PI Industries Share Price Target for 2025, 2026, 2027, 2028, 2029

PI Industries is a leading Indian agriscience company, headquartered in Gurgaon, Haryana. Founded in 1946, it has a long history of innovation and growth in the agricultural sector.

PI Industries Overview

Industry: Agriscience Founded: 1946 Headquarters: Gurgaon, Haryana, India Products and services: Crop protection chemicals, fine chemicals, pharmaceutical intermediates, and custom synthesis Website: https://www.piindustries.com/

Business Model

PI Industries operates a unique business model in the agchem space, providing innovative solutions to its customers from R&D to distribution by partnering with the best. This involves:

  • Discovery: Identifying new molecules with potential for agricultural applications.
  • Development: Optimizing these molecules for safety, efficacy, and cost-effectiveness.
  • Evaluation & Trials: Conducting extensive field trials to ensure the performance of the new products.
  • Registration: Obtaining regulatory approvals for the sale of the new products.
  • India Scale-Up: Optimizing the manufacturing process for the Indian market.
  • Manufacturing: Producing the new products at its own world-class manufacturing facilities.
  • Marketing & Distribution: Selling the new products to farmers through a network of distributors.

This integrated approach allows PI Industries to bring new products to market quickly and efficiently, while also ensuring the quality and safety of its products.

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PI Industries Products

Crop Protection Chemicals:

  • Insecticides: These target insects that damage crops, including:
    • Acron: A broad-spectrum insecticide effective against various sucking pests like aphids, whiteflies, and thrips.
    • Marshal: A powerful insecticide that controls termites, grubs, and other soil-dwelling pests.
  • Fungicides: These control fungal diseases in crops, including:
    • Shield: A broad-spectrum fungicide that protects crops from a wide range of fungal diseases.
  • Herbicides: These control weeds that compete with crops for water and nutrients.
  • Other crop protection products: PI Industries also offers miticides, rodenticides, and other specialized crop protection products.

Fine Chemicals:

  • High-purity chemicals used in various industries, including:
    • Pharmaceuticals
    • Food
    • Cosmetics
    • Electronics

Pharmaceutical Intermediates:

  • Chemicals used in the manufacture of active pharmaceutical ingredients (APIs).

PI Industries Fundamentals


  • Market Capitalization: ₹552,926 Million (as of February 21, 2024)
  • Revenue: ₹5,955 Crore (FY 2023)
  • Profit After Tax (PAT): ₹1,770 Crore (FY 2023)
  • Earnings per Share (EPS): ₹11.67 (FY 2023)
  • Debt-to-Equity Ratio: 0.03 (as of March 31, 2023)


  • Revenue has grown at a CAGR of 18% over the past 5 years.
  • PAT has grown at a CAGR of 24% over the past 5 years.
  • EPS has grown at a CAGR of 25% over the past 5 years.


  • Operating margin: 21% (FY 2023)
  • Net profit margin: 30% (FY 2023)
  • Return on Equity (ROE): 31% (FY 2023)

PI Industries Revenue and Net Profit


  • FY 2023: ₹5,955 Crore (Image of PI Industries revenue FY23)
  • FY 2022: ₹4,821 Crore
  • FY 2021: ₹4,156 Crore
  • FY 2020: ₹3,456 Crore
  • FY 2019: ₹3,331 Crore

Net Profit:

  • FY 2023: ₹1,770 Crore (Image of PI Industries net profit FY23)
  • FY 2022: ₹1,422 Crore
  • FY 2021: ₹1,105 Crore
  • FY 2020: ₹859 Crore
  • FY 2019: ₹730 Crore

PI Industries Shareholding Patterns

CategoryPercentage holding
Foreign Institutional Investors (FIIs)20.41%
Domestic Institutional Investors (DIIs)23.20%

PI Industries Share Price Target for 2025, 2026, 2027, 2028, 2029

YearShare Price Target

PI Industries Share Price Target for 2025

PI Industries Share Price Target for 2025 is 4500.

PI Industries Share Price Target for 2026

PI Industries Share Price Target for 2026 is 5000.

PI Industries Share Price Target for 2027

PI Industries Share Price Target for 2027 is 6000.

