Foce India Ltd
Incorporated in 2001, Foce India Ltd trades in wristwatches and Men’s accessories[1]
- Market Cap ₹ 658 Cr.
- Current Price ₹ 1,344
- High / Low ₹ 1,980 / 1,226
- Stock P/E 45.7
- Book Value ₹ 161
- Dividend Yield 0.00 %
- ROCE 19.0 %
- ROE 20.1 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 8.34 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has high debtors of 202 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 77 | 187 | 58 | 80 | 104 | |
| 74 | 176 | 46 | 60 | 86 | |
| Operating Profit | 3 | 11 | 11 | 20 | 18 |
| OPM % | 4% | 6% | 19% | 25% | 18% |
| 0 | 0 | 0 | 0 | 0 | |
| Interest | 0 | 0 | 0 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 3 | 11 | 10 | 19 | 18 |
| Tax % | 25% | 21% | 19% | 18% | 20% |
| 2 | 9 | 8 | 16 | 14 | |
| EPS in Rs | 4.98 | 18.95 | 17.37 | 32.48 | 29.43 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -18% |
| TTM: | 30% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 16% |
| TTM: | -9% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 45% |
| 1 Year: | -17% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 22% |
| Last Year: | 20% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 4 | 5 | 5 | 5 | 5 |
| Reserves | 7 | 35 | 44 | 60 | 74 |
| 0 | 2 | 18 | 22 | 30 | |
| 27 | 11 | 20 | 24 | 40 | |
| Total Liabilities | 37 | 53 | 86 | 111 | 149 |
| 0 | 4 | 58 | 57 | 1 | |
| CWIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 9 | 0 | 0 | 72 |
| 37 | 40 | 29 | 53 | 76 | |
| Total Assets | 37 | 53 | 86 | 111 | 149 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 3 | -9 | 45 | 0 | 15 | |
| -0 | -14 | -44 | 0 | -16 | |
| -1 | 20 | 0 | 0 | 0 | |
| Net Cash Flow | 2 | -2 | 1 | 0 | -1 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 153 | 41 | 59 | 205 | 202 |
| Inventory Days | 12 | 27 | 94 | 6 | 14 |
| Days Payable | 134 | 24 | 147 | 135 | 79 |
| Cash Conversion Cycle | 31 | 44 | 6 | 76 | 137 |
| Working Capital Days | 39 | 51 | -64 | 26 | 18 |
| ROCE % | 43% | 20% | 26% | 19% |
Documents
Announcements
-
Shareholders meeting
6 September 2025 - AGM notice & Annual Report FY2024-25; AGM 29 Sep 2025; adopt audited financials; reappoint Utkarsh; appoint secretarial auditor.
-
Updates
4 September 2025 - AGM on 29 Sep 2025; book closure 23–29 Sep 2025; no e-voting; FOCE India Limited.
-
Appointment
4 September 2025 - Board approved FY2024-25 report; appointed secretarial auditor (2025-30); AGM on 29 Sep 2025; book closure 23-29 Sep.
-
Outcome of Board Meeting
4 September 2025 - Board approved FY2024-25 Board’s Report; AGM on 29 Sep 2025; secretarial auditor appointed FY2025-30; register closure 23-29 Sep 2025.
-
General Updates
8 August 2025 - Foce India incorporated wholly-owned subsidiary Foce Digital Solutions Pvt Ltd with Rs.10 lakh capital for e-commerce expansion.
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