About Parry Agro Industries Limited
Parry Agro Industries Limited is one of the leading producers of CTC, Orthodox, Organic and Green teas, in India, is a part of the Murugappa Group, which is one of India’s leading business conglomerates in India. The Group has 28 businesses including nine listed Companies traded in NSE & BSE.
Parry Agro Industries Limited was incorporated on 23 March 2011 and is registered at Registrar of Companies, Chennai. The main business of the company is the cultivation and manufacture of Tea. The company has estates across the best tea regions in India. In South India, its estates are spread across Sheikalmudi, Murugalli, Paralai and Iyerpadi, in the Annamalai Hills; Attikunna and Carolyn, in the Nilgiris–Wayanad region; and in Assam, at Deckiajuli, along the banks of the river Brahmaputra. These estates produce some of the finest Indian teas. Parry Agro estates spread over 3,210 hectares and produce around 14 million kilograms annually.
The company is one of the pioneers in organic tea cultivation and is known for its sustainable cultivation techniques. The company has segregated buffer zones and zero-tolerance for anything inorganic, and use bio-nutrients and repellents, and practice natural pest-control methods.
With consistent quality Parry Agro is amongst the few plantation Companies in the world with a dedicated R&D, accredited with a NABL certification, for chemical and microbial testing facilities. Over the last five decades, the brand has been reputed as one of the premier tea growers has been well established across the globe.
23rd March 2011
Category/Sub-category of the Company
Company Limited by Shares /
Indian Non-Government Company
Address of the Registered office and contact details
Parry House, 5th floor, No.43, Moore Street,
Chennai -600 001.
Tel. : + 91 044 2530 6852
Fax : + 91 044 2535 8114
Name, Address and Contact Details of
Registrar and Transfer Agent, if any
KFin Technologies Private Limited
(formerly Karvy Fintech Private Limited)
Karvy Selenium, Tower B, Plot No.31 & 32,
Gachibowli, Financial District, Nanakramguda,
Hyderabad - 500 032.
Tel : + 91 40 2342 0815 - 24
Toll-Free: 1 - 800 3454001
Fax : + 91 40 2342 0814
PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY
Name and Description of main products/services
NIC Code of the product/service
% to total turnover of the Company
Manufacturing and selling of Tea
BOARD OF DIRECTORS
Mr. M.M. Venkatachalam (Non-Executive Chairman)
Mr. Ramesh Rajah (Non-Executive Director)
Mr. Nandlal Ganguli (Independent Director)
Mr. Ramesh K B Menon (Independent Director)
Mr. T. Jayaraman (Independent Director)
Mr. A. Sridhar (Additional Director)
PARTICULARS OF SUBSIDIARY AND ASSOCIATE COMPANIES
Name of the Company
% of shares held
Ambadi Investments Limited
PARRY AGRO INDUSTRIES LIMITED UNLISTED SHARE DETAILS
Total Available Shares:
Rs. 10 Per Equity Share
Last Traded Price
Rs. 450.82 Crore
(As on 31-03-2020)
Number of shares
% of total Shares of the company
AMBADI INVESTMENTS LIMITED
M A M ARUNACHALAM
India is the second-largest producer of Tea in the world. Not only that, but India is also a leading consumer of Tea. Indian Tea is considered to be the finest tea in the world. North East and North Bengal are known to be the main tea-growing regions of India. However, Tea is also grown in Nilgiris in South India at a very large level. Assam is the largest tea-producing state of India followed by West Bengal. South India accounts for 1/5th of the industry. India produces various varieties of Tea including CTC Tea, Orthodox Tea, Green Tea, etc.
Total Tea exports in FY 2020 stood at US$ 826.47 million as against US$ 830.90 million in FY 2019. India attained the highest exports of Tea in the year 2017. However, India does not export much in the case of Tea, as around 80% of the produce is consumed in the country only. India is the world leader in the production and consumption of tea for the last 150 years. India is the 4th largest exporter of tea after Kenya, China, and Sri Lanka. But in 2019, India became the 2nd largest tea producer in the world and produced around 1,339.70 million kg. India accounts for around 31% of the world’s production of Tea. In January 2021, India produced 16.05 million kg of tea.
The tea market is growing significantly in India. It is projected to grow at a CAGR of 4.2% from 2021 to 2026. Indian Government has established the ‘Tea Board of India’ in 1954. It performs developmental and regulatory functions of the tea industry in India. It also undertakes direct promotional activities for tea producers of India.
PROFIT & LOSS STATEMENT OF PARRY AGRO INDUSTRIES LIMITED (In Rs. Lakhs)
Revenue from Operations
Profit Before Tax
Profit After Tax (PAT)
BALANCE SHEET OF PARRY AGRO INDUSTRIES LIMITED (In Rs. Lakhs)
NON CURRENT ASSETS
Other noncurrent assets
TOTAL NON CURRENT ASSETS
Cash and cash equivalents
Other current assets
TOTAL CURRENT ASSETS
EQUITY AND LIABILITIES
Equity share capital
NON CURRENT LIABILITIES
TOTAL NON CURRENT LIABILITIES
Other current liabilities
TOTAL CURRENT LIABILITIES
TOTAL EQUITY AND LIABILITIES
Dividend (final + interim) (In Rs.)
PERFORMANCE OF THE COMPANY
Revenue from Operations decreased by 3.51% from Rs.18,010.82 lakhs in FY 2019 to Rs. 17,378.19 lakhs in FY 2020.
EBITDA of the company decreased by 77.54% from Rs. 712.73 lakhs in FY 2019 to Rs. 160.06 lakhs in FY 2020. EBITDA margins of the company decreased from 3.96% in FY 2019 to 0.92% in FY 2020.
Net Profit of the company decreased by 140.39% i.e. from Rs. 504.36 lakhs in FY 2019 to a loss of Rs.203.73 lakhs in FY 2020. PAT margins decreased from 2.80% in FY 2019 to -1.17% in FY 2020.
The current Ratio of the company as of 31st March 2020 was 1.66.
The debt to Equity ratio of the company as of 31st March 2020 was 0, as there was no debt.
Book value per share of the company as of 31st March 2020 stood at Rs.221.57.
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