{"id":299687,"date":"2026-10-09T17:17:37","date_gmt":"2026-10-09T11:47:37","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=299687"},"modified":"2026-10-09T17:17:37","modified_gmt":"2026-10-09T11:47:37","slug":"eureka-forbes-share-price-target-2027","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/eureka-forbes-share-price-target-2027\/","title":{"rendered":"Eureka Forbes Share Price Target 2027: Base and Bull Targets Built on FY26 Earnings"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Eureka Forbes share price Rs 338.65 (9 October 2026). Base target Rs 408, bull Rs 489, downside risk Rs 272. PE 36.38. 52W range Rs 338.00 to Rs 668.30.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">The Eureka Forbes share price target for 2027 is Rs 408, about 20.5% above the current price of Rs 338.65. The bull case is Rs 489, and the downside risk level, which is not a target, is Rs 272. The base case assumes earnings per share grow 20.0% a year, a cap applied because the FY24 to FY26 pace was 30.2%, with the stock holding its PE of 36.38. These are model-based estimates built from reported financials, not guaranteed outcomes.<\/p>\n<\/p><\/div>\n<p>Investors weighing a Eureka Forbes target price for 2027 should start with where the stock sits today. At Rs 338.65 on 9 October 2026, it is 49.3% below its 52-week high of Rs 668.30 and 0.2% above its 52-week low of Rs 338.00. That range spans 98% from low to high, so the entry point matters as much as the Eureka Forbes price forecast itself.<\/p>\n<p>This article builds the Eureka Forbes share price target from reported numbers only: five years of annual results, the last five quarters, the latest shareholding pattern and current valuation ratios from company filings and exchange data. Each scenario shows its assumptions, so you can see exactly how the Rs 408 base case and the Rs 489 bull case were reached, along with a downside risk level of Rs 272.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=eureka-forbes-share-price-target-2027\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/eureka-forbes-share-price-target-2027\/#Eureka_Forbes_Stock_Analysis_Company_Overview_and_Key_Stats\" title=\"Eureka Forbes Stock Analysis: Company Overview and Key Stats\">Eureka Forbes Stock Analysis: Company Overview and Key Stats<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/eureka-forbes-share-price-target-2027\/#Why_Is_Eureka_Forbes_Share_Price_Target_Set_at_Rs_408_for_2027\" title=\"Why Is Eureka Forbes Share Price Target Set at Rs 408 for 2027?\">Why Is Eureka Forbes Share Price Target Set at Rs 408 for 2027?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/eureka-forbes-share-price-target-2027\/#Earnings_Growth_Behind_the_Eureka_Forbes_Target_Price_Five_Years_of_Results\" title=\"Earnings Growth Behind the Eureka Forbes Target Price: Five Years of Results\">Earnings Growth Behind the Eureka Forbes Target Price: Five Years of Results<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/eureka-forbes-share-price-target-2027\/#Margins_and_the_Latest_Quarter\" title=\"Margins and the Latest Quarter\">Margins and the Latest Quarter<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/eureka-forbes-share-price-target-2027\/#Balance_Sheet_and_Cash_Flow\" title=\"Balance Sheet and Cash Flow\">Balance Sheet and Cash Flow<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/eureka-forbes-share-price-target-2027\/#Valuation_Check_for_the_Eureka_Forbes_Stock_Target_PE_Price_to_Book_and_ROE\" title=\"Valuation Check for the Eureka Forbes Stock Target: PE, Price to Book and ROE\">Valuation Check for the Eureka Forbes Stock Target: PE, Price to Book and ROE<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/eureka-forbes-share-price-target-2027\/#Shareholding_Pattern_and_Institutional_Holding\" title=\"Shareholding Pattern and Institutional Holding\">Shareholding Pattern and Institutional Holding<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/eureka-forbes-share-price-target-2027\/#Eureka_Forbes_Share_Price_Targets_for_the_Short_Term_and_12_Months\" title=\"Eureka Forbes Share Price Targets for the Short Term and 12 Months\">Eureka Forbes Share Price Targets for the Short Term and 12 