Piccadily Agro Industries Ltd
Piccadily Agro Industries Ltd (PAIL), was incorporated in the year 1994 and started its commercial operations in 1997 as a sugar processing company. Later in 2007, PAIL has set up a distillery unit. At present the company is engaged in manufacturing sugar and distillery products at a manufacturing plant in Haryana. [1]
Strengths
- +Company is expected to give good quarter
- +Company has delivered good profit growth of 51.2% CAGR over last 5 years
Weaknesses
- −Though the company is reporting repeated profits, it is not paying out dividend
Shareholding Pattern
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 70.97% | 70.97% | 70.97% | 70.97% | 70.47%▼0.5 | 68.62%▼1.8 | 68.62% | 68.56%▼0.1 |
| FIIs | 0.17% | 0.88%▲0.7 | 0.78%▼0.1 | 0.71%▼0.1 | 0.73%▲0.0 | 0.95%▲0.2 | 1.15%▲0.2 | 0.76%▼0.4 |
| DIIs | 0.1% | 0.03%▼0.1 | 0.01%▼0.0 | 0.01% | 0%▼0.0 | 0.97%▲1.0 | 0.74%▼0.2 | 0.79%▲0.1 |
| Public | 28.76% | 28.13%▼0.6 | 28.24%▲0.1 | 28.3%▲0.1 | 28.8%▲0.5 | 29.46%▲0.7 | 29.5%▲0.0 | 29.9%▲0.4 |
Financial Statements
| Metric | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 178 | 269 | 196 | 185 | 182 | 255 | 214 | 212 | 276 | 335 |
| Expenses | 143 | 202 | 168 | 142 | 134 | 189 | 176 | 165 | 198 | 263 |
| Operating Profit | 35 | 67 | 28 | 43 | 48 | 66 | 38 | 47 | 78 | 72 |
| OPM % | 20% | 25% | 14% | 23% | 26% | 26% | 18% | 22% | 28% | 21% |
| Net Profit | 45 | 44 | 14 | 25 | 25 | 40 | 19 | 27 | 48 | 46 |
| EPS ₹ | 4.8 | 4.61 | 1.52 | 2.64 | 2.66 | 4.28 | 1.99 | 2.7 | 4.89 | 4.66 |
AI Insights
Mar 2026 revenue at ₹1,038Cr, up 30.2% YoY. OPM at 23%.
Borrowings at ₹531Cr. Debt-to-equity ratio: 0.66x. Moderate leverage.
CWIP at ₹49Cr (8% of fixed assets). Moderate ongoing capital expenditure.
DIIs: 0.79% (+0.79pp change). FIIs: 0.76% (+0.76pp change). Promoters hold 68.56%.
ROCE improving from 11% (Mar 2015) to 18% (Mar 2026). Working capital days: 70.
PE 41.3x with 18.2% ROCE. Price is 539% above book value of ₹91.6. Dividend yield: 0%.
Recent Announcements
- Announcement under Regulation 30 (LODR)-Press Release / Media Release 12 May - Piccadily Distillery won top honors at London Spirits Competition 2026 and Asian Spirits Masters 2026.
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 2 May - FY26 earnings call: crossed ₹1,000 crore sales, filed sugar demerger, guided 60%-70% FY27 growth.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 30 Apr
- Announcement under Regulation 30 (LODR)-Investor Presentation 29 Apr - Earnings Presentation on the Audited Financial Results for the Quarter and Year ended March 31, 2026.
- Announcement under Regulation 30 (LODR)-Press Release / Media Release 28 Apr - FY26 revenue rose 28% to Rs 1,143 crore; demerger filed with SEBI, Chhattisgarh monetisation starts May 2026.
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse