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Last Updated: January 6, 2026, 7:44 pm
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 523642 | NSE: PIIND

PI Industries Ltd (PIIND): Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: January 6, 2026, 7:44 pm

Market Cap 49,746 Cr.
Current Price 3,276
High / Low 4,330/2,951
Stock P/E32.9
Book Value 714
Dividend Yield0.49 %
ROCE22.9 %
ROE17.6 %
Face Value 1.00
PEG Ratio2.66

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for PI Industries Ltd (PIIND)

Competitors

Stock Name Market Cap Current Price High / Low Stock P/E Book Value Dividend Yield ROCE ROE Face Value
Epigral Ltd 5,375 Cr. 1,246 2,114/1,21313.4 4870.48 %24.9 %22.3 % 10.0
Dharmaj Crop Guard Ltd 829 Cr. 245 391/16517.0 1310.00 %12.0 %9.28 % 10.0
Bhaskar Agrochemicals Ltd 63.7 Cr. 122 149/56.611.4 40.00.00 %21.3 %24.7 % 10.0
Bhagiradha Chemicals & Industries Ltd 2,601 Cr. 201 331/19898.2 54.90.07 %7.44 %4.91 % 1.00
Best Agrolife Ltd 923 Cr. 390 620/24472.1 3420.51 %12.9 %9.95 % 10.0
Industry Average11,212.30 Cr1,131.2931.39382.340.42%15.21%19.87%7.04

All Competitor Stocks of PI Industries Ltd (PIIND)

Quarterly Result

MetricSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales 1,7701,6131,5661,9102,1171,8981,7412,0692,2211,9011,7871,9001,872
Expenses 1,3381,1981,2231,4431,5661,3441,2991,4861,5931,3891,3321,3811,331
Operating Profit 432415343468551554442583628512456519541
OPM % 24%26%22%24%26%29%25%28%28%27%25%27%29%
Other Income 335151524958607512376758985
Interest 119348711888843
Depreciation 56575870807880838099909698
Profit before tax 398400332445512526411566663481432507525
Tax % 16%12%16%14%6%15%10%21%23%22%24%21%22%
Net Profit 335352281383480449370449508373330400409
EPS in Rs 22.0723.1918.4925.2431.6729.5724.3529.5833.5024.5721.7826.3626.98

Last Updated: December 29, 2025, 3:33 pm

Below is a detailed analysis of the quarterly data for PI Industries Ltd (PIIND) based on the most recent figures (Sep 2025) and their trends compared to the previous period:

  • For Sales, as of Sep 2025, the value is 1,872.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,900.00 Cr. (Jun 2025) to 1,872.00 Cr., marking a decrease of 28.00 Cr..
  • For Expenses, as of Sep 2025, the value is 1,331.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 1,381.00 Cr. (Jun 2025) to 1,331.00 Cr., marking a decrease of 50.00 Cr..
  • For Operating Profit, as of Sep 2025, the value is 541.00 Cr.. The value appears strong and on an upward trend. It has increased from 519.00 Cr. (Jun 2025) to 541.00 Cr., marking an increase of 22.00 Cr..
  • For OPM %, as of Sep 2025, the value is 29.00%. The value appears strong and on an upward trend. It has increased from 27.00% (Jun 2025) to 29.00%, marking an increase of 2.00%.
  • For Other Income, as of Sep 2025, the value is 85.00 Cr.. The value appears to be declining and may need further review. It has decreased from 89.00 Cr. (Jun 2025) to 85.00 Cr., marking a decrease of 4.00 Cr..
  • For Interest, as of Sep 2025, the value is 3.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 4.00 Cr. (Jun 2025) to 3.00 Cr., marking a decrease of 1.00 Cr..
  • For Depreciation, as of Sep 2025, the value is 98.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 96.00 Cr. (Jun 2025) to 98.00 Cr., marking an increase of 2.00 Cr..
  • For Profit before tax, as of Sep 2025, the value is 525.00 Cr.. The value appears strong and on an upward trend. It has increased from 507.00 Cr. (Jun 2025) to 525.00 Cr., marking an increase of 18.00 Cr..
  • For Tax %, as of Sep 2025, the value is 22.00%. The value appears to be increasing, which may not be favorable. It has increased from 21.00% (Jun 2025) to 22.00%, marking an increase of 1.00%.
  • For Net Profit, as of Sep 2025, the value is 409.00 Cr.. The value appears strong and on an upward trend. It has increased from 400.00 Cr. (Jun 2025) to 409.00 Cr., marking an increase of 9.00 Cr..
  • For EPS in Rs, as of Sep 2025, the value is 26.98. The value appears strong and on an upward trend. It has increased from 26.36 (Jun 2025) to 26.98, marking an increase of 0.62.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: December 15, 2025, 4:50 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 1,5961,9402,0962,2772,2772,8413,3664,5775,3006,4927,6667,9787,461
Expenses 1,3001,5581,6611,7221,7812,2612,6473,5594,1544,9485,6365,7725,433
Operating Profit 2953824355554965807201,0181,1461,5442,0302,2062,028
OPM % 19%20%21%24%22%20%21%22%22%24%26%28%27%
Other Income 11353436605850129105166216345324
Interest 14121297719341639445623
Depreciation 325054738393137175202226308352384
Profit before tax 2613554035104665386149381,0331,4441,8952,1421,946
Tax % 28%31%23%10%21%24%26%21%18%15%11%22%
Net Profit 1882463124593684104577388441,2301,6821,6601,512
EPS in Rs 13.8118.0022.7233.3926.6629.7233.0648.6655.6281.04110.83109.4399.69
Dividend Payout % 14%14%14%12%15%13%12%10%11%12%14%15%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)30.85%26.83%47.12%-19.83%11.41%11.46%61.49%14.36%45.73%36.75%-1.31%
Change in YoY Net Profit Growth (%)0.00%-4.02%20.29%-66.94%31.24%0.05%50.02%-47.12%31.37%-8.99%-38.06%

