PI Industries Annual Report Analysis – Preparing For The Future: Nirmal Bang

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

PI Industries Ltd.’s FY21 annual report reveals that the agrochem focused company’s future growth hinges on the recently acquired pharma business, the domestic crop protection chemicals formulation business and the horticulture subsidiary Jivagro (carved out of the India-focused business-to-consumer vertical post the Isagro Asia acquisition).

This will be complemented by its core custom synthesis manufacturing vertical, based on increased capacity utilisation from the two new multi-product plants (including the one added in Q2 FY22) as well as Isagro’s manufacturing assets for agri Inputs/CSM.

Overall, PI Industries’ management discussion and analysis is positive on long term growth prospects in domestic crop protection chemical/exports.

Click on the attachment to read the full report:

Nirmal Bang PI Industries-FY21 Annual Report Update-27 August 2021.pdf


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