Foce India Limited - trading in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN L33100MH2001PLC130385 Incorporated 10 January 2001 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Listed - NSE: FOCE Public Limited Company trading MSME
Data last updated
Market Cap
₹675 Cr
FOCE-SM · NSE
Share Price
₹575.00
0.00% today
Revenue
₹145 Cr
FY 2025-26 · +39.4% YoY
EBITDA
₹20.01 Cr
Margin 13.8%
Net Profit
₹14.96 Cr
FY 2025-26 · +4.0% YoY
P/E (TTM)
45.1x
P/B 7.2x
Authorised capital
₹12 Cr
Registered with MCA
Paid-up capital
₹11.74 Cr
Issued & subscribed

About Foce India Limited

Data last updated:

Foce India Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the retail trading segment of the trading and commerce sector. It was incorporated on 10 January 2001 and has been in existence for over 25 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L33100MH2001PLC130385. Its GSTIN is 27AAACH9438G1ZF (Maharashtra). It is a listed company as per MCA records. Its shares are listed on NSE: FOCE.

The company has an authorised share capital of ₹12 Cr and a paid-up capital of ₹11.74 Cr. It was formerly known as Heighten Trading Company Private Limited and Watch N Watch Private Limited. It is led by directors including Manoj Kumar Agarwal (Managing Director) and Rekha Agarwal.

Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 4 Kingston Shastri Nagarlokhandwala Complex Andheri W, Mumbai, Maharashtra, India – 400053.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹145.32 Cr, a growth of 39.4% compared to the previous year. For the same year it recorded a net profit of ₹14.96 Cr (net margin 10.3%) and EBITDA of ₹20.01 Cr (EBITDA margin 13.8%). The net worth stands at ₹93.56 Cr (up 18.7% YoY). Total assets are valued at ₹144.47 Cr (up 32.7% YoY).

Its group structure includes 2 subsidiaries.

The company is associated with 1 brand: Foce India. As per MCA filings, the company has open charges of ₹11.38 Cr on record. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it; 1 case is pending. The company has 10 deals on record (5 secondary share transfers, 2 rights issues, 2 funding rounds), with disclosed funding of ₹1.66 Cr; the latest was in December 2021.

Foce India Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-MH-18-0087157). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website foceindia.com.

Company details

CIN L33100MH2001PLC130385
Registration Number 130385
Incorporation Date 10 January 2001
ROC Mumbai
Listing Status Listed (NSE: FOCE)
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification MSME
Udyam Registration UDYAM-MH-18-0087157

Name history

Foce India has undergone 4 name changes throughout its history. The current legal name is Foce India Limited.

Company NameStatus
Foce India LimitedCurrent
Heighten Trading Company Private LimitedPrevious
Watch N Watch Private LimitedPrevious
Foce India Private LimitedPrevious
Foce Watches Private LimitedPrevious

CIN history

Foce India has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L33100MH2001PLC130385, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L33100MH2001PLC130385Current
U51500MH2001PLC130385Previous
U33100MH2001PLC130385Previous
U51500MH2001PTC130385Previous

Recognitions & Rankings of Foce India

MSME (Udyam registered) Ministry of MSME
Udyam number
UDYAM-MH-18-0087157

Contact details

Foce India Limited's registered office is in Mumbai, Maharashtra. Its website is foceindia.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Registered Address
    4 Kingston Shastri Nagarlokhandwala Complex Andheri W, Mumbai, Maharashtra, India – 400053
  • Industry
    Trading, Retail Trading, Retailers

To see the full contact details of Foce India Limited, buy the company report.

Comprehensive company report
Foce India Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Foce India operates one associated brand: Foce India. Each brand links to its own profile.

BrandDescriptionWebsite
Internet first brand offering watches for men and womenfoceindia.com

Business activity

The main business activity of Foce India is trade. In detail, this covers retail trading.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
GTradeG2Retail Trading

To see the full business activity and turnover split of Foce India Limited, buy the company report.

