Price
Financials
Consolidated, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 15.54 | 11.89 | 87.08 | 35.79 | 34.66 | 40.23 | 88.68 | 22.45 | 18.70 | 17.80 | 17.19 | 13.26 |
| Expenses | 17.04 | 11.81 | 83.58 | 31.00 | 30.45 | 36.75 | 77.13 | 21.30 | 15.83 | 14.78 | 18.00 | 12.14 |
| Operating Profit | -1.50 | 0.08 | 3.50 | 4.79 | 4.21 | 3.48 | 11.55 | 1.15 | 2.87 | 3.02 | -0.81 | 1.12 |
| OPM % | -9.65% | 0.67% | 4.02% | 13.38% | 12.15% | 8.65% | 13.02% | 5.12% | 15.35% | 16.97% | -4.71% | 8.45% |
| Other Income | -20.24 | 2.96 | -1.03 | 2.31 | 2.60 | 10.19 | 97.29 | 5.34 | 6.22 | 2.55 | 1.40 | 3.66 |
| Interest | 0.39 | 0.17 | 0.80 | 0.23 | 0.20 | 0.21 | 0.13 | 0.16 | 0.15 | 0.16 | 0.18 | 0.14 |
| Depreciation | 0.46 | 0.35 | 0.43 | 0.38 | 0.37 | 0.42 | 0.41 | 0.57 | 0.56 | 0.52 | 1.26 | 0.54 |
| Profit before tax | -22.59 | 2.52 | 1.24 | 6.49 | 6.24 | 13.04 | 108.30 | 5.76 | 8.38 | 4.89 | -0.85 | 4.10 |
| Tax % | 0.53% | -55.95% | -173.39% | 18.64% | 17.63% | 27.15% | 5.04% | 15.62% | 24.46% | 14.31% | 131.76% | 12.20% |
| Net Profit | -22.71 | 3.93 | 3.39 | 5.28 | 5.14 | 9.50 | 102.84 | 4.86 | 6.33 | 4.19 | -1.97 | 3.60 |
| EPS in Rs | -17.60 | 3.05 | 2.63 | 4.09 | 3.98 | 7.36 | 79.72 | 3.77 | 4.91 | 3.25 | -1.53 | 2.79 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,231 | 2,999 | 2,822 | 2,853 | 2,731 | 932 | 515 | 47 | 125 | 199 | 76 | 67 |
| Expenses | 3,194 | 2,892 | 2,693 | 2,710 | 2,701 | 821 | 465 | 76 | 119 | 173 | 69 | 61 |
| Operating Profit | 37 | 106 | 129 | 143 | 30 | 111 | 49 | -29 | 6 | 26 | 8 | 6 |
| OPM % | 1.2% | 3.5% | 4.6% | 5% | 1.1% | 12% | 10% | -63% | 4.6% | 13% | 10% | 9% |
| Other Income | 135 | 134 | 39 | 35 | -171 | -48 | 4,252 | 243 | -5 | 110 | 14 | 14 |
| Interest | 107 | 74 | 96 | 89 | 101 | 52 | 42 | 10 | 1 | 1 | 1 | 1 |
| Depreciation | 75 | 71 | 77 | 77 | 98 | 68 | 41 | 6 | 2 | 2 | 3 | 3 |
| Profit before tax | -9 | 95 | -4 | 11 | -341 | -56 | 4,218 | 198 | -2 | 134 | 18 | 17 |
| Tax % | 423% | 26% | 682% | 126% | -1% | 107% | -0% | 3% | 116% | 8% | 26% | |
| Net Profit | -48 | 89 | -32 | -3 | -338 | -117 | 4,229 | 192 | -4 | 123 | 13 | 12 |
| EPS in Rs | -45.39 | 65.49 | -15.07 | 5.40 | -251.63 | -60.21 | 3,278.84 | 148.80 | -3.46 | 95.16 | 10.40 | 9.42 |
| Dividend Payout % | 0% | 4% | -17% | 93% | 0% | 0% | 0% | 44% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | -31% | -39% | 18% | -64% | ||
| Compounded Profit Growth | 7% | -38% | 29% | -56% | ||
| Stock Price CAGR | 19% | 19% | 4% | -18% | ||
| Return on Equity | % | % | 17% | 2% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 |
| Reserves | 431 | 206 | 301 | 303 | 251 | -101 | -154 | 73 | 212 | 127 | 207 | 186 |
| Borrowings | 1,180 | 1,140 | 1,164 | 1,189 | 1,070 | 1,137 | 523 | 288 | 9 | 5 | 5 | 6 |
