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Eureka Forbes Ltd (EUREKAFORB)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543482 NSE: EUREKAFORB Consumer Durables - Domestic Appliances | Small Cap | Eureka Forbes Share Price

₹481.20 15.60 (3.35%)

As on 02-Jul'26 16:59

Eureka Forbes Ltd (EUREKAFORB)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543482 NSE: EUREKAFORB Consumer Durables - Domestic Appliances | Small Cap | Eureka Forbes Share Price

₹481.20 15.60 (3.35%)

As on 02-Jul'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹9,312 Cr.
Current Price
₹481.2
52-Week Low / High
₹355 / 669
TTM EPS
₹8.3
TTM Sales
₹2,710 Cr.
Book Value per Share
₹236.3
P/E Ratio
58.12
Lower than its 5-year historical median
Industry PE
52.3
Price to Book (P/B)
2.04
Lower than its 5-year historical median
Price to Sales (P/S)
3.44
Lower than its 5-year historical median
EV/EBITDA
26.83
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
3.84%
Underperforms industry median
Return on Capital Employed (ROCE)
5.21%
Underperforms industry median
Return on Assets (ROA)
2.63%
Operating Profit Margin
10.8%
Net Profit Margin
6.7%
Gross Profit Margin
11.1%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
11.27%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
36.58%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
78.32%
Asset Quality
Promoter Holding
62.56%
Pledged shares (%) of Promoter's holding (%)
53.66%
Reserves
₹4,380 Cr.
Equity
₹193.5 Cr.
Face Value
₹10
All Time Low / High
₹282.00 / 668.50

Eureka Forbes stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Undervalued

Price Trend

Semi Strong
Q.1 Is Eureka Forbes Ltd a good quality company?
Eureka Forbes Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Eureka Forbes Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Eureka Forbes Ltd vs industry peers?
Eureka Forbes Ltd revenue CAGR is 172.07%, compared to the industry median CAGR of 10.02%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Eureka Forbes Ltd?
Promoters hold 62.56% of the Eureka Forbes Ltd, with 53.66% of their stake pledged, indicating high pledge risk.
Q.1 Stock return of Eureka Forbes Ltd over the last decade?
Over the last 3 year(s), the stock has delivered a CAGR of 8.54% based on the current price.

10 Year X-Ray :

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

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 3.2%22.8%-12.3%-4.9%-3.9%-58%0.5%1.1%3.1%5.2%-
Value Creation
Index
-0.80.7-1.9-1.4-1.3-5.3-1.0-0.9-0.8-0.6-

Growth Parameters

Sales 28.533.526.525.916.37.93812,0802,1892,4362,710
Sales YoY Gr.-17.6%-20.7%-2.3%-37%-52%4,753.5%446%5.2%11.3%-
Adj EPS -0.72.8-4.7-2.5-1.8-3.40.12.15.38.28.3
YoY Gr.-NA-266.8%NANANANA1675%147%55.9%-
BVPS (₹) 6.79.34.72.33.60.3210.2210.8215.5223.7236.3
Adj Net
Profit
-0.20.8-1.3-0.7-0.9-1.62.341.2102159160
Cash Flow from Ops. 0.50.20.10.90.90.137.2171195226-
Debt/CF from Ops. 718.179.15.11.7166.50.70.10-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 64%172.1%85.6%11.3%
Adj EPS NANA308.8%55.9%
BVPS47.6%128%2.1%3.8%
Share Price - - -4.9% -18.6%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
-19.535.4-67.5-70.5-73.9-171.70.112.53.73.6
Op. Profit
Mgn %
0.44.4-3.2-1.2-0.5-16.84.56.38.810.811.4
Net Profit
Mgn %
-0.72.4-5-2.7-5.4-20.70.624.76.55.9
Debt to
Equity
1.81.43.36.90.910.80.10000
Working Cap
Days
10318120818024236226085777771
Cash Conv.
Cycle
1521291813-146101119-1

