Eureka Forbes Ltd

Eureka Forbes Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Eureka Forbes Ltd

₹ 483 -0.12%
22 Jul 4:01 p.m.
eurekaforbes.com BSE: 543482
About

Eureka Forbes Limited (EFL) is a part of the private equity firm advent which was bought from Shapoorjipallonji group company forbes LTD . Company is engaged in the health & hygiene segment with product profiles comprising water purifiers, vacuum cleaners, air purifiers, and home security systems.[1]

Key Points

Flagship Products[1]
Aquaguard is the award-winning water purifier brand of Eureka Forbes. The Forbes vacuum cleaners are market leaders of the company and remain as #1 vacuum cleaner brand in 2020-21. Other products under the Eureka Forbes umbrella include Dr. Aeroguard, Forbes Health Conditioner, and Air purifiers.

Website BSE
  • Market Cap ₹ 9,343 Cr.
  • Current Price ₹ 483
  • High / Low ₹ 588 / 397
  • Stock P/E 88.2
  • Book Value ₹ 218
  • Dividend Yield 0.00 %
  • ROCE 3.61 %
  • ROE 2.55 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Debtor days have improved from 62.8 to 22.9 days.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 1.47% over last 3 years.
  • Promoters have pledged 53.7% of their holding.

* 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.

Peer comparison

Sector: Consumer Durables Industry: Domestic Appliances

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
1 3 3 374 526 576 474 509 505 591 539 554
1 3 5 354 480 569 435 456 454 539 497 500
Operating Profit -0 0 -2 20 46 7 39 53 50 52 43 53
OPM % -12% 2% -49% 5% 9% 1% 8% 10% 10% 9% 8% 10%
0 -0 0 2 1 -15 -10 -5 2 2 3 -13
Interest 0 0 0 4 6 6 5 4 3 3 2 2
Depreciation 0 0 0 9 14 16 14 13 13 13 13 14
Profit before tax -0 0 -2 9 27 -30 10 31 36 38 31 24
Tax % 0% 6% 48% 27% -30% 32% 33% 29% 32% 25% 13%
-0 -0 -2 5 20 -21 7 21 25 26 23 21
EPS in Rs -0.39 -0.02 -3.77 0.24 1.03 -1.07 0.36 1.06 1.32 1.34 1.19 1.11
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024
8 382 2,085 2,189
9 363 1,939 1,991
Operating Profit -1 18 145 199
OPM % -17% 5% 7% 9%
0 2 -30 -6
Interest 0 4 20 10
Depreciation 0 9 56 54
Profit before tax -2 7 39 128
Tax % 1% 63% 31% 26%
-2 3 26 96
EPS in Rs -3.38 0.13 1.37 4.95
Dividend Payout % 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 553%
TTM: 5%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 306%
TTM: 150%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -10%
Return on Equity
10 Years: %
5 Years: %
3 Years: 1%
Last Year: 3%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 5 193 193 193
Reserves -5 3,883 3,904 4,032
2 256 140 39
5 1,794 1,792 1,865
Total Liabilities 7 6,127 6,029 6,129
0 5,505 5,481 5,464
CWIP 0 0 2 0
Investments 0 62 76 55
7 560 470 610
Total Assets 7 6,127 6,029 6,129

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024
0 37 181 194
0 12 -26 -32
-0 -31 -154 -120
Net Cash Flow -0 18 1 43

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 110 144 22 23
Inventory Days 109 656 96 104
Days Payable 256 499 91 80
Cash Conversion Cycle -37 300 27 47
Working Capital Days -35 -330 -79 -68
ROCE % 1% 2% 4%

Shareholding Pattern

Numbers in percentages

4 Recently
Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
73.85% 73.33% 73.23% 73.23% 72.56% 72.56% 72.56% 72.56% 62.56% 62.56%
11.53% 11.50% 11.55% 11.54% 10.94% 10.76% 10.61% 10.76% 16.01% 13.21%
0.68% 0.79% 1.22% 1.48% 1.87% 2.73% 3.45% 4.00% 5.64% 6.30%
0.86% 0.86% 0.86% 0.86% 0.86% 0.86% 0.86% 0.86% 0.86% 0.86%
13.08% 13.52% 13.15% 12.90% 13.79% 13.10% 12.53% 11.83% 14.93% 17.08%
No. of Shareholders 13,34513,72714,76114,36914,11814,83615,83821,84326,75128,115

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

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