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Piccadily Agro IndustriesNSE:PICCADIL -1.49%64 Altman Z-Score is 7.17 as of Jul. 19, 2026, which is 222% above its 10-year median of 2.23. GuruFocus rates NSE:PICCADIL with a GF Score™ of 64/100 and a GF Value™ of ₹743.79 (Fairly Valued). The stock has 4 warning signs investors should review. Among 206 Beverages - Alcoholic companies, Piccadily Agro Industries ranks better than 84.47% on this metric.
The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.
Good Sign:
Altman Z-score of 7.17 is strong.
Piccadily Agro Industries has a Altman Z-Score of 7.17, indicating it is in Safe Zones. This implies the Altman Z-Score is strong.
The zones of discrimination were as such:
When Altman Z-Score <= 1.8, it is in Distress Zones.
When Altman Z-Score >= 3, it is in Safe Zones.
When Altman Z-Score is between 1.8 and 3, it is in Grey Zones.
The historical rank and industry rank for Piccadily Agro Industries's Altman Z-Score or its related term are showing as below:
NSE:PICCADIL'
s Altman Z-Score Range Over the Past 10 Years
Min: 1.01 Med: 2.23 Max: 8.75
Current: 7.17
During the past 13 years, Piccadily Agro Industries's highest Altman Z-Score was 8.75. The lowest was 1.01. And the median was 2.23.
X1: The Working Capital/Total Assets (WC/TA) ratio is a measure of the net liquid assets of the firm relative to the total capitalization. Working capital is defined as the difference between current assets and current liabilities. Ordinarily, a firm experiencing consistent operating losses will have shrinking current assets in relation to total assets. Altman found this one proved to be the most valuable liquidity ratio comparing with the current ratio and the quick ratio. This is however the least significant of the five factors.
X2: Retained Earnings/Total Assets: the RE/TA ratio measures the leverage of a firm. Retained earnings is the account which reports the total amount of reinvested earnings and/or losses of a firm over its entire life. Those firms with high RE, relative to TA, have financed their assets through retention of profits and have not utilized as much debt.
X3, Earnings Before Interest and Taxes/Total Assets (EBIT/TA): This ratio is a measure of the true productivity of the firm's assets, independent of any tax or leverage factors. Since a firm's ultimate existence is based on the earning power of its assets, this ratio appears to be particularly appropriate for studies dealing with corporate failure. This ratio continually outperforms other profitability measures, including cash flow.
X4, Market Value of Equity/Book Value of Total Liabilities (MVE/TL): The measure shows how much the firm's assets can decline in value (measured by market value of equity plus debt) before the liabilities exceed the assets and the firm becomes insolvent.
X5, Revenue/Total Assets (S/TA): The capital-turnover ratio is a standard financial ratio illustrating the sales generating ability of the firm's assets.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Beverages - Wineries & Distilleries subindustry, Piccadily Agro Industries's Altman Z-Score, along with its competitors' market caps and Altman Z-Score data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Piccadily Agro Industries Altman Z-Score vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Piccadily Agro Industries's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Piccadily Agro Industries's Altman Z-Score falls into.
Altman Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency. GuruFocus does not calculate Altman Z-Score when X4 or X5 value is 0.
Piccadily Agro Industries (NSE:PICCADIL) has a Altman Z-Score of 7.17 as of Jul. 19, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Piccadily Agro Industries and its competitors. This is 222% above median its historical median of 2.23. Over the past decade, Piccadily Agro Industries' Altman Z-Score has ranged from 1.01 to 8.75. According to the industry distribution chart, Piccadily Agro Industries ranks #32 out of 206 companies in the Beverages - Alcoholic industry, placing it in the top 15.5%.
Is Piccadily Agro Industries' Altman Z-Score too high?
Piccadily Agro Industries' current Altman Z-Score of 7.17 is 222% above median its 10-year median of 2.23. Over the past 10 years, this metric has ranged from a low of 1.01 to a high of 8.75. The Beverages - Alcoholic industry median Altman Z-Score is 2.79. Piccadily Agro Industries' value of 7.17 is 157.5% above this industry median. Based on the distribution chart, Piccadily Agro Industries ranks #32 out of 206 companies in the Beverages - Alcoholic industry, which is in the top quartile — a strong position relative to peers. Overall, Piccadily Agro Industries has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Piccadily Agro Industries' Altman Z-Score compare to BF.B?
According to the Beverages - Alcoholic industry distribution chart, Piccadily Agro Industries ranks #32 out of 206 companies for Altman Z-Score. This places Piccadily Agro Industries in the top 16% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.79. Piccadily Agro Industries' value of 7.17 is 157.5% above this benchmark. Historically, Piccadily Agro Industries' own Altman Z-Score has ranged from 1.01 to 8.75 over the past decade. While the company's 10-year median is 2.23 vs. the industry median of 2.79, Piccadily Agro Industries has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Altman Z-Score for a Beverages - Alcoholic company?
The median Altman Z-Score among Beverages - Alcoholic companies is 2.79, based on 206 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Piccadily Agro Industries's current Altman Z-Score of 7.17 is 157.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Altman Z-Score mean?
A high Altman Z-Score can signal that a stock is expensive relative to its fundamentals. The Altman Z-score measures a company's bankruptcy risk. View historical data on Piccadily Agro Industries and its competitors. For the Beverages - Alcoholic industry, the median Altman Z-Score is 2.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Piccadily Agro Industries's current Altman Z-Score is 7.17, which is 222% above median its own 10-year median of 2.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Piccadily Agro Industries stock overvalued right now?
Based on GuruFocus' analysis, Piccadily Agro Industries (NSE:PICCADIL) is currently considered Fairly Valued. The stock's GF Value™ is ₹743.79, compared to a current price of ₹729.55 — trading 1.9% below its estimated fair value. The current Altman Z-Score is 7.17, which is 222% above median its 10-year median of 2.23 and 157.5% above the Beverages - Alcoholic industry median of 2.79. Piccadily Agro Industries' overall GF Score™ is 64/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z-Score calculated?
Altman Z-Score is calculated from a company's financial statements. For Piccadily Agro Industries (NSE:PICCADIL), the current Altman Z-Score is 7.17 as of Jul. 19, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Piccadily Agro Industries (NSE:PICCADIL) Overvalued in 2026?
Based on GuruFocus' analysis, Piccadily Agro Industries stock appears to be undervalued.
The current stock price of ₹729.55 is trading 1.9% below its estimated GF Value™ of ₹743.79.
GuruFocus considers Piccadily Agro Industries to be Fairly Valued.
Key valuation signals for NSE:PICCADIL:
Altman Z-Score: 7.17 (222% above median its 10-year median of 2.23)
GF Value™: ₹743.79 vs. price of ₹729.55 (1.9% below fair value)
Industry Position: 157.5% above the Beverages - Alcoholic median (#32 of 206)
No single metric tells the full story. See the NSE:PICCADIL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Piccadily Agro Industries Ltd is an Indian company engaged in the manufacturing of white crystal sugar from sugarcane grown in nearby rural areas, along with related products such as molasses, power, and bagasse. The company is also involved in the production of rectified spirits, extra neutral alcohol (ENA), and malt, as well as the conversion of resin into PET bottles used for liquor in the distillery segment. It operates through two reportable segments: Sugar and Distillery. The Sugar segment includes refined sugar, molasses, bagasse, and power cogeneration, while the Distillery segment produces liquor, malt, carbon dioxide gas, ethanol, and PET bottles. The majority of the company's revenue is generated from the Distillery segment.
64GF Score
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