EN
Solar Industries India Limited Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year
Solar Industries India Limited (NSE:SOLARINDS) investors will be delighted, with the company turning in some strong numbers with its latest results. It was a solid earnings report, with revenues and statutory earnings per share (EPS) both coming in strong. Revenues were 15% higher than the analysts had forecast, at ₹35b, while EPS were ₹68.19 beating analyst models by 23%. 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. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.
Taking into account the latest results, the current consensus from Solar Industries India's 15 analysts is for revenues of ₹141.3b in 2027. This would reflect a decent 10% increase on its revenue over the past 12 months. Statutory earnings per share are predicted to step up 13% to ₹282. Yet prior to the latest earnings, the analysts had been anticipated revenues of ₹141.3b and earnings per share (EPS) of ₹282 in 2027. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.
Check out our latest analysis for Solar Industries India
It will come as no surprise then, to learn that the consensus price target is largely unchanged at ₹22,437. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. There are some variant perceptions on Solar Industries India, with the most bullish analyst valuing it at ₹28,160 and the most bearish at ₹11,200 per share. 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.
Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. The period to the end of 2027 brings more of the same, according to the analysts, with revenue forecast to display 22% growth on an annualised basis. That is in line with its 20% 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 Solar Industries India is forecast to grow substantially faster than its industry.
The Bottom Line
The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share 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 ₹22,437, with the latest estimates not enough to have an impact on their price targets.
Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. At Simply Wall St, we have a full range of analyst estimates for Solar Industries India going out to 2029, and you can see them free on our platform here..
It is also worth noting that we have found 1 warning sign for Solar Industries India that you need to take into consideration.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.