Eureka Forbes Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for EUREKAFORB, BSE:543482 Eureka Forbes Ltd.

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Eureka Forbes Ltd.

06 Dec 2024

531.55

0.56%

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

Eureka Forbes Ltd. is trading below its 100 day SMA of 557.2

Eureka Forbes Ltd.

09 Oct 2024

531.55

0.56%

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.

Number of FII/FPI investors increased from 90 to 133 in Dec 2024 qtr.

Eureka Forbes Ltd.

16 Sep 2024

531.55

0.56%

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.