| Other Liabilities | 1,188 | 1,220 | 1,228 | 1,254 | 1,541 | 1,695 | 1,654 | 415 | 467 | 275 | 77 | 46 |
| Total Liabilities | 2,811 | 2,579 | 2,706 | 2,759 | 2,874 | 2,744 | 2,036 | 789 | 701 | 421 | 301 | 251 |
| Fixed Assets | 1,140 | 997 | 1,036 | 1,139 | 1,134 | 1,027 | 598 | 158 | 29 | 27 | 27 | 27 |
| CWIP | 51 | 72 | 74 | 94 | 87 | 29 | 4 | 1 | 0 | 0 | 0 | 0 |
| Investments | 26 | 92 | 73 | 80 | 81 | 123 | 60 | 117 | 145 | 171 | 200 | 164 |
| Other Assets | 1,594 | 1,418 | 1,524 | 1,445 | 1,573 | 1,565 | 1,374 | 513 | 527 | 223 | 74 | 60 |
| Total Assets | 2,811 | 2,579 | 2,706 | 2,759 | 2,874 | 2,744 | 2,036 | 789 | 701 | 421 | 301 | 251 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 98 | 120 | 67 | 170 | 207 | 229 | 366 | 201 | 55 | -20 | -11 | -6 |
| Cash from Investing Activity | -51 | -83 | 5 | -130 | -44 | -143 | 65 | 9 | 216 | 1 | 7 | 0 |
| Cash from Financing Activity | -80 | -36 | -20 | -94 | -230 | -122 | -382 | -275 | -243 | -6 | -1 | -1 |
| Net Cash Flow | -34 | 2 | 52 | -53 | -66 | -36 | 49 | -65 | 27 | -26 | -5 | -7 |
| Free Cash Flow | 37 | 35 | -20 | 15 | 163 | 145 | 494 | 150 | 235 | -2 | -3 | -2 |
| CFO/OP | 109% | 435% | 92% | 158% | 157% | 823% | 328% | 458% | -191% | -358% | -50% | -28% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 60 | 59 | 56 | 54 | 60 | 54 | 47 | 62 | 61 | 20 | 15 | 37 |
| Inventory Days | 102 | 98 | 138 | 155 | 220 | 284 | 188 | 533 | 892 | 43 | 150 | |
| Days Payable | 162 | 140 | 115 | 142 | 151 | 162 | 99 | 214 | 217 | 71 | 222 | |
| Cash Conversion Cycle | 0 | 17 | 79 | 68 | 128 | 177 | 136 | 380 | 61 | 695 | -13 | -35 |
| Working Capital Days | -17 | -29 | -27 | -42 | -71 | -126 | -273 | -135 | -175 | -299 | -49 | -69 |
| ROCE % | 11% | 3% | 5% | 5% | 7% | -2% | 14% | 12% | -9% | 5% | 16% | 5% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 73.85% | 73.85% | 73.85% | 73.85% | 73.85% | 73.85% | 73.85% | 73.85% | 73.85% | 73.85% | 73.85% | 73.85% |
| FIIs | 11.51% | 11.58% | 11.56% | 11.51% | 11.30% | 10.16% | 8.24% | 8.24% | 8.24% | 8.24% | 8.24% | 8.24% |
| DIIs | 0.10% | 0.10% | 0.10% | 0.10% | 0.10% | 0.10% | 0.19% | 0.19% | 0.19% | 0.19% | 0.11% | 0.36% |
| Government | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.62% |
| Public | 13.67% | 13.61% | 13.63% | 13.68% | 13.89% | 15.04% | 16.85% | 16.87% | 16.87% | 16.85% | 16.95% | 16.92% |
| No. of Shareholders | 13,067 | 12,619 | 13,302 | 13,128 | 12,852 | 12,836 | 13,061 | 12,946 | 12,743 | 12,391 | 12,184 | 12,090 |
Fundamentals
Market Cap₹ 393 Cr.
Current Price₹ 304
Stock P/E32.3
Book Value₹ 155
ROCE5.11 %
ROE1.67 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-64%
Compounded Profit Growth (TTM)-56%
Consolidated figures.
