Eureka Forbes Ltd

Eureka Forbes Ltd

₹ 484 -1.33%
19 Jul 4:01 p.m.
About

Eureka Forbes Limited (EFL) is a part of the private equity firm advent which was bought from Shapoorjipallonji group company forbes LTD . Company is engaged in the health & hygiene segment with product profiles comprising water purifiers, vacuum cleaners, air purifiers, and home security systems.[1]

Key Points

Flagship Products[1]
Aquaguard is the award-winning water purifier brand of Eureka Forbes. The Forbes vacuum cleaners are market leaders of the company and remain as #1 vacuum cleaner brand in 2020-21. Other products under the Eureka Forbes umbrella include Dr. Aeroguard, Forbes Health Conditioner, and Air purifiers.

  • Market Cap 9,354 Cr.
  • Current Price 484
  • High / Low 588 / 397
  • Stock P/E 91.8
  • Book Value 217
  • Dividend Yield 0.00 %
  • ROCE 3.48 %
  • ROE 2.46 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 172% CAGR over last 5 years
  • Debtor days have improved from 63.7 to 22.9 days.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 1.29% over last 3 years.
  • Promoters have pledged 53.7% of their holding.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
3 1 3 3 373 525 575 472 508 505 592 539 553
4 1 3 5 354 482 575 431 461 459 541 496 500
Operating Profit -1 -0 0 -2 20 43 0 41 47 46 51 42 53
OPM % -26% -12% 2% -49% 5% 8% 0% 9% 9% 9% 9% 8% 10%
0 0 -0 0 2 1 -15 -10 -5 2 2 3 -13
Interest 0 0 0 0 4 6 6 4 3 3 3 2 2
Depreciation 0 0 0 0 9 13 16 13 13 13 13 13 14
Profit before tax -1 -0 0 -2 9 24 -36 13 26 31 37 30 24
Tax % 0% 0% 6% 45% 27% -26% 25% 37% 29% 31% 25% 12%
-1 -0 -0 -2 5 18 -27 10 16 22 25 23 21
EPS in Rs -1.74 -0.39 -0.02 -3.77 0.25 0.92 -1.39 0.51 0.84 1.14 1.32 1.17 1.11
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0 0 28 33 27 26 16 8 381 2,080 2,189
0 0 28 32 27 26 16 9 363 1,949 1,997
Operating Profit 0 0 1 2 -1 -0 -0 -1 18 132 192
OPM % 2% 5% -3% -1% -0% -17% 5% 6% 9%
0 0 0 -0 0 0 0 0 2 -30 -7
Interest 0 0 0 1 0 0 0 0 4 20 10
Depreciation 0 0 0 0 0 0 0 0 9 55 53
Profit before tax 0 0 0 1 -1 -1 -1 -2 7 27 122
Tax % -8% 8% 9% -9% 56% 1% 59% 37% 25%
0 0 0 1 -1 -1 -1 -2 3 17 92
EPS in Rs 0.00 0.00 0.50 2.62 -4.70 -2.48 -1.84 -3.38 0.14 0.88 4.73
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 143%
3 Years: 553%
TTM: 5%
Compounded Profit Growth
10 Years: %
5 Years: 172%
3 Years: 301%
TTM: 262%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -6%
Return on Equity
10 Years: %
5 Years: 1%
3 Years: 1%
Last Year: 2%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 0 0 3 3 3 3 5 5 193 193 193
Reserves -0 -0 -1 -0 -2 -2 -3 -5 3,874 3,886 4,010
0 0 4 4 4 4 2 2 253 139 39
0 0 12 12 9 9 7 5 1,815 1,810 1,878
Total Liabilities 0 0 18 18 14 14 10 7 6,135 6,029 6,120
0 0 1 0 0 0 0 0 5,498 5,475 5,458
CWIP 0 0 0 0 0 0 0 0 0 2 0
Investments 0 0 0 0 0 0 0 0 87 101 80
0 0 17 18 14 14 10 7 550 451 582
Total Assets 0 0 18 18 14 14 10 7 6,135 6,029 6,120

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1 0 37 171 195
0 0 7 -22 -35
-1 -0 -31 -150 -117
Net Cash Flow -1 -0 13 -1 43

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 156 141 107 110 63 110 147 22 23
Inventory Days 34 21 37 33 90 109 638 91 99
Days Payable 164 153 137 143 159 256 549 99 89
Cash Conversion Cycle 26 10 7 1 -7 -37 235 14 33
Working Capital Days 37 34 31 15 1 -35 -357 -84 -72
ROCE % 0% 24% -12% -5% -4% -58% 0% 2% 3%

Shareholding Pattern

Numbers in percentages

4 Recently
Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
73.85% 73.33% 73.23% 73.23% 72.56% 72.56% 72.56% 72.56% 62.56% 62.56%
11.53% 11.50% 11.55% 11.54% 10.94% 10.76% 10.61% 10.76% 16.01% 13.21%
0.68% 0.79% 1.22% 1.48% 1.87% 2.73% 3.45% 4.00% 5.64% 6.30%
0.86% 0.86% 0.86% 0.86% 0.86% 0.86% 0.86% 0.86% 0.86% 0.86%
13.08% 13.52% 13.15% 12.90% 13.79% 13.10% 12.53% 11.83% 14.93% 17.08%
No. of Shareholders 13,34513,72714,76114,36914,11814,83615,83821,84326,75128,115

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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