PI Industries Limited

NSEI:PIIND Stock Report

Market Cap: ₹554.4b

PI Industries Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Discounted Cash Flow
Simply Wall St
₹949.76
Fair Value
285.2% overvalued intrinsic discount
25
Number of Analysts

Below Fair Value: PIIND (₹3658.4) is trading above our estimate of fair value (₹949.76)

Significantly Below Fair Value: PIIND is trading above our estimate of fair value.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for PIIND. This is calculated by dividing PIIND's market cap by their current earnings.
What is PIIND's PE Ratio?
PE Ratio32.6x
Earnings₹16.99b
Market Cap₹554.36b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for PIIND vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average37.9x
COROMANDEL Coromandel International
39.9x20.6%₹657.8b
SUMICHEM Sumitomo Chemical India
51.6x16.4%₹266.2b
CHAMBLFERT Chambal Fertilisers and Chemicals
17.1x6.7%₹275.7b
506285 Bayer CropScience
43x26.7%₹223.9b
PIIND PI Industries
32.6x8.2%₹554.4b

Price-To-Earnings vs Peers: PIIND is good value based on its Price-To-Earnings Ratio (32.6x) compared to the peer average (37.9x).

Price to Earnings Ratio vs Industry

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

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ZUARI Zuari Agro Chemicals
4.5xn/aUS$115.73m
NAGAFERT Nagarjuna Fertilizers and Chemicals
0.1xn/aUS$33.29m
UNIVPHOTO Universus Photo Imagings
3.4xn/aUS$25.66m
526773 Pressure Sensitive Systems (India)
1.7xn/aUS$5.93m
PIIND 32.6xIndustry Avg. 25.5xNo. of Companies43PE020406080100+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: PIIND is expensive based on its Price-To-Earnings Ratio (32.6x) compared to the Indian Chemicals industry average (25.5x).

Price to Earnings Ratio vs Fair Ratio

What is PIIND'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.

PIIND PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio32.6x
Fair PE Ratio23x

Price-To-Earnings vs Fair Ratio: PIIND is expensive based on its Price-To-Earnings Ratio (32.6x) compared to the estimated Fair Price-To-Earnings Ratio (23x).

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 PIIND forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹3,658.40
₹4,086.32
+11.7%
15.5%₹5,700.00₹2,800.00n/a25
Apr ’26₹3,450.40
₹4,095.12
+18.7%
15.4%₹5,700.00₹2,800.00n/a25
Mar ’26₹3,013.95
₹4,113.12
+36.5%
15.3%₹5,700.00₹2,800.00n/a25
Feb ’26₹3,481.70
₹4,476.42
+28.6%
14.1%₹5,700.00₹2,800.00n/a26
Jan ’26₹3,691.25
₹4,531.04
+22.8%
13.3%₹5,700.00₹2,800.00n/a26
Dec ’25₹4,065.50
₹4,553.85
+12.0%
13.0%₹5,700.00₹2,830.00n/a27
Nov ’25₹4,503.75
₹4,713.31
+4.7%
12.4%₹5,600.00₹2,975.00n/a26
Oct ’25₹4,731.35
₹4,691.00
-0.9%
12.2%₹5,600.00₹2,975.00n/a26
Sep ’25₹4,495.45
₹4,635.04
+3.1%
13.5%₹5,600.00₹2,975.00n/a26
Aug ’25₹4,412.65
₹4,162.85
-5.7%
12.4%₹5,500.00₹2,870.00n/a26
Jul ’25₹3,815.65
₹4,172.46
+9.4%
12.4%₹5,500.00₹2,870.00n/a26
Jun ’25₹3,539.70
₹4,136.12
+16.8%
12.5%₹5,500.00₹2,870.00n/a26
May ’25₹3,654.10
₹4,096.67
+12.1%
13.7%₹5,700.00₹2,935.00n/a24
Apr ’25₹3,888.15
₹4,075.22
+4.8%
13.3%₹5,700.00₹2,935.00₹3,450.4023
Mar ’25₹3,678.45
₹4,050.36
+10.1%
13.5%₹5,700.00₹2,935.00₹3,013.9522
Feb ’25₹3,411.15
₹4,067.65
+19.2%
14.9%₹5,400.00₹2,700.00₹3,481.7023
Jan ’25₹3,478.65
₹4,087.04
+17.5%
14.2%₹5,400.00₹2,700.00₹3,691.2523
Dec ’24₹3,816.85
₹4,230.88
+10.8%
12.1%₹5,400.00₹2,700.00₹4,065.5024
Nov ’24₹3,380.55
₹4,194.71
+24.1%
10.3%₹4,850.00₹2,600.00₹4,503.7524
Oct ’24₹3,453.00
₹4,178.04
+21.0%
10.2%₹4,850.00₹2,600.00₹4,731.3524
Sep ’24₹3,621.10
₹4,099.60
+13.2%
13.3%₹4,850.00₹2,417.00₹4,495.4525
Aug ’24₹3,660.10
₹3,955.63
+8.1%
13.7%₹4,700.00₹2,417.00₹4,412.6524
Jul ’24₹3,921.75
₹3,919.87
-0.05%
13.7%₹4,600.00₹2,417.00₹3,815.6523
Jun ’24₹3,519.55
₹3,869.88
+10.0%
14.4%₹4,600.00₹2,417.00₹3,539.7024
May ’24₹3,384.50
₹3,758.79
+11.1%
14.2%₹4,600.00₹2,417.00₹3,654.1024
Apr ’24₹3,030.20
₹3,707.35
+22.3%
14.5%₹4,600.00₹2,417.00₹3,888.1523
AnalystConsensusTarget
Consensus Narrative from 25 Analysts
₹4.09k
Fair Value
10.6% undervalued intrinsic discount
25
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 Analysis2025/04/24 01:36
End of Day Share Price 2025/04/24 00:00
Earnings2024/12/31
Annual Earnings2024/03/31

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 58 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
Bhawana IsraniAnand Rathi Shares and Stock Brokers Limited
null nullAnand Rathi Shares and Stock Brokers Limited
Himanshu BinaniAnand Rathi Shares and Stock Brokers Limited