PI Industries Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- Efficient capital deployment (ROCE 15%)
- Attractively valued vs sector (P/E 28.8x vs industry 37x)
- Virtually debt-free
- Near 52-week low — potential value zone (₹2,005)
Concerns
Today's Price Action
The stock closed at ₹2,055 with no change from the previous session. Trading volume matched the 20‑day average at 2,02,563 shares, indicating that market participation remains typical for the recent fortnight.
Valuation Snapshot
PI Industries Limited trades at a trailing P/E of 28.8, which is higher than the implicit sector benchmark of zero (reflecting the lack of comparable peers with disclosed earnings multiples). The company’s price‑to‑book ratio stands at 0.9, while its return on equity is 11.2%, suggesting modest profitability relative to its capital base.
Key Levels to Watch
The current price sits just above the 52‑week low of ₹2,013 and remains well below the 52‑week high of ₹3,833, positioning the share near the lower end of its annual range. Open‑interest data from nearby options strikes show notable accumulation around the ₹2,050–₹2,100 band, which may act as a short‑term support‑resistance zone.
Chart Pattern
Among the last ten trading days, a Tweezer Bottom candlestick formed two sessions ago and an Inverted Hammer appeared eight sessions ago on the daily chart. Both patterns are bullish in nature, signaling potential reversal zones after prior declines.
Data Summary
Key metrics for the day include a flat closing price of ₹2,055, a volume that aligns with the 20‑day average, a P/E of 28.8, a P/B of 0.9, and an ROE of 11.2%. The stock’s market capitalisation is reported as ₹0 Cr, and it currently trades near its 52‑week low of ₹2,013, well below the 52‑week high of ₹3,833.
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| SOLARINDS Solar Industries India Limited | ₹19,240 | ₹1.7L Cr | 83.4 | 27.72 | 32.6 | 38.1 | 0.17 |
| PIDILITIND Pidilite Industries Limited | ₹1,390 | ₹1.5L Cr | 57.2 | 13.11 | 23.9 | 31 | 0.05 |
| SRF SRF Limited | ₹2,350 | ₹68K Cr | 29 | 4.55 | 14.3 | 14.6 | 0.35 |
| COROMANDEL Coromandel International Limited | ₹— | ₹51K Cr | 27.1 | 4.12 | 16.4 | 22 | 0.11 |
| LINDEINDIA Linde India Limited | ₹— | ₹49K Cr | 89.3 | 15.49 | 13.6 | 18.2 | 0.02 |
| FLUOROCHEM Gujarat Fluorochemicals Limited | ₹— | ₹47K Cr | 75.3 | 5.25 | 7.82 | 9.64 | 0.29 |
| FACT Fertilizers and Chemicals Travancore Limited | ₹— | ₹43K Cr | 2,930 | 41 | 1.61 | 8.65 | 2.79 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
PIIND · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 46.09% | 46.09% | 46.09% | 46.09% | 46.09% | 46.09% |
| FII | 20.41% | 20.26% | 18.76% | 19.02% | 18.46% | 18.06% |
| DII | 23.00% | 24.18% | 25.84% | 26.21% | 27.07% | 27.43% |
| Public | 10.34% | 9.29% | 9.14% | 8.54% | 8.23% | 8.28% |
| Govt | 0.15% | 0.15% | 0.15% | 0.15% | 0.15% | 0.15% |
| Others | 0.02% | 0.02% | 0.01% | 0.01% | 0.01% | 0.01% |
Corporate Events
To consider and approve the financial results for the period ended September 30, 2026
To consider and approve the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026
Dividend - Rs 10 Per Share
To consider and approve the financial results for the period ended March 31, 2026 and recommendation of final dividend on equity shares, if any, for the financial year 2025-26.
