Buy PI Industries, target price Rs 4280: Motilal Oswal
PI Industries with a target price of Rs 4280. The current market price of PI Industries is Rs 3637.35.
PI Industries Ltd., incorporated in the year 1946, is a Large Cap company (having a market cap of Rs 55521.25 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-2023.
Financials For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 1798.90 Crore, down -7.92 % from last quarter Total Income of Rs 1953.60 Crore and up 11.38 % from last year same quarter Total Income of Rs 1615.10 Crore. Company reported net profit after tax of Rs 367.10 Crore in latest quarter.
Promoter/FII Holdings Promoters held 46.09 per cent stake in the company as of 31-Mar-2024, while FIIs owned 20.26 per cent, DIIs 24.18 per cent.
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