| Quarterly Financials | Jun 2018 | Sept 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sept 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sept 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 |
Revenue  | 616 | 735 | 722 | 827 | 766 | 918 | 869 | 863 | 1,073 | 1,191 | 1,201 | 1,241 | 1,225 | 1,382 | 1,383 | 1,416 | 1,571 | 1,803 | 1,664 | 1,616 | 1,962 | 2,166 | 1,955 | 1,801 | 2,144 | 2,344 | 1,977 | 1,862 | 1,989 | 1,957 |
| Expenses | 487 | 588 | 558 | 631 | 602 | 715 | 663 | 669 | 831 | 878 | 887 | 970 | 945 | 1,063 | 1,060 | 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 | 1,381 | 1,331 |
| EBITDA | 129 | 147 | 164 | 196 | 165 | 204 | 206 | 194 | 242 | 314 | 314 | 272 | 280 | 319 | 323 | 326 | 374 | 465 | 466 | 394 | 519 | 600 | 611 | 502 | 658 | 751 | 588 | 530 | 608 | 626 |
| Operating Profit % | 20 % | 19 % | 21 % | 22 % | 20 % | 21 % | 22 % | 22 % | 22 % | 24 % | 24 % | 19 % | 21 % | 22 % | 22 % | 22 % | 22 % | 24 % | 26 % | 22 % | 24 % | 26 % | 29 % | 25 % | 28 % | 28 % | 27 % | 25 % | 27 % | 29 % |
| Depreciation | 22 | 23 | 24 | 25 | 30 | 32 | 32 | 44 | 43 | 43 | 44 | 45 | 49 | 49 | 50 | 54 | 56 | 56 | 57 | 58 | 70 | 80 | 78 | 80 | 83 | 80 | 99 | 90 | 97 | 98 |
| Interest | 2 | 1 | 1 | 1 | 2 | 3 | 4 | 8 | 10 | 8 | 7 | 4 | 3 | 3 | 3 | 3 | 4 | 11 | 9 | 3 | 4 | 8 | 7 | 11 | 8 | 9 | 8 | 8 | 4 | 3 |
| Profit Before Tax | 105 | 123 | 140 | 170 | 133 | 169 | 170 | 142 | 190 | 263 | 264 | 222 | 228 | 267 | 269 | 269 | 314 | 398 | 400 | 333 | 445 | 512 | 526 | 411 | 566 | 663 | 481 | 432 | 507 | 525 |
| Tax | 23 | 28 | 32 | 44 | 31 | 46 | 49 | 31 | 44 | 45 | 68 | 43 | 41 | 37 | 47 | 65 | 52 | 63 | 48 | 52 | 63 | 32 | 77 | 42 | 118 | 155 | 108 | 102 | 107 | 116 |
| Net Profit | 82 | 95 | 108 | 126 | 102 | 123 | 121 | 111 | 146 | 218 | 195 | 180 | 187 | 230 | 223 | 204 | 262 | 335 | 352 | 281 | 383 | 481 | 449 | 370 | 449 | 508 | 373 | 331 | 400 | 409 |
| EPS in ₹ | 5.97 | 6.87 | 7.78 | 9.13 | 7.35 | 8.95 | 8.76 | 8.03 | 10.52 | 14.61 | 12.83 | 11.96 | 12.34 | 15.15 | 14.67 | 13.49 | 17.30 | 22.07 | 23.20 | 18.49 | 25.24 | 31.67 | 29.59 | 24.36 | 29.59 | 33.51 | 24.55 | 21.79 | 26.37 | 26.98 |
PI Industries
PI Industries
3,395.60
-36.60
(-1.07%)
Market Cap
₹51,517.40 Cr
PE Ratio
34.52
Volume
92,982.00
Day High - Low
₹3,453.40 - ₹3,391.10
52W High-Low
₹4,330.00 - ₹2,951.10
Key Fundamentals
Market Cap
51,517.40 Cr
EPS
109.44
PB Ratio
4.82
Book Value
713.62
EBITDA
2,523.20
Dividend Yield
0.47 %
Industry
Chemicals Sector
Pesticides & Agrochemicals ROE Growth %
-
Debt to Equity
0.02
Analyst Rating and Forecast
- By Refinitiv from23 analysts
Actual
Company News
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PI Industries reported revenue of Rs. 18,723 million in Q2 FY26, marking a 16% decline from the previous year due to global crop protection industry headwinds, excessive rainfall in domestic markets, and regulatory disruptions in biologicals. The company expects recovery from Q4 FY26 based on customer delivery schedules and improved Rabi season prospects, while maintaining its long-term growth strategy across AgSciences, Pharma CRDMO, and Specialty Chemicals segments.
