P I Industries Ltd

P I Industries Ltd

₹ 3,631 -0.78%
24 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

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 55,087 Cr.
  • Current Price 3,631
  • High / Low 4,040 / 3,060
  • Stock P/E 32.8
  • Book Value 575
  • Dividend Yield 0.28 %
  • ROCE 23.8 %
  • ROE 21.1 %
  • Face Value 1.00

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 33.1% CAGR over last 5 years

Cons

  • 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
1,197 1,194 1,354 1,356 1,395 1,543 1,770 1,613 1,566 1,910 2,117 1,898 1,741
970 945 1,063 1,060 1,090 1,198 1,338 1,198 1,223 1,443 1,566 1,344 1,299
Operating Profit 227 249 292 296 305 346 432 415 343 468 551 554 442
OPM % 19% 21% 22% 22% 22% 22% 24% 26% 22% 24% 26% 29% 25%
44 31 28 26 21 28 33 51 51 52 49 58 60
Interest 4 3 3 3 3 4 11 9 3 4 8 7 11
Depreciation 45 49 49 50 54 56 56 57 58 70 80 78 80
Profit before tax 222 228 267 269 269 314 398 400 332 445 512 526 411
Tax % 19% 18% 14% 17% 24% 16% 16% 12% 16% 14% 6% 15% 10%
180 187 230 223 204 262 335 352 281 383 480 449 370
EPS in Rs 11.85 12.34 15.13 14.67 13.47 17.30 22.07 23.19 18.49 25.24 31.67 29.57 24.35
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1,151 1,596 1,940 2,096 2,277 2,277 2,841 3,366 4,577 5,300 6,492 7,666
969 1,300 1,558 1,661 1,722 1,781 2,261 2,647 3,559 4,154 4,948 5,651
Operating Profit 183 295 382 435 555 496 580 720 1,018 1,146 1,544 2,015
OPM % 16% 19% 20% 21% 24% 22% 20% 21% 22% 22% 24% 26%
8 11 35 34 36 60 58 50 129 105 166 218
Interest 24 14 12 12 9 7 7 19 34 16 39 30
Depreciation 22 32 50 54 73 83 93 137 175 202 226 308
Profit before tax 145 261 355 403 510 466 538 614 938 1,033 1,444 1,895
Tax % 33% 28% 31% 23% 10% 21% 24% 26% 21% 18% 15% 11%
97 188 246 312 459 368 410 457 738 844 1,230 1,682
EPS in Rs 7.18 13.81 18.00 22.72 33.39 26.66 29.72 33.06 48.66 55.62 81.04 110.83
Dividend Payout % 14% 14% 14% 14% 12% 15% 13% 12% 10% 11% 12% 14%
Compounded Sales Growth
10 Years: 17%
5 Years: 22%
3 Years: 19%
TTM: 18%
Compounded Profit Growth
10 Years: 24%
5 Years: 33%
3 Years: 32%
TTM: 37%
Stock Price CAGR
10 Years: 28%
5 Years: 26%
3 Years: 12%
1 Year: 4%
Return on Equity
10 Years: 20%
5 Years: 18%
3 Years: 18%
Last Year: 21%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 14 14 14 14 14 14 14 14 15 15 15 15
Reserves 518 681 883 1,157 1,613 1,911 2,272 2,605 5,327 6,105 7,183 8,716
217 122 115 151 120 83 49 519 373 316 46 191
386 501 622 626 554 618 820 1,087 1,287 1,354 1,235 1,842
Total Liabilities 1,135 1,318 1,633 1,949 2,301 2,626 3,155 4,225 7,002 7,791 8,480 10,764
478 527 533 874 945 998 1,186 1,858 2,138 2,452 2,606 3,633
CWIP 61 42 133 71 77 90 183 271 288 114 132 173
Investments 1 1 1 0 83 161 129 150 872 900 1,016 1,336
596 748 967 1,003 1,196 1,378 1,657 1,946 3,704 4,325 4,726 5,621
Total Assets 1,135 1,318 1,633 1,949 2,301 2,626 3,155 4,225 7,002 7,791 8,480 10,764

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
102 219 184 367 339 319 391 698 725 529 1,501 2,036
-145 -50 -146 -303 -235 -180 -322 -985 -2,430 -110 -496 -1,800
45 -145 -53 -48 -53 -106 -125 350 1,690 -177 -483 -222
Net Cash Flow 3 24 -15 16 50 33 -56 63 -15 241 522 14

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 83 59 72 69 68 84 85 70 56 60 43 44
Inventory Days 131 126 124 124 136 141 126 158 149 178 144 124
Days Payable 130 116 116 115 90 115 121 117 113 115 86 109
Cash Conversion Cycle 84 70 80 78 113 110 90 111 93 122 101 59
Working Capital Days 69 50 55 54 72 89 87 81 79 101 71 112
ROCE % 26% 36% 41% 36% 34% 25% 25% 23% 22% 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.

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

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