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Forcas Studio Stock Price Today (NSE: FORCAS)

Forcas Studio

FORCASGarments & Apparels
₹128.85+₹0.00 (+0.00%)
Market Closed

Fundamental Score

...

Forcas Studio Share Price — Live NSE/BSE Price, Fundamentals & Analysis

Forcas Studio share price today is ₹128.85, up +0.00% on NSE/BSE as of 22 April 2026. Forcas Studio (FORCAS) is a Small-cap company in the Garments & Apparels sector with a market capitalisation of ₹226.52 (Cr). The 52-week high for FORCAS share price is ₹N/A and the 52-week low is ₹N/A. At a P/E ratio of 19.65x, FORCAS is currently trading below its industry average P/E of 28.25x. The company has a Return on Equity (ROE) of 20.61% and a debt-to-equity ratio of 0.49.

Forcas Studio Share Price Chart — NSE/BSE Historical Performance

No data
High
₹128.85
Low
₹128.85
Volume
0
Change
+0.00%

Forcas Studio share price chart: 0.00% return over the past month. 52-week high ₹N/A, 52-week low ₹N/A.

AI Research Briefing

Powered by Gemini · 2026-04-22

Overvalued micro-cap menswear play; momentum is king, but liquidity risk looms.

Research Confidence
6.0/10Moderate
MICRO-CAP DARK HORSEConsolidation - 1M: -1.38%, 3M: 28.85%, 6M: 22.13%Expensive - P/E of 19.65x vs. industry P/E of 28.25x

WHAT'S HAPPENING NOW (last 2-4 weeks)

No major catalysts found after live search. Last price action on April 20, 2026, saw the stock

CORE STORY (THE REAL GAME)

Forcas Studio is being priced as a digital-first menswear play targeting Bharat, not just another garment manufacturer. The market is betting on their ability to scale online channels and expand into new categories like women's and kids' wear.

Why Now
  • Strong H1 FY26 results with 50.6% revenue growth and 99.7% profit surge
  • Expansion into women's and kids' wear categories
  • Strategic partnerships with Zepto and Myntra FWD
Potential Catalysts
  • Significant order wins
  • Better-than-expected quarterly earnings
  • New partnerships with major retailers
Key Risks
  • Micro/SME cap = liquidity risk
  • Negative free cash flow
  • Dependence on contract manufacturers
Institutional Activity

FII and DII holdings decreased.

Macro Context

India's apparel sector contributes 2.3% to GDP.

Cash Flow Quality

No - Free Cash Flow 5Y: ₹-42.65 Cr

3–6 Month Outlook

Expect 30-40% growth driven by digital channels and new categories. Monitor customer acquisition costs and inventory management closely.

Primary Thesis Risk

Inability to sustain high growth rates in the competitive online menswear market.

For educational purposes only. Not investment advice. Consult a SEBI-registered advisor before investing.

Returns & Performance

Excellent

Return on Equity (ROE)

20.61%

Profit generated per ₹1 of shareholder equity

Excellent

Return on Capital (ROCE)

21.69%

Returns generated on total capital deployed

Poor

Oper. Profit Margin (5Y Avg)

6.96%

Average operating profit margin over 5 years

Dividend Yield

0.00%

Annual dividend as % of current share price

Forcas Studio Valuation Check

Excellent

Price to Earnings (P/E)

19.65x

Share price ÷ earnings per share. Lower = cheaper

Poor

Industry Avg P/E

28.25x

Average P/E of all peers in this sector

Market-cap Classification
Small-cap
Higher growth potential with higher volatility.

Shareholding Pattern

Excellent

Promoter Holding

60.30%

% shares held by company founders/management

Poor

FII Holding

0.00%

% shares held by foreign institutional investors

Poor

DII Holding

0.08%

% held by domestic mutual funds, LIC, banks

Excellent

Promoter Pledged %

0.00%

% of promoter shares pledged as collateral — lower is safer

Growth Engine

Excellent

Profit Growth (Quarterly YoY)

99.66%

Net profit growth vs same quarter last year

Excellent

Revenue Growth (Quarterly YoY)

50.53%

Revenue growth vs same quarter last year

Revenue Growth (5-Year CAGR)

N/A

Compounded annual revenue growth over 5 years

EPS Growth (5-Year CAGR)

