Buy Or Sell Opportunity • Aug 11
Now 21% overvalued Over the last 90 days, the stock has fallen 12% to ₹452. The fair value is estimated to be ₹375, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.7% over the last 3 years. Earnings per share has grown by 42%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 27% per annum over the same time period. Duyuru • Aug 06
Eureka Forbes Limited to Report Q1, 2027 Results on Aug 12, 2026 Eureka Forbes Limited announced that they will report Q1, 2027 results on Aug 12, 2026 Buy Or Sell Opportunity • Jul 27
Now 21% overvalued Over the last 90 days, the stock has fallen 12% to ₹440. The fair value is estimated to be ₹363, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.7% over the last 3 years. Earnings per share has grown by 42%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 27% per annum over the same time period. Duyuru • Jul 21
Eureka Forbes Limited, Annual General Meeting, Aug 19, 2026 Eureka Forbes Limited, Annual General Meeting, Aug 19, 2026, at 12:00 Indian Standard Time. Reported Earnings • May 20
Full year 2026 earnings: EPS misses analyst expectations Full year 2026 results: EPS: ₹8.36 (down from ₹8.46 in FY 2025). Revenue: ₹27.3b (up 12% from FY 2025). Net income: ₹1.63b (down 1.1% from FY 2025). Profit margin: 6.0% (down from 6.7% in FY 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 13%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Consumer Durables industry in India. Duyuru • May 13
Eureka Forbes Limited to Report Q4, 2026 Results on May 19, 2026 Eureka Forbes Limited announced that they will report Q4, 2026 results on May 19, 2026 Price Target Changed • Mar 23
Price target decreased by 7.8% to ₹684 Down from ₹741, the current price target is an average from 13 analysts. New target price is 57% above last closing price of ₹436. Stock is down 17% over the past year. The company is forecast to post earnings per share of ₹9.56 for next year compared to ₹8.46 last year. Reported Earnings • Feb 05
Third quarter 2026 earnings: EPS and revenues miss analyst expectations Third quarter 2026 results: EPS: ₹0.52 (down from ₹1.81 in 3Q 2025). Revenue: ₹6.45b (up 8.0% from 3Q 2025). Net income: ₹100.2m (down 71% from 3Q 2025). Profit margin: 1.6% (down from 5.9% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) also missed analyst estimates by 76%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Consumer Durables industry in India. Duyuru • Jan 30
Eureka Forbes Limited to Report Q3, 2026 Results on Feb 04, 2026 Eureka Forbes Limited announced that they will report Q3, 2026 results at 12:15 PM, Indian Standard Time on Feb 04, 2026 Reported Earnings • Nov 14
Second quarter 2026 earnings: EPS and revenues exceed analyst expectations Second quarter 2026 results: EPS: ₹3.23 (up from ₹2.47 in 2Q 2025). Revenue: ₹7.78b (up 16% from 2Q 2025). Net income: ₹629.0m (up 32% from 2Q 2025). Profit margin: 8.1% (up from 7.1% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) also surpassed analyst estimates by 24%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Consumer Durables industry in India. Duyuru • Oct 31
Eureka Forbes Limited to Report Q2, 2026 Results on Nov 13, 2025 Eureka Forbes Limited announced that they will report Q2, 2026 results on Nov 13, 2025 Board Change • Sep 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. Non-Executive Independent Director Shashank Shankar Samant was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Buy Or Sell Opportunity • Aug 25
Now 22% overvalued Over the last 90 days, the stock has fallen 13% to ₹563. The fair value is estimated to be ₹459, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 64%. Revenue is forecast to grow by 30% in 2 years. Earnings are forecast to grow by 78% in the next 2 years. Duyuru • Aug 20
Eureka Forbes Limited, Annual General Meeting, Sep 19, 2025 Eureka Forbes Limited, Annual General Meeting, Sep 19, 2025, at 12:00 Indian Standard Time. Reported Earnings • Aug 12
First quarter 2026 earnings: EPS misses analyst expectations First quarter 2026 results: EPS: ₹1.99 (up from ₹1.66 in 1Q 2025). Revenue: ₹6.08b (up 9.8% from 1Q 2025). Net income: ₹386.8m (up 20% from 1Q 2025). Profit margin: 6.4% (up from 5.8% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.2%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Consumer Durables industry in India. Duyuru • Jul 23
Eureka Forbes Limited to Report Q1, 2026 Results on Aug 11, 2025 Eureka Forbes Limited announced that they will report Q1, 2026 results on Aug 11, 2025 Reported Earnings • May 17
