FOCE
Foce India financials
- Market cap
- ₹587 Cr
- Sector
- Consumer Durables
What Foce India does
Foce India Limited is the authorized distributor for India of FOCE-brand watches, and was formerly known as Heighten Trading Company Private Limited. It operates through two subsidiaries, FO Industries Private Limited and Foce Realty Solutions Private Limited, and in August 2025 incorporated a further wholly-owned subsidiary, Foce Digital Solutions Private Limited. The company is listed on the SME (Emerge) platform of the National Stock Exchange of India.
Segments
- Watch distribution
- Realty
- Digital solutions
- Subsidiaries
- 3 (FO Industries, Foce Realty Solutions, Foce Digital Solutions)
Quarterly results
Q4 FY26: revenue up 218.7%, net profit down 9.4% against the same quarter last year.
| Line item | Q2 FY23 | Q4 FY23 | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 9 | 5 | 5 | 11 | 9 −2% | 27 +399% | 21 +294% | 36 +219% |
| EBITDA | 1 | -1 | -0 | 1 | 0 −53% | 1 +256% | 2 +8450% | 1 −20% |
| Net profit | 1 | -0 | -0 | 1 | 0 −51% | 1 +230% | 1 +1700% | 0 −9% |
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 −64.5% 1Y
1Y: ₹1,410 on 9 Sept 2025 → ₹500. High ₹1,998 (5 Jan 2026), low ₹487 (4 Sept 2026).
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹4 Cr | ₹5 Cr | ₹5 Cr | ₹5 Cr | ₹5 Cr | ₹12 Cr |
| Reserves | ₹7 Cr | ₹30 Cr | ₹30 Cr | ₹31 Cr | ₹80 Cr | ₹26 Cr |
| Borrowings | ₹0 Cr | ₹1 Cr | ₹26 Cr | ₹24 Cr | ₹43 Cr | ₹63 Cr |
| Other liabilities | ₹27 Cr | ₹2 Cr | ₹2 Cr | ₹1 Cr | ₹65 Cr | ₹7 Cr |
| Total liabilities | ₹37 Cr | ₹38 Cr | ₹64 Cr | ₹61 Cr | ₹192 Cr | ₹108 Cr |
| Fixed assets | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹1 Cr | ₹0 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹11 Cr | ₹2 Cr | ₹2 Cr | ₹76 Cr | ₹3 Cr |
| Other assets | ₹37 Cr | ₹27 Cr | ₹62 Cr | ₹59 Cr | ₹116 Cr | ₹105 Cr |
| Total assets | ₹37 Cr | ₹38 Cr | ₹64 Cr | ₹61 Cr | ₹192 Cr | ₹108 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
The ownership split has held steady since Jun 2025. The shareholder count grew 103% to 507.
- Promoters
- 73.6%
- Public
- 26.4%
Since Jun 2025
- Promoters 0.00 pp
- Public 0.00 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 73.6%, Public 26.4%.Dec '23: Promoters 73.6%, Public 26.4%.Mar '24: Promoters 73.6%, Public 26.4%.Jun '24: Promoters 73.6%, Public 26.4%.Sep '24: Promoters 73.6%, Public 26.4%.Dec '24: Promoters 73.6%, Public 26.4%.Mar '25: Promoters 73.6%, Public 26.4%.Jun '25: Promoters 73.6%, Public 26.4%.Sep '25: Promoters 73.6%, Public 26.4%.Dec '25: Promoters 73.6%, Public 26.4%.Mar '26: Promoters 73.6%, Public 26.4%.Jun '26: Promoters 73.6%, Public 26.4%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Sky Logistics Limited newly disclosed 4.40% held
The same filing shows 0 holders trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Foce India above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Manoj Sitaram Agarwal | 57.07% | unchanged |
| Anita Manoj Agarwal | 14.31% | unchanged |
| Gaganbase Vincom Private Ltd | 4.97% | unchanged |
| Sky Logistics Limited | 4.40% | newly disclosed |
| Shiv Parvati Leasing Private Limited | 3.90% | unchanged |
| Parameshwari Sitaram Agarwal | 2.25% | unchanged |
| Balgopal Commercial Limited | 1.84% | unchanged |
| Frenzy Commercial Pvt Ltd | 1.63% | unchanged |
| Utkarsh Agarwal | 0.00% | unchanged |
| Hirise Infracon Limited | — | off the list |
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.
Learn to analyse Foce India
Guides on how to read this kind of business and the numbers that matter.