Piccadily Agro Industries Ltd.

•

piccadily.comBSE: 530305NSE: PICCADIL

Market Cap₹ 5,940 Cr.

Current Price

High / Low₹ 810 / 515

Stock P/E41.7

Book Value₹ 94

Price to Book5.66

Dividend Yield0.17 %

ROCE18.2 %

ROE17.6 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Distillery Unit: 79.5% • Sugar Unit: 20.5%

AI Sector View

AI GENERATED

Fast Moving Consumer Goods

Hold

Rural demand proxies are mixed. Tractor sales rose 18.0% YoY (2026-07) and 2-wheelers were up 23.0% YoY (2026-06), but rural employment slowed to 1.0% YoY (2026-07), fertiliser sales were 0.0% YoY (2026-05), and food inflation of 5.52% (Jul/26) can pressure household budgets. FPI outflows remain heavy at INR -8081 crore over 3 months to 2026-08-31, limiting upside.

Confidence

62%

View full sector analysis →

PROS

Company has delivered good profit growth of 51.2% CAGR over last 5 years
Company has a healthy return on capital (ROCE) of 25.9%
Company has a good return on equity (ROE) track record: 3 Years ROE 25.8%
Operating margins have improved to 20.7% from 10.0%
Company has delivered good sales growth of 16.2% CAGR over last 5 years

CONS

Receivables are growing faster than sales - a possible quality concern
Promoter holding has decreased over last 2 years: -2.4pp
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.41x)
Total debt has risen sharply - up 72.2% year on year
Recurring exceptional / one-off items are inflating headline profit
Stock is trading at 5.7x its book value

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Fast Moving Consumer GoodsAlcoholBreweries & Distilleries

Part ofNIFTY TOTAL MKT NIFTY MICROCAP250

S.No.	Name
1.	UNITDSPR	1397.20	53.94	101625.46	1.22	463.00	11.03	6122.00	-2.75	27.86	7.01
2.	RADICO	4366.95	83.16	58509.44	0.21	229.60	75.91	5867.69	10.43	22.64	6.07
3.	UBL	1255.85	83.93	33205.32	0.80	166.28	-9.65	5919.44	10.01	11.92	4.77
4.	ABDL	631.85	79.98	17673.49	0.85	45.42	-18.65	1809.15	1.85	18.53	6.38
5.	TI	520.50	0.00	12903.09	0.19	31.59	-64.31	2252.43	160.74	4.31	7.50
6.	PICCADIL	602.65	42.27	5940.45	0.17	214.35	1063.05	2705.03	1081.24	18.01	16.20
7.	TRUALT	416.30	24.05	3569.88	0.00	592.71	12444.13	6268.83	1962.85	10.57	21.18
8.	GLOBUSSPR	839.60	26.27	2641.49	0.78	26.48	49.69	1151.88	21.05	11.34	6.66
9.	GMBREW	908.50	13.23	2075.64	0.99	377.40	524.21	8029.00	1110.77	20.40	5.79
10.	SDBL	70.03	0.00	1455.93	0.00	1.56	-96.29	609.19	-31.13	18.52	2.46
11.	ASALCBR	677.55	16.46	1360.47	0.30	17.83	-24.60	286.30	5.96	18.06	10.43
12.	SULA	136.35	46.49	1151.44	1.47	1.06	-45.36	120.79	2.11	7.57	13.74

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	228	122	191	282	208	199	204	268	228	231	313	359	271
	204	98	157	217	180	158	157	206	191	186	236	288	245
Operating Profit	24	24	34	65	28	41	47	63	37	45	77	71	26
OPM %	10.50%	19.98%	17.66%	22.98%	13.29%	20.63%	22.81%	23.36%	16.29%	19.55%	24.68%	19.84%	9.45%
	0	0	29	1	1	1	3	2	1	2	1	4	3
Interest	4	5	3	4	4	5	9	9	9	7	6	7	9
Depreciation	6	4	4	4	5	5	5	5	5	6	6	6	10
Profit before Tax	15	16	57	60	20	33	37	54	25	36	68	63	29
Tax %	25.42%	25.52%	20.86%	27.00%	28.78%	24.52%	31.78%	25.68%	25.29%	25.38%	29.24%	27.64%	23.87%
Net Profit	11	12	45	44	14	25	25	40	19	27	48	46	22
	1.20	1.26	4.79	4.61	1.52	2.64	2.66	4.28	2.00	2.80	4.89	4.74	2.21

