P I Industries Ltd (PIIND)
₹2998.35▲0.29%
Key Stats
₹2958.05
Day's Price Range
₹3014.9
₹2333.55
52-Week Price Range
₹3504.85
| Returns | |
| 1 Month Return | -12.66 % |
| 3 Month Return | 15.84 % |
| 1 Year Return | -5.94 % |
Company Financials
Value in ₹ crore
Peer Comparsion
PE
Rank 24
49.32
EPS
Rank 12
₹60.61
BVPS
Rank 11
₹402.66
Dividend Yield
Rank 31
0.22%
ROE
Rank 26
14.48%
Price To Book Ratio
Rank 22
7.42
Debt To Asset
Rank 28
0.23
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Company Information
PI Industries Limited PI is an agrisciences company with strong presence in both domestic and export market. The company has three manufacturing facilities in Gujarat and a Research Development centre at Udaipur. The manufacturing facilities include 5 multipurpose plants at Panoli and 3 multipurpose plants at Jambusar and dedicated highpressure reaction facilities equipped with futuristic is automation. In addition the companys two formulation units at Panoli help it meet the requirements of local as well as global clientele. PI Industries was founded and incorporated by the name Mewar Oil General Mills Ltd. in 1946. During the period 19471980 the company established marketing network across India installed Agchem technical plant diversified into mining and mineral processing business later hived off into a separate company named as Wolkem India Ltd and started AgChem Formulation and Marketing under VEGFRU brand. The company made its first export of Agchem formulation during the period under review. During the period 19802000 the name of the company was changed to PI Industries Ltd. During the period under review the company diversified into Polymer Compounding Custom Synthesis Manufacturing and Energy Metering later rechristened as Secure Meters Ltd. During the period under review the company set up a manufacturing site at Panoli Gujarat and installed Phorate technical Plant. It also set up a turnkey Agchem Manufacturing Unit in the Middle East.During the period 20002005 PI Industries divested polymer business. During the period under review the company carried out expansion of its RD Centre at Udaipur and started formulation plant at Jammu.During the period 20052012 PI Industries successfully commissioned a new manufacturing site at Jambusar Gujarat. During the period under review the company divested Polymer Compounding business. During the period under review the company completed expansion of Custom Synthesis Manufacturing CSM facilities built two new MPPs in Panoli.On 5 November 2009 PI Industries Limited announced investment of Rs 50 crore into the company from Standard Chartered Private Equity SCPE. The investment is in the form of convertible preference shares and debentures. PI Industries will use the funds to partfinance the expansion of its existing facilities and setting up of a new manufacturing facility in Gujarat.On 6 January 2011 PI Industries Limited PI announced the inauguration of the PISony Research Centre at Udaipur. The Research Centre will focus on development of synthetic organic chemicals for applications in the electronics industry.On 31 January 2013 PI Industries Ltd announced that it has concluded its fund raising exercise through Qualified Institutional Placement QIP process. The company raised Rs 117.33 crore through the QIP route which saw participation by some highly reputed investors in India and across the globe. The issue was priced at Rs 609.60 per share. In 201314 PI Industries set up a new formulation site at Panoli in Gujarat.In 20142015 PI Industries commercialized three new molecules for custom synthesis exports. It also established an office in Germany in 20142015. On 11 December 2015 PI Industries Limited PI a leading Indian AgriInput and Custom Synthesis company announced that its promoters have divested their holding to the extent of 6.4. Their holding will stand at 51.7 extransaction. The stake was acquired by a combination of highquality domestic and foreign investors reaffirming their faith in the companys longterm prospects.In 20152016 PI Industries established a StateoftheArt RD center P. P Singhal Research Centre at Udaipur Rajasthan. During the period under review PI Industries commissioned two world class Multi Product Plants at Jambusar in Gujarat. The company also established a new operations office at Vadodara Gujarat during the period under review.On 30 May 2016 PI Industries Limited PI and Mitsui Chemicals Agro Inc. MCAG jointly announced to have entered