On 6 Nov 2026, Forbes & Company was priced at ₹308.45, or 32.3× trailing earnings, against an industry P/E of 30.6×, and the shares are 33% below their 52-week high. Sales grew 18% a year over 3 years while net profit fell 59%, with ROCE of 8.6% and ROE of 6.4%, though net profit is above operating profit, which points to a one-off gain. It carries very little debt. It is a small-cap company with a market cap of ₹398 Cr, ranked 31st of 54 Furnishings, Fixtures & Appliances companies by market cap; the shares fell 20% over the past year.
- ₹295.90
- ₹338.10
- ₹275.00
- ₹297.10
- 2.8 L
Health check
- ReturnsIn line
−20.0% over a year, better than 4 of 7 peers.
- Price tagDistorted
A one-off gain inflates profit, so P/E isn’t comparable right now.
- GrowthSteady
Sales +18.0%, profit −58.8% a year over 3 years.
- ProfitabilityWeak
ROCE 8.6% vs peer median 9.0%.
- Balance sheetFair
Practically debt-free, Piotroski 4 of 9.
- Red flags5 to check
Return on equity is low at 6.4%.
Small cap
Moves with the market
Key metrics
- Market cap
- ₹398 Cr
- Small cap
- P/E
- 32.3
- Industry 30.6
- Price to book
- 1.97
- Peers 4.21
- Dividend yield
- 0.00%
- ROE
- 6.4%
- Peers 5.8%
- ROCE
- 8.6%
- Peers 9.0%
- Debt to equity
- 0.03
- Debt ₹6.00 Cr
- EPS (TTM)
- ₹9.54
- OPM (TTM)
- 11.4%
- Net margin 18.2%
- Sales growth
- −40.9%
- Latest quarter vs a year ago
- Profit growth
- −25.9%
- Latest quarter vs a year ago
- Price to sales
- 5.94
- EV/EBITDA 32.4
Strengths and risks
Strengths
- Practically debt-free.
Risks to check
- Return on equity is low at 6.4%.
- Quarterly profit down 25.9% on a year ago.
- Quarterly sales down 40.9% on a year ago.
- Net profit is above operating profit, so a one-off gain is likely flattering earnings.
- 33% below its 52-week high.
About Forbes & Company
Forbes & Company Limited, together with its subsidiaries, engages in the real estate development activities in India and internationally. It operates through Coding and Industrial Automation and Real Estate segments. The Coding and Industrial Automation segment manufactures and trades in conventional and automation marking system and industrial automation business. The Real Estate segment rents, invests, and develops real estate projects and properties.…
- Headquarters
- Mumbai
- Employees
- 90
- Sector
- Consumer Cyclical
- ISIN
- INE518A01013
- Website
- forbes.co.in
Price range
- Avg volume (3M)
- 16.6K
- 1-year return
- minus 20.0%
- From 52-week high
- minus 33.3%
Peers · Furnishings, Fixtures & Appliances
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| VOLTASVoltas | 1,099.00 | minus 1.47% | 36,364 | 77.8 | 5.39 | 9.3% | 5.8% | 4.9% | 14.5% | 40.7% | 0.36% | minus 17.9% |
| AMBERAmber Enterprises India | 6,403.00 | minus 2.76% | 22,582 | 236.1 | 5.15 | 7.2% | 5.3% | 7.2% | 20.7% | 4.2% | 0.00% | minus 15.5% |
