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Eureka Forbes Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹363.35Overvalued by 16.85%vs CMP ₹437.00

P/E (44.5) × ROE (4.2%) × BV (₹236.00) × DY (2.00%)

₹324.54Overvalued by 25.73%vs CMP ₹437.00
MoS: -34.7% (Negative)Confidence: 59/100 (Moderate)Models: 1 Under, 7 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹821.2925%Under (+87.9%)
Graham NumberEarnings₹209.4318%Over (-52.1%)
Earnings PowerEarnings₹37.8712%Over (-91.3%)
DCFCash Flow₹201.5312%Over (-53.9%)
Net Asset ValueAssets₹236.538%Over (-45.9%)
EV/EBITDAEnterprise₹164.5310%Over (-62.4%)
Earnings YieldEarnings₹82.608%Over (-81.1%)
Revenue MultipleRevenue₹126.006%Over (-71.2%)
Consensus (8 models)₹324.54100%Overvalued
Key Drivers: EPS CAGR 126.0% lifts DCF — verify sustainability. | ROE 4.2% is below cost of equity.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 126.0%

*Investments are subject to market risks

Analyst Summary

Eureka Forbes Ltd operates in the Domestic Appliances segment, NSE: EUREKAFORBE | BSE: 543482, current market price is ₹437.00, market cap is 8,449 Cr.. At a glance, stock P/E is 44.5, ROE is 4.24 %, ROCE is 5.86 %, book value is 236, dividend yield is 0.00 %. The latest intrinsic value estimate is ₹324.54, around 25.7% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹2,436 Cr versus the prior period change of 11.3%, while latest net profit is about ₹163 Cr with a prior-period change of 77.2%. The 52-week range shown on this page is 668/355, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisEureka Forbes Ltd. is a Public Limited Listed company incorporated on 26/11/2008 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L27…

This summary is generated from the stock page data available for Eureka Forbes Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

53
Eureka Forbes Ltd scores 53/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health38/100 · Weak
ROCE 5.9% WeakROE 4.2% WeakD/E 10.81 High debtInterest Coverage 0.0x RiskyProfitable 4/5 years Consistent
Smart Money60/100 · Moderate
FII holding up 1.34% (6mo) AccumulatingDII holding down 0.56% MF sellingPromoter holding at 62.6% Stable
Earnings Quality65/100 · Strong
OPM expanding (6% → 10%) Improving
Quarterly Momentum68/100 · Strong
Revenue (4Q): +11% YoY GrowingProfit (4Q): +19% YoY Positive
Industry Rank40/100 · Moderate
P/E 44.5 vs industry 46.0 In-lineROCE 5.9% vs industry 31.4% Below peersROE 4.2% vs industry 10.8% Below peers3Y sales CAGR: 86% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily.

Share Price and Basic Stock Data

Last Updated: June 12, 2026, 8:26 am

Market Cap 8,449 Cr.
Current Price 437
Intrinsic Value₹324.54
High / Low 668/355
Stock P/E44.5
Book Value 236
Dividend Yield0.00 %
ROCE5.86 %
ROE4.24 %
Face Value 10.0
PEG Ratio0.35

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Eureka Forbes Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Eureka Forbes Ltd 8,449 Cr. 437 668/35544.5 2360.00 %5.86 %4.24 % 10.0
Cello World Ltd 8,197 Cr. 371 674/36524.3 1220.40 %17.4 %13.8 % 5.00
TTK Prestige Ltd 7,286 Cr. 532 773/42340.6 1451.13 %12.5 %9.30 % 1.00
IFB Industries Ltd 5,018 Cr. 1,238 2,025/88332.6 2460.00 %20.3 %16.8 % 10.0
V-Guard Industries Ltd 12,821 Cr. 293 413/29046.7 50.90.51 %17.0 %13.0 % 1.00
Industry Average8,968.36 Cr1,363.1046.02238.890.51%31.40%10.75%6.57

All Competitor Stocks of Eureka Forbes Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 472.02508.14505.27592.31538.57553.07552.81672.87597.84612.54607.74773.45645.45
Expenses 430.86460.75459.46541.08496.40500.41498.09601.04539.14534.89546.49677.59578.01
Operating Profit 41.1647.3945.8151.2342.1752.6654.7271.8358.7077.6561.2595.8667.44
OPM % 8.72%9.33%9.07%8.65%7.83%9.52%9.90%10.68%9.82%12.68%10.08%12.39%10.45%
Other Income -10.30-5.151.821.722.89-13.052.176.244.396.387.145.87-35.32
Interest 4.403.493.392.911.791.631.671.671.191.101.002.252.74
Depreciation 13.3712.9213.1913.0113.1513.7713.6613.9914.9514.9815.7016.3217.02
Profit before tax 13.0925.8331.0537.0330.1224.2141.5662.4146.9567.9551.6983.1612.36
Tax % 25.13%36.93%28.89%31.22%24.80%11.73%25.31%25.22%25.84%25.31%25.48%25.94%27.18%
Net Profit 9.8016.2822.0925.4722.6421.3731.0446.6734.8250.7538.5261.599.00
EPS in Rs 0.510.841.141.321.171.111.612.411.802.621.993.180.47

