Shares of this small-cap sugar manufacturing company have given a sweet gain; do you own it?

The company has recently reported its third-quarter results.

The previous day’s close of the company was at Rs 522. On Thursday, the shares opened at Rs 512 on BSE and made the day high at Rs 533.65 a piece. 

For the third quarter that concluded on December 31, 2022 (Q3FY23), E.I.D Parry reported a drop in net profit of 13.72% to Rs 15.78 crore from Rs 18.29 crore for the same time the previous year. Even yet, the company's overall earnings rose by 5.08% to Rs 742.09 crore for the quarter under review from Rs 706.24 crore for the same period the year before.

On a consolidated basis, the firm announced that its net profit for the third quarter of FY23 was Rs 481.60 crore, up 22.08% from Rs 394.51 crore for the same period in FY22. In the quarter under review, the company's total revenue climbed by 50 per cent to Rs 9855.36 crore from Rs 6570.76 crore for the same period the year prior.

E.I.D. Parry (India) Limited operates in the sugar and nutraceuticals industries. The Murugappa Group, one of India's top commercial giants, is home to the company, which has its headquarters in Chennai, India's "Dare House," a landmark edifice. Since its founding in 1788, "Parry" has been a familiar name. The company is proud to have established India's first sugar mill in Nellikuppam in 1842, and it still forges ahead in each of its operations today.

The 52-week high of the stock is Rs 673.30, whereas the 52-week low was Rs 386.05. Promoter’s holdings stood at 44.55 per cent, whereas Institutional and Non-Institutional holdings are 16.05 per cent and 39.36 per cent, respectively. Presently, the market cap of the company is Rs 9,349.85 crore.