X

PI Industries Ltd. Stock Analysis

Large Cap
Evaluated by 3151 users | BSE: 523642 | NSE: PIIND |
Pesticides & Agrochemicals

Incorporated in 1947, PI Industries focuses on complex chemistry solutions in agri and pharma sciences. With the strength of employees, PI Industries currently operates a strong infrastructure set-up consisting of many formulation facilities as well as...

1. Right Stock
Very Good
2. Right Price
3. Right Time

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
PI Industries Ltd. has performed well in majority of the past ten years indicating its past ten year financial track record is very good
Value Creation
Value Creation Index Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 19.63%19.56%17.32%25.67%26.97%26.68%30.15%18.69%18.68%16.48%
Value Creation Index 0.350.350.190.770.860.841.080.290.290.14
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 7929571,2461,7622,0972,0962,2772,2772,8413,367
Y-o-Y Gr. Rt.-20.9%30.2%41.3%19%-0%8.6%0%24.8%18.5%
Adjusted EPS (Rs.) 5.376.87.2214.0517.4322.1133.1925.0829.0231.68
Y-o-Y Gr. Rt.-26.6%6.2%94.6%24.1%26.9%50.1%-24.4%15.7%9.2%
Book Value per Share (Rs.) 18.225.7539.0550.8265.5584.59117.24138.74165.08189.49
Adjusted Net Profit 6085.297.7191238303457346401437
Net Op. Cash Flow (Rs. Cr.) 21104102219184367339319391698
Debt to Cash Flow from Ops 11.332.362.130.560.620.410.350.260.130.74
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
PI Industries Ltd. should be analysed on a Consolidated basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 17.5%9.9%13.9%18.5%
Adjusted EPS 21.8%12.7%-1.5%9.2%
Book Value per Share 29.723.717.414.8
Share Price 41% 30% 35.3% 56.1%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 32.5931.5922.831.1829.9229.3332.6419.4819.0317.84
Operating Profit Margin (%) 14.7815.7514.716.7818.2320.7524.3821.7820.4121.38
Net Profit Margin (%) 7.588.97.8410.8511.3514.4620.0615.1914.112.97
Debt to Equity 1.130.770.410.180.130.130.070.040.020.2
Working Capital Days 141162162154175212220313301311
Cash Conversion Cycle 68766040435057786568
Corporate Governance What do we look at?
Corporate Governance
Board Credentials
Promoter's holding
Transparency
Integrity
Entity Percentage Holding
Promoters 46.75%
Institutions 40.55%
Non-Institutions 12.71%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

MoneyWorks4Me analysed the past 10-year performance of PI Industries Ltd. and arrived at the following conclusion:

Past 10 year's financial track record indicates that PI Industries Ltd. is a good quality company. However, for specific investment actions please connect with your investment advisor.

The 5-year analysis of PI Industries Ltd.'s performance infers:

PI Industries Ltd. earnings have grown by 12.7%, whereas share price has appreciated 30% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of PI Industries Ltd. share prices over the last 10 years. Here is what we found out:

PI Industries Ltd. share price has appreciated 47.5% annually over the past ten years.

Incorporated in 1947, PI Industries focuses on complex chemistry solutions in agri and pharma sciences. With the strength of employees, PI Industries currently operates a strong infrastructure set-up consisting of many formulation facilities as well as various multi-product plants under its manufacturing locations. These state-of-the-art facilities have integrated process development teams with in-house engineering capabilities. The Company maintains a strong

Incorporated in 1947, PI Industries focuses on complex chemistry solutions in agri and pharma sciences. With the strength of employees, PI Industries currently operates a strong infrastructure set-up consisting of many formulation facilities as well as various multi-product plants under its manufacturing locations. These state-of-the-art facilities have integrated process development teams with in-house engineering capabilities. The Company maintains a strong research presence through its R&D facility at Udaipur.

The facility includes advanced research and development labs, kilo plants and pilot plants with NABL certification. Over the years, the Company has successfully leveraged its capabilities across the Agri-sciences value chain by providing integrated and innovative solutions to its customers by partnering with the best. Its business approach is built on the foundation of trust, integrity and IP protection. PI Industries has formed partnerships with leading companies globally where it provides solutions across the fields of research & development, regulatory services, manufacturing services, application development, marketing, distribution and customer connect initiatives.

Business area of the company

PI Industries is engaged in the business of- Agri inputs, Fine Chemicals and (CRAMS) Contract Research and Manufacturing Services), Polymers and Engineering Services.

Products:

  • Agrochemicals
  • Fungicides
  • Herbicides
  • Specialty Products

Achievements & Accreditations

1947-1980

  • R&D recognized by Ministry of Science and Technology.

1980-2000

  • ISO 9002 and 14001 Certifications.

2000-2005

  • Accredited by OHSAS 18001 and ISO 17025.
  • Launched 8 new Products in Indian Market.
  • Introduced 10 Global Products in CSM.

