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Piccadily Agro Industries Limited (PICCADIL) AI Stock Analysis

IN:PICCADIL

Piccadily Agro Industries Limited

(NSE:PICCADIL)

Select Model
Rating:68Neutral
Price Target:INR 609.00â–²(9.02% Upside)
Action:downgraded
Date:08/18/26

Strong financial performance reflecting robust growth and profitability is the primary driver. Technical analysis provides moderate support via long-term positive trends, while elevated valuation metrics constrain the score.

Positive Factors
Revenue GrowthRevenue more than doubled across the reported period, demonstrating meaningful business scaling and stronger market activity. Continued expansion provides a broader base for operating leverage, supports reinvestment in distillery and beverage capacity, and can strengthen the company’s competitive position over the next several quarters.
Negative Factors
Higher DebtThe sharp increase in total debt raises financial risk as the company grows, particularly because repayment capacity depends on consistent operating cash generation. Higher leverage can reduce flexibility for future investment, increase financing obligations, and make earnings more sensitive to weaker operating conditions.

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

-30%-20%-10%0%10%20%IN:PICCADIL-18.98%INDA-12.02%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
INR 55.04B
Dividend Yield
0.18%
Average Volume (3M)
22.48K
Price to Earnings (P/E)
38.9
Beta (1Y)
1.22
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

Strong revenue and profit growth with expanding margins from the income statement, coupled with solid balance sheet expansion and low leverage, though offset by cash flow volatility.

Income Statement

90Very Positive

Balance Sheet

85Very Positive

Cash Flow

60Neutral
Financial statement breakdown
BreakdownTTMMar 2025Mar 2024Mar 2023Mar 2022Mar 2022
Income Statement
Total Revenue2.59B10.33B8.18B7.79B5.74B6.09B
Gross Profit-68.06M4.92B3.24B2.79B805.00M1.35B
EBITDA668.45M2.41B1.89B1.79B695.72M615.06M
Net Income398.62M1.37B1.02B1.10B292.42M223.34M
Balance Sheet
Total Assets11.44B16.39B11.44B7.39B5.29B5.93B
Cash, Cash Equivalents and Short-Term Investments636.88M1.66B636.88M345.30M230.62M223.87M
Total Debt3.08B5.31B3.08B1.72B1.35B1.54B
Total Liabilities4.64B7.38B4.64B3.99B3.22B3.61B
Stockholders Equity6.80B9.01B6.80B3.40B2.07B2.32B
Cash Flow
Free Cash Flow-337.55M-751.35M-2.70B290.58M149.62M-45.51M
Operating Cash Flow1.29B1.18B-270.70M510.33M449.11M374.44M
Investing Cash Flow-1.63B-1.63B-2.70B-299.60M-347.53M-521.14M
Financing Cash Flow426.02M504.54M2.92B-102.71M-220.60M119.58M

Piccadily Agro Industries Limited Technical Analysis

Technical Analysis SentimentNegative
Last Price558.60

Price Trends

50DMA605.08Negative
100DMA637.10Negative
200DMA607.44Negative

Market Momentum

MACD-13.37Negative
RSI41.46Neutral
STOCH46.66Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:PICCADIL, the sentiment is Negative. The current price of 558.60 is below the 20-day moving average (MA) of 572.77, below the 50-day MA of 605.08, and below the 200-day MA of 607.44, indicating a bearish trend. The MACD of -13.37 indicates Negative momentum. The RSI at 41.46 is Neutral, neither overbought nor oversold. The STOCH value of 46.66 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:PICCADIL.

Piccadily Agro Industries Limited Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

IN:PICCADIL against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
IN:UNITDSPRIN:UNITDSPR74OutperformINR 969.56B57.26―1.28%0.49%2.81%
IN:BCLINDIN:BCLIND68NeutralINR 8.90B7.63―1.16%-10.85%13.24%
IN:PICCADILIN:PICCADIL68NeutralINR 55.06B38.88―0.18%28.56%25.21%
IN:IFBAGROIN:IFBAGRO64NeutralINR 7.57B12.85――38.87%91.31%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
IN:TIIN:TI51NeutralINR 119.30B-375.66―0.21%150.10%-122.03%
IN:TRIVENIIN:TRIVENI45NeutralINR 49.75B17.61―1.22%4.78%29.94%

* General Sector Average

Performance Comparison

-40%-20%0%20%IN:PICCADILIN:BCLINDIN:IFBAGROIN:TIIN:TRIVENIIN:UNITDSPRDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
IN:PICCADIL and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
IN:PICCADILPiccadily Agro Industries Limited558.60-147.32-20.87%
IN:BCLINDBCL Industries Ltd30.16-9.26-23.49%
IN:IFBAGROIFB Agro Industries Ltd.808.55-640.15-44.19%
IN:TITilaknagar Industries Limited481.25-44.64-8.49%
IN:TRIVENITriveni Engineering and Industries Limited225.756.322.88%
IN:UNITDSPRUnited Spirits Limited1333.00-97.22-6.80%

Piccadily Agro Industries Limited Corporate Events

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...

Piccadily Agro Board Clears Q1 Results and Proposes New Statutory Auditor

Aug 11, 2026

Piccadily Agro Industries Limited’s board met on August 11, 2026 to review and approve its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, accompanied by a limited review report. The company also rec...

Piccadily Agro Board Clears Q1 FY27 Results and Recommends New Auditor

Aug 11, 2026

Piccadily Agro Industries Limited, an Indian agro-industrial company listed on both BSE and NSE, operates from multiple offices in Haryana and New Delhi to serve its stakeholder base across northern India. The company emphasizes regulatory compliance...

Piccadily Agro Files Q1 FY 2026-27 Earnings Presentation with Exchanges

Aug 11, 2026

Piccadily Agro Industries Limited has submitted an earnings presentation outlining its unaudited financial results for the quarter ended June 30, 2026 to both BSE and NSE, in line with SEBI’s disclosure regulations. The filing underscores 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