External broker reports(aggregated public sources), Motilal Oswal Financial Services Limited

Motilal Oswal

Motilal Oswal Financial Services Limited is an Indian diversified financial services firm offering a range of financial products and services. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only.  Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Motilal Oswal Financial Services Limited

Motilal Oswal Financial Services Limited is an Indian diversified financial services firm offering a range of financial products and services. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<div><ul><li>Operating performance better than our estimates - PI Industries (PI)’s consolidated revenue growth was primarily driven by the domestic Crop Protection segment (up 47% YoY) in 4QFY22 with CSM segment rising 11% YoY.</li></ul><div><ul><li>Higher volume as well as value growth drives overall sales growth - <span style="font-size: var(--content-font-size);">PI’s revenue of INR14b (est. INR13.3b) was up 17% YoY in 4QFY22 driven by price increase of ~7% and the balance from volume growth.</span></li></ul><div><ul><li>Highlights from the management interaction - <span style="font-size: var(--content-font-size);">New products: PI aims to commercialize seven new molecules under the CSM business (three non-agrochemical and four agrochemical molecules) and five new products under the domestic business in FY23E. Two new process innovations would be commercialized in FY23E.</span></li></ul></div></div></div><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Operating performance better than our estimates - PI Industries (PI)’s consolidated revenue growth was primarily driven by the domestic Crop Protection segment (up 47% YoY) in 4QFY22 with CSM segment rising 11% YoY.Higher volume as well as value growth drives overall sales growth - PI’s revenue of INR14b (est. INR13.3b) was up 17% YoY in 4QFY22 driven by price increase of ~7% and the balance from volume growth.Highlights from the management interaction - New products: PI aims to commercialize seven new molecules under the CSM business (three non-agrochemical and four agrochemical molecules) and five new products under the domestic business in FY23E. Two new process innovations would be commercialized in FY23E.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

PI Industries - Domestic Business Resilient, Drivers in Place for Future

Pi Industries

PI Industries - Domestic Business Resilient, Drivers in Place for Future