PI Industries
Market Cap
₹164.7b
Last Updated
2020/04/03 13:16 UTC
Data Sources
Company Financials +
Executive Summary
PI Industries Limited operates as an agrochemical company in India and internationally.
Rewards
Risk Analysis
Snowflake Analysis
Exceptional growth potential with flawless balance sheet.
Similar Companies
Share Price & News
How has PI Industries's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PIIND's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
8.9%
PIIND
-2.4%
IN Chemicals
-3.9%
IN Market
1 Year Return
11.9%
PIIND
-17.4%
IN Chemicals
-32.2%
IN Market
Return vs Industry: PIIND exceeded the Indian Chemicals industry which returned -14.6% over the past year.
Return vs Market: PIIND exceeded the Indian Market which returned -30.7% over the past year.
Shareholder returns
| PIIND | Industry | Market | |
|---|---|---|---|
| 7 Day | 8.9% | -2.4% | -3.9% |
| 30 Day | -25.3% | -23.2% | -26.8% |
| 90 Day | -18.5% | -21.2% | -31.7% |
| 1 Year | 12.3%11.9% | -13.9%-17.4% | -30.8%-32.2% |
| 3 Year | 43.7%41.6% | 9.6%2.8% | -19.5%-23.8% |
| 5 Year | 72.7%68.6% | 58.3%44.7% | -10.0%-14.9% |
Price Volatility Vs. Market
How volatile is PI Industries's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Here's Why I Think PI Industries (NSE:PIIND) Is An Interesting Stock1 month ago | Simply Wall St
Have Insiders Been Selling PI Industries Limited (NSE:PIIND) Shares This Year?1 month ago | Simply Wall St
PI Industries Limited Analysts Are Pretty Bullish On The Stock After Recent ResultsValuation
Is PI Industries undervalued compared to its fair value and its price relative to the market?
34.56x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: PIIND (₹1177.8) is trading above our estimate of fair value (₹371.93)
Significantly Below Fair Value: PIIND is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: PIIND is poor value based on its PE Ratio (34.6x) compared to the Chemicals industry average (7.7x).
PE vs Market: PIIND is poor value based on its PE Ratio (34.6x) compared to the Indian market (9.4x).
Price to Earnings Growth Ratio
PEG Ratio: PIIND is poor value based on its PEG Ratio (1.4x)
Price to Book Ratio
PB vs Industry: PIIND is overvalued based on its PB Ratio (6.6x) compared to the IN Chemicals industry average (0.8x).
Next Steps
Future Growth
How is PI Industries forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?
24.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PIIND's forecast earnings growth (24.5% per year) is above the savings rate (6.5%).
Earnings vs Market: PIIND's earnings (24.5% per year) are forecast to grow faster than the Indian market (19.2% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: PIIND's revenue (22% per year) is forecast to grow faster than the Indian market (8.8% per year).
High Growth Revenue: PIIND's revenue (22% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PIIND's Return on Equity is forecast to be high in 3 years time (21.9%)
Next Steps
Past Performance
How has PI Industries performed over the past 5 years?
9.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PIIND has high quality earnings.
Growing Profit Margin: PIIND's current net profit margins (14.2%) are lower than last year (14.8%).
Past Earnings Growth Analysis
Earnings Trend: PIIND's earnings have grown by 9.7% per year over the past 5 years.
Accelerating Growth: PIIND's earnings growth over the past year (18%) exceeds its 5-year average (9.7% per year).
Earnings vs Industry: PIIND earnings growth over the past year (18%) exceeded the Chemicals industry 10%.
Return on Equity
High ROE: PIIND's Return on Equity (19%) is considered low.
Next Steps
Financial Health
How is PI Industries's financial position?
Financial Position Analysis
Short Term Liabilities: PIIND's short term assets (₹19.0B) exceed its short term liabilities (₹11.3B).
Long Term Liabilities: PIIND's short term assets (₹19.0B) exceed its long term liabilities (₹548.0M).
Debt to Equity History and Analysis
Debt Level: PIIND's debt to equity ratio (0%) is considered satisfactory.
Reducing Debt: PIIND's debt to equity ratio has reduced from 13.8% to 0% over the past 5 years.
Debt Coverage: PIIND's debt is well covered by operating cash flow (545500%).
Interest Coverage: PIIND earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Inventory Level: PIIND has a high level of physical assets or inventory.
Debt Coverage by Assets: PIIND's debt is covered by short term assets (assets are 19026x debt).
Next Steps
Dividend
What is PI Industries's current dividend yield, its reliability and sustainability?
