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Forcas Studio Ltd (FORCAS)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: FORCAS Textile | Small Cap | Forcas Studio Share Price

BSE Share Price
Not Listed

Forcas Studio Ltd (FORCAS)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: FORCAS Textile | Small Cap | Forcas Studio Share Price

BSE Share Price
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹183 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
₹7.8
TTM Sales
₹198 Cr.
Book Value per Share
₹36.2
P/E Ratio
13.44
Lower than its 5-year historical median
Industry PE
36.6
Price to Book (P/B)
2.88
In line with its 5-year historical median
Price to Sales (P/S)
0.93
Lower than its 5-year historical median
EV/EBITDA
8.81
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
20.63%
Outperforms industry median
Return on Capital Employed (ROCE)
22.04%
Outperforms industry median
Return on Assets (ROA)
11.01%
Operating Profit Margin
9.7%
Net Profit Margin
6.07%
Gross Profit Margin
8.4%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
-
-
Operating Profit Growth (1 Year)
-
293.47%
Net Profit Growth (1 Year)
-
303.27%
Asset Quality
Promoter Holding
60.30%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹46 Cr.
Equity
₹17.6 Cr.
Face Value
₹10
All Time Low / High
- / -

Forcas Studio stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Forcas Studio Ltd a good quality company?
Forcas Studio Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Forcas Studio Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Forcas Studio Ltd vs industry peers?
Forcas Studio Ltd revenue CAGR is %, compared to the industry median CAGR of 8.47%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Forcas Studio Ltd?
Promoters hold 60.30% of the Forcas Studio Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Forcas Studio Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of 8.71% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Forcas Studio Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'25TTM
ROCE % 22%-
Value Creation
Index
0.6-

Growth Parameters

Sales 142198
Sales YoY Gr.--
Adj EPS 4.97.8
YoY Gr.--
BVPS (₹) 36.236.2
Adj Net
Profit
8.614
Cash Flow from Ops. -10.1-
Debt/CF from Ops. -1.3-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NANANANA
Adj EPS NANANANA
BVPSNANANANA
Share Price - - - -2.6%

Key Financial Parameters

Mar'25TTM
Return on
Equity %
20.621.4
Op. Profit
Mgn %
9.7NAN
Net Profit
Mgn %
6.16.9
Debt to
Equity
0.2-
Working Cap
Days
1860
Cash Conv.
Cycle
1290

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'24Mar'25
Sales40142
Operating Expenses + 37128
Manufacturing Costs29
Material Costs2999
Employee Cost 04
Other Costs 518
Operating Profit 414
Operating Profit Margin (%) 8.7%9.7%
Other Income + 01
Exceptional Items 00
Interest 13
Depreciation 00
Profit Before Tax 312
Tax 13
Profit After Tax 29
PAT Margin (%) 5.3%6.1%
Adjusted EPS (₹)1.74.9
Dividend Payout Ratio (%)0%0%

Valuation of Forcas Studio - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'24Mar'25

Equity and Liabilities

Shareholders Fund + 2064
Share Capital 1318
Reserves 746
Debt +3313
Long Term Debt21
Short Term Debt3112
Minority Interest00
Trade Payables1013
Others Liabilities 31
Total Liabilities 6691

Fixed Assets

Net Fixed Assets +12
Gross Block12
Accumulated Depreciation00
CWIP 00
Investments 00
Inventories2033
Trade Receivables3238
Cash Equivalents 08
Others Assets 129
Total Assets 6691

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'24Mar'25
Cash Flow From Operating Activity + -40-10
PBT 312
Adjustment 12
Changes in Working Capital -43-20
Tax Paid -1-4
Cash Flow From Investing Activity + -105
Capex -1-1
Net Investments -85
Others -01
Cash Flow From Financing Activity + 5013
Net Proceeds from Shares 1835
Net Proceeds from Borrowing 2-1
Interest Paid -1-2
Dividend Paid 00
Others 31-19
Net Cash Flow 08

Financial Ratio

PARTICULARSMar'24Mar'25
Ratios
ROE (%)10.720.63
ROCE (%)722.04
Asset Turnover Ratio0.621.82
PAT to CFO Conversion(x)-20-1.11
Working Capital Days
Receivable Days290.9090.50
Inventory Days177.1068.10
Payable Days124.5042.30

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Forcas Studio Ltd FAQs

The current trading price of Forcas Studio on 01-Jan-1970 05:30 is ₹0.00.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 31-Dec-1969 the market cap of Forcas Studio stood at ₹183.3 Cr

The latest P/E ratio of Forcas Studio as of 31-Dec-1969 is 13.44.

