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Prices as of 9 Oct 2026 close · Not investment advice

EID Parry India Limited

NSE: EIDPARRYOther Food Products

Share price

₹688.90

+1.74% close of 9 Oct 2026

Market cap ₹12,400 CrP/E 15.3

Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 8 Oct 2026, the close above is 9 Oct 2026.

Business score

How strong the business is, in one number. The parts behind it are in Pro.

62

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹12,400 Cr

P/E ratio

15.3

P/B ratio

1.4

ROCE

17.0%

ROE

7.8%

Dividend yield

0.0%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 9 Oct 2026 close52-week high ₹1,089.8052-week low ₹674.55

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Our sales figures for this company step up at Sep 2007 and we hold nothing that says why, so we cannot honestly quote a growth rate across it.

Whether it grew faster than its sector

Our sales figures for this company step up at Sep 2007 and we hold nothing that says why, so there is no honest growth rate of its own to set against its sector.

Room to re-rate, or risk of de-rating

At 15.3× earnings against a market that pays 24.1× across 2199 companies we can price. Its own industry sits at 40.0×, across 4 companies. It is against its own five-year median of 15.1×, the 52nd percentile of its own range.

Whether growth justifies the valuation

Its earnings are falling, so growth cannot justify the price.

Profit growthPrice per ₹1 profitPer 1% growth
EID Parry India Limited — this one-11%/yr15.3×—
Manorama Industries Limited—47.5×—
Orkla India Limited-4%/yr25.6×—
Krishival Foods Limited47%/yr49.1×₹1.0
Megastar Foods Limited-3%/yr32.5×—

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Other Food Products), it ranks 2 of 5 on returns, 5 of 5 on growth, 4 of 5 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

A narrow advantage: it earns 17% on capital, ahead of 60% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

Yes — Over the last five years it made ₹8089 crore of cash from the business, spent ₹4234 crore on plant and equipment, and returned ₹1657 crore to lenders and shareholders. And the profit is real: of every 100 rupees it reported over 12 years, about 145 arrived as cash (before interest, which is why it can exceed the profit). Its cash comes back faster than it used to: it went from being waiting 29 days for its cash to waiting 21 days for its cash.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

8 of 9 checks clear · 89%

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Consumer-products revenue halved and the new food categories promised for June are still unannounced

Announced 12 Aug 2026 · Consolidated · Unaudited

Revenue

₹9,018 Cr

Revenue vs last year

+3.4%

Revenue vs last quarter

+14.4%

Net profit

₹312 Cr

Profit vs last year

-32.9%

Net margin

3.5%

EPS

₹7.96

Earnings call transcript · 13 Aug 2026

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹12,400 Cr
Prev close
₹688.90
52w High
₹1,118
52w Low
₹672
Enterprise value
₹12,589 Cr
Beta
1.0
Price CAGR 1y
-34.0%
Price CAGR 3y
10.0%
Price CAGR 5y
10.0%
Price CAGR 10y
10.0%

Ratios

Return on assets
4.7%
PEG ratio
-1.4
P/E ratio
15.3
P/B ratio
1.4
EV / EBITDA
3.7
Industry P/E
33.3
ROCE
17.0%
ROCE 5y average
21.4%
ROE
7.8%
Debt / Equity
0.4
Interest coverage
5.6
Dividend yield
0.0%
ROE 3y average
9.0%
ROE last year
8.0%

Annual P&L

Annual revenue
₹38,534 Cr
Annual profit
₹1,380 Cr
Operating margin
9.0%
Net profit margin
3.6%
EBITDA margin
9.0%
Sales growth 3y
3.0%
Sales growth 5y
15.7%
Profit growth 3y
-11.0%
Profit growth 5y
7.0%
EPS
₹32.0
Sales growth TTM
16.0%
Profit growth TTM
-10.0%
Dividend payout
0.0%

Quarter P&L

Sales latest quarter
₹9,018 Cr
Profit latest quarter
₹312 Cr
YoY quarterly sales growth
3.4%
YoY quarterly profit growth
-32.8%
OPM latest quarter
8.3%

