Price
Financials
Standalone, Rs crore| Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 50 | 39 | 33 | 51 | 32 | 51 | 37 | 64 | 55 | 56 | 59 | 56 |
| Expenses | 44 | 54 | 37 | 53 | 45 | 57 | 42 | 68 | 55 | 53 | 63 | 60 |
| Operating Profit | 6 | -16 | -4 | -2 | -13 | -5 | -5 | -4 | -1 | 3 | -4 | -3 |
| OPM % | 13% | -40% | -14% | -3.8% | -40% | -10% | -12% | -7% | -1.6% | 6% | -6% | -6% |
| Other Income | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Interest | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 10 |
| Depreciation | 12 | 12 | 8 | 8 | 8 | 9 | 8 | 10 | 8 | 8 | 9 | 9 |
| Profit before tax | -13 | -35 | -20 | -17 | -28 | -21 | -21 | -22 | -17 | -13 | -21 | -21 |
| Tax % | 0% | -0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Profit | -13 | -35 | -20 | -17 | -28 | -21 | -21 | -22 | -17 | -13 | -21 | -21 |
| EPS in Rs | -9.54 | -26.00 | -15.02 | -12.78 | -20.86 | -15.95 | -15.40 | -16.26 | -12.69 | -9.35 | -15.31 | -15.93 |
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 104 | 103 | 146 | 182 | 190 | 96 | 135 | 138 | 172 | 167 | 212 | 226 |
| Expenses | 108 | 111 | 137 | 153 | 109 | 110 | 144 | 162 | 182 | 192 | 219 | 231 |
| Operating Profit | -3 | -8 | 8 | 29 | 81 | -13 | -9 | -23 | -11 | -25 | -7 | -5 |
| OPM % | -3.0% | -8% | 6% | 16% | 43% | -14% | -6% | -17% | -6% | -15% | -3.2% | -2.1% |
| Other Income | 0 | 1 | 0 | 1 | 0 | 17 | 170 | 4 | 2 | 3 | 3 | 3 |
| Interest | 13 | 10 | 19 | 39 | 24 | 19 | 23 | 29 | 34 | 32 | 34 | 36 |
| Depreciation | 9 | 9 | 11 | 24 | 26 | 27 | 37 | 49 | 47 | 33 | 34 | 34 |
| Profit before tax | -25 | -27 | -21 | -34 | 32 | -43 | 102 | -97 | -89 | -87 | -72 | -71 |
| Tax % | 0% | 2% | 0% | -36% | 31% | -31% | 31% | -31% | 67% | 0% | 0% | |
| Net Profit | -25 | -28 | -21 | -22 | 22 | -30 | 70 | -67 | -149 | -87 | -72 | -71 |
| EPS in Rs | -18.88 | -20.79 | -15.90 | -16.16 | 16.36 | -22.45 | 52.25 | -50.06 | -111.34 | -64.60 | -53.70 | -53.28 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 7% | 17% | 15% | 23% | ||
| Compounded Profit Growth | % | % | -3% | 22% | ||
| Stock Price CAGR | -3% | 1% | % | % | ||
| Return on Equity | % | % | % | % |
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Sep 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 |
| Reserves | -21 | -44 | -72 | -105 | -28 | -58 | 12 | -55 | -204 | -291 | -363 | -405 |
| Borrowings | 103 | 108 | 91 | 65 | 29 | 230 | 306 | 426 | 425 | 459 | 477 | 468 |
| Other Liabilities | 155 | 216 | 295 | 375 | 356 | 279 | 260 | 192 | 208 | 220 | 247 | 266 |
| Total Liabilities | 252 | 293 | 329 | 349 | 371 | 463 | 592 | 576 | 443 | 401 | 375 | 343 |
| Fixed Assets | 144 | 136 | 190 | 175 | 164 | 167 | 278 | 240 | 194 | 191 | 175 | 159 |
| CWIP | 31 | 65 | 42 | 40 | 32 | 108 | 4 | 1 | 2 | 10 | 6 | 16 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 77 | 92 | 96 | 134 | 175 | 189 | 310 | 335 | 246 | 199 | 193 | 167 |
| Total Assets | 252 | 293 | 329 | 349 | 371 | 463 | 592 | 576 | 443 | 401 | 375 | 343 |
| Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -59 | -18 | 10 | 58 | 78 | 51 | 35 | -14 | -91 | 29 | 5 | 24 |
| Cash from Investing Activity | -18 | -31 | -36 | -39 | -19 | -6 | -93 | -51 | -11 | -5 | -17 | -18 |
