Founded in 2001, Foce India Ltd is a notable player in the wristwatch and men’s accessories trading industry. With a face value of ₹10.0, the company offers its clientele a range of quality products. Foce India boasts a Return on Capital Employed (ROCE) of 20.1% and a Return on Equity (ROE) of 19.1%, showcasing efficient utilization of resources and profitability. Despite a current dividend yield of 0.00%, the company’s financial metrics indicate robust operational performance.
In this article, we delve into an extensive discussion covering all facets of Foce India Ltd, examining its market presence, financial health, product offerings, and strategic outlook.
About Foce India
Foce India Ltd (FIL) operates within the Indian Horology Industry, focusing on the mid-range segment as an Authorized Distributor of Foce Watches in India. The company’s core business involves manufacturing and importing a diverse range of wristwatches and men’s accessories, distributed through a network spanning 1700 retail stores nationwide and catering to corporate clientele. FIL’s product portfolio encompasses watches, wallets, belts, perfumes, and jewelry, providing comprehensive lifestyle offerings.
In the watch category, FIL specializes in various materials including leather, metal, and ceramic, offering an extensive range of designs and functionalities. Their watch collections feature analog timepieces, automatic watches, chronographs, multifunction watches, and specialty editions like the Picketball Edition. This diverse product lineup enables Foce India Ltd to cater to different consumer preferences, from classic and elegant designs to more contemporary and sporty styles. Through strategic distribution and product innovation, FIL has established itself as a prominent player in India’s horology and men’s accessories market.
Below are the trading platforms that you can use to purchase Foce India shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| July 2024 | 1,011.60 | 879.66 |
| August 2024 | 1,052.07 | 914.84 |
| September 2024 | 1,094.15 | 951.44 |
| October 2024 | 1,072.70 | 932.78 |
| November 2024 | 1,115.60 | 970.09 |
| December 2024 | 1,126.76 | 979.79 |
In 2024, Foce India is expected to see its stock prices steadily rise. In July, the maximum price is projected to reach ₹1,011.60, with a minimum of ₹879.66. As we step through the year, prices are anticipated to continue their upward trajectory. By December, the maximum price is expected to be ₹1,126.76, while the minimum price should be around ₹979.79.
| When | Maximum Price | Minimum Price |
| January 2025 | 1,138.03 | 875.41 |
| February 2025 | 1,149.52 | 884.25 |
| March 2025 | 1,173.66 | 902.82 |
| April 2025 | 1,162.04 | 893.88 |
| May 2025 | 1,128.20 | 867.84 |
| June 2025 | 1,178.97 | 906.90 |
| July 2025 | 1,155.85 | 889.11 |
| August 2025 | 1,191.60 | 916.61 |
| September 2025 | 1,205.90 | 927.61 |
| October 2025 | 1,237.25 | 951.73 |
| November 2025 | 1,268.18 | 975.52 |
| December 2025 | 1,325.25 | 1,019.42 |
In 2025, Foce India is projected to see a steady increase in its stock prices throughout the year. Starting in January, the maximum price is expected to be ₹1,138.03 with a minimum of ₹875.41. As we step through the months, the prices are anticipated to rise, with February seeing a maximum of ₹1,149.52 and a minimum of ₹884.25. By June, the prices are projected to reach a maximum of ₹1,178.97 and a minimum of ₹906.90. The upward trend continues into the latter part of the year, with October seeing a maximum price of ₹1,237.25 and a minimum of ₹951.73. Finally, in December, Foce India’s stock prices are expected to peak at a maximum of ₹1,325.25 and a minimum of ₹1,019.42. This forecast indicates a positive and robust growth trajectory for Foce India throughout 2025.
| When | Maximum Price | Minimum Price |
| January 2026 | 1,393.67 | 1,072.05 |
| February 2026 | 1,429.41 | 1,099.54 |
| March 2026 | 1,485.15 | 1,142.42 |
| April 2026 | 1,456.03 | 1,120.02 |
| May 2026 | 1,413.62 | 1,087.40 |
| June 2026 | 1,477.24 | 1,136.34 |
| July 2026 | 1,448.27 | 1,114.05 |
| August 2026 | 1,493.06 | 1,148.51 |
| September 2026 | 1,545.32 | 1,188.71 |
| October 2026 | 1,585.50 | 1,219.61 |
| November 2026 | 1,625.14 | 1,250.10 |
| December 2026 | 1,665.76 | 1,281.36 |
Foce India Ltd’s projected share price targets for 2026 indicate a continued upward trajectory, with maximum prices expected to reach as high as 1,665.76 by December and minimum prices also reflecting strong gains throughout the year. This forecast suggests ongoing investor confidence and positive market sentiment towards the company’s performance and growth prospects.
However, it’s worth noting that the company faced a regulatory challenge in January 2023 when its premises and directors’ residences were searched under the Prevention of Money Laundering Act, 2002 (PMLA). Although no demands or show-cause notices were issued, the investigation led to the freezing of four of the company’s bank accounts. The matter remains under investigation by authorities, potentially impacting investor perception and market dynamics.
| When | Maximum Price | Minimum Price |
| January 2027 | 1,699.08 | 1,306.98 |
| February 2027 | 1,742.65 | 1,340.50 |
| March 2027 | 1,810.61 | 1,392.78 |
| April 2027 | 1,775.11 | 1,365.47 |
| May 2027 | 1,723.40 | 1,325.70 |
| June 2027 | 1,800.96 | 1,385.35 |
| July 2027 | 1,765.64 | 1,358.19 |
| August 2027 | 1,820.25 | 1,400.19 |
| September 2027 | 1,883.96 | 1,449.20 |
| October 2027 | 1,932.94 | 1,486.88 |
| November 2027 | 1,981.27 | 1,524.05 |
| December 2027 | 2,030.80 | 1,562.15 |
Foce India Ltd’s projected share price targets for 2027 indicate a robust growth trajectory, with maximum prices forecasted to climb steadily throughout the year, potentially reaching as high as 2,030.80 by December. The minimum price targets also demonstrate consistent upward trends, reflecting positive market sentiment and anticipation of continued performance from the company.
It’s noteworthy that Foce India experienced a change in key management personnel in December 2023, with Mr. Umar Abdul Aziz Seliya resigning as Chief Financial Officer and being succeeded by Mr. Utkarsh Agarwal the following day. This change in leadership could signify strategic shifts or stability measures within the organization, impacting investor perception alongside the projected share price movements.
| When | Maximum Price | Minimum Price |
| January 2028 | 2,071.42 | 1,593.40 |
| February 2028 | 2,124.53 | 1,634.25 |
| March 2028 | 2,207.39 | 1,697.99 |
| April 2028 | 2,164.10 | 1,664.69 |
| May 2028 | 2,101.07 | 1,616.21 |
| June 2028 | 2,195.62 | 1,688.94 |
| July 2028 | 2,152.57 | 1,655.82 |
| August 2028 | 2,219.14 | 1,707.03 |
| September 2028 | 2,296.81 | 1,766.78 |
| October 2028 | 2,356.53 | 1,812.71 |
| November 2028 | 2,415.44 | 1,858.03 |
| December 2028 | 2,475.83 | 1,904.48 |
- January 2028: ₹1,593.40 (Minimum)
- December 2028: ₹2,475.83 (Maximum)
| When | Maximum Price | Minimum Price |
| January 2029 | 2,525.34 | 1,942.57 |
| February 2029 | 2,590.10 | 1,992.38 |
| March 2029 | 2,691.11 | 2,070.09 |
| April 2029 | 2,638.34 | 2,029.50 |
| May 2029 | 2,561.50 | 1,970.38 |
| June 2029 | 2,676.77 | 2,059.05 |
| July 2029 | 2,624.28 | 2,018.68 |
| August 2029 | 2,705.44 | 2,081.11 |
| September 2029 | 2,800.13 | 2,153.95 |
| October 2029 | 2,872.94 | 2,209.95 |
| November 2029 | 2,944.76 | 2,265.20 |
| December 2029 | 3,018.38 | 2,321.83 |
- January 2029: ₹1,942.57(Minimum)
- December 2029: ₹3,018.38 (Maximum)
| When | Maximum Price | Minimum Price |
| January 2030 | 3,078.75 | 2,368.27 |
| February 2030 | 3,157.69 | 2,428.99 |
| March 2030 | 3,280.84 | 2,523.72 |
| April 2030 | 3,216.51 | 2,474.24 |
| May 2030 | 3,122.83 | 2,402.17 |
| June 2030 | 3,263.35 | 2,510.27 |
| July 2030 | 3,199.37 | 2,461.05 |
| August 2030 | 3,298.32 | 2,537.17 |
| September 2030 | 3,413.76 | 2,625.97 |
| October 2030 | 3,502.51 | 2,694.24 |
| November 2030 | 3,590.08 | 2,761.60 |
| December 2030 | 3,679.83 | 2,830.64 |
- January 2030: ₹2,368.27 (Minimum)
- December 2030: ₹3,679.83 (Maximum)
Financial Condition of Foce India: Last 4 Years
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
| Sales + | 77 | 187 | 58 | 80 |
| Expenses + | 74 | 176 | 47 | 60 |
| Operating Profit | 3 | 11 | 11 | 20 |
| OPM % | 4% | 6% | 19% | 25% |
| Other Income + | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 1 |
| Depreciation | 0 | 0 | 0 | 0 |
| Profit before tax | 3 | 11 | 10 | 19 |
| Tax % | 25% | 21% | 19% | 18% |
| Net Profit + | 2 | 9 | 8 | 16 |
| EPS in Rs | 4.98 | 18.95 | 17.37 | 32.48 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
