Piccadily Sugar & Allied Industries Limited (PICCASUG.BO) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-178.3%

-₹24.90

vs ₹31.80 price

Levered DCF

-₹11.56

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

-0.09

Distress zone

Rating

D+

Overall 1 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	222.29×	-134.21×	-60.39×	-41.19×	6,916.98×	94×	4,761.04×	261.86×
P/B	5.27×	10.79×	9.41×	6.05×	5.25×	5.25×	5.57×	5.57×
P/S	44.83×	28.52×	23.72×	4.89×	2.88×	3.58×	2.19×	2.58×
EV / EBITDA	37.91×	-40.41×	150.01×	273.2×	24.01×	19.88×	20.16×	20.42×
Gross margin	-124.8%	-88.4%	0.9%	9.6%	28.1%	22.8%	6.4%	8.9%
Operating margin	-278.4%	28.2%	-118.5%	-37.7%	-5.9%	-18.0%	-8.8%	-1.8%
Net margin	20.2%	-21.2%	-39.3%	-11.9%	0.0%	3.8%	0.0%	1.0%
Current ratio	0.35×	0.22×	0.33×	0.42×	0.42×	0.44×	0.33×	0.37×
Debt / equity	2×	2.05×	1.25×	0.19×	0.21×	0.28×	0.28×	0.35×
Interest coverage	-1,053.16×	316.26×	-218.69×	-22.45×	-4.53×	-8.64×	-5.7×	-1.02×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	2.4%	-8.0%	-15.6%	-14.7%	0.1%	5.6%	0.1%	2.2%
Return on invested capital	-7.1%	1.6%	-19.3%	-28.3%	-2.0%	-20.6%	-1.3%	-1.9%
Return on assets	0.3%	-1.0%	-2.8%	-3.9%	0.0%	1.8%	0.0%	0.6%
Free cash flow yield	-7.2%	-4.9%	-11.9%	1.4%	2.8%	-0.0%	-2.9%	-2.4%
Earnings yield	0.4%	-0.7%	-1.7%	-2.4%	0.0%	1.1%	0.0%	0.4%
Enterprise value	₹1B	₹1.4B	₹1.3B	₹869.3M	₹877.8M	₹887.2M	₹890.7M	₹892M
Net debt / EBITDA	10.27×	-6.32×	17.17×	5.28×	0.69×	0.8×	0.89×	0.93×
Cash conversion cycle (days)	-2,858	-1,582	-2,059	-370	-179	-195	-138	-185