| Cash from Financing Activity | 77 | 50 | 25 | -19 | -59 | -46 | 58 | 65 | 102 | -24 | 11 | -6 |
| Net Cash Flow | -0 | 1 | -1 | 1 | 1 | -1 | -0 | -0 | 0 | 0 | -1 | 0 |
| Free Cash Flow | -77 | -49 | -26 | 20 | 59 | 45 | -58 | -65 | -102 | 24 | -12 | 6 |
| CFO/OP | 277% | 569% | -124% | 687% | 271% | 63% | -261% | 15% | 387% | -277% | -21% | -358% |
| Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 44 | 13 | 4 | 2 | 1 | 1 | 5 | 1 | 0 | 0 | 0 | 0 |
| Inventory Days | 106 | 93 | 153 | 117 | 138 | 59 | 269 | 146 | 224 | 244 | 194 | 181 |
| Days Payable | 41 | 38 | 105 | 77 | 81 | 59 | 113 | 78 | 86 | 53 | 45 | 62 |
| Cash Conversion Cycle | 109 | 68 | 52 | 42 | 57 | 2 | 161 | 68 | 138 | 191 | 149 | 119 |
| Working Capital Days | -380 | -192 | -242 | -305 | -280 | -157 | -769 | -351 | -622 | -600 | -733 | -614 |
| ROCE % | -19% | -14% | -20% | -4% | 164% | -24% | 47% | -19% | -18% | -26% | -25% |
| Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% |
| FIIs | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.63% | 0.43% | 0.42% | 0.00% | 0.00% | 0.00% |
| DIIs | 0.03% | 0.00% | 0.00% | 0.00% | 0.75% | 0.75% | 0.75% | 0.74% | 0.74% | 0.75% | 0.75% | 0.00% |
| Public | 24.97% | 25.00% | 25.00% | 25.00% | 24.25% | 24.25% | 23.62% | 23.83% | 23.84% | 24.25% | 24.25% | 25.01% |
| No. of Shareholders | 4,977 | 4,589 | 4,672 | 5,109 | 4,879 | 4,791 | 4,893 | 5,613 | 5,485 | 5,179 | 5,064 | 4,963 |
Fundamentals
Market Cap₹ 242 Cr.
Current Price₹ 181
Book Value₹ -292
ROCE-24.8 %
ROE%
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)23%
Compounded Profit Growth (TTM)22%
Standalone figures.
Valuation
Market capRs 243 Cr
Enterprise valueRs 720 Cr
Price to book-0.69x
Price to sales1.07x
EV / sales3.18x
Price to cash flow10.03x
Earnings yield-29.40%
P/B, 3-year average-0.62x
P/E, 5-year average3.32x
P/B, 5-year average0.52x
Profitability
Operating margin (excl. other income)-3.25%
Operating margin (incl. other income)-1.76%
EBITDA margin-0.82%
Pre-tax margin-31.54%
Net profit margin-31.54%
Net margin, latest quarter-37.89%
ROE22.93%
ROCE-24.72%
ROA-18.56%
ROE, 3-year average62.82%
ROCE, 3-year average-22.94%
ROA, 3-year average-22.79%
ROE, 5-year average59.54%
ROCE, 5-year average-7.91%
ROA, 5-year average-13.32%
ROIC (approx.)-27.94%
Other income / net worth-0.90%
Growth
Sales growth (latest year)26.46%
Sales CAGR, 3 years15.23%
Sales CAGR, 5 years17.02%
Sales growth QoQ-4.70%
Sales growth YoY (latest quarter)-11.82%
Per share
EPS (TTM)Rs -53.08
EPS (latest year)Rs -53.50
EPS (latest quarter)Rs -15.87
EPS, 3-year averageRs -76.26
EPS, 5-year averageRs -45.32
Book value per shareRs -260.03
Sales per shareRs 168.26
Cash flow per shareRs 18.01
Free cash flow per shareRs 4.46
Efficiency
Asset turnover0.56x
Fixed asset turnover1.21x
Inventory turnover2.39x
Inventory days153 days
Creditor days62 days
Cash conversion cycle119 days
Working capital days-614 days
Leverage
Total debtRs 477 Cr
Cash and bankRs 0 Cr
Net debtRs 477 Cr
Debt to equity-1.36x
Interest coverage-0.99x
Owners' fund to total sources-93.34%
Debt to assets127.31%
Cash flow
Cash from Operating Activity (latest year)Rs 24 Cr
Cash from Investing Activity (latest year)Rs -18 Cr
Cash from Financing Activity (latest year)Rs -6 Cr
Free cash flow (latest year)Rs 6 Cr
