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Forbes & Company Ltd
FORBESCOMPANYLTD NSE
Forbes & Company Ltd
Consumer DiscretionaryNSE: FORBESCOMPANYLTD BSE: 502865 Consumer Durables
Key Fundamentals
MicrocapHousehold AppliancesConsumer GoodsMarket Cap
₹378 Cr
Volatility
Moderate
P/E Ratio
28.1
EBITDA
₹24.20 Cr
Return on Equity
6.73%
Debt to Equity
0.04
Book Value
₹154.8
EPS
₹17.53
52W High
₹477
52W Low
₹280.25
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
1- Company is almost debt free.
Weaknesses
5- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 6.06% over last 3 years.
- Promoters have pledged 98.2% of their holding.
- Earnings include an other income of Rs.12.0 Cr.
- Debtor days have increased from 24.6 to 39.3 days.
Growth Rate
Revenue Growth
-58.12% ↘
Net Income Growth
-53.63% ↗
Cash Flow Change
45.41% ↗
ROE
-48.90% ↗
ROCE
-47.91% ↗
EBITDA Margin (Avg.)
31.31% ↗
Quarterly Results
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 10.6 | 58.54 | 15 | 11.45 | 86.1 | 35.36 | 34.22 | 39.04 | 88.22 | 22.03 | 18.13 | 16.5 | 16.48 |
| Expenses | 8.72 | 49.01 | 16.28 | 11.05 | 79.27 | 30.65 | 29.85 | 36.43 | 74.01 | 20.61 | 15.13 | 13.83 | 13.66 |
| Operating Profit | 1.88 | 9.53 | -1.28 | 0.4 | 6.83 | 4.71 | 4.37 | 2.61 | 14.21 | 1.42 | 3 | 2.67 | 2.82 |
| OPM % | 17.74% | 16.28% | -8.53% | 3.49% | 7.93% | 13.32% | 12.77% | 6.69% | 16.11% | 6.45% | 16.55% | 16.18% | 17.11% |
| Other Income | 6.72 | 17.56 | 2.11 | 2.06 | -3.63 | 2.27 | 2.87 | 9.71 | -0.91 | 3.82 | 5.68 | 1.25 | 1.3 |
| Interest | 2.01 | 0.54 | 0.12 | 0.12 | 0.68 | 0.15 | 0.11 | 0.14 | 0.12 | 0.16 | 0.15 | 0.14 | 0.15 |
| Depreciation | 0.67 | 3.32 | 0.44 | 0.38 | 0.36 | 0.36 | 0.36 | 0.41 | 0.39 | 0.55 | 0.53 | 0.51 | 1.25 |
| PBT | 5.92 | 23.23 | 0.27 | 1.96 | 2.16 | 6.47 | 6.77 | 11.77 | 12.79 | 4.53 | 8 | 3.27 | 2.72 |
| Tax % | -23.65% | 25.57% | 18.52% | -71.94% | -103.7% | 17.62% | 15.36% | 28.63% | 41.59% | 12.36% | 24.5% | 13.15% | 31.25% |
| Net Profit | 7.32 | 17.29 | 0.22 | 3.37 | 4.4 | 5.33 | 5.73 | 8.4 | 7.47 | 3.97 | 6.04 | 2.84 | 1.87 |
| EPS in Rs | 5.67 | 13.4 | 0.17 | 2.61 | 3.41 | 4.13 | 4.44 | 6.51 | 5.79 | 3.08 | 4.68 | 2.2 | 1.45 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 163 | 199 | 266 | 293 | 227 | 195 | 562 | 235 | 42 | 123 | 197 | 73 |
| Expenses | 160 | 212 | 228 | 235 | 204 | 199 | 424 | 202 | 54 | 116 | 171 | 63 |
| Operating Profit | 3 | -13 | 38 | 58 | 23 | -4 | 138 | 33 | -11 | 7 | 26 | 10 |
| OPM % | 2% | -6% | 14% | 20% | 10% | -2% | 25% | 14% | -27% | 6% | 13% | 14% |
| Other Income | 19 | 40 | 72 | 7 | 8 | 2 | -101 | 4,115 | 263 | 18 | 14 | 12 |
| Interest | 19 | 19 | 12 | 12 | 12 | 12 | 14 | 12 | 5 | 1 | 1 | 1 |
| Depreciation | 3 | 5 | 6 | 8 | 9 | 12 | 14 | 13 | 2 | 2 | 2 | 3 |
| PBT | -1 | 3 | 92 | 46 | 10 | -26 | 9 | 4,122 | 245 | 23 | 38 | 19 |
| Tax % | 0% | 0% | -5% | 11% | 1% | -5% | 440% | 0% | 2% | 10% | 29% | 21% |
| Net Profit | -1 | 3 | 97 | 41 | 10 | -25 | -31 | 4,133 | 239 | 20 | 27 | 15 |
| EPS in Rs | -0.45 | 2.44 | 74.89 | 31.71 | 7.96 | -19.03 | -24.05 | 3,204 | 185 | 15.76 | 20.88 | 11.41 |
| Div. Payout % | 0% | 0% | 3% | 8% | 63% | 0% | 0% | 0% | 35% | 0% | 0% | 0% |
Balance Sheet
| 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 | 122 | 132 | 229 | 266 | 221 | 189 | 157 | 26 | 194 | 109 | 144 | 148 |
| Borrowings | 172 | 184 | 150 | 169 | 170 | 189 | 153 | 102 | 5 | 5 | 5 | 6 |
| Other Liabilities | 94 | 112 | 108 | 92 | 342 | 473 | 205 | 316 | 316 | 235 | 67 | 44 |
| Total Liabilities | 401 | 441 | 499 | 539 | 746 | 864 | 528 | 457 | 528 | 362 | 229 | 210 |
| Fixed Assets | 100 | 32 | 70 | 76 | 79 | 132 | 118 | 117 | 29 | 27 | 27 | 27 |
| CWIP | 0 | 6 | 3 | 2 | 4 | 1 | 2 | 1 | 0 | 0 | 0 | 0 |
| Investments | 163 | 200 | 193 | 206 | 243 | 242 | 167 | 37 | 105 | 128 | 136 | 130 |
| Other Assets | 139 | 203 | 234 | 255 | 420 | 489 | 241 | 303 | 395 | 206 | 66 | 54 |
