P I Industries Ltd

P I Industries Ltd

₹ 3,824 -1.34%
30 May - close price
About

PI Industries Ltd is a leading player in the agro-chemicals space having strong presence in both Domestic and Export markets. It has state-of-art facilities in Gujarat having integrated process development teams with in-house engineering capabilities.[1]

Key Points

Business Segments

  • Market Cap 58,012 Cr.
  • Current Price 3,824
  • High / Low 4,804 / 2,951
  • Stock P/E 31.1
  • Book Value 679
  • Dividend Yield 0.39 %
  • ROCE 25.2 %
  • ROE 19.7 %
  • Face Value 1.00

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 33.3% CAGR over last 5 years

Cons

  • Debtor days have increased from 44.6 to 57.6 days.
  • Working capital days have increased from 75.8 days to 121 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
1,350 1,497 1,696 1,571 1,506 1,829 1,969 1,721 1,626 2,012 2,131 1,780 1,648
1,047 1,153 1,273 1,153 1,172 1,354 1,415 1,177 1,173 1,381 1,446 1,235 1,144
Operating Profit 302 344 423 418 334 475 553 544 453 631 685 545 504
OPM % 22% 23% 25% 27% 22% 26% 28% 32% 28% 31% 32% 31% 31%
20 27 31 48 53 47 56 65 56 69 90 73 68
Interest 2 14 11 9 2 2 2 2 4 2 1 2 2
Depreciation 52 55 55 56 56 59 63 62 62 65 66 67 65
Profit before tax 268 302 389 402 328 462 545 545 443 634 708 548 506
Tax % 24% 17% 16% 12% 15% 14% 15% 11% 13% 21% 21% 23% 24%
205 252 327 353 279 395 464 486 384 498 558 424 386
EPS in Rs 13.49 16.62 21.57 23.25 18.42 26.05 30.62 32.07 25.34 32.85 36.81 27.93 25.43
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
1,595 1,940 2,096 2,276 2,277 2,841 3,307 4,361 5,077 6,270 7,145 7,571
1,303 1,560 1,663 1,724 1,782 2,264 2,606 3,370 3,962 4,748 5,107 5,207
Operating Profit 292 379 433 552 495 576 701 991 1,114 1,522 2,038 2,364
OPM % 18% 20% 21% 24% 22% 20% 21% 23% 22% 24% 29% 31%
11 34 33 36 60 59 47 117 100 159 223 301
Interest 14 12 12 9 8 8 20 34 15 38 20 7
Depreciation 31 49 54 73 83 93 133 172 198 222 246 263
Profit before tax 258 353 401 506 464 535 594 902 1,000 1,422 1,995 2,396
Tax % 29% 31% 23% 10% 21% 24% 26% 21% 18% 15% 13% 22%
184 243 310 457 367 408 442 710 820 1,211 1,731 1,866
EPS in Rs 13.50 17.81 22.58 33.24 26.58 29.54 32.03 46.83 54.03 79.85 114.07 123.02
Dividend Payout % 15% 14% 14% 12% 15% 14% 12% 11% 11% 13% 13% 13%
Compounded Sales Growth
10 Years: 15%
5 Years: 18%
3 Years: 14%
TTM: 6%
Compounded Profit Growth
10 Years: 22%
5 Years: 33%
3 Years: 32%
TTM: 8%
Stock Price CAGR
10 Years: 19%
5 Years: 20%
3 Years: 12%
1 Year: 8%
Return on Equity
10 Years: 20%
5 Years: 19%
3 Years: 20%
Last Year: 20%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 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 14 14 15 15 15 15 15
Reserves 669 869 1,141 1,595 1,898 2,261 2,577 5,271 6,024 7,082 8,666 10,288
122 115 151 120 84 49 519 370 305 33 44 52
504 624 629 554 619 821 997 1,308 1,285 1,206 1,502 1,564
Total Liabilities 1,309 1,621 1,935 2,283 2,615 3,145 4,106 6,965 7,628 8,336 10,227 11,919
524 530 872 943 996 1,184 1,668 2,118 2,423 2,513 2,634 3,112
CWIP 42 133 71 77 90 183 270 288 114 130 221 282
Investments 2 2 1 84 161 123 454 1,012 1,036 1,169 2,448 3,269
741 956 990 1,179 1,368 1,655 1,715 3,548 4,055 4,524 4,924 5,257
Total Assets 1,309 1,621 1,935 2,283 2,615 3,145 4,106 6,965 7,628 8,336 10,227 11,919

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
217 181 366 337 314 385 661 772 485 1,502 2,099 1,478
-51 -146 -298 -236 -182 -320 -962 -2,470 -104 -576 -1,933 -1,536
-142 -50 -48 -50 -100 -122 350 1,689 -175 -430 -205 -251
Net Cash Flow 24 -16 20 50 32 -56 49 -9 207 495 -39 -308

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 59 72 69 68 84 85 61 54 57 40 36 58
Inventory Days 127 130 124 136 141 126 145 152 175 144 119 85
Days Payable 116 122 115 90 116 121 112 118 116 89 109 112
Cash Conversion Cycle 69 80 78 113 110 90 94 89 116 95 46 31
Working Capital Days 49 55 54 72 89 92 71 73 98 67 39 121
ROCE % 36% 41% 36% 34% 25% 25% 23% 21% 17% 22% 25% 25%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
46.74% 46.09% 46.09% 46.08% 46.08% 46.09% 46.09% 46.09% 46.09% 46.09% 46.09% 46.09%
15.97% 16.72% 18.60% 18.59% 19.17% 20.01% 20.41% 20.26% 18.76% 19.02% 18.46% 18.06%
25.85% 26.00% 24.24% 24.06% 23.80% 23.11% 23.00% 24.18% 25.84% 26.21% 27.07% 27.43%
0.00% 0.15% 0.15% 0.15% 0.15% 0.15% 0.15% 0.15% 0.15% 0.15% 0.15% 0.15%
11.39% 11.01% 10.90% 11.10% 10.77% 10.61% 10.34% 9.29% 9.14% 8.54% 8.23% 8.28%
0.04% 0.03% 0.03% 0.03% 0.03% 0.02% 0.02% 0.02% 0.01% 0.01% 0.01% 0.01%
No. of Shareholders 1,48,0431,40,7201,42,5501,48,0371,41,0921,58,2681,84,5151,57,9911,56,7901,50,1901,57,9931,67,265

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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