Sells water purifiers, vacuum cleaners, air purifiers and water softeners to Indian households, with water purifiers as the legacy category and the broader portfolio positioned as a multi-category health and hygiene range. Vacuum cleaners have shifted towards robotic models, which now make up 65-66% of that category; management is guiding for robotics revenue of more than ₹1,000 crore by FY30. Air purifiers grew 2.7x in FY26, and filters and aftermarket spares have been set up as a new growth vector with a refreshed distribution system and an influencer campaign that generated over 1 billion views. Recurring service revenue comes from annual maintenance contracts (AMC) on the installed base, with double-digit AMC booking growth for four consecutive quarters and a 2-hour service slot promise being rolled out alongside 4-hour turnaround pilots. Q4 FY26 revenue reached ₹684 crore (+11.6% YoY) and adjusted EBITDA margin hit a record 13.2% in the quarter. The largest cost line is materials and components at 40.8% of revenue (FY26); a 6-7% price increase was implemented in April 2026 to counter input cost inflation. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Water purifiers, Vacuum cleaners including robotics, Air purifiers, Water softeners, Filters and aftermarket spares, Service and AMC. Multi-category consumer durables with a recurring AMC service tail; repositioning from a one-category water purifier business to a broader health and hygiene portfolio.
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 382 | 2,085 | 2,189 | 2,437 | 2,709 |
| EBITDA (ex other income) | 18 | 105 | 183 | 270 | 273 |
| margin % | 4.8 | 5.0 | 8.4 | 11.1 | 10.1 |
| Owners' profit | 3 | 27 | 96 | 164 | 163 |
| EPS, as reported (₹) | 0.72 | 1.37 | 4.94 | 8.46 | 8.36 |
| ROE % · ROCE % | 0.1 · 0.2 | 0.6 · 1.2 | 2.3 · 2.7 | 3.7 · 4.2 | 3.5 · 4.0 |
| Debt / equity (x) | 0.06 | 0.03 | 0.01 | 0.01 | 0.00 |
| Cash from operations | 37 | 181 | 194 | 246 | 250 |
| Capex | (5) | 0 | (28) | (60) | (88) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 673 | 598 | 613 | 608 | 772 | 645 | 684 | 700 |
| Profit before tax | 64 | 47 | 66 | 52 | 85 | 14 | 69 | 77 |
| Net profit | 48 | 35 | 49 | 39 | 63 | 10 | 51 | 57 |
| EPS (₹) | 2.47 | 1.81 | 2.56 | 1.99 | 3.23 | 0.52 | 2.62 | 2.93 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| LG ELECTRONICS INDIA LTD | 1,11,217 | 60.9 | 14.51 | — | 22.0 | 27.2 | — | 13.8 |
| VOLTAS LTD | 38,538 | 85.8 | 6.02 | 45.1 | 5.8 | 9.9 | 13.8 | 7.6 |
| BLUE STAR LIMITED | 32,032 | 62.9 | 9.33 | 33.9 | 15.4 | 18.9 | 23.8 | 6.1 |
| AMBER ENTERPRISES (I) LTD | 25,552 | 265.5 | 4.40 | 27.1 | 3.9 | 5.3 | 32.1 | 6.1 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 11 Sept 2026 · Eureka Forbes gets ESG rating of 63.4 from SES for FY 2025-26 | business updates | medium | — | — |
| 9 Sept 2026 · Eureka Forbes gets Crisil ESG rating upgrade to Strong category | business updates | medium | — | — |
| 8 Sept 2026 · CRISIL upgrades Eureka Forbes rating from AA-minus to AA with Stable outlook | credit debt | high | — | — |
| 7 Sept 2026 · Eureka Forbes to attend UBS India Summit 2026 on Sept 10 | board shareholder meetings | low | — | — |
| 3 Sept 2026 · Eureka Forbes allots 80,000 shares under ESOP 2022 | capital market events | low | — | — |
| 2 Sept 2026 · Eureka Forbes allots 50,000 shares under ESOP 2022 | capital market events | low | — | — |
| 25 Aug 2026 · Promoter Lunolux creates additional pledge on 5.90% Eureka Forbes shares | ownership changes | medium | — | — |
| 24 Aug 2026 · Eureka Forbes to meet institutional investors on Aug 27 | board shareholder meetings | low | — | — |
| 19 Aug 2026 · Eureka Forbes 17th AGM: All 3 resolutions passed with requisite majority | board shareholder meetings | medium | — | — |
| 19 Aug 2026 · 17th AGM of Eureka Forbes held via video conferencing | board shareholder meetings | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| CROMPT GREA CON ELEC LTD |
| 14,874 |
| — |
| 4.33 |
| 107.8 |
| (6.7) |
| (2.1) |
| 11.0 |
| 11.0 |
| V-GUARD IND LTD. | 14,215 | 39.1 | 5.99 | 26.8 | 13.0 | 15.5 | 17.0 | 11.2 |
| WHIRLPOOL OF INDIA LTD | 9,683 | 38.6 | 2.33 | 13.9 | 7.1 | 8.1 | 6.4 | 7.6 |
| EUREKA FORBES LIMITED ◆ | 7,643 | 42.5 | 1.66 | 25.3 | 3.5 | 3.9 | — | 13.8 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 42.5 | 42.5 | 10 of 19 | 50% |
| P/B | 1.7 | 4.9 | 2 of 23 | 96% |
| ROCE | 3.9 | 9.4 | 18 of 24 | 26% |
| ROE | 3.5 | 7.1 | 18 of 23 | 23% |
| Debt / Equity | 0.0 | 0.0 | 1 of 23 | 73% |
| EBITDA margin | 13.8 | 7.6 | 5 of 23 | 82% |
| Revenue growth | 15.2 | 15.4 | 12 of 22 | 48% |
| Profit growth | 47.3 | 38.1 | 9 of 21 | 60% |
| Market cap | 7643 | 3977 | 8 of 24 | 70% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