PI Industries announced its quarterly results with revenue from operations reaching ₹17,526 million compared to ₹17,691 million in the previous quarter. The company reported a profit of ₹4,911 million for the current quarter versus ₹4,643 million in the prior quarter. For the half-year period, revenue increased to ₹35,217 million from ₹41,432 million in the previous year, while profit declined to ₹9,554 million from ₹10,569 million. The company operates in agrochemicals manufacturing and distribution as its primary business segment. Total expenses for the quarter were ₹12,183 million. The Board of Directors approved these unaudited standalone and consolidated financial results at their meeting. Basic earnings per share stood at ₹32.36 for the quarter compared to ₹30.61 in the previous quarter.
PI Industries reported Q2 consolidated net profit of 4.09 billion rupees, down from 5.08 billion rupees in the same quarter last year. Revenue declined to 18.72 billion rupees from 22.2 billion rupees year-over-year. EBITDA decreased to 5.43 billion rupees from 6.28 billion rupees, while EBITDA margin improved to 29.02% from 28.32% in the previous year.
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Peer Comparison Compare Peers on Screener
Competitors | LTP | Market Cap (₹ Cr.) | P/E Ratio | Revenue (₹ Cr.) | YoY Revenue Growth % | Net Profit (₹ Cr.) | YoY Profit Growth % | RSI |
|---|---|---|---|---|---|---|---|---|
758.65 | #1 63,977.95 | 26.83 | #1 47,123.00 | 8.13 | 820 | #1 204.62 | 63.58 | |
3,395.60 | #2 51,517.40 | #7 34.52 | #2 8,322.00 | #9 5.70 | #1 1,660 | #8 -19.46 | 32.30 | |
466.00 | 23,260.19 | 41.82 | 3,268.60 | 11.19 | 506 | -7.64 | 40.34 | |
4,658.40 | 20,935.82 | 33.71 | 5,593.10 | 7.89 | 568 | 12.03 | 46.82 | |
862.65 | 7,782.87 | #1 15.42 | 4,379.40 | #1 35.89 | 304 | 75.47 | 59.39 | |
1,236.60 | 5,574.39 | 18.54 | 2,071.30 | 15.49 | 297 | 27.97 | 35.41 | |
263.65 | 5,127.17 | 31.33 | 2,631.40 | 6.54 | 164 | -274.07 | 50.01 | |
10,402.00 | 4,322.31 | 32.19 | 1,199.00 | 12.53 | 141 | -13.08 | 49.74 | |
190.89 | 3,845.00 | -52.48 | 1,242.60 | -30.48 | -92 | -83.22 | 47.96 | |
245.26 | 3,180.26 | 273.35 | 449.80 | 9.63 | 14 | 1.85 | 43.49 |
Automatic Screeners on ScanX
Growth Rate
Revenue Growth
5.70 %
Net Income Growth
-1.27 %
Cash Flow Change
-30.60 %
ROE
-15.11 %
ROCE
-3.01 %
EBITDA Margin (Avg.)
