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maheshishah
Senior Member
Joined: 07/Nov/2011
Location: India
Online Status: Offline
Posts: 306
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   Posted: 26/Oct/2013 at 8:13pm |
PI Industries receives Certificate of Excellence from Bayer Group of Companies India
On October 15, 2013, Bayer Group of Companies in India has awarded a certificate of excellence to PI Industries Ltd. and declared us as the "Winner - Global Sourcing India". This is a significant achievement for PI and reaffirms our commitment to pursue excellence. This is a recognition of our efforts in achieving high levels of customer satisfaction. This achievement reiterates our leadership position in Custom Synthesis & Manufacturing in India.
PI Industries nominated for Agrow Awards
The Agrow Awards are recognized as a significant achievement amongst the global crop protection industry. PI Industries Ltd. has been nominated under two categories in the Agrow Awards 2013. Under the "Best Supplier" category, PI has been nominated for its Fine Chemicals exports and under the "Best Marketing Campaign" category, PI has been nominated for its marketing campaign for its rice herbicide brand 'Nominee Gold'.
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maheshishah
Senior Member
Joined: 07/Nov/2011
Location: India
Online Status: Offline
Posts: 306
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Posted: 10/Nov/2013 at 10:32am |
PI Industries receives the ‘Best Supplier’ award at Agrow Awards 2013
Nominated for ‘Best Marketing Campaign’ for Nominee Gold
Gurgaon, November 09, 2013: PI Industries Limited (PI), a leading Indian Agri-Input and Custom Synthesis company was bestowed with the ‘Best Supplier’ award for its Fine Chemicals exports at the Agrow Awards 2013 held at Amsterdam, the Netherlands recently.
PI was also nominated under the category of ‘Best Marketing Campaign’ where it shared nominations with BASF Corporation, Arysta LifeScience and Dow AgroSciences amongst others.
The Agrow Awards are recognized as a significant achievement amongst the global crop protection industry and have been instituted since 2008. The recognition provided by Agrow Awards reaffirms PI as a significant player in the global agrochemicals industry. PI enjoys a unique and differentiated positioning in the crop protection space based on its respect for IPR and relationships with global innovators.
In the domestic market the Company enjoys a premium positioning based on its brand building capabilities, robust distribution network, unique delivery mechanism and sharp marketing & communication initiatives.
In the custom synthesis exports, PI focuses on early-stage partnerships with innovators where it acts as ‘the preferred’ supplier. Here, PI has the ability to handle complex chemistries, to synthesize & scale-up the process within short span of time, to ramp up capacities at short notice and to supply high quality product on consistent basis.
Commenting on the development Mr. Mayank Singhal, Managing Director & CEO, PI Industries Ltd., said;
"We are very pleased to receive the ‘Best Supplier’ award in the fine chemicals exports category at the Agrow Awards. This is the recognition of hard efforts put in by our team in achieving high levels of customer satisfaction. With respect for IPR deeply ingrained in its DNA, I feel PI has always stood tall in a highly competitive marketplace for agrochemicals. Thanks to a clear vision early-on and consistent delivery of superior performance in both focus markets of domestic agri-inputs and custom synthesis exports, we have set high expectations for ourselves. With the visibility afforded by the key drivers of businesses I am confident that PI is poised to scale greater heights."
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maheshishah
Senior Member
Joined: 07/Nov/2011
Location: India
Online Status: Offline
Posts: 306
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Posted: 16/Dec/2013 at 2:07pm |
Custom synthesis boost for PI Industries
While most farm inputs stocks are struggling to hold on to their gains, PI Industries stocks doubled in the past one year
PUBLISHED: SUN, DEC 15 2013. 05 03 PM IST
PI Industries Ltd is one of the few outliers in the farm inputs stocks. While most stocks are struggling to hold on to their gains, PI Industries stocks doubled in the past one year. What is driving the stock? In short: strong financial performance and business prospects.
Revenues in the first half of the current fiscal year surged 62%. The growth is led by custom synthesis. Production ramp-up of existing molecules doubled revenues at the segment. The domestic agriculture inputs business registered healthy double-digit growth rates. But with exports increasing at a faster pace, the company also benefited from a weak rupee. Hence, operating profits jumped 84% and profits after tax zoomed 111% toRs.103 crore.
