Forcas Studio

  • Market Cap: Micro Cap
  • Industry: Garments & Apparels
  • ISIN: INE0U2501017
  • NSEID: FORCAS
  • BSEID:
INR
122.10
-1.9 (-1.53%)
BSENSE

Dec 05

BSE+NSE Vol: 6400

  • Price Points
  • Score
  • Mojo Parameters
  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-summaryPrice Point
High/Low

1Day

52 Week

Valuation
Technical
Day's Volume

CASH

6.4 k (-88.89%) Volume

Shareholding (Sep 2025)

FII

0.00%

Held by 0 FIIs

DII

0.08%

Held by 0 DIIs

Promoter

60.30%

Who are the top shareholders of the Forcas Studio?

06-Jun-2025

The top shareholder of Forcas Studio is Sailesh Agarwal, holding 54.27% of the shares. Promoters own the majority, with individual investors holding 31.05%, and the highest public shareholder is Rachna Suman Shaw at 1.42%.

The top shareholders of Forcas Studio include Sailesh Agarwal, who holds the largest share at 54.27%. The majority of the company's shares are held by promoters, with no pledged promoter holdings reported. Additionally, there is one foreign institutional investor (FII) that holds 0.5% of the shares. The highest public shareholder is Rachna Suman Shaw, with a holding of 1.42%. Individual investors collectively own 31.05% of the company.

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What does Forcas Studio do?

06-Jun-2025

Forcas Studio Ltd is a Micro Cap company in the Garments & Apparels industry, established in 2010 and converted to a Private Limited Company in 2024. It currently has no reported sales or profits, with a market cap of Rs 188 Cr and key metrics including a P/E of 22.00 and a debt-equity ratio of 1.49.

Overview: <BR>Forcas Studio Ltd operates in the Garments & Apparels industry and is categorized as a Micro Cap company.<BR><BR>History: <BR>Forcas Studio Ltd was initially established as a Partnership Firm under the name 'M/s. Forcas Apparels' in 2010. It was converted into a Private Limited Company, named 'Forcas Studio Private Limited', with a certificate issued on January 12, 2024. There is no sales or profit data reported for the latest quarter.<BR><BR>Financial Snapshot: <BR>Most recent Net Sales: N/A <BR>Most recent Net Profit: N/A <BR>Market-cap value: Rs 188 Cr (Micro Cap)<BR><BR>Key Metrics: <BR>P/E: 22.00 <BR>Industry P/E: 82 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: 1.49 <BR>Return on Equity: 45.37% <BR>Price-to-Book: 9.89 <BR><BR>Contact Details: <BR>Address: Not available <BR>Phone: N/A <BR>Email: N/A <BR>Website: N/A

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When is the next results date for Forcas Studio?

06-Jun-2025

No Upcoming Board Meetings

Has Forcas Studio declared dividend?

06-Jun-2025

No Dividend History Available

Who are the peers of the Forcas Studio?

04-Jun-2025

Forcas Studio's peers include Trent, Page Industries, K P R Mill Ltd, Vedant Fashions, Trident, Vandana Knitwear, Winsome Textile, Shahlon Silk, C P S Shapers, and Veekayem Fash. Management risk varies from excellent to below average among these peers, with Vandana Knitwear showing the highest 1-year return at 345.45%, while Forcas Studio's return is 0.00%.

Peers: The peers of Forcas Studio are Trent, Page Industries, K P R Mill Ltd, Vedant Fashions, Trident, Vandana Knitwear, Winsome Textile, Shahlon Silk, C P S Shapers, and Veekayem Fash.<BR><BR>Quality Snapshot: Excellent management risk is observed at Page Industries, K P R Mill Ltd, and Vedant Fashions, while Good management risk is found at Trent and Winsome Textile. Average management risk is noted at Trident, Shahlon Silk, and C P S Shapers, whereas Below Average management risk is present at Vandana Knitwear and Veekayem Fash. In terms of Growth, Excellent growth is seen at K P R Mill Ltd, while Good growth is observed at Trent and Veekayem Fash. Below Average growth is reported for Page Industries, Vedant Fashions, Trident, Vandana Knitwear, Winsome Textile, Shahlon Silk, and C P S Shapers, and the rest. Capital Structure ratings show Excellent at Page Industries, K P R Mill Ltd, and Vedant Fashions, Good at Trent, and Below Average at Vandana Knitwear, Winsome Textile, Shahlon Silk, C P S Shapers, and Veekayem Fash.<BR><BR>Return Snapshot: Vandana Knitwear has the highest 1-year return at 345.45%, while Vedant Fashions has the lowest at -24.57%. Forcas Studio's 1-year return is 0.00%, which is lower than both of these peers. Additionally, the six-month returns for Vedant Fashions, Trident, and Vandana Knitwear are negative.

