Here's What Analysts Are Forecasting For Safari Industries (India) Limited (NSE:SAFARI) After Its Full-Year Results

Investors in Safari Industries (India) Limited (NSE:SAFARI) had a good week, as its shares rose 6.8% to close at ₹2,097 following the release of its full-year results. Safari Industries (India) reported ₹18b in revenue, roughly in line with analyst forecasts, although statutory earnings per share (EPS) of ₹29.16 beat expectations, being 2.7% higher than what the analysts expected. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.

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Following the latest results, Safari Industries (India)'s nine analysts are now forecasting revenues of ₹20.7b in 2026. This would be a solid 15% improvement in revenue compared to the last 12 months. Per-share earnings are expected to soar 39% to ₹40.71. In the lead-up to this report, the analysts had been modelling revenues of ₹21.5b and earnings per share (EPS) of ₹45.09 in 2026. The analysts are less bullish than they were before these results, given the reduced revenue forecasts and the minor downgrade to earnings per share expectations.

See our latest analysis for Safari Industries (India)

Despite the cuts to forecast earnings, there was no real change to the ₹2,516 price target, showing that the analysts don't think the changes have a meaningful impact on its intrinsic value. 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 Safari Industries (India) analyst has a price target of ₹2,737 per share, while the most pessimistic values it at ₹2,178. With such a narrow range of valuations, the analysts apparently share similar views on what they think the business is worth.

Of course, another way to look at these forecasts is to place them into context against the industry itself. It's pretty clear that there is an expectation that Safari Industries (India)'s revenue growth will slow down substantially, with revenues to the end of 2026 expected to display 15% growth on an annualised basis. This is compared to a historical growth rate of 31% over the past five years. Compare this to the 353 other companies in this industry with analyst coverage, which are forecast to grow their revenue at 14% per year. So it's pretty clear that, while Safari Industries (India)'s revenue growth is expected to slow, it's expected to grow roughly in line with the 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. Sadly, they also downgraded their revenue forecasts, but the business is still expected to grow at roughly the same rate as the industry itself. 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. We have estimates - from multiple Safari Industries (India) analysts - going out to 2028, and you can see them free on our platform here.

That said, it's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Safari Industries (India) (at least 1 which is concerning) , and understanding them should be part of your investment process.

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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.