Dixon Technologies (India) Limited Just Recorded A 42% EPS Beat: Here's What Analysts Are Forecasting Next

Dixon Technologies (India) Limited (NSE:DIXON) shareholders are probably feeling a little disappointed, since its shares fell 7.7% to ₹15,170 in the week after its latest yearly results. It looks to have been a decent result overall - while revenue fell marginally short of analyst estimates at ₹389b, statutory earnings beat expectations by a notable 42%, coming in at ₹203 per share. 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 Dixon Technologies (India) after the latest results.

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Taking into account the latest results, the most recent consensus for Dixon Technologies (India) from 27 analysts is for revenues of ₹570.3b in 2026. If met, it would imply a huge 47% increase on its revenue over the past 12 months. Per-share earnings are expected to accumulate 5.1% to ₹190. Before this earnings report, the analysts had been forecasting revenues of ₹574.5b and earnings per share (EPS) of ₹201 in 2026. So it looks like there's been a small decline in overall sentiment after the recent results - there's been no major change to revenue estimates, but the analysts did make a minor downgrade to their earnings per share forecasts.

View our latest analysis for Dixon Technologies (India)

The consensus price target held steady at ₹16,476, with the analysts seemingly voting that their lower forecast earnings are not expected to lead to a lower stock price in the foreseeable future. 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 Dixon Technologies (India) at ₹21,409 per share, while the most bearish prices it at ₹8,696. Note the wide gap in analyst price targets? This implies to us that there is a fairly broad range of possible scenarios for the underlying business.

Of course, another way to look at these forecasts is to place them into context against the industry itself. We can infer from the latest estimates that forecasts expect a continuation of Dixon Technologies (India)'shistorical trends, as the 47% annualised revenue growth to the end of 2026 is roughly in line with the 39% 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 16% per year. So it's pretty clear that Dixon Technologies (India) is forecast to grow substantially faster than its industry.

The Bottom Line

The biggest concern is that the analysts reduced their earnings per share estimates, suggesting business headwinds could lay ahead for Dixon Technologies (India). Fortunately, they also reconfirmed their revenue numbers, suggesting that it's tracking in line with expectations. Additionally, our data suggests that revenue is expected to grow faster than the wider industry. The consensus price target held steady at ₹16,476, 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. We have forecasts for Dixon Technologies (India) going out to 2028, and you can see them 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.