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Eureka Forbes Ltd share Price Today

Company details

435.55
446.00
397.15
598.75
6M Return -22.31%
1Y Return -17.55%
Mkt Cap.(Cr) 8,451.16
Volume 610,670
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 610,670

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Consumer Electronics company Eureka Forbes announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Revenue from operations increased 8.8% YoY to Rs 553.1 crore. Continuing businesses grew higher at 11.4% YoY.
  • Adjusted (Adj.) EBITDA increased 30.6% YoY to Rs 61.9 crore from Rs 47.4 crore in Q4 FY23; Adj. EBITDA margin improved 186bps YoY to 11.2%, the highest ever
  • Adj. PBT (before exceptional items and ESOP) increased 38.9% YoY to Rs 48.6 crore from Rs 35.0 crore in Q4 FY23.
  • Profit After Tax increased 31.1% YoY to Rs 21.4 crore from Rs 16.3 crore in Q4 FY23.
  • Adj. PAT (pre-ESOP) increased 81.0% YoY to Rs 29.5 crore from Rs 16.3 crore in Q4 FY23. 

FY24 Financial Highlights:

  • Revenue from operations increased 5.2% YoY to Rs 2,189.2 crore. Continuing businesses grew at 7.9% YoY.
  • Adj. EBITDA increased 71.9% YoY to Rs 226.3 crore from Rs 131.7 crore in FY23; Adj. EBITDA margin improved 401bps YoY to 10.3%.
  • Adj. PBT (before exceptional items and ESOP) increased 156.8% YoY to Rs 172.0 crore from Rs 67.0 crore in FY23.
  • Profit After Tax increased 435.5% YoY to Rs 91.5 crore from Rs 17.1 crore in FY23.
  • Adj. PAT (pre-ESOP) increased 590.3% YoY to Rs 118.0 crore from Rs 17.1 crore in FY23.

Commenting on the Q4 FY24 and FY24 performance, Pratik Pota, MD, and CEO, Eureka Forbes Limited said, “As we exit the first full year of our transformation program Udaan, I am pleased to report progress on multiple fronts. Continuing businesses grew by 11.4% in Q4 and by 7.9% for the year with H2 growth of 14.0%.

Driven by operating efficiencies and leverage, EBITDA margins for Q4 reached a lifetime high of 11.2% - an improvement of 186bps year on year.

For the FY, EBITDA margins expanded by 401bps to 10.3% in FY24 with a full year operational cash flow generation of Rs 194 crore.

Transformation initiatives gathered momentum with the most visible impact in the areas of product innovations and consumer campaigns. Several new and industry first products were launched in all 3 categories of Electric Water Purifiers, Vacuum Cleaners and Air PurifieRs New launches were backed with advertising campaigns focused on driving penetration and category adoption.

The progress we have achieved in the first year of our transformation and with momentum of a double-digit H2 growth and lifetime high margins in Q4 give us the confidence and the energy as we enter the next stage in this journey of transforming this iconic brand and Company to its rightful place.”

Result PDF

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Eureka Forbes Ltd shares SWOT Analysis

Strengths (9)

  • Strong Annual EPS Growth
  • Effectively using its capital to generate profit - RoCE improving in last 2 years
  • Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year

Weakness (4)

  • Promoter holding decreased by more than -2% QoQ
  • Declining profits every quarter for the past 2 quarters
  • Companies with High Promoter Pledge

Opportunity (0)

Data not found

Threats (2)

  • Promoter decreasing their shareholding
  • High PE (PE > 40)

Resistance and support

R1 443.4
R2 449.9
R3 453.8
Pivot

439.45

S1 432.9
S2 429.0
S3 422.5
EMA SMA
440.7
449.7
461.8
472.7
438.2
456.2
460.9
486.1
Delivery and volume
Name Category Shares
Lunolux Limited PROMOTER 62.56%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Eureka Forbes Ltd Stocks COMPARISON

INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 4,097.65 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 32,317.57 -2,589.17
LAST 3M 111,725.82 -36,230.77
LAST 6M 182,653.52 -16,910.03
LAST 12M 290,144.87 98,834.05

Eureka Forbes Ltd Information

Stock PE (TTM)
79.71
Promoter Holding
62.56%
Book Value
218.4977
ROCE
2.11%
ROE
1.04%
Description
  • 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. 

    Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest.  I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose 

Registered Address

B1/B2 7th 701 Marath Innova, Kadam Marg Lawer Parel, Mumbai, Maharashtra, 400013

Tel : 91-022-48821700
Email : compliance:eurekaforbes.com; dshinde:eurekaforbes.
Website : http://www.eurekaforbes.com
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 543482
NSE Code :
Book Closure Date (Month) :
BSE Group : A
ISIN : INE0KCE01017

FAQ’s on Eureka Forbes Ltd Shares

You can buy Eureka Forbes Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Eureka Forbes Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 14, 2024 04:01 PM the closing price of Eureka Forbes Ltd was Rs.436.80.

The latest PE ratio of Eureka Forbes Ltd as of Jun 14, 2024 04:01 PM is 79.71

The latest PB ratio of Eureka Forbes Ltd as of Jun 14, 2024 04:01 PM is 0.50

The 52-week high of Eureka Forbes Ltd share price is Rs. 598.75 while the 52-week low is Rs. 397.15

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 Jun 14, 2024 04:01 PM, the market cap of Eureka Forbes Ltd stood at Rs. 8,451.16.

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