PI Industries Ltd (PIIND) has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:15%
5 Years:19%
3 Years:15%
TTM:0%
Compounded Profit Growth
10 Years:21%
5 Years:30%
3 Years:25%
TTM:-8%
Stock Price CAGR
10 Years:19%
5 Years:15%
3 Years:5%
1 Year:-17%
Return on Equity
10 Years:19%
5 Years:18%
3 Years:19%
Last Year:18%

Last Updated: September 5, 2025, 12:15 pm

Balance Sheet

Last Updated: December 4, 2025, 1:47 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 14141414141414151515151515
Reserves 6818831,1571,6131,9112,2722,6055,3276,1057,1838,71610,14210,812
Borrowings 122115151120834951937331646191184242
Other Liabilities 5016226265546188201,0871,2871,3541,2351,8221,9082,232
Total Liabilities 1,3181,6331,9492,3012,6263,1554,2257,0027,7918,48010,74412,24913,301
Fixed Assets 5275338749459981,1861,8582,1382,4522,6063,5284,2094,443
CWIP 42133717790183271288114132278550610
Investments 110831611291508729001,0161,3361,5311,352
Other Assets 7489671,0031,1961,3781,6571,9463,7044,3254,7265,6015,9596,896
Total Assets 1,3181,6331,9492,3012,6263,1554,2257,0027,7918,48010,74412,24913,301

Below is a detailed analysis of the balance sheet data for PI Industries Ltd (PIIND) based on the most recent figures (Sep 2025) and their trends compared to the previous period:

  • For Equity Capital, as of Sep 2025, the value is 15.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 15.00 Cr..
  • For Reserves, as of Sep 2025, the value is 10,812.00 Cr.. The value appears strong and on an upward trend. It has increased from 10,142.00 Cr. (Mar 2025) to 10,812.00 Cr., marking an increase of 670.00 Cr..
  • For Borrowings, as of Sep 2025, the value is 242.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from 184.00 Cr. (Mar 2025) to 242.00 Cr., marking an increase of 58.00 Cr..
  • For Other Liabilities, as of Sep 2025, the value is 2,232.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1,908.00 Cr. (Mar 2025) to 2,232.00 Cr., marking an increase of 324.00 Cr..
  • For Total Liabilities, as of Sep 2025, the value is 13,301.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 12,249.00 Cr. (Mar 2025) to 13,301.00 Cr., marking an increase of 1,052.00 Cr..
  • For Fixed Assets, as of Sep 2025, the value is 4,443.00 Cr.. The value appears strong and on an upward trend. It has increased from 4,209.00 Cr. (Mar 2025) to 4,443.00 Cr., marking an increase of 234.00 Cr..
  • For CWIP, as of Sep 2025, the value is 610.00 Cr.. The value appears strong and on an upward trend. It has increased from 550.00 Cr. (Mar 2025) to 610.00 Cr., marking an increase of 60.00 Cr..
  • For Investments, as of Sep 2025, the value is 1,352.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,531.00 Cr. (Mar 2025) to 1,352.00 Cr., marking a decrease of 179.00 Cr..
  • For Other Assets, as of Sep 2025, the value is 6,896.00 Cr.. The value appears strong and on an upward trend. It has increased from 5,959.00 Cr. (Mar 2025) to 6,896.00 Cr., marking an increase of 937.00 Cr..
  • For Total Assets, as of Sep 2025, the value is 13,301.00 Cr.. The value appears strong and on an upward trend. It has increased from 12,249.00 Cr. (Mar 2025) to 13,301.00 Cr., marking an increase of 1,052.00 Cr..

