PI Industries
Market cap ₹30,645 Cr
- P/E
- 26.30
- Day range
- ₹2,006.70 – ₹2,061.50
- 52-week range
- ₹2,006.70 – ₹3,832.90
- Volume
- 4.46 L
- Open
- ₹2,051.00
- Prev close
- ₹2,051.00
Latest results · Q1 FY27(consolidated)Revenue ₹1,702 Cr-10.4%Profit ₹244 Cr-39.0%Margin 14.3%YoY vs the same quarter last year
No red flags in exchange filings: no rising pledge, promoter selling, surveillance or critical filing on record.
PIIND in NSE indices and F&O
F&O margin for one lot of PIIND (175 shares)Research profile
Composite 40 / 100Factor percentiles
Derived metrics
- Earn. yield
- 3.8%
- Graham no.
- ₹1,080.65
- vs Graham
- -46.5%
- ROE ÷ P/B
- 4.5%
- 12-1 mom.
- -32.2%
- Return / vol
- -1.46
- Magic Formula
- #307
- Piotroski
- 2/6
- FCF yield
- -2.1%
Appears in 11 scans
Percentiles rank this stock against the other tracked stocks and change as they do. Scans describe where figures sit today. Hover a label for its definition. Not investment advice.
Peer comparison
All 44 in Chemicals| Company | M-cap | P/E | P/B | ROE | ROCE | OPM | D/E | Sales YoY |
|---|---|---|---|---|---|---|---|---|
| Solar IndustriesSOLARINDS | ₹1.69 L Cr | 84.90 | 26.46 | 32.5% | 38.0% | 28.0% | 0.24 | +70.3% |
| Pidilite IndustriesPIDILITIND | ₹1.51 L Cr | 56.89 | 14.04 | 24.0% | 31.0% | 26.0% | 0.04 | +21.3% |
| SRF LtdSRF | ₹69,359 Cr | 30.39 | 4.48 | 13.8% | 15.0% | 19.0% | 0.35 | +34.7% |
| Coromandel InternationalCOROMANDEL | ₹50,979 Cr | 27.86 | 4.03 | 16.1% | 22.0% | 9.0% | 0.12 | +15.9% |
| Linde IndiaLINDEINDIA | ₹48,036 Cr | 87.93 | 11.45 | 13.6% | 18.0% | 29.0% | 0.02 | +21.5% |
| Gujarat FluorochemicalsFLUOROCHEM | ₹46,105 Cr | 75.37 | 5.92 | 7.6% | 10.0% | 27.0% | 0.35 | +24.0% |
| Fertilisers and Chemicals TravancoreFACT | ₹43,655 Cr | — | 31.65 | 3.0% | 9.0% | -2.7% | 2.79 | +65.2% |
| PI IndustriesPIIND | ₹30,645 Cr | 26.30 | 2.77 | 12.4% | 15.0% | 22.0% | 0.03 | -10.4% |
| Sector median | ₹12,956 Cr | 30.77 | 3.06 | 9.9% | 12.0% | 18.5% | 0.25 | +21.4% |
Sector as classified in the tracked universe; medians use every tracked Chemicals company, and P/E only profitable ones. Tinted figures beat the median.
Latest news
Updated 7d agoHeadlines about PI Industries from the last two weeks in the financial press. Stories belong to their publishers; Parasram India does not endorse them.
Key metrics
- P/E (TTM)
- 28.4
- EPS (TTM)
- ₹76.79
- Price / Book
- 2.73
- ROE (FY26)
- 12.4%
- ROCE (latest year)
- 15%
- Dividend yield
- 0.74%
Moving averages (NSE)
- 20-day
- ₹2,207.1
- Price below
- 50-day
- ₹2,332.99
- Price below
- 200-day
- ₹2,787.86
- Price below
Charts & trends
From company filings. Amounts in ₹ crore.
Revenue, profit & margin - quarterly
₹ crore; a loss shows red. Operating margin below, same periods.
- Revenue
- Net profit
Operating margin
Who owns the company
% of equity by quarter, latest Sept 2026
- Promoter
- DII
- FII
- Public
- Government
- Others
Cash flows
Where cash came from and went, by fiscal year (₹ crore)
- Operating
- Investing
- Financing
- Free cash flow
Return on equity
Net profit over shareholders' equity, by fiscal year
Equity vs debt
Shareholders' equity against borrowings (₹ crore); the ratio below, same years.
