PI Industries Ltd Stock Analysis

BSE: 523642 | NSE: PIIND | Pesticides & Agrochemicals | Large Cap

BSE Share Price 25-Nov-2022 18:01
3382.60 -7.90 (-0.23%)

DeciZen - Make an Informed Decision on PI Industries

Overall Rating

1. Quality

2. Valuation

Overvalued

3. Price Trend

PI Industries Price Chart

P/E Ratio (CD) :
50.07
Market Cap :
51,320.2 Cr.
52-wk low :
2,334.4
52-wk high :
3,698.5
Bole Toh?

1. Is PI Industries Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that PI Industries Ltd is a good quality company.

2. Is PI Industries Ltd undervalued or overvalued?

The key valuation ratios of PI Industries Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is PI Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of PI Industries Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of PI Industries:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

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'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 17.3%25.7%27%26.7%29.6%18.7%18.7%16.5%16.8%14.3%-
Value Creation Index 0.20.80.91.01.20.40.40.50.50.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,2461,7622,0972,0962,2772,2772,8413,3674,5775,3006,065
YoY Gr. Rt. %-41.3%19%-0%8.6%0%24.8%18.5%36%15.8%-
Adj EPS 7.214.117.422.132.525.12931.747.255.867.5
YoY Gr. Rt. %-94.6%24.1%26.9%47.1%-22.9%15.7%9.2%48.8%18.3%-
BVPS (₹) 39.150.865.684.6117.2138.7165.1190.1351.8402.9436.2
Adj Net Profit 97.71912383034483464014377158461,024
Cash Flow from Ops. 102219184367339319391698725529-
Debt/CF from Ops. 2.10.60.60.40.40.30.10.70.50.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 17.5%18.4%23.1%15.8%
Adj EPS 25.5%11.4%24.3%18.3%
BVPS 29.62834.614.5
Share Price 41.6% 29.1% 31.7% 15.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 22.831.229.929.33219.51917.81814.816.1
Op. Profit Mgn % 14.716.818.220.824.421.820.421.422.221.822.7
Net Profit Mgn % 7.810.911.414.519.715.214.11315.515.916.9
Debt to Equity 0.40.20.10.10.1000.20.100
Working Cap Days 162154175212220313301266224244302
Cash Conv. Cycle 60404350577865685458215

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 23.10%

Net Profit is growing at healthy rate in last 3 years 24.32%

Sales growth is good in last 4 quarters at 23.31%

Return on Equity has declined versus last 3 years average to 16.10%

Latest Financials - PI Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 65.8 67.5
TTM Sales (₹ Cr.) 5,845 6,065
BVPS (₹.) 429.6 436.2
Reserves (₹ Cr.) 6,503 6,602
P/BV 7.87 7.75
PE 51.39 50.07
From the Market
52 Week Low / High (₹) 2334.35 / 3698.50
All Time Low / High (₹) 0.42 / 3698.50
Market Cap (₹ Cr.) 51,320
Equity (₹ Cr.) 15.2
Face Value (₹) 1
Industry PE 32.8

Management X-Ray of PI Industries :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of PI Industries

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

PI Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of PI Industries on 25-Nov-2022 18:01 is : 3,382.6.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 25-Nov-2022 18:01 the market cap of PI Industries stood at ₹ 51,320.2.
The latest PE ratio of PI Industries as of 25-Nov-2022 18:01 is 51.39.
The latest PB ratio of PI Industries as of 25-Nov-2022 18:01 is 7.87
The 52-week high of PI Industries is ₹ 3,698.5 and the 52-week low is ₹ 2,334.4.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of PI Industries is ₹ 5,845 ( Cr.) .

About PI Industries Ltd

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.
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