Interim Dividend - Rs 5 Per Share
Dividend - Rs 10 Per Share
Interim Dividend - Rs 6 Per Share
Annual General Meeting
Dividend - Rs 9 Per Share
Interim Dividend - Rs 6 Per Share
Latest News
All newsPI Industries shares to trade ex-dividend today
*PI Industries shares to trade ex-dividend today.* The company has published its dividend announcement in line with regulatory requirements. Shareholders registered before the record date will receive **₹2.50 per share** as dividend. Trading begins ex-dividend from today. 📊 *STOCKS:* $PIIND | 🏢 *SECTOR:* Chemicals | #LOWIMPACT #Dividend
PI Industries to host analyst and investor meet
*PI Industries to host analyst and investor meet* to discuss business updates. The event is part of routine investor engagement. No financial figures or strategic shifts were disclosed. 📊 *STOCKS:* $PIIND | 🏢 *SECTOR:* Chemicals | #LOWIMPACT #InvestorMeet
Power & Instrumentation issues newspaper publication notice
*Power & Instrumentation issues newspaper publication notice* as part of regulatory compliance. The company informed the exchange about the publication, a routine corporate disclosure. No financial or operational details were provided. Such filings are standard and do not indicate immediate market-moving developments. 📊 *STOCKS:* $PIIND | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #corporate-filing
PI Industries hosts analyst and investor meet
*PI Industries hosts analyst and investor meet* to discuss business strategy and performance. The company provided updates on operations and future outlook without announcing major financial changes. No immediate policy or earnings-related disclosures were made. 📊 *STOCKS:* PIIND | 🏢 *SECTOR:* Chemicals | #LOWIMPACT #AnalystMeet
Financials
Quarterly Results
| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹1.4K Cr 26.5% | ₹1.9K Cr 1.5% | ₹1.9K Cr 6.3% | ₹1.8K Cr 6.0% | ₹1.9K Cr 14.4% | ₹2.2K Cr 7.3% | ₹2.1K Cr 18.8% | ₹1.7K Cr |
| Op. Profit | ₹302 Cr 44.2% | ₹541 Cr 4.2% | ₹519 Cr 13.8% | ₹456 Cr 10.9% | ₹512 Cr 18.5% | ₹628 Cr 7.7% | ₹583 Cr 31.9% | ₹442 Cr |
| OPM | 22.0% 24.1% | 29.0% 7.4% | 27.0% 8.0% | 25.0% 7.4% | 27.0% 3.6% | 28.0% 0.0% | 28.0% 12.0% | 25.0% |
| Net Profit | ₹311 Cr 24.0% | ₹409 Cr 2.3% | ₹400 Cr 21.2% | ₹330 Cr 11.5% | ₹373 Cr 26.6% | ₹508 Cr 13.1% | ₹449 Cr 21.4% | ₹370 Cr |
| EPS (₹) | 20.52 23.9% | 26.98 2.4% | 26.36 21.0% | 21.78 11.4% | 24.57 26.7% | 33.5 13.3% | 29.58 21.5% | 24.35 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹6.7K Cr 15.8% | ₹8.0K Cr 4.1% | ₹7.7K Cr 18.1% | ₹6.5K Cr 22.5% | ₹5.3K Cr 15.8% | ₹4.6K Cr 36.0% | ₹3.4K Cr 18.5% | ₹2.8K Cr 24.8% | ₹2.3K Cr 0.0% | ₹2.3K Cr |
| Expenses | ₹5.0K Cr 13.7% | ₹5.8K Cr 2.4% | ₹5.6K Cr 13.9% | ₹4.9K Cr 19.1% | ₹4.2K Cr 16.7% | ₹3.6K Cr 34.5% | ₹2.6K Cr 17.1% | ₹2.3K Cr 27.0% | ₹1.8K Cr 3.4% | ₹1.7K Cr |
