Forbes & Co

Why is Forbes & Company Ltd falling/rising?

As of 18-Jul, Forbes & Company Ltd's stock price has declined to Rs 284.00, reflecting a significant underperformance compared to the Sensex and concerning financial results, including a drop in net sales and profit. The stock is trading near its 52-week low, with declining investor interest and a high percentage of pledged promoter shares contributing to its bearish trend.

As of 18-Jul, Forbes & Company Ltd is experiencing a decline in its stock price, currently at Rs 284.00, which reflects a change of -4.95 (-1.71%). This downward movement can be attributed to several factors highlighted in the data. <BR><BR>Firstly, the stock has underperformed significantly compared to the benchmark Sensex, with a 1-week decline of -4.52% against a positive return of +0.75% for the Sensex. Over the past month, the stock has dropped by -10.75%, while the Sensex has gained +1.29%. Year-to-date, Forbes & Company Ltd has seen a decline of -12.28%, compared to a lesser drop of -8.30% in the Sensex. The long-term performance is also concerning, with a staggering -39.32% return over the past year, while the Sensex has only decreased by -4.99%.<BR><BR>The stock is trading close to its 52-week low, being just 1.32% away from Rs 280.25. It has also underperformed its sector by -1.55% today. Additionally, the company is trading below all its moving averages (5-day, 20-day, 50-day, 100-day, and 200-day), indicating a bearish trend.<BR><BR>Investor participation has declined, with a delivery volume of 709 on July 16, which is down by -25.26% compared to the 5-day average. This suggests a lack of interest from investors, further contributing to the stock's decline. <BR><BR>Financially, the company has reported very negative results, with net sales falling by -3.43% and a significant drop in profit after tax (PAT) of -112.6% compared to the previous quarter's average. The net sales for the latest quarter are at their lowest, and cash and cash equivalents have also reached a low point. The company has declared negative results for two consecutive quarters, which raises concerns about its financial health.<BR><BR>Moreover, the stock is considered very expensive with a price-to-book value of 1.8, and it has a high percentage of promoter shares pledged (98.25%). This situation can exert additional downward pressure on the stock price, especially in a falling market.<BR><BR>In summary, the combination of poor financial performance, declining investor participation, and unfavorable comparisons to market benchmarks are key reasons for the falling stock price of Forbes & Company Ltd.

Which are the latest news on Forbes & Co?

How big is Forbes & Co?

As of 10th June, Forbes & Company Ltd has a market capitalization of 413.00 Cr, classifying it as a Micro Cap company, with recent net sales of 76.14 Cr and a net profit of 13.41 Cr. The balance sheet for March 2025 shows shareholder's funds of 219.48 Cr and total assets of 301.47 Cr.

As of 10th June, Forbes & Company Ltd has a market capitalization of 413.00 Cr, which classifies it as a Micro Cap company.<BR><BR>In the latest four quarters, Forbes & Company Ltd reported Net Sales of 76.14 Cr and a Net Profit of 13.41 Cr.<BR><BR>The latest annual period for the balance sheet is March 2025, showing Shareholder's Funds of 219.48 Cr and Total Assets of 301.47 Cr.

Who are in the management team of Forbes & Co?

The management team of Forbes & Co includes Shapoor P Mistry (Chairman), Mahesh Tahilyani (Managing Director), and several independent directors: D Sivanandhan, Rani Ajit Jadhav, and Nikhil Bhatia, along with Rupa Khanna as Company Secretary.

The management team of Forbes & Co includes the following individuals:<BR><BR>1. **Shapoor P Mistry** - Chairman (Non-Executive)<BR>2. **D Sivanandhan** - Independent Director<BR>3. **Jai Laxmikant Mavani** - Director<BR>4. **Mahesh Tahilyani** - Managing Director<BR>5. **Rani Ajit Jadhav** - Independent Director<BR>6. **Nikhil Bhatia** - Independent Director<BR>7. **Rupa Khanna** - Company Secretary & Compliance Officer<BR><BR>If you need more specific information about any of these members or their roles, feel free to ask!

Who are the peers of the Forbes & Co?

Forbes & Co's peers include CWD, Elin Electronics, Maruti Interior, Singer India, Sharp India, Veto Switchgears, BPL, Arham Tech, and Parin Enterpris. Forbes & Co has good management risk and a 1-year return of -28.28%, while Maruti Interior leads with a 126.46% return.