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: ₹8.46 (up from ₹4.94 in FY 2024). Revenue: ₹24.5b (up 12% from FY 2024). Net income: ₹1.64b (up 72% from FY 2024). Profit margin: 6.7% (up from 4.4% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 15%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Consumer Durables industry in India. Duyuru • May 16
Eureka Forbes Ltd Announces Executive Changes Eureka Forbes Ltd. has appointed Mr. Rakesh Moza as Chief Sales Officer, effective from May 19, 2025, and he will be a Senior Managerial Personnel. Additionally, Mr. Nithyanand Shankar, currently the Chief Digital & Technology Officer and Senior Managerial Personnel, will also lead the After-Market Business of the Company. With this additional role, his designation changes to Chief Business Officer, effective from May 16, 2025. Furthermore, the company has appointed M/s. Mihen Halani & Associates, a Peer Reviewed Firm of Company Secretaries in Practice, as Secretarial Auditors for a term of five consecutive years commencing from the Financial Year 2025-26 till the Financial Year 2029-30, subject To Approve the Members at the upcoming 16th Annual General Meeting. Duyuru • May 13
Eureka Forbes Limited to Report Q4, 2025 Results on May 16, 2025 Eureka Forbes Limited announced that they will report Q4, 2025 results on May 16, 2025 Reported Earnings • Feb 11
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: EPS: ₹1.81 (up from ₹1.19 in 3Q 2024). Revenue: ₹5.98b (up 11% from 3Q 2024). Net income: ₹350.5m (up 53% from 3Q 2024). Profit margin: 5.9% (up from 4.3% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.9%. Earnings per share (EPS) also surpassed analyst estimates by 21%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Consumer Durables industry in India. Duyuru • Feb 05
Eureka Forbes Limited to Report Q3, 2025 Results on Feb 10, 2025 Eureka Forbes Limited announced that they will report Q3, 2025 results on Feb 10, 2025 Duyuru • Jan 31
Eureka Forbes Limited Announces Executive Changes Eureka Forbes Limited announced that Mr. Anirudha Karnataki - Head Strategic Projects, has resigned with effect from January 31, 2025 to pursue other opportunities outside the organization. Mr. Ajit Dheer - Chief Operating Officer will move to a Special Projects role and will no longer be an SMP with effect from January 31, 2025. Mr. Anurag Kumar - Chief Growth Officer, will head overall revenue management. Mr. Ajit Dheer has spent 1.8 years in EFL. He has about 28 years total experience across HT Media, Pepsico India, Reckitt Benckiser, Cargill and Dabur Foods. tial installation. Duyuru • Dec 02
Eureka Forbes Limited Announces Executive Changes Eureka Forbes Limited board announced that Mr. Vikas Jayna, Chief Technology Officer (SMP) has resigned with effect from December 02, 2024 to pursue other opportunities outside the organization. Mr. Nithyanand Shankar, Chief Digital & Product officer (SMP) of the Company will also lead Engineering, effective from December 03, 2024. Mr. Nithyanand Shankar has Spent 1.8 Years with the Company. He has Prior 16 Years Work Experience with P&G and Amazon. Mr. Aviral Chopra has been appointed as Chief Supply Chain Officer, effective from December 03, 2024. Mr. Aviral Chopra Has 15 Years of Experience. He Is Currently the Head of Supply Chain At Blinkit (Quick Commerce). His Hul Experience of Is Across Manufacturing & Non- Manufacturing Roles. Mr. Anirudha Karnataki, Head Supply Chain & Procurement will now be Head Strategic Projects, effective December 02, 2024. Mr. Anirudha Karnataki Has Spent 1.5 Years in Efl. He Has About 21.5 Years Total Experience Across Asian Paints and Ceat. Reported Earnings • Nov 08
Second quarter 2025 earnings: EPS exceeds analyst expectations Second quarter 2025 results: EPS: ₹2.47 (up from ₹1.34 in 2Q 2024). Revenue: ₹6.77b (up 14% from 2Q 2024). Net income: ₹477.1m (up 85% from 2Q 2024). Profit margin: 7.1% (up from 4.4% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 29%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Consumer Durables industry in India. Duyuru • Nov 04
Eureka Forbes Limited to Report Q2, 2025 Results on Nov 07, 2024 Eureka Forbes Limited announced that they will report Q2, 2025 results on Nov 07, 2024 Board Change • Sep 13
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. 1 highly experienced director. Non-Executive Independent Director Homi Katgara is the most experienced director on the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Duyuru • Aug 27
Eureka Forbes Limited, Annual General Meeting, Sep 20, 2024 Eureka Forbes Limited, Annual General Meeting, Sep 20, 2024, at 12:00 Indian Standard Time. 