Balance Sheet

Book Value
₹487
Face Value
₹1.0
Total debt
₹3,528 Cr
Total cash
₹1,309 Cr
Borrowings
₹3,528 Cr
Reserves / Equity
486.0

Cash Flow

Operating cash flow
₹1,542 Cr
Free cash flow
₹5 Cr
FCF yield
-3.6%
Net cash flow
₹818 Cr

Shareholding

Promoter holding
41.3%
FII holding
11.2%
DII holding
16.7%
Public holding
30.8%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
Manorama Indust.1,996.0047.712,5990.0481.661.3404.039.535.4
EID Parry699.5515.312,4490.00311.5-42.59,017.53.417.0
Orkla India562.7525.27,7090.0087.79.7659.110.414.9
Krishival Foods397.4051.31,1290.095.612.489.079.616.3
Shri Ahimsa430.0034.11,0240.0015.224.462.814.022.9
Freshara Agro410.8526.09650.00
Pajson Agro289.9527.86900.0010.69.0137.436.231.4
Median190.1020.02680.005.830.395.737.518.6

Competes with: Krishival Foods Limited, Manorama Industries Limited, Megastar Foods Limited, Orkla India Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales7,0269,0597,7705,5576,7479,3308,7206,8118,72011,62410,3127,8829,018
Expenses6,3638,0067,3585,0986,2798,3728,0276,2987,91410,4279,4777,2718,267
Material Cost4,4474,7305,9656,4915,7814,876
Change in Inventories-180-4861,251-1,390-823-678
Purchases of Stock-in-Trade7092,4371,8462,9188582,680
Employee Cost266292329350337375
Other Expenses1,0399451,0351,1111,1181,014
Operating Profit6641,0534124594689596945138051,198835611751
OPM %9.44125.308.266.93107.957.549.24108.107.768.33
Other Income-111514112360691174599015160-43030
Exceptional items (within Other Income)347000-4780
Interest8274538684949996104129103119115
Depreciation94101112113117123130142176158204226243
Profit before tax4771,0292883823278115827356151,062588-162423
Tax %32242523312729272528267726
Net Profit325782217294226592416539464766437-287312
EPS in Rs6.13256.66125.14171116142413-197.96
Diluted EPS in Rs16142413-197.95

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales13,95215,35814,39115,37316,55617,12918,55623,52135,24429,41331,60938,53438,836
Expenses12,93814,51712,96514,06815,10515,24216,46721,14632,08826,82528,97535,08535,442
Material Cost18,31122,967
Change in Inventories608-1,447
Purchases of Stock-in-Trade5,3608,059
Employee Cost1,0351,309
Other Expenses3,6074,198
Operating Profit1,0148411,4261,3051,4501,8872,0892,3753,1562,5882,6333,4503,395
OPM %75108911111099899
Other Income105179159150831291724083304706-129-189
Exceptional items (within Other Income)347-478
Interest420451417336425430236152298295372454465
Depreciation244250248251272319332334376421512763830
Profit before tax4553199208688371,2661,5392,1292,5642,1752,4552,1031,911
Tax %394523404830352629262834
Net Profit2761757085174388891,0001,5741,8281,6181,7731,3801,227
EPS in Rs6.641.9630148.672625515351493226
Diluted EPS in Rs4932
Dividend Payout %890142135002218800

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
10%
5 years
16%
3 years
3%
TTM
16%

Compounded profit growth

10 years
35%
5 years
7%
3 years
-11%
TTM
-10%

Stock price CAGR

10 years
10%
5 years
10%
3 years
10%
1 year
-34%

Return on equity

10 years
12%
5 years
12%
3 years
9%
Last year
8%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital181818181818181818181818
Reserves2,2092,3702,7332,9523,1103,5024,5655,3086,0677,0407,9188,748
Borrowings4,8235,1443,9234,4705,1254,3471,2291,2591,6181,7402,7043,528
Other Liabilities5,8496,6006,6917,0887,6497,0697,4449,35811,07612,68813,73116,917
Minority Interest4,9966,153
Total Liabilities12,89914,13113,36414,52815,90114,93613,25715,94318,77821,48724,37129,212
Fixed Assets3,4763,3433,2973,1973,0773,8583,5833,7633,8894,8966,1488,240
CWIP7577395420385206160486520422357
Investments3696885694304184134535636091,2751,4532,477
Other Assets8,97910,0229,45910,84712,20310,5799,01411,45613,79414,79616,34818,138
Total Assets12,89914,13113,36414,52815,90114,93613,25715,94318,77821,48724,38129,254

