PI Industries (PIIND)₹1,713−2.16%Pesticides & Agrochemicals
In the Jun 2026 quarter (consolidated), PI Industries reported sales of ₹1,702 Cr, down 10.4% from Jun 2025, and net profit of ₹245 Cr, down 38.9% year on year. For the year to Mar 2026, sales were ₹6,713 Cr and net profit ₹1,326 Cr.
Company filings, consolidated accounts; latest reported quarter Jun 2026
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,116 | 1,897 | 1,742 | 2,069 | 2,222 | 1,901 | 1,788 | 1,900 | 1,871 | 1,377 | 1,565 | 1,702 |
| Expenses | 1,567 | 1,346 | 1,300 | 1,489 | 1,596 | 1,391 | 1,333 | 1,383 | 1,333 | 1,075 | 1,230 | 1,338 |
| Operating Profit | 551 | 554 | 442 | 583 | 628 | 512 | 456 | 519 | 541 | 302 | 337 | 367 |
| OPM % | 26.1% | 29.1% | 25.1% | 28.1% | 28.1% | 27.0% | 25.1% | 27.1% | 29.0% | 22.1% | 22.1% | 22.0% |
| Other Income | 48.91 | 57.93 | 59.96 | 74.94 | 123 | 75.97 | 74.89 | 88.92 | 84.96 | 172 | 73.91 | 65.90 |
| Interest | 7.97 | 6.98 | 10.96 | 7.98 | 7.97 | 7.97 | 7.97 | 3.99 | 2.99 | 5.98 | 3.99 | 7.98 |
| Depreciation | 80.26 | 78.30 | 80.35 | 83.24 | 80.26 | 99.33 | 90.39 | 96.35 | 98.38 | 105 | 107 | 104 |
| Profit before tax | 513 | 526 | 412 | 566 | 664 | 482 | 433 | 507 | 526 | 363 | 300 | 322 |
| Tax % | 6.0% | 15.0% | 10.0% | 21.0% | 23.0% | 22.1% | 24.0% | 21.0% | 22.0% | 14.0% | 33.0% | 24.0% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 86.15 | −1.01 | 0.00 |
| Net Profit | 481 | 450 | 371 | 450 | 510 | 374 | 331 | 401 | 410 | 312 | 201 | 245 |
| EPS (Rs) | 31.68 | 29.59 | 24.36 | 29.61 | 33.54 | 24.58 | 21.77 | 26.37 | 26.99 | 20.54 | 13.22 | 16.09 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,095 | 2,278 | 2,277 | 2,843 | 3,366 | 4,580 | 5,304 | 6,490 | 7,671 | 7,985 | 6,713 | 6,515 |
| Expenses | 1,663 | 1,725 | 1,783 | 2,265 | 2,650 | 3,564 | 4,162 | 4,954 | 5,641 | 5,778 | 4,988 | 4,976 |
| Operating Profit | 435 | 555 | 496 | 580 | 721 | 1,018 | 1,146 | 1,543 | 2,030 | 2,207 | 1,731 | 1,547 |
| OPM % | 21.0% | 24.1% | 22.0% | 20.0% | 21.1% | 22.1% | 22.1% | 24.1% | 26.1% | 28.1% | 26.1% | 23.7% |
| Other Income | 33.96 | 35.97 | 59.91 | 57.96 | 49.93 | 129 | 105 | 166 | 216 | 344 | 413 | 397 |
| Interest | 11.95 | 8.97 | 6.98 | 6.98 | 18.93 | 33.87 | 15.94 | 38.89 | 43.86 | 55.80 | 42.88 | 20.94 |
| Depreciation | 54.17 | 73.22 | 83.34 | 93.31 | 137 | 176 | 203 | 227 | 309 | 354 | 409 | 416 |
| Profit before tax | 404 | 511 | 467 | 538 | 615 | 939 | 1,035 | 1,447 | 1,899 | 2,146 | 1,697 | 1,512 |
| Tax % | 23.0% | 10.0% | 21.1% | 24.0% | 26.0% | 21.0% | 18.0% | 15.0% | 11.1% | 22.0% | 22.0% | — |
| Exceptional items | −1.01 | 0.00 | 6.01 | 7.02 | 1.01 | 0.00 | 0.00 | 0.00 | −1.01 | −3.01 | 119 | 85.14 |
| Net Profit | 313 | 460 | 369 | 411 | 458 | 740 | 846 | 1,233 | 1,687 | 1,664 | 1,326 | 1,168 |
| EPS (Rs) | 22.73 | 33.42 | 26.65 | 29.71 | 33.08 | 48.67 | 55.68 | 81.12 | 110.89 | 109.39 | 87.16 | 76.84 |
| Dividend payout % | 14.0% | 12.0% | 15.0% | 13.0% | 12.0% | 10.0% | 11.0% | 12.0% | 14.0% | 15.0% | 17.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 13.99 | 13.99 | 13.99 | 13.99 | 13.99 | 13.99 | 14.99 | 15.01 | 14.99 | 14.99 | 15.01 | 14.98 |
