공시 • May 16
Forcas Studio Limited to Report Second Half, 2026 Results on May 23, 2026 Forcas Studio Limited announced that they will report second half, 2026 results on May 23, 2026 New Risk • Mar 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (35% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Market cap is less than US$100m (₹1.75b market cap, or US$19.0m). New Risk • Nov 19
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (35% accrual ratio). Minor Risk Market cap is less than US$100m (₹2.36b market cap, or US$26.7m). 공시 • Nov 13
Forcas Studio Limited to Report First Half, 2026 Results on Nov 14, 2025 Forcas Studio Limited announced that they will report first half, 2026 results on Nov 14, 2025 Valuation Update With 7 Day Price Move • Oct 30
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹128, the stock trades at a trailing P/E ratio of 26x. Average trailing P/E is 24x in the Luxury industry in India. Total returns to shareholders of 22% over the past year. New Risk • Sep 27
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Over 9x increase in shares outstanding. This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (32% accrual ratio). Shareholders have been substantially diluted in the past year (over 9x increase in shares outstanding). Board Change • Sep 22
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. MD & Chairman Sailesh Agarwal is the most experienced director on the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. 공시 • Aug 29
Forcas Studio Limited, Annual General Meeting, Sep 25, 2025 Forcas Studio Limited, Annual General Meeting, Sep 25, 2025, at 15:00 Indian Standard Time. New Risk • Apr 09
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended February 2024. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported February 2024 fiscal period end). Interest payments are not well covered by earnings (2.9x net interest cover). High level of non-cash earnings (22% accrual ratio). Minor Risk Market cap is less than US$100m (₹1.40b market cap, or US$16.2m). Board Change • Mar 03
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. MD & Chairman Sailesh Agarwal is the most experienced director on the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. New Risk • Oct 25
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended February 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.9x net interest cover). Share price has been highly volatile over the past 3 months (12% average weekly change). High level of non-cash earnings (22% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported February 2024 fiscal period end). Market cap is less than US$100m (₹1.79b market cap, or US$21.3m). Board Change • Aug 26
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. MD & Chairman Sailesh Agarwal is the most experienced director on the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. 공시 • Aug 25
Forcas Studio Limited has completed an IPO in the amount of INR 374.4 million. Forcas Studio Limited has completed an IPO in the amount of INR 374.4 million.
Security Name: Equity Shares
Security Type: Common Stock
Securities Offered: 235,200
Price\Range: INR 80
Security Name: Equity Shares
Security Type: Common Stock
Securities Offered: 1,331,200
Price\Range: INR 80
Security Name: Equity Shares
Security Type: Common Stock
Securities Offered: 889,600
Price\Range: INR 80
Security Name: Equity Shares
Security Type: Common Stock
Securities Offered: 667,200
Price\Range: INR 80
Security Name: Equity Shares
Security Type: Common Stock
Securities Offered: 1,556,800
Price\Range: INR 80
Transaction Features: Regulation S