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity2224371,969259-521,9864,7712,2783591,9741,9361,542
Cash from Investing Activity-307-192-14813-357-282-548-1,732487-1,740-2,783-173
Cash from Financing Activity-142-221-1,8424234-1,769-3,598-499-184-49774-551
Net Cash Flow-22723-21314-375-6562547661-263-772818
Free Cash Flow352331,83982-3961,6284,4551,845-3701,0511,3235.61

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days4549474346451798232022
Inventory Days13812412713417513111211181112101107
Days Payable14114517017417214112411484121113116
Cash Conversion Cycle422743493566514813
Working Capital Days-121541736452927271421
ROCE %11916161418212627201717

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters454242424242424241414141
FIIs9.038.718.85101113121313131211
DIIs4.524.9212121313141416161717
Public424437353432323130303031
No. of Shareholders1,07,6401,08,2461,07,0111,18,9281,26,7221,26,0231,25,7191,18,7051,19,6311,13,0201,12,2871,24,851

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year -33.6% (₹1,037.30 → ₹688.90)Brick size ₹19.94 (fixed)Bricks 41
₹800₹1,000₹689Nov '25Jan '26Mar '26May '26Jul '26Sep '26
Price moved up one brickPrice moved down one brickLast close ₹688.90 on 9 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

total loans / revolving facilities outstanding at period end, the base of loan_default_cr

1,132cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

189inr_cr

2026-03-31

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

FY revenue / permanent employees + workers, same basis (calc)

1,44,12,286inr

2026-03-31

News

News and filings about EID Parry India Limited. Open one to see why it matters.

No recent news for this company.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Uses as raw material

  • Molasses (B-heavy / C-heavy)

Depends on the price of

  • sugar
  • sugarcane

Sells to

Buys from

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Fast Moving Consumer Goods
Industry
Other Food Products
Classification
Fast Moving Consumer Goods › Other Food Products
ISIN
INE126A01031

Business segments

  • a. Nutrient and allied business · 71%
  • c. Sugar · 14%
  • b. Crop protection · 10%
  • e. Distillery · 3%
  • g. Consumer products · 2%
  • f. Nutraceuticals · 1%
  • d. Co-generation · 0%

Plants

  • Bagalkot Sugar Factory · Bagalkot, Karnataka
  • Haliyal Sugar and Distillery
  • Kurumbur Sugar Factory
  • Nellikuppam Integrated Sugar Complex
  • Nutraceuticals Facility (Saveriyarpuram/Thyagavalli)
  • Pettavaithalai Sugar Factory
  • Pondicherry Sugar Factory
  • Pugalur Sugar Factory · Pugalur, Tamil Nadu
  • Ramdurg Sugar Factory
  • Sankili Sugar and Distillery

News impact

Big market events that reach EID Parry India Limited, and how the effect spreads.

Who it hits first

  • Bulk sugar users (food, beverage, confectionery makers, traders) must switch part of their buying to imported sugar and hold stocks above 15 days of use, per the food ministry's 18 Sep directive.
  • Domestic sugar mills face near-term demand displacement plus lower mill-gate (ex-mill) selling prices as imported supply competes and traders pass price cuts to shoppers.
  • Sugar importer-refiners see potential throughput demand from mandated imported sourcing, though no volumes or timelines were disclosed.

Who may gain

  • Large sugar buyers such as Britannia and Varun Beverages pay less for a key ingredient for a quarter (mild margin lift).
  • Shree Renuka Sugars, India's biggest sugar importer-refiner, could gain refining volumes if bulk users buy through refiners rather than importing directly.
  • Consumers benefit as traders pass lower ex-mill prices into retail ahead of the festive season.

