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PI INDUSTRIES
PE (Price/Earnings) Ratio

The Current P/E Ratio of PI INDUSTRIES is 29.52.

Share Price ₹2,257.5Sep 11,2026
Market Cap ₹34,246.3 Cr
Earnings-TTM₹1,160.2 CrTTM-Consolidated Results
Price/Earnings29.52xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of PI INDUSTRIES

Price-to-Earnings ratio, P/E Multiple, or P/E Ratio is an important valuation multiple that is defined as:

P/E = Market Capitalization / Net Income

or, using per-share numbers:

P/E = Stock Price / Earnings Per Share (EPS)

Applying the above formula, P/E ratio of PI INDUSTRIES is calculated as :

Current Market Cap [ ₹34,246.3 Cr] as on Sep 11,2026

(/) Earnings [ ₹1,160.2 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 29.52x ]

P/E Ratio indicates the multiple of earnings investors are willing to pay to own one share of the company.

Thus, for PI INDUSTRIES , the investors are currently willing to pay 29.52 times earnings to own 1 share of the company.

PE Multiples are the most widely used valuation multiple in practice.

Since P/E ratio uses Net Income in the calculation, P/E multiples are not always reliable for valuing companies with negative earnings.

In such cases, you may consider using Price to Book ratio or Price to Sales ratio of PI INDUSTRIES !

P/E ratios, also, would not adjust for differences in the capital structure between companies.

The chart below summarizes the trend in P/E Ratio of PI INDUSTRIES over the last five years.

Historical PE (Price/Earnings) ratio chart of PI INDUSTRIES


PE Ratio Performance Analysis for PI INDUSTRIES

- PI INDUSTRIES 's latest p/e ratio is 29.52x.

- PI INDUSTRIES 's p/e ratio for fiscal years ending Mar2026 to Mar2022 averaged 37.17x.

- PI INDUSTRIES 's operated at median p/e ratio of 34.97x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, PI INDUSTRIES 's p/e ratio peaked in Mar2022 at 50.82x.

- PI INDUSTRIES 's p/e ratio hit its five-year low in Mar2026 of 31.28x.


How does PI INDUSTRIES 's P/E Ratio benchmark against top 10 peers in Pesticides & Agrochemicals Industry?

Peer Comparison (Pesticides & Agrochemicals Industry)Earnings-TTM (Cr)PE RatioMarket Cap
PI INDUSTRIES 1,160.2029.5234,246.3
UPL LTD2,618.0018.5048,442.7
SUMITOMO CHEMICAL INDIA LTD579.3941.0923,809.2
BAYER CROPSCIENCE LTD732.1024.4317,886.9
SHARDA CROPCHEM LTD626.2111.046,911.3
RALLIS INDIA LTD214.0018.363,928.3
DHANUKA AGRITECH LTD296.9614.724,370.0
NACL INDUSTRIES LTD12.37298.533,692.9
BHAGIRADHA CHEMICALS & INDUSTRIES LTD27.53121.283,338.3
BHARAT RASAYAN LTD135.9014.161,924.1
INSECTICIDES (INDIA) LTD124.8114.091,758.4

Pesticides & Agrochemicals Industry Benchmark (Top 10) PE Analysis vs PI INDUSTRIES 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 11.04x
Max industry PE 298.53x
Median industry PE 18.50x
Average industry PE 55.07x



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