The latest P/B ratio of Forcas Studio as of 31-Dec-1969 is 2.88.

The 52-week high of Forcas Studio is ₹0.00 and the 52-week low is ₹0.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Forcas Studio is ₹198 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Forcas Studio Ltd is a below average quality company.

The key valuation ratios of Forcas Studio Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Forcas Studio Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About Forcas Studio Ltd

Forcas Studio Limited was originally formed as a partnership firm under the name and style of ‘M/s. Forcas Apparels’ pursuant to a deed of partnership dated April 9, 2010. Subsequently, pursuant to a resolution dated October 3, 2023 passed at the meeting of partners of M/s. Forcas Apparels, the partnership firm was converted into a private limited company under the Companies Act, 2013 under the name and style of ‘Forcas Studio Private Limited’ and a certificate of incorporation dated January 12, 2024 was issued by the Registrar of Companies, Central Registration Centre. Subsequently, pursuant to a resolution passed by its Board of Directors in their meeting held on February 20, 2024, and by the Shareholders at an Extra-Ordinary General Meeting held on February 23, 2024, the company was converted into a public limited company and consequently the name of the Company was changed to ‘Forcas Studio Limited’ and a fresh certificate of incorporation dated April 5, 2024 was issued by Registrar of Companies, Central Processing Centre.

The company is into Menswear and deals in men’s garments such as Shirts, Denims, T-shirts, trousers, Cotton pants, sports-wear, party-wear, fashion wear, boxers etc. and cater pan India through online and wholesale in its own brand and also white-labelling for other brands such as Landmark Group, V-Mart Retail, V2 Retail, Highlander, Cobb, Kontail and many more. The company is in the business of manufacturing and selling of menswear garments through online ecommerce platforms and wholesale under the name of ‘FTX’, ‘Tribe’ and ‘Conteno’. The company sales products under its own brand through the most popular retail online e-commerce platforms namely, flipkart, Myntra, Meesho, Amazon, Ajio, Jio Mart, Glowroad, Limeroad, Solvd and Shopsy. The wholesale business comprises of sale to wholesalers who purchase in bulk for onward sales to garment retailers in different states of the country. 

Further, its brand also is sold through large format stores including V-Mart Retail, V2 Retail, City Kart, Metro Bazar, Kothari Retail and Sarvana Retails. It transitioned to online business in 2021 to better serve its Pan India clientele. Its products are available on India’s top marketplaces. It has received positive response from its customers for its products which is reflected customers’ rating on the marketplaces. Digitalisation has made the world a smaller place and world fashion is on display like never before to the Indian masses. With its brand, it is trying to bring this aspirational fashion to the mass youth of Bharat in the fastest, most convenient and affordable manner. It offers stylish and quality menswear at affordable prices for the masses of Bharat where it sees a significant opportunity for a value for money fast fashion brand.

Business area of the company 

The company is mainly engaged in trading and Manufacturing of Readymade Garments - knitted and crochet fabrics.

Products of the company

  • Shirts 
  • Denims 
  • T-shirts 
  • Trousers 
  • Cotton pants 
  • Sports-wear 
  • Party-wear 
  • Fashion wear 
  • Boxers

Awards and accreditations

  • 2015: The Company was bestowed with an award ‘Merit Award 2015’ by HyperCITY, for achieving targeted sales growth. 
  • 2016: The company was bestowed with an award declaring it as the ‘Champion Sales Growth Partner for Fashion 2016’ by HyperCITY. 
  • 2021: The Company achieved gold seller status on Flipkart Marketplace for the period September 1, 2021 to November 29, 2021 and December 1, 2021 to February 28, 2022 respectively. 
  • 2022: The Company achieved platinum seller status on Flipkart Marketplace for the period March 2, 2022 to May 30, 2022 and June 1, 2022 to August 14, 2022 respectively.

History and milestones

  • 2010: Originally formed as a partnership firm under the name ‘Forcas Apparels’. 
  • 2024: Converted into Forcas Studio Private Limited.

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