Forbes & Company Limited

BSE: 502865
Forbes & Company Limited - machinery and equipment in Mumbai, Maharashtra, India. FY 2026 financials and compliance.
CIN L17110MH1919PLC000628 Incorporated 18 November 1919 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Listed - BSE: 502865 Public Limited Company machinery and equipment
Data last updated
Revenue · FY 2026
₹76.14 Cr
▼ 61.78% YoY
EBITDA · FY 2026
₹24.23 Cr
▼ 45.02% YoY
Net profit · FY 2026
₹13.41 Cr
▼ 89.08% YoY
Authorised capital
₹43.05 Cr
Registered with MCA
Paid-up capital
₹12.9 Cr
Issued & subscribed
Open charges
₹687.58 Cr
Satisfied ₹701.26 Cr
Company age
107 yrs
Est. 1919
Employees · EPFO
137
Latest available

About Forbes & Company Limited

Data last updated: 21 December 2025

Forbes & Company Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Shapoorji Pallonji And Company Private Limited. It specialises in industrial tools and components, a part of the broader machinery and industrial equipment sector. Incorporated on 18 November 1919, the company has been in operation for over 107 years.

Registered with ROC Mumbai under CIN L17110MH1919PLC000628. Listed on BSE: 502865.

Capital: an authorised share capital of ₹43.05 Cr and a paid-up capital of ₹12.9 Cr. Formerly known as The Gokak Mills Ltd and The Gokak Mills Limited. It is led by directors including Mahesh Tahilyani Chelaram and Bapsy Faroukh Dastur.

Last AGM: 27 June 2025. Financial statements filed for year ended 31 March 2025. Office: Forbes Building Charanjit Rai Marg Fort, Mumbai, Maharashtra, India – 400001.

As per the financials filed for FY 2025, the company reported a revenue of ₹215.57 Cr, a growth of 46% compared to the previous year.

The company has a workforce of approximately 137 employees as per the latest available data. It operates as a subsidiary of Shapoorji Pallonji And Company Private Limited. Its group structure includes 6 subsidiaries and 2 joint ventures.

The company is associated with 1 brand - Forbes. As per MCA filings, the company has open charges of ₹687.58 Cr and satisfied charges of ₹701.26 Cr on record.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website forbes.co.in.

Company Details of Forbes & Company Limited
CIN L17110MH1919PLC000628
Registration Number 000628
Incorporation Date 18 November 1919
ROC Mumbai
Listing Status Listed (BSE: 502865)
Company Status Active
Date of Last AGM 27 June 2025
Date of Balance Sheet 31 March 2025
Parent Company Shapoorji Pallonji And Company Private Limited
Compliance Status Active Compliant
Key People
Nirmal Chandmal Jagawat Whole-Time Director Mahesh Tahilyani Chelaram Director Bapsy Faroukh Dastur Director
Contact Details
  • Email
    *****@*****.com
  • Telephone
    +91-****-******
  • Website
    forbes.co.in
  • Social Media
    **************
  • Registered Address
    Forbes Building Charanjit Rai Marg Fort, Mumbai, Maharashtra, India – 400001
  • Industry
    Machinery and Equipment, Industrial Tools & Components
Company report
Forbes & Company Limited - full intelligence report
  • Historical Financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Litigation, compliance and MCA filings
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Financials, compliance, directors, charges, ownership and filings for Forbes & Company Limited in one report.

10-year financials Directors & ownership Charges & compliance

Name History of Forbes & Company Limited

Forbes & Company Limited has undergone 4 name changes throughout its history. The current legal name is Forbes & Company Limited, reflecting the company's evolution and rebranding over time.

Company Name Status
Forbes & Company Limited Current
The Gokak Mills Ltd Previous
The Gokak Mills Limited Previous
Forbes Gokak Limited Previous
The Gokak Mills Private Previous

Associated Brands with Forbes & Company Limited

Forbes & Company Limited operates one associated brand: Forbes. These brands represent Forbes & Company Limited's diversified market presence and brand portfolio.

Brand Description Website
Forbes
Construction industries are operated in by the diversified conglomerate. forbes.co.in

Business Activity of Forbes & Company Limited

Forbes & Company Limited is engaged in principal business activities including manufacturing and real estate, with detailed activities including metal and metal products, real estate activities with own or leased property. The company has 2 registered principal business activity segments, demonstrating its operational diversity and market reach.

Main Activity Group Code Description of Main Activity Business Activity Code Description of Business Activity Turnover Percentage
C Manufacturing C7 Metal and metal products *********
L Real Estate L1 Real estate activities with own or leased property *********

Auditor Details of Forbes & Company Limited

Forbes & Company Limited is audited by Sharp & Tannan Associates (ICAI peer reviewed, certificate valid till 2028-04-30) for the financial year 2026, as reported in its BSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.

Name Financial year Audit opinion
Sharp & Tannan Associates (ICAI peer reviewed, certificate valid till 2028-04-30) FY 2026 Declaration of unmodified opinion

Board of Directors of Forbes & Company Limited

Forbes & Company Limited is currently managed by 8 directors, with 32 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.

