PI Industries Ltd
NSE: PIIND · Pesticides & Agrochemicals · sector
₹2,020.00NSE close 2026-10-26
Key numbers
Market cap₹30,704 cr
Price₹2,020.00
52w high / low₹3,833 / ₹2,020
P/E26.3xSector median 18.3x
P/B2.7xSector median 1.8x
Book value₹738.9
Dividend yield0.74%Sector median 0.55%
ROE10.5%Sector median 9.3%
ROCE13.3%Sector median 12.4%
OPM25.3%Sector median 10.4%
Debt / equity0.02xSector median 0.34x
EV/EBITDA16.6xSector median 10.8x
Interest cover74.8x
Current ratio4.22x
Sales growth 3y+1.1%Sector median +1.7%
Profit growth 3y+1.9%Sector median +2.3%
PEG10.92x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 29 companies in Pesticides & Agrochemicals (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹3,509 cr vs borrowings ₹238 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 74.8x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 3 of the last 5 years (FY26, FY25, FY22).
- Revenue was higher than a year earlier in 0 of the last 4 quarters.
- Other income was 26% of net profit in the last 12 months.
- Debtor days went from 52 (FY24) to 126 (FY26).
- Dividend paid in 5 of the last 5 financial years.
- Price ₹2,020.00 on 2026-10-26: -47.3% from the 52-week high, 0.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹4,689.65 · low ₹2,020.00
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,221 | 1,901 | 1,787 | 1,900 | 1,872 | 1,376 | 1,565 | 1,702 |
| EBITDA | 628 | 512 | 456 | 519 | 541 | 407 | 335 | 367 |
| OPM % | 28.3% | 26.9% | 25.5% | 27.3% | 28.9% | 29.6% | 21.4% | 21.6% |
| Other income | 122 | 76 | 73 | 86 | 82 | 67 | 76 | 64 |
| Net profit | 499 | 318 | 378 | 443 | 378 | 311 | 160 | 276 |
| EPS (₹) | 33.51 | 24.55 | 21.79 | 26.37 | 26.98 | 20.52 | 13.20 | 16.10 |
| Revenue YoY | -15.7% | -27.6% | -12.4% | -10.4% | ||||
| Profit YoY | -24.2% | -2.0% | -57.8% | -37.7% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 5,300 | 6,492 | 7,666 | 7,978 | 6,714 | 6,516 |
| EBITDA | 1,142 | 1,542 | 2,015 | 2,179 | 1,803 | 1,651 |
| Net profit | 844 | 1,230 | 1,682 | 1,650 | 1,300 | 1,125 |
| EPS (₹) | 55.65 | 81.06 | 110.85 | 109.44 | 87.06 | 76.80 |
| Revenue growth | +22.5% | +18.1% | +4.1% | -15.8% | -16.6% | |
| Profit growth | +45.7% | +36.8% | -1.9% | -21.2% | -31.3% | |
| Dividend / share (₹) | 5.00 | 7.50 | 11.50 | 15.00 | 15.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +1.1% | +8.0% | -16.6% |
| Net profit | +1.9% | +10.0% | -31.3% |
| EPS | +2.4% | +11.8% | – |
| Share price | – | -30.9% (2y) | -40.4% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 7,198 | 8,731 | 10,157 | 11,230 |
| Borrowings | – | 0 | 128 | 112 | 238 |
| Cash & equivalents | – | 3,227 | 3,950 | 3,759 | 3,509 |
| Total assets | – | 8,480 | 10,764 | 12,277 | 13,444 |
| Fixed assets | – | 2,494 | 2,954 | 3,318 | 3,678 |
| Capital work in progress | – | 62 | 173 | 384 | 755 |
| Investments | – | 6 | 57 | 234 | 2 |
| Receivables | – | 838 | 1,091 | 1,833 | 2,320 |
| Inventory | – | 1,398 | 1,301 | 984 | 1,217 |
| Payables | – | 838 | 1,148 | 1,210 | 974 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 529 | 1,501 | 2,036 | 1,413 | 474 |
| Cash from investing | -110 | -496 | -1,800 | -1,424 | -614 |
| Cash from financing | -177 | -483 | -222 | -286 | -171 |
| Capex | 337 | 326 | 620 | 850 | 1,118 |
| Free cash flow | 192 | 1,175 | 1,416 | 563 | -644 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 17.1% | 19.3% | 16.2% | 11.6% |
| ROCE % | – | 20.5% | 21.6% | 21.1% | 14.9% |
| Debtor days | – | 47 | 52 | 84 | 126 |
| Inventory days | – | 144 | 124 | 95 | 157 |
| Payable days | – | 86 | 109 | 117 | 125 |
| Cash conversion cycle (days) | – | 105 | 67 | 62 | 158 |
| Working capital days | – | 252 | 237 | 239 | 311 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 46.09% |
| FIIs | 14.78% |
| DIIs | 31.52% |
| of which Mutual funds | 22.18% |
| of which Insurance | 8.02% |
| Government | 0.00% |
| Public (non-institutions) | 7.60% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 46.09% | 46.09% | 46.09% | 46.09% | 46.09% | 46.09% | 46.09% | 46.09% |
| Promoter group | % |
|---|---|
| Mayank Singhal | 20.45% |
| Madhu Singhal | 9.42% |
| SHEFALI KHUSHALANI JOINTLY WITH MADHU SINGHAL(Trustees of Domane Family Trust) | 4.05% |
| SHEFALI KHUSHALANI JOINTLY WITH MADHU SINGHAL(Trustees of Rcane Family Trust) | 4.05% |
| POOJA SINGHAL JOINTLY WITH SHEFALI KHUSHALANI(Trustees of Beta Family Trust) | 4.05% |
| POOJA SINGHAL JOINTLY WITH SHEFALI KHUSHALANI(Trustees of Alpha Family Trust) | 4.05% |
| Salil Singhal | 0.00% |
| Pooja Singhal | 0.00% |
| SALIL SINGHAL (Trustee in SVVK Family Benefit Trust) | 0.00% |
| Shefali Khushalani | 0.00% |
| Public holders above 1% | % |
|---|---|
| ICICI Prudential MID CAP Fund | 7.35% |
| Lici Ulip-growth Fund | 7.01% |
| Mirae Asset Midcap Fund | 2.61% |
| SBI Conservative Hybrid Fund | 2.57% |
| Kotak Mahindra Trustee Co Ltd A/C Kotak Nifty Midc | 2.18% |
| Axis Mutual Fund Trustee Limited A/C Axis Mutual F | 1.78% |
| Tata MID CAP Fund | 1.23% |
| NPS Trust A/C UTI Pension Fund Limited-scheme Cent | 1.14% |
1,46,689 shareholders. Pledged: 0.00% of promoter shares.