Financials of Foce India Limited

FY 2025-26 filings available

Foce India Limited reported revenue of ₹145.32 Cr (up 39.4% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹145 Cr
+39.4% YoY
EBITDA
₹20.01 Cr
+8.5% YoY
Profit After Tax
₹14.96 Cr
+4.0% YoY
Net Worth
₹93.56 Cr
+18.7% YoY
Total Assets
₹144 Cr
+32.7% YoY
Total Debt
₹47.91 Cr
+59.3% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Income statement
Revenue14510480.2557.7118776.90
Revenue growth+39.4%+29.9%+39.1%-69.2%+143.3%-
EBITDA20.0118.4520.1311.2011.442.69
EBITDA margin+13.8%+17.7%+25.1%+19.4%+6.1%+3.5%
Profit before tax18.7017.9019.3410.5111.482.67
Net profit14.9614.3815.908.488.971.99
Net profit margin+10.3%+13.8%+19.8%+14.7%+4.8%+2.6%
EPS (₹)12.5629.4432.4817.3818.944.99
Balance sheet
Total assets14410986.2766.1441.8910.66
Net worth93.5678.8164.4148.4640.1810.66
Total debt47.9130.0821.8617.681.700.00
Cash & bank0.490.841.461.000.402.49
Net working capital64.4635.5628.978.5128.0910.61
Cash flow
Cash from operations1.2415.250.2744.84(8.85)3.10
Cash from investing(6.66)(15.86)0.18(44.24)(13.50)(0.05)
Cash from financing5.060.000.000.0020.26(0.70)
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue56.6235.8216.5314.5514976.9054.44
Revenue growth+58.1%+116.7%+13.6%-90.2%+93.7%+41.3%-
EBITDA2.411.481.270.714.992.692.20
EBITDA margin+4.3%+4.1%+7.7%+4.9%+3.4%+3.5%+4.0%
Profit before tax1.711.300.650.295.132.672.18
Net profit1.280.970.490.163.741.991.60
Net profit margin+2.3%+2.7%+3.0%+1.1%+2.5%+2.6%+2.9%
EPS (₹)1.081.991.000.387.874.994.02
Balance sheet
Total assets10083.0359.8561.3636.0510.669.38
Net worth37.7136.4435.4634.9834.7610.668.79
Total debt62.6946.5924.3926.381.290.000.58
Cash & bank0.100.281.060.510.252.490.14
Net working capital97.6280.4457.7759.2524.6010.619.34
Cash flow
Cash from operations(0.01)(0.30)0.55(9.10)(11.23)3.10(1.11)
Cash from investing(0.16)(0.49)0.009.04(10.93)(0.05)0.00
Cash from financing0.000.000.000.3221.22(0.70)0.65

