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Eureka Forbes Ltd

(EUREKAFORB)

₹589.41.68%

as on 04:01PM, 26 Dec 2024

Overview
News
Financials
Q2 2024 Results
Technicals

Eureka Forbes Ltd Analyst Rating

based on 5 analysts

BUY

60.00%

Buy

40.00%

Hold

0.00%

Sell

Based on 5 analysts offering long term price targets for Eureka Forbes Ltd. An average target of ₹661.6

Source: S&P Global Market Intelligence

Eureka Forbes Ltd Share analysis

Eureka Forbes Ltd price forecast by 5 analysts

Upside of14.14%

High

₹750

Target

₹661.60

Low

₹586

Eureka Forbes Ltd target price ₹661.6, a slight upside of 14.14% compared to current price of ₹589.4. According to 5 analysts rating.

Source: S&P Global Market Intelligence

Eureka Forbes Ltd Performance

  • Day's Low

    Day's High

    ₹578.1
    Day's Price Range
    ₹596.6
  • 52 Week's Low

    52 Week's High

    ₹493.25
    52-Week Price Range
    ₹648
1 Month Return-0.85 %
3 Month Return+ 4.91 %
1 Year Return+ 7.08 %
Previous Close₹579.65
Open₹587.95
Volume1.94L
Upper Circuit-
Lower Circuit-
Market Cap₹11,209.92Cr

Eureka Forbes Ltd Key Statistics

P/E Ratio90.15
PEG Ratio38.2
Market Cap₹11,209.92 Cr
P/B Ratio2.1
EPS4.94
Dividend Yield0
SectorConsumer Durables
ROE2.45

Eureka Forbes Ltd Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
BUY₹11,209.92 Cr4.65%0.52₹95 Cr₹2,189 Cr
BUY₹2,216.99 Cr58.41%0.69₹58 Cr₹683 Cr
NA₹57.71 Cr33.45%0.79NANA
NA₹349.23 Cr1063.21%0.84NANA
NA₹190.30 Cr0.51%0.80NANA

About Eureka Forbes Ltd

Founded in Nov 2008 as Forbes Water Limited and later changed to Eureka Forbes Limited in 2022, Eureka Forbes Limited is a leading retail brand in India for health, hygiene and safety solutions. They provide a range of products from vacuum cleaners, water filter cum purifiers, water and waste water treatment plants, and digital security systems, to air conditioners and small household appliances. The company has a strong network of distribution and after sale service centers for their products. In 2015-16, Radiant Energy Systems Private Limited and Waterwings Equipments Private Limited merged with then Forbes Enviro Solutions Private Limited (later changed to Eureka Forbes Ltd), which increased their capability to manufacture 1.15 million units of multiple categories like water purifiers, vacuum cleaners etc. In 2020-21, the company launched its flagship air purifier PRO 1000 and PRO 1000H for disinfection efficiency.

Share Price: ₹589.40 per share as on 26 Dec, 2024 04:01 PM
Market Capitalisation: ₹11,209.92Cr as of today
Revenue: ₹673.14Cr as on September 2024 (Q3 24)
Net Profit: ₹47.74Cr as on September 2024 (Q3 24)
Listing date: 11 Sep, 2024
Chairperson Name: Arvind Uppal
OrganisationEureka Forbes Ltd
Headquarters
IndustryConsumer Durables
E-voting on sharesClick here to vote

Key events for Eureka Forbes Ltd

  • CRISIL Assigns AA- Rating to Eureka Forbes - 26 Dec, 2024

    CRISIL Ratings has assigned an 'AA-' corporate credit rating with a 'stable' outlook to Eureka Forbes, reflecting its strong market position in health and hygiene, solid financial profile, and efficient operations, despite facing intense competition in the consumer durables sector.
  • Mukherjea Profits from Eureka Forbes Share Sale - 18 Dec, 2024

    Mukherjea has sold shares of Eureka Forbes, realizing a 30% profit. The stock has shown a 31.78% return over the last six months, reflecting strong performance since its portfolio entry in March 2024.
  • Marcellus Exits Eureka Forbes Amid Competitive Challenges - 17 Dec, 2024

    Saurabh Mukherjea's Marcellus has exited Eureka Forbes due to competitive pressures in the water purifier market. Despite a 5.2% revenue increase to Rs 21.9 billion and a significant rise in net profit, the future prospects remain uncertain.
  • Saurabh Mukherjea Exits Eureka Forbes with Profit - 16 Dec, 2024

    Saurabh Mukherjea has exited Eureka Forbes after a 30% profit in nine months, citing increased competition in the water purifier market. The share price rise has limited expected returns.
  • Eureka Forbes Hits 52-Week High After Strong Earnings - 06 Dec, 2024

    Eureka Forbes shares surged to a 52-week high of ₹648, driven by an 85% profit increase in Q2 FY25 and strategic leadership changes. ICICI Securities maintains a 'BUY' rating with a target price of ₹735.

