TipHub

₹359.35

▼ -19.19 -5.07%

As of 16 Sept 2026 · delayed

BSE Listed · Realty

ENCUMBRANCE
What does ENCUMBRANCE mean?
BSE · High Promoter / Non-promoter EncumbranceA large share of the stock is pledged as loan collateral. Practical meaning: a falling price can trigger lenders to invoke pledges and dump shares — a self-reinforcing crash risk — and promoter pledging signals owner-level balance-sheet stress beyond the company's own books.Criteria: High level of encumbered (pledged) shares held by promoter and non-promoter entities, flagged under SEBI (Substantial Acquisition of Shares & Takeovers) Regulation 28(3).Exchange notice · 2026-08-07

Forbes & Company Ltd. (502865)

Volume: 19,513Avg Vol 1W: 23,536Avg Vol 1M: 11,17052W Range:₹242.2₹462.75
BSE www.forbes.co.in AI Report
Key Ratios
Checked 4h ago
Market Cap₹464 Cr
Current Price₹359.35
Previous Close₹378.54
High / Low (52w)₹462.75 / ₹242.2
Volume19,513
Avg Vol (1W)23,536
Avg Vol (1M)11,170
Stock P/E38.15
Book Value₹154.8
Dividend Yield0%
ROE6.73%
ROA477.26%
Revenue (TTM)—
Revenue Growth—
Profit Margin18.15%
Total Debt—
Shares Outstanding1 Cr
Face Value₹10
EPS (TTM)₹9.42
P/B2.32
Debt / Equity0.03
50 DMA₹283.59
200 DMA₹322.58
Day change-5.07%
SurveillanceENCUMBRANCE
Price Chart
₹359.35▼ 12.79% · 1Y
₹449₹24573K
2025-09-16
2026-09-16

20-day avg volume: 11K shares

Pros
  • Company is almost debt-free.
Cons
  • Revenue fell 86% YoY.
Quarterly Results
MetricSept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Revenue₹35 Cr₹40 Cr₹89 Cr₹22 Cr₹19 Cr₹18 Cr₹17 Cr₹13 Cr
EBITDA₹6 Cr₹13 Cr₹16 Cr₹6 Cr₹8 Cr₹5 Cr₹3 Cr₹4 Cr
Net Profit₹5 Cr₹10 Cr₹103 Cr₹5 Cr₹6 Cr₹4 Cr₹-2 Cr₹4 Cr
EPS————————
Profit & Loss (Annual)
MetricMar 2025Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Mar 2026Jun 2026
Revenue₹88 Cr₹216 Cr₹22 Cr₹18 Cr₹17 Cr₹90 Cr₹16 Cr₹13 Cr
EBITDA₹15 Cr₹42 Cr₹5 Cr₹8 Cr₹3 Cr₹21 Cr₹3 Cr₹4 Cr
Net Profit₹7 Cr₹123 Cr₹4 Cr₹6 Cr₹3 Cr₹13 Cr₹2 Cr₹3 Cr
EPS—96.42———10.53——
Balance Sheet
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets₹2,879 Cr₹2,748 Cr₹2,043 Cr₹797 Cr₹701 Cr₹421 Cr₹305 Cr₹255 Cr
Total Liabilities₹2,506 Cr₹2,737 Cr₹2,119 Cr₹711 Cr₹476 Cr₹280 Cr₹85 Cr₹55 Cr
Equity₹373 Cr₹10 Cr₹-77 Cr₹86 Cr₹225 Cr₹140 Cr₹219 Cr₹199 Cr
Total Debt————————
Cash Flow
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating₹223 Cr₹248 Cr₹365 Cr₹226 Cr₹56 Cr₹-21 Cr₹-13 Cr₹-2 Cr
Investing₹-45 Cr₹-143 Cr₹77 Cr₹32 Cr₹216 Cr₹8 Cr₹7 Cr₹0 Cr
Financing₹-230 Cr₹-122 Cr₹-382 Cr₹-275 Cr₹-243 Cr₹-6 Cr₹-1 Cr₹-1 Cr
Free Cash Flow₹223 Cr₹248 Cr₹365 Cr₹226 Cr₹56 Cr₹-21 Cr₹-13 Cr₹-2 Cr
Shareholding
Promoter 73.85% Institutions 8.59% Public 17.56%
Efficiency & Working Capital
ROCE9%
Interest Coverage16.9
Dividend Payout—
Debtor Days37 d
Inventory Days47 d
Payable Days70 d
Cash Conversion Cycle14 d
Working Capital Days85 d
Shareholding Details

