Kotak Inst Eqt on Eureka Forbes
Initiate Buy, TP Rs 650
Is poised to benefit from growth in India’s water purifier market, driven by a strong unmet need among consumers, low penetration rates & fresh focus from management
See potential for high margins &strong ROCE & FCF
Kotak Inst Eqt on Eureka Forbes
Initiate Buy, TP Rs 650
Est a 34% CAGR in pre-ESOP EBITDA over FY2023- 26E.
Valuations are not cheap, but draw support from strong FCF & growth potential
Download Pdf of research report on Eureka Forbes: Not Available
Image uploaded by Nimesh :