- Equity
- Debt
Debt to equity
Dividends per share
₹ by fiscal year of the ex-date; the latest year runs to date.
Financial statements
| Line item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,117 | 1,898 | 1,741 | 2,069 | 2,221 | 1,901 | 1,787 | 1,900 | 1,872 | 1,376 | 1,565 | 1,702 |
| Expenses | 1,566 | 1,344 | 1,299 | 1,486 | 1,593 | 1,389 | 1,332 | 1,381 | 1,331 | 1,073 | 1,228 | 1,335 |
| Operating Profit | 551 | 554 | 442 | 583 | 628 | 512 | 456 | 519 | 541 | 302 | 337 | 367 |
| OPM % | 26% | 29% | 25% | 28% | 28% | 27% | 25% | 27% | 29% | 22% | 22% | 22% |
| Other Income | 49 | 58 | 60 | 75 | 123 | 76 | 75 | 89 | 85 | 172 | 74 | 66 |
| Interest | 8 | 7 | 11 | 8 | 8 | 8 | 8 | 4 | 3 | 6 | 4 | 8 |
| Depreciation | 80 | 78 | 80 | 83 | 80 | 99 | 90 | 96 | 98 | 105 | 107 | 104 |
| Profit before tax | 512 | 526 | 411 | 566 | 663 | 481 | 432 | 507 | 525 | 363 | 300 | 322 |
| Tax % | 6% | 15% | 10% | 21% | 23% | 22% | 24% | 21% | 22% | 14% | 33% | 24% |
| Net Profit | 480 | 449 | 370 | 449 | 508 | 373 | 330 | 400 | 409 | 311 | 200 | 244 |
| EPS in Rs | ₹31.67 | ₹29.57 | ₹24.35 | ₹29.58 | ₹33.50 | ₹24.57 | ₹21.78 | ₹26.36 | ₹26.98 | ₹20.52 | ₹13.20 | ₹16.10 |
From company filings, updated 27 Oct 2026. Consolidated figures where the company reports them. Information only, not investment advice.
Working-capital cycle
+32 days since Mar 2021
+8 days since Mar 2021
+12 days since Mar 2021
+26 days since Mar 2021
+48 days since Mar 2021
Strengths, risks & growth
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]
Strengths
- Company is almost debt free.
Risks
- The company has delivered a poor sales growth of 7.96% over past five years.
- Debtor days have increased from 65.4 to 87.6 days.
- Working capital days have increased from 78.5 days to 120 days
Compounded Sales Growth
- 10 Years
- +12%
- 5 Years
- +8%
- 3 Years
- +1%
- TTM
- -17%
Compounded Profit Growth
- 10 Years
- +14%
- 5 Years
- +10%
- 3 Years
- -1%
- TTM
- -33%
Stock Price CAGR
- 10 Years
- +9%
- 5 Years
- -7%
- 3 Years
- -15%
- 1 Year
- -44%
Return on Equity
- 10 Years
- +17%
- 5 Years
- +16%
- 3 Years
- +16%
- Last Year
- +11%
Strengths and risks are a machine-generated checklist, not advice; growth is compounded annually over each period.
