MarketFriction

Piccadily Agro Industries Ltd

NSE PICCADIL · BSE 530305 · Breweries & Distilleries
₹581.05 -1.91%
NSE close2026-10-01
52 week range515.00 - 809.70
Market cap₹5,942 Cr.
P/E42.3
Microcap 250 Price band 20% Delivery 44.7%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales114178269196185182255214212276335251
Expenses90143202168143135190176166199264207
Operating Profit243467284248663846787144
OPM %21%19%25%14%23%26%26%18%22%28%21%17%
Other Income0291113212143
Interest534459997679
Depreciation4445555566610
Profit before tax155759203336542535686328
Tax %26%21%27%29%25%32%26%26%26%29%28%24%
Net Profit114443132525401827484521
EPS in Rs1.184.704.591.392.612.634.231.942.714.844.532.18
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2713293343713994885725987427971,0001,075
Expenses248282308344359437503537592614767836
Operating Profit2347262740526962150183233239
OPM %9%14%8%7%10%11%12%10%20%23%23%22%
Other Income7159-1311307810
Interest151716171516141316282828
Depreciation111313131313151618192328
Profit before tax5182711254133146142190194
Tax %68%57%-148%21%-21%29%29%30%25%28%28%
Net Profit285219182922110102138141
EPS in Rs0.160.840.480.232.031.903.102.3711.6310.8513.9514.26
Dividend Payout %0%0%0%0%10%26%3%0%0%0%7%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth14%15%19%29%
Compounded Profit Growth57%50%83%30%
Stock Price CAGR51%96%74%-11%
Return on Equity15%19%21%17%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital244795959595959595949499
Reserves110865964557591112137245586802
Borrowings85156128144131126125135154172308531
Other Liabilities130102141156189166198187207228156208
Total Liabilities3493914234584704615095295937391,1441,639
Fixed Assets149162156152148141135144195218282580
CWIP430475046464652324220173
Investments525364646569625961616070
Other Assets145146155191211205265273305419601916
Total Assets3493914234584704615095295937391,1441,639
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity42-6984158-022453751-27118
Cash from Investing Activity-22-50-46-101-80-35-52-30-270-163
Cash from Financing Activity-2254-52-30-44-4-9-2212-1029250
Net Cash Flow-2-20115-1214-12-311-55
Free Cash Flow27-64742953-61418-529-270-75
CFO/OP191%-6%208%174%216%8%55%82%77%44%10%64%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days31515244130383242676389
Inventory Days189222233215182201215185201200337369
Days Payable1601341521752141721741231401135976
Cash Conversion Cycle3310396639587994103154340381
Working Capital Days-48-17-70-82-101-56-28-52389472
ROCE %11%8%13%6%8%10%13%17%13%30%23%18%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters70.97%70.97%70.97%70.97%70.97%70.97%70.97%70.47%68.62%68.62%68.56%68.56%
FIIs0.00%0.00%0.00%0.17%0.88%0.78%0.71%0.73%0.95%1.15%0.76%0.81%
DIIs0.00%0.04%0.10%0.10%0.03%0.01%0.01%0.00%0.97%0.74%0.79%0.88%
Public29.03%29.00%28.92%28.76%28.13%28.24%28.30%28.80%29.46%29.50%29.90%29.74%
No. of Shareholders30,84152,07051,17271,83370,61969,29776,03078,87574,77076,00473,81372,980

