Pi Industries Limited, Fundamental analysis

Pi Industries Limited - Technical chart

consolidated in Rs/Cr.

Industry Industry name	Agro Chemicals
Variance Full Year Net Profit Variance	-25
Equity Latest Equity	15.17
Face Value Latest Face Value	1
Reserves Total Reserve	11215.3
Dividend Full Year Dividend %	1500
Sales Turnover Full Year Net Sales	6713.7
Net Profit Full Year Net Profit	1240.51
Full Year CPS Full Year Cash Per Share	108.6
Earning Per Share Full Year Earning Per Share	81.8
Quarter CPS Latest quarter Cash Per Share	0
Latest Quarter Date Latest Quarter Yrc	Mar 1, 2026
Latest Quarter Sales Latest Quarter Net Sales	1565.2
Previous EPS Previous earnings per share	0
Book Value Book value	740.2
Networth Full Year Return on Networth	17.58
Price/Book Value Price to Book value	3.553094
Yearly PE ratio Full Year Price to Earning per share	32.2
Yearly PC ratio Full Year Price to Cash Per Share	24.2
Bse value BSE Value in lakhs	184.59
Nse value NSE Value in lakhs	4490.42
High 52 week high	4329
Low 52 week low	2527
Price NSE Current market price	2632
CPM Current market price	2630

Market cap BSE / NSE Market Cap	39904.9
Net profit Latest Quarter Net Profit	201.53
Net profit variance Latest Quarter Net Profit variance	-39
Result year Trailing latest month	Mar 1, 2026
TTM Sales Trailing Twelve 12 month Net Sales	7928.4
TTM OP Trailing Twelve 12 month Operating Profit	2103.7
TTM OPM Trailing Twelve 12 month Operating Profit Margin	26.53
TTM GP Trailing Twelve 12 month Gross Profit	2102.7
TTM GPM Trailing Twelve 12 month Gross Profit Margin	31.32
TTM NP Trailing Twelve 12 month Net Profit	1775.1
TTM NPV Trailing Twelve 12 month Net Profit Variane	-25.39
TTM EPS Trailing Twelve 12 month EPS	81.76
TTM PE Trailing Twelve 12 month PE	32.17
TTM CPS Trailing Twelve 12 month CPS	0
Month CPS Month Cash Per Share	0
TTM Depreciation Trailing Twelve 12 month Depreciation	321.4
Equity Latest Equity	15.17
LTP Latest Price (BSE/NSE)	2630
Gross block Latest Gross Block	5801
Loans Total loans	184.1
Advances Latest Advances for Banks	0
Net profit asset Latest Assets	0
Year OPM Full Year Operating Profit Margin	23.8
Year GPM Full Year Gross Profit Margin	29.8
Quarter OPM Latest quater Operation Profit Margin	21.5

Quarterly Results (consolidated, figures in Rs Cr.)

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
+ Sales	2,069	2,221	1,901	1,787	1,901	1,872	1,376	1,565
YOY Sales Growth %	8%	5%	0%	3%	-8%	-16%	-28%	-12%
Gross Sales	2,069	2,221	1,901	1,787	1,901	1,872	1,376	1,565
+ Expenses	1,486	1,593	1,389	1,332	1,381	1,331	1,073	1,230
Material Cost %	35%	38%	38%	43%	39%	57%	59%	44%
Raw Material Cost	848	916	787	773	757	892	672	669
Change in Inventory	-121	-75	-68	-5	-18	174	144	25
Manufacturing Cost %	14%	15%	16%	19%	18%	17%	20%	22%
Employee Cost %	10%	9%	10%	11%	12%	12%	17%	14%
Other Cost %	13%	10%	9%	2%	4%	-14%	-18%	-2%
Raw Materials %	41%	41%	41%	43%	40%	48%	49%	43%
Purchase of Finished Goods %	1%	4%	2%	1%	2%	4%	3%	1%
Stock Adjustments %	6%	3%	4%	0%	1%	-9%	-10%	-2%
Other Manufacturing Expenses %	14%	15%	16%	19%	18%	17%	20%	22%
Operating Profit	583	628	512	456	519	541	302	335
OPM %	28%	28%	27%	25%	27%	29%	22%	21%
+ Other Income	75	123	76	75	89	85	172	76
Miscellaneous Income	75	123	76	75	89	85	172	76
Exceptional Income	0	0	0	0	0	0	105	0
Interest	8	9	8	8	4	3	6	4
Depreciation	83	80	99	90	97	98	105	107
Profit before tax	566	663	481	432	507	525	363	301
+ Tax %	21%	23%	22%	24%	21%	22%	14%	33%
Current Tax	101	137	86	88	92	114	65	65
Deferred Tax	17	17	22	14	16	3	-14	36
+ Net Profit	449	508	373	331	400	409	311	200
Extraordinary Income / Expense	0	0	0	0	0	0	105	-2
Exceptional Item	0	0	0	0	0	0	105	-2
Net Profit After Minority Interest	449	508	373	331	400	409	311	200
EPS in Rs	29.59	33.51	24.55	21.79	26.37	26.98	20.52	13.20

