Eureka Forbes share price today

Eureka Forbes Ltd's share price was ₹351.60 at the close on 4 November 2026. It has been falling for 36 weeks. That is 21.0% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹310 and ₹652, and at that close it sat 12% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Eureka Forbes Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 32 weeks running.

Over the last 4.6 years the share price moved −7% while the NIFTY 500 moved +47%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 8 May 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Two changes stood out: revenue up on a year earlier for 11 quarters in a row (every quarter we can compare) and foreign funds (FIIs) cut their stake for 3 quarters in a row.

1. Revenue up on a year earlier for 11 quarters in a row (every quarter we can compare)

   In the June 2026 quarter revenue was ₹700 crore, +15.1% on a year earlier.

   Why: Revenue rose because the company sold more water purifiers.

   Next results: check whether revenue growth speeds up this year as management expects.

   From the earnings call on 13 Aug 2026.

2. Foreign funds (FIIs) cut their stake for 3 quarters in a row

   From 13.9% to 13.2% of the company by the September 2026 quarter.

For April to June 2026 (the quarter ended 30 June 2026), Eureka Forbes reported revenue of ₹700 crore, up 15.1% from ₹608 crore a year earlier, and a profit of ₹57.0 crore, up 46.2% from ₹39.0 crore.

Eureka Forbes results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Eureka Forbes' management discussed these results on a call held on 13 August 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

Eureka Forbes closed at ₹351.60 on 4 November 2026, down 34.3% from ₹534.80 a year earlier (7 November 2025) and down 29.2% over three years. Its highest weekly close since March 2022 was ₹652.15 on 28 November 2025.

Eureka Forbes share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

246 weekly closes from 25 March 2022 to 4 November 2026.

4 Nov 2026: Eureka Forbes closed at ₹351.60, up 12.5% on the week and up 0.0% on the month. 13 Aug 2026: Eureka Forbes held its results call for April to June 2026. Management guided: FY27 full-year revenue growth to show a clear step-up.

Earlier

• Results for April to June 2026: Revenue up 15.1% and profit up 46.2% on a year earlier.

Eureka Forbes has paid no dividend on the NSE since its first NSE close in our records (25 March 2022), the start of the period we checked.

No. Eureka Forbes Ltd paid out 0% of its profit as dividends in each of its last 11 reported years, so there is no payout history to show. That comes from the filed annual statements, not an estimate.

From the NSE corporate-actions record, read 5 November 2026.

On the call for April to June 2026, held on 13 August 2026, Eureka Forbes' management guided: FY27 full-year revenue growth to show a clear step-up.

Pratik Pota, Managing Director & CEO, on the call for April to June 2026

What management guided

• FY27 full-year operating margin broadly in line with last year.
• Q2 service revenue growth similar to Q1; filters expected to grow ahead of AMC over the long-term plan.
• FY27 A&SP spending ahead of revenue growth, focused on in-store presence and consumer finance.
• FY27 ESOP expense ₹25-26 crore.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 13 August 2026.

When Eureka Forbes reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Service revenue to keep the Q2 trajectory; monitor AMC booking normalization and filter growth as offsets to renewal deferrals.

Eureka Forbes is on one of our India lists: 52 week high & low.

Eureka Forbes Ltd earned ₹57.0 Cr of net profit in the Jun 2026 quarter, +46.2% on the same quarter a year earlier. That is the 2nd quarter in a row of profit growth. Full-year FY26 profit was ₹163 Cr. That is 8.1% of the quarter's revenue. The same quarter a year earlier earned ₹39.0 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹163 Cr (−0.6% on the year before).

Why profit moved: revenue changed +15.1% on a year earlier and the margin moved +0.0 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed +2.5% and revenue +12.3%. Profit is growing slower than sales: rising costs are taking part of the growth.

Eureka Forbes Ltd reported ₹700 Cr of revenue in the Jun 2026 quarter, +15.1% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 10 years it has grown 58.0% a year on average. The last full year, FY26, came in at ₹2,709 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹2,801 Cr.

FY26 revenue was ₹2,709 Cr, +11.2% on the year before.

Recent pace: the last four quarters grew +12.3% on average, against 58.0% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +12.4%, against +11.9% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +5.8%, against +33.2% a year (rolling over).

