Forbes & Co

BSE: FORBESCO · Household Appliances

52W Range₹242 ₹463

Snapshot

Unlock Forbes & Co's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Forbes & Co. Ltd. is a diversified conglomerate operating across health and hygiene products, precision engineering, real estate development, IT-enabled services, and shipping logistics. The company provides a wide array of solutions ranging from industrial cutting tools and water purification systems to electronic kiosks and logistics management.

Business Model

The company generates revenue through a multi-segment approach involving manufacturing, trading, and service-based contracts. It leverages its engineering expertise for industrial tools while maintaining a consumer-facing presence through household appliances and IT-enabled transaction services.

Growth Outlook

Growth is expected to be driven by the expansion of its IT-enabled services and the continued demand for precision engineering tools in both domestic and export markets. The company also focuses on leveraging its real estate portfolio and health and safety product offerings to capture emerging market opportunities.

Key Risks

  • Market Cyclicality. The company's exposure to real estate and shipping sectors makes it vulnerable to economic downturns and cyclical market fluctuations.
  • Operational Complexity. Managing a highly diversified portfolio across disparate industries like engineering, IT, and logistics poses significant operational and integration challenges.
  • Competitive Pressure. The household appliances and engineering tools segments face intense competition from both domestic players and international manufacturers.
  • Regulatory Risk. Changes in government regulations regarding real estate development and environmental standards for manufacturing could impact profitability.

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Key Metrics

P/E

17.3x

Q4 FY26 · consolidated

17.3 vs 1.4x5Y avg

EV/EBITDA

10.0x

Q4 FY26 · consolidated

10.0 vs 3.9x5Y avg

DEBT TO EQUITY

0.0x

Q4 FY26 · consolidated

-0.02xYoY

Peers · Household Appliances

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Forbes & CoFORBESCO
₹352 Cr17.289.9724.3%57.9%14.5%-34.7%
Epack DurableEPACK
₹1,821 Cr-230.8219.852.8%6.0%-0.8%6.2%-51.3%
Butterfly Gandhimathi Appliances LimitedBUTTERFLY
₹1,117 Cr23.2311.9911.4%9.5%13.8%18.3%-11.6%
Wonder Electricals LimitedWEL
₹1,019 Cr84.4833.974.4%11.4%18.8%-45.6%
Singer IndiaSINGERIND
₹479 Cr27.3014.6429.1%5.1%10.7%14.6%
Elin ElectronicsELIN
₹474 Cr-56.459.9114.6%3.6%-1.5%-0.4%-51.3%

As of Q4 FY26

Financials