Forbes & Company Ltd logo

Forbes & Company Ltd

NSE: FORBESGOK BSE: 502865

₹272.15

-3.20 (1.16%)

Sun, 25 Oct 2026, 06:46 am

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Market Cap (in Cr)355.16
PE Ratio28.84
Dividend0
Producer ManufacturingProducer Manufacturing
Industrial MachineryIndustrial Machinery
24.5K24.5K

Forbes & Company Analysis

dividend

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Pros

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    Cons

    • Forbes is not paying a notable dividend for India, therefore no need to check if the payments are increasing.
    • No need to calculate the sustainability of Forbes's dividends as it is not paying a notable one for India.
    • Forbes is not paying a notable dividend for India, therefore no need to check if the payments are stable.
    • Forbes's pays a lower dividend yield than the bottom 25% of dividend payers in India (0.76%).
    • Forbes's dividend is below the markets top 25% of dividend payers in India (3.08%).

    health

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    Pros

    • Whilst loss making Forbes has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -47.3% per year.
    • Whilst loss making Forbes has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
    • Debt is well covered by operating cash flow (28.2%, greater than 20% of total debt).
    • Debt is covered by short term assets, assets are 1.8x debt.
    • Forbes's cash and other short term assets cover its long term commitments.
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    Cons

    • Forbes's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
    • The level of debt compared to net worth has increased over the past 5 years (183.8% vs 419.9% today).
    • Forbes is making a loss, therefore interest payments are not well covered by earnings.
    • Forbes's level of debt (419.9%) compared to net worth is high (greater than 40%).
    • High level of physical assets or inventory.

    management

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    Pros

    • The tenure for the Forbes board of directors is about average.
    • Mahesh's remuneration is about average for companies of similar size in India.
    • The tenure for the Forbes management team is about average.
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    Cons

    • Mahesh's compensation has increased whilst company is loss making.

    misc

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    Pros

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      Cons

      • Forbes is not covered by any analysts.
      • Forbes's last earnings update was 215 days ago.
      • Forbes has significant price volatility in the past 3 months.

      past

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      Pros

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        Cons

        • Unable to compare Forbes's 1-year earnings growth to the 5-year average as it is not currently profitable.
        • Forbes does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
        • It is difficult to establish if Forbes has efficiently used its assets last year compared to the IN Consumer Durables industry average (Return on Assets) as it is loss-making.
        • It is difficult to establish if Forbes improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
        • It is difficult to establish if Forbes has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
        • Unable to compare Forbes's 1-year growth to the IN Consumer Durables industry average as it is not currently profitable.

        value

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        Pros

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          Cons

          • Forbes's share price is below the future cash flow value, but not at a moderate discount (< 20%).
          • Forbes's share price is below the future cash flow value, but not at a substantial discount (< 40%).
          • Forbes is overvalued based on assets compared to the IN Consumer Durables industry average.
          • Forbes is loss making, we can't compare its value to the IN Consumer Durables industry average.
          • Forbes is loss making, we can't compare the value of its earnings to the India market.
          • 502865 underperformed the Consumer Durables industry which returned 5.6% over the past year.
          • 502865 underperformed the Market in India which returned -14.5% over the past year.
          • BSE:502865 is down -2% underperforming the Consumer Durables industry which returned 6.7% over the past month.
          • BSE:502865 is down -2% underperforming the market in India which returned 8% over the past month.
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