Piccadily Agro Industries Ltd
Piccadily Agro Industries Ltd (PAIL), was incorporated in the year 1994 and started its commercial operations in 1997 as a sugar processing company. Later in 2007, PAIL has set up a distillery unit. At present the company is engaged in manufacturing sugar and distillery products at a manufacturing plant in Haryana. [1]
- Market Cap ₹ 5,986 Cr.
- Current Price ₹ 607
- High / Low ₹ 806 / 483
- Stock P/E 42.9
- Book Value ₹ 91.6
- Dividend Yield 0.00 %
- ROCE 18.2 %
- ROE 17.6 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 51.2% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
* 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 344 | 271 | 329 | 334 | 371 | 399 | 488 | 572 | 598 | 742 | 797 | 1,038 | |
| 316 | 248 | 282 | 308 | 344 | 359 | 437 | 503 | 535 | 590 | 612 | 802 | |
| Operating Profit | 28 | 23 | 48 | 26 | 27 | 40 | 52 | 69 | 63 | 152 | 185 | 235 |
| OPM % | 8% | 9% | 14% | 8% | 7% | 10% | 11% | 12% | 11% | 20% | 23% | 23% |
| 6 | 7 | 1 | 5 | 9 | -2 | 3 | 1 | 1 | 30 | 7 | 8 | |
| Interest | 9 | 15 | 17 | 16 | 17 | 15 | 16 | 14 | 13 | 16 | 28 | 28 |
| Depreciation | 11 | 11 | 13 | 13 | 13 | 13 | 13 | 15 | 16 | 18 | 19 | 23 |
| Profit before tax | 15 | 5 | 19 | 2 | 7 | 11 | 25 | 41 | 35 | 148 | 144 | 192 |
| Tax % | 39% | 68% | 56% | -146% | 20% | -21% | 29% | 29% | 29% | 24% | 27% | 27% |
| 9 | 2 | 8 | 5 | 6 | 13 | 18 | 29 | 25 | 112 | 105 | 140 | |
| EPS in Rs | 0.95 | 0.16 | 0.86 | 0.49 | 0.59 | 1.40 | 1.87 | 3.11 | 2.62 | 11.89 | 11.09 | 14.16 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 14% | 27% | 3% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 16% |
| 3 Years: | 20% |
| TTM: | 30% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 57% |
| 5 Years: | 51% |
| 3 Years: | 78% |
| TTM: | 33% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 53% |
| 5 Years: | 111% |
| 3 Years: | 134% |
| 1 Year: | 14% |
| Return on Equity | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 19% |
| 3 Years: | 21% |
| Last Year: | 18% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 24 | 47 | 95 | 95 | 95 | 95 | 95 | 95 | 95 | 94 | 94 | 99 |
| Reserves | 110 | 88 | 59 | 64 | 59 | 72 | 88 | 112 | 136 | 247 | 589 | 804 |
| 85 | 156 | 128 | 144 | 131 | 126 | 125 | 135 | 154 | 172 | 308 | 531 | |
| 130 | 102 | 141 | 156 | 189 | 166 | 198 | 187 | 206 | 226 | 155 | 206 | |
| Total Liabilities | 349 | 392 | 423 | 458 | 473 | 458 | 506 | 529 | 590 | 739 | 1,146 | 1,640 |
| 138 | 159 | 152 | 149 | 148 | 141 | 135 | 144 | 195 | 218 | 282 | 580 | |
| CWIP | 4 | 30 | 47 | 50 | 46 | 46 | 46 | 52 | 21 | 26 | 182 | 49 |
| Investments | 64 | 58 | 68 | 68 | 68 | 66 | 59 | 60 | 69 | 77 | 81 | 100 |
| 143 | 145 | 155 | 191 | 211 | 205 | 265 | 273 | 306 | 418 | 601 | 911 | |
| Total Assets | 349 | 392 | 423 | 458 | 473 | 458 | 506 | 529 | 590 | 739 | 1,146 | 1,640 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 44 | -6 | 98 | 41 | 61 | -4 | 22 | 37 | 37 | 55 | -25 | 117 | |
| -23 | -50 | -46 | -10 | -2 | -4 | 1 | -27 | -52 | -34 | -271 | -166 | |
| -22 | 54 | -52 | -30 | -44 | -3 | -9 | -22 | 12 | -10 | 292 | 50 | |
| Net Cash Flow | -2 | -2 | 0 | 1 | 15 | -12 | 14 | -12 | -2 | 11 | -5 | 2 |
| Free Cash Flow | 27 | -64 | 98 | 29 | 53 | -10 | 14 | 7 | 3 | 37 | -265 | -35 |
| CFO/OP | 197% | -6% | 208% | 174% | 225% | -2% | 55% | 70% | 75% | 46% | 11% | 63% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 2 | 15 | 15 | 24 | 41 | 30 | 38 | 32 | 42 | 67 | 63 | 85 |
| Inventory Days | 189 | 222 | 233 | 215 | 182 | 201 | 215 | 185 | 201 | 200 | 337 | 277 |
| Days Payable | 160 | 134 | 152 | 175 | 214 | 172 | 174 | 123 | 139 | 113 | 59 | 56 |
| Cash Conversion Cycle | 31 | 103 | 96 | 63 | 9 | 58 | 79 | 94 | 104 | 155 | 341 | 306 |
| Working Capital Days | -49 | -17 | -70 | -82 | -101 | -56 | -28 | -5 | 4 | 38 | 95 | 70 |
| ROCE % | 11% | 8% | 13% | 6% | 8% | 10% | 14% | 17% | 13% | 30% | 23% | 18% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Jun 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sugar Recovery Percentage % |
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| Sugarcane Crushed Quintals |
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| Malt Spirit Production Bulk Liters |
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| Country Liquor Production (Malta) Cases |
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| Indri Single Malt Sales Volume Cases |
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| Ethanol/ENA Distillery Capacity (Indri) KLPD |
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| Liquid Under Maturation (Number of Barrels) Units |
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| Malt Distillery Capacity (Indri) KLPD |
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| Retail Outlets Presence (India) Units |
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| Market Share of Indian Single Malt Industry % |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
24h - FY26 earnings call: crossed ₹1,000 crore sales, filed sugar demerger, guided 60%-70% FY27 growth.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 2d
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Announcement under Regulation 30 (LODR)-Investor Presentation
29 Apr - Earnings Presentation on the Audited Financial Results for the Quarter and Year ended March 31, 2026.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
28 Apr - FY26 revenue rose 28% to Rs 1,143 crore; demerger filed with SEBI, Chhattisgarh monetisation starts May 2026.
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Announcement under Regulation 30 (LODR)-Scheme of Arrangement
28 Apr - Board approved FY26 audited results, sugar business demerger into PFEL, and auditor resignation on April 28, 2026.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
from bse
Business Segments
1) Distillery[1]
The distillery segment is their core focus, encompassing bulk products (ENA, Ethanol, IMIL/Country Liquor, Malt Spirit, DOGS/DDGS) and branded IMFL (premium/luxury whiskies, rum, vodka).The division plans a strategic shift towards premium Indian Made Foreign Liquor (IMFL) brands.