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	329	334	371	399	489	574	609	779	818	1,038	1,173
	282	308	344	359	438	504	546	628	633	802	954
Operating Profit	47	26	27	40	52	69	63	152	185	235	219
OPM %	14.40%	7.78%	7.36%	10.13%	10.53%	12.09%	10.35%	19.48%	22.60%	22.69%	18.68%
	1	5	9	-2	3	1	1	30	7	8	10
Interest	17	16	17	15	16	14	13	16	28	28	28
Depreciation	13	13	13	13	13	15	16	18	19	23	28
Profit before Tax	19	2	7	11	25	41	35	148	144	192	196
Tax %	56.55%	-146.62%	19.92%	-21.45%	28.61%	29.21%	28.75%	24.30%	27.40%	27.48%	27.23%
Net Profit	8	5	6	13	18	29	25	112	105	140	142
EPS	1.17	0.49	0.59	1.40	1.87	3.11	2.62	11.89	11.09	14.16	—
Dividend Payout %	0.00%	0.00%	0.00%	14.33%	26.75%	3.21%	7.64%	0.00%	0.00%	7.06%	—

COMPOUNDED SALES GROWTH

10 Years:: 14%
5 Years:: 16%
3 Years:: 19%

COMPOUNDED PROFIT GROWTH

10 Years:: 57%
5 Years:: 51%
3 Years:: 78%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: -17%

RETURN ON EQUITY

10 Years:: 13%
5 Years:: 21%
3 Years:: 26%
Last Year:: 18%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	94	94	94	94	94	94	94	94	94	99
	59	64	59	72	88	112	136	247	587	803
	110	121	106	110	107	131	155	171	292	513
Trade Payables	75	108	149	127	144	116	132	110	57	84
	85	71	65	56	75	81	75	124	133	153
Total Liabilities	423	458	473	458	508	534	592	746	1,163	1,651
	152	149	148	141	135	144	195	218	282	580
Capital Work in Progress	47	50	46	46	46	52	21	26	182	49
	68	68	68	66	59	60	69	77	81	100
	115	132	126	148	178	174	191	196	303	410
	0	0	0	0	0	0	0	137	137	243
Cash & Bank	2	3	18	5	20	8	6	18	47	145
	38	56	66	53	70	95	111	74	130	124
Total Assets	423	458	473	458	508	534	592	746	1,163	1,651

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	98	43	63	-1	28	49	47	55	-25	117
Cash from Investing	-34	-10	-2	-4	1	-27	-52	-34	-271	-166
Cash from Financing	-62	-30	-44	-3	-9	-22	12	-10	292	50
	0	1	15	-12	14	-12	-2	11	-5	2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	70.97	70.97	70.97	70.97	70.47	68.62	68.62	68.57	68.57
	0.17	0.88	0.78	0.71	0.73	0.95	1.15	0.76	0.81
	0.10	0.03	0.01	0.00	0.00	0.95	0.72	0.77	0.86
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	28.76	28.12	28.24	28.31	28.80	29.48	29.51	29.91	29.77

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-03

Press Release

2026-09-03 - Piccadily Agro Industries Limited has informed the Exchange regarding a press release dated September 02, 2026, titled "Camikara 3YO, 8YO and 12YO have each been awarded Silver medals at the International Spirits Challenge 2026 (ISC), UK.".

2026-09-02

Copy of Newspaper Publication

2026-09-02 - Piccadily Agro Industries Limited has informed the Exchange about Copy of Newspaper Publication with regard to intimation of 32nd Annual General Meeting to the Shareholders.

2026-08-27

Shareholders meeting

2026-08-27 - Piccadily Agro Industries Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 25, 2026

2026-08-21

General Updates

2026-08-21 - Piccadily Agro Industries Limited has informed the Exchange about General Updates

2026-08-18

Record Date

2026-08-18 - Piccadily Agro Industries Limited has informed the Exchange that Record date for the purpose of Dividend is 18-Sep-2026.

2026-08-18

Dividend

2026-08-18 - Piccadily Agro Industries Limited has informed the Exchange that Board of Directors at its meeting held on August 18, 2026, recommended Final Dividend of Re. 1 per equity share.

