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 Aug 18, 12:10 pm, mahesh <[email protected]> wrote: > Sequoia Capital (via its arm Ironwood) acquires almost 2.5 % stake > inPIIndustriesat Rs. 528-530 (pre split - Rs. 1056-1060) by spending > almost 32 cr... > > An entry of a strong VC fund like Sequoia which has a glorious track > record of picking right companies and attaining mulifold returns on > its investments augurs very well forPIas a company as also its > shareholders and to enter at this rate (Rs. 528 post split) signifies > the gross undervaluation ofPIvis-a-vis its prospect...... > > To reiterate, many positive developments seem round the corner forPI > and FY12 seems to be a blockbuster year forPIas > expected........Markets have now gradually started realising the > potential of derisked business model ofPIand once Rowanhill's entire > stake gets absorbed (3.5-4 % must be remaining) and the apetite > doesen't subside, there should be me-first attitude which should > reratePIto a significant level and make the current rate a > history..... > > Rgds. > > On Jul 27, 6:28 pm, mahesh <[email protected]> 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, 1:03 pm, mahesh <[email protected]> wrote: > > > > Starting this new thread onPIIndustries[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 placesPIway 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. forPIin terms of topline of agri-input segment, its very well > > > possible that this fiscalPImight surpass Dhanuka and Insecticides in > > > terms of revenues of agri-input segment alone. > > > > Rgds.- Hide quoted text - > > > - Show quoted text -- Hide quoted text - > > - Show quoted text - -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected]. 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