Notably, the Reserves (10,812.00 Cr.) exceed the Borrowings (242.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity +2191843673393193916987255291,5012,0361,413
Cash from Investing Activity +-50-146-303-235-180-322-985-2,430-110-496-1,800-1,421
Cash from Financing Activity +-145-53-48-53-106-1253501,690-177-483-222-286
Net Cash Flow24-15165033-5663-1524152214-294

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow173.00267.00284.00435.00413.00531.00201.00-372.00-315.00-45.00-189.00-182.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days597269688485705660434464
Inventory Days12612412413614112615814917814412495
Days Payable1161161159011512111711311586119117
Cash Conversion Cycle70807811311090111931221014942
Working Capital Days414354728987707293704867
ROCE %36%41%36%34%25%25%23%22%17%22%24%23%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters46.09%46.08%46.08%46.09%46.09%46.09%46.09%46.09%46.09%46.09%46.09%46.09%
FIIs18.60%18.59%19.17%20.01%20.41%20.26%18.76%19.02%18.46%18.06%16.98%16.42%
DIIs24.24%24.06%23.80%23.11%23.00%24.18%25.84%26.21%27.07%27.43%29.21%30.26%
Government0.15%0.15%0.15%0.15%0.15%0.15%0.15%0.15%0.15%0.15%0.15%0.15%
Public10.90%11.10%10.77%10.61%10.34%9.29%9.14%8.54%8.23%8.28%7.58%7.09%
Others0.03%0.03%0.03%0.02%0.02%0.02%0.01%0.01%0.01%0.01%0.01%0.01%
No. of Shareholders1,42,5501,48,0371,41,0921,58,2681,84,5151,57,9911,56,7901,50,1901,57,9931,67,2651,50,4011,37,932

Shareholding Pattern Chart

No. of Shareholders

PI Industries Ltd (PIIND): Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Kotak Midcap Fund 2,893,010 1.62 982.352,830,9862025-12-15 01:56:572.19%
ICICI Prudential Balanced Advantage Fund 2,182,585 1.06 741.122,043,9022025-12-15 07:30:046.79%
Axis ELSS Tax Saver Fund 1,722,784 1.67 584.993,404,1582025-12-08 03:52:34-49.39%
Mirae Asset Large & Midcap Fund 1,684,238 1.31 571.9N/AN/AN/A
ICICI Prudential India Opportunities Fund 1,559,787 1.56 529.641,549,5302025-12-15 07:30:040.66%
ICICI Prudential Flexicap Fund 1,366,326 2.31 463.951,364,6602025-12-15 02:35:400.12%
ICICI Prudential Large & Mid Cap Fund 1,236,388 1.56 419.831,158,1682025-12-15 07:30:046.75%
Mirae Asset Midcap Fund 1,136,116 2.1 385.781,080,0322025-12-15 07:30:045.19%
SBI Large Cap Fund 1,130,500 0.69 383.87N/AN/AN/A
Tata Large & Mid Cap Fund 1,050,961 4.08 356.86N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 1.001.001.001.001.00
Basic EPS (Rs.) 109.44110.8581.0655.6549.92
Diluted EPS (Rs.) 109.44110.8381.0455.6349.89
Cash EPS (Rs.) 132.13130.2195.3468.5559.78
Book Value[Excl.RevalReserv]/Share (Rs.) 668.22574.41473.59402.66351.47
Book Value[Incl.RevalReserv]/Share (Rs.) 668.22574.41473.59402.66351.47
Revenue From Operations / Share (Rs.) 524.86504.33427.11348.65301.12
PBDIT / Share (Rs.) 166.00146.21111.9181.8374.81
PBIT / Share (Rs.) 142.81125.9397.0168.5563.31
PBT / Share (Rs.) 140.64123.9694.5767.7161.45
Net Profit / Share (Rs.) 108.94109.9380.4455.2848.28
NP After MI And SOA / Share (Rs.) 109.22110.6380.8955.5148.57
PBDIT Margin (%) 31.6228.9926.2023.4724.84
PBIT Margin (%) 27.2024.9722.7119.6621.02
PBT Margin (%) 26.7924.5722.1419.4220.40
Net Profit Margin (%) 20.7521.7918.8315.8516.03
NP After MI And SOA Margin (%) 20.8121.9318.9315.9216.13
Return on Networth / Equity (%) 16.3419.2517.0713.7813.81
Return on Capital Employeed (%) 20.5721.1420.2016.1716.75
Return On Assets (%) 13.5215.6214.4910.8310.54
Long Term Debt / Equity (X) 0.010.010.000.020.04
Total Debt / Equity (X) 0.010.010.000.040.04
Asset Turnover Ratio (%) 0.690.790.770.690.77
Current Ratio (X) 4.023.904.793.683.57
Quick Ratio (X) 3.453.143.612.632.74
Inventory Turnover Ratio (X) 6.982.652.422.342.61
Dividend Payout Ratio (NP) (%) 13.7010.379.248.988.20
Dividend Payout Ratio (CP) (%) 11.308.767.807.246.63
Earning Retention Ratio (%) 86.3089.6390.7691.0291.80
Cash Earning Retention Ratio (%) 88.7091.2492.2092.7693.37
Interest Coverage Ratio (X) 76.4674.0845.8597.1740.32
Interest Coverage Ratio (Post Tax) (X) 51.1856.7033.9666.6427.02
Enterprise Value (Cr.) 49661.4656230.5243769.0241737.5632907.06
EV / Net Operating Revenue (X) 6.227.346.747.887.19
EV / EBITDA (X) 19.6825.3025.7333.5628.94
MarketCap / Net Operating Revenue (X) 6.527.677.098.097.49
Retention Ratios (%) 86.2989.6290.7591.0191.79
Price / BV (X) 5.126.746.397.016.41
Price / Net Operating Revenue (X) 6.527.677.098.097.49
EarningsYield 0.030.020.020.010.02

