Foce India Ltd
Incorporated in 2001, Foce India Ltd trades in wristwatches and Men’s accessories[1]
- Market Cap ₹ 964 Cr.
- Current Price ₹ 1,971
- High / Low ₹ 1,971 / 830
- Stock P/E 67.0
- Book Value ₹ 161
- Dividend Yield 0.00 %
- ROCE 19.0 %
- ROE 20.1 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 12.2 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: | 88% |
| 1 Year: | 92% |
| 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 | 54 | 47 | 125 | 124 |
| ROCE % | 43% | 20% | 26% | 19% |
Documents
Announcements
-
Structural Digital Database
18 July 2025 - SDD compliance certificate confirming one UPSI event captured for quarter ended June 30, 2025.
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Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter
11 July 2025 - Foce India exempt from corporate governance report for June 2025 quarter due to NSE SME listing.
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
11 July 2025 - Certificate confirming no shares dematerialised for quarter ended June 30, 2025.
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Clarification - Financial Results
1 July 2025 - Exchange has sought clarification from Foce India Limited for the quarter ended 31-Mar-2025 with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015. On …
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General Updates
30 May 2025 - Foce India exempt from Annual Secretarial Compliance Report due to NSE SME listing status.
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