Forcas Studio Ltd
Incorporated in April 2010, Forcas Studio Limited sells men's clothing, including shirts, jeans, t-shirts, trousers, cotton pants, sportswear, party wear, fashion wear, and boxers.[1]
- Market Cap ₹ 173 Cr.
- Current Price ₹ 98.4
- High / Low ₹ 160 / 65.0
- Stock P/E 24.1
- Book Value ₹ 33.0
- Dividend Yield 0.00 %
- ROCE 33.2 %
- ROE 58.6 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 28.3%
- Company's working capital requirements have reduced from 136 days to 82.2 days
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company's cost of borrowing seems high
* 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: E-Commerce/App based Aggregator Industry: Textiles - Products
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Feb 2024 1m | Mar 2024 | TTM | |
|---|---|---|---|---|---|---|
| 50 | 53 | 67 | 24 | 112 | 139 | |
| 47 | 50 | 65 | 22 | 102 | 126 | |
| Operating Profit | 3 | 3 | 3 | 2 | 10 | 13 |
| OPM % | 6% | 6% | 4% | 9% | 9% | 9% |
| 1 | 1 | 2 | 0 | 1 | 1 | |
| Interest | 3 | 3 | 3 | 1 | 4 | 4 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 1 | 1 | 1 | 2 | 7 | 10 |
| Tax % | -5% | -3% | -3% | 26% | 26% | |
| 1 | 1 | 1 | 1 | 5 | 7 | |
| EPS in Rs | 0.61 | 0.85 | 1.23 | 0.91 | 3.91 | 4.97 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 31% |
| TTM: | 67% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 106% |
| TTM: | 331% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 28% |
| Last Year: | 59% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Feb 2024 | Sep 2024 | |
|---|---|---|---|---|---|
| Equity Capital | 7 | 8 | 9 | 13 | 18 |
| Reserves | 0 | 0 | 0 | 6 | 40 |
| 24 | 24 | 23 | 29 | 19 | |
| 17 | 11 | 7 | 11 | 5 | |
| Total Liabilities | 49 | 43 | 39 | 59 | 83 |
| 1 | 1 | 1 | 1 | 1 | |
| CWIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 26 |
| 48 | 42 | 38 | 58 | 56 | |
| Total Assets | 49 | 43 | 39 | 59 | 83 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Feb 2024 | Mar 2024 | |
|---|---|---|---|---|---|
| 3 | 3 | 5 | 1 | -48 | |
| -0 | -0 | -1 | 0 | -1 | |
| -2 | -2 | -5 | -2 | 50 | |
| Net Cash Flow | 0 | 0 | -0 | -0 | 0 |
Ratios
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Feb 2024 | Mar 2024 | |
|---|---|---|---|---|---|
| Debtor Days | 136 | 40 | 63 | 360 | |
| Inventory Days | 224 | 285 | 156 | 544 | |
| Days Payable | 169 | 92 | 50 | 199 | |
| Cash Conversion Cycle | 191 | 232 | 169 | 705 | |
| Working Capital Days | 193 | 189 | 137 | 561 | |
| ROCE % | 10% | 13% | 5% |
Documents
Announcements
-
Press Release
21 April 2025 - FORCAS reports 20% marketplace growth, 25% SKU increase, launching women's and men's ethnic wear soon.
-
Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter
10 April 2025 - SEBI corporate governance norms not applicable for Q4 FY25 due to paid-up capital and SME listing exemption
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
8 April 2025 - Certificate confirming dematerialisation of securities for March 2025 quarter.
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Analysts/Institutional Investor Meet/Con. Call Updates
26 March 2025 - Forcas Studio MD attended Arihant Capital’s Bharat Connect Conference; no UPSI shared
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Trading Window-XBRL
24 March 2025 - Forcas Studio Limited has informed about Closure of Trading Window
Annual reports
No data available.
Product Portfolio[1] Company offers a wide range of products, including shirts, denim, t-shirts, trousers, cotton pants, sportswear, party wear, fashion wear, and boxers for the Indian menswear segment.