| Op. Profit | ₹1.7K Cr 21.5% | ₹2.2K Cr 8.7% | ₹2.0K Cr 31.5% | ₹1.5K Cr 34.7% | ₹1.1K Cr 12.6% | ₹1.0K Cr 41.4% | ₹720 Cr 24.1% | ₹580 Cr 16.9% | ₹496 Cr 10.6% | ₹555 Cr |
| OPM | 26.0% 7.1% | 28.0% 7.7% | 26.0% 8.3% | 24.0% 9.1% | 22.0% 0.0% | 22.0% 4.8% | 21.0% 5.0% | 20.0% 9.1% | 22.0% 8.3% | 24.0% |
| Other Income | ₹414 Cr 20.0% | ₹345 Cr 59.7% | ₹216 Cr 30.1% | ₹166 Cr 58.1% | ₹105 Cr 18.6% | ₹129 Cr 158.0% | ₹50 Cr 13.8% | ₹58 Cr 3.3% | ₹60 Cr 66.7% | ₹36 Cr |
| Interest | ₹43 Cr 23.2% | ₹56 Cr 27.3% | ₹44 Cr 12.8% | ₹39 Cr 143.8% | ₹16 Cr 52.9% | ₹34 Cr 78.9% | ₹19 Cr 171.4% | ₹7 Cr 0.0% | ₹7 Cr 22.2% | ₹9 Cr |
| Depreciation | ₹407 Cr 15.6% | ₹352 Cr 14.3% | ₹308 Cr 36.3% | ₹226 Cr 11.9% | ₹202 Cr 15.4% | ₹175 Cr 27.7% | ₹137 Cr 47.3% | ₹93 Cr 12.0% | ₹83 Cr 13.7% | ₹73 Cr |
| PBT | ₹1.7K Cr 20.8% | ₹2.1K Cr 13.0% | ₹1.9K Cr 31.2% | ₹1.4K Cr 39.8% | ₹1.0K Cr 10.1% | ₹938 Cr 52.8% | ₹614 Cr 14.1% | ₹538 Cr 15.5% | ₹466 Cr 8.6% | ₹510 Cr |
| Tax % | 22.0% 0.0% | 22.0% 100.0% | 11.0% 26.7% | 15.0% 16.7% | 18.0% 14.3% | 21.0% 19.2% | 26.0% 8.3% | 24.0% 14.3% | 21.0% 110.0% | 10.0% |
| Net Profit | ₹1.3K Cr 20.4% | ₹1.7K Cr 1.3% | ₹1.7K Cr 36.7% | ₹1.2K Cr 45.7% | ₹844 Cr 14.4% | ₹738 Cr 61.5% | ₹457 Cr 11.5% | ₹410 Cr 11.4% | ₹368 Cr 19.8% | ₹459 Cr |
| EPS (₹) | 87.06 20.4% | 109.43 1.3% | 110.83 36.8% | 81.04 45.7% | 55.62 14.3% | 48.66 47.2% | 33.06 11.2% | 29.72 11.5% | 26.66 20.2% | 33.39 |
| Div Payout | 17.0% 13.3% | 15.0% 7.1% | 14.0% 16.7% | 12.0% 9.1% | 11.0% 10.0% | 10.0% 16.7% | 12.0% 7.7% | 13.0% 13.3% | 15.0% 25.0% | 12.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
Liabilities | ||||||||||
| Equity Capital | ₹15 Cr 0.0% | ₹15 Cr 0.0% | ₹15 Cr 0.0% | ₹15 Cr 0.0% | ₹15 Cr 0.0% | ₹15 Cr 7.1% | ₹14 Cr 0.0% | ₹14 Cr 0.0% | ₹14 Cr 0.0% | ₹14 Cr |
| Reserves | ₹10.8K Cr 6.6% | ₹10.1K Cr 16.4% | ₹8.7K Cr 21.3% | ₹7.2K Cr 17.7% | ₹6.1K Cr 14.6% | ₹5.3K Cr 104.5% | ₹2.6K Cr 14.7% | ₹2.3K Cr 18.9% | ₹1.9K Cr 18.5% | ₹1.6K Cr |
| Borrowings | ₹242 Cr 31.5% | ₹184 Cr 3.7% | ₹191 Cr 315.2% | ₹46 Cr 85.4% | ₹316 Cr 15.3% | ₹373 Cr 28.1% | ₹519 Cr 959.2% | ₹49 Cr 41.0% | ₹83 Cr 30.8% | ₹120 Cr |
| Other Liabilities | ₹2.2K Cr 17.0% | ₹1.9K Cr 4.7% | ₹1.8K Cr 47.5% | ₹1.2K Cr 8.8% | ₹1.4K Cr 5.2% | ₹1.3K Cr 18.4% | ₹1.1K Cr 32.6% | ₹820 Cr 32.7% | ₹618 Cr 11.6% | ₹554 Cr |
| Total Liabilities | ₹13.3K Cr 8.6% | ₹12.2K Cr 14.0% | ₹10.7K Cr 26.7% | ₹8.5K Cr 8.8% | ₹7.8K Cr 11.3% | ₹7.0K Cr 65.7% | ₹4.2K Cr 33.9% | ₹3.2K Cr 20.1% | ₹2.6K Cr 14.1% | ₹2.3K Cr |
Assets | ||||||||||
| Fixed Assets | ₹4.4K Cr 5.6% | ₹4.2K Cr 19.3% | ₹3.5K Cr 35.4% | ₹2.6K Cr 6.3% | ₹2.5K Cr 14.7% | ₹2.1K Cr 15.1% | ₹1.9K Cr 56.7% | ₹1.2K Cr 18.8% | ₹998 Cr 5.6% | ₹945 Cr |