| CROMPTONCrompton Greaves Consumer Electricals | 215.66 | plus 4.42% | 13,887 | – | 4.59 | −1.5% | −4.4% | 10.3% | 5.6% | – | 1.39% | minus 27.1% |
| WHIRLPOOLWhirlpool of India | 826.70 | plus 0.44% | 10,493 | 41.8 | 2.52 | 9.0% | 7.2% | 6.2% | 6.4% | 10.3% | 0.60% | minus 40.1% |
| TTKPRESTIGTTK Prestige | 608.75 | plus 10.47% | 8,338 | 43.1 | 4.21 | 10.8% | 8.3% | 8.8% | 2.3% | −14.2% | 1.23% | minus 17.6% |
| CELLOCello World | 363.75 | minus 2.27% | 8,204 | 26.4 | 2.91 | 16.1% | 13.0% | 19.9% | 9.2% | 7.6% | 0.41% | minus 41.6% |
| EUREKAFORBEureka Forbes | 366.20 | plus 4.27% | 7,092 | 37.1 | 1.54 | 4.0% | 3.6% | 11.5% | 9.0% | 83.1% | 0.00% | minus 35.1% |
| FORBESCOForbes & Company | 308.45 | plus 3.82% | 398 | 32.3 | 1.97 | 8.6% | 6.4% | 15.0% | 18.0% | −58.8% | 0.00% | minus 20.0% |
| Median of 7 peers | – | 0.44% | 10,493 | 42.5 | 4.21 | 9.0% | 5.8% | 8.8% | 9.0% | 8.9% | 0.41% | −27.1% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 22.5 | 18.7 | 17.8 | 17.2 | 13.3 | |
| 21.3 | 15.8 | 14.8 | 16.6 | 12.1 | |
| 1.2 | 2.9 | 3 | 0.6 | 1.1 | |
| 5.1% | 15.3% | 17.0% | 3.4% | 8.4% | |
| 5.3 | 6.2 | 2.6 | 0 | 3.7 | |
| 0.2 | 0.2 | 0.2 | 0.2 | 0.1 | |
| 0.6 | 0.6 | 0.5 | 1.3 | 0.5 | |
| 5.8 | 8.4 | 4.9 | −0.9 | 4.1 | |
| 15.6% | 24.5% | 14.3% | −131.8% | 12.2% | |
| 4.9 | 6.3 | 4.2 | −2 | 3.6 | |
| 3.82 | 4.97 | 3.29 | -1.55 | 2.83 |
Profit & loss
- Sales CAGR 3Y
- +18.0%
- Profit CAGR 3Y
- −58.8%
- EPS CAGR 3Y
- −58.8%
- ROE
- 6.4%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 46.3 | 125 | 198 | 76 | |
| – | +169.1% | +59.2% | minus 61.7% | |
| 51.8 | 113 | 169 | 65.2 | |
| −5.5 | 11.8 | 29.3 | 10.9 | |
| −11.8% | 9.5% | 14.8% | 14.3% | |
| 4.1 | 0.6 | 1.3 | 3.6 | |
| 8.6 | 1.1 | 0.5 | 0.6 | |
| 27.8 | 5.5 | 1.6 | 2.9 | |
| 223 | 15.9 | 11.7 | 7.3 | |
| 186 | 21.8 | 40.2 | 18.2 | |
| 3.5% | 11.0% | 28.1% | 26.2% | |
| 192 | −4.5 | 123 | 13.4 | |
| – | minus 102.3% | – | minus 89.1% | |
| 150.77 | -3.50 | 96.42 | 10.53 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 12.9 | 12.9 | 12.9 | 12.9 | |
| 212 | 127 | 207 | 186 | |
| 8.8 | 5 | 5.1 | 6 | |
| 467 | 275 | 80.2 | 49.2 | |
| 701 | 421 | 305 | 255 | |
| 6.8 | 6.1 | 7.3 | 9.2 | |
| 1.8 | – | 0.2 | 0.6 | |
| 107 | 114 | 145 | 106 | |
| 64.8 | 67.5 | 55 | 54.3 | |
| 521 | 233 | 97.2 | 84.3 | |
| 701 | 421 | 305 | 255 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 54.6 | −20.1 | −11.2 | −6.1 | |
| 216 | 7.8 | 6.5 | 0.3 | |
| −243 | −6.5 | −0.7 | −1.4 | |
| 27.7 | −18.7 | −5.4 | −7.2 | |
| −15.2 | −0.5 | −2 | −2.1 | |
| 39.4 | −20.6 | −13.2 | −8.2 | |
| −82.4 | −0 | −0.1 | −0.1 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders. Institutions hold about 2.5% (Yahoo estimate).
Major shareholders
Filings & events
News
No recent news coverage found.