About
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. The company was founded in 1767 and is based in Mumbai, India. Forbes & Company Limited is a subsidiary of Shapoorji Pallonji and Company Private Limited.
Key Metrics
as of Sep 2026Market Cap352 Cr
P/E29.00
Div Yield0.00 %
Book Value₹155.00
52w High₹463.00
52w Low₹242.00
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 13.26 | 17.19 | 17.80 | 18.70 | 22.45 | 88.68 | 40.23 | 34.66 | 35.79 | 87.08 | 11.89 | 15.54 | 11.37 |
| Expenses | 12.14 | 18.00 | 14.78 | 15.83 | 21.30 | 77.13 | 36.75 | 30.45 | 31.00 | 83.58 | 11.81 | 17.04 | 11.30 |
| Operating Profit | 1.12 | -0.81 | 3.02 | 2.87 | 1.15 | 11.55 | 3.48 | 4.21 | 4.79 | 3.50 | 0.08 | -1.50 | 0.07 |
| OPM % | 8.45 | -4.71 | 16.97 | 15.35 | 5.12 | 13.02 | 8.65 | 12.15 | 13.38 | 4.02 | 0.67 | -9.65 | 0.62 |
| Other Income | 3.66 | 1.40 | 2.55 | 6.22 | 5.34 | 97.29 | 10.19 | 2.60 | 2.31 | -1.03 | 2.96 | -20.24 | 17.40 |
| Depreciation | 0.54 | 1.26 | 0.52 | 0.56 | 0.57 | 0.41 | 0.42 | 0.37 | 0.38 | 0.43 | 0.35 | 0.46 | 0.41 |
| Interest | 0.14 | 0.18 | 0.16 | 0.15 | 0.16 | 0.13 | 0.21 | 0.20 | 0.23 | 0.80 | 0.17 | 0.39 | 0.24 |
| Profit before tax | 4.10 | -0.85 | 4.89 | 8.38 | 5.76 | 108.30 | 13.04 | 6.24 | 6.49 | 1.24 | 2.52 | -22.59 | 16.82 |
| Tax % | 12.20 | 131.76 | 14.31 | 24.46 | 15.62 | 5.04 | 27.15 | 17.63 | 18.64 | -173.39 | -55.95 | 0.53 | 36.09 |
| Net Profit | 3.60 | -1.97 | 4.19 | 6.33 | 4.86 | 102.84 | 9.50 | 5.14 | 5.28 | 3.39 | 3.93 | -22.71 | 10.75 |
| EPS in Rs | 2.79 | -1.53 | 3.25 | 4.91 | 3.77 | 79.72 | 7.36 | 3.98 | 4.09 | 2.63 | 3.05 | -17.60 | 8.33 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 76.00 | 199.00 | 125.00 | 47.00 | 515.00 | 932.00 | 2,731.00 | 2,853.00 | 2,822.00 | 2,999.00 | 3,231.00 | 3,546.00 |
| Expenses | 69.00 | 173.00 | 119.00 | 76.00 | 465.00 | 821.00 | 2,701.00 | 2,710.00 | 2,693.00 | 2,892.00 | 3,194.00 | 3,417.00 |
| Operating Profit | 8.00 | 26.00 | 6.00 | -29.00 | 49.00 | 111.00 | 30.00 | 143.00 | 129.00 | 106.00 | 37.00 | 129.00 |
| OPM % | 10.00 | 13.00 | 4.60 | -63.00 | 10.00 | 12.00 | 1.10 | 5.00 | 4.60 | 3.50 | 1.20 | 3.60 |
| Other Income | 14.00 | 110.00 | -5.00 | 243.00 | 4,252.00 | -48.00 | -171.00 | 35.00 | 39.00 | 134.00 | 135.00 | 65.00 |
| Interest | 1.00 | 1.00 | 1.00 | 10.00 | 42.00 | 52.00 | 101.00 | 89.00 | 96.00 | 74.00 | 107.00 | 91.00 |
| Depreciation | 3.00 | 2.00 | 2.00 | 6.00 | 41.00 | 68.00 | 98.00 | 77.00 | 77.00 | 71.00 | 75.00 | 22.00 |
| Profit before tax | 18.00 | 134.00 | -2.00 | 198.00 | 4,218.00 | -56.00 | -341.00 | 11.00 | -4.00 | 95.00 | -9.00 | 81.00 |
| Tax % | 26.00 | 8.00 | 116.00 | 3.00 | 0.00 | 107.00 | -1.00 | 126.00 | 682.00 | 26.00 | 423.00 | 54.00 |
| Net Profit | 13.00 | 123.00 | -4.00 | 192.00 | 4,229.00 | -117.00 | -338.00 | -3.00 | -32.00 | 89.00 | -48.00 | 37.00 |
| EPS in Rs | 10.40 | 95.16 | -3.46 | 148.80 | 3,278.84 | -60.21 | -251.63 | 5.40 | -15.07 | 65.49 | -45.39 | 25.17 |
| Dividend Payout % | 0.00 | 0.00 | 0.00 | 44.00 | 0.00 | 0.00 | 0.00 | 93.00 | -17.00 | 4.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 13.00 | 13.00 | 13.00 | 13.00 | 13.00 | 13.00 | 13.00 | 13.00 | 13.00 | 13.00 | 13.00 | 13.00 |
| Reserves | 186.00 | 207.00 | 127.00 | 212.00 | 73.00 | -154.00 | -101.00 | 251.00 | 303.00 | 301.00 | 206.00 | 431.00 |
| Borrowings | 6.00 | 5.00 | 5.00 | 9.00 | 288.00 | 523.00 | 1,137.00 | 1,070.00 | 1,189.00 | 1,164.00 | 1,140.00 | 1,180.00 |
| Other Liabilities | 46.00 | 77.00 | 275.00 | 467.00 | 415.00 | 1,654.00 | 1,695.00 | 1,541.00 | 1,254.00 | 1,228.00 | 1,220.00 | 1,188.00 |
