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Pioneer Distilleries Ltd. - (Amalgamated) (PIONDIST)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 531879 NSE: PIONDIST Breweries & Distilleries | Small Cap | Pioneer Distilleries Share Price

₹180.90 0.00 (0.00%)

As on 05-Jan'23 18:21

Pioneer Distilleries Ltd. - (Amalgamated) (PIONDIST)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 531879 NSE: PIONDIST Breweries & Distilleries | Small Cap | Pioneer Distilleries Share Price

₹180.90 0.00 (0.00%)

As on 05-Jan'23 18:21

Key Metrics
Valuation Multiples
Market Cap
₹242 Cr.
Current Price
₹180.9
52-Week Low / High
₹166 / 182
TTM EPS
₹-53.3
TTM Sales
₹226 Cr.
Book Value per Share
₹-292.5
P/E Ratio
0.00
Industry PE
59.1
Price to Book (P/B)
-0.62
Price to Sales (P/S)
1.07
EV/EBITDA
-386.67
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
0.00%
Return on Capital Employed (ROCE)
-24.72%
Return on Assets (ROA)
-18.56%
Operating Profit Margin
-3.2%
Net Profit Margin
-33.99%
Gross Profit Margin
-17.8%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
26.46%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
75.00%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹-405 Cr.
Equity
₹13.4 Cr.
Face Value
₹10
All Time Low / High
₹9.55 / 410.00

Pioneer Distilleries . - (Amalgamated) stock performance

Key Ratios
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10 Year X-Ray : Login to view analysis.

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.
Pioneer Distilleries Ltd. - (Amalgamated) has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % -19.7%-4%164.5%0%-24.2%48.2%-18.9%-17.9%-26.2%-24.7%-
Value Creation
Index
NANANANANA2.4NANANANA-

Growth Parameters

Sales 104146182190113302138172167212226
Sales YoY Gr.-40.7%24.7%4.4%-40.5%167%-54.1%24%-2.4%26.5%-
Adj EPS -20.8-15.9-16.216.4-22.551.3-50.1-110.8-64.9-53.8-53.3
YoY Gr.-NANANA-237.3%NA-197.7%NANANA-
BVPS (₹) -22.9-43.4-68.4-11-33.519.1-31.1-142.3-207.5-261.2-292.5
Adj Net
Profit
-27.9-21.3-21.721.9-30.168.7-67.1-148-86.8-72.1-71
Cash Flow from Ops. 9.858.277.950.634.8-14.3-90.929.35.324.2-
Debt/CF from Ops. 111.60.80.66.6-21.4-4.714.587.419.7-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 8.3%13.4%15.2%26.5%
Adj EPS NANANANA
BVPSNANANANA
Share Price 2% 6.4% - -

Key Financial Parameters

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on
Equity %
146.94828.9-41.3101.1-712.8835.9127.937.12319.3
Op. Profit
Mgn %
-7.55.815.842.82.852.4-17-9.2-14.7-3.3-2.2
Net Profit
Mgn %
-26.9-14.6-11.911.6-26.622.8-48.5-86.5-51.9-34-31.6
Debt to
Equity
-3.5-1.6-0.7-2-5.112-10.2-2.2-1.7-1.4-
Working Cap
Days
29123117025744326074955548533881
Cash Conv.
Cycle
633113-361118512514597-296

