Eureka Forbes
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Eureka Forbes share price

Eureka Forbes Ltd.

NSE: EUREKAFORB BSE: 543482 SECTOR: Consumer Durables - Domestic Appliances  18k   23   4

547.00
-10.25 (-1.84%)
BSE: Today, 04:01 PM

Price Summary

Today's High

₹ 560.5

Today's Low

₹ 542.35

52 Week High

₹ 648.4

52 Week Low

₹ 397.15

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationFair
The stock’s market price justifies its intrinsic value.
EfficiencyPoor
The company seems highly inefficient in case of asset management.
FinancialsVery Stable
The company possesses stable growth history and manageable debt.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

₹ 10583.31 Cr.

Enterprise Value

₹ 10516.5 Cr.

No. of Shares

19.35 Cr.

P/E

86.95

P/B

2.46

Face Value

₹ 10

Div. Yield

0 %

Book Value (TTM)

₹  221.93

CASH

₹ 91.74 Cr.

DEBT

₹ 24.92 Cr.

Promoter Holding

62.56 %

EPS (TTM)

₹  6.29

Sales Growth

5.23%

ROE

2.22 %

ROCE

3.14%

Profit Growth

436.11 %

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* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.

PE Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

PB Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

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* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

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Ratios

Sales Growth

1 Year5.23%
3 Year553.43%
5 Year142.84%

Profit Growth

1 Year436.11%
3 Year287.46%
5 Year166.2%

ROE%

1 Year2.22%
3 Year0.93%
5 Year-48.76%

ROCE %

1 Year3.14%
3 Year1.59%
5 Year-11.43%

Debt/Equity

0.006

Price to Cash Flow

54.22

Interest Cover Ratio

13.5959

CFO/PAT (5 Yr. Avg.)

3.71256366907068

Shareholding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2024 62.56 53.66
Jun 2024 62.56 53.66
Mar 2024 62.56 100.00
Dec 2023 72.56 100.00
Sep 2023 72.56 100.00
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 287.458060406893% for the Past 3 years.
  • The company has shown a good revenue growth of 553.432047326367% for the Past 3 years.
  • The company has significantly decreased its debt by 95.8829 Cr.
  • Company is virtually debt free.
  • Company has a healthy Interest coverage ratio of 13.5959.
  • Company’s PEG ratio is 0.19937108440847.
  • The company has an efficient Cash Conversion Cycle of -31.1193 days.
  • The company has a good cash flow management; CFO/PAT stands at 3.71256366907068.
  • The company has a strong degree of Operating leverage, Average Operating leverage stands at 11.9190372251439.

 Limitations

  • Company has a poor ROE of 0.925845747562884% over the past 3 years.
  • Company has a poor ROCE of 1.58579931961848% over the past 3 years
  • The company has a low EBITDA margin of 0.456631976608849% over the past 5 years.
  • The company is trading at a high PE of 86.95.
  • The company is trading at a high EV/EBITDA of 45.2722.
  • Promoter pledging is high as 53.66%.

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Net Sales 592.31 538.57 553.07 552.81 672.87
Total Expenditure 541.08 496.4 500.41 498.09 601.03
Operating Profit 51.23 42.17 52.65 54.72 71.83
Other Income 1.72 2.89 2.1 2.17 3.24
Interest 2.91 1.79 1.63 1.67 1.67
Depreciation 13.01 13.15 13.77 13.66 13.99
Exceptional Items 0 0 -15.15 0 3
Profit Before Tax 37.03 30.12 24.21 41.56 62.41
Tax 11.56 7.47 2.84 10.52 15.74
Profit After Tax 25.48 22.64 21.37 31.04 46.67
Adjusted EPS (Rs) 1.32 1.17 1.1 1.6 2.41

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 16.34 7.85 381 2080.42 2189.23
Total Expenditure 16.42 9.17 363.82 1948.74 1997.36
Operating Profit -0.08 -1.32 17.19 131.68 191.87
Other Income 0.05 0.04 3.03 10.42 8.53
Interest 0.4 0.2 4.34 19.86 9.72
Depreciation 0.14 0.14 8.98 55.28 53.12
Exceptional Items 0 0 0 -40.02 -15.15
Profit Before Tax -0.57 -1.62 6.9 26.94 122.4
Tax 0.32 0.01 4.09 9.86 30.83
Net Profit -0.89 -1.63 2.8 17.08 91.57
Adjusted EPS (Rs.) -1.85 -3.38 0.14 0.88 4.73

