Forbes & Company Ltd. (FORBESCO) Share Price Soars with 9.64% Gain

Forbes & Company Ltd. Share Price rises by 9.64% to Rs 274.05, marking a significant gain in the micro cap category.

Forbes & Company Ltd. Share Price today saw a remarkable increase, closing at Rs 274.05, up by 9.64% from the previous close of Rs 249.95. This significant price rise places the company in the spotlight as a top gainer in the micro cap category. With a market capitalisation of Rs 315.82 crore, Forbes & Company Ltd. has captured investor attention, despite the absence of a clear company-specific catalyst in the supplied data.

Today's rally in Forbes & Company Ltd. Share Price is noteworthy, especially considering the company's position within the Capital Goods sector, specifically in the Engineering – Industrial Equipments industry. The stock opened at Rs 257 and reached a high of Rs 280.05, indicating strong intraday momentum. The turnover for the day was Rs 0.08 crore, with a total volume of 2,813 shares traded on the BSE.

Forbes & Company Ltd. (FORBESCO) Share Price Today: Price Action Analysis

Metric	Value
Current Price	Rs 274.05
Previous Close	Rs 249.95
Today's Change	+Rs 24.1 (+9.64%)
Day Open	Rs 257
Day High	Rs 280.05
Day Low	Rs 257
Current Volume (BSE)	2,813
BSE Traded Volume	2,813
Combined NSE + BSE Volume	2,813
Turnover	Rs 0.08 crore
Market Capitalisation	Rs 315.82 crore
Market Cap Category	Micro Cap

Forbes & Company Ltd. (FORBESCO) traded at Rs 274.05. versus the previous close of Rs 249.95, a rise of 9.64%. The stock opened at Rs 257, reached Rs 280.05, touched Rs 257. Reported volume was 2,813.

Forbes & Company Ltd. (FORBESCO) Fundamental Analysis

Metric	Value
Market Capitalisation	Rs 315.82 crore
P/E Ratio	24.04x
P/B Ratio	1.62x
ROE	0%
ROCE	-80.79%
EPS	Rs 10.4
Dividend Yield	0%

Forbes & Company Ltd. was valued at a P/E ratio of 24.04x, a P/B ratio of 1.62x. These multiples provide valuation context, but they should not be labelled expensive or inexpensive without a comparable peer or sector benchmark.

Profitability and capital efficiency were represented by ROE of 0% and ROCE of -80.79%. ROE relates profit to shareholder equity, while ROCE measures returns generated on the capital employed in the business.

Per-share and shareholder-return metrics included EPS of Rs 10.4, dividend yield of 0%. Dividend yield is a current or historical ratio and does not guarantee future distributions.

Forbes & Company Ltd. operates within the Capital Goods sector, focusing on Engineering – Industrial Equipments. With a market capitalisation of Rs 315.82 crore, the company is classified as a micro cap. The current P/E ratio stands at 24.04, which is slightly above the industry median of 23.17 but well below the average of 64.56, indicating a relatively moderate valuation.

The company's P/B ratio is 1.62, which is below the industry median of 2.5, suggesting a potentially undervalued position relative to its book value. However, the ROE is 0, and the ROCE is significantly negative at -80.79, indicating challenges in generating returns on equity and capital employed. The EPS is Rs 10.4, providing a measure of earnings attributable to each share, while the dividend yield is 0, reflecting no historical payout.

These fundamental metrics highlight a mixed financial position, with valuation ratios suggesting moderate pricing but profitability measures indicating operational challenges. Investors may need to consider these factors when evaluating the company's potential for future growth and profitability.

Sector and Industry Context

Metric	Value
Sector	Capital Goods
Industry	Engineering – Industrial Equipments
Benchmark Scope	same industry
Company P/E Ratio	24.04x
Benchmark Median P/E	23.17x
Benchmark Average P/E	64.56x
Benchmark P/E Range	0.19x to 2,884.74x
Company P/B Ratio	1.62x
Benchmark Median P/B	2.5x
Company ROE	0%
Benchmark Median ROE	9.24%
Company ROCE	-80.79%
Benchmark Median ROCE	12.37%
Company Market Capitalisation	Rs 315.82 crore
Benchmark Median Market Cap	Rs 198.27 crore

Forbes & Company Ltd. (FORBESCO) is classified under sector: Capital Goods and industry: Engineering – Industrial Equipments.

Forbes & Company Ltd. (FORBESCO) has a P/E ratio of 24.04x, which is above the benchmark median of 23.17x, a difference of +3.75%. P/E is a valuation multiple and is not, by itself, a buy or sell signal.

Forbes & Company Ltd. (FORBESCO) has a ROE of 0%, which is below the benchmark median of 9.24%, a difference of -100%. Forbes & Company Ltd. (FORBESCO) has a ROCE of -80.79%, which is below the benchmark median of 12.37%, a difference of -753.11%.

Track today's top gainers through the Univest top gainers screener. The peer table below provides the company-level comparison.

Forbes & Company Ltd. is part of the Capital Goods sector, specifically within the Engineering – Industrial Equipments industry. The sector benchmark includes 136 companies, providing a comprehensive view of industry standards. The company's P/E ratio of 24.04 is slightly above the median of 23.17, positioning it moderately within the industry.

The sector's P/B median is 2.5, while Forbes & Company Ltd. has a P/B of 1.62, indicating a lower valuation relative to its peers. The company's ROE is 0, which is below the industry median of 9.24, and the ROCE is -80.79, significantly lower than the median of 12.37. These figures suggest that while the company may be attractively priced, its operational efficiency and profitability are areas of concern.

