P I Industries Ltd

₹ 3,482 -0.11%
05 Dec - 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

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]

  • Market Cap 52,822 Cr.
  • Current Price 3,482
  • High / Low 3,698 / 2,334
  • Stock P/E 52.9
  • Book Value 430
  • Dividend Yield 0.17 %
  • ROCE 17.0 %
  • ROE 14.5 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company's median sales growth is 16.4% of last 10 years

Cons

  • Stock is trading at 8.10 times its book value
  • Promoter holding has decreased over last quarter: -0.65%

* 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

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
907 850 796 968 1,071 1,134 1,151 1,128 1,296 1,303 1,350 1,497 1,696
716 664 627 751 804 861 921 886 1,016 1,016 1,047 1,153 1,273
Operating Profit 192 186 169 218 267 273 231 242 280 287 302 344 423
OPM % 21% 22% 21% 22% 25% 24% 20% 21% 22% 22% 22% 23% 25%
11 20 5 4 31 39 40 27 27 25 20 27 31
Interest 2 4 9 10 8 6 4 3 3 3 2 14 11
Depreciation 32 32 40 40 40 43 44 48 49 50 52 55 55
Profit before tax 169 169 125 172 250 262 222 218 256 259 268 302 389
Tax % 27% 29% 21% 23% 16% 26% 19% 18% 13% 17% 24% 17% 16%
Net Profit 123 120 98 132 209 194 180 179 222 215 205 252 327
EPS in Rs 8.90 8.72 7.12 9.55 13.79 12.81 11.84 11.77 14.61 14.16 13.49 16.62 21.57
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
718 877 1,151 1,595 1,940 2,096 2,276 2,277 2,841 3,307 4,361 5,077 5,845
605 764 969 1,303 1,560 1,663 1,724 1,782 2,264 2,606 3,370 3,959 4,489
Operating Profit 114 114 182 292 379 433 552 495 576 701 991 1,118 1,356
OPM % 16% 13% 16% 18% 20% 21% 24% 22% 20% 21% 23% 22% 23%
10 65 8 11 34 33 36 60 59 47 117 100 104
Interest 19 22 24 14 12 12 9 8 8 20 34 19 30
Depreciation 16 17 22 31 49 54 73 83 93 133 172 198 212
Profit before tax 90 139 144 258 353 401 506 464 535 594 902 1,000 1,218
Tax % 29% 28% 33% 29% 31% 23% 10% 21% 24% 26% 21% 18%
Net Profit 64 101 96 184 243 310 457 367 408 442 710 820 999
EPS in Rs 5.74 8.03 7.11 13.50 17.81 22.58 33.24 26.58 29.54 32.03 46.83 54.03 65.84
Dividend Payout % 7% 12% 14% 15% 14% 14% 12% 15% 14% 12% 11% 11%
Compounded Sales Growth
10 Years: 19%
5 Years: 17%
3 Years: 21%
TTM: 24%
Compounded Profit Growth
10 Years: 26%
5 Years: 12%
3 Years: 27%
TTM: 29%
Stock Price CAGR
10 Years: 41%
5 Years: 30%
3 Years: 33%
1 Year: 22%
Return on Equity
10 Years: 20%
5 Years: 17%
3 Years: 16%
Last Year: 14%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
19 13 14 14 14 14 14 14 14 14 15 15 15
Reserves 191 307 511 669 869 1,141 1,595 1,898 2,261 2,577 5,271 6,024 6,503
239 249 217 122 115 151 120 84 49 519 370 305 269
220 228 387 504 624 629 554 619 821 997 1,308 1,285 1,626
Total Liabilities 661 797 1,129 1,309 1,621 1,935 2,283 2,615 3,145 4,106 6,965 7,628 8,413
253 294 475 524 530 872 943 996 1,184 1,668 2,118 2,423 2,439
CWIP 31 81 61 42 133 71 77 90 183 270 288 114 110
Investments 2 2 2 2 2 1 84 161 123 454 1,012 1,036 1,061
375 420 591 741 956 990 1,179 1,368 1,655 1,715 3,548 4,055 4,804
Total Assets 661 797 1,129 1,309 1,621 1,935 2,283 2,615 3,145 4,106 6,965 7,628 8,413

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
16 101 103 217 181 366 337 314 385 661 772 485
-91 -105 -145 -51 -146 -298 -236 -182 -320 -962 -2,470 -104
78 4 42 -142 -50 -48 -50 -100 -122 350 1,689 -175
Net Cash Flow 3 -0 0 24 -16 20 50 32 -56 49 -9 207

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 89 72 83 59 72 69 68 84 85 61 54 57
Inventory Days 141 142 131 127 130 124 136 141 126 145 152 175
Days Payable 106 76 131 116 122 115 90 116 121 112 118 116
Cash Conversion Cycle 124 137 84 69 80 78 113 110 90 94 89 116
Working Capital Days 79 79 69 49 55 54 72 89 92 71 73 98
ROCE % 29% 26% 26% 36% 41% 36% 34% 25% 25% 23% 21% 17%

Shareholding Pattern

Numbers in percentages

16 recently
Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
51.35 51.35 51.35 46.75 46.75 46.74 46.74 46.74 46.74 46.74 46.74 46.09
13.77 12.13 11.72 14.72 19.51 19.35 19.64 19.71 18.88 16.44 15.97 16.72
20.45 21.62 19.11 25.83 21.32 21.27 21.98 21.65 22.98 25.33 25.85 26.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.15
14.30 14.79 17.72 12.63 12.36 12.57 11.58 11.85 11.35 11.45 11.39 11.01
0.12 0.11 0.10 0.08 0.07 0.06 0.06 0.05 0.04 0.04 0.04 0.03

* The XBRL reporting format changed from Sep'2022 onwards. The new format added details about banks and foreign portfolio investors. These were not available earlier.
The sudden increase in FII or DII might be because of these changes.

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

Documents

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