Pi Industries Limited

BSE: 523642 NSE: PIIND
Pi Industries Limited - agriculture in Udaipur, Rajasthan, India. FY 2026 financials & compliance.
CIN L24211RJ1946PLC000469 Incorporated 31 December 1946 ROC Jaipur HQ Udaipur, Rajasthan, India
Active Listed - NSE: PIIND · BSE: 523642 Public Limited Company agriculture Fortune India 500 · #321 Nifty 500
Data last updated
Market Cap
₹26,854 Cr
PIIND · NSE
Share Price
₹1,735.00
-1.98% today
Revenue
₹6,714 Cr
FY 2025-26 · -15.9% YoY
EBITDA
₹1,703 Cr
Margin 25.4%
Net Profit
₹1,202 Cr
FY 2025-26 · -27.7% YoY
P/E (TTM)
30.7x
P/B 3.0x
ROE
12.3%
ROCE 15.6%
Debt / Equity
0.02
Interest cover 3.3x

About Pi Industries Limited

Data last updated:

Pi Industries Limited is a public limited company based in Udaipur, Rajasthan, India. It operates in the crop protection segment of the agriculture sector. It was incorporated on 31 December 1946 and has been in existence for over 80 years.

Pi Industries is ranked #321 on the Fortune India 500 (2025). It is part of the Nifty 500 and BSE 500 indices. Its director Pia Singh is #316 among India's richest people (2026).

The company is registered with the Registrar of Companies (ROC), Jaipur, under CIN L24211RJ1946PLC000469. Its GSTIN is 08AABCP2183M1Z5 (Rajasthan). The company holds 38 GST registrations, of which 21 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 523642 and NSE: PIIND.

The company has an authorised share capital of ₹88.8 Cr and a paid-up capital of ₹15.17 Cr. It was formerly known as Mewar Oil and General Mills Limited and Pesticides India Ltd. It is led by directors including Mayank Singhal (Managing Director) and Atulkumar Virendrakumar Gupta (Whole-Time Director).

Its last annual general meeting (AGM) was held on 14 August 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Udaisagar Road, Udaipur, Rajasthan, India – 313001.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹6,713.7 Cr, a decline of 15.8% compared to the previous year. For the same year it recorded a net profit of ₹1,201.6 Cr (net margin 17.9%) and EBITDA of ₹1,703.2 Cr (EBITDA margin 25.4%). The net worth stands at ₹11,231 Cr (up 10.6% YoY). Total assets are valued at ₹11,750 Cr (up 11.3% YoY).

The company has about 3,499 employees on its provident fund (EPFO) records. Its group structure includes 5 subsidiaries and 1 joint venture.

The company is associated with 2 brands: PI Health Sciences and PI Industries. As per MCA filings, the company has open charges of ₹840.24 Cr and satisfied charges of ₹1,299.47 Cr on record. Court records list 651 cases involving the company, including 413 filed by the company and 238 filed against it; 185 cases are pending. The company has 54 deals on record (44 market trades, 5 secondary share transfers, 2 qips), with disclosed funding of ₹47.24 Cr; the latest was in July 2025. Its 3 peer companies in the Agriculture industry (Pesticides), with the same principal business activity (manufacture of chemicals and chemical products) are compared by revenue, 3 larger; the largest is Upl Limited with revenue of ₹43,581 Cr. The company has 12 MSME Form 1 returns on record between 2020 and 2024, listing 4,816 overdue payments to 394 micro and small suppliers.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website piindustries.com.

Company details

CIN L24211RJ1946PLC000469
Registration Number 000469
Incorporation Date 31 December 1946
ROC Jaipur
Listing Status Listed - Listed on NSE (PIIND); Listed on BSE (523642)
Company Status Active
Date of Last AGM 14 August 2026
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant

Name history

Pi Industries has undergone 2 name changes throughout its history. The company was previously known as Mewar Oil And General Mills Limited, and Pesticides India Ltd. The current legal name is Pi Industries Limited.

