Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 12 December, 2024
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo
Stock Ticker - BSE: 530305 | NSE: PICCADIL

Piccadily Agro Industries Ltd: Share Price Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: December 11, 2024, 9:38 pm

Market Cap 7,717 Cr.
Current Price 818
High / Low911/213
Stock P/E75.5
Book Value 63.9
Dividend Yield0.00 %
ROCE29.6 %
ROE30.6 %
Face Value 10.0
PEG Ratio1.71

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Piccadily Agro Industries Ltd

Competitors of Piccadily Agro Industries Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Gayatri Sugars Ltd 102 Cr. 15.727.9/15.1 20.00.00 %93.2 %% 10.0
Dhampure Speciality Sugars Ltd 106 Cr. 134142/69.572.3 35.60.00 %3.15 %3.78 % 10.0
Dhampur Bio Organics Ltd 862 Cr. 130164/11281.9 1461.93 %5.02 %3.67 % 10.0
DCM Shriram Industries Ltd 1,801 Cr. 207242/15014.8 1000.96 %16.1 %14.9 % 2.00
Davangere Sugar Company Ltd 562 Cr. 5.9811.5/5.0145.3 3.640.00 %6.86 %3.75 % 1.00
Industry Average2,294.48 Cr325.0032.80224.520.61%13.00%13.21%6.37

All Competitor Stocks of Piccadily Agro Industries Ltd

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales20691110166184110115200219114178269196
Expenses18272102148167999718519490143202168
Operating Profit2419818181218152524346728
OPM %11%21%7%11%10%11%15%7%11%21%19%25%14%
Other Income00000000002911
Interest3433334345344
Depreciation3444444464445
Profit before tax17111121051091515575920
Tax %26%22%21%41%28%17%27%42%26%26%21%27%29%
Net Profit1292683751111444313
EPS in Rs1.320.930.170.680.800.360.700.501.161.184.704.591.39

Last Updated: October 7, 2024, 8:19 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: September 23, 2024, 2:43 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales327376344271329334371399488572598742756
Expenses283330316248282308344359437503537592603
Operating Profit4446282347262740526962150153
OPM %13%12%8%9%14%8%7%10%11%12%10%20%20%
Other Income5567159-13113031
Interest108915171617151614131616
Depreciation8101111131313131315161817
Profit before tax3033155182711254133146151
Tax %31%36%39%68%57%-148%21%-21%29%29%30%25%
Net Profit21219285219182922110112
EPS in Rs2.212.250.940.160.840.480.232.031.903.102.3711.6311.86
Dividend Payout %11%0%0%0%0%0%0%10%26%3%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)0.00%-57.14%-77.78%300.00%-37.50%-60.00%850.00%-5.26%61.11%-24.14%400.00%
Change in YoY Net Profit Growth (%)0.00%-57.14%-20.63%377.78%-337.50%-22.50%910.00%-855.26%66.37%-85.25%424.14%

Piccadily Agro Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:7%
5 Years:15%
3 Years:15%
TTM:28%
Compounded Profit Growth
10 Years:15%
5 Years:110%
3 Years:70%
TTM:206%
Stock Price CAGR
10 Years:57%
5 Years:163%
3 Years:213%
1 Year:283%
Return on Equity
10 Years:12%
5 Years:17%
3 Years:20%
Last Year:31%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 5:31 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital24242447959595959595959494
Reserves81102110865964557591112137245509
Borrowings1049085156128144131126125135154172209
Other Liabilities8599130102141156189166198187207228178
Total Liabilities293315349391423458470461509529593739990
Fixed Assets134136149162156152148141135144195218254
CWIP724304750464646523242100
Investments16585253646465696259616160
Other Assets136119145146155191211205265273305419576
Total Assets293315349391423458470461509529593739990

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +404742-6984158-022453751
Cash from Investing Activity +-30-33-22-50-46-101-80-35-52-30
Cash from Financing Activity +-8-14-2254-52-30-44-4-9-2212-10
Net Cash Flow21-2-20115-1214-12-311

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-60.00-44.00-57.00-133.00-81.00-118.00-104.00-86.00-73.00-66.00-92.00-22.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days003151524413038324267
Inventory Days210159189222233215182201215185201200
Days Payable9389160134152175214172174123140113
Cash Conversion Cycle118703310396639587994103154
Working Capital Days51262357822-62644656493
ROCE %20%20%11%8%13%6%8%10%13%17%13%30%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters70.90%70.90%70.96%70.97%70.97%70.97%70.97%70.97%70.97%70.97%70.97%70.97%
FIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.17%
DIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.04%0.10%0.10%
Public29.10%29.10%29.04%29.03%29.02%29.02%29.02%29.02%29.03%29.00%28.92%28.76%
No. of Shareholders15,04717,70821,71029,28530,57729,04327,83827,43530,84152,07051,17271,833

