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

Share Price and Basic Stock Data

Last Updated: February 17, 2026, 6:38 pm

Market Cap	46,650 Cr.
Current Price	3,075
Intrinsic Value	₹3,883.87
High / Low	4,330/2,951
Stock P/E	34.2
Book Value	714
Dividend Yield	0.52 %
ROCE	22.9 %
ROE	17.6 %
Face Value	1.00
PEG Ratio	2.76

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

Stock P/E Current Price Intrinsic Value

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	4,272 Cr.	991	2,114/903	12.6	487	0.61 %	24.9 %	22.3 %	10.0
Dharmaj Crop Guard Ltd	798 Cr.	236	391/168	16.5	131	0.00 %	12.0 %	9.28 %	10.0
Bhaskar Agrochemicals Ltd	65.7 Cr.	126	149/56.6	10.2	40.0	0.79 %	21.3 %	24.7 %	10.0
Bhagiradha Chemicals & Industries Ltd	2,718 Cr.	208	331/198	112	54.9	0.07 %	7.44 %	4.91 %	1.00
Best Agrolife Ltd	650 Cr.	18.3	35.8/16.3	26.8	22.8	1.09 %	12.9 %	9.95 %	1.00
Industry Average	10,782.75 Cr	1,112.27		28.56	369.00	0.47%	15.21%	19.87%	6.67

All Competitor Stocks of PI Industries Ltd (PIIND)

Quarterly Result

Metric	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	1,770	1,613	1,566	1,910	2,117	1,898	1,741	2,069	2,221	1,901	1,787	1,900	1,872
Expenses	1,338	1,198	1,223	1,443	1,566	1,344	1,299	1,486	1,593	1,389	1,332	1,381	1,331
Operating Profit	432	415	343	468	551	554	442	583	628	512	456	519	541
OPM %	24%	26%	22%	24%	26%	29%	25%	28%	28%	27%	25%	27%	29%
Other Income	33	51	51	52	49	58	60	75	123	76	75	89	85
Interest	11	9	3	4	8	7	11	8	8	8	8	4	3
Depreciation	56	57	58	70	80	78	80	83	80	99	90	96	98
Profit before tax	398	400	332	445	512	526	411	566	663	481	432	507	525
Tax %	16%	12%	16%	14%	6%	15%	10%	21%	23%	22%	24%	21%	22%
Net Profit	335	352	281	383	480	449	370	449	508	373	330	400	409
EPS in Rs	22.07	23.19	18.49	25.24	31.67	29.57	24.35	29.58	33.50	24.57	21.78	26.36	26.98

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

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	1,596	1,940	2,096	2,277	2,277	2,841	3,366	4,577	5,300	6,492	7,666	7,978	7,461
Expenses	1,300	1,558	1,661	1,722	1,781	2,261	2,647	3,559	4,154	4,948	5,636	5,772	5,433
Operating Profit	295	382	435	555	496	580	720	1,018	1,146	1,544	2,030	2,206	2,028
OPM %	19%	20%	21%	24%	22%	20%	21%	22%	22%	24%	26%	28%	27%
Other Income	11	35	34	36	60	58	50	129	105	166	216	345	324
Interest	14	12	12	9	7	7	19	34	16	39	44	56	23
Depreciation	32	50	54	73	83	93	137	175	202	226	308	352	384
Profit before tax	261	355	403	510	466	538	614	938	1,033	1,444	1,895	2,142	1,946
Tax %	28%	31%	23%	10%	21%	24%	26%	21%	18%	15%	11%	22%
Net Profit	188	246	312	459	368	410	457	738	844	1,230	1,682	1,660	1,512
EPS in Rs	13.81	18.00	22.72	33.39	26.66	29.72	33.06	48.66	55.62	81.04	110.83	109.43	99.69
Dividend Payout %	14%	14%	14%	12%	15%	13%	12%	10%	11%	12%	14%	15%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
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

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	14	14	14	14	14	14	14	15	15	15	15	15	15
Reserves	681	883	1,157	1,613	1,911	2,272	2,605	5,327	6,105	7,183	8,716	10,142	10,812
Borrowings	122	115	151	120	83	49	519	373	316	46	191	184	242
Other Liabilities	501	622	626	554	618	820	1,087	1,287	1,354	1,235	1,822	1,908	2,232
Total Liabilities	1,318	1,633	1,949	2,301	2,626	3,155	4,225	7,002	7,791	8,480	10,744	12,249	13,301
Fixed Assets	527	533	874	945	998	1,186	1,858	2,138	2,452	2,606	3,528	4,209	4,443
CWIP	42	133	71	77	90	183	271	288	114	132	278	550	610
Investments	1	1	0	83	161	129	150	872	900	1,016	1,336	1,531	1,352
Other Assets	748	967	1,003	1,196	1,378	1,657	1,946	3,704	4,325	4,726	5,601	5,959	6,896
Total Assets	1,318	1,633	1,949	2,301	2,626	3,155	4,225	7,002	7,791	8,480	10,744	12,249	13,301

