NSE:ZFCVINDIA Stock Forecast

Stock Price Forecast

According to 4 analysts polled by S&P Global, NSE:ZFCVINDIA stock has a consensus rating of "Strong Buy" and an average price target of ₹18,207. The average 1-year stock price forecast is 15.27% higher than the current stock price, while the lowest is ₹17,000 (+7.63%) and the highest is ₹19,714 (+24.81%).

Price Target: ₹18,207 (+15.27%)

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	₹17,000	₹18,207	₹18,058	₹19,714
Change	+7.63%	+15.27%	+14.32%	+24.81%

* Price targets were last updated on Feb 24, 2026.

Analyst Ratings

The average analyst rating for NSE:ZFCVINDIA stock is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Rating	Dec '25	Jan '26	Feb '26	Mar '26	Apr '26	May '26
Strong Buy	3	3	3	3	4	4
Buy	2	2	2	2	0	0
Hold	0	0	0	0	0	0
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	5	5	5	5	4	4

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Unknown Analyst ICICI Securities No rating	ICICI Securities	Buy Maintains ₹19,000	Buy	Maintains	₹19,000	+20.29%	Feb 24, 2026

Financial Forecast

Revenue This Year

46.56B

from 41.19B

13.03%

from 41.19B

Revenue Next Year

59.10B

from 46.56B

26.94%

from 46.56B

EPS This Year

311.70

from 271.31

14.89%

from 271.31

EPS Next Year

406.98

from 311.70

30.57%

from 311.70

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	25.43B	34.44B	38.16B	38.31B	41.19B	46.56B
Revenue Growth	36.48%	35.42%	10.78%	0.40%	7.52%	13.03%
Gross Profit	8.85B	12.33B	14.53B	15.90B	17.49B	19.15B
Gross Margin	34.81%	35.80%	38.07%	41.50%	42.47%	41.13%
Operating Income	1.64B	3.66B	4.57B	5.07B	5.23B	5.97B
Net Income	1.42B	3.18B	4.06B	4.61B	5.17B	5.91B
EPS	-	-	-	-	271.31	311.70
EPS Growth	-	-	-	-	12.20%	14.89%
Forward PE	-	-	-	-	-	50.67
Dividend / Share	12.00	13.00	17.00	19.00	4.00	23.70
Dividend Growth	-	8.33%	30.77%	11.76%	-78.95%	492.50%
Free Cash Flow	169.25M	1.59B	-137.30M	582.63M	5.64B	3.16B
No. Analysts	-	-	-	-	-	4

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

Revenue Forecast

Revenue	2027	2028	2029
High	47.9B
Avg	46.6B
Low	44.9B

Revenue Growth

Revenue Growth	2027	2028	2029
High	16.2%
Avg	13.0%
Low	9.0%

EPS Forecast

EPS	2027	2028	2029
High	-
Avg	311.70
Low	-

EPS Growth

EPS Growth	2027	2028	2029
High	-
Avg	14.9%
Low	-