Piccadily Sugar & Allied Industries Ltd.

•

₹ —-%

psailpatran.comBSE: -NSE: PICCADSUG

Market Cap₹ 80 Cr.

Current Price—

High / Low—

Stock P/E25.1

Book Value—

Price to Book—

Dividend Yield0.00 %

ROCE4.7 %

ROE5.8 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2017 • Distillery Unit: 75.4% • Sugar Unit: 24.6%

PROS

Latest quarter profit grew 110.3% YoY, showing strong momentum
Company maintains a comfortable, low leverage position

CONS

A large part of profit comes from other income (1200.3% of PBT)
Interest coverage is weak at 1.9x - earnings barely cover interest
Inventory has been piling up - inventory days up from 35 to 61
Company's return on assets is weak at 1.8%

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

Peer comparison

EDIT COLUMNS

Fast Moving Consumer GoodsAgriSugar

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	EIDPARRY	787.15	30.13	14007.78	0.00	311.50	-32.93	9017.52	3.37	23.60	8.33
2.	BALRAMCHIN	650.85	37.09	13763.34	1.08	44.15	-14.40	1636.79	6.13	11.08	7.36
3.	TRIVENI	288.90	22.65	6366.29	0.95	3.65	73.81	1950.14	-0.22	8.92	2.94
4.	RENUKA	24.24	0.00	5159.46	0.00	-251.50	4.59	2120.20	5.61	13.61	-3.60
5.	BAJAJHIND	20.39	42.12	4874.57	0.00	-1847.00	-961.49	11259.70	801.92	2.86	-10.64
6.	BANARISUG	3625.00	0.00	4545.64	0.34	-10.92	-171.57	172.45	-58.81	8.68	-3.00
7.	DALMIASUG	475.30	16.25	3847.05	1.26	6.91	—	848.19	-16.48	8.38	5.10
8.	AVADHSUGAR	737.65	0.00	1476.66	1.36	2.34	127.81	7792.51	987.42	6.50	4.68
9.	GODAVARIB	247.60	5631.63	1267.12	0.00	-19.32	-20.62	557.88	4.62	5.79	0.09
10.	UTTAMSUGAR	300.80	13.19	1147.19	0.83	1.30	-91.05	606.37	-3.56	10.77	4.32
11.	DHAMPURSUG	176.35	16.14	1134.05	1.13	6.09	569.23	786.17	6.14	6.63	3.98
12.	PICCADSUG	34.42	25.06	80.04	0.00	0.66	110.31	99.10	65.50	-6.26	7.35

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021
	71	45	71	60	104	71	90	99
	85	56	83	69	123	80	90	100
Operating Profit	—	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—	—
Other Income	5	5	2	1	48	5	1	5
Interest	1	1	1	1	1	1	1	1
Depreciation	9	9	9	7	10	9	9	7
	-10	-6	-10	-8	29	-4	1	4
Tax %	91.06%	24.20%	-10.56%	21.09%	-8.46%	42.89%	-82.95%	85.07%
Net Profit	-1	-5	-11	-6	31	-2	2	1
	-0	-0	-0	-0	1	-0	0	0
Equity Capital	232	232	232	232	232	232	233	233
Reserves	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Equity Capital	232	232	232	232	232	232	233	233
Reserves	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Mar 2020

: 71
: 85
Operating Profit: —
OPM %: —
Other Income: 5
Interest: 1
Depreciation: 9
: -10
Tax %: 91.06%
Net Profit: -1
: -0
Equity Capital: 232
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 232
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2020

: 45
: 56
Operating Profit: —
OPM %: —
Other Income: 5
Interest: 1
Depreciation: 9
: -6
Tax %: 24.20%
Net Profit: -5
: -0
Equity Capital: 232
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 232
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2020

: 71
: 83
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 1
Depreciation: 9
: -10
Tax %: -10.56%
Net Profit: -11
: -0
Equity Capital: 232
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 232
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2020

