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 ₹ 198 Cr.
- Current Price ₹ 112
- High / Low ₹ 160 / 65.0
- Stock P/E 22.9
- 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
-
Analysts/Institutional Investor Meet/Con. Call Updates
9 June 2025 - H2 & FY25 post earnings conference call scheduled for June 12, 2025 at 2 PM IST.
-
Investor Presentation
9 June 2025 - Forcas Studio's investor presentation outlines menswear focus, brand growth, digital expansion, and new women's wear launch.
-
Analysts/Institutional Investor Meet/Con. Call Updates
8 June 2025 - Forcas Studio Limited has informed about Schedule of meet
-
Structural Digital Database
30 May 2025 - Compliance certificate for Structured Digital Database under SEBI PIT Regulations for half year ended March 31, 2025.
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Outcome of Board Meeting
27 May 2025 - Forcas Studio reports audited FY25 results with Rs.11.65 Cr PBT, appoints Secretarial Auditor, no IPO fund deviation.
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.