Eureka Forbes Ltd
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]
- Market Cap ₹ 12,146 Cr.
- Current Price ₹ 628
- High / Low ₹ 648 / 397
- Stock P/E 76.1
- Book Value ₹ 227
- Dividend Yield 0.00 %
- ROCE 5.07 %
- ROE 3.72 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 183% CAGR over last 5 years
Cons
- Stock is trading at 2.77 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 2.31% over last 3 years.
- Promoters have pledged 53.7% of their holding.
- Promoter holding has decreased over last 3 years: -11.3%
* 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.
Peer comparison
Sector: Consumer Durables Industry: Domestic Appliances
Part of Nifty Microcap 250 Nifty Total Market
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
0 | 0 | 28 | 33 | 27 | 26 | 16 | 8 | 381 | 2,080 | 2,189 | 2,436 | |
0 | 0 | 28 | 32 | 27 | 26 | 16 | 9 | 363 | 1,949 | 1,997 | 2,173 | |
Operating Profit | 0 | 0 | 1 | 2 | -1 | -0 | -0 | -1 | 18 | 132 | 192 | 263 |
OPM % | 2% | 5% | -3% | -1% | -0% | -17% | 5% | 6% | 9% | 11% | ||
0 | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 2 | -30 | -7 | 19 | |
Interest | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 4 | 20 | 10 | 6 |
Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9 | 55 | 53 | 58 |
Profit before tax | 0 | 0 | 0 | 1 | -1 | -1 | -1 | -2 | 7 | 27 | 122 | 219 |
Tax % | -8% | 8% | 9% | -9% | 56% | 1% | 59% | 37% | 25% | 25% | ||
0 | 0 | 0 | 1 | -1 | -1 | -1 | -2 | 3 | 17 | 92 | 163 | |
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 | 8.44 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 172% |
3 Years: | 86% |
TTM: | 11% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 183% |
3 Years: | 295% |
TTM: | 57% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 24% |
1 Year: | 41% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 2% |
3 Years: | 2% |
Last Year: | 4% |
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 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 0.05 | 0.05 | 3 | 3 | 3 | 3 | 5 | 5 | 193 | 193 | 193 | 193 |
Reserves | -0 | -0 | -1 | -0 | -2 | -2 | -3 | -5 | 3,874 | 3,886 | 4,010 | 4,191 |
0 | 0 | 4 | 4 | 4 | 4 | 2 | 2 | 253 | 139 | 39 | 26 | |
0 | 0 | 12 | 12 | 9 | 9 | 7 | 5 | 1,815 | 1,810 | 1,878 | 1,899 | |
Total Liabilities | 0 | 0 | 18 | 18 | 14 | 14 | 10 | 7 | 6,135 | 6,029 | 6,120 | 6,310 |
0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 5,498 | 5,475 | 5,457 | 5,468 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 1 | 0 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 87 | 101 | 80 | 84 |
0 | 0 | 17 | 18 | 14 | 14 | 10 | 7 | 550 | 451 | 582 | 758 | |
Total Assets | 0 | 0 | 18 | 18 | 14 | 14 | 10 | 7 | 6,135 | 6,029 | 6,120 | 6,310 |
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 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1 | 0 | 37 | 171 | 195 | 226 | |||||||
0 | 0 | 7 | -22 | -35 | -168 | |||||||
-1 | -0 | -31 | -150 | -117 | -43 | |||||||
Net Cash Flow | -1 | -0 | 13 | -1 | 43 | 14 |
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 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 156 | 141 | 107 | 110 | 63 | 110 | 147 | 22 | 23 | 27 | ||
Inventory Days | 34 | 21 | 37 | 33 | 90 | 109 | 638 | 91 | 99 | 87 | ||
Days Payable | 164 | 153 | 137 | 143 | 159 | 256 | 549 | 99 | 89 | 67 | ||
Cash Conversion Cycle | 26 | 10 | 7 | 1 | -7 | -37 | 235 | 14 | 33 | 47 | ||
Working Capital Days | 37 | 34 | 31 | 15 | 1 | -35 | -357 | -84 | -82 | -61 | ||
ROCE % | 0% | 24% | -12% | -5% | -4% | -58% | 0% | 2% | 3% | 5% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
17 May - Copies of Newspaper Advertisement pertaining to the Financial Results of the Company for the Quarter and Financial Year ended March 31, 2025 published in Financial …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
16 May - Audio recording of May 16, 2025 analyst conference call uploaded on company website.
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Announcement under Regulation 30 (LODR)-Investor Presentation
16 May - Investor Presentation for the quarter and Financial Year ended March 31, 2025
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
16 May - Eureka Forbes reports 11.3% revenue growth, 78% PAT increase, and 13% EBITDA margin in Q4 FY25.
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Announcement under Regulation 30 (LODR)-Change in Management
16 May - Eureka Forbes reports audited FY25 financials with profit growth; appoints new Chief Sales Officer and auditors.
Annual reports
Concalls
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May 2025TranscriptNotesPPTREC
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May 2025TranscriptNotesPPT REC
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Feb 2025Transcript PPT
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Nov 2024Transcript PPT
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Aug 2024Transcript PPT
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Jun 2024Transcript PPT REC
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May 2024TranscriptNotesPPT
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Feb 2024Transcript PPT
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Feb 2024TranscriptNotesPPT
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Nov 2023Transcript PPT
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Nov 2023TranscriptNotesPPT
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Aug 2023Transcript PPT
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Aug 2023TranscriptNotesPPT
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Jun 2023Transcript PPT REC
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Feb 2023TranscriptNotesPPT
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.