Forbes & Company Ltd

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

Forbes & Company Ltd

₹ 461 -2.32%
27 Dec - close price
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 ₹ 595 Cr.
  • Current Price ₹ 461
  • High / Low ₹ 796 / 303
  • Stock P/E 25.7
  • Book Value ₹ 111
  • Dividend Yield 0.00 %
  • ROCE 5.95 %
  • ROE 4.79 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company is almost debt free.
  • Company is expected to give good quarter
  • Debtor days have improved from 42.6 to 19.8 days.

Cons

  • Stock is trading at 4.15 times its book value
  • The company has delivered a poor sales growth of -11.5% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 10.3% over last 3 years.
  • Promoters have pledged 98.2% of their holding.

* 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

Standalone Figures in Rs. Crores / View Consolidated

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
62.02 66.02 52.71 63.93 63.19 60.27 10.60 58.54 15.00 11.45 86.10 35.36 34.22
49.44 55.97 54.15 62.81 58.61 52.10 8.72 49.01 16.28 11.05 79.27 30.65 29.85
Operating Profit 12.58 10.05 -1.44 1.12 4.58 8.17 1.88 9.53 -1.28 0.40 6.83 4.71 4.37
OPM % 20.28% 15.22% -2.73% 1.75% 7.25% 13.56% 17.74% 16.28% -8.53% 3.49% 7.93% 13.32% 12.77%
-70.11 7.53 4,193.17 206.80 32.25 2.94 6.72 17.56 2.11 2.06 -3.63 2.27 2.87
Interest 3.21 2.82 3.04 2.30 1.72 1.44 2.01 0.54 0.12 0.12 0.68 0.15 0.11
Depreciation 3.28 3.56 3.10 3.29 3.32 3.35 0.67 3.32 0.44 0.38 0.36 0.36 0.36
Profit before tax -64.02 11.20 4,185.59 202.33 31.79 6.32 5.92 23.23 0.27 1.96 2.16 6.47 6.77
Tax % 6.25% 13.30% -0.38% 17.60% -87.13% 20.09% -23.65% 25.57% 18.52% -71.94% -103.70% 17.62% 15.36%
-68.02 9.71 4,201.67 166.73 59.49 5.05 7.32 17.29 0.22 3.37 4.40 5.33 5.73
EPS in Rs -52.73 7.53 3,257.11 129.25 46.12 3.91 5.67 13.40 0.17 2.61 3.41 4.13 4.44
Raw PDF

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 TTM
309 286 163 199 266 293 227 195 562 235 42 123 167
292 277 160 212 228 235 204 199 424 202 54 116 151
Operating Profit 16 9 3 -13 38 58 23 -4 138 33 -11 7 16
OPM % 5% 3% 2% -6% 14% 20% 10% -2% 25% 14% -27% 6% 10%
48 -7 19 40 72 7 8 2 -101 4,115 263 18 4
Interest 15 19 19 19 12 12 12 12 14 12 5 1 1
Depreciation 13 13 3 5 6 8 9 12 14 13 2 2 1
Profit before tax 36 -30 -1 3 92 46 10 -26 9 4,122 245 23 17
Tax % 13% 0% 0% 0% -5% 11% 1% -5% 440% -0% 2% 10%
31 -30 -1 3 97 41 10 -25 -31 4,133 239 20 19
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 15.76 14.59
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: 16%
Compounded Profit Growth
10 Years: 10%
5 Years: -13%
3 Years: 26%
TTM: -7%
Stock Price CAGR
10 Years: 23%
5 Years: 56%
3 Years: 36%
1 Year: 49%
Return on Equity
10 Years: -14%
5 Years: -47%
3 Years: 10%
Last Year: 5%

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 Sep 2024
Equity Capital 13 13 13 13 13 13 13 13 13 13 13 13 13
Reserves 155 125 122 132 229 266 221 189 157 26 194 109 131
161 150 172 184 150 169 170 189 153 102 5 5 5
122 115 94 112 108 92 342 473 205 316 316 235 170
Total Liabilities 450 404 401 441 499 539 746 864 528 457 528 362 319
116 105 100 32 70 76 79 132 118 117 29 27 28
CWIP 1 1 0 6 3 2 4 1 2 1 0 0 0
Investments 155 154 163 200 193 206 243 242 167 37 105 128 135
178 144 139 203 234 255 420 489 241 303 395 206 155
Total Assets 450 404 401 441 499 539 746 864 528 457 528 362 319

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 59 20
Inventory Days 129 233 250 218 1,047 532 168 958 892
Days Payable 168 220 261 207 612 229 75 277 214
Cash Conversion Cycle 48 63 94 88 489 351 66 47 116 730 59 697
Working Capital Days -11 -16 -117 -25 97 111 -87 -188 -7 -80 106 -206
ROCE % 5% 1% 3% 3% 26% 14% 7% -3% 36% 13% -6% 6%

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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