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This Article is From Mar 26, 2024

PI Industries - Business Model Readied To Go Beyond Agrochemicals; Initiating, With A Buy: Anand Rathi

PI Industries - Business Model Readied To Go Beyond Agrochemicals; Initiating, With A Buy: Anand Rathi
Chemical solutions kept inside a lab. (Source: pexels)
STOCKS IN THIS STORY
PI Industries Ltd.
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NDTV Profit'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 NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Anand Rathi Report

PI Industries Ltd. is one of India's fastest-growing, globally-integrated, highly-innovative agri-science-solutions companies. We believe Indian companies are attractively placed due to lower labour and manufacturing costs, strong research and development backup and good relations with global manufacturers/innovators, which would eventually support growth of domestic contract research and manufacturing services players.

After many one-off events globally, starting with Covid-19 to escalating geopolitical tensions arising from the Russia-Ukraine and Israel-Hamas wars, the need to secure food supplies has become the top priority of every nation.

Consequently, we believe that the structural growth story of the agrochemicals sector is intact, impelled by-

  1. rising domestic demand,

  2. stagnant arable land (rising yields being the only way out),

  3. substantial opportunities to explore products going off-patent in the next decade,

  4. stringent environmental norms in China, offering domestic manufacturers an edge and

  5. strategic tie-ups withglobal giants.

Click on the attachment to read the full report:

Anand Rathi PI Industries initiating Coverage Note.pdf
VIEW DOCUMENT

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