Results: Man Industries (India) Limited Beat Earnings Expectations And Analysts Now Have New Forecasts

Man Industries (India) Limited (NSE:MANINDS) defied analyst predictions to release its yearly results, which were ahead of market expectations. The company beat forecasts, with revenue of ₹36b, some 7.8% above estimates, and statutory earnings per share (EPS) coming in at ₹22.78, 23% ahead of 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. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.

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Taking into account the latest results, the most recent consensus for Man Industries (India) from two analysts is for revenues of ₹39.0b in 2026. If met, it would imply a notable 9.6% increase on its revenue over the past 12 months. Statutory earnings per share are predicted to grow 19% to ₹28.24. Yet prior to the latest earnings, the analysts had been anticipated revenues of ₹38.3b and earnings per share (EPS) of ₹25.60 in 2026. Although the revenue estimates have not really changed, we can see there's been a nice increase in earnings per share expectations, suggesting that the analysts have become more bullish after the latest result.

Check out our latest analysis for Man Industries (India)

There's been no major changes to the consensus price target of ₹413, suggesting that the improved earnings per share outlook is not enough to have a long-term positive impact on the stock's valuation.

Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. It's pretty clear that there is an expectation that Man Industries (India)'s revenue growth will slow down substantially, with revenues to the end of 2026 expected to display 9.6% growth on an annualised basis. This is compared to a historical growth rate of 12% over the past five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 12% per year. So it's pretty clear that, while revenue growth is expected to slow down, the wider industry is also expected to grow faster than Man Industries (India).

The Bottom Line

The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around Man Industries (India)'s earnings potential next year. Fortunately, the analysts also reconfirmed their revenue estimates, suggesting that it's tracking in line with expectations. Although our data does suggest that Man Industries (India)'s revenue is expected to perform worse than the wider industry. The consensus price target held steady at ₹413, with the latest estimates not enough to have an impact on their price targets.

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 analyst estimates for Man Industries (India) going out as far as 2028, and you can see them free on our platform here.

That said, it's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Man Industries (India) , and understanding these should be part of your investment process.

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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.