Is Eureka Forbes a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Eureka Forbes Ltd is a average quality company .

Is Eureka Forbes undervalued or overvalued?

The key valuation ratios of Eureka Forbes Ltd's currently when compared to its past seem to suggest it is in the Fair zone .

What is Eureka Forbes share price return in the past 10 years?

Data is not available for this company

Is Eureka Forbes a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Eureka Forbes Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

Eureka Forbes Ltd - Stock Valuation and Financial Performance

Name: Eureka Forbes
Brand: Eureka Forbes

BSE: 543482 | NSE: EUREKAFORB | Consumer Durables - Domestic Appliances | Small Cap

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Eureka Forbes Share Price

₹594.85 31.15 5.53%
as on 14-Nov'24 16:59

10 Year X-Ray of Eureka Forbes:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	-3.9%	3.2%	22.8%	-12.3%	-4.9%	-3.9%	-58%	0.5%	1.1%	3.1%	-
Value Creation Index ⓘ	-1.3	-0.8	0.7	-1.9	-1.4	-1.3	-5.3	-1.0	-0.9	-0.8	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	0	28.5	33.5	26.5	25.9	16.3	7.9	381	2,080	2,189	2,317
Sales YoY Gr.	-	NA	17.6%	-20.7%	-2.3%	-37%	-52%	4,753.5%	446%	5.2%	-
Adj EPS ⓘ	-0.2	-0.7	2.8	-4.7	-2.5	-1.8	-3.4	0.1	2.1	5.3	6.3
YoY Gr.	-	NA	NA	-266.8%	NA	NA	NA	NA	1675%	147%	-
BVPS (₹) ⓘ	5.7	6.7	9.3	4.7	2.3	3.6	0.3	210.2	210.8	215.5	221.9
Adj Net Profit ⓘ	0	-0.2	0.8	-1.3	-0.7	-0.9	-1.6	2.3	41.2	102	122
Cash Flow from Ops. ⓘ	0	0.5	0.2	0.1	0.9	0.9	0.1	37.2	171	195	-
Debt/CF from Ops. ⓘ	0	7	18.1	79.1	5.1	1.7	16	6.5	0.7	0.1	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	NA	142.8%	553.3%	5.2%
Adj EPS ⓘ	NA	NA	NA	147%
BVPSⓘ	49.7%	147.7%	805.7%	2.2%
Share Price	-	-	-	14.2%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	-3.9	-19.5	35.4	-67.5	-70.5	-73.9	-171.7	0.1	1	2.5	2.9
Op. Profit Mgn % ⓘ	0	0.4	4.4	-3.2	-1.2	-0.5	-16.8	4.5	6.3	8.8	9.6
Net Profit Mgn % ⓘ	0	-0.7	2.4	-5	-2.7	-5.4	-20.7	0.6	2	4.7	5.3
Debt to Equity ⓘ	0	1.8	1.4	3.3	6.9	0.9	10.8	0.1	0	0	0
Working Cap Days ⓘ	0	103	181	208	180	242	362	260	85	77	51
Cash Conv. Cycle ⓘ	0	15	21	29	18	13	-1	46	10	11	-25

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 2.90%

Sales growth is growing at healthy rate in last 3 years 553.34%

Sales growth is good in last 4 quarters at 11.49%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Eureka Forbes Ltd.

	Standalone	Consolidated
TTM EPS (₹)	6.3	6.4
TTM Sales (₹ Cr.)	2,317	2,320
BVPS (₹.) ⓘ	221.9	223.2
Reserves (₹ Cr.) ⓘ	4,100	4,125
P/BV ⓘ	2.55	2.53
PE ⓘ	89.85	88.04

From the Market
52 Week Low / High (₹)	397.15 / 642.90
All Time Low / High (₹)	282.00 / 642.90
Market Cap (₹ Cr.)	10,936
Equity (₹ Cr.)	193.5
Face Value (₹)	10
Industry PE ⓘ	67

Management X-Ray of Eureka Forbes:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

87.08

0.00

99.09

100.00

53.66

* Pledged shares as % of Promoter's holding (%)

