Please refer to important disclosures at the end of this report
1
PI Industries Limited (PI) is an India-based agrochemical manufacturing and
marketing companies engaged in providing agri-input and custom synthesis. PI
Industries management says it has planned ~3.5-4bn capex for the next two
years. Driven by its branded product-mix, product launches and expanding
capacities at Jambusar which is positive for the company going ahead. P I
Industries has been generating positive cash-flows over the years and has
maintained its growth momentum. With the consistent growth in its pipeline has
resulted in innovative products and high-margin in-licensed products. The
company is virtually debt free and has reported good consistent profit of 35% +
CAGR over the last 5 years. The company has a good return on equity (ROE) o
f
31.19% for last 3 years. Hence Buy.
BUY
CMP `824
Stock Info
Sector
Beta 0.5
Bloomberg Code PI IN
Shareholding Pattern (%)
Promoters 51.7
MF / Banks / Indian Fls 13.0
FII / NRIs / OCBs 21.9
Indian Public / Others 13.4
Abs. (%) 3m 1yr 3yr
Sensex 6.3 8.1 53.2
P I Industries 20.8 15.8 529.9
Nifty 8,810
Reuters Code PIIL.BO
Face Value (`)1
BSE Sensex 28,532
52 Week High / Low 842/496
Avg. Daily Volume 77,970
Agro Chemicals
Market Cap (` cr) 11,297
Vaibhav Agrawal
022 – 3935 7800 Ext: 6808
P I Industries
Others |
A
gro Chemicals
September 6, 2016
P I Industries |
A
gro Chemicals
September 6, 2016
2
Research Team Tel: 022 - 39357800 E-mail: [email protected] Website: www.angelbroking.com
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