PICCADIL

Piccadily Agro Industries Limited

Premium spirits and industrial alcohol producer with Indri single malt brand

Fast Moving Consumer Goods›Fast Moving Consumer Goods›Beverages›Breweries & Distilleries

piccadily.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹589.90
Market cap
5,827 Cr
Stock P/E
41.5
P/B
6.45
Dividend yield
0.5%
ROE (FY26)
15.3%
ROCE (FY26)
15.2%
Operating margin (FY26)
18.5%
Debt / equity (FY26)
0.59
OCF / EBITDA (FY26)
50.6%
OCF / EBITDA (3Y)
25.1%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Piccadily Agro (Piccadily Agro Industries) makes and sells premium Indian spirits under brands such as Indri single malt and Camikara aged rum, and also sells bulk distillery products such as ethanol and runs a sugar business.

Company snapshot

6thBy market cap

Ranked among 15 companies in Breweries & Distilleries.

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales123 Cr192 Cr285 Cr208 Cr201 Cr206 Cr272 Cr229 Cr233 Cr314 Cr360 Cr271 Cr
Operating expenses (approx.)98 Cr158 Cr218 Cr181 Cr158 Cr158 Cr206 Cr191 Cr186 Cr236 Cr288 Cr227 Cr
EBITDA24 Cr34 Cr67 Cr28 Cr42 Cr48 Cr66 Cr38 Cr46 Cr78 Cr71 Cr44 Cr
OPM %19.9%17.9%23.5%13.3%21.0%23.2%24.1%16.6%19.9%24.8%19.9%16.2%
Other income0.02 Cr0.09 Cr0.61 Cr0.62 Cr1 Cr3 Cr2 Cr0.68 Cr2 Cr1 Cr4 Cr3 Cr
Interest5 Cr3 Cr4 Cr4 Cr5 Cr9 Cr9 Cr9 Cr7 Cr6 Cr7 Cr9 Cr
Depreciation4 Cr4 Cr4 Cr5 Cr5 Cr5 Cr5 Cr5 Cr6 Cr6 Cr6 Cr10 Cr
Profit before tax15 Cr56 Cr59 Cr19 Cr33 Cr36 Cr54 Cr25 Cr36 Cr68 Cr62 Cr28 Cr
Tax %26.8%21.2%27.1%30.7%24.8%32.0%25.9%25.8%25.3%29.4%28.2%24.2%
Net profit11 Cr44 Cr43 Cr13 Cr25 Cr25 Cr40 Cr18 Cr27 Cr48 Cr45 Cr21 Cr
EPS (₹)₹1.17₹4.69₹4.59₹1.39₹2.61₹2.63₹4.23₹1.95₹2.74₹4.83₹4.62₹2.17

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales372 Cr400 Cr490 Cr575 Cr636 Cr828 Cr886 Cr1,135 CrSign in free for the trailing twelve months
Operating expenses (approx.)345 Cr359 Cr439 Cr506 Cr574 Cr678 Cr703 Cr902 CrSign in free for the trailing twelve months
EBITDA27 Cr40 Cr52 Cr69 Cr62 Cr150 Cr183 Cr233 CrSign in free for the trailing twelve months
OPM %7.3%10.1%10.5%12.0%9.7%18.1%20.6%20.6%Sign in free for the trailing twelve months
Other income9 Cr0.29 Cr3 Cr0.78 Cr0.52 Cr0.82 Cr7 Cr8 CrSign in free for the trailing twelve months
Interest17 Cr15 Cr16 Cr14 Cr13 Cr16 Cr28 Cr28 CrSign in free for the trailing twelve months
Depreciation13 Cr13 Cr13 Cr15 Cr16 Cr18 Cr19 Cr23 CrSign in free for the trailing twelve months
Profit before tax4 Cr17 Cr25 Cr41 Cr32 Cr146 Cr142 Cr190 CrSign in free for the trailing twelve months
Tax %39.2%-13.8%28.3%29.3%30.8%24.7%27.8%27.8%Sign in free for the trailing twelve months
Net profit2 Cr19 Cr18 Cr29 Cr22 Cr110 Cr102 Cr138 CrSign in free for the trailing twelve months
EPS (₹)₹0.23₹2.03₹1.90₹3.09₹2.36₹11.63₹10.85₹14.21Sign in free for the trailing twelve months
Dividend payout %——10.5%16.1%4.2%1.7%27.2%0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital95 Cr95 Cr95 Cr95 Cr95 Cr94 Cr94 Cr99 Cr
Reserves55 Cr75 Cr91 Cr112 Cr137 Cr245 Cr586 Cr802 Cr
Borrowings106 Cr110 Cr96 Cr135 Cr154 Cr172 Cr308 Cr531 Cr
Other liabilities214 Cr182 Cr217 Cr187 Cr207 Cr228 Cr156 Cr208 Cr
Total liabilities470 Cr461 Cr499 Cr529 Cr593 Cr739 Cr1,144 Cr1,639 Cr
Fixed assets (net)148 Cr141 Cr135 Cr144 Cr194 Cr218 Cr282 Cr580 Cr
CWIP46 Cr46 Cr46 Cr52 Cr32 Cr42 Cr201 Cr73 Cr
Investments65 Cr69 Cr62 Cr59 Cr61 Cr61 Cr60 Cr70 Cr
Inventories126 Cr148 Cr178 Cr174 Cr191 Cr196 Cr303 Cr410 Cr
Trade receivables42 Cr32 Cr51 Cr50 Cr69 Cr137 Cr137 Cr243 Cr
Cash & bank17 Cr4 Cr8 Cr6 Cr4 Cr14 Cr10 Cr15 Cr
Other assets26 Cr21 Cr19 Cr43 Cr41 Cr72 Cr152 Cr248 Cr
Total assets470 Cr461 Cr499 Cr529 Cr593 Cr739 Cr1,144 Cr1,639 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity58 Cr-0.16 Cr12 Cr45 Cr37 Cr51 Cr-27 Cr118 Cr
Cash from investing0.86 Cr-8 Cr0.19 Cr-35 Cr-52 Cr-30 Cr-270 Cr-163 Cr
Cash from financing-44 Cr-4 Cr-9 Cr-22 Cr12 Cr-10 Cr292 Cr50 Cr
Net cash flow15 Cr-12 Cr4 Cr-12 Cr-3 Cr11 Cr-5 Cr5 Cr
Free cash flow (OCF − Capex)——4 Cr15 Cr-5 Cr29 Cr-270 Cr-40 Cr

Ratios

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %7.9%11.3%14.5%16.2%11.8%31.6%17.2%15.2%
ROE %1.4%11.3%9.7%14.2%9.6%32.3%15.0%15.3%
Debtor days4129383240605678
Inventory days184187196187194196265237
Days payable2181601591251351174749
Cash conversion cycle856759499139274265
OCF / EBITDA %213.3%-0.4%23.4%64.9%60.8%34.0%-14.8%50.6%
OCF / EBITDA % (3 years)——58.6%35.3%51.8%47.5%15.6%25.1%
Debt / equity0.700.650.520.650.660.510.450.59
Current ratio0.710.780.931.001.031.281.851.63
Net debt / EBITDA3.282.611.711.862.441.051.632.21