Eureka Forbes Limited (IN:EUREKAFORB)
:EUREKAFORB
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Eureka Forbes Limited
(EUREKAFORB)
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Rating:66Neutral
Price Target:
₹530.00
▼(-5.42% Downside)
Action:N/A
Date:05/20/26
The score is primarily supported by strong financial performance (rapid growth, positive and rising free cash flow, and very low leverage). It is materially constrained by an expensive valuation (very high P/E with no dividend yield provided) and a mixed technical picture with the stock below key longer-term moving averages despite some signs of near-oversold conditions.
Positive Factors
Revenue Growth
A near-doubling of reported revenues in FY2026 reflects durable scale expansion and stronger product adoption. Sustained top-line growth supports a larger installed base, which drives recurring service and consumables revenue and enables ongoing investment in distribution and after-sales capabilities.
Negative Factors
Margin Volatility
An anomalous gross-profit/margin reading in FY2025 signals possible product-mix shifts, input-cost swings, or reporting noise. Persistent margin volatility makes long-term margin forecasting difficult, raises the risk of profit erosion under cost pressure, and weakens visibility into sustainable operating profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
A near-doubling of reported revenues in FY2026 reflects durable scale expansion and stronger product adoption. Sustained top-line growth supports a larger installed base, which drives recurring service and consumables revenue and enables ongoing investment in distribution and after-sales capabilities.
Read all positive factors
Eureka Forbes Limited (EUREKAFORB) vs. iShares MSCI India ETF (INDA)
Market Cap
₹91.51B
Dividend YieldN/A
Average Volume (3M)10.79K
Price to Earnings (P/E)297.9
Beta (1Y)1.17
Revenue Growth11.17%
EPS Growth-1.29%
CountryIN
Employees2,721
SectorConsumer Cyclical
Sector Strength84
IndustryFurnishings, Fixtures & Appliances
Share Statistics
EPS (TTM)5.78
Shares Outstanding193,404,190
10 Day Avg. Volume15,921
30 Day Avg. Volume10,789
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)12.61
Revenue Forecast (FY)₹30.69B
Eureka Forbes Limited Business Overview & Revenue Model
Company Description
Eureka Forbes Limited engages in manufacturing, trading, renting, selling, and servicing of vacuum cleaners, water filter cum purifiers, electronic air cleaning systems, and related products in India and internationally. It also offers water solut...
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 (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | ₹74.23B | 28.82 | ― | 1.23% | 6.58% | -17.01% | |
66 Neutral | ₹91.51B | 297.90 | ― | ― | 11.17% | -1.29% | |
64 Neutral | ₹134.67B | 44.82 | ― | 0.45% | 6.96% | -2.06% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
56 Neutral | ₹108.72B | 107.65 | ― | 0.53% | 2.74% | 4.84% | |
55 Neutral | ₹18.03B | 35.74 | ― | 0.50% | 10.87% | 8.93% | |
53 Neutral | ₹39.64B | -42.86 | ― | 0.62% | -7.59% | -168.03% |
* Consumer Cyclical Sector Average
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Eureka Forbes Limited Corporate Events
Eureka Forbes sets 20 May earnings call to discuss FY26 results
May 13, 2026
Eureka Forbes Limited has scheduled an earnings conference call with analysts and investors on 20 May 2026 to discuss its financial results for the fourth quarter and full year ended 31 March 2026. The call, led by Managing Director and CEO Pratik...
Eureka Forbes Schedules Investor Meetings at Key Mumbai Conferences
Feb 20, 2026
Eureka Forbes Limited has notified the exchanges that it will participate in two upcoming investor conferences in Mumbai, engaging with analysts and institutional investors through group and one-on-one physical meetings. The company’s presen...
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.