Forcas Studio Limited

NSE: FORCAS · Unclassified

₹188.15-1.49%06 Nov 2026

Ask the data

Instant answers about Forcas Studio Limited — computed from its filings, no language model

Market cap₹331 cr

Current price₹188.15

High / Low₹246 / ₹92

P/E18.5

P/B3.53

Book value₹53.3

ROE19.1%

ROCE16.3%

Debt / equity0.81

Dividend yield—

EPS (TTM)₹10.19

Face value₹10

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

	FY25	FY26
Revenue	142.2	197.7
EBITDA	13.4	21.0
Operating margin	9.4%	10.6%
Interest	2.2	2.6
Depreciation	0.3	0.6
Profit before tax	11.7	18.2
Tax	3.0	4.5
Net profit	8.6	13.6
EPS ₹	5.52	7.76
Operating cash flow	-4.2	-42.0
Capex	0.9	1.1
Dividend paid	0.0	0.0
Total assets	91.0	163.0
Equity	63.7	83.8

Half-yearly performance

last 5 half years · ₹ crore

	H1 FY25	H2 FY25	H1 FY26	H2 FY26	H1 FY27
Revenue	55.6	86.7	83.7	114.0	130.3
Operating profit	5.2	8.3	8.9	12.2	15.3
Operating margin	9.3%	9.5%	10.6%	10.7%	11.7%
Other income	0.5	0.3	0.1	0.3	0.7
Interest	1.6	0.7	0.9	1.7	2.5
Depreciation	0.1	0.2	0.1	0.4	0.3
Profit before tax	3.9	7.7	7.9	10.3	13.2
Tax	1.0	2.0	2.1	2.4	3.2
Net profit	2.9	5.7	5.8	7.9	10.0
EPS ₹	2.10	3.42	3.30	4.50	5.68
Revenue YoY	—	—	50.5%	31.5%	55.8%
Profit YoY	—	—	99.7%	38.5%	71.9%

Returns & margins

trailing-twelve-month, per half year

	H2 FY25	H1 FY26	H2 FY26	H1 FY27
ROE	13.6%	16.6%	16.4%	19.1%
ROCE	18.0%	16.6%	16.2%	16.3%
Net margin	6.1%	6.8%	6.9%	7.3%
EBITDA margin	9.4%	10.1%	10.6%	11.2%
Debt / equity	0.21	0.49	0.53	0.81
Interest coverage	6.17	10.81	8.02	6.71
Asset turnover	1.56	1.56	1.21	1.26

Balance sheet

equity vs borrowings over time · ₹ crore

	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	17.6	17.6	17.6	17.6	17.6
Other equity / reserves	40.4	46.1	51.9	59.7	69.7
Total equity	58.0	63.7	69.4	83.8	93.8
Borrowings	19.3	13.4	34.1	44.7	75.9
Current liabilities	24.6	25.9	38.6	78.9	100.2
Non-current liabilities	0.0	1.5	1.5	0.3	0.6
Total assets	82.6	91.0	109.5	163.0	194.6
Property, plant & equipment	1.0	1.7	2.3	2.2	2.0
Investments	0.0	0.0	0.0	0.0	0.0
Inventories	25.7	33.5	61.0	83.0	104.9
Receivables	29.7	38.3	29.9	65.5	66.0
Cash & equivalents	1.6	8.4	0.5	0.5	0.7

Cash flow

annual · ₹ crore · line = free cash flow

	FY25	FY26
Cash from operations	-4.2	-42.0
Cash from investing	-0.9	-1.2
Cash from financing	13.3	35.2
Capex	0.9	1.1
Free cash flow	-5.2	-43.1
Dividends paid	0.0	0.0

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹2.0 cr1%

Inventories

₹104.9 cr54%

Receivables

₹66.0 cr34%

Cash & equivalents

₹0.7 cr0%

Other assets

₹21.0 cr11%

Peer comparison

largest in Unclassified · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Avantel Limited	36,86,04,549	138.69	—	1059360.68	0.0%
Ducol Organics And Colours Limited	19,55,275	120.00	—	20089.13	0.0%
Jio Platforms Limited	12,57,181	1,406.40	—	3.57	—
SBI Funds Management Limited	1,01,750	499.55	—	—	—
Tamilnadu Telecommunication Limited	91,314	9.93	—	—	—
Manipal Health Enterprises Limited	76,294	646.70	—	—	—
INDO-MIM Limited	59,042	1,219.50	—	—	—
AvenuesAI Limited	45,138	129.25	153.6	9.51	6.2%
Dhoot Transmission Limited	32,761	1,601.60	—	8.11	—
3M India Limited	31,071	27,570.00	53.8	17.57	32.7%
Forcas Studio Limited	331	188.15	18.5	3.53	19.1%

StoxGud checklist: Bullish setup · 7/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-21.6%

6 months+88.1%

1 year+77.4%

3Y CAGR—

5Y CAGR—

10Y CAGR—

50-day avg₹218.69

200-day avg₹145.35

RSI (14)17

FAQs

What is the share price of Forcas Studio Limited?

Forcas Studio Limited (FORCAS) closed at ₹188.15 on NSE on 06 Nov 2026.

What is the market cap of Forcas Studio Limited?

₹331 crore at the latest close.

What is the P/E ratio of Forcas Studio Limited?

18.5, on trailing-twelve-month earnings from its filings.

How fast is Forcas Studio Limited growing?

Forcas Studio Limited: Latest-half-year revenue is up 55.8% year on year, profit up 71.9%.

How profitable is Forcas Studio Limited?

On a trailing-twelve-month basis return on equity is 19.1%, return on capital employed 16.3%, operating margin 11.2%, net margin 7.3%.

How much debt does Forcas Studio Limited have?

Forcas Studio Limited is moderately geared: debt to equity is 0.81 with borrowings of ₹76 cr against cash of ₹1 cr (balance sheet of 2026-09-30). Operating profit covers interest 6.7 times.

Financials parsed from Forcas Studio Limited's own XBRL filings to NSE (standalone), ₹ crore unless marked. Half-yearly from H1 FY25, annual from FY25, balance sheet from Sep '24. * = derived (full year minus the other half). This company is on NSE's SME platform and reports results half-yearly. Information only, not investment advice.