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Pioneer Distilleries Ltd Stock Analysis

Small Cap
Evaluated by 333 users | BSE: 531879 | NSE: PIONDIST |
Breweries & Distilleries
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...

Analysis of Financial Track Record

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.
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed -17.78%-14.02%-23.86%-14.4%172.25%-671.07%-16.59%32.71%-12.99%-40.3%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 53.6104104146182190113302138172
Y-o-Y Gr. Rt.-95.1%-0.8%40.7%24.7%4.4%-40.5%167%-54.1%24%
Adjusted EPS (Rs.) -22.72-18.9-20.81-15.91-16.1716.37-22.4751.3-50.1-110.83
Y-o-Y Gr. Rt.-NANANANANA-237.3%NA-197.7%NA
Book Value per Share (Rs.) 8.67-5.48-22.89-43.42-68.43-10.97-33.5319.08-31.11-142.28
Adjusted Net Profit -30.4-25.3-27.9-21.3-21.721.9-30.168.7-67.1-148
Net Op. Cash Flow (Rs. Cr.) -59.4-17.59.858.277.950.634.8-14.3-90.929.3
Debt to Cash Flow from Ops -2.09-5.9111.570.840.586.61-21.44-4.6914.53
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Pioneer Distilleries Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 13.8%-1.2%14.9%24%
Adjusted EPS NANANANA
Book Value per Share -236.5000
Share Price 10.2% -12.1% -16.2% -10.3%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) -116.6-1170.99146.9348.0128.92-41.26101.11-712.76835.89127.86
Operating Profit Margin (%) -35.49-2.95-7.495.8115.8242.812.7852.41-16.96-9.22
Net Profit Margin (%) -56.8-24.23-26.88-14.61-11.9111.55-26.6222.76-48.48-86.5
Debt to Equity 10.68-14.14-3.51-1.57-0.71-2.01-5.1211.97-10.24-2.23
Working Capital Days 378214291231170257443260749555
Cash Conversion Cycle 15464633113-3611185125
Entity Percentage Holding
Promoters 75.00%
Non-Institutions 25.00%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Pioneer Distilleries Ltd's performance infers:

Pioneer Distilleries Ltd earnings have grown by 0%, whereas share price has depreciated -12.1% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Pioneer Distilleries Ltd share prices over the last 10 years. Here is what we found out:

Pioneer Distilleries Ltd share price has depreciated 3.7% annually over the past ten years.

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

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)
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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