Foce India Ltd
Incorporated in 2001, Foce India Ltd trades in wristwatches and Men’s accessories[1]
- Market Cap ₹ 651 Cr.
- Current Price ₹ 554
- High / Low ₹ 835 / 511
- Stock P/E 48.7
- Book Value ₹ 72.3
- Dividend Yield 0.00 %
- ROCE 19.1 %
- ROE 20.1 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 7.66 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.
Peer comparison
Consumer Discretionary Consumer Durables Consumer Durables Gems, Jewellery And Watches
Part of Nifty SME Emerge
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 | TTM | |
|---|---|---|---|---|---|---|
| 77 | 187 | 58 | 80 | 104 | 129 | |
| 74 | 176 | 46 | 60 | 86 | 111 | |
| Operating Profit | 3 | 11 | 11 | 20 | 18 | 18 |
| OPM % | 4% | 6% | 19% | 25% | 18% | 14% |
| 0 | 0 | 0 | 0 | 0 | 1 | |
| Interest | 0 | 0 | 0 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 3 | 11 | 10 | 19 | 18 | 17 |
| Tax % | 25% | 21% | 19% | 18% | 20% | |
| 2 | 9 | 8 | 16 | 14 | 13 | |
| EPS in Rs | 2.07 | 7.92 | 7.26 | 13.58 | 12.31 | 11.41 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -18% |
| TTM: | 46% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 16% |
| TTM: | -24% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 48% |
| 1 Year: | -8% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 24% |
| 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 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 4 | 5 | 5 | 5 | 5 | 5 |
| Reserves | 7 | 35 | 44 | 60 | 74 | 80 |
| 0 | 2 | 18 | 22 | 30 | 43 | |
| 27 | 11 | 20 | 24 | 40 | 65 | |
| Total Liabilities | 37 | 53 | 86 | 111 | 149 | 192 |
| 0 | 4 | 58 | 57 | 73 | 1 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 9 | 0 | 0 | 1 | 76 |
| 37 | 40 | 29 | 53 | 76 | 116 | |
| Total Assets | 37 | 53 | 86 | 111 | 149 | 192 |
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 |
| Free Cash Flow | 3 | -10 | 45 | 0 | 15 |
| CFO/OP | 141% | -56% | 419% | 18% | 102% |
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% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Net Capital Turnover Ratio (Standalone) Times ・Standalone data |
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| Trade Receivable Turnover Ratio (Standalone) Times ・Standalone data |
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| Number of Permanent Employees Numbers ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
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Structural Digital Database
20 April 2026 - Foce India filed SDD compliance certificate for quarter ended 31 March 2026; no non-compliances observed.
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Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter
18 April 2026 - Foce India says corporate governance report is not applicable for quarter ended 31.03.2026.
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Shareholders meeting
16 April 2026 - Postal ballot approved two special resolutions on 15 April 2026 for related party transactions with Manoj Kumar Agarwal and Tremont Luggage.
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Reply to Clarification- Financial results
13 April 2026 - Foce India filed revised half-year results for 30 Sep 2025 with comparative cash flow figures.
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
11 April 2026 - Submitted Regulation 74(5) certificate for quarter ended March 31, 2026; no dematerialised shares reported.
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