Price
Financials
Consolidated, Rs crore| Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 101 | 86 | 43 | 15 | 26 | 54 | 34 | 70 | 59 | 87 |
| Expenses | 97 | 78 | 35 | 12 | 19 | 41 | 25 | 60 | 51 | 75 |
| Operating Profit | 4 | 7 | 8 | 3 | 7 | 13 | 9 | 10 | 8 | 12 |
| OPM % | 4.1% | 9% | 18% | 21% | 27% | 24% | 26% | 14% | 14% | 14% |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 0 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 4 | 7 | 8 | 3 | 7 | 12 | 9 | 9 | 8 | 11 |
| Tax % | 25% | 19% | 18% | 20% | 26% | 13% | 20% | 20% | 24% | 18% |
| Net Profit | 3 | 6 | 6 | 2 | 5 | 11 | 7 | 8 | 6 | 9 |
| EPS in Rs | 3.20 | 5.30 | 5.23 | 2.03 | 4.42 | 9.16 | 5.86 | 6.44 | 4.97 | 7.80 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Sales | 77 | 187 | 58 | 80 | 104 | 144 |
| Expenses | 74 | 176 | 46 | 60 | 86 | 124 |
| Operating Profit | 3 | 11 | 11 | 20 | 18 | 20 |
| OPM % | 3.5% | 6% | 19% | 25% | 18% | 14% |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 1 | 1 | 2 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 3 | 11 | 10 | 19 | 18 | 19 |
| Tax % | 25% | 21% | 19% | 18% | 20% | 20% |
| Net Profit | 2 | 9 | 8 | 16 | 14 | 15 |
| EPS in Rs | 2.07 | 7.92 | 7.26 | 13.58 | 12.31 | 12.75 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 13% | 36% | 39% | ||
| Compounded Profit Growth | % | 50% | 21% | 4% | ||
| Stock Price CAGR | % | % | 19% | -27% | ||
| Return on Equity | % | 22% | 21% | 17% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 4 | 5 | 5 | 5 | 5 | 12 |
| Reserves | 7 | 35 | 44 | 60 | 74 | 82 |
| Borrowings | 0 | 2 | 18 | 22 | 30 | 48 |
| Other Liabilities | 27 | 11 | 20 | 24 | 40 | 62 |
| Total Liabilities | 37 | 53 | 86 | 111 | 149 | 204 |
| Fixed Assets | 0 | 4 | 58 | 57 | 73 | 79 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 9 | 0 | 0 | 1 | 1 |
| Other Assets | 37 | 40 | 29 | 53 | 76 | 124 |
| Total Assets | 37 | 53 | 86 | 111 | 149 | 204 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Cash from Operating Activity | 3 | -9 | 45 | 0 | 15 | 1 |
| Cash from Investing Activity | -0 | -14 | -44 | 0 | -16 | -7 |
| Cash from Financing Activity | -1 | 20 | 0 | 0 | 0 | 5 |
| Net Cash Flow | 2 | -2 | 1 | 0 | -1 | -0 |
| Free Cash Flow | 3 | -10 | 45 | 0 | 15 | -1 |
| CFO/OP | 141% | -56% | 419% | 18% | 102% | 26% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 153 | 41 | 59 | 205 | 202 | 180 |
| Inventory Days | 12 | 27 | 94 | 6 | 14 | 116 |
| Days Payable | 134 | 24 | 147 | 135 | 79 | 89 |
| Cash Conversion Cycle | 31 | 44 | 6 | 76 | 137 | 207 |
| Working Capital Days | 39 | 51 | -64 | 26 | 16 | 46 |
| ROCE % | 43% | 20% | 26% | 19% | 16% |
| 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 | 73.63% | 73.63% | 73.63% | 73.63% | 73.63% | 73.63% | 73.63% | 73.63% | 73.63% | 73.63% | 73.63% | 73.63% |
| Public | 26.37% | 26.37% | 26.37% | 26.37% | 26.37% | 26.37% | 26.37% | 26.37% | 26.37% | 26.37% | 26.37% | 26.37% |
| No. of Shareholders | 120 | 108 | 106 | 98 | 154 | 173 | 249 | 250 | 252 | 350 | 504 | 507 |
Fundamentals
Market Cap₹ 645 Cr.
Current Price₹ 549
Stock P/E43.1
Book Value₹ 79.7
ROCE16.2 %
ROE17.4 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)39%
Compounded Profit Growth (TTM)4%
Consolidated figures.
