17 Sep 2025 | 3 Mins Read
Eureka Forbes has significant growth potential, says Nuvama
Flipitmoney
Nuvama Institutional Equities initiated coverage on Eureka Forbes with a 'Buy' rating and ₹700 price target, implying a 21% potential upside. Eureka Forbes is India's largest electric water purifier company, with a 40-45% market share. Nuvama projects 14% revenue CAGR from FY25-28E and robust EBITDA and PAT CAGR of 24% and 31%, respectively.