PI Industries share price today

P I Industries Ltd's share price was ₹2,187.00 at the close on 4 November 2026. It has been falling for 57 weeks. That is 19.7% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹2,051 and ₹3,758, and at that close it sat 8% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today P I Industries Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 30 weeks running.

Over the last 11 years the share price moved +282% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 15 May 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: foreign funds (FIIs) cut their stake for 8 quarters in a row, profit down on a year earlier for 7 quarters in a row and revenue down on a year earlier for 5 quarters in a row.

1. Foreign funds (FIIs) cut their stake for 8 quarters in a row

   From 19% to 14.8% of the company by the September 2026 quarter.

2. Profit down on a year earlier for 7 quarters in a row

   In the June 2026 quarter profit was ₹244 crore, -39% on a year earlier.

   Why: Profit fell because the company is spending on research and on new businesses like biologicals and pharma before they earn money.

   Next results: check whether margin moves toward the full-year range and whether management separates raw material, pricing, mix and investment effects.

   From the earnings call on 12 Aug 2026.

3. Revenue down on a year earlier for 5 quarters in a row

   In the June 2026 quarter revenue was ₹1,702 crore, -10.4% on a year earlier.

   Why: Revenue fell because the export chemical business stayed weak as crop prices and demand were low.

   Next results: check whether export chemical volumes, pricing and order-book conversion show the promised second-half recovery.

   From the earnings call on 12 Aug 2026.

For April to June 2026 (the quarter ended 30 June 2026), PI Industries reported revenue of ₹1,702 crore, down 10.4% from ₹1,900 crore a year earlier, and a profit of ₹244 crore, down 39.0% from ₹400 crore.

PI Industries results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

PI Industries' management discussed these results on a call held on 12 August 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

PI Industries closed at ₹2,187.00 on 4 November 2026, down 41.8% from ₹3,758.30 a year earlier (7 November 2025) and down 21.0% over five years. Its highest weekly close since March 2016 was ₹4,716.00 on 20 September 2024.

PI Industries share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

560 weekly closes from 11 March 2016 to 4 November 2026.

4 Nov 2026: PI Industries closed at ₹2,187.00, up 4.1% on the week and down 2.2% on the month. 12 Aug 2026: PI Industries held its results call for April to June 2026. Management guided: FY27 revenue growth in the low double digits, with the positive trajectory maintained.

Earlier

• 7 Aug 2026: ex-date for a dividend of ₹10 a share.
• Results for April to June 2026: Revenue down 10.4% and profit down 39.0% on a year earlier.
• 23 Feb 2026: ex-date for an interim dividend of ₹5 a share.

PI Industries paid ₹15 a share in regular dividends in the 12 months to 5 November 2026 (2 payments), a yield of 0.69% at the ₹2,187.00 close on 4 November 2026. The last was a dividend of ₹10 a share, ex-date 7 August 2026.

PI Industries dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. P I Industries Ltd paid out 17% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years.

From the NSE corporate-actions record, read 5 November 2026.

On the call for April to June 2026, held on 12 August 2026, PI Industries' management guided: FY27 revenue growth in the low double digits, with the positive trajectory maintained.

“We expect EBITDA for FY27 to be in the range of 25-26%.”Sanjay Agarwal, on the call for April to June 2026

What management guided

• FY27 operating margin in the 25-26% range.
• FY27 new product launches: 4-5 molecules mainly in X-Chem, plus a couple of electronic chemicals and 1-2 pharma products.
• Pioxaniliprole launch in India within FY27; one overseas filing next year and another the following year.
• FY27 standard capital spending ₹700-800 crore.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 12 August 2026.

When PI Industries reports July to September 2026, these are the 3 checks that show whether the story is still on course. First: Export CSM volumes, pricing and order-book conversion to demonstrate the promised second-half recovery rather than continued cycle pressure.

PI Industries is on 2 of our India lists: 52 week high & low and Small & mid cap stocks.

P I Industries Ltd earned ₹244 Cr of net profit in the Jun 2026 quarter, −39.0% on the same quarter a year earlier. Full-year FY26 profit was ₹1,321 Cr. Over 10 years profit has grown 15.5% a year on average. That is 14.3% of the quarter's revenue. The same quarter a year earlier earned ₹400 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹1,321 Cr (−20.4% on the year before).

Why profit moved: revenue changed −10.4% on a year earlier and the margin moved −5.0 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed −28.6% and revenue −16.5%. Profit is growing slower than sales: rising costs are taking part of the growth.

P I Industries Ltd reported ₹1,702 Cr of revenue in the Jun 2026 quarter, −10.4% on the same quarter a year earlier. Over 10 years it has grown 12.3% a year on average. The last full year, FY26, came in at ₹6,714 Cr. The last four reported quarters add to ₹6,515 Cr.

Revenue is everything the company billed its customers in the period.

FY26 revenue was ₹6,714 Cr, −15.8% on the year before.

Recent pace: the last four quarters grew −16.5% on average, against 12.3% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew −16.6%, against −8.8% a year over the last 8 quarters (rolling over); profit over the last 12 months grew −27.7%, against −18.4% a year (rolling over).

P I Industries Ltd's operating margin was 22.0% in the Jun 2026 quarter, 5.0 percentage points lower than the same quarter a year ago. Across 13 years it has been between 19.0% and 28.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −5.7 percentage points on the year while gross margin changed −0.7 points. So the drop came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

Over the last 3 years, 84% of P I Industries Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹474 Cr of operating cash against ₹1,321 Cr of profit.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

After ₹1,298 Cr of spending on assets, free cash was −₹824 Cr: it spent more than its operations brought in.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 84% of profit came in as cash: the cash cycle got 26 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives.

What to look at next: the bigger use of cash is spending on new assets, at 3.7× depreciation over three years. The next section checks what that spending is building.

P I Industries Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 119 days in FY26, up from 93 days in FY21. It spent ₹3,979 Cr on assets over the last 3 years. Customers take 88 days to pay, and stock sits for 157 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹6,714 Cr, each day of that cycle ties up about ₹18.4 Cr, so roughly ₹2,189 Cr is tied up in the business at any time.

FY26: customers took 88 days to pay and stock sat for 157 days, about 5.2 months of sales sitting as stock, for a full cycle of 119 days, longer than FY21's 93.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 157 days. Customers pay about 88 days after that. Suppliers are paid at 125 days. Together that makes the 119-day cycle.

Spending on assets: ₹3,979 Cr over the last 3 years, against ₹1,067 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹1,030 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

P I Industries Ltd's P/E is 30.7×, near the low end of its own history: it has been lower only 14% of the time. Its usual P/E (the middle reading) is 37.7×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹76.80.