Company NameStatus
Pi Industries LimitedCurrent
Mewar Oil And General Mills LimitedPrevious
Pesticides India LtdPrevious
Key People
Mayank Singhal Managing Director Atulkumar Virendrakumar Gupta Whole-Time Director Narayan Keelveedhi Seshadri Director

Recognitions & Rankings of Pi Industries

Fortune India 500 2025 edition
Rank#321
Total income
₹8,058 Cr
Profit
₹1,660 Cr
Last year #297
India's Most Valuable Companies 2024 edition · Source: Hurun India
Rank#110
Valuation
₹61,640 Cr
2023 #90 2022 #85 2021 #91
India's Richest People 2026 edition · 1 director · Source: Hurun India
Stock market indices
Nifty 500 BSE 500

Contact details

Pi Industries Limited's registered office is in Udaipur, Rajasthan. Its website is piindustries.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    piindustries.com
  • Social Media
  • Registered Address
    Udaisagar Road, Udaipur, Rajasthan, India – 313001
  • Industry
    Agriculture, Crop Protection

To see the full contact details of Pi Industries Limited, buy the company report.

Comprehensive company report
Pi Industries Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
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Secure checkout · GST invoice included

Brands

Pi Industries operates two associated brands: PI Health Sciences and PI Industries. Each brand links to its own profile.

BrandDescriptionWebsite
PI Health Sciences
Specializes in CRO and CDMO services for medicinal chemistry and API manufacturing.pihealthsciences.com
PI Industries
Agro chemicals are manufactured along with custom synthesis services.piindustries.com

Business activity

The main business activity of Pi Industries is manufacturing. In detail, this covers manufacture of chemicals and chemical products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturing20Manufacture of chemicals and chemical products

To see the full business activity and turnover split of Pi Industries Limited, buy the company report.

Financials of Pi Industries Limited

FY 2025-26 filings available

Pi Industries Limited reported revenue of ₹6,713.7 Cr (down 15.8% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹6,714 Cr
-15.8% YoY
EBITDA
₹1,703 Cr
-22.7% YoY
Profit After Tax
₹1,202 Cr
-27.7% YoY
Net Worth
₹11,230 Cr
+10.6% YoY
Total Assets
₹11,750 Cr
+11.3% YoY
Total Debt
₹342 Cr
+85.9% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue6,7147,9787,6666,4925,3004,5773,366
Revenue growth-15.9%+4.1%+18.1%+22.5%+15.8%+36.0%-
EBITDA1,7032,2022,0281,5441,1461,018720
EBITDA margin+25.4%+27.6%+26.5%+23.8%+21.6%+22.2%+21.4%
Profit before tax1,6962,1421,8951,4441,033938614
Net profit1,2021,6631,6831,230844738456
Net profit margin+17.9%+20.8%+22.0%+18.9%+15.9%+16.1%+13.5%
EPS (₹)86.89109.22110.6380.8955.5148.5733.09
Balance sheet
Total assets11,75010,5549,1187,2916,4745,7523,233
Net worth11,23010,1578,7317,1986,1205,3422,619
Total debt34218419146.50316373519
Cash & bank2,1822,5002,7042,2431,4101,476134
Net working capital4,5124,0253,8073,5102,8792,471895
Cash flow
Cash from operations4741,4132,0361,501529725698
Cash from investing(612)(1,421)(1,800)(496)(110)(2,430)(985)
Cash from financing(171)(286)(222)(483)(177)1,690350
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue1,7021,7021,5651,3761,8721,9001,7871,901
Revenue growth (YoY)-9.1%-10.4%-12.4%-27.6%-15.7%-8.1%--
Other income64.6066.0076.0017284.6088.7074.7076.10
EBITDA233367335302541519456512
EBITDA margin+13.7%+21.6%+21.4%+22.0%+28.9%+27.3%+25.5%+26.9%
Depreciation10510410710598.0096.5090.2099.10
Interest8.407.903.706.202.603.907.908.30
Profit before tax184322300363525507432481
Tax61.8077.6010051.60116107102108
Net profit122244200311409400330373
EPS (₹)8.0516.1013.2020.5226.9826.3621.7824.55
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue6,1837,5717,1456,2705,0774,3613,307
Revenue growth-18.3%+6.0%+14.0%+23.5%+16.4%+31.9%-
EBITDA1,8282,3862,0371,5221,114991700
EBITDA margin+29.6%+31.5%+28.5%+24.3%+22.0%+22.7%+21.2%
Profit before tax1,7992,3961,9951,4221,000902594
Net profit1,5421,8691,7321,211820710443
Net profit margin+24.9%+24.7%+24.2%+19.3%+16.2%+16.3%+13.4%
EPS (₹)94.39122.80113.8679.7053.9346.7432.05
Balance sheet
Total assets11,58410,3888,7617,1666,3705,6853,195
Net worth11,36910,3038,6817,0976,0395,2862,591
Total debt64.9052.2044.5033.30305370519
Cash & bank1,9892,2892,5442,1321,3221,421110
Net working capital4,0513,5453,3063,2852,6842,295762
Cash flow
Cash from operations6941,4782,0991,502485772661
Cash from investing(680)(1,536)(1,933)(576)(104)(2,470)(962)
Cash from financing(256)(251)(205)(430)(175)1,689350
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue1,5341,5991,3911,2701,7531,7691,6481,780
Revenue growth (YoY)-12.5%-9.6%-15.6%-28.7%-17.8%-12.1%--
Other income62.5060.8071.1076.3080.3080.0068.2072.80
Total expenses1,2371,1401,1189211,1461,1951,1441,235
EBITDA297459274349607574504545
EBITDA margin+19.4%+28.7%+19.7%+27.5%+34.6%+32.4%+30.6%+30.6%
Depreciation82.2080.3084.7077.5071.8070.6064.7067.10
Interest1.902.302.002.900.901.601.602.00
Profit before tax275437258345615582506548
Tax68.1095.5060.1063.30124117120124

