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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
PI Industries Limited is a holding company, which is engaged in the manufacturing and distribution of agrochemicals. It operates through two segments: Agrochemicals and Pharma. The Company's agrochemical product portfolio includes insecticides, such as KEEFUN, COLT, OSHEEN,…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A middling, stagnant business, trading cheap versus its own history.
PI Industries is scored on the general / industrial framework. It keeps a healthy 18.8% of every rupee of sales as net profit. Cash conversion lags the reported profit (CFO/PAT 0.36×) — worth a closer look. Free cash flow is worth about -0.5% of its market value.
Over the last 3 years revenue compounded at 2%/yr and profit at 2%/yr. Book value itself has compounded 16%/yr — the hallmark of a genuine compounder. Return on equity is a weak 7.7%. In the latest quarter profit grew 22% versus the prior quarter.
At 20× earnings, the stock sits at the 1st percentile of its own 3.6-year range — the cheap end of where it has historically traded. Today's price implies ~14%/yr earnings growth for a decade. The books come through clean — a forensic grade of A, and Altman puts distress risk in the safe zone.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 29.99 | 24.55 | worse |
| P/B | 2.3 | 2.05 | worse |
| EV/EBITDA | 15.74 | — | — |
| ROE | 7.66 | 3.96 | better |
| ROCE | 10.08 | 9.3 | better |
| ROA | 6.33 | 4.18 | better |
| Quick Ratio | 3.53 | 1.76 | better |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| UPL | 20.9 | 1.3 | 5.4% |
| Sumitomo Chemical India | 29.3 | 4.4 | 15.1% |
| Bayer Cropscience | 20.0 | 4.7 | 15.8% |
Revenue is on a 2-year growth streak. 2% CAGR — growing but slowly. Growth is decelerating — latest year grew slower than the year before.
Operating margin has expanded from 22% to 24% — the business is keeping more of each rupee earned. The gap between operating and net margin is widening — interest or tax costs are rising.
ROE at 12% — modest; the capital isn't working hard. Capital efficiency declining — ROE down 5pp.
EPS dropped in the latest year despite possible profit changes — dilution or a profit dip could be at play. 2% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Cash conversion at 0.4× PAT — reported profit isn't translating into cash, raising earnings quality questions. Investing outflows exceed operating cash — the company relies on external funding to finance expansion.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue rose 8% sequentially — momentum is building.
Profit jumped 22% QoQ — check if this is operating leverage or a one-off item. Quarterly margins are compressing (21% → 14%) — more revenue isn't translating to proportionally more profit.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoters at 46.1% — dispersed ownership; institutional flows drive the stock.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.