Profit & Loss (consolidated, figures in Rs Cr.)

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
+ Sales	2,197	2,383	2,309	2,841	3,367	4,577	5,300	6,492	7,666	7,978
Sales Growth %		8%	-3%	23%	19%	36%	16%	23%	18%	4%
Gross Sales	1,985	2,170	2,246	2,841	3,367	4,577	5,300	6,492	7,666	7,978
Excise Duty	101	106	32	0	0	0	0	0	0	0
Other Operating Income	10	0	0	0	0	0	0	0	0	0
+ Expenses	1,769	1,833	1,817	2,265	2,649	3,565	4,157	4,960	5,651	5,799
Material Cost %	53%	49%	51%	55%	55%	56%	55%	55%	50%	47%
Raw Material Cost	1,178	1,204	1,161	1,500	1,850	2,672	3,125	3,622	3,842	3,503
Change in Inventory	-20	-41	8	50	-2	-101	-202	-70	-4	268
Manufacturing Cost %	4%	5%	6%	6%	6%	5%	5%	5%	5%	5%
Employee Cost %	9%	9%	11%	9%	10%	9%	9%	8%	10%	10%
Other Cost %	15%	14%	12%	10%	8%	8%	9%	9%	9%	10%
Raw Materials %	54%	51%	50%	53%	55%	58%	59%	56%	50%	44%
Purchase of Finished Goods %	3%	3%	3%	4%	5%	4%	3%	3%	3%	2%
Stock Adjustments %	1%	2%	-0%	-2%	0%	2%	4%	1%	0%	-3%
Power & Fuel %	3%	3%	3%	3%	3%	3%	3%	3%	3%	3%
Other Manufacturing Expenses %	1%	2%	2%	2%	2%	2%	2%	2%	2%	2%
Selling & Administration %	7%	7%	8%	7%	6%	5%	6%	6%	6%	7%
Miscellaneous Expenses %	3%	3%	3%	3%	2%	3%	3%	3%	3%	3%
Operating Profit	429	550	492	576	718	1,012	1,142	1,532	2,015	2,179
OPM %	20%	23%	21%	20%	21%	22%	22%	24%	26%	27%
+ Other Income	35	37	60	60	50	129	105	166	218	349
Miscellaneous Income	35	36	60	60	50	130	106	162	218	349
Interest	12	9	7	7	19	34	16	39	44	56
Depreciation	54	73	83	93	137	175	202	227	308	353
Profit before tax	401	506	464	538	614	939	1,033	1,444	1,895	2,142
+ Tax %	23%	10%	21%	24%	26%	21%	18%	15%	11%	22%
Current Tax	91	103	100	118	126	175	195	265	366	412
Deferred Tax	0	-53	-2	10	31	25	-6	-50	-153	69
+ Net Profit	310	457	366	410	457	738	844	1,230	1,682	1,660
Profit Growth %		48%	-20%	12%	11%	62%	14%	46%	37%	-1%
Net Profit After Minority Interest	312	459	368	410	457	738	844	1,230	1,682	1,660
EPS in Rs	21.83	33.39	26.64	29.72	33.09	48.57	55.51	80.89	110.63	109.22

Balance Sheet (consolidated, figures in Rs Cr.)

