Eureka Forbes Ltd - Stock Valuation and Financial Performance

BSE: 543482 | NSE: EUREKAFORB | Consumer Durables - Domestic Appliances | Small Cap

Eureka Forbes Share Price

605.85 -10.60 -1.72%
as on 12-Dec'24 16:59

DeciZen - make an informed investing decision on Eureka Forbes

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Eureka Forbes stock performance -

mw4me loader
P/E Ratio (SA):
96.30
Market Cap:
11,721.9 Cr.
52-wk low:
397.2
52-wk high:
648.4

Is Eureka Forbes Ltd an attractive stock to invest in?

1. Is Eureka Forbes Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Eureka Forbes Ltd is a average quality company.

2. Is Eureka Forbes Ltd undervalued or overvalued?

The key valuation ratios of Eureka Forbes Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Eureka Forbes Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Eureka Forbes Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Eureka Forbes:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Eureka Forbes Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % -3.9%3.2%22.8%-12.3%-4.9%-3.9%-58%0.5%1.1%3.1%-
Value Creation
Index
-1.3-0.80.7-1.9-1.4-1.3-5.3-1.0-0.9-0.8-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 028.533.526.525.916.37.93812,0802,1892,317
Sales YoY Gr.-NA17.6%-20.7%-2.3%-37%-52%4,753.5%446%5.2%-
Adj EPS -0.2-0.72.8-4.7-2.5-1.8-3.40.12.15.36.3
YoY Gr.-NANA-266.8%NANANANA1675%147%-
BVPS (₹) 5.76.79.34.72.33.60.3210.2210.8215.5221.9
Adj Net
Profit
0-0.20.8-1.3-0.7-0.9-1.62.341.2102122
Cash Flow from Ops. 00.50.20.10.90.90.137.2171195-
Debt/CF from Ops. 0718.179.15.11.7166.50.70.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NA142.8%553.3%5.2%
Adj EPS NANANA147%
BVPS49.7%147.7%805.7%2.2%
Share Price - - - 7.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
-3.9-19.535.4-67.5-70.5-73.9-171.70.112.52.9
Op. Profit
Mgn %
00.44.4-3.2-1.2-0.5-16.84.56.38.89.6
Net Profit
Mgn %
0-0.72.4-5-2.7-5.4-20.70.624.75.3
Debt to
Equity
01.81.43.36.90.910.80.1000
Working Cap
Days
0103181208180242362260857751
Cash Conv.
Cycle
01521291813-1461011-25

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 2.90%

Sales growth is growing at healthy rate in last 3 years 553.34%

Sales growth is good in last 4 quarters at 11.49%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Eureka Forbes Ltd.

Standalone Consolidated
TTM EPS (₹) 6.3 6.4
TTM Sales (₹ Cr.) 2,317 2,320
BVPS (₹.) 221.9 223.2
Reserves (₹ Cr.) 4,100 4,125
P/BV 2.73 2.71
PE 96.30 94.36
From the Market
52 Week Low / High (₹) 397.15 / 648.40
All Time Low / High (₹) 282.00 / 648.40
Market Cap (₹ Cr.) 11,722
Equity (₹ Cr.) 193.5
Face Value (₹) 10
Industry PE 72.9

Management X-Ray of Eureka Forbes:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *87.080.0099.09100.00100.00100.00100.00100.0053.6653.66
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Eureka Forbes

