Geojit Financial Services research report on PI Industries
PI Industries manufactures plant protection and specialty plant nutrient products and solutions under its agri-inputs business. It is also a leading custom synthesis and manufacturing (CSM) company in India, providing contract research and contract manufacturing services to global innovators. Standalone revenue increased 8.3% YoY to Rs. 2,131cr in Q2FY25, led by growth in exports. Exports grew 7.8% YoY to Rs. 1,761cr. Agchem exports increased ~10% due to volume growth and ~42% YoY growth in new products.
Outlook
Therefore, we reiterate our BUY rating on the stock, with a revised target price of Rs. 4,480, based on 35x FY26E adjusted EPS.
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.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
