Eureka Forbes (EUREKAFORB) | Financial Analysis & Statements
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Mar 2025Income Metrics
Revenue
6.1B
Gross Profit
3.7B
59.66%
Operating Income
620.0M
10.12%
Net Income
494.8M
8.08%
Balance Sheet Metrics
Total Assets
63.4B
Total Liabilities
19.3B
Shareholders Equity
44.1B
Debt to Equity
0.44
Cash Flow Metrics
Revenue & Profitability Trend
Eureka Forbes Income Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 24.4B | 21.8B | 20.8B | 3.8B | 78.5M |
| Cost of Goods Sold | 10.1B | 8.9B | 8.3B | 1.6B | 68.1M |
| Gross Profit | 14.3B | 13.0B | 12.5B | 2.2B | 10.3M |
| Gross Margin % | 58.6% | 59.3% | 59.9% | 57.6% | 13.2% |
| Operating Expenses | |||||
| Research & Development | - | - | - | - | - |
| Selling, General & Administrative | - | 3.0B | 3.1B | 628.4M | 2.4M |
| Other Operating Expenses | 8.3B | 4.5B | 4.7B | 845.9M | 6.4M |
| Total Operating Expenses | 8.3B | 7.5B | 7.8B | 1.5B | 8.8M |
| Operating Income | 2.1B | 1.4B | 886.9M | 100.8M | -14.6M |
| Operating Margin % | 8.5% | 6.6% | 4.3% | 2.6% | -18.6% |
| Non-Operating Items | |||||
| Interest Income | - | 20.6M | 4.4M | 2.6M | 320.0K |
| Interest Expense | 56.3M | 95.1M | 198.0M | 43.5M | 2.0M |
| Other Non-Operating Income | - | - | - | - | - |
| Pre-tax Income | 2.2B | 1.3B | 385.1M | 70.6M | -16.2M |
| Income Tax | 562.8M | 328.2M | 120.4M | 44.5M | 79.0K |
| Effective Tax Rate % | 25.5% | 25.5% | 31.3% | 63.0% | 0.0% |
| Net Income | 1.6B | 956.5M | 264.7M | 26.2M | -16.3M |
| Net Margin % | 6.7% | 4.4% | 1.3% | 0.7% | -20.8% |
| Key Metrics | |||||
| EBITDA | 2.8B | 2.0B | 1.5B | 206.4M | -12.8M |
| EPS (Basic) | ₹8.46 | ₹4.94 | ₹1.37 | ₹0.72 | ₹-0.08 |
| EPS (Diluted) | ₹8.46 | ₹4.94 | ₹1.37 | ₹0.72 | ₹-0.08 |
| Basic Shares Outstanding | 194326714 | 193479240 | 193479240 | 36269259 | 193479240 |
| Diluted Shares Outstanding | 194326714 | 193479240 | 193479240 | 36269259 | 193479240 |
Income Statement Trend
Eureka Forbes Balance Sheet From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | |||||
| Cash & Equivalents | 955.1M | 613.2M | 185.5M | 177.6M | 2.0M |
| Short-term Investments | 2.2B | 911.7M | 783.4M | 627.0M | 3.4M |
| Accounts Receivable | 1.8B | 1.4B | 1.2B | 1.5B | 23.6M |
| Inventory | 2.5B | 2.5B | 2.2B | 2.9B | 20.4M |
| Other Current Assets | 530.3M | 9.5M | 9.7M | 9.0M | 3.2M |
| Total Current Assets | 8.0B | 6.1B | 5.0B | 5.6B | 52.6M |
| Non-Current Assets | |||||
| Property, Plant & Equipment | 3.1B | 39.9M | 40.0M | 33.3M | 981.0K |
| Goodwill | 72.2B | 72.3B | 72.5B | 72.7B | 77.0K |
| Intangible Assets | 31.0B | 31.2B | 31.3B | 31.5B | 77.0K |
| Long-term Investments | - | - | - | - | - |
| Other Non-Current Assets | 274.4M | 127.9M | -1.0K | 136.0M | 11.7M |
| Total Non-Current Assets | 55.4B | 55.2B | 55.3B | 55.6B | 18.8M |
| Total Assets | 63.4B | 61.3B | 60.3B | 61.3B | 71.4M |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | 1.8B | 1.9B | 2.1B | 2.2B | 47.7M |
| Short-term Debt | 100.8M | 346.5M | 1.1B | 2.0B | 15.1M |
