PI Industries Limited

NSEI:PIIND Stock Report

Market Cap: ₹622.6b

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.

Below Fair Value: PIIND (₹4103.8) is trading above our estimate of fair value (₹1202.38)

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 Ratio35.1x
Earnings₹17.75b
Market Cap₹622.63b

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
38.1x23.1%₹520.7b
506285 Bayer CropScience
45.1x24.3%₹261.3b
SUMICHEM Sumitomo Chemical India
56.1x18.8%₹271.2b
CHAMBLFERT Chambal Fertilisers and Chemicals
12.5x9.4%₹192.2b
PIIND PI Industries
35.1x9.1%₹622.6b

Price-To-Earnings vs Peers: PIIND is good value based on its Price-To-Earnings Ratio (35.1x) 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?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
NAGAFERT Nagarjuna Fertilizers and Chemicals
0.3xn/aUS$66.96m
UNIVPHOTO Universus Photo Imagings
5xn/aUS$49.46m
526773 Pressure Sensitive Systems (India)
0.6xn/aUS$7.53m
526143 MPL Plastics
1.7xn/aUS$1.93m
PIIND 35.1xIndustry Avg. 31.4xNo. of Companies35PE020406080100+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: PIIND is expensive based on its Price-To-Earnings Ratio (35.1x) compared to the Indian Chemicals industry average (31.4x).

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 Ratio35.1x
Fair PE Ratio28.1x

Price-To-Earnings vs Fair Ratio: PIIND is expensive based on its Price-To-Earnings Ratio (35.1x) compared to the estimated Fair Price-To-Earnings Ratio (28.1x).

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₹4,103.80
₹4,553.85
+11.0%
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₹2,935.00n/a23
Mar ’25₹3,678.45
₹4,050.36
+10.1%
13.5%₹5,700.00₹2,935.00n/a22
Feb ’25₹3,411.15
₹4,067.65
+19.2%
14.9%₹5,400.00₹2,700.00n/a23
Jan ’25₹3,478.65
₹4,087.04
+17.5%
14.2%₹5,400.00₹2,700.00n/a23
Dec ’24₹3,816.85
₹4,230.88
+10.8%
12.1%₹5,400.00₹2,700.00n/a24
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
Mar ’24₹3,136.00
₹3,686.36
+17.5%
14.5%₹4,600.00₹2,417.00₹3,678.4525
Feb ’24₹3,028.90
₹3,726.91
+23.0%
11.6%₹4,500.00₹2,600.00₹3,411.1523
Jan ’24₹3,419.90
₹3,714.74
+8.6%
11.7%₹4,470.00₹2,600.00₹3,478.6523
Dec ’23₹3,499.00
₹3,685.79
+5.3%
12.1%₹4,470.00₹2,600.00₹3,816.8524
Nov ’23₹3,309.05
₹3,353.74
+1.4%
10.1%₹3,820.00₹2,370.00₹3,380.5523

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

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