Along the supply chain

Downstream

Bulk users (biscuits, beverages, dairy, wholesale traders) get cheaper sugar within weeks, partly offset by the cost of carrying 15 days of imported stock; retail shoppers see slightly lower sugar prices ahead of Dussehra/Diwali demand.

Upstream

Sugarcane farmers feel little immediately — mills must still pay government-fixed cane prices (FRP/SAP), so the squeeze lands on mill margins, not farm-gate rates; if low prices persist into the Oct-Nov crushing season, mills may delay cane payments.

Where demand moves

Business

Sugar demand shifts at the margin from domestic mills to imported supply: bulk users refill 15-day stocks with imports, so mill order books soften for a few weeks while importer-refiner pipelines fill. No new end-demand is created — this is substitution, not growth.

Capital

No broad market rotation — a mild within-FMCG tilt: sellers trim pure-play sugar millers (thin margins, weak books) and buyers favour sugar-consuming staples with strong cash conversion; index-level flows unaffected.

How it spreads across sectors

Fast Moving Consumer Goods

Split: pure sugar millers soften 1-3% on price/volume pressure while sugar-consuming staples (biscuits, beverages) firm about 1% on input relief; diversified mills land in between.

Commodity angle

Commodity

sugar

Note

Administrative shock, not a market price move: the bulk-user import directive displaces domestic mill demand and softens ex-mill prices without moving global sugar, which sits about 7% higher on the month — capping how far domestic prices can fall. Directions follow each company's exposure (negative for domestic mills, positive for the importer-refiner and bulk sugar users). No sugar edge carries cost_weight_pct, so no margin bps is computable and none is invented.

Price updated at

2026-09-17T11:57:27.946Z

Shock type

administrative

Unit

USD/lb

When it plays out

Immediate

1-7 days: sugar mill shares drift 1-3% lower on import-competition headlines; bulk-user staples edge up; traders begin switching orders to imported parcels.

Medium term

1-6 months: effect fades as festive demand absorbs supply; watch whether the directive hardens into binding import quotas or penalties (extends pressure) or stays advisory (mills recover); Oct-Nov cane crushing sets the next price leg.

Short term

1-4 weeks: ex-mill prices soften as import supply lands; mills report weaker September realisations; bulk users rebuild stocks with imports, lifting refiner throughput if routed via refiners.

Who it hits first

  • UP sugar mills face 1.6% less local cane plus lower recovery and gur-maker diversion, so crushing volumes for the Oct-Mar season start short.

Who may gain

  • Non-UP mills such as South-based EID Parry could gain slightly from firmer domestic sugar prices without suffering the cane shortfall; no large clear winner.

Along the supply chain

Downstream

Sugar output dips modestly; ethanol distilleries tied to UP molasses and cane juice see slightly thinner feedstock.

Upstream

UP cane farmers planted less; gur makers absorb part of the smaller crop at the margin, leaving mills bidding for the rest.

Where demand moves

Business

Less mill-grade cane means lower sugar, ethanol and cogeneration volumes from UP mills; bulk sugar buyers face a slightly tighter domestic market.

Capital

No broad rotation; a modest sugar-supply datapoint keeps money selective within the sugar cluster toward diversified and non-UP names.

How it spreads across sectors

Fast Moving Consumer Goods

Sugar users such as biscuit and beverage makers face mild input-cost firmness, offset near term by the record September sales quota keeping retail prices soft.

Commodity angle

Commodity

sugar

Note

Physical-supply signal, not a price print: 1.6% less UP cane acreage plus lower recovery and gur diversion trims mill-grade cane for the Oct-Mar season. Directions follow each miller's exposure (negative for UP volume exposure, positive for EID Parry's relative realisation gain). The global sugar node sits at 18.76 USD/lb, up 11.87% on the month; no sugar edge carries cost_weight_pct, so no margin bps is computable and none is invented.