Valuation of Eureka Forbes

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Analyst's Notes

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Key Ratios of Eureka Forbes

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	0	28	33	27	26	16	8	381	2,080	2,189
Operating Expenses ⓘ	0	28	32	27	26	16	9	364	1,949	1,997
Manufacturing Costs	0	0	0	0	0	0	0	12	71	71
Material Costs	0	22	25	20	20	12	7	162	845	901
Employee Cost	0	3	3	3	2	2	1	49	301	328
Other Costs ⓘ	0	3	4	4	4	2	1	141	732	697
Operating Profit ⓘ	0	0	1	-1	0	0	-1	17	132	192
Operating Profit Margin (%)	-	0.4%	4.1%	-3.2%	-1.2%	-0.5%	-16.8%	4.5%	6.3%	8.8%
Other Income ⓘ	0	0	0	0	0	0	0	3	10	9
Interest ⓘ	0	0	1	0	0	0	0	4	20	10
Depreciation ⓘ	0	0	0	0	0	0	0	9	55	53
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	-40	-15
Profit Before Tax ⓘ	0	0	1	-1	-1	-1	-2	7	27	122
Tax ⓘ	0	0	0	0	0	0	0	4	10	31
Profit After Tax	0	0	1	-1	-1	-1	-2	3	17	92
PAT Margin (%)	-	-0.7%	2.2%	-5.0%	-2.7%	-5.5%	-20.8%	0.7%	0.8%	4.2%
Adjusted EPS (₹)	-0.2	-0.7	2.6	-4.7	-2.5	-1.9	-3.4	0.1	0.9	4.7
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	0	2	3	1	1	2	0	4,067	4,079	4,169
Share Capital ⓘ	0	3	3	3	3	5	5	193	193	193
Reserves ⓘ	0	-1	0	-1	-2	-3	-5	3,873	3,886	3,975
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	0	4	4	4	4	2	2	240	121	25
Long Term Debt	0	0	0	0	0	0	0	49	25	0
Short Term Debt	0	4	4	4	4	2	2	190	96	25
Trade Payables	0	10	10	7	8	5	5	244	228	219
Others Liabilities ⓘ	0	2	1	1	1	1	1	1,585	1,600	1,707
Total Liabilities ⓘ	0	17	18	14	14	10	7	6,135	6,029	6,120
Fixed Assets
Gross Block	0	1	1	1	1	1	1	5,508	5,534	5,563
Accumulated Depreciation	0	1	0	1	1	1	1	9	59	106
Net Fixed Assetsⓘ	0	1	0	0	0	0	0	5,498	5,475	5,457
CWIP ⓘ	0	0	0	0	0	0	0	0	2	1
Investmentsⓘ	0	0	0	0	0	0	0	87	101	80
Inventories	0	2	1	2	2	3	2	283	211	244
Trade Receivables	0	12	13	8	8	3	2	153	123	137
Cash Equivalents	0	0	0	1	1	1	1	14	14	92
Others Assetsⓘ	0	3	3	3	3	3	2	99	103	109
Total Assets ⓘ	0	17	18	14	14	10	7	6,135	6,029	6,120

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	0	0	0	1	1	0	37	171	195
PBT ⓘ	0	1	-1	-1	-1	-2	7	27	122
Adjustment ⓘ	1	1	1	1	1	1	13	119	107
Changes in Working Capital ⓘ	0	-2	1	1	1	1	18	29	-35
Tax Paid ⓘ	-1	0	0	0	0	0	-1	-4	1
Cash Flow From Investing Activity ⓘ	0	0	0	0	0	0	-4	-23	-35
Capex	0	0	0	0	0	0	-4	-11	-26
Net Investments	0	0	0	0	0	0	0	-12	25
Others ⓘ	0	0	0	0	0	0	0	0	-33
Cash Flow From Financing Activityⓘ	0	0	0	0	-1	0	-31	-150	-117
Net Proceeds from Shares ⓘ	0	0	0	0	2	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	0	-1	0	0	0	0	-4	-18	-8
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0
Others ⓘ	0	0	1	0	-3	0	-27	-132	-110
Net Cash Flow ⓘ	0	0	0	0	-1	0	2	-1	43

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	N/A	-19.5	32.76	-67.18	-70.21	-74.21	N/A	0.14	0.42	2.22
ROCE (%)	N/A	3.17	22.8	-12.29	-4.91	-3.94	N/A	0.52	1.1	3.14
Asset Turnover Ratio	0	3.33	1.92	1.66	1.87	1.38	0.92	0.12	0.34	0.36
PAT to CFO Conversion(x)	N/A	N/A	0	N/A	N/A	N/A	N/A	12.33	10.06	2.12
Working Capital Days
Receivable Days	0	148	133	143	110	119	120	75	24	22
Inventory Days	0	27	19	23	27	54	117	137	43	38
Payable Days	0	82	150	164	139	198	270	280	102	91

Eureka Forbes Ltd Stock News

Eureka Forbes Ltd FAQs

What is the share price of Eureka Forbes?

Company share prices are keep on changing according to the market conditions. The closing price of Eureka Forbes on 14-Nov-2024 16:59 is ₹594.9.

What is the market cap of Eureka Forbes?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 14-Nov-2024 16:59 the market cap of Eureka Forbes stood at ₹10,936.4.

What is the P/E ratio of Eureka Forbes?

The latest P/E ratio of Eureka Forbes as of 14-Nov-2024 16:59 is 89.85.

What is the P/B ratio of Eureka Forbes?

The latest P/B ratio of Eureka Forbes as of 14-Nov-2024 16:59 is 2.55.

What is the 52-week high and low of Eureka Forbes?

The 52-week high of Eureka Forbes is ₹642.9 and the 52-week low is ₹397.1.

What is the TTM revenue of Eureka Forbes?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Eureka Forbes is ₹2,317 ( Cr.) .

About Eureka Forbes Ltd

Founded as a joint venture between Forbes and Campbell (a Tata Group company) and Electrolux of Sweden, Eureka Forbes is a multi-product, multi-channel organization. A former part of the renowned Shapoorji Pallonji Group, Eureka Forbes (formerly Forbes Enviro Solutions Limited) is India’s leading health and hygiene brand. In addition to being one of Asia’s largest direct sales forces, it has retail, institutional and e-commerce channels, an inventive franchise business partner network, a rural channel and one of the most expansive service networks in India.

Eureka Forbes has been a pioneer and trendsetter in direct sales in India and is one of the largest direct-selling companies in the world today.

Business area of the company

The company is engaged in the business of manufacturing, selling and servicing of water filter-cum-purifiers, vacuum cleaners, air purifiers, water treatment plants, and other household appliances, etc., with a legacy of many decades. It also has a strong distribution and after sale service network to maintain health and hygiene across Indian households. The Company has been a pioneer and a trailblazer in direct marketing in India.

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