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 4.83 4.83 193.48 193.48 193.48
Total Reserves -3.07 -4.69 3873.5 3885.85 4009.55
Borrowings 0 0 49.36 24.66 0
Other N/C liabilities 0.03 0.02 970.24 951.76 950.11
Current liabilities 8.15 6.98 1048.59 973.21 967.07
Total Liabilities 9.93 7.14 6135.16 6028.96 6120.2
Assets
Net Block 0.24 0.17 5498.15 5474.74 5456.95
Capital WIP 0 0 0 0 0
Intangible WIP 0 0 0 2.46 1.22
Investments 0 0 25.25 25.25 25.25
Loans & Advances 2.31 1.7 45.71 39.18 37.56
Other N/C Assets 0.17 0.02 10.8 9.16 9.13
Current Assets 7.21 5.26 555.26 478.18 590.08
Total Assets 9.93 7.14 6135.16 6028.96 6120.2
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations -0.57 -1.62 6.9 26.94 122.4
Adjustment 0.66 0.58 12.69 119.06 106.89
Changes in Assets & Liabilities 0.87 0.9 18.19 28.76 -35.07
Tax Paid -0.06 0.23 -0.6 -3.71 0.97
Operating Cash Flow 0.9 0.09 37.17 171.05 195.2
Investing Cash Flow 0 0.17 7.01 -22.5 -34.57
Financing Cash Flow -1.47 -0.29 -30.96 -149.6 -117.47
Net Cash Flow -0.57 -0.03 13.22 -1.06 43.16

Corporate Actions

Investors Details

PARTICULARS Sep 2023% Dec 2023% Mar 2024% Jun 2024% Sep 2024%
promoters 72.56 72.56 62.56 62.56 62.56
lunolux limited 72.56 72.56 62.56 62.56 62.56
PARTICULARS Sep 2023% Dec 2023% Mar 2024% Jun 2024% Sep 2024%
investors 27.44 27.44 37.44 37.44 37.44
aditya birla sun life ins... - - - 1.70 2.06
antara india evergreen fu... 2.44 2.44 2.30 2.30 2.36
goldman sachs funds - gol... - - 1.54 1.61 1.70
hill fort india fund lp - - - 1.42 1.81
investor education and pr... 1.27 1.27 1.27 1.27 1.27
llp - 0.14 0.32 0.44 0.46
india discovery fund limi... 8.09 7.42 6.74 2.99 -
investor education and pr... - - 1.27 - -

