Market cap
$789 Mln
Revenue (TTM)
$35 Mln
P/E Ratio
--
P/B Ratio
0.5
Div. Yield
0 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 169.78 | 224.01 | 18.00 | -5.55 | -0.45 |
| EBIT | -- | -- | -7,556.79 | -544.85 | -477.22 |
| Net Profit | -257.18 | -82,611.49 | -32,529.18 | -818.22 | -444.90 |
| EPS | 75.52 | -819.01 | -1,401.44 | -341.11 | -321.40 |
| Book Value | -- | -- | 7,933.63 | 226.34 | 99.18 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Sep-25 | Sep-24 |
| EBIT-Margin
| -312.31 | -186.75 | -480.40 | -931.52 | -6.17 |
| Net Margin
| -- | -- | -2,148.44 | -- | -- |
| Return on equity
| -58.89 | -37.86 | -170.08 | -22.67 | -69.87 |
| Return on Capital
| -30.90 | -20.05 | -- | -22.58 | -29.19 |
| Return on Assets
| -18.02 | -11.63 | -153.74 | -22.42 | -12.13 |
| Debt to Equity (x)
| -- | -- | 0.00 | 0.00 | 1.16 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Forward (FORD)
|
--
|
-22.58
|
-29.19
|
-40.93
|
-11.37
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
ROE
-170.08
Lower than Peers by 181.17
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Forward (FORD)
|
-170.08
|
-22.67
|
-69.87
|
-84.13
|
-20.11
|
|
Peer Median
|
11.09
|
--
|
--
|
--
|
--
|
ROA
-153.74
Lower than Peers by 158.34
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Forward (FORD)
|
-153.74
|
-22.42
|
-12.13
|
-19.50
|
-6.76
|
|
Peer Median
|
4.60
|
--
|
--
|
--
|
--
|
EBIT Margin
-480.40
Lower than Peers by 487.66
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Forward (FORD)
|
-480.40
|
-931.52
|
-6.17
|
0.77
|
1.39
|
|
Peer Median
|
7.26
|
--
|
--
|
--
|
--
|
Net Margin
-2,148.44
Lower than Peers by 2,153.89
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Forward (FORD)
|
-2,148.44
|
-918.23
|
-6.46
|
-10.18
|
-3.26
|
|
Peer Median
|
5.45
|
--
|
--
|
--
|
--
|
Cash Profit Margin
-0.01
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Forward (FORD)
|
-0.01
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
18.00
Higher than Peers by 19.15
Year on year growth in net sales
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Forward (FORD)
|
18.00
|
-0.40
|
-0.18
|
-0.13
|
0.08
|
|
Peer Median
|
-1.14
|
--
|
--
|
--
|
--
|
EBIT Growth
-7,556.79
Lower than Peers by 7,547.41
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Forward (FORD)
|
-7,556.79
|
-8,999.17
|
-758.24
|
-51.93
|
-15.42
|
|
Peer Median
|
-9.38
|
--
|
--
|
--
|
--
|
Net Profit Growth
-32,529.18
Lower than Peers by 32,521.72
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Forward (FORD)
|
-32,529.18
|
-8,461.72
|
47.80
|
-171.12
|
-363.12
|
|
Peer Median
|
-7.47
|
--
|
--
|
--
|
--
|
EPS Growth
-1,401.44
Lower than Peers by 2,045.97
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Forward (FORD)
|
-1,401.44
|
-12.88
|
0.52
|
-1.71
|
-3.75
|
|
Peer Median
|
644.54
|
--
|
--
|
--
|
--
|
Book Value Growth
329.40
Higher than Peers by 281.06
Year on year growth in book value per share
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Forward (FORD)
|
329.40
|
--
|
--
|
--
|
--
|
|
Peer Median
|
48.34
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
--
--
Total debt / Net worth
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Forward (FORD)
|
--
|
0.00
|
1.16
|
1.66
|
0.80
|
|
Peer Median
|
0.27
|
--
|
--
|
--
|
--
|
Short term debt to equity ratio
0.00
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Forward (FORD)
|
0.00
|
0.00
|
0.34
|
0.16
|
0.06
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
6.24
Higher than Peers by 4.41
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Forward (FORD)
|
6.24
|
15.14
|
1.03
|
1.05
|
1.44
|
|
Peer Median
|
1.84
|
--
|
--
|
--
|
--
|
Quick Ratio
6.24
Higher than Peers by 5.14
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Forward (FORD)
|
6.24
|
--
|
0.98
|
1.02
|
1.37
|
|
Peer Median
|
1.10
|
--
|
--
|
--
|
--
|
Interest Coverage
-20,203.27
Lower than Peers by 20,214.47
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Forward (FORD)
|
-20,203.27
|
-3,447.51
|
-29.71
|
2.71
|
4.77
|
|
Peer Median
|
11.20
|
--
|
--
|
--
|
--
|
Operating Efficiency
Debtors to sales
8.56
Lower than Peers by 2.66
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Forward (FORD)
|
8.56
|
8.99
|
18.58
|
18.99
|
17.82
|
|
Peer Median
|
11.22
|
--
|
--
|
--
|
--
|
Asset Turnover
0.07
Lower than Peers by 0.79
Sales / Average Total Assets
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Forward (FORD)
|
0.07
|
0.02
|
1.88
|
1.91
|
2.08
|
|
Peer Median
|
0.86
|
--
|
--
|
--
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Forward (FORD)
|
--
|
72.74
|
76.07
|
72.23
|
70.33
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Forward (FORD)
|
--
|
13.77
|
6.28
|
6.35
|
14.59
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Forward (FORD)
|
--
|
7.90
|
4.93
|
5.07
|
3.55
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Forward (FORD)
|
--
|
78.61
|
77.42
|
73.51
|
81.36
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
--
--
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Forward (FORD)
|
--
|
-1.04
|
-2.11
|
-0.20
|
-0.97
|
|
Peer Median
|
20.82
|
--
|
--
|
--
|
--
|
Price / Book Value
0.49
Lower than Peers by 1.33
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Forward (FORD)
|
0.49
|
0.12
|
1.38
|
0.29
|
0.21
|
|
Peer Median
|
1.82
|
--
|
--
|
--
|
--
|
Dividend Yield
--
--
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Forward (FORD)
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
1.00
|
--
|
--
|
--
|
--
|
EV/EBITDA
20.89
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Forward (FORD)
|
20.89
|
-0.82
|
-2.95
|
3.23
|
4.22
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Market Cap
789
Higher than Peers by 385
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Forward (FORD)
|
789
|
--
|
--
|
--
|
--
|
|
Peer Median
|
404
|
--
|
--
|
--
|
--
|