After reviewing the key financial ratios for PI Industries Ltd (PIIND), here is a detailed analysis based on the latest available data and recent trends:

  • For FaceValue, as of Mar 25, the value is 1.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 1.00.
  • For Basic EPS (Rs.), as of Mar 25, the value is 109.44. This value is within the healthy range. It has decreased from 110.85 (Mar 24) to 109.44, marking a decrease of 1.41.
  • For Diluted EPS (Rs.), as of Mar 25, the value is 109.44. This value is within the healthy range. It has decreased from 110.83 (Mar 24) to 109.44, marking a decrease of 1.39.
  • For Cash EPS (Rs.), as of Mar 25, the value is 132.13. This value is within the healthy range. It has increased from 130.21 (Mar 24) to 132.13, marking an increase of 1.92.
  • For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 668.22. It has increased from 574.41 (Mar 24) to 668.22, marking an increase of 93.81.
  • For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 668.22. It has increased from 574.41 (Mar 24) to 668.22, marking an increase of 93.81.
  • For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 524.86. It has increased from 504.33 (Mar 24) to 524.86, marking an increase of 20.53.
  • For PBDIT / Share (Rs.), as of Mar 25, the value is 166.00. This value is within the healthy range. It has increased from 146.21 (Mar 24) to 166.00, marking an increase of 19.79.
  • For PBIT / Share (Rs.), as of Mar 25, the value is 142.81. This value is within the healthy range. It has increased from 125.93 (Mar 24) to 142.81, marking an increase of 16.88.
  • For PBT / Share (Rs.), as of Mar 25, the value is 140.64. This value is within the healthy range. It has increased from 123.96 (Mar 24) to 140.64, marking an increase of 16.68.
  • For Net Profit / Share (Rs.), as of Mar 25, the value is 108.94. This value is within the healthy range. It has decreased from 109.93 (Mar 24) to 108.94, marking a decrease of 0.99.
  • For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 109.22. This value is within the healthy range. It has decreased from 110.63 (Mar 24) to 109.22, marking a decrease of 1.41.
  • For PBDIT Margin (%), as of Mar 25, the value is 31.62. This value is within the healthy range. It has increased from 28.99 (Mar 24) to 31.62, marking an increase of 2.63.
  • For PBIT Margin (%), as of Mar 25, the value is 27.20. This value exceeds the healthy maximum of 20. It has increased from 24.97 (Mar 24) to 27.20, marking an increase of 2.23.
  • For PBT Margin (%), as of Mar 25, the value is 26.79. This value is within the healthy range. It has increased from 24.57 (Mar 24) to 26.79, marking an increase of 2.22.
  • For Net Profit Margin (%), as of Mar 25, the value is 20.75. This value exceeds the healthy maximum of 10. It has decreased from 21.79 (Mar 24) to 20.75, marking a decrease of 1.04.
  • For NP After MI And SOA Margin (%), as of Mar 25, the value is 20.81. This value exceeds the healthy maximum of 20. It has decreased from 21.93 (Mar 24) to 20.81, marking a decrease of 1.12.
  • For Return on Networth / Equity (%), as of Mar 25, the value is 16.34. This value is within the healthy range. It has decreased from 19.25 (Mar 24) to 16.34, marking a decrease of 2.91.
  • For Return on Capital Employeed (%), as of Mar 25, the value is 20.57. This value is within the healthy range. It has decreased from 21.14 (Mar 24) to 20.57, marking a decrease of 0.57.
  • For Return On Assets (%), as of Mar 25, the value is 13.52. This value is within the healthy range. It has decreased from 15.62 (Mar 24) to 13.52, marking a decrease of 2.10.
