PI Industries Limited (PIIND) AI Stock Analysis

• Market Cap: ₹568.75B
• Dividend Yield: 0.43%
• Average Volume (3M): 4.76K
• Price to Earnings (P/E): 35.3
• Beta (1Y): 0.81
• Revenue Growth: -0.19%
• EPS Growth: -7.79%
• Country: IN
• Employees: 3,545
• Sector: Basic Materials
• Sector Strength: 64
• Industry: Agricultural Inputs
• EPS (TTM): 26.33
• Shares Outstanding: 151,718,120
• 10 Day Avg. Volume: 2,841
• 30 Day Avg. Volume: 4,760
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹4,257.80
• Price Target Upside: 13.82% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 5

• Rating: 66 Neutral
• Price Target: ₹4,229.00 ▲(13.05% Upside)

PI Industries Limited demonstrates strong financial performance with robust revenue and profit growth, low leverage, and solid cash flow conversion, which are significant strengths. However, the technical analysis indicates bearish momentum, with the stock trading below key moving averages and showing oversold conditions. The valuation suggests the stock may be overvalued, with a high P/E ratio and modest dividend yield. These factors collectively result in a moderate overall stock score.

PI Industries Limited Business Overview & Revenue Model

Company Description

PI Industries Limited (PIIND) is a leading Indian agri-sciences company that focuses on delivering innovative solutions to enhance agricultural productivity. The company operates in the domains of agrochemicals and custom synthesis and manufacturing (CSM). Its core products include crop protection products such as insecticides, herbicides, and fungicides, as well as custom synthesis solutions for global agrochemical innovators.

How the Company Makes Money

PI Industries Limited generates revenue primarily through two key streams: the sale of its agrochemical products and its custom synthesis and manufacturing services. In the agrochemical segment, PI Industries offers a wide range of crop protection solutions that cater to both domestic and international markets. The company earns through direct sales of these products to farmers, distributors, and retail partners. In the CSM segment, PI Industries collaborates with global agrochemical companies to provide custom manufacturing services, which include the development and production of active ingredients and intermediates under contractual agreements. This segment benefits significantly from long-term partnerships with multinational corporations, ensuring a steady flow of revenue. The company's emphasis on research and development, along with its strategic alliances, plays a crucial role in maintaining its competitive edge and driving its earnings.

PI Industries Limited Financial Statement Overview

Summary

PI Industries Limited showcases a well-rounded financial profile with strong income statement metrics, a stable balance sheet, and efficient cash flow management. The company’s consistent revenue and profit growth, low leverage, and solid cash flow conversion highlight its strong competitive position and financial resilience in the agricultural inputs industry.

Income Statement

PI Industries Limited demonstrates a robust financial performance with impressive revenue growth over the years. The gross profit margin has remained strong, reflecting efficient cost management. The net profit margin indicates solid profitability, and both EBIT and EBITDA margins are impressive, showcasing operational efficiency. The consistent year-on-year revenue growth is a testament to the company’s competitive positioning in the industry.

Balance Sheet

The company maintains a solid balance sheet with a low debt-to-equity ratio, indicating prudent financial leverage. The return on equity is strong, reflecting effective use of shareholder funds to generate profit. The equity ratio is healthy, underscoring financial stability and a strong asset base. Overall, the balance sheet reflects financial soundness and a low-risk profile.

Cash Flow

Cash flow analysis reveals a positive trajectory with a strong operating cash flow to net income ratio, indicating good cash conversion efficiency. Free cash flow growth has been remarkable, though the free cash flow to net income ratio suggests room for improvement in converting accounting profits into cash profits. Overall, the company demonstrates solid cash flow management with effective capital expenditure allocation.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2022	Dec 2022	Dec 2020
Income Statement
Total Revenue	79.78B	79.78B	76.12B	52.52B	64.58B	45.77B
Gross Profit	42.07B	42.07B	37.74B	12.76B	28.63B	11.09B
EBITDA	24.49B	21.79B	22.36B	12.51B	17.03B	11.43B
Net Income	16.60B	16.60B	16.82B	8.44B	12.29B	7.38B
Balance Sheet
Total Assets	122.77B	122.77B	107.64B	77.91B	84.80B	70.02B
Cash, Cash Equivalents and Short-Term Investments	37.59B	37.59B	39.49B	22.64B	32.23B	23.07B
Total Debt	1.84B	1.84B	1.91B	3.16B	465.00M	3.73B
Total Liabilities	21.20B	21.20B	20.33B	16.71B	12.81B	16.59B
Stockholders Equity	101.57B	101.57B	87.31B	61.20B	71.98B	53.42B
Cash Flow
Free Cash Flow	0.00	5.63B	14.15B	1.92B	11.75B	2.86B
Operating Cash Flow	0.00	14.13B	20.36B	5.29B	15.01B	7.25B
Investing Cash Flow	0.00	-14.24B	-19.54B	-1.10B	-4.96B	-24.30B
Financing Cash Flow	0.00	-2.87B	-2.22B	-1.77B	-4.83B	16.90B

PI Industries Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 3740.70
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:PIIND, the sentiment is Negative. The current price of 3740.7 is below the 20-day moving average (MA) of 3815.94, below the 50-day MA of 4008.04, and above the 200-day MA of 3738.91, indicating a neutral trend. The MACD of -77.27 indicates Negative momentum. The RSI at 39.47 is Neutral, neither overbought nor oversold. The STOCH value of 29.61 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:PIIND.

PI Industries Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SUMICHEM	70 Outperform	₹284.91B	51.14		0.21%	13.78%	28.22%
DEEPAKFERT	68 Neutral	₹182.52B	18.60		0.69%	23.22%	85.82%
UPL	68 Neutral	₹586.80B	51.53		0.84%	8.30%	―
PIIND	66 Neutral	₹568.75B	35.29		0.43%	-0.19%	-7.79%
Sector *	61 Neutral	$10.27B	6.37	0.76%	2.91%	3.10%	-36.03%
NAVINFLUOR	59 Neutral	₹243.55B	66.51		0.25%	21.52%	36.24%
BAYERCROP	57 Neutral	₹229.89B	39.26		2.44%	15.23%	-11.06%