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 ₹ 9,167 Cr.
- Current Price ₹ 473
- High / Low ₹ 668 / 355
- Stock P/E 48.2
- Book Value ₹ 236
- Dividend Yield 0.00 %
- ROCE 5.86 %
- ROE 4.24 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 160% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 3.48% over last 3 years.
- Promoters have pledged 53.7% of their holding.
- Promoter holding has decreased over last 3 years: -10.0%
* 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 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 28 | 33 | 27 | 26 | 16 | 8 | 381 | 2,080 | 2,189 | 2,436 | 2,710 | |
| 0 | 28 | 32 | 27 | 26 | 16 | 9 | 363 | 1,949 | 1,997 | 2,173 | 2,401 | |
| Operating Profit | 0 | 1 | 2 | -1 | -0 | -0 | -1 | 18 | 132 | 192 | 263 | 310 |
| OPM % | 2% | 5% | -3% | -1% | -0% | -17% | 5% | 6% | 9% | 11% | 11% | |
| 0 | 0 | -0 | 0 | 0 | 0 | 0 | 2 | -30 | -7 | 19 | -17 | |
| Interest | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 4 | 20 | 10 | 6 | 8 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9 | 55 | 53 | 58 | 69 |
| Profit before tax | 0 | 0 | 1 | -1 | -1 | -1 | -2 | 7 | 27 | 122 | 219 | 216 |
| Tax % | -8% | 8% | 9% | -9% | 56% | 1% | 59% | 37% | 25% | 25% | 26% | |
| 0 | 0 | 1 | -1 | -1 | -1 | -2 | 3 | 17 | 92 | 163 | 160 | |
| EPS in Rs | 0.00 | 0.50 | 2.62 | -4.70 | -2.48 | -1.84 | -3.38 | 0.14 | 0.88 | 4.73 | 8.44 | 8.28 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 58% |
| 5 Years: | 222% |
| 3 Years: | 9% |
| TTM: | 11% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 106% |
| 5 Years: | 160% |
| 3 Years: | 89% |
| TTM: | 20% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 9% |
| 1 Year: | -24% |
| Return on Equity | |
|---|---|
| 10 Years: | 3% |
| 5 Years: | 3% |
| 3 Years: | 3% |
| Last Year: | 4% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.05 | 3 | 3 | 3 | 3 | 5 | 5 | 193 | 193 | 193 | 193 | 193 |
| Reserves | -0 | -1 | -0 | -2 | -2 | -3 | -5 | 3,874 | 3,886 | 4,010 | 4,191 | 4,380 |
| 0 | 4 | 4 | 4 | 4 | 2 | 2 | 253 | 139 | 39 | 26 | 29 | |
| 0 | 12 | 12 | 9 | 9 | 7 | 5 | 1,815 | 1,810 | 1,878 | 1,899 | 2,100 | |
| Total Liabilities | 0 | 18 | 18 | 14 | 14 | 10 | 7 | 6,135 | 6,029 | 6,120 | 6,310 | 6,702 |
| 0 | 1 | 0 | 0 | 0 | 0 | 0 | 5,498 | 5,475 | 5,457 | 5,466 | 5,511 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 1 | 2 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 87 | 101 | 80 | 84 | 88 |
| 0 | 17 | 18 | 14 | 14 | 10 | 7 | 550 | 451 | 582 | 758 | 1,103 | |
| Total Assets | 0 | 18 | 18 | 14 | 14 | 10 | 7 | 6,135 | 6,029 | 6,120 | 6,310 | 6,702 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 0 | 37 | 171 | 195 | 226 | 242 | ||||||
| 0 | 0 | 7 | -22 | -35 | -168 | -175 | ||||||
| -1 | -0 | -31 | -150 | -117 | -43 | -22 | ||||||
| Net Cash Flow | -1 | -0 | 13 | -1 | 43 | 14 | 45 | |||||
| Free Cash Flow | 1 | 0 | 33 | 160 | 169 | 170 | 157 | |||||
| CFO/OP | -1,200% | 11% | 212% | 133% | 101% | 83% | 78% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 156 | 141 | 107 | 110 | 63 | 110 | 147 | 22 | 23 | 27 | 31 | |
| Inventory Days | 34 | 21 | 37 | 33 | 90 | 109 | 638 | 91 | 99 | 87 | 121 | |
| Days Payable | 164 | 153 | 137 | 143 | 159 | 256 | 549 | 99 | 89 | 67 | 76 | |
| Cash Conversion Cycle | 26 | 10 | 7 | 1 | -7 | -37 | 235 | 14 | 33 | 47 | 77 | |
| Working Capital Days | 37 | 34 | 31 | -48 | -33 | -105 | -546 | -103 | -87 | -71 | -46 | |
| ROCE % | 20% | 24% | -12% | -5% | -4% | -58% | 0% | 2% | 3% | 5% | 6% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Customer Database / Active Customer Relationships Million |
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| Number of Pin Codes Covered Count |
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| Retail Outlets Presence Count |
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| App Monthly Active Users (MAU) Million |
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| Frontline Team Strength Count |
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| Number of Service Technicians Count |
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| Active Dealers/Distributors Count |
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| Top of Mind Awareness (Aquaguard) % |
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| Water Purifier SKUs Count |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
41m - Audio recording of analyst/investor conference call held on May 20, 2026 uploaded to company website.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
4h - The copies of Newspaper Advertisement pertaining to the Financial Results of the Company for the Quarter and Financial Year ended March 31, 2026 published in …
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Announcement under Regulation 30 (LODR)-Investor Presentation
1d - Please find the Investor Presentation for the Quarter and Financial Year ended March 31, 2026
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
1d - Eureka Forbes reports Q4 FY26 revenue up 11.6% and FY26 adjusted EBITDA margin at 12.2%.
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Announcement under Regulation 30 (LODR)-Change in Management
1d - Board approved audited Q4 and FY26 results, unmodified auditor opinion, and appointed auditors; Anurag Kumar gets additional e-commerce/D2C role.
Annual reports
Concalls
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May 2026TranscriptAI SummaryPPT
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Feb 2026Transcript PPT REC
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Nov 2025Transcript PPT REC
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Nov 2025TranscriptAI SummaryPPT
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Aug 2025Transcript PPT
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May 2025TranscriptPPTREC
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May 2025TranscriptPPT 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 2024TranscriptAI SummaryPPT
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Feb 2024Transcript PPT
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Feb 2024TranscriptAI SummaryPPT
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Nov 2023Transcript PPT
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Nov 2023TranscriptAI SummaryPPT
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Aug 2023Transcript PPT
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Aug 2023TranscriptAI SummaryPPT
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Jun 2023Transcript PPT REC
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Feb 2023TranscriptAI SummaryPPT
Leadership[1]
EFL is the market leader in water purifiers and vacuum cleaners segments with a market share of over 40% and 60% respectively.