Forbes & Company

₹649.8 59.1 | 10%

WEBSITE BSE:502865 NSE : FORBES & CO 10 May, 16:01

Market Cap ₹838 Cr.

Stock P/E 39.4

P/B 3.1

Current Price ₹649.8

Book Value ₹ 211

Face Value 10

52W High ₹1399

Dividend Yield 10%

52W Low ₹ 383.3

Edit Ratio

Forbes & Company Research see more...

Overview Inc. Year: 1919Industry: Engineering - Industrial Equipments

Forbes & Company Ltd is a holding organisation. The Company is engaged within the manufacture of threading gear, carbide tools and steam engines. The Company's operations additionally include ocean freight forwarding and box freight station. The Company's segments encompass Engineering, Health & Hygiene, Real Estate, IT enabled services and Products, Energy Solution and Others. The Others segment includes Education auxiliary offerings and other services. The Company, via its subsidiaries/accomplice businesses, offers clean water, air and hygiene products, and transaction solutions systems; offers floating production storage offloading vessels, and operates chemical tankers. The Company's brands consist of Totem, Aquasure Packaged Drinking Water (PDW), Eurovigil protection systems and Aeroguard. The Company also gives Solid Carbide Rods and High Speed Steel drills for concrete, granite, construction and hammer, among others. It gives Bradma lasers with editions of Fiber and Carbon Dioxide.

Forbes & Company Share Price

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Peer Comparison

Forbes & Company Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	131	137	117	122	64	61	102	107	70	72
Other Income	11	22	12	209	-2	7	45	20	4	2
Total Income	142	158	129	330	63	68	147	127	74	74
Total Expenditure	115	123	113	122	57	64	115	97	59	60
Operating Profit	27	35	15	209	5	4	32	30	14	14
Interest	10	9	11	7	4	4	1	2	1	0
Depreciation	11	11	8	7	5	4	7	6	3	3
Exceptional Income / Expenses	-80	-2	-262	-16	29	0	-1	0	-0	1
Profit Before Tax	-75	13	-266	179	26	-4	22	22	10	12
Provision for Tax	6	2	-15	36	-28	1	12	7	3	1
Profit After Tax	-81	11	-251	143	54	-5	11	16	7	11
Adjustments	31	-22	4546	2	-14	1	-1	0	-23	-0
Profit After Adjustments	-50	-11	4295	146	40	-4	10	16	-16	11
Adjusted Earnings Per Share	-38.5	-8.6	3329.3	113	31	-3.2	7.9	12.3	-12.1	8.4

Forbes & Company Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	1999	3067	3546	3200	2999	2823	2853	2731	932	515	442	351
Other Income	39	65	58	69	52	30	38	241	74	37	268	71
Total Income	2038	3132	3604	3269	3050	2853	2891	2972	1006	552	710	422
Total Expenditure	1911	2915	3400	3069	2892	2694	2711	2902	795	468	461	331
Operating Profit	127	218	204	200	158	159	180	70	211	84	249	90
Interest	32	79	91	114	74	96	89	101	52	42	18	4
Depreciation	45	54	22	75	71	77	77	98	68	41	27	19
Exceptional Income / Expenses	58	-12	-10	-21	82	0	-10	-215	-126	-346	12	0
Profit Before Tax	109	72	81	-9	95	-4	11	-338	-30	-334	219	66
Provision for Tax	26	22	44	40	24	28	14	-2	60	-10	28	23
Profit After Tax	83	50	37	-49	71	-32	-3	-335	-90	-324	191	45
Adjustments	3	-7	-5	-9	14	13	10	10	13	4553	1	-24
Profit After Adjustments	86	43	32	-59	84	-19	7	-325	-78	4230	192	21
Adjusted Earnings Per Share	65.9	32.5	25.5	-46	65.5	-15.1	5.4	-251.7	-60.2	3279.2	148.8	16.5

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	-14%	-46%	-31%	-14%
Operating Profit CAGR	196%	53%	9%	7%
PAT CAGR	0%	0%	0%	9%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	8%	-27%	-21%	3%
ROE Average	153%	51%	-46%	-17%
ROCE Average	75%	-1%	-3%	5%

Forbes & Company Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	442	430	555	219	314	316	264	-88	-141	86	163
Minority's Interest	2	17	61	128	132	119	109	99	64	-0	0
Borrowings	231	505	771	734	775	735	579	344	170	63	81
Other Non-Current Liabilities	149	213	189	178	151	161	116	133	9	-5	29
Total Current Liabilities	801	1302	1221	1305	1314	1405	1745	2183	1917	565	410
Total Liabilities	1625	2466	2797	2568	2686	2737	2813	2670	2019	760	683
Fixed Assets	367	878	1140	997	1011	1114	1108	1002	574	136	121
Other Non-Current Assets	329	336	387	365	364	403	440	324	157	178	182
Total Current Assets	925	1250	1270	1162	1310	1220	1264	1344	1287	341	379
Total Assets	1625	2466	2797	2568	2686	2737	2813	2670	2019	760	683

Forbes & Company Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	105	80	206	137	138	190	137	71	35	84	18
Cash Flow from Operating Activities	95	114	98	120	67	170	207	229	366	201	55
Cash Flow from Investing Activities	-85	-409	-66	-83	6	-129	-45	-143	77	32	216
Cash Flow from Financing Activities	-34	421	-80	-36	-20	-94	-230	-122	-382	-275	-243
Net Cash Inflow / Outflow	-25	126	-48	2	53	-53	-67	-36	61	-42	28
Closing Cash & Cash Equivalent	80	206	172	138	190	137	71	35	84	18	46