: 60
: 69
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 1
Depreciation: 7
: -8
Tax %: 21.09%
Net Profit: -6
: -0
Equity Capital: 232
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 232
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2021

: 104
: 123
Operating Profit: —
OPM %: —
Other Income: 48
Interest: 1
Depreciation: 10
: 29
Tax %: -8.46%
Net Profit: 31
: 1
Equity Capital: 232
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 232
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2021

: 71
: 80
Operating Profit: —
OPM %: —
Other Income: 5
Interest: 1
Depreciation: 9
: -4
Tax %: 42.89%
Net Profit: -2
: -0
Equity Capital: 232
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 232
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2021

: 90
: 90
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 1
Depreciation: 9
: 1
Tax %: -82.95%
Net Profit: 2
: 0
Equity Capital: 233
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 233
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2021

: 99
: 100
Operating Profit: —
OPM %: —
Other Income: 5
Interest: 1
Depreciation: 7
: 4
Tax %: 85.07%
Net Profit: 1
: 0
Equity Capital: 233
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 233
Reserves: 0
Promoter Pledge %: 0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021	TTM
	39	24	364
	39	25	393
Operating Profit	4	4	—
OPM %	11	19	—
Other Income	4	5	59
Interest	1	0	4
Depreciation	4	4	35
	0	0	30
Tax %	92	-99	-5
Net Profit	0	1	32
EPS	0	0	—
Dividend Payout %	0	0	—
Minority Interest	0	0	0
Share of Associates	0	0	0
Adjusted EPS	0	0	—
Minority Interest	0	0	0
Share of Associates	0	0	0
Adjusted EPS	0	0	—

Mar 2020

: 39
: 39
Operating Profit: 4
OPM %: 11
Other Income: 4
Interest: 1
Depreciation: 4
: 0
Tax %: 92
Net Profit: 0
EPS: 0
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0

Mar 2021

: 24
: 25
Operating Profit: 4
OPM %: 19
Other Income: 5
Interest: 0
Depreciation: 4
: 0
Tax %: -99
Net Profit: 1
EPS: 0
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0

TTM

: 364
: 393
Operating Profit: —
OPM %: —
Other Income: 59
Interest: 4
Depreciation: 35
: 30
Tax %: -5
Net Profit: 32
EPS: —
Dividend Payout %: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: —

RETURN ON EQUITY

10 Years:: —
5 Years:: —
3 Years:: —
Last Year:: 6%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021
LIABILITIES	-	-
Equity Capital	23	23
	-8	-7
Trade Payables	20	18
	16	15
Total Liabilities	51	49
ASSETS	-	-
	39	35
	4	5
	0	0
Cash & Bank	0	1
	8	8
Total Assets	51	49
Total Debt	4	5
Net Working Capital	-22	-17
Contingent Liabilities	0	0
Book Value per Share	6.58	6.98
Face Value	10.00	10.00
Total Debt	4	5
Net Working Capital	-22	-17
Contingent Liabilities	0	0
Book Value per Share	6.58	6.98
Face Value	10.00	10.00

Mar 2020

Equity Capital: 23
: -8
Trade Payables: 20
: 16
Total Liabilities: 51
: 39
: 4
: 0
Cash & Bank: 0
: 8
Total Assets: 51
Total Debt: 4
Net Working Capital: -22
Contingent Liabilities: 0
Book Value per Share: 6.58
Face Value: 10.00
Total Debt: 4
Net Working Capital: -22
Contingent Liabilities: 0
Book Value per Share: 6.58
Face Value: 10.00

Mar 2021

Equity Capital: 23
: -7
Trade Payables: 18
: 15
Total Liabilities: 49
: 35
: 5
: 0
Cash & Bank: 1
: 8
Total Assets: 49
Total Debt: 5
Net Working Capital: -17
Contingent Liabilities: 0
Book Value per Share: 6.98
Face Value: 10.00
Total Debt: 5
Net Working Capital: -17
Contingent Liabilities: 0
Book Value per Share: 6.98
Face Value: 10.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021
	-2	0
Cash from Investing	3	0
Cash from Financing	-2	-0
	-1	1
Free Cash Flow	-2	0
OCF / Net Profit	-116.63	0.34
Cumulative 5-Year FCF	0	0
OCF / Net Profit	-116.63	0.34
Cumulative 5-Year FCF	0	0

