---
title: "Foce India Ltd (FOCE) — Share Price, Financials & Analysis"
symbol: "FOCE"
company: "Foce India Ltd"
canonical: "https://tapetide.com/stocks/FOCE"
isin: "INE0I7D01019"
nse_symbol: "FOCE"
sector: "Consumer Goods"
industry: "Jewellery & Watches"
market_cap_cr: 587.15
generated_at: "2026-09-13T19:37:25.595Z"
---

# Foce India Ltd (FOCE)

Canonical page: https://tapetide.com/stocks/FOCE

## Company

- **NSE Symbol:** FOCE
- **ISIN:** INE0I7D01019
- **Sector:** Consumer Goods
- **Industry:** Jewellery & Watches
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 2021-12-28
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** foceindia.com

## About

Incorporated in 2001, Foce India Ltd trades in wristwatches and Men’s accessories[1]

## Latest Price

- **Price:** ₹500
- **Change:** 0 (0%)
- **Open:** ₹500
- **Day High:** ₹500
- **Day Low:** ₹500
- **Previous Close:** ₹500
- **Volume:** 0
- **As Of:** 2026-09-11T10:01:44+00:00

## Key Fundamentals

Observed at 2026-09-11T04:48:56.040288Z.

- **Market Cap:** ₹587.15 Cr
- **Classification:** SME
- **P/E (reported):** 39.3
- **Book Value:** ₹79.68
- **Price to Book:** 6.28
- **Dividend Yield:** 0%
- **ROE:** 18.27%
- **ROCE:** 23.48%
- **Debt to Equity:** 0.51
- **Revenue (yearly):** ₹145.32 Cr
- **Net Income:** ₹14.94 Cr
- **EBITDA:** ₹20.01 Cr
- **52-Week High:** ₹2004
- **52-Week Low:** ₹487
- **RSI (14):** 32.5

## Key Insights

### Strengths

- Company has delivered good profit growth of 49.7% CAGR over last 5 years

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company has high debtors of 179 days.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | — | -65.99% | 391.94% |
| ebitda margin growth | -23.34% | -45.41% | 121.45% |
| net income growth | 3.75% | 21% | 50% |
| revenue growth | 38.93% | 36% | 14% |
| roce | -24.14% | 4.12% | 26.12% |
| roe | -25.94% | 20.16% | -2.19% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | 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 | 3.2 | 5.3 | 5.23 | 2.03 | 4.42 | 9.16 | 5.86 | 6.44 | 4.97 | 7.8 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 77 | 187 | 58 | 80 | 104 | 145 |
| Expenses | 74 | 176 | 46 | 60 | 86 | 125 |
| 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 | 1 |
| 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 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | 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 | 3 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 9 | 0 | 0 | 1 | 77 |
| Other Assets | 37 | 40 | 29 | 53 | 76 | 124 |
| Total Assets | 37 | 53 | 86 | 111 | 149 | 204 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | 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 |

### Ratios

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 153 | 41 | 59 | 205 | 202 | 179 |
| Inventory Days | 12 | 27 | 94 | 6 | 14 | 116 |
| Days Payable | 134 | 24 | 147 | 135 | 79 | 89 |
| Cash Conversion Cycle | 31 | 44 | 6 | 76 | 137 | 206 |
| Working Capital Days | 39 | 51 | -64 | 26 | 16 | 47 |
| ROCE % | — | 43 | 20 | 26 | 19 | 16 |

