PI Industries Limited (IN:PIIND)
:PIIND
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PI Industries Limited
(PIIND)
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Rating:74Outperform
Price Target:
₹3,254.00
▼(-0.10% Downside)
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
Strong balance sheet
Low leverage, a healthy equity ratio and strong return on equity provide durable financial flexibility. This reduces refinancing risk, supports capital allocation for capacity expansion and R&D in CSM, and underpins resilience through agricultural cycles over the next 2–6 months.
Negative Factors
Recent revenue decline
A ~12.6% recent revenue contraction signals weakening top-line momentum or product cycle interruptions. Persisting revenue declines would strain utilization-led CSM economics and limit reinvestment ability, posing a medium-term headwind to sustaining growth and margins.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong balance sheet
Low leverage, a healthy equity ratio and strong return on equity provide durable financial flexibility. This reduces refinancing risk, supports capital allocation for capacity expansion and R&D in CSM, and underpins resilience through agricultural cycles over the next 2–6 months.
Read all positive factors
PI Industries Limited (PIIND) vs. iShares MSCI India ETF (INDA)
Market Cap
₹440.81B
Dividend Yield0.49%
Average Volume (3M)5.05K
Price to Earnings (P/E)39.5
Beta (1Y)0.79
Revenue Growth-5.90%
EPS Growth-14.80%
CountryIN
Employees3,545
SectorBasic Materials
Sector Strength58
IndustryAgricultural Inputs
Share Statistics
EPS (TTM)20.50
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)6.56
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)90.22
Revenue Forecast (FY)₹69.67B
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 | 74.61B | 79.78B | 76.12B | 64.58B | 52.99B | 45.20B |
| Gross Profit | 41.49B | 42.07B | 37.74B | 28.63B | 23.77B | 19.14B |
| EBITDA | 22.75B | 21.79B | 22.36B | 17.03B | 12.51B | 11.43B |
| 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
Neutral
3257.20
Price Trends
3085.07
Negative
3239.84
Negative
3549.37
Negative
Market Momentum
-76.99
Positive
43.62
Neutral
26.69
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:PIIND, the sentiment is Neutral. The current price of 3257.2 is above the 20-day moving average (MA) of 2978.29, above the 50-day MA of 3085.07, and below the 200-day MA of 3549.37, indicating a bearish trend. The MACD of -76.99 indicates Positive momentum. The RSI at 43.62 is Neutral, neither overbought nor oversold. The STOCH value of 26.69 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 | ₹440.81B | 39.45 | ― | 0.49% | -5.90% | -14.80% | |
70 Outperform | ₹126.05B | 28.71 | ― | 0.80% | 21.68% | 45.18% | |
68 Neutral | ₹527.94B | 42.42 | ― | 0.77% | 8.14% | ― | |
64 Neutral | ₹318.24B | 40.91 | ― | 0.23% | 30.05% | 70.18% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | ₹193.07B | 77.71 | ― | 0.26% | 8.69% | 12.26% | |
60 Neutral | ₹202.35B | 53.52 | ― | 1.57% | 8.92% | 5.06% |
* Basic Materials Sector Average
IN:PIIND
PI Industries Limited
2,905.45
-570.34
-16.41%
IN:BAYERCROP
Bayer Cropscience India Limited
4,502.50
-95.44
-2.08%
IN:DEEPAKFERT
Deepak Fertilisers and Petrochemicals Corporation Ltd.
998.50
-131.06
-11.60%
IN:NAVINFLUOR
Navin Fluorine International Limited
6,209.75
2,004.01
47.65%
IN:SUMICHEM
Sumitomo Chemical India Ltd.
386.80
-141.42
-26.77%
IN:UPL
UPL Limited
625.40
-24.70
-3.80%
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. ...
PI Industries Faces Rs 3.9 Crore GST Demand, Plans to Appeal
Jan 6, 2026
PI Industries Limited has disclosed that the Office of the Excise and Taxation Officer-cum-State Tax Officer, Bhatinda jurisdiction, has issued an order under Section 73 of the Central Goods and Services Tax Act, 2017, read with the Punjab Goods a...
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.