Forbes & Company Ltd

Forbes & Co Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Forbes & Company Ltd

₹ 324 -2.54%
18 May 4:00 p.m.
forbes.co.in BSE: 502865
About

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]

Key Points

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

Website BSE
  • Market Cap ₹ 418 Cr.
  • Current Price ₹ 324
  • High / Low ₹ 477 / 302
  • Stock P/E 28.4
  • Book Value ₹ 125
  • Dividend Yield 0.00 %
  • ROCE 11.6 %
  • ROE 9.27 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company is almost debt free.

Cons

  • Stock is trading at 2.61 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 9.24% over last 3 years.
  • Promoters have pledged 98.2% of their holding.
  • Earnings include an other income of Rs.12.0 Cr.
  • Debtor days have increased from 24.6 to 39.3 days.
  • Working capital days have increased from -39.8 days to 136 days

* 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
10.60 58.54 15.00 11.45 86.10 35.36 34.22 39.04 88.22 22.03 18.13 16.50 16.48
8.72 49.01 16.28 11.05 79.27 30.65 29.85 36.43 74.01 20.61 15.13 13.83 13.66
Operating Profit 1.88 9.53 -1.28 0.40 6.83 4.71 4.37 2.61 14.21 1.42 3.00 2.67 2.82
OPM % 17.74% 16.28% -8.53% 3.49% 7.93% 13.32% 12.77% 6.69% 16.11% 6.45% 16.55% 16.18% 17.11%
6.72 17.56 2.11 2.06 -3.63 2.27 2.87 9.71 -0.91 3.82 5.68 1.25 1.30
Interest 2.01 0.54 0.12 0.12 0.68 0.15 0.11 0.14 0.12 0.16 0.15 0.14 0.15
Depreciation 0.67 3.32 0.44 0.38 0.36 0.36 0.36 0.41 0.39 0.55 0.53 0.51 1.25
Profit before tax 5.92 23.23 0.27 1.96 2.16 6.47 6.77 11.77 12.79 4.53 8.00 3.27 2.72
Tax % -23.65% 25.57% 18.52% -71.94% -103.70% 17.62% 15.36% 28.63% 41.59% 12.36% 24.50% 13.15% 31.25%
7.32 17.29 0.22 3.37 4.40 5.33 5.73 8.40 7.47 3.97 6.04 2.84 1.87
EPS in Rs 5.67 13.40 0.17 2.61 3.41 4.13 4.44 6.51 5.79 3.08 4.68 2.20 1.45
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
163 199 266 293 227 195 562 235 42 123 197 73
160 212 228 235 204 199 424 202 54 116 171 63
Operating Profit 3 -13 38 58 23 -4 138 33 -11 7 26 10
OPM % 2% -6% 14% 20% 10% -2% 25% 14% -27% 6% 13% 14%
19 40 72 7 8 2 -101 4,115 263 18 14 12
Interest 19 19 12 12 12 12 14 12 5 1 1 1
Depreciation 3 5 6 8 9 12 14 13 2 2 2 3
Profit before tax -1 3 92 46 10 -26 9 4,122 245 23 38 19
Tax % 0% 0% -5% 11% 1% -5% 440% -0% 2% 10% 29% 21%
-1 3 97 41 10 -25 -31 4,133 239 20 27 15
EPS in Rs -0.45 2.44 74.89 31.71 7.96 -19.03 -24.05 3,203.83 184.95 15.76 20.88 11.41
Dividend Payout % 0% 0% 3% 8% 63% 0% 0% 0% 35% 0% 0% 0%
Compounded Sales Growth
10 Years: -10%
5 Years: -34%
3 Years: 20%
TTM: -63%
Compounded Profit Growth
10 Years: 14%
5 Years: 15%
3 Years: 55%
TTM: -27%
Stock Price CAGR
10 Years: 22%
5 Years: 44%
3 Years: 11%
1 Year: -13%
Return on Equity
10 Years: -11%
5 Years: 11%
3 Years: 9%
Last Year: 9%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 13 13 13 13 13 13 13 13 13 13 13 13
Reserves 122 132 229 266 221 189 157 26 194 109 144 148
172 184 150 169 170 189 153 102 5 5 5 6
94 112 108 92 342 473 205 316 316 235 67 44
Total Liabilities 401 441 499 539 746 864 528 457 528 362 229 210
100 32 70 76 79 132 118 117 29 27 27 27
CWIP 0 6 3 2 4 1 2 1 0 0 0 0
Investments 163 200 193 206 243 242 167 37 105 128 136 130
139 203 234 255 420 489 241 303 395 206 66 54
Total Assets 401 441 499 539 746 864 528 457 528 362 229 210

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-19 34 -30 27 61 60 99 62 64 -17 -13
10 -22 87 -25 -59 -60 -31 -16 147 3 5
6 -4 -54 4 -15 -5 -48 -62 -181 -1 -1
Net Cash Flow -3 8 3 5 -13 -6 20 -16 30 -15 -9
Free Cash Flow -22 24 47 12 45 11 99 35 244 1 -5
CFO/OP -580% -304% -78% 68% 253% -1,496% 69% 174% -524% -233% -58%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 105 77 54 48 66 47 22 49 59 20 15 39
Inventory Days 250 218 1,047 532 168 958 892 41 113
Days Payable 261 207 612 229 75 277 214 69 160
Cash Conversion Cycle 94 88 489 351 66 47 116 730 59 697 -14 -8
Working Capital Days -157 -102 30 25 -173 -326 -68 -152 106 -206 -49 136
ROCE % 3% 3% 26% 14% 7% -3% 36% 13% -6% 6% 20% 12%

Insights

In beta
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Real Estate Inventory - Project Vicinia (Unsold Flats)
Nos.

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Trade Receivables Turnover
Ratio
Actual Production - Drills
Million Nos.
Actual Production - Rotary Burrs
Million Nos.
Actual Production - Spring Washers
Metric Tons
Actual Production - Taps
Million Nos.
FPSO Manning Services (Vessels Managed)
Nos.
Installed Capacity - Drills
Million Nos.
Installed Capacity - Rotary Burrs
Million Nos.
Installed Capacity - Spring Washers
Metric Tons
Installed Capacity - Taps
Million Nos.
Projects Completed - Industrial Automation
Nos.

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
73.85% 73.85% 73.85% 73.85% 73.85% 73.85% 73.85% 73.85% 73.85% 73.85% 73.85% 73.85%
11.52% 11.51% 11.58% 11.56% 11.51% 11.30% 10.16% 8.24% 8.24% 8.24% 8.24% 8.24%
0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.19% 0.19% 0.19% 0.19% 0.11%
0.86% 0.86% 0.86% 0.86% 0.86% 0.86% 0.86% 0.86% 0.86% 0.86% 0.86% 0.86%
13.68% 13.67% 13.61% 13.63% 13.68% 13.89% 15.04% 16.85% 16.87% 16.87% 16.85% 16.95%
No. of Shareholders 13,58613,06712,61913,30213,12812,85212,83613,06112,94612,74312,39112,184

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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