Eureka Forbes Limited Fair Value
EUREKAFORB · Consumer Durables · Current price ₹347.55
Is Eureka Forbes Limited undervalued?
We estimate the fair value of Eureka Forbes Limited at ₹204 per share, against a market price of ₹394. That puts the share price about -48.2% above our estimate, at medium confidence. This is our view of what the business is worth, not a target price or a forecast of where the share price will go.
How this fair value is calculated
This estimate comes from 1 method: Discounted cash flow (2-stage) (₹204). Each is weighted by how well its inputs held up for this company. The full working, including the assumptions and what data was missing, is set out below.
The range around this estimate
Our estimate for Eureka Forbes Limited spans ₹183 to ₹224. A margin of safety means buying meaningfully below the estimate: the wider the range, the more room the assumptions leave for error.
How we got this fair value
Every number below is part of the same estimate for Eureka Forbes Limited. Nothing here is a target price or a forecast of where the share price will go.
Workable, with real gaps. Weigh it alongside your own view rather than on its own.
Estimate range ₹183 – ₹224
Why this method for this business
DCF is appropriate for a hyper-growth business with a durable moat and predictable cash flows, especially given the company's strong brand and market position in the consumer durables sector.
The models behind the number
Each method is weighted by how well its inputs held up for this company.
Intrinsic value from 2-stage discounted cash flows (primary for asset-light / normal businesses); FCFE path
- ev_sales: insufficient data on sales multiples and market comparables
What was missing
- Lack of forward-looking sales multiples for EV/S model
- Limited analyst coverage for more granular valuation insights
What drives it
12 inputs, grouped by how strong each claim is
- FCF_0 (normalized)
- 160 ₹cr
- Net debt
- 28.9 ₹cr
fcf_norm (median ≤5y positive)
gross debt (cash n/a)
- Discount rate (r)
- 14.78%
- Beta
- 1.05
COE (building-block)
bottom-up industry
- Stage-1 start growth
- 30%
- Fade shape
- hard
- Terminal growth (g)
- 4.99%
- Stage-1 years
- 12 y
pat_cagr_3y
lifecycle Hyper-Growth
macro terminal × quality premium
lifecycle Hyper-Growth horizon
- Lifecycle stage
- Hyper-Growth
- Quality premium
- 0.997×
forecast engine (L20)
moat None + capital allocation
- Path
- FCFE
- Terminal-value fraction
- 0.411
computed (D/E vs 0.8)
PV_TV / (PV_1+PV_TV)
Who computed this
A language model (qwen3:8b) selects the valuation method and the judgement inputs for Eureka Forbes Limited: which models suit the business, the moat, the growth and margin assumptions. It does not produce the number. The fair value itself is computed in Python by a deterministic engine (version 2026.08.1) from those inputs, so the same inputs always give the same result and every figure above can be traced to a source.
Estimated 14 Sept 2026. Re-run as new financials and news arrive.
How we value stocks
We estimate what a business is worth from its own economics: cash flows, returns on capital, and a multiple justified by its quality, rather than from where the share price has been. A fair value estimate is a view, not a verdict, and it is only as good as the inputs listed above.
Read the full fair-value methodologyMore on Eureka Forbes Limited
DocStoX estimates are computed from reported financials, for informational purposes only, not investment advice. Consult a SEBI-registered advisor before investing.