Forcas Studio Ltd (FORCAS) — shareholding pattern, promoter holding, financials and share price
About Forcas Studio Ltd (FORCAS)
Forcas Studio Ltd operates in the Garments & Apparels industry, within the Textiles sector. It trades on the NSE as FORCAS and on the BSE under scrip code 92990. Its ISIN is INE0U2501017.
Incorporated in April 2010, Forcas Studio Limited sells men's clothing, including shirts, jeans, t-shirts, trousers, cotton pants, sportswear, party wear, fashion wear, and boxers. [1]
Forcas Studio Limited is primarily engaged in manufacturing and selling men's garments including T-shirts, trousers, and more. They operate through their own brand and white-labeling agreements.
The company has shown significant growth, with a 50% increase in overall revenue compared to the previous year, driven by new product categories and expanded e-commerce strategies.
Listed peers in Garments & Apparels: C P S Shapers Ltd, Saraswati Saree Depot Ltd, Zodiac Clothing Company Ltd, VIP Clothing Ltd, Active Clothing Co Ltd, Fractal Industries Ltd.
Valuation & Returns
10 Jul 2026At ₹146.5 a share on 10 Jul 2026, Forcas Studio Ltd (FORCAS) was valued at a price-to-earnings ratio of 18.88x against an industry P/E of 32.15x and a price-to-book of 3.07x on a book value of ₹47.66 per share. Solomo computes return on equity of 16.28% and return on capital employed of 16.17% from filed results.
- P/E
- 18.88x
- Industry P/E
- 32.15x
- P/B
- 3.07x
- EPS (TTM)
- ₹7.76
- Book value / share
- ₹47.66
- ROE
- 16.28%
- ROCE
- 16.17%
- ROA
- 8.42%
- Debt / equity
- 0.53x
- Dividend yield
- 0%
- EBITDA margin
- 10.81%
- 52-week range
- ₹91.5 – ₹148.95
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
2 2024In the year ended 2 2024, Forcas Studio Ltd (FORCAS) reported revenue of ₹24.18 crore and net profit of ₹1.17 crore. That compares with revenue of ₹198 crore and net profit of ₹14 crore in Mar 2026. Figures are standalone, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹114 crore and net profit ₹8 crore (standalone).
| Metric | Feb 2024 1m | Mar 2024 | Mar 2025 | Mar 2026 | 2 2024 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 24 | 41 | 153 | 198 | 24.18 |
| Net profit (₹ cr) | 1 | 2 | 9 | 14 | 1.17 |
| EPS (₹) | 0.91 | 1.66 | 4.91 | 7.76 | - |
| Measure | 3Y | 1Y |
|---|---|---|
| Sales growth | 38.80% | 269.83% |
| Profit growth | 120.30% | 303.27% |
Ownership Summary
Mar 2026As of Mar 2026, promoters hold 60.3% of Forcas Studio Ltd (FORCAS). Market capitalisation was ₹258 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Sep 2024.
Largest disclosed public shareholders in Mar 2026: ATUL KHEMKA 3.19%, BANSIDHAR INFRASTRUCTURE LLP 2.68%, AJAY UPADHYAYA 2.43%, HORIZON STOCK & BROKING SERVICES 1.78%, PROGNOSIS SECURITIES PRIVATE LIMITED 1.22%, VARSHA RAJIV AGARWAL 1.1%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Mar 2026 | 60.3% | - | - | - | - |
| Sep 2025 | 60.3% | - | - | - | - |
| Mar 2025 | 60.3% | - | - | - | - |
| Sep 2024 | 60.3% | - | - | - | - |