PI Industries Limited (NSE:PIIND)

PI Industries Stock Forecast

Stock Price Forecast

According to 24 analysts polled by S&P Global, PI Industries stock has a consensus rating of "Hold" and an average price target of ₹3,223. The average 1-year stock price forecast is 20.02% higher than the current stock price, while the lowest is ₹2,280 (-15.09%) and the highest is ₹5,500 (+104.83%).

Price Target: ₹3,223 (+20.02%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	₹2,280	₹3,223	₹3,000	₹5,500
Change	-15.09%	+20.02%	+11.72%	+104.83%

Analyst Ratings

The average analyst rating for PI Industries stock is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Dec '25	Jan '26	Feb '26	Mar '26	Apr '26	May '26
Strong Buy	8	7	5	5	5	5
Buy	2	2	2	2	2	3
Hold	9	10	9	9	8	9
Sell	4	4	4	4	4	3
Strong Sell	3	3	4	4	4	4
Total	26	26	24	24	23	24

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Bhaskar Chakraborty Jefferies	Jefferies	Buy Maintains ₹3,575	Buy	Maintains	₹3,575	+33.14%	May 25, 2026

Financial Forecast

Revenue This Year

74.47B

Increased by 10.92%

from 67.14B

Revenue Next Year

85.74B

Increased by 15.14%

from 74.47B

EPS This Year

87.99

Increased by 7.61%

from 81.77

EPS Next Year

107.14

Increased by 21.76%

from 87.99

Fiscal Year	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Mar 31, 2022	Mar 31, 2023	Mar 31, 2024	Mar 31, 2025	Mar 31, 2026	Mar 31, 2027
Revenue	53.00B	64.92B	76.66B	79.78B	67.14B	74.47B
Revenue Growth	15.78%	22.50%	18.08%	4.07%	-15.85%	10.92%
Gross Profit	23.77B	29.39B	38.28B	42.07B	38.80B	42.11B
Gross Margin	44.85%	45.28%	49.94%	52.73%	57.80%	56.55%
Operating Income	9.44B	13.16B	17.07B	18.27B	12.93B	14.48B
Net Income	8.44B	12.30B	16.82B	16.60B	13.21B	13.45B
EPS	-	-	-	-	81.77	87.99
EPS Growth	-	-	-	-	-25.27%	7.61%
Forward PE	-	-	-	-	-	30.52
Dividend / Share	6.00	10.00	15.00	16.00	15.00	15.59
Dividend Growth	-	66.67%	50.00%	6.67%	-6.25%	3.94%
Free Cash Flow	-81.88M	8.96B	9.07B	2.04B	-7.17B	10.34B
No. Analysts	-	-	-	-	-	20

EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is INR.

Revenue Forecast

Revenue	2027	2028	2029
High	78.6B
Avg	74.5B
Low	71.2B

Revenue Growth

Revenue Growth	2027	2028	2029
High	17.0%
Avg	10.9%
Low	6.1%

EPS Forecast

EPS	2027	2028	2029
High	-
Avg	87.99
Low	-

EPS Growth

EPS Growth	2027	2028	2029
High	-
Avg	7.6%
Low	-

Data Sources: S&P Global Market Intelligence and TipRanks Last updated: May 25, 2026

Price targets, consensus ratings and financial forecasts are provided by S&P Global Market Intelligence. Individual analyst data is provided by TipRanks. Price targets and consensus ratings update every hour to every three days, while individual analyst data updates in near real-time.

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