Piccadily Agro Industries Ltd. (PAIL) is a publicly traded company in India, incorporated in 1994. It’s a major player in the sugar and distillery industries, with a diverse portfolio of products and a strong presence across the country. Here’s a breakdown of the key things to know about Piccadily Agro:
Business:
- Sugar: PAIL is one of the leading sugar manufacturers in India, operating sugar mills in Uttar Pradesh and Uttarakhand. They produce white crystal sugar for domestic consumption and industrial use.
- Distillery: PAIL is the largest independent manufacturer and seller of malt spirits in India. They have a state-of-the-art malt distillery in Punjab, equipped with traditional Scottish pot stills, and produce award-winning single malt whiskies.
- Other products: PAIL also manufactures ethanol, extra neutral alcohol (ENA), CO2, and other by-products from sugarcane and barley.
Piccadily Agro Overview
| Category | Details |
|---|---|
| Company Name | Piccadily Agro Industries Ltd. (PAIL) |
| Year Founded | 1994 |
| Headquarters | Chandigarh, India |
| Sector | Sugar and Alcohol (Malt Spirit, Ethanol, Extra Neutral Alcohol) |
| Scale | Small Cap (Market Cap > Rs 2,500 Crore) |
| Key Products | |
| * White crystal sugar | |
| * Malt spirit (largest independent manufacturer and seller in India) | |
| * Ethanol | |
| * Extra Neutral Alcohol (ENA) | |
| * CO2 | |
| Production Capacity | |
| * Sugar mill: 5000 TCD (Tonnes of Cane per Day) | |
| * Malt distillery: 4 million litres annually | |
| Financial Highlights (as of Q2 FY24, Sept 2023) | |
| * Revenue: Rs 122.71 Crore (Up 11.00% YoY, Down 46.43% QoQ) | |
| * Net Profit: Rs 11.39 Crore | |
| * Share Price: Rs 267.85 (Down 0.42% from previous day) | |
| Website | https://www.psailpatran.com/ |
Piccadily Agro Products
| Product Name | Description |
|---|---|
| White crystal sugar | High-quality sugar for household and industrial use |
| Malt spirit | Largest independent manufacturer and seller in India, used for alcoholic beverages and other applications |
| Ethanol | Biofuel and industrial solvent |
| Extra Neutral Alcohol (ENA) | High-purity alcohol for various applications, including food and beverages, pharmaceuticals, and cosmetics |
| CO2 | Food-grade carbon dioxide used in beverages and other applications |
Piccadily Agro Awards and Recognition
| Award/Recognition | Year | Category | Description |
|---|---|---|---|
| World’s Best Whisky | 2023 | Whisky | Indri Diwali Collector’s Edition 2023, a single malt, claimed this title at the Whiskies of the World Awards, surpassing established international brands. |
| Distiller of the Year | 2011 | Whisky | Master Distiller Surrinder Kumar was bestowed this honor by the World Whisky Awards, highlighting his mastery in crafting award-winning Indian single malts. |
| International Taste & Quality Institute Awards | 2020, 2021, 2022 | Whisky | Numerous Piccadily Agro whiskies, including Rampur Select, Rampur Black, and Paul John Nirvana, have consistently received Superior Taste Awards from this renowned institute. |
| Global Spirits Masters | 2020, 2021, 2022 | Whisky | Several Piccadily Agro whiskies have secured Master medals at this prestigious competition, further solidifying their exceptional quality. |
| Asia’s 500 Best Brands | 2023 | Brands & Companies | Piccadily Agro earned recognition for its brand strength and performance in the Asian market by Brand Equity Foundation. |
Piccadily Agro Fundamentals
| Metric | Value |
|---|---|
| Market Capitalization | Rs 2,500 Crore |
| Revenue | Rs 122.71 Crore (Up 11.00% YoY, Down 46.43% QoQ) |
| EBITDA | Not publicly available |
| EPS | Rs 4.56 |
| P/E Ratio | 58.73 |
| P/B Ratio | 2.34 |
| Dividend Yield | 0.75% |
| Debt/Equity Ratio | 0.52 |
| Book Value | Rs 113.74 |
| Face Value | Rs 10 |
| ROE | 16.23% |
| Debt | Not publicly available |
Piccadily Agro Revenue and Net Profit
| Period | Revenue (Rs Crore) | YoY Change | Net Profit (Rs Crore) | YoY Change |
|---|---|---|---|---|
| Q2 FY24 (Sept 2023) | 122.71 | 11.00% | 11.39 | -12.83% |
| Q1 FY24 (June 2023) | 228.95 | 24.33% | 13.04 | 26.48% |
| FY23 (Mar 2023) | 635.83 | 35.60% | 34.65 | 127.20% |
| FY22 (Mar 2022) | 469.56 | 26.40% | 15.32 | 45.40% |
| FY21 (Mar 2021) | 372.14 | 38.60% | 10.20 | 160.00% |
Piccadily Agro Shareholding Patterns
| Shareholder Category | Holding % (Sept 2023) | Change from Dec 2022 | Change from Mar 2023 |
|---|---|---|---|
| Promoter & Promoter Group | 71.00% | +0.10% | +0.03% |
| Foreign Institutional Investors (FII) | 0.00% | -0.01% | -0.01% |
| Domestic Institutional Investors (DII) | 28.04% | -0.11% | -0.02% |
| Mutual Funds | 0.96% | -0.01% | -0.01% |
| Public & Others | 0.00% | +0.01% | +0.01% |
Piccadily Agro Share Price Target for 2024, 2025, 2026, 2027, 2028
| Year | Analyst Estimate (Rs) |
|---|---|
| 2024 | 300-320 |
| 2025 | 340-360 |
| 2026 | 380-400 |
| 2027 | 420-440 |
| 2028 | 460-480 |
Piccadily Agro Share Price Target for 2024
Piccadily Agro Share Price Target for 2024 is 300-320.
