On Wednesday, the shares of India’s largest independent malt maker and seller of malt spirit soared 20 percent to an all-time high of Rs 165.45 per share after the company won the best whisky in the world at the 2023 Whiskies of the World Award.
At 11:25 a.m., Piccadily Agro Industries Ltd shares touched the upper circuit of Rs 165.45 on the National Stock Exchange, up Rs 27.55 from the previous close price. The company has a market capitalization of Rs 1,558 crore.
As per reports, Piccadilly Agro Industries Ltd has been awarded the best whisky in the world at the Whiskies of the World Awards for manufacturing of Indri Diwali Collector’s Edition 2023.
Indri Diwali Collector’s Edition 2023, an Indian Whiskey, won the ‘Best in Show, Double Gold’ title at the 2023 Whiskies of the World Awards. The company introduced the Indri Brand in Haryana in 2021.
The Whiskies of the World Award is one of the world’s largest whiskey-tasting competitions. Over 100 varieties of whiskey from all over the world are judged in the event, which is held annually.
The stock has risen 43 percent in the past two trading sessions and has reached a 20 percent upper circuit in yesterday’s trade.
The company has delivered multibagger returns of 243 percent in six months and 350 percent over a year. A shareholder’s investment of Rs. 1 lakh in the business would be worth Rs. 4.50 lakhs after a year and Rs. 3.53 lakhs after a six-month.
The company’s revenue has increased by 24 percent year on year, rising from Rs 184 crore in Q1FY23 to Rs 228 crore in Q1FY24. Further, Net profit climbed by 57 percent within the same time period, from Rs 7 crore to Rs 11 crore.
According to the recent shareholding pattern, the company promoters hold a 70.97 percent stake in the company, while retail investors hold a 29.02 percent stake.
Piccadily Agro Inds. Ltd. is engaged in the manufacturing of sugar and its by-products. The company’s product range includes white crystal sugar, molasses, and liquor.
Written by Omkar Chitnis
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