About
Piccadily Agro Industries Limited manufactures and develops alcoholic beverages in India. The company operates through Sugar and Distillery segments. It provides malt whisky, cask aged rum, and ethanol, as well as sugarcane juice rum, country liquor, and vodka. The company also manufactures and sells white crystal sugar from sugar cane; and rectified spirit, carbon dioxide gas, and extra neutral alcohol from molasses/rice/wheat, malt, and pet. It offers liquor under the Whistler Whisky, Camikara Rum, Indri, Royal Highland, and Cashmir brand names. The company was founded in 1953 and is based in Gurugram, India.
Key Metrics
as of Sep 2026Market Cap6,077 Cr
P/E43.20
Div Yield0.16 %
Book Value₹91.40
52w High₹810.00
52w Low₹515.00
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 251.00 | 335.00 | 276.00 | 212.00 | 214.00 | 255.00 | 182.00 | 185.00 | 196.00 | 269.00 | 178.00 | 114.00 | 219.00 |
| Expenses | 207.00 | 264.00 | 199.00 | 166.00 | 176.00 | 190.00 | 135.00 | 143.00 | 168.00 | 202.00 | 143.00 | 90.00 | 194.00 |
| Operating Profit | 44.00 | 71.00 | 78.00 | 46.00 | 38.00 | 66.00 | 48.00 | 42.00 | 28.00 | 67.00 | 34.00 | 24.00 | 25.00 |
| OPM % | 17.00 | 21.00 | 28.00 | 22.00 | 18.00 | 26.00 | 26.00 | 23.00 | 14.00 | 25.00 | 19.00 | 21.00 | 11.00 |
| Other Income | 3.00 | 4.00 | 1.00 | 2.00 | 1.00 | 2.00 | 3.00 | 1.00 | 1.00 | 1.00 | 29.00 | 0.00 | 0.00 |
| Depreciation | 10.00 | 6.00 | 6.00 | 6.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 4.00 | 4.00 | 4.00 | 6.00 |
| Interest | 9.00 | 7.00 | 6.00 | 7.00 | 9.00 | 9.00 | 9.00 | 5.00 | 4.00 | 4.00 | 3.00 | 5.00 | 4.00 |
| Profit before tax | 28.00 | 63.00 | 68.00 | 35.00 | 25.00 | 54.00 | 36.00 | 33.00 | 20.00 | 59.00 | 57.00 | 15.00 | 15.00 |
| Tax % | 24.00 | 28.00 | 29.00 | 26.00 | 26.00 | 26.00 | 32.00 | 25.00 | 29.00 | 27.00 | 21.00 | 26.00 | 26.00 |
| Net Profit | 21.00 | 45.00 | 48.00 | 27.00 | 18.00 | 40.00 | 25.00 | 25.00 | 13.00 | 43.00 | 44.00 | 11.00 | 11.00 |
| EPS in Rs | 2.18 | 4.53 | 4.84 | 2.71 | 1.94 | 4.23 | 2.63 | 2.61 | 1.39 | 4.59 | 4.70 | 1.18 | 1.16 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,038.00 | 797.00 | 742.00 | 598.00 | 572.00 | 488.00 | 399.00 | 371.00 | 334.00 | 329.00 | 271.00 | 344.00 |
| Expenses | 804.00 | 614.00 | 592.00 | 537.00 | 503.00 | 437.00 | 359.00 | 344.00 | 308.00 | 282.00 | 248.00 | 316.00 |
| Operating Profit | 233.00 | 183.00 | 150.00 | 62.00 | 69.00 | 52.00 | 40.00 | 27.00 | 26.00 | 47.00 | 23.00 | 28.00 |
| OPM % | 22.00 | 23.00 | 20.00 | 10.00 | 12.00 | 11.00 | 10.00 | 7.00 | 8.00 | 14.00 | 9.00 | 8.00 |
| Other Income | 8.00 | 7.00 | 30.00 | 1.00 | 1.00 | 3.00 | -1.00 | 9.00 | 5.00 | 1.00 | 7.00 | 6.00 |
| Interest | 28.00 | 28.00 | 16.00 | 13.00 | 14.00 | 16.00 | 15.00 | 17.00 | 16.00 | 17.00 | 15.00 | 9.00 |
| Depreciation | 23.00 | 19.00 | 18.00 | 16.00 | 15.00 | 13.00 | 13.00 | 13.00 | 13.00 | 13.00 | 11.00 | 11.00 |
| Profit before tax | 190.00 | 142.00 | 146.00 | 33.00 | 41.00 | 25.00 | 11.00 | 7.00 | 2.00 | 18.00 | 5.00 | 15.00 |
| Tax % | 28.00 | 28.00 | 25.00 | 30.00 | 29.00 | 29.00 | -21.00 | 21.00 | -148.00 | 57.00 | 68.00 | 39.00 |
| Net Profit | 138.00 | 102.00 | 110.00 | 22.00 | 29.00 | 18.00 | 19.00 | 2.00 | 5.00 | 8.00 | 2.00 | 9.00 |
| EPS in Rs | 13.95 | 10.85 | 11.63 | 2.37 | 3.10 | 1.90 | 2.03 | 0.23 | 0.48 | 0.84 | 0.16 | 0.94 |
| Dividend Payout % | 0.00 | 0.00 | 0.00 | 0.00 | 3.00 | 26.00 | 10.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 99.00 | 94.00 | 94.00 | 95.00 | 95.00 | 95.00 | 95.00 | 95.00 | 95.00 | 95.00 | 47.00 | 24.00 |
