Live P I Industries Share Price Chart

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VOL 777

P I Industries Performance

Days Range

Low: ₹3,595.20
High: ₹3,674.00
Previous Close ₹3,659.50
Open ₹3,674.00
Volume 2,41,469
Day’s Range ₹3,595.20 - ₹3,674.00
52W Range ₹3,220.00 - ₹4,040.00
Market Cap ₹55,091 Cr

P I Industries Fundamentals

ROCE (TTM) 21.19
P/E Ratio (TTM) 32.76
P/B Ratio 6.31
Industry P/E 37.97
Debt to Equity 0.02
ROE 19.26
EPS (TTM) 110.83
Dividend Yield 0.41
Book Value 575.47
Face Value 1

P I Industries Financials

Jun 2023Sep 2023Dec 2023Mar 2024
Net Sales1,910.42,116.91,897.51,741
Expenses1,512.31,645.81,422.21,379.1
Profit before tax445.4512.2525.8411.3
Operating Profit382.9480.5448.6369.5
Net Profit382.9480.5448.6369.5
EPS in Rs25.2431.6729.5924.36

About P I Industries

History of the Company

PI Industries was founded in December 1946. It was initially incorporated by the name ‘Mewar Oil & General Mills Limited’. In the period 1947-1980, the company established its marketing network across India, installed the Agchem technical plant, and diversified into the mining and mineral processing business.  It started the AgChem Formulation, marketing under the VEGFRU brand. During this period, it also made its first export of Agchem formulation.

In the period 1980-2000, the company changed its name to PI Industries Ltd. During this time, it diversified into polymer compounding, custom synthesis and manufacturing and energy metering. It also set up a manufacturing site at Panoli (Gujarat) and installed a Phorate technical Plant.

During the period 2000-2005, the company divested its polymer business. It also expanded its R&D Centre at Udaipur and started a formulation plant at Jammu. During the next period of 2005-2012, PI Industries commissioned a new manufacturing site at Jambusar, Gujarat. On 5 November 2009, PI Industries Limited announced an investment of ₹50 crore into the company from Standard Chartered Private Equity (SCPE) via convertible preference shares and debentures. In 2011, the company announced the inauguration of its  PI-Sony Research Centre at Udaipur for research on synthetic organic chemicals for the electronics industry.

In 2014-2015, PI Industries commercialised three new molecules for custom synthesis exports. It also established an office in Germany in 2014-2015. In 2015-16, it commissioned two major Multi Product Plants at Jambusar in Gujarat. In June 2017, PI Industries announced an equal joint venture with Kumiai Chemical Industry Co., Ltd. Japan to manufacture and distribute Bispyribac Sodium. In FY 2022-23, the Company launched 7 new products, namely Distruptor, Brofreya, Dinoace, Taurus (Insecticide), Tomatough (Biostimulant), Provide (Herbicide) & Sectin (Fungicide).

Business Segments

PI Industries Limited (PI) is an agro-sciences company with a robust presence in both the domestic and export markets. Its revenues are divided into 2 main categories. It earns roughly 76% of its revenues from the active ingredients and intermediaries and around 23% of its revenues from the sale of formulations.

The company’s portfolio of chemicals includes:

  1. Insecticides – Top chemicals in this category include Tolfenpyrad 15% EC, Cypermethrin 25% EC, Dinotefuran 20% SG, etc.
  2. Fungicides – Top products in this category include Kitazin 48% EC, Propineb 70% WP, Pyraclostrobin 10% CS, etc.
  3. Herbicides – Top products in this category consists of Atrazine 50% WP, Clodinafop-Propargyl 15% WP, Bispyribac Sodium 10% SC, etc.

The company also produces speciality products widely used in farms across the globe. It is the biggest producer of generic molecules like Profenofos, Ethion and phorate in India.

As of FY 2021, It earns around 77% of its revenues from exports and the remaining 23% from domestic sales. In FY21, the company also entered into the pharma industry. It successfully developed and scaled up a COVID-19 drug intermediate.

