PI Industries Limited (PIIND) AI Stock Analysis

• Market Cap: ₹558.73B
• Dividend Yield: 0.45%
• Average Volume (3M): 5.05K
• Price to Earnings (P/E): 34.7
• Beta (1Y): 0.80
• Revenue Growth: -0.19%
• EPS Growth: -7.79%
• Country: IN
• Employees: 3,545
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Agricultural Inputs
• EPS (TTM): 26.90
• Shares Outstanding: 151,718,120
• 10 Day Avg. Volume: 8,851
• 30 Day Avg. Volume: 5,049
• PEG Ratio: -24.79
• Price to Book (P/B): 5.15
• Price to Sales (P/S): 6.56
• P/FCF Ratio: 92.99
• 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: ₹3,618.00
• Price Target Upside: 0.84% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 74 Outperform
• Price Target: ₹4,003.00 ▲(11.57% Upside)

PI Industries Limited has a strong financial performance with consistent revenue and profit growth, low leverage, and solid cash flow conversion, which significantly boosts its overall score. However, the technical analysis indicates a bearish trend, and the valuation suggests the stock is relatively expensive, which moderates the overall score.

PI Industries Limited Business Overview & Revenue Model

Company Description

PI Industries Limited (PIIND) is a leading player in the Indian agrochemical sector, specializing in the manufacture and marketing of a wide range of crop protection products, including herbicides, pesticides, and fungicides. The company is also engaged in the production of specialty chemicals and offers innovative solutions for various agricultural needs. With a strong focus on research and development, PI Industries aims to enhance agricultural productivity and sustainability, catering to both domestic and international markets.

How the Company Makes Money

PI Industries generates revenue through multiple streams primarily centered around its agrochemical products. The company's core revenue comes from the sale of its crop protection products, which include both branded and generic formulations. Additionally, PIIND earns income from contract manufacturing services, wherein it produces agrochemicals for other companies. The company's strong emphasis on research and development enables it to create innovative products that cater to evolving customer needs, thereby enhancing its market competitiveness. Strategic partnerships with global agrochemical firms also contribute to its revenue, allowing for technology sharing and expanded market reach. Moreover, PI Industries benefits from a growing demand for sustainable agricultural practices, positioning itself favorably to capitalize on emerging trends in the agrochemical industry.

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 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	78.09B	79.78B	76.12B	64.58B	52.99B	45.20B
Gross Profit	42.27B	42.07B	37.74B	28.63B	23.77B	19.14B
EBITDA	24.01B	21.79B	22.36B	17.03B	12.51B	11.43B
Net Income	16.11B	16.60B	16.82B	12.29B	8.44B	7.38B
Balance Sheet
Total Assets	127.63B	122.77B	107.64B	84.80B	77.91B	70.02B
Cash, Cash Equivalents and Short-Term Investments	37.59B	37.59B	39.49B	32.23B	22.64B	23.07B
Total Debt	341.00M	1.84B	1.91B	465.00M	3.16B	3.73B
Total Liabilities	-101.57B	21.20B	20.33B	12.81B	16.71B	16.59B
Stockholders Equity	101.57B	101.57B	87.31B	71.98B	61.20B	53.42B
Cash Flow
Free Cash Flow	0.00	5.63B	14.15B	11.75B	1.92B	2.86B
Operating Cash Flow	0.00	14.13B	20.36B	15.01B	5.29B	7.25B
Investing Cash Flow	0.00	-14.24B	-18.00B	-4.96B	-1.10B	-24.30B
Financing Cash Flow	0.00	-2.87B	-2.22B	-4.83B	-1.77B	16.90B

PI Industries Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 3587.75
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• 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 3587.75 is below the 20-day moving average (MA) of 3622.69, below the 50-day MA of 3637.01, and below the 200-day MA of 3682.81, indicating a bearish trend. The MACD of 27.79 indicates Negative momentum. The RSI at 44.82 is Neutral, neither overbought nor oversold. The STOCH value of 63.73 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
PIIND	74 Outperform	₹558.73B	34.67	―	0.45%	-0.19%	-7.79%
DEEPAKFERT	73 Outperform	₹189.84B	19.35	―	0.73%	21.68%	45.18%
NAVINFLUOR	64 Neutral	₹310.07B	68.25	―	0.22%	30.05%	70.18%
UPL	64 Neutral	₹641.13B	29.13	―	0.80%	8.14%	―
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
BAYERCROP	61 Neutral	₹217.34B	36.68	―	2.77%	8.92%	5.06%
SUMICHEM	59 Neutral	₹237.12B	43.70	―	0.25%	8.69%	12.26%

PI Industries Limited Corporate Events

PI Industries Announces Senior Management Change

PI Industries Limited announced the cessation of Ms. Shilpa Sachdeva from the Senior Management Personnel due to an internal realignment and reallocation of roles, effective October 26, 2025. This change is part of the company’s strategic adjustments to optimize its organizational structure, potentially impacting its operational dynamics and stakeholder relationships.

PI Industries Announces Senior Management Change Amidst Organizational Restructuring

PI Industries Limited announced the cessation of Ms. Shilpa Sachdeva from the Senior Management Personnel due to a realignment and reallocation of roles within the organization, effective October 26, 2025. This change is part of the company’s internal restructuring efforts, which may impact its operational dynamics and strategic direction.

PI Industries to Engage with Key Investors and Analysts

PI Industries Limited announced that it will engage in one-on-one meetings with analysts and investors from Mirae Asset Investment Managers and Tata Mutual Fund Investment on September 26, 2025. These interactions are part of the company’s ongoing efforts to maintain transparency and foster investor relations, although no unpublished price-sensitive information will be disclosed during these meetings.

PI Industries Schedules Investor Interaction with Edelweiss Mutual Fund

PI Industries Limited has announced a scheduled interaction with analysts and investors, which will be held virtually with Edelweiss Mutual Fund on September 08, 2025. The company has assured that no unpublished price-sensitive information will be disclosed during this meeting, indicating a commitment to transparency and regulatory compliance.