# Foce India share price (Foce India Ltd, NSE: FOCE)

> Foce India share price: ₹575.00 at the NSE close on 28 October 2026, the latest close in our records; down 28.1% in the year to that date. Foce India (NSE: FOCE) is worth ₹675 crore, trades at a P/E of 528.0 and has closed between ₹487.00 and ₹825.42 over the past 52 weeks. > Foce India Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. FOCE · Watches · data as of 28 October 2026. Page: https://www.sectoralpha.in/stocks/foce-india-ltd

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## Key numbers

- Price: ₹575.00 (−28.1% in a year)
- P/E: 528.0× (lower than 52% of the last 4.8 years)
- Revenue (Mar 2026): ₹35.9 Cr (+33.7% on a year ago)
- Profit (Mar 2026): ₹0.5 Cr (−26.2% on a year ago)
- Operating margin: 2.8% (−0.8 points on a year ago)
- ROCE: 3%, FY26
- ROIC: 11.3%, against a 12.0% cost of capital: −0.7 points
- Profit that came in as cash: 9%, last 3 years

The main question: yearly earnings per share moved +29.8% while the share price moved −28.1%. ## What is the 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. 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. ## What changed at Foce India this quarter? 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. ## What are Foce India's latest quarterly results? 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

| Measure | January to March 2026 | January to March 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹35.9 crore | ₹26.9 crore | +33.7% |
| Profit | ₹0.48 crore | ₹0.65 crore | −26.2% |
| Earnings per share | ₹0.41 | ₹0.56 | −26.8% |
| Operating margin | 2.8% | 3.6% | −0.8 points |

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.)

## What is the Foce India share price history? 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

| When | Close | Change to 28 Oct 2026 |
| --- | --- | --- |
| 1 month ago · 30 Sep 2026 | ₹575.00 | 0.0% |
| 6 months ago · 30 Apr 2026 | ₹561.00 | +2.5% |
| 1 year ago · 7 Nov 2025 | ₹800.00 | −28.1% |
| 3 years ago · 27 Oct 2023 | ₹324.17 | +77.4% |
| Earliest weekly close in our records · 31 Dec 2021 | ₹92.54 | +521.4% |
| Highest weekly close since December 2021, also the 52-week high · 20 Nov 2025 | ₹825.42 | −30.3% |
| Lowest weekly close since December 2021 · 25 Mar 2022 | ₹85.83 | +569.9% |
| 52-week low (weekly close) · 4 Sep 2026 | ₹487.00 | +18.1% |

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.)

## What is the latest news on Foce India? 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. ## What dividend does Foce India pay? 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.)

## Which stock lists is Foce India on? Foce India is not on any of our India lists this week. ## Is Foce India profitable? 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. 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. ## How much revenue does Foce India make, and is it growing? 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. 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. ## How much of every ₹100 of sales does Foce India keep? 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. 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. ## Is Foce India's profit turning into cash? 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. 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. ## Where does Foce India's cash go? 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. 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. ## What is Foce India's P/E ratio, and how does it compare with its own history? 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. 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. ## Is the Foce India business getting better or worse? 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. 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. ## How much does Foce India earn on its capital? 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. 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. ## Does Foce India have too much debt? 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. ## What is the Foce India shareholding pattern? 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. Over the last two years: Promoters: +0.0 points over 8 quarters, to 73.6%. ## How far is Foce India from balance-sheet trouble? 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. 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. ## How does Foce India rank in its industry? 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. ## Which companies is Foce India compared with? Foce India ranks 4 of 4 Watches companies on the 4-Factor Sector Score, with 41.2 out of 100. 1. [Timex Group India Ltd](https://www.sectoralpha.in/stocks/timex-group-india-ltd) TIMEX · leader · Most evidence points up · 97% evidence 74.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 33.8/35 · Revenue 42% · Profit 93.2% · Operating margin change 3 points · 100% evidence Capital efficiency 17.3/25 · ROCE 82.8% · Operating margin 16% · 100% evidence Valuation 9.4/20 · P/E 68.5× · PEG 1.43 · 85% evidence Relative strength 14.0/20 · Lead over its industry 22.1% · Lead over NIFTY 500 44.1% · 1 year 58.9% · 100% evidence · 12 of 12 weeks ahead Exact sum: 33.8 + 17.3 + 9.4 + 14 = 74.5 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [KDDL Ltd](https://www.sectoralpha.in/stocks/kddl-ltd) KDDL · leader · Evidence leans up · 79% evidence 53.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.4/35 · Revenue 32.5% · Profit 4.1% · Operating margin change 0 points · 95% evidence Capital efficiency 12.3/25 · ROCE 11.7% · Operating margin 15% · 76% evidence Valuation 7.6/20 · P/E 47× · PEG n/a · 35% evidence Relative strength 18.2/20 · Lead over its industry 13.4% · Lead over NIFTY 500 35.9% · 1 year 50% · 100% evidence · 12 of 12 weeks ahead Exact sum: 15.4 + 12.3 + 7.6 + 18.2 = 53.5 · What this means: Relative strength against the index is 35.9%, and revenue and profit growth are weak. 3. [Ethos Ltd](https://www.sectoralpha.in/stocks/ethos-ltd) ETHOSLTD · losing its lead · Evidence leans down · 97% evidence 39.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.7/35 · Revenue 30.5% · Profit 16.3% · Operating margin change 0 points · 100% evidence Capital efficiency 9.2/25 · ROCE 10.4% · Operating margin 13% · 100% evidence Valuation 7.0/20 · P/E 63.4× · PEG 5.49 · 85% evidence Relative strength 4.4/20 · Lead over its industry -17.6% · Lead over NIFTY 500 1.7% · 1 year -13.8% · 100% evidence · 9 of 12 weeks ahead Exact sum: 18.7 + 9.2 + 7 + 4.4 = 39.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. Foce India Ltd this page FOCE · turning · Too little evidence to rank firmly · 48% evidence 41.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.5/35 · Revenue 100% · Profit 100% · Operating margin change -0.8 points · 50% evidence Capital efficiency 4.4/25 · ROCE 2.7% · Operating margin 2.8% · 100% evidence Valuation 10.0/20 · P/E 528× · PEG n/a · 0% evidence Relative strength 8.3/20 · Lead over its industry n/a · Lead over NIFTY 500 -3.5% · 1 year -28.1% · 25% evidence · 1 of 9 weeks ahead Exact sum: 18.5 + 4.4 + 10 + 8.3 = 41.2 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 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](https://www.sectoralpha.in/sectors/watches), all 4 compared on one page. ## Which companies are close to Foce India in size? 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](https://www.sectoralpha.in/stocks/ethos-ltd) ₹6,694 crore
2. [Timex Group India Ltd](https://www.sectoralpha.in/stocks/timex-group-india-ltd) ₹6,115 crore
3. [KDDL Ltd](https://www.sectoralpha.in/stocks/kddl-ltd) ₹4,605 crore
4. Foce India Ltd ₹675 crore