  • For Long Term Debt / Equity (X), as of Mar 25, the value is 0.01. This value is below the healthy minimum of 0.2. There is no change compared to the previous period (Mar 24) which recorded 0.01.
  • For Total Debt / Equity (X), as of Mar 25, the value is 0.01. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 0.01.
  • For Asset Turnover Ratio (%), as of Mar 25, the value is 0.69. It has decreased from 0.79 (Mar 24) to 0.69, marking a decrease of 0.10.
  • For Current Ratio (X), as of Mar 25, the value is 4.02. This value exceeds the healthy maximum of 3. It has increased from 3.90 (Mar 24) to 4.02, marking an increase of 0.12.
  • For Quick Ratio (X), as of Mar 25, the value is 3.45. This value exceeds the healthy maximum of 2. It has increased from 3.14 (Mar 24) to 3.45, marking an increase of 0.31.
  • For Inventory Turnover Ratio (X), as of Mar 25, the value is 6.98. This value is within the healthy range. It has increased from 2.65 (Mar 24) to 6.98, marking an increase of 4.33.
  • For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 13.70. This value is below the healthy minimum of 20. It has increased from 10.37 (Mar 24) to 13.70, marking an increase of 3.33.
  • For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 11.30. This value is below the healthy minimum of 20. It has increased from 8.76 (Mar 24) to 11.30, marking an increase of 2.54.
  • For Earning Retention Ratio (%), as of Mar 25, the value is 86.30. This value exceeds the healthy maximum of 70. It has decreased from 89.63 (Mar 24) to 86.30, marking a decrease of 3.33.
  • For Cash Earning Retention Ratio (%), as of Mar 25, the value is 88.70. This value exceeds the healthy maximum of 70. It has decreased from 91.24 (Mar 24) to 88.70, marking a decrease of 2.54.
  • For Interest Coverage Ratio (X), as of Mar 25, the value is 76.46. This value is within the healthy range. It has increased from 74.08 (Mar 24) to 76.46, marking an increase of 2.38.
  • For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 51.18. This value is within the healthy range. It has decreased from 56.70 (Mar 24) to 51.18, marking a decrease of 5.52.
  • For Enterprise Value (Cr.), as of Mar 25, the value is 49,661.46. It has decreased from 56,230.52 (Mar 24) to 49,661.46, marking a decrease of 6,569.06.
  • For EV / Net Operating Revenue (X), as of Mar 25, the value is 6.22. This value exceeds the healthy maximum of 3. It has decreased from 7.34 (Mar 24) to 6.22, marking a decrease of 1.12.
  • For EV / EBITDA (X), as of Mar 25, the value is 19.68. This value exceeds the healthy maximum of 15. It has decreased from 25.30 (Mar 24) to 19.68, marking a decrease of 5.62.
  • For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 6.52. This value exceeds the healthy maximum of 3. It has decreased from 7.67 (Mar 24) to 6.52, marking a decrease of 1.15.
  • For Retention Ratios (%), as of Mar 25, the value is 86.29. This value exceeds the healthy maximum of 70. It has decreased from 89.62 (Mar 24) to 86.29, marking a decrease of 3.33.
  • For Price / BV (X), as of Mar 25, the value is 5.12. This value exceeds the healthy maximum of 3. It has decreased from 6.74 (Mar 24) to 5.12, marking a decrease of 1.62.
  • For Price / Net Operating Revenue (X), as of Mar 25, the value is 6.52. This value exceeds the healthy maximum of 3. It has decreased from 7.67 (Mar 24) to 6.52, marking a decrease of 1.15.
  • For EarningsYield, as of Mar 25, the value is 0.03. This value is below the healthy minimum of 5. It has increased from 0.02 (Mar 24) to 0.03, marking an increase of 0.01.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of PI Industries Ltd (PIIND) as of January 6, 2026 is: ₹3,323.68