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales0283327261683812,0802,189
Operating Expenses 0283227261693641,9491,997
Manufacturing Costs0000000127171
Material Costs022252020127162845901
Employee Cost 033322149301328
Other Costs 0344421141732697
Operating Profit 001-100-117132192
Operating Profit Margin (%) -0.4%4.1%-3.2%-1.2%-0.5%-16.8%4.5%6.3%8.8%
Other Income 00000003109
Interest 001000042010
Depreciation 000000095553
Exceptional Items 00000000-40-15
Profit Before Tax 001-1-1-1-2727122
Tax 000000041031
Profit After Tax 001-1-1-1-231792
PAT Margin (%) --0.7%2.2%-5.0%-2.7%-5.5%-20.8%0.7%0.8%4.2%
Adjusted EPS (₹)-0.2-0.72.6-4.7-2.5-1.9-3.40.10.94.7
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 02311204,0674,0794,169
Share Capital 0333355193193193
Reserves 0-10-1-2-3-53,8733,8863,975
Minority Interest0000000000
Debt044442224012125
Long Term Debt000000049250
Short Term Debt04444221909625
Trade Payables010107855244228219
Others Liabilities 02111111,5851,6001,707
Total Liabilities 0171814141076,1356,0296,120

Fixed Assets

Gross Block01111115,5085,5345,563
Accumulated Depreciation0101111959106
Net Fixed Assets01000005,4985,4755,457
CWIP 0000000021
Investments 00000008710180
Inventories0212232283211244
Trade Receivables012138832153123137
Cash Equivalents 0001111141492
Others Assets033333299103109
Total Assets 0171814141076,1356,0296,120

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 000011037171195
PBT 001-1-1-1-2727122
Adjustment 011111113119107
Changes in Working Capital 00-211111829-35
Tax Paid 0-100000-1-41
Cash Flow From Investing Activity 0000000-4-23-35
Capex 0000000-4-11-26
Net Investments 00000000-1225
Others 000000000-33
Cash Flow From Financing Activity 00000-10-31-150-117
Net Proceeds from Shares 0000020000
Net Proceeds from Borrowing 0000000000
Interest Paid 00-10000-4-18-8
Dividend Paid 0000000000
Others 00010-30-27-132-110
Net Cash Flow 00000-102-143
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)N/A-19.532.76-67.18-70.21-74.21N/A0.140.422.22
ROCE (%)N/A3.1722.8-12.29-4.91-3.94N/A0.521.13.14
Asset Turnover Ratio03.331.921.661.871.380.920.120.340.36
PAT to CFO Conversion(x)N/AN/A0N/AN/AN/AN/A12.3310.062.12
Working Capital Days
Receivable Days0148133143110119120752422
Inventory Days027192327541171374338
Payable Days08215016413919827028010291

Eureka Forbes Ltd Stock News

Eureka Forbes Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Eureka Forbes on 12-Dec-2024 16:59 is ₹605.9.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 12-Dec-2024 16:59 the market cap of Eureka Forbes stood at ₹11,721.9.
The latest P/E ratio of Eureka Forbes as of 12-Dec-2024 16:59 is 96.30.
The latest P/B ratio of Eureka Forbes as of 12-Dec-2024 16:59 is 2.73.
The 52-week high of Eureka Forbes is ₹648.4 and the 52-week low is ₹397.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Eureka Forbes is ₹2,317 ( Cr.) .

About Eureka Forbes Ltd

Founded as a joint venture between Forbes and Campbell (a Tata Group company) and Electrolux of Sweden, Eureka Forbes is a multi-product, multi-channel organization. A former part of the renowned Shapoorji Pallonji Group, Eureka Forbes (formerly Forbes Enviro Solutions Limited) is India’s leading health and hygiene brand. In addition to being one of Asia’s largest direct sales forces, it has retail, institutional and e-commerce channels, an inventive franchise business partner network, a rural channel and one of the most expansive service networks in India.

Eureka Forbes has been a pioneer and trendsetter in direct sales in India and is one of the largest direct-selling companies in the world today. 

Business area of the company

The company is engaged in the business of manufacturing, selling and servicing of water filter-cum-purifiers, vacuum cleaners, air purifiers, water treatment plants, and other household appliances, etc., with a legacy of many decades. It also has a strong distribution and after sale service network to maintain health and hygiene across Indian households. The Company has been a pioneer and a trailblazer in direct marketing in India. 

Products

  • Water Purifiers
  • Vacuum Cleaners
  • Coronaguard
  • Air Purifiers
  • Water Solution

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