Price updated at

2026-09-16T11:56:42.211Z

Shock type

supply

Unit

USD/lb

When it plays out

Immediate

Sugar mill stocks reprice mildly on the volume signal within days.

Medium term

Full-season crushing data decides whether this was noise or a real 1-2% output dent.

Short term

October factory openings reveal actual cane arrivals and recovery; the shortfall is confirmed or revised away.

15 Sept, 22:44 IST · Market event · medium impact

India extends deadline to surrender sugar import quota

India gave sugar importers more time to return unused import quotas for a small 0.5% fee, mildly weighing on domestic sugar-mill shares through longer import uncertainty while importers gain decision time.

Fast Moving Consumer Goods

Who it hits first

  • Sugar importers holding unused quota get more time to either use it or hand it back, paying 0.5% of the cargo value on whatever they hand back — so the amount of sugar that will actually arrive from abroad stays undecided for longer.
  • Domestic sugar mills (Balrampur Chini, Triveni, EID Parry, Dwarikesh) keep facing uncertain import competition into the festive quarter instead of getting clarity now; no mill's costs or sales change today.

Who may gain

  • Importers and refiners (notably Shree Renuka Sugars) gain flexibility — more time to decide whether to import or surrender — worth a little optionality at the cost of a small 0.5% fee on surrendered quota.

Along the supply chain

Downstream

Bulk sugar buyers (beverage bottlers, biscuit and dairy makers) see no change yet — domestic sugar prices move only if imports actually arrive, which this extension delays deciding.

Upstream

No hit to cane farmers: cane prices are fixed by the government, and this order touches only import paperwork, not cane crushing or mill payments to farmers.

Where demand moves

Business

No sugar physically moves because of this order — it only extends a paperwork deadline — so business demand flow is unchanged; if quota holders eventually import more, that sugar would flow to traders and bulk buyers at softer prices, but that decision now comes later.

Capital

No market rotation; at most a tiny within-FMCG tilt away from pure sugar mills on longer import uncertainty, too small to move sector flows.

How it spreads across sectors

Fast Moving Consumer Goods

Mildly negative for pure sugar producers on prolonged import uncertainty (about 1-2% sentiment drag); neutral for sugar-consuming staples since no price move occurs; net sector effect roughly neutral.

Commodity angle

Commodity

sugar

Note

Administrative shock, not a market price move: the extended surrender deadline changes no price or volume today — it only prolongs import-supply uncertainty for domestic mills (negative readthrough), while global sugar sits 8.6% higher on the month, capping domestic downside. No sugar edge carries cost_weight_pct, so no margin bps is computable and none is invented.

Price updated at

2026-09-15T11:56:57.645Z

Shock type

administrative

Unit

USD/lb

When it plays out

Immediate

Sugar mill stocks drift 1-2% softer on longer import uncertainty; importer shares flat.

Medium term

Effect fades with the new crushing season (October onwards) and festival demand; no structural change to import policy.

Short term

Surrender data under the extended deadline shows how much quota comes back — the actual import number decides whether mills get relief or fresh pressure.

Who it hits first

  • Sugar mills must sell a record volume of sugar in September at soft retail prices (below Rs 60/kg), so the average price each mill gets per kilo dips for the month and September-quarter sugar margins shrink.
  • Pure, thin-margin mills (Dwarikesh) feel it most; large millers (Balrampur Chini) feel it less; diversified players (EID Parry) feel it least.

Who may gain

  • Biscuit, beverage, dairy and confectionery makers that buy sugar in bulk (Britannia, Varun Beverages, Nestle India) pay a little less for a key ingredient for a quarter.

Along the supply chain

Downstream

Bulk sugar buyers (beverage bottlers, biscuit and dairy makers) see softer input bills; OMC ethanol offtake from mills is unaffected this month.

Upstream

No near-term hit to cane farmers: cane prices (FRP/SAP) are fixed by government and the quota governs mill sugar sales, not cane crushing or payments.

Where demand moves

Business

Extra sugar supply flows from mills to traders and bulk food and beverage buyers at softer prices; festive demand ahead of Dussehra absorbs part of the volume.