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales283327261683812,0802,1892,436
Operating Expenses + 283227261693641,9491,9972,174
Manufacturing Costs00000012717181
Material Costs222520201271628459011,015
Employee Cost 33322149301328328
Other Costs 344421141732697749
Operating Profit 01-1-0-0-117132192262
Operating Profit Margin (%) 0.4%4.1%-3.2%-1.2%-0.5%-16.8%4.5%6.3%8.8%10.8%
Other Income + 000000310915
Exceptional Items 0000000-40-155
Interest 010000420106
Depreciation 0000009555358
Profit Before Tax -01-1-1-1-2727122219
Tax -000-0004103156
Profit After Tax -01-1-1-1-231792163
PAT Margin (%) -0.7%2.2%-5.0%-2.7%-5.5%-20.8%0.7%0.8%4.2%6.7%
Adjusted EPS (₹)-0.72.6-4.7-2.5-1.9-3.40.10.94.78.4
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Eureka Forbes - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 2311204,0674,0794,1694,328
Share Capital 333355193193193193
Reserves -1-0-1-2-3-53,8733,8863,9754,135
Debt +444422240121250
Long Term Debt000000492500
Short Term Debt44442219096250
Minority Interest0000000000
Trade Payables10107855244228219187
Others Liabilities 2111111,5851,6001,7071,794
Total Liabilities 171814141076,1356,0296,1206,310

Fixed Assets

Net Fixed Assets +1000005,4985,4755,4575,466
Gross Block1111115,5085,5345,5635,627
Accumulated Depreciation101111959106161
CWIP 0000000212
Investments 000000871018084
Inventories212232283211244243
Trade Receivables12138832153123137180
Cash Equivalents 001111141492225
Others Assets 33333299103109109
Total Assets 171814141076,1356,0296,1206,310

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 00011037171195226
PBT -01-1-1-1-2727122219
Adjustment 1111111311910780
Changes in Working Capital 0-211111829-35-79
Tax Paid -1-0-0-0-00-1-416
Cash Flow From Investing Activity + -00-0-000-4-23-35-168
Capex -00-0-000-4-11-26-55
Net Investments 0000000-12250
Others 000-00000-33-113
Cash Flow From Financing Activity + -0-00-0-1-0-31-150-117-43
Net Proceeds from Shares 0000200000
Net Proceeds from Borrowing 0000000000
Interest Paid -0-1-0-0-0-0-4-18-8-3
Dividend Paid 0000000000
Others 0010-3-0-27-132-110-41
Net Cash Flow 0-000-1-02-14314

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)-19.532.76-67.18-70.21-74.21N/A0.140.422.223.84
ROCE (%)3.1722.8-12.29-4.91-3.94N/A0.521.13.145.21
Asset Turnover Ratio3.331.921.661.871.380.920.120.340.360.39
PAT to CFO Conversion(x)N/A0N/AN/AN/AN/A12.3310.062.121.39
Working Capital Days
Receivable Days148133.10142.60109.90118.80120.1074.6024.2021.7023.80
Inventory Days26.701923.4026.8053.70117136.6043.4037.9036.50
Payable Days82.30150.10163.90139.30197.50269.7028010290.7073.10

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *100.00100.0053.6653.6653.6653.6653.6653.6653.6653.66
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Eureka Forbes Ltd FAQs

The current trading price of Eureka Forbes on 02-Jul-2026 16:59 is ₹481.2.

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 01-Jul-2026 the market cap of Eureka Forbes stood at ₹9,311.6 Cr

The latest P/E ratio of Eureka Forbes as of 01-Jul-2026 is 58.12.

The latest P/B ratio of Eureka Forbes as of 01-Jul-2026 is 2.04.

The 52-week high of Eureka Forbes is ₹668.5 and the 52-week low is ₹355.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Eureka Forbes is ₹2,710 ( Cr.) .

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

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

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.

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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