News Flash: One Analyst Just Made A Notable Upgrade To Their Indo Count Industries Limited (NSE:ICIL) Forecasts

Shareholders in Indo Count Industries Limited (NSE:ICIL) may be thrilled to learn that the covering analyst has just delivered a major upgrade to their near-term forecasts. The revenue forecast for this year has experienced a facelift, with the analyst now much more optimistic on its sales pipeline.

After this upgrade, Indo Count Industries' solitary analyst is now forecasting revenues of ₹43b in 2025. This would be a huge 20% improvement in sales compared to the last 12 months. Per-share earnings are expected to step up 18% to ₹20.20. Previously, the analyst had been modelling revenues of ₹38b and earnings per share (EPS) of ₹19.50 in 2025. The most recent forecasts are noticeably more optimistic, with a solid increase in revenue estimates and a lift to earnings per share as well.

Check out our latest analysis for Indo Count Industries

With these upgrades, we're not surprised to see that the analyst has lifted their price target 31% to ₹452 per share.

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 20% annualised revenue growth to the end of 2025 noticeably faster than its historical growth of 12% p.a. 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 to take away from this upgrade is that the analyst upgraded their earnings per share estimates for this year, expecting improving business conditions. Fortunately, the analyst also upgraded their revenue estimates, and our data indicates sales are expected to perform better than the wider market. There was also a nice increase in the price target, with the analyst apparently feeling that the intrinsic value of the business is improving. Given that the analyst appears to be expecting substantial improvement in the sales pipeline, now could be the right time to take another look at Indo Count Industries.

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 2026, 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.