PI Industries Limited
NSE: PIINDINE603J01030·ChemicalsMidcap 150·www.piindustries.com ↗·Mcap ₹36,488 Cr·Listed 2011
₹2,400.00▲ ₹6.50  (0.27%)
52W: ₹2,191 – ₹3,833 · Vol: 4.5L shares · Close 25 Sept
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Quarterly results

consolidated · as filed with NSE · Q1 FY27 back to Q4 FY18
₹ croreQ1 FY27Q4 FY26Q3 FY26Q2 FY26Q1 FY26Q4 FY25Q3 FY25Q2 FY25Q1 FY25Q4 FY24Q3 FY24Q2 FY24Q1 FY24Q4 FY23Q3 FY23Q2 FY23Q1 FY23Q4 FY22Q3 FY22Q2 FY22Q1 FY22Q4 FY21Q3 FY21Q2 FY21Q1 FY21Q4 FY20Q3 FY20Q2 FY20Q1 FY20Q4 FY18
Revenue from operations1,7021,5651,3761,8721,9011,7871,9012,2212,0691,7411,8982,1171,9101,5661,6131,7701,5431,3951,3561,3541,1941,1971,1621,1581,0608558509077540
Other income64.175.666.782.585.973.475.912272.757.956.146.946.949.550.231.724.1202627.727.744.238.933.68.26.819.110.912.10
Total expenses1,4471,3391,1851,4321,4821,4301,4961,6811,5771,3901,4291,6541,5171,2841,2641,4051,2571,1471,1131,1159971,0199379298837216997496330
EBITDA3673373025415194565126285834425545514683434154323463052972922492272762802291861871931530
EBITDA margin21.6%21.5%22.0%28.9%27.3%25.5%26.9%28.3%28.2%25.4%29.2%26.0%24.5%21.9%25.7%24.4%22.4%21.9%21.9%21.6%20.8%19.0%23.7%24.2%21.6%21.8%21.9%21.2%20.2%–
Finance costs7.93.76.22.63.97.98.38.58.310.977.84.33.38.911.13.62.73.33.43.44.46.67.69.68.43.82.52.30
Depreciation1041071059896.590.299.179.883.479.978.380.369.757.756.7565653.650.349.248.744.84443.342.743.631.931.729.50
Profit before tax3203003635235054314816625644095245104413314003973102692692672252222642631851411701691330
Tax77.610051.611610710210815511841.877.231.762.551.948.462.951.664.946.63740.542.568.245.144.431.248.746.131.20
Net profit2442003114094003313735084493704494813832813523352622042232301871801952181461111211231020
Net margin14.3%12.8%22.6%21.9%21.0%18.5%19.6%22.9%21.7%21.2%23.6%22.7%20.0%17.9%21.8%18.9%17.0%14.7%16.4%17.0%15.7%15.0%16.8%18.8%13.7%12.9%14.3%13.6%13.5%–
EPS (₹)16.1013.2020.5226.9826.3721.7924.5533.5129.5924.3629.5931.6725.2418.4923.2022.0717.3013.4914.6715.1512.3411.9612.8314.6110.528.038.768.957.350.00
Net profit YoY−39.0%−39.4%−16.5%−19.5%−10.9%−10.6%−16.9%+5.8%+17.2%+31.7%+27.5%+43.5%+45.9%+37.3%+58.0%+45.8%+40.2%+13.7%+13.9%+5.5%+28.7%+62.4%+61.4%+76.6%+43.2%–––––

