PI Industries -- Robust Q1FY12 Numbers -- 1000 cr. Revenue likely in FY12
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mahesh
Jul 27, 2011, 5:40:36 AM7/27/11
to Vikas Shah
Starting this new thread on PI Industries [NSE - PIIND ; BSE -
523642]
since in old thread unable to post updates....
Q1Fy12 Reslts announced link is given below :
http://www.bseindia.com/xml-data/corpfiling/AttachHis/PI_Industries_L...
Details pour in from press release ..... link attached below :
http://www.bseindia.com/xml-data/corpfiling/AttachLive/PI_Industries_...
--------------------------------------
Exact figures of each of the segments will be known shortly......
But,
as per initial calculation from the release it seems Agri-Input has
contributed around 125 cr. while rest 80 odd cr. has come from CSM
which is a very positive sign since CSM has to perform satisfactorily
this year and exponentialy grow next year once new plant gets
operational.
80 % growth in agri-input in Q1 again places PI way ahead of all
other
listed players including bigger and smaller ones which will compel
the
markets to give it the valuation at par with Rallis which again has a
sound business model with great visibility..... It seems that the
company must have benefited heavily from Nominne Gold and the new
product that was launched in Soyabean segment as both these crops
have
seen higher acreages this year inspite of uneven rainfall....
80 % growth in CSM segment is not surprising since last fiscal
actually it had a degrowth in same because of delivery issues....
All and all its a robust result since its led by agri-input business
and considering the fact that traditionally Q1 has been the leanest
qrtr. for PI in terms of topline of agri-input segment, its very well
possible that this fiscal PI might surpass Dhanuka and Insecticides
in
terms of revenues of agri-input segment alone.
Rgds.
523642]
since in old thread unable to post updates....
Q1Fy12 Reslts announced link is given below :
http://www.bseindia.com/xml-data/corpfiling/AttachHis/PI_Industries_L...
Details pour in from press release ..... link attached below :
http://www.bseindia.com/xml-data/corpfiling/AttachLive/PI_Industries_...
--------------------------------------
Exact figures of each of the segments will be known shortly......
But,
as per initial calculation from the release it seems Agri-Input has
contributed around 125 cr. while rest 80 odd cr. has come from CSM
which is a very positive sign since CSM has to perform satisfactorily
this year and exponentialy grow next year once new plant gets
operational.
80 % growth in agri-input in Q1 again places PI way ahead of all
other
listed players including bigger and smaller ones which will compel
the
markets to give it the valuation at par with Rallis which again has a
sound business model with great visibility..... It seems that the
company must have benefited heavily from Nominne Gold and the new
product that was launched in Soyabean segment as both these crops
have
seen higher acreages this year inspite of uneven rainfall....
80 % growth in CSM segment is not surprising since last fiscal
actually it had a degrowth in same because of delivery issues....
All and all its a robust result since its led by agri-input business
and considering the fact that traditionally Q1 has been the leanest
qrtr. for PI in terms of topline of agri-input segment, its very well
possible that this fiscal PI might surpass Dhanuka and Insecticides
in
terms of revenues of agri-input segment alone.
Rgds.
mahesh
Jul 27, 2011, 9:13:43 AM7/27/11
to Vikas Shah
Another striking feature of this qrtr. which missed my attention
before is the 46 % reduction in debt levels to 133 cr. which will help
to post even better net margins in remaining qrtrs....
This was the only concern financial fraternity had of high debt of 248
cr. which many analysts and fund managers pointed out in last
concall... now that is reduced in a single qrtr. to 133 cr. which
signals the seriousness of the management to address financial
fraternity concerns and if management continues like this it will
command much higher multiples on the bourses.
Rgds.
before is the 46 % reduction in debt levels to 133 cr. which will help
to post even better net margins in remaining qrtrs....
This was the only concern financial fraternity had of high debt of 248
cr. which many analysts and fund managers pointed out in last
concall... now that is reduced in a single qrtr. to 133 cr. which
signals the seriousness of the management to address financial
fraternity concerns and if management continues like this it will
command much higher multiples on the bourses.
