Forbes & Company share price & results
- Jun 2026
- Sept 2026
Mumbai industrial group running a Coding & Industrial Automation business (marking, laser and peen-marking systems) alongside a residential real-estate development arm.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 13.3 | −40.9% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 8.4 | +3.3 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 3.6 | −25.9% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 5.80 | −59.7 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | -2.63 | −1.1 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | -64.01 | −121.0 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance −24.1% 1Y
1Y: ₹368.8 on 24 Oct 2025 → ₹280. High ₹448.8 (27 Jan 2026), low ₹245 (31 Jul 2026).
- Previous close
- ₹277.8
- Market cap
- ₹428 Cr
- 52-week range
- ₹245 – ₹448.8
- One year
- −24.39%
- Price to earnings (TTM to Jun 2026)
- 35.23×
- Return on equity (TTM to Jun 2026)
- 5.80%
Overview
- Symbol
- NSE:FORBESCO
- Sector
- Consumer Durables
- Industry
- Consumer Discretionary
- Exchange
- NSE
- Currency
- INR
What Forbes & Company Ltd does
Based on the company's own presentations, annual report and earnings calls.
Forbes & Company operates two business lines: Coding & Industrial Automation (CIAB), which designs and makes conventional marking systems, dot-peen marking machines, laser marking systems (including fibre laser 2D/3D units) and industrial project automation used for applications such as car-engine and frame marking; and Real Estate, centred on the residential Project Vicinia development in Chandivali, Mumbai. Its subsidiary Forbes Bumi Armada Limited (FBAL) provides operations-and-maintenance manning services for FPSO (Floating Production Storage & Offloading) vessels. During FY25 the company took full ownership of erstwhile 50:50 joint venture Forbes Macsa Private Limited, bringing it wholly into the CIAB business.
Segments
- Coding and Industrial Automation (CIAB)
- Real Estate
- Business segments
- 2 (Coding & Industrial Automation; Real Estate)
- Core CIAB product lines
- Conventional marking, dot-peen marking, laser marking (2D/3D fibre laser), industrial project automation
- Flagship real-estate project
- Project Vicinia, Chandivali — Phase I (Towers A, B, C, D, F) and Phase II (Towers E, G, H) construction completed
- Project Vicinia units sold
- All flats sold except 6
- FPSO vessels serviced by subsidiary (Forbes Bumi Armada Ltd)
- 3
- CIAB joint venture converted to wholly-owned subsidiary (FY25)
- Forbes Macsa Private Limited
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: −26% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 35 | 40 | 89 | 22 | 19 | 18 | 17 | 13 |
| Expenses | 30 | 37 | 77 | 21 | 16 | 15 | 18 | 12 |
| Operating profit | 4 | 3 | 12 | 1 | 3 | 3 | -1 | 1 |
| Operating margin | 12.2% | 8.7% | 13.0% | 5.1% | 15.3% | 17.0% | −4.7% | 8.4% |
| Other income | 3 | 10 | 97 | 5 | 6 | 3 | 1 | 4 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 6 | 13 | 108 | 6 | 8 | 5 | -1 | 4 |
| Tax rate | 17.6% | 27.1% | 5.0% | 15.6% | 24.5% | 14.3% | 131.8% | 12.2% |
| Net profit | 5 | 10 | 103 | 5 | 6 | 4 | -2 | 4 |
| EPS (₹ per share) | 3.98 | 7.36 | 79.72 | 3.77 | 4.91 | 3.25 | -1.53 | 2.79 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 258 | 126 | 199 | 76 |
| Expenses | 257 | 124 | 175 | 70 |
| Operating profit | 1 | 2 | 24 | 6 |
| Other income | 231 | -1 | 112 | 16 |
| Interest | 13 | 2 | 1 | 1 |
| Depreciation | 17 | 2 | 2 | 3 |
| Profit before tax | 201 | -2 | 134 | 18 |
| Net profit | 192 | -5 | 123 | 13 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 13 | 13 | 13 | 13 | 13 | 13 |
| Reserves | 73 | 212 | 127 | 207 | 217 | 186 |
| Borrowings | 288 | 9 | 5 | 5 | 6 | 6 |
| Other liabilities | 415 | 467 | 275 | 77 | 65 | 46 |
| Total liabilities | 789 | 701 | 421 | 301 | 302 | 251 |
| Fixed assets | 158 | 29 | 27 | 27 | 27 | 27 |
| Capital work in progress | 1 | 0 | 0 | 0 | 0 | 0 |
| Investments | 117 | 145 | 171 | 200 | 208 | 164 |
| Other assets | 513 | 527 | 223 | 74 | 66 | 60 |
| Total assets | 789 | 701 | 421 | 301 | 302 | 251 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 366 | 201 | 55 | -20 | -11 | -6 |
| Cash from investing | 65 | 9 | 216 | 1 | 7 | 0 |
| Cash from financing | -382 | -275 | -243 | -6 | -1 | -1 |
| Net cash flow | 49 | -65 | 27 | -26 | -5 | -7 |
| Free cash flow | 494 | 150 | 235 | -2 | -3 | -2 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 47 | 62 | 61 | 20 | 15 | 37 |
| Inventory days | 188 | 533 | — | 892 | 43 | 150 |
| Days payable | 99 | 214 | — | 217 | 71 | 222 |
| Cash conversion cycle | 136 | 380 | 61 | 695 | -13 | -35 |
| Working capital days | -273 | -135 | -175 | -299 | -49 | -69 |
| Return on capital employed | 14.0% | 12.0% | −9.0% | 5.0% | 16.0% | 5.0% |
| Dividend payout | 0.0% | 0.0% | 44.0% | 0.0% | 0.0% | 0.0% |
Ownership
Who owns it
Promoters hold 73.85% as of Sept 2026; institutions cut 0.72 pts since Jun 2026.
- Promoters 73.85%
- Foreign institutions 7.51%
- Domestic institutions 0.37%
- Government 0.62%
- Public 17.65%
Who is on the register
Named in the Sep 2026 filing
Every holder of Forbes & Company Ltd above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 72.56% | unchanged | |
| FPI fund | 4.95% | unchanged |
| FPI fund | 2.53% | −0.73 pp |
| 1.44% | unchanged | |
| 1.29% | 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.
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