Eureka Forbes Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹6,240 Cr
- P/E
- 31.19
- ROE
- 4.25%
- PEG
- 0.34
- Price to sales
- 2.23
- Debt to equity
- 0.01
- 52W high / low
- ₹653 / ₹304
- Sales growth (5Y)
- 221.84%
- EBITDA margin
- 11.27%
- Net profit margin
- 7.02%
- Promoter holding
- 62.55%
- Sales (last year)
- ₹2,804 Cr
Eureka Forbes Limited is India’s leading health and hygiene brand. Its product portfolio encompasses water purification, vacuum cleaning and air purification.[1]
Guidance scorecard · Q1 FY27 call
What Eureka Forbes Ltd's management guided
and where it ranks in Consumer Durables
RevenueQ1 FY27 call
10–20%- The company aims to achieve 2x revenue scale by FY30 from FY25, implying a CAGR of 17-18% over five years.
- Product revenue is expected to grow faster than services; filters growth will outpace AMC growth, contributing significantly to overall service revenue.
- Emerging categories like robotics, air purifiers, and water softeners are growing strongly and will drive growth ahead of the average.
- Current quarter growth was broad-based with strong double-digit volume growth in water purifiers and premiumization driving growth in robotics.
- Full-year growth for FY27 is expected to show a clear step-up from Q1 levels with healthy momentum across all product categories.
- The company sees a large market opportunity due to low penetration and increasing consumer awareness around health and hygiene.
2 more points from Eureka Forbes Ltd's call on revenue
Create a free account to keep reading this call
MarginsQ1 FY27 call
FlatSee what Eureka Forbes Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
- The company is maintaining a strong balance sheet with net cash surplus and a focus on capital efficiency while investing selectively in growth-supportive areas.
FundraisingQ1 FY27 call
See what Eureka Forbes Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
FlatAsk what Eureka Forbes Ltd said on the order book →
Full Q1 FY27 analysisRanges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Consumer Durables
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
Portfolio builder
Build your portfolio
from the top-ranked stocks
- 1. Pick 3–15 stocks
- 2. Choose large, mid or small cap and your sectors
- 3. Get a portfolio built from the rankings
Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Consumer Durables companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹166 Cr | 20.3 | |
| 2 | 40%+ | Up 2%+ | ₹100 Cr | 12.7 | |
| 3 | 40%+ | Up 0–2% | ₹3,249 Cr | 17.4 | |
| 4 | 40%+ | Up 0–2% | ₹2,081 Cr | 18.8 | |
| 5 | 40%+ | Flat | ₹2,429 Cr | 41.1 | |
| 6 | 40%+ | Flat | ₹2,163 Cr | 25.6 |
Sign up free to see every company in the sector ranking and track Eureka Forbes Ltd.
Pro shows every company guiding 40%+ revenue growth →Full Consumer Durables rankingFinancials of Eureka Forbes Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Eureka Forbes Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 508 | 505 | 592 | 539 | 553 | 553 | 673 | 598 | 613 | 608 | 773 | 645 | 684 |
| Expenses + | 461 | 459 | 541 | 496 | 500 | 498 | 601 | 539 | 535 | 546 | 678 | 578 | 599 |
| Operating Profit | 47 | 46 | 51 | 42 | 53 | 55 | 72 | 59 | 78 | 61 | 96 | 67 | 85 |
| OPM % | 9% | 9% | 9% | 8% | 10% | 10% | 11% | 10% | 13% | 10% | 12% | 10% | 12% |
| Other Income + | -5 | 2 | 2 | 3 | -13 | 2 | 6 | 4 | 6 | 7 | 6 | -35 | 5 |
| Interest | 3 | 3 | 3 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 2 | 3 | 2 |
| Depreciation | 13 | 13 | 13 | 13 | 14 | 14 | 14 | 15 | 15 | 16 | 16 | 17 | 20 |
| Profit before tax | 26 | 31 | 37 | 30 | 24 | 42 | 62 | 47 | 68 | 52 | 83 | 12 | 68 |
| Tax % | 37% | 29% | 31% | 25% | 12% | 25% | 25% | 26% | 25% | 25% | 26% | 27% | 25% |
| Net Profit + | 16 | 22 | 25 | 23 | 21 | 31 | 47 | 35 | 51 | 39 | 62 | 9 | 51 |
| EPS in Rs | 0.84 | 1.14 | 1.32 | 1.17 | 1.11 | 1.61 | 2.41 | 1.80 | 2.62 | 1.99 | 3.18 | 0.47 | 2.64 |
Financials of Eureka Forbes Ltd
Profit & Loss
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 0 | 28 | 33 | 27 | 26 | 16 | 8 | 381 | 2,080 | 2,189 | 2,436 | 2,710 |
| Expenses + | 0 | 28 | 32 | 27 | 26 | 16 | 9 | 363 | 1,949 | 1,997 | 2,173 | 2,401 |
| Operating Profit | 0 | 1 | 2 | -1 | -0 | -0 | -1 | 18 | 132 | 192 | 263 | 310 |
| OPM % | 2% | 5% | -3% | -1% | -0% | -17% | 5% | 6% | 9% | 11% | 11% | |
| Other Income + | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 2 | -30 | -7 | 19 | -17 |