Rgds.
mahesh
Aug 22, 2011, 12:45:01 AM8/22/11
to Vikas Shah
Published on Mon, Aug 22, 2011 at 09:45
PI Industries has target of Rs 750, says Investment Advisor, SP
Tulsian.
Tulsian told CNBC-TV18, "PI Industries is into agrochemical, specialty
chemical, agri inputs like seeds and all that. The performance of this
company has been quite good for FY11. The company has recently gone
for stock split."
He further added, "They have three plants, one in Udaipur, one in
Ankleshwar, and one in Jammu. Recently if you see the Q1 results
though the Q1 results of FY12 includes the sale of some Rs 30 crore
odd gain, which they have done of the polymer compounding business
because that was unrelated to their core business, so they knocked it
off and made a gain of Rs 30 crore on that. But even if I take the net
of tax liability, the company has posted a PAT of close to about Rs 48
crore for first quarter on a lower equity base of Rs 12.5 crore."
"If you see traditionally Q2, Q3 and Q4 are always the best quarter
for the company. Infact Q1 is the lean - least among all the four
quarters for this company and this company has been steadily growing
up their R&D and distribution network, probably these two are the
strength of this company and that is why they have entered into an
R&D. They have set up R&D center in joint collaboration with Sony
Corporation, which has been recently setup and they will be ramping it
up over the next couple of years and they have recently entered into a
distribution agreement with an MNC also for distribution of agro
chemicals."
"So taking all these into consideration I am expecting that company
should be able to post an EPS of close to Rs 42-44 for FY12 on a
recently reduced face value of Rs 5 and I find tremendous value in
this stock because talking the positive view on the agri inputs
company and specifically on this stock if somebody can keep a view of
about one year, they should be able to see a price target of Rs 750."
Rgds.
On Jul 27, 6:13 pm, mahesh <equityanalystinves...@gmail.com> wrote:
> Another striking feature of this qrtr. which missed my attention
> before is the 46 % reduction in debt levels to 133 cr. which will help
> to post even better net margins in remaining qrtrs....
>
> This was the only concern financial fraternity had of high debt of 248
> cr. which many analysts and fund managers pointed out in last
> concall... now that is reduced in a single qrtr. to 133 cr. which
> signals the seriousness of the management to address financial
> fraternity concerns and if management continues like this it will
> command much higher multiples on the bourses.
>
> Rgds.
>
> On Jul 27, 2:40 pm, mahesh <equityanalystinves...@gmail.com> wrote:
>
>
>
> > Starting this new thread onPIIndustries[NSE - PIIND ; BSE -
> > possible that this fiscalPImight surpass Dhanuka and Insecticides
>
> - Show quoted text -
PI Industries has target of Rs 750, says Investment Advisor, SP
Tulsian.
Tulsian told CNBC-TV18, "PI Industries is into agrochemical, specialty
chemical, agri inputs like seeds and all that. The performance of this
company has been quite good for FY11. The company has recently gone
for stock split."
He further added, "They have three plants, one in Udaipur, one in
Ankleshwar, and one in Jammu. Recently if you see the Q1 results
though the Q1 results of FY12 includes the sale of some Rs 30 crore
odd gain, which they have done of the polymer compounding business
because that was unrelated to their core business, so they knocked it
off and made a gain of Rs 30 crore on that. But even if I take the net
of tax liability, the company has posted a PAT of close to about Rs 48
crore for first quarter on a lower equity base of Rs 12.5 crore."
"If you see traditionally Q2, Q3 and Q4 are always the best quarter
for the company. Infact Q1 is the lean - least among all the four
quarters for this company and this company has been steadily growing
up their R&D and distribution network, probably these two are the
strength of this company and that is why they have entered into an
R&D. They have set up R&D center in joint collaboration with Sony
Corporation, which has been recently setup and they will be ramping it
up over the next couple of years and they have recently entered into a
distribution agreement with an MNC also for distribution of agro
chemicals."
