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PI Industries' management has provided guidance for overall revenue growth of over15 percent for FY25.
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CSM or Custom Synthesis Manufacturing business saw healthy exports this quarter and the management sees limited impact on its CSM exports from the ongoing agrochemical destocking.
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PI’s superior execution with a solid business model accompanied with surplus cash and backward integration strategies makes it a perfect stock to be bought on declines
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Margins of specialty chemicals companies will see pressure on a year-on-year basis given the more than 36% jump in crude oil in the March quarter.
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Net Sales are expected to increase by 16.1 percent Y-o-Y (up 2.4 percent Q-o-Q) to Rs. 1,389.3 crore, according to ICICI Direct.
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Net Sales are expected to increase by 8.4 percent Y-o-Y (down 7 percent Q-o-Q) to Rs 1,260 crore, according to Sharekhan.
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Net Sales are expected to increase by 10.9 percent Y-o-Y (down 4.8 percent Q-o-Q) to Rs. 1,289 crore, according to ICICI Direct.
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Net Sales are expected to increase by 10.9 percent Y-o-Y (down 4.8 percent Q-o-Q) to Rs. 1,289 crore, according to ICICI Direct.
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Net Sales are expected to increase by 16.5 percent Y-o-Y (up 13 percent Q-o-Q) to Rs 1,348.4 crore, according to ICICI Direct.
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Although overall earnings growth is expected to be strong, analysts expect it to be driven by a handful of sectors.
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Net Sales are expected to increase by 24.8 percent Y-o-Y (up 10.5 percent Q-o-Q) to Rs. 1,323.1 crore, according to ICICI Direct.
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Net Sales are expected to increase by 34.1 percent Y-o-Y (down 1.3 percent Q-o-Q) to Rs. 1,147 crore, according to Sharekhan.
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Net Sales are expected to increase by 31 percent Y-o-Y (down 3.8 percent Q-o-Q) to Rs. 1,113.2 crore, according to ICICI Direct
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Net Sales are expected to increase by 16.6 percent Y-o-Y (up 11.8 percent Q-o-Q) to Rs. 843 crore, according to Emkay.
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Net Sales are expected to increase by 18 percent Y-o-Y (up 13.1 percent Q-o-Q) to Rs. 853.1 crore, according to Kotak.
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Net Sales are expected to increase by 25.3 percent Y-o-Y (up 10.7 percent Q-o-Q) to Rs. 783.2 crore, according to Kotak.
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Of the agrochemical stocks, we find PI Industries and Insecticides India on track for growth and would recommend to keep these on radar and accumulate for long term portfolio in a staggered manner.
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Net Sales are expected to increase by 19.5 percent Y-o-Y (down 11.1 percent Q-o-Q) to Rs. 642.8 crore, according to Prabhudas Lilladher.
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A spurt in raw material costs due to strained supply from China continued to impact the margins.
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With a strong order book line-up and removal of current hiccups, we see the stock as an attractive pick
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PIND is a quality stock in the agro chemical space. At current prices, it is worth looking at from a long-term perspective.
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Net Sales are expected to increase by 10.3 percent Y-o-Y (up 24.2 percent Q-o-Q) to Rs. 668 crore, according to HDFC Securities.
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Brokerages expect a positive FY19 for agrochemical sector on the back of government's intent to double farm incomes and a normal monsoon
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PI Industries has posted a muted set of earnings in Q3. The management though expects a revival in demand from the second half of FY19. In an interview to CNBC-TV8, Mayank Singhal, MD & CEO of the company gave more details on the guidance.
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With continued commercialization of new products, strong orderbook line up, global agrochemical recovery, clearing up of inventory channels and a conducive domestic agri environment, we expect growth to pick up at PI in FY19