| Total Assets | 401 | 441 | 499 | 539 | 746 | 864 | 528 | 457 | 528 | 362 | 229 | 210 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | -19 | 34 | -30 | 27 | 61 | 60 | 99 | 62 | 64 | -17 | -13 | -6 |
| Investing | 10 | -22 | 87 | -25 | -59 | -60 | -31 | -16 | 147 | 3 | 5 | -1 |
| Financing | 6 | -4 | -54 | 4 | -15 | -5 | -48 | -62 | -181 | -1 | -1 | -1 |
| Net Cash Flow | -3 | 8 | 3 | 5 | -13 | -6 | 20 | -16 | 30 | -15 | -9 | -8 |
| Free Cash Flow | -22 | 24 | 47 | 12 | 45 | 11 | 99 | 35 | 244 | 1 | -5 | -2 |
| CFO/OP | -580 | -304 | -78 | 68 | 253 | -1,496 | 69 | 174 | -524 | -233 | -58 | -46 |
Ratios
| 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 | 105 | 77 | 54 | 48 | 66 | 47 | 22 | 49 | 59 | 20 | 15 | 39 |
| Inventory Days | 250 | 218 | 1,047 | 532 | — | — | 168 | 958 | — | 892 | 41 | 151 |
| Days Payable | 261 | 207 | 612 | 229 | — | — | 75 | 277 | — | 214 | 69 | 215 |
| Cash Conversion Cycle | 94 | 88 | 489 | 351 | 66 | 47 | 116 | 730 | 59 | 697 | -14 | -24 |
| Working Capital Days | -157 | -102 | 30 | 25 | -173 | -326 | -68 | -152 | 106 | -206 | -49 | -66 |
| ROCE % | 3% | 3% | 26% | 14% | 7% | -3% | 36% | 13% | -6% | 6% | 20% | 7% |
Documents
1
Board Meeting Intimation for Approval Of Audited Standalone And Consolidated Financial Results For Quarter And Year Ended March 31, 2026
7 May - Board to meet on May 14, 2026 to approve audited Q4 and FY2026 results. 7 May - Board to meet on May 14, 2026 to approve audited Q4 and FY2026 results.
2
Announcement under Regulation 30 (LODR)-Newspaper Publication
7 Apr - Newspaper Advertisement - Special Window for Transfer and Dematerialisation of Physical Securities 7 Apr - Newspaper Advertisement - Special Window for Transfer and Dematerialisation of Physical Securities
3
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
7 Apr - Regulation 74(5) compliance certificate for quarter ended March 31, 2026. 7 Apr - Regulation 74(5) compliance certificate for quarter ended March 31, 2026.
5
Board Meeting Outcome for Outcome Of Separate Meeting Of Independent Director Of The Company
28 Feb - Independent directors met Feb 28, 2026; reviewed board and chair performance and information flow; meeting 10:30–11:30 AM. 28 Feb - Independent directors met Feb 28, 2026; reviewed board and chair performance and information flow; meeting 10:30–11:30 AM.
Frequently Asked Questions about Forbes & Company Ltd
What does Forbes & Company Ltd do?
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]
Where is Forbes & Company Ltd (502865) listed?
Forbes & Company Ltd is listed on the Indian stock exchanges. It is listed on NSE: FORBESCOMPANYLTD and BSE: 502865. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Forbes & Company Ltd belong to?
Forbes & Company Ltd operates in the Consumer Discretionary sector within the Consumer Durables industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Forbes & Company Ltd?
Forbes & Company Ltd has a market capitalisation of approximately ₹377.87 Cr. Based on this, it is classified as a Small Cap stock.
What is the PE ratio of Forbes & Company Ltd?
The Price-to-Earnings (PE) ratio of Forbes & Company Ltd is 28.10. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Forbes & Company Ltd?
Over the past 52 weeks, Forbes & Company Ltd has traded between a low of ₹280.25 and a high of ₹477. This range helps investors understand the stock's price volatility and recent trading levels.
Does Forbes & Company Ltd pay dividends?
Yes, Forbes & Company Ltd has a dividend yield of 22.25%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Forbes & Company Ltd?
Forbes & Company Ltd has a Return on Equity (ROE) of 6.73%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Forbes & Company Ltd on Tapetide?
On Tapetide, you can view Forbes & Company Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
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]
Website forbes.co.in
Face Value ₹ 10