PI Industries (NSE:PIIND) Construction In Progress: ₹7,550 Mil (As of Mar. 2026)


NSE:PIIND PI Industries Ltd NSE:PIIND
93 GF Score
Price ₹2,684.90
GF Value ₹3,347.58
Valuation Modestly Undervalued
! 2 Warning Signs
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What is PI Industries Construction In Progress?

PI Industries NSE:PIIND -2.25% 93 Construction In Progress is ₹7,550 Mil as of Mar. 2026. GuruFocus rates NSE:PIIND with a GF Score™ of 93/100 and a GF Value™ of ₹3,347.58 (Modestly Undervalued). The stock has 2 warning signs investors should review.

PI Industries's quarterly construction in progress declined from Sep. 2025 (₹6,096 Mil) to Dec. 2025 (₹0 Mil) but then increased from Dec. 2025 (₹0 Mil) to Mar. 2026 (₹7,550 Mil).

PI Industries's annual construction in progress increased from Mar. 2024 (₹2,224 Mil) to Mar. 2025 (₹3,987 Mil) and increased from Mar. 2025 (₹3,987 Mil) to Mar. 2026 (₹7,550 Mil).

PI Industries Construction In Progress Historical Data

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The historical data trend for PI Industries's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

PI Industries Construction In Progress Chart

PI Industries Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 638.00 625.00 2,224.00 3,987.00 7,550.00

PI Industries Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3,987.00 0.00 6,096.00 0.00 7,550.00
NSE:PIIND
93GF Score
PI Industries Ltd NSE:PIIND
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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PI Industries Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of ₹7,550 Mil mean?
PI Industries (NSE:PIIND) has a Construction In Progress of ₹7,550 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on PI Industries and its competitors.
Is PI Industries' Construction In Progress too high?
PI Industries' current Construction In Progress is ₹7,550 Mil. Overall, PI Industries has a GF Score™ of 93/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PI Industries' Construction In Progress compare to CTVA and CF?
PI Industries' Construction In Progress of ₹7,550 Mil can be compared against companies in the Agriculture industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for an Agriculture company?
A good Construction In Progress depends on the Agriculture industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on PI Industries and its competitors. PI Industries's current Construction In Progress is ₹7,550 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PI Industries stock overvalued right now?
Based on GuruFocus' analysis, PI Industries (NSE:PIIND) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹3,347.58, compared to a current price of ₹2,684.90 — trading 19.8% below its estimated fair value. The current Construction In Progress is ₹7,550 Mil. PI Industries' overall GF Score™ is 93/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For PI Industries (NSE:PIIND), the current Construction In Progress is ₹7,550 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is PI Industries (NSE:PIIND) Overvalued in 2026?

Based on GuruFocus' analysis, PI Industries stock appears to be undervalued. The current stock price of ₹2,684.90 is trading 19.8% below its estimated GF Value™ of ₹3,347.58. GuruFocus considers PI Industries to be Modestly Undervalued.

Key valuation signals for NSE:PIIND:

  • Construction In Progress: ₹7,550 Mil
  • GF Value™: ₹3,347.58 vs. price of ₹2,684.90 (19.8% below fair value)
  • GF Score™: 93/100 with 2 warning signs

No single metric tells the full story. See the NSE:PIIND stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

PI Industries Business Description

Other Exchanges 523642:India
Address Sushant Lok, Phase-I, 5th Floor, Vipul Square, B-Block, Gurugram, HR, IND, 122009
PI Industries Ltd manufactures, distributes, and sells agrochemicals, specialty fertilizers, and seeds to the agriculture industry. The firm's agrochemicals portfolio includes insecticides, fungicides, and plant health products. The company competes on price with the manufacture and sale of generic products. PI Industries reports sales across two geographical segments: within India and outside India. The outside India division represents its business division predominantly in Japan, Germany, and China. In India, the firm sells its products through a large network of distributors and retail outlets. The company has one reportable business segment which is Agro Chemicals.
93GF Score

Get the complete analysis for NSE:PIIND

Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹2,684.90
Price
₹3,347.58
GF Value