Buy Eureka Forbes, target price Rs 700: ICICI Securities

ICICI Securities has buy call on Eureka Forbes with a target price of Rs 700. The current market price of Eureka Forbes Ltd. is Rs 500.85.

Eureka Forbes Ltd., incorporated in the year 2008, is a Small Cap company (having a market cap of Rs 9659.45 Crore) operating in Consumer Durables sector.

Eureka Forbes Ltd. key Products/Revenue Segments include for the year ending .



Financials
For the quarter ended 30-06-2023, the company reported a Consolidated Total Income of Rs 506.83 Crore, down -1.11 % from last quarter Total Income of Rs 512.53 Crore and down -3.87 % from last year same quarter Total Income of Rs 527.21 Crore. Company reported net profit after tax of Rs 25.45 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 73.23 per cent stake in the company as of 31-Dec-2022, while FIIs owned 11.54 per cent, DIIs 1.38 per cent.