Current Directors
Name Designation Appointment Date Tenure Status
Mahesh Tahilyani Chelaram
Also directs: Forbes Precision Tools And Machine Parts Limited, Forbes Bumi Armada Limited, Forbes Campbell Finance Limited and 2 more
Director 01 Apr 2024 2 Years 3 Months Current
Bapsy Faroukh Dastur
Also directs: Nrb Bearings Limited (Full Fledged Public Co), B Bamboat And Company Private Limited
Director 01 Sep 2024 1 Years 10 Months Current
Nikhil Jaysinh Bhatia
Also directs: Gokak Textiles Limited, Aarti Industries Ltd, Forbes Precision Tools And Machine Parts Limited and 3 more
Director 16 May 2019 7 Years 1 Months Current
Paras Khimji Savla
Also directs: P E R C H & Associates Llp, Perch Valuation Llp, The Ruby Mills Limited and 5 more
Director 05 Aug 2024 1 Years 11 Months Current
Pritesh Kishore Jhaveri
Also directs: Bluetick Surgicals Llp
Company Secretary 01 Apr 2024 2 Years 3 Months Current
Nirmal Chandmal Jagawat
Also directs: Forbes Campbell Finance Limited, Forbes Bradma Optimark Private Limited, Volkart Fleming Shipping And Services Limited and 5 more
Whole-Time Director 30 Apr 2025 1 Years 2 Months Current
Showing 6 of 8 current directors. View all directors

Financials of Forbes & Company Limited FY 2026 filings available

Forbes & Company Limited reported revenue of ₹76.14 Cr (down 61.78% YoY) for FY 2026. Profit growth despite declining revenue indicates effective cost management and margin discipline.