7.40 %
Quarterly Financial Results
Balance Sheet
| Balance Sheet | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Total Assets | 1,633 | 1,949 | 2,301 | 2,626 | 3,155 | 4,225 | 7,002 | 7,791 | 8,480 | 10,764 | 12,277 |
| Fixed Assets | 533 | 874 | 945 | 998 | 1,186 | 1,858 | 2,138 | 2,453 | 2,606 | 3,528 | 4,209 |
| Current Assets | 922 | 956 | 1,218 | 1,462 | 1,691 | 2,009 | 4,493 | 4,964 | 5,662 | 6,679 | 6,952 |
| Capital Work in Progress | 133 | 71 | 77 | 90 | 183 | 271 | 288 | 115 | 132 | 278 | 550 |
| Investments | 0 | 0 | 83 | 161 | 129 | 150 | 872 | 900 | 1,016 | 1,336 | 1,531 |
| Other Assets | 967 | 1,003 | 1,196 | 1,378 | 1,657 | 1,946 | 3,704 | 4,325 | 4,726 | 5,621 | 5,986 |
| Total Liabilities | 1,633 | 1,949 | 2,301 | 2,626 | 3,155 | 4,225 | 7,002 | 7,791 | 8,480 | 10,764 | 12,277 |
| Current Liabilities | 659 | 591 | 551 | 614 | 812 | 1,101 | 1,257 | 1,348 | 1,182 | 1,711 | 1,728 |
| Non Current Liabilities | 77 | 186 | 123 | 88 | 58 | 505 | 403 | 323 | 99 | 322 | 392 |
| Total Equity | 897 | 1,171 | 1,627 | 1,925 | 2,285 | 2,619 | 5,342 | 6,120 | 7,199 | 8,731 | 10,157 |
| Reserve & Surplus | 883 | 1,157 | 1,613 | 1,911 | 2,272 | 2,605 | 5,327 | 6,105 | 7,183 | 8,716 | 10,142 |
| Share Capital | 14 | 14 | 14 | 14 | 14 | 14 | 15 | 15 | 15 | 15 | 15 |
Cash Flow
| Cash Flow | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Net Cash Flow | -15 | 16 | 50 | 33 | -56 | 63 | -15 | 241 | 522 | 14 | -294 |
| Investing Activities | -146 | -303 | -235 | -181 | -322 | -985 | -2,430 | -110 | -496 | -1,801 | -1,421 |
| Operating Activities | 184 | 367 | 339 | 319 | 391 | 698 | 725 | 529 | 1,501 | 2,036 | 1,413 |
| Financing Activities | -53 | -48 | -53 | -106 | -125 | 350 | 1,690 | -177 | -483 | -222 | -287 |
Share Holding
| % Holding | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 |
| Promoter | 46.74 % | 46.74 % | 46.74 % | 46.74 % | 46.74 % | 46.74 % | 46.09 % | 46.09 % | 46.09 % | 46.09 % | 46.09 % | 46.09 % | 46.09 % | 46.09 % | 46.09 % | 46.09 % | 46.09 % | 46.09 % | 46.09 % |
| FIIs | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 20.01 % | 0.00 % | 20.26 % | 18.76 % | 19.02 % | 18.46 % | 18.05 % | 16.97 % | 16.42 % |
| DIIs | 17.77 % | 17.37 % | 16.70 % | 17.31 % | 18.50 % | 18.83 % | 26.16 % | 24.39 % | 24.21 % | 23.95 % | 23.28 % | 21.92 % | 24.34 % | 26.00 % | 26.36 % | 27.21 % | 27.57 % | 29.35 % | 30.40 % |
| Government | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % |
| Public / Retail | 8.67 % | 7.99 % | 8.12 % | 8.12 % | 8.17 % | 8.12 % | 7.67 % | 8.18 % | 8.30 % | 8.37 % | 8.10 % | 7.90 % | 7.08 % | 6.95 % | 6.38 % | 6.11 % | 6.26 % | 5.68 % | 5.17 % |
| Others | 26.82 % | 27.89 % | 28.43 % | 27.83 % | 26.58 % | 26.31 % | 20.08 % | 21.34 % | 21.40 % | 21.59 % | 2.53 % | 24.10 % | 2.22 % | 2.21 % | 2.16 % | 2.14 % | 2.02 % | 1.91 % | 1.92 % |
| No of Share Holders | 0 | 0 | 99,487 | 1,01,416 | 1,22,989 | 1,40,279 | 1,51,138 | 1,48,043 | 1,40,720 | 1,41,092 | 1,58,268 | 1,84,515 | 1,57,991 | 1,56,790 | 1,50,190 | 1,57,993 | 1,67,265 | 1,50,401 | 1,37,932 |
Dividend History
| Annual Cash Flows | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Per Share (₹) | 0.00 | 4 | 4 | 4 | 4 | 5 | 6 | 10 | 15 | 16 |
| Dividend Yield (%) | 0.00 | 0.45 | 0.39 | 0.34 | 0.18 | 0.18 | 0.2 | 0.26 | 0.44 | 0.47 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 12 Feb 2021 |  Dividend | ₹ 3.00 /share | 11 Feb 2021 | 1,999.25 | 2,228.20 |
| 08 Sept 2021 | Dividend | ₹ 2.00 /share | 06 Sept 2021 | 2,741.50 | 3,365.35 |
