Dalmia Bharat Limited Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Dalmia Bharat Limited (NSE:DALBHARAT) missed earnings with its latest third-quarter results, disappointing overly-optimistic forecasters. It wasn't a great result overall - while revenue fell marginally short of analyst estimates at ₹32b, statutory earnings missed forecasts by an incredible 62%, coming in at just ₹3.25 per share. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.

Check out our latest analysis for Dalmia Bharat

Taking into account the latest results, the current consensus from Dalmia Bharat's 31 analysts is for revenues of ₹162.1b in 2026. This would reflect a meaningful 14% increase on its revenue over the past 12 months. Per-share earnings are expected to surge 80% to ₹54.00. Yet prior to the latest earnings, the analysts had been anticipated revenues of ₹166.2b and earnings per share (EPS) of ₹59.21 in 2026. 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.

The analysts made no major changes to their price target of ₹1,938, suggesting the downgrades are not expected to have a long-term impact on Dalmia Bharat's valuation. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. The most optimistic Dalmia Bharat analyst has a price target of ₹2,384 per share, while the most pessimistic values it at ₹1,478. Analysts definitely have varying views on the business, but the spread of estimates is not wide enough in our view to suggest that extreme outcomes could await Dalmia Bharat shareholders.

Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. The period to the end of 2026 brings more of the same, according to the analysts, with revenue forecast to display 11% growth on an annualised basis. That is in line with its 10% annual growth over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenues grow 0.8% per year. So it's pretty clear that Dalmia Bharat is forecast to grow substantially faster than its 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. Regrettably, they also downgraded their revenue estimates, but the latest forecasts still imply the business will grow faster than 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 in mind, we wouldn't be too quick to come to a conclusion on Dalmia Bharat. Long-term earnings power is much more important than next year's profits. We have estimates - from multiple Dalmia Bharat analysts - going out to 2027, and you can see them free on our platform here.

You should always think about risks though. Case in point, we've spotted 3 warning signs for Dalmia Bharat 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.