Pioneer Distilleries

₹180.9 0 | 0%

WEBSITE BSE:531879 NSE : PIONEER DIS. 05 Jan, 00:00

Market Cap ₹242 Cr.

Stock P/E -3.4

P/B -0.6

Current Price ₹180.9

Book Value ₹ -292.5

Face Value 10

52W High ₹0

Dividend Yield 0%

52W Low ₹ 0

Edit Ratio

Pioneer Distilleries Research see more...

Overview Inc. Year: 1992Industry: Breweries & Distilleries

Pioneer Distilleries Ltd is a renowned company in the beverage industry that specializes in the production and distribution of alcoholic beverages. With a rich history spanning several decades, Pioneer Distilleries has established itself as a trusted name in the market. The company operates state-of-the-art distilleries and employs advanced production techniques to ensure the highest quality of its products. Pioneer Distilleries offers a diverse range of alcoholic beverages, including whiskey, vodka, rum, gin, and brandy, catering to the preferences of a wide consumer base. The company's commitment to excellence is reflected in its rigorous quality control measures and adherence to industry standards. With a focus on innovation and customer satisfaction, Pioneer Distilleries continuously strives to introduce new and exciting flavors, keeping pace with evolving consumer tastes. Through its robust distribution network, Pioneer Distilleries reaches customers across various markets, both domestically and internationally. The company's products are widely available in retail outlets, bars, restaurants, and duty-free shops. With its exceptional products and unwavering dedication to craftsmanship, Pioneer Distilleries has earned a strong reputation as a leader in the alcoholic beverage industry.

Pioneer Distilleries Share Price

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Peer Comparison

Pioneer Distilleries Quarterly Results

#(Fig in Cr.)	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022
Net Sales	39	33	51	32	51	37	64	55	56	59
Other Income	1	1	1	1	1	1	1	1	1	1
Total Income	39	34	52	33	52	38	65	55	57	60
Total Expenditure	54	37	53	45	57	42	68	55	53	63
Operating Profit	-15	-4	-1	-12	-4	-4	-4	-0	4	-3
Interest	8	8	8	8	8	8	8	9	9	9
Depreciation	12	8	8	8	9	8	10	8	8	9
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	-35	-20	-17	-28	-21	-21	-22	-17	-13	-21
Provision for Tax	-0	0	0	0	0	0	0	0	0	0
Profit After Tax	-35	-20	-17	-28	-21	-21	-22	-17	-13	-21
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	-35	-20	-17	-28	-21	-21	-22	-17	-13	-21
Adjusted Earnings Per Share	-26	-15	-12.8	-20.9	-16	-15.4	-16.3	-12.7	-9.4	-15.3

Pioneer Distilleries Profit & Loss

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	TTM
Net Sales	104	104	146	182	190	113	302	138	172	167	212	234
Other Income	0	0	0	1	0	0	3	4	8	3	3	4
Total Income	104	104	146	182	190	113	305	143	180	171	215	237
Total Expenditure	108	111	137	153	109	110	144	162	189	192	219	239
Operating Profit	-3	-8	8	29	81	3	161	-19	-9	-21	-4	-3
Interest	13	10	19	39	24	19	23	29	34	32	34	35
Depreciation	9	9	11	24	26	27	37	49	47	33	34	35
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	-25	-27	-21	-34	32	-43	102	-97	-89	-87	-72	-73
Provision for Tax	0	1	0	-12	10	-13	32	-30	60	0	0	0
Profit After Tax	-25	-28	-21	-22	22	-30	70	-67	-149	-87	-72	-73
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	-25	-28	-21	-22	22	-30	70	-67	-149	-87	-72	-73
Adjusted Earnings Per Share	-18.9	-20.8	-15.9	-16.2	16.4	-22.5	52.3	-50.1	-111.4	-64.7	-53.7	-53.7

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	27%	15%	13%	7%
Operating Profit CAGR	0%	0%	NAN%	0%
PAT CAGR	0%	0%	0%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	0%	17%	8%	13%
ROE Average	0%	0%	0%	-108%
ROCE Average	-25%	-23%	-8%	6%

Pioneer Distilleries Balance Sheet

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Shareholder's Funds	-7	-31	-58	-92	-15	-45	26	-42	-190	-278	-350
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	82	72	52	32	16	148	146	142	139	138	136
Other Non-Current Liabilities	77	123	148	173	153	15	58	29	99	109	119
Total Current Liabilities	100	129	187	235	180	295	345	389	395	432	469
Total Liabilities	252	293	329	349	333	413	573	518	443	401	375
Fixed Assets	144	136	190	175	164	167	278	240	194	191	175
Other Non-Current Assets	61	95	72	75	71	154	80	125	134	114	86
Total Current Assets	47	61	66	98	98	92	215	153	114	96	113
Total Assets	252	293	329	349	333	413	573	518	443	401	375

Pioneer Distilleries Cash Flow

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Opening Cash & Cash Equivalents	1	2	1	1	2	1	0	0	0	1	0
Cash Flow from Operating Activities	-18	10	58	78	51	35	-14	-91	29	5	24
Cash Flow from Investing Activities	-31	-36	-39	-19	-6	-93	-51	-11	-5	-17	-18
Cash Flow from Financing Activities	50	25	-19	-59	-46	58	65	102	-24	11	-6
Net Cash Inflow / Outflow	1	-1	1	1	-1	-0	-0	0	0	-1	0
Closing Cash & Cash Equivalent	2	1	1	2	1	0	0	0	1	0	0