| 15 Feb 2022 | Dividend | ₹ 3.00 /share | 14 Feb 2022 | 2,518.70 | 2,539.55 |
| 27 Aug 2022 | Dividend | ₹ 3.00 /share | 25 Aug 2022 | 2,400.55 | 3,375.25 |
| 24 Feb 2023 | Dividend | ₹ 4.50 /share | 24 Feb 2023 | 3,117.85 | 3,160.60 |
| 11 Aug 2023 | Dividend | ₹ 5.50 /share | 11 Aug 2023 | 3,256.15 | 3,876.35 |
| 21 Feb 2024 | Dividend | ₹ 6.00 /share | 21 Feb 2024 | 3,455.75 | 3,683.40 |
| 20 Aug 2024 | Dividend | ₹ 9.00 /share | 20 Aug 2024 | 3,575.30 | 4,327.90 |
| 27 Aug 2024 |  Annual General Meeting | NA | 27 Aug 2024 | 3,575.30 | 4,405.15 |
| 13 Nov 2024 |  Quarterly Result Announcement | NA | 13 Nov 2024 | 4,359.75 | 4,545.45 |
| 06 Feb 2025 | Quarterly Result Announcement | NA | 06 Feb 2025 | 3,526.65 | 3,596.80 |
| 14 Feb 2025 | Dividend | ₹ 6.00 /share | 14 Feb 2025 | 3,596.80 | 3,226.65 |
| 19 May 2025 | Quarterly Result Announcement | NA | 19 May 2025 | 3,639.70 | 3,770.05 |
| 07 Aug 2025 | Dividend | ₹ 10.00 /share | 07 Aug 2025 | 3,770.05 | 4,085.70 |
| 12 Aug 2025 | Quarterly Result Announcement | NA | 12 Aug 2025 | 4,137.10 | 3,853.70 |
| 14 Aug 2025 | Annual General Meeting | NA | 14 Aug 2025 | 3,770.05 | 3,772.70 |
| 11 Nov 2025 | Quarterly Result Announcement | NA | 11 Nov 2025 | 3,685.30 | 3,820.50 |
Announcements
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
1 day ago
1 day agoAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation7 days ago
7 days agoAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation7 days ago
7 days agoAnnouncement under Regulation 30 (LODR)-Earnings Call Transcript10 days ago
10 days agoAnnouncement under Regulation 30 (LODR)-Change in Management10 days ago
10 days agoAnnouncement under Regulation 30 (LODR)-Cessation10 days ago
10 days agoAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation10 days ago
10 days agoAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationNov 14, 2025
Nov 14, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationNov 13, 2025
Nov 13, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeNov 12, 2025
Nov 12, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseNov 11, 2025
Nov 11, 2025Results For The Quarter And Half Year Ended September 30 2025Nov 11, 2025
Nov 11, 2025Board Meeting Outcome for Outcome Of Board Meeting Held On November 11 2025Nov 11, 2025
Nov 11, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationNov 05, 2025
Nov 05, 2025Board Meeting Intimation for Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter And Half Year Ended September 30 2025.Nov 04, 2025
Nov 04, 2025Announcement under Regulation 30 (LODR)-CessationOct 27, 2025
Oct 27, 2025Announcement under Regulation 30 (LODR)-Change in ManagementOct 27, 2025
Oct 27, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationOct 09, 2025
Oct 09, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Oct 03, 2025
Oct 03, 2025Disclosures under Reg. 29(1) of SEBI (SAST) Regulations 2011Oct 03, 2025
Oct 03, 2025Closure of Trading WindowSep 26, 2025
Sep 26, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 25, 2025
Sep 25, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 24, 2025
Sep 24, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 23, 2025
Sep 23, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 22, 2025
Sep 22, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 22, 2025
Sep 22, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 19, 2025
Sep 19, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 15, 2025
Sep 15, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 15, 2025