What’s more, the management expects the custom synthesis business to continue to deliver strong performance. Custom synthesis is similar to contract research and manufacturing services undertaken by the pharmaceutical companies. PI Industries focuses on patented molecules and looks for tie-ups in the early stages of product life cycles. From $307 million in June, orders for this increased to $334 million by the end of September.
Encouraged by order inflows, the management increased its revenue guidance for the current fiscal year. Against the earlier growth of 30%, the management expects the revenues in the current financial year to increase by about 40%, broking firm Prabhudas Lilladher Pvt. Ltd said in a note. More than the revenue upgrade, what analysts are enthused about is the opportunity the custom synthesis offers.
According to Edelweiss Securities Ltd PI Industries has 13-14 products that are in the early stage of their life cycles. One product has been commercialized in the first half of the current fiscal year and the company is estimated to commercialize two more in the rest of the year. As the company launches new products and production at the new facility (Jambusar special economic zone in Gujarat) gathers steam, the business is expected to enter strong growth phase over the next couple of quarters.HDFC Securities Ltd expects the segment’s revenues to double in two years.
“Here again the rate of commercialized molecules are increasing and we are witnessing strong and consistent growth. The Jambusar SEZ facility is an additional trigger that will keep supporting growth. We are enthused by the uptake in the first phase and we have initiated the next phase that will be implemented over the coming few quarters,” Mayank Singhal managing director and chief executive officer of PI Industries, said in a statement.
The optimism has driven up the stock and valuations. The stock is now valued at 14 times one-year earnings estimates. While Rallis India Ltd is trading at an estimated price to earnings multiple of 18 times (2014-15), for PI Industries to close the valuation gap, the company needs to continue to deliver strong growth in earnings.
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maheshishah
Senior Member
Joined: 07/Nov/2011
Location: India
Online Status: Offline
Posts: 306
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Posted: 03/Jan/2014 at 12:24pm |
My Q3Fy14 estimate for PI Ind. is provided below :
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( fig. in Rs. cr. ) |
Q3FY14e |
Q3FY13 |
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Revenue
Agri-Inputs
CSM |
374 – 394
132-138
242-256 |
282
110
172 |
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EBITDA |
71.6 – 76.8 |
45.3 |
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PAT |
43.5 – 48.1 |
23.96
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maheshishah
Senior Member
Joined: 07/Nov/2011
Location: India
Online Status: Offline
Posts: 306
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Posted: 05/Jan/2014 at 11:55am |
PI Industries launches new Product Melsa .
PI Industries recently introduced MELSA for Wheat farmers of North India for aiding weed management in Wheat.
MELSA is systemic, post emergence herbicide with superior performance across a broad spectrum of grass weed species. The innovative product belongs to the phenlypyrazolin chemistry and is globally developed for use in cereal crops. MELSA has excellent control of Phalaris minor & Avena spp. and is safe to Wheat crop.
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tyasha
Groupie
Joined: 09/Nov/2011
Location: India
Online Status: Offline
Posts: 59
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Posted: 25/Mar/2014 at 4:20pm |
Edelweiss has now put a buy rating on this stock: Check this link: http://www.moneyguruindia.com/article.php?cid=6819&id=4While on the subject, I had a chance meeting the top management of the company a fortnight back and they seems very bullish on the prospects of the company, particularly the CSM business. The huge land bank at Jambusar in Gujarat will enable further capacity expansions and the early life cycle of the CSMs currently under their belt will enable them to maintain if not improve the CAGR returns , the management felt. Disclaimer:I hold this stock
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Oh if only I had a time machine!
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maheshishah
Senior Member
Joined: 07/Nov/2011
Location: India
Online Status: Offline
Posts: 306
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Posted: 05/Apr/2014 at 2:37pm |
My Q4FY14 & FY14 estimates for PI Ind. :
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( fig. in Rs. cr. ) |
Q4FY14e |
Q4FY13 |
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Revenue
Agri-Inputs
CSM |
398 – 412
126-132
272-280 |
330
105
225 |
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EBITDA |
70.8 – 73.4 |
41.37 |
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PAT |
48.2 – 51.5 |
23.09
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( fig. In Rs. cr. ) |
FY14e |
FY13 |
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Revenue
Agri-Inputs
CSM |
1630 – 1644
669-675
961-969 |
1148
553
595 |
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EBITDA |
304.4 – 307.1 |
180.90 |
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PAT |
186.7 – 190.0 |
100.54
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