Annual results

financial years ending March · from the fourth-quarter filings
₹ croreFY26FY25FY24FY23FY22FY21FY20FY18
Revenue from operations6,7147,9787,6666,4925,3004,5773,3672,309
Other income31134420815910112548.960.3
Total expenses5,4376,1845,9895,2144,3723,7682,8021,904
EBITDA1,7002,1792,0151,5421,1421,012718493
EBITDA margin25.3%27.3%26.3%23.8%21.6%22.1%21.3%21.4%
Finance costs16.4333037.112.828.2175.3
Depreciation40735330822720217513783
Profit before tax1,6902,1381,8841,4381,029934613465
Tax37548221321518920015797.9
Net profit1,3211,6601,6821,230844738457368
Net margin19.7%20.8%21.9%18.9%15.9%16.1%13.6%15.9%
EPS (₹)87.06109.44110.8581.0655.6549.9233.0826.72
Net profit YoY−20.4%−1.3%+36.8%+45.7%+14.3%+61.7%––
EPS is as filed for each period and is not restated for later bonus issues or splits.

Cash flow

annual · ₹ crore
₹ croreFY26FY25FY24FY23FY22
Operating cash flow4741,4132,0361,501529
Investing cash flow−614−1,424−1,801−496−110
Financing cash flow−171−287−222−483−177
Capital expenditure1,118850620326337
Free cash flow (CFO − capex)−6445631,4161,175192

Net profit trend

annual, ₹ crore
FY21
₹738
FY22
₹844+14%
FY23
₹1,230+46%
FY24
₹1,682+37%
FY25
₹1,660−1%
FY26
₹1,321−20%

Result filings

as filed with NSE · PDF and XBRL
PeriodBasisFiledDocuments
Q1 FY27Consolidated11 Aug 2026PDF on NSE XBRL
Q1 FY27Standalone11 Aug 2026PDF on NSE XBRL
Q4 FY26Consolidated · audited19 May 2026PDF on NSE XBRL
Q4 FY26Standalone · audited19 May 2026PDF on NSE XBRL
Q3 FY26Consolidated12 Feb 2026 PDF XBRL
Q3 FY26Standalone12 Feb 2026 PDF XBRL
Q2 FY26Consolidated11 Nov 2025PDF on NSE XBRL
Q2 FY26Standalone11 Nov 2025PDF on NSE XBRL
Q1 FY26Consolidated12 Aug 2025PDF on NSE XBRL
Q1 FY26Standalone12 Aug 2025PDF on NSE XBRL

Annual reports

NSE archive
Key ratios
P/E (TTM)5Y avg 33.8×31.3×
P/B5Y avg 5.97×3.25×
ROEFY26, on average equity12.4%
Net margin19.7%
Debt / equity0.02×
Revenue CAGR (3Y)1.1%
Profit CAGR (3Y)2.4%
EPS (TTM)₹76.64
Market cap₹36,480 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
3.25×
vs 8-point avg 5.97× (−46%)
3.25× low5.97× avg7.41× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹13,444 Cr+10%
Net worth₹11,231 Cr+11%
Total borrowings₹238 Cr+113%
Cash & bank balances₹283 Cr−52%
Investments₹1,329 Cr−11%
Inventories₹1,217 Cr+24%
Trade receivables₹2,320 Cr+27%
Trade payables₹974 Cr−20%
Change vs the same date a year earlier.
Revenue mix FY26
Agro Chemicals95.5%result ₹1,798 Cr
Pharma4.5%result ₹−274 Cr
Segment revenue as reported, before inter-segment eliminations.
Shareholding 30 Jun 2026
%Jun 26Mar 26Dec 25Sept 25Jun 25Mar 25Dec 24Sept 24Jun 24Mar 24Dec 23Sept 23
Promoter46.0946.0946.0946.0946.0946.0946.0946.0946.0946.0946.0946.09
FII14.8315.8715.9716.4216.9718.0518.4619.0218.7620.2620.4120.01
DII31.6431.3531.0830.4029.3527.5727.2126.3626.0024.3423.1523.28
of which MF22.3121.8122.0020.4719.33–––––––
Retail5.324.594.955.175.686.266.106.386.947.087.898.10
Other public2.122.091.901.911.902.022.132.142.202.222.442.50
1,40,999 shareholders · NSE shareholding pattern filings.