PI Industries Limited (NSE:PIIND) Yearly Results Just Came Out: Here's What Analysts Are Forecasting For This Year

PI Industries Limited (NSE:PIIND) came out with its yearly results last week, and we wanted to see how the business is performing and what industry forecasters think of the company following this report. PI Industries reported ₹77b in revenue, roughly in line with analyst forecasts, although statutory earnings per share (EPS) of ₹111 beat expectations, being 4.6% higher than what the analysts expected. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on PI Industries after the latest results.

Check out our latest analysis for PI Industries

Taking into account the latest results, the consensus forecast from PI Industries' 24 analysts is for revenues of ₹88.7b in 2025. This reflects a notable 16% improvement in revenue compared to the last 12 months. Statutory earnings per share are expected to reduce 2.4% to ₹108 in the same period. Before this earnings report, the analysts had been forecasting revenues of ₹91.0b and earnings per share (EPS) of ₹118 in 2025. It's pretty clear that pessimism has reared its head after the latest results, leading to a weaker revenue outlook and a minor downgrade to earnings per share estimates.

Despite the cuts to forecast earnings, there was no real change to the ₹4,122 price target, showing that the analysts don't think the changes have a meaningful impact on its intrinsic value. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. The most optimistic PI Industries analyst has a price target of ₹5,500 per share, while the most pessimistic values it at ₹2,870. Note the wide gap in analyst price targets? This implies to us that there is a fairly broad range of possible scenarios for the underlying business.

One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. We would highlight that PI Industries' revenue growth is expected to slow, with the forecast 16% annualised growth rate until the end of 2025 being well below the historical 20% p.a. growth over the last five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 12% annually. Even after the forecast slowdown in growth, it seems obvious that PI Industries is also expected to grow faster than the wider industry.

The Bottom Line

The most important thing to take away is that the analysts downgraded their earnings per share estimates, showing that there has been a clear decline in sentiment following these results. They also downgraded PI Industries' revenue estimates, but industry data suggests that it is expected to grow faster than the wider industry. The consensus price target held steady at ₹4,122, with the latest estimates not enough to have an impact on their price targets.

Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. We have estimates - from multiple PI Industries analysts - going out to 2027, and you can see them free on our platform here.

That said, it's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with PI Industries , and understanding it should be part of your investment process.

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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.