0.38%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PIIND's dividend (0.38%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.95%).
High Dividend: PIIND's dividend (0.38%) is low compared to the top 25% of dividend payers in the Indian market (4.06%).
Stability and Growth of Payments
Stable Dividend: PIIND is not paying a notable dividend for the Indian market, therefore no need to check if payments are stable.
Growing Dividend: PIIND is not paying a notable dividend for the Indian market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: PIIND is not paying a notable dividend for the Indian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of PIIND's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
0.7yrs
Average management tenure
CEO
Raman Ramachandran (60yo)
0.58
Tenure
Dr. Raman Ramachandran, Ph.D, has been Chief Executive Officer and Managing Director of PI Industries Limited since September 9, 2019. Dr. Ramachandran serves as Head South Asia at BASF Catalysts LLC. Dr. ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Vice-Chairman & MD | 0.67yr | ₹106.39m | 23.19% ₹38.2b | |
| Chief Investor Relations Officer | 7.42yrs | ₹54.95m | 0.091% ₹149.7m | |
| MD, CEO & Director | 0.58yr | no data | no data | |
| President & Head of Manufacturing Strategy | no data | no data | 0.0047% ₹7.8m | |
| Chief Financial Officer | 2.5yrs | ₹19.12m | no data | |
| Senior VP & Head of Operation | no data | no data | 0.048% ₹78.6m | |
| Chief Information Officer | no data | no data | no data | |
| Compliance Officer & Company Secretary | no data | ₹6.03m | no data | |
| Deputy General Manager of Business Development | no data | no data | no data | |
| Chief People Officer | no data | no data | no data |
0.7yrs
Average Tenure
50yo
Average Age
Experienced Management: PIIND's management team is not considered experienced ( 0.7 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Vice-Chairman & MD | 0.67yr | ₹106.39m | 23.19% ₹38.2b | |
| Chief Investor Relations Officer | 7.42yrs | ₹54.95m | 0.091% ₹149.7m | |
| MD, CEO & Director | 0.58yr | no data | no data | |
| Independent Non-Executive Director | 9.75yrs | ₹2.79m | no data | |
| Independent Non-Executive Director | 9.75yrs | ₹2.10m | no data | |
| Independent Non-Executive Chairman | 3.5yrs | ₹6.45m | 0.35% ₹577.4m | |
| Chairman Emeritus | 3.75yrs | ₹57.98m | 28.16% ₹46.4b | |
| Non Executive Director | 3.5yrs | ₹1.95m | no data | |
| Independent Director | 2.92yrs | ₹2.58m | no data |
3.5yrs
Average Tenure
66yo
Average Age
Experienced Board: PIIND's board of directors are considered experienced (3.5 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: PIIND insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
PI Industries Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: PI Industries Limited
- Ticker: PIIND
- Exchange: NSEI
- Founded: 1946
- Industry: Diversified Chemicals
- Sector: Materials
- Market Cap: ₹164.673b
- Shares outstanding: 138.11m
- Website: https://www.piindustries.com
Location
- PI Industries Limited
- Vipul Square
- 5th Floor
- Gurugram
- Haryana
- 122009
- India
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 523642 | BSE (Mumbai Stock Exchange) | Yes | Equity Shares | IN | INR | May 2006 |
| PIIND | NSEI (National Stock Exchange of India) | Yes | Equity Shares | IN | INR | May 2006 |
Biography
PI Industries Limited operates as an agrochemical company in India and internationally. The company offers agrochemicals, including insecticides, fungicides, and herbicides; specialty products; and generic molecules, such as Profenofos, Ethion, and Phorate primarily under the Nominee Gold, Osheen, Biovita, Roket, Keefun, Vibrant, Cosko, Elite, Kitazin, Humesol, and Fantom brand names, as well as chemical and active intermediates. It also provides research and development (R&D) services comprising target discovery, molecule design, library synthesis, lead optimization, biological evaluation, and route synthesis services; and custom synthesis and manufacturing solutions consisting of process R&D, analytical method development, synthesis of reference standards, structure elucidation and synthesis of impurities, physio-chemical studies and five-batch analysis under GLP conditions, scale-up studies, safety data generation, waste categorization and treatability studies, process/plant engineering, and large-scale commercial production. It sells its products through distributors/dealers and retail points. The company was formerly known as Mewar Oil & General Mills Ltd. PI Industries Limited was founded in 1946 and is based in Gurugram, India.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/04/03 13:16 |
| End of Day Share Price | 2020/04/03 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/03/31 |
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 here.