Minda Corporation Limited Beat Revenue Forecasts By 8.7%: Here's What Analysts Are Forecasting Next
Last week saw the newest first-quarter earnings release from Minda Corporation Limited (NSE:MINDACORP), an important milestone in the company's journey to build a stronger business. It was a workmanlike result, with revenues of ₹18b coming in 8.7% ahead of expectations, and statutory earnings per share of ₹15.07, in line with analyst appraisals. 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 current consensus from Minda's nine analysts is for revenues of ₹75.1b in 2027. This would reflect a solid 13% increase on its revenue over the past 12 months. Statutory earnings per share are forecast to sink 16% to ₹17.82 in the same period. Before this earnings report, the analysts had been forecasting revenues of ₹72.8b and earnings per share (EPS) of ₹17.71 in 2027. There doesn't appear to have been a major change in sentiment following the results, other than the modest lift to revenue estimates.
View our latest analysis for Minda
The consensus price target increased 6.4% to ₹785, with an improved revenue forecast carrying the promise of a more valuable business, in time. 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. There are some variant perceptions on Minda, with the most bullish analyst valuing it at ₹860 and the most bearish at ₹675 per share. With such a narrow range of valuations, the analysts apparently share similar views on what they think the business is worth.
Of course, another way to look at these forecasts is to place them into context against the industry itself. We can infer from the latest estimates that forecasts expect a continuation of Minda'shistorical trends, as the 18% annualised revenue growth to the end of 2027 is roughly in line with the 15% 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 12% per year. So although Minda is expected to maintain its revenue growth rate, it's definitely expected 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. 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.
Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. At Simply Wall St, we have a full range of analyst estimates for Minda going out to 2029, and you can see them free on our platform here..
It is also worth noting that we have found 2 warning signs for Minda that you need to take into consideration.
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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.