Past 10 year's financial track record analysis by Moneyworks4me indicates that Foce India Ltd is a average quality company.
The key valuation ratios of Foce India 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 Foce India Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 0.5% | 18.9% | 35.7% | 26.5% | 26.7% | 22% | 1.5% | 2% | - |
| Value Creation Index ⓘ | -1.0 | 0.4 | 1.6 | 0.9 | 0.9 | 0.6 | -0.9 | -0.9 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||
| Sales ⓘ | 5 | 21.7 | 62.1 | 54.4 | 76.9 | 149 | 14.6 | 16.5 | 17 |
| Sales YoY Gr. | - | 332.1% | 186.2% | -12.3% | 41.3% | 93.7% | -90.2% | 13.6% | - |
| Adj EPS ⓘ | -0 | 2.4 | 5.2 | 4 | 5 | 7.9 | 0.4 | 1 | 1 |
| YoY Gr. | - | NA | 115.9% | -22.1% | 24.1% | 58.1% | -95.2% | 163.2% | - |
| BVPS (₹) ⓘ | 11.9 | 14.3 | 19.4 | 21.7 | 26.7 | 71 | 71.5 | 72.5 | 72.5 |
| Adj Net Profit ⓘ | 0 | 0.7 | 1.6 | 1.6 | 2 | 3.9 | 0.2 | 0.5 | 0 |
| Cash Flow from Ops. ⓘ | 0 | 0 | 0.5 | -1.1 | 3.1 | -11.2 | -9.1 | 0.6 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | 0.3 | -0.5 | 0 | -0.1 | -2.9 | 44.2 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | -23.3% | -40.1% | 13.6% | ||||
| Adj EPS ⓘ | NA | -28% | -41.5% | 163.2% | ||||
| BVPSⓘ | NA | 30.2% | 39.5% | 1.4% | ||||
| Share Price | - | - | - | 87.5% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -0.1 | 18.2 | 27.9 | 20.4 | 20.5 | 17 | 0.5 | 1.4 | 1.4 |
| Op. Profit Mgn % ⓘ | 1.3 | 4.9 | 3.7 | 4 | 3.5 | 3.4 | 4.9 | 7.6 | NAN |
| Net Profit Mgn % ⓘ | -0.1 | 3.4 | 2.6 | 3 | 2.6 | 2.6 | 1.3 | 3 | 3 |
| Debt to Equity ⓘ | 0.5 | 0.2 | 0 | 0.1 | 0 | 0 | 0.8 | 0.7 | - |
| Working Cap Days ⓘ | 0 | 162 | 75 | 82 | 109 | 75 | 1,098 | 1,308 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 68 | 30 | 47 | 39 | 14 | 115 | 102 | 0 |
No data to display
Return on Equity has declined versus last 3 years average to 1.40%
Sales growth has been subdued in last 3 years -40.10%
Net Profit has been subdued in last 3 years -41.48%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 1 | 32.5 |
| TTM Sales (₹ Cr.) | 16.5 | 80.3 |
| BVPS (₹.) ⓘ | 72.5 | 131.6 |
| Reserves (₹ Cr.) ⓘ | 31 | 60 |
| P/BV ⓘ | 21.31 | 11.74 |
| PE ⓘ | 0.00 | 47.57 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 756 |
| Equity (₹ Cr.) | 4.9 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 69 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|
| Sales | 5 | 22 | 62 | 54 | 77 | 149 | 15 | 17 |
| Operating Expenses ⓘ | 5 | 21 | 60 | 52 | 74 | 144 | 14 | 15 |
| Manufacturing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Material Costs | 5 | 20 | 59 | 51 | 73 | 142 | 12 | 15 |
| Employee Cost | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Costs ⓘ | 0 | 0 | 1 | 1 | 1 | 2 | 1 | 1 |
| Operating Profit ⓘ | 0 | 1 | 2 | 2 | 3 | 5 | 1 | 1 |
| Operating Profit Margin (%) | 1.3% | 4.9% | 3.6% | 4.0% | 3.5% | 3.4% | 4.8% | 7.6% |
| Other Income ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Depreciation ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0 | 1 | 2 | 2 | 3 | 5 | 0 | 1 |
| Tax ⓘ | 0 | 0 | 1 | 1 | 1 | 1 | 0 | 0 |
| Profit After Tax | 0 | 1 | 2 | 2 | 2 | 4 | 0 | 0 |
| PAT Margin (%) | -0.1% | 3.4% | 2.6% | 3.0% | 2.6% | 2.6% | 1.3% | 2.9% |
| Adjusted EPS (₹) | 0.0 | 2.4 | 5.2 | 4.0 | 5.0 | 7.9 | 0.4 | 1.0 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 4 | 4 | 6 | 9 | 11 | 35 | 35 | 35 | ||
| Share Capital ⓘ | 3 | 3 | 3 | 4 | 4 | 5 | 5 | 5 | ||
| Reserves ⓘ | 1 | 1 | 3 | 5 | 7 | 30 | 30 | 31 | ||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Debt | 2 | 1 | 0 | 1 | 0 | 1 | 26 | 24 | ||
| Long Term Debt | 2 | 1 | 0 | 1 | 0 | 0 | 0 | 0 | ||
| Short Term Debt | 0 | 0 | 0 | 0 | 0 | 1 | 26 | 24 | ||
| Trade Payables | 2 | 6 | 7 | 1 | 27 | 2 | 1 | 1 | ||
| Others Liabilities ⓘ | 0 | 0 | 1 | 1 | 0 | 0 | 1 | 0 | ||
