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Eureka Forbes Limited
(EUREKAFORB)
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Rating:64Neutral
Price Target:
₹335.00
▼(-21.88% Downside)
Action:Reiterated
Date:08/20/26
The score is supported primarily by strong financial performance—rapid growth, positive and improving free cash flow, and very low leverage. This is tempered by weak technicals (price below key moving averages with negative MACD) and a high P/E multiple with no dividend yield provided, which reduces near-term risk/reward attractiveness.
Positive Factors
Strong Revenue Growth
The sharp FY2026 revenue increase indicates substantial expansion in the company’s operating scale and customer demand. If sustained, this growth can improve fixed-cost absorption, support broader distribution and service monetization, and provide a stronger base for future earnings generation.
Negative Factors
Modest Return on Equity
A modest return on equity suggests the company is not yet generating high earnings from its capital base despite having very little debt. Unless profitability improves, this may limit the efficiency of reinvestment and reduce the long-term returns produced from balance-sheet expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
The sharp FY2026 revenue increase indicates substantial expansion in the company’s operating scale and customer demand. If sustained, this growth can improve fixed-cost absorption, support broader distribution and service monetization, and provide a stronger base for future earnings generation.
Read all positive factors
Eureka Forbes Limited (EUREKAFORB) vs. iShares MSCI India ETF (INDA)
Market Cap
₹60.52B
Dividend YieldN/A
Average Volume (3M)16.79K
Price to Earnings (P/E)33.6
Beta (1Y)1.20
Revenue Growth12.45%
EPS Growth5.84%
CountryIN
Employees2,669
SectorGeneral
Sector StrengthN/A
IndustryFurnishings, Fixtures & Appliances
Share Statistics
EPS (TTM)5.78
Shares Outstanding193,574,190
10 Day Avg. Volume31,442
30 Day Avg. Volume16,787
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)1.87
Price to Sales (P/S)3.18
P/FCF Ratio48.81
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)12.76
Revenue Forecast (FY)₹30.86B
Eureka Forbes Limited Business Overview & Revenue Model
Company Description
Established in 1982 and based in Mumbai, India, Eureka Forbes Limited is engaged in the manufacturing, distribution, rental, sale, and servicing of various products. These include vacuum cleaners, water purification and filtration systems, electro...
How the Company Makes Money
Eureka Forbes primarily makes money by selling home and household-health products, led by water purification systems (e.g., Aquaguard) and vacuum-cleaning products (e.g., Forbes). Revenue is generated through (1) direct product sales via a mix of ...
Eureka Forbes Limited Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
90
Very Positive
Cash Flow
78
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 |
|---|---|---|---|
Income Statement | |||
| Total Revenue | 13.70B | 27.09B | 24.22B |
| Gross Profit | 7.92B | 8.53B | 119.23M |
| EBITDA | 1.86B | 3.13B | 2.84B |
| Net Income | 1.12B | 1.64B | 1.64B |
Balance Sheet | |||
| Total Assets | 67.87B | 67.35B | 63.38B |
| Cash, Cash Equivalents and Short-Term Investments | 3.11B | 4.76B | 3.11B |
| Total Debt | 1.05B | 289.17M | 255.53M |
| Total Liabilities | 22.66B | 21.35B | 19.28B |
| Stockholders Equity | 45.20B | 45.99B | 44.09B |
Cash Flow | |||
| Free Cash Flow | 905.05M | 1.76B | 1.86B |
| Operating Cash Flow | 1.77B | 2.64B | 2.46B |
| Investing Cash Flow | -2.54B | -2.16B | -1.68B |
| Financing Cash Flow | -65.65M | -177.65M | -433.86M |
Eureka Forbes Limited Technical Analysis
Negative
428.85
Price Trends
373.91
Negative
414.32
Negative
453.93
Negative
Market Momentum
-17.33
Negative
33.01
Neutral
38.32
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:EUREKAFORB, the sentiment is Negative. The current price of 428.85 is above the 20-day moving average (MA) of 332.86, above the 50-day MA of 373.91, and below the 200-day MA of 453.93, indicating a bearish trend. The MACD of -17.33 indicates Negative momentum. The RSI at 33.01 is Neutral, neither overbought nor oversold. The STOCH value of 38.32 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:EUREKAFORB.
Eureka Forbes Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | ₹60.52B | 33.63 | ― | ― | 12.45% | 5.84% | |
62 Neutral | ₹123.60B | -70.16 | ― | 1.56% | 12.09% | -137.18% | |
62 Neutral | ₹38.56B | 30.82 | ― | 0.83% | 16.93% | 41.82% | |
62 Neutral | ₹103.26B | 41.18 | ― | 0.61% | 6.03% | -30.48% | |
59 Neutral | ₹41.73B | 28.25 | ― | ― | 14.29% | 16.62% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | ₹30.93B | -113.26 | ― | 1.12% | -4.73% | -126.31% |
* General Sector Average
IN:EUREKAFORB
Eureka Forbes Limited
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Eureka Forbes Limited Corporate Events
Eureka Forbes contests Rs 273 crore GST show cause notice from UP tax authority
Sep 28, 2026
Eureka Forbes Limited has disclosed that it received a show cause notice from the Uttar Pradesh GST Authority for FY 2022-23, alleging tax, interest and penalty demands aggregating to Rs 273.40 crore. The proposed demand has reportedly been comput...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.