P I Industries (PIIND)

FairStock Score: 39/100 — MIXED

Score breakdown: P/E: 0/3 · ROCE: 1/2 · Growth: 0/2 · Dividend: 0/1

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach P I Industries with Graham's caution and Buffett's preference for durable moats. On quality, the numbers are encouraging: ROCE of 22.86%, ROE of 14.29%, and debt/equity of only 0.03. That tells me the business can earn decent returns without leaning on debt. Promoter holding of 46.09% aligns management with shareholders. The five-year revenue CAGR of 18.84% shows it has grown in the past, but the present is weak: sales growth is -7.94%, profit growth is -47.40%, and the latest quarter had sales of ₹1,376 Cr and net profit of ₹311 Cr. Free cash flow is -₹8 Cr, so profits are not currently converting into cash. Graham would focus on the gap between price and intrinsic value. The Graham Number is ₹1,200.38, while the stock trades at ₹2,490.10, giving a margin of safety of -159.69%—I am paying far above that conservative value. P/E of 32.47 and P/B of 3.36 are not bargain multiples. The Piotroski F-Score of 6/9 is middling, Altman Z-Score of 4.19 suggests low solvency stress, and the negative EV/EBITDA of -83.43 is a warning that the data is distorted or EBITDA is negative. FairStock score of 39/100 is mixed. The 52-week range shows it has fallen from ₹3,832.90 to ₹2,490.10, but a falling price alone is not a margin of safety. Agrochemicals are cyclical. I would wait for positive free cash flow, stabilizing profit, and a valuation closer to Graham's number before calling it a value buy.

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Data from BSE/NSE filings. AI analysis is for educational purposes only — not investment advice. Scoring methodology · Disclaimer