Eureka Forbes Ltd's operating margin was 10.0% in the Jun 2026 quarter, about the same as the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 11 years it has been between −17.0% and 12.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

In the latest quarter it moved +0.0 percentage points on the same quarter a year ago.

Why the margin moved: operating margin changed −0.2 percentage points on the year while gross margin changed −1.3 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

As noted under valuation: when margins are at a record, every ratio built on profit looks better than usual, so a low multiple can mislead.

Over the last 3 years, 163% of Eureka Forbes Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹250 Cr of operating cash against ₹163 Cr of profit. After ₹115 Cr of spending on assets, ₹135 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 163% of profit came in as cash: the cash cycle got 117 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives.

What to look at next: no single use of cash stands out. The next section checks both the cash tied up in daily operations and the spending on assets.

Eureka Forbes Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 80 days in FY26, up from −37 days in FY21. It spent ₹217 Cr on assets over the last 3 years. Customers take 31 days to pay, and stock sits for 123 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹2,709 Cr, each day of that cycle ties up about ₹7.4 Cr, so roughly ₹594 Cr is tied up in the business at any time.

FY26: customers took 31 days to pay and stock sat for 123 days, about 4.0 months of sales sitting as stock, for a full cycle of 80 days, longer than FY21's −37.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 123 days. Customers pay about 31 days after that. Suppliers are paid at 75 days. Together that makes the 80-day cycle.

Spending on assets: ₹217 Cr over the last 3 years, against ₹181 Cr of depreciation (the yearly wear and tear on existing assets). So it is building a little beyond replacing what wears out. Work still in progress is ₹7.0 Cr (FY26): assets paid for that are not earning yet.

In short: neither the daily cycle nor new spending is soaking up the cash, so the picture is fairly clean.

Eureka Forbes Ltd's P/E is 33.5×, about the lowest it has ever been. Its usual P/E (the middle reading) is 83.2×, over 3.9 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹9.36.

Keep one thing in mind: margins are the best this company has ever reported. A multiple that looks low against its own past can mislead when profit is at a record. If margins fall back, today's multiple is higher than it looks.

Why the multiple is where it is: over the past year earnings per share moved −1.1% while the price moved −34.3%. Earnings did better than the price, which pulled the multiple down within its own range.

Where the price move came from: over 3 years the price moved −10.9% a year; about +48.4% a year came from earnings growth and about −59.3 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple.

In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple.

Eureka Forbes Ltd's business is giving mixed signals. Growth is slowing from a very fast pace: profit growth has eased from +3842.5% at its peak to +5.8%, but the business is still expanding, with ROCE steady at 4.6%. This is based on 12 quarters of 4 measures.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: when the lines disagree, each line above matters more than any single label.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Eureka Forbes Ltd earned a ROCE of 6% in FY26. That is up from a low of −58% in FY21. Its return on capital used (ROIC) is 7.4 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses.

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

It comes from a 6.0% net margin and 0.40× asset turnover (sales divided by assets).

Why the return is what it is (FY26): a 6.0% net margin × 0.40× asset turnover × 1.46× leverage (assets divided by equity) ≈ 3.5% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed.

The key test, return on capital used minus the cost of capital: 4.6% − 12.0% = −7.4 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve.

Eureka Forbes Ltd has total debt of ₹29.0 Cr against shareholder equity of ₹4,600 Cr as of Jun 2026, so its debt is 0.01× its equity, which is very little. Year by year, that ratio went from 0.06 in FY22 to 0.01 in FY26. So the returns on this page come from the business, not from borrowed money.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

No group of Eureka Forbes Ltd's owners changed its stake by a full percentage point over the last two years. Promoters moved −0.1 points over the same period, to 62.5%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Over the last two years: Foreign institutions: +0.6 points over 8 quarters, to 13.2%; Promoters: −0.1 points over 8 quarters, to 62.5%; Domestic institutions: +0.0 points over 8 quarters, to 6.7%.

For Eureka Forbes Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

52.1 out of 100, rank 5 of 13 in Consumer Electronics, with 74% of the evidence available.

Eureka Forbes Ltd scores 52.1 out of 100 against the 13 companies it is compared with in Consumer Electronics, ranking 5. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.

The four parts add up to the total exactly: 21.2 + 9.7 + 13.4 + 7.8 = 52.1. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

Eureka Forbes ranks 5 of 13 Consumer Electronics companies on the 4-Factor Sector Score, with 52.1 out of 100.