PI Industries Ltd.

Financial

	PI Industries	UPL	Sumitomo Chemical
Operational Metrics
Financials
5 yr Average ROE	16.28 %	9.63 %	19.47 %
5yr average Equity Multiplier	1.54	3.43	1.56
5yr Average Asset Turnover Ratio	0.62	0.56	1.01
5yr Avg Net Profit Margin	17.3 %	4.82 %	12.53 %
Price to Book	6.2	1.86	8.52
P/E	33.73	20.56	49.23
5yr Avg Cash Conversion Cycle	6.11 Days	-37.51 Days	76.24 Days
Inventory Days	71.83 Days	77.31 Days	84.42 Days
Days Receivable	38.9 Days	118.71 Days	94.05 Days
Days Payable	99.98 Days	226.85 Days	112.48 Days
5yr Average Interest Coverage Ratio	41.85	2.41	74.8
5yr Avg ROCE	17.54 %	11.04 %	25.94 %
5yr Avg Operating Profit Margin	23.1 %	18.13 %	17.49 %
5 yr average Debt to Equity	0.06	1.24	0.0
5yr CAGR Net Profit	29.79 %	n/a	12.54 %
5yr Average Return on Assets	10.7 %	2.8 %	12.56 %
Shareholdings
Promoter Holding	46.09 %	33.5 %	75.0 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	-0.65 %	5.05 %	0.0
Change in Mutual Fund Holding (3 Yrs)	2.08 %	3.24 %	4.01 %

Business

	PI Industries	UPL	Sumitomo Chemical
Product Wise Break-Up	Product Wise Break-Up Active Pharmaceutical Ingredient (API) 85.1 Formulations 14.11 BioSolutions 0 Seeds 0 Herbicides 0 Fungicides 0 Insecticides 0 AND & EHD 0 Metal Phosphides 0 PGR 0 Others 0.79	Product Wise Break-Up Active Pharmaceutical Ingredient (API) 0 AND & EHD 0 Insecticides 16.0 BioSolutions 0 Fungicide 25.0 PGR 0 Herbicides 34.0 Seed 5.0 Metal Phosphides 0 Formulations 0 Others 20.0	Product Wise Break-Up Active Pharmaceutical Ingredient (API) 0 AND & EHD 9.0 Insecticides 39.0 BioSolutions 0 Fungicides 10.0 PGR 11.0 Herbicides 23.0 Seeds 0 Metal Phosphides 8.0 Formulations 0
Segment Break-Up	Segment Break-Up Agro Chemicals 95.25 Pharma 4.75 Agro Activity - Seeds business 0 Agro Activity - Crop protection 0 Non Agro Activity 0	Segment Break-Up Agro Activity 9.9 Non Agro Activity 4.37 Agro Chemicals 0 Agro Activity 85.73 Pharma 0	Segment Break-Up Agro Activity - Seeds business 0 Non Agro Activity 0 Agro Chemicals 90.58 Agro Activity - Crop protection 0 Pharma 0 Others 9.42
Location Wise Break-Up	Location Wise Break-Up Rest of the World 81.07 India 18.93 Europe 0 North America 0 Asia Ex India 0 Latin America 0 Australia 0 Africa 0 Japan 0 Asia Ex India & Japan 0 South America 0	Location Wise Break-Up Latin America 53.36 North America 11.39 Australia 0 Japan 0 Africa 0 Asia Ex India 0 South America 0 Europe 7.34 Asia Ex India & Japan 0 Rest of the World 27.91 India 0	Location Wise Break-Up Latin America 0 North America 0 Australia 0 Japan 3.0 Africa 4.0 Asia Ex India 0 South America 8.0 Europe 2.0 Asia 2.0 Rest of the World 0 India 81.0
Operating Profit Break-Up	Operating Profit Break-Up Agro Chemicals 100.0 Agro Activity - Seeds business 0 Agro Activity - Crop protection 0 Non Agro Activity 0	Operating Profit Break-Up Agro Activity 14.22 Agro Activity 83.61 Non Agro Activity 2.17 Agro Chemicals 0	Operating Profit Break-Up Agro Activity - Seeds business 0 Agro Activity - Crop protection 0 Non Agro Activity 0 Agro Chemicals 97.91 Others 2.09
Asset Break-Up - Segment Wise	Asset Break-Up - Segment Wise India 99.99 Europe 0.01 Asia Ex India 0	Asset Break-Up - Segment Wise India 0 Europe 0 Asia Ex India 0 Others 100	-

PI Industries Ltd.

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