544186
Forbes Precision financials
- Market cap
- ₹832 Cr
- Sector
- Capital Goods
What Forbes Precision does
Forbes Precision Tools and Machine Parts Limited manufactures precision metal-cutting tools — High Speed Steel and carbide taps, solid carbide tools, High Speed Steel drills (including centre drills), and carbide burrs — sold under its TOTEM brand. It earns revenue by supplying these tooling products to industrial customers in aerospace, defence, die & mould, valve manufacturing and auto-component sectors, both in India and through exports to the Americas, Far East, GCC, South America and Europe. The company was demerged from Forbes & Company Limited (effective March 1, 2024) and now runs as a standalone Precision Tools business with its own manufacturing, sales and governance set-up, distributing through direct sales and appointed channel partners.
Segments
- Taps (HSS & Carbide)
- Solid Carbide Tools
- High Speed Steel Drills
- Carbide Burrs
- Core product lines
- 4 (HSS/Carbide Taps, Solid Carbide Tools, HSS Drills, Carbide Burrs)
- End-markets served
- Aerospace, Defence, Die & Mould, Valve industries, Auto-component manufacturing
- Export markets
- Americas, Far East, GCC, South America, Europe (also Russia, Israel)
- Quality/systems certifications
- AS9100D, ISO 9001, IATF 16949, ISO 14001, ISO 45001 (5 certifications)
- Manufacturing base
- In-house factories in India (solar power installed on-site); new centre-drill manufacturing line commissioned in FY25
Quarterly results
Q1 FY27: revenue up 28.9%, net profit up 137.0% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 58 | 57 | 66 | 52 | 63 +10% | 64 +12% | 71 +8% | 68 +29% |
| EBITDA | 12 | 13 | 17 | 8 | 15 +27% | 12 −12% | 18 +10% | 15 +84% |
| Net profit | 7 | 7 | 9 | 4 | 8 +13% | 6 −25% | 11 +21% | 9 +137% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −5.6% 1Y
1Y: ₹170.85 on 10 Sept 2025 → ₹161.2. High ₹194.7 (31 Oct 2025), low ₹105.7 (30 Mar 2026).
Financials, as filed
Revenue grew 4.8% a year over 2 years, FY24 to FY26. Operating margin narrowed to 21.1%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹229 Cr | ₹233 Cr | ₹251 Cr |
| Operating profit | ₹51 Cr | ₹51 Cr | ₹53 Cr |
| Operating margin | 22.5% | 22.0% | 21.1% |
| Interest | ₹1 Cr | ₹1 Cr | ₹2 Cr |
| Depreciation | ₹11 Cr | ₹14 Cr | ₹16 Cr |
| Net profit | ₹31 Cr | ₹29 Cr | ₹29 Cr |
| Net margin | 13.6% | 12.4% | 11.5% |
| Cash from operations | ₹9 Cr | ₹51 Cr | ₹28 Cr |
| Free cash flow | ₹-88 Cr | ₹23 Cr | ₹9 Cr |
| ROCE | 56.0% | 25.0% | 21.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Equity capital | ₹0 Cr | ₹52 Cr | ₹52 Cr | ₹52 Cr |
| Reserves | ₹0 Cr | ₹86 Cr | ₹101 Cr | ₹117 Cr |
| Borrowings | ₹0 Cr | ₹9 Cr | ₹20 Cr | ₹17 Cr |
| Other liabilities | ₹0 Cr | ₹56 Cr | ₹55 Cr | ₹66 Cr |
| Total liabilities | ₹0 Cr | ₹203 Cr | ₹227 Cr | ₹251 Cr |
| Fixed assets | ₹0 Cr | ₹89 Cr | ₹114 Cr | ₹110 Cr |
| Capital work in progress | ₹0 Cr | ₹5 Cr | ₹1 Cr | ₹4 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹25 Cr | ₹23 Cr |
| Other assets | ₹0 Cr | ₹109 Cr | ₹88 Cr | ₹115 Cr |
| Total assets | ₹0 Cr | ₹203 Cr | ₹227 Cr | ₹251 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, the public added +0.53 pp while the government trimmed −0.24 pp. The shareholder count grew 1% to 14,163.
- Promoters
- 73.8%
- FIIs
- 10.7%
- DIIs
- 0.3%
- Public
- 15.1%
Since Jun 2025
- Public +0.53 pp
- Government −0.24 pp
- FIIs −0.23 pp
How it drifted, 10 quarters
Over this window FIIs fell from 11.7% to 10.7% — −1.0 pp.
Ownership split by quarter, oldest first. Mar '24: Promoters 73.8%, FIIs 11.7%, DIIs 0.1%, Government 0.2%, Public 14.1%.Jun '24: Promoters 73.8%, FIIs 11.6%, DIIs 0.1%, Government 0.2%, Public 14.3%.Sep '24: Promoters 73.8%, FIIs 11.6%, DIIs 0.3%, Government 0.2%, Public 14.1%.Dec '24: Promoters 73.8%, FIIs 11.3%, DIIs 0.3%, Government 0.2%, Public 14.3%.Mar '25: Promoters 73.8%, FIIs 11.1%, DIIs 0.4%, Government 0.2%, Public 14.4%.Jun '25: Promoters 73.8%, FIIs 10.9%, DIIs 0.4%, Government 0.2%, Public 14.6%.Sep '25: Promoters 73.8%, FIIs 10.9%, DIIs 0.4%, Government 0.2%, Public 14.6%.Dec '25: Promoters 73.8%, FIIs 10.9%, DIIs 0.1%, Government 0.2%, Public 14.9%.Mar '26: Promoters 73.8%, FIIs 10.9%, DIIs 0.1%, Government 0.2%, Public 14.9%.Jun '26: Promoters 73.8%, FIIs 10.7%, DIIs 0.3%, Public 15.1%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Forbes Precision above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Shapoorji Pallonji And Company Private Limited | 69.71% | unchanged |
| Antara India Evergreen Fund Ltd FPI fund | 8.88% | unchanged |
| Forbes Campbell Finance Limited | 4.14% | unchanged |
| Forbes Precision Tools And Machine Parts Limited Suspense Escrow Demat Account | 1.81% | unchanged |
| Legends Global Opportunities (Singapore) Pte. Ltd. FPI fund | 1.29% | −0.24 pp |
| Investor Education And Protection Fund Authority Ministry Of Corporate Affairs | 1.26% | unchanged |
| S C Finance and Investments Private Limited | 0.00% | unchanged |
| S C Motors Private Limited | 0.00% | unchanged |
| S P Architectural Coatings Private Limited | 0.00% | unchanged |
| S P Fabricators Private Limited | 0.00% | unchanged |
| S. C. Impex Private Limited | 0.00% | unchanged |
| S.P. Engineering Services Pte. Ltd. | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
What the price assumes
ExpensiveTo justify its price of ₹161, this stock must grow earnings at 17% every year for 7 years. Our analysis caps realistic growth at ~5%. At that growth it is worth ₹84 — downside of 48%.
- Growth the price implies
- 17.0% a year
- for 7 years, fading to 4%
- It has actually compounded at
- -3.7% a year
- net profit, FY24–FY26 · EPS 4.9%
- The gap
- 0.1 pp
- -48% downside if it only repeats history
Learn to analyse Forbes Precision
Guides on how to read this kind of business and the numbers that matter.