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Piccadily Agro Industries Ltd (PICCADIL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 530305 NSE: PICCADIL Breweries & Distilleries | Small Cap | Piccadily Agro Inds. Share Price

₹615.85 -3.85 (-0.62%)

As on 04-Sep'26 16:59

Piccadily Agro Industries Ltd (PICCADIL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 530305 NSE: PICCADIL Breweries & Distilleries | Small Cap | Piccadily Agro Inds. Share Price

₹615.85 -3.85 (-0.62%)

As on 04-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹6,071 Cr.
Current Price
₹615.9
52-Week Low / High
₹515 / 810
TTM EPS
₹14.5
TTM Sales
₹1,170 Cr.
Book Value per Share
₹93.7
P/E Ratio
42.61
In line with its 5-year historical median
Industry PE
53.1
Price to Book (P/B)
6.57
In line with its 5-year historical median
Price to Sales (P/S)
5.19
Higher than its 5-year historical median
EV/EBITDA
25.68
In line with its 5-year historical median
Dividend Yield
0.16%
Profitability Efficiency
Return on Equity (ROE)
17.63%
Outperforms industry median
Return on Capital Employed (ROCE)
18.16%
Outperforms industry median
Return on Assets (ROA)
9.92%
Operating Profit Margin
22.7%
Net Profit Margin
13.45%
Gross Profit Margin
19%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
26.86%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
27.33%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
33.35%
Asset Quality
Promoter Holding
68.57%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹825 Cr.
Equity
₹98.6 Cr.
Face Value
₹10
All Time Low / High
₹0.12 / 1019.90

Piccadily Agro Industries stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Overvalued

Price Trend

Weak
Q.1 Is Piccadily Agro Industries Ltd a good quality company?
Piccadily Agro Industries Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Piccadily Agro Industries Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Piccadily Agro Industries Ltd vs industry peers?
Piccadily Agro Industries Ltd revenue CAGR is 15.42%, compared to the industry median CAGR of 15.31%, indicating stable growth and maintaining its market share.
Q.1 Promoter shareholding and pledge status of Piccadily Agro Industries Ltd?
Promoters hold 68.57% of the Piccadily Agro Industries Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Piccadily Agro Industries Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 50.4% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Piccadily Agro Industries Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 12.6%6.2%8%8.9%13.5%17.1%13.2%36.5%22.9%18.2%-
Value Creation
Index
-0.1-0.6-0.4-0.40.00.2-0.11.60.70.4-

Growth Parameters

Sales 3293343713994895746097798181,0381,170
Sales YoY Gr.-1.5%11.1%7.6%22.5%17.2%6.2%28%5%26.9%-
Adj EPS 0.90.50.61.51.93.12.69.7111414.5
YoY Gr.--44.2%22.9%161%21.4%66.3%-15.8%270.2%13.6%26.6%-
BVPS (₹) 16.316.816.217.619.321.924.436.172.291.593.7
Adj Net
Profit
8.24.65.514.517.629.424.791.5104137142
Cash Flow from Ops. 96.640.960.7-4.121.736.937.354.5-25.3117-
Debt/CF from Ops. 1.33.52.2-30.65.83.74.13.2-12.24.5-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 13.6%16.2%19.5%26.9%
Adj EPS 36.3%49.5%74.6%26.6%
BVPS21.1%36.5%55.3%26.7%
Share Price 50.1% 97.1% 71% 2.5%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
5.62.93.59.110.115.111.33220.317.315.6
Op. Profit
Mgn %
14.47.87.410.110.512.110.419.522.622.720.6
Net Profit
Mgn %
2.51.41.53.63.65.14.111.712.713.212.2
Debt to
Equity
0.80.90.90.80.70.70.70.50.50.6-
Working Cap
Days
160183187179167164164156201217117
Cash Conv.
Cycle
395125264446565911014354

Valuation of Piccadily Agro Inds. - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales3293343713994895746097798181,038
Operating Expenses + 282308344359438504546628633802
Manufacturing Costs7060626291116133148171211
Material Costs180225254269302342347357328406
Employee Cost 10101215182227314261
Other Costs 221316132723399292125
Operating Profit 47262740526963152185235
Operating Profit Margin (%) 14.4%7.8%7.4%10.1%10.5%12.1%10.4%19.5%22.6%22.7%
Other Income + 1590311178
Exceptional Items 000-20002900
Interest 17161715161413162828
Depreciation 13131313131516181923
Profit Before Tax 192711254135148144192
Tax 10-31-271210364053
Profit After Tax 85613182925112105140
PAT Margin (%) 2.5%1.4%1.5%3.3%3.6%5.1%4.1%14.4%12.8%13.5%
Adjusted EPS (₹)0.90.50.61.41.93.12.611.911.114.2
Dividend Payout Ratio (%)0%0%0%14.30%26.80%3.20%7.60%0%0%7.10%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 154159153167182207231341681902
Share Capital 95959595959595949499
Reserves 5964597288112136247587803
Debt +110121106110106120146153290500
Long Term Debt392592029265259142145
Short Term Debt7195979077949493147355
Minority Interest0000000000
Trade Payables751081491271441161321105784
Others Liabilities 84716555759184142136165
Total Liabilities 4234584734585085345927461,1631,651

