Revenue Beat: INOX India Limited Beat Analyst Estimates By 10%

As you might know, INOX India Limited (NSE:INOXINDIA) recently reported its quarterly numbers. INOX India beat revenue forecasts by a solid 10% to hit ₹4.6b. Statutory earnings per share came in at ₹28.33, in line with expectations. 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. 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, INOX India’s three analysts are now forecasting revenues of ₹19.1b in 2027. This would be a notable 11% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to jump 26% to ₹36.20. In the lead-up to this report, the analysts had been modelling revenues of ₹19.1b and earnings per share (EPS) of ₹36.20 in 2027. The consensus analysts don’t seem to have seen anything in these results that would have changed their view on the business, given there’s been no major change to their estimates.

View our latest analysis for INOX India

It will come as no surprise then, to learn that the consensus price target is largely unchanged at ₹2,253. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. Currently, the most bullish analyst values INOX India at ₹2,500 per share, while the most bearish prices it at ₹2,010. This is a very narrow spread of estimates, implying either that INOX India is an easy company to value, or – more likely – the analysts are relying heavily on some key assumptions.

Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. It’s clear from the latest estimates that INOX India’s rate of growth is expected to accelerate meaningfully, with the forecast 24% annualised revenue growth to the end of 2027 noticeably faster than its historical growth of 17% p.a. over the past three 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 INOX India to grow faster than the wider industry.

The Bottom Line

The most important thing to take away is that there’s been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. Happily, there were no major changes to revenue forecasts, with the business still expected to 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 said, the long-term trajectory of the company’s earnings is a lot more important than next year. We have estimates – from multiple INOX India analysts – going out to 2029, and you can see them free on our platform here.

You can also see our analysis of INOX India’s Board and CEO remuneration and experience, and whether company insiders have been buying stock.

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