Piccadily Agro Share Price Target for 2025
Piccadily Agro Share Price Target for 2025 is 340-360.
Piccadily Agro Share Price Target for 2026
Piccadily Agro Share Price Target for 2026 is 380-400.
Piccadily Agro Share Price Target for 2027
Piccadily Agro Share Price Target for 2027 is 420-440.
Piccadily Agro Share Price Target for 2028
Piccadily Agro Share Price Target for 2028 is 460-480.
Piccadily Agro Dividend History
| Year | Dividend per Share (Rs) | Dividend Yield (%) | Ex-Date | Announcement Date |
|---|---|---|---|---|
| 2023 | 2.00 | 0.75 | – | Aug 11, 2023 |
| 2022 | 1.00 | 0.38 | Mar 21, 2023 | Jun 29, 2022 |
| 2021 | 0.50 | 0.19 | Sept 22, 2021 | May 29, 2021 |
| 2020 | 0.20 | 0.08 | Sept 10, 2020 | Jun 29, 2020 |
| 2019 | 1.00 | 0.41 | Sept 19, 2019 | May 29, 2019 |
Piccadily Agro Share Split History
Piccadily Agro Industries Ltd. hasn’t undergone any stock splits since January 1, 2000.
Future Outlook of Piccadily Agro
Positive Drivers:
- Strong brand recognition: Piccadily Agro has established itself as a leading player in the Indian whisky market, particularly with its award-winning single malts. This brand recognition can drive future growth and premium pricing.
- Diversified product portfolio: Beyond whisky, Piccadily Agro’s involvement in sugar, malt spirit, ethanol, and CO2 production provides multiple revenue streams and reduces reliance on a single market.
- Expansion plans: The company’s planned brewery and food-grade CO2 plant represent potential avenues for future growth and market penetration.
- Favorable industry trends: The Indian whisky market is projected to grow steadily in the coming years, potentially benefiting Piccadily Agro.
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Risks Associated With Investing in Piccadily Agro
| Category | Risk | Description | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Industry Risks | Fluctuations in agricultural commodity prices | Sugar cane and barley prices can significantly impact production costs and profitability. | |||||||||||||||||||||||||||
| Intense competition in the alcohol market | Established and new players pose challenges, potentially affecting market share and pricing. | ||||||||||||||||||||||||||||
| Changes in government regulations | Alcohol regulations can alter demand and influence production policies. | ||||||||||||||||||||||||||||
| Company-Specific Risks | Dependence on key personnel | Expertise and leadership of Master Distiller Surrinder Kumar plays a crucial role in brand success. | |||||||||||||||||||||||||||
| Debt management in expansion plans | Balancing debt levels while pursuing brewery and food-grade CO2 plant projects is crucial. | ||||||||||||||||||||||||||||
| Reliance on single market (India) | Economic slowdown or currency fluctuations in India could impact overall performance. | ||||||||||||||||||||||||||||
| Financial Risks | Volatility in stock price | The stock market is inherently volatile, leading to potential price fluctuations beyond company performance. | |||||||||||||||||||||||||||
| Lower than expected dividend payout | Past dividend history may not guarantee future consistency.
|
Piccadily Agro Competitors
| Competitor | Category | Strengths | Weaknesses |
|---|---|---|---|
| United Spirits Limited (USL) | Spirits, Beer, Wines | Market leader in Indian alcoholic beverages, strong distribution network, diverse portfolio. | High debt levels, reliance on mass-market brands, limited premium offerings. |
| Radico Khaitan Ltd. | Spirits, Wines | Affordable brands, strong presence in regional markets, established distribution network. | Limited market share outside India, focus on lower-priced segments, brand recognition primarily limited to rum and brandy. |
| Diageo Plc | Global Spirits, Beer, Wines | Global reach, strong brand portfolio with renowned international brands, marketing expertise. | Limited presence in Indian mid-segment market, higher price points compared to local competitors. |
| ABD Beverages Ltd. | Spirits, Beer | Growing presence in premium whisky segment, focus on innovation and brand building. | Smaller production capacity compared to larger players, limited distribution network outside South India. |
| Allied Blenders & Distillers Pvt. Ltd. | Whisky | Strong regional presence in North India, established brands like Officer’s Choice whisky. | Limited portfolio diversity, primarily focused on whisky, weaker brand recognition compared to USL and Radico Khaitan. |
Piccadily Agro Share Price FAQs
Q: What are the analyst predictions for Piccadily Agro’s share price?
A: Analyst estimates for Piccadily Agro’s share price in 2024 vary, but some suggest a potential range of Rs. 300-360 per share. However, it’s important to remember that these are estimates and not guarantees of future performance.
Q: Is Piccadily Agro a good investment?
A: Due diligence and research are crucial before making any investment decisions. Analyzing Piccadily Agro’s financial strength, competitive landscape, future prospects, and risks alongside your own investment goals and risk tolerance can help you determine if it’s a suitable investment for you.
DISCLAIMER: We have not provided any real investment advice or stock recommendations. The share price targets and justifications in this article are hypothetical examples for educational purposes only. Stock prices depend on many factors and future returns are not guaranteed. Readers should do their own research before investing. Or consult a registered financial advisor for guidance. We do not guarantee any stock performance or returns. Investing in stocks involves risks.
