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Eureka Forbes

EUREKAFORB NSE
₹341.25 5.35 (1.59%)
Market Cap
₹6,605 Cr
P/E
37.25

Key Fundamentals

MicrocapHousehold AppliancesConsumer Goods
Market Cap
₹6,605 Cr
P/E (TTM)
37.25
EBITDA
₹337 Cr
Return on Equity
3.54%
Debt to Equity
0.01
Book Value
₹237.60
EPS (TTM)
₹9.16
52W High
₹668.30
52W Low
₹333.80

Price-based figures as of 13 Oct 2026, 15:31 IST · EPS basis: Standalone · TTM

Peer Comparison

Consumer Discretionary › Consumer Goods › Household Appliances

₹1,762.4065.541,19,627 Cr15.610.00%21.98%27.64%25,927 Cr1,825 Cr
₹1,036.1076.3034,283 Cr5.380.39%5.78%9.26%15,081 Cr442 Cr
₹1,580.0063.7932,487 Cr9.470.54%15.36%20.90%12,895 Cr510 Cr
₹6,638.00243.5123,411 Cr5.350.00%3.90%7.70%12,827 Cr124 Cr
₹212.02—13,652 Cr4.601.46%-6.72%-0.94%8,396 Cr-229 Cr
₹290.5534.7512,695 Cr5.350.52%12.99%16.02%6,340 Cr364 Cr
₹799.9540.4410,149 Cr2.440.61%7.10%9.01%8,553 Cr252 Cr
₹517.5036.687,088 Cr3.581.46%7.95%10.84%3,252 Cr190 Cr
Eureka Forbes (this company)
₹341.2537.256,605 Cr1.440.00%3.54%4.02%2,845 Cr177 Cr
₹1,912.001,118.135,199 Cr10.391.82%-0.57%1.87%2,964 Cr5 Cr
Median 10 companies₹918.0363.7913,173 Cr5.350.53%6.44%9.14%8,474 Cr221 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100. How it works →

As of 2026-10-12
v2.0.0
36 Poor
Overall score
Data confidence 100/100
pledge:54%

Category scores

Quality Weak 43
Returns, margins, earnings quality 22%
Valuation Average 45
Cheap vs sector & own history 24%
Growth Average 47
Sales & profit trajectory 9%
Financial Health Strong 67
Solvency, leverage, coverage 9%
Momentum Poor 11
Trend strength, vol-adjusted 12%
Ownership Average 51
FII/DII/promoter flows 24%

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

2
  • Company is almost debt free.
  • Company has delivered good profit growth of 160% CAGR over last 5 years

Weaknesses

4
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 3.46% over last 3 years.
  • Promoters have pledged 53.7% of their holding.
  • Promoter holding has decreased over last 3 years: -10.0%

Technical Indicators

Oscillators

BearishNeutralBullish

Bullish

Bearish
2
Neutral
3
Bullish
4

Overall

BearishNeutralBullish

Bearish

Bearish
12
Neutral
3
Bullish
4

Moving Averages

BearishNeutralBullish

Bearish

Bearish
10
Neutral
0
Bullish
0
Analyst Rating
Based on 14 analysts
BUY SHARE100%

14 of 14 analysts rate Buy, 0 Hold, 0 Sell.

Updated 13 Oct 2026

BUY
14
100%
HOLD
0
0%
SELL
0
0%

Growth Rate

Revenue Growth
11.47% higher than 3Y

change over 1 year

Net Income Growth
-1.09% lower than 3Y

change over 1 year

Cash Flow Change
1.71%

change over 1 year

EBITDA Margin Change
7.87%

change over 1 year Operating margin 10% · Jun 2026

AI Analysis — Bull vs Bear

Generated 31 Jul 2026
AI opinion · based on fundamentals
Risk high

Eureka Forbes Ltd trades at a market cap of ₹8,685 Cr with a PE of 53.5x and near-zero debt. The company has shown strong profit growth (160% CAGR over 5 years) but generates a low return on equity of ~3.5% over 3 years, while promoters have pledged 53.7% of their holding.

