NSE PIIND · BSE 523642 · Chemical Manufacturing · NIFTY 500
PI Industries Share Price
₹2,391.30
▼ −₹21.96 · 0.91%
Day range · 24 Sep
₹2,368.65Low₹2,403.60High
52-week range
₹2,193.60Low · 11 Sep 2026₹3,829.90High · 10 Nov 2025
PI Industries Overview
Where the price stands, how it has moved and how it sits against its averages.
PI Industries shares last traded at ₹2,391.30 on the NSE, down 0.91% on the day. That is 37.6% below the 52-week high of ₹3,829.90 and 9.0% above the 52-week low of ₹2,193.60. The stock trades at 31.03× earnings, above the sector average of 20.26. Its market value is ₹36,154 Cr.
Price returns
1 Day▼ −0.91%
1 Week0.00%
This month▲ +0.68%
3 Months▼ −13.14%
6 Months▼ −17.88%
This year▼ −26.32%
1 Year▼ −34.19%
Against the market: 1 Month ▼ −1.51% · 3 Months ▼ −10.62% · 6 Months ▼ −17.39% · This year ▼ −16.08% · 1 Year ▼ −27.80%
Shading grows with the size of the move. We ask our data provider for a newer price every 15 minutes while the market is open (9:15 AM–3:30 PM IST); next check from Mon 26 Oct, 9:15 AM. Its quotes are not real-time — the time at the top shows how current the price is.
Moving averages — price is above 3 of 6
- 300-day average₹2,909.64 ▼ price 17.8% below
- 100-day average₹2,690.13 ▼ price 11.1% below
- 50-day average₹2,547.11 ▼ price 6.1% below
- Today's price₹2,391.30
- 20-day average₹2,387.65 ▲ price 0.2% above
- 10-day average₹2,332.96 ▲ price 2.5% above
- 5-day average₹2,332.32 ▲ price 2.5% above
Each average is the mean closing price over that many trading days; averages above the current price sit higher on the ladder.
PI Industries Financial Results
Revenue and net profit in ₹ crore, with the full statements underneath.
7,978
6,714
1,682
1,321
Year by year
| Fiscal year | Revenue | Growth | Net profit | Net margin | EPS | Dividend |
|---|---|---|---|---|---|---|
| FY 2026 | ₹6,714 Cr | ▼ −15.8% | ₹1,321 Cr | 19.7% | ₹87.06 | ₹15.00 |
| FY 2025 | ₹7,978 Cr | ▲ +4.1% | ₹1,660 Cr | 20.8% | ₹109.42 | ₹16.00 |
| FY 2024 | ₹7,666 Cr | ▲ +18.1% | ₹1,682 Cr | 21.9% | ₹110.83 | ₹15.00 |
| FY 2023 | ₹6,492 Cr | ▲ +22.5% | ₹1,230 Cr | 18.9% | ₹81.04 | ₹10.00 |
| FY 2022 | ₹5,300 Cr | ▲ +15.8% | ₹844 Cr | 15.9% | ₹55.62 | ₹6.00 |
| FY 2021 | ₹4,577 Cr | ▲ +36.0% | ₹738 Cr | 16.1% | ₹49.89 | ₹5.00 |
| FY 2020 | ₹3,367 Cr | — | ₹457 Cr | 13.6% | ₹33.08 | ₹4.00 |
2,221
1,702
508
244
Quarter by quarter
| Quarter | Revenue | vs prev. qtr | Net profit | Net margin | EPS |
|---|---|---|---|---|---|
| Q1 FY27 | ₹1,702 Cr | ▲ +8.8% | ₹244 Cr | 14.3% | ₹16.10 |
| Q4 FY26 | ₹1,565 Cr | ▲ +13.8% | ₹200 Cr | 12.8% | ₹13.19 |
| Q3 FY26 | ₹1,376 Cr | ▼ −26.5% | ₹311 Cr | 22.6% | ₹20.52 |
| Q2 FY26 | ₹1,872 Cr | ▼ −1.5% | ₹409 Cr | 21.9% | ₹26.98 |
| Q1 FY26 | ₹1,901 Cr | ▲ +6.3% | ₹400 Cr | 21.0% | ₹26.36 |
| Q4 FY25 | ₹1,787 Cr | ▼ −6.0% | ₹331 Cr | 18.5% | ₹21.78 |
| Q3 FY25 | ₹1,901 Cr | ▼ −14.4% | ₹373 Cr | 19.6% | ₹24.55 |
| Q2 FY25 | ₹2,221 Cr | — | ₹508 Cr | 22.9% | ₹33.50 |
Balance sheet — FY26
Owes (liabilities)Shareholders' equity
16%
84%
- Total assets₹13,444 Cr
- Total liabilities₹2,213 Cr
- Shareholders' equity₹11,231 Cr
- Total debt₹342 Cr
- Cash & investments₹3,533 Cr