FCFE (approx.: FCF + change in debt)Rs 24 Cr
Sales to cash flow8.74x
Statement figures
Net sales (TTM)Rs 226 Cr
Net sales (latest year)Rs 212 Cr
Sales (latest quarter)Rs 56 Cr
Operating profit excl. other income (latest year)Rs -7 Cr
Operating profit (latest quarter)Rs -3 Cr
Other income (TTM)Rs 3 Cr
EBITDA (TTM)Rs -2 Cr
PBDT (TTM)Rs -38 Cr
Profit before tax (TTM)Rs -71 Cr
Net profit (TTM)Rs -71 Cr
Net profit (latest year)Rs -72 Cr
Net profit (latest quarter)Rs -21 Cr
Depreciation (TTM)Rs 34 Cr
Depreciation (latest quarter)Rs 9 Cr
Interest (TTM)Rs 36 Cr
Cost of goods sold (latest year)Rs 190 Cr
Total expenditure (latest year)Rs 219 Cr
Total income (latest year)Rs 215 Cr
Share capitalRs 13 Cr
ReservesRs -363 Cr
Shareholders' fundsRs -350 Cr
Total assetsRs 375 Cr
Net blockRs 175 Cr
Capital work in progressRs 6 Cr
InventoryRs 80 Cr
Other liabilitiesRs 247 Cr
Shares outstanding (crore)1.35
Ownership
Promoter holding75.00% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
| Period | PIONDIST | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -2.6% | -2.8% | +0.1 pts |
| 1 month | -8.4% | -6.8% | -1.6 pts |
| 3 months | +4.9% | -7.6% | +12.6 pts |
| 6 months | +13.0% | +0.4% | +12.6 pts |
| 1 year | -0.9% | -9.9% | +9.1 pts |
| 2 years | +56.1% | -13.6% | +69.7 pts |
| 3 years | +52.7% | +14.2% | +38.5 pts |
| 5 years | -17.5% | +27.9% | -45.4 pts |
Red flags
F-score 6 of 8| serious | Negative equity Shareholders' equity is negative |
| look | Repeated losses Net loss in each of the last two years |
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
Sep 2022Sales ₹56 Cr -12.5% vs Sep 2021.
Net loss ₹21 Cr.
Activity
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|---|---|---|---|
| United Spirits Ltd | 99,138 | 53.5 | 26.4 % |
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| Tilaknagar Industries Ltd | 13,655 | 60.4 | 11.8 % |
| Piccadily Agro Industries Ltd | 5,942 | 42.3 | 18.0 % |
| Globus Spirits Ltd | 2,532 | 25.2 | 11.2 % |
| G M Breweries Ltd | 2,197 | 13.0 | 18.0 % |
| India Glycols Ltd | 2,043 | 6.44 | 12.4 % |
| Som Distilleries & Breweries Ltd | 1,645 | 5.67 % | |
| Associated Alcohols & Breweries Ltd | 1,271 | 15.4 | 18.0 % |
| Sula Vineyards Ltd | 1,112 | 42.9 | 7.55 % |
| Asgard Alcobev Ltd | 1,073 | 422 | 7.38 % |
| BCL Industries Ltd | 958 | 8.22 | 13.9 % |
| IFB Agro Industries Ltd | 844 | 13.1 | 13.3 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2019-09-04 | Annual General Meeting | |
| 2018-09-12 | Annual General Meeting | |
| 2017-07-19 | Annual General Meeting | |
| 2016-09-15 | Annual General Meeting | |
| 2015-09-21 | Annual General Meeting | |
| 2014-09-16 | Annual General Meeting | |
| 2013-08-21 | Annual General Meeting | |
| 2012-08-22 | Annual General Meeting | |
| 2011-09-09 | Annual General Meeting | |
| 2010-09-16 | Annual General Meeting And Dividend Re.1/- Per Share |
No announcements in our files yet.
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 Pioneer Distilleries Ltd?
Pioneer Distilleries Ltd (PIONDIST) has a market capitalisation of Rs 242 Cr. at the 2023-01-05 close.
What were Pioneer Distilleries Ltd's latest quarterly results?
In the Sep 2022 quarter, Pioneer Distilleries Ltd sales was Rs 56 Cr (-12.5% vs Sep 2021) with a net loss of Rs 21 Cr.