Bull Case 7
  • Company is almost debt free, providing financial flexibility and low interest burden
  • Compounded profit growth of 160% CAGR over 5 years indicates rapid earnings expansion from a low base
  • TTM sales growth of 11% shows continued revenue momentum in the consumer goods segment
  • TTM profit growth of 23% outpaces sales growth, suggesting improving operating leverage
  • 3-year compounded profit CAGR of 89% demonstrates sustained earnings recovery trajectory
  • ROE improved to 4% in the last year from a 3-year average of 3%, indicating gradual profitability improvement
  • Price-to-book ratio of 1.89x is relatively moderate for a consumer brand franchise
Bear Case 8
  • Promoters have pledged 53.7% of their holding, creating significant overhang and forced-selling risk
  • Promoter holding has decreased by 10% over the last 3 years, signaling potential lack of confidence
  • PE of 53.5x is elevated given the low ROE of 3.46% over 3 years, implying the stock prices in substantial future improvement
  • 3-year ROE of only 3% and 10-year ROE of 2% indicate structurally poor capital efficiency
  • Zero dividend payout despite reporting repeated profits, offering no income return to shareholders
  • Stock price CAGR of -19% over 1 year and -6% over 3 years shows persistent market underperformance
  • 5-year compounded sales CAGR of 222% is likely distorted by corporate restructuring rather than organic growth
  • Market cap of ₹8,685 Cr on thin profitability metrics raises valuation sustainability concerns

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

71d ago
Headwinds 1
  • Major promoter share pledge Jul 31

    Lunolux Limited pledged an additional 11.4M Eureka Forbes shares due to collateral shortfall, raising total encumbrance to 39.47% of holdings. High promoter pledging increases risk of forced selling if share price declines.

Neutral 1
  • AGM scheduled for Aug 19 Jul 20

    Eureka Forbes will hold its 17th AGM on August 19, 2026 via video conferencing at 12:00 Noon IST. Routine corporate governance event with no unusual agenda flagged.

TL;DR: Eureka Forbes faces elevated promoter pledging risk with nearly 40% of Lunolux's stake now encumbered due to a collateral shortfall, which signals financial stress at the promoter level. No operational positives or growth catalysts emerged in recent news flow. The AGM on Aug 19 may provide more clarity on business direction. The trend is cautious given rising pledge levels without offsetting positive developments.

Analyst Forecasts

Forecast For
Sep 26 consensus · EBITDA
₹113 Cr +17.2% vs Jun 26
Reported High Mean Low

