Sep 23, 2022 04:01 PM
Sep 23, 2022 04:01 PM
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Eureka Forbes Ltd. is an Indian multinational consumer goods company offering water purifiers, vacuum cleaners, air purifiers, Coronaguard, and water solution devices. It was incorporated in 1982, with its headquarters in Mumbai. For the quarter ended June 2022, Eureka Forbes Ltd.’s total income was Rs HYPERLINK "https://economictimes.indiatimes.com/eureka-forbes-ltd/stocks/companyid-32431.cms" 527.21 crore. It was up 40.04% from Rs 376.49 crore in the quarter ended in March 2022. The company’s market capitalisation stood at Rs HYPERLINK "https://www.moneycontrol.com/india/stockpricequote/householdpersonal-products/eurekaforbes/EF03" 8,938 crore on 29 August 2022.
Eureka Forbes Ltd.’s shares are listed on the Bombay Stock Exchange with the code 543482. The company is not listed on the National Stock Exchange.
Eureka Forbes Ltd. is a joint venture between Electrolux, a Sweden-based company, and Forbes and Campbell (a Tata Group Company). The company was formerly a part of the Shapoorji Pallonji Group. As of 31 March 2022, Eureka Forbes Ltd. had 20+ million happy customers, with a reach of over 1500 cities and towns.
On 30 June 2022, the company’s shareholding pattern highlighted a public stake of 13.53%, a domestic institutional investor stake of 1.65%, a foreign institutional investor stake of 11.5%, and a promoter stake of 73.33%. The leading promoter is Lunolex Ltd. with a 63.86% share. During the June 2022 quarter, promoters unpledged 11.17% of their shares, bringing the total pledge of promoters’ holdings to 87.08%. The promoters’ holdings decreased from 73.85% to 73.33%, while mutual fund holdings increased from 0.57% to 0.68% in the June 2022 quarter.
The company’s leadership team includes Mr Homi Adi Katgara, Mr Jai Laxmikant Mavani, Mr Shankar Krishnan Subramanian, Mr Marzin Roomi Shroff, MrSivanandhan Dhanushkodi, Mr Pallon Shapoorji Mistry, and Ms Indu Ranjit Shahani. The auditors of the company are Batliboi & Purohit. The company’s annual growth for the FY 2021-2022 was 4756.31%, which outperformed its three-year CAGR of 142.97%.
On 29 August 2022, Eureka Forbes Ltd.’s share price closed at Rs 462 on BSE. The company’s 52-week high share price was Rs 500, and the 52-week low for Eureka Forbes Ltd.’s share price was Rs 282. Its one-year return to the investors was 3.41%.
The company’s peers include Hindustan Unilever Ltd., Dabur India Ltd., Godrej Consumer Products Ltd., and Marico Ltd.
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