[All 4 Watches companies, largest first](https://www.sectoralpha.in/sectors/watches#all-companies)

### Companies close in size in other industries

1. [ABS Marine Services Ltd](https://www.sectoralpha.in/stocks/abs-marine-services-ltd) ₹676 crore · Shipping/Dredging
2. [Pajson Agro India Ltd](https://www.sectoralpha.in/stocks/pajson-agro-india-ltd) ₹676 crore · Food - Processing - Others
3. Foce India Ltd ₹675 crore
4. [Swastika Infra Ltd](https://www.sectoralpha.in/stocks/swastika-infra-ltd) ₹675 crore
5. [Ganesh Consumer Products Ltd](https://www.sectoralpha.in/stocks/ganesh-consumer-products-ltd) ₹674 crore · Food - Processing - Atta/Rava/Sooji

## What else do people ask about Foce India? ### What were Foce India's latest quarterly results? Foce India Ltd reported revenue of ₹35.9 Cr and net profit of ₹0.5 Cr for the Mar 2026 quarter. Revenue rose 33.7% and profit fell 26.2% compared with a year earlier. Earnings per share were ₹0.41. The operating margin was 2.8%, 0.8 percentage points lower than a year earlier (as of 28 October 2026). ### What is Foce India's market cap? Foce India Ltd's market capitalisation is ₹675 Cr at a share price of ₹575.00. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 28 October 2026). ### How is Foce India performing? Foce India Ltd's share price has been falling for 25 weeks. In its latest quarter, revenue rose 33.7% and profit fell 26.2% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 2 weeks running (as of 28 October 2026). ### Will Foce India's share price go up? This page does not forecast Foce India Ltd's share price. What it shows instead: the share price is ₹575.00, and it has been falling for 25 weeks. Its P/E of 528.0× is higher than 48% of its own last 5 years (as of 28 October 2026). ### Who owns Foce India? Promoters own 73.6% of Foce India Ltd, foreign institutions , domestic institutions, and the public 26.4% (latest quarter). No group of owners changed its stake by a full point over the last two years (as of 28 October 2026). ### Does Foce India have too much debt? Yes, Foce India Ltd has a lot of debt: its debt is 1.66× its equity, and its operating profit is 3 times its interest bill. FY26 borrowings were ₹62.7 Cr against equity of ₹37.7 Cr. Keep that borrowing in mind when reading the returns on this page (as of 28 October 2026). ### Where is Foce India in its business cycle? Foce India Ltd's FY26 operating margin was 4.4%, against a 11-year range of 1.2% to 7.7%: the middle of its own range, neither a peak nor a low. The latest quarter was 2.8%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 28 October 2026). ### What could break the Foce India story? The main question: yearly earnings per share moved +29.8% while the share price moved −28.1%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 28 October 2026). ### Is Foce India a stock worth studying right now? What the numbers show: Foce India Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 28 October 2026). This is research, not advice. We’re not SEBI-registered.