Last Updated: March 3, 2026, 9:58 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 27, 2026, 5:00 am

MetricMar 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 00283327261683812,0802,1892,4362,639
Expenses 00283227261693631,9491,9972,1732,337
Operating Profit 0012-1-0-0-118132192263302
OPM % 2%5%-3%-1%-0%-17%5%6%9%11%11%
Other Income 000-000002-30-719-16
Interest 000100004201067
Depreciation 00000000955535864
Profit before tax 0001-1-1-1-2727122219215
Tax % -8%8%9%-9%56%1%59%37%25%25%
Net Profit 0001-1-1-1-231792163160
EPS in Rs 0.000.000.502.62-4.70-2.48-1.84-3.380.140.884.738.448.26
Dividend Payout % 0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-200.00%0.00%0.00%-100.00%250.00%466.67%441.18%77.17%
Change in YoY Net Profit Growth (%)0.00%200.00%0.00%-100.00%350.00%216.67%-25.49%-364.00%

Eureka Forbes Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 8 years from 2017-2018 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:%
5 Years:172%
3 Years:86%
TTM:11%
Compounded Profit Growth
10 Years:%
5 Years:183%
3 Years:294%
TTM:50%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:7%
1 Year:20%
Return on Equity
10 Years:2%
5 Years:2%
3 Years:2%
Last Year:4%

Last Updated: September 5, 2025, 3:26 pm

Balance Sheet

Last Updated: June 3, 2026, 3:30 am

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital 0.05333355193193193193193
Reserves -0-1-0-2-2-3-53,8743,8864,0104,1914,380
Borrowings 0444422253139392629
Other Liabilities 0121299751,8151,8101,8781,8992,100
Total Liabilities 0181814141076,1356,0296,1206,3106,702
Fixed Assets 01000005,4985,4755,4575,4665,511
CWIP 000000002120
Investments 000000087101808488
Other Assets 0171814141075504515827581,103
Total Assets 0181814141076,1356,0296,1206,3106,702

Reserves and Borrowings Chart

Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity + 1037171195226242
Cash from Investing Activity + 007-22-35-168-175
Cash from Financing Activity + -1-0-31-150-117-43-22
Net Cash Flow -1-013-1431445
Free Cash Flow 1033160169170157
CFO/OP -1,200%11%212%133%101%83%78%

Free Cash Flow

MonthMar 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow0.000.00-3.00-2.00-5.00-4.00-2.00-3.00-235.00-7.00153.00237.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 15614110711063110147222327
Inventory Days 3421373390109638919987
Days Payable 164153137143159256549998967
Cash Conversion Cycle 261071-7-37235143347
Working Capital Days 373431-48-33-105-546-103-87-71
ROCE %0%20%24%-12%-5%-4%-58%0%2%3%5%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 72.56%72.56%72.56%72.56%62.56%62.56%62.56%62.56%62.56%62.56%62.56%62.56%
FIIs 10.94%10.76%10.61%10.76%16.01%13.21%12.62%12.56%12.53%14.00%13.72%13.87%
DIIs 1.87%2.73%3.45%4.00%5.64%6.30%6.67%6.60%7.01%6.35%6.38%6.45%
Government 0.86%0.86%0.86%0.86%0.86%0.86%0.86%0.86%0.86%0.86%0.86%0.86%
Public 13.79%13.10%12.53%11.83%14.93%17.08%17.29%17.41%17.03%16.23%16.48%16.27%
No. of Shareholders 14,11814,83615,83821,84326,75128,11531,62832,45330,68329,63831,45934,159

