Foce India share price

Foce India Ltd's share price was ₹575.00 at the close on 28 October 2026. It has been falling for 25 weeks. That is 4.7% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹487 and ₹825, and at that close it sat 26% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Foce India Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 2 weeks in a row.

Over the last 4.8 years the share price moved +521% while the NIFTY 500 moved +42%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: profit fell in the March 2026 quarter, number of shareholders up 101% in a year and revenue up on a year earlier for 5 quarters in a row.

1. Profit fell in the March 2026 quarter

   Profit was ₹0 crore, -26.2% on a year earlier (₹1 crore), after 4 quarters of growth.

2. Number of shareholders up 101% in a year

   506 shareholders in the September 2026 quarter, against 252 a year earlier.

3. Revenue up on a year earlier for 5 quarters in a row

   In the March 2026 quarter revenue was ₹36 crore, +33.7% on a year earlier.

For January to March 2026 (the quarter ended 31 March 2026), Foce India reported revenue of ₹35.9 crore, up 33.7% from ₹26.9 crore a year earlier, and a profit of ₹0.48 crore, down 26.2% from ₹0.65 crore.

Foce India results: January to March 2026 against a year earlier

The next results, for April to June 2026, were due by 14 August 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). This page shows them once our weekly data update has read them.

From the company's reported quarterly results (quarter ended 31 March 2026). Revenue and profit in ₹ crore.

Foce India closed at ₹575.00 on 28 October 2026, down 28.1% from ₹800.00 a year earlier (7 November 2025) and up 77.4% over three years. Its highest weekly close since December 2021 was ₹825.42 on 20 November 2025.

Foce India share price: then and now

Weekly closing prices. Each change is the move from that price to the 28 Oct 2026 close. A day's intraday high or low can go beyond these weekly closes.

234 weekly closes from 31 December 2021 to 28 October 2026.

28 Oct 2026: Foce India closed at ₹575.00, up 0.0% on the month. Results for January to March 2026: Revenue up 33.7% and profit down 26.2% on a year earlier.

Foce India has paid no dividend on the NSE since its first NSE close in our records (31 December 2021), the start of the period we checked.

No. Foce India Ltd paid out 0% of its profit as dividends in each of its last 10 reported years, so there is no payout history to show. That comes from the filed annual statements, not an estimate.

From the NSE corporate-actions record, read 5 November 2026.

Foce India is not on any of our India lists this week.

Foce India Ltd earned ₹0.5 Cr of net profit in the Mar 2026 quarter, −26.2% on the same quarter a year earlier. Full-year FY26 profit was ₹1.3 Cr. Over 10 years profit has grown 17.7% a year on average. That is 1.3% of the quarter's revenue. The same quarter a year earlier earned ₹0.5 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

2 of the last 11 reported quarters were loss-making.

For the full year, FY26 profit was ₹1.3 Cr (+30.6% on the year before).

Why profit moved: revenue changed +33.7% on a year earlier and the margin moved −0.8 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed +46.3% and revenue +93.4%. Profit is growing slower than sales: rising costs are taking part of the growth.

Foce India Ltd reported ₹35.9 Cr of revenue in the Mar 2026 quarter, +33.7% on the same quarter a year earlier. That is the 5th quarter in a row with growth on the year before. Over 10 years it has grown 7.2% a year on average. The last full year, FY26, came in at ₹56.1 Cr.

Revenue is everything the company billed its customers in the period.

FY26 revenue was ₹56.1 Cr, +56.7% on the year before.

Recent pace: the last four quarters grew +93.4% on average, against 7.2% a year over the longer run, so this year is growing faster than its own long-run rate.

Foce India Ltd's operating margin was 2.8% in the Mar 2026 quarter, 0.8 percentage points lower than the same quarter a year ago. Over the last four quarters it has moved −8.5 percentage points. Across 11 years it has been between 1.2% and 7.7%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −8.5 percentage points on the year while gross margin changed −3.3 points. So the drop came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

Over the last 3 years, 9% of Foce India Ltd's reported profit came in as cash from its operations, a gap worth watching. In FY26 its operations used ₹0.0 Cr of cash, against ₹1.3 Cr of profit. After ₹0.0 Cr of spending on assets, ₹0.0 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 9% of profit came in as cash: the cash cycle got 149 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. When less than 70% of profit comes in as cash, it is the thing to watch on this page.

What to look at next: less of the profit turns into cash than it should, and the cash cycle is 149 days longer. The next section looks at where the cash is stuck.

