Arthneeti

Forbes & Company Share Price & Earnings Call Analysis

₹287.75+7.79% today
Market cap
₹371 Cr
P/E
30.55
ROE
1.67%
PEG
1.06
Price to sales
5.54
Debt to equity
0.03
52W high / low
₹449 / ₹245
Sales growth (5Y)
-39.41%
EBITDA margin
9.26%
Net profit margin
4.60%
Promoter holding
73.85%
Sales (last year)
₹67 Cr

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]

Potential multibaggers · Q2 FY27

Potential multibaggers in Consumer Durables
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does Forbes & Co rank?

Portfolio builder

Build your portfolio
from the top-ranked stocks

  1. 1. Pick 3–15 stocks
  2. 2. Choose large, mid or small cap and your sectors
  3. 3. Get a portfolio built from the rankings
Build my portfolio

Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Consumer Durables companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹151 Cr13.8
240%+Up 0–2%₹2,267 Cr12.2
340%+Up 0–2%₹1,934 Cr16.9
440%+Flat₹2,338 Cr39.6
540%+Flat₹1,975 Cr20.8
640%+Flat₹528 Cr16.7

Sign up free to see every company in the sector ranking and track Forbes & Co.

Pro shows every company guiding 40%+ revenue growth →Full Consumer Durables ranking

Financials of Forbes & Co

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Forbes & Co

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +11.2611.3715.5411.8987.0835.7934.6640.2388.6822.4518.7017.8017.19
Expenses +14.9411.3017.0411.8183.5831.0030.4536.7577.1321.3015.8314.7818.00
Operating Profit-3.680.07-1.500.083.504.794.213.4811.551.152.873.02-0.81
OPM %-32.68%0.62%-9.65%0.67%4.02%13.38%12.15%8.65%13.02%5.12%15.35%16.97%-4.71%
Other Income +14.1017.40-20.242.96-1.032.312.6010.1997.295.346.222.551.40
Interest-0.900.240.390.170.800.230.200.210.130.160.150.160.18
Depreciation1.360.410.460.350.430.380.370.420.410.570.560.521.26
Profit before tax9.9616.82-22.592.521.246.496.2413.04108.305.768.384.89-0.85
Tax %-2.71%36.09%0.53%-55.95%-173.39%18.64%17.63%27.15%5.04%15.62%24.46%14.31%131.76%
Net Profit +10.2310.75-22.713.933.395.285.149.50102.844.866.334.19-1.97
EPS in Rs7.938.33-17.603.052.634.093.987.3679.723.774.913.25-1.53

Financials of Forbes & Co

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +3,5463,2312,9992,8222,8532,7319325154712519976
Expenses +3,4173,1942,8922,6932,7102,7018214657611917369
Operating Profit129371061291433011149-296268
OPM %4%1%4%5%5%1%12%10%-63%5%13%10%
Other Income +651351343935-171-484,252243-511014
Interest91107749689101524210111
Depreciation22757177779868416223
Profit before tax81-995-411-341-564,218198-213418
Tax %54%423%26%682%126%-1%107%-0%3%116%8%26%
Net Profit +37-4889-32-3-338-1174,229192-412313
EPS in Rs25.17-45.3965.49-15.075.40-251.63-60.213,278.84148.80-3.4695.1610.40
Dividend Payout %0%0%4%-17%93%0%0%0%44%0%0%0%

Financials of Forbes & Co

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital131313131313131313131313
Reserves431206301303251-101-15473212127207186
Borrowings +1,1801,1401,1641,1891,0701,1375232889556
Other Liabilities +1,1881,2201,2281,2541,5411,6951,6544154672757749
Total Liabilities2,8112,5792,7062,7592,8742,7442,036789701421301255
Fixed Assets +1,1409971,0361,1391,1341,02759815829272727
CWIP517274948729410000
Investments269273808112360117145171200164
Other Assets +1,5941,4181,5241,4451,5731,5651,3745135272237463
Total Assets2,8112,5792,7062,7592,8742,7442,036789701421301255

Financials of Forbes & Co

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +981206717020722936620155-20-11-6
Cash from Investing Activity +-51-835-130-44-143659216170
Cash from Financing Activity +-80-36-20-94-230-122-382-275-243-6-1-1
Net Cash Flow-34252-53-66-3649-6527-26-5-7
Free Cash Flow3735-2015163145494150235-2-3-2
CFO/OP109%435%92%158%157%823%328%458%-191%-358%-50%-28%

Financials of Forbes & Co

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days605956546054476261201537
Inventory Days1029813815522028418853389243113
Days Payable1621401151421511629921421771167
Cash Conversion Cycle017796812817713638061695-13-17
Working Capital Days-17-29-27-42-71-126-273-135-175-299-49124
ROCE %11%3%5%5%7%-2%14%12%-9%5%16%9%

Continue your research

Others in Consumer Durables this season

  • Bata India (Q2 FY27)

    Revenue from Operations for Q2 FY27: INR 8,618 million, up 7.5% YoY. Key investor presentation takeaways from Bata India Ltd's Q2 FY27 investor presentation — a

  • RBZ Jewellers Lt (Q2 FY27)

    Q2 FY27 Operational Revenue: INR 2,247 Mn, up 54.9% YoY (Q2 FY26: INR 1,451 Mn) (Page 32, 28) . Key investor presentation takeaways from RBZ Jewellers Ltd's Q2

  • Global Surfaces (Q2 FY27)

    Q2-FY27 revenue from operations was INR 599 Mn, a 10.7% increase YoY from INR 541 Mn in Q2-FY26 (Page 21). Key investor presentation takeaways from Global Surfa

  • Kabra Jewels (Q2 FY27)

    356 crore, up 14% YoY . Key results statement takeaways from Kabra Jewels Ltd's Q2 FY27 results statement — and how it ranks against sector peers.

Compare:vs Titan Companyvs Asian Paintsvs LG Electronics