PI Industries Share Price Target for 2028

PI Industries Share Price Target for 2028 is 7000.

PI Industries Share Price Target for 2029

PI Industries Share Price Target for 2029 is 8000.

PI Industries Dividend History

Interim Dividends:

  • February 14, 2022: ₹3.00
  • February 11, 2021: ₹3.00

Final Dividends:

  • August 25, 2022: ₹3.00
  • September 06, 2021: ₹2.00
  • August 11, 2023: ₹5.50
  • February 24, 2023: ₹4.50

Future Outlook of PI Industries


  • Strong Growth Potential: Analysts forecast earnings and revenue growth of 11% and 15.5% per annum, respectively, over the next few years. This suggests continued expansion and profitability.
  • Strategic Initiatives: The company is focused on expanding its portfolio of specialty and biological products, in-sourcing key intermediates, and increasing capacity utilization. These initiatives could drive future growth.
  • Export Growth: PI Industries has seen strong export growth, which could help them mitigate risks associated with the domestic market.
  • Sustainability Focus: The company’s focus on sustainability aligns with growing industry trends and could give them a competitive edge.

Read more: HDFC AMC Share Price Target for 2025, 2026, 2027, 2028, 2029

Risks Associated With Investing in PI Industries

Industry risks:

  • Cyclicality: The agrochemical industry is cyclical, meaning profitability can fluctuate based on agricultural output and commodity prices. Poor harvests or downturns in agriculture could impact PI Industries’ revenue.
  • Competition: The market is highly competitive with both domestic and global players. Intense competition could squeeze margins and limit growth potential.
  • Regulatory Environment: Regulatory changes related to environment, safety, and product approvals can have significant financial and operational impacts.

Company-specific risks:

  • Raw material dependence: PI Industries relies on imported raw materials, making them vulnerable to price fluctuations and supply chain disruptions.
  • Debt levels: The company has moderate debt levels, which could limit its ability to invest in growth initiatives or navigate economic downturns.
  • Execution risk: The success of PI’s strategic initiatives, like expanding its specialty portfolio and increasing capacity utilization, relies on proper execution. Failure to execute could limit growth potential.
  • Foreign exchange volatility: As an export-oriented company, PI is exposed to fluctuations in foreign exchange rates, which can impact profitability.

PI Industries Competitors

Domestic Competitors:

  • UPL Limited: A larger Indian agrochemical company with a broader product portfolio.
  • Bayer CropScience Ltd: A subsidiary of the German multinational Bayer, with a strong presence in herbicides and crop protection chemicals.
  • Sumitomo Chemical India Ltd: An Indian subsidiary of the Japanese Sumitomo Chemical, focusing on insecticides and fungicides.
  • Dhanuka Agritech Ltd: A major Indian player in insecticides and fungicides.
  • Other notable competitors: Excel Industries Ltd., Heranba Industries Ltd., India Pesticides Ltd., Insecticides (India) Ltd., Rallis India Ltd., Sharda Cropchem Ltd.

International Competitors:

  • BASF SE: A German multinational with a diverse agrochemical portfolio.
  • Syngenta Group: A Swiss multinational with a focus on seeds, crop protection, and animal nutrition.
  • Corteva Agriscience: An American company specializing in herbicides, insecticides, and other crop protection chemicals.
  • FMC Corporation: An American company with a strong presence in insecticides and fungicides.
  • Other notable competitors: Bayer AG, Dow AgroSciences, ChemChina, Nippon Soda, Nufarm Limited.

PI Industries Share Price FAQs

  • Is PI Industries a good investment? This depends on your individual investment goals and risk tolerance. It’s recommended to conduct thorough research and consider consulting with a financial advisor before making any investment decisions.
  • What are the risks associated with investing in PI Industries? Some potential risks include industry cyclicality, competition, regulatory changes, dependence on raw materials, and debt levels.
  • What is the dividend history of PI Industries? PI Industries has paid dividends consistently in recent years. You can find detailed information on their website or financial databases.
  • What are the analysts’ price targets for PI Industries? Analyst price targets can vary, but some sources predict the share price could reach ₹4500 in 2025 and ₹8000 by 2029. Remember, these are just predictions and should not be considered financial advice.

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