Share the post "Piccadily Agro Industries ltd.’s Quarterly Result and Earnings Report for Q4(Mar 2024) : Key Metrics and Growth Analysis"
Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 36.88% in the past year Substantial increase in net sales/revenue by 48.30%.
- Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 165.22%Marginal increase in other income during this quarter, up by 577.78%.
- Profit over the Year and quarter: Significant improvement in profitability for Piccadily Agro Industries ltd.. Notable increase of 584.67% in net profit Year to YearPiccadily Agro Industries ltd.’s profitability dropped by -3.98% Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 588.06% Year to Year.EPS decreased by -3.76%. Analysis needed for shareholder value.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 207.913 Cr | Rs. 191.905 Cr | Rs. 284.591 Cr | + 48.3% | + 36.88% |
| Expenses | Rs. 191.64 Cr | Rs. 157.17 Cr | Rs. 217.36 Cr | + 38.3% | + 13.42% |
| Operating Profit | Rs. 16.27 Cr | Rs. 34.74 Cr | Rs. 67.23 Cr | + 93.52% | + 313.21% |
| OPM % | 7.83 % | 18.1 % | 23.62 % | + 5.52% | + 15.79% |
| Other Income | Rs. 0.23 Cr | Rs. 0.09 Cr | Rs. 0.61 Cr | + 577.78% | + 165.22% |
| Interest | Rs. 2.61 Cr | Rs. 3.23 Cr | Rs. 4.22 Cr | + 30.65% | + 61.69% |
| Depreciation | Rs. 3.96 Cr | Rs. 3.7 Cr | Rs. 4.02 Cr | + 8.65% | + 1.52% |
| Profit before tax | Rs. 9.93 Cr | Rs. 27.9 Cr | Rs. 59.6 Cr | + 113.62% | + 500.2% |
| Tax % | 36 % | 20.85 % | 27 % | + 6.15% | -9% |
| Net Profit | Rs. 6.35 Cr | Rs. 45.31 Cr | Rs. 43.5 Cr | -3.99% | + 585.04% |
| EPS in Rs | Rs. 0.67 | Rs. 4.79 | Rs. 4.61 | -3.76% | + 588.06% |
Today, we’re looking at Piccadily Agro Industries ltd.’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 36.88%. However, it did see a marginal increase of 48.3% from the previous quarter.Expenses ticked up slightly by 38.3% quarter-on-quarter, aligning with the annual rise of 13.42%. Operating profit, while up 313.21% compared to last year, faced a quarter-on-quarter increase of 93.52%, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 15.79%, but an expansion of 5.52% sequentially. Other income rose by 577.78% compared to the last quarter,despite an annual growth of 165.22%. Interest expenses surged remarkably by 30.65% from the previous quarter, yet the year-over-year increase remains at a moderate 61.69%. Depreciation costs climbed by 8.65% quarter-on-quarter, whereas on an annual scale, they saw an increase of 1.52%. Profit before tax grew annually by 500.2% but saw an increase from the preceding quarter by 113.62%.
Tax expenses as a percentage of profits decreased slightly by -9% compared to last year, with a more notable quarter-on-quarter increase of 6.15%. Net profit rose by 585.04% year-on-year but witnessed a -3.99% contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 588.06% but a quarterly fall of -3.76%. In summary, Piccadily Agro Industries ltd.’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 207.913 Cr | Rs. 191.905 Cr | Rs. 284.591 Cr | + 48.3% | + 36.88% |
| Expenses | Rs. 191.64 Cr | Rs. 157.17 Cr | Rs. 217.36 Cr | + 38.3% | + 13.42% |
| Operating Profit | Rs. 16.27 Cr | Rs. 34.74 Cr | Rs. 67.23 Cr | + 93.52% | + 313.21% |
| Net Profit | Rs. 6.35 Cr | Rs. 45.31 Cr | Rs. 43.5 Cr | -3.99% | + 585.04% |
| EPS in Rs | Rs. 0.67 | Rs. 4.79 | Rs. 4.61 | -3.76% | + 588.06% |
In reviewing Piccadily Agro Industries ltd.’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 13.62% year-on-year growth, however, there was a minor increase of 48.3% from the previous quarter. Expenses rose by 13.42% compared to the previous year, with a 38.3% increase quarter-on-quarter. Operating Profit surged by 313.21% annually, and saw a 93.52% increase from the last quarter.
Net Profit showed yearly increase of 585.04%, and experienced a -3.99% decrease from the previous quarter.Earnings Per Share (EPS) rose by 588.06% annually, however dipped by -3.76% compared to the last quarter. In essence, while Piccadily Agro Industries ltd. exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.
72
3-Year Profit
75
5-Year Profit
15
10-Year Profit
727
Current Price
6,858
Market Cap
The company associated with BSE code 530305 presents a financial narrative of mixed fortunes. Over a five-year period, the company achieved a profit of 75 percents, which subsequently rose to 72 percents over the three years that followed. Yet, despite this initial growth, the company now faces a troubling trailing twelve-month (TTM) profit loss of 227 percents. What’s particularly striking is the company’s complete absence of reported sales across all analyzed periods, which brings into question the viability of its revenue generation strategies and long-term business sustainability. Moreover, stock prices have been highly volatile, reflecting the company’s uncertain future. While the stock was valued at 148 percents over the last five years, it has recently dropped to 277 percents, underscoring a rapid decline in market confidence. Over the longer ten-year period, the stock price was at 55 percents, illustrating a pattern of fluctuating performance that could pose risks for potential investors.
The company has a market capitalization of ₹6,858 crore and is currently trading at ₹727 per share. Historically, the stock has fluctuated within a range of ₹911 / 180, reflecting both the opportunities and risks that investors perceive in the company. The P/E ratio, at 77.3, is relatively high, suggesting that the market has priced in substantial future growth or is willing to pay a premium for the company’s current earnings. The book value per share stands at ₹36.0, which reflects the net asset value of the company divided by the number of outstanding shares. The dividend yield is 0.00%, providing shareholders with a consistent return on their investment. ROCE is 29.6%, indicating how well the company is using its capital to generate profits, while ROE at 30.6% highlights the returns generated from shareholders' equity. The debt-to-equity ratio is 0.51, signaling low financial leverage, which is typically seen as a positive indicator of financial health. However, the company’s negative net cash flow of ₹10.8 crore might raise concerns about its cash generation capabilities or capital expenditures. With a Piotroski score of 8.00, the company's financial stability is evaluated on several factors. Finally, the Graham Number, at ₹98.0, provides an estimate of the stock’s intrinsic value, while the Price-to-Book (P/B) ratio of 20.2 highlights that the stock is trading at a premium to its book value, potentially reflecting positive market sentiment or overvaluation risks.
