Forbes & Company Ltd

Forbes & Company Ltd

₹ 910 3.27%
23 Feb - close price
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]

  • Market Cap 1,174 Cr.
  • Current Price 910
  • High / Low 935 / 559
  • Stock P/E 26.2
  • 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 4.49 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
698 521 545 131 137 117 122 64 61 102 59 70 72
679 434 512 115 123 113 122 57 64 116 51 59 60
Operating Profit 20 87 33 16 14 3 0 7 -3 -14 8 11 12
OPM % 3% 17% 6% 12% 10% 3% 0% 11% -5% -14% 14% 15% 17%
7 -43 0 -42 -2 4,295 195 14 8 44 18 -20 3
Interest 21 7 19 10 9 11 7 4 4 1 1 1 0
Depreciation 24 14 18 11 11 8 7 4 4 7 3 3 3
Profit before tax -18 23 -3 -48 -9 4,279 182 12 -3 22 22 -13 12
Tax % -36% 248% -57% -12% -27% -0% 20% -223% -51% 53% 28% -20% 9%
-25 -34 -5 -53 -11 4,294 146 40 -4 10 16 -16 11
EPS in Rs -9.47 -11.33 -3.36 -38.52 -8.56 3,326.29 113.01 31.02 -3.16 7.93 12.30 -12.12 8.40
Raw PDF

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: 38%
5 Years: 45%
3 Years: 109%
1 Year: 43%
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%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
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% 11.48% 11.52% 11.53% 11.53% 11.52% 11.52% 11.52% 11.52% 11.52% 11.51% 11.58%
0.10% 0.13% 0.12% 0.62% 0.11% 0.11% 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%
13.71% 13.69% 13.65% 13.15% 13.65% 13.66% 13.70% 13.69% 13.68% 13.68% 13.67% 13.61%
No. of Shareholders 12,13611,75311,97112,02612,37311,72114,81914,33613,83013,58613,06712,619

* 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.

Click on the line-items to see the names of individual entities.

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