Foce India Ltd
Incorporated in 2001, Foce India Ltd trades in wristwatches and Men’s accessories[1]
- Market Cap ₹ 693 Cr.
- Current Price ₹ 590
- High / Low ₹ 835 / 511
- Stock P/E 541
- Book Value ₹ 32.1
- Dividend Yield 0.00 %
- ROCE 2.64 %
- ROE 3.45 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 18.1 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 2.54% over last 3 years.
- Company might be capitalizing the interest cost
- Company has high debtors of 172 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
Consumer Discretionary Consumer Durables Consumer Durables Gems, Jewellery And Watches
Part of Nifty SME Emerge
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 28.13 | 4.99 | 21.68 | 62.08 | 54.44 | 76.90 | 148.98 | 14.50 | 16.53 | 35.82 | 56.62 | |
| 27.73 | 4.93 | 20.63 | 59.82 | 52.24 | 74.21 | 143.97 | 13.80 | 15.26 | 34.34 | 54.21 | |
| Operating Profit | 0.40 | 0.06 | 1.05 | 2.26 | 2.20 | 2.69 | 5.01 | 0.70 | 1.27 | 1.48 | 2.41 |
| OPM % | 1.42% | 1.20% | 4.84% | 3.64% | 4.04% | 3.50% | 3.36% | 4.83% | 7.68% | 4.13% | 4.26% |
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.15 | 0.07 | 0.00 | 0.05 | 0.05 | |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.43 | 0.59 | 0.20 | 0.71 |
| Depreciation | 0.01 | 0.04 | 0.03 | 0.02 | 0.02 | 0.02 | 0.03 | 0.06 | 0.03 | 0.03 | 0.04 |
| Profit before tax | 0.39 | 0.02 | 1.02 | 2.24 | 2.18 | 2.67 | 5.13 | 0.28 | 0.65 | 1.30 | 1.71 |
| Tax % | 35.90% | 150.00% | 28.43% | 29.46% | 26.61% | 25.47% | 24.76% | 35.71% | 24.62% | 25.38% | 25.15% |
| 0.25 | 0.00 | 0.73 | 1.58 | 1.61 | 1.99 | 3.85 | 0.18 | 0.49 | 0.98 | 1.28 | |
| EPS in Rs | 0.50 | 0.00 | 0.99 | 2.14 | 1.68 | 2.07 | 3.29 | 0.15 | 0.42 | 0.84 | 1.09 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | -6% |
| 3 Years: | 57% |
| TTM: | 58% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 18% |
| 5 Years: | -8% |
| 3 Years: | 104% |
| TTM: | 31% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 32% |
| 1 Year: | -13% |
| Return on Equity | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 4% |
| 3 Years: | 3% |
| Last Year: | 3% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2.08 | 3.07 | 3.07 | 3.07 | 3.99 | 3.99 | 4.89 | 4.89 | 4.89 | 4.89 | 11.74 |
| Reserves | 0.60 | 0.60 | 1.33 | 3.89 | 4.80 | 6.67 | 29.87 | 30.09 | 30.57 | 31.55 | 25.97 |
| 4.67 | 1.74 | 1.07 | 0.16 | 0.58 | 0.00 | 1.29 | 26.38 | 24.39 | 46.59 | 62.69 | |
| 1.55 | 2.20 | 6.61 | 6.93 | 1.81 | 26.83 | 1.84 | 2.30 | 0.74 | 4.39 | 7.11 | |
| Total Liabilities | 8.90 | 7.61 | 12.08 | 14.05 | 11.18 | 37.49 | 37.89 | 63.66 | 60.59 | 87.42 | 107.51 |
| 0.01 | 0.08 | 0.05 | 0.04 | 0.03 | 0.06 | 0.14 | 0.09 | 0.06 | 0.14 | 0.11 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.03 | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 | 10.99 | 2.01 | 2.01 | 2.44 | 2.64 |
| 8.86 | 7.50 | 12.03 | 14.01 | 11.15 | 37.43 | 26.76 | 61.56 | 58.52 | 84.84 | 104.76 | |
| Total Assets | 8.90 | 7.61 | 12.08 | 14.05 | 11.18 | 37.49 | 37.89 | 63.66 | 60.59 | 87.42 | 107.51 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 0.41 | 0.48 | -1.11 | 3.10 | -11.23 | -9.10 | 0.55 | -0.30 | -0.01 | |||
| 0.00 | -0.01 | 0.00 | -0.05 | -10.93 | 9.04 | 0.00 | -0.48 | -0.16 | |||
| -0.64 | 0.09 | 0.65 | -0.70 | 21.22 | 0.32 | 0.00 | 0.00 | 0.00 | |||
| Net Cash Flow | -0.23 | 0.55 | -0.46 | 2.35 | -0.94 | 0.26 | 0.55 | -0.78 | -0.18 | ||
| Free Cash Flow | 0.41 | 0.47 | -1.11 | 3.06 | -11.34 | -9.11 | 0.54 | -0.40 | -0.02 | ||
| CFO/OP | 67% | 50% | -24% | 141% | -198% | -1,286% | 56% | 2% | 18% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 72.27 | 226.75 | 141.59 | 55.50 | 65.91 | 152.83 | 9.36 | 117.56 | 97.38 | 150.30 | 172.44 |
| Inventory Days | 41.91 | 278.93 | 45.03 | 20.67 | 3.36 | 12.12 | 5.83 | 56.45 | 17.32 | 32.24 | 51.64 |
| Days Payable | 19.12 | 172.14 | 114.58 | 42.27 | 9.58 | 133.94 | 4.27 | 41.08 | 15.56 | 43.58 | 45.68 |
| Cash Conversion Cycle | 95.06 | 333.54 | 72.04 | 33.90 | 59.69 | 31.02 | 10.93 | 132.92 | 99.13 | 138.96 | 178.41 |
| Working Capital Days | 93.81 | 367.93 | 90.41 | 38.10 | 61.68 | 38.54 | 56.50 | 814.58 | 713.66 | 341.97 | 228.01 |
| ROCE % | 0.31% | 18.75% | 35.58% | 26.44% | 26.66% | 21.32% | 1.38% | 2.05% | 2.09% | 2.64% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Net Capital Turnover Ratio (Standalone) Times |
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| Trade Receivable Turnover Ratio (Standalone) Times |
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| Number of Permanent Employees Numbers |
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Extracted by Screener AI
Documents
Announcements
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Giving guarantees/indemnity/ becoming a surety for third party
28 May 2026 - Foce India extends ₹15 crore corporate guarantee to FOCE Realty Solutions for YES Bank loan.
-
Outcome of Board Meeting
27 May 2026 - Board approved FY26 audited results, NSE SME-to-Main Board migration, BSE direct listing, and director reappointments.
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Outcome of Board Meeting
27 May 2026 - Board approved FY26 audited results, NSE SME-to-main-board migration, BSE direct listing, and key director reappointments.
-
Disclosure under SEBI Takeover Regulations
26 May 2026 - Promoter group disclosed no share encumbrances in Foce India Ltd as of 31 Mar 2026.
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Updates
25 May 2026 - Foce India says Annual Secretarial Compliance Report for FY2026 is not applicable under SME exemption.
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