PI Industries Limited

BSE:523642 Stock Report

Market Cap: ₹424.8b

PI Industries Valuation

Is 523642 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of 523642 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

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Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: 523642 (₹2800.45) is trading above our estimate of future cash flow value (₹1050.92)

Significantly Below Future Cash Flow Value: 523642 is trading above our estimate of future cash flow value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 523642?

Key metric: As 523642 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 523642. This is calculated by dividing 523642's market cap by their current earnings.
What is 523642's PE Ratio?
PE Ratio32.2x
Earnings₹13.21b
Market Cap₹424.84b

Price to Earnings Ratio vs Peers

How does 523642's PE Ratio compare to its peers?

The above table shows the PE ratio for 523642 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average30.7x
COROMANDEL Coromandel International
28.1x18.36%₹550.4b
512070 UPL
26.1x28.77%₹501.6b
SUMICHEM Sumitomo Chemical India
41.2x14.35%₹223.9b
506285 Bayer CropScience
27.5x11.65%₹189.5b
523642 PI Industries
32.2x11.81%₹424.8b

Price-To-Earnings vs Peers: 523642 is expensive based on its Price-To-Earnings Ratio (32.2x) compared to the peer average (30.7x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does 523642's PE Ratio compare vs other companies in the IN Chemicals Industry?

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
532967 Kiri Industries
0.5xn/aUS$267.52m
ZUARI Zuari Agro Chemicals
0.9xn/aUS$92.21m
IEML Indian Emulsifiers
3.3xn/aUS$5.53m
531257 Pratiksha Chemicals
2.2xn/aUS$1.14m
523642 32.2xIndustry Avg. 20.8xNo. of Companies43PE01632486480+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 523642 is expensive based on its Price-To-Earnings Ratio (32.2x) compared to the Indian Chemicals industry average (20.8x).

Price to Earnings Ratio vs Fair Ratio

What is 523642's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

523642 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio32.2x
Fair PE Ratio26.7x

Price-To-Earnings vs Fair Ratio: 523642 is expensive based on its Price-To-Earnings Ratio (32.2x) compared to the estimated Fair Price-To-Earnings Ratio (26.7x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 523642 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹2,800.45
₹3,222.83
+15.08%
23.05%₹5,500.00₹2,280.00n/a24
Jun ’27₹2,702.65
₹3,222.83
+19.25%
23.05%₹5,500.00₹2,280.00n/a24
May ’27₹3,054.75
₹3,382.78
+10.74%
21.42%₹5,500.00₹2,230.00n/a23
Apr ’27₹2,845.30
₹3,399.88
+19.49%
20.68%₹5,500.00₹2,230.00n/a24
Mar ’27₹3,108.75
₹3,421.75
+10.07%
21.21%₹5,500.00₹2,230.00n/a24
Feb ’27₹3,095.95
₹3,772.62
+21.86%
18.34%₹6,000.00₹2,800.00n/a26
Jan ’27₹3,218.90
₹3,867.04
+20.14%
19.00%₹6,500.00₹2,800.00n/a26
Dec ’26₹3,388.35
₹3,900.88
+15.13%
18.37%₹6,500.00₹2,800.00n/a26
Nov ’26₹3,573.95
₹4,026.35
+12.66%
17.15%₹6,500.00₹2,800.00n/a26
Oct ’26₹3,584.30
₹4,044.62
+12.84%
17.24%₹6,500.00₹2,800.00n/a26
Sep ’26₹3,763.05
₹4,061.68
+7.94%
17.38%₹6,500.00₹2,800.00n/a25
Aug ’26₹4,185.60
₹4,107.44
-1.87%
18.20%₹6,600.00₹2,800.00n/a25
Jul ’26₹4,154.30
₹4,051.44
-2.48%
17.28%₹6,300.00₹2,800.00n/a25
Jun ’26₹3,829.95
₹4,001.40
+4.48%
17.18%₹6,300.00₹2,800.00₹2,702.6525
May ’26₹3,629.45
₹4,086.32
+12.59%
15.49%₹5,700.00₹2,800.00₹3,054.7525
Apr ’26₹3,450.60
₹4,095.12
+18.68%
15.43%₹5,700.00₹2,800.00₹2,845.3025
Mar ’26₹3,014.45
₹4,113.12
+36.45%
15.29%₹5,700.00₹2,800.00₹3,108.7525
Feb ’26₹3,482.45
₹4,476.42
+28.54%
14.13%₹5,700.00₹2,800.00₹3,095.9526
Jan ’26₹3,692.90
₹4,531.04
+22.70%
13.30%₹5,700.00₹2,800.00₹3,218.9026
Dec ’25₹4,065.55
₹4,553.85
+12.01%
12.99%₹5,700.00₹2,830.00₹3,388.3527
Nov ’25₹4,499.75
₹4,713.31
+4.75%
12.44%₹5,600.00₹2,975.00₹3,573.9526
Oct ’25₹4,731.80
₹4,691.00
-0.86%
12.17%₹5,600.00₹2,975.00₹3,584.3026
Sep ’25₹4,495.20
₹4,635.04
+3.11%
13.55%₹5,600.00₹2,975.00₹3,763.0526
Aug ’25₹4,421.30
₹4,162.85
-5.85%
12.41%₹5,500.00₹2,870.00₹4,185.6026
Jul ’25₹3,817.05
₹4,172.46
+9.31%
12.42%₹5,500.00₹2,870.00₹4,154.3026
Jun ’25₹3,551.15
₹4,136.12
+16.47%
12.50%₹5,500.00₹2,870.00₹3,829.9526
₹3.22k
Fair Value
13.1% undervalued intrinsic discount
24
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/11 09:33
End of Day Share Price 2026/06/11 00:00
Earnings2026/03/31
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

PI Industries Limited is covered by 44 analysts. 23 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null null360 ONE Capital Market Private Limited
Himanshu BinaniAnand Rathi Shares and Stock Brokers Limited
null nullAnand Rathi Shares and Stock Brokers Limited