Financials PI Industries Limited

Equities

PIIND

INE603J01030

Agricultural Chemicals

Market Closed - Bombay S.E. 06:15:15 2024-04-29 EDT 5-day change 1st Jan Change
3,747 INR -0.73% Intraday chart for PI Industries Limited +1.02% +6.68%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 142,351 161,524 342,056 427,753 459,097 568,359 - -
Enterprise Value (EV) 1 140,439 163,934 321,356 407,782 426,825 540,518 534,144 525,196
P/E ratio 34.7 x 35.4 x 45.2 x 50.7 x 37.4 x 35.4 x 31.7 x 28.1 x
Yield 0.39% 0.34% 0.22% 0.21% 0.33% 0.31% 0.33% 0.36%
Capitalization / Revenue 5.01 x 4.8 x 7.47 x 8.07 x 7.07 x 7.27 x 6.25 x 5.4 x
EV / Revenue 4.94 x 4.87 x 7.02 x 7.69 x 6.57 x 6.91 x 5.87 x 4.99 x
EV / EBITDA 24.4 x 22.8 x 31.7 x 35.7 x 27.7 x 27 x 23.5 x 20 x
EV / FCF 630 x 689 x 112 x 213 x 36.2 x 367 x 54.4 x 43.1 x
FCF Yield 0.16% 0.15% 0.89% 0.47% 2.76% 0.27% 1.84% 2.32%
Price to Book 6.23 x 6.16 x 6.41 x 6.99 x 6.39 x 6.58 x 5.6 x 4.77 x
Nbr of stocks (in thousands) 138,031 138,108 151,718 151,629 151,662 151,676 - -
Reference price 2 1,031 1,170 2,255 2,821 3,027 3,747 3,747 3,747
Announcement Date 19-05-17 20-06-04 21-05-18 22-05-17 23-05-18 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 28,409 33,665 45,770 52,995 64,920 78,203 90,952 105,321
EBITDA 1 5,764 7,186 10,122 11,424 15,421 20,054 22,685 26,205
EBIT 1 5,429 5,819 8,374 9,406 13,156 17,247 19,283 22,106
Operating Margin 19.11% 17.29% 18.3% 17.75% 20.26% 22.05% 21.2% 20.99%
Earnings before Tax (EBT) 1 5,379 6,138 9,385 10,328 14,443 18,695 21,111 24,341
Net income 1 4,102 4,566 7,383 8,438 12,295 16,062 17,766 20,011
Net margin 14.44% 13.56% 16.13% 15.92% 18.94% 20.54% 19.53% 19%
EPS 2 29.73 33.08 49.89 55.63 81.04 105.9 118.2 133.6
Free Cash Flow 1 223 238 2,859 1,916 11,789 1,472 9,824 12,182
FCF margin 0.78% 0.71% 6.25% 3.62% 18.16% 1.88% 10.8% 11.57%
FCF Conversion (EBITDA) 3.87% 3.31% 28.25% 16.77% 76.45% 7.34% 43.31% 46.49%
FCF Conversion (Net income) 5.44% 5.21% 38.72% 22.71% 95.88% 9.17% 55.3% 60.87%
Dividend per Share 2 4.000 4.000 5.000 6.000 10.00 11.53 12.23 13.62
Announcement Date 19-05-17 20-06-04 21-05-18 22-05-17 23-05-18 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2021 S1 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2024 S2
Net sales 1 22,178 11,621 11,971 11,938 13,542 13,563 13,952 15,432 17,700 16,132 15,656 19,104 21,303 18,948 20,163 -
EBITDA 1 5,140 2,753 2,274 2,489 2,920 2,965 3,050 3,456 4,319 4,151 3,428 4,678 5,269 4,765 5,016 10,586
EBIT 1 - 2,313 1,826 - - 2,462 2,514 - 3,759 3,584 2,851 3,981 4,852 3,865 4,002 -
Operating Margin - 19.9% 15.25% - - 18.15% 18.02% - 21.24% 22.22% 18.21% 20.84% 22.78% 20.4% 19.85% -
Earnings before Tax (EBT) 1 - 2,636 2,223 - 2,666 2,692 2,693 3,140 3,977 4,002 3,325 4,454 4,998 4,362 4,802 -
Net income 1 - 1,954 1,798 1,872 2,296 2,226 2,044 2,624 3,348 3,518 2,806 3,829 4,217 3,649 3,967 -
Net margin - 16.81% 15.02% 15.68% 16.95% 16.41% 14.65% 17% 18.92% 21.81% 17.92% 20.04% 19.79% 19.26% 19.67% -
EPS 2 - 12.82 11.95 12.34 15.14 14.67 13.48 17.29 22.06 23.20 18.50 25.24 28.28 24.18 26.76 -
Dividend per Share - - - - - - - - - - - - - - - -
Announcement Date 20-10-28 21-02-02 21-05-18 21-07-30 21-11-12 22-02-03 22-05-17 22-08-03 22-11-08 23-02-14 23-05-18 23-08-09 - - - -
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - 2,410 - - - - - -
Net Cash position 1 1,912 - 20,700 19,971 32,272 27,841 34,215 43,164
Leverage (Debt/EBITDA) - 0.3354 x - - - - - -
Free Cash Flow 1 223 238 2,859 1,916 11,789 1,472 9,824 12,182
ROE (net income / shareholders' equity) 19.5% 18.6% 18.5% 14.7% 18.5% 20.1% 18.5% 18%
ROA (Net income/ Total Assets) - 12.4% 13.2% 11.4% 15.1% 17.3% 17.9% 16.4%
Assets 1 - 36,898 56,134 73,965 81,354 92,841 99,249 122,020
Book Value Per Share 2 166.0 190.0 351.0 404.0 474.0 569.0 669.0 786.0
Cash Flow per Share 2 - 50.60 49.00 34.90 98.80 106.0 118.0 138.0
Capex 1 3,685 6,743 4,390 3,371 3,225 13,109 8,156 8,063
Capex / Sales 12.97% 20.03% 9.59% 6.36% 4.97% 16.76% 8.97% 7.66%
Announcement Date 19-05-17 20-06-04 21-05-18 22-05-17 23-05-18 - - -
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
25
Last Close Price
3,747 INR
Average target price
4,097 INR
Spread / Average Target
+9.33%
Consensus
  1. Stock Market
  2. Equities
  3. PIIND Stock
  4. Financials PI Industries Limited