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 ₹ 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
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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 16h
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 2d
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 2d
- Board Meeting Intimation for Board Meeting Intimation Regarding To Consider And Approve The Audited Financial Results For The Quarter &Period Ended 31St March 2024 Along With Auditor'S Report. 13 Apr
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 11 Apr
Annual reports
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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
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Financial Year 2010
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Financial Year 2009
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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.