Foce India Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 180 days in FY26, up from 31 days in FY21. It spent ₹0.0 Cr on assets over the last 3 years. Customers take 174 days to pay, and stock sits for 52 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹56.1 Cr, each day of that cycle ties up about ₹0.2 Cr, so roughly ₹28.0 Cr is tied up in the business at any time.

FY26: customers took 174 days to pay and stock sat for 52 days, about 1.7 months of sales sitting as stock, for a full cycle of 180 days, longer than FY21's 31.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 52 days. Customers pay about 174 days after that. Suppliers are paid at 46 days. Together that makes the 180-day cycle.

Spending on assets: ₹0.0 Cr over the last 3 years. Work still in progress is ₹0.0 Cr (FY26): assets paid for that are not earning yet.

In short: cash is getting stuck in the daily cycle, so watch the cycle more than the profit.

Foce India Ltd's P/E is 528.0×, in the middle of its own history: higher than 48% of past readings. Its usual P/E (the middle reading) is 551.9×, over 4.8 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

Why the multiple is where it is: over the past year earnings per share moved +29.8% while the price moved −28.1%. Earnings did better than the price, which pulled the multiple down within its own range.

Where the price move came from: over 3 years the price moved +21.1% a year; about +103.2% a year came from earnings growth and about −82.1 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple.

In short: the multiple is about average against its own past, so the earnings trend underneath matters more than the multiple.

Foce India Ltd's business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 9 quarters of 2 measures, with some gaps.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: with too little history, we say so rather than guess a direction.

One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result.

There are fewer than eight usable quarters, so this page does not guess a direction from so little history.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Foce India Ltd earned a ROCE of 3% in FY26. That is up from a low of 0% in FY17. Its return on capital used (ROIC) is 0.7 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses.

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

It comes from a 2.3% net margin and 0.52× asset turnover (sales divided by assets).

Why the return is what it is (FY26): a 2.3% net margin × 0.52× asset turnover × 2.85× leverage (assets divided by equity) ≈ 3.4% on equity. The margin does its share; borrowing is a big part of it.

The key test, return on capital used minus the cost of capital: 11.3% − 12.0% = −0.7 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve.

The 11.3% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 12.8%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method.

Foce India Ltd has total debt of ₹48.0 Cr against shareholder equity of ₹94.0 Cr as of Mar 2026, so its debt is 0.51× its equity. Year by year, that ratio went from 0.05 in FY22 to 0.51 in FY26. Keep that borrowing in mind when reading the returns on this page.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

No group of Foce India Ltd's owners changed its stake by a full percentage point over the last two years. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Over the last two years: Promoters: +0.0 points over 8 quarters, to 73.6%.

For Foce India Ltd, the Z-score is 6.17. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is well clear of danger. It estimates how far the balance sheet is from trouble; it is not a forecast of failure.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

Why it matters: a Z-score of 6.17 is well clear of the danger zone, so the balance sheet is not the risk here.

41.2 out of 100, rank 4 of 4 in Watches, with 48% of the evidence available. It is provisional, so it is ranked below companies with full evidence.

Foce India Ltd scores 41.2 out of 100 against the 4 companies it is compared with in Watches, ranking 4. Some evidence is missing, so the score is pulled toward the middle on purpose.

The four parts add up to the total exactly: 18.5 + 4.4 + 10 + 8.3 = 41.2. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

Foce India ranks 4 of 4 Watches companies on the 4-Factor Sector Score, with 41.2 out of 100.

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

The figures in this ranking come from the industry comparison: results through the Jun 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.

Related companies: Watches, all 4 compared on one page.

Foce India is the 4th largest of 4 Watches companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Ethos, Timex Group India and KDDL. It is the smallest.

Watches companies close in size

1. Ethos Ltd ₹6,694 crore
2. Timex Group India Ltd ₹6,115 crore
3. KDDL Ltd ₹4,605 crore
4. Foce India Ltd ₹675 crore

All 4 Watches companies, largest first

Companies close in size in other industries

1841. ABS Marine Services Ltd ₹676 crore · Shipping/Dredging
1842. Pajson Agro India Ltd ₹676 crore · Food - Processing - Others
1843. Foce India Ltd ₹675 crore
1844. Swastika Infra Ltd ₹675 crore
1845. Ganesh Consumer Products Ltd ₹674 crore · Food - Processing - Atta/Rava/Sooji

Sector Alpha, written by code from the published numbers. Data as of 28 October 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

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