The stock has been placed in Enhanced Surveillance Measure (ESM) list ESM - I (34).

Forcas Studio Ltd.

NSE: FORCAS

SME

Sector: Textiles

Industry Group: Textiles & Apparels

Industry: Garments & Apparels

198.00-7.4 (-3.60%)

21 Aug, 12:00 AM

Income Statement

Abridged

Understanding Income Statement

Forcas Studio Ltd. income statement covering revenue, operating profit, EBITDA, PAT and EPS across annual and quarterly periods.

Consolidated

Standalone

Annual

Interim

	2021 Mar 31	2022 Mar 31	2023 Mar 31	2024 Mar 31	2025 Mar 31	2026 Mar 31
	2021 Mar 31	2022 Mar 31	2023 Mar 31	2024 Mar 31	2025 Mar 31	2026 Mar 31
Period length: Source:	12M PR	12M PR	12M PR	12M AR	12M AR	12M PRESS
Total Revenue	50.51	53.20	69.60	40.48	142.24	197.65
Cost of Operating Revenue	43.84	45.83	52.90	29.92	100.79	142.33
Gross Profit	6.67	7.37	16.71	10.56	41.46	55.32
Gross Margin	13.2	13.9	24.0	26.1	29.1	28.0
Total Operating Expenses	47.97	50.50	67.45	37.08	128.86	177.22
Operating Profit	2.54	2.70	2.16	3.40	13.38	20.43
Operating Margin	5.0	5.1	3.1	8.4	9.4	10.3
Financing Income/(Expense) - Net	-2.36	-2.32	-2.87	-0.68	-1.95	-2.59
Profit before Taxes	0.56	0.78	1.15	2.72	11.65	18.19
Income Taxes	-0.03	-0.02	-0.03	0.58	3.02	4.55
Profit after Tax	0.58	0.81	1.17	2.14	8.63	13.64
PAT Margin	1.2	1.5	1.7	5.3	6.1	6.9
EPS - Basic - ex Extraordinary Items	0.33	0.46	0.67	1.66	5.50	7.76
EPS - Diluted - ex Extraordinary Items	0.33	0.46	0.67	1.66	5.50	7.76
EBIT	2.54	2.70	2.16	3.40	13.38	20.43
EBITDA	2.82	2.96	2.53	3.47	13.71	21.02
EBITDA Margin	5.6	5.6	3.6	8.6	9.6	10.6

Balance Sheet

Abridged

Understanding Balance Sheet

Forcas Studio Ltd. balance sheet covering assets, liabilities, equity and borrowings across annual and quarterly periods.

Consolidated

Standalone

Annual

Interim

	2021 Mar 31	2022 Mar 31	2023 Mar 31	2024 Mar 31	2025 Mar 31	2026 Mar 31
	2021 Mar 31	2022 Mar 31	2023 Mar 31	2024 Mar 31	2025 Mar 31	2026 Mar 31
Source:	PR	PR	PR	AR	AR	PRESS
Total Current Assets	44.18	38.61	32.90	55.56	85.56	156.63
Long-Term Investments	3.33	3.36	4.61	-	-	-
Property Plant & Equipment - Net	1.16	1.01	1.38	1.11	1.70	2.17
Total Non-Current Assets	4.73	4.72	6.34	10.38	5.46	6.40
Total Assets	48.91	43.33	39.24	65.93	91.01	163.03
Total Current Liabilities	32.73	28.05	25.57	43.96	25.86	78.92
Long Term Debt	9.05	6.97	5.06	1.98	1.45	0.10
Total Non-Current Liabilities	9.05	6.97	5.06	1.98	1.50	0.32
Total Liabilities	41.79	35.02	30.64	45.94	27.36	79.24
Total Shareholders' Equity	7.12	8.31	8.60	19.99	63.66	83.79
Total Equity	7.12	8.31	8.60	19.99	63.66	83.79
Total Liabilities & Equity	48.91	43.33	39.24	65.93	91.01	163.03

Cash Flow

Abridged

Understanding Cash Flow Statement

Forcas Studio Ltd. cash flow statement covering operating, investing and financing activities across annual and quarterly periods.