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

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	219	184	367	339	319	391	698	725	529	1,501	2,036	1,413
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	-125	350	1,690	-177	-483	-222	-286
Net Cash Flow	24	-15	16	50	33	-56	63	-15	241	522	14	-294

Free Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	173.00	267.00	284.00	435.00	413.00	531.00	201.00	-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

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	59	72	69	68	84	85	70	56	60	43	44	64
Inventory Days	126	124	124	136	141	126	158	149	178	144	124	95
Days Payable	116	116	115	90	115	121	117	113	115	86	119	117
Cash Conversion Cycle	70	80	78	113	110	90	111	93	122	101	49	42
Working Capital Days	41	43	54	72	89	87	70	72	93	70	48	67
ROCE %	36%	41%	36%	34%	25%	25%	23%	22%	17%	22%	24%	23%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	46.09%	46.08%	46.08%	46.09%	46.09%	46.09%	46.09%	46.09%	46.09%	46.09%	46.09%	46.09%
FIIs	18.60%	18.59%	19.17%	20.01%	20.41%	20.26%	18.76%	19.02%	18.46%	18.06%	16.98%	16.42%
DIIs	24.24%	24.06%	23.80%	23.11%	23.00%	24.18%	25.84%	26.21%	27.07%	27.43%	29.21%	30.26%
Government	0.15%	0.15%	0.15%	0.15%	0.15%	0.15%	0.15%	0.15%	0.15%	0.15%	0.15%	0.15%
Public	10.90%	11.10%	10.77%	10.61%	10.34%	9.29%	9.14%	8.54%	8.23%	8.28%	7.58%	7.09%
Others	0.03%	0.03%	0.03%	0.02%	0.02%	0.02%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
No. of Shareholders	1,42,550	1,48,037	1,41,092	1,58,268	1,84,515	1,57,991	1,56,790	1,50,190	1,57,993	1,67,265	1,50,401	1,37,932