Revenue · FY 2026
₹76.14 Cr ▼ 61.78%
Profit · FY 2026
₹13.41 Cr ▼ 89.08%
EBITDA · FY 2026
₹24.23 Cr ▼ 45.02%
Revenue₹ Cr · Consolidated01,0002,0003,000FY 2019: ₹2,853 Cr2,853FY 2019FY 2020: ₹2,755 Cr · -3.5% YoY2,755-3.5%FY 2020FY 2021: ₹2,857 Cr · +3.7% YoY2,857+3.7%FY 2021FY 2022: ₹515 Cr · -82% YoY515-82%FY 2022FY 2023: ₹442 Cr · -14.1% YoY442-14.1%FY 2023FY 2024: ₹126 Cr · -71.5% YoY126-71.5%FY 2024FY 2025: ₹199 Cr · +58.2% YoY199+58.2%FY 2025FY 2026: ₹76 Cr · -61.8% YoY76.1-61.8%FY 2026
Net Profit₹ Cr · Consolidated-2,00002,0004,0006,000FY 2019: ₹3 Cr (loss)-3FY 2019FY 2020: ₹338 Cr (loss) · -11251.7% YoY-338FY 2020FY 2021: ₹117 Cr (loss) · +65.5% YoY-117FY 2021FY 2022: ₹4,225 Cr · +3723.3% YoY4,225+3723.3%FY 2022FY 2023: ₹192 Cr · -95.5% YoY192-95.5%FY 2023FY 2024: ₹4 Cr (loss) · -102.3% YoY-4.5FY 2024FY 2025: ₹123 Cr · +2852.7% YoY123+2852.7%FY 2025FY 2026: ₹13 Cr · -89.1% YoY13.4-89.1%FY 2026
Quarterly Revenue₹ Cr · vs same quarter last year050100Q1'25: ₹36 Cr35.8Q1'25Q2'25: ₹35 Cr34.7Q2'25Q3'25: ₹40 Cr40.2Q3'25Q4'25: ₹89 Cr88.7Q4'25Q1'26: ₹22 Cr · -37.3% YoY22.5-37.3%Q1'26Q2'26: ₹19 Cr · -46% YoY18.7-46%Q2'26Q3'26: ₹18 Cr · -55.8% YoY17.8-55.8%Q3'26Q4'26: ₹17 Cr · -80.6% YoY17.2-80.6%Q4'26
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 FY 2019
Revenue from Operations ₹76.14 Cr ₹199.23 Cr ₹125.9 Cr ₹441.98 Cr ₹514.73 Cr ₹2,856.79 Cr ₹2,754.58 Cr ₹2,853.42 Cr
Other Income ₹14.14 Cr ₹16.34 Cr ₹25.23 Cr ₹268.13 Cr ₹34.44 Cr ₹80.24 Cr ₹36.93 Cr ₹37.66 Cr
Total Income ₹90.28 Cr ₹215.57 Cr ₹151.13 Cr ₹710.11 Cr ₹549.17 Cr ₹2,937.03 Cr ₹2,791.51 Cr ₹2,891.08 Cr
Cost of Materials Consumed ₹17.62 Cr ₹17.82 Cr ₹19.63 Cr ₹93.12 Cr ₹83.84 Cr ₹649.29 Cr ₹771.48 Cr ₹759.3 Cr
Purchases of Stock-in-Trade ₹44 Lakh ₹0 ₹1.22 Cr ₹65.01 Cr ₹72.99 Cr ₹242.48 Cr ₹274.89 Cr ₹266.29 Cr
Changes in Inventories ₹5.98 Cr ₹107.09 Cr ₹29.29 Cr -₹21.46 Cr -₹18.66 Cr ₹249.66 Cr -₹110.55 Cr -₹35.88 Cr
Employee Benefit Expense ₹16.72 Cr ₹14.26 Cr ₹14.96 Cr ₹142.97 Cr ₹172.9 Cr ₹618.73 Cr ₹695.21 Cr ₹686.27 Cr
Finance Costs ₹65 Lakh ₹53 Lakh ₹1.6 Cr ₹17.6 Cr ₹42.03 Cr ₹86.84 Cr ₹101.38 Cr ₹89.38 Cr
Depreciation & Amortisation ₹2.91 Cr ₹1.58 Cr ₹1.65 Cr ₹27.2 Cr ₹41.44 Cr ₹97.25 Cr ₹99.16 Cr ₹77.05 Cr
Other Expenses ₹25.29 Cr ₹32.33 Cr ₹56.28 Cr ₹181.53 Cr ₹154.22 Cr ₹907.52 Cr ₹1,092.34 Cr ₹1,034.68 Cr
Total Expenses ₹69.61 Cr ₹173.61 Cr ₹124.63 Cr ₹505.97 Cr ₹548.76 Cr ₹2,851.77 Cr ₹2,923.91 Cr ₹2,877.09 Cr
Profit Before Exceptional Items & Tax ₹20.67 Cr ₹41.96 Cr ₹26.5 Cr ₹204.14 Cr ₹41 Lakh ₹85.26 Cr -₹132.4 Cr ₹13.99 Cr
Exceptional Items ₹0 -₹2 Lakh -₹3 Cr ₹12.02 Cr -₹350.21 Cr -₹121.46 Cr -₹214.69 Cr -₹9.71 Cr
Profit Before Tax ₹20.67 Cr ₹41.94 Cr ₹23.5 Cr ₹216.16 Cr -₹349.8 Cr -₹36.2 Cr -₹347.09 Cr ₹4.28 Cr
Total Tax Expense ₹4.77 Cr ₹11.3 Cr ₹2.45 Cr ₹27.79 Cr -₹10.3 Cr ₹80.13 Cr -₹2.49 Cr ₹14.48 Cr
Net Profit ₹13.41 Cr ₹122.77 Cr -₹4.46 Cr ₹191.82 Cr ₹4,224.8 Cr -₹116.6 Cr -₹338.28 Cr -₹2.98 Cr
  attributable to Owners ₹13.41 Cr ₹122.77 Cr -₹4.46 Cr ₹191.95 Cr ₹4,225.85 Cr -₹77.67 Cr -₹324.61 Cr ₹6.97 Cr
  attributable to NCI ₹0 ₹0 ₹0 -₹13 Lakh -₹1.05 Cr -₹38.93 Cr -₹13.67 Cr -₹9.95 Cr
Other Comprehensive Income -₹33.53 Cr ₹17.88 Cr ₹32.6 Cr -₹32.22 Cr ₹64.99 Cr ₹22.48 Cr -₹16.39 Cr ₹2.97 Cr
Total Comprehensive Income -₹20.12 Cr ₹140.65 Cr ₹28.14 Cr ₹159.6 Cr ₹4,289.79 Cr -₹94.12 Cr -₹354.67 Cr -₹1 Lakh
EBITDA (computed) ₹24.23 Cr ₹44.07 Cr ₹29.75 Cr ₹248.94 Cr ₹83.88 Cr ₹269.35 Cr ₹68.14 Cr ₹180.42 Cr
Basic EPS ₹10.53 ₹22.71 ₹14.87 ₹150.38 ₹-256.37 ₹-54.24 ₹-254.95 ₹5.47
Diluted EPS ₹10.53 ₹22.71 ₹14.87 ₹150.38 ₹-256.37 ₹-54.24 ₹-254.95 ₹5.47
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 FY 2019
