Piccadily Sugar & Allied Inds Ltd

Piccadily Sugar & Allied Inds Ltd

₹ 65.9 2.00%
22 Jul 12:19 p.m.
About

Incorporated in 1993, Piccadily Sugar
& Allied Industries Ltd is in the sugar
mills and distillery business[1]

Key Points

Product Profile:[1]
a) White Crystal Sugar from Sugar cane
b) Rectified Spirit
c) Extra Neutral Alcohol from molasses /rice /wheat
d) Ethanol
e) IMFL, PML and Country Liquor

  • Market Cap 153 Cr.
  • Current Price 65.9
  • High / Low 92.5 / 17.1
  • Stock P/E
  • Book Value 5.24
  • Dividend Yield 0.00 %
  • ROCE -21.0 %
  • ROE -34.3 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 12.6 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -31.9% over past five years.
  • Company has a low return on equity of -17.6% over last 3 years.
  • Company might be capitalizing the interest cost
  • Company has high debtors of 232 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
9.02 6.27 7.69 8.40 7.26 5.15 3.30 5.79 3.20 1.74 1.24 1.01 0.85
9.80 6.18 6.67 7.67 7.62 5.99 4.17 6.21 4.76 2.07 2.31 2.35 1.24
Operating Profit -0.78 0.09 1.02 0.73 -0.36 -0.84 -0.87 -0.42 -1.56 -0.33 -1.07 -1.34 -0.39
OPM % -8.65% 1.44% 13.26% 8.69% -4.96% -16.31% -26.36% -7.25% -48.75% -18.97% -86.29% -132.67% -45.88%
4.78 0.49 0.11 0.53 1.06 1.22 0.67 0.23 1.89 0.26 0.79 0.18 2.77
Interest 0.12 0.11 0.10 0.09 0.09 0.08 0.07 0.07 0.07 0.03 -0.00 -0.00 -0.00
Depreciation 1.00 0.86 0.90 0.73 0.73 0.72 0.72 0.72 0.72 0.73 0.72 0.72 0.72
Profit before tax 2.88 -0.39 0.13 0.44 -0.12 -0.42 -0.99 -0.98 -0.46 -0.83 -1.00 -1.88 1.66
Tax % -8.68% -43.59% -84.62% 84.09% -50.00% -126.19% 17.17% -29.59% -30.43% -28.92% -24.00% -26.60% 49.40%
3.12 -0.22 0.24 0.07 -0.07 0.11 -1.16 -0.70 -0.33 -0.59 -0.76 -1.38 0.83
EPS in Rs 1.34 -0.09 0.10 0.03 -0.03 0.05 -0.50 -0.30 -0.14 -0.25 -0.33 -0.59 0.36
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
20.43 14.29 12.20 10.56 7.88 7.46 33.01 38.89 23.75 29.62 17.35 4.84
19.36 12.79 11.06 9.23 7.64 9.69 30.32 38.69 24.79 28.15 21.03 7.97
Operating Profit 1.07 1.50 1.14 1.33 0.24 -2.23 2.69 0.20 -1.04 1.47 -3.68 -3.13
OPM % 5.24% 10.50% 9.34% 12.59% 3.05% -29.89% 8.15% 0.51% -4.38% 4.96% -21.21% -64.67%
0.61 0.96 1.45 1.46 2.65 5.07 1.70 4.27 5.50 2.19 4.00 4.00
Interest 0.28 0.30 0.30 0.30 0.26 0.13 0.59 0.60 0.49 0.39 0.29 0.03
Depreciation 2.99 2.14 2.49 2.48 2.53 2.66 3.31 3.63 3.51 3.22 2.89 2.89
Profit before tax -1.59 0.02 -0.20 0.01 0.10 0.05 0.49 0.24 0.46 0.05 -2.86 -2.05
Tax % -56.60% 400.00% 35.00% -100.00% 10.00% 340.00% 32.65% 91.67% -97.83% 80.00% -27.62% -7.32%
-0.69 -0.06 -0.26 0.02 0.09 -0.12 0.33 0.02 0.91 0.01 -2.07 -1.90
EPS in Rs -0.30 -0.03 -0.11 0.01 0.04 -0.05 0.14 0.01 0.39 0.00 -0.89 -0.82
Dividend Payout % -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00%
Compounded Sales Growth
10 Years: -10%
5 Years: -32%
3 Years: -41%
TTM: -72%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -36%
Stock Price CAGR
10 Years: 28%
5 Years: 59%
3 Years: 58%
1 Year: 254%
Return on Equity
10 Years: -9%
5 Years: -13%
3 Years: -18%
Last Year: -34%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 23.22 23.22 23.22 23.22 23.22 23.22 23.22 23.22 23.22 23.25 23.25 23.25
Reserves -7.95 -8.01 -8.27 -8.25 -8.16 -8.28 -7.95 -7.93 -7.02 -7.01 -9.16 -11.06
2.98 7.01 8.14 8.57 0.27 4.16 5.35 4.27 4.51 3.36 2.69 15.22
24.60 21.59 18.10 19.62 26.83 30.42 38.27 32.04 29.66 28.28 36.42 41.26
Total Liabilities 42.85 43.81 41.19 43.16 42.16 49.52 58.89 51.60 50.37 47.88 53.20 68.67
34.39 33.00 31.65 30.92 28.50 36.83 42.17 38.66 34.99 32.87 30.18 27.23
CWIP 0.82 3.42 3.55 3.20 3.99 0.35 0.08 0.08 0.08 0.29 4.37 24.61
Investments -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 0.01 0.01 -0.00 -0.00 -0.00
7.64 7.39 5.99 9.04 9.67 12.34 16.64 12.85 15.29 14.72 18.65 16.83
Total Assets 42.85 43.81 41.19 43.16 42.16 49.52 58.89 51.60 50.37 47.88 53.20 68.67