Annual Reports

Ratings & Research Reports

Company Presentations

Company News

Eureka Forbes informs about changes in SMP 2 Dec, 9:56 AM Eureka Forbes informs about newspaper advertisement 8 Nov, 11:22 AM Eureka Forbes - Quaterly Results 7 Nov, 2:07 PM Eureka Forbes - Quaterly Results 7 Nov, 2:07 PM Eureka Forbes - Quaterly Results 7 Nov, 2:07 PM Eureka Forbes informs about press release 11 Sep, 3:25 PM Eureka Forbes informs about press release 27 Aug, 3:53 PM Eureka Forbes informs about AGM 26 Aug, 11:30 AM Eureka Forbes informs about loss of share certificate 17 Aug, 2:27 PM Eureka Forbes informs about press release and presentation 8 Aug, 4:53 PM Eureka Forbes - Quaterly Results 8 Aug, 2:53 PM Eureka Forbes - Quaterly Results 8 Aug, 2:53 PM Eureka Forbes - Quaterly Results 8 Aug, 2:53 PM Eureka Forbes informs about certificate 9 Jul, 11:31 AM Eureka Forbes informs about disclosure 6 Jul, 9:41 AM Eureka Forbes informs about disclosures 12 Jun, 1:11 PM Eureka Forbes informs about disclosure 12 Jun, 12:55 PM Eureka Forbes - Quaterly Results 28 May, 6:07 PM Eureka Forbes - Quaterly Results 28 May, 6:07 PM Eureka Forbes - Quaterly Results 28 May, 6:07 PM Eureka Forbes informs about disclosure 16 Mar, 3:53 PM Eureka Forbes informs about disclosure 23 Feb, 4:56 PM Eureka Forbes informs about press release & presentation 14 Feb, 2:26 PM Eureka Forbes informs about outcome of board meeting 14 Feb, 11:48 AM Eureka Forbes - Quaterly Results 14 Feb, 10:21 AM Eureka Forbes - Quaterly Results 14 Feb, 10:21 AM Eureka Forbes - Quaterly Results 14 Feb, 10:21 AM Eureka Forbes informs about certificate 9 Jan, 10:33 AM Eureka Forbes informs about transcript of earnings call 23 Nov, 12:47 PM Eureka Forbes informs about loss of share certificates 20 Nov, 3:24 PM Eureka Forbes informs about analyst meet 17 Nov, 5:22 PM Eureka Forbes informs about analyst meet 17 Nov, 5:21 PM Eureka Forbes informs about analyst meet 17 Nov, 4:53 PM Eureka Forbes - Quaterly Results 10 Nov, 7:03 PM Eureka Forbes - Quaterly Results 10 Nov, 7:03 PM Eureka Forbes informs about loss of share certificates 7 Sep, 2:24 PM Eureka Forbes - Quaterly Results 8 Aug, 4:32 PM Eureka Forbes - Quaterly Results 8 Aug, 4:32 PM Eureka Forbes - Quaterly Results 8 Aug, 4:32 PM Eureka Forbes informs about compliances-certificate 19 Jul, 1:12 PM Eureka Forbes informs about details of loss of certificate 12 Jul, 5:07 PM Eureka Forbes - Quaterly Results 29 May, 3:49 PM Eureka Forbes - Quaterly Results 29 May, 3:49 PM Eureka Forbes - Quaterly Results 29 May, 3:49 PM Eureka Forbes informs about PCS certificate 28 Apr, 4:57 PM Eureka Forbes informs about closure of trading window 1 Apr, 3:17 PM Eureka Forbes informs about loss of share certificate 16 Mar, 2:31 PM Eureka Forbes informs about meeting updates 14 Mar, 5:10 PM Eureka Forbes - Quaterly Results 14 Feb, 7:55 PM Eureka Forbes - Quaterly Results 14 Feb, 7:55 PM

Eureka Forbes Stock Price Analysis and Quick Research Report. Is Eureka Forbes an attractive stock to invest in?

 

The Consumer Durable sector in India has attracted significant investments over the years which resulted in increasing demand and also facilitated by the rise in disposable income. Indian Appliance and Consumer Electronics Industry’s market size was 21.49 billion USD in FY17 and is expected to be at 48.37 billion USD by FY22. The unorganized markets will provide scope for the rural markets to grow in fast paces because of the increase in the shift to organized markets.

The key growth drivers for the consumer durables sector are modernization, changing lifestyles, increasing awareness, rising incomes, convenient shopping options, etc. the relaxation by the government for FDI will also boost the sector.

Eureka Forbes is India’s famous brand in the consumer durable segment nationally and globally. Eureka Forbes stock price today is Rs 545.8. Let's study some key parameters of the company:

  • The net sales of the company is Rs 2189.2263 Cr. It has increased from the previous year sales of Rs 2080.4188 Cr. The sales growth of the company was poor at 5.2301 %.
     
  • The sales figure can be matched with inventory turnover to check whether it's justifiable or not. The turnover ratio for Eureka Forbes is 9.6244 times. Eureka Forbes efficiently manages its assets.
     
  • The PAT growth rate of 436.1091 % is good for the company. The net profit compared to the % of sales is known as PAT margin which is 4.1827 %.
     
  • The growth of EPS should ideally be around the PAT growth rate. For Eureka Forbes EPS growth rate is 436.101 % which is nearby the PAT growth rate . The Earning per share for the latest quarter is 2.4124 Rs.
     
  • Share Price: - The current share price of Eureka Forbes is Rs 545.8. One can use valuation calculators of ticker to know if Eureka Forbes share price is undervalued or overvalued.
     
  • Company’s assets have given an average return of 0.626489580993005 % for the 3 years and equity gave an average return of 0.925845747562884 % for the 3 years.
     
  • Eureka Forbes has a Debt to equity ratio of 0.006 which is an indicative measure of financial risk when compared to its peers.
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Brief about Eureka Forbes
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