PI Industries

₹3549.9 31.6 | 0.9%

WEBSITE BSE:523642 NSE : PI INDUS.LTD 10 May, 16:01

Market Cap ₹53858 Cr.

Stock P/E 33.9

P/B 6.4

Current Price ₹3549.9

Book Value ₹ 555.6

Face Value 1

52W High ₹4032

Dividend Yield 0.28%

52W Low ₹ 3060

Edit Ratio

PI Industries Research see more...

Overview Inc. Year: 1946Industry: Pesticides & Agrochemicals

PI Industries Limited is a holding organization. The Company is engaged within the manufacturing and distribution of agro chemical substances. Its geographical segments comprises Sales within India and Sales outside India. The Company manufactures agrochemicals, plant nutrients and plant protection, speciality fertilizers and hybrid seeds. It offers insecticides under LEPIDO, DODGER, COLT, OSHEEN, COLFOS, FOSMITE, JUMBO, FORATOX, CARINA, MAXIMA and VIBRANT. The Company offers fungicides beneath brands, which consist of CUPRINA, LURIT, KITAZIN, SANIPEB, CLUTCH and LOGIK. It offers herbicides beneath the manufacturers, which include SOLARO, NOMINEE GOLD, INRO, BINGO, PIMIX, BUNKER and MELSA. Its distinctiveness merchandise consist of BIOVITA Granules and BIOVITA Liquid. The Company offers services in numerous areas, such as contract research, method development, analytical method development, technique safety information era and technique special engineering.

PI Industries Share Price

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Peer Comparison

PI Industries Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	1354	1356	1395	1543	1770	1613	1566	1910	2117	1898
Other Income	28	26	20	24	32	50	50	47	47	56
Total Income	1382	1382	1415	1567	1802	1663	1615	1957	2164	1954
Total Expenditure	1062	1060	1090	1198	1338	1198	1223	1443	1566	1344
Operating Profit	320	323	325	370	464	465	392	515	598	610
Interest	3	3	3	4	11	9	3	4	8	7
Depreciation	49	50	54	56	56	57	58	70	80	78
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	267	269	269	310	397	400	331	441	510	524
Provision for Tax	37	47	65	52	63	48	52	63	32	77
Profit After Tax	230	222	204	259	334	351	279	378	479	447
Adjustments	-1	0	1	4	1	1	1	5	2	1
Profit After Adjustments	230	223	204	262	335	352	281	383	481	449
Adjusted Earnings Per Share	15.1	14.6	13.4	17.3	22	23.1	18.5	25.2	31.6	29.5

PI Industries Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	1151	1596	1940	2096	2277	2277	2841	3367	4577	5300	6492	7491
Other Income	8	16	42	35	37	60	68	49	125	101	159	200
Total Income	1160	1611	1982	2132	2313	2337	2909	3415	4702	5401	6651	7690
Total Expenditure	969	1305	1565	1663	1722	1782	2271	2647	3559	4154	4948	5576
Operating Profit	191	307	417	469	591	556	638	769	1143	1247	1703	2115
Interest	24	14	12	12	9	7	7	19	34	16	39	22
Depreciation	22	32	50	54	73	83	93	137	175	202	227	286
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	145	261	355	403	510	466	538	614	939	1033	1444	1806
Provision for Tax	48	73	109	91	50	98	128	157	200	189	215	224
Profit After Tax	97	188	246	312	459	368	410	457	738	844	1230	1583
Adjustments	0	0	0	0	0	0	0	0	0	0	0	9
Profit After Adjustments	97	188	246	312	459	368	410	457	738	844	1230	1594
Adjusted Earnings Per Share	7.2	13.8	18	22.7	33.4	26.6	29.7	33.1	48.6	55.5	80.9	104.8

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	22%	24%	23%	19%
Operating Profit CAGR	37%	30%	25%	24%
PAT CAGR	46%	39%	27%	29%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	3%	10%	28%	30%
ROE Average	18%	17%	18%	24%
ROCE Average	22%	20%	22%	28%

PI Industries Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	532	695	896	1171	1627	1925	2285	2619	5342	6120	7199
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	85	50	17	122	83	46	10	399	257	170	0
Other Non-Current Liabilities	65	63	61	64	20	15	34	106	694	703	825
Total Current Liabilities	557	685	948	972	1048	1808	1534	1917	1738	2004	1908
Total Liabilities	1239	1493	1922	2329	2779	3794	3863	5042	8032	8997	9931
Fixed Assets	478	527	533	874	945	998	1186	1858	2138	2453	2606
Other Non-Current Assets	72	56	179	118	119	140	264	344	920	925	937
Total Current Assets	689	910	1210	1336	1715	2656	2414	2840	4974	5620	6388
Total Assets	1239	1493	1922	2329	2779	3794	3863	5042	8032	8997	9931

PI Industries Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	6	8	32	18	34	85	117	61	125	110	351
Cash Flow from Operating Activities	102	219	184	367	339	319	391	698	725	529	1501
Cash Flow from Investing Activities	-145	-50	-146	-303	-235	-181	-322	-985	-2430	-110	-496
Cash Flow from Financing Activities	45	-145	-53	-48	-53	-106	-125	350	1690	-177	-483
Net Cash Inflow / Outflow	3	24	-15	16	50	33	-56	63	-15	241	522
Closing Cash & Cash Equivalent	8	32	17	34	84	117	61	125	110	351	873