Months<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/eureka-forbes-share-price-target-2027\/#Short_Term_Eureka_Forbes_Stock_Target_Levels_Technical_Setup\" title=\"Short Term Eureka Forbes Stock Target Levels: Technical Setup\">Short Term Eureka Forbes Stock Target Levels: Technical Setup<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/eureka-forbes-share-price-target-2027\/#12_Month_Eureka_Forbes_Target_Price_for_2027\" title=\"12 Month Eureka Forbes Target Price for 2027\">12 Month Eureka Forbes Target Price for 2027<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/eureka-forbes-share-price-target-2027\/#How_EPS_Growth_and_PE_Multiple_Change_the_Eureka_Forbes_Target_Price\" title=\"How EPS Growth and PE Multiple Change the Eureka Forbes Target Price\">How EPS Growth and PE Multiple Change the Eureka Forbes Target Price<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/eureka-forbes-share-price-target-2027\/#Bull_Case_and_Downside_Risk_for_Eureka_Forbes_Stock_Target_in_2027\" title=\"Bull Case and Downside Risk for Eureka Forbes Stock Target in 2027\">Bull Case and Downside Risk for Eureka Forbes Stock Target in 2027<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/eureka-forbes-share-price-target-2027\/#Bull_Case_Rs_489\" title=\"Bull Case Rs 489\">Bull Case Rs 489<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/eureka-forbes-share-price-target-2027\/#Downside_Risk_Level_Rs_272\" title=\"Downside Risk Level Rs 272\">Downside Risk Level Rs 272<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/eureka-forbes-share-price-target-2027\/#Key_Risks_to_the_Eureka_Forbes_Target_Price_for_2027\" title=\"Key Risks to the Eureka Forbes Target Price for 2027\">Key Risks to the Eureka Forbes Target Price for 2027<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/eureka-forbes-share-price-target-2027\/#Growth_Slowdown_Risk_for_the_Eureka_Forbes_Price_Target\" title=\"Growth Slowdown Risk for the Eureka Forbes Price Target\">Growth Slowdown Risk for the Eureka Forbes Price Target<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/eureka-forbes-share-price-target-2027\/#Liquidity_and_Size_Risk\" title=\"Liquidity and Size Risk\">Liquidity and Size Risk<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/eureka-forbes-share-price-target-2027\/#Valuation_and_Margin_Risk\" title=\"Valuation and Margin Risk\">Valuation and Margin Risk<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/eureka-forbes-share-price-target-2027\/#Market_and_Technical_Risk\" title=\"Market and Technical Risk\">Market and Technical Risk<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/univest.in\/blogs-2\/eureka-forbes-share-price-target-2027\/#How_to_Invest_in_Eureka_Forbes\" title=\"How to Invest in Eureka Forbes\">How to Invest in Eureka Forbes<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/univest.in\/blogs-2\/eureka-forbes-share-price-target-2027\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/univest.in\/blogs-2\/eureka-forbes-share-price-target-2027\/#FAQs_on_Eureka_Forbes_Share_Price_Target_2027\" title=\"FAQs on Eureka Forbes Share Price Target 2027\">FAQs on Eureka Forbes Share Price Target 2027<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/univest.in\/blogs-2\/eureka-forbes-share-price-target-2027\/#What_is_the_Eureka_Forbes_share_price_target_for_2027\" title=\"What is the Eureka Forbes share price target for 2027?\">What is the Eureka Forbes share price target for 2027?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/univest.in\/blogs-2\/eureka-forbes-share-price-target-2027\/#What_is_the_Eureka_Forbes_share_price_today\" title=\"What is the Eureka Forbes share price today?\">What is the Eureka Forbes share price today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/univest.in\/blogs-2\/eureka-forbes-share-price-target-2027\/#Is_Eureka_Forbes_a_buy_or_sell_at_the_current_price\" title=\"Is Eureka Forbes a buy or sell at the current price?\">Is Eureka Forbes a buy or sell at the current price?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-26\" href=\"https:\/\/univest.in\/blogs-2\/eureka-forbes-share-price-target-2027\/#What_are_the_bull_case_target_and_downside_risk_level_for_Eureka_Forbes_shares\" title=\"What are the bull case target and downside risk level for Eureka Forbes shares?