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 07 Nov 2026
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue1,7021,7021,5651,3761,8721,9001,7871,901
Revenue growth (YoY)-9.1%-10.4%-12.4%-27.6%-15.7%-8.1%--
Other income64.6066.0076.0017284.6088.7074.7076.10
EBITDA233367335302541519456512
EBITDA margin+13.7%+21.6%+21.4%+22.0%+28.9%+27.3%+25.5%+26.9%
Depreciation10510410710598.0096.5090.2099.10
Interest8.407.903.706.202.603.907.908.30
Profit before tax184322300363525507432481
Tax61.8077.6010051.60116107102108
Net profit122244200311409400330373
EPS (₹)8.0516.1013.2020.5226.9826.3621.7824.55
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue6,7147,9787,6666,4925,3004,5773,366
Revenue growth-15.9%+4.1%+18.1%+22.5%+15.8%+36.0%-
Other income44234821816610512949.70
Total expenses5,0105,7765,6384,9484,1543,5592,647
Employee cost953809731537490417321
EBITDA1,7032,2022,0281,5441,1461,018720
EBITDA margin+25.4%+27.6%+26.5%+23.8%+21.6%+22.2%+21.4%
Depreciation407352308226202175137
Interest42.9056.3043.6039.3016.1034.0019.00
Profit before tax1,6962,1421,8951,4441,033938614
Tax375482213215189200157
Net profit1,2021,6631,6831,230844738456
Net profit margin+17.9%+20.8%+22.0%+18.9%+15.9%+16.1%+13.5%
EPS (₹)86.89109.22110.6380.8955.5148.5733.09
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital15.2015.2015.2015.2015.2015.2013.80
Reserves & surplus11,21510,1428,7167,1836,1055,3272,605
Shareholders' funds (net worth)11,23010,1578,7317,1986,1205,3422,619
Minority interest0.000.000.000.000.000.000.00
Secured loans9.801.800.000.00268328519
Unsecured loans33218219146.5048.5044.900.00
Total debt34218419146.50316373519
Total liabilities11,75010,5549,1187,2916,4745,7523,233
Assets
Gross block6,6155,8014,8213,6143,2542,7472,292
Net block4,6204,2093,5282,6062,4522,1381,858
Capital work in progress1,030550278132114288271
Investments1,3601,5311,3361,016900872150
Inventories1,2179841,3011,3981,4231,053799
Sundry debtors1,6111,406930772869704646
Cash & bank balances2,1822,5002,7042,2431,4101,476134
Loans & advances1,158803498266407409296
Total current assets6,1685,6925,4324,6784,1093,6411,876
Total current liabilities1,6561,6671,6261,1681,2301,170981
Net working capital4,5124,0253,8073,5102,8792,471895
Total assets11,75010,5549,1187,2916,4745,7523,233
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash59288687335111012561.40
Net cash from operating activities4741,4132,0361,501529725698
Net cash from investing activities(612)(1,421)(1,800)(496)(110)(2,430)(985)
Net cash from financing activities(171)(286)(222)(483)(177)1,690350
Net change in cash(309)(294)13.80522241(15.00)63.20
Closing cash2,1822,5002,7042,2431,4101,476134
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-15.9%+4.1%+18.1%+22.5%+15.8%+36.0%-
EBITDA growth-22.7%+8.6%+31.3%+34.8%+12.5%+41.4%-
PBT growth-20.8%+13.1%+31.2%+39.8%+10.1%+52.9%+14.1%
Net income growth-27.7%-1.2%+36.9%+45.7%+14.3%+61.9%-
Revenue CAGR (3Y)+1.1%+14.6%+18.8%+24.5%+23.1%+26.2%+13.9%
EBITDA CAGR (3Y)+3.3%+24.3%+25.8%+29.0%+25.6%+27.1%+9.1%
Profitability & leverage
Net income margin+19.7%+20.8%+21.9%+18.9%+15.9%+16.1%+13.6%
Return on capital employed+15.6%+22.4%+23.6%+21.6%+17.2%+21.7%+22.5%
Return on net worth+12.4%+17.6%+21.1%+18.5%+14.7%+18.6%+18.6%
Debt / equity0.020.020.010.030.060.110.12
Long-term debt / equity0.020.010.010.020.040.090.08
Interest cover3.313.042.532.981.714.033.26
Efficiency & per share
Fixed asset turnover1.081.501.821.891.771.821.78
Inventory turnover6.106.985.684.604.284.945.04
Debtors turnover4.456.839.017.916.746.785.15
EPS (₹)86.89109.22110.6380.8955.5148.5733.09
Dividend per share (₹)15.0016.0015.0010.006.005.004.00
