Shares of EID Parry (India) Ltd rose nearly 2% on Thursday after PPFAS Mutual Fund, through its schemes, increased its stake in the company through open market purchases.
The stock touched an intraday high of ₹723.90, up 1.94% from the previous close of ₹710.10. It later pared some gains and was trading at ₹715.50.
EID Parry has a market capitalisation of ₹12,730.61 crore.
PPFAS raises stake to 5.83%
According to the disclosure, PPFAS Mutual Fund acquired an additional 17.40 lakh shares of EID Parry on June 9, 2026.
Before the transaction, the fund held:
- 86.39 lakh shares
- A 4.86% stake
Following the purchase, its holding increased to:
- 1,03,79,279 shares
- A 5.83% stake
The acquisition was carried out through the open market and resulted in the fund crossing the 5% ownership threshold.
Production capacity
EID Parry operates an integrated sugar and bio-energy business.
Its installed capacities include:
- Sugarcane crushing capacity: 40,800 TCD (tonnes crushed per day)
- Co-generation power capacity: 140 MW
- Distillery capacity: 582 KLPD (kilolitres per day)
The company employs more than 2,300 people.
FY27 priorities
For FY27, the company plans to focus on:
- Maximising revenue from sugar, co-generation and distillery operations.
- Reducing fixed costs.
- Improving operational efficiency.
- Strengthening working capital management.
- Enhancing cash flow generation.
The company is also increasing engagement with farmers to improve sugarcane yields and recovery rates.
New jaggery plant planned
EID Parry is investing in a new jaggery manufacturing facility in Karnataka.
The plant will cater to:
- Retail markets.
- Institutional customers.
- Export markets.
The company expects the facility to be commissioned during the third quarter of FY27.
Quarterly performance
Revenue for Q4 FY26 rose to ₹7,882 crore, compared with ₹6,811 crore in the corresponding quarter of FY25, an increase of 15.72%.
However, the company reported a net loss of ₹287 crore in Q4 FY26, against a net profit of ₹539 crore a year earlier.
Over the last five years, revenue and net profit have recorded CAGR growth of 16% and 8%, respectively.
Key ratios
As per the company’s financial metrics:
- ROCE: 17.8%
- ROE: 8.30%
- EPS: ₹32
- Debt-to-equity ratio: 0.40 times
About the company
Headquartered in Chennai, EID Parry (India) Ltd is part of the Murugappa Group.
The company operates in the sugar, ethanol and bio-energy businesses and is among India’s established integrated players in the sector.
TL;DR:
EID Parry shares rose after PPFAS Mutual Fund bought 17.40 lakh shares through the open market. The purchase increased the fund’s stake from 4.86% to 5.83%, taking its total holding to over 1.03 crore shares.
AI summary:
- EID Parry shares gained nearly 2%.
- PPFAS Mutual Fund bought 17.40 lakh shares on June 9.
- The fund’s stake increased from 4.86% to 5.83%.
- EID Parry has a sugarcane crushing capacity of 40,800 TCD.
- The company plans to commission a new jaggery facility in Karnataka in Q3 FY27.
