IDFC retains Outperform on PI Industries, ups target as new products, exports to drive growth

The research firm recommended a “BUY” rating on Godrej Agrovet with a target price of Rs 461 from Rs 387 | Upside potential 19  percent.

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26 Aug, 2025 12:21

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IDFC Securities has maintained its Outperform rating on PI Industries with increased price target at Rs 1,085 per share.

The research house expects the agrochemical company to bounce back to growth from the second half of the current financial year, led by new product launches and exports business.

In custom synthesis and manufacturing business, IDFC expects strong recovery.

Its robust orderbook provides revenue visibility for next three years and unique business model enables growth despite headwinds, the research house said.

IDFC expects revenue and net profit to grow at a compounded rate of 12 percent and 6 percent, respectively, over the financial years through March 2020.

Foray into non-agrochemical CSM will result in substantially re-rating in the medium term, it feels.

At 14:24 hours IST, the stock price was quoting at Rs 986.50, up Rs 3.80, or 0.39 percent on the BSE.