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)11.632.373.101.902.19
Diluted EPS (Rs.)11.632.373.101.902.03
Cash EPS (Rs.)13.634.114.623.292.82
Book Value[Excl.RevalReserv]/Share (Rs.)36.0124.4621.8319.5817.88
Book Value[Incl.RevalReserv]/Share (Rs.)36.0124.4621.8319.5817.88
Revenue From Operations / Share (Rs.)82.6264.3260.5951.6942.19
PBDIT / Share (Rs.)16.006.577.395.714.30
PBIT / Share (Rs.)14.074.925.864.282.91
PBT / Share (Rs.)15.523.514.372.611.19
Net Profit / Share (Rs.)11.702.463.091.861.43
NP After MI And SOA / Share (Rs.)11.632.363.091.902.02
PBDIT Margin (%)19.3610.2012.2011.0410.19
PBIT Margin (%)17.027.649.668.286.90
PBT Margin (%)18.775.467.205.042.81
Net Profit Margin (%)14.163.825.093.603.39
NP After MI And SOA Margin (%)14.083.665.093.664.78
Return on Networth / Equity (%)32.319.6414.159.6811.29
Return on Capital Employeed (%)30.6115.1821.5217.6313.44
Return On Assets (%)14.853.765.523.594.14
Long Term Debt / Equity (X)0.170.220.120.150.11
Total Debt / Equity (X)0.500.660.650.510.64
Asset Turnover Ratio (%)1.171.091.121.020.86
Current Ratio (X)1.311.031.000.930.77
Quick Ratio (X)0.660.360.360.270.20
Inventory Turnover Ratio (X)1.881.961.922.032.10
Dividend Payout Ratio (NP) (%)1.714.220.000.000.00
Dividend Payout Ratio (CP) (%)1.472.480.000.000.00
Earning Retention Ratio (%)98.2995.780.000.000.00
Cash Earning Retention Ratio (%)98.5397.520.000.000.00
Interest Coverage Ratio (X)9.604.674.963.412.74
Interest Coverage Ratio (Post Tax) (X)6.152.753.072.112.01
Enterprise Value (Cr.)3001.84577.10421.05190.24158.23
EV / Net Operating Revenue (X)3.850.940.730.380.39
EV / EBITDA (X)19.899.296.023.523.89
MarketCap / Net Operating Revenue (X)3.650.700.510.210.13
Retention Ratios (%)98.2895.770.000.000.00
Price / BV (X)8.391.851.420.550.31
Price / Net Operating Revenue (X)3.650.700.510.210.13
EarningsYield0.030.050.090.170.35

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Piccadily Agro Industries Ltd as of December 12, 2024 is: 1,505.81

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 12, 2024, Piccadily Agro Industries Ltd is Undervalued by 84.08% compared to the current share price 818.00

Intrinsic Value of Piccadily Agro Industries Ltd as of December 12, 2024 is: 2,171.88

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 12, 2024, Piccadily Agro Industries Ltd is Undervalued by 165.51% compared to the current share price 818.00

Last 5 Year EPS CAGR: 44.23%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has shown consistent growth in sales (454.38 cr) and profit (39.77 cr) over the years.
  1. The stock has a low average ROCE of 14.08%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 39.42, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 81.67, which may not be favorable.
  4. The company has higher borrowings (135.31) compared to reserves (132.77), which may suggest financial risk.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Piccadily Agro Industries Ltd:
    1. Net Profit Margin: 14.16%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 30.61% (Industry Average ROCE: 13%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 32.31% (Industry Average ROE: 11.89%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 6.15
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.66
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 75.5 (Industry average Stock P/E: 25.15)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.5
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Piccadily Agro Industries Ltd. is a Public Limited Listed company incorporated on 25/03/1994 and has its registered office in the State of Haryana, India. Company’s Corporate Identification Number(CIN) is L01115HR1994PLC032244 and registration number is 032244. Currently Company is involved in the business activities of Manufacture or refining of sugar (sucrose) from sugercane. Company’s Total Operating Revenue is Rs. 573.52 Cr. and Equity Capital is Rs. 94.66 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
SugarVillage Bhadson, Karnal Dist. Haryana 132109piccadilygroup34@rediffmail.com
http://www.picagro.com
Management
NamePosition Held
Mr. Akhil DadaChairman
Mr. Harvinder Singh ChopraManaging Director
Mr. Dharmendra Kumar BatraWhole Time Director
Mr. Rajeev Kumar SangerIndependent Director
Mr. Rajan TalwarIndependent Director
Mr. Jai Parkash KaushikDirector
Ms. Heena GeraWoman Director

FAQ

What is the latest intrinsic value of Piccadily Agro Industries Ltd?

The latest intrinsic value of Piccadily Agro Industries Ltd as on 12 December 2024 is ₹1505.81, which is 84.08% higher than the current market price of ₹818.00. The stock has a market capitalization of 7,717 Cr. and recorded a high/low of ₹911/213 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹509 Cr and total liabilities of ₹990 Cr.

What is the Market Cap of Piccadily Agro Industries Ltd?

The Market Cap of Piccadily Agro Industries Ltd is 7,717 Cr..

What is the current Stock Price of Piccadily Agro Industries Ltd as on 12 December 2024?

The current stock price of Piccadily Agro Industries Ltd as on 12 December 2024 is 818.

What is the High / Low of Piccadily Agro Industries Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Piccadily Agro Industries Ltd stocks is 911/213.

What is the Stock P/E of Piccadily Agro Industries Ltd?

The Stock P/E of Piccadily Agro Industries Ltd is 75.5.

What is the Book Value of Piccadily Agro Industries Ltd?

The Book Value of Piccadily Agro Industries Ltd is 63.9.

What is the Dividend Yield of Piccadily Agro Industries Ltd?

The Dividend Yield of Piccadily Agro Industries Ltd is 0.00 %.

What is the ROCE of Piccadily Agro Industries Ltd?

The ROCE of Piccadily Agro Industries Ltd is 29.6 %.

What is the ROE of Piccadily Agro Industries Ltd?

The ROE of Piccadily Agro Industries Ltd is 30.6 %.

What is the Face Value of Piccadily Agro Industries Ltd?

The Face Value of Piccadily Agro Industries Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Piccadily Agro Industries Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE