882 crore in Q4 FY26, which has grown by 15.72 percent. The company’s net profit has shifted from positive to negative, from a net profit of Rs. 539 crore in Q4 FY25 to a net loss of Rs. 287 crore in Q4 FY26. EID Parry (India) Limited’s revenue and net profit have grown at a CAGR of 16 percent and 8 percent, respectively, over the last five years.
In terms of return ratios, the company’s ROCE and ROE stand at 17.8 percent and 8.30 percent, respectively. EID Parry (India) Limited has an earnings per share (EPS) of Rs. 32, and its debt-to-equity ratio is 0.40x.
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