Book value per share (₹)738.85668.22574.41473.59402.66351.47189.79
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue1,5341,5991,3911,2701,7531,7691,6481,780
Revenue growth (YoY)-12.5%-9.6%-15.6%-28.7%-17.8%-12.1%--
Other income62.5060.8071.1076.3080.3080.0068.2072.80
Total expenses1,2371,1401,1189211,1461,1951,1441,235
EBITDA297459274349607574504545
EBITDA margin+19.4%+28.7%+19.7%+27.5%+34.6%+32.4%+30.6%+30.6%
Depreciation82.2080.3084.7077.5071.8070.6064.7067.10
Interest1.902.302.002.900.901.601.602.00
Profit before tax275437258345615582506548
Tax68.1095.5060.1063.30124117120124
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue6,1837,5717,1456,2705,0774,3613,307
Revenue growth-18.3%+6.0%+14.0%+23.5%+16.4%+31.9%-
Other income30830122415999.9011747.90
Total expenses4,3555,1855,1094,7483,9623,3702,607
Employee cost669620602500458426311
EBITDA1,8282,3862,0371,5221,114991700
EBITDA margin+29.6%+31.5%+28.5%+24.3%+22.0%+22.7%+21.2%
Depreciation305263246222198172133
Interest31.7028.2020.2037.5015.4034.2020.00
Profit before tax1,7992,3961,9951,4221,000902594
Tax364529264210181191152
Net profit1,5421,8691,7321,211820710443
Net profit margin+24.9%+24.7%+24.2%+19.3%+16.2%+16.3%+13.4%
EPS (₹)94.39122.80113.8679.7053.9346.7432.05
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital15.2015.2015.2015.2015.2015.2013.80
Reserves & surplus11,35410,2888,6667,0826,0245,2712,577
Shareholders' funds (net worth)11,36910,3038,6817,0976,0395,2862,591
Secured loans0.000.000.000.00268328519
Unsecured loans64.9052.2044.5033.3037.0042.400.00
Total debt64.9052.2044.5033.30305370519
Total liabilities11,58410,3888,7617,1666,3705,6853,195
Assets
Gross block4,9654,3963,8543,5083,2152,7212,097
Net block3,2282,9502,6342,5132,4232,1181,668
Capital work in progress875444221130114288270
Investments3,2563,2692,4481,1691,0361,012454
Inventories1,0508371,1671,3451,3321,011720
Sundry debtors1,3561,195703693791646548
Cash & bank balances1,9892,2892,5442,1321,3221,421110
Loans & advances1,027690358256405414283
Total current assets5,4225,0124,7724,4263,8503,4921,662
Total current liabilities1,3701,4661,4661,1421,1661,197900
Net working capital4,0513,5453,3063,2852,6842,295762
Total assets11,58410,3888,7617,1666,3705,6853,195
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash45776680531010311258.70
Net cash from operating activities6941,4782,0991,502485772661
Net cash from investing activities(680)(1,536)(1,933)(576)(104)(2,470)(962)
Net cash from financing activities(256)(251)(205)(430)(175)1,689350
Net change in cash(242)(308)(38.90)495207(9.20)49.20
Closing cash1,9892,2892,5442,1321,3221,421110
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-18.3%+6.0%+14.0%+23.5%+16.4%+31.9%-
EBITDA growth-23.4%+17.2%+33.8%+36.6%+12.5%+41.6%-
PBT growth-24.9%+20.1%+40.3%+42.1%+11.0%+51.7%+11.2%
Net income growth-17.5%+7.9%+43.0%+47.8%+15.4%+60.3%-
Revenue CAGR (3Y)-0.5%+14.3%+17.9%+23.8%+21.4%+24.2%+13.3%
EBITDA CAGR (3Y)+6.3%+28.9%+27.2%+29.6%+24.7%+26.1%+8.2%
Profitability & leverage
Net income margin+23.2%+24.7%+24.2%+19.3%+16.2%+16.3%+13.4%
Return on capital employed+16.7%+25.3%+25.3%+21.6%+16.9%+21.1%+22.1%
Return on net worth+13.2%+19.7%+21.9%+18.4%+14.5%+18.0%+18.2%
Debt / equity0.010.010.000.030.060.110.12
Long-term debt / equity0.000.000.000.020.040.090.08
Interest cover2.081.331.132.881.684.183.53
Efficiency & per share
Fixed asset turnover1.321.841.941.871.711.811.85
Inventory turnover6.557.565.694.684.335.045.27
Debtors turnover4.857.9810.248.457.067.305.47
EPS (₹)94.39122.80113.8679.7053.9346.7432.05
Dividend per share (₹)15.0016.0015.0010.006.005.004.00
Book value per share (₹)747.97677.81571.13466.89397.28347.76187.76

