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 ₹ 826 Cr.
- Current Price ₹ 640
- High / Low ₹ 796 / 239
- Stock P/E 38.2
- Book Value ₹ 109
- Dividend Yield 0.00 %
- ROCE 11.6 %
- ROE 11.8 %
- 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 46.1 to 28.6 days.
Cons
- Stock is trading at 5.89 times its book value
- The company has delivered a poor sales growth of -46.4% over past five 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: Engineering Industry: Engineering
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1,999 | 3,067 | 3,546 | 3,231 | 2,999 | 2,822 | 2,853 | 2,731 | 932 | 515 | 442 | 126 | |
1,948 | 2,914 | 3,417 | 3,194 | 2,892 | 2,693 | 2,710 | 2,701 | 821 | 465 | 461 | 124 | |
Operating Profit | 51 | 153 | 129 | 37 | 106 | 129 | 143 | 30 | 111 | 49 | -19 | 2 |
OPM % | 3% | 5% | 4% | 1% | 4% | 5% | 5% | 1% | 12% | 10% | -4% | 2% |
153 | 52 | 65 | 135 | 134 | 39 | 35 | -171 | -48 | 4,252 | 284 | -1 | |
Interest | 51 | 79 | 91 | 107 | 74 | 96 | 89 | 101 | 52 | 42 | 18 | 2 |
Depreciation | 45 | 54 | 22 | 75 | 71 | 77 | 77 | 98 | 68 | 41 | 27 | 2 |
Profit before tax | 109 | 72 | 81 | -9 | 95 | -4 | 11 | -341 | -56 | 4,218 | 220 | -2 |
Tax % | 24% | 30% | 54% | -423% | 26% | -682% | 126% | 1% | -107% | -0% | 13% | -122% |
84 | 50 | 37 | -48 | 89 | -32 | -3 | -338 | -117 | 4,229 | 192 | -4 | |
EPS in Rs | 66.32 | 31.05 | 25.17 | -45.39 | 65.49 | -15.07 | 5.40 | -251.63 | -60.21 | 3,278.84 | 148.80 | -3.46 |
Dividend Payout % | 0% | 0% | 0% | 0% | 4% | -17% | 93% | 0% | 0% | 0% | 44% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | -27% |
5 Years: | -46% |
3 Years: | -49% |
TTM: | -72% |
Compounded Profit Growth | |
---|---|
10 Years: | -7% |
5 Years: | 34% |
3 Years: | -18% |
TTM: | 720% |
Stock Price CAGR | |
---|---|
10 Years: | 42% |
5 Years: | 64% |
3 Years: | 103% |
1 Year: | 164% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
Last Year: | 12% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
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 | 410 | 398 | 431 | 206 | 301 | 303 | 251 | -101 | -154 | 73 | 212 | 127 |
Preference Capital | 19 | 19 | 112 | 0 | 0 | 27 | 30 | 34 | 38 | 2 | 2 | |
397 | 899 | 1,068 | 1,140 | 1,164 | 1,163 | 1,040 | 1,104 | 485 | 287 | 70 | 9 | |
810 | 1,179 | 1,300 | 1,220 | 1,228 | 1,281 | 1,571 | 1,729 | 1,691 | 416 | 393 | 271 | |
Total Liabilities | 1,629 | 2,488 | 2,811 | 2,579 | 2,706 | 2,759 | 2,874 | 2,744 | 2,036 | 789 | 688 | 421 |
367 | 878 | 1,140 | 997 | 1,036 | 1,139 | 1,134 | 1,027 | 598 | 158 | 143 | 27 | |
CWIP | 13 | 29 | 51 | 72 | 74 | 94 | 87 | 29 | 4 | 1 | 2 | 0 |
Investments | 119 | 10 | 26 | 92 | 73 | 80 | 81 | 123 | 60 | 117 | 145 | 171 |
1,129 | 1,571 | 1,594 | 1,418 | 1,524 | 1,445 | 1,573 | 1,565 | 1,374 | 513 | 398 | 223 | |
Total Assets | 1,629 | 2,488 | 2,811 | 2,579 | 2,706 | 2,759 | 2,874 | 2,744 | 2,036 | 789 | 688 | 421 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
95 | 114 | 98 | 120 | 67 | 170 | 207 | 229 | 366 | 201 | 55 | -20 | |
-85 | -409 | -51 | -83 | 5 | -130 | -44 | -143 | 65 | 9 | 216 | 8 | |
-34 | 421 | -80 | -36 | -20 | -94 | -230 | -122 | -382 | -275 | -243 | -6 | |
Net Cash Flow | -25 | 126 | -34 | 2 | 52 | -53 | -66 | -36 | 49 | -65 | 27 | -19 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 65 | 66 | 60 | 59 | 56 | 54 | 60 | 54 | 47 | 62 | 48 | 29 |
Inventory Days | 137 | 131 | 102 | 98 | 138 | 155 | 220 | 284 | 188 | 533 | 565 | 518 |
Days Payable | 152 | 192 | 162 | 140 | 115 | 142 | 151 | 162 | 99 | 214 | 191 | 198 |
Cash Conversion Cycle | 51 | 5 | 0 | 17 | 79 | 68 | 128 | 177 | 136 | 380 | 422 | 348 |
Working Capital Days | 1 | -14 | 0 | -2 | 8 | -4 | -34 | -64 | -139 | 16 | -62 | -188 |
ROCE % | 12% | 14% | 11% | 3% | 5% | 5% | 7% | -2% | 14% | 12% | 4% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
2d - 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