Valuation
Market capRs 373 Cr
Enterprise valueRs 358 Cr
P/E (TTM)30.72x
Price to book1.87x
Price to sales5.57x
EV / EBITDA17.90x
EV / EBIT20.90x
EV / sales5.35x
Earnings yield3.26%
P/E, 3-year average16.75x
P/B, 3-year average2.58x
P/E, 5-year average8.79x
P/B, 5-year average2.32x
Profitability
Operating margin (excl. other income)9.98%
Operating margin (incl. other income)28.55%
EBITDA margin29.92%
Pre-tax margin24.68%
Net profit margin18.15%
Net margin, latest quarter27.15%
ROE6.40%
ROCE8.76%
ROA4.85%
ROE, 3-year average24.07%
ROCE, 3-year average27.00%
ROA, 3-year average12.69%
ROE, 5-year average-3054.45%
ROCE, 5-year average255.10%
ROA, 5-year average72.65%
ROIC (approx.)6.85%
Tax rate26.24%
Other income / net worth7.09%
Growth
Sales growth (latest year)-61.78%
Profit growth (latest year)-89.08%
Sales CAGR, 3 years17.66%
Sales CAGR, 5 years-39.41%
Profit CAGR, 3 years-58.81%
Sales growth QoQ-22.86%
Sales growth YoY (latest quarter)-40.94%
Profit growth YoY (latest quarter)-25.93%
Per share
EPS (TTM)Rs 9.42
EPS (latest year)Rs 10.40
EPS (latest quarter)Rs 2.79
EPS, 3-year averageRs 34.04
EPS, 5-year averageRs 706.02
Book value per shareRs 154.56
Sales per shareRs 51.90
Cash flow per shareRs -4.74
Free cash flow per shareRs -1.55
Dividend per share, 5-year averageRs 65.01
Dividends
Dividend payout, 5-year average43.68%
Efficiency
Asset turnover0.30x
Fixed asset turnover2.84x
Inventory turnover3.66x
Inventory days100 days
Debtor days37 days
Debtors turnover9.81x
Creditor days222 days
Cash conversion cycle-35 days
Working capital days-69 days
Leverage
Total debtRs 6 Cr
Cash and bankRs 21 Cr
Net debtRs -15 Cr
Debt to equity0.03x
Net debt / EBITDA-0.74x
Interest coverage27.22x
Owners' fund to total sources79.30%
Debt to assets2.39%
Cash flow
Cash from Operating Activity (latest year)Rs -6 Cr
Cash from Investing Activity (latest year)Rs 0 Cr
Cash from Financing Activity (latest year)Rs -1 Cr
Net Cash Flow (latest year)Rs -7 Cr
Free cash flow (latest year)Rs -2 Cr
FCFE (approx.: FCF + change in debt)Rs -1 Cr
Cash from ops / profit, 5 years0.05x
Statement figures
Net sales (TTM)Rs 67 Cr
Net sales (latest year)Rs 76 Cr
Sales (latest quarter)Rs 13 Cr
Operating profit excl. other income (latest year)Rs 8 Cr
Operating profit (latest quarter)Rs 1 Cr
Other income (TTM)Rs 14 Cr
EBITDA (TTM)Rs 20 Cr
PBDT (TTM)Rs 19 Cr
Profit before tax (TTM)Rs 17 Cr
Tax (latest year)Rs 5 Cr
Net profit (TTM)Rs 12 Cr
Net profit (latest year)Rs 13 Cr
Net profit (latest quarter)Rs 4 Cr
Depreciation (TTM)Rs 3 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 36 Cr
Total expenditure (latest year)Rs 69 Cr
Total income (latest year)Rs 90 Cr
Share capitalRs 13 Cr
ReservesRs 186 Cr
Shareholders' fundsRs 199 Cr
Total assetsRs 251 Cr
Net blockRs 27 Cr
Capital work in progressRs 0 Cr
InvestmentsRs 164 Cr
ReceivablesRs 8 Cr
InventoryRs 10 Cr
Other liabilitiesRs 46 Cr
Shares outstanding (crore)1.29
Ownership
Promoter holding73.85% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 30.7 is at the 96th percentile of its own 5.8-year range
(median 3.2, low 0.1, high 31.7).
P/B 1.87 is at the 52th percentile (median 1.80).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | 502865 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -10.8% | -2.8% | -8.1 pts |
| 1 month | +6.2% | -6.8% | +13.0 pts |
| 3 months | -5.5% | -7.6% | +2.1 pts |
| 3 years | +6.9% | +14.2% | -7.3 pts |
| 5 years | +120.2% | +27.9% | +92.3 pts |
Red flags
F-score 2 of 8| explain | Weak cash conversion Cash from operations was -28% of net profit over the last 3 years |
| explain | Receivables outrunning sales Receivables grew -7% vs sales -62% in 2026 |
| look | Profit leans on other income Other income was 78% of pre-tax profit in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹13 Cr -40.9% vs Jun 2025.
Net profit ₹4 Cr -25.9%.
Activity
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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Forbes & Company Ltd?
Forbes & Company Ltd (502865) has a market capitalisation of Rs 393 Cr. at the 2026-10-01 close.
What is the P/E ratio of Forbes & Company Ltd?
Forbes & Company Ltd trades at a P/E of 32.3 on trailing twelve-month profit, at the 2026-10-01 close.
What were Forbes & Company Ltd's latest quarterly results?
In the Jun 2026 quarter, Forbes & Company Ltd sales was Rs 13 Cr (-40.9% vs Jun 2025) and net profit was Rs 4 Cr.