As of 6 Nov 2026, Piccadily Agro Industries trades at 40.6× trailing earnings, above the industry P/E of 31.3×, and the shares are 28% below their 52-week high. Sales and net profit grew 19% and 83% a year over 3 years, with ROCE of 20% and ROE of 17%. Debt is 0.59× equity, and its dividend yield is 0.2%. It is a small-cap company with a market cap of ₹5,740 Cr, ranked 5th of 19 Beverages (Wineries & Distilleries) companies by market cap; the shares fell 14% over the past year.
- ₹592.40
- ₹592.40
- ₹580.55
- ₹589.35
- 55.3K
Health check
- ReturnsBehind
−14.5% over a year, better than 2 of 7 peers.
- Price tagPricier
P/E 40.6 vs industry 31.3.
- GrowthStrong
Sales +19.5%, profit +83.3% a year over 3 years.
- ProfitabilityAverage
ROCE 20.0% vs peer median 24.0%.
- Balance sheetStretched
Debt 0.59× equity, interest covered 8.1×, Piotroski 3 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹5,740 Cr
- Small cap
- P/E
- 40.6
- Industry 31.3
- Price to book
- 6.25
- Peers 7.54
- Dividend yield
- 0.17%
- ROE
- 17.4%
- Peers 14.8%
- ROCE
- 20.0%
- Peers 24.0%
- Debt to equity
- 0.59
- Debt ₹531 Cr
- EPS (TTM)
- ₹14.34
- Face value ₹10
- OPM (TTM)
- 22.4%
- Net margin 13.1%
- Sales growth
- +16.7%
- Latest quarter vs a year ago
- Profit growth
- +16.3%
- Latest quarter vs a year ago
- Price to sales
- 5.34
- EV/EBITDA 26.1
Strengths and risks
Strengths
- Quarterly sales up 16.7% on a year ago.
About Piccadily Agro Industries
Piccadily Agro Industries Limited engages in the manufacture and sale of alcoholic beverages in India and internationally. It operates in two segments, Sugar and Distillery. The company offers liquor, rectified spirit, extra neutral alcohol, ethanol, malt spirit, carbon dioxide gas, cask aged rum, vodka, and alcoholic beverage under the Indri, Camikara, Cashmir, Whistler, and Royal Highland brands. It also manufactures and sells white crystal sugar…
- Headquarters
- Gurugram
- Employees
- 339
- Sector
- Consumer Defensive
- ISIN
- INE546C01010
- Website
- piccadily.com
Price range
- Avg volume (3M)
- 2.5 L
- 1-year return
- minus 14.5%
- From 52-week high
- minus 28.1%
Peers · Beverages - Wineries & Distilleries
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| UNITDSPRUnited Spirits | 1,418.00 | plus 1.69% | 1,00,686 | 59.8 | 11.11 | 25.5% | 19.2% | 17.8% | 5.6% | 17.4% | 1.20% | minus 3.9% |
| RADICORadico Khaitan | 4,515.20 | minus 0.22% | 60,499 | 75.9 | 16.49 | 24.0% | 24.0% | 19.4% | 24.6% | 40.0% | 0.20% | plus 41.4% |
| ABDLAllied Blenders and Distillers | 708.00 | plus 1.28% | 19,803 | 86.8 | 12.05 | 24.6% | 13.3% | 13.5% | 7.4% | 422.4% | 0.76% | plus 4.0% |
| TITilaknagar Industries | 485.50 | minus 0.32% | 12,035 | – | 3.98 | – | −2.7% | 15.7% | – | – | 0.21% | minus 3.4% |