- Current ratio4.22×
- Revenue growth, 5 yr7.96% a year
- EPS growth, 5 yr11.78% a year
- Operating margin (TTM)18.99%
- Net margin (TTM)17.88%
Cash flow — FY26
Operating activities
▲ ₹474 Cr
Investing activities
▼ −₹614 Cr
Financing activities
▼ −₹171 Cr
Free cash flow
▼ −₹644 Cr
Net change in cash
▼ −₹309 Cr
Right of the line = cash coming in, left = cash going out. Free cash flow = cash from operations minus capital spending.
Full financial statements, FY20–FY26
| ₹ crore | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| Total revenue | 3,366.50 | 4,577.00 | 5,299.50 | 6,492.00 | 7,665.80 | 7,977.80 | 6,713.70 |
| Cost of revenue | 1,882.70 | 2,605.70 | 2,960.90 | 3,595.10 | 3,877.50 | 3,808.00 | 2,870.20 |
| Gross profit | 1,483.80 | 1,971.30 | 2,338.60 | 2,896.90 | 3,788.30 | 4,169.80 | 3,843.50 |
| Operating expenses | 2,785.40 | 3,735.70 | 4,355.80 | 5,176.30 | 5,957.50 | 6,135.10 | 5,311.60 |
| Operating income | 581.10 | 841.30 | 943.70 | 1,315.70 | 1,708.30 | 1,842.70 | 1,402.10 |
| Depreciation | 136.70 | 174.80 | 201.80 | 226.50 | 308.20 | 352.50 | 406.60 |
| Profit before tax | 613.80 | 938.50 | 1,032.80 | 1,444.30 | 1,894.70 | 2,142.00 | 1,696.10 |
| Tax | 157.20 | 200.20 | 189.00 | 214.80 | 213.20 | 481.80 | 375.30 |
| Net profit | 456.60 | 738.30 | 843.80 | 1,229.50 | 1,681.50 | 1,660.20 | 1,320.80 |
| EPS (₹) | 33.08 | 49.89 | 55.62 | 81.04 | 110.83 | 109.42 | 87.06 |
| Dividend per share (₹) | 4.00 | 5.00 | 6.00 | 10.00 | 15.00 | 16.00 | 15.00 |
| ₹ crore | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| Total assets | 4,224.80 | 7,001.90 | 7,791.10 | 8,479.70 | 10,764.00 | 12,276.70 | 13,443.70 |
| Current assets | 2,008.70 | 4,493.10 | 4,963.90 | 5,662.30 | 6,678.50 | 6,952.20 | 7,494.70 |
| Cash & short-term investments | 288.90 | 2,333.30 | 2,263.50 | 3,220.50 | 3,950.20 | 3,759.50 | 3,532.70 |
| Inventory | 833.30 | 1,090.50 | 1,494.20 | 1,443.10 | 1,352.50 | 1,033.90 | 1,265.60 |
| Property, plant & equipment | 1,970.90 | 2,269.20 | 2,396.80 | 2,556.90 | 3,127.40 | 3,702.40 | 4,433.30 |
| Total liabilities | 1,605.70 | 1,659.50 | 1,670.70 | 1,281.20 | 2,033.00 | 2,119.70 | 2,213.20 |
| Current liabilities | 1,100.50 | 1,257.00 | 1,348.20 | 1,181.80 | 1,710.60 | 1,727.70 | 1,776.70 |
| Total debt | 517.40 | 327.50 | 316.30 | 46.50 | 190.60 | 184.10 | 342.30 |
| Total equity | 2,619.10 | 5,342.40 | 6,120.40 | 7,198.50 | 8,731.00 | 10,157.00 | 11,230.50 |
| ₹ crore | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| From operations | 698.10 | 724.90 | 528.70 | 1,501.40 | 2,035.90 | 1,413.00 | 474.00 |
| From investing | −985.10 | −2,430.30 | −110.40 | −496.20 | −1,800.50 | −1,424.20 | −613.50 |
| From financing | 350.00 | 1,690.40 | −177.30 | −483.10 | −221.60 | −286.50 | −171.00 |
| Capital expenditure | −674.30 | −439.00 | −337.10 | −326.30 | −620.40 | −850.00 | −1,117.80 |
| Dividends paid | −74.80 | −60.70 | −75.80 | −113.70 | −174.40 | −227.60 | −227.80 |
| Net change in cash | 63.00 | −15.00 | 241.00 | 522.10 | 13.80 | −294.20 | −309.00 |
PI Industries vs Peers
Side by side with other chemical manufacturing companies. The small bars compare each column.
