5nance5nance
5nance5nance
HomeScreens
LOGINGET FREE ACCOUNT

PI Industries Ltd.

•
piindustries.comBSE: 523642NSE: PIIND
Market Cap₹ 36,352 Cr.
Current Price
High / Low₹ 3,833 / 2,354
Stock P/E27.7
Book Value₹ 772
Price to Book3.64
Dividend Yield0.63 %
ROCE16.9 %
ROE13.2 %
Face Value₹ 1

Add ratio to table

ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Active Ingredients & Intermediates: 81.7% • Formulations: 17.5% • Others: 0.9%

AI Sector View

AI GENERATED

Chemicals

Hold

The available domestic chemical proxies are mixed to weak. Fertilizers output was -8.0% YoY (2026-07) and sale quantity of fertilisers was 0.0% YoY (2026-05), although that high-frequency barometer is stale. FPI positioning is less negative than before, with net 3-month outflow only INR -11 crore versus INR -1229 crore in the prior 3 months to 2026-08-31, but the weak sector driver argues for a neutral stance.

Confidence
55%
View full sector analysis →

PROS

  • Company is almost debt free
  • Company has a healthy return on capital (ROCE) of 22.7%
  • Operating margins have improved to 29.3% from 25.9%
  • Company has a consistent dividend-paying track record
  • Company generates healthy free cash flow

CONS

  • Receivables are growing faster than sales - a possible quality concern
  • Recent results are weak - TTM profit is down 20.2% versus prior year
  • Working capital days have increased from 221 to 302 days
  • Company has delivered a poor sales growth of 7.2% over past five years
  • Debtor days have increased from 44 to 72
  • Expensive relative to growth - PEG of 4.8

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

ChemicalsChemicalsPesticides & Agrochemicals
Part ofNIFTY MIDCAP 150NIFTY MIDCAP 100NIFTY 500NIFTY LARGEMID250NIFTY TOTAL MKT
S.No.Name
1.UPL577.0024.1148708.571.04-73.0058.5210181.0010.4712.0013.43
2.PIIND2396.0531.2036352.420.63244.20-38.951702.30-10.4316.0021.69
3.SUMICHEM481.5041.4824033.870.27214.5120.451063.350.6223.3921.94
4.BAYERCROP3948.35320.2517744.713.80321.6015.391835.00-4.1630.0820.03
5.SHARDACROP783.1011.287065.171.9288.02-38.361073.779.0331.1017.32
6.DHANUKA977.8014.684358.870.2075.5027.94442.0220.0124.4424.83
7.RALLIS203.9024.153965.221.47-14.15-274.26507.547.7013.23-0.56
8.NACLIND164.35311.223849.790.0020.8459.82383.33-14.506.2010.80
9.BHAGCHEM263.40124.103415.480.06133.293249.841950.191475.554.5515.65
10.GSPCROP491.2023.342285.000.20263.941111.463859.951153.2718.4611.02
11.BHARATRAS1170.3013.571945.160.04372.30838.733381.60796.0316.6315.19
12.INSECTICID623.6014.501814.540.3243.87-24.49611.52-11.5215.9711.10
Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
1,8291,9691,7211,6262,0122,1311,7801,6481,7691,7531,2701,3911,599
1,3541,4151,1771,1731,3811,4461,2351,1441,1951,1469001,0061,223
Operating Profit475553544453631685545504574607370385376
OPM %25.98%28.11%31.62%27.85%31.37%32.13%30.60%30.57%32.43%34.63%29.11%27.68%23.53%
4756655669907368808056-4161
Interest2224212221322
Depreciation59636262656667657172788580
Profit before Tax462545545443634708548506582615345258437
Tax %14.34%14.76%10.80%13.21%21.34%21.12%22.71%23.72%20.15%20.09%18.35%23.30%21.85%
Net Profit395464486384498558424386464491282198342
26.0630.6332.0425.3432.8536.8227.9325.4330.6132.3618.5613.0422.50

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
2,2762,2772,8413,3074,3615,0776,2707,1457,5716,1836,012
1,7241,7832,2752,6083,3703,9624,7485,1105,1944,2864,274
Operating Profit5524945666999911,1141,5222,0352,3771,8971,738
OPM %24.25%21.70%19.93%21.14%22.71%21.95%24.27%28.48%31.39%30.68%28.91%
36606948117100159226310239156
Interest988203415382028328
Depreciation738393133172198222246263305314
Profit before Tax5064645355949021,0001,4221,9952,3961,7991,654
Tax %9.70%20.92%23.74%25.59%21.20%18.07%14.79%13.24%22.09%20.24%20.70%
Net Profit4573674084427108201,2111,7311,8661,4351,312
EPS33.0826.5529.5432.0247.9754.0379.84113.86122.8094.39—
Dividend Payout %12.03%15.06%13.54%12.48%10.70%11.13%12.55%13.17%13.03%15.89%—

COMPOUNDED SALES GROWTH

10 Years:
11%
5 Years:
7%
3 Years:
0%

COMPOUNDED PROFIT GROWTH

10 Years:
17%
5 Years:
15%
3 Years:
6%

STOCK PRICE CAGR

10 Years:
11%
5 Years:
-7%
3 Years:
-14%
1 Year:
-36%

RETURN ON EQUITY

10 Years:
20%
5 Years:
18%
3 Years:
18%
Last Year:
13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Corporate actions