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of January 6, 2026, PI Industries Ltd (PIIND) is Undervalued by 1.46% compared to the current share price ₹3,276.00

Intrinsic Value of PI Industries Ltd (PIIND) as of January 6, 2026 is: ₹3,735.11

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of January 6, 2026, PI Industries Ltd (PIIND) is Undervalued by 14.01% compared to the current share price ₹3,276.00

Last 5 Year EPS CAGR: 12.38%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 27.33%, which is a positive sign.
  2. The company has higher reserves (4,569.77 cr) compared to borrowings (193.15 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (3.77 cr) and profit (314.69 cr) over the years.
  1. The stock has a high average Working Capital Days of 67.17, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 88.25, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in PI Industries Ltd (PIIND):
    1. Net Profit Margin: 20.75%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 20.57% (Industry Average ROCE: 15.21%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 16.34% (Industry Average ROE: 19.87%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 51.18
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 3.45
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 32.9 (Industry average Stock P/E: 31.39)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.01
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

PI Industries Ltd. is a Public Limited Listed company incorporated on 31/12/1946 and has its registered office in the State of Rajasthan, India. Company's Corporate Identification Number(CIN) is L24211RJ1946PLC000469 and registration number is 000469. Currently Company is involved in the business activities of Manufacture of pesticides and other agrochemical products. Company's Total Operating Revenue is Rs. 7571.20 Cr. and Equity Capital is Rs. 15.20 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Agro Chemicals/PesticidesUdaisagar Road, Udaipur Rajasthan 313001Contact not found
Management
NamePosition Held
Mr. Salil SinghalChairperson Emeritus
Mr. Narayan K SeshadriNon Exe. Non Ind Chairperson
Mr. Mayank SinghalVice Chairman & Mng.Director
Mr. Rajnish SarnaJoint Managing Director
Mr. Arvind SinghalNon Exe.Non Ind.Director
Mr. Rafael Del Rio DonosoNon Executive Director
Mr. Shobinder DuggalIndependent Director
Ms. Pia SinghIndependent Director
Ms. Lisa J BrownIndependent Director
Mr. T S BalganeshIndependent Director

FAQ

What is the intrinsic value of PI Industries Ltd (PIIND)?

PI Industries Ltd (PIIND)'s intrinsic value (as of 06 January 2026) is ₹3323.68 which is 1.46% higher the current market price of ₹3,276.00, indicating undervalued. Calculated using the PE ratio method, this valuation considers the company's ₹49,746 Cr. market cap, FY2025-2026 high/low of ₹4,330/2,951, reserves of ₹10,812 Cr, and liabilities of ₹13,301 Cr.

What is the Market Cap of PI Industries Ltd (PIIND)?

The Market Cap of PI Industries Ltd (PIIND) is 49,746 Cr..

What is the current Stock Price of PI Industries Ltd (PIIND) as on 06 January 2026?

The current stock price of PI Industries Ltd (PIIND) as on 06 January 2026 is ₹3,276.

What is the High / Low of PI Industries Ltd (PIIND) stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of PI Industries Ltd (PIIND) stocks is ₹4,330/2,951.

What is the Stock P/E of PI Industries Ltd (PIIND)?

The Stock P/E of PI Industries Ltd (PIIND) is 32.9.

What is the Book Value of PI Industries Ltd (PIIND)?

The Book Value of PI Industries Ltd (PIIND) is 714.

What is the Dividend Yield of PI Industries Ltd (PIIND)?

The Dividend Yield of PI Industries Ltd (PIIND) is 0.49 %.

What is the ROCE of PI Industries Ltd (PIIND)?

The ROCE of PI Industries Ltd (PIIND) is 22.9 %.

What is the ROE of PI Industries Ltd (PIIND)?

The ROE of PI Industries Ltd (PIIND) is 17.6 %.

What is the Face Value of PI Industries Ltd (PIIND)?

The Face Value of PI Industries Ltd (PIIND) is 1.00.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in PI Industries Ltd (PIIND). Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE