Eureka Forbes Ltd. News and Updates

Name: Latest research reports of Eureka Forbes Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Eureka Forbes Ltd.
Rating: 5
Author: ICICI Securities Limited

Keep track of all breaking news on Eureka Forbes Ltd. from all sources in a single place.

Eureka Forbes Ltd.

18 Feb 2025

489.65

-0.76%

Eureka Forbes stock: JM Financial initiates coverage with 'Buy' call, sees 30% upside

livemint

Stock to buy: JM Financial has given Eureka Forbes a 'buy' rating with a target price of 610, citing strong growth potential and financial strength. Despite competition risks, the brokerage sees room for expansion with expected double-digit revenue growth and improved margins.

Number of FII/FPI investors increased from 133 to 160 in Mar 2025 qtr.

Eureka Forbes Ltd.

10 Feb 2025

489.65

-0.76%

to see Rapid results content

Eureka Forbes Ltd.

10 Feb 2025

489.65

-0.76%

Q3 results: Eureka Forbes profit up 52.5% to 35 crore

Business Line

Eureka Forbes gives a 52.5 per cent increase in the consolidated net profit to 35.03 crore in the December quarter

Eureka Forbes Ltd. has an average target of 635.50 from 3 brokers.

Eureka Forbes Q3 Results: Reports 52.5% Increase In Net Profit

NDTV Profit | 10 Feb 2025

Eureka Forbes Ltd.

06 Dec 2024

489.65

-0.76%

'Buy' Maintained On Eureka Forbes By ICICI Securities, Sees Upto 18% Upside

NDTV Profit

Stocks to Buy: The brokerage stays constructive on Eureka given strong business tailwinds.

Eureka Forbes Ltd. has an average target of 635.50 from 3 brokers.

Eureka Forbes Ltd.

06 Dec 2024

489.65

-0.76%

A filtered strategy; service income to strengthen RoCE

Buy: Eureka Forbes Ltd.

Target

ICICI Securities Limited

Eureka has revamped its servicing business strategy and we believe its benefits are surfacing. These include: (1) It has, now, four different servicing plans with options to buy servicing for one, two or three years, instead of just one plan across consumers. (2) Rolled out an App that provides alerts to consumers about servicing

Number of FII/FPI investors increased from 133 to 160 in Mar 2025 qtr.

Eureka Forbes Ltd.

07 Nov 2024

489.65

-0.76%

Eureka Forbes Q2 Results: Net profit shoots up 83% YoY to Rs 46 crore, revenue up 27%

Economic Times

Eureka Forbes reported an 83.2% YoY rise in Q2 net profit to Rs 46.67 crore, with revenues up 27.6% to Rs 672.87 crore. Growth was driven by product innovation, increased marketing, and early festive season demand.

Eureka Forbes Ltd. is trading below all available SMAs

Eureka Forbes share price rallies 6% as Q2 profit zooms 85% YoY

Business Standard | 07 Nov 2024

Eureka Forbes Ltd.

07 Nov 2024

489.65

-0.76%

to see Rapid results content

Eureka Forbes Ltd.

09 Oct 2024

489.65

-0.76%

Eureka Forbes FY24 Annual Report Takeaways - Delivering On Expected Lines; Maintain 'Buy': ICICI Securities

NDTV Profit

Following strong recovery in volume, market share and margin expansion in phase-1 of transformation, the brokerage believes the company is better placed to address issues at its service business.

Number of FII/FPI investors increased from 133 to 160 in Mar 2025 qtr.

Eureka Forbes Ltd.

09 Oct 2024

489.65

-0.76%

FY24 annual report takeaways: Delivering on expected lines; maintain BUY

Buy: Eureka Forbes Ltd.

ICICI Securities Limited

Eureka Forbes’ FY24 AR primarily highlights its transformational journey during phase-1. We note: (1) Strong investments in distribution expansion (at 36% CAGR over FY22 24) have started yielding positive results (volume growth and market share gains in FY24) and may continue to drive growth in FY24-26E. (2) The company is focusing on category creation to increase penetration.

Eureka Forbes Ltd. has an average target of 635.50 from 3 brokers.

Eureka Forbes Ltd.

16 Sep 2024

489.65

-0.76%

Growing Consumer Electronic Play; Initiate with HOLD

Hold: Eureka Forbes Ltd.

East India Securities Ltd

An established ‘cash cow’, Eureka Forbes were the pioneers for introducing water purifier and
vacuum cleaner in India. Eureka Forbes has a long history of launching innovative products and
campaigns in India.

Eureka Forbes Ltd. has an average target of 635.50 from 3 brokers.

VOTE: Is Eureka Forbes Ltd. worth buying?

31 Votes:

Buy 70.97%

Sell 16.13%

Hold 12.9%

RESEARCH REPORTS

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