Eureka Forbes
Stock Snapshot
Price Performance
Vista Outlook
View Technicals Analysis →Basis of our Recommendation
Eureka Forbes is strategically enhancing its operational efficiency and customer service through AI, which is expected to drive revenue growth. The company reported strong Q4 FY26 results, particularly in its water purifier segment, and is optimistic about future growth, aiming to double revenue and triple EBITDA by FY30. However, challenges such as input cost pressures and geopolitical risks could impact margins. Vista's financial outlook reflects stable revenue growth and margins, supported by the company's diversified product portfolio and strategic investments. The expected upside of nearly 20% aligns with the company's growth trajectory, although execution risks remain a watchpoint. Overall, Eureka Forbes is well-positioned for sustainable growth, leveraging innovation and market expansion, despite facing external challenges that could affect its performance over the next 12-24 months
Why We Like This Stock
- Strong Q4 FY26 performance driven by double-digit growth in water purifiers and emerging categories
- Strategic focus on AI and digital channels is expected to enhance customer acquisition and operational efficiency
- Management's ambitious targets to double revenue and triple EBITDA by FY30 indicate a clear growth strategy
Things To Watch Out For
- Input cost pressures and geopolitical tensions pose risks to margins and consumer demand
- Execution risks in maintaining profitability while accelerating revenue growth could impact financial performance
- Potential regulatory changes may affect operational costs and market dynamics
Key Parameters
Financial Snapshot
| Actuals | Forecast | ||||
|---|---|---|---|---|---|
| FY24 | FY25 | FY26 | FY27 | FY28 | |
| Revenue (Cr.) | 2,189 | 2,437 | 2,709 | 2,838 | 3,016 |
| Profit Before Tax (Cr.) | 142 | 214 | 259 | 253 | 274 |
| PBT Margin | 6.5% | 8.8% | 956.1% | 8.9% | 9.1% |
| Net Profit (Cr.) | 98 | 156 | 192 | 186 | 201 |
| Earnings Per Share | 5.1 | 8.1 | 9.9 | 9.6 | 10.4 |
Analyst Recommendations
| Broker | Recommendation | Target Price | Date |
|---|---|---|---|
| Elara Capital | ▲ Buy | 700 | 21-May-2026 |
| HDFC Securities | ▲ Buy | 695 | 06-Apr-2026 |
| ICICI Securities | ▲ Buy | 600 | 20-May-2026 |
| Kotak Securities | ▲ Buy | 700 | 28-Jul-2026 |
Company Overview
Show Company Profile
Eureka Forbes Limited engages in manufacturing, trading, renting, selling, and servicing of vacuum cleaners, water filter cum purifiers, electronic air cleaning systems, and related products in India and internationally. It also offers water solutions. It serves B2C, educational institutions, retail stores, households, B2B clients, banks, IT firms, hospitals, SMEs, and hotels, as well as government institutions, including railways, armed forces, and various departments through government e-markets. The company was formerly known as Forbes Enviro Solutions Limited and changed its name to Eureka Forbes Limited in February 2022. Eureka Forbes Limited was founded in 1982 and is based in Mumbai, India. As of April 25, 2022, Eureka Forbes Limited operates as a subsidiary of Lunolux Limited.