To see the full year-wise statements and ratios of Pi Industries Limited, buy the company report.

Board of directors of Pi Industries Limited

Pi Industries has 10 current directors and 29 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Narayan Keelveedhi Seshadri
Also directs: Pi Health Sciences Limited, Tranzmute Business Advisory LLP, Lindner Properties Limited Liability Partnership and 5 more
Director27 Jan 200620 Years 9 MonthsCurrent
Tanjore Soundararajan Balganesh
Also directs: Pi Health Sciences Limited, Gangagen Biotechnologies Private Limited, Byonox Private Limited and 3 more
Director16 May 20179 Years 5 MonthsCurrent
Mayank Singhal
Also directs: Singen Ventures Limited Liability Partnership, Singen Realty LLP, Fratelli Wines Private Limited and 2 more
Managing Director28 Sep 199828 Years 1 MonthsCurrent
Brown Lisa JaneDirector04 Aug 20206 Years 3 MonthsCurrent
Rajnish Sarna
Also directs: Pi Health Sciences Limited, Pi Fermachem Private Limited, Pi Bioferma Private Limited and 3 more
Director07 Nov 201214 Years 0 MonthsCurrent
Shobinder Duggal
Also directs: Sanofi Consumer Healthcare India Limited, Abb India Limited, Sbi Life Insurance Company Limited
Director12 Nov 20214 Years 11 MonthsCurrent
Showing 6 of 10 current directors. View all directors

Peer comparison

Pi Industries Limited is compared with the 3 companies closest to it by revenue in the Agriculture industry (Pesticides), with the same principal business activity (manufacture of chemicals and chemical products), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Upl Limited₹43,581 Cr (FY 2024)-19.0%Valsad, Gujarat, India
Coromandel International Limited₹24,444 Cr (FY 2025)10.0%Telangana, India
Chambal Fertilisers and Chemicals Limited₹16,861 Cr (FY 2025)-7.0%Kota, Rajasthan, India
Pi Industries Limitedthis company₹6,713.7 Cr (FY 2026)₹1,201.6 Cr17.9%-15.8%3,499Udaipur, Rajasthan, India

To see the full peer comparison of Pi Industries Limited, buy the company report.

Auditor

Pi Industries Limited is audited by Price Waterhouse Chartered Accountants LLP for the financial year 2025.

Auditor firmFinancial yearFirm registration number
Price Waterhouse Chartered Accountants LLPFY 2025012754N/N500016

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 46.10%, foreign institutional investors hold 14.80%, domestic institutional investors hold 31.70% and retail and other public shareholders hold 7.40%.

