Skip to content
Forcas Studio logo

Forcas Studio

FORCAS NSE
₹189.00 No trade today
View as Markdown
MCP
Close 4 Nov 2026 ₹189.00 +66.00 +53.7% 1Y
Start ₹123.00

Key Fundamentals

SMETextilesConsumer Discretionary

Price-based figures as of · TTM

ROCE
20.20%
Debt to Equity
0.54
EPS (TTM)
—
Book Value
₹47.66
Market Cap
—
P/E (TTM)
—
P/B
3.97
ROE
18.50%
Dividend Yield
0.00%
EBITDA
₹21.02 Cr
52W High
₹249.95
52W Low
₹91.50
Volume
0

Peer Comparison

Consumer Discretionary › Textiles › Textiles & Apparels › Garments & Apparels

Forcas Studio peer comparison
Page Industries
₹35,750.0052.76₹39,613 Cr26.540.57%54.30%64.40%₹5,351 Cr₹757 Cr
Arvind
₹499.4531.63₹13,742 Cr3.200.90%10.80%14.70%₹9,798 Cr₹431 Cr
Pearl Global Industries
₹1,319.9039.22₹11,797 Cr8.361.14%21.00%19.90%₹5,325 Cr₹304 Cr
Gokaldas Exports
₹731.8552.09₹5,236 Cr2.480.14%3.09%7.65%₹4,185 Cr₹103 Cr
Lux Industries
₹1,173.5035.46₹3,448 Cr1.920.17%5.76%7.68%₹2,948 Cr₹99 Cr
SBC Exports
₹67.1682.91₹3,202 Cr31.830.07%37.20%18.40%₹452 Cr₹38 Cr
Kewal Kiran Clothing
₹434.0518.07₹2,655 Cr2.640.46%14.70%17.20%₹1,258 Cr₹161 Cr
Forcas Studio (this company)
₹189.00—₹343 Cr3.970.00%18.50%20.20%——
Median 8 companies₹615.6539.22₹4,342 Cr3.590.32%16.60%17.80%₹4,185 Cr₹161 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

53 Average

Data confidence 84/100

Category scores

Quality
59
Good
Returns, margins, earnings quality 22% weight
Valuation
24
Poor
Cheap vs sector & own history 24% weight
Growth
78
Strong
Sales & profit trajectory 9% weight
Financial Health
58
Good
Solvency, leverage, coverage 9% weight
Momentum
98
Strong
Trend strength, vol-adjusted 12% weight
Ownership
48
Average
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

2
  • Company has delivered good profit growth of 88.0% CAGR over last 5 years
  • Debtor days have improved from 165 to 121 days.

Weaknesses

1
  • Though the company is reporting repeated profits, it is not paying out dividend

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBearish847
OscillatorsBullish243
Moving AveragesStrong Bearish604

Key readings

RSI (14)
32.02
Neutral
MACD (12,26,9)
−8.98
Bearish
SMA (50)
219.09
Bearish
SMA (200)
144.60
Bullish

As of

Growth Rate

From the financial statements below. 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025.

Revenue

Revenue growth by window
5Y+31.69%
3Y+43.50%
1Y+29.41%

Net profit

Net profit growth by window
5Y+69.52%
3Y+141.01%
1Y+55.56%

Operating cash flow

Operating cash flow growth by window
5YTurned negative
3YTurned negative
1YOutflow widened by ₹32 Cr

Operating margin· change in pp

Operating margin growth by window
5Y+4.61 pp
3Y+6.13 pp
1Y+1.46 pp

Trailing twelve months: Results are not reported for each of the last eight quarters, so there is no trailing-twelve-month figure.

Revenue by year

Revenue by year, ₹ crore
Mar 2021₹50.00 Cr
Mar 2022₹53.00 Cr
Mar 2023₹67.00 Cr
Mar 2024₹41.00 Cr
Mar 2025₹153 Cr
Mar 2026₹198 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2021₹1.00 Cr
Mar 2022₹1.00 Cr
Mar 2023₹1.00 Cr
Mar 2024₹2.00 Cr
Mar 2025₹9.00 Cr
Mar 2026₹14.00 Cr

Half-yearly Results

₹ Cr
FORCAS half-yearly results, ₹ crore
Particulars Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Mar 2026
Sales
29
83
56
87
84
114
Expenses
27
75
50
78
75
102
Operating Profit
2
8
5
8
9
12
OPM %
8%
10%
9%
10%
11%
11%
Other Income
0
0
0
0
0
0
Interest
1
2
2
1
1
2
Depreciation
0
0
0
0
0
0
PBT
1
6
4
8
8
10
Tax %
34%
24%
26%
26%
26%
23%
Net Profit
1
4
3
6
6
8
EPS (₹)
0.81
3.31
1.66
3.25
3.3
4.51

