PI IndustriesNSE:PIIND -2.25%93 Interest Coverage is 64.46 as of Mar. 2026, which is 0% above its 10-year median of 64.40. 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. Among 199 Agriculture companies, PI Industries ranks better than 87.44% on this metric.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's
Operating Income
by its Interest Expense. PI Industries's
Operating Income
for the
three
months ended in Mar. 2026 was ₹2,385 Mil. PI Industries's Interest Expense for the
three
months ended in Mar. 2026 was ₹-37 Mil.
PI Industries's interest coverage for the quarter that ended in Mar. 2026 was 64.46.
The higher the ratio, the stronger the company's financial strength is.
Good Sign:
Ben Graham prefers companies' interest coverage to be at least 5. PI Industries Ltd has enough cash to cover all of its debt. Its financial situation is stable.
The historical rank and industry rank for PI Industries's Interest Coverage or its related term are showing as below:
NSE:PIIND'
s Interest Coverage Range Over the Past 10 Years
Min: 30.22 Med: 64.4 Max: 103.57
Current: 80.83
NSE:PIIND's Interest Coverage is ranked better than 87.44% of 199
companies
in the Agriculture industry
Industry Median: 7.18
vs NSE:PIIND: 80.83
PI Industries (NSE:PIIND) Interest Coverage Explanation
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
PI Industries Interest Coverage Related Terms
PI Industries Interest Coverage Historical Data
* Premium members only.
The historical data trend for PI Industries's Interest Coverage 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.
Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
NSE:PIIND vs CTVA, CF: Interest Coverage Comparison
For the Agricultural Inputs subindustry, PI Industries's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
PI Industries Interest Coverage vs Agriculture Industry
For the Agriculture industry and Basic Materials sector, PI Industries's Interest Coverage distribution charts can be found below:
* The bar in red indicates where PI Industries's Interest Coverage falls into.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
* 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 (NSE:PIIND) has a Interest Coverage of 64.46 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on PI Industries and its competitors. This is near median its historical median of 64.40. Over the past decade, PI Industries' Interest Coverage has ranged from 30.22 to 103.57. According to the industry distribution chart, PI Industries ranks #25 out of 199 companies in the Agriculture industry, placing it in the top 12.6%.
Is PI Industries' Interest Coverage too high?
PI Industries' current Interest Coverage of 64.46 is near median its 10-year median of 64.40. Over the past 10 years, this metric has ranged from a low of 30.22 to a high of 103.57. The Agriculture industry median Interest Coverage is 7.18. PI Industries' value of 64.46 is 797.8% above this industry median. Based on the distribution chart, PI Industries ranks #25 out of 199 companies in the Agriculture industry, which is in the top quartile — a strong position relative to peers. 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' Interest Coverage compare to CTVA and CF?
According to the Agriculture industry distribution chart, PI Industries ranks #25 out of 199 companies for Interest Coverage. This places PI Industries in the top 13% of its industry — outperforming the majority of peers. The industry median Interest Coverage is 7.18. PI Industries' value of 64.46 is 797.8% above this benchmark. Historically, PI Industries' own Interest Coverage has ranged from 30.22 to 103.57 over the past decade. While the company's 10-year median is 64.40 vs. the industry median of 7.18, PI Industries has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for an Agriculture company?
The median Interest Coverage among Agriculture companies is 7.18, based on 199 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PI Industries's current Interest Coverage of 64.46 is 797.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on PI Industries and its competitors. For the Agriculture industry, the median Interest Coverage is 7.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PI Industries's current Interest Coverage is 64.46, which is near median its own 10-year median of 64.40. 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 Interest Coverage is 64.46, which is near median its 10-year median of 64.40 and 797.8% above the Agriculture industry median of 7.18. 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 Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For PI Industries (NSE:PIIND), the current Interest Coverage is 64.46 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:
Interest Coverage: 64.46 (near median its 10-year median of 64.40)
GF Value™: ₹3,347.58 vs. price of ₹2,684.90 (19.8% below fair value)
Industry Position: 797.8% above the Agriculture median (#25 of 199)
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 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
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