Consolidated

Standalone

Annual

Interim

	2021 Mar 31	2022 Mar 31	2023 Mar 31	2024 Mar 31	2025 Mar 31	2026 Mar 31
	2021 Mar 31	2022 Mar 31	2023 Mar 31	2024 Mar 31	2025 Mar 31	2026 Mar 31
Period length: Source:	12M PR	12M PR	12M PR	12M AR	12M AR	12M PRESS
Operating CF bef Changes in Working Cap	3.42	3.55	4.50	2.09	7.88	14.64
Working Capital - Increase/(Decrease)	-0.88	-1.03	0.84	-42.85	-19.60	-58.99
Net CF from Operating Activities	2.54	2.51	5.34	-40.76	-11.72	-44.35
Capital Expenditures - Net	0.19	0.11	0.74	1.18	0.92	1.06
Net CF from Investing Activities	-0.19	-0.11	-0.74	-9.64	4.31	-1.46
Stock - Issuance/(Retirement) - Net	-	-	-	19.83	36.49	6.53
Debt - LT & ST - Issuance/(Retirement) - Total	-0.18	-0.18	-0.95	30.91	-20.98	31.33
Net Cash Flow from Financing Activities	-2.17	-2.29	-4.81	50.74	15.51	37.83
Free Cash Flow to Equity	2.17	2.22	3.65	-11.03	-33.61	-14.08
Free Operating CF net dividend	2.35	2.40	4.60	-41.94	-12.64	-45.41
Free Operating CF	2.35	2.40	4.60	-41.94	-12.64	-45.41

Business Segment Analysis

FY End:

Mar 25

Forcas Studio Ltd. business segment breakdown covering revenue, operating income and assets across key divisions for the selected financial year.

Capex

Apparel & Accessories (100.0%)₹ 0.93 Cr

Revenue / Sales

Apparel & Accessories (100.0%)₹ 142.24 Cr

Assets

Apparel & Accessories (100.0%)₹ 91.01 Cr

Operating Income

Apparel & Accessories (100.0%)₹ 13.38 Cr

Regional Segment Analysis

Forcas Studio Ltd. geographic revenue split showing domestic and international market performance across revenue and income for the selected financial year.

We don't have enough data to show regional segment analysis for Forcas Studio Ltd.

Historical Segment Analysis

Track how Forcas Studio Ltd. segment contributions have evolved over multiple financial years to see which divisions are growing, shrinking or gaining strategic importance.

Capex

Sales

Assets

Operating Income

Business

Regional

Business

	2021 Mar 31	2022 Mar 31	2023 Mar 31	2024 Mar 31	2025 Mar 31
	2021 Mar 31	2022 Mar 31	2023 Mar 31	2024 Mar 31	2025 Mar 31
Apparel & Accessories	0	0	1	1	1

Frequently Asked Questions

What is the revenue of Forcas Studio Ltd.?

The latest trailing twelve month revenue of Forcas Studio Ltd. is ₹ 197.65 Cr, reflecting a 1-year growth of 38.95% and a 3-year CAGR of 41.61%. Annual and quarterly revenue trends are available in the Income Statement section.

What is the net profit of Forcas Studio Ltd.?

The latest trailing twelve month net profit (PAT) of Forcas Studio Ltd. is ₹ 13.64 Cr, with a 3-year earnings CAGR of 126.64%. Detailed profit history across annual and quarterly periods is in the Income Statement section.

What is the EBITDA of Forcas Studio Ltd.?

The trailing twelve month EBITDA of Forcas Studio Ltd. is approximately ₹ 20.43 Cr (based on an operating margin of 10.34%). EBITDA reflects core operating profitability before interest, taxes, depreciation and amortisation.

What is the EPS of Forcas Studio Ltd.?

The trailing twelve month Earnings Per Share (EPS) of Forcas Studio Ltd. is 7.76. EPS trends across annual and quarterly periods are visible in the Income Statement section.

What is the debt level of Forcas Studio Ltd.?

The debt-to-equity ratio of Forcas Studio Ltd. stands at 0.53. The interest coverage ratio is 7.88x, reflecting the company's ability to service debt from operating earnings. The full breakdown of total borrowings is in the Balance Sheet section.

What is the book value per share of Forcas Studio Ltd.?

The estimated book value per share of Forcas Studio Ltd. is 47.66 (derived from a P/B ratio of 4.15 and market price of ₹ 198.00), reflecting the net asset value attributable to each share. See the Balance Sheet section for a full breakdown.

What is the cash flow from operations of Forcas Studio Ltd.?

The trailing twelve month operating cash flow of Forcas Studio Ltd. is ₹ -44.35 Cr. Annual and quarterly cash flow data is available in the Cash Flow section of the Statements tab.

Does Forcas Studio Ltd. report consolidated or standalone financials?

Forcas Studio Ltd. reports consolidated financials. You can toggle between consolidated and standalone views using the switch at the top of each statement section.