{
  "main_header": {
    "sid": 793138,
    "name": "Forbes & Co",
    "stock_name": "Forbes & Co",
    "full_name": "Forbes & Company Ltd",
    "name_url": "stocks-analysis/forbes-co",
    "exchange": 0,
    "exchangecode": "",
    "country_id": 34,
    "currency": "INR",
    "cmp": "341.90",
    "chg": 2.55,
    "chgp": "0.75%",
    "dir": 1,
    "prev_price": "339.35",
    "mcapval": "446.00 Cr",
    "mcap": "Micro Cap",
    "scripcode": 502865,
    "symbol": "",
    "ind_name": "Electronics & Appliances",
    "ind_code": 20,
    "indexname": "",
    "isin": "INE518A01013",
    "curr_date": "Dec 05",
    "curr_time": "",
    "bse_nse_vol": "291 ",
    "exc_status": "Active",
    "traded_date": "Dec 05, 2025",
    "traded_date_str": "2025 12 05",
    "score": "",
    "scoreText": "",
    "Live": 0,
    "market_time": 0,
    "is_blur": 1,
    "is_blur_class": "blur-registerF-score-header",
    "is_blur_url": "https://www.marketsmojo.com/mojofeed/register?redirect=/stocks-analysis/forbes-co-793138-0&utm_source=Spage_Header_Score",
    "mojoone": {
      "ismore": 0
    }
  },
  "news": {
    "results": [
      {
        "title": "Is Forbes & Co overvalued or undervalued?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/is-forbes-co-overvalued-or-undervalued-3747678",
        "imagepath": "",
        "date": "2025-12-05 08:28:45",
        "description": "    <div class=\"article-news-new\">\n        <div class=\"article-container\">\n\n<div class=\"article-content\">\n\n<p><strong>Valuation Metrics in Focus</strong></p>\n<p>At a price-to-earnings (PE) ratio of approximately 6.6, Forbes &amp; Co trades at a substantial discount compared to many of its industry peers, some of which exhibit PE ratios exceeding 20 or even 50. This low PE ratio suggests that the market currently prices the company conservatively relative to its earnings. The price-to-book value stands at 1.95, indicating that the stock is trading just under twice its net asset value, which is reasonable for a company in the electronics and appliances sector.</p>\n<p>Enterprise value multiples such as EV to EBIT and EV to EBITDA are 19.4 and 17.6 respectively, which are higher than some peers but still moderate given the company’s operational efficiency. The EV to sales ratio of 2.26 and EV to capital employe..."
      },
      {
        "title": "Forbes & Co Sees Revision in Market Evaluation Amidst Challenging Financial Trends",
        "link": "https://www.marketsmojo.com/news/stock-recommendation/forbes-co-downgraded-to-sell-by-marketsmojo-amid-weak-financials-and-bearish-technicals-3741348",
        "imagepath": "https://i.marketsmojo.com/newsimg/2025/12/ForbesCo_mojoScore_3741348.png",
        "date": "2025-12-02 10:09:05",
        "description": "Forbes & Co, a microcap player in the Electronics & Appliances sector, has experienced a revision in its market evaluation reflecting recent shifts in its financial and technical outlook. The company’s performance metrics and market behaviour have prompted a reassessment of its standing among investors, highlighting ongoing challenges in both operational results and stock momentum."
      },
      {
        "title": "Why is Forbes & Co falling/rising?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/why-is-forbes-co-fallingrising-3722127",
        "imagepath": "",
        "date": "2025-11-22 01:06:46",
        "description": "    <div class=\"article-news-new\">\n        <div class=\"article-container\">\n\n<div class=\"article-content\">\n\n<p><strong>Recent Price Performance and Market Context</strong></p>\n<p>Forbes &amp; Co has been underperforming significantly against the benchmark Sensex over multiple time frames. In the past week, the stock has declined by 6.23%, while the Sensex gained 0.79%. Over the last month, the stock fell 5.74% compared to the Sensex’s 0.95% rise. Year-to-date, the divergence is even more pronounced, with Forbes &amp; Co down 26.15% against the Sensex’s 9.08% gain. The one-year performance further highlights this trend, with the stock down 33.90% while the Sensex advanced 10.47%. Although the stock has delivered strong returns over five years, appreciating 686.82%, this recent weakness signals a challenging phase for investors.</p>\n<p><strong>Technical Indicators and Trading Activity</strong></p>\n<p>On 21-Nov..."
