Forbes & Company
Consumer Goods
502865 BSE
₹290.35
Close ·
- P/E
- 27.11
Close 4 Nov 2026 ₹290.35 −77.40 −21.0% 1Y
Start ₹367.75
Key Fundamentals
MicrocapConsumer DurablesConsumer DiscretionaryPrice-based figures at the close · EPS basis: Consolidated · TTM
- ROCE
- 6.90%
- Debt to Equity
- 0.04
- EPS (TTM)
- ₹10.71
- Book Value
- ₹157.92
- Market Cap
- —
- P/E (TTM)
- 27.11
- P/B
- 1.84
- ROE
- 3.48%
- Dividend Yield
- 22.59%
- EBITDA
- ₹24.20 Cr
- 52W High
- ₹462.75
- 52W Low
- ₹242.20
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
41 Weak
Data confidence 100/100
Category scores
- Quality
- 40
- Weak
- Returns, margins, earnings quality 22% weight
- Valuation
- 41
- Weak
- Cheap vs sector & own history 24% weight
- Growth
- 2
- Poor
- Sales & profit trajectory 9% weight
- Financial Health
- 84
- Strong
- Solvency, leverage, coverage 9% weight
- Momentum
- 42
- Weak
- Trend strength, vol-adjusted 12% weight
- Ownership
- 37
- Weak
- FII/DII/promoter flows 24% weight
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
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.11.5 Cr.
- Debtor days have increased from 24.6 to 39.3 days.
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Bullish | 4 | 6 | 9 |
| Oscillators | Bullish | 1 | 6 | 2 |
| Moving Averages | Strong Bullish | 3 | 0 | 7 |
Oscillators
Bullish
Bearish
1
Neutral
6
Bullish
2
Overall
Bullish
Bearish
4
Neutral
6
Bullish
9
Moving Averages
Strong Bullish
Bearish
3
Neutral
0
Bullish
7
Key readings
- RSI (14)
- 54.95
- Neutral
- MACD (12,26,9)
- −3.01
- Bullish
- SMA (50)
- 289.87
- Bullish
- SMA (200)
- 316.78
- Bearish
As of
Growth Rate
From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.
Revenue
| 10Y | −9.54% |
|---|---|
| 5Y | −33.52% |
| 3Y | +20.23% |
| 1Y | −62.94% |
| TTM | −65.20% |
Net profit
| 10Y | +17.46% |
|---|---|
| 5Y | Turned to profit |
| 3Y | −60.26% |
| 1Y | −44.44% |
| TTM | −45.95% |
Operating cash flow
| 10Y | Turned negative |
|---|---|
| 5Y | Turned negative |
| 3Y | Turned negative |
| 1Y | Outflow narrowed by ₹7 Cr |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 10Y | +20.23 pp |
|---|---|
| 5Y | −10.86 pp |
| 3Y | +39.89 pp |
| 1Y | +0.50 pp |
| TTM | +2.27 pp |
Revenue by year
| Mar 2017 | ₹266 Cr |
|---|---|
| Mar 2018 | ₹293 Cr |
| Mar 2019 | ₹227 Cr |
| Mar 2020 | ₹195 Cr |
| Mar 2021 | ₹562 Cr |
| Mar 2022 | ₹235 Cr |
| Mar 2023 | ₹42.00 Cr |
| Mar 2024 | ₹123 Cr |
| Mar 2025 | ₹197 Cr |
| Mar 2026 | ₹73.00 Cr |
Net profit by year
| Mar 2017 | ₹97.00 Cr |
|---|---|
| Mar 2018 | ₹41.00 Cr |
| Mar 2019 | ₹10.00 Cr |
| Mar 2020 | −₹25.00 Cr |
| Mar 2021 | −₹31.00 Cr |
| Mar 2022 | ₹4,133 Cr |
| Mar 2023 | ₹239 Cr |
| Mar 2024 | ₹20.00 Cr |
| Mar 2025 | ₹27.00 Cr |
| Mar 2026 | ₹15.00 Cr |
Quarterly Results
₹ Cr| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 58.54 | 15 | 11.45 | 86.1 | 35.36 | 34.22 | 39.04 | 88.22 | 22.03 | 18.13 | 16.5 | 16.48 | 12.76 |
| Expenses | 49.01 | 16.28 | 11.05 | 79.27 | 30.65 | 29.85 | 36.43 | 74.01 | 20.61 | 15.13 | 13.83 | 13.66 | 11.93 |
| Operating Profit | 9.53 | −1.28 | 0.4 | 6.83 | 4.71 | 4.37 | 2.61 | 14.21 | 1.42 | 3 | 2.67 | 2.82 | 0.83 |
| OPM % | 16.28% | −8.53% | 3.49% | 7.93% | 13.32% | 12.77% | 6.69% | 16.11% | 6.45% | 16.55% | 16.18% | 17.11% | 6.5% |
