Eureka Forbes Ltd.

NSE: EUREKAFORB · Household Appliances

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52W Range₹300 – ₹668

Snapshot

Unlock Eureka Forbes Ltd.'s vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Eureka Forbes Limited is a prominent Indian company specialising in the manufacturing, trading, and servicing of health and hygiene appliances, including water purifiers, vacuum cleaners, and air purification systems. The company serves a diverse client base ranging from individual households to large-scale B2B entities, including government institutions and corporate firms.

Business Model

The company operates through a multi-channel sales and service model, generating revenue from direct product sales, rentals, and long-term maintenance contracts. It leverages both direct-to-consumer channels and institutional partnerships, including government e-marketplaces, to distribute its portfolio of home and commercial appliances.

  • Founded:1982
  • Parent Company:Lunolux Limited

Growth Outlook

Growth is expected to be driven by increasing consumer awareness regarding health and hygiene, alongside the expansion of its service network for water and air purification solutions. The company is well-positioned to capitalise on institutional demand through its established presence in the B2B and government sectors.

Key Risks

  • Intense Market Competition. The household appliance sector faces significant competition from both established domestic players and international brands, which may pressure profit margins.
  • Input Cost Volatility. Fluctuations in the prices of raw materials and electronic components can adversely impact the manufacturing costs and overall profitability of the company.
  • Technological Obsolescence. Rapid advancements in water and air purification technologies require continuous R&D investment to maintain market relevance and product differentiation.
  • Dependency on Service Network. As a service-heavy business, any disruption or inefficiency in the after-sales service network could negatively affect brand reputation and customer retention.

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Key Metrics

REVENUE

₹2,802 Cr

TTM · consolidated

+12.5%YoY

NET PROFIT

₹181 Cr

TTM · consolidated

+5.8%YoY

EPS

₹9.30

TTM · consolidated

+5.3%YoY

RETURN ON EQUITY

4.0%

TTM · consolidated

+0.1 ppYoY

RETURN ON CAPITAL EMPLOYED

4.6%

TTM · consolidated

+0.2 ppYoY

P/E

37.4×

Q1 FY27 · consolidated

37.4 vs 96.5x5Y avg

EV/EBITDA

17.2x

Q1 FY27 · consolidated

17.2 vs 27.9x5Y avg

EBITDA MARGIN

12.3%

TTM · consolidated

+0.6 ppYoY

NET PROFIT MARGIN

8.1%

Q1 FY27 · consolidated

+1.7 ppYoY

DEBT TO EQUITY

0.0x

Q1 FY27 · consolidated

-1.16xYoY

Peers · Household Appliances

CompanyMkt CapP/E (TTM)EV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Eureka Forbes Ltd.EUREKAFORB
₹6,060 Cr37.4×17.2012.5%12.3%4.0%4.6%-37.7%
TTK Prestige LimitedTTKPRESTIG
₹6,999 Cr37.2×18.2716.2%12.1%9.8%13.3%-21.6%
Bosch Home Comfort India LtdBOSCH-HCIL
₹4,487 Cr1054.4×48.8512.6%3.1%0.8%3.3%-2.0%
IFB Industries LimitedIFBIND
₹4,181 Cr28.9×11.2014.3%6.0%14.8%17.6%-43.6%
Orient Electric LimitedORIENTELEC
₹3,854 Cr31.1×13.7216.9%7.6%16.5%22.8%-12.6%
Symphony LimitedSYMPHONY
₹3,371 Cr-25.7×17.002.3%16.9%-19.9%-2.7%-46.2%

As of Q1 FY27

Financials