PI Industries Limited was founded and incorporated by the name 'Mewar Oil & General Mills Limited' on December 31, 1946. The name of the Company was subsequently changed to PI Industries Limited in 2000. Founded in 1946, PI Industries Ltd. (BSE: 523642, NSE: PIIND, ISIN ID: INE603J01030) is one of India's leading Agrisciences and Fine Chemical companies with a unique business model of providing innovative farm solutions to farmers.
PI Industries Ltd is a leading player in the agro-chemicals space, having a strong presence in both Domestic and Export markets. The company has established itself as a prominent force in the Indian agricultural sector, serving over 3 million farmers and retailers across India and globally. Powered by deep R&D expertise, PI has a significant footprint in the Indian crop protection market and a strong legacy of leading brands that bring value-added offerings to over 3 million farmers and retailers in India and globally.
PI Industries operates through a distinctive business model that combines domestic manufacturing with strategic global partnerships. Simultaneously, the company partners with global innovator companies across the value chain – from Custom Synthesis to manufacturing to co-marketing & distribution of their products. This approach has enabled the company to leverage international expertise while maintaining a strong local market presence.
The company operates through multiple business segments, offering comprehensive solutions across the agricultural value chain. It boasts a unique business model of partnerships across the agri value chain and a distinctive CRDMO (Contract Research, Development & Manufacturing Organization) play backed by scientific capabilities and partnerships for end-to-end delivery. This integrated approach allows PI Industries to provide innovative solutions from research and development to final product delivery.
PI Industries has built a robust manufacturing infrastructure with state-of-the-art facilities strategically located across India. PI Industries currently operates three formulation and two manufacturing facilities as well as five multi-product plants under its three business units across Gujarat (Panoli and Jambusar) and Jammu. These state-of-art facilities have integrated process development teams with in-house engineering capabilities.
It has state-of-art facilities in Gujarat, having integrated process development teams with in-house engineering capabilities. The company's manufacturing capabilities are complemented by advanced research and development facilities, with The Corporate office located in Gurgaon (Haryana) and the R&D set up at Udaipur.
The company has made significant investments in technology and infrastructure, focusing on Industry 4.0 standards. With a strong belief in technology and IP protection as key pillars, PI has been investing ahead of time and has established a large-scale manufacturing infrastructure focused on Industry 4.0 standards. The company has built robust capabilities in each part of the value chain – process synthesis, scaling up, and commercialization.
P I Industries Ltd has a market capitalization of ₹62,425 Crore (or ₹64,025 Crore, up 11.4% in 1 year), a Revenue of ₹7,978 Crore, and a Profit of ₹1,660 Crore as of the latest available data. The company has demonstrated strong financial performance with consistent growth across key metrics.
For Q4 2024-25, the company reported mixed performance with revenue growth but margin pressures. P I Industries Ltd's revenue jumped 3.36% since the last year same period to ₹1,861.80 Crore. However, P I Industries Ltd's net profit fell -10.55% since the last year same period to ₹330.50 Crore.
The company showed strong annual performance for FY24 with significant growth in profitability:
* Operating income during the year rose 18.1% on a year-on-year (YoY) basis.
* The company's operating profit increased by 31.4% YoY.
* Net profit for the year grew by 36.8% YoY.
* Net profit margins during the year grew from 18.9% in FY23 to 21.9% in FY24.
Key Financial Highlights (FY24):
* Revenue: ₹7,978 Crore
* Profit: ₹1,660 Crore
* Net profit margins grew from 18.9% in FY23 to 21.9% in FY24.
* The trailing twelve-month earnings per share (EPS) of the company stands at ₹110.8, an improvement from the EPS of ₹81.0 recorded last year.
PI Industries maintains a strong balance sheet with minimal debt exposure. The company is almost debt-free, with the Debt to Equity ratio for FY24 standing at 0.0, consistent with FY23. This debt-free status provides the company with financial flexibility for future growth initiatives and investments.
The company has demonstrated consistent profit growth over the years, delivering good profit growth of 29.5% CAGR over the last 5 years. However, there have been some concerns regarding working capital management, as Debtor days have increased from 50.7 to 64.3 days, and working capital days have increased from 83.7 days to 127 days.
PI Industries has established strategic partnerships with leading global companies, enhancing its technological capabilities and market reach. Founded on seven decades of trust and customer-centricity, its teams have a proven track record of delivering transformative solutions, timely product supplies, and cost efficiencies, establishing deep symbiotic relationships with over 20 global innovators.
The company has formed joint ventures with prominent Japanese companies to expand its business scope. A new joint company (JVC) is being set up initially to manufacture and distribute Bispyribac Sodium, one of the flagship agrochemical products of Kumiai, in India to achieve operational efficiencies and further growth. Kumiai and PI, after due consultation, may also add more products to the JVC portfolio in the future.
PI Industries has invested significantly in research and development capabilities, establishing world-class facilities and maintaining high standards of quality and compliance. Its Research, QC Laboratory, and manufacturing facilities are accredited ISO 9001-2000, ISO 14001, OSHAS 18001, ISO 17025. Its Lab is also GLP certified.
The company's R&D efforts are focused on developing innovative solutions for agricultural challenges. PI Industries Limited specializes in complex chemistry solutions for agriculture and pharmaceutical sciences. The company operates manufacturing facilities with integrated process development teams and has a strong research presence in Udaipur.
PI Industries demonstrates a strong commitment to environmental sustainability and responsible business practices. With cutting-edge systems, the company recycles over 185 million liters of water every year. In FY24 alone, 113 million liters were recycled, an 87% increase from FY23, supporting its commitment to responsible water use and long-term sustainability.
The company has implemented comprehensive waste management and circular economy initiatives. With strategic partnerships, 100% recycled packaging, and Eco Scale tracking, the company reduces hazardous waste and optimizes waste generation per metric tonne, advancing circularity across its operations.
PI Industries operates in a competitive market with several established players. PI Industries' major competitors are UPL, Sumitomo Chemical, Bayer CropScience, BASF India, Dhanuka Agritech, Sharda Cropchem, and Rallis India. The Market Cap of PI Industries is ₹63,265 Crore, while the median market cap of its peers is ₹22,019 Crore. This indicates the company's strong market position and investor confidence.
The company's stock is included in major market indices, reflecting its significance in the Indian equity market. It is part of BSE 500, BSE 200, Nifty 500, BSE MidCap, Nifty Midcap 100, Nifty Midcap 50, Nifty 200, Nifty Commodities, and Nifty Low Volatility 50.
PI Industries continues to strengthen its position in the agri-sciences sector through strategic investments, partnerships, and focus on sustainable growth, making it a significant player in India's agricultural transformation journey.
