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P I Industries Ltd share Price Today

Company details

3,785.60
3,864.60
3,220.00
4,040.00
6M Return 9.70%
1Y Return -2.02%
Mkt Cap.(Cr) 57,633.88
Volume 172,804
Div Yield 0.40%
OI
-
OI Chg %
-
Volume 172,804

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Agrochemicals company PI Industries announced FY24 results:

  • Overall 18% YoY revenue growth
  • 19% growth in Agchem Exports over a high base mainly on account of scale-up of existing products and introduction of 6 new products.
  • Biologicals products’ revenue increased by ~29% YoY.
  • Overheads increase attributable to the newly acquired Pharma businesses (~16%) and scale-up of Exports (~14%).
  • Overall favorable product mix and operating leverage reflected in improvement in EBITDA margin to 26%.
  • Net profit improved by 37% YoY attributable to EBITDA growth, low ETR.
  • Cash flow from operating activities increased ~16% to Rs 20,359 million (FY23 Rs 17,572 million).
  • Net fixed asset increase by Rs 7,902 million YoY.
  • Total capex for FY24 is Rs 10,823 million including Pharma1 acquired assets of Rs 4,972 million. The capex excluding this addition is Rs 5,851 million (FY23 Rs 3,385 million).
  • Trade working capital in terms of Days of Sales improved to 59 days as on 31- March-24 vs. 79 days as on 31-March-23. Inventory levels of Rs 13,012 million, reduced in terms of Days of Sales from 79 days as on 31-March-23 to 62 days.
  • Free Cash flow increased 20% to Rs 14,152 million (FY23 Rs 11,750 million).
  • Surplus cash net of debt is Rs 38,825 million
  • Proforma EBITDA for FY24, before development spend of ~Rs. 460 million, works out to ~12%.
  • Inventory of Rs 862 million reduced from Rs 865 million as on 31-Dec-23.
  • Capex FY24 of Rs 1,322 million

Result PDF

View Other Company Results

P I Industries Ltd shares SWOT Analysis

Strengths (13)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Company with high TTM EPS Growth
  • Effectively using its capital to generate profit - RoCE improving in last 2 years

Weakness (4)

  • MFs decreased their shareholding last quarter
  • Declining Revenue every quarter for the past 2 quarters
  • Declining profits every quarter for the past 2 quarters

Opportunity (1)

  • RSI indicating price strength

Threats (1)

  • Increasing Trend in Non-Core Income

Resistance and support

R1 3,847.0
R2 3,895.3
R3 3,926.0
Pivot

3,816.32

S1 3,768.0
S2 3,737.3
S3 3,689.0
EMA SMA
3,712.1
3,678.6
3,652.4
3,600.6
3,686.1
3,657.4
3,662.6
3,588.5
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
ISHARES CORE MSCI EMERGING MARKETS ETF Block Purchase 2022-11-14 3434.95 109358 NSE
ISHARES CORE EMERGING MARKETS MAURITIUS CO Block Sell 2022-11-14 3434.95 109358 NSE
ISHARES CORE MSCI EMERGING MARKETS ETF Block Purchase 2022-11-03 3257.25 109358 BSE
Name Category Shares
MAYANK SINGHAL PROMOTER 20.45%
MADHU SINGHAL PROMOTER 17.53%
SALIL SINGHAL PROMOTER 8.11%

OUR RESEARCH VIEW

Investment recommendation
CSM exports to maintain growth tempo..
Call Date
23 May 2024
Entry Price 3,670.00
Target Price 4,440.00
Duration
12-18 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

P I Industries Ltd Stocks COMPARISON

Financials( in Cr) P I Industries Ltd UPL Ltd Bayer CropScience Ltd Sumitomo Chemical India Ltd Dhanuka Agritech Ltd
Price 3,798.75 570.85 6,712.40 480.00 1,685.90
% Change -0.54 0.53 0.88 0.42 1.03
Mcap Cr 57,633.88 42,848.46 30,166.87 23,959.01 7,684.00
Revenue TTM Cr 6,492.00 53,576.00 5,139.70 3,510.97 1,700.22
Net Profit TTM Cr 1,229.50 4,414.00 758.20 502.21 233.50
PE TTM 34.26 0.00 40.95 64.82 32.09
1 Year Return -2.02 -16.09 54.29 9.08 111.21
ROCE 21.56 15.20 32.05 29.85 28.87
ROE 18.46 16.20 25.91 23.31 23.10
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 7,198.50 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 29,542.69 26,564.54
LAST 3M 107,300.08 -872.81
LAST 6M 187,950.75 839.71
LAST 12M 304,454.24 86,051.23
PI Industries Limited - Acquisition

