Foce India Ltd
Incorporated in 2001, Foce India Ltd trades in wristwatches and Men’s accessories[1]
- Market Cap ₹ 687 Cr.
- Current Price ₹ 585
- High / Low ₹ 835 / 511
- Stock P/E 45.9
- Book Value ₹ 79.7
- Dividend Yield 0.00 %
- ROCE 16.1 %
- ROE 17.4 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 49.7% CAGR over last 5 years
Cons
- Stock is trading at 7.41 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has high debtors of 179 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 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 77 | 187 | 58 | 80 | 104 | 145 | |
| 74 | 176 | 46 | 60 | 86 | 125 | |
| Operating Profit | 3 | 11 | 11 | 20 | 18 | 20 |
| OPM % | 4% | 6% | 19% | 25% | 18% | 14% |
| 0 | 0 | 0 | 0 | 0 | 0 | |
| Interest | 0 | 0 | 0 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 3 | 11 | 10 | 19 | 18 | 19 |
| Tax % | 25% | 21% | 19% | 18% | 20% | 20% |
| 2 | 9 | 8 | 16 | 14 | 15 | |
| EPS in Rs | 2.07 | 7.92 | 7.26 | 13.58 | 12.31 | 12.75 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 14% |
| 3 Years: | 36% |
| TTM: | 39% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 50% |
| 3 Years: | 21% |
| TTM: | 4% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 32% |
| 1 Year: | -13% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 22% |
| 3 Years: | 21% |
| Last Year: | 17% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 4 | 5 | 5 | 5 | 5 | 12 |
| Reserves | 7 | 35 | 44 | 60 | 74 | 82 |
| 0 | 2 | 18 | 22 | 30 | 48 | |
| 27 | 11 | 20 | 24 | 40 | 62 | |
| Total Liabilities | 37 | 53 | 86 | 111 | 149 | 204 |
| 0 | 4 | 58 | 57 | 73 | 3 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 9 | 0 | 0 | 1 | 77 |
| 37 | 40 | 29 | 53 | 76 | 124 | |
| Total Assets | 37 | 53 | 86 | 111 | 149 | 204 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 3 | -9 | 45 | 0 | 15 | 1 | |
| -0 | -14 | -44 | 0 | -16 | -7 | |
| -1 | 20 | 0 | 0 | 0 | 5 | |
| Net Cash Flow | 2 | -2 | 1 | 0 | -1 | -0 |
| Free Cash Flow | 3 | -10 | 45 | 0 | 15 | -1 |
| CFO/OP | 141% | -56% | 419% | 18% | 102% | 26% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 153 | 41 | 59 | 205 | 202 | 179 |
| Inventory Days | 12 | 27 | 94 | 6 | 14 | 116 |
| Days Payable | 134 | 24 | 147 | 135 | 79 | 89 |
| Cash Conversion Cycle | 31 | 44 | 6 | 76 | 137 | 206 |
| Working Capital Days | 39 | 51 | -64 | 26 | 16 | 47 |
| ROCE % | 43% | 20% | 26% | 19% | 16% |
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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Giving guarantees/indemnity/ becoming a surety for third party
28 May 2026 - Foce India extends ₹15 crore corporate guarantee to FOCE Realty Solutions for YES Bank loan.
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Outcome of Board Meeting
27 May 2026 - Board approved FY26 audited results, NSE SME-to-Main Board migration, BSE direct listing, and director reappointments.
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Outcome of Board Meeting
27 May 2026 - Board approved FY26 audited results, NSE SME-to-main-board migration, BSE direct listing, and key director reappointments.
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Disclosure under SEBI Takeover Regulations
26 May 2026 - Promoter group disclosed no share encumbrances in Foce India Ltd as of 31 Mar 2026.
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Updates
25 May 2026 - Foce India says Annual Secretarial Compliance Report for FY2026 is not applicable under SME exemption.
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