## Shareholding Pattern

### Quarterly

| Category | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 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% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 14.21% | 9.24% | 6.49% | 6.08% | 5.86% | 1.53% | 1.67% | 1.79% | 2.05% | 2.42% | 2.5% | 2.58% |
| Others | 12.16% | 17.13% | 19.88% | 20.29% | 20.51% | 24.84% | 24.7% | 24.58% | 24.32% | 23.95% | 23.87% | 23.8% |
| No. of Shareholders | 149 | 124 | 108 | 106 | 98 | 173 | 249 | 250 | 252 | 350 | 416 | 507 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 4 / 3 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 532.45 | Sell |
| EMA (10) | 525.76 | Sell |
| SMA (20) | 555.13 | Sell |
| EMA (20) | 545.28 | Sell |
| SMA (50) | 572.89 | Sell |
| EMA (50) | 575.43 | Sell |
| SMA (100) | 608.42 | Sell |
| EMA (100) | 636.81 | Sell |
| SMA (200) | 802.26 | Sell |
| EMA (200) | 695.18 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 33.4 | Neutral |
| MACD (12,26,9) | -21.67 | Sell |
| Stochastic (14,3,3) | 11.66 | Buy |
| ADX (14) | 31.49 | Buy |
| Williams %R (14) | -84.16 | Buy |
| ATR (14) | 14.64 | Neutral |
| ROC (12) | -7.51 | Sell |
| Stoch RSI (14) | 39.6 | Neutral |
| UO (7,14,28) | 27.94 | Buy |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 8 Sep - Foce India issued FY2025-26 annual report and AGM notice for 30 September 2026, including 100 crore approvals. | [Shareholders meeting 8 Sep - Foce India issued FY2025-26 annual report and AGM notice for 30 September 2026, including 100 crore approvals.](https://nsearchives.nseindia.com/corporate/FOCE_08092026214925_Annual_Report_2025-2026_Foce_Ind_Checked.pdf) |
| 7 Sep - Board approved 25th AGM on 30 Sep 2026 and proposed ₹100 crore borrowing, charge, and RPT limits. | [Outcome of Board Meeting 7 Sep - Board approved 25th AGM on 30 Sep 2026 and proposed ₹100 crore borrowing, charge, and RPT limits.](https://nsearchives.nseindia.com/corporate/FOCE_07092026193638_OUTCOMEOFBOARDMEETINGSIGN.pdf) |
| 4 March 2026 - Allotted 6,850,095 bonus shares (7:5); record date 02-Mar-2026; paid-up capital now 11,743,020 shares. | [Bonus 4 March 2026 - Allotted 6,850,095 bonus shares (7:5); record date 02-Mar-2026; paid-up capital now 11,743,020 shares.](https://nsearchives.nseindia.com/corporate/FOCE_04032026153606_FinalOutcomeforBoard_meetingFoceIndiaLimited04032026.pdf) |
| 28 May 2026 - Foce India extends ₹15 crore corporate guarantee to FOCE Realty Solutions for YES Bank loan. | [Giving guarantees/indemnity/ becoming a surety for third party 28 May 2026 - Foce India extends ₹15 crore corporate guarantee to FOCE Realty Solutions for YES Bank loan.](https://nsearchives.nseindia.com/corporate/FOCE_28052026190935_Disclosure_reg_30GuaranteeFOCE_Realtyyesbank.pdf) |
| 28 Jul - Corporate governance report not applicable for quarter ended 30 June 2026 under SME listing rules. | [Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter 28 Jul - Corporate governance report not applicable for quarter ended 30 June 2026 under SME listing rules.](https://nsearchives.nseindia.com/corporate/FOCE_28072026155709_NON_APPLICABALITY_OF_CG_JUNE_26_SIGN.pdf) |
| 27 May 2026 - Board approved FY26 audited results, NSE SME-to-main-board migration, BSE direct listing, and key director reappointments. | [Outcome of Board Meeting 27 May 2026 - Board approved FY26 audited results, NSE SME-to-main-board migration, BSE direct listing, and key director reappointments.](https://nsearchives.nseindia.com/corporate/FOCE_27052026174546_Financial_Result27052026.pdf) |
| 27 May 2026 - Board approved FY26 audited results, NSE SME-to-Main Board migration, BSE direct listing, and director reappointments. | [Outcome of Board Meeting 27 May 2026 - Board approved FY26 audited results, NSE SME-to-Main Board migration, BSE direct listing, and director reappointments.](https://nsearchives.nseindia.com/corporate/FOCE_27052026185520_RevisedFinancial_Result27052026.pdf) |
| 27 June 2026 - Exchange has sought clarification from Foce India Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015. On … | [Clarification - Financial Results 27 June 2026 - Exchange has sought clarification from Foce India Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015. On …](https://www.nseindia.com/companies-listing/corporate-filings-announcements?symbol=FOCE&tabIndex=sme) |
| 26 May 2026 - Promoter group disclosed no share encumbrances in Foce India Ltd as of 31 Mar 2026. | [Disclosure under SEBI Takeover Regulations 26 May 2026 - Promoter group disclosed no share encumbrances in Foce India Ltd as of 31 Mar 2026.](https://nsearchives.nseindia.com/corporate/team_sandeshc_14052026124413_26.pdf) |
| 25 May 2026 - Foce India says Annual Secretarial Compliance Report for FY2026 is not applicable under SME exemption. | [Updates 25 May 2026 - Foce India says Annual Secretarial Compliance Report for FY2026 is not applicable under SME exemption.](https://nsearchives.nseindia.com/corporate/FOCE_25052026160926_Disclosure_24A.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_31970_FOCE_2025_2026_A_1906019_08092026214249.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28737_FOCE_2024_2025_A_11459506_06092025125424.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_25971_FOCE_2023_2024_06092024152917.pdf) |
| from nse | [Annual Report 2023 from nse](https://archives.nseindia.com/annual_reports/SME_AR_23836_FOCE_2022_2023_08092023134903_09082023140003.zip) |
| from nse | [Annual Report 2022 from nse](https://archives.nseindia.com/annual_reports/SME_AR_21760_FOCE_2021_2022_08092022214823_09082022220004.zip) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:37:25.595Z.