PI IndustriesNSE:PIIND -2.25%93 Pretax Margin % is 19.20% as of Mar. 2026, which is 11% below its 10-year median of 21.56. 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 250 Agriculture companies, PI Industries ranks better than 92.8% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. PI Industries's Pre-Tax Income for the
three
months ended in Mar. 2026 was ₹3,005 Mil. PI Industries's Revenue for the
three
months ended in Mar. 2026 was ₹15,652 Mil. Therefore, PI Industries's pretax margin for the quarter that ended in Mar. 2026 was 19.20%.
The historical rank and industry rank for PI Industries's Pretax Margin % or its related term are showing as below:
NSE:PIIND'
s Pretax Margin % Range Over the Past 10 Years
Min: 18.56 Med: 21.56 Max: 26.85
Current: 25.26
NSE:PIIND's Pretax Margin % is ranked better than 92.8% of 250
companies
in the Agriculture industry
Industry Median: 6.315
vs NSE:PIIND: 25.26
PI Industries (NSE:PIIND) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
PI Industries Pretax Margin % Related Terms
PI Industries Pretax Margin % Historical Data
* Premium members only.
The historical data trend for PI Industries's Pretax Margin % 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.
For the Agricultural Inputs subindustry, PI Industries's Pretax Margin %, along with its competitors' market caps and Pretax Margin % 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 Pretax Margin % vs Agriculture Industry
For the Agriculture industry and Basic Materials sector, PI Industries's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where PI Industries's Pretax Margin % falls into.
* 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 Pretax Margin % of 19.20% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on PI Industries and its competitors. This is 11% below median its historical median of 21.56. Over the past decade, PI Industries' Pretax Margin % has ranged from 18.56 to 26.85. According to the industry distribution chart, PI Industries ranks #18 out of 250 companies in the Agriculture industry, placing it in the top 7.2%.
Is PI Industries' Pretax Margin % too high?
PI Industries' current Pretax Margin % of 19.20% is 11% below median its 10-year median of 21.56. Over the past 10 years, this metric has ranged from a low of 18.56 to a high of 26.85. The Agriculture industry median Pretax Margin % is 6.32. PI Industries' value of 19.20% is 204% above this industry median. Based on the distribution chart, PI Industries ranks #18 out of 250 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' Pretax Margin % compare to CTVA and CF?
According to the Agriculture industry distribution chart, PI Industries ranks #18 out of 250 companies for Pretax Margin %. This places PI Industries in the top 7% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 6.32. PI Industries' value of 19.20% is 204% above this benchmark. Historically, PI Industries' own Pretax Margin % has ranged from 18.56 to 26.85 over the past decade. While the company's 10-year median is 21.56 vs. the industry median of 6.32, 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 Pretax Margin % for an Agriculture company?
The median Pretax Margin % among Agriculture companies is 6.32, based on 250 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PI Industries's current Pretax Margin % of 19.20% is 204% 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on PI Industries and its competitors. For the Agriculture industry, the median Pretax Margin % is 6.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PI Industries's current Pretax Margin % is 19.20%, which is 11% below median its own 10-year median of 21.56. 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 Pretax Margin % is 19.20%, which is 11% below median its 10-year median of 21.56 and 204% above the Agriculture industry median of 6.32. 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 Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For PI Industries (NSE:PIIND), the current Pretax Margin % is 19.20% 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:
Pretax Margin %: 19.20% (11% below median its 10-year median of 21.56)
GF Value™: ₹3,347.58 vs. price of ₹2,684.90 (19.8% below fair value)
Industry Position: 204% above the Agriculture median (#18 of 250)
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.
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