Analyst Estimates: Here's What Brokers Think Of Indo Count Industries Limited (NSE:ICIL) After Its First-Quarter Report

The analyst might have been a bit too bullish on Indo Count Industries Limited (NSE:ICIL), given that the company fell short of expectations when it released its first-quarter results last week. Results look to have been somewhat negative - revenue fell 4.9% short of analyst estimates at ₹9.5b, and statutory earnings of ₹3.93 per share missed forecasts by 4.1%. Earnings are an important time for investors, as they can track a company's performance, look at what the analyst is forecasting for next year, and see if there's been a change in sentiment towards the company. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analyst has changed their mind on Indo Count Industries after the latest results.

See our latest analysis for Indo Count Industries

Taking into account the latest results, the current consensus from Indo Count Industries' one analyst is for revenues of ₹42.0b in 2025. This would reflect a notable 12% increase on its revenue over the past 12 months. Per-share earnings are expected to accumulate 9.5% to ₹18.90. Before this earnings report, the analyst had been forecasting revenues of ₹43.3b and earnings per share (EPS) of ₹20.20 in 2025. It's pretty clear that pessimism has reared its head after the latest results, leading to a weaker revenue outlook and a minor downgrade to earnings per share estimates.

Despite the cuts to forecast earnings, there was no real change to the ₹468 price target, showing that the analyst doesn't think the changes have a meaningful impact on its intrinsic value.

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. It's clear from the latest estimates that Indo Count Industries' rate of growth is expected to accelerate meaningfully, with the forecast 16% annualised revenue growth to the end of 2025 noticeably faster than its historical growth of 12% p.a. over the past five years. Other similar companies in the industry (with analyst coverage) are also forecast to grow their revenue at 13% per year. Factoring in the forecast acceleration in revenue, it's pretty clear that Indo Count Industries is expected to grow at about the same rate as the wider industry.

The Bottom Line

The biggest concern is that the analyst reduced their earnings per share estimates, suggesting business headwinds could lay ahead for Indo Count Industries. They also downgraded their revenue estimates, although as we saw earlier, forecast growth is only expected to be about the same as the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have analyst estimates for Indo Count Industries going out as far as 2027, and you can see them 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.

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