āagman

Not investment advice. Data and computed figures, for information only.

Eureka Forbes Ltd

NSE: EUREKAFORB
₹342.10
−₹6.05 (−1.74%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹7,175 Cr
CMP
₹342.10
52-wk High / Low
₹668 / 333
P/E
35.3
P/B
1.6
Book Value
₹238.0
Div Yield
0.00%
ROCE
6.0%
ROE
4.3%
Face Value
₹10
D/E
0.01

Price−37.0% over 1Y

āagman read

Computed by āagman
Derived from 6 years and 13 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
6
/ 9
6 of 9 F-score tests passed
Graham Number
₹212
√(22.5 × EPS × book value per share)
ROIC
3.9%
vs 12.3% sector median
Cash flow to profit
1.53
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
−18
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
4.3%
ROE × earnings retention ratio
ROE stability
1.5
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom −0.01FII −0.42DII +0.54
Latest quarter vs the previous one
Cash-accrual divergence
−1.3%
of assets
Low = accruals track cash flow
Strengths
+FII holding rose by 2.3pp over the last year
+PE of 35.3x is below the sector median of 38.5x
Watch-outs
−Latest ROCE of 6% trails the sector median of 19%
−Price trades below its 200-day moving average (0.7x)
−Price is 48.8% below its 52-week high
−Promoter holding fell by 10.0pp over the last year

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales505591539554553673598613608772645684700
Expenses454539497500497600539536546674577598631
Operating Profit50524353567359776198698669
OPM %9.9%8.8%8.0%9.6%10.1%10.8%9.9%12.6%10.0%12.7%10.7%12.6%9.9%
Other Income223−13264676−35527
Interest3322221112321
Depreciation13131314141415151616172019
Profit before tax36383124436447665285146977
Net Profit25262321324835493963105157
EPS (₹)1.321.341.191.111.662.471.812.562.003.250.522.642.95

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 6 years + TTM
Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales83822,0852,1892,4372,7092,802
Expenses93631,9391,9912,1712,3952,480
Operating Profit−118145199266314321
OPM %−12.5%4.7%7.0%9.1%10.9%11.6%11.5%
Other Income02−30−619−173
Interest042010688
Depreciation095654586972
Profit before tax−2739128221219244
Net Profit−232696164163181
EPS (₹)−3.380.131.374.958.508.419.36

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital5193193193193193—
Reserves−53,8833,9044,0324,2154,406—
Borrowings2256140392629—
Other Liabilities51,7941,7921,8641,9022,106—
Total Liabilities76,1276,0296,1286,3376,734—
Fixed Assets05,5055,4815,4635,4715,512—
CWIP002127—
Investments06276555963—
Other Assets75604706098041,152—
Total Assets76,1276,0296,1286,3376,734—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity037181194246250
Cash from Investing Activity012−26−32−168−198
Cash from Financing Activity0−31−154−120−43−22
Net Cash Flow0181433430

Ratios

As of 31 Mar 2026
6 periods
Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %—1.02.04.05.06.0
ROE %—————4.3
EPS (₹)−3.380.131.374.958.508.41
Book Value (₹)—————238.0
Face Value (₹)—————10
P/E—————35.3
Div Yield %—————0.00
NPM %−25.00.81.34.46.76.1
OPM %−17.04.87.09.011.012.0
D/E—0.060.030.010.010.01
P/B—————1.6

Growth

As of 27 Sep 2026
Compounded sales growth
5 years+222.0%
3 years+9.0%
TTM+12.0%
Compounded profit growth
5 years+161.0%
3 years+66.0%
TTM+21.0%
Stock price CAGR
3 years−8.0%
Last year−35.0%
Return on equity
5 years3.0%
3 years4.0%
Last year4.0%

Shareholding pattern

As of 31 Dec 2024
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
Promoters73.85%73.85%72.56%62.56%62.56%62.56%62.55%
FIIs11.53%11.53%10.94%16.01%12.53%13.66%13.24%
DIIs0.68%0.68%1.87%5.64%7.01%6.16%6.70%
Government0.86%0.86%0.86%0.86%0.86%0.86%0.62%
Public13.08%13.08%13.79%14.93%17.03%16.77%16.89%
No. of shareholders13,34513,34514,11826,75130,68335,38335,406
Change since Jun 2023 (pp)
Promoters −11.30FIIs +1.71DIIs +6.02Public +3.81

Documents

As of 27 Sep 2026
Announcements
Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011.Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011.Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011ESG RatingESG Rating
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Aug 2026TranscriptAug 2026PPTAug 2026RecordingMay 2026TranscriptMay 2026PPTMay 2026RecordingFeb 2026TranscriptFeb 2026PPTFeb 2026RecordingNov 2025TranscriptNov 2025PPTNov 2025RecordingNov 2025PPT

Corporate actions

Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman