Is PI Industries a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that PI Industries Ltd is a good quality company .

Is PI Industries undervalued or overvalued?

The key valuation ratios of PI Industries Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone .

What is PI Industries share price return in the past 10 years?

PI Industries Ltd share price has appreciated 25.6% annually (CAGR) over the past ten years.

Is PI Industries a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of PI Industries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

PI Industries Ltd - Stock Valuation and Financial Performance

Name: PI Industries
Brand: PI Industries

BSE: 523642 | NSE: PIIND | Pesticides & Agrochemicals | Mid Cap

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PI Industries Share Price

₹4,187.70 -79.75 -1.87%
as on 18-Nov'24 16:59

10 Year X-Ray of PI Industries:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	40.2%	35.5%	33.8%	25.2%	25.1%	23.1%	22.1%	17.4%	21.8%	24.1%	-
Value Creation Index ⓘ	1.9	1.6	1.5	0.9	0.9	1.1	1.0	0.6	0.9	1.2	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	1,940	2,096	2,277	2,277	2,841	3,367	4,577	5,300	6,492	7,666	7,928
Sales YoY Gr.	-	8%	8.6%	0%	24.8%	18.5%	36%	15.8%	22.5%	18.1%	-
Adj EPS ⓘ	17.4	22.1	32.5	25.1	29	31.7	47.2	55.8	79.8	110.6	117
YoY Gr.	-	26.9%	47.1%	-22.9%	15.7%	9.2%	48.8%	18.3%	43.1%	38.6%	-
BVPS (₹) ⓘ	65.6	84.6	117.2	138.7	165.1	190.1	351.8	402.9	473.8	574.5	629.2
Adj Net Profit ⓘ	238	303	448	346	401	437	715	846	1,211	1,677	1,775
Cash Flow from Ops. ⓘ	184	367	339	319	391	698	725	529	1,501	2,036	-
Debt/CF from Ops. ⓘ	0.6	0.4	0.4	0.3	0.1	0.7	0.5	0.5	0	0.1	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	16.5%	22%	18.8%	18.1%
Adj EPS ⓘ	22.8%	30.7%	32.9%	38.6%
BVPSⓘ	27.3%	28.3%	17.8%	21.3%
Share Price	25.6%	23.5%	13.5%	12.4%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	29.9	29.3	32	19.5	19	17.8	18	14.8	18.2	21.1	19.4
Op. Profit Mgn % ⓘ	19.7	20.8	24.4	21.8	20.4	21.4	22.2	21.7	23.8	26.5	27.8
Net Profit Mgn % ⓘ	12.3	14.5	19.7	15.2	14.1	13	15.6	16	18.7	21.9	22.4
Debt to Equity ⓘ	0.1	0.1	0.1	0	0	0.2	0.1	0	0	0	0
Working Cap Days ⓘ	175	212	220	313	284	253	224	244	218	196	160
Cash Conv. Cycle ⓘ	36	50	57	78	57	61	54	58	56	36	116

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 19.40%

Sales growth is growing at healthy rate in last 3 years 18.76%

Net Profit is growing at healthy rate in last 3 years 32.85%

Sales growth is good in last 4 quarters at 10.51%

No data to display

Latest Financials - PI Industries Ltd.

	Standalone	Consolidated
TTM EPS (₹)	127.1	117
TTM Sales (₹ Cr.)	7,491	7,928
BVPS (₹.) ⓘ	631.7	629.2
Reserves (₹ Cr.) ⓘ	9,568	9,530
P/BV ⓘ	6.60	6.63
PE ⓘ	32.83	35.65

From the Market
52 Week Low / High (₹)	3060.00 / 4801.40
All Time Low / High (₹)	0.42 / 4801.40
Market Cap (₹ Cr.)	63,283
Equity (₹ Cr.)	15.2
Face Value (₹)	1
Industry PE ⓘ	43.2

Management X-Ray of PI Industries:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of PI Industries

