Forbes & Company Ltd
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]
- Market Cap ₹ 817 Cr.
- Current Price ₹ 633
- High / Low ₹ 796 / 240
- Stock P/E 33.0
- Book Value ₹ 94.5
- Dividend Yield 0.00 %
- ROCE 16.2 %
- ROE 15.0 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company is expected to give good quarter
- Debtor days have improved from 37.2 to 19.8 days.
Cons
- Stock is trading at 6.68 times its book value
- The company has delivered a poor sales growth of -11.5% over past five years.
- Tax rate seems low
- Promoters have pledged 98.2% of their holding.
- Earnings include an other income of Rs.18.0 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: Engineering Industry: Engineering
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
309 | 286 | 163 | 199 | 266 | 293 | 227 | 195 | 562 | 235 | 248 | 123 | |
292 | 277 | 160 | 212 | 228 | 235 | 204 | 199 | 424 | 202 | 222 | 116 | |
Operating Profit | 16 | 9 | 3 | -13 | 38 | 58 | 23 | -4 | 138 | 33 | 26 | 7 |
OPM % | 5% | 3% | 2% | -6% | 14% | 20% | 10% | -2% | 25% | 14% | 11% | 6% |
48 | -7 | 19 | 40 | 72 | 7 | 8 | 2 | -101 | 4,115 | 243 | 18 | |
Interest | 15 | 19 | 19 | 19 | 12 | 12 | 12 | 12 | 14 | 12 | 8 | 1 |
Depreciation | 13 | 13 | 3 | 5 | 6 | 8 | 9 | 12 | 14 | 13 | 14 | 2 |
Profit before tax | 36 | -30 | -1 | 3 | 92 | 46 | 10 | -26 | 9 | 4,122 | 247 | 22 |
Tax % | 13% | 0% | 0% | 0% | -5% | 11% | 1% | 5% | 440% | -0% | 3% | 10% |
31 | -30 | -1 | 3 | 97 | 41 | 10 | -25 | -31 | 4,133 | 239 | 20 | |
EPS in Rs | 24.30 | -23.03 | -0.45 | 2.44 | 74.89 | 31.71 | 7.96 | -19.03 | -24.05 | 3,203.83 | 184.95 | 15.77 |
Dividend Payout % | 0% | 0% | 0% | 0% | 3% | 8% | 63% | 0% | 0% | 0% | 35% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | -8% |
5 Years: | -11% |
3 Years: | -40% |
TTM: | -50% |
Compounded Profit Growth | |
---|---|
10 Years: | 14% |
5 Years: | 9% |
3 Years: | 27% |
TTM: | 280% |
Stock Price CAGR | |
---|---|
10 Years: | 42% |
5 Years: | 64% |
3 Years: | 102% |
1 Year: | 165% |
Return on Equity | |
---|---|
10 Years: | -13% |
5 Years: | -45% |
3 Years: | 15% |
Last Year: | 15% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 |
Reserves | 155 | 125 | 122 | 132 | 229 | 266 | 221 | 189 | 157 | 26 | 194 | 109 |
161 | 150 | 172 | 184 | 150 | 169 | 170 | 189 | 153 | 102 | 18 | 5 | |
122 | 115 | 94 | 112 | 108 | 92 | 342 | 473 | 205 | 316 | 303 | 235 | |
Total Liabilities | 450 | 404 | 401 | 441 | 499 | 539 | 746 | 864 | 528 | 457 | 528 | 362 |
116 | 105 | 100 | 32 | 70 | 76 | 79 | 132 | 118 | 117 | 114 | 27 | |
CWIP | 1 | 1 | 0 | 6 | 3 | 2 | 4 | 1 | 2 | 1 | 2 | 0 |
Investments | 155 | 154 | 163 | 200 | 193 | 206 | 243 | 242 | 167 | 37 | 105 | 128 |
178 | 144 | 139 | 203 | 234 | 255 | 420 | 489 | 241 | 303 | 308 | 206 | |
Total Assets | 450 | 404 | 401 | 441 | 499 | 539 | 746 | 864 | 528 | 457 | 528 | 362 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-25 | 37 | -19 | 34 | -30 | 27 | 61 | 60 | 99 | 62 | 64 | -17 | |
16 | -10 | 10 | -22 | 87 | -25 | -59 | -60 | -31 | -16 | 147 | 3 | |
9 | -28 | 6 | -4 | -54 | 4 | -15 | -5 | -48 | -62 | -181 | -1 | |
Net Cash Flow | 0 | -1 | -3 | 8 | 3 | 5 | -13 | -6 | 20 | -16 | 30 | -15 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
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 | 87 | 51 | 105 | 77 | 54 | 48 | 66 | 47 | 22 | 49 | 43 | 20 |
Inventory Days | 129 | 233 | 250 | 218 | 1,047 | 532 | 168 | 958 | 982 | 520 | ||
Days Payable | 168 | 220 | 261 | 207 | 612 | 229 | 75 | 277 | 206 | 125 | ||
Cash Conversion Cycle | 48 | 63 | 94 | 88 | 489 | 351 | 66 | 47 | 116 | 730 | 819 | 415 |
Working Capital Days | -11 | -16 | -117 | -25 | 97 | 111 | -87 | -188 | -7 | -80 | -98 | -104 |
ROCE % | 5% | 1% | 3% | 3% | 26% | 14% | 7% | -3% | 36% | 13% | 8% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
28 Jun - Newspaper Publication intimating transfer of shares to Investor Education and Protection Fund (IEPF)
- Closure of Trading Window 26 Jun
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 21 Jun
- Listing Of Equity Shares Of Forbes Precision Tools And Machine Parts Limited 7 Jun
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 31 May
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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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