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PI Industries Overview

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, ...Read More

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PI Industries Key Financials

Market Cap ₹47635 Cr.

Stock P/E 28.7

P/B 4.3

Current Price ₹3139.7

Book Value ₹ 734.1

Face Value 1

52W High ₹4329

Dividend Yield 0.51%

52W Low ₹ 2700

PI Industries Share Price

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Volume
Price

PI Industries Quarterly Price

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PI Industries Peer Comparison

PI Industries Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 2117 1898 1741 2069 2221 1901 1787 1901 1872 1376
Other Income 47 56 58 73 122 76 73 86 83 67
Total Income 2164 1954 1799 2142 2343 1977 1861 1986 1955 1442
Total Expenditure 1566 1344 1299 1486 1593 1389 1332 1381 1331 1073
Operating Profit 598 610 500 656 750 588 529 605 624 369
Interest 8 7 11 8 9 8 8 4 3 6
Depreciation 80 78 80 83 80 99 90 97 98 105
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 105
Profit Before Tax 510 524 409 564 662 481 431 505 523 363
Provision for Tax 32 77 42 118 155 108 102 107 116 52
Profit After Tax 479 447 367 447 508 373 329 397 407 311
Adjustments 2 1 2 2 1 0 1 3 2 0
Profit After Adjustments 481 449 370 449 508 373 331 400 409 311
Adjusted Earnings Per Share 31.6 29.5 24.3 29.5 33.4 24.5 21.7 26.3 26.9 20.5

PI Industries Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 1940 2096 2277 2277 2841 3367 4577 5300 6492 7666 7978 6936
Other Income 42 35 37 60 68 49 125 101 159 208 352 309
Total Income 1982 2132 2313 2337 2909 3415 4702 5401 6651 7874 8330 7244
Total Expenditure 1565 1663 1722 1782 2271 2647 3559 4154 4948 5638 5784 5117
Operating Profit 417 469 591 556 638 769 1143 1247 1703 2236 2547 2127
Interest 12 12 9 7 7 19 34 16 39 44 56 21
Depreciation 50 54 73 83 93 137 175 202 227 308 353 390
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 105
Profit Before Tax 355 403 510 466 538 614 939 1033 1444 1895 2142 1822
Provision for Tax 109 91 50 98 128 157 200 189 215 213 482 377
Profit After Tax 246 312 459 368 410 457 738 844 1230 1682 1660 1444
Adjustments 0 0 0 0 0 0 0 0 0 0 0 6
Profit After Adjustments 246 312 459 368 410 457 738 844 1230 1682 1660 1451
Adjusted Earnings Per Share 18 22.7 33.4 26.6 29.7 33.1 48.6 55.5 80.9 110.6 109.2 95.4

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 4% 15% 19% 15%
Operating Profit CAGR 14% 27% 27% 20%
PAT CAGR -1% 25% 29% 21%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -14% 1% 5% 17%
ROE Average 18% 19% 18% 22%
ROCE Average 23% 23% 22% 26%

PI Industries Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 896 1171 1627 1925 2285 2619 5342 6120 7199 8731 10157
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 17 122 83 46 10 399 257 170 0 62 78
Other Non-Current Liabilities 61 64 20 15 34 106 694 703 825 1499 1488
Total Current Liabilities 948 972 1048 1808 1534 1917 1738 2004 1908 2185 2624
Total Liabilities 1922 2329 2779 3794 3863 5042 8032 8997 9931 12476 14347
Fixed Assets 533 874 945 998 1186 1858 2138 2453 2606 3528 4209
Other Non-Current Assets 179 118 119 140 264 344 920 925 937 1795 2290
Total Current Assets 1210 1336 1715 2656 2414 2840 4974 5620 6388 7153 7849
Total Assets 1922 2329 2779 3794 3863 5042 8032 8997 9931 12476 14347

PI Industries Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 32 18 34 85 117 61 125 110 351 873 887
Cash Flow from Operating Activities 184 367 339 319 391 698 725 529 1501 2036 1413
Cash Flow from Investing Activities -146 -303 -235 -181 -322 -985 -2430 -110 -496 -1801 -1424
Cash Flow from Financing Activities -53 -48 -53 -106 -125 350 1690 -177 -483 -222 -287
Net Cash Inflow / Outflow -15 16 50 33 -56 63 -15 241 522 14 -298
Closing Cash & Cash Equivalent 17 34 84 117 61 125 110 351 873 887 592