Total Assets ₹254.58 Cr ₹304.78 Cr ₹420.65 Cr ₹701.09 Cr ₹797.18 Cr ₹2,042.88 Cr ₹2,747.81 Cr ₹2,879.2 Cr
Non-current Assets ₹170.09 Cr ₹208.67 Cr ₹185 Cr ₹312.02 Cr ₹336.38 Cr ₹931.68 Cr ₹1,329.26 Cr ₹1,553.18 Cr
Current Assets ₹84.49 Cr ₹96.11 Cr ₹235.61 Cr ₹388.99 Cr ₹355.87 Cr ₹1,110.82 Cr ₹1,418.54 Cr ₹1,325.98 Cr
Property, Plant & Equipment ₹3.66 Cr ₹2.75 Cr ₹1.59 Cr ₹92.88 Cr ₹98.87 Cr ₹356.95 Cr ₹571.79 Cr ₹552.75 Cr
Inventories ₹9.89 Cr ₹14.55 Cr ₹121.46 Cr ₹211.47 Cr ₹201.58 Cr ₹471.31 Cr ₹713.58 Cr ₹596.53 Cr
Trade Receivables ₹7.76 Cr ₹8.36 Cr ₹9.85 Cr ₹58.1 Cr ₹86.98 Cr ₹319.12 Cr ₹407.02 Cr ₹465.11 Cr
Cash & Equivalents ₹7.22 Cr ₹14.43 Cr ₹19.7 Cr ₹45.57 Cr ₹17.31 Cr ₹83.59 Cr ₹34.53 Cr ₹70.56 Cr
Equity (Net Worth) ₹199.36 Cr ₹219.48 Cr ₹140.28 Cr ₹224.82 Cr ₹82.39 Cr -₹76.59 Cr ₹10.35 Cr ₹372.87 Cr
Equity Share Capital ₹12.9 Cr ₹12.9 Cr ₹12.9 Cr ₹12.9 Cr ₹12.9 Cr ₹12.9 Cr ₹12.9 Cr ₹12.9 Cr
Borrowings (Non-current) ₹0 ₹0 ₹7 Lakh ₹18.85 Cr ₹67.35 Cr ₹244.64 Cr ₹343.83 Cr ₹578.52 Cr
Borrowings (Current) ₹0 ₹4 Lakh ₹3.99 Cr ₹32.42 Cr ₹207.83 Cr ₹383.87 Cr ₹444.89 Cr ₹288.97 Cr
Total Debt (computed) ₹0 ₹4 Lakh ₹4.06 Cr ₹51.27 Cr ₹275.18 Cr ₹628.51 Cr ₹788.72 Cr ₹867.49 Cr
Current Liabilities ₹35.49 Cr ₹57.66 Cr ₹263.31 Cr ₹409.6 Cr ₹614.77 Cr ₹1,717.62 Cr ₹2,182.6 Cr ₹1,745.42 Cr
Total Liabilities ₹55.22 Cr ₹85.3 Cr ₹280.37 Cr ₹476.27 Cr ₹714.79 Cr ₹2,119.47 Cr ₹2,737.46 Cr ₹2,506.33 Cr
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow -₹6.11 Cr -₹103.35 Cr ₹4.16 Cr ₹54.58 Cr ₹200.72 Cr
Investing Cash Flow ₹26 Lakh ₹6.5 Cr ₹7.84 Cr ₹215.94 Cr ₹32.1 Cr
Financing Cash Flow -₹1.36 Cr -₹64 Lakh -₹6.45 Cr -₹242.8 Cr -₹298.19 Cr
Capital Expenditure ₹2.13 Cr ₹1.97 Cr ₹54 Lakh ₹15.2 Cr ₹59.2 Cr
Free Cash Flow (computed) -₹8.24 Cr -₹105.32 Cr ₹3.62 Cr ₹39.38 Cr ₹141.52 Cr
Dividends Paid ₹9 Lakh ₹6 Lakh ₹1 Lakh ₹82.35 Cr ₹0
Net Change in Cash -₹7.21 Cr -₹97.4 Cr -₹1.65 Cr ₹27.72 Cr -₹65.37 Cr
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25
Revenue from Operations ₹17.19 Cr ₹17.8 Cr ₹18.7 Cr ₹22.45 Cr ₹88.68 Cr ₹40.23 Cr ₹34.66 Cr ₹35.79 Cr
Other Income ₹1.4 Cr ₹2.08 Cr ₹5.74 Cr ₹4.92 Cr ₹2.08 Cr ₹9.55 Cr ₹2.5 Cr ₹2.24 Cr
Total Income ₹18.59 Cr ₹19.88 Cr ₹24.44 Cr ₹27.37 Cr ₹90.76 Cr ₹49.78 Cr ₹37.16 Cr ₹38.03 Cr
Cost of Materials Consumed ₹4.82 Cr ₹4.35 Cr ₹4.19 Cr ₹4.26 Cr ₹4.53 Cr ₹3.96 Cr ₹5.14 Cr ₹4.2 Cr
Purchases of Stock-in-Trade ₹3 Lakh ₹38 Lakh ₹3 Lakh ₹34 Lakh ₹0 ₹0 ₹0 ₹0
Changes in Inventories ₹8 Lakh ₹29 Lakh ₹69 Lakh ₹4.58 Cr ₹58.04 Cr ₹20.17 Cr ₹14.79 Cr ₹14.09 Cr
Employee Benefit Expense ₹3.42 Cr ₹5.11 Cr ₹4.13 Cr ₹4.06 Cr ₹3.2 Cr ₹3.79 Cr ₹3.91 Cr ₹3.63 Cr
Finance Costs ₹18 Lakh ₹16 Lakh ₹15 Lakh ₹16 Lakh ₹13 Lakh ₹21 Lakh ₹20 Lakh ₹23 Lakh
Depreciation & Amortisation ₹1.26 Cr ₹52 Lakh ₹56 Lakh ₹57 Lakh ₹41 Lakh ₹42 Lakh ₹37 Lakh ₹38 Lakh
Other Expenses ₹5.79 Cr ₹4.65 Cr ₹6.79 Cr ₹8.06 Cr ₹8.59 Cr ₹8.83 Cr ₹6.61 Cr ₹9.08 Cr
Total Expenses ₹15.58 Cr ₹15.46 Cr ₹16.54 Cr ₹22.03 Cr ₹74.9 Cr ₹37.38 Cr ₹31.02 Cr ₹31.61 Cr
Profit Before Exceptional Items & Tax ₹3.01 Cr ₹4.42 Cr ₹7.9 Cr ₹5.34 Cr ₹15.86 Cr ₹12.4 Cr ₹6.14 Cr ₹6.42 Cr
Exceptional Items ₹0 ₹0 ₹0 ₹0 -₹2 Lakh ₹0 -₹24 Lakh ₹0
Profit Before Tax ₹3.01 Cr ₹4.42 Cr ₹7.9 Cr ₹5.34 Cr ₹15.84 Cr ₹12.4 Cr ₹5.9 Cr ₹6.42 Cr
Total Tax Expense ₹1.12 Cr ₹70 Lakh ₹2.05 Cr ₹90 Lakh ₹5.45 Cr ₹3.54 Cr ₹1.1 Cr ₹1.21 Cr
Net Profit -₹1.97 Cr ₹4.19 Cr ₹6.33 Cr ₹4.86 Cr ₹102.85 Cr ₹9.5 Cr ₹5.14 Cr ₹5.28 Cr
  attributable to Owners -₹1.97 Cr ₹4.19 Cr ₹6.33 Cr ₹4.86 Cr ₹102.85 Cr ₹9.5 Cr ₹5.14 Cr ₹5.28 Cr
  attributable to NCI ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Other Comprehensive Income -₹34.8 Cr ₹1.99 Cr -₹12.5 Cr ₹11.78 Cr -₹16.01 Cr ₹32 Lakh ₹5.16 Cr ₹28.41 Cr