Capital

No broad market rotation; mild within-FMCG tilt from pure sugar producers toward sugar-consuming staples, too small to move sector flows.

How it spreads across sectors

Fast Moving Consumer Goods

Split: pure sugar producers face a 2-4% September realisation dip while sugar-consuming staples get a small one-quarter input-cost tailwind; net sector effect roughly neutral.

Commodity angle

Commodity

sugar

Note

Domestic realisation shock, not the global print: the record September sales quota forces higher mill sales into softening retail (below Rs 60/kg), so directions are set from policy (negative for producers, positive for bulk sugar users). The global sugar node is up 8.6% in a month, the opposite leg, which caps how far domestic prices can fall. No sugar edge carries cost_weight_pct, so no margin bps is computable and none is invented.

Price updated at

2026-09-15T11:56:57.645Z

Shock type

price

Unit

USD/lb

When it plays out

Immediate

Sugar mill stocks soften 1-3% on realisation worries; staples flat to marginally firm.

Medium term

Effect fades with the October quota and the new crushing season; no structural change unless quotas stay elevated.

Short term

September sales data shows whether festival volumes offset the price dip; direction for mills confirmed.

Who it hits first

  • Sugar mills (EID Parry, Balrampur, Triveni) gain ethanol volumes and pricing power
  • Praj Industries gains distillery capex orders as capacity expands
  • Globus Spirits and distillers ride higher ethanol offtake

Who may gain

  • Cane farmers gain from assured mill demand and timely payments
  • OMCs gain energy-security cover though blending logistics cost rises

Along the supply chain

Downstream

OMCs blend more ethanol; automakers invest in flex-fuel engines; bulk sugar buyers pay higher prices.

Upstream

Cane growers and harvest-equipment makers gain from assured offtake.

Where demand moves

Business

Mills divert more cane to ethanol; Praj builds distilleries; OMCs blend more ethanol into petrol; flex-fuel vehicle demand rises gradually.

Capital

Money rotates into sugar/ethanol names on policy visibility and into Praj on capex orders; FMCG confectioners face sugar-cost pressure.

How it spreads across sectors

Automobile and Auto Components

flex-fuel R&D spend rises; long-term petrol-demand hedge

Capital Goods

distillery EPC orders accelerate for Praj

Fast Moving Consumer Goods

sugar up ~7% lifts realisations for mills, costs for confectioners

codex additions

Commodity angle

Commodity

sugar

Shock type

price

When it plays out

Immediate

Sugar stocks rally on blending headlines; Praj firms on order hopes.

Medium term

Beyond-E20 needs flex-fuel fleet scale — a 3-5 year build benefiting first-mover mills.

Short term

Watch cabinet decision on E27/E30 roadmap and ethanol pricing for the season.

