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    Buy PI Industries Ltd., target price Rs 4200 : Sharekhan by BNP Paribas

    Synopsis

    PI Industries, incorporated in the year 1946, is a Large Cap company (having a market cap of Rs 53910.76 Crore) operating in Pesticides/Agro Chemicals sector.

    ETMarkets.com
    Sharekhan by BNP Paribas has buy call on PI Industries with a target price of Rs 4200. The current market price of PI Industries Ltd. is Rs 3542.05.

    PI Industries, incorporated in the year 1946, is a Large Cap company (having a market cap of Rs 53910.76 Crore) operating in Pesticides/Agro Chemicals sector.

    PI Industries key Products/Revenue Segments include Agri inputs, Export Incentives, Sale of services and Scrap for the year ending 31-Mar-2022.

    Financials
    For the quarter ended 30-09-2022, the company has reported a Consolidated Total Income of Rs 1801.70 Crore, up 14.96 % from last quarter Total Income of Rs 1567.30 Crore and up 30.38 % from last year same quarter Total Income of Rs 1381.90 Crore. Company has reported net profit after tax of Rs 333.60 Crore in latest quarter.

    The company’s top management includes Mr.Shobinder Duggal, Dr.T S Balganesh, Ms.Lisa J Brown, Mrs.Ramni Nirula, Mr.Pravin K Laheri, Mr.Arvind Singhal, Mr.Rajnish Sarna, Ms.Pia Singh, Mr.Mayank Singhal, Mr.Narayan K Seshadri, Mr.Salil Singhal. Company has Price Waterhouse Chartered Accountants LLP as its auditors. As on 30-09-2022, the company has a total of 15 Crore shares outstanding.

    Investment Rationale potential acquisition inthe pharma space would improve long-term earnings growth outlook and makes us constructive on thestock. At CMP, stock trades at 36.2x its FY2024E EPS and 31.7x its FY2025E EPS.

    Promoter/FII Holdings
    Promoters held 46.09 per cent stake in the company as of 30-Sep-2022, while FIIs owned 23.1 per cent, DIIs 26.0 per cent.



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    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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