Foce India Ltd
Incorporated in 2001, Foce India Ltd trades in wristwatches and Men’s accessories[1]
- Market Cap ₹ 957 Cr.
- Current Price ₹ 1,955
- High / Low ₹ 1,980 / 1,226
- Stock P/E 66.4
- Book Value ₹ 161
- Dividend Yield 0.00 %
- ROCE 19.1 %
- ROE 20.1 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 12.1 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company might be capitalizing the interest cost
- 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: | 54% |
| 1 Year: | 15% |
| 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 | 73 | |
| CWIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 9 | 0 | 0 | 1 |
| 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 | 16 |
| ROCE % | 43% | 20% | 26% | 19% |
Documents
Announcements
-
Shareholders meeting
30 September 2025 - AGM on 29 Sep 2025: three resolutions (financials, director re-appointment, secretarial auditor) passed unanimously with 2,846,125 votes.
-
Shareholders meeting
29 September 2025 - 24th AGM on 29 Sep 2025: adopted FY2024-25 financials; reappointed Utkarsh Agarwal; appointed Brajesh Gupta.
-
Trading Window
26 September 2025 - Trading window closed from 1 Oct 2025 until 48 hours after unaudited H1 (30 Sep 2025) results.
-
Disclosure under SEBI Takeover Regulations
24 September 2025 - Foce India Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, …
-
Shareholders meeting
6 September 2025 - AGM notice & Annual Report FY2024-25; AGM 29 Sep 2025; adopt audited financials; reappoint Utkarsh; appoint secretarial auditor.
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