Buy PI Industries; target of Rs 2250: Emkay Global Financial

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

Choose Stock Exchange: BSE LIVE NSE LIVE

26 Aug, 2025 12:21

Volume

Todays L/H

More

×

Emkay Global Financial's report on PI Industries

PI’s CSM order book stood at USD1.5bn, implying new order wins at around ~USD108mn (considering ~USD108mn execution in Q2), which is at its lifetime high. Isagro acquisition, highest placement of Nominee Gold and improved volumes for Osheen (driven by Cotton/Rice) led to 33% yoy growth in domestic revenue. Q2 saw minimal Covid-19-related disruption with manufacturing facilities operating at preCovid levels. MPP-5, which was shut due to a fire incident in Jan’20, resumed operations. Management has maintained its 20%+ revenue growth in FY21.

Outlook

We believe that PI’s 188bps improvement in SG&A expenses should reverse partly after Covid-19 as costs related to physical marketing and travel would come back.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Read More