Market cap
$68 Mln
Revenue (TTM)
$30 Mln
P/E Ratio
--
P/B Ratio
2.3
Div. Yield
0 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | -13.96 | -2.91 | 34.57 | 4.30 | -5.64 |
| EBIT | -96.23 | -212.64 | -51.42 | 19.15 | 9.58 |
| Net Profit | -84.55 | -198.63 | -38.70 | 9.95 | 9.87 |
| EPS | -84.31 | -198.34 | -38.62 | 9.50 | 9.99 |
| Book Value | -- | -- | -1.23 | 35.36 | 20.40 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Dec-25 | Dec-24 |
| EBIT-Margin
| -3.39 | -55.41 | -15.87 | -8.27 | -14.86 |
| Net Margin
| -- | -- | -17.00 | -- | -- |
| Return on equity
| 10.89 | -50.25 | -17.63 | -9.61 | -13.05 |
| Return on Capital
| 2.60 | -27.46 | -- | -8.64 | -8.62 |
| Return on Assets
| 2.48 | -23.89 | -8.67 | -6.30 | -6.98 |
| Debt to Equity (x)
| -- | -- | 0.00 | 0.00 | 0.22 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Forian (FORA)
|
--
|
-8.64
|
-8.62
|
25.06
|
-58.87
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
ROE
-17.63
Lower than Peers by 28.86
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Forian (FORA)
|
-17.63
|
-9.61
|
-13.05
|
55.33
|
-138.17
|
|
Peer Median
|
11.23
|
--
|
--
|
--
|
--
|
ROA
-8.67
Lower than Peers by 12.48
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Forian (FORA)
|
-8.67
|
-6.30
|
-6.98
|
20.73
|
-50.38
|
|
Peer Median
|
3.81
|
--
|
--
|
--
|
--
|
EBIT Margin
-15.87
Lower than Peers by 25.32
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Forian (FORA)
|
-15.87
|
-8.27
|
-14.86
|
12.96
|
-111.60
|
|
Peer Median
|
9.44
|
--
|
--
|
--
|
--
|
Net Margin
-17.00
Lower than Peers by 26.71
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Forian (FORA)
|
-17.00
|
-9.50
|
-18.71
|
54.23
|
-158.19
|
|
Peer Median
|
9.70
|
--
|
--
|
--
|
--
|
Cash Profit Margin
0.00
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Forian (FORA)
|
0.00
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
34.57
Higher than Peers by 19.36
Year on year growth in net sales
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Forian (FORA)
|
34.57
|
0.50
|
-0.02
|
0.25
|
-0.03
|
|
Peer Median
|
15.21
|
--
|
--
|
--
|
--
|
EBIT Growth
-51.42
Lower than Peers by 81.78
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Forian (FORA)
|
-51.42
|
16.42
|
-212.87
|
114.49
|
30.09
|
|
Peer Median
|
30.36
|
--
|
--
|
--
|
--
|
Net Profit Growth
-38.70
Lower than Peers by 70.39
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Forian (FORA)
|
-38.70
|
23.79
|
-133.95
|
142.76
|
2.18
|
|
Peer Median
|
31.69
|
--
|
--
|
--
|
--
|
EPS Growth
-38.62
Lower than Peers by 100.14
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Forian (FORA)
|
-38.62
|
0.24
|
-1.36
|
1.42
|
0.04
|
|
Peer Median
|
61.52
|
--
|
--
|
--
|
--
|
Book Value Growth
-10.61
Lower than Peers by 32.21
Year on year growth in book value per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Forian (FORA)
|
-10.61
|
--
|
--
|
--
|
--
|
|
Peer Median
|
21.61
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
--
--
Total debt / Net worth
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Forian (FORA)
|
--
|
0.00
|
0.22
|
0.83
|
2.05
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Short term debt to equity ratio
0.00
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Forian (FORA)
|
0.00
|
0.00
|
0.22
|
0.00
|
0.00
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
3.14
Higher than Peers by 1.53
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Forian (FORA)
|
3.14
|
2.97
|
2.68
|
8.56
|
3.22
|
|
Peer Median
|
1.61
|
--
|
--
|
--
|
--
|
Quick Ratio
3.14
Higher than Peers by 1.56
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Forian (FORA)
|
3.14
|
--
|
--
|
--
|
3.11
|
|
Peer Median
|
1.58
|
--
|
--
|
--
|
--
|
Interest Coverage
-23.92
Lower than Peers by 38.06
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Forian (FORA)
|
-23.92
|
-17.59
|
-4.23
|
3.18
|
-21.65
|
|
Peer Median
|
14.14
|
--
|
--
|
--
|
--
|
Operating Efficiency
Debtors to sales
12.97
Lower than Peers by 4.85
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Forian (FORA)
|
12.97
|
26.71
|
32.54
|
43.93
|
24.74
|
|
Peer Median
|
17.82
|
--
|
--
|
--
|
--
|
Asset Turnover
0.51
Higher than Peers by 0.08
Sales / Average Total Assets
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Forian (FORA)
|
0.51
|
0.66
|
0.37
|
0.38
|
0.32
|
|
Peer Median
|
0.43
|
--
|
--
|
--
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Forian (FORA)
|
--
|
88.37
|
140.96
|
116.44
|
78.60
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Forian (FORA)
|
--
|
--
|
--
|
64.47
|
71.78
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Forian (FORA)
|
--
|
61.23
|
28.49
|
15.93
|
52.12
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Forian (FORA)
|
--
|
--
|
--
|
164.98
|
98.26
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
--
--
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Forian (FORA)
|
--
|
-22.95
|
-16.94
|
8.55
|
-3.38
|
|
Peer Median
|
50.20
|
--
|
--
|
--
|
--
|
Price / Book Value
2.28
Lower than Peers by 5.41
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Forian (FORA)
|
2.28
|
2.21
|
2.13
|
3.42
|
7.07
|
|
Peer Median
|
7.68
|
--
|
--
|
--
|
--
|
Dividend Yield
--
--
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Forian (FORA)
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
EV/EBITDA
20.05
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Forian (FORA)
|
20.05
|
-15.15
|
-12.21
|
25.31
|
-5.10
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Market Cap
68
Lower than Peers by 1,058
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Forian (FORA)
|
68
|
--
|
--
|
--
|
--
|
|
Peer Median
|
1,126
|
--
|
--
|
--
|
--
|