Tega Industries Limited (NSE:TEGA) Just Released Its Third-Quarter Earnings: Here's What Analysts Think

It's been a good week for Tega Industries Limited (NSE:TEGA) shareholders, because the company has just released its latest third-quarter results, and the shares gained 2.3% to ₹1,535. Tega Industries reported in line with analyst predictions, delivering revenues of ₹4.1b and statutory earnings per share of ₹29.09, suggesting the business is executing well and in line with its plan. 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. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.

View our latest analysis for Tega Industries

After the latest results, the four analysts covering Tega Industries are now predicting revenues of ₹20.5b in 2026. If met, this would reflect a huge 27% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to surge 51% to ₹42.55. Before this earnings report, the analysts had been forecasting revenues of ₹21.0b and earnings per share (EPS) of ₹47.63 in 2026. The analysts seem less optimistic after the recent results, reducing their revenue forecasts and making a real cut to earnings per share numbers.

The analysts made no major changes to their price target of ₹1,938, suggesting the downgrades are not expected to have a long-term impact on Tega Industries' valuation. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. The most optimistic Tega Industries analyst has a price target of ₹2,120 per share, while the most pessimistic values it at ₹1,714. 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 2026 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 18% annual growth over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenues grow 14% per year. So although Tega Industries is expected to maintain its revenue growth rate, it's definitely expected to grow faster than the wider industry.

The Bottom Line

The biggest concern is that the analysts reduced their earnings per share estimates, suggesting business headwinds could lay ahead for Tega Industries. They also downgraded Tega Industries' revenue estimates, but industry data suggests that it is expected to grow faster than the wider industry. The consensus price target held steady at ₹1,938, with the latest estimates not enough to have an impact on their price targets.

With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have estimates - from multiple Tega Industries analysts - going out to 2027, and you can see them free on our platform here.

We also provide an overview of the Tega Industries Board and CEO remuneration and length of tenure at the company, and whether insiders have been buying the stock, 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.