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What is the technical trend for Forcas Studio?

09-Jun-2025

As of May 14, 2025, Forcas Studio's technical trend has shifted to mildly bullish, supported by positive indicators like the weekly MACD, Bollinger Bands, and On-Balance Volume.

As of 14 May 2025, the technical trend for Forcas Studio has changed from sideways to mildly bullish. The weekly MACD is bullish, and Bollinger Bands are also indicating a bullish stance. Dow Theory supports this with a mildly bullish outlook on both weekly and monthly time frames. The On-Balance Volume (OBV) is showing a mildly bullish trend as well. Overall, the current technical stance is mildly bullish, supported by positive momentum indicators and price action.

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How big is Forcas Studio?

24-Jul-2025

As of 24th July, Forcas Studio Ltd has a market capitalization of 193.00 Cr, classifying it as a Micro Cap company, with no valid financial data available for Net Sales or Net Profit for the latest four quarters. The balance sheet as of February 2024 shows Shareholder's Funds of 19.02 Cr and Total Assets of 58.75 Cr.

As of 24th July, <BR><BR>Market Cap: Forcas Studio Ltd has a market capitalization of 193.00 Cr, categorizing it as a Micro Cap company.<BR><BR>Recent Quarterly Performance: There is no valid financial data available for Net Sales or Net Profit for the latest four quarters.<BR><BR>Balance Sheet Snapshot: The reporting period is February 2024, with Shareholder's Funds amounting to 19.02 Cr and Total Assets valued at 58.75 Cr.

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How has been the historical performance of Forcas Studio?

15-Nov-2025

Forcas Studio experienced significant growth from March 2024 to March 2025, with net sales rising from 112.37 Cr to 142.24 Cr and profit after tax increasing from 5.04 Cr to 8.63 Cr, despite rising raw material costs and negative cash flow from operations. Total assets and liabilities both grew to 90.88 Cr, reflecting overall robust financial performance.

Answer:<BR>The historical performance of Forcas Studio shows significant growth in various financial metrics from March 2024 to March 2025.<BR><BR>Breakdown:<BR>Forcas Studio's net sales increased from 112.37 Cr in March 2024 to 142.24 Cr in March 2025, contributing to a total operating income rise from 112.37 Cr to 142.24 Cr. However, raw material costs surged from 72.70 Cr to 115.34 Cr, while the company experienced a decrease in stock levels, resulting in an operating profit (PBDIT) growth from 10.21 Cr to 13.43 Cr. The profit before tax also saw an increase from 6.77 Cr to 11.65 Cr, leading to a profit after tax rise from 5.04 Cr to 8.63 Cr. Earnings per share improved from 3.91 to 4.91, reflecting a positive trend in profitability. On the balance sheet, total assets grew from 65.82 Cr to 90.88 Cr, with total liabilities increasing from 65.82 Cr to 90.88 Cr as well. The company's cash flow from operating activities showed a negative trend, moving from -39.00 Cr to -10.00 Cr, but cash flow from financing activities improved significantly from 49.00 Cr to 13.00 Cr, resulting in a net cash inflow of 8.00 Cr by March 2025. Overall, Forcas Studio demonstrated robust growth in sales and profitability, despite challenges in managing costs and cash flow.

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Is Forcas Studio overvalued or undervalued?

19-Nov-2025

As of November 18, 2025, Forcas Studio is considered very expensive with a PE ratio of 27.40 and an EV to EBITDA of 20.11, despite a strong 1-year stock return of 36.9%, indicating it may be overvalued compared to peers like Page Industries and Jubilant Food.

As of 18 November 2025, the valuation grade for Forcas Studio has moved from attractive to very expensive. This indicates that the company is currently overvalued. Key ratios include a PE ratio of 27.40, an EV to EBITDA of 20.11, and a ROE of 12.43%. <BR><BR>In comparison to its peers, Forcas Studio's PE ratio is significantly lower than that of Page Industries at 57.65 and Jubilant Food at 123.74, both of which are categorized as very expensive and expensive, respectively. The company's performance has been strong recently, with a 1-year stock return of 36.9%, compared to a Sensex return of 10.47%, reinforcing the notion that the stock may be overvalued given its high valuation metrics.

