Arthneeti

P I Industries Q1 FY27 Share Price & Earnings Call Analysis

₹2,110.00+2.68% today
Market cap
₹32,013 Cr
P/E
29.63
ROE
11.24%
PEG
-39.00
Price to sales
4.91
Debt to equity
0.03
52W high / low
₹3,820 / ₹2,020
Sales growth (5Y)
7.96%
EBITDA margin
23.76%
Net profit margin
17.90%
Promoter holding
46.09%
Sales (last year)
₹6,516 Cr

PI Industries Ltd is a leading player in the agro-chemicals space having strong presence in both Domestic and Export markets. It has state-of-art facilities in Gujarat having integrated process development teams with in-house engineering capabilities.[1]

Guidance scorecard · Q1 FY27 call

What P I Industries Ltd's management guided
and where it ranks in Fertilizers & Agrochemicals

#19of 23 in
Fertilizers & Agrochemicals
Revenue0–10%MarginsFlatCapexPlannedFundraisingWhat management saidOrder bookWhat management said

RevenueQ1 FY27 call

0–10%
  • FY27 revenue growth guidance expected to be in the lower single-digit range, subject to industry cycle and conditions.
  • Positive growth trajectory anticipated, especially recovery in exports in the second half of FY27 supported by new product launches.
  • Domestic market volume growth of 12% in Q1 FY27, translating to 3% revenue growth; outlook improving with better monsoon conditions.
  • Biologicals showing aggressive growth of 50% with a 3-year CAGR of 15%, with expansion in global markets like Brazil, Mexico, Europe, and the US.
  • New product launches planned across Agchem, Electronics, and Pharma segments, with 4-5 new molecules expected in FY27.
  • New generation and innovative products targeted for at least three-digit million-dollar revenue potential over medium to long term.

2 more points from P I Industries Ltd's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

See what P I Industries Ltd said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • FY27 capex guidance is Rs. 700 to Rs. 800 crore, maintaining steady investment momentum.
  • Investment focused on building sustainable, advanced capabilities in Agchem, Pharma, and Electronic/Specialty chemicals.
  • Emphasis on commissioning world’s largest flow chemistry plants enabling sustainable, safer, and cost-efficient production.
  • Strategic investments made to support global biologicals platform scaling, including field trials and grower engagements.

2 more points from P I Industries Ltd's call on capex

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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

See what P I Industries Ltd said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

  • The current order book is cited at approximately USD 1.2 billion, which is stable sequentially.
  • The company expects continued order inflows, particularly in Pharma CRDMO, Biologicals, and Agchem segments.
  • There are some sequential delays in pharma order book transitions, but the orders are largely securitized and expected to convert over time.
  • The business is in early stages for pharma and biologicals with some volatility; as scale and portfolio expand, volatility will reduce.

2 more points from P I Industries Ltd's call on the order book

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Full Q1 FY27 analysis
Full Fertilizers & Agrochemicals ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Fertilizers & Agrochemicals
on management's own guidance

  1. Dharmaj CropGood growth
    2
  2. Anya Polytech &Good growth
    1
  3. M B Agro Prod.Good growth
    3
See all potential multibaggersWhere does P I Industries Ltd rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Fertilizers & Agrochemicals companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
1Anya Polytech &20–40%Up 2%+₹209 Cr25.1
2Dharmaj Crop20–40%Up 0–2%₹882 Cr14.7
3M B Agro Prod.20–40%Flat₹7,668 Cr49.5
420–40%Flat₹6,453 Cr32.8
510–20%Up 2%+₹1,226 Cr18.3
610–20%Flat₹51,882 Cr27.8

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Financials of P I Industries Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of P I Industries Ltd

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +1,5661,9102,1171,8981,7412,0692,2211,9011,7871,9001,8721,3761,565
Expenses +1,2231,4431,5661,3441,2991,4861,5931,3891,3321,3811,3311,0731,228
Operating Profit343468551554442583628512456519541302337
OPM %22%24%26%29%25%28%28%27%25%27%29%22%22%
Other Income +5152495860751237675898517274
Interest34871188884364
Depreciation5870807880838099909698105107
Profit before tax332445512526411566663481432507525363300
Tax %16%14%6%15%10%21%23%22%24%21%22%14%33%
Net Profit +281383480449370449508373330400409311200
EPS in Rs18.4925.2431.6729.5724.3529.5833.5024.5721.7826.3626.9820.5213.20

Financials of P I Industries Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +1,9402,0962,2772,2772,8413,3664,5775,3006,4927,6667,9786,714
Expenses +1,5581,6611,7221,7812,2612,6473,5594,1544,9485,6365,7725,014
Operating Profit3824355554965807201,0181,1461,5442,0302,2061,700
OPM %20%21%24%22%20%21%22%22%24%26%28%25%
Other Income +353436605850129105166216345420
Interest121297719341639445616
Depreciation5054738393137175202226308352407
Profit before tax3554035104665386149381,0331,4441,8952,1421,696
Tax %31%23%10%21%24%26%21%18%15%11%22%22%
Net Profit +2463124593684104577388441,2301,6821,6601,321
EPS in Rs18.0022.7233.3926.6629.7233.0648.6655.6281.04110.83109.4387.06
Dividend Payout %14%14%12%15%13%12%10%11%12%14%15%17%

Financials of P I Industries Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital141414141414151515151515
Reserves8831,1571,6131,9112,2722,6055,3276,1057,1838,71610,14211,215
Borrowings +115151120834951937331646191184342
Other Liabilities +6226265546188201,0871,2871,3541,2351,8221,9081,871
Total Liabilities1,6331,9492,3012,6263,1554,2257,0027,7918,48010,74412,24913,444
Fixed Assets +5338749459981,1861,8582,1382,4522,6063,5284,2094,895
CWIP133717790183271288114132278550755
Investments10831611291508729001,0161,3361,5311,360
Other Assets +9671,0031,1961,3781,6571,9463,7044,3254,7265,6015,9596,434
Total Assets1,6331,9492,3012,6263,1554,2257,0027,7918,48010,74412,24913,444

Financials of P I Industries Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +1843673393193916987255291,5012,0361,413474
Cash from Investing Activity +-146-303-235-180-322-985-2,430-110-496-1,800-1,421-614
Cash from Financing Activity +-53-48-53-106-1253501,690-177-483-222-286-171
Net Cash Flow-15165033-5663-1524152214-294-310
Free Cash Flow164819815023292871921,1791,417575-632
CFO/OP79%106%83%84%88%112%87%61%114%119%81%49%

Financials of P I Industries Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days726968848570566043446488
Inventory Days12412413614112615814917814412495157
Days Payable1161159011512111711311586119117125
Cash Conversion Cycle807811311090111931221014942119
Working Capital Days4354728987707293704867192
ROCE %41%36%34%25%25%23%22%17%22%24%23%15%

Guidance history

How P I Industries Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →0–10%FlatPlanned——
Q4 FY26 call →0–10%FlatPlanned——
Q3 FY26 call →0–10%FlatPlanned——
Q2 FY26 call →0–10%FlatPlanned——

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

4out of 100

Momentum score · price trend

4 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−41.5%10%
Last 6 months−30.9%7%
Last 3 months−24.0%9%

The price is 55.3% below its all-time high of ₹4,724.65 (20 Sept 2024). Stocks more than 20% below their peak have their score halved, so 9 became 4.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For P I Industries Ltd: 0.4 × 10 + 0.4 × 7 + 0.2 × 9 = 9, halved to 4 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What P I Industries Ltd's management said in earlier quarters

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