\">What are the bull case target and downside risk level for Eureka Forbes shares?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-27\" href=\"https:\/\/univest.in\/blogs-2\/eureka-forbes-share-price-target-2027\/#What_are_the_main_risks_to_the_Eureka_Forbes_price_target\" title=\"What are the main risks to the Eureka Forbes price target?\">What are the main risks to the Eureka Forbes price target?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-28\" href=\"https:\/\/univest.in\/blogs-2\/eureka-forbes-share-price-target-2027\/#What_is_the_PE_ratio_of_Eureka_Forbes_and_how_does_it_compare_with_the_industry\" title=\"What is the PE ratio of Eureka Forbes and how does it compare with the industry?\">What is the PE ratio of Eureka Forbes and how does it compare with the industry?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-29\" href=\"https:\/\/univest.in\/blogs-2\/eureka-forbes-share-price-target-2027\/#Who_owns_Eureka_Forbes_and_what_is_the_promoter_holding\" title=\"Who owns Eureka Forbes, and what is the promoter holding?\">Who owns Eureka Forbes, and what is the promoter holding?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-30\" href=\"https:\/\/univest.in\/blogs-2\/eureka-forbes-share-price-target-2027\/#What_were_Eureka_Forbes_latest_quarterly_results\" title=\"What were Eureka Forbes&#8217; latest quarterly results?\">What were Eureka Forbes&#8217; latest quarterly results?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Eureka_Forbes_Stock_Analysis_Company_Overview_and_Key_Stats\"><\/span><strong>Eureka Forbes Stock Analysis: Company Overview and Key Stats<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Eureka Forbes (NSE: EUREKAFORB) has a market capitalisation of Rs 6,584 crore. In FY26 it reported revenue of Rs 2,733 crore and net profit of Rs 162.62 crore. The table collects the figures the Eureka Forbes share price target is built on.<\/p>\n<table style=\"border-collapse:collapse;width:100%;\" border=\"1\" cellpadding=\"8\">\n<tr>\n<th>Metric<\/th>\n<th>Value<\/th>\n<\/tr>\n<tr>\n<td>Company<\/td>\n<td><a href=\"https:\/\/univest.in\/stocks\/eurekaforb\/eureka-forbes-ltd-share-price-today\">Eureka Forbes<\/a><\/td>\n<\/tr>\n<tr>\n<td>NSE Ticker<\/td>\n<td>EUREKAFORB<\/td>\n<\/tr>\n<tr>\n<td>CMP (9 October 2026)<\/td>\n<td>Rs 338.65<\/td>\n<\/tr>\n<tr>\n<td>52-Week High<\/td>\n<td>Rs 668.30<\/td>\n<\/tr>\n<tr>\n<td>52-Week Low<\/td>\n<td>Rs 338.00<\/td>\n<\/tr>\n<tr>\n<td>Market Cap<\/td>\n<td>Rs 6,584 crore<\/td>\n<\/tr>\n<tr>\n<td>PE Ratio (TTM)<\/td>\n<td>36.38<\/td>\n<\/tr>\n<tr>\n<td>Industry PE<\/td>\n<td>45.71<\/td>\n<\/tr>\n<tr>\n<td>Price to Book<\/td>\n<td>1.43<\/td>\n<\/tr>\n<tr>\n<td>Return on Equity<\/td>\n<td>4.18%<\/td>\n<\/tr>\n<tr>\n<td>Debt to Equity<\/td>\n<td>0.01<\/td>\n<\/tr>\n<tr>\n<td>EPS (TTM)<\/td>\n<td>Rs 9.35<\/td>\n<\/tr>\n<tr>\n<td>Dividend Yield<\/td>\n<td>0.00%<\/td>\n<\/tr>\n<tr>\n<td>12-Month Base Target<\/td>\n<td>Rs 408<\/td>\n<\/tr>\n<tr>\n<td>Bull Case<\/td>\n<td>Rs 489<\/td>\n<\/tr>\n<tr>\n<td>Downside Risk Level (not a target)<\/td>\n<td>Rs 272<\/td>\n<\/tr>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Why_Is_Eureka_Forbes_Share_Price_Target_Set_at_Rs_408_for_2027\"><\/span><strong>Why Is Eureka Forbes Share Price Target Set at Rs 408 for 2027?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The base-case Eureka Forbes stock target of Rs 408 applies a PE multiple of 36.38 to a forward EPS estimate of Rs 11.22. That EPS assumes 20.0% yearly growth, the pace from FY24 to FY26, and puts the target 20.5% above the current price. The bull case adds faster earnings growth and a higher multiple, while the downside risk level assumes flat earnings and a lower multiple.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Earnings_Growth_Behind_the_Eureka_Forbes_Target_Price_Five_Years_of_Results\"><\/span><strong>Earnings Growth Behind the Eureka Forbes Target Price: Five Years of Results<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Eureka Forbes grew revenue from Rs 384.08 crore in FY22 to Rs 2,733 crore in FY26, a compound annual growth rate of 63.3%. Net profit grew faster, from Rs 2.62 crore to Rs 162.62 crore (180.7% a year), which shows margin gains did part of the work and not just higher sales.