Archive · 17 Sep 2025
Eureka Forbes: Buy Rating with 21% Upside Potential
Eureka Forbes, a company making water purifiers, got a positive review from a financial firm called Nuvama.
Nuvama thinks the company's stock is a good buy and expects the price to go up by 21%.
They believe the company will do well because it is the biggest in the water purifier market.
The financial firm predicts the company's revenue and profits will grow significantly in the coming years.
After-sales service, which makes up a big part of their money, is a key to success.
The financial firm also noted that the company is working on new products and marketing to boost sales.
Nuvama initiated coverage on Eureka Forbes with a 'Buy' rating.
Target price set at Rs 700, indicating a 21% upside potential.
Eureka Forbes leads the electric water purifier (EWP) market with a 40-45% share.
Nuvama projects a 14% revenue CAGR for FY25-28E.
After-sales service accounts for 33% of revenue and is a key growth driver.
- Who
- Eureka Forbes
- What
- Received a 'Buy' rating from Nuvama Institutional Equities.
- When
- FY25-28E (projected)
- Where
- India
- Why
- Due to market leadership and growth potential.
Bullish View
Bearish View
Risks
Bullish View
Anticipated growth and success
Bearish View
Delays in after-sales service revamp, or aggressive market competition.
- Company
- Eureka Forbes
- Recommendation
- Buy
- Target Price
- Rs 700
- Upside Potential
- 21%
- Founded
- 1982
- Water Purifier Market Share
- 40-45%
- Revenue CAGR (FY25-28E)
- 14%
