Foce India Ltd
Foce India Ltd is mainly engaged in the business of supply, distribution and retailing of various types of wrist watches such as Analog, digital, chronograph, designer, etc. [1]
- Market Cap ₹ 437 Cr.
- Current Price ₹ 894
- High / Low ₹ 925 / 383
- Stock P/E 58.0
- Book Value ₹ 104
- Dividend Yield 0.00 %
- ROCE 20.1 %
- ROE 19.1 %
- Face Value ₹ 10.0
Pros
- Debtor days have improved from 84.5 to 59.2 days.
Cons
- Stock is trading at 8.62 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
* 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 | TTM | |
|---|---|---|---|---|
| 76.90 | 187.06 | 57.71 | 41.04 | |
| 74.21 | 175.60 | 46.56 | 30.83 | |
| Operating Profit | 2.69 | 11.46 | 11.15 | 10.21 |
| OPM % | 3.50% | 6.13% | 19.32% | 24.88% |
| 0.00 | 0.15 | 0.08 | 0.03 | |
| Interest | 0.00 | 0.00 | 0.41 | 0.00 |
| Depreciation | 0.02 | 0.13 | 0.32 | 0.31 |
| Profit before tax | 2.67 | 11.48 | 10.50 | 9.93 |
| Tax % | 25.47% | 20.82% | 19.05% | |
| 1.99 | 9.27 | 8.50 | 7.54 | |
| EPS in Rs | 4.98 | 18.95 | 17.37 | 15.41 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -68% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -38% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 54% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 19% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
|---|---|---|---|---|
| Equity Capital | 3.99 | 4.89 | 4.89 | 2.01 |
| Reserves | 6.67 | 35.29 | 43.57 | 48.74 |
| 0.00 | 1.70 | 17.68 | 26.38 | |
| 26.83 | 11.47 | 20.32 | 27.88 | |
| Total Liabilities | 37.49 | 53.35 | 86.46 | 109.90 |
| 0.06 | 4.46 | 57.50 | 1.03 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 8.99 | 0.00 | 62.64 |
| 37.43 | 39.90 | 28.96 | 46.23 | |
| Total Assets | 37.49 | 53.35 | 86.46 | 109.90 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|
| 3.10 | -8.85 | 44.84 | |
| -0.05 | -13.50 | -44.24 | |
| -0.70 | 20.26 | 0.00 | |
| Net Cash Flow | 2.35 | -2.09 | 0.60 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|
| Debtor Days | 152.83 | 41.42 | 59.20 |
| Inventory Days | 12.12 | 26.64 | 93.86 |
| Days Payable | 133.94 | 23.65 | 147.43 |
| Cash Conversion Cycle | 31.02 | 44.42 | 5.64 |
| Working Capital Days | 38.54 | 54.05 | 47.44 |
| ROCE % | 43.12% | 20.12% |
Documents
Announcements
- Updates 11 November 2023
- Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent 10 November 2023
- Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent 10 November 2023
- Change in Auditors 10 November 2023
- Related Party Transactions 10 November 2023
Product Offerings
The company's products consist of various types of wrist watches such as analogue, digital, chronograph, designer, etc.[1] Its watches have average selling prices per watch in retail in the range of Rs. 250-5,000.[2]