Eureka Forbes
Key Fundamentals
MicrocapHousehold AppliancesConsumer GoodsPrice-based figures as of 13 Oct 2026, 15:31 IST · EPS basis: Standalone · TTM
Peer Comparison
Consumer Discretionary › Consumer Goods › Household Appliances
| ₹1,762.40 | 65.54 | 1,19,627 Cr | 15.61 | 0.00% | 21.98% | 27.64% | 25,927 Cr | 1,825 Cr | |
| ₹1,036.10 | 76.30 | 34,283 Cr | 5.38 | 0.39% | 5.78% | 9.26% | 15,081 Cr | 442 Cr | |
| ₹1,580.00 | 63.79 | 32,487 Cr | 9.47 | 0.54% | 15.36% | 20.90% | 12,895 Cr | 510 Cr | |
| ₹6,638.00 | 243.51 | 23,411 Cr | 5.35 | 0.00% | 3.90% | 7.70% | 12,827 Cr | 124 Cr | |
| ₹212.02 | — | 13,652 Cr | 4.60 | 1.46% | -6.72% | -0.94% | 8,396 Cr | -229 Cr | |
| ₹290.55 | 34.75 | 12,695 Cr | 5.35 | 0.52% | 12.99% | 16.02% | 6,340 Cr | 364 Cr | |
| ₹799.95 | 40.44 | 10,149 Cr | 2.44 | 0.61% | 7.10% | 9.01% | 8,553 Cr | 252 Cr | |
| ₹517.50 | 36.68 | 7,088 Cr | 3.58 | 1.46% | 7.95% | 10.84% | 3,252 Cr | 190 Cr | |
| ₹341.25 | 37.25 | 6,605 Cr | 1.44 | 0.00% | 3.54% | 4.02% | 2,845 Cr | 177 Cr | |
| ₹1,912.00 | 1,118.13 | 5,199 Cr | 10.39 | 1.82% | -0.57% | 1.87% | 2,964 Cr | 5 Cr | |
| Median 10 companies | ₹918.03 | 63.79 | 13,173 Cr | 5.35 | 0.53% | 6.44% | 9.14% | 8,474 Cr | 221 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
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Category scores
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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
Bullish
Overall
Bearish
Moving Averages
Bearish
14 of 14 analysts rate Buy, 0 Hold, 0 Sell.
Updated 13 Oct 2026
Growth Rate
change over 1 year
change over 1 year
change over 1 year
change over 1 year Operating margin 10% · Jun 2026
AI Analysis — Bull vs Bear
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.
- 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
- 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
- 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.
- 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
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 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 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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60 extracted metrics + investor summaries across FY15–FY27.
Documents
Frequently Asked Questions about Eureka Forbes
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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]
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