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of PI Industries

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	1,940	2,096	2,277	2,277	2,841	3,367	4,577	5,300	6,492	7,666
Operating Expenses ⓘ	1,565	1,663	1,722	1,782	2,271	2,647	3,559	4,154	4,948	5,638
Manufacturing Costs	215	153	167	182	224	268	332	398	463	572
Material Costs	1,064	1,159	1,163	1,169	1,550	1,847	2,571	2,923	3,553	3,838
Employee Cost	143	193	223	243	265	321	417	480	527	701
Other Costs ⓘ	143	158	169	188	233	211	239	353	405	527
Operating Profit ⓘ	375	433	555	496	570	720	1,018	1,146	1,544	2,028
Operating Profit Margin (%)	19.3%	20.7%	24.4%	21.8%	20.0%	21.4%	22.2%	21.6%	23.8%	26.5%
Other Income ⓘ	42	35	37	60	68	49	125	101	159	208
Interest ⓘ	12	12	9	7	7	19	34	16	39	44
Depreciation ⓘ	50	54	73	83	93	137	175	202	227	308
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	355	403	510	466	538	614	939	1,033	1,444	1,895
Tax ⓘ	109	91	50	98	128	157	200	189	215	213
Profit After Tax	246	312	459	368	410	457	738	844	1,230	1,682
PAT Margin (%)	12.7%	14.9%	20.2%	16.1%	14.4%	13.6%	16.1%	15.9%	18.9%	21.9%
Adjusted EPS (₹)	18.0	22.7	33.4	26.6	29.7	33.1	48.6	55.5	80.9	110.6
Dividend Payout Ratio (%)	14%	14%	12%	15%	13%	12%	10%	11%	12%	14%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	895	1,160	1,613	1,915	2,278	2,624	5,348	6,124	7,201	8,733
Share Capital ⓘ	14	14	14	14	14	14	15	15	15	15
Reserves ⓘ	882	1,146	1,599	1,901	2,264	2,610	5,332	6,109	7,186	8,718
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	81	124	83	46	10	508	257	170	0	62
Long Term Debt	17	122	83	46	10	399	257	170	0	62
Short Term Debt	65	2	0	0	0	108	0	0	0	0
Trade Payables	354	366	288	369	513	591	796	924	838	1,148
Others Liabilities ⓘ	591	679	795	1,464	1,062	1,319	1,631	1,780	1,892	2,533
Total Liabilities ⓘ	1,922	2,329	2,779	3,794	3,863	5,042	8,032	8,997	9,931	12,476
Fixed Assets
Gross Block	705	928	1,071	1,207	1,486	2,292	2,747	3,254	3,614	4,821
Accumulated Depreciation	172	54	126	209	301	434	609	802	1,009	1,292
Net Fixed Assetsⓘ	533	874	945	998	1,186	1,858	2,138	2,453	2,606	3,528
CWIP ⓘ	133	71	77	90	183	271	288	115	132	278
Investmentsⓘ	1	0	83	161	129	150	872	900	1,016	1,336
Inventories	378	395	432	452	536	799	1,053	1,423	1,398	1,301
Trade Receivables	383	398	424	527	662	647	704	869	772	930
Cash Equivalents	34	56	133	131	89	134	1,476	1,410	2,243	2,704
Others Assetsⓘ	460	535	685	1,436	1,079	1,183	1,502	1,829	1,765	2,398
Total Assets ⓘ	1,922	2,329	2,779	3,794	3,863	5,042	8,032	8,997	9,931	12,476

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	184	367	339	319	391	698	725	529	1,501	2,036
PBT ⓘ	355	403	510	466	538	614	939	1,033	1,444	1,895
Adjustment ⓘ	46	58	74	55	122	164	81	199	108	149
Changes in Working Capital ⓘ	-97	2	-123	-105	-150	26	-130	-528	205	367
Tax Paid ⓘ	-119	-96	-121	-96	-118	-105	-165	-175	-256	-375
Cash Flow From Investing Activity ⓘ	-146	-303	-235	-181	-322	-985	-2,430	-110	-496	-1,801
Capex	-169	-319	-141	-170	-368	-669	-438	-336	-323	-619
Net Investments	0	-6	-110	-38	27	101	-2,016	159	-259	-701
Others ⓘ	22	21	16	27	19	-417	23	67	85	-481
Cash Flow From Financing Activityⓘ	-53	-48	-53	-106	-125	350	1,690	-177	-483	-222
Net Proceeds from Shares ⓘ	4	10	8	2	3	8	5	0	0	0
Net Proceeds from Borrowing ⓘ	-39	0	-27	0	0	0	0	0	0	0
Interest Paid ⓘ	-11	-10	-7	-5	-5	-18	-24	-9	-34	-45
Dividend Paid ⓘ	-30	-73	-25	-66	-83	-75	-61	-76	-114	-174
Others ⓘ	24	25	-2	-37	-40	435	1,770	-93	-335	-2
Net Cash Flow ⓘ	-15	16	50	33	-56	63	-15	241	522	14