Promoters: 46.10%DII (Domestic Institutional): 31.70%FII (Foreign Institutional): 14.80%Retail & Others: 7.40%
Sep 2026
QUARTER
46.10% Promoters
31.70% DII (Domestic Institutional)
14.80% FII (Foreign Institutional)
7.40% Retail & Others
Promoter holding - history
Now 46.10% · Sep 2026High 46.10% · Dec 2025Low 46.10% · Dec 2025
45%45.8%46.5%47.3%48%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 46.10%Mar 2026: 46.10%Jun 2026: 46.10%Sep 2026: 46.10%46.10%46.10%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters46.10%46.10%46.10%46.10%
Public53.90%53.90%53.90%53.90%

Charges & borrowings

Open charges
₹840.24 Cr
Satisfied charges
₹1,299.47 Cr
Breakdown by lending institutions
State Bank of India₹840.00 Cr
Pal Hire Purchase Limited₹0.10 Cr
State Bank of Bikanare and Jaipur₹0.10 Cr
Citi Bank N.A.₹0.03 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
23 Apr 200710053208State Bank of India₹840 CrOpen
11 Feb 199390032965State Bank of Bikanare and Jaipur₹1.5 LakhOpen
27 Dec 199190071626Pal Hire Purchase Limited₹10.32 LakhOpen
30 Nov 199090069633Citi Bank N.A.₹3.19 LakhOpen
30 Jul 198890032261State Bank of Bikanare and Jaipur₹8.75 LakhOpen

To see the full charge records of Pi Industries Limited, buy the company report.

Total charge records: 76 View all charges

Deals & funding

Pi Industries Limited has 54 deals on record (44 market trades, 5 secondary share transfers, 2 qips), with disclosed funding of ₹47.24 Cr; the latest was in July 2025.

Total deals
54
Market trades
44
Secondary share transfers
5
QIPs
2
Funding rounds
2
Disclosed funding
₹47.24 Cr

Deals on record (5 of 54)

WhenDealAmountParties
Sep 2022Market trade₹630 CrBuyer: Morgan Stanley Investment Management, Sundaram Mutual Fund, Icici Prudential Life Insurance Company Limited
Seller: an individual
Jul 2020QIP₹2,000 CrInvestors: Others - QIP Shareholders, Aditya Birla Sun Life Trustee Private Limited A/c Aditya Birla Sun Life Focused Equity Fund, Aditya Birla Sun Life Trustee Private Limited A/c Aditya Birla Sun Life Equity Hybrid 95 Fund
Dec 2012Market trade₹11.58 CrSeller: Standard Chartered Capital Limited
Dec 2012Market trade₹7.18 CrSeller: Standard Chartered Capital Limited
Oct 2012Market trade₹91.16 CrBuyer: Citigroup Global Markets Mauritius Private Limited
Seller: Standard Chartered Capital Limited

To see the full deal history of Pi Industries Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

Pi Industries Limited has 12 MSME Form 1 returns on record between 2020 and 2024, listing 4,816 overdue payments to 394 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 394)

SupplierAmount dueDue sinceReported on
an individual supplier
an individual supplier
an individual supplier
Ankush Enterprises
an individual supplier

To see the full MSME payment records of Pi Industries Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Group structure & subsidiaries

Pi Industries has 5 subsidiary companies, 1 joint venture, and 1 associated company. This group structure data is as of FY 2025. The table lists each entity with its relationship and holding.

5
Subsidiary companies
1
Joint ventures
1
Associated companies
Key subsidiaries
Company NameCINShares held
Pi Fermachem Private LimitedU24233RJ2020PTC070968
Pi Bioferma Private LimitedU24290RJ2020PTC070948
Pi Health Sciences LimitedU24290RJ2021PLC076803
Pill Finance and Investments LimitedU65990RJ1992PLC055823
Pi Life Science Research LimitedU73100DL2004PLC131109

To see the full group structure of Pi Industries Limited, buy the company report.

Employees & EPFO

Pi Industries Limited has a workforce of 3,499 employees on its EPFO records as of Oct 10, 2025, across 2 active EPFO establishments.

