Piccadily Agro Industries Ltd

Piccadily Agro Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Piccadily Agro Industries Ltd

₹ 452 5.00%
18 Apr 10:29 a.m.
picagro.com BSE: 530305
About

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]

Key Points

Products and Revenue[1]
The Company derives 43% of income from sugar segment (Sugar, Molasses, Power and Bagasse) and 57% from distillery products (Liquor, Malt, Carbondioxide Gas, Ethanol and pet bottles) in FY23 as compared to 53.61% from sugar segment and 46.39% from distillery unit in FY22.

Website BSE
  • Market Cap ₹ 4,262 Cr.
  • Current Price ₹ 452
  • High / Low ₹ 452 / 45.2
  • Stock P/E 82.4
  • Book Value ₹ 26.9
  • Dividend Yield 0.05 %
  • ROCE 13.2 %
  • ROE 11.3 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 40.1% CAGR over last 5 years

Cons

  • Stock is trading at 16.0 times its book value
  • Company has a low return on equity of 12.2% over last 3 years.
  • Earnings include an other income of Rs.29.8 Cr.

* 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.

Peer comparison

Sector: Alcoholic Beverages Industry: Breweries & Distilleries

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
89 153 206 91 110 166 184 110 115 200 219 114 178
79 147 182 72 102 148 166 99 97 184 194 89 143
Operating Profit 11 6 24 19 8 18 18 11 18 16 25 25 35
OPM % 12% 4% 11% 21% 7% 11% 10% 10% 15% 8% 11% 22% 20%
0 2 0 0 0 0 0 0 0 0 0 0 29
Interest 4 3 3 4 3 3 3 3 4 3 4 5 3
Depreciation 3 3 3 4 4 4 4 4 4 4 6 4 4
Profit before tax 4 2 17 11 1 12 11 4 10 10 15 16 57
Tax % 25% 32% 26% 22% 21% 41% 27% 19% 27% 36% 25% 25% 21%
3 1 12 9 1 7 8 4 7 6 11 12 45
EPS in Rs 0.29 0.13 1.32 0.92 0.11 0.76 0.84 0.37 0.73 0.67 1.21 1.26 4.80
Raw PDF
Upcoming result date: 22 April 2024

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
227 327 376 344 271 329 334 371 399 488 572 598 710
197 283 330 316 248 282 308 344 359 437 503 535 610
Operating Profit 30 44 46 28 23 48 26 27 40 52 69 63 101
OPM % 13% 13% 12% 8% 9% 14% 8% 7% 10% 11% 12% 11% 14%
7 5 5 6 7 1 5 9 -2 3 1 1 30
Interest 9 10 8 9 15 17 16 17 15 16 14 13 14
Depreciation 7 8 10 11 11 13 13 13 13 13 15 16 18
Profit before tax 21 30 33 15 5 19 2 7 11 25 41 35 98
Tax % 28% 31% 36% 39% 68% 56% -146% 20% -21% 29% 29% 29%
15 21 21 9 2 8 5 6 13 18 29 25 75
EPS in Rs 1.62 2.21 2.25 0.95 0.16 0.86 0.49 0.59 1.40 1.87 3.11 2.62 7.94
Dividend Payout % 16% 11% 0% 0% 0% 0% 0% 0% 14% 27% 3% 8%
Compounded Sales Growth
10 Years: 6%
5 Years: 12%
3 Years: 14%
TTM: 24%
Compounded Profit Growth
10 Years: 2%
5 Years: 40%
3 Years: 20%
TTM: 103%
Stock Price CAGR
10 Years: 46%
5 Years: 111%
3 Years: 240%
1 Year: 784%
Return on Equity
10 Years: 9%
5 Years: 10%
3 Years: 12%
Last Year: 11%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 24 24 24 24 47 95 95 95 95 95 95 95 95
Reserves 63 81 102 110 88 59 64 59 72 88 112 136 159
105 104 90 85 156 128 144 131 126 125 135 154 163
60 85 99 130 102 141 156 189 166 198 187 206 112
Total Liabilities 252 293 315 349 392 423 458 473 458 506 529 590 529
99 132 135 138 159 152 149 148 141 135 144 195 226
CWIP 18 7 2 4 30 47 50 46 46 46 52 21 10
Investments 16 18 60 64 58 68 68 68 66 59 60 69 72
118 136 118 143 145 155 191 211 205 265 273 306 220
Total Assets 252 293 315 349 392 423 458 473 458 506 529 590 529

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
27 40 47 44 -6 98 41 61 -4 22 37 37
-23 -30 -33 -23 -50 -46 -10 -2 -4 1 -27 -52
-4 -8 -14 -22 54 -52 -30 -44 -3 -9 -22 12
Net Cash Flow -1 2 1 -2 -2 0 1 15 -12 14 -12 -2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 1 0 0 2 15 15 24 41 30 38 32 42
Inventory Days 266 210 159 189 222 233 215 182 201 215 185 201
Days Payable 80 93 89 160 134 152 175 214 172 174 123 139
Cash Conversion Cycle 187 118 70 31 103 96 63 9 58 79 94 104
Working Capital Days 80 51 26 21 57 8 22 -6 26 44 65 66
ROCE % 17% 20% 20% 11% 8% 13% 6% 8% 10% 14% 17% 13%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
70.90% 70.90% 70.90% 70.96% 70.97% 70.97% 70.97% 70.97% 70.97% 70.97% 70.97% 70.97%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.04% 0.10%
29.10% 29.10% 29.10% 29.04% 29.03% 29.02% 29.02% 29.02% 29.02% 29.03% 29.00% 28.92%
No. of Shareholders 13,95915,04717,70821,71029,28530,57729,04327,83827,43530,84152,07051,172

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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