Valuation
Market capRs 675 Cr
Enterprise valueRs 677 Cr
P/E (TTM)72.84x
Price to book16.80x
Price to sales3.61x
EV / EBITDA58.27x
EV / EBIT58.93x
EV / sales3.62x
Earnings yield1.37%
Profitability
Operating margin (excl. other income)6.13%
Operating margin (incl. other income)6.21%
EBITDA margin6.21%
Pre-tax margin6.14%
Net profit margin4.96%
ROE36.47%
ROCE43.70%
ROA20.41%
ROIC (approx.)21.91%
Tax rate20.82%
Other income / net worth0.37%
Growth
Sales growth (latest year)143.25%
Profit growth (latest year)365.83%
Per share
EPS (TTM)Rs 7.89
EPS (latest year)Rs 18.95
Book value per shareRs 34.22
Sales per shareRs 159.30
Cash flow per shareRs -7.54
Free cash flow per shareRs -0.85
Efficiency
Asset turnover3.51x
Fixed asset turnover41.94x
Inventory turnover13.70x
Inventory days27 days
Debtor days41 days
Debtors turnover8.81x
Creditor days89 days
Cash conversion cycle207 days
Working capital days46 days
Leverage
Total debtRs 2 Cr
Cash and bankRs 0 Cr
Net debtRs 1 Cr
Debt to equity0.04x
Net debt / EBITDA0.11x
Owners' fund to total sources75.31%
Debt to assets3.19%
Cash flow
Cash from Operating Activity (latest year)Rs -9 Cr
Cash from Investing Activity (latest year)Rs -14 Cr
Cash from Financing Activity (latest year)Rs 20 Cr
Net Cash Flow (latest year)Rs -2 Cr
Free cash flow (latest year)Rs -1 Cr
Cash from ops / profit, 5 years0.84x
Statement figures
Net sales (TTM)Rs 187 Cr
Net sales (latest year)Rs 187 Cr
Operating profit excl. other income (latest year)Rs 11 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 12 Cr
PBDT (TTM)Rs 12 Cr
Profit before tax (TTM)Rs 11 Cr
Tax (latest year)Rs 2 Cr
Net profit (TTM)Rs 9 Cr
Net profit (latest year)Rs 9 Cr
Depreciation (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 173 Cr
Total expenditure (latest year)Rs 176 Cr
Total income (latest year)Rs 187 Cr
Share capitalRs 5 Cr
ReservesRs 35 Cr
Shareholders' fundsRs 40 Cr
Total assetsRs 53 Cr
Net blockRs 4 Cr
InvestmentsRs 9 Cr
ReceivablesRs 21 Cr
InventoryRs 13 Cr
Other liabilitiesRs 11 Cr
Shares outstanding (crore)1.17
Ownership
Promoter holding73.63% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
| Period | FOCE | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +18.1% | -2.8% | +20.8 pts |
| 1 month | -4.5% | -6.8% | +2.3 pts |
| 3 months | +3.2% | -7.6% | +10.8 pts |
| 6 months | -67.8% | +0.4% | -68.2 pts |
| 1 year | -64.6% | -9.9% | -54.7 pts |
| 2 years | -28.9% | -13.6% | -15.3 pts |
| 3 years | -26.7% | +14.2% | -40.8 pts |
Red flags
F-score 4 of 8| explain | Weak cash conversion Cash from operations was -51% of net profit over the last 2 years |
| explain | High accruals Profit exceeded operating cash by 34% of total assets in 2026 |
| look | Share dilution Share count up 22% in a year |
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
Mar 2026Sales ₹87 Cr +61.1% vs Mar 2024.
Net profit ₹9 Cr -18.2%.
Against our estimate for Mar 2026: sales -18.0%, profit -46.7% miss.
Activity
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|---|---|---|---|
| Titan Company Ltd | 415,040 | 71.1 | 20.5 % |
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| Thangamayil Jewellery Ltd | 16,177 | 41.2 | 25.5 % |
| PC Jeweller Ltd | 12,976 | 16.7 | 9.60 % |
| Sky Gold & Diamonds Ltd | 12,713 | 38.0 | 27.0 % |
| Bluestone Jewellery & Lifestyle Ltd | 12,315 | 219 | 6.78 % |
| P N Gadgil Jewellers Ltd | 8,612 | 19.2 | 21.0 % |
| Timex Group India Ltd | 7,360 | 82.5 | 82.8 % |
| Ethos Ltd | 6,662 | 63.1 | 10.4 % |
| Senco Gold Ltd | 5,363 | 9.40 | 21.2 % |
| Goldiam International Ltd | 4,861 | 23.0 | 25.8 % |
| KDDL Ltd | 4,836 | 49.3 | 11.7 % |
| Tribhovandas Bhimji Zaveri Ltd | 4,184 | 19.6 | 21.9 % |
| D.P. Abhushan Ltd | 3,796 | 15.8 | 39.6 % |
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.
Less than 100 unique PAN traded in previous 30 daysMandatory Market making period in SME scrip is overSME scrip is not regularly traded
Quick answers
What is the market cap of Foce India Ltd?
Foce India Ltd (FOCE) has a market capitalisation of Rs 645 Cr. at the 2026-09-30 close.
What is the P/E ratio of Foce India Ltd?
Foce India Ltd trades at a P/E of 43.1 on trailing twelve-month profit, at the 2026-09-30 close.
What were Foce India Ltd's latest quarterly results?
In the Mar 2026 quarter, Foce India Ltd sales was Rs 87 Cr (+61.1% vs Mar 2024) and net profit was Rs 9 Cr.
What is the 52-week high and low of Foce India Ltd?
The 52-week high is Rs 835.00 and the 52-week low is Rs 487.00.