Employee count
3,499
Active EPFO establishments
2
Employee growth
6.29%

GST

Pi Industries has 38 GST registrations: 21 active and 17 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
38
Active
21
Cancelled / inactive
17
GSTINStateStatusRegistered on
08AABCP2183M1Z5RajasthanActive01 Jul 2017
03AABCP2183M1ZFPunjabActive01 Jul 2017
06AABCP2183M1Z9HaryanaActive01 Jul 2017
09AABCP2183M1Z3Uttar PradeshActive01 Jul 2017

To see the full GST registrations and return filing status of Pi Industries Limited, buy the company report.

Recent activity

Pi Industries Limited has 58 board changes on record since 1990: 35 appointments and 23 cessations. The latest: Atulkumar Virendrakumar Gupta was appointed as Whole-Time Director on 14 Aug 2026.

AGM
Pi Industries Limited last Annual general meeting of members was held on 14 Aug 2026 as per latest MCA records.
Appointed
Atulkumar Virendrakumar Gupta was appointed as Whole-Time Director.
Filing
Pi Industries Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Jaipur.
Appointed
Vegulaparanan Kasi Viswanathan was appointed as Director.
Appointed
Shruti Ratnakar Joshi was appointed as Company Secretary.
Appointed
Sanjay Agarwal was appointed as CFO.
Ceased
Manikantan Viswanathnan ceased to be CFO.
Appointed
Rafael Del Rio Donoso was appointed as Director.
Charges
A charge registered on 07 Jun 2022 via Charge ID 100580339 with The Hongkong And Shanghai Banking Corporation Limited was fully satisfied on 24 Apr 2023.
Ceased
Pravin Kanubhai Laheri ceased to be Director.
Ceased
Ramni Nirula ceased to be Director.
Appointed
Pia Singh was appointed as Director.

234 earlier events are in the company report.

News

PIIND: Q2 REVENUE 1.7B RUPEES VS 18.72B (YOY)
04 Nov 2026 · Exchange Update
PIIND: Q2 CONS NET PROFIT 1.22B RUPEES VS 4.09B (YOY); EST 2.72B
04 Nov 2026 · Exchange Update
PIIND: Q2 EBITDA 2.36B RUPEES VS 5.43B (YOY); Q2 EBITDA MARGIN 13.88% VS 29.02% (YOY)
04 Nov 2026 · Exchange Update
PI Industries: To Hold Meeting With Analysts And Investors On September 23
18 Sep 2026 · Exchange Update

From our blog

Frequently asked questions

Pi Industries is an active public limited company based in Udaipur, Rajasthan, India. The company works in crop protection, within the agriculture industry. It was incorporated on 31 December 1946 (80+ years old) and is registered under CIN L24211RJ1946PLC000469. Listed on BSE: 523642 and NSE: PIIND.

Pi Industries reported revenue of ₹6,713.7 Cr for FY 2025-26 (down 15.8% YoY) based on consolidated financials.

Pi Industries has 10 current directors:

The latest financial statements of Pi Industries on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 14 August 2026. Year-wise statements from 2015 are in the company report.

The GSTIN of Pi Industries is 08AABCP2183M1Z5, registered in Rajasthan. The company has 38 GST registrations in all, of which 21 are active and 17 are cancelled or inactive. Other active GSTINs include 03AABCP2183M1ZF (Punjab), 06AABCP2183M1Z9 (Haryana), 09AABCP2183M1Z3 (Uttar Pradesh).

The CIN (Corporate Identification Number) of Pi Industries is L24211RJ1946PLC000469. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Pi Industries is a listed company as per MCA records. Its shares are listed on both BSE (code: 523642) and NSE (symbol: PIIND).

Pi Industries has 651 court cases on record: 413 filed by the company and 238 filed against it. 185 are pending. Most are in the district courts.

Pi Industries was incorporated on 31 December 1946, making it 80+ years old. It is registered with the Registrar of Companies, Jaipur.

Pi Industries has 54 deals on record (44 market trades, 5 secondary share transfers, 2 qips), with disclosed funding of ₹47.24 Cr; the latest was in July 2025.

The peers of Pi Industries by revenue are Upl Limited, Coromandel International Limited, Chambal Fertilisers and Chemicals Limited, all in the Agriculture industry (Pesticides), with the same principal business activity (manufacture of chemicals and chemical products).

Atulkumar Virendrakumar Gupta was appointed as Whole-Time Director on 14 Aug 2026. Vegulaparanan Kasi Viswanathan was appointed as Director on 19 May 2025. Shruti Ratnakar Joshi was appointed as Company Secretary on 03 Apr 2025. Pi Industries has 58 board changes on record in total.