Piccadily Agro Industries Limited (PICCADIL) AI Stock Analysis

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Piccadily Agro Industries Limited

(NSE:PICCADIL)

Select Model

Rating:75Outperform

Price Target:INR 666.00▲(12.57% Upside)

Action:reiterated

Date:08/18/26

The overall score is driven primarily by strong financial performance, with robust revenue growth, improving margins, and a solid but leveraged balance sheet, offset by volatile cash flows. Technicals provide additional support, showing a clear medium- and long-term uptrend with neutral momentum and no overbought signals, which reinforces the positive view without indicating excessive speculation. A demanding valuation, reflected in a high P/E and lack of dividend, moderates the score by implying that much of the growth story is already priced into the stock.

Positive Factors

Revenue GrowthRevenue more than doubled from FY22 to FY26, demonstrating substantial business scaling across the company’s agro-processing and alcoholic-beverages activities. The sharp FY26 acceleration supports stronger operating leverage and provides a larger base from which future earnings and investment capacity can develop.

Negative Factors

Higher DebtThe rise in total debt to 5.31B increases balance-sheet risk as the company expands. Higher obligations can reduce financial flexibility and make future investment more dependent on sustained operating cash generation, particularly if earnings growth or cash conversion weakens.

Piccadily Agro Industries Limited (PICCADIL) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 53.96B
Dividend Yield: 0.17%
Average Volume (3M): 16.36K
Price to Earnings (P/E): 41.3
Beta (1Y): 1.07
Revenue Growth: 28.56%
EPS Growth: 25.21%
Country: India
Employees: 289
Sector: General
Sector Strength: 55
Industry: Beverages - Wineries & Distilleries

Piccadily Agro Industries Limited Business Overview & Revenue Model

Company Description

Established in 1953 and based in Gurugram, India, Piccadily Agro Industries Limited is an Indian enterprise specializing in the production and development of alcoholic beverages. The company's business activities are structured around two core divisi...

How the Company Makes Money

PICCADIL primarily makes money by manufacturing and selling alcoholic beverages and bulk potable alcohol. A key revenue stream is the sale of spirits/IMFL (and/or branded liquor, where applicable) into regulated state alcohol markets in India, typica...

Piccadily Agro Industries Limited Financial Statement Overview

Summary

Score reflects strong revenue and profit growth with improving margins and a growing equity base, tempered by rising leverage and volatile operating and free cash flows.

Income Statement

88Very Positive

Balance Sheet

75Positive

Cash Flow

62Positive

Financial statement breakdown
Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2022
Income Statement
Total Revenue	2.59B	10.33B	8.18B	7.79B	5.74B	6.09B
Gross Profit	-68.06M	4.92B	3.24B	2.79B	805.00M	1.35B
EBITDA	668.45M	2.41B	1.89B	1.79B	695.72M	615.06M
Net Income	398.62M	1.37B	1.02B	1.10B	292.42M	223.34M
Balance Sheet
Total Assets	11.44B	16.39B	11.44B	7.39B	5.29B	5.93B
Cash, Cash Equivalents and Short-Term Investments	636.88M	1.66B	636.88M	345.30M	230.62M	223.87M
Total Debt	3.08B	5.31B	3.08B	1.72B	1.35B	1.54B
Total Liabilities	4.64B	7.38B	4.64B	3.99B	3.22B	3.61B
Stockholders Equity	6.80B	9.01B	6.80B	3.40B	2.07B	2.32B
Cash Flow
Free Cash Flow	-337.55M	-751.35M	-2.70B	290.58M	149.62M	-45.51M
Operating Cash Flow	1.29B	1.18B	-270.70M	510.33M	449.11M	374.44M
Investing Cash Flow	-1.63B	-1.63B	-2.70B	-299.60M	-347.53M	-521.14M
Financing Cash Flow	426.02M	504.54M	2.92B	-102.71M	-220.60M	119.58M

Piccadily Agro Industries Limited Technical Analysis

Technical Analysis SentimentPositive

Last Price591.65

Price Trends

50DMA589.52Positive

100DMA637.54Negative

200DMA607.67Negative

Market Momentum

MACD-1.26Negative

RSI53.68Neutral

STOCH65.12Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:PICCADIL, the sentiment is Positive. The current price of 591.65 is above the 20-day moving average (MA) of 573.62, above the 50-day MA of 589.52, and below the 200-day MA of 607.67, indicating a neutral trend. The MACD of -1.26 indicates Negative momentum. The RSI at 53.68 is Neutral, neither overbought nor oversold. The STOCH value of 65.12 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:PICCADIL.

Piccadily Agro Industries Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:PICCADIL against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:IFBAGRO	80Outperform	INR 7.98B	14.25	―	―	29.46%	20.54%
IN:UNITDSPR	76Outperform	INR 1.03T	61.18	―	1.19%	0.49%	0.86%
IN:PICCADIL	75Outperform	INR 57.63B	41.26	―	0.17%	28.56%	25.21%
IN:BCLIND	68Neutral	INR 8.80B	7.64	―	1.16%	-10.85%	13.24%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:TI	48Neutral	INR 124.31B	-167.06	―	0.19%	150.10%	-122.03%
IN:TRIVENI	45Neutral	INR 54.18B	15.65	―	1.11%	1.54%	33.20%

* General Sector Average

Performance Comparison

IN:PICCADIL and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:PICCADIL	Piccadily Agro Industries Limited	591.65	-36.35	-5.79%
IN:BCLIND	BCL Industries Ltd	30.22	-5.96	-16.48%
IN:IFBAGRO	IFB Agro Industries Ltd.	943.20	-594.05	-38.64%
IN:TI	Tilaknagar Industries Limited	516.75	31.08	6.40%
IN:TRIVENI	Triveni Engineering and Industries Limited	248.20	24.55	10.98%
IN:UNITDSPR	United Spirits Limited	1429.95	12.58	0.89%

Piccadily Agro Industries Limited Corporate Events

Piccadily Agro Notifies Exchanges of Earnings Presentation

Nov 12, 2026

Piccadily Agro Industries Limited informed BSE and NSE that it submitted an earnings presentation covering its unaudited financial results for the six months and quarter ended September 30, 2026. The disclosure was made under Regulation 30 of the SEB...

Piccadily Agro Files Scrutinizer Report for 32nd AGM E-Voting

Sep 25, 2026

Piccadily Agro Industries Limited has reported on the conduct of its 32nd Annual General Meeting of equity shareholders, held on September 25, 2026, via video conferencing and other audio-visual means. The company appointed practicing company secreta...

Piccadily Agro files Q1 FY27 earnings call transcript with exchanges

Aug 17, 2026

Piccadily Agro Industries Limited has released the transcript of its Q1 FY27 earnings conference call, complying with disclosure requirements for listed companies in India. The call, held on August 12, 2026, featured senior leadership including the c...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 18, 2026

Piccadily Agro Industries Limited AI Stock Analysis