Fixed Assets

Net Fixed Assets +152149148141135144195218282580
Gross Block262271283289297320386426510830
Accumulated Depreciation110122135148161176191208228250
CWIP 475046464652212618249
Investments 686868665960697781100
Inventories115132126148178174191196303410
Trade Receivables14224232515069137137243
Cash Equivalents 2318520861847145
Others Assets 2534242019454174130124
Total Assets 4234584734585085345927461,1631,651
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 974161-422373755-25117
PBT 195611254135148143192
Adjustment 4126303029292944452
Changes in Working Capital 391525-42-26-21-16-83-166-96
Tax Paid -1-4-1-3-7-12-10-15-46-32
Cash Flow From Investing Activity + -34-10-2-41-27-52-34-271-166
Capex -24-12-8-6-8-30-34-18-240-188
Net Investments -1000-07-1-9-8-4-18
Others -126123-8-9-2740
Cash Flow From Financing Activity + -62-30-44-3-9-2212-1029250
Net Proceeds from Shares 0000000004
Net Proceeds from Borrowing -45-14-28119-3267833
Interest Paid -17-16-17-15-16-14-13-16-28-28
Dividend Paid 0000-2-5-1-200
Others -000-0-000-023771
Net Cash Flow 0115-1214-12-211-52
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)5.592.943.558.2510.1315.1111.339.2620.4717.63
ROCE (%)12.556.288.9113.5217.1113.236.5222.8818.16
Asset Turnover Ratio0.830.770.80.861.011.11.131.240.930.81
PAT to CFO Conversion(x)12.138.210.17-0.311.221.281.480.49-0.240.84
Working Capital Days
Receivable Days13.2019.1031.503430.903234.3045.4056.3061.10
Inventory Days116.20132.70126.80125.20121.20111.50104.6085.20102.80114.70
Payable Days138.30148.80184.70187.40163.90138.60130.60123.9092.7063

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Piccadily Agro Industries Ltd FAQs

The current trading price of Piccadily Agro Inds. on 04-Sep-2026 16:59 is ₹615.9.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 03-Sep-2026 the market cap of Piccadily Agro Inds. stood at ₹6,070.6 Cr

The latest P/E ratio of Piccadily Agro Inds. as of 03-Sep-2026 is 42.61.

The latest P/B ratio of Piccadily Agro Inds. as of 03-Sep-2026 is 6.57.

The 52-week high of Piccadily Agro Inds. is ₹810.0 and the 52-week low is ₹515.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Piccadily Agro Inds. is ₹1,170 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Piccadily Agro Industries Ltd is a average quality company.

The key valuation ratios of Piccadily Agro Industries Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Piccadily Agro Industries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Piccadily Agro Industries Ltd

Piccadily Agro Industries, based in India, is a key player in the liquor industry. The company, rooted in agro-processing, now makes spirits. The company operates primarily in two strategic business segments: Distillery and Sugar, producing Malt Whisky, Cask Aged Rum, Extra Neutral Alcohol (ENA) and Ethanol. The company's extensive portfolio includes premium single malt whisky, blended malt whisky, premium sugarcane juice rum, and country liquor. With a strong emphasis on premiumization, the company has successfully positioned itself as a leader in the Indian single malt whisky market by leveraging its technical prowess and deep market insights.

It has launched brands like Whistler, lndri, Camikara and Cashmir. Each product has its own character and story, linked to its origins and careful making. The company's journey in the spirits market is a mix of tradition, innovation, and dedication to making great drinks. Each sip from the spirits is not just drinking alcohol. It's part of Piccadily Agro's diverse, flavourful journey in the world of spirits. Driven by a strong focus on innovation, premiumization and strategic capacity expansion, the company continues to build a future-ready business while creating long-term value for its stakeholders.

Business area of the company

The company is a prominent player in the premium spirit segment. The company has state-of-the-art manufacturing facilities, equipped with advanced technology, for the production of Malt Spirit, ENA and Ethanol.

Product Portfolio

  • Single Mal Whisky
  • Premium Sugarcane Juice Rum
  • Blended Malt Whisky
  • Cashmir Vodka

Milestones

  • 1994: Commenced operations with a sugar manufacturing unit
  • 2007: Commissioned a grain-based distillery
  • 2010: Established a m alt distillery and began barrel maturation
  • 2017: Entered the branded alcoholic beverage segment with the launch of Whistler
  • 2022: Introduced Indri single malt whisky
  • 2022: Launched Camikara 12-Year-Old aged rum
  • 2023: Expanded the Indri portfolio with Dru and Diwali 2023 Edition
  • 2023: Indri Diwali 2023 Edition received the World's Best Whisky Award
  • 2023: Introduced Camikara 8-Year-Old for International markets
  • 2024: Released Indri Diwali Collectors Edition 2024
  • 2024: Rolled out Indri City Series Editions
  • 2024: Launched Camikara 3-Year-Old
  • 2024: Fund raise and capacity expansion commenced
  • 2025: Launch of Cashmir
  • 2025: Launch of Indri Agneya & Dubai City Series

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