Peers: The peers of Forbes & Co are CWD, Elin Electronics, Maruti Interior, Singer India, Sharp India, Veto Switchgears, BPL, Arham Tech, and Parin Enterpris.<BR><BR>Quality Snapshot: Excellent management risk is observed at CWD and Maruti Interior, while Average management risk is found at Elin Electronics, Singer India, Veto Switchgears, Arham Tech, and Parin Enterpris. Forbes & Co has a Good management risk. Growth is Excellent at CWD, Good at Arham Tech, and Below Average at Elin Electronics, Maruti Interior, Singer India, Forbes & Co, Veto Switchgears, BPL, and Parin Enterpris. Capital Structure is Excellent at Veto Switchgears, Good at CWD, Elin Electronics, Maruti Interior, Singer India, Forbes & Co, and BPL, while Average is seen at Arham Tech and Parin Enterpris.<BR><BR>Return Snapshot: Maruti Interior has the highest 1-year return at 126.46%, while Elin Electronics has the lowest at -44.18%. Forbes & Co's 1-year return is -28.28%, which is higher than Elin Electronics but lower than Maruti Interior. Additionally, the six-month returns are negative for Elin Electronics, BPL, and Forbes & Co.

What does Forbes & Co do?

Forbes & Company Ltd operates in the Electronics & Appliances industry, with a diversified portfolio including Engineering, Industrial Automation, and Real Estate. As of March 2026, it reported net sales of 17 Cr and a net loss of 2 Cr, with a market cap of INR 413 Cr.

Overview: <BR>Forbes & Company Ltd operates in the Electronics & Appliances industry as a micro-cap company with a diversified portfolio that includes Engineering, Industrial Automation, Consumer Durables, Chemical Tankers, and Real Estate.<BR><BR>History: <BR>Forbes & Company Ltd, formerly known as Forbes Gokak Ltd, is one of the oldest companies still in existence. The latest quarterly results reported net sales and profit for the period ending March 2026.<BR><BR>Financial Snapshot: <BR>Most recent Net Sales: 17 Cr (Quarterly Results - Mar 2026) <BR>Most recent Net Profit: -2 Cr (Quarterly Results - Mar 2026) <BR>Market-cap value: INR 413 Cr (Micro Cap)<BR><BR>Key Metrics: <BR>P/E: 31.00 <BR>Industry P/E: 37 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: -0.28 <BR>Return on Equity: 6.73% <BR>Price to Book: 2.07<BR><BR>Contact Details: <BR>Address: Forbes Building, Charanjit Rai Marg Fort Mumbai Maharashtra : 400001 <BR>Tel: 91-22-61358900 <BR>Email: investor.relations@forbes.co.in <BR>Website: http://www.forbes.co.in

Are Forbes & Company Ltd latest results good or bad?

Forbes & Company Ltd's latest Q4 FY26 results are concerning, showing a consolidated net loss of ₹1.97 crores and a significant decline in net sales by 80.62% year-on-year, indicating serious operational challenges and a negative profitability trend.

Forbes & Company Ltd's latest results for Q4 FY26 indicate a challenging financial situation. The company reported a consolidated net loss of ₹1.97 crores, a significant decline of 147.02% compared to the previous quarter. This marks a stark reversal from profitability, as the company had a profit of ₹4.19 crores in Q3 FY26. <BR><BR>Net sales also fell to ₹17.19 crores, which is a decrease of 3.43% from the previous quarter and a dramatic 80.62% decline year-on-year. This represents the lowest quarterly revenue in recent history, raising concerns about demand sustainability across its various business segments.<BR><BR>While the operating margin (excluding other income) showed some resilience at 17.74%, this is overshadowed by the overall decline in revenue and the negative profitability trend. The company's PAT margin turned negative at -11.46%, down from +23.54% in the previous quarter.<BR><BR>Overall, the results reflect a company in distress, facing significant operational challenges and a deteriorating financial trajectory. The combination of collapsing revenues, negative profitability, and high promoter share pledging creates a concerning outlook for existing shareholders and potential investors.

Should I buy, sell or hold Forbes & Company Ltd?

When is the next results date for Forbes & Company Ltd?

The next results date for Forbes & Company Ltd is 14 May 2026.

The next results date for Forbes & Company Ltd is scheduled for 14 May 2026.

Is Forbes & Co overvalued or undervalued?

As of December 4, 2025, Forbes & Co is fairly valued with a PE ratio of 6.59 and has underperformed with a 25.97% decline year-to-date, despite strong operational efficiency indicated by a 29.61% ROE and 11.95% ROCE.

As of 4 December 2025, Forbes & Co has moved from an attractive to a fair valuation grade. The company is currently fairly valued, with a PE ratio of 6.59, an EV to EBITDA of 17.64, and a PEG ratio of 0.03. In comparison to its peers, Thermax is considered expensive with a PE ratio of 57.65, while BEML Ltd also appears expensive with a PE of 49.7, highlighting Forbes & Co's relative valuation attractiveness within its industry.<BR><BR>Despite the fair valuation, Forbes & Co has experienced a year-to-date decline of 25.97%, contrasting with the Sensex's gain of 9.12% over the same period. This underperformance may suggest potential headwinds for the company, but its solid ROE of 29.61% and ROCE of 11.95% indicate operational efficiency that could support future growth.

How has been the historical performance of Forbes & Co?

