PI Industries shares crash over 17 percent, a major blow to investors

While several stocks witnessed a bullish trend in the Indian stock market on Thursday, shares of agrochemical major PI Industries saw a sharp decline. According to reports from Business Standard and Aaj Tak, investor sentiment turned negative as the company's second-quarter (Q2 FY27) results were significantly weaker than expected, resulting in a crash of over 17 percent in the share price.

According to the Aaj Tak report, PI Industries shares fell 16.28 percent during trading on Thursday to reach the level of ₹1,830.90, which is the company's 52-week low. During the day, the stock plunged as much as 17.15 percent to trade at ₹1,812. According to the Business Standard report, the share price hit ₹1,859.25, marking its lowest level in 6 years. Since the beginning of this year (YTD), the stock has recorded a massive decline of 43.71 percent.

The company announced its financial results after market hours on Wednesday. Looking at the figures, the company's consolidated net profit has seen a sharp year-on-year (YoY) decline of 70 percent, falling to ₹122.2 crore from ₹409.3 crore in the same period last year. The company's revenue also declined by 9 percent, dropping from ₹1,872.3 crore to ₹1,701.8 crore.

The company's performance on the operational front also remained weak. Earnings before interest, tax, depreciation, and amortization (EBITDA) fell 57 percent year-on-year to ₹236.2 crore, compared to ₹543.4 crore earlier. The company's EBITDA margin also dropped from 29 percent to 14 percent. Additionally, the gross margin was recorded at 49 percent, and a 18 percent decline was observed in agrochemical exports.

A massive surge was also seen in the trading volume of the shares. On the BSE, 3.17 lakh shares were traded, which is significantly higher than the company's two-week average volume of 67,000 shares. During this trading, the company's turnover stood at ₹59.86 crore, and the market capitalization was recorded at ₹28,302.26 crore. As of September 2026, the promoter holding in the company was 46.09 percent.

Looking at the long-term performance of PI Industries shares, the stock has declined by 18.38 percent in the last month. The stock has recorded a decline of 40 percent in the last six months and over 50 percent in the last year. This means that the value of the share has almost halved in the last year. Experts advise investors to seek the help of their financial advisors before purchasing any stock.

The company's shares have remained a center of attraction for investors in the stock market for a long time, although the current financial results have had a serious impact on its market value.