N/A

Earnings per share growth over 5 years

Net Profit Growth (5-Year CAGR)

N/A

Compounded annual net profit growth over 5 years

Balance Sheet Health

Average

Debt to Equity Ratio

0.49x

Total debt ÷ equity. Below 0.5 = financially healthy

Excellent

Interest Coverage Ratio

10.81x

EBIT ÷ interest expense. Above 2.5 = can pay interest comfortably

Free Cash Flow (5-Year Total)

-42.65 (Cr)

Cash left after capex over 5 years. Positive = self-funded growth

Labels (e.g., "Excellent", "Good") are peer-based vs industry/sector averages — data-only, not advice

Forcas Studio Fundamental Analysis & Valuation Benchmarking

Educational evaluation of FORCAS across key market metrics for learning purposes.

Positive Indicators

8 factors identified

Strong Return on Equity (20.61%)

Observation: Efficient use of shareholders' capital generating superior returns.

Analysis: ROE >15% indicates strong profitability and effective management. This metric suggests the company can generate substantial returns on invested capital.

Excellent ROCE Performance (21.69%)

Observation: Superior returns on capital employed across business operations.

Analysis: ROCE >15% demonstrates efficient capital deployment and strong operational performance.

Attractive Valuation (P/E: 19.65 vs Industry: 28.25)

Observation: Trading at discount to industry peers.

Analysis: P/E below industry average may present value opportunity.

Robust Profit Growth (99.66%)

Observation: Strong year-over-year profit expansion demonstrates business momentum.

Analysis: Profit growth >20% indicates effective execution and market opportunity capture.

Strong Revenue Growth (50.53%)

Observation: Healthy sales growth indicates market demand and execution capability.

Analysis: Revenue growth >15% suggests strong market position and growth potential.

Strong Interest Coverage (10.81x)

Observation: Earnings comfortably cover interest obligations.

Analysis: Interest coverage >5x indicates low financial distress risk.

Balanced Promoter Holding (60.30%)

Observation: Optimal balance between promoter control and public float.

Analysis: Promoter holding in 50-75% range provides management alignment.

Zero Share Pledging Risk

Observation: No promoter shares pledged as collateral.

Analysis: Absence of share pledging eliminates potential forced-selling pressure.

Risk Factors

3 factors identified

Negative Free Cash Flow (₹-42.65 Cr over 5Y)

Observation: Cash outflows exceed inflows.

Analysis: Negative FCF requires analysis of capital expenditure cycle.

Limited Institutional Interest (FII+DII: 0.08%)

Observation: Low institutional participation may affect liquidity.

Analysis: Limited institutional interest may indicate size constraints or visibility issues.

No Dividend Distribution

Observation: Company does not currently pay dividends to shareholders.

Analysis: Zero dividend yield may indicate growth reinvestment focus or cash flow constraints.