Peers in Pesticides & Agrochemicals
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| UPL | ₹42,056 cr | 20.6x | 1.2x | 6.3% | 11.9% | 17.8% | -1.1% | 1.16% |
| PIIND | ₹30,704 cr | 26.3x | 2.7x | 10.5% | 13.3% | 25.3% | +1.1% | 0.74% |
| SUMICHEM | ₹17,685 cr | 30.5x | 5.2x | 18.4% | 23.1% | 21.4% | -2.7% | 0.33% |
| BAYERCROP | ₹15,009 cr | 20.5x | 5.1x | 25.2% | 31.7% | 16.0% | +3.4% | 3.75% |
| SHARDACROP | ₹5,688 cr | 9.1x | 1.8x | 22.2% | 25.8% | 19.5% | +9.2% | 1.91% |
| DHANUKA | ₹3,709 cr | 14.0x | 2.2x | 17.4% | 21.1% | 19.2% | +5.9% | 0.25% |
| RALLIS | ₹3,664 cr | 19.1x | 1.7x | 9.3% | 12.4% | 11.9% | -0.8% | 1.34% |
| NACLIND | ₹2,650 cr | 221.7x | 3.9x | 2.2% | 6.0% | 5.8% | -9.2% | – |
| BHAGCHEM | ₹2,512 cr | 91.4x | 3.6x | 4.0% | 6.1% | 13.0% | +2.2% | 0.07% |
| GSPCROP | ₹2,010 cr | 17.3x | 2.6x | -0.4% | 15.9% | 11.9% | – | 0.15% |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Agro Chemicals | ₹6,417 cr | 95.5% | ₹1,798 cr | 28.0% |
| Pharma | ₹300 cr | 4.5% | ₹-274 cr | -91.3% |
| Inter segment adjustment | ₹0 cr | – | ₹70 cr | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-08-07 | Dividend | Dividend - Rs 10 Per Share |
| 2026-02-23 | Dividend | Interim Dividend - Rs 5 Per Share |
| 2025-08-07 | Dividend | Dividend - Rs 10 Per Share |
| 2025-02-14 | Dividend | Interim Dividend - Rs 6 Per Share |
| 2024-08-20 | Other | Annual General Meeting |
| 2024-08-20 | Dividend | Dividend - Rs 9 Per Share |
| 2024-02-21 | Dividend | Interim Dividend - Rs 6 Per Share |
| 2023-08-11 | Dividend | Annual General Meeting/Dividend - Rs 5.50 Per Share |
| 2023-02-24 | Dividend | Interim Dividend - Rs 4.5 Per Share |
| 2022-08-25 | Dividend | Annual General Meeting/Dividend - Rs 3 Per Share |
| 2022-02-14 | Dividend | Interim Dividend - Rs 3 Per Share |
| 2021-09-06 | Dividend | Annual General Meeting/Dividend - Rs 2 Per Share |
| 2021-02-11 | Dividend | Interim Dividend - Rs 3 Per Share |
| 2020-09-17 | Dividend | Annual General Meeting/Dividend - Re 1 Per Share |
| 2020-02-24 | Dividend | Interim Dividend - Rs 3 Per Share |
| 2019-08-29 | Dividend | Annual General Meeting/Dividend - Rs 1.5 Per Share |
| 2018-11-09 | Dividend | Interim Dividend - Rs 2.50 Per Share |
| 2018-07-30 | Dividend | Annual General Meeting/Dividend- Rs 2.50 Per Share |
| 2017-11-09 | Dividend | Interim Dividend - Rs 1.50 Per Share |
| 2017-08-30 | Dividend | Annual General Meeting/Dividend - Rs 2.50 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing: Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products
| Sector | Commodities |
| Industry | Pesticides & Agrochemicals |
| Sub-industry | Pesticides & Agrochemicals |
| Symbol | PIIND |
| BSE code | 523642 |
| ISIN | INE603J01030 |
| Face value | ₹1.0 |
| Incorporated | 1946-12-31 |
| Website | www.piindustries.com |
| Plants (India / abroad) | 7 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.