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Eureka Forbes Ltd Share Price (543482)

₹486.151.18%

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Overview
Fundamentals
Q3 '23 Results
Technicals
News and Events

Overview of Eureka Forbes Ltd

Key events for Eureka Forbes Ltd

  • Advent International Sells Stake in Eureka Forbes - 23 Feb, 2024

    Private equity firm Advent International has sold a 10% stake in Eureka Forbes Ltd for Rs 979 crore through an open market transaction. The company's board has approved raising Rs 350 crore by issuing equity shares, convertible preference shares, and/or debentures/non-convertible debt instruments.

  • Eureka Forbes Promoter Sells Stake - 22 Feb, 2024

    Eureka Forbes' promoter, Lunolux, sold a 10% equity stake in the company worth Rs 979.12 crore via open market transactions. The sale comes after Lunolux's earlier announcement of selling up to a 12% stake in the company. Shares fell by 3.55% to Rs 491.95 on BSE.

  • Eureka Forbes Promoter to Sell Stake Worth Over Rs 1,100 Crore - 21 Feb, 2024

    Lunolux, the promoter entity of Eureka Forbes, is set to offload up to 22% stake in the company worth over Rs 1,100 crore through block deals. India Discovery Fund is also expected to sell its stake in the firm. The deal comes as Eureka Forbes underperformed the market with an annual return of 6.17%. However, it reported a YoY increase in revenue and profit. The deal has lock-up periods ranging from 90 days to 12 months.

  • ICICI Securities Gives Buy Call on Eureka Forbes with Target Price of Rs 700 - 20 Feb, 2024

    Eureka Forbes Ltd. received a buy call from ICICI Securities with a target price of Rs 700. The company reported a consolidated total income of Rs 542.50 crore for the quarter ended December 31, 2023, and net profit after tax of Rs 22.97 crore.

  • Eureka Forbes Reports 14.1% YoY Increase in Net Sales - 15 Feb, 2024

    Eureka Forbes has reported a 14.1% YoY increase in net sales for December 2023, with quarterly net profit up by 131.15%. However, EBITDA decreased by 1.74%. The company's EPS also increased from Rs. 0.51 to Rs. 1.17. Eureka Forbes shares closed at Rs. 473.85 on February 14, 2024, with -9.39% returns over the last six months and -0.24% over the last twelve months.

  • Eureka Forbes Reports Three-Fold Rise in Net Profit - 14 Feb, 2024

    Eureka Forbes reported a three-fold rise in consolidated net profit at Rs 22.97 crore for December quarter FY24, driven by volume gains and margin improvement. Revenue from operations was up at Rs 539.43 crore as against Rs 473.51 crore earlier.

Analyst Rating for Eureka Forbes Ltd stock

based on 4 analysts

BUY
75.00%
Buy
25.00%
Hold
0.00%
Sell

Based on 4 analysts offering long term price targets for Eureka Forbes Ltd. An average target of ₹625.25

Source: S&P Global Market Intelligence

Eureka Forbes Ltd share Performance

  • ₹480.5
    ₹504.7
    ₹486.15
    downward going graph

    1.16%

    Downside

    Day's Volatility:4.98%

    Upside

    3.82%

    downward going graph
  • ₹355
    ₹598.75
    ₹486.15
    downward going graph

    26.98%

    Downside

    52 Weeks Volatility:50.14%

    Upside

    23.16%

    downward going graph
1 Month Return6.76 %
3 Month Return-5.99 %
1 Year Return3.68 %
Previous Close₹491.95
Open₹498.50
Volume7.64L
Market Cap₹9,513.88Cr

Eureka Forbes Ltd Company Information

Founded in Nov 2008 as Forbes Water Limited and later changed to Eureka Forbes Limited in 2022, Eureka Forbes Limited is a leading retail brand in India for health, hygiene and safety solutions. They provide a range of products from vacuum cleaners, water filter cum purifiers, water and waste water treatment plants, and digital security systems, to air conditioners and small household appliances. The company has a strong network of distribution and after sale service centers for their products. In 2015-16, Radiant Energy Systems Private Limited and Waterwings Equipments Private Limited merged with then Forbes Enviro Solutions Private Limited (later changed to Eureka Forbes Ltd), which increased their capability to manufacture 1.15 million units of multiple categories like water purifiers, vacuum cleaners etc. In 2020-21, the company launched its flagship air purifier PRO 1000 and PRO 1000H for disinfection efficiency.

