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Piccadily Agro Industries Limited (PICCADIL) Fair Value & Analysis

Consumer Defensive · IN · Market cap ₹63.8B

PA Piccadily Agro Industries Limited PICCADIL · NSE
Price₹695.45
Fair Value₹255.54
Upside-63.3%
Quality45/100
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Expensive Growth
Solidly profitable · 13.3% net margin
Low debt · negative free cash flow
Trails peers (5/13)
Moderate moat 63/100
Evidence: High Range ₹178.57 – ₹332.50 Share as image

Fair value as of: Aug 13, 2026

From 16 valuation models · updated 4 days ago

Share price −4.7% over the past month.

Below-average quality, and screening another 63% overvalued on our models.

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What matters now

  • The price sits above even our optimistic bull case (₹332.50). The favourable scenario is already priced in.
  • Solid but not exceptional quality (45/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (₹178.57 to ₹332.50) leaves room in how you read the outcome.
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Price vs Fair Value (14 months)

₹784.50 ₹517.35 Fair Value ₹255.54 Jul 2025 Aug 2026

White line = price, green steps = our fair value per fiscal year. As of Aug 13, 2026.

How to read this chart

14‑month range ₹517.35 – ₹784.50 · fair‑value band ₹178.57 – ₹332.50 · the ₹695.45 price screens above the ₹255.54 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Aug 13, 2026.

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Analysis

Piccadily Agro Industries Limited (PICCADIL) currently trades at ₹695.45, while our model-based Fair Value estimate is ₹255.54, implying the stock looks roughly 63.3% overvalued today. The Quality Score stands at 45/100 (below-average quality), in the Consumer Defensive sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Piccadily Agro Industries Limited generated revenue of ₹10.4B at a net margin of 13.3%. Revenue grew 40.9% year over year. It earns a return on equity of 17.4%. Net debt stands at ₹5.2B. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹178.57 (bear case) to ₹332.50 (bull case); at ₹695.45, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 14% below its 52-week high and 35% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -3% fair-value upside, at -63%, PICCADIL screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income ₹92.97 ₹129.65 ₹481.11 76
ROIC Compounder ₹172.52 ₹269.14 ₹337.89 72
Gordon GGM ₹1.76 ₹3.65 ₹5.80 70
All 16 models by family
Earnings-Based
Graham-Dodd ₹94.79 ₹661.04 ₹927.67 54
Lynch FV ₹202.37 ₹289.11 ₹375.84 50
PEG = 1.0 ₹202.37 ₹289.11 ₹375.84 46
EPV ₹138.73 ₹164.05 ₹186.21 59
Dividend Discount
Gordon GGM ₹1.76 ₹3.65 ₹5.80 70
DDM Multi-Stage ₹1.76 ₹3.08 ₹3.84 61
Multiples
P/E Multiple ₹219.55 ₹292.73 ₹365.91 63
P/S Multiple ₹125.77 ₹167.69 ₹209.62 58
P/B Multiple ₹177.73 ₹236.97 ₹296.21 55
EV/EBIT ₹258.61 ₹349.22 ₹439.82 53
EV/EBITDA ₹217.68 ₹294.65 ₹371.61 54
EV/Revenue ₹96.84 ₹144.00 ₹191.17 43
Asset-Based
NCAV (Graham) ₹45.71 ₹61.25 ₹91.41 50
Economic Profit
Residual Income ₹92.97 ₹129.65 ₹481.11 76
ROIC Compounder ₹172.52 ₹269.14 ₹337.89 72
Growth Earnings
Growth-Adj P/E ₹273.81 ₹391.16 ₹508.51 68

Widest divergence: Growth Earnings (₹391.16) versus Dividend Discount (₹3.08). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) ₹10.4B
Revenue growth (YoY) +40.9%
Net margin 13.3%
Return on equity 17.4%
Free cash flow −₹751M FY2026
P/E ratio 48.9
More key figures
Operating margin 18.3%
EPS (TTM) ₹14.23
EPS growth (YoY) +2.3%
Net debt ₹5.2B FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 45/100