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22
Sales103.63145.78181.78189.83113301.73138.38171.54167.40211.70
Operating Expenses + 111.39137.30153.02108.56109.87143.58161.85188.51192.07218.57
Manufacturing Costs7.757.309.8510.8620.4918.6723.7328.4633.2129.55
Material Costs93.95117.48126.6577.5973.84102.6393.56136.99133.09160.28
Employee Cost 4.836.098.2811.297.6610.5310.1511.0712.8416.15
Other Costs 4.866.438.248.837.8711.7534.4111.9912.9312.59
Operating Profit -7.768.4828.7681.273.14158.15-23.47-16.97-24.67-6.87
Operating Profit Margin (%) -7.5%5.8%15.8%42.8%2.8%52.4%-17.0%-9.9%-14.7%-3.2%
Other Income + 0.020.010.660.010.042.814.378.343.373.14
Exceptional Items 0000000000
Interest 10.3019.1039.2424.0119.3222.5429.3633.5932.1333.86
Depreciation 9.2710.6823.8725.5327.3336.6148.6146.9033.1434.37
Profit Before Tax -27.31-21.30-33.6831.75-43.47101.81-97.07-89.12-86.57-71.96
Tax 0.540-12.039.83-13.3931.80-29.9960.0700
Profit After Tax -27.86-21.30-21.6521.92-30.0870.01-67.08-149.19-86.57-71.96
PAT Margin (%) -26.9%-14.6%-11.9%11.6%-26.6%23.2%-48.5%-87.0%-51.7%-34.0%
Adjusted EPS (₹)-20.8-15.9-16.216.4-22.552.3-50.1-111.0-64.7-53.7
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Pioneer Distilleries - 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!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22

Equity and Liabilities

Shareholders Fund + -30.61-58.10-91.58-14.65-44.8525.58-41.63-190.48-277.85-349.75
Share Capital 13.4213.4213.4213.4213.4213.4213.4213.4213.4213.42
Reserves -44.03-71.52-105-28.07-58.2712.16-55.05-203.90-291.27-363.17
Debt +86.6167.2645.8818.64227.87303.45422.54422.45456.51475.40
Long Term Debt71.6752.2032.2415.87148.18145.53141.71139.45137.60136.27
Short Term Debt14.9415.0613.642.7679.69157.92280.83283318.91339.13
Minority Interest0000000000
Trade Payables26.9724.9028.2112.6622.8722.0722.1619.7616.3927.28
Others Liabilities 209.81294.52366.19316.85206.99222.19115191.06205.54221.77
Total Liabilities 292.78328.59348.69333.50412.88573.29518.07442.79400.59374.70

Fixed Assets

Net Fixed Assets +136.14190.18175.45164.17166.72278.06239.83194.38191.19175.44
Gross Block184.33260.88270.02189.70219.57367.48376.70371.88394.55408.83
Accumulated Depreciation48.1970.7094.5725.5352.8689.42136.87177.50203.36233.39
CWIP 65.1042.0639.5931.80108.083.511.272.3610.186.01
Investments 0000000000
Inventories39.3937.7847.8812.6954.434157.5491.4270.8479.53
Trade Receivables1.080.890.320.741.420.190.110.0100
Cash Equivalents 0.621.472.100.740.330.220.270.740.010.01
Others Assets 50.4456.2183.34123.3581.90250.31219.05153.88128.37113.71
Total Assets 292.78328.59348.69333.50412.88573.29518.07442.79400.59374.70

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22
Cash Flow From Operating Activity + 9.7858.2177.9350.5934.75-14.28-90.9229.285.2524.22
PBT -27.31-21.30-33.6831.75-43.47101.81-97.07-89.12-86.57-71.96
Adjustment 19.5829.7964.6050.8346.6156.71100.4973.6264.6364.93
Changes in Working Capital 18.0649.7147.01-31.631.83-159.85-94.3444.7827.2331.6
Tax Paid -0.5400-0.38-0.22-12.9500-0.04-0.35
Cash Flow From Investing Activity + -36.07-38.68-18.51-6-92.84-50.69-11.38-4.95-17.27-18.44
Capex -36.07-38.68-18.51-6.04-92.86-50.70-11.40-4.95-17.27-18.44
Net Investments 0000000000
Others 0000.040.020.010.02000
Cash Flow From Financing Activity + 25.06-18.69-58.80-45.9457.6864.86102.35-23.8611.29-5.78
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 35.056.18-19.9500000-3.02-2.34
Interest Paid -10.30-19.12-39.23-9.38-7.14-11.58-17.91-22.20-21.60-23.66
Dividend Paid 0000000000
Others 0.31-5.760.38-36.5664.8276.44120.26-1.6635.9120.22
Net Cash Flow -1.230.850.63-1.36-0.41-0.110.050.47-0.730