| Total Liabilities ⓘ | 8 | 12 | 14 | 11 | 37 | 38 | 64 | 61 | ||
Fixed Assets | ||||||||||
| Gross Block | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Accumulated Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Net Fixed Assetsⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | 11 | 2 | 2 | ||
| Inventories | 4 | 2 | 3 | 0 | 2 | 2 | 2 | 1 | ||
| Trade Receivables | 3 | 8 | 9 | 10 | 32 | 4 | 5 | 4 | ||
| Cash Equivalents | 0 | 0 | 1 | 0 | 2 | 0 | 1 | 1 | ||
| Others Assetsⓘ | 1 | 1 | 1 | 1 | 0 | 20 | 54 | 52 | ||
| Total Assets ⓘ | 8 | 12 | 14 | 11 | 37 | 38 | 64 | 61 | ||
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 0 | 0 | 0 | -1 | 3 | -11 | -9 | 1 |
| PBT ⓘ | 0 | 0 | 2 | 2 | 3 | 5 | 0 | 1 |
| Adjustment ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Changes in Working Capital ⓘ | 0 | 0 | -1 | -3 | 1 | -15 | -9 | 0 |
| Tax Paid ⓘ | 0 | 0 | -1 | -1 | -1 | -1 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | 0 | 0 | 0 | 0 | 0 | -11 | 9 | 0 |
| Capex | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | -11 | 9 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | 0 | 0 | 0 | 1 | -1 | 21 | 0 | 0 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 1 | 0 | 0 | 20 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | -1 | 0 | -1 | 1 | 0 | 0 |
| Interest Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Cash Flow ⓘ | 0 | 0 | 1 | 0 | 2 | -1 | 0 | 1 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -0.11 | 18.18 | 30.58 | 21.98 | 20.61 | 16.96 | 0.53 | 1.38 | ||
| ROCE (%) | 0.53 | 18.86 | 35.67 | 26.49 | 26.71 | 21.96 | 1.47 | 2.04 | ||
| Asset Turnover Ratio | 0.66 | 2.2 | 4.75 | 4.32 | 3.16 | 3.95 | 0.29 | 0.27 | ||
| PAT to CFO Conversion(x) | N/A | 0 | 0 | -0.5 | 1.5 | -2.75 | N/A | N/A | Working Capital Days | |
| Receivable Days | 225 | 97 | 52 | 65 | 100 | 44 | 106 | 100 | ||
| Inventory Days | 255 | 50 | 17 | 13 | 7 | 6 | 52 | 29 | ||
| Payable Days | 172 | 77 | 41 | 29 | 70 | 37 | 45 | 25 | ||
Foce India is mainly engaged in the business of supply, distribution and retailing of various types of wrist watches such as Analog, Digital, Chronograph, Designer etc. which are either custom built or general in nature.
Presently, the company is procuring its entire requirement of watches and other products from its group concern namely Foce Industries, a partnership firm, which is engaged in the business of manufacturing /assembling of wrist watches at Guwahati, Assam. On April 06, 2021, it has incorporated a wholly owned subsidiary company namely FO Industries in Mumbai with an object to carry on the business of manufacturing/ assembling of watches and other products and the facilities is being located at Bhiwandi, Near Mumbai. This subsidiary was incorporated to increase supply of finished products and minimize our dependency on its group concern. This subsidiary is likely to commence its business in the month of December, 2021 and the funds required for investment in subsidiary is met out of the internal accrual of the company.
The company has a strong customer profile across India and provide after sales service to their satisfaction. Its core strength lies in Customer’s Loyalty, Dedicated Team, Excellent Quality Products, Strong Resources, and Marketing Network & Prompt Delivery. It value its customers and aim to exceed customer expectations by fulfilling valuable commitments. Its customer-oriented approach and cordial relations with them are the key strengths of the company.
Business area of the company
The company manufactures and imports wrist watches under various brand names and has become one of the front runners in the mid-range segment.
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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