Time period given by analyst is one year when PI Industries Ltd. price can reach defined target.
PI Industries Ltd., incorporated in the year 1946, is a Large Cap company (having a market cap of Rs 52873.76 Crore) operating in Pesticides/Agro Chemicals sector.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 1221.50 Crore, down -1.60 % from last quarter Total Income of Rs 1241.30 Crore and up 14.34 % from last year same quarter Total Income of Rs 1068.30 Crore. Company reported net profit after tax of Rs 184.00 Crore in latest quarter.
Investment Rationale
PI Industries is a leading player in providing Custom synthesis and manufacturing solutions (CSM) to global agrochemical players. The CSM business accounted for over 70% of the company’s revenues in FY21 and is expected to be the key growth driver for the company in future. The company has been increasing its share of high margin CSM business driven by strong relationships with global agrochemical players. PI is leveraging its chemistry skill sets and is looking to diversify its CSM portfolio to electronic chemicals, Pharma API, fluoro chemicals, etc. which will help drive business. PI Industries has announced that they will be acquiring the API business of Indswift labs for a consideration of Rs. 1,500 crores. Indswift labs had clocked revenues of Rs. 850 crore in FY21 and provides PI with an entry into the API business which will help provide the company with an additional lever to drive growth.
Promoter/FII Holdings
Promoters held 46.7 per cent stake in the company as of June 30, 2021, while FIIs held 19.7 per cent, DIIs 22 per cent and public and others 11.6 per cent.
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