Shareholding pattern
| Holder | Dec 2025 | Mar 2026 | Jun 2026 | Sept 2026 | Change |
|---|---|---|---|---|---|
| Promoter | 46.09% | 46.09% | 46.09% | 46.09% | 0.00 pp |
| FII | 15.97% | 15.87% | 14.83% | 14.79% | -0.04 pp |
| DII | 30.94% | 31.20% | 31.50% | 31.39% | -0.11 pp |
| Government | 0.15% | 0.15% | 0.15% | 0.15% | 0.00 pp |
| Public | 6.85% | 6.69% | 7.44% | 7.60% | +0.16 pp |
| Others | 0.01% | 0.01% | 0.01% | 0.01% | 0.00 pp |
Filed with NSE for Sept 2026: promoters 46.09%, public 53.91% · XBRL filing
Analysts & fund holdings
Who holds the shares, quarter by quarter
Mutual funds 22.18% (-0.13 pp)- Promoters46.1%
- Foreign institutions14.8%
- Mutual funds22.2%
- Insurance8.0%
- Other domestic institutions1.3%
- Retail5.1%
- Others2.5%
| Fund | % of company | % of fund | 3-month change |
|---|---|---|---|
| Kotak Mid Cap Fund | 1.98% | 0.99% | -0.19 pp |
| SBI Large Cap Fund | 1.58% | 1.00% | -0.05 pp |
| ICICI Pru India Opp Fund | 1.47% | 1.27% | -0.11 pp |
| ICICI Pru Large & Mid Cap Fund | 1.35% | 1.42% | -0.07 pp |
| Mirae Asset Large & Midcap Fund | 1.28% | 0.99% | +0.07 pp |
Scorecard
- Performance
- Low
- Valuation
- High
- Growth
- Low
- Profitability
- High
- Entry point
- Good
- Red flags
- Low
Analyst coverage, holdings and scorecard from market data; not a recommendation by Parasram India.
Risk & trend
From 275 daily sessions to 23 Oct 2026.
Risk
- Volatility (1Y)
- 28.9%
- Downside volatility
- 31.8%
- Worst 5% of days
- 3.3%
- Average of that tail
- 4.9%
- Max drawdown (1Y)
- 46.3%
- Below its peak
- 46.3%
Against the market
- Beta vs Nifty 50
- 0.94
- Correlation
- 0.43
- Relative strength (3M)
- -19.9%
- ATR (14)
- 3.1%
Return
- Return 1M
- -14.9%
- Return 3M
- -25.2%
- Return 6M
- -32.9%
- Return 1Y
- -42.3%
- vs 200-day average
- -26.4%
Momentum
- RSI (14)
- 30.7
- MACD histogram
- -5.46
- Stochastic %K
- 13.8
- ADX (14)
- 31.8
- +DI / −DI
- 13.3 / 35.6
- Money flow index
- 19.6
Participation
- Delivery (20d avg)
- 47.5%
- vs its 60-day baseline
- +0.3 pts
- Volume vs 20-day
- +0.1σ
- Close vs day's VWAP
- +0.8%
- 52-week position
- 0 / 100
These describe what this stock's price has already done. They are not forecasts, signals or recommendations, and a dash means the figure was withheld for want of enough history rather than being zero.
Financial quality
From consolidated statements to 31 Mar 2026.
Piotroski F-Score
2 of 6 tested
- Return on assets positive — passed
- Operating cash flow positive — not testableno cash flow statement for this period
- Return on assets improving — failed
- Cash flow exceeds profit — not testableneeds cash flow and profit against assets
- Debt to assets falling — failed
- Current ratio improving — passed
- No new equity issued — not testableno share count is collected, and financing cash flow mixes equity with debt
- Operating margin improving — failed
- Asset turnover improving — failed
- Free cash flow
- -₹644 Cr
- FCF yield
- -2.1%
- Cash conversion
- 0.36
- Accruals ratio
- 0.063
- Net debt
- ₹59 Cr
- Net debt / equity
- 0.01
- EV / sales
- 4.78
- Capex intensity
- 16.6%
- Revenue CAGR
- -12.4%
- Profit CAGR
- -39.4%
Computed from filed statements, not filed themselves. A dash means an input was absent, and the score counts only the criteria that could actually be tested.
Insider trades
| Person | Type | Shares | Value | Disclosed |
|---|---|---|---|---|
Bhavina J Dholariya Immediate Relative · Market Sale | Sell | 500 | ₹12.1 L | 23 Sept 2026 |
Jayesh Dholariya Designated Person · Gift | Sell | 1,500 | ₹37.3 L | 25 Aug 2026 |
Jayesh Dholariya Designated Person · Gift | Sell | 1,500 | ₹37.3 L | 25 Aug 2026 |
Disclosures filed with NSE under SEBI (Prohibition of Insider Trading) Regulations. Pledges and releases are not trades and are not counted above.