Other sectors it reaches

  • {"causal_chain":"Higher ethanol mandates require OMCs to procure, blend, store and distribute larger ethanol volumes; energy-import dependence falls, but handling costs and potential mileage-related consumer concerns may offset part of the benefit.","direction":"mixed","example_tickers":["IOC","BPCL","HINDPETRO"],"magnitude":"medium","notes":"Policy support improves energy security, while regulated fuel pricing may limit recovery of incremental logistics costs.","sector":"Oil, Gas and Consumable Fuels","time_horizon":"1_to_6_months"}
  • {"causal_chain":"New distilleries, flex-fuel manufacturing lines and ethanol storage infrastructure increase project-finance and working-capital demand; stronger mill cash flows can also improve repayment capacity in sugar-producing regions.","direction":"positive","example_tickers":["SBIN","BANKBARODA","CANBK"],"magnitude":"small","notes":"Upside depends on project execution and whether ethanol procurement prices support adequate returns on new capacity.","sector":"Banks and Financial Services","time_horizon":"1_to_6_months"}
  • {"causal_chain":"Distillery expansion raises water-treatment, zero-liquid-discharge and spent-wash management requirements, generating orders for effluent-treatment equipment and operating services.","direction":"positive","example_tickers":["IONEXCHANG","WABAG","EMSLIMITED"],"magnitude":"medium","notes":"Environmental clearances and state groundwater restrictions could delay projects but increase treatment intensity per plant.","sector":"Water and Wastewater Management","time_horizon":"1_to_6_months"}
  • {"causal_chain":"Greater movement of ethanol from producing states to depots and blending terminals increases demand for tankers, multimodal transport and specialised liquid-logistics services.","direction":"positive","example_tickers":["TCI","MAHLOG","CONCOR"],"magnitude":"small","notes":"Rail-linked ethanol movement and dedicated storage corridors would broaden the opportunity beyond road-tanker operators.","sector":"Logistics and Transportation","time_horizon":"1_to_6_months"}
  • {"causal_chain":"Higher ethanol throughput requires additional tanks, drums, pipelines and corrosion-resistant storage systems across distilleries, depots and fuel stations.","direction":"positive","example_tickers":["TIMETECHNO","MOLDTKPAC","JINDALSAW"],"magnitude":"small","notes":"The benefit is indirect and concentrated in suppliers qualified for fuel-grade storage and transport applications.","sector":"Industrial Packaging and Storage","time_horizon":"1_to_6_months"}
  • {"causal_chain":"Expansion of grain-based ethanol increases production of distillers dried grains and other protein-rich by-products, potentially lowering feed costs; diversion of maize or damaged grain into ethanol can simultaneously raise grain prices.","direction":"mixed","example_tickers":["GODREJAGRO","VENKEYS","HATSUN"],"magnitude":"medium","notes":"The net effect depends on whether additional ethanol feedstock comes mainly from sugarcane, surplus rice or maize.","sector":"Animal Feed and Poultry","time_horizon":"1_to_6_months"}
  • {"causal_chain":"Greater domestic ethanol availability can support ethanol-derived solvents, acetates and bio-based chemicals, while competition from fuel blending may raise feedstock costs for industrial alcohol users.","direction":"mixed","example_tickers":["INDIAGLYCO","JUBLINGREA","LAXMIORG"],"magnitude":"medium","notes":"Integrated producers may benefit more than chemical manufacturers purchasing alcohol at market prices.","sector":"Specialty Chemicals","time_horizon":"1_to_6_months"}
  • {"causal_chain":"Higher and more predictable cane demand encourages acreage retention and yield-enhancement spending, supporting fertilisers, crop-protection products and irrigation inputs; excessive cane expansion could later face water-use restrictions.","direction":"positive","example_tickers":["COROMANDEL","DHANUKA","RALLIS"],"magnitude":"small","notes":"Impact is strongest in major sugarcane belts and may be diluted if policy increasingly favours grain-based ethanol.","sector":"Agricultural Inputs","time_horizon":"1_to_6_months"}
  • {"causal_chain":"Distillery reactors, fermentation vessels, pipelines and ethanol storage tanks require corrosion-resistant steel, increasing specialised stainless-steel demand as blending capacity expands.","direction":"positive","example_tickers":["JSL","SAIL","RATNAMANI"],"magnitude":"small","notes":"Likely a modest demand increment nationally but potentially meaningful for specialised tube and process-equipment suppliers.","sector":"Metals and Stainless Steel","time_horizon":"1_to_6_months"}

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

21 Nov 2023interim₹4
21 Apr 2023interim₹4
22 Nov 2022interim₹5.5
10 Mar 2022interim₹5.5
17 Nov 2021interim₹5.5
4 Apr 2019interim₹1
12 Feb 2019interim₹2
25 Jul 2018unspecified₹3

Splits, bonuses & buybacks

  • daily-prices repair: 9 rows from NSE's archive (replace 1, delete 1, insert 7), 2016-10-30..2026-02-01 (docs/flat_day_repair.md)1× · 30 Oct 2016

Bulk & block deals

DateWhoBought / soldSharesPrice
10 Aug 2026SBI MUTUAL FUNDBUY22,15,000₹795.00
10 Aug 2026SAGEONE INVESTMENT MANAGERS LLPSELL22,15,000₹795.00

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.