Mar 2020

: -2
Cash from Investing: 3
Cash from Financing: -2
: -1
Free Cash Flow: -2
OCF / Net Profit: -116.63
Cumulative 5-Year FCF: 0
OCF / Net Profit: -116.63
Cumulative 5-Year FCF: 0

Mar 2021

: 0
Cash from Investing: 0
Cash from Financing: -0
: 1
Free Cash Flow: 0
OCF / Net Profit: 0.34
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.34
Cumulative 5-Year FCF: 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021
PER SHARE	-	-
EPS (₹)	0.01	0.39
Book Value (₹)	6.58	6.98
Dividend per Share (₹)	0.00	0.00
Cash EPS (₹)	1.57	1.90
PROFITABILITY	-	-
Operating Margin %	10.25%	15.94%
Net Margin %	0.04%	3.25%
ROE %	0.12%	5.78%
ROCE %	4.29%	4.73%
	0.04%	1.82%
EFFICIENCY	-	-
Debtor Days	13	32
Inventory Days	35	61
Payable Days	418	707
	-370	-613
FINANCIAL HEALTH	-	-
Debt to Equity (x)	0.28x	0.28x
Interest Coverage (x)	1.40x	1.93x
	0.33x	0.45x
GROWTH	-	-
Revenue Growth %	0.00%	-38.92%
Operating Profit Growth %	0.00%	-0.21%
Net Profit Growth %	0.00%	4957.78%
	0.00%	0.00%
VALUATION	-	-
P/E (x)	0.00x	0.00x
P/B (x)	0.00x	0.00x
Dividend Yield %	0.00%	0.00%
	0.00x	0.00x

Mar 2020

EPS (₹): 0.01
Book Value (₹): 6.58
Dividend per Share (₹): 0.00
Cash EPS (₹): 1.57
Operating Margin %: 10.25%
Net Margin %: 0.04%
ROE %: 0.12%
ROCE %: 4.29%
: 0.04%
Debtor Days: 13
Inventory Days: 35
Payable Days: 418
: -370
Debt to Equity (x): 0.28x
Interest Coverage (x): 1.40x
: 0.33x
Revenue Growth %: 0.00%
Operating Profit Growth %: 0.00%
Net Profit Growth %: 0.00%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2021

EPS (₹): 0.39
Book Value (₹): 6.98
Dividend per Share (₹): 0.00
Cash EPS (₹): 1.90
Operating Margin %: 15.94%
Net Margin %: 3.25%
ROE %: 5.78%
ROCE %: 4.73%
: 1.82%
Debtor Days: 32
Inventory Days: 61
Payable Days: 707
: -613
Debt to Equity (x): 0.28x
Interest Coverage (x): 1.93x
: 0.45x
Revenue Growth %: -38.92%
Operating Profit Growth %: -0.21%
Net Profit Growth %: 4957.78%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Shareholding Pattern

Numbers in percentages

TRADES

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	74.98	74.98	74.98	74.98	74.98	74.98	74.98	74.98	74.98
FIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	25.02	25.02	25.02	25.02	25.02	25.02	25.02	25.02	25.02

Jun 2024

: 74.98
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 25.02

Sep 2024

: 74.98
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 25.02

Dec 2024

: 74.98
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 25.02

Mar 2025

: 74.98
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 25.02

Jun 2025

: 74.98
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 25.02

Sep 2025

: 74.98
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 25.02

Dec 2025

: 74.98
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 25.02

Mar 2026

: 74.98
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 25.02

Jun 2026

: 74.98
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 25.02

Documents

Announcements

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Annual Reports

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Credit Ratings

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Concalls

Nothing filed yet.