NSE: PITTIENG | BSE: 513519

Strong Performer, Getting Expensive

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1121.20 -8.45 (-0.75%)

New 52W High in past week

88,306 NSE+BSE Volume

NSE 28 Aug, 2026 3:31 PM (IST)

4,221.7

Market Cap

Above industry Median

Beta 1Year

Very High Volatility

Target Upgrade

Axis Dir raises Pitti Engg target to Rs 1,250, citing capacity expansion and higher value-added mix See details

Pitti Engineering Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for PITTIENG, BSE:513519 Pitti Engineering Ltd.

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Pitti Engineering Ltd.

25 Aug 2026

1121.20

-0.75%

Axis Punch:Pitti Engg.

Buy: Pitti Engineering Ltd.

Target

Axis Direct

We value the stock at 20x FY28E EPS and recommend a BUY on the stock with a target price of Rs 1,250/share, implying an upside of 10% from the CMP.

Number of FII/FPI investors increased from 50 to 63 in Jun 2026 qtr.

Pitti Engineering Ltd.

12 Aug 2026

1121.20

-0.75%

Pitti Engineering Ltd. – Building Capacity for the Next Growth Phase

Buy: Pitti Engineering Ltd.

Target

Deven Choksey

We have raised our FY28 EPS estimates by 6% to factor in stronger demand across emerging segments and improving product mix.

Number of FII/FPI investors increased from 50 to 63 in Jun 2026 qtr.

Pitti Engineering Ltd.

06 Aug 2026

1121.20

-0.75%

Pitti Engineering Ltd. – Q1FY27 Preview

Buy: Pitti Engineering Ltd.

Deven Choksey

We expect Pitti Engineering to report revenue of INR 5,116 Mn, registering 12.1% YoY and 2.1% QoQ growth. We estimate combined production volumes of ~2.45 lakh MTPA across laminations, machine components, and castings & machining, assuming capacity utilisation of ~75% in laminations and ~80% in castings & machining.

Pitti Engineering Ltd. is trading above all available SMAs

Pitti Engineering Ltd.

19 May 2026

1121.20

-0.75%

Expansion Plan And Value Added Focus

Buy: Pitti Engineering Ltd.

Target

Deven Choksey

Pitti Engineering is transitioning from a cyclical engineering manufacturer into a structurally higher-margin integrated industrial solutions company, supported by increasing contribution from value-added products such as machine components, integrated assemblies, and complex castings.

Pitti Engineering has gained 23.20% in the last 6 Months

Pitti Engineering Ltd.

19 May 2026

1121.20

-0.75%

Result Update:Pitti Engg.

Buy: Pitti Engineering Ltd.

Axis Direct

We maintain our BUY recommendation on the stock.

Pitti Engineering Ltd. is trading above all available SMAs

Pitti Engineering Ltd.

09 Feb 2026

1121.20

-0.75%

Result Update:Pitti Engg.

Buy: Pitti Engineering Ltd.

Target

Axis Direct

We maintain a BUY rating on the stock.

Pitti Engineering Ltd. has an average target of 1254.00 from 2 brokers.

Pitti Engineering Ltd.

17 Nov 2025

1121.20

-0.75%

Strong Q2 with healthy revenue growth, improving mix, steady margins, and resilient demand outlook

Buy: Pitti Engineering Ltd.

Target

Deven Choksey

Management remains positive on demand visibility across rail traction, data centers, power equipment, and export programs, supported by rising high value-added mix and upcoming capacity additions.

Number of FII/FPI investors increased from 50 to 63 in Jun 2026 qtr.

Pitti Engineering Ltd.

11 Nov 2025

1121.20

-0.75%

Result Update:Pitti Engg.

Buy: Pitti Engineering Ltd.

Target

Axis Direct

We maintain our BUY recommendation on the stock.

Axis Direct increased Buy price target of Pitti Engineering Ltd. to 1250.0 on 25 Aug, 2026.

Pitti Engineering Ltd.

30 Sep 2025

1121.20

-0.75%

Event Update

Buy: Pitti Engineering Ltd.

Deven Choksey

We had visited Pitti’s Engineering’s Aurangabad plant on September 24, 2025,
as part of our periodic interaction with the management. The facility is spread across 26 acres, while the Company has an additional 12 acres of land available for future expansion (within 1 km vicinity).

Pitti Engineering Ltd. has an average target of 1254.00 from 2 brokers.

Pitti Engineering Ltd.

12 Aug 2025

1121.20

-0.75%

Strong long-term outlook on the backdrop of capacity expansion and robust volume growth

Buy: Pitti Engineering Ltd.

Deven Choksey

We have revised our estimates for FY26E/FY27E EPS by - 20.1%/ -10.3%, as we factor in higher depreciation and interest expenses and, lower other income.

Axis Direct increased Buy price target of Pitti Engineering Ltd. to 1250.0 on 25 Aug, 2026.

Is Pitti Engineering Ltd. worth buying?

83 Votes:

Buy 83.13%

Sell 8.43%

Hold 8.43%

RESEARCH REPORTS

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