The second-quarter results for Tega Industries Limited (NSE:TEGA) were released last week, making it a good time to revisit its performance. Results were roughly in line with estimates, with revenues of ₹43b and statutory earnings per share of ₹20.54. This is an important time for investors, as they can track a company’s performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.
Taking into account the latest results, the most recent consensus for Tega Industries from dual analysts is for revenues of ₹145.0b in 2027. If met, it would imply a major 109% increase on its revenue over the past 12 months. Tega Industries is also expected to turn profitable, with statutory earnings of ₹66.20 per share. Before this earnings report, the analysts had been forecasting revenues of ₹145.0b and earnings per share (EPS) of ₹66.20 in 2027. So it’s pretty clear that, although the analysts have updated their estimates, there’s been no major change in expectations for the business following the latest results.
See our latest analysis for Tega Industries
It will come as no surprise then, to learn that the consensus price target is largely unchanged at ₹1,799.
These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Tega Industries’ past performance and to peers in the same industry. The analysts are definitely expecting Tega Industries’ growth to accelerate, with the forecast 3x annualised growth to the end of 2027 ranking favourably alongside historical growth of 32% per annum 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. Factoring in the forecast acceleration in revenue, it’s pretty clear that Tega Industries is expected to grow much faster than its industry.
The Bottom Line
The most obvious conclusion is that there’s been no major change in the business’ prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. Fortunately, they also reconfirmed their revenue numbers, suggesting that it’s tracking in line with expectations. Additionally, our data suggests that revenue is expected to grow faster than the wider industry. The consensus price target held steady at ₹1,799, with the latest estimates not enough to have an impact on their price targets.
With that in mind, we wouldn’t be too quick to come to a conclusion on Tega Industries. Long-term earnings power is much more important than next year’s profits. At least one analyst has provided forecasts out to 2029, which can be seen for free on our platform here.
You should always think about risks though. Case in point, we’ve spotted 1 warning sign for Tega Industries you should be aware of.
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