Exceptional Growth of Piccadily Agro Industries: A Multibagger Stock
Introduction: The stock market has witnessed a host of multibagger stocks that have significantly amplified investors’ wealth in a remarkably short time. Piccadily Agro Industries is one such remarkable example, showcasing not only a doubling of shareholders’ investments within just six months but also an astonishing return of 9500% over the past five years. Founded in 1953 and incorporated in 1994, Piccadily Agro Industries has evolved from a liquor distribution business to becoming the largest independent manufacturer and seller of malt spirits in India.
Company Overview
Initially established with a focus on liquor distribution, the Piccadily brand was launched in 1967. Today, the company has diversified its product offerings, producing malt spirits, ethanol, extra neutral alcohol (ENA), CO2, and white crystal sugar. Its premium beverages include single malt whisky under the Indri brand, cane juice rum under the Camicara label, and blended malt whisky under the Whistler and Royal Highland brands.
Investment Returns: A Profitable Journey
Turning ₹50,000 into ₹48 Lakhs
Data from the Bombay Stock Exchange reveals that on September 20, 2019, the stock price of Piccadily Agro Industries was a mere ₹8.05. Fast forward to September 20, 2024, and the stock closed at an impressive ₹772.85. This represents a staggering 9500% increase in just five years. Here’s a breakdown of the potential returns for investors:
| Investment Amount | Value After 5 Years |
|---|---|
| ₹10,000 | ₹9,60,000 |
| ₹50,000 | ₹48,00,000 |
| ₹1,00,000 | ₹96,00,000 |
Recent Performance and Market Position
Over the last two years, Piccadily Agro Industries has experienced a remarkable stock rise of 1918%. The company’s market capitalization has reached approximately ₹7300 crore, with a face value of ₹10 per share. As of June 2024, promoters held a robust 70.97% stake in the company, indicating strong confidence in its growth trajectory.
The stock has shown significant momentum, with a 156% increase in the past six months and a jaw-dropping 650% increase within the last year. For the fiscal year 2024, the company reported consolidated revenues of ₹828.12 crore and a net profit of ₹110.37 crore, further solidifying its position in the market.
Conclusion and Caution for Investors
Disclaimer: While the information provided highlights the stock’s remarkable performance, it is crucial for prospective investors to remember the inherent risks involved in stock market investments. Seeking professional advice and conducting thorough research before investing is always recommended. Moneycontrol does not endorse or provide investment advice.
