NSE: PIIND | BSE: 523642

Expensive Underperformer

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2051.00 -23.90 (-1.15%)

New 52W Low today

307.4K NSE+BSE Volume

NSE 23 Oct, 2026 3:31 PM (IST)

31,117.4

Market Cap

Market Runner Up

Beta 1Year

Low volatility

PI Industries Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for PIIND, BSE:523642 PI Industries Ltd.

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PI Industries Ltd.

13 Aug 2026

2051.00

-1.15%

Recovery Hinges on Demand Normalization and Margin Expansion

Accumulate: PI Industries Ltd.

Target

Deven Choksey

PI Industries is likely to remain in a transition phase through FY27, with the pace of recovery in global agrochemical and CSM demand being the key determinant of earnings momentum.

PI Industries has lost -23.97% in the last 3 Months

PI Industries Ltd.

12 Aug 2026

2051.00

-1.15%

Weak Agchem export volume weighs on performance

Buy: PI Industries Ltd.

Target

Motilal Oswal

PI Industries (PI) reported a weak quarter as revenue declined 10% YoY, primarily due to a 13% YoY dip in the CSM business, attributed to muted global agrochemical demand and continued pricing pressure.

PI Industries has lost -41.85% in the last 1 Year

PI Industries Ltd.

11 Aug 2026

2051.00

-1.15%

Result Preview – Q1FY27

Accumulate: PI Industries Ltd.

Target

Deven Choksey

PI Industries is expected to report Q1 FY27 revenue of INR 18,444 Mn, implying a 3% YoY decline. Export revenues are expected to remain broadly flat to decline in the low single digits amid a subdued global demand environment. The domestic business could face some pressure from the delay in monsoon, which may impact crop-sowing activity and agrochemical demand.

PI Industries has lost -32.91% in the last 6 Months

PI Industries Ltd.

19 Jun 2026

2051.00

-1.15%

PI INDUSTRIES LIMITED

Hold: PI Industries Ltd.

Target

Geojit BNP Paribas

PI Industries Limited manufactures plant protection and specialty plant nutrient products and solutions under its agri-inputs business. It is also a leading custom synthesis and manufacturing (CSM) company in India, providing contract research and contract manufacturing services to global innovators. Consolidated revenue fell 12.4% YoY to Rs. 1,565cr in Q4FY26 amid global agrochemical downcycle and just-in-time buying plus export delivery scheduling and domestic demand faced inventory-led pricing pressure. Agro chemic mal segment revenue decreased 14.2% YoY to Rs. 1,461cr mainly due to weaker agchem export shipments amid a global industry contraction, while domestic revenues softened due to elevated channel inventories. Pharma segment grew 23.3% YoY to Rs. 105cr in Q4FY26, aided by new...

Number of FII/FPI investors decreased from 619 to 612 in Sep 2026 qtr

PI Industries Ltd.

29 May 2026

2051.00

-1.15%

PI Industries Ltd.

Neutral: PI Industries Ltd.

Target

Keynote Capitals Ltd

Quarterly Update Q4FY26

Number of FII/FPI investors decreased from 619 to 612 in Sep 2026 qtr

PI Industries Ltd.

22 May 2026, 12:00AM

2051.00

-1.15%

Navigating Patchy Global Demand Through Internal Capability Building and Platform Investments

Accumulate: PI Industries Ltd.

Target

Deven Choksey

We expect the company to grow its Revenue/EBITDA/PAT at a CAGR of 11.9% / 15.1% / 10.5% for the period of FY26-FY28E. The company is currently trading at 26x FY28E and we value the company at a PE of 28x FY28E EPS, implying a target price of INR 2,976 with the upside of 6.3%.

PI Industries has lost -41.85% in the last 1 Year

PI Industries Ltd.

21 May 2026

2051.00

-1.15%

Result Update:P I Industries

Buy: PI Industries Ltd.

Recommendation Target

Axis Direct

We upgrade our rating to BUY from HOLD on the stock.

Number of FII/FPI investors decreased from 619 to 612 in Sep 2026 qtr

PI Industries Ltd.

13 Feb 2026

2051.00

-1.15%

Lower volume offtake in CSM drags performance

Buy: PI Industries Ltd.

Target

Motilal Oswal

PI Industries (PI) reported a weak quarter as revenue declined 28% YoY, primarily due to a 32% YoY dip in the CSM business, attributable to global slowdown and cautious customer scheduling (volume declined 29% YoY).

PI Industries Ltd. has an average target of 3060.50 from 6 brokers.

PI Industries Ltd.

13 Feb 2026

2051.00

-1.15%

P.I. Industries (PI IN) Q3FY26 Result Update Near-term weakness amid industry headwinds HOLD

Hold: PI Industries Ltd.

Target

Prabhudas Lilladhar

EBITDA margin guidance of 2526% has been maintained for FY26. YoY and 27% QoQ decline. The CSM segment, which contributed ~77% of total demand from customers. This segment is expected to recover from Q4FY26. New products launched in the last 3years showed just 10% YoY growth in 9MFY26 and degrowth in Q3FY26. The domestic agchem branded business also...

PI Industries has lost -41.85% in the last 1 Year

PI Industries Ltd.

25 Nov 2025

2051.00

-1.15%

Topline declined sharply as exports softened, though improved mix supported margin resilience

Hold: PI Industries Ltd.

Target

Deven Choksey

Near-term growth is expected to remain soft as global agrochemical demand recovers gradually and customer destocking extends into the next few quarters.

PI Industries Ltd. has an average target of 3060.50 from 6 brokers.

Is PI Industries Ltd. worth buying?

471 Votes:

Buy 85.99%

Sell 8.49%

Hold 5.52%

RESEARCH REPORTS

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