As of 2026-06-30

Promoter73.9%
FII8.2%
DII0.4%
Institutions8.6%
Public17.6%
Promoter Pledge98.3%
No. of Shareholders12,090
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Promoters73.9%73.9%73.9%73.9%73.9%73.9%73.9%73.9%73.9%73.9%73.9%73.9%
FIIs11.5%11.6%11.6%11.5%11.3%10.2%8.2%8.2%8.2%8.2%8.2%8.2%
DIIs0.1%0.1%0.1%0.1%0.1%0.1%0.2%0.2%0.2%0.2%0.1%0.4%
Public14.5%14.5%14.5%14.5%14.7%15.9%17.7%17.7%17.7%17.7%17.8%17.6%
Promoter Pledge98.3%98.3%98.3%98.3%98.3%98.3%98.3%98.3%98.3%98.3%98.3%98.3%
No. of Shareholders13,06712,61913,30213,12812,85212,83613,06112,94612,74312,39112,18412,090
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202603————
Major Shareholders (>1%)
NameCategoryStakeShares
Shapoorji Pallonji And Company Private LimitedShareholding of Promoter and Promoter Group72.6%93,59,293
Elysian Wealth FundPublic Shareholding5%6,39,000
Antara India Evergreen Fund LtdPublic Shareholding3.3%4,21,000
Forbes Campbell Finance LimitedShareholding of Promoter and Promoter Group1.3%1,66,398
Campbell Properties And Hospitality Services LimitedShareholding of Promoter and Promoter Group0%0
Volkart Fleming Shipping And Services LimitedShareholding of Promoter and Promoter Group0%0
Arina Solar Private LimitedShareholding of Promoter and Promoter Group0%0
Atnu Solar Private LimitedShareholding of Promoter and Promoter Group0%0
Aurinko Energy Private LimitedShareholding of Promoter and Promoter Group0%0
Balgad Power Company Private LimitedShareholding of Promoter and Promoter Group0%0
Egni Generation Private LimitedShareholding of Promoter and Promoter Group0%0
Elaine Renewable Energy Private LimitedShareholding of Promoter and Promoter Group0%0
Rihand Floating Solar Private LimitedShareholding of Promoter and Promoter Group0%0
Samalpatti Power Company Private LimitedShareholding of Promoter and Promoter Group0%0
Shapoorji Pallonji Cement (gujarat) Private LimitedShareholding of Promoter and Promoter Group0%0
Shapoorji Pallonji Energy (gujarat) Private LimitedShareholding of Promoter and Promoter Group0%0
Shapoorji Pallonji Infrastructure Capital Company Private LimitedShareholding of Promoter and Promoter Group0%0
Shapoorji Pallonjii Pandoh Takoli Highways Private LimitedShareholding of Promoter and Promoter Group0%0
Simar Port Private LimitedShareholding of Promoter and Promoter Group0%0
West Coast Liquid Terminal Private LimitedShareholding of Promoter and Promoter Group0%0
Vaitarana Solar Hydro Powergenco Private LimitedShareholding of Promoter and Promoter Group0%0
Range Consultants Private LimitedShareholding of Promoter and Promoter Group0%0
Sterling And Wilson Private LimitedShareholding of Promoter and Promoter Group0%0
Sterling And Wilson Security Systems Private LimitedShareholding of Promoter and Promoter Group0%0
Sterling And Wilson Co-gen Solutions Private LimitedShareholding of Promoter and Promoter Group0%0
Promoter Pledges
HolderPledged Shares% of HoldingAs of
Shapoorji Pallonji And Company Private Limited93,59,293100%2026-06-30
Board of Directors
NameDesignationYear
Mahesh C TahilyaniChairman & Non Executive Dir.2026
NIRMAL CHANDMAL JAGAWATE D & Wholetime Director2026
JAI LAXMIKANT MAVANINon Executive Director2026
Nikhil BhatiaIndependent Non Exe. Director2026
PARAS KHIMJI SAVLAIndependent Non Exe. Director2026
Bapsy DasturIndependent Non Exe. Director2026
Mehul RavalCompany Sec. & Compli. Officer2026
Segments — Product
SegmentRevenueShare
Coding and Industrial Automation₹36 Cr48.9%
Real Estate₹37 Cr51.1%
Segments — Geography
RegionRevenueShare
Within india₹72 Cr99.1%
Outside india₹1 Cr0.9%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2026₹10431313
Corporate Actions
TypeDateValueRemark
forthcoming2026-08-14Board Meetings—
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
202623302137
202614100018
20261201011
Insider / Designated-Person Trades

5 recent disclosure(s)

Shapoorji Pallonji and Company Private LimitedPledge · 93,59,293
Shapoorji Pallonji and Company Private Limited RevisedRevoke · 93,59,293
Shapoorji Pallonji and Company Private LimitedRevoke · 93,59,293
Shapoorji Pallonji and Company Private LimitedPledge · 93,59,293
Shapoorji Pallonji and Company Private LimitedRevoke · 93,59,293
Company Information
Incorporated1919
ChairmanMahesh C Tahilyani
AuditorSharp & Tannan Associates
Investor Email[email protected]
🌐 www.forbes.co.in ↗

📍 Forbes Building, Charanjit Rai Marg Fort, Mumbai, Maharashtra, 400001

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