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0.03 3.37 1.11 1.46 7.93 1.49 6.55 -2.10 0.31 3.63 3.96 4.00
-0.12 -3.34 -1.30 -1.40 -3.97 -3.94 -7.26 2.89 0.38 -1.24 -2.75 -17.60
-0.00 0.07 -0.03 0.08 -4.06 3.80 0.41 -1.75 -0.09 -2.48 -1.03 12.98
Net Cash Flow -0.09 0.10 -0.22 0.15 -0.10 1.34 -0.29 -0.96 0.60 -0.09 0.19 -0.63

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 4.11 -0.00 0.30 0.69 0.93 10.76 62.25 14.74 52.25 26.49 71.53 232.27
Inventory Days 128.98 261.08 151.30 974.50 378.27 478.01 93.50 89.44 195.22 203.13 260.11 475.12
Days Payable 1,000.06 1,662.78 1,321.96 2,933.97 1,899.33 2,674.12 670.29 418.36 669.23 625.26 1,183.57 4,224.10
Cash Conversion Cycle -866.96 -1,401.70 -1,170.35 -1,958.78 -1,520.13 -2,185.34 -514.54 -314.19 -421.75 -395.64 -851.93 -3,516.71
Working Capital Days -339.45 -413.28 -414.36 -433.09 -1,032.47 -1,205.58 -282.29 -205.17 -266.03 -208.13 -453.57 -2,091.96
ROCE % -4.93% 1.58% 0.57% 1.33% 1.85% -18.59% -0.00% -10.45% 4.47% 2.18% -21.00% -20.95%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
74.98% 74.98% 74.98% 74.98% 74.98% 74.98% 74.98% 74.98% 74.98% 74.98% 74.98% 74.98%
25.02% 25.02% 25.02% 25.02% 25.02% 25.03% 25.02% 25.02% 25.03% 25.04% 25.03% 25.02%
No. of Shareholders 46,22146,62247,08847,54247,42147,45747,21746,98847,53348,42949,44549,632

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