| Company | Price | Change | Market cap | P/E | P/B | ROE (5 yr) | Net margin | Div. yield |
|---|---|---|---|---|---|---|---|---|
| PI Industries This stock | ₹2,391.30 | ▼ −0.91% | ₹36,154 Cr | 31.03 | 3.23 | 16.63% | 17.88% | 0.63% |
| Asian Paints | ₹2,399.00 | ▼ −2.21% | ₹2,30,112 Cr | 58.09 | 12.06 | 24.22% | 12.35% | 1.02% |
| Solar Industries India | ₹19,589.95 | ▼ −0.66% | ₹1,77,270 Cr | 99.61 | 26.62 | 30.43% | 17.65% | 0.06% |
| Pidilite Industries | ₹1,527.50 | ▼ −3.69% | ₹1,55,481 Cr | 64.76 | 14.71 | 21.84% | 16.92% | 0.73% |
| SRF | ₹2,524.90 | ▼ −0.60% | ₹74,844 Cr | 44.57 | 6.07 | 15.85% | 11.62% | 0.31% |
| Linde India | ₹6,197.50 | ▼ −1.44% | ₹52,855 Cr | 110.53 | 14.22 | — | 21.69% | 0.06% |
Peer prices and ratios as last reported by the data provider. Company names link to their own pages.
PI Industries Key Metrics
Each ratio placed against a benchmark — the sector average, the company's own 5-year average, or a common rule of thumb.
PI IndustriesBenchmarkRule-of-thumb bands
Valuation The price against earnings, book value and sales
P/E (TTM)Price ÷ yearly earnings per share
31.03
▲ 53% above the sector average of 20.26
P/E, 12-month rangeLow 31.23 · high 59.41
0%
Today's P/E sits 0% of the way from its low to its high
P/BPrice ÷ book value per share
3.23
P/SMarket cap ÷ last 12 months' revenue
5.55
P/CFPrice ÷ cash flow per share
22.93
PEGP/E ÷ earnings growth rate
12.86
Profitability Of every ₹100 of sales, how much is kept?
Gross marginKept after the cost of goods
57.63%
▲ above its 5-yr average of 49.89%
Operating marginKept after running costs
18.99%
▼ below its 5-yr average of 21.12%
Pre-tax marginKept before tax
23.18%
▼ below its 5-yr average of 24.04%
Net marginKept as profit
17.88%
▼ below its 5-yr average of 19.72%
Returns & efficiency How well does it use its money?
Return on equityProfit on shareholders' money
12.35%
▼ below its 5-yr average of 16.63%
Return on assetsProfit on everything it owns
10.27%
▼ below its 5-yr average of 13.60%
Return on investmentProfit on long-term capital
11.89%
▼ below its 5-yr average of 16.02%
Return on capital employedProfit before interest and tax on equity + debt
15.48%
Growth Is the business getting bigger?
