PI Industries Limited

NSEI:PIIND Stock Report

Market Cap: ₹517.4b

PI Industries Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Mayank Singhal

Chief executive officer

₹260.0m

Total compensation

CEO salary percentage19.49%
CEO tenure27.3yrs
CEO ownership20.5%
Management average tenure1.4yrs
Board average tenure7yrs

Recent management updates

We Think Shareholders Are Less Likely To Approve A Large Pay Rise For PI Industries Limited's (NSE:PIIND) CEO For Now

Aug 08
We Think Shareholders Are Less Likely To Approve A Large Pay Rise For PI Industries Limited's (NSE:PIIND) CEO For Now

Recent updates

Weak Statutory Earnings May Not Tell The Whole Story For PI Industries (NSE:PIIND)

Nov 19
Weak Statutory Earnings May Not Tell The Whole Story For PI Industries (NSE:PIIND)

PI Industries Limited Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Nov 14
PI Industries Limited Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

PI Industries Limited's (NSE:PIIND) Price Is Out Of Tune With Earnings

Oct 31
PI Industries Limited's (NSE:PIIND) Price Is Out Of Tune With Earnings

Returns At PI Industries (NSE:PIIND) Appear To Be Weighed Down

Oct 10
Returns At PI Industries (NSE:PIIND) Appear To Be Weighed Down

We Think Shareholders Are Less Likely To Approve A Large Pay Rise For PI Industries Limited's (NSE:PIIND) CEO For Now

Aug 08
We Think Shareholders Are Less Likely To Approve A Large Pay Rise For PI Industries Limited's (NSE:PIIND) CEO For Now

Earnings Not Telling The Story For PI Industries Limited (NSE:PIIND)

Jul 04
Earnings Not Telling The Story For PI Industries Limited (NSE:PIIND)

We Think PI Industries (NSE:PIIND) Can Manage Its Debt With Ease

Jun 13
We Think PI Industries (NSE:PIIND) Can Manage Its Debt With Ease

PI Industries Limited (NSE:PIIND) Consensus Forecasts Have Become A Little Darker Since Its Latest Report

May 23
PI Industries Limited (NSE:PIIND) Consensus Forecasts Have Become A Little Darker Since Its Latest Report

PI Industries (NSE:PIIND) Ticks All The Boxes When It Comes To Earnings Growth

Mar 30
PI Industries (NSE:PIIND) Ticks All The Boxes When It Comes To Earnings Growth

PI Industries (NSE:PIIND) Will Want To Turn Around Its Return Trends

Mar 14
PI Industries (NSE:PIIND) Will Want To Turn Around Its Return Trends

There's Reason For Concern Over PI Industries Limited's (NSE:PIIND) Price

Jan 16
There's Reason For Concern Over PI Industries Limited's (NSE:PIIND) Price

Is Now The Time To Put PI Industries (NSE:PIIND) On Your Watchlist?

Dec 16
Is Now The Time To Put PI Industries (NSE:PIIND) On Your Watchlist?

CEO Compensation Analysis

How has Mayank Singhal's remuneration changed compared to PI Industries's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2025n/an/a

₹15b

Jun 30 2025n/an/a

₹16b

Mar 31 2025₹260m₹51m

₹17b

Dec 31 2024n/an/a

₹17b

Sep 30 2024n/an/a

₹18b

Jun 30 2024n/an/a

₹17b

Mar 31 2024₹250m₹46m

₹17b

Dec 31 2023n/an/a

₹16b

Sep 30 2023n/an/a

₹15b

Jun 30 2023n/an/a

₹14b

Mar 31 2023₹191m₹42m

₹12b

Dec 31 2022n/an/a

₹12b

Sep 30 2022n/an/a

₹10b

Jun 30 2022n/an/a

₹9b

Mar 31 2022₹165m₹39m

₹8b

Dec 31 2021n/an/a

₹8b

Sep 30 2021n/an/a

₹8b

Jun 30 2021n/an/a

₹8b

Mar 31 2021₹153m₹24m

₹7b

Dec 31 2020n/an/a

₹7b

Sep 30 2020n/an/a

₹6b

Jun 30 2020n/an/a

₹5b

Mar 31 2020₹12m₹3m

₹5b

Dec 31 2019n/an/a

₹5b

Sep 30 2019n/an/a

₹5b

Jun 30 2019n/an/a

₹4b

Mar 31 2019₹106m₹45m

₹4b

Compensation vs Market: Mayank's total compensation ($USD2.89M) is above average for companies of similar size in the Indian market ($USD797.27K).

Compensation vs Earnings: Mayank's compensation has been consistent with company performance over the past year.

CEO

Mayank Singhal (52 yo)

27.3yrs
Tenure
₹260,000,000
Compensation

Mr. Mayank Singhal is Vice Chairperson of PI Health Sciences Limited. He has been Executive Vice- Chairman & Managing Director at PI Industries Limited since September 09, 2019 and joined PI Industries Lim...

Leadership Team

NamePositionTenureCompensationOwnership
Mayank Singhal
Executive Vice-Chairman & MDno data₹260.00m20.45%
₹ 105.8b
Rajnish Sarna
Joint MDno data₹100.01m0.083%
₹ 428.1m
Atul Gupta
CEO & C.S.M. - AgChemno datano datano data
Sanjay Agarwal
Group CFO and Head of Strategy & Integrated Development Cell1.3yrsno datano data
Alexander Klausener
Chief Scientific Officerno datano datano data
Atanu Roy
Global Chief Information Officer2.3yrsno datano data
Amit Goel
Lead Corporate Legal1.4yrsno datano data
Shruti Joshi
Company Secretary & Compliance Officerless than a yearno datano data
Balasubramaniam Aiyaswamy
Chief People Officer1.9yrsno datano data
Arunabha RayChaudhuri
Global Head of Supply Chain Management2.3yrsno datano data
Ramesh Subramanian
Global CEO of PI Health Sciencesless than a yearno datano data
Jagresh Rana
CEO of Biologicals businessno datano datano data
1.4yrs
Average Tenure
53.5yo
Average Age

Experienced Management: PIIND's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.

Board Members

NamePositionTenureCompensationOwnership
Mayank Singhal
Executive Vice-Chairman & MD27.3yrs₹260.00m20.45%
₹ 105.8b
Rajnish Sarna
Joint MD13.1yrs₹100.01m0.083%
₹ 428.1m
Vegulaparanan Vishwanathan
Independent Directorless than a yearno datano data
Shobinder Duggal
Independent Director4.1yrs₹5.28mno data
Pia Singh
Independent Director3.3yrs₹5.35m0.021%
₹ 110.8m
Narayan Seshadri
Non-Executive Chairperson19.9yrs₹31.43m0.31%
₹ 1.6b
Arvind Singhal
Non Independent Non Executive Director9.2yrs₹4.90mno data
Lisa Brown
Independent Non-Executive Director5.3yrs₹4.98mno data
Tanjore Balganesh
Non Independent - Non Executive Director8.6yrs₹9.43mno data
Rafael Del Rio Donoso
Non-Executive Director1.8yrs₹39.28mno data
7.0yrs
Average Tenure
67yo
Average Age

Experienced Board: PIIND's board of directors are considered experienced (7 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/12/04 22:07
End of Day Share Price 2025/12/04 00:00
Earnings2025/09/30
Annual Earnings2025/03/31

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 50 analysts. 25 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 nullAnand Rathi Shares and Stock Brokers Limited
Himanshu BinaniAnand Rathi Shares and Stock Brokers Limited
Bhawana IsraniAnand Rathi Shares and Stock Brokers Limited