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 ₹ 853 Cr.
- Current Price ₹ 662
- High / Low ₹ 796 / 264
- Stock P/E 41.9
- Book Value ₹ 143
- Dividend Yield 0.00 %
- ROCE 3.89 %
- ROE -9.62 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company is expected to give good quarter
- Debtor days have improved from 50.5 to 28.6 days.
Cons
- Stock is trading at 4.63 times its book value
- The company has delivered a poor sales growth of -46.4% over past five years.
- Promoters have pledged 98.2% of their holding.
- Earnings include an other income of Rs.6.84 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1,999 | 3,067 | 3,546 | 3,231 | 2,999 | 2,822 | 2,853 | 2,731 | 932 | 515 | 47 | 126 | 169 | |
1,948 | 2,914 | 3,417 | 3,194 | 2,892 | 2,693 | 2,710 | 2,701 | 821 | 465 | 76 | 124 | 157 | |
Operating Profit | 51 | 153 | 129 | 37 | 106 | 129 | 143 | 30 | 111 | 49 | -29 | 2 | 13 |
OPM % | 3% | 5% | 4% | 1% | 4% | 5% | 5% | 1% | 12% | 10% | -63% | 2% | 7% |
153 | 52 | 65 | 135 | 134 | 39 | 35 | -171 | -48 | 4,252 | 243 | -1 | 7 | |
Interest | 51 | 79 | 91 | 107 | 74 | 96 | 89 | 101 | 52 | 42 | 10 | 2 | 1 |
Depreciation | 45 | 54 | 22 | 75 | 71 | 77 | 77 | 98 | 68 | 41 | 6 | 2 | 2 |
Profit before tax | 109 | 72 | 81 | -9 | 95 | -4 | 11 | -341 | -56 | 4,218 | 198 | -2 | 16 |
Tax % | 24% | 30% | 54% | 423% | 26% | 682% | 126% | -1% | 107% | -0% | 3% | 122% | |
84 | 50 | 37 | -48 | 89 | -32 | -3 | -338 | -117 | 4,229 | 192 | -4 | 18 | |
EPS in Rs | 66.32 | 31.05 | 25.17 | -45.39 | 65.49 | -15.07 | 5.40 | -251.63 | -60.21 | 3,278.84 | 148.80 | -3.46 | 13.75 |
Dividend Payout % | 0% | 0% | 0% | 0% | 4% | -17% | 93% | 0% | 0% | 0% | 44% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | -27% |
5 Years: | -46% |
3 Years: | -49% |
TTM: | 71% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | -32% |
3 Years: | % |
TTM: | 171% |
Stock Price CAGR | |
---|---|
10 Years: | 40% |
5 Years: | 65% |
3 Years: | 59% |
1 Year: | 144% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
Last Year: | -10% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 |
Reserves | 410 | 398 | 431 | 206 | 301 | 303 | 251 | -101 | -154 | 73 | 212 | 127 | 171 |
416 | 918 | 1,180 | 1,140 | 1,164 | 1,189 | 1,070 | 1,137 | 523 | 288 | 9 | 9 | 9 | |
791 | 1,160 | 1,188 | 1,220 | 1,228 | 1,254 | 1,541 | 1,695 | 1,654 | 415 | 467 | 271 | 219 | |
Total Liabilities | 1,629 | 2,488 | 2,811 | 2,579 | 2,706 | 2,759 | 2,874 | 2,744 | 2,036 | 789 | 701 | 421 | 413 |
367 | 878 | 1,140 | 997 | 1,036 | 1,139 | 1,134 | 1,027 | 598 | 158 | 29 | 27 | 28 | |
CWIP | 13 | 29 | 51 | 72 | 74 | 94 | 87 | 29 | 4 | 1 | 0 | 0 | 0 |
Investments | 119 | 10 | 26 | 92 | 73 | 80 | 81 | 123 | 60 | 117 | 145 | 171 | 214 |
1,129 | 1,571 | 1,594 | 1,418 | 1,524 | 1,445 | 1,573 | 1,565 | 1,374 | 513 | 527 | 223 | 171 | |
Total Assets | 1,629 | 2,488 | 2,811 | 2,579 | 2,706 | 2,759 | 2,874 | 2,744 | 2,036 | 789 | 701 | 421 | 413 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
95 | 114 | 98 | 120 | 67 | 170 | 207 | 229 | 366 | 201 | 55 | -20 | |
-85 | -409 | -51 | -83 | 5 | -130 | -44 | -143 | 65 | 9 | 216 | 1 | |
-34 | 421 | -80 | -36 | -20 | -94 | -230 | -122 | -382 | -275 | -243 | -6 | |
Net Cash Flow | -25 | 126 | -34 | 2 | 52 | -53 | -66 | -36 | 49 | -65 | 27 | -26 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 65 | 66 | 60 | 59 | 56 | 54 | 60 | 54 | 47 | 62 | 61 | 29 |
Inventory Days | 137 | 131 | 102 | 98 | 138 | 155 | 220 | 284 | 188 | 533 | 884 | |
Days Payable | 152 | 192 | 162 | 140 | 115 | 142 | 151 | 162 | 99 | 214 | 338 | |
Cash Conversion Cycle | 51 | 5 | 0 | 17 | 79 | 68 | 128 | 177 | 136 | 380 | 61 | 574 |
Working Capital Days | 1 | -14 | 0 | -2 | 8 | -4 | -34 | -64 | -139 | 16 | -145 | -287 |
ROCE % | 12% | 14% | 11% | 3% | 5% | 5% | 7% | -2% | 14% | 12% | -9% | 4% |
Documents
Announcements
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Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
31 Oct - Voting results of Postal Ballot approved by members.
-
Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
30 Oct - Issuance of duplicate share certificates for Kurbans Singh.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
30 Oct - Newspaper Publication of the Financial Results for the quarter and half year ended September 30, 2024.
- Financials Results For The Quarter And Half Year Ended September 30, 2024 28 Oct
-
Board Meeting Outcome for Outcome Of Board Meeting Dated October 28, 2024
28 Oct - Board approved financial results and subsidiary removal.
Annual reports
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Financial Year 2024
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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