Total Comprehensive Income -₹36.77 Cr ₹6.18 Cr -₹6.17 Cr ₹16.64 Cr ₹86.84 Cr ₹9.82 Cr ₹10.3 Cr ₹33.69 Cr
EBITDA (computed) ₹4.45 Cr ₹5.1 Cr ₹8.61 Cr ₹6.07 Cr ₹16.4 Cr ₹13.03 Cr ₹6.71 Cr ₹7.03 Cr
Basic EPS ₹-1.55 ₹3.29 ₹4.97 ₹3.82 ₹5.98 ₹7.46 ₹4.04 ₹4.15
Diluted EPS ₹-1.55 ₹3.29 ₹4.97 ₹3.82 ₹5.98 ₹7.46 ₹4.04 ₹4.15
Latest 8 quarters shown.
Segment · Q4 FY26 (latest quarter) Revenue Result (PBIT) Assets Liabilities
Coding and Industrial Automation ₹10 Cr ₹67 Lakh ₹16.13 Cr ₹10.81 Cr
Real Estate ₹7.26 Cr ₹4.04 Cr ₹37.69 Cr ₹27.64 Cr
Segment · FY 2026 (annual) Revenue Result (PBIT) Assets Liabilities
Coding and Industrial Automation ₹38.85 Cr ₹1.42 Cr - -
Real Estate ₹39.27 Cr ₹22.18 Cr - -
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 FY 2019
Revenue from Operations ₹73.14 Cr ₹196.84 Cr ₹123.45 Cr ₹247.81 Cr ₹235.05 Cr ₹562.36 Cr ₹194.88 Cr ₹227.28 Cr
Other Income ₹12.05 Cr ₹15.96 Cr ₹22.81 Cr ₹213.93 Cr ₹13.7 Cr ₹13.37 Cr ₹7.53 Cr ₹18.11 Cr
Total Income ₹85.19 Cr ₹212.8 Cr ₹146.26 Cr ₹461.74 Cr ₹248.75 Cr ₹575.73 Cr ₹202.41 Cr ₹245.39 Cr
Cost of Materials Consumed ₹17.89 Cr ₹17.82 Cr ₹19.56 Cr ₹92.27 Cr ₹81.66 Cr ₹57.61 Cr ₹82.7 Cr ₹87.09 Cr
Purchases of Stock-in-Trade ₹0 ₹0 ₹1.21 Cr ₹3.55 Cr ₹2.73 Cr ₹84 Lakh ₹2.4 Cr ₹14 Lakh
Changes in Inventories ₹5.56 Cr ₹107.09 Cr ₹28.93 Cr -₹28.75 Cr -₹22.14 Cr ₹229.26 Cr -₹87.18 Cr -₹84.13 Cr
Employee Benefit Expense ₹15.89 Cr ₹14.14 Cr ₹14.26 Cr ₹51.29 Cr ₹48.8 Cr ₹42.38 Cr ₹47.08 Cr ₹44.82 Cr
Finance Costs ₹60 Lakh ₹52 Lakh ₹1.09 Cr ₹8.18 Cr ₹12.35 Cr ₹13.76 Cr ₹11.84 Cr ₹12.01 Cr
Depreciation & Amortisation ₹2.84 Cr ₹1.52 Cr ₹1.58 Cr ₹13.62 Cr ₹13.08 Cr ₹14.29 Cr ₹12.11 Cr ₹9.47 Cr
Other Expenses ₹23.89 Cr ₹31.89 Cr ₹52.27 Cr ₹103.41 Cr ₹90.83 Cr ₹94.1 Cr ₹154.06 Cr ₹155.89 Cr
Total Expenses ₹66.67 Cr ₹172.98 Cr ₹118.9 Cr ₹243.57 Cr ₹227.31 Cr ₹452.24 Cr ₹223.01 Cr ₹225.29 Cr
Profit Before Exceptional Items & Tax ₹18.52 Cr ₹39.82 Cr ₹27.36 Cr ₹218.17 Cr ₹21.44 Cr ₹123.49 Cr -₹20.6 Cr ₹20.1 Cr
Exceptional Items ₹0 -₹2.02 Cr -₹4.86 Cr ₹29.05 Cr ₹4,100.91 Cr -₹114.38 Cr -₹5.18 Cr -₹9.71 Cr
Profit Before Tax ₹18.52 Cr ₹37.8 Cr ₹22.5 Cr ₹247.22 Cr ₹4,122.35 Cr ₹9.11 Cr -₹25.78 Cr ₹10.39 Cr
Total Tax Expense ₹3.8 Cr ₹10.87 Cr ₹2.16 Cr ₹8.63 Cr -₹10.59 Cr ₹40.13 Cr -₹1.23 Cr ₹12 Lakh
Net Profit ₹14.72 Cr ₹26.93 Cr ₹20.34 Cr ₹238.59 Cr ₹4,132.94 Cr -₹31.02 Cr -₹24.55 Cr ₹10.27 Cr
Other Comprehensive Income -₹10.71 Cr ₹7.92 Cr ₹2.75 Cr ₹13.08 Cr ₹22 Lakh -₹34 Lakh -₹13 Lakh ₹1 Lakh
Total Comprehensive Income ₹4.01 Cr ₹34.85 Cr ₹23.09 Cr ₹251.67 Cr ₹4,133.16 Cr -₹31.36 Cr -₹24.68 Cr ₹10.28 Cr
EBITDA (computed) ₹21.96 Cr ₹41.86 Cr ₹30.03 Cr ₹239.97 Cr ₹46.87 Cr ₹151.54 Cr ₹3.35 Cr ₹41.58 Cr
Basic EPS ₹11.41 ₹20.88 ₹15.77 ₹184.95 ₹3,203.83 ₹-24.05 ₹-19.03 ₹7.96
Diluted EPS ₹11.41 ₹20.88 ₹15.77 ₹184.95 ₹3,203.83 ₹-24.05 ₹-19.03 ₹7.96
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 FY 2019
Total Assets ₹210.45 Cr ₹229.26 Cr ₹361.81 Cr ₹528.2 Cr ₹457.45 Cr ₹528.3 Cr ₹864 Cr ₹746.19 Cr
Non-current Assets ₹132.31 Cr ₹141.29 Cr ₹138.6 Cr ₹226.42 Cr ₹180.69 Cr ₹303.42 Cr ₹432.09 Cr ₹388.52 Cr
Current Assets ₹78.14 Cr ₹87.97 Cr ₹223.17 Cr ₹301.7 Cr ₹225.04 Cr ₹224.49 Cr ₹431.91 Cr ₹357.63 Cr
Property, Plant & Equipment ₹3.58 Cr ₹2.62 Cr ₹1.43 Cr ₹85.88 Cr ₹92.97 Cr ₹90.94 Cr ₹101.4 Cr ₹50.91 Cr
Inventories ₹9.72 Cr ₹13.97 Cr ₹121.44 Cr ₹180.52 Cr ₹163.44 Cr ₹133.28 Cr ₹361.54 Cr ₹283.09 Cr
Trade Receivables ₹7.87 Cr ₹7.87 Cr ₹6.71 Cr ₹29.24 Cr ₹31.44 Cr ₹34.52 Cr ₹25.07 Cr ₹41.13 Cr
Cash & Equivalents ₹1.67 Cr ₹9.68 Cr ₹18.2 Cr ₹36.26 Cr ₹6.11 Cr ₹21.71 Cr ₹1.91 Cr ₹8.24 Cr
Equity (Net Worth) ₹160.81 Cr ₹156.8 Cr ₹121.95 Cr ₹206.85 Cr ₹39.02 Cr ₹170.29 Cr ₹201.66 Cr ₹234.12 Cr
