Forbes & Company Ltd
Incorporated in 1919, Forbes & Company Ltd
is in the business of Health, Hygiene, Safety Products and its services, manufacturing &
sale of engineering products, real estate development project and leasing of
premises, IT Enabled Services and
Products and Shipping and Logistics
Services[1]
- Market Cap ₹ 461 Cr.
- Current Price ₹ 357
- High / Low ₹ 788 / 264
- Stock P/E 16.2
- Book Value ₹ 122
- Dividend Yield 0.00 %
- ROCE 27.9 %
- ROE 20.4 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company is expected to give good quarter
Cons
- Stock is trading at 2.94 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 0.20% over past five years.
- Company has a low return on equity of 9.43% over last 3 years.
- Promoters have pledged 98.2% of their holding.
- Earnings include an other income of Rs.13.9 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: Realty Industry: Construction
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
286 | 163 | 199 | 266 | 293 | 227 | 195 | 562 | 235 | 42 | 123 | 197 | |
277 | 160 | 212 | 228 | 235 | 204 | 199 | 424 | 202 | 54 | 116 | 171 | |
Operating Profit | 9 | 3 | -13 | 38 | 58 | 23 | -4 | 138 | 33 | -11 | 7 | 26 |
OPM % | 3% | 2% | -6% | 14% | 20% | 10% | -2% | 25% | 14% | -27% | 6% | 13% |
-7 | 19 | 40 | 72 | 7 | 8 | 2 | -101 | 4,115 | 263 | 18 | 14 | |
Interest | 19 | 19 | 19 | 12 | 12 | 12 | 12 | 14 | 12 | 5 | 1 | 1 |
Depreciation | 13 | 3 | 5 | 6 | 8 | 9 | 12 | 14 | 13 | 2 | 2 | 2 |
Profit before tax | -30 | -1 | 3 | 92 | 46 | 10 | -26 | 9 | 4,122 | 245 | 23 | 38 |
Tax % | 0% | 0% | 0% | -5% | 11% | 1% | -5% | 440% | -0% | 2% | 10% | 29% |
-30 | -1 | 3 | 97 | 41 | 10 | -25 | -31 | 4,133 | 239 | 20 | 27 | |
EPS in Rs | -23.03 | -0.45 | 2.44 | 74.89 | 31.71 | 7.96 | -19.03 | -24.05 | 3,203.83 | 184.95 | 15.76 | 20.88 |
Dividend Payout % | 0% | 0% | 0% | 3% | 8% | 63% | 0% | 0% | 0% | 35% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 2% |
5 Years: | 0% |
3 Years: | -6% |
TTM: | 59% |
Compounded Profit Growth | |
---|---|
10 Years: | 17% |
5 Years: | 27% |
3 Years: | 0% |
TTM: | 260% |
Stock Price CAGR | |
---|---|
10 Years: | 23% |
5 Years: | 63% |
3 Years: | 28% |
1 Year: | -47% |
Return on Equity | |
---|---|
10 Years: | -12% |
5 Years: | -45% |
3 Years: | 9% |
Last Year: | 20% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 |
Reserves | 125 | 122 | 132 | 229 | 266 | 221 | 189 | 157 | 26 | 194 | 109 | 144 |
150 | 172 | 184 | 150 | 169 | 170 | 189 | 153 | 102 | 5 | 5 | 5 | |
115 | 94 | 112 | 108 | 92 | 342 | 473 | 205 | 316 | 316 | 235 | 67 | |
Total Liabilities | 404 | 401 | 441 | 499 | 539 | 746 | 864 | 528 | 457 | 528 | 362 | 229 |
105 | 100 | 32 | 70 | 76 | 79 | 132 | 118 | 117 | 29 | 27 | 27 | |
CWIP | 1 | 0 | 6 | 3 | 2 | 4 | 1 | 2 | 1 | 0 | 0 | 0 |
Investments | 154 | 163 | 200 | 193 | 206 | 243 | 242 | 167 | 37 | 105 | 128 | 136 |
144 | 139 | 203 | 234 | 255 | 420 | 489 | 241 | 303 | 395 | 206 | 66 | |
Total Assets | 404 | 401 | 441 | 499 | 539 | 746 | 864 | 528 | 457 | 528 | 362 | 229 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
37 | -19 | 34 | -30 | 27 | 61 | 60 | 99 | 62 | 64 | -17 | -13 | |
-10 | 10 | -22 | 87 | -25 | -59 | -60 | -31 | -16 | 147 | 3 | 5 | |
-28 | 6 | -4 | -54 | 4 | -15 | -5 | -48 | -62 | -181 | -1 | -1 | |
Net Cash Flow | -1 | -3 | 8 | 3 | 5 | -13 | -6 | 20 | -16 | 30 | -15 | -9 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 51 | 105 | 77 | 54 | 48 | 66 | 47 | 22 | 49 | 59 | 20 | 15 |
Inventory Days | 233 | 250 | 218 | 1,047 | 532 | 168 | 958 | 892 | 36 | |||
Days Payable | 220 | 261 | 207 | 612 | 229 | 75 | 277 | 214 | 62 | |||
Cash Conversion Cycle | 63 | 94 | 88 | 489 | 351 | 66 | 47 | 116 | 730 | 59 | 697 | -11 |
Working Capital Days | -16 | -117 | -25 | 97 | 111 | -87 | -188 | -7 | -80 | 106 | -206 | 15 |
ROCE % | 1% | 3% | 3% | 26% | 14% | 7% | -3% | 36% | 13% | -6% | 6% | 28% |
Documents
Announcements
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Appointment Of Secretarial Auditor
9h - Approved FY25 audited results; CFO appointed Whole-time Director; secretarial auditors appointed for 5 years.
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Change In Designation
9h - Approved FY25 audited results; appointed CFO as Whole-time Director; reappointed secretarial auditors.
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Announcement under Regulation 30 (LODR)-Change in Directorate
10h - Approved audited FY25 results; appointed CFO as Whole-time Director; appointed secretarial auditors for 5 years.
- Audited Standalone And Consolidated Financial Results For The Quarter And Year Ended March 31, 2025 10h
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Board Meeting Outcome for Outcome Of Board Meeting
10h - Approved audited FY25 results; appointed CFO as Whole-time Director; appointed secretarial auditors for 5 years.
Annual reports
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Financial Year 2024
from bse
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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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Business Overview:[1]
FCL is a part of the Shapoorji Pallonji Group, which holds a 73.85% equity stake in FCL. Company's operations including:
a) Engineering business:
This comprises industrial automation and coding
b) Residential project development:
Company is developing real estate projects called Vicinia in Chandivali, Mumbai. In addition, FCL earns substantial income from its real estate holdings.
c) Others:
It has many subsidiaries, JVs, and associate companies. However, the company has undertaken various divestment and business discontinuations over the years