The KEI Industries Limited (NSE:KEI) Second-Quarter Results Are Out And Analysts Have Published New Forecasts

Shareholders might have noticed that KEI Industries Limited (NSE:KEI) filed its second-quarter result this time last week. The early response was not positive, with shares down 3.4% to ₹4,131 in the past week. It was a credible result overall, with revenues of ₹27b and statutory earnings per share of ₹75.55 both in line with analyst estimates, showing that KEI Industries is executing in line with expectations. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on KEI Industries after the latest results.

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Taking into account the latest results, the current consensus from KEI Industries' eleven analysts is for revenues of ₹116.9b in 2026. This would reflect a notable 9.2% increase on its revenue over the past 12 months. Per-share earnings are expected to rise 9.7% to ₹90.68. Before this earnings report, the analysts had been forecasting revenues of ₹116.5b and earnings per share (EPS) of ₹89.71 in 2026. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.

View our latest analysis for KEI Industries

It will come as no surprise then, to learn that the consensus price target is largely unchanged at ₹4,499. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. Currently, the most bullish analyst values KEI Industries at ₹5,059 per share, while the most bearish prices it at ₹3,151. Analysts definitely have varying views on the business, but the spread of estimates is not wide enough in our view to suggest that extreme outcomes could await KEI Industries shareholders.

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. We can infer from the latest estimates that forecasts expect a continuation of KEI Industries'historical trends, as the 19% annualised revenue growth to the end of 2026 is roughly in line with the 19% annual growth over the past five years. Compare this with the broader industry, which analyst estimates (in aggregate) suggest will see revenues grow 19% annually. So although KEI Industries is expected to maintain its revenue growth rate, it's only growing at about the rate of the wider 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. They also reconfirmed their revenue estimates, with the company predicted to grow at about the same rate as the wider industry. The consensus price target held steady at ₹4,499, 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 KEI Industries going out to 2028, and you can see them free on our platform here..

Plus, you should also learn about the 1 warning sign we've spotted with KEI Industries .

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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.