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	14	14	14	14	14	15	15	15	15	15
Reserves	1,157	1,613	1,911	2,272	2,605	5,327	6,105	7,183	8,716	10,142
+ Borrowings	151	120	83	49	519	373	316	47	191	184
Secured Borrowings	151	120	83	49	519	328	268	0	0	0
Unsecured Borrowings	0	0	0	0	0	45	49	47	191	184
+ Other Liabilities	626	554	618	820	1,087	1,287	1,354	1,235	1,822	1,908
Current Liabilities	632	614	682	772	992	1,410	1,521	1,488	2,070	2,148
Provisions	16	9	11	13	47	52	37	33	43	54
Other liability items	29	40	42	48	96	37	37	46	197	213
Total Liabilities	1,949	2,301	2,626	3,155	4,225	7,002	7,791	8,480	10,744	12,249
+ Fixed Assets	874	945	998	1,186	1,858	2,138	2,453	2,606	3,528	4,209
Gross Block	928	1,071	1,207	1,486	2,292	2,747	3,254	3,614	4,821	5,801
Accumulated Depreciation	54	126	209	301	434	609	802	1,009	1,292	1,592
CWIP	71	77	90	183	271	288	115	132	278	550
Investments	0	83	161	129	150	872	900	1,016	1,336	1,531
+ Other Assets	1,003	1,196	1,378	1,657	1,946	3,704	4,325	4,726	5,601	5,959
Inventories	395	432	452	536	799	1,053	1,423	1,398	1,301	984
Trade receivables	398	424	527	662	647	704	869	772	930	1,406
Cash Equivalents	56	133	131	89	134	1,476	1,410	2,243	2,704	2,500
Loans n Advances	142	267	325	306	296	570	610	565	968	1,256
Other asset items	13	-60	-56	64	70	-98	12	-251	-302	-186
Total Assets	1,949	2,301	2,626	3,155	4,225	7,002	7,791	8,480	10,744	12,249

Cash Flow (consolidated, figures in Rs Cr.)

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
+ Cash from Operating Activity	367	339	319	391	698	725	529	1,501	2,036	1,413
Profit from Operations	461	584	520	659	777	1,020	1,231	1,552	2,044	2,244
Working Capital Changes	2	-123	-105	-150	26	-130	-528	205	367	-447
Profit Before Tax & Extraordinary Items	403	510	466	538	614	939	1,033	1,444	1,895	2,142
Depreciation	54	73	83	93	137	175	202	227	308	353
Interest (Net)	-12	-8	-21	-14	-1	-26	-54	-48	-95	-190
Profit / Loss on Sale of Assets	2	0	1	1	-1	0	0	0	2	3
Profit / Loss on Sale of Investments	0	-1	-1	-20	-2	-5	0	-7	-1	0
Provisions & Write-offs (Net)	6	3	7	18	12	-4	23	13	17	7
Profit / Loss in Forex	1	0	-8	13	19	-31	60	-35	-5	-15
Receivables	-24	-39	-91	-149	127	-65	-230	110	-28	-471
Inventories	-17	-37	-20	-84	-185	-254	-371	26	205	341
Trade Payables	17	-84	82	150	32	220	-18	-60	324	-68
Loans & Advances	0	-1	4	-2	0	-2	14	-6	1	0
Direct Taxes Paid	-96	-121	-96	-118	-105	-165	-175	-256	-375	-384
+ Cash from Investing Activity	-303	-235	-181	-322	-985	-2,430	-110	-496	-1,801	-1,421
Purchase of Fixed Assets	-321	-142	-170	-369	-674	-439	-337	-326	-620	-850
Sale of Fixed Assets	3	1	0	1	5	2	1	4	1	12
Purchase of Investments	0	-109	-38	-7	0	-950	0	-210	-565	-661
Sale of Investments	-6	0	0	43	101	400	4	116	317	503
Interest Received	21	16	27	19	18	23	67	85	153	223
Investment in Group Companies	0	-1	0	-10	0	0	0	0	0	0
Acquisition of Companies	0	0	0	0	-435	0	0	0	-634	-355
Others	0	0	0	0	0	-1,466	155	-164	-453	-292
+ Cash from Financing Activity	-48	-53	-106	-125	350	1,690	-177	-483	-222	-287
Proceeds from Issue of Shares	10	8	2	3	8	1,979	0	0	0	0
Proceeds from Other Long-Term Borrowings	130	0	0	0	389	115	0	0	25	15
Proceeds from Short-Term Borrowings	0	0	0	0	108	0	0	0	0	0
Repayment of Long-Term Borrowings	-36	-27	0	-40	-41	-185	-72	-267	0	-34
Repayment of Short-Term Borrowings	-65	-2	0	0	0	-108	0	0	0	0
Repayment of Financial Liabilities	0	0	0	0	-22	-25	-21	-68	-27	-26
Dividend Paid	-73	-25	-66	-83	-75	-61	-76	-114	-174	-228
Interest Paid	-10	-7	-5	-5	-18	-24	-9	-34	-45	-14
Others	-4	0	-37	0	0	0	0	0	0	0
Net Cash Flow	16	50	33	-56	63	-15	241	522	14	-294