Foce India Ltd
Incorporated in 2001, Foce India Ltd trades in wristwatches and Men’s accessories[1]
- Market Cap ₹ 738 Cr.
- Current Price ₹ 1,507
- High / Low ₹ 1,800 / 710
- Stock P/E 42.0
- Book Value ₹ 146
- Dividend Yield 0.00 %
- ROCE 26.2 %
- ROE 28.2 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 26.6%
Cons
- Stock is trading at 10.4 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has high debtors of 205 days.
- Working capital days have increased from 75.5 days to 125 days
* 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 | TTM | |
|---|---|---|---|---|---|
| 77 | 187 | 58 | 80 | 88 | |
| 74 | 176 | 46 | 60 | 67 | |
| Operating Profit | 3 | 11 | 11 | 20 | 22 |
| OPM % | 4% | 6% | 19% | 25% | 24% |
| 0 | 0 | 0 | 0 | 0 | |
| Interest | 0 | 0 | 0 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 3 | 11 | 10 | 19 | 21 |
| Tax % | 25% | 21% | 19% | 18% | |
| 2 | 9 | 8 | 16 | 18 | |
| EPS in Rs | 4.98 | 18.95 | 17.37 | 32.48 | 35.93 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 1% |
| TTM: | 115% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 100% |
| TTM: | 133% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 83% |
| 1 Year: | 81% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 27% |
| Last Year: | 28% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|
| Equity Capital | 4 | 5 | 5 | 5 | 5 |
| Reserves | 7 | 35 | 44 | 60 | 66 |
| 0 | 2 | 18 | 22 | 24 | |
| 27 | 11 | 20 | 24 | 20 | |
| Total Liabilities | 37 | 53 | 86 | 111 | 115 |
| 0 | 4 | 58 | 57 | 1 | |
| CWIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 9 | 0 | 0 | 62 |
| 37 | 40 | 29 | 53 | 52 | |
| Total Assets | 37 | 53 | 86 | 111 | 115 |
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 | 205 |
| Inventory Days | 12 | 27 | 94 | 6 |
| Days Payable | 134 | 24 | 147 | 135 |
| Cash Conversion Cycle | 31 | 44 | 6 | 76 |
| Working Capital Days | 39 | 54 | 47 | 125 |
| ROCE % | 43% | 20% | 26% |
Documents
Announcements
-
Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter
15 April 2025 - Corporate governance report not applicable due to SME listing.
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
12 April 2025 - Certificate under SEBI Regulation 74(5) for March 2025 quarter; no shares dematerialised.
-
Outcome of Board Meeting
12 April 2025 - Board meeting held; discussed business operations and general affairs.
-
Board Meeting Intimation
4 April 2025 - FOCE INDIA LIMITED has informed about Board Meeting to be held on 12-Apr-2025 to consider Other business.
-
Trading Window
24 March 2025 - Trading window closed from April 1 until 48 hours post audited results
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