Analyst Estimates: Here's What Brokers Think Of Page Industries Limited (NSE:PAGEIND) After Its Full-Year Report

The annual results for Page Industries Limited (NSE:PAGEIND) were released last week, making it a good time to revisit its performance. Revenues came in 3.5% below expectations, at ₹49b. Statutory earnings per share were relatively better off, with a per-share profit of ₹654 being roughly in line with analyst estimates. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.

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Taking into account the latest results, the most recent consensus for Page Industries from 22 analysts is for revenues of ₹55.7b in 2026. If met, it would imply a notable 13% increase on its revenue over the past 12 months. Per-share earnings are expected to expand 12% to ₹732. Yet prior to the latest earnings, the analysts had been anticipated revenues of ₹55.0b and earnings per share (EPS) of ₹760 in 2026. The analysts seem to have become a little more negative on the business after the latest results, given the minor downgrade to their earnings per share numbers for next year.

View our latest analysis for Page Industries

It might be a surprise to learn that the consensus price target was broadly unchanged at ₹46,378, with the analysts clearly implying that the forecast decline in earnings is not expected to have much of an impact on 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 Page Industries analyst has a price target of ₹57,500 per share, while the most pessimistic values it at ₹35,561. There are definitely some different views on the stock, but the range of estimates is not wide enough as to imply that the situation is unforecastable, in our view.

Of course, another way to look at these forecasts is to place them into context against the industry itself. The period to the end of 2026 brings more of the same, according to the analysts, with revenue forecast to display 13% growth on an annualised basis. That is in line with its 14% annual growth over the past five years. Juxtapose this against our data, which suggests that other companies (with analyst coverage) in the industry are forecast to see their revenues grow 13% per year. So although Page Industries is expected to maintain its revenue growth rate, it's only growing at about the rate of the wider industry.

The Bottom Line

The most important thing to take away is that the analysts downgraded their earnings per share estimates, showing that there has been a clear decline in sentiment following these results. Happily, there were no real changes to revenue forecasts, with the business still expected to grow in line with the overall 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.

Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. At Simply Wall St, we have a full range of analyst estimates for Page Industries going out to 2028, and you can see them free on our platform here..

Before you take the next step you should know about the 1 warning sign for Page Industries that we have uncovered.

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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.