During Tuesday’s trading session, shares of a company engaged in the business of distillery and sugar moved up by nearly 11 percent on BSE, after the company announced that its equity shares will be listed on the National Stock Exchange of India (NSE) with effect from 2nd July 2025.
With a market cap of Rs. 5,795 crores, at 01:42 p.m., the shares of Piccadily Agro Industries Limited were trading in the green at Rs. 616.05 on BSE, up by nearly 8 percent, as against its previous closing price of Rs. 572.2. The stock has delivered negative returns of around 13 percent in one year, but has gained by over 7 percent in the last one month.
What’s the News
According to the latest regulatory filings with the BSE, Piccadily Agro Industries Limited has announced that its equity shares will be listed on the National Stock Exchange of India (NSE) effective from 2nd July 2025. The shares, fully paid-up with a face value of Rs. 10 each, will be traded under the symbol “PICCADIL”.
Currently, the company’s shares are actively traded on the BSE under the Scrip Code: 530305. This dual listing on both BSE and NSE is expected to benefit investors by enhancing liquidity, attracting a wider pool of institutional investors, including foreign institutional investors (FIIs) and mutual funds, and increasing the company’s visibility among analysts, media, and the broader investment community. The move underscores Piccadily Agro’s strategic intent to improve shareholder value and expand accessibility to a broader investor base.
Financials & more
Piccadily Agro reported a marginal decline in its revenue from operations, showing a year-on-year fall of around 5 percent from Rs. 269 crores in Q4 FY24 to Rs. 255 crores in Q4 FY25. In contrast, its net profit decreased during the same period from Rs. 43 crores to Rs. 40 crores, representing a slight decline of around 7 percent YoY.
Piccadily Agro Industries Limited operates primarily in two strategic business segments: Distillery and Sugar. Its manufacturing facility is located in Indri, Haryana, covers 168 acres and is equipped with advanced technology for producing a diverse range of products, including malt, Extra Neutral Alcohol (ENA), ethanol, and white crystal sugar.
The company is a key player in the alcoholic beverages industry, particularly renowned for its expertise in malt spirits. It boasts a robust portfolio that includes premium expressions of Indri single malt whisky, blended malt whisky brands, and Camikara, premium sugarcane juice aged rum.
Written by Shivani Singh
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