PI Industries Limited (IN:PIIND)
:PIIND
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PI Industries Limited
(PIIND)
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Rating:74Outperform
Price Target:
₹3,450.00
▲(5.92% Upside)
Action:ReiteratedDate:11/01/25
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.
Positive Factors
Low leverage & solid balance sheet
A low debt-to-equity profile and healthy equity ratio provide long-term financial flexibility, enabling PI to fund capex, R&D and working capital for cyclic agri demand. This reduces refinancing risk and supports steady investment in growth initiatives over 2-6 months.
Negative Factors
Recent revenue contraction
A material revenue decline indicates weakening top-line momentum that can persist across quarters if driven by lost volumes, pricing pressure, or contract timing. Sustained revenue contraction pressures margins, cash generation and the ability to fund strategic initiatives without trade-offs.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage & solid balance sheet
A low debt-to-equity profile and healthy equity ratio provide long-term financial flexibility, enabling PI to fund capex, R&D and working capital for cyclic agri demand. This reduces refinancing risk and supports steady investment in growth initiatives over 2-6 months.
Read all positive factors
PI Industries Limited (PIIND) vs. iShares MSCI India ETF (INDA)
Market Cap
₹465.52B
Dividend Yield0.49%
Average Volume (3M)5.05K
Price to Earnings (P/E)39.5
Beta (1Y)0.82
Revenue Growth-5.90%
EPS Growth-14.80%
CountryIN
Employees3,545
SectorBasic Materials
Sector Strength58
IndustryAgricultural Inputs
Share Statistics
EPS (TTM)20.00
Shares Outstanding151,718,120
10 Day Avg. Volume8,851
30 Day Avg. Volume5,049
Financial Highlights & Ratios
PEG Ratio-24.79
Price to Book (P/B)5.15
Price to Sales (P/S)6.62
P/FCF Ratio92.99
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹3,675.00Price Target Upside12.83% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)96.5
Revenue Forecast (FY)₹76.99B
PI Industries Limited Business Overview & Revenue Model
Company Description
PI Industries Limited manufactures and distributes agro chemicals in India, rest of Asia, North America, Europe, and internationally. The company offers agrochemicals, including insecticides, fungicides, and herbicides; specialty products; and gen...
How the Company Makes Money
PI Industries primarily makes money through two complementary revenue streams: (1) Domestic Agri Inputs: Revenue is generated from selling crop protection products (e.g., insecticides, fungicides, herbicides and other plant protection formulations...
PI Industries Limited Financial Statement Overview
Summary
Income Statement
92
Very Positive
Balance Sheet
89
Very Positive
Cash Flow
85
Very Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 73.86B | 79.03B | 76.12B | 64.58B | 52.99B | 45.20B |
| Gross Profit | 40.38B | 40.95B | 37.34B | 28.63B | 23.77B | 19.14B |
| EBITDA | 23.52B | 25.27B | 22.33B | 17.08B | 12.47B | 11.41B |
| Net Income | 15.13B | 16.60B | 16.82B | 12.29B | 8.44B | 7.38B |
Balance Sheet | ||||||
| Total Assets | 133.01B | 122.77B | 107.64B | 84.80B | 77.91B | 70.02B |
| Cash, Cash Equivalents and Short-Term Investments | 39.18B | 37.59B | 39.49B | 32.23B | 22.64B | 23.07B |
| Total Debt | 2.42B | 1.84B | 1.91B | 465.00M | 3.16B | 3.73B |
| Total Liabilities | 24.74B | 21.20B | 20.33B | 12.81B | 16.71B | 16.59B |
| Stockholders Equity | 108.27B | 101.57B | 87.31B | 71.98B | 61.20B | 53.42B |
Cash Flow | ||||||
| Free Cash Flow | -2.00B | 5.63B | 14.15B | 11.75B | 1.92B | 2.86B |
| Operating Cash Flow | 2.48B | 14.13B | 20.36B | 15.01B | 5.29B | 7.25B |
| Investing Cash Flow | -2.29B | -14.24B | -18.00B | -4.96B | -1.10B | -24.30B |
| Financing Cash Flow | -1.29B | -2.87B | -2.22B | -4.83B | -1.77B | 16.90B |
PI Industries Limited Technical Analysis
Positive
3257.20
Price Trends
3008.70
Positive
3144.43
Positive
3475.94
Negative
Market Momentum
13.80
Negative
63.11
Neutral
93.06
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:PIIND, the sentiment is Positive. The current price of 3257.2 is above the 20-day moving average (MA) of 2889.47, above the 50-day MA of 3008.70, and below the 200-day MA of 3475.94, indicating a neutral trend. The MACD of 13.80 indicates Negative momentum. The RSI at 63.11 is Neutral, neither overbought nor oversold. The STOCH value of 93.06 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:PIIND.
PI Industries Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹465.52B | 39.45 | ― | 0.49% | -5.90% | -14.80% | |
74 Outperform | ₹158.23B | 28.71 | ― | 0.80% | 21.68% | 45.18% | |
68 Neutral | ₹542.21B | 42.42 | ― | 0.77% | 8.14% | ― | |
64 Neutral | ₹321.74B | 40.91 | ― | 0.23% | 30.05% | 70.18% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | ₹223.07B | 77.71 | ― | 0.26% | 8.69% | 12.26% | |
61 Neutral | ₹213.13B | 53.52 | ― | 1.57% | 8.92% | 5.06% |
* Basic Materials Sector Average
IN:PIIND
PI Industries Limited
3,080.40
-487.86
-13.67%
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IN:NAVINFLUOR
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IN:SUMICHEM
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IN:UPL
UPL Limited
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PI Industries Limited Corporate Events
PI Industries to Shut Trading Window Ahead of FY26 Results
Mar 24, 2026
PI Industries Limited has announced that its trading window for dealing in company securities will be closed for designated persons and their immediate relatives from April 1, 2026, in line with SEBI’s Prohibition of Insider Trading Regulati...
PI Industries Schedules Investor Meeting With Aditya Birla Sun Life Insurance
Feb 26, 2026
PI Industries Limited has informed the stock exchanges that it will hold a one-on-one meeting with institutional investor Aditya Birla Sun Life Insurance in Mumbai on March 4, 2026, as part of its regular interactions with analysts and investors. ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.