Free Download Report On PI Industries Limited
Introduction of PI Industries
PI Industries Limited is an agri-sciences company with a dynamic presence in both the domestic and international markets. The company has three manufacturing amenities in Gujarat and a Research & Development center at Udaipur. The manufacturing amenities include 5 multi-purpose plants at Panoli and 3 multi-purpose plants at Jambusar and dedicated high-pressure reaction facilities equipped with innovative is automation. Moreover, the company’s two conceptualization units at Panoli help it fulfill the requirements of local as well as global clientele.
History of PI Industries
PI Industries was incorporated by the name Mewar Oil & General Mills Ltd. In 1946. during the period between 1947-1980 the company set up a marketing network across India installed Agchem technical plant varying into the mining and mineral processing business (later split off into a separate company named Wolkem India Ltd) and started AgChem Formulation and Marketing under VEGFRU brand. The company made its first export of Agchem formulation during the review period. During the period between 1980-2000, the name of the company was changed to PI Industries Ltd. During the review period the company diversified into Polymer Compounding Custom Synthesis & Manufacturing and Energy Metering (later rechristened as Secure Meters Ltd). During the review period, the company established a manufacturing site at Panoli (Gujarat) and installed Phorate technical Plant. It also establish a turnkey Agchem Manufacturing Unit in the Middle East.
Why PI Industries is good for short term holdings?
The company has indicated a good profit growth of 25.17% for the last 3 years.
The company has indicated good revenue growth of 23.37% for the last 3 years.
The company has significantly decreased its debt by 189.90 Cr.
The company has been sustaining a healthy ROCE of 23.12% over the last 3 years.
The company is virtually debt-free.
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Promoters held 43.74 % stake in the company as of December 31st Dec 2021, while FIIs held 24.39 %, DIIs 17.47 % and public and others 11.40 %