Forbes & Company Ltd

Forbes & Co Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Forbes & Company Ltd

₹ 465 2.83%
11 Dec 4:00 p.m.
forbes.co.in BSE: 502865
About

Incorporated in 1919, Forbes & Company Ltd
is in the business of Health, Hygiene, Safety Products and its services, manufacturing &
sale of engineering products, real estate development project and leasing of
premises, IT Enabled Services and
Products and Shipping and Logistics
Services[1]

Key Points

Business Overview:[1]
FCL is a part of the Shapoorji Pallonji Group, which holds a 73.85% equity stake in FCL. Company's operations including:
a) Engineering business:
This comprises industrial automation and coding
b) Residential project development:
Company is developing real estate projects called Vicinia in Chandivali, Mumbai. In addition, FCL earns substantial income from its real estate holdings.
c) Others:
It has many subsidiaries, JVs, and associate companies. However, the company has undertaken various divestment and business discontinuations over the years

Website BSE
  • Market Cap ₹ 600 Cr.
  • Current Price ₹ 465
  • High / Low ₹ 796 / 293
  • Stock P/E 29.4
  • Book Value ₹ 143
  • Dividend Yield 0.00 %
  • ROCE 3.89 %
  • ROE -9.62 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company is almost debt free.
  • Company is expected to give good quarter
  • Debtor days have improved from 50.5 to 28.6 days.

Cons

  • Stock is trading at 3.26 times its book value
  • The company has delivered a poor sales growth of -46.4% over past five years.
  • Promoters have pledged 98.2% of their holding.
  • Earnings include an other income of Rs.6.84 Cr.

* 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

Sector: Realty Industry: Construction

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
131.36 136.73 116.52 121.85 64.42 60.75 11.26 11.37 15.54 11.89 87.08 35.79 34.66
115.37 123.05 113.15 121.76 57.05 63.60 14.94 11.30 17.04 11.81 83.58 31.00 30.45
Operating Profit 15.99 13.68 3.37 0.09 7.37 -2.85 -3.68 0.07 -1.50 0.08 3.50 4.79 4.21
OPM % 12.17% 10.01% 2.89% 0.07% 11.44% -4.69% -32.68% 0.62% -9.65% 0.67% 4.02% 13.38% 12.15%
-42.03 -2.00 4,294.54 195.02 13.64 8.15 14.10 17.40 -20.24 2.96 -1.03 2.31 2.60
Interest 10.38 8.98 10.91 6.51 4.12 3.51 -0.90 0.24 0.39 0.17 0.80 0.23 0.20
Depreciation 11.23 11.41 8.08 6.82 4.50 4.49 1.36 0.41 0.46 0.35 0.43 0.38 0.37
Profit before tax -47.65 -8.71 4,278.92 181.78 12.39 -2.70 9.96 16.82 -22.59 2.52 1.24 6.49 6.24
Tax % 11.69% 27.32% -0.35% 19.87% -223.00% 51.11% -2.71% 36.09% 0.53% -55.95% -173.39% 18.64% 17.63%
-53.22 -11.09 4,293.80 145.66 40.02 -4.08 10.23 10.75 -22.71 3.93 3.39 5.28 5.14
EPS in Rs -38.52 -8.56 3,326.29 113.01 31.02 -3.16 7.93 8.33 -17.60 3.05 2.63 4.09 3.98
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
1,999 3,067 3,546 3,231 2,999 2,822 2,853 2,731 932 515 47 126 169
1,948 2,914 3,417 3,194 2,892 2,693 2,710 2,701 821 465 76 124 157
Operating Profit 51 153 129 37 106 129 143 30 111 49 -29 2 13
OPM % 3% 5% 4% 1% 4% 5% 5% 1% 12% 10% -63% 2% 7%
153 52 65 135 134 39 35 -171 -48 4,252 243 -1 7
Interest 51 79 91 107 74 96 89 101 52 42 10 2 1
Depreciation 45 54 22 75 71 77 77 98 68 41 6 2 2
Profit before tax 109 72 81 -9 95 -4 11 -341 -56 4,218 198 -2 16
Tax % 24% 30% 54% 423% 26% 682% 126% -1% 107% -0% 3% 122%
84 50 37 -48 89 -32 -3 -338 -117 4,229 192 -4 18
EPS in Rs 66.32 31.05 25.17 -45.39 65.49 -15.07 5.40 -251.63 -60.21 3,278.84 148.80 -3.46 13.75
Dividend Payout % -0% -0% -0% -0% 4% -17% 93% -0% -0% -0% 44% -0%
Compounded Sales Growth
10 Years: -27%
5 Years: -46%
3 Years: -49%
TTM: 71%
Compounded Profit Growth
10 Years: %
5 Years: -32%
3 Years: %
TTM: 171%
Stock Price CAGR
10 Years: 27%
5 Years: 55%
3 Years: 41%
1 Year: 46%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: -10%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 13 13 13 13 13 13 13 13 13 13 13 13 13
Reserves 410 398 431 206 301 303 251 -101 -154 73 212 127 171
416 918 1,180 1,140 1,164 1,189 1,070 1,137 523 288 9 9 9
791 1,160 1,188 1,220 1,228 1,254 1,541 1,695 1,654 415 467 271 219
Total Liabilities 1,629 2,488 2,811 2,579 2,706 2,759 2,874 2,744 2,036 789 701 421 413
367 878 1,140 997 1,036 1,139 1,134 1,027 598 158 29 27 28
CWIP 13 29 51 72 74 94 87 29 4 1 -0 -0 0
Investments 119 10 26 92 73 80 81 123 60 117 145 171 214
1,129 1,571 1,594 1,418 1,524 1,445 1,573 1,565 1,374 513 527 223 171
Total Assets 1,629 2,488 2,811 2,579 2,706 2,759 2,874 2,744 2,036 789 701 421 413

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
95 114 98 120 67 170 207 229 366 201 55 -20
-85 -409 -51 -83 5 -130 -44 -143 65 9 216 1
-34 421 -80 -36 -20 -94 -230 -122 -382 -275 -243 -6
Net Cash Flow -25 126 -34 2 52 -53 -66 -36 49 -65 27 -26

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 65 66 60 59 56 54 60 54 47 62 61 29
Inventory Days 137 131 102 98 138 155 220 284 188 533 884
Days Payable 152 192 162 140 115 142 151 162 99 214 338
Cash Conversion Cycle 51 5 0 17 79 68 128 177 136 380 61 574
Working Capital Days 1 -14 0 -2 8 -4 -34 -64 -139 16 -145 -287
ROCE % 12% 14% 11% 3% 5% 5% 7% -2% 14% 12% -9% 4%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
73.85% 73.85% 73.85% 73.85% 73.85% 73.85% 73.85% 73.85% 73.85% 73.85% 73.85% 73.85%
11.53% 11.53% 11.52% 11.52% 11.52% 11.52% 11.52% 11.51% 11.58% 11.56% 11.51% 11.30%
0.62% 0.11% 0.11% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10%
0.86% 0.86% 0.86% 0.86% 0.86% 0.86% 0.86% 0.86% 0.86% 0.86% 0.86% 0.86%
13.15% 13.65% 13.66% 13.70% 13.69% 13.68% 13.68% 13.67% 13.61% 13.63% 13.68% 13.89%
No. of Shareholders 12,02612,37311,72114,81914,33613,83013,58613,06712,61913,30213,12812,852

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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