P I Industries Ltd

₹ 3,058 -3.17%
23 Sep - 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 46,399 Cr.
  • Current Price 3,058
  • High / Low 3,505 / 2,334
  • Stock P/E 50.5
  • Book Value 403
  • Dividend Yield 0.20 %
  • ROCE 17.3 %
  • ROE 14.7 %
  • Face Value 1.00

Pros

  • Company is almost debt free.
  • Company's median sales growth is 18.5% of last 10 years

Cons

  • Stock is trading at 7.58 times its book value
  • Promoter holding has decreased over last 3 years: -4.71%

* 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

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
754 907 850 855 1,060 1,158 1,162 1,197 1,194 1,354 1,356 1,395 1,543
602 715 663 669 831 878 887 970 945 1,063 1,060 1,090 1,198
Operating Profit 152 192 186 186 229 280 275 227 249 292 296 305 346
OPM % 20% 21% 22% 22% 22% 24% 24% 19% 21% 22% 22% 22% 22%
12 11 19 8 13 34 39 44 31 28 26 21 28
Interest 2 2 4 8 10 8 7 4 3 3 3 3 4
Depreciation 30 32 32 44 43 43 44 45 49 49 50 54 56
Profit before tax 133 169 170 142 190 263 264 222 228 267 269 269 314
Tax % 23% 27% 29% 22% 23% 17% 26% 19% 18% 14% 17% 24% 16%
Net Profit 102 123 121 111 146 218 195 180 187 230 223 204 262
EPS in Rs 7.36 8.93 8.77 8.02 10.54 14.34 12.88 11.85 12.34 15.13 14.67 13.47 17.30
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
720 879 1,151 1,596 1,940 2,096 2,277 2,277 2,841 3,366 4,577 5,300 5,649
603 733 969 1,300 1,558 1,661 1,722 1,781 2,261 2,647 3,559 4,150 4,410
Operating Profit 117 146 183 295 382 435 555 496 580 720 1,018 1,150 1,239
OPM % 16% 17% 16% 19% 20% 21% 24% 22% 20% 21% 22% 22% 22%
10 36 8 11 35 34 36 60 58 50 129 105 103
Interest 20 21 24 14 12 12 9 7 7 19 34 20 13
Depreciation 16 17 22 32 50 54 73 83 93 137 175 202 209
Profit before tax 91 143 145 261 355 403 510 466 538 614 938 1,033 1,119
Tax % 29% 28% 33% 28% 31% 23% 10% 21% 24% 26% 21% 18%
Net Profit 65 104 97 188 246 312 459 368 410 457 738 844 919
EPS in Rs 5.82 8.27 7.18 13.81 18.00 22.72 33.39 26.66 29.72 33.06 48.66 55.62 60.57
Dividend Payout % 8% 12% 14% 14% 14% 14% 12% 15% 13% 12% 10% 11%
Compounded Sales Growth
10 Years: 20%
5 Years: 18%
3 Years: 23%
TTM: 20%
Compounded Profit Growth
10 Years: 26%
5 Years: 13%
3 Years: 28%
TTM: 18%
Stock Price CAGR
10 Years: 40%
5 Years: 32%
3 Years: 32%
1 Year: -5%
Return on Equity
10 Years: 20%
5 Years: 17%
3 Years: 17%
Last Year: 15%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
19 13 14 14 14 14 14 14 14 14 15 15
Reserves 194 313 518 681 883 1,157 1,613 1,911 2,272 2,605 5,327 6,105
238 247 217 122 115 151 120 83 49 519 373 316
220 229 386 501 622 626 554 618 820 1,087 1,287 1,354
Total Liabilities 664 802 1,135 1,318 1,633 1,949 2,301 2,626 3,155 4,225 7,002 7,791
254 297 478 527 533 874 945 998 1,186 1,858 2,138 2,452
CWIP 33 81 61 42 133 71 77 90 183 271 288 114
Investments 1 1 1 1 1 0 83 161 129 150 872 900
376 423 596 748 967 1,003 1,196 1,378 1,657 1,946 3,704 4,325
Total Assets 664 802 1,135 1,318 1,633 1,949 2,301 2,626 3,155 4,225 7,002 7,791

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
21 104 102 219 184 367 339 319 391 698 725 529
-94 -105 -145 -50 -146 -303 -235 -180 -322 -985 -2,430 -110
75 2 45 -145 -53 -48 -53 -106 -125 350 1,690 -177
Net Cash Flow 2 1 3 24 -15 16 50 33 -56 63 -15 241

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 70 56 60
Inventory Days 122 142 131 126 124 124 136 141 126 158 149 178
Days Payable 92 76 130 116 116 115 90 115 121 117 113 115
Cash Conversion Cycle 119 137 84 70 80 78 113 110 90 111 93 122
Working Capital Days 79 80 69 50 55 54 72 89 87 81 79 101
ROCE % 30% 26% 26% 36% 41% 36% 34% 25% 25% 23% 22% 17%

Shareholding Pattern

Numbers in percentages

15 recently
Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
51.38 51.35 51.35 51.35 46.75 46.75 46.74 46.74 46.74 46.74 46.74 46.74
14.69 13.77 12.13 11.72 14.72 19.51 19.35 19.64 19.71 18.88 16.44 15.97
19.93 20.45 21.62 19.11 25.83 21.32 21.27 21.98 21.65 22.98 25.33 25.85
13.89 14.30 14.79 17.72 12.63 12.36 12.57 11.58 11.85 11.35 11.45 11.39
0.12 0.12 0.11 0.10 0.08 0.07 0.06 0.06 0.05 0.04 0.04 0.04

Documents

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