P I Industries Ltd

P I Industries Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

P I Industries Ltd

₹ 3,771 0.40%
26 Apr - close price
piindustries.com BSE: 523642 NSE : PIIND
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

Revenue Breakup
Its revenues are divided under 2 main categories. It earns ~76% of its revenues from active ingredients and intermediaries and ~23% of revenues from sale of formulations.[1]

Website BSE NSE
  • Market Cap ₹ 57,217 Cr.
  • Current Price ₹ 3,771
  • High / Low ₹ 4,040 / 3,060
  • Stock P/E 35.2
  • Book Value ₹ 520
  • Dividend Yield 0.27 %
  • ROCE 21.7 %
  • ROE 18.4 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 27.4% CAGR over last 5 years
  • Company's median sales growth is 16.4% of last 10 years

Cons

  • Stock is trading at 7.26 times its book value
  • Tax rate seems low

* 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.

Peer comparison

Sector: Agro Chemicals Industry: Pesticides / Agrochemicals - Indian

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
1,134 1,151 1,128 1,296 1,303 1,350 1,497 1,696 1,571 1,506 1,829 1,969 1,721
861 921 886 1,016 1,016 1,047 1,153 1,273 1,153 1,172 1,354 1,415 1,177
Operating Profit 273 231 242 280 287 302 344 423 418 334 475 553 544
OPM % 24% 20% 21% 22% 22% 22% 23% 25% 27% 22% 26% 28% 32%
39 40 27 27 25 20 27 31 48 53 47 56 65
Interest 6 4 3 3 3 2 14 11 9 2 2 2 2
Depreciation 43 44 48 49 50 52 55 55 56 56 59 63 62
Profit before tax 262 222 218 256 259 268 302 389 402 328 462 545 545
Tax % 26% 19% 18% 13% 17% 24% 17% 16% 12% 15% 14% 15% 11%
194 180 179 222 215 205 252 327 353 279 395 464 486
EPS in Rs 12.81 11.84 11.77 14.61 14.16 13.49 16.62 21.57 23.25 18.42 26.05 30.62 32.07
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
877 1,151 1,595 1,940 2,096 2,276 2,277 2,841 3,307 4,361 5,077 6,270 7,026
764 969 1,303 1,560 1,663 1,724 1,782 2,264 2,606 3,370 3,962 4,748 5,118
Operating Profit 114 182 292 379 433 552 495 576 701 991 1,114 1,522 1,907
OPM % 13% 16% 18% 20% 21% 24% 22% 20% 21% 23% 22% 24% 27%
65 8 11 34 33 36 60 59 47 117 100 159 221
Interest 22 24 14 12 12 9 8 8 20 34 15 38 8
Depreciation 17 22 31 49 54 73 83 93 133 172 198 222 240
Profit before tax 139 144 258 353 401 506 464 535 594 902 1,000 1,422 1,880
Tax % 28% 33% 29% 31% 23% 10% 21% 24% 26% 21% 18% 15%
101 96 184 243 310 457 367 408 442 710 820 1,211 1,626
EPS in Rs 8.03 7.11 13.50 17.81 22.58 33.24 26.58 29.54 32.03 46.83 54.03 79.85 107.16
Dividend Payout % 12% 14% 15% 14% 14% 12% 15% 14% 12% 11% 11% 13%
Compounded Sales Growth
10 Years: 18%
5 Years: 22%
3 Years: 24%
TTM: 15%
Compounded Profit Growth
10 Years: 29%
5 Years: 27%
3 Years: 40%
TTM: 43%
Stock Price CAGR
10 Years: 31%
5 Years: 29%
3 Years: 14%
1 Year: 11%
Return on Equity
10 Years: 20%
5 Years: 17%
3 Years: 17%
Last Year: 18%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 13 14 14 14 14 14 14 14 14 15 15 15 15
Reserves 307 511 669 869 1,141 1,595 1,898 2,261 2,577 5,271 6,024 7,082 7,868
249 217 122 115 151 120 84 49 519 370 305 33 37
228 387 504 624 629 554 619 821 997 1,308 1,285 1,206 1,625
Total Liabilities 797 1,129 1,309 1,621 1,935 2,283 2,615 3,145 4,106 6,965 7,628 8,336 9,545
294 475 524 530 872 943 996 1,184 1,668 2,118 2,423 2,513 2,577
CWIP 81 61 42 133 71 77 90 183 270 288 114 130 159
Investments 2 2 2 2 1 84 161 123 454 1,012 1,036 1,169 1,746
420 591 741 956 990 1,179 1,368 1,655 1,715 3,548 4,055 4,524 5,063
Total Assets 797 1,129 1,309 1,621 1,935 2,283 2,615 3,145 4,106 6,965 7,628 8,336 9,545

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
101 103 217 181 366 337 314 385 661 772 485 1,502
-105 -145 -51 -146 -298 -236 -182 -320 -962 -2,470 -104 -576
4 42 -142 -50 -48 -50 -100 -122 350 1,689 -175 -430
Net Cash Flow -0 0 24 -16 20 50 32 -56 49 -9 207 495

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 72 83 59 72 69 68 84 85 61 54 57 40
Inventory Days 142 131 127 130 124 136 141 126 145 152 175 144
Days Payable 76 131 116 122 115 90 116 121 112 118 116 89
Cash Conversion Cycle 137 84 69 80 78 113 110 90 94 89 116 95
Working Capital Days 79 69 49 55 54 72 89 92 71 73 98 67
ROCE % 26% 26% 36% 41% 36% 34% 25% 25% 23% 21% 17% 22%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
46.74% 46.74% 46.74% 46.74% 46.74% 46.09% 46.09% 46.08% 46.08% 46.09% 46.09% 46.09%
19.64% 19.71% 18.88% 16.44% 15.97% 16.72% 18.60% 18.59% 19.17% 20.01% 20.41% 20.26%
21.98% 21.65% 22.98% 25.33% 25.85% 26.00% 24.24% 24.06% 23.80% 23.11% 23.00% 24.18%
0.00% 0.00% 0.00% 0.00% 0.00% 0.15% 0.15% 0.15% 0.15% 0.15% 0.15% 0.15%
11.58% 11.85% 11.35% 11.45% 11.39% 11.01% 10.90% 11.10% 10.77% 10.61% 10.34% 9.29%
0.06% 0.05% 0.04% 0.04% 0.04% 0.03% 0.03% 0.03% 0.03% 0.02% 0.02% 0.02%
No. of Shareholders 1,01,4161,22,9891,40,2791,51,1381,48,0431,40,7201,42,5501,48,0371,41,0921,58,2681,84,5151,57,991

* 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.

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Documents

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