<\/p>\n<table style=\"border-collapse:collapse;width:100%;\" border=\"1\" cellpadding=\"8\">\n<tr>\n<th>Financial Year<\/th>\n<th>Revenue (Rs Cr)<\/th>\n<th>Net Profit (Rs Cr)<\/th>\n<th>EPS (Rs)<\/th>\n<th>Dividend per Share (Rs)<\/th>\n<\/tr>\n<tr>\n<td>FY22<\/td>\n<td>384.08<\/td>\n<td>2.62<\/td>\n<td>0.72<\/td>\n<td>0.00<\/td>\n<\/tr>\n<tr>\n<td>FY23<\/td>\n<td>2,094.74<\/td>\n<td>26.47<\/td>\n<td>1.37<\/td>\n<td>0.00<\/td>\n<\/tr>\n<tr>\n<td>FY24<\/td>\n<td>2,198.03<\/td>\n<td>95.65<\/td>\n<td>4.93<\/td>\n<td>0.00<\/td>\n<\/tr>\n<tr>\n<td>FY25<\/td>\n<td>2,451.48<\/td>\n<td>164.41<\/td>\n<td>8.46<\/td>\n<td>0.00<\/td>\n<\/tr>\n<tr>\n<td>FY26<\/td>\n<td>2,732.80<\/td>\n<td>162.62<\/td>\n<td>8.36<\/td>\n<td>0.00<\/td>\n<\/tr>\n<\/table>\n<p>FY26 revenue growth was 11.5%, slower than the four-year average of 63.3%, and net profit moved down 1.1%. EPS rose from Rs 4.93 in FY24 to Rs 8.36 in FY26. The FY27 outlook depends on whether that EPS estimate keeps compounding.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Margins_and_the_Latest_Quarter\"><\/span><strong>Margins and the Latest Quarter<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Eureka Forbes converted 6.0% of FY26 revenue into net profit, against 6.7% in FY25, within a five-year range of 0.7% to 6.7%. EBITDA margin was 10.9% in FY26 versus 11.6% in FY25.<\/p>\n<p>In the June 2026 quarter, revenue was Rs 707.85 crore, up 15.0% from the same quarter a year earlier, while net profit of Rs 56.99 crore was up 47.3%. EBITDA came in at Rs 76.84 crore, up 11.5% year on year. The next quarterly result is the first test of whether the earnings assumption holds.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Balance_Sheet_and_Cash_Flow\"><\/span><strong>Balance Sheet and Cash Flow<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Debt to equity stands at 0.01, and shareholders&#8217; equity grew from Rs 4,077 crore in FY22 to Rs 4,600 crore in FY26. Operating cash flow in FY26 was Rs 250.20 crore against capital expenditure of Rs 87.95 crore, leaving free cash flow of Rs 162.25 crore, or 2.5% of the current market capitalisation. In FY25 free cash flow was Rs 186.34 crore.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Valuation_Check_for_the_Eureka_Forbes_Stock_Target_PE_Price_to_Book_and_ROE\"><\/span><strong>Valuation Check for the Eureka Forbes Stock Target: PE, Price to Book and ROE<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>At a PE of 36.38 against an industry PE of 45.71, Eureka Forbes trades at a discount to its industry. Price to book is 1.43 on a book value of Rs 237.60 per share, and return on equity is 4.18%. A PE of 36.38 equals an earnings yield of 2.7%, and the FY26 dividend of Rs 0.00 per share gives a yield of 0.00%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Shareholding_Pattern_and_Institutional_Holding\"><\/span><strong>Shareholding Pattern and Institutional Holding<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Promoters held 62.55% of Eureka Forbes in June 2026, and promoter holding has stayed near 62.55% since June 2025. Foreign institutional investors (FII) held 13.25% and domestic institutions (DII) held 6.70%, which puts total institutional holding at 19.95%. FII holding fell from 14.00% in June 2025 to 13.25% in June 2026. Public shareholders own the remaining 17.50%. A meaningful institutional holding adds a layer of research coverage and trading depth.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Eureka_Forbes_Share_Price_Targets_for_the_Short_Term_and_12_Months\"><\/span><strong>Eureka Forbes Share Price Targets for the Short Term and 12 Months<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Short_Term_Eureka_Forbes_Stock_Target_Levels_Technical_Setup\"><\/span><strong>Short Term Eureka Forbes Stock Target Levels: Technical Setup<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>At Rs 338.65 on 9 October 2026, Eureka Forbes trades below its 50-day simple moving average of Rs 408.44 and below its 200-day exponential moving average of Rs 461.80. The 14-day RSI reads 19.1, which is oversold territory, and the MACD line sits below its signal line. The nearest resistance level is Rs 408.44 (50-day simple moving average) and the nearest support is Rs 338.00 (52-week low). A sustained move above Rs 408.44 would improve the short-term setup, while a close below Rs 338.00 would shift attention to the next support.