Shareholding Pattern Chart

No. of Shareholders

Eureka Forbes Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Tata Small Cap Fund 1,121,339 0.49 55.921,121,3392025-04-22 17:25:120%
Aditya Birla Sun Life Consumption Fund 1,100,385 0.92 54.871,116,7852026-01-26 01:41:56-1.47%
ICICI Prudential Bharat Consumption Fund 947,474 1.54 47.25907,4742026-06-10 05:48:204.41%
WhiteOak Capital Flexi Cap Fund 735,922 0.46 36.7672,5312026-06-11 16:26:079.43%
Aditya Birla Sun Life MNC Fund 729,012 1.08 36.35674,0122026-06-11 16:56:428.16%
Bandhan Small Cap Fund 587,927 0.12 29.32527,9272026-03-23 01:23:1111.37%
WhiteOak Capital Mid Cap Fund 438,630 0.41 21.87329,8942026-06-10 05:48:2032.96%
Aditya Birla Sun Life Manufacturing Equity Fund 101,859 0.44 5.08N/AN/AN/A
WhiteOak Capital ELSS Tax Saver Fund 48,330 0.54 2.41N/AN/AN/A
Navi Large & Midcap Fund 14,500 0.24 0.72N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 8.464.941.370.72-3.38
Diluted EPS (Rs.) 8.464.931.370.72-3.38
Cash EPS (Rs.) 11.497.744.290.60-3.08
Book Value[Excl.RevalReserv]/Share (Rs.) 227.86218.47211.85210.740.28
Book Value[Incl.RevalReserv]/Share (Rs.) 227.86218.47211.85210.740.28
Revenue From Operations / Share (Rs.) 125.95113.15107.7419.7316.25
PBDIT / Share (Rs.) 14.4810.728.021.07-2.65
PBIT / Share (Rs.) 11.487.935.110.59-2.95
PBT / Share (Rs.) 11.416.641.990.36-3.36
Net Profit / Share (Rs.) 8.504.941.370.13-3.38
NP After MI And SOA / Share (Rs.) 8.504.941.370.13-3.38
PBDIT Margin (%) 11.499.477.445.41-16.34
PBIT Margin (%) 9.117.004.733.00-18.14
PBT Margin (%) 9.055.861.841.84-20.67
Net Profit Margin (%) 6.744.361.260.68-20.77
NP After MI And SOA Margin (%) 6.744.361.270.68-20.77
Return on Networth / Equity (%) 3.722.260.640.06-1175.41
Return on Capital Employeed (%) 4.122.961.940.22-886.48
Return On Assets (%) 2.591.560.440.04-22.82
Long Term Debt / Equity (X) 0.000.000.010.010.00
Total Debt / Equity (X) 0.000.010.020.0510.81
Asset Turnover Ratio (%) 0.390.360.340.120.00
Current Ratio (X) 0.830.630.520.540.75
Quick Ratio (X) 0.570.370.280.260.46
Inventory Turnover Ratio (X) 9.643.472.570.730.00
Interest Coverage Ratio (X) 49.7721.227.664.67-6.45
Interest Coverage Ratio (Post Tax) (X) 29.4712.344.281.59-7.20
Enterprise Value (Cr.) 10241.938769.608356.887796.160.00
EV / Net Operating Revenue (X) 4.204.014.0120.420.00
EV / EBITDA (X) 36.5642.2853.83377.280.00
MarketCap / Net Operating Revenue (X) 4.314.043.9619.830.00
Price / BV (X) 2.382.092.011.860.00
Price / Net Operating Revenue (X) 4.314.043.9619.830.00
EarningsYield 0.010.010.000.000.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Eureka Forbes Ltd. is a Public Limited Listed company incorporated on 26/11/2008 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L27310MH2008PLC188478 and registration number is 188478. Currently Company is involved in the business activities of Manufacture of filtering and purifying machinery or apparatus for liquids and gases. Company's Total Operating Revenue is Rs. 2710.47 Cr. and Equity Capital is Rs. 193.49 Cr. for the Year ended 31/03/2026.
INDUSTRYADDRESSCONTACT
Domestic AppliancesB1/B2, 7th Floor, Mumbai Maharashtra 400013Contact not found
Management
NamePosition Held
Mr. Arvind UppalChairman, Non Ind & Non Exe Director
Mr. Pratik Rashmikant PotaManaging Director & CEO
Mr. Shashank Shankar SamantIndependent Director
Mr. Sahil Dilip DalalNon Exe.Non Ind.Director
Mrs. Gurveen SinghIndependent Director
Mr. Vinod RaoIndependent Director
Mr. Homi Adi KatgaraIndependent Director

FAQ

What is the intrinsic value of Eureka Forbes Ltd and is it undervalued?

As of 19 June 2026, Eureka Forbes Ltd's intrinsic value is ₹324.54, which is 25.73% lower than the current market price of ₹437.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (4.24 %), book value (₹236), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Eureka Forbes Ltd?

Eureka Forbes Ltd is trading at ₹437.00 as of 19 June 2026, with a FY2026-2027 high of ₹668 and low of ₹355. The stock is currently in the middle of its 52-week range. Market cap stands at ₹8,449 Cr..

How does Eureka Forbes Ltd's P/E ratio compare to its industry?

Eureka Forbes Ltd has a P/E ratio of 44.5, which is below the industry average of 46.02. This is broadly in line with or below the industry average.

Is Eureka Forbes Ltd financially healthy?

Key indicators for Eureka Forbes Ltd: ROCE of 5.86 % is on the lower side compared to the industry average of 31.40%; ROE of 4.24 % is below ideal levels (industry average: 10.75%). Dividend yield is 0.00 %.

Is Eureka Forbes Ltd profitable and how is the profit trend?

Eureka Forbes Ltd reported a net profit of ₹163 Cr in Mar 2025 on revenue of ₹2,436 Cr. Compared to ₹3 Cr in Mar 2022, the net profit shows an improving trend.

Does Eureka Forbes Ltd pay dividends?

Eureka Forbes Ltd has a dividend yield of 0.00 % at the current price of ₹437.00. The company is currently not paying meaningful dividends.

Last Updated: June 12, 2026, 8:26 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 543482 | NSE: EUREKAFORBE
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Eureka Forbes Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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