Foce India Ltd
Incorporated in 2001, Foce India Ltd trades in wristwatches and Men’s accessories[1]
- Market Cap ₹ 508 Cr.
- Current Price ₹ 1,039
- High / Low ₹ 1,099 / 670
- Stock P/E 32.0
- Book Value ₹ 132
- Dividend Yield 0.00 %
- ROCE 30.1 %
- ROE 32.8 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 28.4%
- Company's working capital requirements have reduced from 45.2 days to 34.1 days
Cons
- Stock is trading at 7.83 times its book value
- 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.
Half Yearly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| 77 | 187 | 58 | 80 | |
| 74 | 176 | 47 | 60 | |
| Operating Profit | 3 | 11 | 11 | 20 |
| OPM % | 4% | 6% | 19% | 25% |
| 0 | 0 | 0 | 0 | |
| Interest | 0 | 0 | 0 | 1 |
| Depreciation | 0 | 0 | 0 | 0 |
| Profit before tax | 3 | 11 | 10 | 19 |
| Tax % | 25% | 21% | 19% | 18% |
| 2 | 9 | 8 | 16 | |
| EPS in Rs | 4.98 | 18.95 | 17.37 | 32.48 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 1% |
| TTM: | 39% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 100% |
| TTM: | 88% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 42% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 28% |
| Last Year: | 33% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| Equity Capital | 4 | 5 | 5 | 5 |
| Reserves | 7 | 35 | 44 | 60 |
| 0 | 2 | 18 | 22 | |
| 27 | 11 | 20 | 24 | |
| Total Liabilities | 37 | 53 | 86 | 111 |
| 0 | 4 | 58 | 1 | |
| CWIP | 0 | 0 | 0 | 0 |
| Investments | 0 | 9 | 0 | 56 |
| 37 | 40 | 29 | 53 | |
| Total Assets | 37 | 53 | 86 | 111 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| 3 | -9 | 45 | 0 | |
| -0 | -14 | -44 | 0 | |
| -1 | 20 | 0 | 0 | |
| Net Cash Flow | 2 | -2 | 1 | 0 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| Debtor Days | 153 | 41 | 59 | |
| Inventory Days | 12 | 27 | 94 | |
| Days Payable | 134 | 24 | 147 | |
| Cash Conversion Cycle | 31 | 44 | 6 | |
| Working Capital Days | 39 | 54 | 47 | |
| ROCE % | 43% | 20% |
Documents
Announcements
-
Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter
15 July 2024 - Foce India Limited has informed regarding non applicability of Corporate Governance report for the Quarter ended 30th June, 2024
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
15 July 2024 - Foce India Limited has informed about Certificate under SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 30th June, 2024
-
Financial Result Updates
30 May 2024 - Foce India Limited has submitted to the Exchange, the financial results for the period ended March 31, 2024.
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Outcome of Board Meeting
30 May 2024 - Foce India Limited has informed regarding Board meeting held on May 30, 2024.
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Related Party Transactions
30 May 2024 - Foce India Limited has informed about non-applicability of disclosure on related Party Transactions
Business Overview:[1][2][3]
FIL is a part of Indian Horology Industry in the mid-range segment. It is an Authorized Distributor of Foce Watches in India. Company manufactures and imports wrist watches under various brand names with distribution across 1700 retail stores in the country along with clientele in corporate segment