Of which business quality 45 · Market factors (momentum, volatility) 64

Profitability 54
Margins and returns on capital today
Quality Growth 61
Are margins and returns improving?
Cashflow 18
Earnings quality: real cash, not paper profit
Fin. Strength 62
Balance sheet, leverage, solvency risk
Investment 2
Disciplined investing over empire-building
Low Volatility 70
Calm price path (market factor)
Momentum 64
Price trend over the last 3–12 months (market factor)
52W Momentum 56
Distance to the 52-week high (market factor)
Net Issuance 66
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

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.

Full company description

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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Piccadily Agro Industries Limited reported revenue of ₹10.3B in FY2026 versus ₹5.7B in FY2022, a compound +15.9%/yr. Reported net income was ₹1.4B in FY2026, compounding +47.2%/yr from FY2022.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹10.3B
Latest YoY
+26.3%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+19.3%
Revenue +15.9%/yr
FY22 ₹5.7B
FY23 ₹6.1B
FY24 ₹7.8B
FY25 ₹8.2B
FY26 ₹10.3B
Net income +47.2%/yr
FY22 ₹292M
FY23 ₹223M
FY24 ₹1.1B
FY25 ₹1.0B
FY26 ₹1.4B

PICCADIL screens 63% overvalued. Compare with Kweichow Moutai Co →

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Cite: Fair Value Calculator (2026). "Piccadily Agro Industries Limited Fair Value". https://www.fairvalue-calculator.com/stock/PICCADIL

Peer Group

Beverages - Wineries & Distilleries · 97 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 45 · Below median
Fair Value upside −63% · Bottom 25%
Return on equity (TTM) 17% · Top 25%
Return on assets 9% · Top 25%
Net margin (TTM) 13% · Top 25%
Operating margin (TTM) 18% · Above median
Revenue growth 41% · Top 25%
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.16× · Higher than median

Valuation Multiples vs Beverages - Wineries & Distilleries median · lower = cheaper

P/E (TTM) 48.9× · Pricier than 75% of peers
P/B 7.08× · Pricier than 75% of peers
P/S (TTM) 6.15× · Pricier than 75% of peers
EV/EBITDA 27.9× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 22
FUTURE 100 · sector 0
PAST 69 · sector 17
HEALTH 92 · sector 95
DIVIDEND 1 · sector 61

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Alcohol

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Beverages - Wineries & Distilleries stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Kweichow Moutai Co 600519 ¥1,343 ¥1,238 -8%
Diageo plc DEO $93.96 $73.29 -22%
Wuliangye Yibin Co 000858 ¥75.28 ¥48.44 -36%
Shanxi Xinghuacun Fen Wine Factory Co 600809 ¥122.32 ¥185.80 +52%
Pernod Ricard SA RI €67.96 €76.13 +12%
Luzhou Laojiao Co 000568 ¥91.09 ¥149.17 +64%
Brown-Forman Corporation BFA $28.40 $27.69 -3%
United Spirits Limited UNITDSPR ₹1,515 ₹381.12 -75%
Thai Beverage Public Company Y92 0.4700 SGD 0.7000 SGD +49%
Jiangsu Yanghe Distillery Co 002304 ¥41.62 ¥27.82 -33%

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Frequently asked questions

Is Piccadily Agro Industries Limited (PICCADIL) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹255.54 versus a price of ₹695.45, about −63% (overvalued).
What is the fair value of PICCADIL?
Our model-based fair value for Piccadily Agro Industries Limited is ₹255.54 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹695.45.
What is the quality score of PICCADIL?
Piccadily Agro Industries Limited has a Quality Score of 45/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Piccadily Agro Industries Limited (PICCADIL)?
Piccadily Agro Industries Limited reported trailing-twelve-month revenue of about ₹10.4B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of PICCADIL?
The net profit margin of Piccadily Agro Industries Limited is about 13.3%, meaning it keeps roughly 13.3% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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