PICCADILFast Moving Consumer Goods

Piccadily Agro Industries Limited

Breweries & Distilleries · ISIN INE546C01010 · BSE 530305 · NSE EQ · FV ₹10
Last price
₹601
+1.26%today
What this company does

Piccadily Agro Industries Limited operates in Breweries & Distilleries, part of the Fast Moving Consumer Goods sector. It booked ₹271 cr of revenue in its latest quarter (Q1 FY27) and kept 7.9% of sales as profit. It is the 6th largest of 9 Breweries & Distilleries companies we track, by market value.

In the report:
44out of 100
Equitytale Health Score
Strained

Healthier than 44% of companies in Fast Moving Consumer Goods, on the 5 of 6 measures we could read for it. Each measure is ranked against the 122–149 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
33

At close. Not part of the score.

Profitability & returns47

How much profit it earns on the money it employs

Balance sheet40

How much it owes, and whether earnings cover the interest

Cash quality37

Whether reported profit actually arrives as cash

Valuation15

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 18% vs last year
Profit up 16% vs last year
Promoters hold 69%
No promoter shares pledged
Watch-outs
! Thin 7.9% net margin
! Operating cash flow is negative

What if I invest in PICCADIL?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹601 +1.26%
latest close · 2026-09-17
52-wk low ₹57242 sessions so far52-wk high ₹810
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio69.2High
LowAverageHigh
P/B ratio6.57High
Below bookModerateHigh
EV / EBITDA34.4High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity9.5%Fair
WeakFairStrong ▸15%
Return on capital13.6%Fair
WeakFairStrong
Net margin7.9%Decent
ThinDecentStrong
EBITDA margin17.3%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.59Moderate
LowModerateHigh ▸1
Interest cover4.2×Okay
RiskyOkayStrong ▸5×
Current ratio1.63Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹5,920 cr
Book value
₹91
EPS
₹2.17
latest quarter
Net debt
₹516 cr
owes more than its cash
Enterprise value
₹6,435 cr
EBITDA
₹187 cr
annualised
EBIT
₹147 cr
annualised
Operating margin
13.6%
Return on assets
5.2%
Earnings yield
1.45%
P/S
5.47
Sales / share
₹109.8
Tax rate
24.3%
Face value
₹10
Shares
9.9 cr
Working capital
₹348 cr
Current assets
₹902 cr
Current liabilities
₹554 cr
Delivery %
49.1%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
Too few reliable models — the filings don't support two independent estimates of value.
Models span ₹103₹103, midpoint ₹103

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹271 cr
Other Income₹3 cr
Total Income₹274 cr
Cost of Materials₹102 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹31 cr
Employee Benefit Expense₹22 cr
Finance Costs₹9 cr
Depreciation & Amortisation₹10 cr
Other Expenses₹71 cr
Total Expenses₹245 cr
Profit before Tax₹28 cr
Tax Expense₹7 cr
Share of JV / Associates₹13.3 L
Net Profit₹21 cr
Net margin on total income7.8%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹133 cr48.6%
Employee benefit expense₹22 cr8.2%
Finance costs₹9 cr3.2%
Depreciation & amortisation₹10 cr3.6%
Other expenses₹71 cr26.0%
Tax expense₹7 cr2.5%
Profit for the period₹21 cr7.8%
Total income ₹274 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue314 cr360 cr271 cr
Total income315 cr364 cr274 cr
Expenses248 cr301 cr245 cr
Profit before tax68 cr63 cr28 cr
Tax20 cr18 cr7 cr
Net profit (owners' share)48 cr45 cr21 cr
Net margin (owners' share, on revenue)15.2%12.4%7.9%
EPS (₹)4.834.622.17
YoY (latest quarter): total income +19.1% · net profit +16.3%
Balance sheet & cash flow · as of Mar 2026
Moderate debt
Total assets
₹1,639 cr
Shareholder equity
₹901 cr
parent shareholders
Total debt
₹531 cr
Cash
₹15 cr
Cash flow · H1 FY26
Operating
₹-7 L
Investing
₹-76 cr
Financing
₹84 cr
Peer comparison
Breweries & Distilleries · by market value
CompanyPriceMarket capP/E
United Spirits Limited₹1,390₹1.01 L cr104.0
Radico Khaitan Limited₹4,380₹58,662 cr63.8
United Breweries Limited₹1,217₹32,172 cr48.4
Allied Blenders and Distillers Limited₹653₹18,268 cr92.8
Tilaknagar Industries Limited₹544₹13,459 cr106.2
Piccadily Agro Industries Limitedthis company₹601₹5,920 cr69.2
Globus Spirits Limited₹831₹2,416 cr22.7
GM Breweries Limited₹937₹2,141 cr14.2
India Glycols Limited₹249₹1,667 cr4.3
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
trailing 12 months
Dividend / share (TTM)
Last dividend
₹0.2
ex 21 Sep 2023
ActionDetailEx-date
Dividend₹0.2 / share21 Sep 2023
Dividend₹0.1 / share20 Sep 2022
Dividend₹0.5 / share22 Sep 2021
Dividend₹0.2 / share10 Sep 2020
Bonus issue1:110 Oct 2016
Bonus issue1:16 Apr 2015
Who owns it · 2026-06-30
No pledge
Promoter
68.6%
FII / Foreign
0.8%
DII / Domestic
0.9%
Retail / others
29.8%
Promoter stake down 1.9% over the last 8 quarters.
Smart-money activity
Bulk / block deals
short · NSE93 Sep 26
short · NSE5129 Apr 26
short · NSE23924 Apr 26
What shareholders were asked to approve
3 proposals passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 30 Sep 2025
See the official result
1
The audited standalone financial statements of the Company for the financial year ended 31st March 2025 and the reports of the Board of Directors and Auditors thereon and The audited consolidated financial statements of the Company for the financial year ended 31st March 2025 and the report of Auditors thereon:
Backed by 100% of shareholders other than promotersneeded 50%
6.71 L votes for, 12 against
2
To appoint a Director in place of Mr. Dharmendra Kumar Batra Din 07947018 who retires by rotation and being eligible offers himself for reappointment
⚑ Passed only because promoters voted yes
Backed by 20% of shareholders other than promotersneeded 50%
1.35 L votes for, 5.36 L against
3
Re-appointment of Mr. Harvinder Singh Chopra (DIN 00129891) as Managing Director of the Company
⚑ Passed only because promoters voted yes
Backed by 50% of shareholders other than promotersneeded 75%
3.33 L votes for, 3.39 L against
4
Mr. Dharmandra Kumar Batra (DIN 07947018) as Whole time Director of the Company
⚑ Passed only because promoters voted yes
Backed by 22% of shareholders other than promotersneeded 75%
1.46 L votes for, 5.25 L against

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 5 named members
owning 68.6% between them · as of 2026-06-30
SOON -N-SURE HOLDINGS LIMITED32.67%
SIDDHARTHA SHARMA21.75%
PICCADILY HOTELS PRIVATE LIMITED13.95%
PRACHI SETTY0.20%
PICCADILY SUGAR AND ALLIED INDUSTRIES LTD.no shares

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹50 cr raised in Dec 2024 by selling shares to selected investors

The company has not broken this money down into purposes in its filing for Jun 2026, so there is nothing to measure it against yet.

₹262 cr raised in Sep 2024 by selling shares to selected investors

The company has not broken this money down into purposes in its filing for Jun 2026, so there is nothing to measure it against yet. ICRA watches the spending on the exchange’s behalf.

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.