Revenue — last 12 months
−16.6%
▼ shrinking
Revenue — 3 yr, a year
+1.1%
▲ growing
Revenue — 5 yr, a year
+8.0%
▲ growing
Net profit — 3 yr, a year
+2.4%
▲ growing
Net profit — 5 yr, a year
+12.3%
▲ growing
EPS — last 12 months
−27.7%
▼ shrinking (off the scale)
EPS — 3 yr, a year
+2.4%
▲ growing
EPS — 5 yr, a year
+11.8%
▲ growing
Dividend — 3 yr, a year
+14.5%
▲ growing
Book value — 5 yr, a year
+16.0%
▲ growing
Financial strength Can it pay its bills and debts?
Debt to equityBorrowings for every ₹1 of shareholders' money
0.03×
Current ratioShort-term assets for every ₹1 due within a year
4.22×
Quick ratioLike the current ratio, without inventory
3.51×
Interest coverOperating profit ÷ interest to pay
72.70×
Payout ratioShare of profit paid as dividend
17.23%
Per share What each share stands for
EPS (TTM)
₹76.79
Book value
₹739.34
Cash flow
₹104.07
Dividend
₹15.00
Revenue
₹429.49
The share price is 3.23× the book value behind each share.
Benchmarks: sector averages and 5-year averages come from the data provider; the debt and liquidity bands are common rules of thumb, not investment advice.
All 109 metrics from the data provider
Valuation
P/E excluding extraordinary items, most recent fiscal year27.41
Current Dividend Yield - Common Stock Primary Issue, LTM0.63
Price to Book - most recent fiscal year3.23
P/E Basic excluding extraordinary items - TTM33.27
P/E including extraordinary items - TTM31.07
P/E excluding extraordinary items low, trailing 12 months31.23
Price to Tangible Book - most fiscal year3.61
Dividend Yield - 5 Year Average0.39
Price to sales - most recent fiscal year5.39
Dividend Yield - indicated annual dividend divided by closing price0.63
Price to Cash Flow per share - trailing 12 month22.93
Peg Ratio12.86
P/E Normalized, most recent fiscal year29.07
P/E excluding extraordinary items high, trailing 12 months59.41
P/E excluding extraordinary items, most recent fiscal year quarter31.07
Price to sales - trailing 12 month5.56
Net Debt, LFY−31,904.00
Per share
Dividend Per Share - 5 year average12.40
Cash Flow per share - trailing 12 month104.07
Cash Flow per share - most recent fiscal year113.86
EPS including extraordinary items - trailing 12 month76.79
EPS including extraordinary items - most recent fiscal year87.06
EBITD per share - trailing 12 month102.03
Revenue/share - trailing 12 month429.49
EPS excluding extraordinary items - trailing 12 month76.79
EPS Basic excluding extraordinary items - most recent fiscal year87.06
EPS Basic excluding extraordinary items - trailing 12 month76.79
Book value per share - most recent fiscal year739.36
Dividend per share - most recent fiscal year15.00
Revenue/share - most recent fiscal year442.51
EPS Normalized - most recent fiscal year82.07
Book value (tangible) per share - most recent fiscal year659.29
Dividends per share - trailing 12 month15.00
EPS excluding extraordinary items - most recent fiscal year87.06
Cash per share - most recent fiscal year232.58
Margins
Operating margin - trailing 12 month18.99
Gross Margin - 5 year average49.89
Operating margin - 1st historical fiscal year20.88
Operating Margin - 5 year average21.12
Net Profit Margin % - 1st historical fiscal year19.67
Gross Margin - 1st historical fiscal year57.25
Net Profit Margin % - trailing 12 month17.88
Net Profit Margin - 5 year average19.72
Pretax Margin - 5 year average24.04
Pretax margin - 1st historical fiscal year25.26
Pretax margin - trailing 12 month23.18
Free Operating Cash Flow/Revenue, 5 Year Average5.51
Gross Margin - trailing 12 month57.63
Growth
EPS Change %, TTM over TTM−27.68
Revenue growth rate, 5 year7.96
EPS growth rate, 5 year11.78
Revenue Change % - most recent quarter 1 year ago−10.43
Growth rate% - dividend, 3 year14.47
Growth rate% - EPS, 3 year2.42
Revenue/share (5 yr growth)7.43
Tangible Book Value, Total Equity, 5 Year CAGR14.07
Earnings Before Interest, Taxes, Depreciation & Amortization, 5 Year Interim CAGR8.45
Capital Spending growth rate, 5 year20.55
Revenue Change %, TTM over TTM−16.57
Growth rate% - Revenue, 3 year1.13
Book value per share growth rate, 5 year16.01
EPS Change % - most recent quarter 1 year ago−38.92
Net Profit Margin growth rate, 5 year4.05