Fundamentals

Market Cap₹ 5,942 Cr.
Current Price₹ 603
Stock P/E42.3
Book Value₹ 91.4
ROCE18.0 %
ROE17.4 %
Dividend Yield0.17 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)29%
Compounded Profit Growth (TTM)30%
Consolidated figures.
Valuation
Market capRs 5,727 Cr
Enterprise valueRs 6,109 Cr
P/E (TTM)40.75x
Price to book6.36x
Price to sales5.33x
EV / EBITDA24.49x
EV / EBIT27.61x
EV / sales5.68x
Price to cash flow48.51x
Earnings yield2.45%
Dividend yield0.17%
P/E, 3-year average38.37x
P/B, 3-year average7.29x
P/E, 5-year average28.90x
P/B, 5-year average5.03x
Profitability
Operating margin (excl. other income)23.33%
Operating margin (incl. other income)24.11%
EBITDA margin23.20%
Pre-tax margin18.00%
Net profit margin13.07%
Net margin, latest quarter8.54%
ROE17.40%
ROCE18.01%
ROA9.88%
ROE, 3-year average25.30%
ROCE, 3-year average25.61%
ROA, 3-year average12.41%
ROE, 5-year average20.20%
ROCE, 5-year average21.33%
ROA, 5-year average9.37%
ROIC (approx.)12.46%
Tax rate27.79%
Other income / net worth0.87%
Growth
Sales growth (latest year)25.53%
Profit growth (latest year)34.39%
Sales CAGR, 3 years18.69%
Sales CAGR, 5 years15.43%
Profit CAGR, 3 years83.30%
Profit CAGR, 5 years50.27%
Sales growth QoQ-25.13%
Profit growth QoQ-52.04%
Sales growth YoY (latest quarter)17.42%
Profit growth YoY (latest quarter)16.33%
Per share
EPS (TTM)Rs 14.26
EPS (latest year)Rs 13.95
EPS (latest quarter)Rs 2.18
EPS, 3-year averageRs 12.14
EPS, 5-year averageRs 8.37
Book value per shareRs 91.41
Sales per shareRs 109.08
Cash flow per shareRs 11.98
Free cash flow per shareRs -7.61
Dividend per share (latest year)Rs 1.00
Dividend per share, 3-year averageRs 1.00
Dividend per share, 5-year averageRs 0.55
Dividends
Dividend payout7.17%
Dividend payout, 3-year average7.17%
Dividend payout, 5-year average5.21%
Efficiency
Asset turnover0.61x
Fixed asset turnover1.72x
Inventory turnover1.50x
Inventory days243 days
Debtor days89 days
Debtors turnover4.12x
Creditor days76 days
Cash conversion cycle381 days
Working capital days72 days
Leverage
Total debtRs 531 Cr
Cash and bankRs 149 Cr
Net debtRs 381 Cr
Debt to equity0.59x
Net debt / EBITDA1.53x
Interest coverage7.98x
Current ratio (filing 2026-03-31)1.63x
Quick ratio (filing 2026-03-31)0.89x
Trade payables (filing 2026-03-31)Rs 85 Cr
Owners' fund to total sources54.97%
Debt to assets32.37%
Cash flow
Cash from Operating Activity (latest year)Rs 118 Cr
Cash from Investing Activity (latest year)Rs -163 Cr
Cash from Financing Activity (latest year)Rs 50 Cr
Net Cash Flow (latest year)Rs 5 Cr
Free cash flow (latest year)Rs -75 Cr
FCFE (approx.: FCF + change in debt)Rs 147 Cr
Cash from ops / profit, 5 years0.56x
Sales to cash flow8.47x
Statement figures
Net sales (TTM)Rs 1,075 Cr
Net sales (latest year)Rs 1,000 Cr
Sales (latest quarter)Rs 251 Cr
Operating profit excl. other income (latest year)Rs 233 Cr
Operating profit (latest quarter)Rs 44 Cr
Other income (TTM)Rs 10 Cr
EBITDA (TTM)Rs 249 Cr
PBDT (TTM)Rs 222 Cr
Profit before tax (TTM)Rs 194 Cr
Tax (latest year)Rs 53 Cr
Net profit (TTM)Rs 141 Cr
Net profit (latest year)Rs 138 Cr
Net profit (latest quarter)Rs 21 Cr
Depreciation (TTM)Rs 28 Cr
Depreciation (latest quarter)Rs 10 Cr
Interest (TTM)Rs 28 Cr
Cost of goods sold (latest year)Rs 615 Cr
Total expenditure (latest year)Rs 767 Cr
Total income (latest year)Rs 1,008 Cr
Share capitalRs 99 Cr
ReservesRs 802 Cr
Shareholders' fundsRs 901 Cr
Total assetsRs 1,639 Cr
Net blockRs 580 Cr
Capital work in progressRs 73 Cr
InvestmentsRs 70 Cr
ReceivablesRs 243 Cr
InventoryRs 410 Cr
Other liabilitiesRs 208 Cr
Shares outstanding (crore)9.86
Ownership
Promoter holding68.56% (-1.91 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 40.8 is at the 67th percentile of its own 9.4-year range (median 25.3, low 4.1, high 341.9).
P/B 6.36 is at the 68th percentile (median 1.64).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodPICCADILNifty 50Difference
1 week-3.4%-2.8% -0.6 pts
1 month-8.4%-6.8% -1.6 pts
3 months-10.2%-7.6% -2.6 pts
6 months+12.3%+0.4% +11.9 pts
1 year-17.3%-9.9% -7.4 pts
3 years+405.5%+14.2% +391.3 pts
5 years+2680.1%+27.9% +2652.3 pts
6 mutual fund schemes hold about ₹4 Cr. Over three months 6 bought more and 0 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Motilal Oswal Nifty Microcap 250 Index Fund0.17%4 +17%
Groww Nifty Total Market Index Fund0.01%0 +27%
Angel One Nifty Total Market Index Fund0.01%0 +27%
Mirae Asset Nifty Total Market Index Fund0.01%0 +27%
Bandhan Nifty Total Market Index Fund0.01%0 +27%
Motilal Oswal BSE 1000 Index Fund0.01%0 +27%