Share Price: ₹486.15 per share as on 23 Feb, 2024 04:01 PM
Market Capitalisation: ₹9,513.88Cr as of today
Revenue: ₹539.43Cr as on December 2023 (Q4 23)
Net Profit: ₹22.97Cr as on December 2023 (Q4 23)
Listing date: 01 Jan, 0001
OrganisationEureka Forbes Ltd
Headquarters
IndustryConsumer Durables
E-voting on sharesClick here to vote

Fundamentals of Eureka Forbes Ltd

Insights on Eureka Forbes Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 10.61% to 10.77% in Dec 2023 quarter

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 2.79% to 3.28% in Dec 2023 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Eco Recycling Ltd has given 288.8% return, outperforming this stock by 285.1%

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 72.56% of holdings in Dec 2023 quarter

  • imgNEGATIVE IMPACT

    Revenue Fall

    img

    Revenue is down for the last 2 quarters, 593.25 Cr → 542.5 Cr (in ₹), with an average decrease of 8.6% per quarter

  • imgNEGATIVE IMPACT

    Profit Down

    img

    Netprofit is down for the last 2 quarters, 25.83 Cr → 22.97 Cr (in ₹), with an average decrease of 11.1% per quarter

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 12.53% to 11.82% in Dec 2023 quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 3 months, stock has moved down by -6.0%

Eureka Forbes Ltd Valuation

Eureka Forbes Ltd in the last 5 years

  • Overview

  • Trends

Lowest (-388.43x)

September 13, 2022

Industry (-185.98x)

February 23, 2024

Today (99.01x)

February 23, 2024

Highest (430.95x)

June 20, 2023

LowHigh

Eureka Forbes Ltd Mutual Fund Holdings

Funds Holdings
Tata Small Cap Fund Direct GrowthTata Small Cap Fund Direct Growth0.91%
DSP India T.I.G.E.R. Fund - Direct Plan - GrowthDSP India T.I.G.E.R. Fund - Direct Plan - Growth1.33%
Bandhan Focused Equity Fund - Direct Plan - GrowthBandhan Focused Equity Fund - Direct Plan - Growth2.32%
PGIM India Small Cap Fund Direct GrowthPGIM India Small Cap Fund Direct Growth1.8%
Union Flexi Cap Fund Direct Growth OptionUnion Flexi Cap Fund Direct Growth Option1%

Eureka Forbes Ltd Shareholding Pattern

InvestorsHoldings %Prev. 4 periods3M change
Promoter Holdings
72.56%
0.00
Foreign Institutions
10.77%
1.50
Mutual Funds
3.28%
17.60
Retail Investors
11.82%
-5.67
Others
1.57%
4.07

Technicals of Eureka Forbes Ltd share

News & Events of Eureka Forbes Ltd

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Eureka Forbes Ltd (543482) share price today is ₹486.15

Eureka Forbes Ltd is not listed on NSE

Eureka Forbes Ltd is listed on BSE

  • Today’s highest price of Eureka Forbes Ltd is ₹504.7.
  • Today’s lowest price of Eureka Forbes Ltd is ₹480.5.

PE Ratio of Eureka Forbes Ltd is 99.01

PE ratio = Eureka Forbes Ltd Market price per share / Eureka Forbes Ltd Earnings per share

Today’s traded volume of Eureka Forbes Ltd(543482) is 7.64L.

Today’s market capitalisation of Eureka Forbes Ltd(543482) is ₹9513.88Cr.

Eureka Forbes Ltd(543482Price
52 Week High
₹598.75
52 Week Low
₹355

Eureka Forbes Ltd(543482) share price is ₹486.15. It is down -18.81% from its 52 Week High price of ₹598.75

Eureka Forbes Ltd(543482) share price is ₹486.15. It is up 36.94% from its 52 Week Low price of ₹355

Eureka Forbes Ltd(543482Returns
1 Day Returns
-5.8%
1 Month Returns
6.76%
3 Month Returns
-5.99%
1 Year Returns
3.68%