PI Industries shares tumble 7% after Q4 profit drops 39% YoY to Rs 200 crore

Shares of PI Industries plunged 7.48% to an intraday low of Rs 2,889 during Wednesday’s trading session after the agrochemical major reported a sharp decline in quarterly earnings and revenue, triggering investor concerns over slowing growth and margin pressure.

The company posted a consolidated net profit of Rs 200 crore for the quarter, down 39% year-on-year from Rs 330 crore reported in the same period last year. Revenue from operations also slipped 12% to Rs 1,565 crore compared to Rs 1,787 crore a year ago.

Operating performance remained under pressure, with EBITDA down 26% YoY to Rs 337 crore, reflecting weaker profitability and subdued demand.

For FY26, PI Industries reported a 20% decline in profit at Rs 1,320 crore versus Rs 1,660 crore in the previous financial year. Annual revenue also dropped 16% to Rs 6,713 crore from Rs 7,977 crore in FY25.

Despite the weak financial performance, the board recommended a final dividend of Rs 70 per equity share (7,000%) for FY26, subject to shareholder approval at the upcoming AGM. Including the interim dividend of Rs 5 per share already paid during the year, the total dividend payout stands at Rs 75 per share.

Stock Performance and Valuation

PI Industries stock has declined nearly 17% over the past one year and is currently valued at a market capitalisation of Rs 46,976 crore. The stock touched a 52-week low of Rs 2,700.

On the valuation front, the stock trades at a price-to-earnings (P/E) ratio of 32.67 and a price-to-book (P/B) ratio of 4.68.

Technical indicators signal weak trend

According to Trendlyne data, the stock’s Relative Strength Index (RSI-14) stands at 57.5. Typically, an RSI below 30 indicates oversold conditions, while a reading above 70 signals overbought territory.

Technical charts indicate continued weakness, with the stock trading below all 8 out of 8 key simple moving averages (SMAs), suggesting a bearish undertone in the near term.

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Shareholding data for the March 2026 quarter showed a slight reduction in institutional ownership. Foreign Institutional Investors (FIIs) cut their stake marginally from 15.97% to 15.87%, while mutual fund holdings eased from 22.00% to 21.81%. Promoter holding remained unchanged at 46.09%.

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