One Electrosteel Castings Limited (NSE:ELECTCAST) Analyst Just Slashed Their Estimates By A Consequential 11%

Today is shaping up negative for Electrosteel Castings Limited (NSE:ELECTCAST) shareholders, with the covering analyst delivering a substantial negative revision to this year's forecasts. This report focused on revenue estimates, and it looks as though the consensus view of the business has become substantially more conservative.

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Following the latest downgrade, the lone analyst covering Electrosteel Castings provided consensus estimates of ₹54b revenue in 2026, which would reflect a substantial 21% decline on its sales over the past 12 months. Prior to the latest estimates, the analyst was forecasting revenues of ₹60b in 2026. It looks like forecasts have become a fair bit less optimistic on Electrosteel Castings, given the measurable cut to revenue estimates.

Check out our latest analysis for Electrosteel Castings

Of course, another way to look at these forecasts is to place them into context against the industry itself. We would highlight that sales are expected to reverse, with a forecast 21% annualised revenue decline to the end of 2026. That is a notable change from historical growth of 18% over the last five years. By contrast, our data suggests that other companies (with analyst coverage) in the same industry are forecast to see their revenue grow 15% annually for the foreseeable future. It's pretty clear that Electrosteel Castings' revenues are expected to perform substantially worse than the wider industry.

The Bottom Line

The clear low-light was that the analyst slashing their revenue forecasts for Electrosteel Castings this year. They're also anticipating slower revenue growth than the wider market. Often, one downgrade can set off a daisy-chain of cuts, especially if an industry is in decline. So we wouldn't be surprised if the market became a lot more cautious on Electrosteel Castings after today.

Want to learn more? One Electrosteel Castings broker/analyst has provided estimates out to 2027, which can be seen for free on our platform here.

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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.