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	30.99	30.32	33.14	20.84	19.57	18.63	18.52	14.71	18.45	21.11
ROCE (%)	40.23	35.53	33.77	25.18	25.1	23.13	22.09	17.4	21.84	24.14
Asset Turnover Ratio	1.28	1.03	0.93	0.7	0.79	0.79	0.73	0.65	0.71	0.71
PAT to CFO Conversion(x)	0.75	1.18	0.74	0.87	0.95	1.53	0.98	0.63	1.22	1.21
Working Capital Days
Receivable Days	53	65	63	75	72	68	51	52	44	39
Inventory Days	58	64	63	70	60	69	70	82	76	62
Payable Days	111	113	103	102	104	109	98	107	91	94

PI Industries Ltd Stock News

PI Industries Ltd FAQs

What is the share price of PI Industries?

Company share prices are keep on changing according to the market conditions. The closing price of PI Industries on 18-Nov-2024 16:59 is ₹4,187.7.

What is the market cap of PI Industries?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 18-Nov-2024 16:59 the market cap of PI Industries stood at ₹63,283.1.

What is the P/E ratio of PI Industries?

The latest P/E ratio of PI Industries as of 18-Nov-2024 16:59 is 32.83.

What is the P/B ratio of PI Industries?

The latest P/B ratio of PI Industries as of 18-Nov-2024 16:59 is 6.60.

What is the 52-week high and low of PI Industries?

The 52-week high of PI Industries is ₹4,801.4 and the 52-week low is ₹3,060.

What is the TTM revenue of PI Industries?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of PI Industries is ₹7,491 ( Cr.) .

About PI Industries Ltd

Incorporated in 1947, PI Industries focuses on complex chemistry solutions in agri and pharma sciences. With the strength of employees, PI Industries currently operates a strong infrastructure set-up consisting of many formulation facilities as well as various multi-product plants under its manufacturing locations. These state-of-the-art facilities have integrated process development teams with in-house engineering capabilities. The Company maintains a strong research presence through its R&D facility at Udaipur.

The facility includes advanced research and development labs, kilo plants and pilot plants with NABL certification. Over the years, the Company has successfully leveraged its capabilities across the Agri-sciences value chain by providing integrated and innovative solutions to its customers by partnering with the best. Its business approach is built on the foundation of trust, integrity and IP protection. PI Industries has formed partnerships with leading companies globally where it provides solutions across the fields of research & development, regulatory services, manufacturing services, application development, marketing, distribution and customer connect initiatives.

Business area of the company

PI Industries is engaged in the business of- Agri inputs, Fine Chemicals and (CRAMS) Contract Research and Manufacturing Services), Polymers and Engineering Services.

Products:

Agrochemicals
Fungicides
Herbicides
Specialty Products

Achievements & Accreditations

1947-1980

R&D recognized by Ministry of Science and Technology.

1980-2000

ISO 9002 and 14001 Certifications.

2000-2005

Accredited by OHSAS 18001 and ISO 17025.
Launched 8 new Products in Indian Market.
Introduced 10 Global Products in CSM.

2005-2012

Recognized as Power Brands Hall of Fame - Corporate Leader of the Year Award.
Certificate of Excellence for outstanding performance in Supplier Sustainability by Bayer Group of Companies.

2012-2013

Best Supplier Award at Agrow Awards.
Green Manufacturing Excellence Award by Frost and Sullivan.