Earnings Before Interest, Taxes, Depreciation & Amortization, 5 Year CAGR10.91
Total Debt, 5 Year CAGR0.89
Financial strength
Free Cash Flow - most recent fiscal year−8,716.00
LT debt/equity - most recent fiscal year0.02
Quick ratio - most recent fiscal year3.51
Payout ratio - trailing 12 month13.04
Current ratio - most recent fiscal year4.22
Current EV/Free Cash Flow, LFY86.45
Total debt/total equity - most recent fiscal year0.03
Net Interest coverage - trailing 12 month72.70
Payout ratio - most recent fiscal year17.23
Returns & efficiency
Return on average equity - 5 year average16.63
Net Income/employee - trailing 12 month31,09,154.00
Revenue/employee - most recent fiscal year1,83,08,430.00
Return on investment - most recent fiscal year11.89
Return on average assets - most recent fiscal year10.27
Receivables turnover - most recent fiscal year3.26
Inventory turnover - most recent fiscal year2.50
Revenue/employee - trailing 12 month1,73,88,580.00
Return on average assets - 5 year average13.60
Net Income/employee - most recent fiscal year36,01,855.00
Asset turnover - most recent fiscal year0.52
Return on average equity - most recent fiscal year12.35
Return on investment - 5 year average16.02
Price & volume
Market Cap36,286.42
52 week Low Date11 Sep 2026
Price - 1 Day % Change−1.00
Relative (S&P500) price percent change - 13 week−10.62
Avg trading volume last 10 days0.37
Price - 13 week price percent change−13.14
Price - 52 week price percent change−34.19
Avg Trading Volume Last 3 months5.78
Price - 5 Day % Change5.76
Price % Change Month To Date0.68
Relative (S&P500) price percent change - 04 week−1.51
52 week High Date10 Nov 2025
Price - 26 week price percent change−17.88
PDATE23 Sep 2026
Price - YTD price percent change−26.32
Relative (S&P500) price percent change - 52 week−27.80
NPRICE2,386.00
Relative (S&P500) price percent change - 26 week−17.39
52 week Low2,191.00
52 week High3,832.90
Beta1.48
Relative (S&P500) price percent change - Year to Date−16.08
Dividends & Corporate Events
Payouts to shareholders, splits and bonus issues, and company meetings — newest first.
₹16.00
₹15.00
- Dividend yield0.63%
- Payout ratio17.23%
- 5-year average dividend₹12.40 a share
- Latest dividend₹10.00 per share · 7 Aug 2026
Corporate calendar
- MeetingAnnual General Meeting
- BoardQuarterly Results
- Dividend₹10.00 per share · 1,000% · Final dividend
- BoardAudited Results & Final Dividend
- Dividend₹5.00 per share · 500% · Interim dividend
- BoardQuarterly Results & Interim Dividend
- BoardQuarterly Results
- MeetingAnnual General Meeting
Show 13 older events
- BoardQuarterly Results
- Dividend₹10.00 per share · 1,000% · Final dividend
- BoardAudited Results & Final Dividend
- Dividend₹6.00 per share · 600% · Interim dividend
- BoardQuarterly Results & Interim Dividend
- BoardQuarterly Results
- MeetingAnnual General Meeting
- Dividend₹9.00 per share · 900% · Final dividend
- Dividend₹6.00 per share · 600% · Interim dividend
- MeetingAnnual General Meeting
- Dividend₹5.50 per share · 550% · Final dividend
- Dividend₹4.50 per share · 450% · Interim dividend
- MeetingAnnual General Meeting
About PI Industries
Chemical Manufacturing
PI Industries Limited is a holding company, which is engaged in the manufacturing and distribution of agrochemicals. It operates through two segments: Agrochemicals and Pharma. The Company's agrochemical product portfolio includes insecticides, such as KEEFUN, COLT, OSHEEN, COLFOS, FOSMITE, FLUTON, JUMBO, and SNAILKILL, among others; fungicides, including KITAZIN, SANIPEB, CLUTCH, HEADER, VISMA, SHIELD, and WAGON; herbicide lineup products like SOLARO, WICKET, NOMINEE GOLD, PIMIX, LEGACEE, MELSA, and ELITE. Furthermore, the Company's specialty products include BIOVITA GRANULES, BIOVITA LIQUID, SUPER SPREADER, and HUMESOL. It provides services such as Research and Development (R&D), Custom Synthesis and Manufacturing Solutions (CSM), and Distribution Services. Its subsidiaries are Jivagro Limited, PI Health Sciences Limited, PI Life Science Research Limited, PI Japan Co. Limited, PILL Finance and Investments Limited, PI Bioferma Private Limited, and PI Fermachem Private Limited.
