Piccadily Agro Industries Limited (IN:PICCADIL)
:PICCADIL
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Piccadily Agro Industries Limited
(PICCADIL)
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Rating:68Neutral
Price Target:
₹663.00
▲(18.88% Upside)
Action:Reiterated
Date:05/02/26
The score is primarily supported by strong reported growth and improving profitability trends, but is held back by weaker cash-flow quality (negative free cash flow) and increased FY26 leverage. Technicals are moderately positive, while valuation (P/E ~29) limits upside in the score.
Positive Factors
Revenue Growth & Profitability
Multi-year revenue scaling from 5.7B to 10.3B and materially higher net income in FY26 indicate durable demand and improved operating performance. Sustained top-line expansion combined with rising profitability supports market position, capacity utilization and potential long-run operating leverage.
Negative Factors
Negative Free Cash Flow
Persistent negative free cash flow despite earnings growth indicates the company has not yet converted profitability into surplus cash. Over months to years this can force external financing, constrain discretionary capex, and raise refinancing and liquidity risk, especially during cyclical downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth & Profitability
Multi-year revenue scaling from 5.7B to 10.3B and materially higher net income in FY26 indicate durable demand and improved operating performance. Sustained top-line expansion combined with rising profitability supports market position, capacity utilization and potential long-run operating leverage.
Read all positive factors
Piccadily Agro Industries Limited (PICCADIL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹56.93B
Dividend YieldN/A
Average Volume (3M)25.88K
Price to Earnings (P/E)29.3
Beta (1Y)1.19
Revenue Growth26.86%
EPS Growth30.44%
CountryIN
Employees289
SectorConsumer Defensive
Sector Strength42
IndustryBeverages - Wineries & Distilleries
Share Statistics
EPS (TTM)4.22
Shares Outstanding98,571,510
10 Day Avg. Volume26,482
30 Day Avg. Volume25,883
Financial Highlights & Ratios
PEG Ratio1.23
Price to Book (P/B)5.81
Price to Sales (P/S)5.07
P/FCF Ratio-69.68
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Piccadily Agro Industries Limited Business Overview & Revenue Model
Company Description
Piccadily Agro Industries Limited manufactures and develops alcoholic beverages in India. The company operates through Sugar and Distillery segments. It provides malt whisky, cask aged rum, and ethanol, as well as sugarcane juice rum, country liqu...
How the Company Makes Money
PICCADIL makes money mainly by producing and selling alcoholic beverages/spirits and related products. Its core revenue model is manufacturing-led: it converts agricultural inputs (commonly grain-based feedstocks) into alcohol/spirits and sells th...
Piccadily Agro Industries Limited Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
71
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.59B | 10.33B | 8.18B | 7.79B | 6.09B | 5.74B |
| Gross Profit | -68.06M | 4.92B | 3.24B | 2.79B | 1.35B | 805.00M |
| EBITDA | 668.45M | 2.41B | 1.89B | 1.79B | 615.06M | 695.72M |
| Net Income | 398.62M | 1.37B | 1.02B | 1.10B | 223.34M | 292.42M |
Balance Sheet | ||||||
| Total Assets | 11.44B | 16.39B | 11.44B | 7.39B | 5.93B | 5.29B |
| Cash, Cash Equivalents and Short-Term Investments | 636.88M | 1.66B | 636.88M | 345.30M | 223.87M | 230.62M |
| Total Debt | 3.08B | 5.31B | 3.08B | 1.72B | 1.54B | 1.35B |
| Total Liabilities | 4.64B | 7.38B | 4.64B | 3.99B | 3.61B | 3.22B |
| Stockholders Equity | 6.80B | 9.01B | 6.80B | 3.40B | 2.32B | 2.07B |
Cash Flow | ||||||
| Free Cash Flow | -337.55M | -751.35M | -2.70B | 290.58M | -45.51M | 149.62M |
| Operating Cash Flow | 1.29B | 1.18B | -270.70M | 510.33M | 374.44M | 449.11M |
| Investing Cash Flow | -1.63B | -1.63B | -2.70B | -299.60M | -521.14M | -347.53M |
| Financing Cash Flow | 426.02M | 504.54M | 2.92B | -102.71M | 119.58M | -220.60M |
Piccadily Agro Industries Limited Technical Analysis
Negative
557.70
Price Trends
574.49
Positive
578.51
Negative
607.17
Negative
Market Momentum
-0.22
Positive
43.95
Neutral
13.92
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:PICCADIL, the sentiment is Negative. The current price of 557.7 is below the 20-day moving average (MA) of 611.76, below the 50-day MA of 574.49, and below the 200-day MA of 607.17, indicating a neutral trend. The MACD of -0.22 indicates Positive momentum. The RSI at 43.95 is Neutral, neither overbought nor oversold. The STOCH value of 13.92 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:PICCADIL.
Piccadily Agro Industries Limited Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ₹24.89B | 262.25 | ― | ― | -5.19% | -9.57% | |
70 Neutral | ₹146.39B | 30.27 | ― | 0.52% | 43.52% | 25.18% | |
68 Neutral | ₹56.93B | 29.30 | ― | ― | 26.86% | 30.44% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
60 Neutral | ₹107.23B | 26.53 | ― | 0.79% | 15.80% | -13.42% | |
60 Neutral | ₹44.83B | 23.32 | ― | 0.35% | 23.72% | 54.92% | |
44 Neutral | ₹51.59B | -7.39 | ― | ― | -13.12% | -163.92% |
* Consumer Defensive Sector Average
IN:PICCADIL
Piccadily Agro Industries Limited
577.55
13.70
2.43%
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Piccadily Agro Industries Limited Corporate Events
Piccadily Agro Files FY 2025-26 Earnings Presentation with Stock Exchanges
Apr 28, 2026
Piccadily Agro Industries Limited has released an earnings presentation detailing its audited financial results for the quarter and full year ended March 31, 2026. The company has submitted this presentation to both BSE and NSE in compliance with ...
Piccadily Agro Surges Past ₹1,100 Crore Revenue With Strong FY26 Distillery Growth
Apr 28, 2026
Piccadily Agro Industries Limited reported a record FY26 total revenue of INR 1,143 crore, underpinned by strong momentum in its distillery and premium spirits portfolio. The company highlighted robust year-on-year growth in both revenue and profi...
Piccadily Agro Closes Trading Window Ahead of FY26 Results
Mar 23, 2026
Piccadily Agro Industries Limited has announced that, in line with the SEBI (Prohibition of Insider Trading) Regulations, 2015 and its internal code of conduct, the trading window for dealing in its securities will be closed for designated persons...
Piccadily Agro Allots ESOP Shares, Marginally Increases Paid-Up Capital
Mar 6, 2026
Piccadily Agro Industries Limited’s board has approved the allotment of 2,092 equity shares under the Piccadily Agro Employee Stock Option Plan 2024, following the exercise of options by eligible employees. As a result, the company’s i...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.