Eureka Forbes Ltd
Eureka Forbes Limited is India’s leading health and hygiene brand. Its product portfolio encompasses water purification, vacuum cleaning and air purification.[1]
- Market Cap ₹ 12,425 Cr.
- Current Price ₹ 642
- High / Low ₹ 668 / 452
- Stock P/E 67.5
- Book Value ₹ 232
- Dividend Yield 0.00 %
- ROCE 5.04 %
- ROE 3.69 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 183% CAGR over last 5 years
Cons
- Stock is trading at 2.80 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 2.30% over last 3 years.
- Promoters have pledged or encumbered 53.7% of their holding.
- Promoter holding has decreased over last 3 years: -10.7%
* 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | 28 | 33 | 27 | 26 | 16 | 8 | 381 | 2,080 | 2,189 | 2,436 | 2,592 | |
| 0 | 0 | 28 | 32 | 27 | 26 | 16 | 9 | 363 | 1,949 | 1,997 | 2,173 | 2,298 | |
| Operating Profit | 0 | 0 | 1 | 2 | -1 | -0 | -0 | -1 | 18 | 132 | 192 | 263 | 293 |
| OPM % | 2% | 5% | -3% | -1% | -0% | -17% | 5% | 6% | 9% | 11% | 11% | ||
| 0 | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 2 | -30 | -7 | 19 | 24 | |
| Interest | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 4 | 20 | 10 | 6 | 6 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9 | 55 | 53 | 58 | 62 |
| Profit before tax | 0 | 0 | 0 | 1 | -1 | -1 | -1 | -2 | 7 | 27 | 122 | 219 | 250 |
| Tax % | -8% | 8% | 9% | -9% | 56% | 1% | 59% | 37% | 25% | 25% | |||
| 0 | 0 | 0 | 1 | -1 | -1 | -1 | -2 | 3 | 17 | 92 | 163 | 186 | |
| 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 | 9.59 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 172% |
| 3 Years: | 86% |
| TTM: | 12% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 183% |
| 3 Years: | 294% |
| TTM: | 41% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 12% |
| 1 Year: | 6% |
| Return on Equity | |
|---|---|
| 10 Years: | 2% |
| 5 Years: | 2% |
| 3 Years: | 2% |
| Last Year: | 4% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.05 | 0.05 | 3 | 3 | 3 | 3 | 5 | 5 | 193 | 193 | 193 | 193 | 193 |
| Reserves | -0 | -0 | -1 | -0 | -2 | -2 | -3 | -5 | 3,874 | 3,886 | 4,010 | 4,191 | 4,302 |
| 0 | 0 | 4 | 4 | 4 | 4 | 2 | 2 | 253 | 139 | 39 | 26 | 91 | |
| 0 | 0 | 12 | 12 | 9 | 9 | 7 | 5 | 1,815 | 1,810 | 1,878 | 1,899 | 2,176 | |
| Total Liabilities | 0 | 0 | 18 | 18 | 14 | 14 | 10 | 7 | 6,135 | 6,029 | 6,120 | 6,310 | 6,762 |
| 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 5,498 | 5,475 | 5,457 | 5,466 | 5,486 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 1 | 2 | 4 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 87 | 101 | 80 | 84 | 86 |
| 0 | 0 | 17 | 18 | 14 | 14 | 10 | 7 | 550 | 451 | 582 | 758 | 1,185 | |
| Total Assets | 0 | 0 | 18 | 18 | 14 | 14 | 10 | 7 | 6,135 | 6,029 | 6,120 | 6,310 | 6,762 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2013 | Mar 2015 | 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 2013 | Mar 2015 | 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 | -48 | -33 | -105 | -546 | -103 | -87 | -71 | ||
| ROCE % | 0% | 20% | 24% | -12% | -5% | -4% | -58% | 0% | 2% | 3% | 5% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Investor Presentation
27 Nov - Presentation to be made by the Company at its Investor Day scheduled for today i.e. Thursday, November 27, 2025
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
20 Nov - Transcript of Earnings call held on November 14, 2025
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Announcement under Regulation 30 (LODR)-Credit Rating
19 Nov - CARE upgraded Eureka Forbes’ long-term facilities to CARE AA; Stable for INR 338.75 crore; issuer rating upgraded.
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Announcement Under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
14 Nov - Audio recording of Q2 FY26 analysts/investors conference call uploaded on November 14, 2025.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
14 Nov - Copies of Newspaper Advertisement pertaining to the Financial Results of the Company for the Quarter and Half Year ended September 30, 2025 published in Financial …
Annual reports
Concalls
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Nov 2025Transcript PPT REC
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Nov 2025TranscriptNotesPPT
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Aug 2025Transcript PPT
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May 2025Transcript PPT REC
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May 2025TranscriptNotesPPTREC
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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
Leadership[1]
EFL is the market leader in water purifiers and vacuum cleaners segments with a market share of over 40% and 60% respectively.