Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of P I Industries Ltd
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 1,566 | 1,910 | 2,117 | 1,898 | 1,741 | 2,069 | 2,221 | 1,901 | 1,787 | 1,900 | 1,872 | 1,376 | 1,565 |
| Expenses + | 1,223 | 1,443 | 1,566 | 1,344 | 1,299 | 1,486 | 1,593 | 1,389 | 1,332 | 1,381 | 1,331 | 1,073 | 1,228 |
| Operating Profit | 343 | 468 | 551 | 554 | 442 | 583 | 628 | 512 | 456 | 519 | 541 | 302 | 337 |
| OPM % | 22% | 24% | 26% | 29% | 25% | 28% | 28% | 27% | 25% | 27% | 29% | 22% | 22% |
| Other Income + | 51 | 52 | 49 | 58 | 60 | 75 | 123 | 76 | 75 | 89 | 85 | 172 | 74 |
| Interest | 3 | 4 | 8 | 7 | 11 | 8 | 8 | 8 | 8 | 4 | 3 | 6 | 4 |
| Depreciation | 58 | 70 | 80 | 78 | 80 | 83 | 80 | 99 | 90 | 96 | 98 | 105 | 107 |
| Profit before tax | 332 | 445 | 512 | 526 | 411 | 566 | 663 | 481 | 432 | 507 | 525 | 363 | 300 |
| Tax % | 16% | 14% | 6% | 15% | 10% | 21% | 23% | 22% | 24% | 21% | 22% | 14% | 33% |
| Net Profit + | 281 | 383 | 480 | 449 | 370 | 449 | 508 | 373 | 330 | 400 | 409 | 311 | 200 |
| EPS in Rs | 18.49 | 25.24 | 31.67 | 29.57 | 24.35 | 29.58 | 33.50 | 24.57 | 21.78 | 26.36 | 26.98 | 20.52 | 13.20 |
Financials of P I Industries Ltd
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 1,940 | 2,096 | 2,277 | 2,277 | 2,841 | 3,366 | 4,577 | 5,300 | 6,492 | 7,666 | 7,978 | 6,714 |
| Expenses + | 1,558 | 1,661 | 1,722 | 1,781 | 2,261 | 2,647 | 3,559 | 4,154 | 4,948 | 5,636 | 5,772 | 5,014 |
| Operating Profit | 382 | 435 | 555 | 496 | 580 | 720 | 1,018 | 1,146 | 1,544 | 2,030 | 2,206 | 1,700 |
| OPM % | 20% | 21% | 24% | 22% | 20% | 21% | 22% | 22% | 24% | 26% | 28% | 25% |
| Other Income + | 35 | 34 | 36 | 60 | 58 | 50 | 129 | 105 | 166 | 216 | 345 | 420 |
| Interest | 12 | 12 | 9 | 7 | 7 | 19 | 34 | 16 | 39 | 44 | 56 | 16 |
| Depreciation | 50 | 54 | 73 | 83 | 93 | 137 | 175 | 202 | 226 | 308 | 352 | 407 |
| Profit before tax | 355 | 403 | 510 | 466 | 538 | 614 | 938 | 1,033 | 1,444 | 1,895 | 2,142 | 1,696 |
| Tax % | 31% | 23% | 10% | 21% | 24% | 26% | 21% | 18% | 15% | 11% | 22% | 22% |
| Net Profit + | 246 | 312 | 459 | 368 | 410 | 457 | 738 | 844 | 1,230 | 1,682 | 1,660 | 1,321 |
| EPS in Rs | 18.00 | 22.72 | 33.39 | 26.66 | 29.72 | 33.06 | 48.66 | 55.62 | 81.04 | 110.83 | 109.43 | 87.06 |
| Dividend Payout % | 14% | 14% | 12% | 15% | 13% | 12% | 10% | 11% | 12% | 14% | 15% | 17% |
Financials of P I Industries Ltd
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 14 | 14 | 14 | 14 | 14 | 14 | 15 | 15 | 15 | 15 | 15 | 15 |
| Reserves | 883 | 1,157 | 1,613 | 1,911 | 2,272 | 2,605 | 5,327 | 6,105 | 7,183 | 8,716 | 10,142 | 11,215 |
| Borrowings + | 115 | 151 | 120 | 83 | 49 | 519 | 373 | 316 | 46 | 191 | 184 | 342 |
| Other Liabilities + | 622 | 626 | 554 | 618 | 820 | 1,087 | 1,287 | 1,354 | 1,235 | 1,822 | 1,908 | 1,871 |
| Total Liabilities | 1,633 | 1,949 | 2,301 | 2,626 | 3,155 | 4,225 | 7,002 | 7,791 | 8,480 | 10,744 | 12,249 | 13,444 |
| Fixed Assets + | 533 | 874 | 945 | 998 | 1,186 | 1,858 | 2,138 | 2,452 | 2,606 | 3,528 | 4,209 | 4,895 |
| CWIP | 133 | 71 | 77 | 90 | 183 | 271 | 288 | 114 | 132 | 278 | 550 | 755 |
| Investments | 1 | 0 | 83 | 161 | 129 | 150 | 872 | 900 | 1,016 | 1,336 | 1,531 | 1,360 |
| Other Assets + | 967 | 1,003 | 1,196 | 1,378 | 1,657 | 1,946 | 3,704 | 4,325 | 4,726 | 5,601 | 5,959 | 6,434 |
| Total Assets | 1,633 | 1,949 | 2,301 | 2,626 | 3,155 | 4,225 | 7,002 | 7,791 | 8,480 | 10,744 | 12,249 | 13,444 |
Financials of P I Industries Ltd
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 184 | 367 | 339 | 319 | 391 | 698 | 725 | 529 | 1,501 | 2,036 | 1,413 | 474 |
| Cash from Investing Activity + | -146 | -303 | -235 | -180 | -322 | -985 | -2,430 | -110 | -496 | -1,800 | -1,421 | -614 |
| Cash from Financing Activity + | -53 | -48 | -53 | -106 | -125 | 350 | 1,690 | -177 | -483 | -222 | -286 | -171 |
| Net Cash Flow | -15 | 16 | 50 | 33 | -56 | 63 | -15 | 241 | 522 | 14 | -294 | -310 |
| Free Cash Flow | 16 | 48 | 198 | 150 | 23 | 29 | 287 | 192 | 1,179 | 1,417 | 575 | -632 |
| CFO/OP | 79% | 106% | 83% | 84% | 88% | 112% | 87% | 61% | 114% | 119% | 81% | 49% |
Financials of P I Industries Ltd
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 72 | 69 | 68 | 84 | 85 | 70 | 56 | 60 | 43 | 44 | 64 | 88 |
| Inventory Days | 124 | 124 | 136 | 141 | 126 | 158 | 149 | 178 | 144 | 124 | 95 | 157 |
| Days Payable | 116 | 115 | 90 | 115 | 121 | 117 | 113 | 115 | 86 | 119 | 117 | 125 |
| Cash Conversion Cycle | 80 | 78 | 113 | 110 | 90 | 111 | 93 | 122 | 101 | 49 | 42 | 119 |
| Working Capital Days | 43 | 54 | 72 | 89 | 87 | 70 | 72 | 93 | 70 | 48 | 67 | 192 |
| ROCE % | 41% | 36% | 34% | 25% | 25% | 23% | 22% | 17% | 22% | 24% | 23% | 15% |