NSE: PIIND | BSE: 523642

Mid-range Performer

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3750.40 60.20 (1.63%)

High vol. this week

NSE 18 Aug, 2025 3:59 PM (IST)

56,900.4

Market Cap

Market Leader

0.8

Beta 1Year

Low volatility

Analyst Downgrade

Axis Direct downgrades PI Industries to a 'Hold' call, expects a revenue CAGR of 10.2% over FY26-27 See details

PI Industries Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for PIIND, BSE:523642 PI Industries Ltd.

PI Industries Ltd.

05 Aug 2019

3750.40

1.63%

PI INDUSTRIES LIMITED

Hold: PI Industries Ltd.

Target

Geojit BNP Paribas

PI Industries manufactures plant protection and speciality plant nutrient products and solutions under its agri-inputs business. It is also one of India's leading custom synthesis and manufacturing companies providing contract...

PI Industries Ltd. has an average target of 3989.00 from 4 brokers.

PI Industries Ltd.

29 Jul 2019

3750.40

1.63%

EARNINGS UPDATE-PI INDUSTRIES 1QFY20

Buy: PI Industries Ltd.

Target

Chola Wealth Direct

Sector: Agrichemical /Small-Cap | Earnings Update 1QFY20 Background: PI Industries' is one of the leading players in the Crop protection industry. Company largely operates under two main segments a) agriculture inputs, b) custom synthesis and contract manufacturing. Company has a niche portfolio of 45 products, which includes 5 in-licensed products and 7 co-marketing products in tie up with MNCs such as Bayer, BASF & Kumiai chemicals. Company currently operates three manufacturing sites in Gujarat, having three formulation units and 8 multiproduct plants for manufacturing, active ingredients and intermediates. PI has a strong distribution network of 10,000 dealers / distributors; 40,000 retailers and 30 stock points....

Number of FII/FPI investors decreased from 750 to 726 in Jun 2025 qtr

PI Industries Ltd.

27 Jul 2019

3750.40

1.63%

Another quarter of strength in CSM

Buy: PI Industries Ltd.

Target

Motilal Oswal

Beat on revenue; EBITDA/PAT in-line: Revenue increased 25% YoY to INR7.5b (our estimate: INR7.1b) in 1QFY20. EBITDA grew 28% YoY to INR1.5b (our estimate: INR1.4b), with the margin expanding 60bp YoY to 20.1% (our estimate: 19.9%). Adj. PAT was up 23% YoY to INR1b (in-line). Product mix change dents gross margin: CSM revenue grew 59% YoY, led by increased requirement for commercialized molecules and addition of a new molecule (was commercialized during the quarter). Domestic revenue declined 13% YoY owing to erratic/delayed advent of the south-west...

PI Industries Ltd. has gained 20.26% in the last 6 Months

PI Industries Ltd.

26 Jul 2019

3750.40

1.63%

PI Industries

Buy: PI Industries Ltd.

Sharekhan

Strong results, ahead of estimates: PI Industries continued to deliver strong results with revenue, EBITDA and PAT registering robust growth of 24.5%, 28.4% and 23.6% y-o-y, respectively, in Q1FY2020. The improved performance was been led by a 59% y-o-y growth in the exports business as domestic business declined by 13% y-o-y. The management guided that the growth in exports is quite steep and hence might not sustain. However, it stated that a growth of 2025% is achievable on a sustainable basis for the next 3-5 years. The management reiterated its guidance for revenue growth of more than...

PI Industries Ltd. has an average target of 3989.00 from 4 brokers.

PI Industries Ltd.

26 Jul 2019

3750.40

1.63%

Q1FY20 Result Update

Buy: PI Industries Ltd.

Target

Prabhudas Lilladhar

PI Industries's (PI) results and management commentary on future outlook indicates robust business momentum and clear growth visibility for 2-3 years, despite gloomy agchem environment globally and negative business outlook from one of its key clients. Sizeable sustained capex guidance (Rs4.0-4.5bn p.a. for the next 2-3 years) for investment in 4 new plants (2 in FY20 & FY21 each), increasing number of products moving from R&D; stage to commercialisation and continued demand traction for existing products gives us comfort of superior earnings growth visibility for the next 2 years....

PI Industries Ltd. average weekly volume is high.

PI Industries Ltd.

24 Jun 2019

3750.40

1.63%

EARNINGS UPDATE-PI INDUSTRIES 4QFY19

Buy: PI Industries Ltd.

Target

Chola Wealth Direct

Sector: Agrichemical /Small-Cap | Earnings Update 4QFY19 Background: PI Industries' is one of the leading players in the Crop protection industry. Company largely operates under two main segments a) agriculture inputs, b) custom synthesis and contract manufacturing. Company has a niche portfolio of 45 products, which includes 5 in-licensed products and 7 co-marketing products in tie up with MNCs such as Bayer, BASF & Kumiai chemicals. Company currently operates three manufacturing sites in Gujarat, having three formulation units and 8 multiproduct plants for manufacturing, active ingredients and intermediates. PI has a strong distribution network of 10,000 dealers / distributors; 40,000 retailers and 30 stock points....

PI Industries Ltd. average weekly volume is high.

PI Industries Ltd.

03 Jun 2019

3750.40

1.63%

Pick of the Week:03 JUN 2019

Buy: PI Industries Ltd.

Target

Axis Direct

Number of FII/FPI investors decreased from 750 to 726 in Jun 2025 qtr

PI Industries Ltd.

21 May 2019

3750.40

1.63%

PI Industries

Buy: PI Industries Ltd.

Recommendation Target

Sharekhan

account of i) lower channel inventory levels as compared to previous years, ii) demand offtake seems to be healthy in various geographies on account of favourable climatic conditions, and iii) innovators seem to have started focusing on developing and introducing new molecules and products after a gap of 2-3 years, as they were involved in large M&A; activities and integration...

Axis Direct downgraded PI Industries Ltd. to Hold with a price target of 3930.0 on 14 Aug, 2025.

PI Industries Ltd.

14 Feb 2019

3750.40

1.63%

EARNINGS UPDATE-PI INDUSTRIES 3QFY19

Buy: PI Industries Ltd.

Target

Chola Wealth Direct

PI Industries Ltd. is trading below all available SMAs

PI Industries Ltd.

12 Feb 2019

3750.40

1.63%

Outperformance on all fronts

Buy: PI Industries Ltd.

Target

Motilal Oswal

PAT grew 9% YoY to INR2,834m. CSM business delivered robust growth of 40% YoY, backed by higher demand due to an improvement in global sentiment. Domestic business performance was notable in that it grew by 10% YoY, despite facing headwinds in the form of erratic rainfall in key states and poor price realization for key crops, which impacted demand and led to higher inventory levels. We expect it to meet its FY19 guidance of ~20% revenue growth on the back of the improved global scenario and strong support from its newly launched products. Factoring in the strong beat on our 3QFY19 estimates, we raise our FY19 earnings estimate by 8% while keeping FY20/21 estimates unchanged. We expect revenue/PAT CAGR of 19%/17% over FY18-21. We value the stock at 24x FY21E EPS (in-line with its five-year average trading multiple), which is justified as the company has shown strong signs of returning to its robust growth cycle post three muted years.

Number of FII/FPI investors decreased from 750 to 726 in Jun 2025 qtr

Is PI Industries Ltd. worth buying?

455 Votes:

Buy 86.59%

Sell 7.91%

Hold 5.49%

RESEARCH REPORTS

Hold SEE REPORTS >

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Sell SEE REPORTS >

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