Analysts Are Upgrading Solar Industries India Limited (NSE:SOLARINDS) After Its Latest Results

It's been a good week for Solar Industries India Limited (NSE:SOLARINDS) shareholders, because the company has just released its latest full-year results, and the shares gained 8.1% to ₹15,008. Revenues of ₹75b were in line with forecasts, although statutory earnings per share (EPS) came in below expectations at ₹134, missing estimates by 2.0%. 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. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.

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Following the latest results, Solar Industries India's five analysts are now forecasting revenues of ₹100.0b in 2026. This would be a sizeable 33% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to leap 43% to ₹191. In the lead-up to this report, the analysts had been modelling revenues of ₹92.3b and earnings per share (EPS) of ₹176 in 2026. So there seems to have been a moderate uplift in sentiment following the latest results, given the upgrades to both revenue and earnings per share forecasts for next year.

View our latest analysis for Solar Industries India

It will come as no surprise to learn that the analysts have increased their price target for Solar Industries India 28% to ₹15,939on the back of these upgrades. 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. Currently, the most bullish analyst values Solar Industries India at ₹17,500 per share, while the most bearish prices it at ₹14,815. Still, with such a tight range of estimates, it suggeststhe analysts have a pretty good idea of what they think the company is worth.

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. It's clear from the latest estimates that Solar Industries India's rate of growth is expected to accelerate meaningfully, with the forecast 33% annualised revenue growth to the end of 2026 noticeably faster than its historical growth of 25% p.a. over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 13% per year. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Solar Industries India to grow faster than the wider industry.

The Bottom Line

The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around Solar Industries India's earnings potential next year. Pleasantly, they also upgraded their revenue estimates, and their forecasts suggest the business is expected to grow faster than the wider industry. There was also a nice increase in the price target, with the analysts clearly feeling that the intrinsic value of the business is improving.

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 Solar Industries India analysts - going out to 2027, and you can see them free on our platform here.

Another thing to consider is whether management and directors have been buying or selling stock recently. We provide an overview of all open market stock trades for the last twelve months 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.