Sep 15, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 15, 2025
Sep 15, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 15, 2025
Sep 15, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 15, 2025
Sep 15, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 15, 2025
Sep 15, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 15, 2025
Sep 15, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 08, 2025
Sep 08, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 04, 2025
Sep 04, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 03, 2025
Sep 03, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 28, 2025
Aug 28, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 28, 2025
Aug 28, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 22, 2025
Aug 22, 2025Announcement under Regulation 30 (LODR)-Earnings Call TranscriptAug 21, 2025
Aug 21, 2025Saksham Niveshak - 100 Days Campaign - Request To Shareholders To Update KYC Details And Claim Unpaid/Unclaimed DividendsAug 21, 2025
Aug 21, 2025Shareholder Meeting / Postal Ballot-Scrutinizers ReportAug 14, 2025
Aug 14, 2025Shareholder Meeting / Postal Ballot-Outcome of AGMAug 14, 2025
Aug 14, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 14, 2025
Aug 14, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeAug 13, 2025
Aug 13, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseAug 12, 2025
Aug 12, 2025Results For The Quarter Ended June 30 2025Aug 12, 2025
Aug 12, 2025Board Meeting Outcome for Outcome Of Board MeetingAug 12, 2025
Aug 12, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 05, 2025
Aug 05, 2025Mutual Fund Holdings
Axis Midcap Direct Plan-Growth 
ICICI Prudential Multi Asset Fund Direct-Growth 
Mirae Asset Large & Midcap Fund Direct-Growth 
Invesco India Contra Fund Direct-Growth 
Canara Robeco Mid Cap Fund Direct - Growth 
Mahindra Manulife Large & Mid Cap Fund Direct - Growth 
Bandhan Large & Mid Cap Fund Direct-Growth 
Tata Flexi Cap Fund Direct - Growth 
Kotak Arbitrage Fund Direct-Growth 
HSBC India Export Opportunities Fund Direct-Growth 
DSP Midcap Direct Plan-Growth 
UTI Mid Cap Fund Direct-Growth Technical Indicators
RSI(14)
Neutral 35.38
ATR(14)
Less Volatile 70.50
STOCH(9,6)
Oversold 16.97
STOCH RSI(14)
Oversold 7.07
MACD(12,26)
Bearish -17.21
ADX(14)
Weak Trend 21.85
UO(9)
Bearish 45.84
ROC(12)
Downtrend And Accelerating -9.36
WillR(14)
Oversold -89.50
About PI Industries
PI Industries Limited is an agri-sciences company operating in both domestic and export markets. It has three manufacturing facilities in Gujarat and a Research & Development center in Udaipur. The company focuses on two main segments: Agro chemicals and Pharma. In the Agro chemicals segment, PI Industries engages in custom synthesis and manufacturing (CSM) for exports and domestic agri brands. The Pharma segment involves contract research, development, and manufacturing of active materials and intermediates for the pharmaceutical industry. PI Industries offers various services, including R&D, CSM, and distribution. Its product portfolio includes insecticides, fungicides, herbicides, and specialty products. The company has expanded through acquisitions, joint ventures, and investments in new facilities. PI Industries has also diversified into electronic chemicals and established international presence with offices in Germany and subsidiaries in the Netherlands and the United States.
Website
Chairperson NameNarayan K Seshadri
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