PI Industries - Superior Business Model

Stock Opportunities Not-so-Hidden Gems
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There was a very good interview on agropages recently, I am capturing the summary below

02.11.2023 Agropages

  • Competitive advantage lies in technological edge

    • Recently operationalized “Flow chemistry” and “Azide chemistry” at commercial scale

    • Developed facility for high pressure oxidation involving toxic fluorinated compound and vapor phase fluorination synthesis

  • 15 MPPs

  • R&D

    • Early-stage patented molecules, complex chemistries

    • FY23 R&D: 186 cr. (3% of sales)

    • Only integrated single-site centre encompassing chemical synthesis to biological evaluation to process development to scale-up

    • 800+ employees including 500+ scientists, 185+ PhDs

    • 50+ projects encompassing agrochemistry, electronic chemicals, and product lifecycle management

  • Non-agchem products: electronic chemicals, imaging chemicals, specialty chemicals

  • Making manufacturing sites zero discharge

  • Introduced a captive solar power project of capacity 637 KWp

  • Growth driven by exports underpinned by presence in knowledge space and not generics and commodities

  • Prominent brands: NOMINEE GOLD, AWKIRA, ROKET, OSHEEN, DINOACE, BIOVITA, KEEFUN, and HUMESOL

  • Reach: 3+ mn farmers in India

Disclosure: Invested (position size here, no transactions in last-30 days)

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