Foce India Ltd
Incorporated in 2001, Foce India Ltd trades in wristwatches and Men’s accessories[1]
- Market Cap ₹ 832 Cr.
- Current Price ₹ 1,700
- High / Low ₹ 1,800 / 830
- Stock P/E 858
- Book Value ₹ 74.5
- Dividend Yield 0.00 %
- ROCE 1.96 %
- ROE 2.70 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 22.8 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 -8.03% over past five years.
- Company has a low return on equity of 1.52% over last 3 years.
- Company might be capitalizing the interest cost
- Company has high debtors of 150 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.
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|
4.99 | 21.68 | 62.08 | 54.44 | 76.90 | 148.98 | 14.50 | 16.53 | 35.82 | |
4.93 | 20.63 | 59.82 | 52.24 | 74.21 | 143.97 | 13.80 | 15.26 | 34.44 | |
Operating Profit | 0.06 | 1.05 | 2.26 | 2.20 | 2.69 | 5.01 | 0.70 | 1.27 | 1.38 |
OPM % | 1.20% | 4.84% | 3.64% | 4.04% | 3.50% | 3.36% | 4.83% | 7.68% | 3.85% |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.15 | 0.07 | 0.00 | 0.05 | |
Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.43 | 0.59 | 0.10 |
Depreciation | 0.04 | 0.03 | 0.02 | 0.02 | 0.02 | 0.03 | 0.06 | 0.03 | 0.03 |
Profit before tax | 0.02 | 1.02 | 2.24 | 2.18 | 2.67 | 5.13 | 0.28 | 0.65 | 1.30 |
Tax % | 150.00% | 28.43% | 29.46% | 26.61% | 25.47% | 24.76% | 35.71% | 24.62% | 25.38% |
0.00 | 0.73 | 1.58 | 1.61 | 1.99 | 3.85 | 0.18 | 0.49 | 0.97 | |
EPS in Rs | 0.00 | 2.38 | 5.14 | 4.03 | 4.98 | 7.87 | 0.37 | 1.00 | 1.98 |
Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | -8% |
3 Years: | -38% |
TTM: | 117% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | -10% |
3 Years: | -36% |
TTM: | 98% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 70% |
1 Year: | 70% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 5% |
3 Years: | 2% |
Last Year: | 3% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|
Equity Capital | 3.07 | 3.07 | 3.07 | 3.99 | 3.99 | 4.89 | 4.89 | 4.89 | 4.89 |
Reserves | 0.60 | 1.33 | 3.89 | 4.80 | 6.67 | 29.87 | 30.09 | 30.57 | 31.55 |
1.74 | 1.07 | 0.16 | 0.58 | 0.00 | 1.29 | 26.38 | 24.39 | 46.59 | |
2.20 | 6.61 | 6.93 | 1.81 | 26.83 | 1.84 | 2.30 | 0.74 | 4.39 | |
Total Liabilities | 7.61 | 12.08 | 14.05 | 11.18 | 37.49 | 37.89 | 63.66 | 60.59 | 87.42 |
0.08 | 0.05 | 0.04 | 0.03 | 0.06 | 0.14 | 0.09 | 0.06 | 0.14 | |
CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Investments | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 | 10.99 | 2.01 | 2.01 | 2.44 |
7.50 | 12.03 | 14.01 | 11.15 | 37.43 | 26.76 | 61.56 | 58.52 | 84.84 | |
Total Assets | 7.61 | 12.08 | 14.05 | 11.18 | 37.49 | 37.89 | 63.66 | 60.59 | 87.42 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|
0.41 | 0.48 | -1.11 | 3.10 | -11.23 | -9.10 | 0.55 | -0.30 | ||
0.00 | -0.01 | 0.00 | -0.05 | -10.93 | 9.04 | 0.00 | -0.48 | ||
-0.64 | 0.09 | 0.65 | -0.70 | 21.22 | 0.32 | 0.00 | 0.00 | ||
Net Cash Flow | -0.23 | 0.55 | -0.46 | 2.35 | -0.94 | 0.26 | 0.55 | -0.78 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|
Debtor Days | 226.75 | 141.59 | 55.50 | 65.91 | 152.83 | 9.36 | 117.56 | 97.38 | 150.30 |
Inventory Days | 278.93 | 45.03 | 20.67 | 3.36 | 12.12 | 5.83 | 56.45 | 17.32 | 32.24 |
Days Payable | 172.14 | 114.58 | 42.27 | 9.58 | 133.94 | 4.27 | 41.08 | 15.56 | 43.58 |
Cash Conversion Cycle | 333.54 | 72.04 | 33.90 | 59.69 | 31.02 | 10.93 | 132.92 | 99.13 | 138.96 |
Working Capital Days | 367.93 | 90.41 | 38.10 | 61.68 | 38.54 | 59.66 | 1,478.63 | 1,252.22 | 821.10 |
ROCE % | 18.75% | 35.58% | 26.44% | 26.66% | 21.32% | 1.38% | 2.05% | 1.96% |
Documents
Announcements
-
General Updates
30 May 2025 - Foce India exempt from Annual Secretarial Compliance Report due to NSE SME listing status.
-
Structural Digital Database
30 May 2025 - Submission of SDD Compliance Certificate for FY ended March 31, 2025 as per SEBI regulations.
-
Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
30 May 2025 - FOCE INDIA LIMITED has informed about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
-
Change in Auditors
30 May 2025 - Appointed Patel Parth & Associates as internal auditor for FY 2025-26.
-
Outcome of Board Meeting
30 May 2025 - Audited FY25 financial results approved; M/s Patel Parth & Associates appointed internal auditor for FY26.
Business Overview:[1][2][3]
FIL is a part of Indian Horology Industry in the mid-range segment. It is an Authorized Distributor of Foce Watches in India. Company manufactures and imports wrist watches under various brand names with distribution across 1700 retail stores in the country along with clientele in corporate segment