Forcas Studio Limited

NSEI:FORCAS Stock Report

Market Cap: ₹1.7b

Forcas Studio Past Earnings Performance

Past criteria checks 4/6

Forcas Studio has been growing earnings at an average annual rate of 39%, while the Luxury industry saw earnings growing at 11.7% annually. Revenues have been growing at an average rate of 22.9% per year. Forcas Studio's return on equity is 16.3%, and it has net margins of 6.9%.

Key information

39.02%

Earnings growth rate

28.68%

EPS growth rate

Luxury Industry Growth17.62%
Revenue growth rate22.87%
Return on equity16.28%
Net Margin6.90%
Last Earnings Update31 Mar 2026

Recent past performance updates

Analysis Article Nov 22

Forcas Studio (NSE:FORCAS) Strong Profits May Be Masking Some Underlying Issues

Forcas Studio Limited's ( NSE:FORCAS ) robust recent earnings didn't do much to move the stock. However the statutory...

Recent updates

Analysis Article Nov 22

Forcas Studio (NSE:FORCAS) Strong Profits May Be Masking Some Underlying Issues

Forcas Studio Limited's ( NSE:FORCAS ) robust recent earnings didn't do much to move the stock. However the statutory...
Analysis Article Oct 28

Market Still Lacking Some Conviction On Forcas Studio Limited (NSE:FORCAS)

When close to half the companies in India have price-to-earnings ratios (or "P/E's") above 28x, you may consider Forcas...

Revenue & Expenses Breakdown

How Forcas Studio makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

NSEI:FORCAS Revenue, expenses and earnings (INR Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 261,976136410
31 Dec 251,8401261610
30 Sep 251,7031152810
30 Jun 251,5631012800
31 Mar 251,422862800
30 Sep 241,8821072980
30 Jun 241,751962910
31 Mar 241,619862850
29 Feb 241,04813250
31 Mar 2369612260
31 Mar 225328210
31 Mar 215056180

Quality Earnings: FORCAS has a high level of non-cash earnings.

Growing Profit Margin: FORCAS's current net profit margins (6.9%) are higher than last year (6.1%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: FORCAS's earnings have grown significantly by 39% per year over the past 5 years.

Accelerating Growth: FORCAS's earnings growth over the past year (58%) exceeds its 5-year average (39% per year).

Earnings vs Industry: FORCAS earnings growth over the past year (58%) exceeded the Luxury industry 15%.


Return on Equity

High ROE: FORCAS's Return on Equity (16.3%) is considered low.


Return on Assets


Return on Capital Employed


Discover strong past performing companies

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/15 18:43
End of Day Share Price 2026/06/15 00:00
Earnings2026/03/31
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Forcas Studio Limited is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.