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Why is Forcas Studio falling/rising?

05-Dec-2025

As of 04-Dec, Forcas Studio Ltd's stock price is at 124.00, down 1.0 (-0.8%), and has significantly underperformed the sector and the benchmark Sensex recently. Despite positive year-to-date and one-year returns, recent trends indicate a troubling decline in investor confidence and short-term weakness.

As of 04-Dec, Forcas Studio Ltd's stock price is currently at 124.00, reflecting a decrease of 1.0 (-0.8%). The stock has underperformed compared to the sector today by -0.73%. Over the past week, the stock has experienced a significant decline of -6.31%, while the benchmark Sensex has only decreased by -0.69%. This suggests that the stock is not only falling but doing so at a rate much higher than the overall market.<BR><BR>Additionally, the stock's performance over the last month shows a slight decline of -1.98%, contrasting with the Sensex's increase of +1.70%. Although the year-to-date performance is positive at +15.35%, and the one-year return is strong at +47.62%, the recent trends indicate a troubling shift. <BR><BR>Today's trading volume also reflects a concerning trend, with a delivery volume of 4.8k on December 3rd, which has plummeted by -93.88% compared to the 5-day average. This drop in investor participation suggests a lack of confidence among traders, contributing to the stock's downward movement. <BR><BR>While the stock remains above its 50-day, 100-day, and 200-day moving averages, it is currently below its 5-day and 20-day moving averages, indicating a short-term weakness. Overall, the combination of underperformance against the sector, declining investor participation, and recent negative price movements are key factors contributing to the falling stock price of Forcas Studio Ltd.

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Unrated Stock - No Analysis Available
stock-summaryMojo Parameters
Mojo Parameters
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Stock DNA
stock-summary
Industry

Garments & Apparels

stock-summary
Market cap

INR 218 Cr (Micro Cap)

stock-summary
P/E

25.00

stock-summary
Industry P/E

55

stock-summary
Dividend Yield

0.00%

stock-summary
Debt Equity

0.48

stock-summary
Return on Equity

12.43%

stock-summary
Price to Book

3.14

Revenue and Profits:
Net Sales:
(Quarterly Results - )
Net Profit:
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
Dividend Yield (0%)
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
19.47%
0%
19.47%
6 Months
14.11%
0%
14.11%
1 Year
51.3%
0%
51.3%
2 Years
0%
0%
0.0%
3 Years
0%
0%
0.0%
4 Years
0%
0%
0.0%
5 Years
0%
0%
0.0%

Forcas Studio for the last several years.

Risk Adjusted Returns v/s stock-summary
Returns Beta
Icon
Beta has not been calculated since enough price history is not available
stock-summaryNews & Corporate Actions
News
Announcements stock-summary
Icon
No announcement available
Corporate Actions stock-summary
stock-summary
BOARD MEETING

No Upcoming Board Meetings

stock-summary
DIVIDEND

No Dividend history available

stock-summary
SPLITS

No Splits history available

stock-summary
BONUS

No Bonus history available

stock-summary
RIGHTS

No Rights history available

stock-summaryKey Factors
Quality key factors stock-summary
Factor
Value
Sales Growth (5y)
26.60%
EBIT Growth (5y)
31.66%
EBIT to Interest (avg)
4.22
Debt to EBITDA (avg)
2.25
Net Debt to Equity (avg)
0.08
Sales to Capital Employed (avg)
1.78
Tax Ratio
25.92%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
0.08%
ROCE (avg)
16.92%
ROE (avg)
19.39%
Valuation key factors
Factor
Value
P/E Ratio
25
Industry P/E
0
Price to Book Value
3.14
EV to EBIT
19.21
EV to EBITDA
18.74
EV to Capital Employed
2.44
EV to Sales
1.77
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
12.71%
ROE (Latest)
12.43%
Technicals key factors
Indicator
Weekly
Monthly
MACD
Bullish
RSI
No Signal
No Signal
Bollinger Bands
Mildly Bullish
Moving Averages
Bullish (Daily)
KST
Bullish
Dow Theory
Mildly Bearish
No Trend
OBV
Mildly Bearish
Mildly Bullish
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshot : Sep 2025stock-summary
Shareholding Compare (%holding) stock-summary
Majority shareholders

Promoters

Pledged Promoter Holdings

None

Mutual Funds

Held by 0 Schemes

FIIs

Held by 0 FIIs

Promoter with highest holding

Sailesh Agarwal (54.27%)