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"12_Month_Eureka_Forbes_Target_Price_for_2027\"><\/span><strong>12 Month Eureka Forbes Target Price for 2027<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The 12-month target for Eureka Forbes is Rs 408: forward EPS of Rs 11.22 at a PE of 36.38. That is 20.5% above Rs 338.65. It would still leave the stock 38.9% below its 52-week high of Rs 668.30.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_EPS_Growth_and_PE_Multiple_Change_the_Eureka_Forbes_Target_Price\"><\/span><strong>How EPS Growth and PE Multiple Change the Eureka Forbes Target Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table style=\"border-collapse:collapse;width:100%;\" border=\"1\" cellpadding=\"8\">\n<tr>\n<th>EPS Growth<\/th>\n<th>PE 29.10<\/th>\n<th>PE 36.38<\/th>\n<th>PE 41.84<\/th>\n<\/tr>\n<tr>\n<td>0.0% (EPS Rs 9.35)<\/td>\n<td>Rs 272<\/td>\n<td>Rs 340<\/td>\n<td>Rs 391<\/td>\n<\/tr>\n<tr>\n<td>20.0% (EPS Rs 11.22)<\/td>\n<td>Rs 327<\/td>\n<td>Rs 408<\/td>\n<td>Rs 469<\/td>\n<\/tr>\n<tr>\n<td>25.0% (EPS Rs 11.69)<\/td>\n<td>Rs 340<\/td>\n<td>Rs 425<\/td>\n<td>Rs 489<\/td>\n<\/tr>\n<\/table>\n<p>Each cell multiplies the forward EPS estimate by the PE shown. Reading across a row shows what a de-rating or re-rating does to the Eureka Forbes price forecast, and reading down a column shows what earnings growth is worth at a fixed multiple.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bull_Case_and_Downside_Risk_for_Eureka_Forbes_Stock_Target_in_2027\"><\/span><strong>Bull Case and Downside Risk for Eureka Forbes Stock Target in 2027<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Bull_Case_Rs_489\"><\/span><strong>Bull Case Rs 489<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The bull case Eureka Forbes price target needs EPS growth of 25.0%, which lifts forward EPS to Rs 11.69, and a PE multiple that rises 15% to 41.84. That gives Rs 489, 44.4% above the current price and below the 52-week high of Rs 668.30.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Downside_Risk_Level_Rs_272\"><\/span><strong>Downside Risk Level Rs 272<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The downside risk level is not a target. It assumes EPS stays flat at Rs 9.35 and the PE falls 20% to 29.10. That gives Rs 272, 19.7% below the current price and below the 52-week low of Rs 338.00.<\/p>\n<table style=\"border-collapse:collapse;width:100%;\" border=\"1\" cellpadding=\"8\">\n<tr>\n<th>Scenario<\/th>\n<th>EPS Growth<\/th>\n<th>PE Multiple<\/th>\n<th>Price (Rs)<\/th>\n<th>Change vs CMP<\/th>\n<\/tr>\n<tr>\n<td>Bull Case<\/td>\n<td>25.0%<\/td>\n<td>41.84<\/td>\n<td>Rs 489<\/td>\n<td>+44.4%<\/td>\n<\/tr>\n<tr>\n<td>Base Case<\/td>\n<td>20.0%<\/td>\n<td>36.38<\/td>\n<td>Rs 408<\/td>\n<td>+20.5%<\/td>\n<\/tr>\n<tr>\n<td>Downside Risk<\/td>\n<td>0.0%<\/td>\n<td>29.10<\/td>\n<td>Rs 272<\/td>\n<td>-19.7%<\/td>\n<\/tr>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Key_Risks_to_the_Eureka_Forbes_Target_Price_for_2027\"><\/span><strong>Key Risks to the Eureka Forbes Target Price for 2027<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Growth_Slowdown_Risk_for_the_Eureka_Forbes_Price_Target\"><\/span><strong>Growth Slowdown Risk for the Eureka Forbes Price Target<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Revenue in the June 2026 quarter was up 15.0% year on year, and FY26 revenue growth was 11.5%. If growth slows from here, the EPS estimate behind the Eureka Forbes stock target will need revising.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Liquidity_and_Size_Risk\"><\/span><strong>Liquidity and Size Risk<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Eureka Forbes has a market capitalisation of Rs 6,584 crore. Institutional holding is 19.95%, and promoters hold 62.55%. Stocks of this size can move sharply on small volumes, and exits can take longer than entries.