PI Industries Limited (PIIND) Fair Value & Analysis

Basic Materials · IN · Market cap ₹379B

Below-average quality, and screening another 50% overvalued on our models.

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

What matters now

• The price sits above even our optimistic bull case (₹1,557). The favourable scenario is already priced in.
• Solid but not exceptional quality (49/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 23, 2026.

How to read this chart

60‑month range ₹2,326 – ₹4,687 · fair‑value band ₹928.18 – ₹1,557 · the ₹2,498 price screens above the ₹1,242 fair value. Dashed = 300-day average. As of Aug 23, 2026.

Full chart & analysis →

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Analysis

PI Industries Limited (PIIND) currently trades at ₹2,498, while our model-based Fair Value estimate is ₹1,242, implying the stock looks roughly 50.3% overvalued today. The Quality Score stands at 49/100 (below-average quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, PI Industries Limited generated revenue of ₹65.2B at a net margin of 17.9%. Revenue declined 10.4% year over year. It earns a return on equity of 12.4%. Net debt stands at ₹2.2B. Fundamentals as of Aug 23, 2026

Our scenario range runs from ₹928.18 (bear case) to ₹1,557 (bull case); at ₹2,498, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 36% below its 52-week high and 2% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -13% fair-value upside, at -50%, PIIND screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Widest divergence: Growth Earnings (₹1,381) versus Asset-Based (₹495.99). Highest evidence: Residual Income (76).

Key figures & financial health

Quality Score breakdown

About the company

PI Industries Limited, an agrisciences company, engages in the manufacture and distribution of agrochemicals in India, rest of Asia, North America, Europe, and internationally.

Full company description

PI Industries Limited, an agrisciences company, engages in the manufacture and distribution of agrochemicals in India, rest of Asia, North America, Europe, and internationally. The company offers agrochemicals, including insecticides, herbicides, fungicides, and bio stimulants, as well as crop protection products that provides nutrition, as well as treats weeds insects, and diseases in rice, cotton, tomato, cole, chili, potato, onion, brinjal, grapes, pomegranate, and apple corps. It also provides research and development services, such as target discovery, molecule design, library synthesis, lead optimization, biological evaluation, and route synthesis. In addition, the company offers custom synthesis and manufacturing solutions comprising process research and development, analytical method development, synthesis of reference standards, structure elucidation and synthesis of impurities, physio-chemical studies and 5-batch analysis under GLP conditions, scale-up studies, safety data generation, waste categorization and treatability studies, process/plant engineering, and large-scale commercial production. It sells its products through distributors, dealers, and retailers. The company was formerly known as Mewar Oil & General Mills Ltd. PI Industries Limited was incorporated in 1946 and is based in Gurugram, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

PI Industries Limited reported revenue of ₹66.7B in FY2026 versus ₹52.5B in FY2022, a compound +6.2%/yr. Reported net income was ₹13.2B in FY2026, compounding +11.9%/yr from FY2022.

PIIND screens 50% overvalued. Compare with Corteva, Inc →

Peer Group

Agricultural Inputs · 176 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Valuation Multiples vs Agricultural Inputs median · lower = cheaper

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

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Frequently asked questions

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.