2005-2012

  • Recognized as Power Brands Hall of Fame - Corporate Leader of the Year Award.
  • Certificate of Excellence for outstanding performance in Supplier Sustainability by Bayer Group of Companies.

2012-2013

  • Best Supplier Award at Agrow Awards.
  • Green Manufacturing Excellence Award by Frost and Sullivan.

2013-2014

  • Certificate of Appreciation from National Safety Council of India.
  • India’s Best CEO Award by Business Today to CMD, Mr. Salil Singhal.
  • Best Manager with Strategic Vision Award to MD, Mr. Mayank Singhal at Agrow Awards.
  • Golden Peacock Award for Environment Management.
  • Business Impact Award, Enterprise Security & Innovation to IT Department by 9.9 Mediaworx.
  • Udyog Rattan Award to MD, Mr Mayank Singhal by Institute of Economic Studies.

2014-2015

  • Best CEO Award to Mr. Salil Singhal , Business India Mindrush.
  • Lifetime Achievement Award to Mr. Salil Singhal , 7th International Agriculture Summit.
  • EY Entrepreneur of the Year Award to Mr. Salil Singhal.
  • Certificate of Excellence - Winner Global Sourcing - Outstanding Performance by Bayer Group of Companies.
  • Green Manufacturing Excellence Award by Frost and Sullivan.

2015-2016

  • Awarded Silver Trophy for safety by National Safety Council of India.
  • Golden Peacock Awards for Quality.
  • Flame Awards Asia 2016 for Brand Building.

2016-2018

  • Frost & Sullivan Award.
  • Social Change Award.
  • Global Sourcing -Outstanding Performance Award.
  • Shreshtha Suraksha Puraskar.
  • Golden Peacock Awards for Quality.
  • Recertification of ISO 14001:2015 and OHSAS 18001:2007.
  • ISO 27001:2013 certification for implementation of information security.

2019

  • Lifetime achievement award to Mr. Salil Singhal.
  • Golden Peacock Award for CSR in Chemical and Fertiliser Segment.

Milestones

1947-1980

  • Established marketing network across India.
  • Installed Agchem technical plant.
  • Diversified into mining and mineral processing business. Later hived off into a separate company named as Wolkem India Ltd.
  • First export of Agchem formulation.
  • Started AgChem Formulation and Marketing under VEGFRU brand.

1980-2000

  • Changed name to PI Industries Ltd.
  • Diversified into Polymer Compounding.
  • Diversified into Custom Synthesis & Manufacturing.
  • Diversified into Energy Metering: later rechristened as Secure Meters Ltd.
  • Set up manufacturing site at Panoli (Gujarat).
  • Installation of Phorate technical Plant.
  • Set up a turnkey Agchem Manufacturing Unit in the Middle East.

2000-2005

  • Divested polymer business.
  • Expansion of R&D Centre at Udaipur.
  • Started Formulation plant at Jammu.

2005-2012

  • Successfully commissioned a new manufacturing site at Jambusar, Gujarat.
  • PI-Sony Research Initiative.
  • Divested Polymer Compounding business.
  • Expansion of Custom Synthesis & Manufacturing (CSM) facilities (Built two new MPPs in Panoli).

2013-2014

  • New Formulation site setup at Panoli (Gujarat).

2014-2015

  • Established office in Germany.
  • Commercialized three new molecules for custom synthesis exports.

2015-2016

  • Solinnos Agro - a Joint Venture with Mitsui Chemicals Agro (MCAG) and PI.
  • Established a State-of-the-Art R&D center (P. P Singhal Research Centre at Udaipur, Rajasthan).
  • Established a new operations office at Vadodara (Gujarat).
  • Upgraded to SAP Hana.
  • Two world class Multi Product Plants commissioned at Jambusar (Gujarat).

2017- 2018

  • PI Industries and Kumiai Chemical Industry Co. Ltd. establish a Joint Venture in India
  • Entry into Sugarcane Crop Protection market with launch of COSKO.
  • The Iconic brand “NOMINEE GOLD” completes 10 years.

2019-2020

  • Acquisition of Isagro Asia Agrochemicals Private Ltd.
  • Commissioning of multi product facility at Jambusar Site.
  • Entered in to agri-solutions like mechanised Spray Machines.
  • Silver Jubilee celebration of Panoli manufacturing unit.
  • PI Industries to acquire entire stake in Isagro Asia Agrochemicals
  • PI Industries has incorporated a wholly owned subsidiary named 'Jivagro’ on December 12, 2019
  • PI Industries has completed its acquisition of Isagro (Asia) Agrochemicals from Isagro Spa and its affiliates, a deal which was signed in Nov, 2019.
  • PI Industries has started commercial production of newly set-up unit of the company situated at Gujarat with effect from March 11, 2020.
  • PI Industries has incorporated two wholly owned subsidiary Companies namely ‘PI Enzachem’ and ‘PI Fermachem’ on September 11, 2020.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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