NSE: PICCADIL · BSE: 530305 · ISIN INE546C01010
Piccadily Agro Industries Limited stock analysis
Piccadily Agro Industries Limited ranks #1483 in the TickerSutra evidence-ranked universe with a score of 53/100 and 95% data confidence. The latest captured fundamentals show ROCE of 18.0%, quarterly sales growth of 17.4% and quarterly profit growth of 16.3%.Monitor only
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- 18.7% three-year sales CAGR
- Institutional ownership is rising
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- Debt/equity is above 0.5×
- CFO/EBITDA is below 0.6×
- Valuation is above 40× earnings
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹572cr | ₹69cr | ₹29cr | 12.0% |
| 2023 | ₹598cr | ₹62cr | ₹22cr | 10.0% |
| 2024 | ₹742cr | ₹150cr | ₹110cr | 20.0% |
| 2025 | ₹797cr | ₹183cr | ₹102cr | 23.0% |
| 2026 | ₹1,000cr | ₹233cr | ₹138cr | 23.0% |
| TTM | ₹1,075cr | ₹239cr | ₹141cr | 22.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
Piccadily Agro Industries Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 25, 2026
RoutinePiccadily Agro Industries Ltd - 530305 - Shareholder Meeting / Postal Ballot-Scrutinizer''s ReportBSE · 26 Sept 2026AGRO SCRUTINIZER REPORT 26
RoutineShareholders meetingNSE · 26 Sept 2026Piccadily Agro Industries Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 25, 2026
RoutinePiccadily Agro Industries Ltd - 530305 - Shareholder Meeting / Postal Ballot-Outcome of AGMBSE · 26 Sept 202632nd AGM Outcome 2026
RoutinePiccadily Agro Industries Ltd - 530305 - Closure of Trading WindowBSE · 21 Sept 2026Intimation of Closure of Trading window.
MANAGEMENT COMMENTARY
Signals from filed documents
It represents an opportunity to deepen consumer engagement with the craft, heritage and innovation that define our whisky-making philosophy. SEGMENT PERFORMANCE One of the most significant achievements of the year was the completion of our two major capacity expansion projects, both delivered within budget. In the Indri distillery, we expanded ENA and ethanol capacity from 78 KLPD to 220 KLPD, while increasing malt c
Our premium, super premium, and luxury portfolio grew 47.3% to 82 crores, raising its contribution to 43.5% of distillery revenue compared with 37.8% in Q1 FY26. And this is precisely the transformation we have been working on, shifting the business progressively towards higher value, higher margin, and more differentiated products. Our growth continues to significantly outpace the broader industry within the premium
The Company continues to benefit from premiumisation trends within the alcoholic beverages industry. Its strategic priorities include portfolio expansion, deeper market penetration and export growth. A differentiated product offering, brand portfolio, enhanced manufacturing capabilities,growing brand salience and an alcobev portfolio which has been consistently winning global and domestic awards position the Company
Its strategic priorities include portfolio expansion, deeper market penetration and export growth. A differentiated product offering, brand portfolio, enhanced manufacturing capabilities,growing brand salience and an alcobev portfolio which has been consistently winning global and domestic awards position the Company to capture emerging opportunities across domestic and international markets. As part of its growth st
A number of new products are planned for launch during this financial year, which will further strengthen and broaden our premium portfolio. Looking at FY27, we remain confident in our growth trajectory. We expect our branded alco- bev business to grow approximately 60% to 70% for the full year, which is what we had indicated when we had done the Q4 call.
A consistent focus on innovation, product excellence and brand development has strengthened market positioning. The Company's brands are available across several states and union territories, the CSD network and international markets. This reflects rising recognition of Indian premium spirits among consumers globally.
And at that point in time we should be doing a top line of about 1,200 crores on Indri alone. Management: At current prices without any additional price increases. Himanshu Bisani: So sir, continuing on that I think in last call something you mentioned that you want to increase our export percentage and obviously when we go global for this kind of volume, our realization naturally should go up right because these wou
These factors are reviewed through our risk governance framework and, where appropriate, are incorporated into strategic planning and operational decision-making. Key areas under active monitoring include • Potential implications of the India–UK Free Trade Agreement on the premium spirits category • Evolving regulatory standards and product definitions for Indian spirits • Proposed Geographical Indication protection
And just to confirm it again sorry if I'm repeating myself, but you said since IMFL will be leading the growth so the whole IMFL portfolio excluding the country liquor the 3, 4 brands that we have they will be growing at maybe 70%, 80% by leading the growth and ethanol and country liquor will maybe grow 50%, 60% of course the mix may change but this is more or less right? Rahil Dasani: On the debt reduction part now
These shifts are supporting category expansion across demographics. Favourable Excise Policies Regulatory reforms and improved excise frameworks can strengthen market access. They also enhance operating efficiency and support industry development.
C) Phone and other communication facilities subject to the conditions that personal long-distance calls shall be recovered from the Whole-Time Director. Minimum remuneration Notwithstanding anything to the contrary herein contained where in any financial year during the currency of the tenure of Whole-Time Director, the company has no profits or its profits are inadequate, the company will pay remuneration by way of
Diversified sourcing across multiple regions, long-term procurement arrangements, a resilient supply network and an increasing contribution from premium products with stronger margin profiles. State Excise Policy and Regulatory Complexity Variations in state regulations may affect pricing approvals, product registrations, market access and product launches. Dedicated compliance teams, advance label registrations, eng
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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