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
505
592
539
553
553
673
598
613
608
773
645
684
701
Expenses
459
541
496
500
498
601
539
535
546
678
578
599
633
Operating Profit
46
51
42
53
55
72
59
78
61
96
67
85
67
OPM %
9%
9%
8%
10%
10%
11%
10%
13%
10%
12%
10%
12%
10%
Other Income
2
2
3
-13
2
6
4
6
7
6
-35
5
27
Interest
3
3
2
2
2
2
1
1
1
2
3
2
1
Depreciation
13
13
13
14
14
14
15
15
16
16
17
20
19
PBT
31
37
30
24
42
62
47
68
52
83
12
68
74
Tax %
29%
31%
25%
12%
25%
25%
26%
25%
25%
26%
27%
25%
26%
Net Profit
22
25
23
21
31
47
35
51
39
62
9
51
55
EPS (₹)
1.14
1.32
1.17
1.11
1.61
2.41
1.8
2.62
1.99
3.18
0.47
2.64
2.87
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
0
28
33
27
26
16
8
381
2,080
2,189
2,436
2,710
2,804
Expenses
0
28
32
27
26
16
9
363
1,949
1,997
2,173
2,400
2,488
Operating Profit
0
1
2
-1
0
0
-1
18
132
192
263
310
316
OPM %
—
2.2%
4.7%
-3.1%
-1.2%
-0.5%
-17%
4.7%
6%
9%
11%
11%
11%
Other Income
0
0
0
0
0
0
0
2
-30
-7
19
-18
2
Interest
0
0
1
0
0
0
0
4
20
10
6
8
8
Depreciation
0
0
0
0
0
0
0
9
55
53
58
69
72
PBT
0
0
1
-1
-1
-1
-2
7
27
122
219
216
238
Tax %
—
-8%
8%
9%
-9%
56%
1%
59%
37%
25%
25%
26%
—
Net Profit
0
0
1
-1
-1
-1
-2
3
17
92
163
160
177
EPS (₹)
0
0.5
2.62
-4.7
-2.48
-1.84
-3.38
0.14
0.88
4.73
8.44
8.28
9.16
Div. Payout %
—
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
0.05
3
3
3
3
5
5
193
193
193
193
193
Reserves
0
-1
0
-2
-2
-3
-5
3,874
3,886
4,010
4,191
4,380
Borrowings
0
4
4
4
4
2
2
253
139
39
26
29
Other Liabilities
0
12
12
9
9
7
5
1,815
1,810
1,878
1,899
2,100
Total Liabilities
0
18
18
14
14
10
7
6,135
6,029
6,120
6,310
6,702
Fixed Assets
0
1
0
0
0
0
0
5,498
5,475
5,457
5,466
5,504
CWIP
0
0
0
0
0
0
0
0
2
1
2
7
Investments
0
0
0
0
0
0
0
87
101
80
84
88
Other Assets
0
17
18
14
14
10
7
550
451
582
758
1,103
Total Assets
0
18
18
14
14
10
7
6,135
6,029
6,120
6,310
6,702
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
—
—
—
—
—
1
0
37
171
195
226
242
Investing
—
—
—
—
—
0
0
7
-22
-35
-168
-175
Financing
—
—
—
—
—
-1
0
-31
-150
-117
-43
-22
Net Cash Flow
—
—
—
—
—
-1
0
13
-1
43
14
45
Free Cash Flow
—
—
—
—
—
1
0
33
160
169
170
157
CFO/OP
—
—
—
—
—
-1,200
11
212
133
101
83
78
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
—
156
141
107
110
63
110
147
22
23
27
31
Inventory Days
—
34
21
37
33
90
109
638
91
99
90
119
Days Payable
—
164
153
137
143
159
256
549
99
89
69
75
Cash Conversion Cycle
—
26
10
7
1
-7
-37
235
14
33
48
76
Working Capital Days
—
37
34
31
-48
-33
-105
-546
-103
-87
-71
-54
ROCE %
—
20%
24%
-12%
-5%
-4%
-58%
0%
2%
3%
5%
6%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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Shareholding Pattern

Others5.14%Govt.0.62%Promot.62.55%DIIs6.70%Public11.75%FIIs13.25%As ofJun 2026
53.66% of promoter holding pledged as of Jun 2026

Documents

Frequently Asked Questions about Eureka Forbes

What does Eureka Forbes Ltd do?
Eureka Forbes Limited is India’s leading health and hygiene brand. Its product portfolio encompasses water purification, vacuum cleaning and air purification.[1]
Where is Eureka Forbes Ltd (EUREKAFORB) listed?
Eureka Forbes Ltd trades as EUREKAFORB on the NSE and under code 543482 on the BSE.
Which sector does Eureka Forbes Ltd belong to?
Eureka Forbes Ltd is classified under the Consumer Goods sector, in the Household Appliances industry.
What is the market capitalisation of Eureka Forbes Ltd?
Eureka Forbes Ltd has a market capitalisation of ₹6,605 Cr as of 13 Oct 2026, which places it in the Mid Cap band.
What is the PE ratio of Eureka Forbes Ltd?
Eureka Forbes Ltd trades at a PE ratio of 37.25 as of 13 Oct 2026, on earnings per share of ₹9.16, against a book value of ₹237.6 per share.
What is the 52-week high and low of Eureka Forbes Ltd?
Over the last 52 weeks Eureka Forbes Ltd has traded between ₹333.8 and ₹668.3 as of 13 Oct 2026.
What is the Return on Equity (ROE) of Eureka Forbes Ltd?
Eureka Forbes Ltd reported a return on equity of 3.54%. Its debt-to-equity ratio is 0.01.

Company Information

Eureka Forbes Limited is India’s leading health and hygiene brand. Its product portfolio encompasses water purification, vacuum cleaning and air purification.[1]

CEO Mr. Pratik Rashmikant Pota BE, PGDM
Employees 2,721
Listed 2022-03-16
Face Value ₹ 10
Shares Outstanding 19,35,49,186

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