PI Industries Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 18 22.72 33.39 26.64 29.72 33.09 48.57 55.51 80.89 110.63 109.22
CEPS(Rs) 21.65 26.68 38.7 32.65 36.46 42.99 60.07 68.79 95.79 130.9 132.41
DPS(Rs) 2.5 3.1 4 4 4 4 5 6 10 15 16
Book NAV/Share(Rs) 65.55 84.59 117.24 138.74 165.08 190.12 351.81 402.88 473.76 574.52 668.08
Core EBITDA Margin(%) 17.13 19.72 23.28 21.46 18.88 20.35 21.21 20.77 22.89 25.4 26.31
EBIT Margin(%) 16.78 18.86 21.75 20.48 18.06 17.89 20.26 19.01 21.99 24.27 26.36
Pre Tax Margin(%) 16.23 18.33 21.38 20.16 17.83 17.36 19.55 18.72 21.41 23.73 25.68
PAT Margin (%) 11.23 14.18 19.28 15.92 13.6 12.91 15.38 15.29 18.22 21.06 19.91
Cash Profit Margin (%) 13.5 16.65 22.34 19.52 16.68 16.78 19.02 18.95 21.58 24.92 24.13
ROA(%) 14.4 14.66 17.99 11.19 10.71 10.26 11.29 9.91 12.99 15.01 12.38
ROE(%) 30.99 30.32 33.14 20.84 19.57 18.63 18.52 14.71 18.45 21.11 17.58
ROCE(%) 40.23 35.53 33.77 25.18 25.1 23.13 22.09 17.4 21.84 24.14 22.99
Receivable days 53.3 64.81 62.9 75.14 71.9 67.51 51.32 52 44.38 38.9 51.11
Inventory Days 58.1 64.2 63.31 69.87 59.75 68.87 70.4 81.91 76.31 61.68 50
Payable days 110.71 113.4 102.59 102.49 103.8 109.05 98.44 107.41 90.52 99.19 118.95
PER(x) 33.81 24.97 25.07 33.33 34.7 35.35 46.42 50.82 37.42 34.97 31.35
Price/Book(x) 9.29 6.71 7.14 6.4 6.25 6.15 6.41 7 6.39 6.73 5.13
Dividend Yield(%) 0.41 0.55 0.48 0.45 0.39 0.34 0.22 0.21 0.33 0.39 0.47
EV/Net Sales(x) 4.33 3.76 5.05 5.36 5 4.91 7.24 7.88 6.74 7.34 6.23
EV/Core EBITDA(x) 20.12 16.8 19.46 21.96 22.24 21.49 28.98 33.47 25.7 25.15 19.5
Net Sales Growth(%) 21.61 8.04 8.61 0.01 24.76 18.5 35.96 15.79 22.5 18.08 4.07
EBIT Growth(%) 33.46 12.83 25.04 -8.78 15.27 16.11 53.68 7.86 41.44 30.65 13.41
PAT Growth(%) 30.79 26.7 47.47 -19.99 11.59 11.31 61.7 14.29 45.71 36.76 -1.27
EPS Growth(%) 30.35 26.19 46.98 -20.23 11.59 11.31 46.8 14.29 45.71 36.76 -1.27
Debt/Equity(x) 0.13 0.13 0.07 0.04 0.02 0.2 0.06 0.04 0 0.01 0.01
Current Ratio(x) 1.28 1.38 1.64 1.47 1.57 1.48 2.86 2.8 3.35 3.27 2.99
Quick Ratio(x) 0.88 0.97 1.22 1.22 1.22 1.06 2.26 2.09 2.62 2.68 2.62
Interest Cover(x) 30.3 35.46 59.13 64.77 76.76 33.31 28.6 65.15 37.75 44.46 39.05
Total Debt/Mcap(x) 0.01 0.02 0.01 0.01 0 0.03 0.01 0.01 0 0 0

PI Industries Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 46.09 46.09 46.09 46.09 46.09 46.09 46.09 46.09 46.09 46.09
FII 20.01 20.41 20.26 18.76 19.02 18.46 18.05 16.97 16.42 15.97
DII 23.27 23.14 24.34 25.99 26.35 27.21 27.56 29.34 30.39 31.07
Public 10.63 10.37 9.32 9.16 8.55 8.25 8.3 7.6 7.1 6.87
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

PI Industries News

PI Industries Pros & Cons

Pros

  • Company has delivered good profit growth of 29% CAGR over last 5 years
  • Company is almost debt free.

Cons

  • Promoter holding is low: 46.09%.
  • Debtor days have increased from 99.19 to 118.95days.
  • Stock is trading at 4.3 times its book value.
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