PI Industries Ltd
PI Industries Ltd is a leading player in the agro-chemicals space having strong presence in both Domestic and Export markets. It has state-of-art facilities in Gujarat having integrated process development teams with in-house engineering capabilities.
Revenue Breakup
Agro Chemicals- 96%
Pharma – 4%
Shareholding Pattern
-PUBLIC GROUP
-PROMOTER GROUP
Financial Summary
| Particulars | Mar 2022 | Mar 2023 | Mar 2024 |
| Sales | 5,300 | 6,492 | 7,666 |
| Sales Growth % | 15.79% | 22.50% | 18.08% |
| Expenses | 4,154 | 4,948 | 5,636 |
| Operating Profit | 1,146 | 1,544 | 2,030 |
| OPM % | 22% | 24% | 26% |
| Net Profit | 844 | 1,230 | 1,682 |
| EPS in Rs | 55.62 | 81.04 | 110.83 |
Synopsis Of Financials
- 18% growth in Q3 compared to the same period last year.
- EBITDA and PAT improvements at 34% and 28% respectively.
- Revenue growth of 18%-20% expected for FY24.
- Cash flows from operating activities increased by 16%.
- Balance sheet strengthened with increased net worth.
- Q2 FY24 saw a 20% increase in revenue, 28% improvement in EBITDA, and 44% growth in PAT.
- Q2 FY24 revenue was Rs. 21,169 million, with export revenues growing by 28% and domestic revenues declining by 2%.
- YTM revenue growth was 22%, driven by solid growth in export revenues and a decline in domestic revenues.
- Cash flow from operating activities increased by 118% due to higher EBITDA and efficient working capital management.
Final Outlook
Stock Market Metrics
As of today PI Industries share price is up by 1.25% basis the previous closing price of Rs 3,574.45. PI Industries share price is Rs 3,641.45. Return Performance of PI Industries Shares:
- 1 Week: PI Industries share price moved up by 5.35%
- 3 Month: PI Industries share price moved down by 21.08%
Key Metrics for PI Industries are:
- PE Ratio of PI Industries is 31.12
- Price/Sales ratio of PI Industries is 7.67
- Price to Book ratio of PI Industries is 6.25
- The CAGR of PI Industries is 13.76.
Strenghts
- The company has shown a good profit growth of 34.55% for the Past 3 years.
- The company has shown a good revenue growth of 17.89% for the Past 3 years.
- Company has been maintaining healthy ROCE of 21.45% over the past 3 years.
- Company is virtually debt free.
- Company has a healthy Interest coverage ratio of 99.75.
- The Company has been maintaining an effective average operating margins of 22.73% in the last 5 years.
- Company’s PEG ratio is 0.67.
- The company has an efficient Cash Conversion Cycle of -1.02 days.
- Company has a healthy liquidity position with current ratio of 3.32.
- The company has a good cash flow management; CFO/PAT stands at 1.12.
I will give Buy Recommendation for this stock
PI-Industries-Ltd