Forbes & Co has experienced significant declines in net sales and profitability, with net sales dropping from 2,856.79 Cr in Mar'21 to 199.36 Cr in Mar'25, and operating profit falling from 269.35 Cr to 43.17 Cr in the same period, reflecting ongoing financial challenges. Total liabilities and assets also decreased substantially, and cash flow from operations turned negative in Mar'25.

Answer:<BR>The historical performance of Forbes & Co shows significant fluctuations in key financial metrics over the years.<BR><BR>Breakdown:<BR>Forbes & Co's net sales have seen a dramatic decline from 2,856.79 Cr in Mar'21 to 199.36 Cr in Mar'25, with a notable drop in Mar'23 to 252.12 Cr. Total operating income followed a similar trend, decreasing from 2,856.79 Cr in Mar'21 to 199.36 Cr in Mar'25. The company faced substantial operating losses, with operating profit (PBDIT) dropping to 43.17 Cr in Mar'25 from a high of 269.35 Cr in Mar'21. Profit before tax also fluctuated significantly, reaching a peak of 205.34 Cr in Mar'23 before falling to 40.56 Cr in Mar'25. The profit after tax mirrored this trend, with a decrease from 196.22 Cr in Mar'23 to 29.25 Cr in Mar'25. The company's total liabilities decreased from 2,669.95 Cr in Mar'20 to 301.47 Cr in Mar'25, while total assets also declined from 2,669.95 Cr to 301.47 Cr over the same period. Cash flow from operating activities turned negative in Mar'25 at -11.00 Cr, reflecting ongoing challenges in generating cash from core operations. Overall, Forbes & Co's financial performance indicates a significant contraction in both revenue and profitability over the past few years.

Is Forbes & Co technically bullish or bearish?

As of September 18, 2025, Forbes & Co is in a mildly bearish trend, indicated by bearish signals from the MACD, Bollinger Bands, and KST across weekly and monthly time frames, despite some daily moving averages showing mild bullishness.

As of 18 September 2025, the technical trend for Forbes & Co has changed from sideways to mildly bearish. The current technical stance is mildly bearish, driven by several key indicators. The MACD is showing a mildly bearish signal on both the weekly and monthly time frames. Bollinger Bands are also indicating a bearish trend on both weekly and monthly charts. The KST aligns with this view, being mildly bearish on the weekly and monthly time frames. Although the daily moving averages are mildly bullish, they are not strong enough to counter the overall bearish sentiment reflected in the other indicators. The Dow Theory supports a mildly bearish stance on the weekly chart, while the monthly shows no trend. Overall, the combination of these indicators suggests a cautious outlook for Forbes & Co in the near term.

Who are the top shareholders of the Forbes & Co?

The top shareholders of Forbes & Co include Shapoorji Pallonji And Company Private Limited with 72.56%, seven foreign institutional investors holding 8.24%, and Elysian Wealth Fund as the largest public shareholder at 4.95%, while individual investors collectively own 13.04%.

The top shareholders of Forbes & Co include the promoters, who hold a significant majority of the shares. The largest promoter is Shapoorji Pallonji And Company Private Limited, with a holding of 72.56%. Additionally, there are seven foreign institutional investors (FIIs) that collectively hold 8.24% of the shares. The highest public shareholder is Elysian Wealth Fund, which holds 4.95%. Individual investors also have a stake, representing 13.04% of the total holdings.

Has Forbes & Co declared dividend?

Forbes & Company Ltd has declared a 650% dividend, amounting to 65 per share, with an ex-date of August 24, 2022. Despite this declaration, the dividend yield is 0%, and total returns have varied significantly over different periods, showing strong growth over the long term.

Forbes & Company Ltd has declared a 650% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 650%<BR>- Amount per share: 65<BR>- Ex-date: 24 Aug 22<BR><BR>Dividend Yield: 0%<BR><BR>Total Returns by Period:<BR>In the last 6 months, the price return was -13.18%, the dividend return was 0%, resulting in a total return of -13.18%.<BR><BR>Over the past year, the price return was -36.1%, with a dividend return of 0%, leading to a total return of -36.1%.<BR><BR>In the 2-year period, the price return was 68.28%, the dividend return remained at 0%, culminating in a total return of 68.28%.<BR><BR>For the 3-year period, the price return was 170.13%, the dividend return was 42.68%, resulting in a total return of 212.81%.<BR><BR>In the last 4 years, the price return was 603.54%, the dividend return was 96.65%, leading to a total return of 700.19%.<BR><BR>Over the past 5 years, the price return was 1303.34%, with a dividend return of 212.70%, resulting in a total return of 1516.04%.<BR><BR>Overall, while Forbes & Company Ltd has declared a significant dividend, the dividend yield remains at 0%. The total returns show a strong performance over longer periods, particularly in the last 4 and 5 years, indicating substantial growth despite recent declines in shorter time frames.