PI IndustriesNSE:PIIND +1.44%94 Return-on-Tangible-Equity is 8.00% as of Mar. 2026, which is 59% below its 10-year median of 19.37. GuruFocus rates NSE:PIIND with a GF Score™ of 94/100 and a GF Value™ of ₹3,355.50 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 248 Agriculture companies, PI Industries ranks better than 66.94% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. PI Industries's annualized net income for the quarter that ended in Mar. 2026 was ₹8,008 Mil. PI Industries's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹100,142 Mil. Therefore, PI Industries's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 8.00%.
The historical rank and industry rank for PI Industries's Return-on-Tangible-Equity or its related term are showing as below:
NSE:PIIND'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 13.74 Med: 19.37 Max: 33.36
Current: 13.74
During the past 13 years, PI Industries's highest Return-on-Tangible-Equity was 33.36%. The lowest was 13.74%. And the median was 19.37%.
NSE:PIIND's Return-on-Tangible-Equity is ranked better than 66.94% of 248
companies
in the Agriculture industry
Industry Median: 7.89
vs NSE:PIIND: 13.74
PI Industries (NSE:PIIND) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
PI Industries Return-on-Tangible-Equity Related Terms
PI Industries Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for PI Industries's Return-on-Tangible-Equity 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.
NSE:PIIND vs CTVA, CF, MOS: Return-on-Tangible-Equity Comparison
For the Agricultural Inputs subindustry, PI Industries's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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 Return-on-Tangible-Equity vs Agriculture Industry
For the Agriculture industry and Basic Materials sector, PI Industries's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where PI Industries's Return-on-Tangible-Equity 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.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 8.00% mean?
PI Industries (NSE:PIIND) has a Return-on-Tangible-Equity of 8.00% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on PI Industries and its competitors. This is 59% below median its historical median of 19.37. Over the past decade, PI Industries' Return-on-Tangible-Equity has ranged from 13.74 to 33.36. According to the industry distribution chart, PI Industries ranks #82 out of 248 companies in the Agriculture industry, placing it in the top 33.1%.
Is PI Industries' Return-on-Tangible-Equity too high?
PI Industries' current Return-on-Tangible-Equity of 8.00% is 59% below median its 10-year median of 19.37. Over the past 10 years, this metric has ranged from a low of 13.74 to a high of 33.36. The Agriculture industry median Return-on-Tangible-Equity is 7.89. PI Industries' value of 8.00% is 1.4% above this industry median. Based on the distribution chart, PI Industries ranks #82 out of 248 companies in the Agriculture industry, which is above the industry midpoint. Overall, PI Industries has a GF Score™ of 94/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PI Industries' Return-on-Tangible-Equity compare to CTVA and CF?
According to the Agriculture industry distribution chart, PI Industries ranks #82 out of 248 companies for Return-on-Tangible-Equity. This puts PI Industries in the upper half of its industry. The industry median Return-on-Tangible-Equity is 7.89. PI Industries' value of 8.00% is 1.4% above this benchmark. Historically, PI Industries' own Return-on-Tangible-Equity has ranged from 13.74 to 33.36 over the past decade. While the company's 10-year median is 19.37 vs. the industry median of 7.89, 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 Return-on-Tangible-Equity for an Agriculture company?
The median Return-on-Tangible-Equity among Agriculture companies is 7.89, based on 248 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PI Industries's current Return-on-Tangible-Equity of 8.00% is 1.4% 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 Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on PI Industries and its competitors. For the Agriculture industry, the median Return-on-Tangible-Equity is 7.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PI Industries's current Return-on-Tangible-Equity is 8.00%, which is 59% below median its own 10-year median of 19.37. 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 ₹3,355.50, compared to a current price of ₹2,646.10 — trading 21.1% below its estimated fair value. The current Return-on-Tangible-Equity is 8.00%, which is 59% below median its 10-year median of 19.37 and 1.4% above the Agriculture industry median of 7.89. PI Industries' overall GF Score™ is 94/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For PI Industries (NSE:PIIND), the current Return-on-Tangible-Equity is 8.00% 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 ₹2,646.10 is trading 21.1% below its estimated GF Value™ of ₹3,355.50.
GuruFocus considers PI Industries to be Modestly Undervalued.
Key valuation signals for NSE:PIIND:
Return-on-Tangible-Equity: 8.00% (59% below median its 10-year median of 19.37)
GF Value™: ₹3,355.50 vs. price of ₹2,646.10 (21.1% below fair value)
Industry Position: 1.4% above the Agriculture median (#82 of 248)
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.
94GF Score
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