| PICCADILPiccadily Agro Industries | 582.30 | minus 1.20% | 5,740 | 40.6 | 6.25 | 20.0% | 17.4% | 13.4% | 19.5% | 83.3% | 0.17% | minus 14.5% |
| IGLSPIRITSIGL Spirits | 852.28 | minus 4.25% | 5,713 | 95.9 | – | – | – | 0.0% | – | – | 0.00% | minus 7.5% |
| GLOBUSSPRGlobus Spirits | 693.25 | minus 0.93% | 2,181 | 22.0 | 1.62 | 12.4% | 7.9% | 10.0% | 8.7% | −9.1% | 0.94% | minus 38.4% |
| GMBREWGM Breweries | 837.50 | minus 0.18% | 1,913 | 11.1 | 1.68 | 19.1% | 16.3% | 24.6% | 8.0% | 16.2% | 1.07% | minus 32.9% |
| Median of 7 peers | – | −0.22% | 12,035 | 67.9 | 7.54 | 24.0% | 14.8% | 15.7% | 8.0% | 17.4% | 0.76% | −3.9% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 213 | 211 | 275 | 335 | 248 | |
| 175 | 164 | 197 | 263 | 205 | |
| 37.9 | 46.3 | 77.8 | 71.4 | 43.7 | |
| 17.8% | 22.0% | 28.3% | 21.3% | 17.6% | |
| 0.7 | 1.6 | 1.4 | 4.1 | 3.1 | |
| 8.6 | 6.5 | 5.6 | 7 | 8.7 | |
| 5.1 | 6.3 | 6.1 | 5.8 | 10 | |
| 0 | 0 | – | −0 | – | |
| 24.9 | 35.1 | 67.5 | 62.8 | 28.1 | |
| 25.7% | 25.8% | 29.5% | 27.9% | 24.3% | |
| 18.4 | 26.7 | 47.7 | 45.2 | 21.4 | |
| 1.93 | 2.72 | 4.83 | 4.62 | 2.17 |
Profit & loss
- Sales CAGR 3Y
- +19.5%
- Profit CAGR 3Y
- +83.3%
- EPS CAGR 3Y
- +81.6%
- ROE
- 17.4%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 609 | 779 | 818 | 1,038 | |
| – | +28.0% | +5.0% | +26.9% | |
| 547 | 610 | 635 | 804 | |
| 61.7 | 169 | 183 | 233 | |
| 10.1% | 21.7% | 22.4% | 22.5% | |
| −0.2 | −19.3 | 5.5 | 6.8 | |
| 12.7 | 14.6 | 26.9 | 26.7 | |
| 15.6 | 18.2 | 19.5 | 23.3 | |
| 0.1 | 29.3 | 0 | 0 | |
| 33.3 | 146 | 142 | 190 | |
| 29.9% | 24.6% | 27.8% | 27.8% | |
| 22.3 | 110 | 102 | 138 | |
| – | +391.5% | minus 6.8% | +34.4% | |
| 2.37 | 11.67 | 10.84 | 14.21 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 94.7 | 94.3 | 94.3 | 98.6 | |
| 137 | 245 | 586 | 802 | |
| 154 | 172 | 308 | 531 | |
| 207 | 228 | 156 | 208 | |
| 593 | 739 | 1,144 | 1,639 | |
| 227 | 260 | 483 | 653 | |
| 32.1 | 41.9 | 201 | 72.7 | |
| 42.8 | 42.8 | 42.8 | 52.8 | |
| 22.4 | 34.5 | 63.7 | 161 | |
| 269 | 360 | 354 | 700 | |
| 593 | 739 | 1,144 | 1,639 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 37.4 | 51 | −27.1 | 118 | |
| −52.1 | −30 | −270 | −163 | |
| 12 | −10.3 | 292 | 50.5 | |
| −2.7 | 10.8 | −4.9 | 5.3 | |
| −42 | −22 | −243 | −193 | |
| −4.6 | 29.1 | −270 | −75.1 | |
| −0.9 | −1.9 | – | – |
Shareholding pattern
- Promoters68.57%
- Public31.43%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 68.57% | 31.43% | 0.00 | |
| 30 Jun 2026 | 68.57% | 31.43% | 0.00 | |
| 31 Mar 2026 | 68.57% | 31.43% | minus 0.05 | |
| 31 Dec 2025 | 68.62% | 31.38% | 0.00 | |
| 30 Sep 2025 | 68.62% | 31.38% | – |
Major shareholders
Filings & events
News
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