Financial Ratio

PARTICULARSMar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22
Ratios
ROE (%)N/AN/AN/AN/AN/A0N/AN/AN/AN/A
ROCE (%)N/AN/AN/AN/AN/A48.15N/AN/AN/AN/A
Asset Turnover Ratio0.380.470.720.560.30.610.250.360.40.55
PAT to CFO Conversion(x)N/AN/AN/A2.31N/A-0.2N/AN/AN/AN/A
Working Capital Days
Receivable Days8.202.500.9013.5010.400.1000
Inventory Days110.609664.2058.10108.3057.70130158.50176.90129.60
Payable Days71.3080.6076.5096.1087.8079.9086.3055.9049.6049.70

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Pioneer Distilleries Ltd. - (Amalgamated) FAQs

The current trading price of Pioneer Distilleries on 05-Jan-2023 18:21 is ₹180.9.

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 04-Jan-2023 the market cap of Pioneer Distilleries stood at ₹242.2 Cr

The latest P/E ratio of Pioneer Distilleries as of 04-Jan-2023 is 0.00.

The latest P/B ratio of Pioneer Distilleries as of 04-Jan-2023 is -0.62.

The 52-week high of Pioneer Distilleries is ₹181.5 and the 52-week low is ₹166.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Pioneer Distilleries is ₹226 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Pioneer Distilleries Ltd. - (Amalgamated) is a below average quality company.

The key valuation ratios of Pioneer Distilleries Ltd. - (Amalgamated)'s currently when compared to its past seem to suggest it is in the Fair zone.

No data found

About Pioneer Distilleries Ltd. - (Amalgamated)

Pioneer Distilleries was originally incorporated as a public limited company on November, 25, 1992 under the name ‘Ganga Orgchem Limited’. Subsequently the name of the company was changed to Pioneer Distilleries. The registered office of the company is situated in Nanded District in Maharashtra .

Promoted by K.V. Rajeshwar Rao,   K. Sudhir Rao, K. Suhan Rao and L. Venkateswara Rao, the company began its commercial production in the year 1999. Since then under the able guidance and expertise of the promoters coupled with continued support and co-operation from other independent directors and institutional nominees on the board, the company has been able to strengthen its performance and embark upon expansion programmes. In the year 1994, the company embarked upon setting up a stand alone distillery with the main objective to manufacture Extra Neutral Alcohol (ENA) Rectified Spirit (RS) and Special Denatured Spirit (SDS) with a total capacity of 150 lakh litres per annum.  In 1996, to raise resources, the company made public issue of equity shares thus taking into its fold resident, non resident and institutional investors. The company is now listed with the Stock Exchange, Mumbai and the Pune Stock Exchange Limited. 

PDL’s plant is at Nanded Maharashtra, which is located near many sugar factories that ensure regular and cheap supply of its raw material i.e. molasses. During FY07, company doubled its production capacity from 50 KLPD to 100 KLPD (kilo litres per day) and is currently running at 100% capacity utilization. Hence it is planning to further double the installed capacity to 200 KLPD for which statutory permission from the excise has been received.

On the back of increased demand for ethanol product from petroleum companies, PDL is also contemplating to increase the capacity of ethanol plant from 30,000 to 130,000 ltrs per day. In addition it is also looking to set up acetic acid plant of 30 MT per day and ethyl acetate of 20 MT per day capacity. Apart from all these, company is setting up a 5 MW biogas based power generation project and additional effluent treatment plant to become a zero discharge company in the future. Both of these are expected to commence operation by August 2008 through a capex of Rs 40 cr. Notably, PDL is entitled to get carbon credits for its biogas power project and hence is in the process of tying up with a reputed organization based in UK for getting the registration with UNFCCC. However the power generated will be sold to Maharashtra power grid thereby generating extra source of income.

Product range of the company includes:

  • Extra Neutral Alcohol
  • Rectified Spirit
  • Special Denatured Spirit
  • Absolute Alcohol (Ethanol)
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