Case study

PIIND

Pi Industries Limited

Mixed signals1y model +10.3%

Each stock's 10,000-path forecast, rendered as light.

47Score

Pi Industries Limited (PIIND) Stock Analysis & Case Study

Is PIIND a good buy? The data-driven verdict.

Pi Industries Limited (PIIND) trades at ₹2,796,on the numbers it mixed signals, a Downstox Snapshot Score of 47/100.

On the numbers, Pi Industries Limited (PIIND) mixed signals, a Downstox Snapshot Score of 47/100, weighing premium at 35.2× earnings, ROE of 11.2%, a 65% model probability of trading higher in a year. Below: the full bull case, bear case, sector-relative valuation, and a probability-weighted price target for 2027-2031.

Last updated . Data snapshot for research, not investment advice.

PIIND fundamentals at a glance, PE, PB, ROE, ROCE, market cap, dividend yield

Market cap
₹42,345 Cr
Current price
₹2,796
P/E ratio
35.2×
P/B ratio
3.78×
Book value
₹740
Dividend yield
0.54%
ROCE
15.0%
ROE
11.2%
Piotroski F-Score
5/8

How PIIND ranks against the 2,373 companies in our screener

Is PIIND overvalued? PIIND P/E vs peers

PIIND trades at 35.2× earnings. We don't have a verified sector peer group for this stock yet, so no sector peer median or peer comparison table is shown here. Showing one anyway would compare it against an arbitrary set of large-cap names, not real sector peers.

PIIND share price target 2027, 2028, 2029, 2030, 2031, a probability view

Unlike a single guessed number, this is a probability-weighted range from a 10,000-path Monte-Carlo simulation on 9.8y of PIIND history (13%/yr drift, 26%/yr volatility).

YearLow (P10)Median target (P50)High (P90)Upside vs today
PIIND 2027₹2,175₹3,060₹4,305+10%
PIIND 2028₹2,100₹3,374₹5,420+22%
PIIND 2029₹2,082₹3,721₹6,652+34%
PIIND 2030₹2,073₹4,104₹8,125+48%
PIIND 2031₹2,101₹4,525₹9,747+63%

Median (P50) is the central estimate; the P10-P90 band is the 80% confidence range. Probabilities, not promises.

What is the probability PIIND goes up, or doubles?

65%
Higher in 1 year
Modelled chance the price is above today in 12 months
80%
Higher in 5 years
Modelled chance the price is above today in 5 years
36%
Doubles in 5 years
Modelled chance of reaching ₹5,549 within 5 years

The bull case for PIIND

  • A 10,000-path probability model puts a 65% chance the price is higher in a year, with a median target of ₹3,060 (+10%).
  • Upside scenario: the model's optimistic (P90) 3-year path reaches ₹6,652.

The bear case & risks

  • PIIND's P/E of 35.0x is lower than 39% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
  • PIIND's return on equity of 11.2% ranks in the 56th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
  • Downside scenario: the model's pessimistic (P10) 3-year path falls to ₹2,082.

PIIND volatility & expected range, how bumpy is the ride?

Over the last 9.8 years PIIND compounded at 13%/year with annualized volatility of 26%. That volatility implies a 1-year 80% range of ₹2,175-₹4,305, the honest backbone behind any single price target.

PIIND price forecast, the full 60-month probability fan

Spot Price · Today
₹0
Based on 9.8 years of daily NSE data ·0.0% annualised volatility
5-yr median forecast
₹0
P(price ↑ in 5y)
0%
1-Year Forecast
2027
₹0
Median (P50)
10.3%
80% range₹2,175-₹4,305
P(price ↑)65%
P(price 2×)1%
3-Year Forecast
2029
₹0
Median (P50)
34.1%
80% range₹2,082-₹6,652
P(price ↑)74%
P(price 2×)19%
5-Year Forecast
2031
₹0
Median (P50)
63.1%
80% range₹2,101-₹9,747
P(price ↑)80%
P(price 2×)36%

PIIND price probability fan

Each band shows where 10,000 simulated paths land. The wider the fan, the more uncertainty.

Probability Fan
PIIND simulated paths · 60 months · 10,000 trials
P10-P90 (80%)P25-P75 (50%)Median (P50)

Probability of key outcomes

What are the odds PIIND hits common targets within the simulated horizon?

0%
P(↑ 1Y)
Above today's price in 1 year
0%
P(↑ 5Y)
Above today's price in 5 years
0%
P(2×)
Doubles within 5 years
0%
P(↓)
Falls below today in 5 years

Full multi-horizon detail on the PIIND price target & forecast page.

PIIND Piotroski F-Score: 5/8, how financially strong is it?

5/8

The Piotroski F-Score grades financial strength on profitability, leverage and efficiency checks. Downstox scores the eight checks it can verify from published filings, so 8 is full marks. PIIND scores 5/8, mixed financial health.

PIIND MTF margin & leverage across 10 brokers

Margin Trading Facility lets you buy PIIND with part of the capital. Lower margin % = higher leverage. Rates compared across 10 brokers (no competitor publishes this):

BrokerMargin requiredApprox. leverage
Upstox25.01%4.0×
Zerodha24.30%4.1×
Groww24.35%4.1×
Dhan23.00%4.3×
Kotak NeoCHEAPEST21.51%4.6×
Paytm Money21.65%4.6×
Pocketful28.80%3.5×
Anand Rathi28.48%3.5×
Bajaj Broking23.00%4.3×
Share India28.59%3.5×

Compare every broker on the PIIND MTF page.

About Pi Industries Limited: sector, index & market-cap context

Pi Industries Limited (PIIND) is a mid-cap NSE-listed company, and a constituent of the Nifty 500 index, with a market capitalisation of ₹42,345 Cr. See more stocks on our screener.

How the PIIND Snapshot Score & forecast are built

The Downstox Snapshot Score is a transparent, rules-based read of Pi Industries Limited's public fundamentals plus a statistical forecast, not an analyst opinion. It rewards low-to-fair valuation, high ROE/ROCE, a strong Piotroski F-Score, a dividend, low volatility and a favourable probability of upside; it penalises rich valuations, weak capital efficiency, a low F-Score and high volatility. The price target is a 10,000-path Monte-Carlo simulation on real historical volatility, a distribution, not a single guess. The bull and bear cases are generated from the same data, so you always see both sides.

This is information, not investment advice. Do your own due diligence and consult a SEBI-registered adviser before investing.

PIIND analysis, FAQs

Is Pi Industries Limited (PIIND) a good buy?

On the numbers, Pi Industries Limited (PIIND) mixed signals, a Downstox Snapshot Score of 47/100, weighing premium at 35.2× earnings, ROE of 11.2%, a 65% model probability of trading higher in a year. This is a data snapshot for research, not investment advice.

Is PIIND overvalued or undervalued?

PIIND trades at 35.2× earnings, premium versus the ~22× long-run Nifty average.

What is the PIIND share price target for 2031?

PIIND's probability-weighted 2031 median target is ₹4,525, with an 80% range of ₹2,101-₹9,747 (10,000-path Monte-Carlo).

What is the probability PIIND doubles in 5 years?

The modelled probability of PIIND reaching ₹5,549 (2×) within 5 years is 36%.

What is the bull case for PIIND?

A 10,000-path probability model puts a 65% chance the price is higher in a year, with a median target of ₹3,060 (+10%).

What are the risks in PIIND?

PIIND's P/E of 35.0x is lower than 39% of the 2,373 NSE companies in our screener, as of 9 Aug 2026. PIIND's return on equity of 11.2% ranks in the 56th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.

More on PIIND