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 11 Nov 2026
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Revenue14510480.2557.7118776.90
Revenue growth+39.4%+29.9%+39.1%-69.2%+143.3%-
Other income0.390.390.130.080.170.00
Total expenses12585.8060.1246.5117674.21
Employee cost0.000.390.420.650.440.31
EBITDA20.0118.4520.1311.2011.442.69
EBITDA margin+13.8%+17.7%+25.1%+19.4%+6.1%+3.5%
Depreciation0.300.240.280.320.130.02
Interest1.400.700.640.450.000.00
Profit before tax18.7017.9019.3410.5111.482.67
Tax3.743.523.442.002.390.68
Net profit14.9614.3815.908.488.971.99
Net profit margin+10.3%+13.8%+19.8%+14.7%+4.8%+2.6%
EPS (₹)12.5629.4432.4817.3818.944.99
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Equity & liabilities
Share capital11.744.894.894.894.893.99
Reserves & surplus81.8273.9259.5243.5735.296.67
Shareholders' funds (net worth)93.5678.8164.4148.4640.1810.66
Minority interest0.000.000.000.000.010.00
Secured loans0.000.000.000.000.000.00
Unsecured loans47.9130.0821.8617.681.700.00
Total debt47.9130.0821.8617.681.700.00
Total liabilities14410986.2766.1441.8910.66
Assets
Gross block80.2673.6058.0758.114.730.20
Net block78.9272.5657.1957.514.450.06
Capital work in progress0.000.000.000.000.000.00
Investments0.740.630.000.008.990.00
Inventories38.063.140.9211.3212.632.42
Sundry debtors71.2257.6645.139.3621.2332.20
Cash & bank balances0.490.841.461.000.402.49
Loans & advances13.8714.325.797.155.290.32
Total current assets12475.9653.3028.8339.5537.43
Total current liabilities59.1840.4024.3320.3211.4626.82
Net working capital64.4635.5628.978.5128.0910.61
Total assets14410986.2766.1441.8910.66
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Opening cash0.841.461.000.402.490.14
Net cash from operating activities1.2415.250.2744.84(8.85)3.10
Net cash from investing activities(6.66)(15.86)0.18(44.24)(13.50)(0.05)
Net cash from financing activities5.060.000.000.0020.26(0.70)
Net change in cash(0.36)(0.61)0.460.60(2.09)2.35
Closing cash0.490.841.461.000.402.49
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Growth
Sales growth+39.4%+29.9%+39.1%-69.2%+143.3%-
EBITDA growth+8.5%-8.4%+79.7%-2.1%+325.3%-
PBT growth+4.5%-7.5%+84.0%-8.5%+330.0%+9997.0%
Net income growth+4.0%-9.6%+87.5%-5.5%+350.8%-
Revenue CAGR (3Y)+36.1%-17.7%+1.4%---
EBITDA CAGR (3Y)+21.3%+17.3%+95.6%---
Profitability & leverage
Net income margin+10.3%+13.8%+19.8%+14.8%+4.9%+2.6%
Return on capital employed-+19.1%+26.2%+20.3%+43.7%+25.1%
Return on net worth-+20.1%+28.2%+19.2%+35.7%+18.7%
Debt / equity-0.360.350.220.030.00
Long-term debt / equity-0.000.000.000.000.00
Interest cover7.103.843.224.140.000.00
Efficiency & per share
Fixed asset turnover-1.581.381.8475.89384.50
Inventory turnover-51.3513.114.8224.8631.78
Debtors turnover-2.032.953.777.002.39
EPS (₹)12.5629.4432.4817.3818.944.99
Dividend per share (₹)0.000.000.000.000.000.00
Book value per share (₹)0.00161.08131.6499.0582.1126.70
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue56.6235.8216.5314.5514976.9054.44
Revenue growth+58.1%+116.7%+13.6%-90.2%+93.7%+41.3%-
Other income0.050.050.000.070.170.000.00
Total expenses54.2134.3415.2613.8414474.2152.24
Employee cost0.000.180.190.470.330.310.27
EBITDA2.411.481.270.714.992.692.20
EBITDA margin+4.3%+4.1%+7.7%+4.9%+3.4%+3.5%+4.0%
Depreciation0.040.030.030.060.030.020.02
Interest0.710.200.590.430.000.000.00
Profit before tax1.711.300.650.295.132.672.18
Tax0.430.330.160.101.270.680.58
Net profit1.280.970.490.163.741.991.60
Net profit margin+2.3%+2.7%+3.0%+1.1%+2.5%+2.6%+2.9%
EPS (₹)1.081.991.000.387.874.994.02
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital11.744.894.894.894.893.993.99
Reserves & surplus25.9731.5530.5730.0929.876.674.67
Shareholders' funds (net worth)37.7136.4435.4634.9834.7610.668.79
Secured loans0.000.000.000.000.000.000.00
Unsecured loans62.6946.5924.3926.381.290.000.58
Total debt62.6946.5924.3926.381.290.000.58
Total liabilities10083.0359.8561.3636.0510.669.38
Assets
Gross block0.360.350.330.320.320.200.16
Net block0.110.140.060.090.140.060.03
Capital work in progress0.000.000.000.000.000.000.00
Investments2.642.442.012.0110.990.000.00
Inventories7.362.900.691.912.272.420.47
Sundry debtors26.7514.754.414.673.8232.209.83
Cash & bank balances0.100.281.060.510.252.490.14
Loans & advances70.5266.9052.3454.4620.100.320.69
Total current assets10584.8358.5061.5526.4437.4311.13
Total current liabilities7.114.390.732.301.8426.821.79
Net working capital97.6280.4457.7759.2524.6010.619.34
Total assets10083.0359.8561.3636.0510.669.38
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.281.060.510.252.490.140.59
Net cash from operating activities(0.01)(0.30)0.55(9.10)(11.23)3.10(1.11)
Net cash from investing activities(0.16)(0.49)0.009.04(10.93)(0.05)0.00
Net cash from financing activities0.000.000.000.3221.22(0.70)0.65
Net change in cash(0.18)(0.78)0.550.26(0.94)2.35(0.46)
Closing cash0.100.281.060.510.252.490.14
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+58.1%+116.7%+13.6%-90.2%+93.7%+41.3%-
EBITDA growth+62.8%+16.5%+78.9%-85.8%+85.5%+22.3%-
PBT growth+31.5%+100.0%+124.1%-94.4%+92.1%+22.5%-3.5%
Net income growth+32.0%+98.0%+206.3%-95.7%+87.9%+24.4%-
Revenue CAGR (3Y)+57.3%-37.8%-40.1%-35.6%+33.9%+52.5%+121.4%
EBITDA CAGR (3Y)+50.3%-33.3%-22.1%-31.4%+29.8%+36.4%+232.2%
Profitability & leverage
Net income margin+2.3%+2.7%+3.0%+1.3%+2.6%+2.6%+2.9%
Return on capital employed-+2.1%+2.1%+1.4%+21.9%+26.7%+26.6%
Return on net worth-+2.7%+1.4%+0.4%+17.0%+20.5%+20.4%
Debt / equity-0.990.720.400.030.030.05
Long-term debt / equity-0.000.000.000.000.030.05
Interest cover29.9613.7947.5866.150.000.000.00
Efficiency & per share
Fixed asset turnover-105.3550.8645.47573.00427.22340.25
Inventory turnover-19.9612.726.9663.5353.2228.58
Debtors turnover-3.743.643.438.273.665.65
EPS (₹)1.081.991.000.387.874.994.02
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)0.0074.4872.4971.4971.0426.7021.70