| Reserves | 802.00 | 586.00 | 245.00 | 137.00 | 112.00 | 91.00 | 75.00 | 55.00 | 64.00 | 59.00 | 86.00 | 110.00 |
| Borrowings | 531.00 | 308.00 | 172.00 | 154.00 | 135.00 | 125.00 | 126.00 | 131.00 | 144.00 | 128.00 | 156.00 | 85.00 |
| Other Liabilities | 208.00 | 156.00 | 228.00 | 207.00 | 187.00 | 198.00 | 166.00 | 189.00 | 156.00 | 141.00 | 102.00 | 130.00 |
| Total Liabilities | 1,639.00 | 1,144.00 | 739.00 | 593.00 | 529.00 | 509.00 | 461.00 | 470.00 | 458.00 | 423.00 | 391.00 | 349.00 |
| Fixed Assets | 580.00 | 282.00 | 218.00 | 195.00 | 144.00 | 135.00 | 141.00 | 148.00 | 152.00 | 156.00 | 162.00 | 149.00 |
| CWIP | 73.00 | 201.00 | 42.00 | 32.00 | 52.00 | 46.00 | 46.00 | 46.00 | 50.00 | 47.00 | 30.00 | 4.00 |
| Investments | 70.00 | 60.00 | 61.00 | 61.00 | 59.00 | 62.00 | 69.00 | 65.00 | 64.00 | 64.00 | 53.00 | 52.00 |
| Other Assets | 916.00 | 601.00 | 419.00 | 305.00 | 273.00 | 265.00 | 205.00 | 211.00 | 191.00 | 155.00 | 146.00 | 145.00 |
| Total Assets | 1,639.00 | 1,144.00 | 739.00 | 593.00 | 529.00 | 509.00 | 461.00 | 470.00 | 458.00 | 423.00 | 391.00 | 349.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 118.00 | -27.00 | 51.00 | 37.00 | 45.00 | 22.00 | 0.00 | 58.00 | 41.00 | 98.00 | -6.00 | 42.00 |
| Cash from Investing Activity | -163.00 | -270.00 | -30.00 | -52.00 | -35.00 | 0.00 | -8.00 | 1.00 | -10.00 | -46.00 | -50.00 | -22.00 |
| Cash from Financing Activity | 50.00 | 292.00 | -10.00 | 12.00 | -22.00 | -9.00 | -4.00 | -44.00 | -30.00 | -52.00 | 54.00 | -22.00 |
| Net Cash Flow | 5.00 | -5.00 | 11.00 | -3.00 | -12.00 | 14.00 | -12.00 | 15.00 | 1.00 | 0.00 | -2.00 | -2.00 |
| Free Cash Flow | -40.00 | -270.00 | 29.00 | -5.00 | 18.00 | 14.00 | -6.00 | 53.00 | 29.00 | 74.00 | -64.00 | 27.00 |
| CFO/OP % | 64.00 | 10.00 | 44.00 | 77.00 | 82.00 | 55.00 | 8.00 | 216.00 | 174.00 | 208.00 | -6.00 | 191.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 85.00 | 63.00 | 67.00 | 42.00 | 32.00 | 38.00 | 30.00 | 41.00 | 24.00 | 15.00 | 15.00 | 3.00 |
| Inventory Days | 277.00 | 337.00 | 200.00 | 201.00 | 185.00 | 215.00 | 201.00 | 182.00 | 215.00 | 233.00 | 222.00 | 189.00 |
| Days Payable | 57.00 | 59.00 | 113.00 | 140.00 | 123.00 | 174.00 | 172.00 | 214.00 | 175.00 | 152.00 | 134.00 | 160.00 |
| Cash Conversion Cycle | 305.00 | 340.00 | 154.00 | 103.00 | 94.00 | 79.00 | 58.00 | 9.00 | 63.00 | 96.00 | 103.00 | 33.00 |
| Working Capital Days | 70.00 | 94.00 | 38.00 | 2.00 | -5.00 | -28.00 | -56.00 | -101.00 | -82.00 | -70.00 | -17.00 | -48.00 |
| ROCE % | 18.00 | 23.00 | 30.00 | 13.00 | 17.00 | 13.00 | 10.00 | 8.00 | 6.00 | 13.00 | 8.00 | 11.00 |
Corporate Actions
10 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 21 Sep 2023 | — | — | 0.20 | |
| Dividend | 20 Sep 2022 | — | — | 0.10 | |
| Dividend | 22 Sep 2021 | — | — | 0.50 | |
| Dividend | 10 Sep 2020 | — | — | 0.20 | |
| Bonus | 10 Oct 2016 | 13 Oct 2016 | 1:1 | — | |
| Bonus | 06 Apr 2015 | 07 Apr 2015 | 1:1 | — | |
| Dividend | 19 Sep 2013 | — | — | 1.00 | |
| Dividend | 20 Sep 2012 | — | — | 1.00 | |
| Dividend | 21 Sep 2011 | — | — | 2.00 | |
| Dividend | 14 Sep 2010 | — | — | 1.00 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update23 May from infomerics
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Rating update25 Feb 2025 from infomerics
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Rating update27 Mar 2024 from infomerics
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Rating update23 Jan 2024 from infomerics
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Rating update31 Mar 2023 from infomerics
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Rating update12 Dec 2022 from infomerics