PI IndustriesNSE:PIIND -2.25%93 ROE % is 7.13% as of Mar. 2026, which is 62% below its 10-year median of 18.59. 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 254 Agriculture companies, PI Industries ranks better than 67.72% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. PI Industries's annualized net income for the quarter that ended in Mar. 2026 was ₹8,008 Mil. PI Industries's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ₹112,305 Mil. Therefore, PI Industries's annualized ROE % for the quarter that ended in Mar. 2026 was 7.13%.
The historical rank and industry rank for PI Industries's ROE % or its related term are showing as below:
NSE:PIIND'
s ROE % Range Over the Past 10 Years
Min: 12.3 Med: 18.59 Max: 32.84
Current: 12.3
During the past 13 years, PI Industries's highest ROE % was 32.84%. The lowest was 12.30%. And the median was 18.59%.
NSE:PIIND's ROE % is ranked better than 67.72% of 254
companies
in the Agriculture industry
Industry Median: 6.71
vs NSE:PIIND: 12.30
PI Industries (NSE:PIIND) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % 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 ROE %s can be extremely high.
PI Industries ROE % Related Terms
PI Industries ROE % Historical Data
* Premium members only.
The historical data trend for PI Industries's ROE % 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 ROE %, along with its competitors' market caps and ROE % 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 ROE % vs Agriculture Industry
For the Agriculture industry and Basic Materials sector, PI Industries's ROE % distribution charts can be found below:
* The bar in red indicates where PI Industries's ROE % 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 ROE %, the net income of the last fiscal year and the average total shareholder 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.
ROE % is displayed in the 30-year financial page.
PI Industries (NSE:PIIND) has a ROE % of 7.13% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on PI Industries and its competitors. This is 62% below median its historical median of 18.59. Over the past decade, PI Industries' ROE % has ranged from 12.30 to 32.84. According to the industry distribution chart, PI Industries ranks #82 out of 254 companies in the Agriculture industry, placing it in the top 32.3%.
Is PI Industries' ROE % too high?
PI Industries' current ROE % of 7.13% is 62% below median its 10-year median of 18.59. Over the past 10 years, this metric has ranged from a low of 12.30 to a high of 32.84. The Agriculture industry median ROE % is 6.71. PI Industries' value of 7.13% is 6.3% above this industry median. Based on the distribution chart, PI Industries ranks #82 out of 254 companies in the Agriculture industry, which is above the industry midpoint. 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' ROE % compare to CTVA and CF?
According to the Agriculture industry distribution chart, PI Industries ranks #82 out of 254 companies for ROE %. This puts PI Industries in the upper half of its industry. The industry median ROE % is 6.71. PI Industries' value of 7.13% is 6.3% above this benchmark. Historically, PI Industries' own ROE % has ranged from 12.30 to 32.84 over the past decade. While the company's 10-year median is 18.59 vs. the industry median of 6.71, 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 ROE % for an Agriculture company?
The median ROE % among Agriculture companies is 6.71, based on 254 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PI Industries's current ROE % of 7.13% is 6.3% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on PI Industries and its competitors. For the Agriculture industry, the median ROE % is 6.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PI Industries's current ROE % is 7.13%, which is 62% below median its own 10-year median of 18.59. 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 ROE % is 7.13%, which is 62% below median its 10-year median of 18.59 and 6.3% above the Agriculture industry median of 6.71. 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 ROE % calculated?
ROE % is calculated from a company's financial statements. For PI Industries (NSE:PIIND), the current ROE % is 7.13% 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:
ROE %: 7.13% (62% below median its 10-year median of 18.59)
GF Value™: ₹3,347.58 vs. price of ₹2,684.90 (19.8% below fair value)
Industry Position: 6.3% above the Agriculture median (#82 of 254)
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
Get the complete analysis for NSE:PIIND
ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:PIIND has been successfully added to your 