| Other Income | 17.56 | 2.11 | 2.06 | −3.63 | 2.27 | 2.87 | 9.71 | −0.91 | 3.82 | 5.68 | 1.25 | 1.3 | 3.3 |
| Interest | 0.54 | 0.12 | 0.12 | 0.68 | 0.15 | 0.11 | 0.14 | 0.12 | 0.16 | 0.15 | 0.14 | 0.15 | 0.14 |
| Depreciation | 3.32 | 0.44 | 0.38 | 0.36 | 0.36 | 0.36 | 0.41 | 0.39 | 0.55 | 0.53 | 0.51 | 1.25 | 0.53 |
| PBT | 23.23 | 0.27 | 1.96 | 2.16 | 6.47 | 6.77 | 11.77 | 12.79 | 4.53 | 8 | 3.27 | 2.72 | 3.46 |
| Tax % | 25.57% | 18.52% | −71.94% | −103.7% | 17.62% | 15.36% | 28.63% | 41.59% | 12.36% | 24.5% | 13.15% | 31.25% | 11.27% |
| Net Profit | 17.29 | 0.22 | 3.37 | 4.4 | 5.33 | 5.73 | 8.4 | 7.47 | 3.97 | 6.04 | 2.84 | 1.87 | 3.07 |
| EPS (₹) | 13.4 | 0.17 | 2.61 | 3.41 | 4.13 | 4.44 | 6.51 | 5.79 | 3.08 | 4.68 | 2.2 | 1.45 | 2.38 |
Profit & Loss
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 163 | 199 | 266 | 293 | 227 | 195 | 562 | 235 | 42 | 123 | 197 | 73 | 64 |
| Expenses | 160 | 212 | 228 | 235 | 204 | 199 | 424 | 202 | 54 | 116 | 171 | 63 | 55 |
| Operating Profit | 3 | −13 | 38 | 58 | 23 | −4 | 138 | 33 | −11 | 7 | 26 | 10 | 9 |
| OPM % | 1.8% | −6% | 14% | 20% | 10% | −2.1% | 25% | 14% | −27% | 6% | 13% | 14% | 15% |
| Other Income | 19 | 40 | 72 | 7 | 8 | 2 | −101 | 4,115 | 263 | 18 | 14 | 12 | 12 |
| Interest | 19 | 19 | 12 | 12 | 12 | 12 | 14 | 12 | 5 | 1 | 1 | 1 | 1 |
| Depreciation | 3 | 5 | 6 | 8 | 9 | 12 | 14 | 13 | 2 | 2 | 2 | 3 | 3 |
| PBT | −1 | 3 | 92 | 46 | 10 | −26 | 9 | 4,122 | 245 | 23 | 38 | 19 | 17 |
| 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 | 14 |
| EPS (₹) | −0.45 | 2.44 | 74.89 | 31.71 | 7.96 | −19.03 | −24.05 | 3,204 | 185 | 15.76 | 20.88 | 11.41 | 10.71 |
| Div. Payout % | 0% | 0% | 3% | 8% | 63% | 0% | 0% | 0% | 35% | 0% | 0% | 0% | — |
Balance Sheet
₹ Cr| Particulars | 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
₹ Cr| Particulars | 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/EBITDA | −580 | −304 | −78 | 68 | 253 | −1,496 | 69 | 174 | −524 | −233 | −58 | −46 |
Ratios
| Particulars | 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% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Forbes insights
29 extracted metrics across FY15–FY27.
Documents
- 17 Feb 2026
- 30 Dec 2025
- 7 Feb 2025
- 18 Nov 2024
- 5 Apr 2024
- General announcements 13 Oct 2026
Frequently Asked Questions about Forbes & Company
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
Where is Forbes & Company Ltd (FORBESCO) listed?
Forbes & Company Ltd trades under code 502865 on the BSE.
Which sector does Forbes & Company Ltd belong to?
Forbes & Company Ltd is classified under the Consumer Goods sector, in the Household Appliances industry.
What is the PE ratio of Forbes & Company Ltd?
Forbes & Company Ltd trades at a PE ratio of 27.11 as of 4 Nov 2026, on earnings per share of ₹10.71, against a book value of ₹157.92 per share.
What is the 52-week high and low of Forbes & Company Ltd?
Over the last 52 weeks Forbes & Company Ltd has traded between ₹242.2 and ₹462.75 as of 4 Nov 2026.
Does Forbes & Company Ltd pay dividends?
Forbes & Company Ltd has a dividend yield of 22.59%.
What is the Return on Equity (ROE) of Forbes & Company Ltd?
Forbes & Company Ltd reported a return on equity of 3.48%. Its debt-to-equity ratio is 0.04.
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
Website forbes.co.in
Face Value ₹10
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