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    PI Industries Limited

    Udaipur-based agrochemical & life-sciences maker: crop protection, CSM custom synthesis, pharma APIs.

    Chemicals
    Commodities
    View PIIND earnings calls
    ₹2,803.6
    -4.48% from avg

    Overview

    Price

    ₹2,803.6

    Market Cap

    ₹41.6k Cr

    Sector

    Chemicals

    Commodities

    Rank

    5

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital1415151515151515
    Reserves2.6k5.3k6.1k7.2k8.7k10.1k10.8k11.2k
    Borrowings51937331646191184242342
    Other Liabilities1.1k1.3k1.4k1.2k1.8k1.9k2.2k1.8k
    Total Liabilities4.2k7.0k7.8k8.5k10.7k12.2k13.3k13.4k
    AssetsFixed Assets1.9k2.1k2.5k2.6k3.5k4.2k4.4k4.6k
    CWIP2712881141322785506101.0k
    Investments1508729001.0k1.3k1.5k1.4k1.4k
    Other Assets1.9k3.7k4.3k4.7k5.6k6.0k6.9k6.4k
    Total Assets4.2k7.0k7.8k8.5k10.7k12.2k13.3k13.4k

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating3916987255291.5k2.0k1.4k474
    Cash from Investing-322-985-2.4k-110-496-1.8k-1.4k-612
    Cash from Financing-1253501.7k-177-483-222-286-171
    SummaryCapital Expenditure
    Free Cash Flow23292871921.2k1.4k575-632
    FCF Margin

    Valuation

    Assumptions

    Current — PIIND
    Price
    ₹2,804
    EPS (TTM)
    ₹87.06
    PE (TTM)
    32.2
    Profit growth
    2.4%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (34.9×) and current (32.2×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹2,804
    vs
    Fair value · 15% return
    ₹1,302
    54%Overvalued

    At 2.4% growth and a 32× exit, ₹2804 only delivers your return if you pay ₹1,302. The price is currently baking in 18% growth.

    EPS grows 2.4%/yr for 5 years, then fades to 6% over 2, exits at 32×.

    YearGrowthEPS (₹)
    FY272.4%89.15
    FY282.4%91.29
    FY292.4%93.48
    FY302.4%95.72
    FY312.4%98.02
    FY324.2% ·fade102.14
    FY336.0% ·fade108.27

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

    Learn to analyse PI Industries Limited

    Guides on how to read this kind of business and the numbers that matter.