Forbes & Company Ltd

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

Forbes & Company Ltd

₹ 664 0.49%
06 May - close price
forbes.co.in BSE: 502865
About

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]

Key Points

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]

Website BSE
  • Market Cap ₹ 857 Cr.
  • Current Price ₹ 664
  • High / Low ₹ 796 / 233
  • Stock P/E 20.3
  • Book Value ₹ 185
  • Dividend Yield 0.00 %
  • ROCE 8.45 %
  • ROE 5.30 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • The company has delivered a poor sales growth of -3.32% over past five years.
  • Company has a low return on equity of -87.0% over last 3 years.
  • Promoters have pledged 98.2% of their holding.
  • Earnings include an other income of Rs.23.4 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
52 443 54 62 66 53 64 63 60 60 59 69 72
41 320 42 49 56 54 63 59 52 48 49 58 59
Operating Profit 11 123 12 13 10 -1 1 5 8 12 10 11 13
OPM % 21% 28% 22% 20% 15% -3% 2% 7% 14% 20% 16% 16% 18%
-19 -61 -16 -70 8 4,193 207 32 3 1 18 3 2
Interest 3 3 3 3 3 3 2 2 1 3 1 0 0
Depreciation 4 3 3 3 4 3 3 3 3 4 3 3 3
Profit before tax -15 55 -10 -64 11 4,186 202 32 6 7 23 10 11
Tax % 0% 72% 0% -6% 13% -0% 18% -87% 20% -8% 26% 26% 10%
-15 15 -10 -68 10 4,202 167 59 5 7 17 7 10
EPS in Rs -11.49 11.82 -8.08 -52.73 7.53 3,257.11 129.25 46.12 3.91 5.67 13.40 5.66 7.95
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
284 309 286 163 199 266 293 227 195 562 235 248 260
258 292 277 160 212 228 235 204 199 424 202 222 215
Operating Profit 26 16 9 3 -13 38 58 23 -4 138 33 26 45
OPM % 9% 5% 3% 2% -6% 14% 20% 10% -2% 25% 14% 11% 17%
4 48 -7 19 40 72 7 8 2 -101 4,115 243 23
Interest 13 15 19 19 19 12 12 12 12 14 12 8 4
Depreciation 12 13 13 3 5 6 8 9 12 14 13 14 13
Profit before tax 5 36 -30 -1 3 92 46 10 -26 9 4,122 247 51
Tax % 0% 13% 0% 0% 0% -5% 11% 1% 5% 440% -0% 3%
5 31 -30 -1 3 97 41 10 -25 -31 4,133 239 42
EPS in Rs 3.67 24.30 -23.03 -0.45 2.44 74.89 31.71 7.96 -19.03 -24.05 3,203.83 184.95 32.68
Dividend Payout % 27% 0% 0% 0% 0% 3% 8% 63% 0% 0% 0% 35%
Compounded Sales Growth
10 Years: -2%
5 Years: -3%
3 Years: 8%
TTM: 8%
Compounded Profit Growth
10 Years: 33%
5 Years: -31%
3 Years: 32%
TTM: -80%
Stock Price CAGR
10 Years: 46%
5 Years: 59%
3 Years: 137%
1 Year: 170%
Return on Equity
10 Years: -15%
5 Years: -41%
3 Years: -87%
Last Year: 5%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 124 155 125 122 132 229 266 221 189 157 26 194 226
135 161 150 172 184 150 169 170 189 153 102 18 12
116 122 115 94 112 108 92 342 473 205 316 303 313
Total Liabilities 388 450 404 401 441 499 539 746 864 528 457 528 564
112 116 105 100 32 70 76 79 132 118 117 114 110
CWIP 6 1 1 0 6 3 2 4 1 2 1 2 3
Investments 146 155 154 163 200 193 206 243 242 167 37 105 131
125 178 144 139 203 234 255 420 489 241 303 308 320
Total Assets 388 450 404 401 441 499 539 746 864 528 457 528 564

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
8 -25 37 -19 34 -30 27 61 60 99 62 64
-29 16 -10 10 -22 87 -25 -59 -60 -31 -16 147
17 9 -28 6 -4 -54 4 -15 -5 -48 -62 -181
Net Cash Flow -4 0 -1 -3 8 3 5 -13 -6 20 -16 30

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 49 87 51 105 77 54 48 66 47 22 49 43
Inventory Days 111 129 233 250 218 1,047 532 168 958 982
Days Payable 202 168 220 261 207 612 229 75 277 206
Cash Conversion Cycle -42 48 63 94 88 489 351 66 47 116 730 819
Working Capital Days -2 -11 -16 -117 -25 97 111 -87 -188 -7 -80 -98
ROCE % 7% 5% 1% 3% 3% 26% 14% 7% -3% 36% 13% 8%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
73.85% 73.85% 73.85% 73.85% 73.85% 73.85% 73.85% 73.85% 73.85% 73.85% 73.85% 73.85%
11.48% 11.52% 11.53% 11.53% 11.52% 11.52% 11.52% 11.52% 11.52% 11.51% 11.58% 11.56%
0.13% 0.12% 0.62% 0.11% 0.11% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10%
0.86% 0.86% 0.86% 0.86% 0.86% 0.86% 0.86% 0.86% 0.86% 0.86% 0.86% 0.86%
13.69% 13.65% 13.15% 13.65% 13.66% 13.70% 13.69% 13.68% 13.68% 13.67% 13.61% 13.63%
No. of Shareholders 11,75311,97112,02612,37311,72114,81914,33613,83013,58613,06712,61913,302

* 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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