Subsidiaries

PI Industries has the following major subsidiaries:

  1. PI Life Science Research Limited – This company is dedicated to developing new products.
  2. PI Japan Co. Limited – This company is meant to carry out the operations in Japan.
  3. Jivagro Limited – This company is engaged in the horticulture business.

PI Industries also has other subsidiaries such as PILL Finance and Investments Limited, PI Bioferma Private Limited, PI Fermachem Private Limited, PI Health Sciences Limited

Key Personnel

Mr. Mayank Singhal, Vice Chairman and Managing Director

Mr. Singhal became the company’s Joint Managing Director in 2004, its Managing Director and CEO in 2009 and finally, Vice Chairman and Managing Director in 2019. He has experience of over two decades in the fields of chemicals, intermediate and agrochemical industries. He has brought about major changes in the operations of the company and expanded its customer base.

Mr. Rajnish Sarna, Joint Managing Director

Mr. Sarna has been associated with PI for nearly 25 years. He has managed numerous portfolios in the company, from Finance, IT, Business Development, and CSM operations to mergers and acquisitions. His current role is focused on identifying new business opportunities, mergers and acquisitions and strategic initiatives, including joint ventures.

Corporate Actions

The following are some of the major corporate actions undertaken by the company in recent years.

Bonus Issue

The company had issued bonus shares in the following years:

  1. In 2009, the company issued bonus shares at a 1:1 ratio.
  2. In 2010, the company issued bonus shares at a 1:2 ratio.

Stock Split

The company conducted a stock split in the following years:

  1. In August 2011, the company conducted a stock split from ₹10 to ₹5 per share.
  2. In April 2013, the company conducted a stock split from ₹5 to ₹1 per share.

Mergers and Acquisitions

  • The company acquired a 100% stake in Isagro (India) Agrochemicals Pvt Ltd in December 2019 from Isagro S.p.A for a consideration of 443 crores.
  • The Company’s subsidiary, PI Health Sciences Limited, incorporated a wholly-owned subsidiary in the Netherlands i.e., PI Health Sciences Netherlands B.V on April 07, 2023 and acquired 100% shareholding in two companies i.e., Therachem Research Medilab (India) Private Limited and Solis Pharmachem Private Limited on June 02, 2023. 
  • PI Health Sciences Netherlands B.V. incorporated a wholly-owned subsidiary in the United States i.e., PI Health Sciences USA LLC, on April 24, 2023 and acquired 100% shareholding of Archimica S.p.A. on April 27, 2023.
Parent Organisation Indian Private
Founded 1946
Managing Director Narayan K Seshadri
NSE Symbol PIIND

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P I Industries FAQs

What is the Share price of P I Industries (PIIND)?

P I Industries (PIIND) share price as of May 24, 2024, on NSE is Rs 3,630.90 (NSE) and Rs 3,631.15 (BSE) on BSE.

Can I buy P I Industries (PIIND) shares?

Yes, You can buy P I Industries (PIIND) shares by opening a Demat account with Angel One.

How do I buy P I Industries (PIIND) from Angel One?

P I Industries (PIIND) share can be brought through the following modes:
  1. Direct investment: You can buy P I Industries (PIIND) shares by opening a Demat account with Angel One.
  2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to P I Industries (PIIND) shares.

What is the total Asset of Pi Industries?

The total asset of Pi Industries is Rs. 7,791 crores.

What is the main business of Pi Industries?

The main business of Pi Industries is to sell granular formations of agrochemicals, herbicides, fungicides, and other specialty products in India. Pi Industries has become the largest producer of generic molecules including Profenofos, Ethion, and Phorate.

Who are the promoters of Pi Industries?

The primary promoters of Pi Industries are Mayank Singhal, Madhu Singhal, Pooja Singhal, Salil Singhal, and Shefali Khushalani.

What are the Subsidiaries that comes under Pi Industries?

The seven subsidiaries that come under Pi Industries are PI Life Science Research Limited, PI Japan Co. Limited, PILL Finance and Investments Limited, Jivagro Limited, PI Bioferma Private Limited, PI Fermachem Private Limited, and PI Health Sciences Limited.