₹398 - That's What Analysts Think ITD Cementation India Limited (NSE:ITDCEM) Is Worth After These Results

ITD Cementation India Limited (NSE:ITDCEM) investors will be delighted, with the company turning in some strong numbers with its latest results. The company beat expectations with revenues of ₹78b arriving 2.5% ahead of forecasts. Statutory earnings per share (EPS) were ₹15.93, 2.7% ahead of estimates. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.

Check out our latest analysis for ITD Cementation India

Following the latest results, ITD Cementation India's three analysts are now forecasting revenues of ₹93.7b in 2025. This would be a sizeable 21% improvement in revenue compared to the last 12 months. Per-share earnings are expected to jump 41% to ₹22.50. Yet prior to the latest earnings, the analysts had been anticipated revenues of ₹91.7b and earnings per share (EPS) of ₹16.35 in 2025. So it seems there's been a definite increase in optimism about ITD Cementation India's future following the latest results, with a very substantial lift in the earnings per share forecasts in particular.

It will come as no surprise to learn that the analysts have increased their price target for ITD Cementation India 87% to ₹398on the back of these upgrades. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. Currently, the most bullish analyst values ITD Cementation India at ₹417 per share, while the most bearish prices it at ₹371. With such a narrow range of valuations, the analysts apparently share similar views on what they think the business is worth.

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 2025 brings more of the same, according to the analysts, with revenue forecast to display 21% growth on an annualised basis. That is in line with its 24% 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 ITD Cementation India is forecast to grow substantially faster than its industry.

The Bottom Line

The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around ITD Cementation India's earnings potential next year. Pleasantly, they also upgraded their revenue estimates, and their forecasts suggest the business is expected to grow faster than the wider industry. We note an upgrade to the price target, suggesting that the analysts believes the intrinsic value of the business is likely to improve over time.

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 ITD Cementation India analysts - going out to 2027, and you can see them free on our platform here.

You can also see our analysis of ITD Cementation India's Board and CEO remuneration and experience, and whether company insiders have been buying stock.

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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.