Equity Share Capital ₹12.9 Cr ₹12.9 Cr ₹12.9 Cr ₹12.9 Cr ₹12.9 Cr ₹12.9 Cr ₹12.9 Cr ₹12.9 Cr
Borrowings (Non-current) ₹0 ₹0 ₹0 ₹10.13 Cr ₹55.48 Cr ₹58.24 Cr ₹67.76 Cr ₹62.26 Cr
Borrowings (Current) ₹0 ₹4 Lakh ₹0 ₹2.43 Cr ₹46.21 Cr ₹37.65 Cr ₹72.77 Cr ₹53.13 Cr
Total Debt (computed) ₹0 ₹4 Lakh ₹0 ₹12.56 Cr ₹101.69 Cr ₹95.89 Cr ₹140.53 Cr ₹115.39 Cr
Current Liabilities ₹34.03 Cr ₹55.78 Cr ₹222.9 Cr ₹295.88 Cr ₹356 Cr ₹290 Cr ₹584.16 Cr ₹441.9 Cr
Total Liabilities ₹49.64 Cr ₹72.46 Cr ₹239.86 Cr ₹321.35 Cr ₹418.43 Cr ₹358.01 Cr ₹662.34 Cr ₹512.07 Cr
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow -₹6.05 Cr -₹12.78 Cr -₹16.85 Cr ₹63.65 Cr ₹62.49 Cr
Investing Cash Flow -₹67 Lakh ₹4.86 Cr ₹3.26 Cr ₹147.47 Cr -₹16.47 Cr
Financing Cash Flow -₹1.29 Cr -₹60 Lakh -₹1.14 Cr -₹180.97 Cr -₹61.62 Cr
Capital Expenditure ₹1.84 Cr ₹1.97 Cr ₹23 Lakh ₹9.97 Cr ₹31.97 Cr
Free Cash Flow (computed) -₹7.89 Cr -₹14.75 Cr -₹17.08 Cr ₹53.68 Cr ₹30.52 Cr
Dividends Paid ₹9 Lakh ₹6 Lakh ₹0 ₹83.44 Cr ₹0
Net Change in Cash -₹8.01 Cr -₹8.52 Cr -₹14.73 Cr ₹30.15 Cr -₹15.6 Cr
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25
Revenue from Operations ₹16.48 Cr ₹16.5 Cr ₹18.13 Cr ₹22.03 Cr ₹88.22 Cr ₹39.04 Cr ₹34.22 Cr ₹35.36 Cr
Other Income ₹1.3 Cr ₹1.25 Cr ₹5.68 Cr ₹3.82 Cr ₹1.61 Cr ₹9.81 Cr ₹2.27 Cr ₹2.27 Cr
Total Income ₹17.78 Cr ₹17.75 Cr ₹23.81 Cr ₹25.85 Cr ₹89.83 Cr ₹48.85 Cr ₹36.49 Cr ₹37.63 Cr
Cost of Materials Consumed ₹4.82 Cr ₹4.42 Cr ₹4.28 Cr ₹4.37 Cr ₹4.53 Cr ₹3.95 Cr ₹5.14 Cr ₹4.2 Cr
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Changes in Inventories ₹9 Lakh -₹1 Lakh ₹55 Lakh ₹4.93 Cr ₹58.04 Cr ₹20.17 Cr ₹14.79 Cr ₹14.09 Cr
Employee Benefit Expense ₹3.38 Cr ₹5 Cr ₹3.87 Cr ₹3.64 Cr ₹3.16 Cr ₹3.68 Cr ₹3.79 Cr ₹3.51 Cr
Finance Costs ₹15 Lakh ₹14 Lakh ₹15 Lakh ₹16 Lakh ₹12 Lakh ₹14 Lakh ₹11 Lakh ₹15 Lakh
Depreciation & Amortisation ₹1.25 Cr ₹51 Lakh ₹53 Lakh ₹55 Lakh ₹39 Lakh ₹41 Lakh ₹36 Lakh ₹36 Lakh
Other Expenses ₹5.37 Cr ₹4.42 Cr ₹6.43 Cr ₹7.67 Cr ₹8.28 Cr ₹8.63 Cr ₹6.13 Cr ₹8.85 Cr
Total Expenses ₹15.06 Cr ₹14.48 Cr ₹15.81 Cr ₹21.32 Cr ₹74.52 Cr ₹36.98 Cr ₹30.32 Cr ₹31.16 Cr
Profit Before Exceptional Items & Tax ₹2.72 Cr ₹3.27 Cr ₹8 Cr ₹4.53 Cr ₹15.31 Cr ₹11.87 Cr ₹6.17 Cr ₹6.47 Cr
Exceptional Items ₹0 ₹0 ₹0 ₹0 -₹2.52 Cr -₹10 Lakh ₹60 Lakh ₹0
Profit Before Tax ₹2.72 Cr ₹3.27 Cr ₹8 Cr ₹4.53 Cr ₹12.79 Cr ₹11.77 Cr ₹6.77 Cr ₹6.47 Cr
Total Tax Expense ₹85 Lakh ₹43 Lakh ₹1.96 Cr ₹56 Lakh ₹5.32 Cr ₹3.37 Cr ₹1.04 Cr ₹1.14 Cr
Net Profit ₹1.87 Cr ₹2.84 Cr ₹6.04 Cr ₹3.97 Cr ₹7.47 Cr ₹8.4 Cr ₹5.73 Cr ₹5.33 Cr
Other Comprehensive Income -₹18.29 Cr ₹4.84 Cr -₹2.79 Cr ₹5.53 Cr -₹3.49 Cr ₹94 Lakh ₹7.96 Cr ₹2.51 Cr
Total Comprehensive Income -₹16.42 Cr ₹7.68 Cr ₹3.25 Cr ₹9.5 Cr ₹3.98 Cr ₹9.34 Cr ₹13.69 Cr ₹7.84 Cr
EBITDA (computed) ₹4.12 Cr ₹3.92 Cr ₹8.68 Cr ₹5.24 Cr ₹15.82 Cr ₹12.42 Cr ₹6.64 Cr ₹6.98 Cr
Basic EPS ₹1.45 ₹2.20 ₹4.68 ₹3.08 ₹5.79 ₹6.51 ₹4.44 ₹4.13
Diluted EPS ₹1.45 ₹2.20 ₹4.68 ₹3.08 ₹5.79 ₹6.51 ₹4.44 ₹4.13
Latest 8 quarters shown.
Segment · Q4 FY26 (latest quarter) Revenue Result (PBIT) Assets Liabilities
Coding and Industrial Automation ₹9.69 Cr ₹53 Lakh ₹15.81 Cr ₹10.8 Cr
Real Estate ₹6.79 Cr ₹2.56 Cr ₹29.58 Cr ₹27.25 Cr
Segment · FY 2026 (annual) Revenue Result (PBIT) Assets Liabilities
Coding and Industrial Automation ₹35.76 Cr ₹1.85 Cr - -
Real Estate ₹37.38 Cr ₹19.24 Cr - -
Want more history and ratios?
You're viewing the latest exchange-filed financials for Forbes & Company Limited. The full report adds 10+ years of line-item history, 20+ ratios, peer benchmarks and a downloadable PDF.
10+ years of history 20+ ratios & benchmarks Downloadable PDF

