Forbes & Company Ltd
Forbes & Co. is in the business of Engineering and Realty, it also has offerings for Transaction management solutions, Water purification, transportation of Chemical Tankers etc through its subsidiaries. Over the years, the Management of the Company moved from the Forbes Family to the Campbells to the Tata Group and now finally to the Shapoorji Pallonji Group. [1]
- Market Cap ₹ 853 Cr.
- Current Price ₹ 661
- High / Low ₹ 796 / 233
- Stock P/E 19.0
- Book Value ₹ 203
- Dividend Yield 0.00 %
- ROCE 4.06 %
- ROE -2.24 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- Stock is trading at 3.26 times its book value
- The company has delivered a poor sales growth of -31.0% over past five years.
- Promoters have pledged 98.2% of their holding.
- Earnings include an other income of Rs.44.8 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Engineering Industry: Engineering
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1,770 | 1,999 | 3,067 | 3,546 | 3,231 | 2,999 | 2,822 | 2,853 | 2,731 | 932 | 515 | 442 | 303 | |
1,671 | 1,948 | 2,914 | 3,417 | 3,194 | 2,892 | 2,693 | 2,710 | 2,701 | 821 | 465 | 461 | 286 | |
Operating Profit | 99 | 51 | 153 | 129 | 37 | 106 | 129 | 143 | 30 | 111 | 49 | -19 | 17 |
OPM % | 6% | 3% | 5% | 4% | 1% | 4% | 5% | 5% | 1% | 12% | 10% | -4% | 6% |
56 | 153 | 52 | 65 | 135 | 134 | 39 | 35 | -171 | -48 | 4,252 | 284 | 45 | |
Interest | 42 | 51 | 79 | 91 | 107 | 74 | 96 | 89 | 101 | 52 | 42 | 18 | 3 |
Depreciation | 44 | 45 | 54 | 22 | 75 | 71 | 77 | 77 | 98 | 68 | 41 | 27 | 17 |
Profit before tax | 68 | 109 | 72 | 81 | -9 | 95 | -4 | 11 | -341 | -56 | 4,218 | 220 | 43 |
Tax % | 29% | 24% | 30% | 54% | -423% | 26% | -682% | 126% | 1% | -107% | -0% | 13% | |
51 | 84 | 50 | 37 | -48 | 89 | -32 | -3 | -338 | -117 | 4,229 | 192 | 21 | |
EPS in Rs | 40.71 | 66.32 | 31.05 | 25.17 | -45.39 | 65.49 | -15.07 | 5.40 | -251.63 | -60.21 | 3,278.84 | 148.80 | 16.51 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 4% | -17% | 93% | 0% | 0% | 0% | 44% |
Compounded Sales Growth | |
---|---|
10 Years: | -14% |
5 Years: | -31% |
3 Years: | -46% |
TTM: | -17% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 25% |
TTM: | -77% |
Stock Price CAGR | |
---|---|
10 Years: | 46% |
5 Years: | 58% |
3 Years: | 134% |
1 Year: | 169% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
Last Year: | -2% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 |
Reserves | 330 | 410 | 398 | 431 | 206 | 301 | 303 | 251 | -101 | -154 | 73 | 212 | 248 |
Preference Capital | 19 | 19 | 19 | 112 | 0 | 0 | 27 | 30 | 34 | 38 | 2 | 2 | |
399 | 397 | 899 | 1,068 | 1,140 | 1,164 | 1,163 | 1,040 | 1,104 | 485 | 287 | 70 | 16 | |
593 | 810 | 1,179 | 1,300 | 1,220 | 1,228 | 1,281 | 1,571 | 1,729 | 1,691 | 416 | 393 | 352 | |
Total Liabilities | 1,335 | 1,629 | 2,488 | 2,811 | 2,579 | 2,706 | 2,759 | 2,874 | 2,744 | 2,036 | 789 | 688 | 629 |
383 | 367 | 878 | 1,140 | 997 | 1,036 | 1,139 | 1,134 | 1,027 | 598 | 158 | 143 | 110 | |
CWIP | 9 | 13 | 29 | 51 | 72 | 74 | 94 | 87 | 29 | 4 | 1 | 2 | 3 |
Investments | 69 | 119 | 10 | 26 | 92 | 73 | 80 | 81 | 123 | 60 | 117 | 145 | 179 |
874 | 1,129 | 1,571 | 1,594 | 1,418 | 1,524 | 1,445 | 1,573 | 1,565 | 1,374 | 513 | 398 | 337 | |
Total Assets | 1,335 | 1,629 | 2,488 | 2,811 | 2,579 | 2,706 | 2,759 | 2,874 | 2,744 | 2,036 | 789 | 688 | 629 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
55 | 95 | 114 | 98 | 120 | 67 | 170 | 207 | 229 | 366 | 201 | 55 | |
-5 | -85 | -409 | -51 | -83 | 5 | -130 | -44 | -143 | 65 | 9 | 216 | |
-22 | -34 | 421 | -80 | -36 | -20 | -94 | -230 | -122 | -382 | -275 | -243 | |
Net Cash Flow | 28 | -25 | 126 | -34 | 2 | 52 | -53 | -66 | -36 | 49 | -65 | 27 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 50 | 65 | 66 | 60 | 59 | 56 | 54 | 60 | 54 | 47 | 62 | 48 |
Inventory Days | 110 | 137 | 131 | 102 | 98 | 138 | 155 | 220 | 284 | 188 | 533 | 565 |
Days Payable | 109 | 152 | 192 | 162 | 140 | 115 | 142 | 151 | 162 | 99 | 214 | 191 |
Cash Conversion Cycle | 51 | 51 | 5 | 0 | 17 | 79 | 68 | 128 | 177 | 136 | 380 | 422 |
Working Capital Days | 7 | 1 | -14 | 0 | -2 | 8 | -4 | -34 | -64 | -139 | 16 | -62 |
ROCE % | 13% | 12% | 14% | 11% | 3% | 5% | 5% | 7% | -2% | 14% | 12% | 4% |
Documents
Announcements
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 30 Apr
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 29 Apr
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Reply To Clarification Sought From Forbes & Company Ltd
26 Apr - Clarification letter with reference to the price movement of the Company''s Security.
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Clarification sought from Forbes & Company Ltd
25 Apr - Exchange has sought clarification from Forbes & Company Ltd on April 25, 2024 with reference to significant movement in price, in order to ensure that …
- Compliance Certificate Pursuant To Regulation 40(10) Of SEBI (LODR) Regulations, 2015. 24 Apr
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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About Shapoorji Pallonji and Company - Promoter Company
The Shapoorji Pallonji Group was established in 1865 in India. A globally diversified institution, the Group has a presence in the sectors of Engineering & Construction, Infrastructure, Real Estate, Water, Energy and Financial Services. [1]