Getty Images has buy call on PI Industries. The current market price of PI Industries Ltd. is Rs 2614.4 .
., incorporated in the year 1946, is a Large Cap company (having a market cap of Rs 38920.25 Crore) operating in Pesticides/Agro Chemicals sector.
PI Industries Ltd. key Products/Revenue Segments include Agri inputs, Export Incentives, Sale of services and Scrap for the year ending 31-Mar-2021.
Financials
For the quarter ended 31-12-2021, the company has reported a Consolidated Total Income of Rs 1382.30 Crore, up .03 % from last quarter Total Income of Rs 1381.90 Crore and up 15.10 % from last year same quarter Total Income of Rs 1201.00 Crore. Company has reported net profit after tax of Rs 222.30 Crore in latest quarter.
Investment Rationale
Revenue rose 17% YoY to INR14b (est. INR13.3b) in 4QFY22. Exports (CSM business) grew 11% YoY to INR11.1 b and the domestic business grew 47% YoY to INR2.8b in 4QFY22.
Revenue growth of 17% was driven by a price increase of ~7% and the balance was from volume growth.
EBITDA stood at INR3.1b (est. INR2.8b), up 34% YoY.
EBITDA margin expanded by 290bp YoY to 21.9% (est. 21%). Gross margin grew200bp YoY to 44.1%. Other expenses remained flat YoY at 14% of sales.
The trend of rising input costs continued, with cost pass-through undertaken inCSM exports and in the domestic market in 3Q and 4QFY22.
Promoter/FII Holdings
Promoters held 46.74 per cent stake in the company as of 31-Mar-2022, while FIIs owned 23.1 per cent, DIIs 18.66 per cent.
., incorporated in the year 1946, is a Large Cap company (having a market cap of Rs 38920.25 Crore) operating in Pesticides/Agro Chemicals sector.
PI Industries Ltd. key Products/Revenue Segments include Agri inputs, Export Incentives, Sale of services and Scrap for the year ending 31-Mar-2021.
Financials
For the quarter ended 31-12-2021, the company has reported a Consolidated Total Income of Rs 1382.30 Crore, up .03 % from last quarter Total Income of Rs 1381.90 Crore and up 15.10 % from last year same quarter Total Income of Rs 1201.00 Crore. Company has reported net profit after tax of Rs 222.30 Crore in latest quarter.
Investment Rationale
Revenue rose 17% YoY to INR14b (est. INR13.3b) in 4QFY22. Exports (CSM business) grew 11% YoY to INR11.1 b and the domestic business grew 47% YoY to INR2.8b in 4QFY22.
Revenue growth of 17% was driven by a price increase of ~7% and the balance was from volume growth.
EBITDA stood at INR3.1b (est. INR2.8b), up 34% YoY.
EBITDA margin expanded by 290bp YoY to 21.9% (est. 21%). Gross margin grew200bp YoY to 44.1%. Other expenses remained flat YoY at 14% of sales.
The trend of rising input costs continued, with cost pass-through undertaken inCSM exports and in the domestic market in 3Q and 4QFY22.
Promoter/FII Holdings
Promoters held 46.74 per cent stake in the company as of 31-Mar-2022, while FIIs owned 23.1 per cent, DIIs 18.66 per cent.
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