To see the full year-wise statements and ratios of Foce India Limited, buy the company report.

Board of directors of Foce India Limited

Foce India has 6 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Manoj Kumar AgarwalManaging Director29 Mar 200224 Years 7 MonthsCurrent
Rekha AgarwalDirector05 Jul 20215 Years 4 MonthsCurrent
Abhilasha ChaudharyDirector05 Jul 20215 Years 4 MonthsCurrent
Utkarsh AgarwalDirector21 Apr 20215 Years 6 MonthsCurrent
Lalit Kumar TapadiaDirector05 Jul 20215 Years 4 MonthsCurrent
Anita Manoj AgarwalDirector27 May 20260 Years 5 MonthsCurrent

Auditor

Foce India Limited is audited by Sdg & Co for the financial year 2024.

Auditor firmFinancial yearFirm registration number
Sdg & CoFY 2024137864W

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 73.60%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 26.40%.

Promoters: 73.60%Retail & Others: 26.40%
Sep 2026
QUARTER
73.60% Promoters
26.40% Retail & Others
Promoter holding - history
Now 73.60% · Sep 2026High 73.60% · Dec 2025Low 73.60% · Dec 2025
72%72.8%73.5%74.3%75%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 73.60%Mar 2026: 73.60%Jun 2026: 73.60%Sep 2026: 73.60%73.60%73.60%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters73.60%73.60%73.60%73.60%
Public26.40%26.40%26.40%26.40%

Charges & borrowings

Open charges
₹11.38 Cr
Satisfied charges
None
Breakdown by lending institutions
Indian Bank₹11.38 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
20 Jan 2025101043932Indian Bank₹11.38 CrOpen

To see the full charge records of Foce India Limited, buy the company report.