into an agreement to establish a joint venture company in India. This joint venture company is being set up to provide registration services for MCAGs proprietary agrochemicals and intends to leverage PIs deep understanding of Indian agriculture farmers needs regulatory system etc. and MCAGs capability of delivering innovative agrochemicals. This tie up will further strengthen collaboration between the two companies and help them bring innovative solutions in India to enhance farm productivity. MCAG will hold 51 stake and P I Life Science Research Ltd a wholly owned subsidiary of PI Industries will hold 49 stake in the new joint venture company. The joint venture company will be named Solinnos Agro Sciences Pvt. Ltd.On 9 May 2017 PI Industries and BASF one of the worlds leading chemical companies and a wellknown name in the in the crop protection industry announced a strategic partnership to offer farmers in India a broader portfolio of crop protection solutions. PI Industries will market BASFs innovative fungicide technologies for rice maize fruits and vegetables as well as a new herbicide for maize. Following this partnership model both companies aim to enhance their market participation in these important crops segments.On 22 June 2017 PI Industries announced an equal joint venture with Kumiai Chemical Industry Co. Ltd. Japan to bring superior innovative solutions in India to enhance farm productivity. The 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 JVC portfolio in future for evaluation manufacture registration and distribution in India to leverage PIs deep understanding of Indian agriculture brand and reach with the Indian farmers and Kumiais robust research and development capabilities for new products. The JVS will be named PI Kumiai Private Ltd and headquartered at Gurugram Haryana India.In 201718 PI Industries simultaneously launched 5 new generation products for the first time.As on 31 March 2018 the Company had three Whollyowned Subsidiaries and two Associate Companies.Consequent to the nationwide lockdown announced on 24th March 2020 Companys operations were disrupted at RD facilities at Udaipur manufacturing facilities at Gujarat and sales depots across the country. The Company has since been able to resume operations at its various sites from the beginning of April in a gradual manner and management believes that being into an essential commodity there is no significant impact of COVID19 pandemic on the current and future business condition of the Company.The Company invested Rs 3420 million in fixed assets for expansion of manufacturing and Research Development capacities.The Company completed the acquisition of Isagro Asia Agrochemicals Private Ltd Isagro Asia on 27 December 2019 by acquiring 100 stake from Isagro S.p.A. and its affiliates.The total transaction value of acquisition is Rs 4432 million and Isagro Asia has a 30 Acre manufacturing site including production plants for agrochemical technical and formulations adjacent to Companys existing manufacturing unit in Panoli Gujarat. The Company successfully completed Integration of Isagro brand molecules and the manufacturing facilities with an aim to maximize synergies and capacity utilization.The Company has raised Rs 20000 million in July 2020 through Qualified Institutional Placement QIP of equity shares. The Company has issued 13605442 equity shares of face value of Re 1 each at a price of Rs 1470 per Equity Share including a premium of Rs 1469 per Equity Share.During the FY2021the company has incorporated two whollyowned subsidiaries namely PI Enzachem Private Limited and PI Fermachem Private Limited.As on 31 March 2021the Company had seven Whollyowned Subsidiaries and two Joint Ventures with leading Japanese Companies.The Company has entered into two joint ventures JV agreements lhrough its subsidiaries on 11 October 2021 wilh Polymath holding LLC for undertaking the business of Manufacturing and selling lhe producls for bio chemislry process and bio chemical enabled pharmaceutical intermediates.The Board of Directors of the Company at its meeting held on February 12 2020 had approved a Scheme of Amalgamation hereinafter referred to as Scheme of lsagro Asia Agrochemicals Private Limited wholly owned subsidiary into the Company. Honble National Company Law Tribunal NCLT through its order dated 06 December 2021 has approved the scheme.
| Organisation | P I Industries Ltd |
| Headquarters | Udaipur |
| Industry | Agro Chemicals |