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Valuation_and_Margin_Risk\"><\/span><strong>Valuation and Margin Risk<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Net margin was 6.0% in FY26, so a small slip in costs moves profit noticeably. At a PE of 36.38 versus an industry PE of 45.71, a de-rating toward the downside-risk PE of 29.10 would cut the price even if earnings hold.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Market_and_Technical_Risk\"><\/span><strong>Market and Technical Risk<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The stock trades 49.3% below its 52-week high, with an RSI of 19.1 and a MACD reading below its signal line. Broader market weakness can override company fundamentals in the short term.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Invest_in_Eureka_Forbes\"><\/span><strong>How to Invest in Eureka Forbes<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Start with the live price and volume. Any Eureka Forbes share price target is only as current as the data behind it, and the data here is as of 9 October 2026, so refresh the Rs 338.65 price before acting on any level.<\/p>\n<p>Next, review the fundamentals yourself. The Univest Screener lets you check Eureka Forbes&#8217; PE, ROE, debt and shareholding in one place.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check Eureka Forbes fundamentals on the Univest Screener<\/strong><\/a><\/p>\n<p>Then compare the three Eureka Forbes target price scenarios with your own view. If you expect EPS growth below 20.0%, the base case is too optimistic for you; if you expect more, the bull case deserves weight.<\/p>\n<p>Decide your position size and exit levels before you buy. The support and resistance levels above can serve as reference points, but they are not recommendations.<\/p>\n<p>Finally, place the order through a SEBI-registered broker or the Univest app, and review the position after each quarterly result. Consult a SEBI-registered advisor if you are unsure.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track Eureka Forbes live price and get daily stock recommendations.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Eureka Forbes share price target for 2027 is Rs 408 in the base case, with Rs 489 as the bull case. The support for that view is arithmetic you can check: EPS grew 30.2% a year over FY24 to FY26, and the stock trades at a PE of 36.38. The risks are equally concrete, including a stock that sits 49.3% below its 52-week high and a downside scenario that cuts the price 20% if earnings stall. Use these numbers as a framework, check them against the latest filings, and size any position to your own risk appetite.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"FAQs_on_Eureka_Forbes_Share_Price_Target_2027\"><\/span><strong>FAQs on Eureka Forbes Share Price Target 2027<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Eureka_Forbes_share_price_target_for_2027\"><\/span><strong>What is the Eureka Forbes share price target for 2027?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The base-case Eureka Forbes share price target for 2027 is Rs 408, with Rs 489 as the bull case. The downside risk level, which is not a target, is Rs 272. These are model estimates from reported earnings and the current PE, not guaranteed outcomes.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Eureka_Forbes_share_price_today\"><\/span><strong>What is the Eureka Forbes share price today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> As of 9 October 2026, 1:18 PM IST, Eureka Forbes trades at Rs 338.65, down 0.32% on the day. The 52-week range is Rs 338.00 to Rs 668.30.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Eureka_Forbes_a_buy_or_sell_at_the_current_price\"><\/span><strong>Is Eureka Forbes a buy or sell at the current price?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The data is mixed rather than one-sided: EPS has grown 30.2% a year over FY24 to FY26, but the stock is 49.3% below its 52-week high. Whether Eureka Forbes fits your portfolio depends on your time horizon and risk appetite, so consult a SEBI-registered advisor before investing. This article is not investment advice.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_bull_case_target_and_downside_risk_level_for_Eureka_Forbes_shares\"><\/span><strong>What are the bull case target and downside risk level for Eureka Forbes shares?