Forcas Studio vs Garments & Apparels Peers

Peer Comparison - Garments & Apparels

Compare Forcas Studio with 10 other companies in the same sector

11 companies
Company Info
Fundamental
Valuation
Profitability
Financial Health
Growth
Dividend
Company
Company name
Score
Bull Run comprehensive fundamental score based on 20+ metrics
Price
Current trading price of the stock
Market Cap
Total value of all shares in the market
P/E
Price per share divided by earnings per share
ROE
Net income divided by shareholder equity
ROCE
Earnings before interest and tax divided by capital employed
Debt/Eq
Total debt divided by total equity
Profit 5Y
Average annual profit growth over 5 years
Sales 5Y
Average annual sales growth over 5 years
Dividend
Annual dividend per share divided by price per share
Forcas Studio...✓
FORCAS •
49.5/100
₹129
₹226.52
19.6
Average
20.61%
Excellent
21.69%
Excellent
0.5
Excellent
—
—
0.00%
Page Industries...
PAGEIND • 532827
51.2/100
₹38145
₹41682.24
54.5
Average
48.54%
Excellent
59.40%
Excellent
0.2
Excellent
16.26%
Excellent
10.87%
Good
2.41%
Arvind Ltd...
ARVIND • 500101
40.6/100
₹485
₹9062.46
22.0
Average
9.32%
Poor
13.04%
Average
0.4
Excellent
21.70%
Excellent
2.48%
Average
1.09%
Pearl Global In...
PGIL • 532808
62.2/100
₹1622
₹7719.03
29.3
Average
24.31%
Excellent
22.11%
Excellent
0.6
Good
57.23%
Excellent
21.74%
Excellent
0.69%
Gokaldas Export...
GOKEX • 532630
15.7/100
₹694
₹6553.13
42.9
Average
8.16%
Poor
10.62%
Average
0.5
Excellent
73.04%
Excellent
23.03%
Excellent
0.00%
Kitex Garments ...
KITEX • 521248
22.4/100
₹161
₹4154.79
46.2
Average
14.31%
Average
10.16%
Average
1.1
Average
6.04%
Good
5.86%
Good
0.24%
Lux Industries ...
LUXIND • 539542
38/100
₹1438
₹3522.28
27.4
Average
9.81%
Poor
12.54%
Average
0.3
Excellent
-2.00%
Poor
9.15%
Good
0.17%
Kewal Kiran Clo...
KKCL • 532732
47.9/100
₹439
₹3065.84
24.7
Average
14.87%
Average
18.79%
Good
0.2
Excellent
8.77%
Good
9.67%
Good
0.40%
Cantabil Retail...
CANTABIL • 533267
57.9/100
₹219
₹2096.26
26.8
Average
20.81%
Excellent
18.17%
Good
1.3
Average
35.37%
Excellent
16.36%
Excellent
0.40%
SP Apparels Ltd...
SPAL • 540048
57.1/100
₹750
₹1955.97
17.7
Average
11.69%
Average
14.25%
Average
0.5
Excellent
11.46%
Good
11.55%
Good
0.26%
Dollar Industri...
DOLLAR • 541403
51.8/100
₹269
₹1920.97
18.6
Average
10.56%
Average
12.63%
Average
0.3
Excellent
8.01%
Good
11.71%
Good
0.89%

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Forcas Studio Quarterly Performance

Latest quarterly metrics for FORCAS — revenue growth and profit growth vs same quarter last year

Revenue Growth (YoY)

50.53%

Latest quarter vs same quarter previous year

Net Profit Growth (YoY)

99.66%

Latest quarter net profit vs same quarter previous year

5-Year Revenue CAGR

N/A

Compounded annual revenue growth over 5 years

5-Year Profit CAGR

N/A

Compounded annual net profit growth over 5 years

Forcas Studio Financial Statements

Annual income statement, balance sheet and cash flow for Forcas Studio (FORCAS) — sourced from NSE/BSE filings.

Loading Financial Statements...

Fetching financial data for Forcas Studio

About FORCAS (Forcas Studio)

Forcas Studio (FORCAS) is listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) of India. The company operates in the Garments & Apparels sector with a curren...t market capitalisation of ₹226.52 (Cr). Forcas Studio has delivered a Return on Equity (ROE) of 20.61% and a ROCE of 21.69%. The debt-to-equity ratio stands at 0.49, reflecting the company's capital structure. Investors tracking FORCAS share price can monitor key metrics including P/E ratio, promoter holding of 60.30%, and quarterly earnings growth.

Company Details

Symbol:FORCAS
Industry:Garments & Apparels
Sector:Garments & Apparels
Website:N/A

FORCAS Share Price: Frequently Asked Questions

What is the current share price of Forcas Studio?

Forcas Studio (FORCAS) trades at ₹128.85 on NSE. Market cap ₹226.52 (Cr). Educational data only.

What is the P/E ratio of Forcas Studio?

Forcas Studio has a P/E of 19.65x vs industry average 28.25x.

What is the Bull Run score for Forcas Studio?

Forcas Studio has a Bull Run score of 49.5/100 based on 25+ financial parameters.

Does Forcas Studio pay dividends?

Forcas Studio has a dividend yield of 0.00%. Past dividends don't guarantee future payments.

What is the ROE of Forcas Studio?

Forcas Studio has ROE of 20.61%. Higher ROE indicates better use of shareholder equity.

What is the debt-to-equity ratio of Forcas Studio?

Forcas Studio has debt-to-equity of 0.49.

Is Forcas Studio a good investment?

Bull Run gives Forcas Studio a score of 49.5/100. This is not investment advice — consult a SEBI-registered advisor.