Pitti Engineering Ltd. share price target

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.

We maintain our BUY recommendation on the stock.

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).

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.

We maintain our BUY recommendation on the stock.

We maintain our BUY recommendation on the stock.

We maintain our BUY recommendation on the stock.

We maintain our BUY recommendation on the stock

We recommend a BUY on the stock with a near-term TP of Rs 1,425/Share, implying an upside of 10% from the CMP.

We maintain our BUY rating on the stock with an unchanged TP of Rs 1,572/share, implying an upside of 21% from the CMP. We value the stock at 28x its FY26 EPS.

We maintain our BUY recommendation on the stock.

We maintain our BUY rating on the stock with a revised TP at Rs 1,180/share, implying an upside of 37% from the CMP.

We maintain our BUY rating on the stock with a revised TP at Rs 1,180/share, implying an upside of 37% from the CMP.

We maintain our BUY recommendation on the stock.

We initiate coverage on Pitti Engineering Ltd. (PEL) with a BUY recommendation a Target Price of Rs 915/share, implying an upside of 40% from the current levels.

ICICI Securities Ltd | Retail Equity Research Pitti Engineering (Pitti) reported a robust Q2FY19 performance Total sales volume for the quarter was at 8100 tonne, up 78% YoY. Consequent net sales were at | 173 crore, up 106% YoY. Robust topline growth is a mix of volume, realisation growth (up 16% YoY) Export sales in Q2FY19 came in at a high of | 72 crore vs. | 23 crore in the base quarter i.e. Q2FY18 & | 46 crore in Q1FY19 EBITDA in Q2FY19 was at | 25.9 crore with corresponding EBITDA...