Insights on Eureka Forbes Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 6 months, EUREKAFORB stock has moved up by 26.6%

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 3 quarters, 21.39 Cr → 47.71 Cr (in ₹), with an average increase of 33.0% per quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 4 quarters, 542.5 Cr → 679.53 Cr (in ₹), with an average increase of 6.9% per quarter

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 2.76% to 3.11% in Sep 2024 quarter

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 17.09% to 17.29% in Sep 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Eco Recycling Ltd has given 162.0% return, outperforming this stock by 154.9%

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 62.56% of holdings in Sep 2024 quarter

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 13.21% to 12.62% in Sep 2024 quarter

Eureka Forbes Ltd Financials

Value in ₹ crore
DetailsQ'3 23Q'4 23Q'1 24Q'2 24Q'3 24
Revenue₹591.45Cr (-)₹539.43Cr (↓8.80%)₹553.56Cr (↑2.62%)₹553.38Cr (↓0.03%)₹673.14Cr (↑21.64%)
Net Income₹25.85Cr (-)₹22.97Cr (↓11.14%)₹21.38Cr (↓6.92%)₹32.16Cr (↑50.42%)₹47.74Cr (↑48.45%)
Net Profit Margin4.37% (-)4.26% (↓2.52%)3.86% (↓9.39%)5.81% (↑50.52%)7.09% (↑22.03%)
Value in ₹ crore
Details2021202220232024
Total Assets₹7.14Cr (-)₹6,147.34Cr (↑85,997.20%)₹6,044.25Cr (↓1.68%)₹6,138.51Cr (↑1.56%)
Total Liabilities₹7.00Cr (-)₹2,080.36Cr (↑29,619.43%)₹1,964.92Cr (↓5.55%)₹1,935.48Cr (↓1.50%)
Value in ₹ crore
Details20202021202220232024
Operating Cash Flow₹0.90Cr (-)₹0.09Cr (↓90.00%)₹37.17Cr (↑41,200.00%)₹171.05Cr (↑360.18%)₹195.20Cr (↑14.12%)

Eureka Forbes Ltd Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
62.56%
0.00
Foreign Institutions
12.62%
-4.45
Mutual Funds
3.11%
12.92
Retail Investors
17.29%
1.20
Others
4.42%
0.63

Eureka Forbes Ltd Key Indicators

Details202220232024
Book Value Per Share (₹)210.67211.79218.4
Details202220232024
Earning Per Share (₹)0.141.374.94
Details202220232024
Return On Equity %0.140.692.45
Details202220232024
Return On Assets %0.040.441.56

Eureka Forbes Ltd Valuation

Eureka Forbes Ltd in the last 5 years

  • Overview

  • Trends

Lowest (-388.43x)

September 13, 2022

Industry (-197.50x)

December 24, 2024

Today (90.15x)

December 24, 2024

Highest (430.95x)

June 20, 2023

LowHigh

Eureka Forbes Ltd Earnings and Dividends

  • Eureka Forbes Ltd Earnings Results

    Eureka Forbes Ltd’s net profit jumped 84.71% since last year same period to ₹47.71Cr in the Q2 2024-2025. On a quarterly growth basis, Eureka Forbes Ltd has generated 48.4% jump in its net profits since last 3-months.

    Read More about Earnings Results

Eureka Forbes Ltd Technicals Summary

Bearish

Neutral

Bullish

Bullish

Eureka Forbes Ltd is currently in a Bullish trading position according to technical analysis indicators.

FAQs on Eureka Forbes Ltd

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Eureka Forbes Ltd (EUREKAFORB) share price today is ₹589.4

Eureka Forbes Ltd is listed on NSE

Eureka Forbes Ltd is listed on BSE

  • Today’s highest price of Eureka Forbes Ltd is ₹596.6.
  • Today’s lowest price of Eureka Forbes Ltd is ₹578.1.

PE Ratio of Eureka Forbes Ltd is 90.15

PE ratio = Eureka Forbes Ltd Market price per share / Eureka Forbes Ltd Earnings per share

Today’s traded volume of Eureka Forbes Ltd(EUREKAFORB) is 1.94L.

Today’s market capitalisation of Eureka Forbes Ltd(EUREKAFORB) is ₹11209.92Cr.

Eureka Forbes Ltd(EUREKAFORBPrice
52 Week High
₹648
52 Week Low
₹493.25

Eureka Forbes Ltd(EUREKAFORB) share price is ₹589.4. It is down -9.04% from its 52 Week High price of ₹648

Eureka Forbes Ltd(EUREKAFORB) share price is ₹589.4. It is up 19.49% from its 52 Week Low price of ₹493.25

Eureka Forbes Ltd(EUREKAFORBReturns
1 Day Returns
9.75%
1 Month Returns
-0.85%
3 Month Returns
4.91%
1 Year Returns
7.08%