The market capitalisation of Rs 315.82 crore places Forbes & Company Ltd. below the industry median of Rs 198.27 crore, highlighting its smaller scale within the sector. This context is essential for investors considering the company's position and potential within the broader industry landscape.

Peer Comparison

Company	Symbol	Market Cap (Cr)	P/E	P/B	ROE (%)	ROCE (%)
MPF Systems Ltd.	MPFSL	74,50,914.88	0.19	0.22	0	0
HLE Glascoat Ltd.	HLEGLAS	2,969.19	76.68	7.46	54.6	41.93
Windsor Machines Ltd.	WINDMACHIN	2,867.38	0	3.73	3.87	4.98
Concord Control Systems Ltd.	CNCRD	2,634.22	66.25	14.82	33.89	29.55
Kilburn Engineering Ltd.	KLBRENGB	2,446.66	34.17	3.2	-121.35	-63.75

Forbes & Company Ltd. (FORBESCO) has a P/E ratio of 24.04x compared with the displayed peer median of 34.17x. This is a relative valuation comparison, not a buy or sell signal. Its ROE of 0% compares with a peer median of 3.87% across the companies shown in the table. ROCE stood at -80.79% versus the displayed peer median of 4.98%, providing a capital-efficiency comparison. Forbes & Company Ltd. (FORBESCO) has a market capitalisation of Rs 315.82 crore. Among the 5 peers shown, 5 have a larger market capitalisation.

In comparison to its peers within the Capital Goods sector, Forbes & Company Ltd. presents a mixed profile. The company's P/E ratio of 24.04 is lower than peers like HLE Glascoat Ltd. (76.68) and Concord Control Systems Ltd. (66.25), suggesting a more moderate valuation. However, its P/B ratio of 1.62 is also lower than many peers, indicating a potential undervaluation relative to book value.

Forbes & Company Ltd.'s ROE of 0 and ROCE of -80.79 contrast sharply with peers such as JNK India Ltd., which boasts an ROE of 44.75 and ROCE of 52.78. This comparison underscores the company's challenges in profitability and operational efficiency, areas that may require strategic focus for improvement.

Why Investors Are Watching Forbes & Company Ltd.

Investors are closely monitoring Forbes & Company Ltd. due to its significant price rise and position within the micro cap category. The company's moderate valuation metrics, coupled with operational challenges, present a complex investment profile.

• Significant price rise of 9.64% today.
• Moderate P/E ratio of 24.04, slightly above industry median.
• Challenges in profitability with ROE at 0 and ROCE at -80.79.
• Position within the Capital Goods sector, Engineering – Industrial Equipments industry.

Investors should continue to monitor the company's financial performance, sector trends, and any strategic initiatives that may impact its future growth and profitability.

About Forbes & Company Ltd.

Forbes & Company Ltd. operates in the Capital Goods sector, focusing on Engineering – Industrial Equipments. The company is involved in manufacturing and providing industrial equipment solutions, catering to various industrial needs. Its operations are primarily concentrated in the engineering segment, where it aims to deliver innovative and efficient solutions to its clients.

With a market capitalisation of Rs 315.82 crore, Forbes & Company Ltd. is a micro cap entity, which often experiences more pronounced price movements due to lower trading volumes. The company's strategic focus on engineering solutions positions it within a competitive industry landscape, where operational efficiency and innovation are critical to success.

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Frequently Asked Questions

What is the current share price of Forbes & Company Ltd.?

Ans. The current share price of Forbes & Company Ltd. is Rs 274.05, reflecting a 9.64% increase from the previous close of Rs 249.95. The stock moved 9.64% during the session.

How much did Forbes & Company Ltd. share price rise today?

Ans. Forbes & Company Ltd. share price rose by 9.64% today, closing at Rs 274.05, up from the previous close of Rs 249.95. The stock moved 9.64% during the session. The intraday range extended from Rs 257 to Rs 280.05.

What is the market capitalisation of Forbes & Company Ltd.?

Ans. The market capitalisation of Forbes & Company Ltd. is Rs 315.82 crore, categorising it as a micro cap company within the Capital Goods sector. The company operates in the Capital Goods sector.

What is the P/E ratio of Forbes & Company Ltd.?

Ans. Forbes & Company Ltd. has a P/E ratio of 24.04, which is slightly above the industry median of 23.17, indicating a moderate valuation. The company trades at a P/E ratio of 24.04x.

How does Forbes & Company Ltd.'s P/B ratio compare to the industry?

Ans. Forbes & Company Ltd.'s P/B ratio is 1.62, below the industry median of 2.5, suggesting a potential undervaluation relative to its book value. The company trades at a P/E ratio of 24.04x.

What are the profitability challenges for Forbes & Company Ltd.?

Ans. Forbes & Company Ltd. faces profitability challenges with an ROE of 0 and a negative ROCE of -80.79, indicating difficulties in generating returns. ROE stands at 0%. ROCE stands at -80.79%.

Which sector does Forbes & Company Ltd. operate in?

Ans. Forbes & Company Ltd. operates in the Capital Goods sector, specifically within the Engineering – Industrial Equipments industry. The stock belongs to the Capital Goods sector. Its industry classification is Engineering – Industrial Equipments.

How does Forbes & Company Ltd.'s ROE compare to its peers?

Ans. Forbes & Company Ltd.'s ROE is 0, which is below the industry median of 9.24, indicating lower profitability compared to its peers. ROE stands at 0%. ROCE stands at -80.79%.