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 ₹ 11,751 Cr.
- Current Price ₹ 608
- High / Low ₹ 656 / 428
- Stock P/E 73.6
- 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 2.68 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
Consumer Discretionary Consumer Durables Consumer Durables Household 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: | 38% |
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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Intimation Of Schedule Of Analyst/Institutional Investor Meeting Under Regulation 30 Of SEBI LODR
7 Jun - Eureka Forbes to hold non-deal roadshow with Nomura on June 11, 2025 in Mumbai.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
26 May - Eureka Forbes files Annual Secretarial Compliance Report; minor delay in analyst meet intimation noted.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
22 May - Transcript of the Earnings call held with Analysts / Investors on May 16, 2025
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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.
Annual reports
Concalls
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May 2025TranscriptPPTREC
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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.