Shareholding Pattern of Forbes & Company Limited

As per the shareholding pattern filed with BSE for the quarter ended Mar 2026, promoters hold 73.85%, foreign institutional investors hold 8.24%, domestic institutional investors hold 0.11%, retail and other public shareholders hold 16.95% of Forbes & Company Limited. The company had 12,184 shareholders on record.

Promoters: 73.85%DII (Domestic Institutional): 0.11%FII (Foreign Institutional): 8.24%Retail & Others: 16.95%Others: 0.85%
Mar 2026
QUARTER
73.85% Promoters
0.11% DII (Domestic Institutional)
8.24% FII (Foreign Institutional)
16.95% Retail & Others
0.85% Others
Promoter holding - history
Now 73.85% · Mar 2026High 73.85% · Jun 2023Low 73.85% · Jun 2023
72%72.8%73.5%74.3%75%Jun 2023Dec 2023Jun 2024Dec 2024Jun 2025Dec 2025Jun 2023: 73.85%Sep 2023: 73.85%Dec 2023: 73.85%Mar 2024: 73.85%Jun 2024: 73.85%Sep 2024: 73.85%Dec 2024: 73.85%Mar 2025: 73.85%Jun 2025: 73.85%Sep 2025: 73.85%Dec 2025: 73.85%Mar 2026: 73.85%73.85%73.85%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Promoters73.85%73.85%73.85%73.85%73.85%73.85%
Public26.15%26.15%26.15%26.15%26.15%26.15%
Shareholding history - year on year (as at 31 March)
Mar 2026Mar 2025Mar 2024
Promoters73.85%73.85%73.85%
Public26.15%26.15%26.15%
Promoter change (YoY, %pts)+0.00+0.00-

Group Structure of Forbes & Company Limited

Forbes & Company Limited has 6 subsidiary companies, 2 joint ventures, and 2 associated companies. This group structure data is as of FY 2023. The corporate group structure reflects Forbes & Company Limited's business expansion strategy and organizational complexity.

6
Subsidiary companies
2
Joint ventures
2
Associated companies
Key Subsidiaries
Company Name CIN Shares Held
Forbes Precision Tools And Machine Parts Limited U29256MH2022PLC389649 -
Forbes Technosys Limited U29290MH1991PLC062425 -
Forbes Bumi Armada Limited U35100MH2006PLC159958 -
Forbes Campbell Finance Limited U51103MH1977PLC259702 -
Volkart Fleming Shipping And Services Limited U63090MH1920PLC000808 -
Campbell Properties & Hospitality Services Limited U70102MH2014PLC260490 -

Showing major subsidiaries. Total: 6.

