PI Industries Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- ✓Attractively valued vs sector (P/E 33.5x vs industry 43.1x)
- ✓Virtually debt-free
- ✓Near 52-week low — potential value zone (₹2,657)
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| SOLARINDS Solar Industries India Limited | ₹18,415 | ₹1.7L Cr | 99.2 | 26.53 | 31.5 | 36.8 | 0.17 |
| PIDILITIND Pidilite Industries Limited | ₹1,474 | ₹1.5L Cr | 60.2 | 13.9 | 23.9 | 31 | 0.05 |
| SRF SRF Limited | ₹2,702 | ₹81K Cr | 42.8 | 5.7 | 14.3 | 14.6 | 0.35 |
| LINDEINDIA Linde India Limited | ₹7,011 -0.83% | ₹59K Cr | 108 | 15.49 | 13.6 | 18.2 | 0.02 |
| FACT Fertilizers and Chemicals Travancore Limited | ₹867 +0.16% | ₹56K Cr | 3,803 | 41 | 1.61 | 8.65 | 2.79 |
| UPL UPL Limited | ₹637 | ₹54K Cr | 28.7 | 1.55 | 5.91 | 10.2 | 0.94 |
| COROMANDEL Coromandel International Limited | ₹1,797 +1.92% | ₹52K Cr | 25.9 | 4.12 | 17 | 22.8 | 0.11 |
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 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
Dividend - Rs 9 Per Share
Annual General Meeting
Interim Dividend - Rs 6 Per Share
Annual General Meeting/Dividend - Rs 5.50 Per Share
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 ▼13.1% | ₹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 ▼22.9% | ₹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 | 25.0% ▼10.7% | 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 | ₹420 Cr ▲21.7% | ₹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 | ₹16 Cr ▼71.4% | ₹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]
Chemicals · Fertilizers & Agrochemicals