2013-2014

Certificate of Appreciation from National Safety Council of India.
India’s Best CEO Award by Business Today to CMD, Mr. Salil Singhal.
Best Manager with Strategic Vision Award to MD, Mr. Mayank Singhal at Agrow Awards.
Golden Peacock Award for Environment Management.
Business Impact Award, Enterprise Security & Innovation to IT Department by 9.9 Mediaworx.
Udyog Rattan Award to MD, Mr Mayank Singhal by Institute of Economic Studies.

2014-2015

Best CEO Award to Mr. Salil Singhal , Business India Mindrush.
Lifetime Achievement Award to Mr. Salil Singhal , 7th International Agriculture Summit.
EY Entrepreneur of the Year Award to Mr. Salil Singhal.
Certificate of Excellence - Winner Global Sourcing - Outstanding Performance by Bayer Group of Companies.
Green Manufacturing Excellence Award by Frost and Sullivan.

2015-2016

Awarded Silver Trophy for safety by National Safety Council of India.
Golden Peacock Awards for Quality.
Flame Awards Asia 2016 for Brand Building.

2016-2018

Frost & Sullivan Award.
Social Change Award.
Global Sourcing -Outstanding Performance Award.
Shreshtha Suraksha Puraskar.
Golden Peacock Awards for Quality.
Recertification of ISO 14001:2015 and OHSAS 18001:2007.
ISO 27001:2013 certification for implementation of information security.

2019

Lifetime achievement award to Mr. Salil Singhal.
Golden Peacock Award for CSR in Chemical and Fertiliser Segment.

Milestones

1947-1980

Established marketing network across India.
Installed Agchem technical plant.
Diversified into mining and mineral processing business. Later hived off into a separate company named as Wolkem India Ltd.
First export of Agchem formulation.
Started AgChem Formulation and Marketing under VEGFRU brand.

1980-2000

Changed name to PI Industries Ltd.
Diversified into Polymer Compounding.
Diversified into Custom Synthesis & Manufacturing.
Diversified into Energy Metering: later rechristened as Secure Meters Ltd.
Set up manufacturing site at Panoli (Gujarat).
Installation of Phorate technical Plant.
Set up a turnkey Agchem Manufacturing Unit in the Middle East.

2000-2005

Divested polymer business.
Expansion of R&D Centre at Udaipur.
Started Formulation plant at Jammu.

2005-2012

Successfully commissioned a new manufacturing site at Jambusar, Gujarat.
PI-Sony Research Initiative.
Divested Polymer Compounding business.
Expansion of Custom Synthesis & Manufacturing (CSM) facilities (Built two new MPPs in Panoli).

2013-2014

New Formulation site setup at Panoli (Gujarat).

2014-2015

Established office in Germany.
Commercialized three new molecules for custom synthesis exports.

2015-2016

Solinnos Agro - a Joint Venture with Mitsui Chemicals Agro (MCAG) and PI.
Established a State-of-the-Art R&D center (P. P Singhal Research Centre at Udaipur, Rajasthan).
Established a new operations office at Vadodara (Gujarat).
Upgraded to SAP Hana.
Two world class Multi Product Plants commissioned at Jambusar (Gujarat).

2017- 2018

PI Industries and Kumiai Chemical Industry Co. Ltd. establish a Joint Venture in India
Entry into Sugarcane Crop Protection market with launch of COSKO.
The Iconic brand “NOMINEE GOLD” completes 10 years.

2019-2020

Acquisition of Isagro Asia Agrochemicals Private Ltd.
Commissioning of multi product facility at Jambusar Site.
Entered in to agri-solutions like mechanised Spray Machines.
Silver Jubilee celebration of Panoli manufacturing unit.
PI Industries to acquire entire stake in Isagro Asia Agrochemicals
PI Industries has incorporated a wholly owned subsidiary named 'Jivagro’ on December 12, 2019
PI Industries has completed its acquisition of Isagro (Asia) Agrochemicals from Isagro Spa and its affiliates, a deal which was signed in Nov, 2019.
PI Industries has started commercial production of newly set-up unit of the company situated at Gujarat with effect from March 11, 2020.
PI Industries has incorporated two wholly owned subsidiary Companies namely ‘PI Enzachem’ and ‘PI Fermachem’ on September 11, 2020.