| Current Portion of Long-term Debt | - | - | - | - | - |
| Other Current Liabilities | 4.1B | 517.9M | 410.2M | 461.3M | 2.1M |
| Total Current Liabilities | 9.5B | 9.5B | 9.5B | 10.3B | 69.8M |
| Non-Current Liabilities | |||||
| Long-term Debt | 154.7M | 41.0M | 332.8M | 556.9M | 0 |
| Deferred Tax Liabilities | 8.1B | 8.1B | 8.2B | 8.3B | - |
| Other Non-Current Liabilities | 1.5B | 27.1M | 46.9M | 65.2M | - |
| Total Non-Current Liabilities | 9.8B | 9.5B | 9.8B | 10.2B | 219.0K |
| Total Liabilities | 19.3B | 19.0B | 19.3B | 20.5B | 70.0M |
| Equity | |||||
| Common Stock | 1.9B | 1.9B | 1.9B | 1.9B | 48.3M |
| Retained Earnings | - | 1.1B | 196.4M | -21.7M | -46.9M |
| Treasury Stock | - | - | - | - | - |
| Other Equity | - | - | - | - | - |
| Total Shareholders Equity | 44.1B | 42.3B | 41.0B | 40.8B | 1.4M |
| Key Metrics | |||||
| Total Debt | 255.5M | 387.4M | 1.4B | 2.6B | 15.1M |
| Working Capital | -1.5B | -3.4B | -4.6B | -4.7B | -17.2M |
Balance Sheet Composition
Eureka Forbes Cash Flow Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 2.2B | 1.3B | 385.1M | 70.6M | -16.2M |
| Depreciation & Amortization | - | - | - | - | - |
| Stock-Based Compensation | 220.9M | 344.9M | 0 | - | - |
| Working Capital Changes | -448.7M | -243.1M | 472.3M | 108.1M | 14.3M |
| Operating Cash Flow | 2.1B | 1.6B | 1.5B | 220.4M | -101.0K |
| Investing Activities | |||||
| Capital Expenditures | -555.5M | -250.1M | -132.4M | -40.0M | 0 |
| Acquisitions | - | - | - | - | - |
| Investment Purchases | -1.2B | -336.8M | -915.5M | 0 | - |
| Investment Sales | 0 | 250.0M | 780.4M | 107.0K | - |
| Investing Cash Flow | -1.8B | -336.9M | -267.5M | -39.9M | 0 |
| Financing Activities | |||||
| Share Repurchases | - | - | - | - | - |
| Dividends Paid | - | - | - | - | - |
| Debt Issuance | - | - | - | - | - |
| Debt Repayment | -250.0M | -249.6M | -250.4M | -908.0K | 0 |
| Financing Cash Flow | -250.0M | -963.6M | -1.2B | -232.7M | 0 |
| Free Cash Flow | 1.9B | 1.7B | 1.6B | 313.4M | 938.0K |
| Net Change in Cash | 45.3M | 314.6M | -29.5M | -52.2M | -101.0K |
Cash Flow Trend
Eureka Forbes Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
69.02
Forward P/E
47.37
Price to Book
2.66
Price to Sales
4.71
PEG Ratio
3.47
Profitability Ratios
Profit Margin
6.86%
Operating Margin
7.51%
Return on Equity
3.73%
Return on Assets
2.59%
Financial Health
Current Ratio
0.84
Debt to Equity
0.58
Beta
0.02
Per Share Data
EPS (TTM)
₹8.78
Book Value per Share
₹228.03
Revenue per Share
₹128.09
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| eurekaforb | 118.0B | 69.02 | 2.66 | 3.73% | 6.86% | 0.58 |
| Voltas Limited | 475.7B | 71.43 | 7.28 | 12.86% | 4.49% | 13.64 |
| Amber Enterprises | 264.1B | 96.16 | 11.53 | 10.54% | 2.50% | 89.11 |
| Whirlpool of India | 172.2B | 47.40 | 4.36 | 9.00% | 4.60% | 7.13 |
| Cello World | 133.6B | 40.48 | 6.16 | 14.07% | 14.83% | 0.22 |
| Ttk Prestige | 93.1B | 95.27 | 4.92 | 6.00% | 3.56% | 9.59 |
Financial data is updated regularly. All figures are in the company's reporting currency.