| Interest | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 4 | 20 | 10 | 6 | 8 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9 | 55 | 53 | 58 | 69 |
| Profit before tax | 0 | 0 | 1 | -1 | -1 | -1 | -2 | 7 | 27 | 122 | 219 | 216 |
| Tax % | -8% | 8% | 9% | -9% | 56% | 1% | 59% | 37% | 25% | 25% | 26% | |
| Net Profit + | 0 | 0 | 1 | -1 | -1 | -1 | -2 | 3 | 17 | 92 | 163 | 160 |
| EPS in Rs | 0.00 | 0.50 | 2.62 | -4.70 | -2.48 | -1.84 | -3.38 | 0.14 | 0.88 | 4.73 | 8.44 | 8.28 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Eureka Forbes Ltd
Balance Sheet
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.05 | 3 | 3 | 3 | 3 | 5 | 5 | 193 | 193 | 193 | 193 | 193 |
| Reserves | -0 | -1 | -0 | -2 | -2 | -3 | -5 | 3,874 | 3,886 | 4,010 | 4,191 | 4,380 |
| Borrowings + | 0 | 4 | 4 | 4 | 4 | 2 | 2 | 253 | 139 | 39 | 26 | 29 |
| Other Liabilities + | 0 | 12 | 12 | 9 | 9 | 7 | 5 | 1,815 | 1,810 | 1,878 | 1,899 | 2,100 |
| Total Liabilities | 0 | 18 | 18 | 14 | 14 | 10 | 7 | 6,135 | 6,029 | 6,120 | 6,310 | 6,702 |
| Fixed Assets + | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 5,498 | 5,475 | 5,457 | 5,466 | 5,511 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 1 | 2 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 87 | 101 | 80 | 84 | 88 |
| Other Assets + | 0 | 17 | 18 | 14 | 14 | 10 | 7 | 550 | 451 | 582 | 758 | 1,103 |
| Total Assets | 0 | 18 | 18 | 14 | 14 | 10 | 7 | 6,135 | 6,029 | 6,120 | 6,310 | 6,702 |
Financials of Eureka Forbes Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 1 | 0 | 37 | 171 | 195 | 226 | 242 | |||||
| Cash from Investing Activity + | 0 | 0 | 7 | -22 | -35 | -168 | -175 | |||||
| Cash from Financing Activity + | -1 | -0 | -31 | -150 | -117 | -43 | -22 | |||||
| Net Cash Flow | -1 | -0 | 13 | -1 | 43 | 14 | 45 | |||||
| Free Cash Flow | 1 | 0 | 33 | 160 | 169 | 170 | 157 | |||||
| CFO/OP | -1,200% | 11% | 212% | 133% | 101% | 83% | 78% |
Financials of Eureka Forbes Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 156 | 141 | 107 | 110 | 63 | 110 | 147 | 22 | 23 | 27 | 31 | |
| Inventory Days | 34 | 21 | 37 | 33 | 90 | 109 | 638 | 91 | 99 | 87 | 121 | |
| Days Payable | 164 | 153 | 137 | 143 | 159 | 256 | 549 | 99 | 89 | 67 | 76 | |
| Cash Conversion Cycle | 26 | 10 | 7 | 1 | -7 | -37 | 235 | 14 | 33 | 47 | 77 | |
| Working Capital Days | 37 | 34 | 31 | -48 | -33 | -105 | -546 | -103 | -87 | -71 | -46 | |
| ROCE % | 20% | 24% | -12% | -5% | -4% | -58% | 0% | 2% | 3% | 5% | 6% |
Guidance history
How Eureka Forbes Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 10–20% | Flat | — | — | Flat |
| Q4 FY26 call → | 10–20% | Flat | Planned | — | — |
| Q3 FY26 call → | 10–20% | Flat | Planned | — | Rising |
| Q2 FY26 call → | 10–20% | Up 0–2% | Planned | None planned | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
3 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −43.2% | 9% |
| Last 6 months | −36.6% | 4% |
| Last 3 months | −28.8% | 5% |
The price is 50.8% below its all-time high of ₹652.8 (1 Dec 2025). Stocks more than 20% below their peak have their score halved, so 6 became 3.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Eureka Forbes Ltd: 0.4 × 9 + 0.4 × 4 + 0.2 × 5 = 6, halved to 3 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 28 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Eureka Forbes Ltd's management said in earlier quarters
- Q1 FY27 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q4 FY25 earnings call analysis →
- Q1 FY26 earnings call →
- Q3 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
Others in Consumer Durables this season
- V-Guard Industries Ltd (Q2 FY27)
1,852.89 crore, up 38.2% YoY from Rs. Key investor presentation takeaways from V-Guard Industries Ltd's Q2 FY27 investor presentation — and how it ranks against
- Epack Durable Ltd (Q2 FY27)
Q2 FY27 Operating Revenue: ₹4,393 Mn, up 106.0% YoY (Page 7, 6) . Key investor presentation takeaways from Epack Durable Ltd's Q2 FY27 investor presentation — a
- Naman Industries Proxima Limited (Q2 FY27)
Revenue from operations for H1 FY27: ₹88.6 Cr, up 28.6% YoY (Page 10). Key investor presentation takeaways from Naman Industries Proxima Limited's Q2 FY27 inves
- P N Gadgil Jewellers Ltd (Q2 FY27)
Q2 FY27 Revenue from Operations: ₹26,663.8 million, up 22.4% YoY from ₹21,776.2 million in Q2 FY26 (Page 19). Key investor presentation takeaways from P N Gadgi