| Reserves | 885 | 1,161 | 1,618 | 1,917 | 2,278 | 2,614 | 5,344 | 6,125 | 7,199 | 8,736 | 10,164 | 11,244 |
| Borrowings | 115 | 151 | 120 | 82.90 | 48.89 | 518 | 373 | 315 | 45.91 | 191 | 184 | 341 |
| Other Liabilities | 623 | 627 | 553 | 615 | 819 | 1,086 | 1,281 | 1,348 | 1,232 | 1,813 | 1,905 | 1,823 |
| Total Liabilities | 1,636 | 1,954 | 2,305 | 2,629 | 3,160 | 4,232 | 7,012 | 7,804 | 8,493 | 10,755 | 12,268 | 13,424 |
| Fixed Assets | 534 | 876 | 947 | 1,000 | 1,188 | 1,862 | 2,143 | 2,458 | 2,612 | 3,532 | 4,219 | 4,628 |
| CWIP | 133 | 71.03 | 77.03 | 90.07 | 183 | 271 | 288 | 114 | 132 | 278 | 550 | 1,031 |
| Investments | 0.99 | 0.00 | 82.63 | 160 | 129 | 149 | 869 | 897 | 1,012 | 1,332 | 1,525 | 1,355 |
| Other Assets | 969 | 1,006 | 1,198 | 1,380 | 1,661 | 1,949 | 3,713 | 4,335 | 4,737 | 5,612 | 5,973 | 6,410 |
| Inventories | 379 | 396 | 433 | 453 | 537 | 801 | 1,056 | 1,427 | 1,402 | 1,304 | 987 | 1,221 |
| Trade receivables | 384 | 399 | 425 | 529 | 664 | 647 | 706 | 871 | 775 | 932 | 1,410 | 1,615 |
| Cash & equivalents | 33.95 | 55.86 | 133 | 131 | 88.81 | 134 | 1,473 | 1,406 | 2,237 | 2,697 | 2,496 | 2,176 |
| Total Assets | 1,636 | 1,954 | 2,305 | 2,629 | 3,160 | 4,232 | 7,012 | 7,804 | 8,493 | 10,755 | 12,268 | 13,424 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 185 | 368 | 340 | 320 | 392 | 701 | 728 | 531 | 1,507 | 2,045 | 1,420 | 476 |
| Cash from investing activity | −146 | −302 | −235 | −180 | −321 | −983 | −2,424 | −110 | −495 | −1,798 | −1,418 | −611 |
| Cash from financing activity | −53.16 | −48.15 | −53.22 | −106 | −125 | 352 | 1,696 | −178 | −485 | −223 | −287 | −172 |
| Net cash flow | −15.04 | 16.05 | 50.15 | 33.10 | −56.22 | 63.19 | −15.05 | 242 | 524 | 14.04 | −295 | −310 |
| Capex | 169 | 321 | 142 | 170 | 368 | 674 | 439 | 337 | 326 | 620 | 849 | 1,118 |
| Free cash flow | 15.97 | 47.92 | 198 | 150 | 22.94 | 28.95 | 286 | 192 | 1,176 | 1,415 | 574 | −631 |
| CFO / OP % | 79.0% | 105.9% | 83.0% | 84.0% | 88.0% | 112.0% | 86.9% | 60.9% | 114.0% | 119.0% | 81.0% | 48.0% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 73 | 70 | 69 | 85 | 86 | 71 | 57 | 61 | 44 | 45 | 65 | 89 |
| Inventory days | 125 | 125 | 137 | 142 | 127 | 159 | 150 | 179 | 145 | 125 | 96 | 158 |
| Days payable | 116 | 115 | 90 | 115 | 121 | 117 | 113 | 115 | 86 | 119 | 117 | 125 |
| Cash conversion cycle | 81 | 79 | 114 | 111 | 91 | 112 | 94 | 123 | 102 | 50 | 43 | 120 |
| Working capital days | 44 | 55 | 73 | 90 | 88 | 71 | 73 | 94 | 71 | 49 | 68 | 121 |
| ROCE % | 41.1% | 36.1% | 34.1% | 25.1% | 25.1% | 23.1% | 22.1% | 17.1% | 22.1% | 24.1% | 23.1% | 15.1% |
For the Jun 2026 quarter, PI Industries reported sales of ₹1,702 Cr, down 10.4% year on year and net profit of ₹245 Cr, down 38.9% year on year. The operating margin was 22.0%.
PI Industries' sales for the year to Mar 2026 were ₹6,713 Cr; over the last twelve months they were ₹6,515 Cr.
Net profit for the year to Mar 2026 was ₹1,326 Cr, and ₹1,168 Cr over the last twelve months. Earnings per share over the same trailing period were ₹76.84.
PI Industries reported borrowings of ₹341 Cr at Mar 2026, against cash and equivalents of ₹2,176 Cr.
Cash from operations was ₹476 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹631 Cr.