Total charge records: 1 View all charges

Deals & funding

Foce India Limited has 10 deals on record (5 secondary share transfers, 2 rights issues, 2 funding rounds), with disclosed funding of ₹1.66 Cr; the latest was in December 2021.

Total deals
10
Secondary share transfers
5
Rights issues
2
Funding rounds
2
IPO
1
Disclosed funding
₹1.66 Cr

Deals on record (5 of 10)

WhenDealAmountParties
Dec 2021IPO₹29.03 CrInvestors: Mark Corporate Advisors Private Limited , IPO - Foce India Limited, 2 individuals
Seller: an individual
May 2019Rights issue₹1.11 CrInvestors: Permanent Infrastructure Private Limited , Mirror Properties Private Limited , Vrone Developers Private Limited
Mar 2019Secondary share transferUndisclosedBuyer: an individual
Seller: Lakhpati Estate and Developers Private Limited , My Family Home Builder Private Limited
Mar 2018Secondary share transferUndisclosedBuyer: an individual
Seller: Lokhandwala Watches Private Limited , Tista Technologies Limited
Oct 2017Secondary share transferUndisclosedBuyer: 3 individuals
Seller: Sonic Impex Private Limited , Manoj Kumar Agarwal HUF, Arnab Properties Private Limited

To see the full deal history of Foce India Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Foce India Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Group structure & subsidiaries

Foce India has 2 subsidiary companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.

2
Subsidiary companies
Key subsidiaries
Company NameCINShares held
Foce Realty Solutions Private LimitedU23952MH2021PTC371389
Fo Industries Private LimitedU33300MH2021PTC358370

To see the full group structure of Foce India Limited, buy the company report.

GST

Foce India has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
27AAACH9438G1ZFMaharashtraActive01 Jul 2017

To see the full GST registrations and return filing status of Foce India Limited, buy the company report.

Recent activity

Foce India Limited has 15 board changes on record since 2002: 7 appointments and 8 cessations. The latest: Anita Manoj Agarwal was appointed as Director on 27 May 2026.

Charges
A charge with Indian Bank of Rs. 11.38 Cr registered on 20 Jan 2025 with Charge ID 101043932 was modified on 30 Jun 2026.
Appointed
Anita Manoj Agarwal was appointed as Director.
Filing
Foce India Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai I.
AGM
Foce India Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Charges
A charge with Indian Bank amounted to Rs. 11.38 Cr with Charge ID 101043932 was registered on 20 Jan 2025.
Ceased
Umar Abdul Aziz Seliya ceased to be CFO.
Appointed
Ankit Devendra Pandit was appointed as Company Secretary.
Ceased
Abhilasha Chaudhary ceased to be Additional Director.
Ceased
Lalit Kumar Tapadia ceased to be Additional Director.
Ceased
Rekha Agarwal ceased to be Additional Director.
Ceased
Utkarsh Agarwal ceased to be Additional Director.
Ceased
Anita Manoj Agarwal ceased to be Director.

8 earlier events are in the company report.

Frequently asked questions

Foce India is an active public limited company based in Mumbai, Maharashtra, India. The company works in retail trading, within the trading industry. It was incorporated on 10 January 2001 (25+ years old) and is registered under CIN L33100MH2001PLC130385. Listed on NSE: FOCE.

Foce India reported revenue of ₹145.32 Cr for FY 2025-26 (up 39.4% YoY) based on consolidated financials.

Foce India has 6 current directors:

The latest financial statements of Foce India on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Foce India is 27AAACH9438G1ZF, registered in Maharashtra.

The CIN (Corporate Identification Number) of Foce India is L33100MH2001PLC130385. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Foce India is a listed company as per MCA records. Its shares are listed on NSE (symbol: FOCE).

Foce India has 2 court cases on record: 1 filed by the company and 1 filed against it. 1 is pending. Most are in the district courts.

Foce India was incorporated on 10 January 2001, making it 25+ years old. It is registered with the Registrar of Companies, Mumbai.

Foce India has 10 deals on record (5 secondary share transfers, 2 rights issues, 2 funding rounds), with disclosed funding of ₹1.66 Cr; the latest was in December 2021.