Jun 28, 2024 l NSE Announcement

P I Industries incorporates WoS in name of PI Industries Management Consultancies LLC

Jun 27, 2024 l BSE Announcement

PI Industries Limited - Acquisition

Jun 27, 2024 l NSE Announcement

Date Action Type Ratio
Feb 21, 2024 Dividend 600
Aug 11, 2023 Dividend 550
Feb 24, 2023 Dividend 450

P I Industries Ltd Information

Stock PE (TTM)
34.26
Promoter Holding
46.09%
Book Value
575.4732
ROCE
21.56%
ROE
18.46%
Description
  • P I Industries Limited is a holding company for various group entities involved in the manufacturing and marketing of several types of agricultural chemicals. The company primarily has two product categories: agricultural chemicals (pesticides, fungicides, and insecticides) and specialty products. The company has its headquarters in Udaipur, Rajasthan. The company has been operating since 1946.

    On 5 January 2023, the market capitalisation of P I Industries Limited was Rs 50,412.10 crore, and it reported consolidated sales of Rs 1,696 crore at the end of September 2022.

    The company is listed on the Bombay Stock Exchange with the code 523642 and the National Stock Exchange with the code PIIND. On 30 September 2022, the company’s shareholding pattern indicated a promoter stake of 46.09%, a 0% stake of foreign institutional investors, and a public stake of 27.9%. The company’s shareholding pattern has remained largely the same over the past year, with the promoters divesting some shares while domestic mutual funds increase their holdings. 

    The company’s board of directors consists of Salil Singhal, Narayan K Seshadri, Mayank Singhal, Rajnish Sarna, Arvind Singhal, Lisa J Brown, Pravin K Laheri, Ramni Nirula, and T S Balganesh. Price Waterhouse Chartered Accountants LLP are the company’s auditors. On 30 September 2022, the company had a total of 12 crore shares outstanding.

    On 5 January 2023, P I Industries’ share prices were Rs 3,322.75 and Rs 3,322.85 on NSE and BSE, respectively. The share price touched a 52-week high of Rs 3,698.45 and a 52-week low of Rs 2,333.55. Its three-month return to investors was 9.2%, while its one-year return was 10.8%.   

    As of November 2022, Axis Long Term Equity Direct-G had invested Rs 1099 crore in the company, while Kotak Emerging Equity Direct-G and Axis Midcap Direct-G had invested Rs 733.5 and Rs 589.2 crore, respectively.

    In the second quarter of FY23, the company reported that it had achieved a 31% revenue growth compared to the same period last year. A large portion of the growth came from exports which increased by 29%. The company’s domestic operations also grew by 36% during the same period. 

    Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code: 07730), BSE Ltd (Member Code: 103) and Member of Multi Commodity Exchange of India Ltd.(Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Ms. Mamta Shetty, Contact number: 022-40701022, E-mail address: complianceofficer@icicisecurities.com. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Such representations are not indicative of future results. The securities quoted are exemplary and are not recommendatory. Investors should consult their financial advisers if in doubt about whether the product is suitable for them. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

Registered Address

Post Box No 20, Udaisagar Road, Udaipur, Rajasthan, 313001

Tel : 91-294-2492451-55
Email : investor:piind.com
Website : http://www.piindustries.com
Registrar

Karvy Computershare Pvt Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 523642
NSE Code : PIIND
Book Closure Date (Month) : Aug
BSE Group : A
ISIN : INE603J01030

FAQ’s on P I Industries Ltd Shares

You can buy P I Industries Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy P I Industries Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 28, 2024 03:58 PM the closing price of P I Industries Ltd was Rs.3,798.75.

The latest PE ratio of P I Industries Ltd as of Jun 28, 2024 03:58 PM is 34.26

The latest PB ratio of P I Industries Ltd as of Jun 28, 2024 03:58 PM is 0.15

The 52-week high of P I Industries Ltd share price is Rs. 4,040.00 while the 52-week low is Rs. 3,220.00

According to analyst recommendations, P I Industries Ltd Share has a "Buy" rating for the long term.

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 Jun 28, 2024 03:58 PM, the market cap of P I Industries Ltd stood at Rs. 57,633.88 Cr.

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