Profit & Loss

₹ Cr
FORCAS profit and loss, annual, ₹ crore
Particulars Mar 2021Mar 2022Mar 2023Feb 2024 1mMar 2024Mar 2025Mar 2026
Sales
50
53
67
24
41
153
198
Expenses
47
50
65
22
38
140
177
Operating Profit
3
3
3
2
3
14
21
OPM %
6%
6%
3.8%
9%
8%
9%
11%
Other Income
1
1
2
0
0
1
0
Interest
3
3
3
1
1
2
3
Depreciation
0
0
0
0
0
0
1
PBT
1
1
1
2
3
12
18
Tax %
−5%
−3%
−3%
26%
21%
26%
25%
Net Profit
1
1
1
1
2
9
14
EPS (₹)
0.61
0.85
1.23
0.91
1.66
4.91
7.76
Div. Payout %
0%
0%
0%
0%
0%
0%
0%

Balance Sheet

₹ Cr
FORCAS balance sheet, annual, ₹ crore
Particulars Mar 2021Mar 2022Mar 2023Feb 2024Mar 2024Mar 2025Mar 2026
Equity Capital
7
8
9
13
13
18
18
Reserves
0
0
0
6
7
46
66
Borrowings
24
24
23
29
33
13
45
Other Liabilities
17
11
7
11
13
14
35
Total Liabilities
49
43
39
59
66
91
163
Fixed Assets
1
1
1
1
1
2
2
CWIP
0
0
0
0
0
0
0
Investments
0
0
0
0
0
0
0
Other Assets
48
42
38
58
65
89
161
Total Assets
49
43
39
59
66
91
163

Cash Flow

₹ Cr
FORCAS cash flow, annual, ₹ crore
Particulars Mar 2021Mar 2022Mar 2023Feb 2024Mar 2024Mar 2025Mar 2026
Operating
3
3
5
1
−40
−10
−42
Investing
0
0
−1
0
−10
5
−1
Financing
−2
−2
−5
−2
50
13
35
Net Cash Flow
0
0
0
0
0
8
−8
Free Cash Flow
2
2
5
1
−41
−11
−43
CFO/OP
90
85
211
65
−1,135
−42
−180

Ratios

FORCAS financial ratios, annual
Particulars Mar 2021Mar 2022Mar 2023Feb 2024Mar 2024Mar 2025Mar 2026
Debtor Days
136
40
63
360
284
91
121
Inventory Days
224
285
156
544
244
124
214
Days Payable
169
92
50
199
124
47
84
Cash Conversion Cycle
191
232
169
705
403
168
251
Working Capital Days
81
70
39
189
99
122
143
ROCE %
—
10%
13%
5%
9%
22%
20%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Forcas Studio insights

57 extracted metrics across FY21–FY26.

Shareholding Pattern

As of Sep 2026

  • Promoters 60.30%
  • Public 27.03%
  • Others 12.67%
  • DIIs 0.01%

No promoter shares pledged as of 14 Oct 2026

Change since Mar 2026

Documents

Frequently Asked Questions about Forcas Studio

What does Forcas Studio Ltd do?
Incorporated in April 2010, Forcas Studio Limited sells men's clothing, including shirts, jeans, t-shirts, trousers, cotton pants, sportswear, party wear, fashion wear, and boxers.
Where is Forcas Studio Ltd (FORCAS) listed?
Forcas Studio Ltd trades as FORCAS on the NSE.
Which sector does Forcas Studio Ltd belong to?
Forcas Studio Ltd is classified under the Textiles sector, in the Textiles & Apparels industry.
What is the 52-week high and low of Forcas Studio Ltd?
Over the last 52 weeks Forcas Studio Ltd has traded between ₹91.5 and ₹249.95 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Forcas Studio Ltd?
Forcas Studio Ltd reported a return on equity of 18.50%. Its debt-to-equity ratio is 0.54.

Company Information

Incorporated in April 2010, Forcas Studio Limited sells men's clothing, including shirts, jeans, t-shirts, trousers, cotton pants, sportswear, party wear, fashion wear, and boxers.

Website focasstudio.in
Listed 26 Aug 2024
Face Value ₹10

For AI agents and developers

Reading this as an AI agent, LLM or automated pipeline? Every page on Tapetide is also published as clean Markdown — no navigation, no scripts, just the data. Fetch https://tapetide.com/stocks/FORCAS.md for Forcas Studio Ltd: dated key facts, then this page's sections in order: latest price, key fundamentals, peer comparison, the Tapetide Score, technical indicators, analyst ratings, growth rates, analyst forecasts, the AI analysis and news digest (labelled as AI-generated), financial statements, shareholding pattern, documents and the FAQ.

Append .md to any Tapetide URL for the same treatment. A full index of what we publish is at /llms.txt and /llms-full.txt. For live, structured queries instead of documents, use our Indian stock market MCP server.

Explore More

More Textile stocks → FII DII DataStock ScreenerNifty 50 HeatmapF&O Ban ListFII and DII flows, month by monthHow Tapetide Scores changed, month by monthStocks mutual funds are buying, month by month