Buy PI Industries, price target Rs 1,510: Jayesh Bhanushali

Jayesh Bhanushali of IIFL has a buy call on PI Industries Ltd. with a target price of Rs 1510.0 . The current price of PI Industries Ltd. is Rs 1474.95 . Jayesh Bhanushali recommended to keep a stoploss at Rs 1440 .

PI Industries Ltd., incorporated in the year 1946, is a Large Cap company (having a market cap of Rs 20370.24 Crore) operating in Pesticides/Agro Chemicals sector.

PI Industries Ltd. key Products/Revenue Segments include Active Ingredients which contributed Rs 1920.50 Crore to Sales Value (67.60 % of Total Sales), Formulations which contributed Rs 903.00 Crore to Sales Value (31.78 % of Total Sales), Others which contributed Rs 17.40 Crore to Sales Value (0.61 % of Total Sales)for the year ending 31-Mar-2019.


For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 907.40 Crore, up 20.33 % from last quarter Sales of Rs 754.10 Crore and up 25.50 % from last year same quarter Sales of Rs 723.00 Crore Company has reported net profit after tax of Rs 123.10 Crore in latest quarter.

The company’s top management includes Dr.Raman Ramachandran, Dr.T S Balganesh, Mr.Arvind Singhal, Mr.Mayank Singhal, Mr.Narayan K Seshadri, Mr.Pravin K Laheri, Mr.Rajnish Sarna, Mr.Salil Singhal, Ms.Ramni Nirula. Company has Price Waterhouse Chartered Accountants LLP as its auditoRs As on 30-09-2019, the company has a total of 138,030,651 shares outstanding.