      },
      {
        "title": "Forbes & Company Forms Death Cross, Signalling Potential Bearish Trend",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/forbes-company-forms-death-cross-signalling-potential-bearish-trend-3721619",
        "imagepath": "https://i.marketsmojo.com/newsimg/2025/11/ForbesCompany_dealthcross_3721619.png",
        "date": "2025-11-21 18:01:03",
        "description": "Forbes & Company, a player in the Electronics & Appliances sector, has recently formed a Death Cross, a technical pattern where the 50-day moving average crosses below the 200-day moving average. This development often signals a shift towards a bearish trend and suggests a weakening momentum in the stock’s price trajectory."
      },
      {
        "title": "How has been the historical performance of Forbes & Co?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/how-has-been-the-historical-performance-of-forbes-co-3683534",
        "imagepath": "",
        "date": "2025-11-09 22:41:17",
        "description": "Answer:\nThe historical performance of Forbes & Co shows significant fluctuations in key financial metrics over the years.\n\nBreakdown:\nForbes & 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...."
      },
      {
        "title": "Are Forbes & Co latest results good or bad?",
        "link": "https://www.marketsmojo.com/news/result-analysis/are-forbes-co-latest-results-good-or-bad-3682443",
        "imagepath": "",
        "date": "2025-11-08 19:19:51",
        "description": "Forbes & Company's latest financial results for Q2 FY26 present a complex picture characterized by significant operational challenges despite some headline profitability metrics. The company reported consolidated net sales of ₹18.70 crores, marking a substantial year-on-year decline of 46.05% and a quarter-on-quarter decrease of 16.70%. This represents the lowest quarterly revenue figure in the available dataset, indicating potential issues with market share, product portfolio, or overall demand across its engineering, industrial automation, and consumer durables segments.\n\nIn contrast, the consolidated net profit for the same quarter was ₹6.33 crores, reflecting a year-on-year increase of 23.15% and a sequential rise of 30.25%. However, this profit growth is heavily influenced by other income, which accounted for 68.50% of the profit before tax, raising concerns about the sustainability and quality of earn..."
      },
      {
        "title": "Forbes & Company Q2 FY26: Revenue Slump Masks Profit Surge Driven by Non-Operating Income",
        "link": "https://www.marketsmojo.com/news/result-analysis/forbes-company-q2-fy26-revenue-slump-masks-profit-surge-driven-by-non-operating-income-3680611",
        "imagepath": "https://i.marketsmojo.com/newsimg/2025/11/ForbesCompany_quaterlyResult_3680611.png",
        "date": "2025-11-07 20:03:35",
        "description": "Forbes & Company Ltd., the diversified engineering and consumer durables company under the Shapoorji Pallonji Group umbrella, delivered a paradoxical performance in Q2 FY26, with consolidated net profit climbing 23.15% year-on-year to ₹6.33 crores despite net sales plummeting 46.05% to ₹18.70 crores. The micro-cap company, valued at ₹484 crores, has seen its stock price decline 40.01% over the past year, currently trading at ₹375.00, reflecting investor concerns about the sustainability of earnings driven predominantly by non-operating income rather than core business performance."
      },
      {
        "title": "Is Forbes & Co overvalued or undervalued?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/is-forbes-co-overvalued-or-undervalued-3608807",
        "imagepath": "",
        "date": "2025-10-10 08:04:52",