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The bull case target is Rs 489, which assumes 25.0% EPS growth and a PE of 41.84. The downside risk level is Rs 272, which assumes flat EPS and a PE of 29.10. It marks a risk, not a target.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_main_risks_to_the_Eureka_Forbes_price_target\"><\/span><strong>What are the main risks to the Eureka Forbes price target?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The main risks are slower revenue growth, a small market capitalisation of Rs 6,584 crore, a PE de-rating and short-term weakness in the broader market. Each is covered in the risk section above.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_PE_ratio_of_Eureka_Forbes_and_how_does_it_compare_with_the_industry\"><\/span><strong>What is the PE ratio of Eureka Forbes and how does it compare with the industry?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The PE ratio of Eureka Forbes is 36.38 against an industry PE of 45.71. Price to book is 1.43 and return on equity is 4.18%. The base case in the Eureka Forbes price target holds this PE constant.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Who_owns_Eureka_Forbes_and_what_is_the_promoter_holding\"><\/span><strong>Who owns Eureka Forbes, and what is the promoter holding?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Promoters held 62.55% of Eureka Forbes in June 2026. FII held 13.25%, DII held 6.70% and the public held 17.50%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_were_Eureka_Forbes_latest_quarterly_results\"><\/span><strong>What were Eureka Forbes&#8217; latest quarterly results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> In the June 2026 quarter, Eureka Forbes reported revenue of Rs 707.85 crore (up 15.0% year on year) and net profit of Rs 56.99 crore (up 47.3%).<\/p>\n<p><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the Eureka Forbes share price target for 2027?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The base-case Eureka Forbes share price target for 2027 is Rs 408, with Rs 489 as the bull case. The downside risk level, which is not a target, is Rs 272. 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FII held 13.25%, DII held 6.70% and the public held 17.50%.\"}},{\"@type\":\"Question\",\"name\":\"What were Eureka Forbes' latest quarterly results?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"In the June 2026 quarter, Eureka Forbes reported revenue of Rs 707.85 crore (up 15.0% year on year) and net profit of Rs 56.99 crore (up 47.3%).\"}}]}<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Eureka Forbes share price target 2027: base Rs 408, bull Rs 489, downside risk level Rs 272, built from reported earnings, valuation and shareholding data.<\/p>\n","protected":false},"author":36,"featured_media":299686,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[1019],"class_list":["post-299687","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market","tag-stock-market"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["299686"],"rank_math_title":["Eureka Forbes Share Price Target 2027: Base and Bull Case"],"rank_math_description":["The Eureka Forbes share price target for 2027 is Rs 408 versus Rs 338.65 today. Bull case, downside risk, earnings trend and risks explained. October 2026."],"rank_math_focus_keyword":["Eureka Forbes share price target | Density Target: 1.2 to 1.5%"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/10\/eureka-forbes-share-price-target-2027-base-and-bull-targets-built-on-fy26.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/299687","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=299687"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/299687\/revisions"}],"predecessor-version":[{"id":299688,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/299687\/revisions\/299688"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/299686"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=299687"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=299687"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=299687"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}