| Total Liabilities | 251.00 | 301.00 | 421.00 | 701.00 | 789.00 | 2,036.00 | 2,744.00 | 2,874.00 | 2,759.00 | 2,706.00 | 2,579.00 | 2,811.00 |
| Fixed Assets | 27.00 | 27.00 | 27.00 | 29.00 | 158.00 | 598.00 | 1,027.00 | 1,134.00 | 1,139.00 | 1,036.00 | 997.00 | 1,140.00 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 | 4.00 | 29.00 | 87.00 | 94.00 | 74.00 | 72.00 | 51.00 |
| Investments | 164.00 | 200.00 | 171.00 | 145.00 | 117.00 | 60.00 | 123.00 | 81.00 | 80.00 | 73.00 | 92.00 | 26.00 |
| Other Assets | 60.00 | 74.00 | 223.00 | 527.00 | 513.00 | 1,374.00 | 1,565.00 | 1,573.00 | 1,445.00 | 1,524.00 | 1,418.00 | 1,594.00 |
| Total Assets | 251.00 | 301.00 | 421.00 | 701.00 | 789.00 | 2,036.00 | 2,744.00 | 2,874.00 | 2,759.00 | 2,706.00 | 2,579.00 | 2,811.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -6.00 | -11.00 | -20.00 | 55.00 | 201.00 | 366.00 | 229.00 | 207.00 | 170.00 | 67.00 | 120.00 | 98.00 |
| Cash from Investing Activity | 0.00 | 7.00 | 1.00 | 216.00 | 9.00 | 65.00 | -143.00 | -44.00 | -130.00 | 5.00 | -83.00 | -51.00 |
| Cash from Financing Activity | -1.00 | -1.00 | -6.00 | -243.00 | -275.00 | -382.00 | -122.00 | -230.00 | -94.00 | -20.00 | -36.00 | -80.00 |
| Net Cash Flow | -7.00 | -5.00 | -26.00 | 27.00 | -65.00 | 49.00 | -36.00 | -66.00 | -53.00 | 52.00 | 2.00 | -34.00 |
| Free Cash Flow | -2.00 | -3.00 | -2.00 | 235.00 | 150.00 | 494.00 | 145.00 | 163.00 | 15.00 | -20.00 | 35.00 | 37.00 |
| CFO/OP % | -28.00 | -50.00 | -358.00 | -191.00 | 458.00 | 328.00 | 823.00 | 157.00 | 158.00 | 92.00 | 435.00 | 109.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 37.00 | 15.00 | 20.00 | 61.00 | 62.00 | 47.00 | 54.00 | 60.00 | 54.00 | 56.00 | 59.00 | 60.00 |
| Inventory Days | 150.00 | 43.00 | 892.00 | — | 533.00 | 188.00 | 284.00 | 220.00 | 155.00 | 138.00 | 98.00 | 102.00 |
| Days Payable | 222.00 | 71.00 | 217.00 | — | 214.00 | 99.00 | 162.00 | 151.00 | 142.00 | 115.00 | 140.00 | 162.00 |
| Cash Conversion Cycle | -35.00 | -13.00 | 695.00 | 61.00 | 380.00 | 136.00 | 177.00 | 128.00 | 68.00 | 79.00 | 17.00 | 0.00 |
| Working Capital Days | -69.00 | -49.00 | -299.00 | -175.00 | -135.00 | -273.00 | -126.00 | -71.00 | -42.00 | -27.00 | -29.00 | -17.00 |
| ROCE % | 5.00 | 16.00 | 5.00 | -9.00 | 12.00 | 14.00 | -2.00 | 7.00 | 5.00 | 5.00 | 3.00 | 11.00 |
Corporate Actions
12 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Other | 07 Mar 2024 | 07 Mar 2024 | — | — | Spin Off |
| Dividend | 24 Aug 2022 | 25 Aug 2022 | — | 65.00 | |
| Other | 10 Feb 2022 | 11 Feb 2022 | — | — | Spin Off |
| Dividend | 16 Aug 2019 | — | — | 2.50 | |
| Dividend | 17 Sep 2018 | — | — | 2.50 | |
| Dividend | 14 Aug 2017 | — | — | 2.50 | |
| Dividend | 24 Jul 2013 | — | — | 0.50 | |
| Dividend | 27 Jul 2012 | — | — | 1.00 | |
| Dividend | 12 Aug 2008 | — | — | 1.50 | |
| Dividend | 11 Sep 2007 | — | — | 3.50 | |
| Other | 11 Sep 2007 | — | — | — | Scheme of Arrangement |
| Dividend | 28 Jun 2001 | — | — | 3.00 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update17 Feb from care
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Rating update30 Dec 2025 from crisil
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Rating update7 Feb 2025 from icra
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Rating update18 Nov 2024 from care
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Rating update5 Apr 2024 from icra
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Rating update2 Jan 2024 from care