Charges & Borrowings of Forbes & Company Limited

Open charges
₹687.58 Cr
Satisfied charges
₹701.26 Cr
Breakdown by lending institutions
Idbi Trusteeship Services Limited₹380.00 Cr
Punjab National Bank₹96.80 Cr
Export-Import Bank of India₹63.35 Cr
Idbi Bank Limited₹35.90 Cr
Export -Import Bank of India₹24.00 Cr
Others₹87.53 Cr
Latest charge details
DateLenderAmountStatus
01 Aug 2025 Idbi Bank Limited ₹4.9 Cr Open
25 Nov 2024 Standard Chartered Bank ₹29 Lakh Open
02 Sep 2024 Idbi Trusteeship Services Limited ₹380 Cr Open
19 Aug 2024 Others ₹4 Cr Open
18 Aug 2023 Others ₹1.2 Cr Open

Total charge records: 91 View all charges

Employees and EPFO Compliance at Forbes & Company Limited

Forbes & Company Limited has a workforce of 137 employees as of Apr 01, 2024.

Employee count
137
Active EPFO establishments
1
Employee growth
-6.16%
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026

Employee Count & EPFO Data of Forbes & Company Limited

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Monthly employee headcount & PF contributions
EPFO establishment details & ECR filing status
Year-wise workforce analytics & attrition trends
PF exemption, coverage & compliance verification

GST Compliance of Forbes & Company Limited

XX%
Compliant
GSTR-1
GSTR-3B
GSTR-9
MH
KA
UP
TN
TS

GSTIN & GST Filing Data of Forbes & Company Limited

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GSTIN registrations & state-wise presence
Filing compliance - GSTR-1, GSTR-3B, GSTR-9
HSN/SAC codes with goods & services details
Taxpayer type, jurisdiction & business constitution

Credit Ratings, Litigation & Regulatory Alerts for Forbes & Company Limited

Credit rating
AAA
AA+
AA
AA-
! !
2015 2017 2019 2021 2023
Litigation
District Court 35
High Court 45
Supreme Court 0
NCLT / NCLAT 0
Pending
Disposed
Regulatory alerts
GSTIN Cancelled
Andhra Pradesh
GSTIN Cancelled
Telangana (on application)
EPFO Delay
12 months delay - Haryana
Violations via Directors
20 MCA + 19 Bank defaults

Credit Ratings, Legal Cases & Regulatory Alerts of Forbes & Company Limited

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Credit rating history across CARE, ICRA, Brickwork & India Ratings
Instrument-wise ratings, outlook & action timeline
Court-wise litigation (District, High Court, Supreme Court, NCLT)
Group company & common directorship litigation
Statutory compliance alerts (GSTIN, EPFO, ROC)
Director & company violations (MCA, SEBI, Banks, BSE/NSE)

MSME Payment Delays by Forbes & Company Limited

MSME Payment Delays by Forbes & Company Limited

Track payments outstanding to micro and small enterprise vendors, as disclosed in half-yearly MSME-1 returns filed with the MCA.

Amounts outstanding to MSME suppliers
Delay periods & reasons for delayed payments
Half-yearly MSME-1 filing history
Vendor-payment behaviour as a counterparty risk signal

Subsidiaries & Group Companies of Forbes & Company Limited

Subsidiaries & Group Companies of Forbes & Company Limited

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Holding & parent company details
Subsidiaries & step-down subsidiaries with % holding
Associates & joint ventures with partner details
Investments in other entities year-on-year

MCA Filings & Documents of Forbes & Company Limited

MCA Filings & Documents of Forbes & Company Limited

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Incorporation documents, MoA & AoA
Annual returns (MGT-7) & financial statements (AOC-4)
Charge filings (CHG-1, CHG-4) & resolutions
Complete document index with filing dates

Recent Activity on Forbes & Company Limited

Charges
03 Dec 2025
A charge with Others of Rs. 4.00 Cr registered on 19 Aug 2024 with Charge ID 100974954 was modified on 03 Dec 2025.
Charges
13 Nov 2025
A charge registered on 12 Jul 2019 via Charge ID 100278417 with Others was fully satisfied on 13 Nov 2025.
Charges
01 Aug 2025
A charge with Idbi Bank Limited amounted to Rs. 4.90 Cr with Charge ID 101143984 was registered on 01 Aug 2025.
Directors
23 Jul 2025
Pavan Radhesham Somani was appointed as a Cfo on 23 Jul 2025 & has been associated with this company since 11 months 18 days.
Activity
27 Jun 2025
Forbes & Company Limited last Annual general meeting of members was held on 27 Jun 2025 as per latest MCA records.
Directors
30 Apr 2025
Nirmal Chandmal Jagawat was appointed as a Whole-time director on 30 Apr 2025 & has been associated with this company since 1 year 2 months.

Recent News on Forbes & Company Limited

Frequently Asked Questions about Forbes & Company Limited

Forbes & Company Limited is an active public limited company in the machinery and equipment sector based in Mumbai, Maharashtra, India. It was incorporated on 18 November 1919 (107+ years old) and is registered under CIN L17110MH1919PLC000628. Listed on BSE: 502865. The company has 137 employees.

Forbes & Company Limited reported revenue of ₹215.57 Cr for FY 2025 (up 46.00% YoY).

The current directors of Forbes & Company Limited are:

The primary industry of Forbes & Company Limited is machinery and equipment. The company specifically operates in industrial tools and components. The company is currently active in this sector.

Yes. Forbes & Company Limited is listed on BSE with code 502865.

Forbes & Company Limited can be reached at the registered office: Forbes Building Charanjit Rai Marg Fort, Mumbai, Maharashtra, India – 400001, or through the website forbes.co.in.

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