Corporate actions
- dividend₹10.00
Dividend - Rs 10 Per Share
7 Aug 2026ex-date - dividend₹5.00
Interim Dividend - Rs 5 Per Share
23 Feb 2026ex-date - dividend₹10.00
Dividend - Rs 10 Per Share
7 Aug 2025ex-date - dividend₹6.00
Interim Dividend - Rs 6 Per Share
14 Feb 2025ex-date - dividend₹9.00
Dividend - Rs 9 Per Share
20 Aug 2024ex-date - otherNot available — not reported in this filing
Annual General Meeting
20 Aug 2024ex-date - dividend₹6.00
Interim Dividend - Rs 6 Per Share
21 Feb 2024ex-date - dividend₹5.50
Annual General Meeting/Dividend - Rs 5.50 Per Share
11 Aug 2023ex-date - dividend₹4.50
Interim Dividend - Rs 4.5 Per Share
24 Feb 2023ex-date - dividend₹3.00
Annual General Meeting/Dividend - Rs 3 Per Share
25 Aug 2022ex-date - dividend₹3.00
Interim Dividend - Rs 3 Per Share
14 Feb 2022ex-date - dividend₹2.00
Annual General Meeting/Dividend - Rs 2 Per Share
6 Sept 2021ex-date - dividend₹3.00
Interim Dividend - Rs 3 Per Share
11 Feb 2021ex-date - dividendNot available — not reported in this filing
Annual General Meeting/Dividend - Re 1 Per Share
17 Sept 2020ex-date - dividend₹3.00
Interim Dividend - Rs 3 Per Share
24 Feb 2020ex-date - dividend₹1.50
Annual General Meeting/Dividend - Rs 1.5 Per Share
29 Aug 2019ex-date - dividend₹2.50
Interim Dividend - Rs 2.50 Per Share
9 Nov 2018ex-date - dividend₹2.50
Annual General Meeting/Dividend- Rs 2.50 Per Share
30 Jul 2018ex-date - dividend₹1.50
Interim Dividend - Rs 1.50 Per Share
9 Nov 2017ex-date - dividend₹2.50
Annual General Meeting/Dividend - Rs 2.50 Per Share
30 Aug 2017ex-date
Company announcements
Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended September 30, 2026.
Copy of Newspaper Publication
Intimation for Closure of Trading Window
Intimation under regulation 30 of SEBI (LODR) Regulations, 2015
Intimation for interaction with Analysts/ Investor(s)
Intimation for interaction with Analysts/ Investor(s)
Intimation for interaction with Kotak Mutual Fund
Intimation for interaction with Aberdeen
Intimation for interaction with Fortitude Fund Management LLP
Intimation for interaction with ITUS Capital
Intimation for interaction with Awriga Capital
Intimation for interaction with Analysts/ Investor(s) with Quest Investments
Intimation for interaction with Kotak Mahindra Asset Management Company
Transcript of the Earnings Conference Call pertaining to the Unaudited Financial Results for the quarter ended June 30, 2026
Voting results of the 79th Annual General Meeting of the Company held on August 14, 2026, along with the Scrutinizer's Report.
Filed with BSE (scrip 523642); the last 45 days. Documents open at bseindia.com.
SEBI filings & orders
From SEBI's website. An order may concern the company, its officers or trading in its shares, and may be under appeal - read the order itself. Personal identifiers are withheld.
Regulatory orders
- Order
Exemption Order under Regulation 11 of SEBI (SAST) Regulations, 2011 in the matter of PI Industries Limited
14 Aug 2024Read on SEBI - Order
Order against PI Industries Limited
30 Aug 2002Read on SEBI
Documents
Annual reports
Earnings calls
- Aug 2026TranscriptSlidesRecording
- May 2026TranscriptSlidesRecording
- Feb 2026TranscriptSlidesRecording
- Nov 2025TranscriptSlidesRecording
- Aug 2025TranscriptSlidesRecording
- May 2025TranscriptSlidesRecording
Credit ratings
- Rating update · 21 Jul from crisil
- Rating update · 24 Apr 2025 from crisil
- Rating update · 30 Jan 2024 from crisil
- Rating update · 2 Nov 2022 from crisil
- Rating update · 10 Aug 2021 from crisil
- Rating update · 30 Jul 2020 from crisil
Documents open at BSE or the rating agency that issued them.
Sourced from the company's NSE XBRL filing dated 12 Aug 2026 (unaudited). View the source filing. Figures are as filed and are not investment advice.
PI Industries: common questions
Answered from the figures on this page.