"So taking all these into consideration I am expecting that company
should be able to post an EPS of close to Rs 42-44 for FY12 on a
recently reduced face value of Rs 5 and I find tremendous value in
this stock because talking the positive view on the agri inputs
company and specifically on this stock if somebody can keep a view of
about one year, they should be able to see a price target of Rs 750."
Rgds.
On Jul 27, 6:13 pm, mahesh <equityanalystinves...@gmail.com> wrote:
> Another striking feature of this qrtr. which missed my attention
> before is the 46 % reduction in debt levels to 133 cr. which will help
> to post even better net margins in remaining qrtrs....
>
> This was the only concern financial fraternity had of high debt of 248
> cr. which many analysts and fund managers pointed out in last
> concall... now that is reduced in a single qrtr. to 133 cr. which
> signals the seriousness of the management to address financial
> fraternity concerns and if management continues like this it will
> command much higher multiples on the bourses.
>
> Rgds.
>
> On Jul 27, 2:40 pm, mahesh <equityanalystinves...@gmail.com> wrote:
>
>
>
> > 523642]
> > since in old thread unable to post updates....
>
> > Q1Fy12 Reslts announced link is given below :
>
> >http://www.bseindia.com/xml-data/corpfiling/AttachHis/PI_Industries_L...
>
> > Details pour in from press release ..... link attached below :
>
> >http://www.bseindia.com/xml-data/corpfiling/AttachLive/PI_Industries_...
>
> > --------------------------------------
>
> > Exact figures of each of the segments will be known shortly......
> > But,
> > as per initial calculation from the release it seems Agri-Input has
> > contributed around 125 cr. while rest 80 odd cr. has come from CSM
> > which is a very positive sign since CSM has to perform satisfactorily
> > this year and exponentialy grow next year once new plant gets
> > operational.
>
> > 80 % growth in agri-input in Q1 again placesPIway ahead of all
> > since in old thread unable to post updates....
>
> > Q1Fy12 Reslts announced link is given below :
>
> >http://www.bseindia.com/xml-data/corpfiling/AttachHis/PI_Industries_L...
>
> > Details pour in from press release ..... link attached below :
>
> >http://www.bseindia.com/xml-data/corpfiling/AttachLive/PI_Industries_...
>
> > --------------------------------------
>
> > Exact figures of each of the segments will be known shortly......
> > But,
> > as per initial calculation from the release it seems Agri-Input has
> > contributed around 125 cr. while rest 80 odd cr. has come from CSM
> > which is a very positive sign since CSM has to perform satisfactorily
> > this year and exponentialy grow next year once new plant gets
> > operational.
>
> > other
> > listed players including bigger and smaller ones which will compel
> > the
> > markets to give it the valuation at par with Rallis which again has a
> > sound business model with great visibility..... It seems that the
> > company must have benefited heavily from Nominne Gold and the new
> > product that was launched in Soyabean segment as both these crops
> > have
> > seen higher acreages this year inspite of uneven rainfall....
>
> > 80 % growth in CSM segment is not surprising since last fiscal
> > actually it had a degrowth in same because of delivery issues....
>
> > All and all its a robust result since its led by agri-input business
> > and considering the fact that traditionally Q1 has been the leanest
> > qrtr. forPIin terms of topline of agri-input segment, its very well
> > listed players including bigger and smaller ones which will compel
> > the
> > markets to give it the valuation at par with Rallis which again has a
> > sound business model with great visibility..... It seems that the
> > company must have benefited heavily from Nominne Gold and the new
> > product that was launched in Soyabean segment as both these crops
> > have
> > seen higher acreages this year inspite of uneven rainfall....
>
> > 80 % growth in CSM segment is not surprising since last fiscal
> > actually it had a degrowth in same because of delivery issues....
>
> > All and all its a robust result since its led by agri-input business
> > and considering the fact that traditionally Q1 has been the leanest
> > possible that this fiscalPImight surpass Dhanuka and Insecticides
> > in
> > terms of revenues of agri-input segment alone.
>
> > Rgds.- Hide quoted text -
> > terms of revenues of agri-input segment alone.
>
>
> - Show quoted text -
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