Financials Piccadily Agro Industries Limited

Equities

PICCADIL6

INE546C01010

Distillers & Wineries

Market Closed - Bombay S.E. 06:00:53 2024-05-03 am EDT 5-day change 1st Jan Change
735.6 INR +5.00% Intraday chart for Piccadily Agro Industries Limited +27.61% +167.01%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 1,058 943.4 531.1 1,034 2,934 4,278
Enterprise Value (EV) 1 2,455 2,031 1,712 2,079 4,203 5,759
P/E ratio 23.1 x 44.3 x 2.78 x 5.76 x 10 x 19.2 x
Yield - - 3.55% 4.56% 0.32% 0.44%
Capitalization / Revenue 0.32 x 0.25 x 0.13 x 0.21 x 0.51 x 0.7 x
EV / Revenue 0.73 x 0.55 x 0.43 x 0.42 x 0.73 x 0.95 x
EV / EBITDA 9.44 x 7.48 x 4.23 x 4.03 x 6.06 x 9.35 x
EV / FCF -12.8 x 6.68 x -15.9 x 51 x -10.3 x -33.6 x
FCF Yield -7.81% 15% -6.28% 1.96% -9.67% -2.97%
Price to Book 0.67 x 0.63 x 0.31 x 0.56 x 1.42 x 1.85 x
Nbr of stocks (in thousands) 94,339 94,339 94,339 94,339 94,339 94,339
Reference price 2 11.21 10.00 5.630 10.96 31.10 45.35
Announcement Date 9/5/18 9/4/19 8/29/20 9/3/21 9/4/22 9/1/23
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net sales 1 3,343 3,713 3,994 4,893 5,735 6,089
EBITDA 1 259.9 271.6 404.4 515.3 693.2 616.2
EBIT 1 132.7 146 272.9 380.4 548 460.4
Operating Margin 3.97% 3.93% 6.83% 7.77% 9.56% 7.56%
Earnings before Tax (EBT) 1 18.42 35.02 168 250.2 413.5 322.9
Net income 1 45.7 21.29 191.3 179.5 292.4 223.3
Net margin 1.37% 0.57% 4.79% 3.67% 5.1% 3.67%
EPS 2 0.4845 0.2257 2.027 1.903 3.100 2.359
Free Cash Flow 1 -191.7 304 -107.5 40.76 -406.6 -171.2
FCF margin -5.74% 8.19% -2.69% 0.83% -7.09% -2.81%
FCF Conversion (EBITDA) - 111.95% - 7.91% - -
FCF Conversion (Net income) - 1,428% - 22.71% - -
Dividend per Share - - 0.2000 0.5000 0.1000 0.2000
Announcement Date 9/5/18 9/4/19 8/29/20 9/3/21 9/4/22 9/1/23
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 1,397 1,088 1,181 1,045 1,269 1,481
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 5.375 x 4.005 x 2.92 x 2.028 x 1.831 x 2.403 x
Free Cash Flow 1 -192 304 -108 40.8 -407 -171
ROE (net income / shareholders' equity) 2.93% 1.38% 12% 10.1% 14.9% 10.2%
ROA (Net income/ Total Assets) 1.88% 1.97% 3.66% 4.95% 6.6% 5.13%
Assets 1 2,428 1,082 5,219 3,626 4,431 4,352
Book Value Per Share 2 16.80 15.90 17.90 19.60 21.90 24.50
Cash Flow per Share 2 0.2300 1.760 0.4700 0.8600 0.6700 0.3900
Capex 1 120 78.2 57.2 78.2 383 500
Capex / Sales 3.6% 2.11% 1.43% 1.6% 6.68% 8.21%
Announcement Date 9/5/18 9/4/19 8/29/20 9/3/21 9/4/22 9/1/23
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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