2026

Aug 7

₹ 10

Rs.10.0000 per share(1000%)Final Dividend

2026

Feb 23

₹ 5

Rs.5.0000 per share(500%)Interim Dividend

2025

Aug 7

₹ 10

Rs.10.0000 per share(1000%)Final Dividend

2025

Feb 14

₹ 6

Rs.6.0000 per share(600%)Interim Dividend

2024

Aug 20

₹ 9

Rs.9.0000 per share(900%)Final Dividend

2024

Feb 21

₹ 6

Rs.6.0000 per share(600%)Interim Dividend

2023

Aug 11

₹ 5.50

Rs.5.5000 per share(550%)Final Dividend

2023

Feb 24

₹ 4.50

Rs.4.5000 per share(450%)Interim Dividend

2022

Aug 25

₹ 3

Rs.3.0000 per share(300%)Final Dividend

2022

Feb 14

₹ 3

Rs.3.0000 per share(300%)Interim Dividend

2021

Sep 6

₹ 2

Rs.2.0000 per share(200%)Final Dividend

2021

Feb 11

₹ 3

Rs.3.0000 per share(300%)Interim Dividend

2018

Jul 30

₹ 2.50

Rs.2.5000 per share(250%)Final Dividend

2017

Nov 9

₹ 1.50

Rs.1.5000 per share(150%)Interim Dividend

2017

Aug 30

₹ 2.50

Rs.2.5000 per share(250%)Final Dividend

2016

Nov 16

₹ 1.50

Rs.1.5000 per share(150%)Interim Dividend

2016

Mar 22

₹ 1.90

Second Interim Dividend

2015

Nov 17

₹ 1.20

Rs.1.2000 per share(120%)Interim Dividend

2015

Sep 8

₹ 1.30

Rs.1.3000 per share(130%)Final Dividend

2020

Feb 12

₹ 3

Rs.3.00/- (300%)Interim Dividend

2020

Feb 13

₹ 3

10/03/2020 Equity Rs.3.0000 per share(300%)Interim Dividend

2026

Jul 17

₹ 10

Rs.10.0000 per share(1000%)Final Dividend

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital14141414151515151515
1,5811,8882,2542,5735,2716,0247,0828,66610,28411,350
13710269595376313494862180
Trade Payables2883705145547828848361,1701,101850
7411,4081,0041,1881,5421,5891,8052,0462,5543,032
Total Liabilities2,7613,7833,8544,9237,9878,8249,78711,94614,01715,426
9439961,1841,6682,1182,4232,5132,6342,9503,228
Capital Work in Progress58691542362506461117282614
841611234541,0121,0361,1692,4483,2693,256
4324525367201,0111,3321,3451,1678371,050
5716141521217031,1951,356
Cash & Bank121120831101,4211,3222,1322,5442,2891,989
1,1181,9781,7591,7202,1612,6282,5462,3323,1953,933
Total Assets2,7613,7833,8544,9237,9878,8249,78711,94614,01715,426

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
4584105037649306581,7492,0991,478694
Cash from Investing-236-182-320-962-2,470-104-576-1,933-1,536-680
Cash from Financing-50-100-1223501,689-175-430-205-251-256
5032-5649-9207495-39-308-242

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026

Shareholding Pattern

Numbers in percentages

Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
46.0946.0946.0946.0946.0946.0946.0946.0946.09
18.7619.0218.4618.0616.9816.4215.9715.8714.83
25.8426.2127.0627.4229.2030.2530.9331.1931.49
Government0.000.000.000.000.000.000.000.000.00
9.168.558.258.307.607.106.876.707.46

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-03
Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-03 - PI Industries Limited has informed the Exchange about Schedule of meet with Analysts/ Investor(s)

2026-08-31
Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-31 - PI Industries Limited has informed the Exchange about Schedule of meet with Kotak Mutual Fund

2026-08-31
Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-31 - PI Industries Limited has informed the Exchange about Schedule of meet with Aberdeen

2026-08-31
Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-31 - PI Industries Limited has informed the Exchange about Schedule of meet with Fortitude Fund Management LLP

2026-08-26
Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-26 - PI Industries Limited has informed the Exchange about Schedule of meet with ITUS Capital

2026-08-19
Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-19 - PI Industries Limited has informed the Exchange about Schedule of meet with Awriga Capital

2026-08-19
Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-19 - PI Industries Limited has informed the Exchange about Schedule of meet with Quest Investments

2026-08-19
Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-19 - PI Industries Limited has informed the Exchange about Schedule of meet with Kotak Mahindra Asset Management Company

2026-08-18
Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-18 - PI Industries Limited has informed the Exchange about Transcript of the Earnings Conference Call pertaining to the Unaudited Financial Results for the quarter ended June 30, 2026

News

Recent coverage and analyst commentary for PIIND

Loading news…

🤖

AI Stock Analyst

PI Industries Ltd.

🔒

Sign in to Chat with AI

Log in with your 5nance account to ask institutional questions about performance, financials, and outlook.

✨ Sign In to Chat

Free 5nance Account

5nance5nance

Stock analysis and screening tool

5nanceAI © 2020-2026

Made with ❤️ in India.

Data provided by Accord Fintech

Terms & Privacy.

Product

PremiumWhat's new?Learn

Team

About usSupport

Theme

5nance5nance

Product

PremiumWhat's new?Learn

Team

About usSupport

Theme

5nanceAI © 2020-2026

Data provided by Accord Fintech

Made with ❤️ in India.

HomeScreens
Login