Earnings Beat: Here's What PG Electroplast Limited (NSE:PGEL) Analysts Are Forecasting For This Year

PG Electroplast Limited (NSE:PGEL) just released its latest full-year results and things are looking bullish. The company beat expectations with revenues of ₹49b arriving 9.2% ahead of forecasts. Statutory earnings per share (EPS) were ₹10.55, 9.2% ahead of estimates. 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. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on PG Electroplast after the latest results.

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Taking into account the latest results, the most recent consensus for PG Electroplast from eight analysts is for revenues of ₹58.5b in 2026. If met, it would imply a solid 19% increase on its revenue over the past 12 months. Statutory earnings per share are predicted to leap 46% to ₹14.87. In the lead-up to this report, the analysts had been modelling revenues of ₹57.4b and earnings per share (EPS) of ₹14.24 in 2026. So the consensus seems to have become somewhat more optimistic on PG Electroplast's earnings potential following these results.

View our latest analysis for PG Electroplast

There's been no major changes to the consensus price target of ₹1,007, suggesting that the improved earnings per share outlook is not enough to have a long-term positive impact on the stock's 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. Currently, the most bullish analyst values PG Electroplast at ₹1,151 per share, while the most bearish prices it at ₹780. 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.

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. We would highlight that PG Electroplast's revenue growth is expected to slow, with the forecast 19% annualised growth rate until the end of 2026 being well below the historical 42% p.a. growth over the last five years. Compare this to the 66 other companies in this industry with analyst coverage, which are forecast to grow their revenue at 21% per year. Factoring in the forecast slowdown in growth, it looks like PG Electroplast is forecast to grow at about the same rate as 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 PG Electroplast's earnings potential next year. They also reconfirmed their revenue estimates, with the company predicted to grow at about the same rate as 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 PG Electroplast. Long-term earnings power is much more important than next year's profits. At Simply Wall St, we have a full range of analyst estimates for PG Electroplast going out to 2028, and you can see them free on our platform here..

We don't want to rain on the parade too much, but we did also find 2 warning signs for PG Electroplast (1 is potentially serious!) that you need to be mindful 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.