Piccadily Agro Industries Ltd

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

Piccadily Agro Industries Ltd

₹ 892 -2.48%
20 Dec - close price
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 ₹ 8,415 Cr.
  • Current Price ₹ 892
  • High / Low ₹ 994 / 257
  • Stock P/E 80.3
  • Book Value ₹ 64.1
  • Dividend Yield 0.00 %
  • ROCE 30.0 %
  • ROE 31.4 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 74.6% CAGR over last 5 years

Cons

  • Stock is trading at 13.9 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Debtor days have increased from 47.2 to 67.2 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.

Peer comparison

Sector: Alcoholic Beverages Industry: Breweries & Distilleries

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
91 110 166 184 110 115 200 219 114 178 269 196 185
72 102 148 166 99 97 184 194 89 143 202 168 142
Operating Profit 19 8 18 18 11 18 16 25 25 35 67 28 43
OPM % 21% 7% 11% 10% 10% 15% 8% 11% 22% 20% 25% 14% 23%
0 0 0 0 0 0 0 0 0 29 1 1 1
Interest 4 3 3 3 3 4 3 4 5 3 4 4 5
Depreciation 4 4 4 4 4 4 4 6 4 4 4 5 5
Profit before tax 11 1 12 11 4 10 10 15 16 57 60 20 33
Tax % 22% 21% 41% 27% 19% 27% 36% 25% 25% 21% 27% 29% 25%
9 1 7 8 4 7 6 11 12 45 44 14 25
EPS in Rs 0.92 0.11 0.76 0.84 0.37 0.73 0.67 1.21 1.26 4.80 4.61 1.52 2.64
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 TTM
327 376 344 271 329 334 371 399 488 572 598 742 827
283 330 316 248 282 308 344 359 437 503 535 590 655
Operating Profit 44 46 28 23 48 26 27 40 52 69 63 152 173
OPM % 13% 12% 8% 9% 14% 8% 7% 10% 11% 12% 11% 20% 21%
5 5 6 7 1 5 9 -2 3 1 1 30 32
Interest 10 8 9 15 17 16 17 15 16 14 13 16 17
Depreciation 8 10 11 11 13 13 13 13 13 15 16 18 17
Profit before tax 30 33 15 5 19 2 7 11 25 41 35 148 170
Tax % 31% 36% 39% 68% 56% -146% 20% -21% 29% 29% 29% 24%
21 21 9 2 8 5 6 13 18 29 25 112 128
EPS in Rs 2.21 2.25 0.95 0.16 0.86 0.49 0.59 1.40 1.87 3.11 2.62 11.89 13.57
Dividend Payout % 11% 0% 0% 0% 0% 0% 0% 14% 27% 3% 0% 0%
Compounded Sales Growth
10 Years: 7%
5 Years: 15%
3 Years: 15%
TTM: 28%
Compounded Profit Growth
10 Years: 15%
5 Years: 75%
3 Years: 72%
TTM: 187%
Stock Price CAGR
10 Years: 58%
5 Years: 162%
3 Years: 221%
1 Year: 222%
Return on Equity
10 Years: 12%
5 Years: 17%
3 Years: 21%
Last Year: 31%

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 Sep 2024
Equity Capital 24 24 24 47 95 95 95 95 95 95 95 94 94
Reserves 81 102 110 88 59 64 59 72 88 112 136 247 510
104 90 85 156 128 144 131 126 125 135 154 172 209
85 99 130 102 141 156 189 166 198 187 206 226 175
Total Liabilities 293 315 349 392 423 458 473 458 506 529 590 739 988
132 135 138 159 152 149 148 141 135 144 195 218 254
CWIP 7 2 4 30 47 50 46 46 46 52 21 26 82
Investments 18 60 64 58 68 68 68 66 59 60 69 77 77
136 118 143 145 155 191 211 205 265 273 306 418 576
Total Assets 293 315 349 392 423 458 473 458 506 529 590 739 988

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
40 47 44 -6 98 41 61 -4 22 37 37 55
-30 -33 -23 -50 -46 -10 -2 -4 1 -27 -52 -34
-8 -14 -22 54 -52 -30 -44 -3 -9 -22 12 -10
Net Cash Flow 2 1 -2 -2 0 1 15 -12 14 -12 -2 11

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 0 0 2 15 15 24 41 30 38 32 42 67
Inventory Days 210 159 189 222 233 215 182 201 215 185 201 200
Days Payable 93 89 160 134 152 175 214 172 174 123 139 113
Cash Conversion Cycle 118 70 31 103 96 63 9 58 79 94 104 155
Working Capital Days 51 26 21 57 8 22 -6 26 44 65 66 93
ROCE % 20% 20% 11% 8% 13% 6% 8% 10% 14% 17% 13% 30%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
70.90% 70.96% 70.97% 70.97% 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% 0.17% 0.88%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.04% 0.10% 0.10% 0.03%
29.10% 29.04% 29.03% 29.02% 29.02% 29.02% 29.02% 29.03% 29.00% 28.92% 28.76% 28.13%
No. of Shareholders 17,70821,71029,28530,57729,04327,83827,43530,84152,07051,17271,83370,619

* 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.

Click on the line-items to see the names of individual entities.

Documents

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Credit ratings

Concalls

  • Nov 2024
    Transcript
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    PPT