From March 2021 to March 2024, the company demonstrated substantial financial improvement. Sales increased from ₹77 crore in March 2021 to ₹80 crore in March 2024, peaking at ₹187 crore in March 2022. Expenses also rose, but the company effectively managed costs, resulting in operating profit growth from ₹3 crore to ₹20 crore during the same period. Operating profit margins improved significantly, from 4% to 25%. Despite negligible interest expenses and consistent zero depreciation, profit before tax rose from ₹3 crore to ₹19 crore. The effective tax rate decreased from 25% to 18%, boosting net profit from ₹2 crore to ₹16 crore. Earnings per share (EPS) surged from ₹4.98 to ₹32.48, with the dividend payout ratio remaining at 0%, reflecting a reinvestment strategy.
FAQs
What is the current market capitalization of Foce India Ltd?
Foce India Ltd’s current market capitalization stands at a Strong ₹487 crore.
The latest share price of Foce India Ltd is priced at ₹995, reflecting market confidence and potential.
Foce India’s share price targets for 2024 range from a promising ₹879.66 to an optimistic ₹1,126.76, indicating strong potential for growth and investor interest throughout the year.
Foce India’s share price is projected to soar from ₹867.84 to ₹1,325.25 in 2025, suggesting substantial growth opportunities and market optimism.
Foce India’s share price targets for 2030 are expected to reach impressive heights, ranging from ₹2,368.27 to an ambitious ₹3,679.83, reflecting long-term growth prospects and investor confidence.
What is the current price-to-earnings (P/E) ratio of Foce India Ltd?
Foce India Ltd’s current P/E ratio stands at a notable 30.6, indicating investor expectations for future earnings growth and market performance.
What is the dividend payout percentage of Foce India Ltd?
Foce India Ltd currently maintains a dividend payout percentage of 0.00%, reflecting a focus on reinvesting profits for future expansion and value creation.
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Strategic Insights and Future Outlook: A Conclusion on Foce India Ltd
In conclusion, Foce India Ltd is a notable player in India’s horology and men’s accessories market, focusing on the mid-range segment. Founded in 2001, the company has showcased strong operational metrics, including a Return on Capital Employed (ROCE) of 20.1% and a Return on Equity (ROE) of 19.1%, indicating efficient resource utilization and profitability. Despite reporting consistent profits, Foce India has opted not to pay dividends, reflecting a strategic emphasis on reinvesting profits for future expansion.
Foce India’s financial health exhibits resilience amidst challenges, with improved debtor days from 84.5 to 59.2 days, demonstrating enhanced efficiency in collections. However, the stock is trading at 7.87 times its book value, indicating a premium valuation relative to its asset base.
The company’s stock performance has been robust, with significant growth projections through 2030, supported by a positive market sentiment and strong earnings potential. Foce India’s strategic expansion into subsidiaries and its extensive product portfolio contribute to its market presence and growth prospects.
Moving forward, Foce India’s ability to sustain operational margins, capitalize on market opportunities, and navigate regulatory challenges will be critical for maintaining investor confidence and unlocking further value in the years ahead.
What did we learn?
- 1 About Foce India
- 2 How to Purchase Foce India Shares in India?
- 3 Foce India Share Price Target 2024 – 2030
- 4 Financial Condition of Foce India: Last 4 Years
- 5 FAQs
- 5.1 What is the current market capitalization of Foce India Ltd?
- 5.2 What is the latest share price of Foce India Ltd?
- 5.3 What are the projected share price targets for Foce India in 2024?
- 5.4 What is the forecasted share price range for Foce India in 2025?
- 5.5 What are the anticipated share price targets for Foce India in 2030?
- 5.6 What is the current price-to-earnings (P/E) ratio of Foce India Ltd?
- 5.7 What is the dividend payout percentage of Foce India Ltd?
- 6 Strategic Insights and Future Outlook: A Conclusion on Foce India Ltd