Key people
- Mayank SinghalExecutive Vice Chairman of the Board, Managing Director
- Sanjay AgarwalGroup Chief Financial Officer and Head- Strategy and Integrated Development Cell
- Shruti Ratnakar JoshiCompliance Officer, Company Secretary
- Atul Kumar GuptaAdditional Whole Time Director
Company facts
- NSE symbolPIIND
- BSE code523642
- ISININE603J01030
- IndustryChemical Manufacturing
- IndexNIFTY 500
- Market cap₹36,154 Cr
- Revenue (FY26)₹6,714 Cr
- Net profit (FY26)₹1,321 Cr
In the News
Recent headlines about PI Industries — they open on Mint in a new tab.
- PI Industries bets on innovation-led growth as agrochem headwinds mount
PI Industries aims to offset earnings declines and global agrochemical headwinds by shifting from contract manufacturing to proprietary R&D and non-agri diversification.
4 Sep 2026 · 3 min read · Mint ↗ - Upcoming IPO: Bharat PET receives SEBI approval to raise ₹760 crore through public issue
Bharat PET Limited has received SEBI approval for its IPO to raise ₹760 crore. The offering includes a fresh issue of ₹120 crore and an OFS of ₹640 crore, involving selling shareholders. Proceeds will fund debt repayment and capital expenditures.
28 Aug 2026 · 2 min read · Mint ↗
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Frequently Asked Questions
PI Industries (NSE: PIIND) last traded at ₹2,391.30 on the NSE, down 0.91% (₹21.96) on the day, as of 24 Sep 2026, 9:28 AM IST. On the BSE it was ₹2,383.00. The day's range was ₹2,368.65 – ₹2,403.60.
PI Industries's 52-week high is ₹3,829.90 (10 Nov 2025) and its 52-week low is ₹2,193.60 (11 Sep 2026). At ₹2,391.30 the share is 37.6% below its high and 9.0% above its low.
PI Industries's market capitalisation is ₹36,154 Cr (₹36,154 Cr). It is part of the NIFTY 500 index.
PI Industries's P/E ratio (trailing 12 months) is 31.03. The sector average is 20.26, so investors pay 53% more for each rupee of its earnings than for the average company in its sector. Its earnings per share (TTM) are ₹76.79.
PI Industries shares are down 34.19% over the last year, down 26.32% so far this year, down 17.88% over 6 months, down 13.14% over 3 months. Over the last year the stock did 27.80% worse than the market.
In FY26 (year to Mar 2026), PI Industries reported revenue of ₹6,714 Cr (down 15.85% on the year before) and a net profit of ₹1,321 Cr. Earnings per share were ₹87.06.
Yes. PI Industries's latest dividend is ₹10.00 per share (1,000%, final dividend), with an ex-date of 7 Aug 2026. The dividend yield is 0.63%. It has paid 8 dividends in the records shown on this page.
As of Jun 2026: Promoter 46.09%, FII 14.83%, MF 22.31%, Other 16.77%.
PI Industries's listed peers in Chemical Manufacturing include Asian Paints, Solar Industries India, Pidilite Industries, SRF, Linde India. By market capitalisation it ranks #6 of 6 in this group.
PI Industries is almost debt-free — its debt-to-equity ratio is 0.03 and total debt was ₹342 Cr in FY26.