company background image
5028

ForbesBSE:502865 Stock Report

Market Cap

₹69.3b

7D

12.7%

1Y

242.8%

Updated

26 Oct, 2021

Data

Company Financials
502865 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health2/6
Dividends0/6

502865 Overview

Forbes & Company Limited manufactures, sells, and rents health, hygiene, and safety products in India and internationally.

Price History & Performance

Summary of all time highs, changes and price drops for Forbes
Historical stock prices
Current Share Price₹5,444.90
52 Week High₹1,300.00
52 Week Low₹5,444.90
Beta0.73
1 Month Change27.96%
3 Month Change74.30%
1 Year Change242.77%
3 Year Change164.84%
5 Year Change149.81%
Change since IPO2,622.49%

Recent News & Updates

Shareholder Returns

502865IN Consumer DurablesIN Market
7D12.7%-3.7%-2.3%
1Y242.8%59.7%62.5%

Return vs Industry: 502865 exceeded the Indian Consumer Durables industry which returned 54.5% over the past year.

Return vs Market: 502865 exceeded the Indian Market which returned 61.7% over the past year.

Price Volatility

Is 502865's price volatile compared to industry and market?
502865 volatility
502865 Beta0.73
Industry Beta0.72
Market Beta1

Stable Share Price: 502865 is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: 502865's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1767410Mahesh Tahilyanihttps://www.forbes.co.in

Forbes & Company Limited manufactures, sells, and rents health, hygiene, and safety products in India and internationally. The company manufactures, sells, rents, and services vacuum cleaners, water filter cum purifiers, water and wastewater treatment plants; and trades in electronic air cleaning systems, small household appliances, digital security systems, fire extinguishers, etc. It also manufactures and trades in precision cutting tools, spring lock washers, and marking systems. In addition, the company offers note counting machines, electronic cash registers, point of sale machines, and various types of kiosks.

Forbes Fundamentals Summary

How do Forbes's earnings and revenue compare to its market cap?
502865 fundamental statistics
Market Cap₹69.33b
Earnings (TTM)-₹277.30m
Revenue (TTM)₹29.84b

2.3x

P/S Ratio

-250.0x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
502865 income statement (TTM)
Revenue₹29.84b
Cost of Revenue₹12.55b
Gross Profit₹17.29b
Expenses₹17.57b
Earnings-₹277.30m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-21.78
Gross Margin57.94%
Net Profit Margin-0.93%
Debt/Equity Ratio-860.5%

How did 502865 perform over the long term?

See historical performance and comparison

Valuation

Is Forbes undervalued compared to its fair value and its price relative to the market?


Share Price vs. Fair Value

Below Fair Value: 502865 (₹5444.9) is trading above our estimate of fair value (₹3998.24)

Significantly Below Fair Value: 502865 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 502865 is unprofitable, so we can't compare its PE Ratio to the Indian Consumer Durables industry average.

PE vs Market: 502865 is unprofitable, so we can't compare its PE Ratio to the Indian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 502865's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 502865 has negative assets, so we can't compare its PB Ratio to the IN Consumer Durables industry average.


Future Growth

How is Forbes forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

24.0%

Forecasted Consumer Durables industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Forbes has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Forbes performed over the past 5 years?

-44.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 502865 is currently unprofitable.

Growing Profit Margin: 502865 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 502865 is unprofitable, and losses have increased over the past 5 years at a rate of 44.5% per year.

Accelerating Growth: Unable to compare 502865's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 502865 is unprofitable, making it difficult to compare its past year earnings growth to the Consumer Durables industry (57.7%).


Return on Equity

High ROE: 502865's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Financial Health

How is Forbes's financial position?


Financial Position Analysis

Short Term Liabilities: 502865 has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: 502865 has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: 502865 has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: 502865's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable 502865 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: 502865 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 47.9% per year.


Dividend

What is Forbes's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 502865's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 502865's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 502865's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 502865's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 502865 is not paying a notable dividend for the Indian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 502865's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.5yrs

Average management tenure


CEO

Mahesh Tahilyani (57 yo)

5.5yrs

Tenure

₹12,882,000

Compensation

Mr. Mahesh Chelaram Tahilyani serves as Chairman at Shapoorji Pallonji Forbes Ship since 2019. He has been Managing Director and a Director at Forbes & Company Limited since April 28, 2016. Mr. Tahilyani i...


CEO Compensation Analysis

Compensation vs Market: Mahesh's total compensation ($USD171.68K) is below average for companies of similar size in the Indian market ($USD379.82K).

Compensation vs Earnings: Mahesh's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: 502865's management team is seasoned and experienced (5.5 years average tenure).


Board Members

Experienced Board: 502865's board of directors are considered experienced (5.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Forbes & Company Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Forbes & Company Limited
  • Ticker: 502865
  • Exchange: BSE
  • Founded: 1767
  • Industry: Household Appliances
  • Sector: Consumer Durables
  • Market Cap: ₹69.326b
  • Shares outstanding: 12.73m
  • Website: https://www.forbes.co.in

Number of Employees


Location

  • Forbes & Company Limited
  • Forbes’ Building
  • Charanjit Rai Marg
  • Mumbai
  • Maharashtra
  • 400001
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/26 16:11
End of Day Share Price2021/10/26 00:00
Earnings2021/06/30
Annual Earnings2021/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.