        "description": "As of 9 October 2025, Forbes & Co has moved from a very attractive to a fair valuation grade. The company is currently considered undervalued based on its financial metrics. The PE ratio stands at 7.09, while the EV to EBITDA ratio is 18.08, and the PEG ratio is remarkably low at 0.01, indicating strong growth potential relative to its price.\n\nWhen compared to peers, Forbes & Co's valuation appears favorable. For instance, Thermax has a PE ratio of 56.36 and an EV to EBITDA of 37.12, while BEML Ltd shows even higher multiples at 60.85 for PE and 36.35 for EV to EBITDA. These comparisons highlight that Forbes & Co is trading at a significant discount relative to its industry peers. Additionally, the company's stock has underperformed against the Sensex over the past year, with a return of -45.36% compared to the Sensex's 0.87%, reinforcing the notion that it may be undervalued at its current price of 368.85...."
      },
      {
        "title": "Is Forbes & Co overvalued or undervalued?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/is-forbes-co-overvalued-or-undervalued-3605605",
        "imagepath": "",
        "date": "2025-10-09 08:04:57",
        "description": "As of 8 October 2025, Forbes & Co has moved from a fair to a very attractive valuation grade. The company is currently undervalued, with a PE ratio of 6.93, a Price to Book Value of 2.12, and a PEG Ratio of 0.01, indicating significant potential for growth relative to its price. In comparison, peers such as Thermax and BEML Ltd are considered expensive, with PE ratios of 56.15 and 59.51, respectively, highlighting Forbes & Co's favorable positioning in the market.\n\nWith a Return on Capital Employed (ROCE) of 15.52% and a Return on Equity (ROE) of 30.76%, Forbes & Co demonstrates strong profitability metrics that further support its undervaluation. Despite recent stock performance trailing behind the Sensex, particularly with a year-to-date decline of 23.26% compared to the Sensex's 4.65% gain, the company's fundamentals suggest it is well-positioned for recovery and growth...."
      }
    ],
    "total": 163,
    "sid": "793138",
    "stock_news_url": "https://www.marketsmojo.com/news/forbes-company-793138"
  },
  "announcements": [
    {
      "caption": "Unaudited Standalone And Consolidated Financial Results For The Quarter And Half Year Ended September 30 2025",
      "datetime": "07-Nov-2025",
      "details": "Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended September 30 2025",
      "source": "BSE"
    },
    {
      "caption": "Board Meeting Outcome for Outcome Of Board Meeting Dated November 07 2025",
      "datetime": "07-Nov-2025",
      "details": "Outcome of Board Meeting dated November 07 2025",
      "source": "BSE"
    },
    {
      "caption": "Board Meeting Intimation for Board Meeting Intimation For Approval Of Unaudited Standalone And Consolidated Financial Results For Quarter And Half Year Ended September 30 2025",
      "datetime": "31-Oct-2025",
      "details": "Forbes & Company Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 07/11/2025 inter alia to consider and approve Unaudited Standalone and Consolidated Financial Results for Quarter and Half year ended September 30 2025 along with the Limited Review Report by Statutory Auditors of the Company",
      "source": "BSE"
    }
  ],
  "corporate_actions": [
    {
      "img": "board-meeting.svg",
      "title": "BOARD MEETING",
      "msg": "<span>No</span> Upcoming Board Meetings",
      "data": []
    },
    {
      "img": "dividend.svg",
      "title": "DIVIDEND",
      "msg": "",
      "data": [
        {
          "txt": "Forbes & Company Ltd has declared <strong>650%</strong> dividend, ex-date: 24 Aug 22",
          "dt": "2022-08-24",
          "middle_text": "Dividend Alert"
        }
      ]
    },
    {
      "img": "splits.svg",
      "title": "SPLITS",
      "msg": "No <strong>Splits</strong> history available",
      "data": []
    },
    {
      "img": "bonus.svg",
      "title": "BONUS",
      "msg": "No <strong>Bonus</strong> history available",
      "data": []
    },
    {
      "img": "rights-issues.svg",
      "title": "RIGHTS",
      "msg": "No <strong>Rights</strong> history available",
      "data": []
    }
  ]
}

