P I Industries Ltd

P I Industries Ltd

₹ 3,653 -2.04%
21 May 12:12 p.m.
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 55,420 Cr.
  • Current Price 3,653
  • High / Low 4,804 / 2,951
  • Stock P/E 33.4
  • Book Value 669
  • Dividend Yield 0.42 %
  • ROCE 22.6 %
  • ROE 17.6 %
  • Face Value 1.00

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 29.5% CAGR over last 5 years

Cons

  • Debtor days have increased from 50.7 to 64.3 days.
  • Working capital days have increased from 83.7 days to 127 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

Consolidated Figures in Rs. Crores / View Standalone

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
1,395 1,543 1,770 1,613 1,566 1,910 2,117 1,898 1,741 2,069 2,221 1,901 1,787
1,090 1,198 1,338 1,198 1,223 1,443 1,566 1,344 1,299 1,486 1,593 1,389 1,332
Operating Profit 305 346 432 415 343 468 551 554 442 583 628 512 456
OPM % 22% 22% 24% 26% 22% 24% 26% 29% 25% 28% 28% 27% 25%
21 28 33 51 51 52 49 58 60 75 123 76 75
Interest 3 4 11 9 3 4 8 7 11 8 8 8 8
Depreciation 54 56 56 57 58 70 80 78 80 83 80 99 90
Profit before tax 269 314 398 400 332 445 512 526 411 566 663 481 432
Tax % 24% 16% 16% 12% 16% 14% 6% 15% 10% 21% 23% 22% 24%
204 262 335 352 281 383 480 449 370 449 508 373 330
EPS in Rs 13.47 17.30 22.07 23.19 18.49 25.24 31.67 29.57 24.35 29.58 33.50 24.57 21.78
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
1,596 1,940 2,096 2,277 2,277 2,841 3,366 4,577 5,300 6,492 7,666 7,978
1,300 1,558 1,661 1,722 1,781 2,261 2,647 3,559 4,154 4,948 5,636 5,799
Operating Profit 295 382 435 555 496 580 720 1,018 1,146 1,544 2,030 2,179
OPM % 19% 20% 21% 24% 22% 20% 21% 22% 22% 24% 26% 27%
11 35 34 36 60 58 50 129 105 166 216 348
Interest 14 12 12 9 7 7 19 34 16 39 44 33
Depreciation 32 50 54 73 83 93 137 175 202 226 308 352
Profit before tax 261 355 403 510 466 538 614 938 1,033 1,444 1,895 2,142
Tax % 28% 31% 23% 10% 21% 24% 26% 21% 18% 15% 11% 22%
188 246 312 459 368 410 457 738 844 1,230 1,682 1,660
EPS in Rs 13.81 18.00 22.72 33.39 26.66 29.72 33.06 48.66 55.62 81.04 110.83 109.43
Dividend Payout % 14% 14% 14% 12% 15% 13% 12% 10% 11% 12% 14% 15%
Compounded Sales Growth
10 Years: 15%
5 Years: 19%
3 Years: 15%
TTM: 4%
Compounded Profit Growth
10 Years: 21%
5 Years: 29%
3 Years: 25%
TTM: -1%
Stock Price CAGR
10 Years: 18%
5 Years: 20%
3 Years: 13%
1 Year: 4%
Return on Equity
10 Years: 19%
5 Years: 18%
3 Years: 19%
Last Year: 18%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 681 883 1,157 1,613 1,911 2,272 2,605 5,327 6,105 7,183 8,716 10,142
122 115 151 120 83 49 519 373 316 46 191 184
501 622 626 554 618 820 1,087 1,287 1,354 1,235 1,822 1,936
Total Liabilities 1,318 1,633 1,949 2,301 2,626 3,155 4,225 7,002 7,791 8,480 10,744 12,277
527 533 874 945 998 1,186 1,858 2,138 2,452 2,606 3,528 4,375
CWIP 42 133 71 77 90 183 271 288 114 132 278 384
Investments 1 1 0 83 161 129 150 872 900 1,016 1,336 1,531
748 967 1,003 1,196 1,378 1,657 1,946 3,704 4,325 4,726 5,601 5,986
Total Assets 1,318 1,633 1,949 2,301 2,626 3,155 4,225 7,002 7,791 8,480 10,744 12,277

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
219 184 367 339 319 391 698 725 529 1,501 2,036 1,413
-50 -146 -303 -235 -180 -322 -985 -2,430 -110 -496 -1,800 -1,424
-145 -53 -48 -53 -106 -125 350 1,690 -177 -483 -222 -286
Net Cash Flow 24 -15 16 50 33 -56 63 -15 241 522 14 -298

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 70 56 60 43 44 64
Inventory Days 126 124 124 136 141 126 158 149 178 144 124 95
Days Payable 116 116 115 90 115 121 117 113 115 86 109 117
Cash Conversion Cycle 70 80 78 113 110 90 111 93 122 101 59 42
Working Capital Days 50 55 54 72 89 87 81 79 101 71 53 127
ROCE % 36% 41% 36% 34% 25% 25% 23% 22% 17% 22% 24% 23%

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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