Red flags

F-score 3 of 8
explainWeak cash conversion Cash from operations was 41% of net profit over the last 3 years
explainReceivables outrunning sales Receivables grew 77% vs sales +26% in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹251 Cr +17.3% vs Jun 2025. Net profit ₹21 Cr +16.7%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-09-18Dividend - Re 1 Per Share
DateTypeWhat it says
2026-09-25Shareholder meetingPiccadily Agro Industries Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 25, 2026
2026-09-25Shareholder meetingProceedings of Annual General Meeting held on September 25, 2026
2026-09-03Press ReleaseA press release dated September 02, 2026, titled "Camikara 3YO, 8YO and 12YO have each been awarded Silver medals at the International Spirits Challen...
2026-08-27Shareholder meetingNotice of Annual General Meeting to be held on September 25, 2026
2026-08-21General UpdatesGeneral Updates
2026-08-18Record DateRecord date for the purpose of Dividend is 18-Sep-2026.
2026-08-18DividendBoard of Directors at its meeting held on August 18, 2026, recommended Final Dividend of Re. 1 per equity share.
2026-08-17DemergerCompany has received no adverse observation letters dated August 14, 2026 from BSE Limited and National Stock Exchange of India Limited
2026-08-17General UpdatesGeneral Updates
2026-08-17Concall / analyst meetTranscript
2026-08-11Investor PresentationInvestor Presentation
2026-08-11Investor PresentationInvestor Presentation
2026-08-11AddendumUnaudited Quarterly Financial Results for Q1
2026-08-11Press ReleaseA press release dated August 11, 2026, titled "Unaudited Results for Q1 of 2026-27".
2026-08-11Board meeting outcomePiccadily Agro Industries Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-08Concall / analyst meetSchedule of meet
2026-07-30Press ReleaseA press release dated July 30, 2026, titled "Press Release dated July 30th, 2026, announcing Indris Historic Performance at the International Whisky C...
2026-06-24Press ReleaseA press release dated Jun 24, 2026, titled "IMWA Certification Hologram on Indri bottles.".
2026-06-18Shareholder meetingProceedings of Postal Ballot. Further, the company has informed the Exchange regarding voting results along with copy of scrutinizers report
2026-06-04Press ReleaseA press release dated Jun 04, 2026, titled "Indri s new travel retail exclusive Indri Ilika".
2026-05-29Statement of deviation(s) orStatement of deviation(s) or variation(s) under Reg. 32
2026-05-28Statement of deviation(s) orStatement of deviation(s) or variation(s) under Reg. 32
2026-05-23Credit Rating- RevisionCredit Rating- Revision - Infomerics Valuation & rating Limited has upgraded Long Term Rating to IVR A and Short Term Rating to IVR A1.
2026-05-18Concall / analyst meetSchedule of meet
2026-05-18Shareholder meetingNotice of Postal Ballot.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Piccadily Agro Industries Ltd?

Piccadily Agro Industries Ltd (PICCADIL) has a market capitalisation of Rs 5,942 Cr. at the 2026-10-01 close.

What is the P/E ratio of Piccadily Agro Industries Ltd?

Piccadily Agro Industries Ltd trades at a P/E of 42.3 on trailing twelve-month profit, at the 2026-10-01 close.

What were Piccadily Agro Industries Ltd's latest quarterly results?

In the Jun 2026 quarter, Piccadily Agro Industries Ltd sales was Rs 251 Cr (+17.3% vs Jun 2025) and net profit was Rs 21 Cr.

What is the 52-week high and low of Piccadily Agro Industries Ltd?

The 52-week high is Rs 809.70 and the 52-week low is Rs 515.00.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03