₹452 - That's What Analysts Think Indo Count Industries Limited (NSE:ICIL) Is Worth After These Results

Indo Count Industries Limited (NSE:ICIL) defied analyst predictions to release its yearly results, which were ahead of market expectations. The company beat expectations with revenues of ₹36b arriving 4.4% ahead of forecasts. Statutory earnings per share (EPS) were ₹17.06, 2.8% ahead of estimates. Following the result, the analyst has 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 analyst has changed their earnings models, following these results.

Check out our latest analysis for Indo Count Industries

After the latest results, the sole analyst covering Indo Count Industries are now predicting revenues of ₹43.3b in 2025. If met, this would reflect a huge 20% improvement in revenue compared to the last 12 months. Per-share earnings are expected to step up 18% to ₹20.20. In the lead-up to this report, the analyst had been modelling revenues of ₹38.1b and earnings per share (EPS) of ₹19.50 in 2025. Sentiment certainly seems to have improved after the latest results, with a substantial gain in revenue and a small lift in earnings per share estimates.

It will come as no surprise to learn that the analyst has increased their price target for Indo Count Industries 31% to ₹452on the back of these upgrades.

One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. The analyst is definitely expecting Indo Count Industries' growth to accelerate, with the forecast 20% annualised growth to the end of 2025 ranking favourably alongside historical growth of 12% per annum over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 13% annually. Factoring in the forecast acceleration in revenue, it's pretty clear that Indo Count Industries is expected to grow much faster than its industry.

The Bottom Line

The most important thing here is that the analyst upgraded their earnings per share estimates, suggesting that there has been a clear increase in optimism towards Indo Count Industries following these results. Happily, they also upgraded their revenue estimates, and are forecasting them to grow faster than the wider industry. There was also a nice increase in the price target, with the analyst clearly feeling that the intrinsic value of the business is improving.

Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. At least one analyst has provided forecasts out to 2026, which can be seen for free on our platform here.

You should always think about risks though. Case in point, we've spotted 1 warning sign for Indo Count Industries you should be aware of.

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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.