2026-08-17

Demerger

2026-08-17 - Piccadily Agro Industries Limited has informed the Exchange that Company has received no adverse observation letters dated August 14, 2026 from BSE Limited and National Stock Exchange of India Limited

2026-08-17

General Updates

2026-08-17 - Piccadily Agro Industries Limited has informed the Exchange about General Updates

2026-08-17

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-17 - Piccadily Agro Industries Limited has informed the Exchange about Transcript

News

Recent coverage and analyst commentary for PICCADIL

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Piccadily Agro Industries Ltd.

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Free 5nance Account

Name

UNITDSPR

1397.20

53.94

101625.46

1.22

463.00

11.03

6122.00

-2.75

27.86

7.01

RADICO

4366.95

83.16

58509.44

0.21

229.60

75.91

5867.69

10.43

22.64

6.07

UBL

1255.85

83.93

33205.32

0.80

166.28

-9.65

5919.44

10.01

11.92

4.77

ABDL

631.85

79.98

17673.49

0.85

45.42

-18.65

1809.15

1.85

18.53

6.38

520.50

0.00

12903.09

0.19

31.59

-64.31

2252.43

160.74

4.31

7.50

PICCADIL

602.65

42.27

5940.45

0.17

214.35

1063.05

2705.03

1081.24

18.01

16.20

TRUALT

416.30

24.05

3569.88

0.00

592.71

12444.13

6268.83

1962.85

10.57

21.18

GLOBUSSPR

839.60

26.27

2641.49

0.78

26.48

49.69

1151.88

21.05

11.34

6.66

GMBREW

908.50

13.23

2075.64

0.99

377.40

524.21

8029.00

1110.77

20.40

5.79

SDBL

70.03

0.00

1455.93

0.00

1.56

-96.29

609.19

-31.13

18.52

2.46

ASALCBR

677.55

16.46

1360.47

0.30

17.83

-24.60

286.30

5.96

18.06

10.43

SULA

136.35

46.49

1151.44

1.47

1.06

-45.36

120.79

2.11

7.57

13.74

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

228

122

191

282

208

199

204

268

228

231

313

359

271

204

157

217

180

158

157

206

191

186

236

288

245

Operating Profit

OPM %

10.50%

19.98%

17.66%

22.98%

13.29%

20.63%

22.81%

23.36%

16.29%

19.55%

24.68%

19.84%

9.45%

Interest

Depreciation

Profit before Tax

Tax %

25.42%

25.52%

20.86%

27.00%

28.78%

24.52%

31.78%

25.68%

25.29%

25.38%

29.24%

27.64%

23.87%

Net Profit

1.20

1.26

4.79

4.61

1.52

2.64

2.66

4.28

2.00

2.80

4.89

4.74

2.21

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

329

334

371

399

489

574

609

779

818

1,038

1,173

282

308

344

359

438

504

546

628

633

802

954

Operating Profit

152

185

235

219

OPM %

14.40%

7.78%

7.36%

10.13%

10.53%

12.09%

10.35%

19.48%

22.60%

22.69%

18.68%

-2

Interest

Depreciation

Profit before Tax

148

144

192

196

Tax %

56.55%

-146.62%

19.92%

-21.45%

28.61%

29.21%

28.75%

24.30%

27.40%

27.48%

27.23%

Net Profit

112

105

140

142

EPS

1.17

0.49

0.59

1.40

1.87

3.11

2.62

11.89

11.09

14.16

—

Dividend Payout %

0.00%

14.33%

26.75%

3.21%

7.64%

0.00%

7.06%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

112

136

247

587

803

110

121

106

110

107

131

155

171

292

513

Trade Payables

108

149

127

144

116

132

110

124

133

153

Total Liabilities

423

458

473

458

508

534

592

746

1,163

1,651

152

149

148

141

135

144

195

218

282

580

Capital Work in Progress

182

100

115

132

126

148

178

174

191

196

303

410

137

243

Cash & Bank

145

111

130

124

Total Assets

423

458

473

458

508

534

592

746

1,163

1,651

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

-1

-25

117

Cash from Investing

-34

-10

-2

-4

-27

-52

-34

-271

-166

Cash from Financing

-62

-30

-44

-3

-9

-22

-10

292

-12

-2

-5

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

70.97

70.47

68.62

68.57

0.17

0.88

0.78

0.71

0.73

0.95

1.15

0.76

0.81

0.10

0.03

0.01

0.00

0.95

0.72

0.77

0.86

Government

0.00

28.76

28.12

28.24

28.31

28.80

29.48

29.51

29.91

29.77

Piccadily Agro Industries Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Piccadily Agro Industries Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI