Foce India Ltd
Incorporated in 2001, Foce India Ltd trades in wristwatches and Men’s accessories[1]
- Market Cap ₹ 700 Cr.
- Current Price ₹ 1,430
- High / Low ₹ 1,800 / 700
- Stock P/E 39.8
- Book Value ₹ 146
- Dividend Yield 0.00 %
- ROCE 26.2 %
- ROE 28.2 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 26.6%
Cons
- Stock is trading at 9.82 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has high debtors of 205 days.
- Working capital days have increased from 75.5 days to 125 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 | TTM | |
|---|---|---|---|---|---|
| 77 | 187 | 58 | 80 | 88 | |
| 74 | 176 | 46 | 60 | 67 | |
| Operating Profit | 3 | 11 | 11 | 20 | 22 |
| OPM % | 4% | 6% | 19% | 25% | 24% |
| 0 | 0 | 0 | 0 | 0 | |
| Interest | 0 | 0 | 0 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 3 | 11 | 10 | 19 | 21 |
| Tax % | 25% | 21% | 19% | 18% | |
| 2 | 9 | 8 | 16 | 18 | |
| EPS in Rs | 4.98 | 18.95 | 17.37 | 32.48 | 35.93 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 1% |
| TTM: | 115% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 100% |
| TTM: | 133% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 63% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 27% |
| Last Year: | 28% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|
| Equity Capital | 4 | 5 | 5 | 5 | 5 |
| Reserves | 7 | 35 | 44 | 60 | 66 |
| 0 | 2 | 18 | 22 | 24 | |
| 27 | 11 | 20 | 24 | 20 | |
| Total Liabilities | 37 | 53 | 86 | 111 | 115 |
| 0 | 4 | 58 | 57 | 1 | |
| CWIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 9 | 0 | 0 | 62 |
| 37 | 40 | 29 | 53 | 52 | |
| Total Assets | 37 | 53 | 86 | 111 | 115 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| 3 | -9 | 45 | 0 | |
| -0 | -14 | -44 | 0 | |
| -1 | 20 | 0 | 0 | |
| Net Cash Flow | 2 | -2 | 1 | 0 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| Debtor Days | 153 | 41 | 59 | 205 |
| Inventory Days | 12 | 27 | 94 | 6 |
| Days Payable | 134 | 24 | 147 | 135 |
| Cash Conversion Cycle | 31 | 44 | 6 | 76 |
| Working Capital Days | 39 | 54 | 47 | 125 |
| ROCE % | 43% | 20% | 26% |
Documents
Announcements
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Related Party Transactions
14 November 2024 - Foce India Limited has informed about Non Applicability of Regulation 23 (9) of the Securities Exchange Board of India(Listing Obligations & Disclosure Requirement) Regulation, 2015
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Financial Result Updates
14 November 2024 - Foce India Limited has submitted to the Exchange, the financial results for the period ended September 30, 2024.
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Board Meeting Intimation
6 November 2024 - FOCE INDIA LIMITED has informed about Board Meeting to be held on 14-Nov-2024 to inter-alia consider and approve the Unaudited Financial results of the Company …
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Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter
15 October 2024 - Foce India Limited has informed regarding Submission of the Compliance Report on Corporate Governance for the Q_ FY 20__-__
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
15 October 2024 - Foce India Limited has informed about Certificate under SEBI (Depositories and Participants) Regulations, 2018
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