Buy PI Industries, target price Rs 3675: JM Financial

JM Financial has buy call on PI Industries with a target price of Rs 3675. The current market price of PI Industries Ltd. is Rs 2871.8.

Time period given by analyst is one year when PI Industries Ltd. price can reach defined target.

PI Industries Ltd., incorporated in the year 1946, is a Large Cap company (having a market cap of Rs 43572.68 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 30-09-2021, the company reported a Consolidated Total Income of Rs 1381.90 Crore, up 13.13 % from last quarter Total Income of Rs 1221.50 Crore and up 16.00 % from last year same quarter Total Income of Rs 1191.30 Crore. Company reported net profit after tax of Rs 230.10 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 46.74 per cent stake in the company as of 30-Sep-2021, while FIIs owned 24.13 per cent, DIIs 17.23 per cent.