External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

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Equity Bottom-Up

<ul><li>PI Industries Ltd. (PI) delivered a strong performance in FY24, marked by consistent growth in revenue and margins.</li><li>The company reported an 18% increase in revenue from operations and a 37% YoY growth in PAT, despite facing global challenges.</li><li>Agchem exports rose by 19%, primarily driven by higher volumes and the introduction of new products for export, which helped offset a 5% decline in domestic revenue due to a 6% drop in volumes, attributed to delayed and unpredictable monsoon patterns.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

PI Industries Ltd. (PI) delivered a strong performance in FY24, marked by consistent growth in revenue and margins.The company reported an 18% increase in revenue from operations and a 37% YoY growth in PAT, despite facing global challenges.Agchem exports rose by 19%, primarily driven by higher volumes and the introduction of new products for export, which helped offset a 5% decline in domestic revenue due to a 6% drop in volumes, attributed to delayed and unpredictable monsoon patterns.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

PI Industries Ltd. - Another Year of Robust Performance

Index Rebal/Special Situations, Quiddity Advisors

Janaghan Jeyakumar, CFA

Index Rebal/Special Situations

Quiddity Advisors

Pan-Asia Catalysts/Events

Index Rebalance

Dr. Reddy's Laboratories / Index Rebalance

<ul>
<li>NIFTY 50 represents the 50 largest stocks listed in the National Stock Exchange (NSE) of India and the NIFTY Next 50 index tracks the next 50 largest names.</li>
<li>With three more trading days left in the reference period, we are presenting our final  expectations for ADDs and DELs for the September 2024 index rebal event.</li>
<li>We see five changes for the NIFTY 100 index which will also affect the NIFTY Next 50 index. There could also be multiple changes for the NIFTY 50 index.</li>
</ul>


NIFTY 50 represents the 50 largest stocks listed in the National Stock Exchange (NSE) of India and the NIFTY Next 50 index tracks the next 50 largest names.
With three more trading days left in the reference period, we are presenting our final  expectations for ADDs and DELs for the September 2024 index rebal event.
We see five changes for the NIFTY 100 index which will also affect the NIFTY Next 50 index. There could also be multiple changes for the NIFTY 50 index.


Quiddity Leaderboard NIFTY Sep 24: Final Expectations; Trades Perform Positively; New Ideas

<ul><li>The company delivered a 14% growth in Agchem exports, driven by higher volumes and a 24% YoY increase in new products.</li><li>In Q1, the company commercialized two new products and plans to aggressively launch 8-10 new CSM products in FY25.</li><li>Management noted that capacity expansion is on track, with continued momentum in new enquiries and conversions.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

The company delivered a 14% growth in Agchem exports, driven by higher volumes and a 24% YoY increase in new products.In Q1, the company commercialized two new products and plans to aggressively launch 8-10 new CSM products in FY25.Management noted that capacity expansion is on track, with continued momentum in new enquiries and conversions.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

PI Industries Ltd - New Products and CSM Boost Export Growth and Margins

<ul>
<li>NIFTY 50 represents the 50 largest stocks listed in the National Stock Exchange (NSE) of India and the NIFTY Next 50 index tracks the next 50 largest names.</li>
<li>In this insight, we take a look at the names leading the race to become ADDs/DELs during the September 2024 index rebal event.</li>
<li>Since my last insight, we have observed a couple of important changes to candidate rankings and that has resulted in some changes to our index change expectations.</li>
</ul>


NIFTY 50 represents the 50 largest stocks listed in the National Stock Exchange (NSE) of India and the NIFTY Next 50 index tracks the next 50 largest names.
In this insight, we take a look at the names leading the race to become ADDs/DELs during the September 2024 index rebal event.
Since my last insight, we have observed a couple of important changes to candidate rankings and that has resulted in some changes to our index change expectations.


Quiddity Leaderboard NIFTY Sep 24: Multiple Changes Possible for NIFTY 50; Some New Trade Ideas

<ul><li>New Products to drive growth: During the year over 70% of the exports growth came from the new products.</li><li>The management has highlighted that 1/3rd of the new products would be from the Non-Agchem basket with end-user segments such as electronic chemicals, semiconductors, performance chemicals and advance polymers etc.</li><li>Revenue share from new products was ~25% in FY24 and the management expects it to grow to ~30%-35% over the next three years, which will be margin accretive.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

New Products to drive growth: During the year over 70% of the exports growth came from the new products.The management has highlighted that 1/3rd of the new products would be from the Non-Agchem basket with end-user segments such as electronic chemicals, semiconductors, performance chemicals and advance polymers etc.Revenue share from new products was ~25% in FY24 and the management expects it to grow to ~30%-35% over the next three years, which will be margin accretive.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

India

PI Industries Limited manufactures agricultural and fine chemicals, and polymers. The Company produces fine chemicals; crop protection, plant nutrients, and seeds; and engineering plastics for use in the automobile, electrical, and home appliances industries.

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Pi Industries (PI IN)

PI Industries Ltd. - Another Year of Robust Performance

The company reported an 18% increase in revenue from operations and a 37% YoY growth in PAT, despite facing global challenges.

Axis Direct

Quiddity Leaderboard NIFTY Sep 24: Final Expectations; Trades Perform Positively; New Ideas

The official index changes for the NIFTY September 2024 index rebal event will be confirmed after market close on Friday 23rd August 2024. In this...

Janaghan Jeyakumar, CFA

PI Industries Ltd - New Products and CSM Boost Export Growth and Margins

The company delivered a 14% growth in Agchem exports, driven by higher volumes and a 24% YoY increase in new products. In Q1, the company...

Axis Direct

Quiddity Leaderboard NIFTY Sep 24: Multiple Changes Possible for NIFTY 50; Some New Trade Ideas

There are at least four names eligible for NIFTY 50 addition in September 2024. However, the final count ADDs and DELs will be a discretionary...

Janaghan Jeyakumar, CFA

PI Industries Ltd - Strong Outlook...

Revenue share from new products was ~25% in FY24 and the management expects it to grow to ~30%-35% over the next three years, which will be margin...

Axis Direct

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