Forcas Studio Peer Comparison

NSE: FORCAS

₹214.00

₹4.00 (1.90%)

As on 28-Aug-2026IST

Market cap

₹376 Cr

Revenue (TTM)

₹142 Cr

P/E Ratio

27.6

P/B Ratio

5.9

Div. Yield

0 %

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	Forcas Studio	Pearl Global	Arvind Fashions	Gokaldas Exports	Kewal Kiran Cloth
Market cap (₹ Cr)	376	10,689	6,022	5,621	3,124
Revenue (₹ Cr)	142	5,325	5,437	4,185	1,258
Net Profit (₹ Cr)	8.63	303.71	186.41	102.96	160.84
Net Margin (%)	6.03	5.66	3.43	2.41	12.56
RoE (%)	20.63	22.82	13.58	4.77	15.74
Price to Earnings	27.59	34.44	50.37	54.60	21.10
Price-To-Book	5.91	6.87	6.33	2.55	3.25

Income Statement
Liabilities
Assets
Cashflow
Ratios

Income Statement (₹ Cr)

	Forcas Studio	Pearl Global	Arvind Fashions	Gokaldas Exports	Kewal Kiran Cloth
Operating Revenue	142.24	4,506.29	4,619.84	3,864.24	1,002.77
Total Income	143.04	4,541.96	4,654.48	3,928.77	1,055.53
Total Expenditure	128.40	4,091.51	4,003.93	3,504.86	815.57
EBITDA	13.85	414.77	615.91	359.38	187.21
Depreciation	0.33	75.22	255.72	128.40	32.18
EBIT	13.52	339.56	360.19	230.98	155.02
Interest	2.67	112.47	169.71	77.43	10.13
Other Income	0.80	35.68	34.64	64.53	52.76
Exceptional Items	--	4.56	--	--	--
Profit before Tax	11.65	267.33	225.12	218.07	197.61
Provision for Tax	3.02	36.56	190.72	59.53	48.42
Profit after Tax	8.63	230.77	34.40	158.54	149.19

Liabilities (₹ Cr)

	Forcas Studio	Pearl Global	Arvind Fashions	Gokaldas Exports	Kewal Kiran Cloth
Shareholder's Funds	63.66	1,155.70	957.12	2,080.68	819.93
Minority Interest	--	-9.21	207.38	--	171.22
Non-Current Liabilities	1.37	351.89	490.47	443.41	86.16
Current Liabilities	25.86	1,143.58	1,871.46	975.91	348.47
Total Liabilities	91.01	2,648.11	3,809.18	3,537.17	1,425.77

Assets (₹ Cr)

	Forcas Studio	Pearl Global	Arvind Fashions	Gokaldas Exports	Kewal Kiran Cloth
Non-Current Assets	5.33	858.85	1,119.36	1,657.29	567.41
Current Assets	85.56	1,783.12	2,429.27	1,842.70	858.36
Total Assets	91.01	2,648.11	3,809.18	3,537.17	1,425.77
Total Debt*	13.36	551.55	389.57	643.33	107.98
Net Current Assets	59.70	639.54	557.81	866.80	509.90
Contingent Liabilities	2.31	268.45	114.56	318.09	3.55

Cashflow (₹ Cr)

	Forcas Studio	Pearl Global	Arvind Fashions	Gokaldas Exports	Kewal Kiran Cloth
Cash From Operating Activities	-10.05	176.39	529.52	57.20	13.66
Cash Flow from Investing Activities	4.88	-103.50	-75.22	-420.71	-184.35
Cash from Financing Activities	13.26	101.13	-456.02	473.48	-19.85
Net Cash Inflow / Outflow	8.10	174.01	-1.72	109.96	-190.54

Ratios

Profitability Ratios

	Forcas Studio	Pearl Global	Arvind Fashions	Gokaldas Exports	Kewal Kiran Cloth
ROCE (%)	22.04	25.71	28.04	12.75	25.87
ROE (%)	20.63	23.84	3.58	9.72	19.95
ROA (%)	11.01	9.88	1.02	5.11	13.19
EBIT Margin (%)	10.29	10.00	14.08	10.97	23.93
Net Margin (%)	6.03	5.08	0.74	4.04	14.13
Cash Profit Margin (%)	6.30	6.77	4.96	7.43	14.62

Growth Ratios

	Forcas Studio	Pearl Global	Arvind Fashions	Gokaldas Exports	Kewal Kiran Cloth
Revenue Growth (%)	251.40	31.14	8.47	62.44	16.53
EBIT Growth (%)	288.15	26.26	16.98	49.21	12.12
Net Profit Growth (%)	303.37	36.45	-67.73	21.05	-3.17
EPS Growth (%)	195.98	34.77	-144.00	7.36	-6.23
Book Value Growth (%)	218.45	44.09	-4.66	62.05	21.34

Valuation Ratios

	Forcas Studio	Pearl Global	Arvind Fashions	Gokaldas Exports	Kewal Kiran Cloth
Price / Earnings	14.72	24.34	0.00	36.29	19.49
Price / Book Value	2.00	5.29	5.30	2.85	3.43
Dividend Yield (%)	0.00	0.87	0.43	0.00	0.00
EV/EBITDA	9.01	13.38	7.99	14.70	11.63
Market Cap (₹ Cr)	127.01	6,043.83	4,976.03	5,753.47	2,815.69

Solvency Ratios

	Forcas Studio	Pearl Global	Arvind Fashions	Gokaldas Exports	Kewal Kiran Cloth
Debt to Equity	0.21	0.48	0.42	0.32	0.13
Short term debt to equity ratio	0.19	0.38	0.38	0.14	0.13
Current Ratio	3.31	1.56	1.30	1.89	2.46
Quick Ratio	2.01	0.94	0.72	1.19	1.82
Interest Coverage	5.36	3.38	2.33	3.82	20.50

Operating Efficiency Ratios

	Forcas Studio	Pearl Global	Arvind Fashions	Gokaldas Exports	Kewal Kiran Cloth
Debtors to sales (%)	26.90	7.20	15.79	11.10	31.25
Asset Turnover	1.82	1.94	1.73	1.25	1.10
Receivable days	90.48	23.80	42.92	36.90	75.94
Inventory Days	68.14	48.75	62.04	60.71	45.15
Payable days	42.25	80.25	126.02	39.93	66.33
Cash Conversion Cycle	116.38	-7.70	-21.07	57.69	54.76

Annual
Quarterly