P I Industries Limited is a holding company for various group entities involved in the manufacturing and marketing of several types of agricultural chemicals. The company primarily has two product categories: agricultural chemicals (pesticides, fungicides, and insecticides) and specialty products. The company has its headquarters in Udaipur, Rajasthan. The company has been operating since 1946.
On 5 January 2023, the market capitalisation of P I Industries Limited was Rs 50,412.10 crore, and it reported consolidated sales of Rs 1,696 crore at the end of September 2022.
The company is listed on the Bombay Stock Exchange with the code 523642 and the National Stock Exchange with the code PIIND. On 30 September 2022, the company’s shareholding pattern indicated a promoter stake of 46.09%, a 0% stake of foreign institutional investors, and a public stake of 27.9%. The company’s shareholding pattern has remained largely the same over the past year, with the promoters divesting some shares while domestic mutual funds increase their holdings.
The company’s board of directors consists of Salil Singhal, Narayan K Seshadri, Mayank Singhal, Rajnish Sarna, Arvind Singhal, Lisa J Brown, Pravin K Laheri, Ramni Nirula, and T S Balganesh. Price Waterhouse Chartered Accountants LLP are the company’s auditors. On 30 September 2022, the company had a total of 12 crore shares outstanding.
On 5 January 2023, P I Industries’ share prices were Rs 3,322.75 and Rs 3,322.85 on NSE and BSE, respectively. The share price touched a 52-week high of Rs 3,698.45 and a 52-week low of Rs 2,333.55. Its three-month return to investors was 9.2%, while its one-year return was 10.8%.
As of November 2022, Axis Long Term Equity Direct-G had invested Rs 1099 crore in the company, while Kotak Emerging Equity Direct-G and Axis Midcap Direct-G had invested Rs 733.5 and Rs 589.2 crore, respectively.
In the second quarter of FY23, the company reported that it had achieved a 31% revenue growth compared to the same period last year. A large portion of the growth came from exports which increased by 29%. The company’s domestic operations also grew by 36% during the same period.
Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code: 07730), BSE Ltd (Member Code: 103) and Member of Multi Commodity Exchange of India Ltd.(Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Ms. Mamta Shetty, Contact number: 022-40701022, E-mail address: firstname.lastname@example.org. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Such representations are not indicative of future results. The securities quoted are exemplary and are not recommendatory. Investors should consult their financial advisers if in doubt about whether the product is suitable for them. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.