Pioneer Distilleries Ratios

#	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Earnings Per Share (Rs)	-18.9	-20.81	-15.91	-16.17	16.37	-22.47	52.29	-50.1	-111.42	-64.65	-53.74
CEPS(Rs)	-11.95	-13.88	-7.93	1.66	35.44	-2.06	79.63	-13.79	-76.39	-39.9	-28.07
DPS(Rs)	0	0	0	0	0	0	0	0	0	0	0
Book NAV/Share(Rs)	-5.48	-22.89	-43.42	-68.43	-10.97	-33.53	19.08	-31.11	-142.28	-207.53	-261.22
Core EBITDA Margin(%)	-2.94	-7.44	5.78	11.82	42.73	2.77	52.39	-16.96	-9.89	-14.74	-3.25
EBIT Margin(%)	-11.81	-16.3	-1.49	2.28	29.31	-21.35	41.2	-48.93	-32.37	-32.52	-18
Pre Tax Margin(%)	-24.15	-26.18	-14.52	-13.84	16.69	-38.42	33.73	-70.15	-51.95	-51.71	-33.99
PAT Margin (%)	-24.15	-26.7	-14.52	-8.89	11.52	-26.59	23.19	-48.48	-86.97	-51.71	-33.99
Cash Profit Margin (%)	-15.26	-17.81	-7.24	0.91	24.94	-2.44	35.32	-13.35	-59.63	-31.92	-17.76
ROA(%)	-11.18	-10.24	-6.85	-6.39	6.43	-8.06	14.2	-12.29	-31.05	-20.53	-18.56
ROE(%)	-1188.15	0	0	0	0	0	0	0	0	0	0
ROCE(%)	-10.68	-19.66	-3.98	164.49	0	-24.2	48.15	-18.9	-17.92	-26.17	-24.72
Receivable days	17.61	8.22	2.45	0.91	1.02	3.49	0.97	0.4	0.13	0	0
Inventory Days	72.91	110.61	96.02	64.24	58.12	108.26	57.7	129.96	158.48	176.9	129.63
Payable days	32.57	71.27	80.58	76.54	96.14	87.81	79.91	86.28	55.85	49.57	49.72
PER(x)	0	0	0	0	7.91	0	3.22	0	0	0	0
Price/Book(x)	-6	-2.53	-1.43	-1.04	-11.81	-4.89	8.83	-4.69	-0.65	-0.52	-0.67
Dividend Yield(%)	0	0	0	0	0	0	0	0	0	0	0
EV/Net Sales(x)	1.39	1.78	1.18	0.87	1.06	3.97	1.76	4.49	3.19	3.61	3.35
EV/Core EBITDA(x)	-47.4	-23.83	20.35	5.38	2.49	141.58	3.3	-32.54	-63.5	-28.34	-190.33
Net Sales Growth(%)	95.05	-0.79	40.67	24.7	4.43	-40.47	167.01	-54.14	23.96	-2.41	26.46
EBIT Growth(%)	43.91	-37.39	87.11	353.62	902.79	-143.33	614.77	-154.45	17.99	1.96	30.01
PAT Growth(%)	13.35	-10.09	23.56	-1.64	201.26	-237.26	332.72	-195.81	-122.41	41.97	16.88
EPS Growth(%)	13.35	-10.09	23.56	-1.64	201.26	-237.26	332.69	-195.81	-122.41	41.97	16.88
Debt/Equity(x)	-14.14	-3.51	-1.57	-0.71	-2.01	-5.12	11.97	-10.24	-2.23	-1.65	-1.36
Current Ratio(x)	0.47	0.47	0.35	0.42	0.55	0.31	0.62	0.39	0.29	0.22	0.24
Quick Ratio(x)	0.23	0.17	0.15	0.21	0.48	0.13	0.51	0.25	0.06	0.06	0.07
Interest Cover(x)	-0.96	-1.65	-0.11	0.14	2.32	-1.25	5.52	-2.31	-1.65	-1.69	-1.13
Total Debt/Mcap(x)	2.35	1.39	1.1	0.69	0.17	1.05	1.36	2.18	3.45	3.17	2.05

Pioneer Distilleries Shareholding Pattern

#	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022
Promoter	75	75	75	75	75	75	75	75	75	75
FII	0	0	0	0	0.63	0.43	0.42	0	0	0
DII	0	0	0.75	0.75	0.75	0.75	0.75	0.75	0.75	0
Public	25	25	24.25	24.25	23.62	23.83	23.84	24.25	24.25	25
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022
Promoter	1	1	1	1	1	1	1	1	1	1
FII	0	0	0	0	0.01	0.01	0.01	0	0	0
DII	0	0	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0
Public	0.33	0.33	0.32	0.32	0.32	0.32	0.32	0.32	0.32	0.33
Others	0	0	0	0	0	0	0	0	0	0
Total	1.34	1.34	1.34	1.34	1.34	1.34	1.34	1.34	1.34	1.34

Pros

Stock is trading at -0.6 times its book value
Company has reduced debt.
Company is almost debt free.

Cons

Company has a low return on equity of 0% over the last 3 years.
Debtor days have increased from 49.57 to 49.72days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.