PI Industries Limited Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

As you might know, PI Industries Limited (NSE:PIIND) recently reported its first-quarter numbers. It looks to have been a decent result overall - while revenue fell marginally short of analyst estimates at ₹21b, statutory earnings beat expectations by a notable 12%, coming in at ₹29.59 per share. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.

See our latest analysis for PI Industries

Taking into account the latest results, the consensus forecast from PI Industries' 23 analysts is for revenues of ₹87.9b in 2025. This reflects a meaningful 12% improvement in revenue compared to the last 12 months. Statutory earnings per share are expected to dip 5.9% to ₹108 in the same period. In the lead-up to this report, the analysts had been modelling revenues of ₹88.4b and earnings per share (EPS) of ₹108 in 2025. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.

It will come as no surprise then, to learn that the consensus price target is largely unchanged at ₹4,178. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. The most optimistic PI Industries analyst has a price target of ₹5,506 per share, while the most pessimistic values it at ₹2,873. This is a fairly broad spread of estimates, suggesting that analysts are forecasting a wide range of possible outcomes for the business.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the PI Industries' past performance and to peers in the same industry. We can infer from the latest estimates that forecasts expect a continuation of PI Industries'historical trends, as the 17% annualised revenue growth to the end of 2025 is roughly in line with the 19% annual growth over the past five years. Compare this with the broader industry, which analyst estimates (in aggregate) suggest will see revenues grow 12% annually. So it's pretty clear that PI Industries is forecast to grow substantially faster than its industry.

The Bottom Line

The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. Happily, there were no major changes to revenue forecasts, with the business still expected to grow faster than the wider industry. The consensus price target held steady at ₹4,178, with the latest estimates not enough to have an impact on their price targets.

With that said, the long-term trajectory of the company's earnings is a lot more important than next year. At Simply Wall St, we have a full range of analyst estimates for PI Industries going out to 2027, and you can see them free on our platform here..

You still need to take note of risks, for example - PI Industries has 1 warning sign we think you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.