Highest Public shareholder

Atul Khemka (3.15%)

Individual Investors Holdings

30.2%

stock-summaryFinancial
[
  {
    "link": "quarterly",
    "btn_text": "All Quarterly Results",
    "alert": "No Quarterly Results declared by Forcas Studio"
  },
  {
    "link": "half-yearly",
    "btn_text": "All Half Yearly Results",
    "header": "Half Yearly Results Snapshot (Standalone) - Sep'25",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": " Growth in half year ended Sep 2025 is -3.44% vs 55.89% in Mar 2025",
        "dir": -1
      },
      {
        "prefix": "Standalone Net Profit ",
        "suffix": " Growth in half year ended Sep 2025 is 1.57% vs 96.56% in Mar 2025",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Sep'25",
        "Mar'25",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "83.68",
          "val2": "86.66",
          "chgp": "-3.44%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "8.87",
          "val2": "8.28",
          "chgp": "7.13%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "0.92",
          "val2": "0.67",
          "chgp": "37.31%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Standalone Net Profit",
          "val1": "5.81",
          "val2": "5.72",
          "chgp": "1.57%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "10.60%",
          "val2": "9.55%",
          "chgp": "1.05%",
          "chgp_class": "positive"
        }
      ]
    }
  },
  {
    "link": "nine-monthly",
    "btn_text": "All Nine Monthly Results",
    "alert": "No Nine Monthly Results declared by Forcas Studio"
  },
  {
    "link": "annual",
    "btn_text": "All Annual Results",
    "header": "Annual Results Snapshot (Standalone) - Mar'25",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "Not Applicable: The company has declared_date for only one period",
        "dir": 0
      },
      {
        "prefix": "Standalone Net Profit ",
        "suffix": "Not Applicable: The company has declared_date for only one period",
        "dir": 0
      }
    ],
    "table": {
      "header": [
        "Mar'25",
        "Mar'24",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "142.24",
          "val2": "112.37",
          "chgp": "26.58%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "13.43",
          "val2": "10.21",
          "chgp": "31.54%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "2.25",
          "val2": "3.79",
          "chgp": "-40.63%",
          "chgp_class": "positive"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Standalone Net Profit",
          "val1": "8.63",
          "val2": "5.04",
          "chgp": "71.23%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "9.44%",
          "val2": "9.09%",
          "chgp": "0.35%",
          "chgp_class": "positive"
        }
      ]
    }
  }
]
Half Yearly Results Snapshot (Standalone) - Sep'25stock-summary
Sep'25
Mar'25
Change(%)
Net Sales
83.68
86.66
-3.44%
Operating Profit (PBDIT) excl Other Income
8.87
8.28
7.13%
Interest
0.92
0.67
37.31%
Exceptional Items
0.00
0.00
Standalone Net Profit
5.81
5.72
1.57%
Operating Profit Margin (Excl OI)
10.60%
9.55%
1.05%
Values in Rs Cr.
Direction Arrows
Net Sales

Growth in half year ended Sep 2025 is -3.44% vs 55.89% in Mar 2025

Direction Arrows
Standalone Net Profit

Growth in half year ended Sep 2025 is 1.57% vs 96.56% in Mar 2025

Annual Results Snapshot (Standalone) - Mar'25stock-summary
Mar'25
Mar'24
Change(%)
Net Sales
142.24
112.37
26.58%
Operating Profit (PBDIT) excl Other Income
13.43
10.21
31.54%
Interest
2.25
3.79
-40.63%
Exceptional Items
0.00
0.00
Standalone Net Profit
8.63
5.04
71.23%
Operating Profit Margin (Excl OI)
9.44%
9.09%
0.35%
Values in Rs Cr.
Net Sales

Not Applicable: The company has declared_date for only one period

Standalone Net Profit

Not Applicable: The company has declared_date for only one period

stock-summaryCompany CV
About Forcas Studio Ltd stock-summary
stock-summary
Forcas Studio Ltd
Micro Cap
Garments & Apparels
Forcas Studio Limited was initially established as a Partnership Firm under the name `M/s. Forcas Apparels' , founded by Sailesh Agarwal pursuant to a Deed of Partnership dated April 9, 2010. The Partnership Firm got converted into a Private Limited Company under the name and style of `Forcas Studio Private Limited' and a Certificate dated January 12, 2024 was issued by the Registrar of Companies, Central Registration Centre.
Company Coordinates stock-summary
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No Company Details Available