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Employees: 2,669
Size Eureka Forbes (EUREKAFORB.NS) is an India Industrials company (Industrial Machinery) with a market value of $749M, the 698th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹366.20 on 6 Nov 2026.
Performance Over six months the shares fell 29.2%, against -23.8% for the median peer and 0.0% for the India market (cap-weighted) — 10th lowest of 21 in its peer set.
Growth Revenue grew 12.7% over the last twelve months (peer median +2.4%); the operating margin is 9.0% (peer median 3.4%).
Valuation It trades at 28.9× forward earnings against a peer median of 35.8× (6th cheapest of 12).
Price implies For today's price to make sense, revenue must grow about 34% a year for seven years (Req g). Recent delivered growth is +222%, so the hurdle is -188 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 12.9 points below its cost of capital (17.3% WACC).
Next results Next results expected around 16 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹29.2B | ₹27.1B | ₹24.4B | ₹21.9B | ₹20.8B |
| Revenue growth | — | +11% | +11% | +5% | — |
| Gross profit | ₹9.10B | ₹11.6B | ₹10.2B | ₹9.00B | ₹8.79B |
| EBITDA | ₹3.39B | ₹3.17B | ₹2.67B | ₹1.99B | ₹1.45B |
| Net income | ₹1.92B | ₹1.63B | ₹1.64B | ₹956M | ₹266M |
| Free cash flow | n/a | ₹1.76B | ₹1.91B | ₹1.59B | ₹1.41B |
| Capital expenditure | n/a | ₹879M | ₹597M | ₹284M | ₹213M |
| Total debt | ₹727M | ₹289M | ₹256M | ₹387M | ₹1.40B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | EUREKAFORB.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +4.1% | -6.8% | 4th highest of 21 |
| 6-month return | -29.2% | -23.8% | 10th lowest of 21 |
| Distance from 52-week high | -45.2% | -48.9% | 9th highest of 21 |
| Revenue growth (TTM) | +12.7% | +2.4% | 4th highest of 21 |
| Operating margin | 9.0% | 3.4% | 5th highest of 21 |
| Forward P/E | 28.9× | 35.8× | 6th cheapest of 12 |
| Growth the price implies (Req g, 7 yrs) | 34.3% | 11.8% | 3rd most demanding of 12 |
| Growth delivered (Del g) | +221.8% | +4.7% | highest of 12 |
| Hurdle (Req g minus delivered) | -187.5 pp | +8.7 pp | least demanding of 12 |
| ROIC minus cost of capital | -12.9 pp | -5.9 pp | 5th lowest of 21 |
| EV / EBITDA | 20.0× | n/a | — |
| Net debt / EBITDA | -0.9× | -1.7× | 2nd most indebted of 4 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Eureka Forbes EUREKAFORB.NS | India | $749M | -29% | +13% | 9% | 28.9× | 34.3% | +221.8% |
| Zhejiang Kingland Pipeline and Technologies 002443.SZ | China | $748M | -19% | -6% | 3% | 22.3× | 14.5% | -3.6% |
| Focused Photonics (Hangzhou) 300203.SZ | China | $751M | -16% | -10% | -9% | 284.8× | -4.2% | -6.0% |
| Jiangsu Rainbow Heavy Industries 002483.SZ | China | $745M | -14% | -30% | 10% | 7.8× | -16.0% | +13.6% |
| Motorcomm Electronic Technology 688515.SS | China | $757M | -41% | +54% | -15% | n/a | n/a | n/a |
| Sichuan Crun 002272.SZ | China | $757M | -34% | +11% | -4% | n/a | n/a | n/a |
| Huachangda Intelligent Equipment 300278.SZ | China | $757M | -26% | +28% | -2% | n/a | n/a | n/a |
| Yijiahe Technology 603666.SS | China | $762M | -12% | -39% | -72% | 166.1× | 11.8% | -11.3% |
| Tsurumi Manufacturing 6351.T | Japan | $763M | +14% | +11% | 13% | n/a | -7.6% | +11.2% |
| Jintuo Technology 603211.SS | China | $735M | -33% | +12% | 5% | n/a | n/a | n/a |
| Ningbo Henghe Precision Industry 300539.SZ | China | $732M | -37% | +3% | 6% | n/a | n/a | n/a |
| Vontron Technology 000920.SZ | China | $766M | -6% | +4% | 12% | n/a | 11.1% | +10.0% |
| Jiangsu Ankura Intelligent Electric 300617.SZ | China | $732M | -50% | +5% | 2% | 27.5× | n/a | n/a |
| Zhejiang Chunhui Intelligent Control 300943.SZ | China | $732M | -16% | +10% | 4% | n/a | 57.5% | +1.7% |
| Zhongzhong Science and Technology (Tianjin) 603135.SS | China | $767M | -32% | -3% | 4% | 50.5× | n/a | n/a |
| Hanyu Group Joint Stock 300403.SZ | China | $770M | -22% | +1% | 21% | 19.8× | 13.3% | +4.7% |
| Sinopec Oilfield Equipment 000852.SZ | China | $728M | -31% | -6% | 1% | 63.1× | n/a | n/a |
| Uchida Yoko 8057.T | Japan | $771M | +17% | +26% | 4% | 11.1× | -13.2% | +7.9% |
| Wuhan Huazhong Numerical Control System 300161.SZ | China | $772M | -20% | -2% | -12% | 117.7× | n/a | n/a |
| Hiecise Precision Equipment 300809.SZ | China | $776M | -36% | -13% | 4% | 35.8× | 37.2% | +18.7% |
| Saurer Intelligent Technology 600545.SS | China | $776M | -37% | -7% | -21% | n/a | 22.3% | -6.0% |