Thanks Amey Naresh and caetano to take interest in my query.
I know little about individual/collective indicator, please correct me if I am wrong but, as per my understanding this indicator is used when a raw material is common in two semi finished products and these semi finished products makes one finished product.
E.g. If raw material X used in sub assemblies B & C which produces finished product A.
If I set ind/coll. indicator for material X and plan the material A, I would get single PR for X after MRP run.
Here, my scenario contains two finished products Y and Z and raw material X is used in both products. If I run the MRP for any finished product a common material X should be planned and that is my requirement.
regards
Akshay