PI Industries Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	7.19	13.81	18	22.72	33.39	26.64	29.72	33.09	48.57	55.51	80.89
CEPS(Rs)	8.81	16.13	21.65	26.68	38.7	32.65	36.46	42.99	60.07	68.79	95.79
DPS(Rs)	1	2	2.5	3.1	4	4	4	4	5	6	10
Book NAV/Share(Rs)	39.05	50.82	65.55	84.59	117.24	138.74	165.08	190.12	351.81	402.88	473.76
Core EBITDA Margin(%)	13.9	15.75	17.13	19.72	23.28	21.46	18.88	20.35	21.21	20.77	22.89
EBIT Margin(%)	12.85	14.9	16.78	18.86	21.75	20.48	18.06	17.89	20.26	19.01	21.99
Pre Tax Margin(%)	11.04	14.15	16.23	18.33	21.38	20.16	17.83	17.36	19.55	18.72	21.41
PAT Margin (%)	7.41	10.18	11.23	14.18	19.28	15.92	13.6	12.91	15.38	15.29	18.22
Cash Profit Margin (%)	9.08	11.89	13.5	16.65	22.34	19.52	16.68	16.78	19.02	18.95	21.58
ROA(%)	9.21	13.76	14.4	14.66	17.99	11.19	10.71	10.26	11.29	9.91	12.99
ROE(%)	22.86	30.8	30.99	30.32	33.14	20.84	19.57	18.63	18.52	14.71	18.45
ROCE(%)	25.62	35.24	40.23	35.53	33.77	25.18	25.1	23.13	22.09	17.4	21.84
Receivable days	60.39	51.31	53.3	64.81	62.9	75.14	71.9	67.51	51.32	52	44.38
Inventory Days	58.41	55.38	58.1	64.2	63.31	69.87	59.75	68.87	70.4	81.91	76.31
Payable days	96.03	111.58	110.71	113.4	102.59	102.49	103.8	109.05	98.44	107.41	90.52
PER(x)	17.98	20.14	33.81	24.97	25.07	33.33	34.7	35.35	46.42	50.82	37.42
Price/Book(x)	3.31	5.47	9.29	6.71	7.14	6.4	6.25	6.15	6.41	7	6.39
Dividend Yield(%)	0.77	0.72	0.41	0.55	0.48	0.45	0.39	0.34	0.22	0.21	0.33
EV/Net Sales(x)	1.69	2.42	4.33	3.76	5.05	5.36	5	4.91	7.24	7.88	6.74
EV/Core EBITDA(x)	10.23	12.6	20.12	16.8	19.46	21.96	22.24	21.49	28.98	33.47	25.7
Net Sales Growth(%)	30.97	38.57	21.61	8.04	8.61	0.01	24.76	18.5	35.96	15.79	22.5
EBIT Growth(%)	2.4	63.05	33.46	12.83	25.04	-8.78	15.27	16.11	53.68	7.86	41.44
PAT Growth(%)	-6.03	93.14	30.79	26.7	47.47	-19.99	11.59	11.31	61.7	14.29	45.71
EPS Growth(%)	-13.12	92.22	30.35	26.19	46.98	-20.23	11.59	11.31	46.8	14.29	45.71
Debt/Equity(x)	0.41	0.18	0.13	0.13	0.07	0.04	0.02	0.2	0.06	0.04	0
Current Ratio(x)	1.24	1.33	1.28	1.38	1.64	1.47	1.57	1.48	2.86	2.8	3.35
Quick Ratio(x)	0.8	0.86	0.88	0.97	1.22	1.22	1.22	1.06	2.26	2.09	2.62
Interest Cover(x)	7.09	19.74	30.3	35.46	59.13	64.77	76.76	33.31	28.6	65.15	37.75
Total Debt/Mcap(x)	0.12	0.03	0.01	0.02	0.01	0.01	0	0.03	0.01	0.01	0

PI Industries Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	46.74	46.74	46.74	46.09	46.09	46.09	46.09	46.09	46.09	46.09
FII	18.88	16.44	15.97	16.72	18.6	18.59	19.17	20.01	20.41	20.26
DII	22.98	25.32	25.86	26.16	24.39	24.2	23.94	23.27	23.14	24.34
Public	11.4	11.49	11.43	11.04	10.92	11.12	10.81	10.63	10.37	9.32
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	7.09	7.09	7.09	6.99	6.99	6.99	6.99	6.99	6.99	6.99
FII	2.86	2.49	2.42	2.54	2.82	2.82	2.91	3.04	3.1	3.07
DII	3.49	3.84	3.92	3.97	3.7	3.67	3.63	3.53	3.51	3.69
Public	1.73	1.74	1.73	1.67	1.66	1.69	1.64	1.61	1.57	1.41
Others	0	0	0	0	0	0	0	0	0	0
Total	15.17	15.17	15.17	15.17	15.17	15.17	15.17	15.17	15.17	15.17

Pros

Company has delivered good profit growth of 27% CAGR over last 5 years
Debtor days have improved from 107.41 to 90.52days.
Company has reduced debt.
Company is almost debt free.

Cons

Promoter holding is low: 46.09%.
Stock is trading at 6.4 times its book value.

* 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.

PI Industries News

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PI Industries

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PI Industries Research see more...

Overview Inc. Year: 1946Industry: Pesticides & Agrochemicals

PI Industries Share Price

Alert Data

Quarterly Price

Peer Comparison

PI Industries Quarterly Results

PI Industries Profit & Loss

Growth Rates

PI Industries Balance Sheet

PI Industries Cash Flow

PI Industries Ratios

PI Industries Shareholding Pattern

PI Industries News

IPO

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