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.
Motilal Oswal Report
PI Industries Ltd. continues to deliver modest growth amidst challenging business environment. Although demand is likely to be better for domestic crop protection and pharma business in H2, overall global industry challenges have tapered down the nearterm growth outlook for the company.
However, we still believe that PI has enough levers in place to deliver healthy growth in medium to long term, led by:
consistent growth momentum in the custom synthesis manufaturing business, driven by the rising pace of commercialisation of new molecules and a sale ramp-up in existing molecules;
product launches in the domestic market (six to seven new launches in FY25); and
ramping up of the pharma API and CDMO segments.
We expect a CAGR of 13%/16%/11% in revenue/Ebitda/adjusted profit after tax over FY24-27.
We reiterate Buy with a target price of Rs 5,200 (35 times on Dec-26 earnings per share).
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
