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 ₹ 190 Cr.
- Current Price ₹ 108
- High / Low ₹ 160 / 65.0
- Stock P/E 22.0
- Book Value ₹ 36.2
- Dividend Yield 0.00 %
- ROCE 21.4 %
- ROE 20.6 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
Cons
- 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.
Peer comparison
Consumer Discretionary Textiles Textiles & Apparels Garments & Apparels
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2021 | Mar 2022 | Mar 2023 | Feb 2024 1m | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|
50 | 53 | 67 | 24 | 112 | 142 | |
47 | 50 | 65 | 22 | 102 | 129 | |
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 | 2 |
Depreciation | 0 | 0 | 0 | 0 | 0 | 0 |
Profit before tax | 1 | 1 | 1 | 2 | 7 | 12 |
Tax % | -5% | -3% | -3% | 26% | 26% | 26% |
1 | 1 | 1 | 1 | 5 | 9 | |
EPS in Rs | 0.61 | 0.85 | 1.23 | 0.91 | 3.91 | 4.91 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 39% |
TTM: | 27% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 120% |
TTM: | 71% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | % |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 23% |
Last Year: | 21% |
Balance Sheet
Figures in Rs. Crores
Mar 2021 | Mar 2022 | Mar 2023 | Feb 2024 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|
Equity Capital | 7 | 8 | 9 | 13 | 13 | 18 |
Reserves | 0 | 0 | 0 | 6 | 7 | 46 |
24 | 24 | 23 | 29 | 33 | 13 | |
17 | 11 | 7 | 11 | 13 | 14 | |
Total Liabilities | 49 | 43 | 39 | 59 | 66 | 91 |
1 | 1 | 1 | 1 | 1 | 2 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 |
48 | 42 | 38 | 58 | 65 | 89 | |
Total Assets | 49 | 43 | 39 | 59 | 66 | 91 |
Cash Flows
Figures in Rs. Crores
Mar 2021 | Mar 2022 | Mar 2023 | Feb 2024 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|
3 | 3 | 5 | 1 | -48 | -4 | |
-0 | -0 | -1 | 0 | -1 | -1 | |
-2 | -2 | -5 | -2 | 50 | 13 | |
Net Cash Flow | 0 | 0 | -0 | -0 | 0 | 8 |
Ratios
Figures in Rs. Crores
Mar 2021 | Mar 2022 | Mar 2023 | Feb 2024 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|
Debtor Days | 136 | 40 | 63 | 360 | 105 | 98 |
Inventory Days | 224 | 285 | 156 | 544 | 96 | 122 |
Days Payable | 169 | 92 | 50 | 199 | 49 | 46 |
Cash Conversion Cycle | 191 | 232 | 169 | 705 | 152 | 173 |
Working Capital Days | 193 | 189 | 137 | 561 | 137 | 162 |
ROCE % | 10% | 13% | 5% | 25% | 21% |
Documents
Announcements
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
10 July 2025 - Certificate confirming timely dematerialization compliance for quarter ended June 30, 2025.
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Structural Digital Database
10 July 2025 - Compliance certificate for Structured Digital Database under SEBI PIT for FY ended March 31, 2025.
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Analysts/Institutional Investor Meet/Con. Call Updates
23 June 2025 - Forcas Studio schedules investor meeting on June 27, 2025, in New Delhi; no UPSI to be shared.
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Analysts/Institutional Investor Meet/Con. Call Updates
16 June 2025 - Forcas Studio reports FY25 revenue ₹142cr (+26%), PAT ₹8.63cr (+71%), expands women's, kids' wear, quick commerce.
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Analysts/Institutional Investor Meet/Con. Call Updates
12 June 2025 - Posted audio-video recording of H2 & FY25 earnings call held June 12, 2025.
Annual reports
No data available.
Concalls
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Jun 2025Transcript PPT
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Feb 2025TranscriptNotesPPT
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Jan 2025TranscriptNotesPPT
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.