News and Views

Is Forbes & Co overvalued or undervalued?

2025-12-05 08:28:45

Valuation Metrics in Focus

At a price-to-earnings (PE) ratio of approximately 6.6, Forbes & Co trades at a substantial discount compared to many of its industry peers, some of which exhibit PE ratios exceeding 20 or even 50. This low PE ratio suggests that the market currently prices the company conservatively relative to its earnings. The price-to-book value stands at 1.95, indicating that the stock is trading just under twice its net asset value, which is reasonable for a company in the electronics and appliances sector.

Enterprise value multiples such as EV to EBIT and EV to EBITDA are 19.4 and 17.6 respectively, which are higher than some peers but still moderate given the company’s operational efficiency. The EV to sales ratio of 2.26 and EV to capital employe...

Read More

Forbes & Co Sees Revision in Market Evaluation Amidst Challenging Financial Trends

2025-12-02 10:09:05

Forbes & Co, a microcap player in the Electronics & Appliances sector, has experienced a revision in its market evaluation reflecting recent shifts in its financial and technical outlook. The company’s performance metrics and market behaviour have prompted a reassessment of its standing among investors, highlighting ongoing challenges in both operational results and stock momentum.

Read More

Why is Forbes & Co falling/rising?

2025-11-22 01:06:46

Recent Price Performance and Market Context

Forbes & Co has been underperforming significantly against the benchmark Sensex over multiple time frames. In the past week, the stock has declined by 6.23%, while the Sensex gained 0.79%. Over the last month, the stock fell 5.74% compared to the Sensex’s 0.95% rise. Year-to-date, the divergence is even more pronounced, with Forbes & Co down 26.15% against the Sensex’s 9.08% gain. The one-year performance further highlights this trend, with the stock down 33.90% while the Sensex advanced 10.47%. Although the stock has delivered strong returns over five years, appreciating 686.82%, this recent weakness signals a challenging phase for investors.

Technical Indicators and Trading Activity

On 21-Nov...

Read More

Forbes & Company Forms Death Cross, Signalling Potential Bearish Trend

2025-11-21 18:01:03

Forbes & Company, a player in the Electronics & Appliances sector, has recently formed a Death Cross, a technical pattern where the 50-day moving average crosses below the 200-day moving average. This development often signals a shift towards a bearish trend and suggests a weakening momentum in the stock’s price trajectory.

Read More

How has been the historical performance of Forbes & Co?

2025-11-09 22:41:17

Answer: The historical performance of Forbes & Co shows significant fluctuations in key financial metrics over the years. Breakdown: 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....

Read More

Are Forbes & Co latest results good or bad?

2025-11-08 19:19:51

Forbes & Company's latest financial results for Q2 FY26 present a complex picture characterized by significant operational challenges despite some headline profitability metrics. The company reported consolidated net sales of ₹18.70 crores, marking a substantial year-on-year decline of 46.05% and a quarter-on-quarter decrease of 16.70%. This represents the lowest quarterly revenue figure in the available dataset, indicating potential issues with market share, product portfolio, or overall demand across its engineering, industrial automation, and consumer durables segments. In contrast, the consolidated net profit for the same quarter was ₹6.33 crores, reflecting a year-on-year increase of 23.15% and a sequential rise of 30.25%. However, this profit growth is heavily influenced by other income, which accounted for 68.50% of the profit before tax, raising concerns about the sustainability and quality of earn...

Read More

Forbes & Company Q2 FY26: Revenue Slump Masks Profit Surge Driven by Non-Operating Income

2025-11-07 20:03:35

Forbes & Company Ltd., the diversified engineering and consumer durables company under the Shapoorji Pallonji Group umbrella, delivered a paradoxical performance in Q2 FY26, with consolidated net profit climbing 23.15% year-on-year to ₹6.33 crores despite net sales plummeting 46.05% to ₹18.70 crores. The micro-cap company, valued at ₹484 crores, has seen its stock price decline 40.01% over the past year, currently trading at ₹375.00, reflecting investor concerns about the sustainability of earnings driven predominantly by non-operating income rather than core business performance.

Read More

Is Forbes & Co overvalued or undervalued?

2025-10-10 08:04:52

As of 9 October 2025, Forbes & Co has moved from a very attractive to a fair valuation grade. The company is currently considered undervalued based on its financial metrics. The PE ratio stands at 7.09, while the EV to EBITDA ratio is 18.08, and the PEG ratio is remarkably low at 0.01, indicating strong growth potential relative to its price. When compared to peers, Forbes & Co's valuation appears favorable. For instance, Thermax has a PE ratio of 56.36 and an EV to EBITDA of 37.12, while BEML Ltd shows even higher multiples at 60.85 for PE and 36.35 for EV to EBITDA. These comparisons highlight that Forbes & Co is trading at a significant discount relative to its industry peers. Additionally, the company's stock has underperformed against the Sensex over the past year, with a return of -45.36% compared to the Sensex's 0.87%, reinforcing the notion that it may be undervalued at its current price of 368.85....

Read More

Is Forbes & Co overvalued or undervalued?

2025-10-09 08:04:57

As of 8 October 2025, Forbes & Co has moved from a fair to a very attractive valuation grade. The company is currently undervalued, with a PE ratio of 6.93, a Price to Book Value of 2.12, and a PEG Ratio of 0.01, indicating significant potential for growth relative to its price. In comparison, peers such as Thermax and BEML Ltd are considered expensive, with PE ratios of 56.15 and 59.51, respectively, highlighting Forbes & Co's favorable positioning in the market. With a Return on Capital Employed (ROCE) of 15.52% and a Return on Equity (ROE) of 30.76%, Forbes & Co demonstrates strong profitability metrics that further support its undervaluation. Despite recent stock performance trailing behind the Sensex, particularly with a year-to-date decline of 23.26% compared to the Sensex's 4.65% gain, the company's fundamentals suggest it is well-positioned for recovery and growth....

Read More

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