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PI Industries (PIIND) had a P/E of 30.0× on 6 Nov 2026, above the industry P/E of 14.4×, and the shares are 55% below their 52-week high. It earns ROCE of 15% and ROE of 7.9%, and sales and net profit grew 1.1% and 2.4% a year over 3 years. It has almost no debt, and its dividend yield is 0.9%. It is a small-cap company with a market cap of ₹26,321 Cr, ranked 4th of 72 Agricultural Inputs companies by market cap; the shares fell 52% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹1,753.00
Day high
₹1,758.00
Day low
₹1,716.40
Prev. close
₹1,770.00
Volume
14.5 L

Health check

3 fair · 3 to check
  • ReturnsBehind

    −51.9% over a year, better than 0 of 7 peers.

  • Price tagPricier

    P/E 30.0 vs industry 14.4.

  • GrowthSteady

    Sales +1.1%, profit +2.4% a year over 3 years.

  • ProfitabilityAverage

    ROCE 14.7% vs peer median 20.9%.

  • Balance sheetFair

    Practically debt-free, Piotroski 5 of 9.

  • Red flags5 to check

    Return on equity is low at 7.9%.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Agricultural Inputs

71 listed peers. Screen the industry

Small cap

₹26,321 Cr, #4 of 72 in its industry by size.

Defensive

Beta 0.38 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Sep 2026: sales ₹6,345 Cr · profit ₹878 Cr
Market cap
₹26,321 Cr
Small cap
P/E
30.0
Industry 14.4
Price to book
2.30
Peers 4.28
Dividend yield
0.86%
ROE
7.9%
Peers 16.2%
ROCE
14.7%
Peers 20.9%
Debt to equity
0.03
Debt ₹300 Cr
EPS (TTM)
₹57.87
Face value ₹1
OPM (TTM)
20.0%
Net margin 13.8%
Sales growth
−9.1%
Latest quarter vs a year ago
Profit growth
−70.1%
Latest quarter vs a year ago
Price to sales
4.15
EV/EBITDA 19.5

Strengths and risks

Strengths

  • Practically debt-free.
  • Positive operating cash flow in each of the last 4 years.

Risks to check

  • Return on equity is low at 7.9%.
  • Quarterly profit down 70.1% on a year ago.
  • Quarterly sales down 9.1% on a year ago.
  • P/E of 30.0 against an industry P/E of 14.4.
  • 55% below its 52-week high.

Derived automatically from reported figures. Not a recommendation.

About PI Industries

PI Industries Limited, together with its subsidiaries, manufactures and distributes of agricultural chemicals in India, rest of Asia, North America, Europe, and internationally. It operates through Agro Chemicals and Pharma segments. The company offers agrochemicals, including insecticides, fungicides, herbicides, and biologicals; crop solutions for soybeans, chili, sugarcane, rice, wheat, cotton, and corn, as well as horticulture products; and plant…

Headquarters
Gurugram
Employees
3,715
Sector
Basic Materials
ISIN
INE603J01030
Website
piindustries.com

Price range

52 weeks

₹1,716.40₹3,832.90

Today

₹1,716.40₹1,758.00
Avg volume (3M)
4.9 L
1-year return
minus 51.9%
From 52-week high
minus 54.7%

Analyst consensus

25 analysts
HoldMean target ₹2,359.72 plus 36.0%

Target range, with today’s price

Low ₹1,470.00High ₹5,300.00

Consensus from Yahoo Finance. Not a recommendation.

Peers · Agricultural Inputs

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
COROMANDELCoromandel International1,824.00minus 4.00%53,72434.517.020.9%9.4%0.1110.2%minus 12.4%
FACTFertilisers and Chemicals Travancore750.25minus 1.24%48,547–703.514.2%0.0%2.950.0%minus 15.3%
UPLUPL534.90plus 1.60%45,21423.96.09.9%20.0%0.83−1.2%minus 28.0%
PIINDPI Industries1,735.00minus 1.98%26,32130.013.114.7%24.2%0.031.1%minus 51.9%
SUMICHEMSumitomo Chemical India328.95plus 0.34%16,41929.421.021.0%20.3%0.02−2.6%minus 34.4%
CHAMBLFERTChambal Fertilizers & Chemicals384.70minus 0.91%15,4138.15.721.8%13.7%0.16−9.2%minus 19.4%
BAYERCROPBayer Cropscience3,316.30plus 0.48%14,90420.015.427.9%16.0%0.033.6%minus 31.7%
PARADEEPParadeep Phosphates142.32plus 2.51%14,78017.49.420.7%8.6%1.3828.8%minus 17.4%
Median of 7 peers–0.34%16,41922.015.420.9%13.7%0.160.0%−19.4%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrSep 25Dec 25Mar 26Jun 26Sep 26
1,8721,3761,5651,7021,702
1,3241,0651,2201,3301,463
549311345373239
29.3%22.6%22.1%21.9%14.0%
84.667.1766664.6
2.66.23.77.98.4
98105107104105
−7.396.6−10.3−5.2−6.4
525363301322184
22.1%14.2%33.4%24.1%33.6%
409311200244122
26.9820.5213.2016.108.05

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+1.1%
Profit CAGR 3Y
+2.4%
EPS CAGR 3Y
+2.4%
ROE
7.9%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
6,4587,6127,9036,670
–+17.9%+3.8%minus 15.6%
4,9015,5635,6164,902
1,5582,0492,2871,768
24.1%26.9%28.9%26.5%
121135231235
37.1303316.4
227308353407
29.249.49.2116
1,4441,8952,1421,696
14.9%11.3%22.5%22.1%
1,2301,6821,6601,321
–+36.8%minus 1.3%minus 20.4%
81.04110.83109.4287.06

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
15.215.215.215.2
7,1838,71610,14211,215
46.5191184342
1,2351,8421,9361,871
8,48010,76412,27713,444
2,5573,1773,7174,455
62.5222399777
3056.82341.7
3,2233,9493,7593,503
2,6083,3594,1684,707
8,48010,76412,27713,444

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
1,5012,0361,413474
−496−1,801−1,424−614
−483−222−286−171
52213.8−298−311
−326−620−850−1,118
1,1751,416563−644
−114−174−228−228

Shareholding pattern

Source: NSE filings
46.1%
promoters
  • Promoters46.09%
  • Public53.91%
  • Employee trusts0.01%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202646.09%53.91%0.00
30 Jun 202646.09%53.91%0.00
31 Mar 202646.09%53.90%0.00
31 Dec 202546.09%53.90%0.00
30 Sep 202546.09%53.90%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you