Pioneer Distilleries
Pioneer Distilleries
Fast Moving Consumer GoodsTapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Weaknesses
1- Company has low interest coverage ratio.
Growth Rate
Quarterly Results
| Particulars | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 40 | 50 | 39 | 33 | 51 | 32 | 51 | 37 | 64 | 55 | 56 | 59 | 56 |
| Expenses | 41 | 44 | 54 | 37 | 53 | 45 | 57 | 42 | 68 | 55 | 53 | 63 | 60 |
| Operating Profit | -1 | 6 | -16 | -4 | -2 | -13 | -5 | -5 | -4 | -1 | 3 | -4 | -3 |
| OPM % | -2% | 13% | -40% | -14% | -3.8% | -40% | -10% | -12% | -7% | -1.6% | 6% | -6% | -6% |
| Other Income | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Interest | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 10 |
| Depreciation | 12 | 12 | 12 | 8 | 8 | 8 | 9 | 8 | 10 | 8 | 8 | 9 | 9 |
| PBT | -20 | -13 | -35 | -20 | -17 | -28 | -21 | -21 | -22 | -17 | -13 | -21 | -21 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Profit | -20 | -13 | -35 | -20 | -17 | -28 | -21 | -21 | -22 | -17 | -13 | -21 | -21 |
| EPS in Rs | -14.86 | -9.54 | -26 | -15.02 | -12.78 | -20.86 | -15.95 | -15.4 | -16.26 | -12.69 | -9.35 | -15.31 | -15.93 |
Profit & Loss
| Particulars | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 54 | 104 | 103 | 146 | 182 | 190 | 96 | 135 | 138 | 172 | 167 | 212 | 226 |
| Expenses | 75 | 108 | 111 | 137 | 153 | 109 | 110 | 144 | 162 | 182 | 192 | 219 | 231 |
| Operating Profit | -21 | -3 | -8 | 8 | 29 | 81 | -13 | -9 | -23 | -11 | -25 | -7 | -5 |
| OPM % | -40% | -3% | -8% | 6% | 16% | 43% | -14% | -6% | -17% | -6% | -15% | -3.2% | -2.1% |
| Other Income | 4 | 0 | 1 | 0 | 1 | 0 | 17 | 170 | 4 | 2 | 3 | 3 | 3 |
| Interest | 5 | 13 | 10 | 19 | 39 | 24 | 19 | 23 | 29 | 34 | 32 | 34 | 36 |
| Depreciation | 5 | 9 | 9 | 11 | 24 | 26 | 27 | 37 | 49 | 47 | 33 | 34 | 34 |
| PBT | -27 | -25 | -27 | -21 | -34 | 32 | -43 | 102 | -97 | -89 | -87 | -72 | -71 |
| Tax % | 9% | 0% | 2% | 0% | -36% | 31% | -31% | 31% | -31% | 67% | 0% | 0% | — |
| Net Profit | -29 | -25 | -28 | -21 | -22 | 22 | -30 | 70 | -67 | -149 | -87 | -72 | -71 |
| EPS in Rs | -21.79 | -18.88 | -20.79 | -15.9 | -16.16 | 16.36 | -22.45 | 52.25 | -50.06 | -111 | -64.6 | -53.7 | -53.28 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Sep 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 |
| Reserves | -2 | -21 | -44 | -72 | -105 | -28 | -58 | 12 | -55 | -204 | -291 | -363 | -405 |
| Borrowings | 70 | 103 | 108 | 91 | 65 | 29 | 230 | 306 | 426 | 425 | 459 | 477 | 468 |
| Other Liabilities | 119 | 155 | 216 | 295 | 375 | 356 | 279 | 260 | 192 | 208 | 220 | 247 | 266 |
| Total Liabilities | 201 | 252 | 293 | 329 | 349 | 371 | 463 | 592 | 576 | 443 | 401 | 375 | 343 |
| Fixed Assets | 149 | 144 | 136 | 190 | 175 | 164 | 167 | 278 | 240 | 194 | 191 | 175 | 159 |
| CWIP | 4 | 31 | 65 | 42 | 40 | 32 | 108 | 4 | 1 | 2 | 10 | 6 | 16 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 48 | 77 | 92 | 96 | 134 | 175 | 189 | 310 | 335 | 246 | 199 | 193 | 167 |
| Total Assets | 201 | 252 | 293 | 329 | 349 | 371 | 463 | 592 | 576 | 443 | 401 | 375 | 343 |
Cash Flow
| Particulars | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | -59 | -18 | 10 | 58 | 78 | 51 | 35 | -14 | -91 | 29 | 5 | 24 |
| Investing | -18 | -31 | -36 | -39 | -19 | -6 | -93 | -51 | -11 | -5 | -17 | -18 |
| Financing | 77 | 50 | 25 | -19 | -59 | -46 | 58 | 65 | 102 | -24 | 11 | -6 |
| Net Cash Flow | 0 | 1 | -1 | 1 | 1 | -1 | 0 | 0 | 0 | 0 | -1 | 0 |
| Free Cash Flow | -77 | -49 | -26 | 20 | 59 | 45 | -58 | -65 | -102 | 24 | -12 | 6 |
| CFO/OP | 277 | 569 | -124 | 687 | 271 | 63 | -261 | 15 | 387 | -277 | -21 | -358 |
Ratios
| Particulars | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 44 | 13 | 4 | 2 | 1 | 1 | 5 | 1 | 0 | 0 | 0 | 0 |
| Inventory Days | 106 | 93 | 153 | 117 | 138 | 59 | 269 | 146 | 224 | 244 | 194 | 181 |
| Days Payable | 41 | 38 | 105 | 77 | 81 | 59 | 113 | 78 | 86 | 53 | 45 | 62 |
| Cash Conversion Cycle | 109 | 68 | 52 | 42 | 57 | 2 | 161 | 68 | 138 | 191 | 149 | 119 |
| Working Capital Days | -380 | -192 | -242 | -305 | -280 | -157 | -769 | -351 | -622 | -600 | -733 | -614 |
| ROCE % | -19% | -14% | -20% | -4% | 164% | — | -24% | 47% | -19% | -18% | -26% | -25% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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59 extracted metrics + investor summaries across FY10–FY22.
Documents
Frequently Asked Questions about Pioneer Distilleries
What does Pioneer Distilleries Ltd do?
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Company Information
Pioneer Distilleries Ltd is engaged in the business of processing and selling extra neutral alcohol (ENA), malt spirits and allied products along with bottling operations of Indian Made Foreign Liquor (IMFL). [1]
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