EARNINGS UPDATE-PI INDUSTRIES 1QFY22
Background: Incorporated in 1947, PI (erstwhile Pesticides India) focuses on agri-input, custom synthesis and polymer compounding with strength of...
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PI Industries: Growth Remains Intact with Foray into Pharma Segment
We value PIIND at 36x (PE its FY24E EPS) given the strong performance on the export and domestic front and wait for more clarity on ramping up of...
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PI Industries: Next Growth Phase to Emanate from Pharma
Gross margins improved 180 bps YoY to ~43.8% while EBITDA margin contracted 80 bps YoY to 20.8%, due to higher employee (up 20% YoY) and other...
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Broadening its horizon with API acquisition
Earning below estimates, but strong show on high base PI Industries (PI)'s operating performance during the quarter was impacted by one-time...
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