Forbes & Company Limited

Forbes & Company Limited

FORBESCO.BO
Forbes & Company LimitedIN flagBombay Stock Exchange
299.80
INR
-6.25
- -
3.87BMarket Cap
Forbes & Company Limited
FORBESCO.BO
(Bombay Stock Exchange)

Recent

price

299.80

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
1,156.59
1,387.55
1,567.61
2,403.62
2,779.74
2,510.97
2,354.66
2,216.47
2,212
2,123.38
721.99
394.66
36.38
97.9
156.48
- -
59.83
Revenue per Share
23.31
40
65.88
30.09
24.65
-46.7
66.35
-15.27
5.47
-254.95
-61
3,322.1
150.76
-3.5
96.42
- -
10.54
Basic EPS, GAAP
-25.28
43.49
74.56
89.41
76.96
18.82
-49.64
3.4
112.73
106.59
267.19
111.16
30.93
-16.18
-10.36
- -
- -
Free Cash Flow per Basic Share
0.04
1.31
2.91
2.25
4.79
2.64
0.08
3.1
2.36
4.93
0.01
- -
64.68
0.01
0.05
- -
- -
Dividend per Share
10
-70.22
-31.98
-9.1
-158.26
-207.61
-142.61
-160.58
-204.18
-448.23
-512.33
-378.93
-293.38
-336.35
-240.18
- -
10.14
Book Value per Share
238.85
264.96
318.21
-88.52
-100.81
-151.33
-89.86
-134.47
-208.51
-317.64
-322.81
51.93
176.42
110.14
172.38
- -
156.63
Tangible Book Value per Share
13
13
13
13
13
13
13
13
13
13
13
13
13
13
13
- -
13
Basic Weighted Avg Shares
14,726
17,667
19,959
30,603
35,392
31,970
29,980
28,220
28,163
27,035
9,192
5,025
463
1,246
1,992
761
761
Sales/Revenue/Turnover
3.44
4.45
4.29
3.6
4.08
2.45
1.48
2.32
2.8
5.49
9.11
3.16
-71.74
5.05
13.13
9.43
9.43
Operating Margin (%)
431
444
447
541
216
747
707
770
770
992
974
667
278
55
16
29
29
Depreciation Expense
308
525
856
401
325
-586
845
-194
70
-3,246
-777
42,297
1,920
-45
1,228
134
134
Net Income, GAAP
24.59
28.95
24.05
29.93
54.14
- -
25.7
- -
125.96
- -
- -
- -
3.46
11.02
28.12
26.24
26.24
Effective Tax Rate (%)
2.09
2.97
4.29
1.31
0.92
-1.83
2.82
-0.69
0.25
-12.01
-8.45
841.77
414.45
-3.58
61.62
17.61
17.61
Profit Margin (%)
-1,457
416
1,239
-517
6
-1,024
-22
-1,855
-4,809
-8,385
-6,292
-1,687
476
-339
353
468
468
Working Capital
1,378
2,662
2,314
5,047
7,638
7,027
7,506
7,085
5,486
3,364
1,442
754
51
49
49
53
53
LT Debt
3,136
3,638
4,435
4,470
3,981
3,469
4,463
4,350
3,729
104
-766
862
2,248
1,403
2,195
1,994
1,994
Total Equity
7.41
9.3
8.2
7.1
4.75
- -
2.2
- -
-1.39
- -
- -
- -
-12.16
3.71
12.83
2.71
2.39
Return on Invested Capital (%)
21.24
30.41
29.58
10.24
6.43
- -
12.76
- -
-0.48
- -
- -
- -
-71.68
0.89
-34.02
-9.86
72.95
Return on Capital (%)
233.14
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
103.95
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
6
- -
7
LT Borrowings
- -
- -
- -
LT Finance Leases
56
- -
53
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
13
- -
13
Market Capitalization
4,681
4,122
4,028

Working Capital

FRC

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
904
- -
822
Cash, Cash Equivalents & STI
717
- -
627
Accounts Receivable, Net
57
- -
78
Inventories
87
- -
99
Total Current Liabilities
471
- -
355
Payables & Accruals
- -
- -
- -
ST Debt
6
- -
7
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-96.75%
-8.44%
-9.17%
Free Cash Flow
253.52%
-71.28%
-37.53%
Net Income, GAAP
-1,402.7%
-1,737.37%
-89.08%
Sales/Revenue/Turnover
-5.13%
6.21%
-61.78%
Total Cash Common Dividend
457,924.93%
915,118.4%
50%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
114
155
119
-754
1,246
2025
357
346
402
887
1,992
2026
224
187
178
172
761

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
8.44
-17.84
3.09
- -
-3.5
2025
4.15
4.04
7.46
80.77
96.42
2026
3.82
4.97
3.29
-1.55
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.01
2025
- -
- -
- -
- -
0.05
2026
- -
- -
- -
- -
- -
Business
Forbes & Company Limited is an established manufacturer specializing in precision cutting tools and marking and traceability solutions. Its core product offerings include the Totem product line encompassing high-performance threading taps made from HSSE and HSSE-PM materials, solid carbide end mills and drills, tungsten carbide rotary burrs, carbon steel taps, dies, and die nuts, along with high-speed steel drills and annular cutters. The Bradma range features electric and pneumatic pin marking machines, laser marking machines, and industrial automation solutions such as customized marking workstations, vision and monitoring systems, conveyor systems, and robotic applications. Additionally, the company markets the BBBB product line consisting of plated and natural spring lock washers, Forbes Kendo hand tools, and PTA accessories. All manufacturing occurs in a world-class facility in Aurangabad, Maharashtra, equipped with state-of-the-art machinery imported from Germany, Switzerland, and Australia. Its operations span across India, including manufacturing and wholesale export activities from Mumbai, Chennai, Pune, and Aurangabad. Founded in 1767 and headquartered in Mumbai, Forbes & Company has recently undergone significant strategic changes. In FY 2024, it completed the demerger of its precision tools business into a wholly owned subsidiary, Forbes Precision Tools and Machine Parts Limited, officially effective from April 1, 2023. This reorganization also involved the liquidation of its European subsidiaries and a substantial reduction in debt, with a transfer of certain liabilities to the new subsidiary. The company's revenue increased over twofold in FY 2024 driven by its real estate division, which notably handed over flats and is projected to break even in FY 2025. Furthermore, Forbes & Company announced a new 2.63-acre IT park project in Thane, Maharashtra, reflecting an expansion into real estate development alongside its core industrial manufacturing focus. Executive leadership changes occurred with the resignation and appointment of whole-time directors during 2025. These developments are part of Forbes & Company's broader strategic shift to focus on scalable business segments and operational efficiency. The company serves diversified industrial machinery manufacturing and engineering markets, targeting clients needing precision cutting tools, industrial automation, marking solutions, and hand tools across various sectors in India and selected global markets. It continues to align its product quality with international standards through rigorous testing and premium technological inputs, maintaining its legacy as one of India's oldest companies with diversified operations including engineering and real estate development. This description reflects the company's latest major developments and comprehensive product offerings as of late 2025.