Forbes & Company Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	65.88	32.52	25.5	-45.99	65.5	-15.07	5.4	-251.66	-60.21	3279.19	148.82
CEPS(Rs)	99.91	82.15	46.08	19.97	109.59	34.76	57.42	-183.68	-17.1	-218.77	169.42
DPS(Rs)	0.5	0	0	0	2.5	2.5	5	0	0	0	65
Book NAV/Share(Rs)	329.39	320.85	348.19	171.99	243.4	244.84	204.39	-68.34	-109.33	67.01	126.42
Core EBITDA Margin(%)	4.36	4.94	4.07	4.06	3.52	4.56	4.99	-6.26	14.74	9.14	-4.41
EBIT Margin(%)	6.94	4.89	4.81	3.25	5.61	3.23	3.54	-8.65	2.32	-56.71	53.56
Pre Tax Margin(%)	5.36	2.33	2.26	-0.29	3.15	-0.15	0.4	-12.36	-3.21	-64.87	49.58
PAT Margin (%)	4.07	1.63	1.04	-1.52	2.34	-1.14	-0.1	-12.27	-9.67	-62.87	43.29
Cash Profit Margin (%)	6.28	3.38	1.64	0.79	4.68	1.59	2.6	-8.68	-2.36	-54.82	49.44
ROA(%)	5.59	2.47	1.41	-1.84	2.69	-1.19	-0.11	-12.22	-3.85	-23.29	26.54
ROE(%)	21.66	12.19	8.7	-14.88	26.53	-10.23	-1.03	-381.83	0	0	153.37
ROCE(%)	17.62	14	11.66	7.03	11.95	6.13	7.11	-20.2	3.16	-80.79	74.69
Receivable days	54.21	53.63	58.07	62.81	59.67	57.05	56.68	58.28	143.92	147.23	59.9
Inventory Days	47.25	40.05	35.9	39.12	47.82	56.41	66.05	87.56	231.91	238.58	170.55
Payable days	121.91	158.18	161.57	143.95	137.52	136.09	149.25	162.3	380.33	565.67	203.69
PER(x)	9.56	15.38	67.69	0	26.95	0	406.95	0	0	0.13	3.93
Price/Book(x)	1.91	1.56	4.96	7.06	7.25	12.64	10.75	-11.25	-15.77	6.12	4.63
Dividend Yield(%)	0.08	0	0	0	0.14	0.08	0.23	0	0	0	11.12
EV/Net Sales(x)	0.54	0.44	0.9	0.79	1.07	1.79	1.34	0.74	2.82	1.51	1.81
EV/Core EBITDA(x)	8.46	6.17	15.67	12.64	20.37	31.68	21.22	28.72	12.48	9.29	3.22
Net Sales Growth(%)	12.98	53.42	15.61	-9.76	-6.29	-5.87	1.09	-4.29	-65.86	-44.8	-14.13
EBIT Growth(%)	27.82	7.56	13.68	-39.03	61.69	-46.07	10.32	-334.09	109.17	-1448.13	181.09
PAT Growth(%)	69.74	-38.88	-26.57	-232.98	243.5	-145.56	90.73	0	73.08	-258.88	159.12
EPS Growth(%)	64.71	-50.64	-21.58	-280.35	242.42	-123.01	135.82	-4760.94	76.07	5546.02	-95.46
Debt/Equity(x)	0.9	2.1	1.92	5.2	3.71	3.77	4.06	-12.4	-3.59	3.14	0.69
Current Ratio(x)	1.15	0.96	1.04	0.89	1	0.87	0.72	0.62	0.67	0.6	0.92
Quick Ratio(x)	0.76	0.68	0.76	0.62	0.66	0.56	0.38	0.29	0.43	0.25	0.41
Interest Cover(x)	4.4	1.91	1.89	0.92	2.28	0.96	1.13	-2.33	0.42	-6.95	13.45
Total Debt/Mcap(x)	0.49	1.39	0.49	0.73	0.51	0.3	0.38	1.1	0.23	0.51	0.15

Forbes & Company Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	73.85	73.85	73.85	73.85	73.85	73.85	73.85	73.85	73.85	73.85
FII	11.53	11.53	11.52	11.52	11.52	11.52	11.52	11.51	11.58	11.56
DII	1.47	0.97	0.97	0.96	0.96	0.96	0.96	0.96	0.96	0.96
Public	13.15	13.65	13.66	13.68	13.68	13.68	13.68	13.68	13.62	13.63
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	0.95	0.95	0.95	0.95	0.95	0.95	0.95	0.95	0.95	0.95
FII	0.15	0.15	0.15	0.15	0.15	0.15	0.15	0.15	0.15	0.15
DII	0.02	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Public	0.17	0.18	0.18	0.18	0.18	0.18	0.18	0.18	0.18	0.18
Others	0	0	0	0	0	0	0	0	0	0
Total	1.29	1.29	1.29	1.29	1.29	1.29	1.29	1.29	1.29	1.29

Pros

Stock is providing a good dividend yield of 10 %.
Company has a good return on equity (ROE) track record: 3 Years ROE 51%
Debtor days have improved from 565.67 to 203.69days.

Cons

Stock is trading at 3.1 times its book value.
Earnings include an other income of Rs. 268 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Forbes & Company Research see more...

Overview Inc. Year: 1919Industry: Engineering - Industrial Equipments

Forbes & Company Share Price

Alert Data

Quarterly Price

Peer Comparison

Forbes & Company Quarterly Results

Forbes & Company Profit & Loss

Growth Rates

Forbes & Company Balance Sheet

Forbes & Company Cash Flow

Forbes & Company Ratios

Forbes & Company Shareholding Pattern

Forbes & Company News

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