| CWIP | ₹610 Cr 10.9% | ₹550 Cr 97.8% | ₹278 Cr 110.6% | ₹132 Cr 15.8% | ₹114 Cr 60.4% | ₹288 Cr 6.3% | ₹271 Cr 48.1% | ₹183 Cr 103.3% | ₹90 Cr 16.9% | ₹77 Cr |
| Investments | ₹1.4K Cr 11.7% | ₹1.5K Cr 14.6% | ₹1.3K Cr 31.5% | ₹1.0K Cr 12.9% | ₹900 Cr 3.2% | ₹872 Cr 481.3% | ₹150 Cr 16.3% | ₹129 Cr 19.9% | ₹161 Cr 94.0% | ₹83 Cr |
| Other Assets | ₹6.9K Cr 15.7% | ₹6.0K Cr 6.4% | ₹5.6K Cr 18.5% | ₹4.7K Cr 9.3% | ₹4.3K Cr 16.8% | ₹3.7K Cr 90.3% | ₹1.9K Cr 17.4% | ₹1.7K Cr 20.2% | ₹1.4K Cr 15.2% | ₹1.2K Cr |
| Total Assets | ₹13.3K Cr 8.6% | ₹12.2K Cr 14.0% | ₹10.7K Cr 26.7% | ₹8.5K Cr 8.8% | ₹7.8K Cr 11.3% | ₹7.0K Cr 65.7% | ₹4.2K Cr 33.9% | ₹3.2K Cr 20.1% | ₹2.6K Cr 14.1% | ₹2.3K Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹1.4K Cr 30.6% | ₹2.0K Cr 35.6% | ₹1.5K Cr 183.7% | ₹529 Cr 27.0% | ₹725 Cr 3.9% | ₹698 Cr 78.5% | ₹391 Cr 22.6% | ₹319 Cr 5.9% | ₹339 Cr 7.6% | ₹367 Cr |
| Investing CF | ₹-1.4K Cr 21.1% | ₹-1.8K Cr 262.9% | ₹-496 Cr 350.9% | ₹-110 Cr 95.5% | ₹-2.4K Cr 146.7% | ₹-985 Cr 205.9% | ₹-322 Cr 78.9% | ₹-180 Cr 23.4% | ₹-235 Cr 22.4% | ₹-303 Cr |
| Financing CF | ₹-286 Cr 28.8% | ₹-222 Cr 54.0% | ₹-483 Cr 172.9% | ₹-177 Cr 110.5% | ₹1.7K Cr 382.9% | ₹350 Cr 380.0% | ₹-125 Cr 17.9% | ₹-106 Cr 100.0% | ₹-53 Cr 10.4% | ₹-48 Cr |
| Net Cash Flow | ₹-294 Cr 2200.0% | ₹14 Cr 97.3% | ₹522 Cr 116.6% | ₹241 Cr 1706.7% | ₹-15 Cr 123.8% | ₹63 Cr 212.5% | ₹-56 Cr 269.7% | ₹33 Cr 34.0% | ₹50 Cr 212.5% | ₹16 Cr |
| Free Cash Flow | ₹575 Cr 59.4% | ₹1.4K Cr 20.2% | ₹1.2K Cr 514.1% | ₹192 Cr 33.1% | ₹287 Cr 889.7% | ₹29 Cr 26.1% | ₹23 Cr 84.7% | ₹150 Cr 24.2% | ₹198 Cr 312.5% | ₹48 Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 64d 45.5% | 44d 2.3% | 43d 28.3% | 60d 7.1% | 56d 20.0% | 70d 17.6% | 85d 1.2% | 84d 23.5% | 68d 1.4% | 69d |
| Inventory Days | 95d 23.4% | 124d 13.9% | 144d 19.1% | 178d 19.5% | 149d 5.7% | 158d 25.4% | 126d 10.6% | 141d 3.7% | 136d 9.7% | 124d |
| Days Payable | 117d 1.7% | 119d 38.4% | 86d 25.2% | 115d 1.8% | 113d 3.4% | 117d 3.3% | 121d 5.2% | 115d 27.8% | 90d 21.7% | 115d |
| Cash Conv. Cycle | 42d 14.3% | 49d 51.5% | 101d 17.2% | 122d 31.2% | 93d 16.2% | 111d 23.3% | 90d 18.2% | 110d 2.7% | 113d 44.9% | 78d |
| Working Capital Days | 67d 39.6% | 48d 31.4% | 70d 24.7% | 93d 29.2% | 72d 2.9% | 70d 19.5% | 87d 2.2% | 89d 23.6% | 72d 33.3% | 54d |
| ROCE | 23.0% 4.2% | 24.0% 9.1% | 22.0% 29.4% | 17.0% 22.7% | 22.0% 4.3% | 23.0% 8.0% | 25.0% 0.0% | 25.0% 26.5% | 34.0% 5.6% | 36.0% |
Source: Screener.in · Lower days = better efficiency
Deep Dive Analysis
About PI Industries Limited
PI Industries Ltd is a leading player in the agro-chemicals space having strong presence in both Domestic and Export markets. It has state-of-art facilities in Gujarat having integrated process development teams with in-house engineering capabilities.[1]
ChemicalsFertilizers & Agrochemicals