Shareholding Pattern Chart

No. of Shareholders

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

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Kotak Midcap Fund	2,893,010	1.54	936.81	2,830,986	2025-12-15 01:56:57	2.19%
ICICI Prudential Balanced Advantage Fund	2,279,017	1.05	737.99	2,182,585	2026-01-26 06:15:58	4.42%
Axis ELSS Tax Saver Fund	1,722,784	1.63	557.87	3,404,158	2025-12-08 03:52:34	-49.39%
Mirae Asset Large & Midcap Fund	1,684,238	1.25	545.39	N/A	N/A	N/A
ICICI Prudential India Opportunities Fund	1,600,794	1.49	518.37	1,559,787	2026-01-26 06:15:58	2.63%
ICICI Prudential Large & Mid Cap Fund	1,414,852	1.65	458.16	1,236,388	2026-01-26 06:15:58	14.43%
ICICI Prudential Flexicap Fund	1,371,976	2.21	444.27	1,366,326	2026-01-26 06:15:58	0.41%
Mirae Asset Midcap Fund	1,136,116	2	367.9	1,080,032	2025-12-15 07:30:04	5.19%
SBI Large Cap Fund	1,130,500	0.66	366.08	N/A	N/A	N/A
Tata Large & Mid Cap Fund	1,059,175	3.95	342.98	1,050,961	2026-01-26 06:15:59	0.78%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	1.00	1.00	1.00	1.00	1.00
Basic EPS (Rs.)	109.44	110.85	81.06	55.65	49.92
Diluted EPS (Rs.)	109.44	110.83	81.04	55.63	49.89
Cash EPS (Rs.)	132.13	130.21	95.34	68.55	59.78
Book Value[Excl.RevalReserv]/Share (Rs.)	668.22	574.41	473.59	402.66	351.47
Book Value[Incl.RevalReserv]/Share (Rs.)	668.22	574.41	473.59	402.66	351.47
Revenue From Operations / Share (Rs.)	524.86	504.33	427.11	348.65	301.12
PBDIT / Share (Rs.)	166.00	146.21	111.91	81.83	74.81
PBIT / Share (Rs.)	142.81	125.93	97.01	68.55	63.31
PBT / Share (Rs.)	140.64	123.96	94.57	67.71	61.45
Net Profit / Share (Rs.)	108.94	109.93	80.44	55.28	48.28
NP After MI And SOA / Share (Rs.)	109.22	110.63	80.89	55.51	48.57
PBDIT Margin (%)	31.62	28.99	26.20	23.47	24.84
PBIT Margin (%)	27.20	24.97	22.71	19.66	21.02
PBT Margin (%)	26.79	24.57	22.14	19.42	20.40
Net Profit Margin (%)	20.75	21.79	18.83	15.85	16.03
NP After MI And SOA Margin (%)	20.81	21.93	18.93	15.92	16.13
Return on Networth / Equity (%)	16.34	19.25	17.07	13.78	13.81
Return on Capital Employeed (%)	20.57	21.14	20.20	16.17	16.75
Return On Assets (%)	13.52	15.62	14.49	10.83	10.54
Long Term Debt / Equity (X)	0.01	0.01	0.00	0.02	0.04
Total Debt / Equity (X)	0.01	0.01	0.00	0.04	0.04
Asset Turnover Ratio (%)	0.69	0.79	0.77	0.69	0.77
Current Ratio (X)	4.02	3.90	4.79	3.68	3.57
Quick Ratio (X)	3.45	3.14	3.61	2.63	2.74
Inventory Turnover Ratio (X)	6.98	2.65	2.42	2.34	2.61
Dividend Payout Ratio (NP) (%)	13.70	10.37	9.24	8.98	8.20
Dividend Payout Ratio (CP) (%)	11.30	8.76	7.80	7.24	6.63
Earning Retention Ratio (%)	86.30	89.63	90.76	91.02	91.80
Cash Earning Retention Ratio (%)	88.70	91.24	92.20	92.76	93.37
Interest Coverage Ratio (X)	76.46	74.08	45.85	97.17	40.32
Interest Coverage Ratio (Post Tax) (X)	51.18	56.70	33.96	66.64	27.02
Enterprise Value (Cr.)	49661.46	56230.52	43769.02	41737.56	32907.06
EV / Net Operating Revenue (X)	6.22	7.34	6.74	7.88	7.19
EV / EBITDA (X)	19.68	25.30	25.73	33.56	28.94
MarketCap / Net Operating Revenue (X)	6.52	7.67	7.09	8.09	7.49
Retention Ratios (%)	86.29	89.62	90.75	91.01	91.79
Price / BV (X)	5.12	6.74	6.39	7.01	6.41
Price / Net Operating Revenue (X)	6.52	7.67	7.09	8.09	7.49
EarningsYield	0.03	0.02	0.02	0.01	0.02

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 February 17, 2026 is: ₹3,456.05

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 February 17, 2026, PI Industries Ltd (PIIND) is Undervalued by 12.39% compared to the current share price ₹3,075.00

Intrinsic Value of PI Industries Ltd (PIIND) as of February 17, 2026 is: ₹3,883.87

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 February 17, 2026, PI Industries Ltd (PIIND) is Undervalued by 26.30% compared to the current share price ₹3,075.00

Last 5 Year EPS CAGR: 12.38%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 27.33%, which is a positive sign. The company has higher reserves (4,569.77 cr) compared to borrowings (193.15 cr), indicating strong financial stability. The company has shown consistent growth in sales (3.77 cr) and profit (314.69 cr) over the years.	The stock has a high average Working Capital Days of 67.17, which may not be favorable. 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: 34.2 (Industry average Stock P/E: 28.56)
  - 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.

INDUSTRY	ADDRESS	CONTACT
Agro Chemicals/Pesticides	Udaisagar Road, Udaipur Rajasthan 313001	Contact not found

Management
Name	Position Held
Mr. Salil Singhal	Chairperson Emeritus
Mr. Narayan K Seshadri	Non Exe. Non Ind Chairperson
Mr. Mayank Singhal	Vice Chairman & Mng.Director
Mr. Rajnish Sarna	Joint Managing Director
Mr. Arvind Singhal	Non Exe.Non Ind.Director
Mr. Rafael Del Rio Donoso	Non Executive Director
Mr. Shobinder Duggal	Independent Director
Ms. Pia Singh	Independent Director
Ms. Lisa J Brown	Independent Director
Mr. T S Balganesh	Independent Director

FAQ

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

PI Industries Ltd (PIIND)'s intrinsic value (as of 17 February 2026) is ₹3883.87 which is 26.30% higher the current market price of ₹3,075.00, indicating undervalued. Calculated using the PE ratio method, this valuation considers the company's ₹46,650 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 46,650 Cr..

What is the current Stock Price of PI Industries Ltd (PIIND) as on 17 February 2026?

The current stock price of PI Industries Ltd (PIIND) as on 17 February 2026 is ₹3,075.

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 34.2.

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 0.52 %.

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.