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Eureka Forbes Limited
(EUREKAFORB)
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Rating:64Neutral
Price Target:
₹449.00
▲(4.70% Upside)
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
Revenue Expansion
The sharp increase in revenue indicates meaningful expansion in business scale and customer demand. If sustained, this growth can strengthen distribution leverage, support higher absolute profits, and improve the economics of the installed service and consumables base.
Negative Factors
Uncertain Gross Margin Stability
The apparent gross-profit anomaly reduces confidence in the durability and comparability of reported margins. If it reflects underlying volatility rather than data quality, sustained revenue growth may not translate consistently into operating profit or cash generation.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Expansion
The sharp increase in revenue indicates meaningful expansion in business scale and customer demand. If sustained, this growth can strengthen distribution leverage, support higher absolute profits, and improve the economics of the installed service and consumables base.
Read all positive factors
Eureka Forbes Limited (EUREKAFORB) vs. iShares MSCI India ETF (INDA)
Market Cap
₹77.23B
Dividend YieldN/A
Average Volume (3M)13.30K
Price to Earnings (P/E)42.7
Beta (1Y)1.16
Revenue Growth12.45%
EPS Growth5.84%
CountryIN
Employees2,669
SectorGeneral
Sector StrengthN/A
IndustryFurnishings, Fixtures & Appliances
Share Statistics
EPS (TTM)5.78
Shares Outstanding193,419,190
10 Day Avg. Volume19,866
30 Day Avg. Volume13,305
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)12.6
Revenue Forecast (FY)₹30.84B
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 consumer durable products—most significantly water purification systems—through retail/partner outlets and direct-to-consumer/distribution networks. A major recurring revenue stream comes from post-sa...
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 Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | ₹51.32B | 32.41 | ― | ― | 13.66% | 49.21% | |
69 Neutral | ₹37.37B | 33.65 | ― | 0.86% | 12.84% | 27.11% | |
64 Neutral | ₹77.23B | 42.68 | ― | ― | 12.45% | 5.84% | |
57 Neutral | ₹100.71B | 40.22 | ― | 0.63% | 6.03% | -30.48% | |
56 Neutral | ₹149.71B | -66.28 | ― | 1.30% | 7.87% | -142.53% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | ₹39.16B | -89.59 | ― | 0.89% | -5.30% | -140.84% |
* General Sector Average
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Eureka Forbes Limited
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Eureka Forbes Limited Corporate Events
Eureka Forbes Publishes AGM Notice and E‑Voting Details in Newspapers
Jul 26, 2026
Eureka Forbes Limited has notified the stock exchanges that it has published newspaper advertisements announcing the completion of dispatch of the notice for its 17th Annual General Meeting to shareholders. The advertisements, carried in Financial...
Eureka Forbes Publishes AGM Notice, Confirms Virtual Meeting for August 19
Jul 22, 2026
Eureka Forbes Limited has notified the stock exchanges that it has published newspaper advertisements announcing its 17th Annual General Meeting. The AGM is scheduled for August 19, 2026 at 12:00 p.m. IST and will be conducted via video conferenci...
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.