Foce India Limited, initially incorporated as Heighten Trading Company Private Limited on January 10, 2001, underwent a name change to Foce India Private Limited on April 20, 2021, and subsequently became a Public Limited company as Foce India Limited on June 15, 2021.
The company's primary business involves the marketing, supply, distribution, and retailing of various types of wrist watches, including Analog, Digital, Chronograph, and Designer models, catering to both custom-built and general market needs under the brand name "FOCE".
Foce India procures its entire range of watches and related products from its group concern, M/s Foce Industries, a partnership firm based in Guwahati, Assam, which is engaged in the assembly of watches.
To diversify its supply chain and reduce dependency on the group concern, the company established a wholly-owned subsidiary, FO Industries, in Mumbai on April 06, 2021. This subsidiary is being developed with manufacturing and assembly facilities at Bhiwandi, near Mumbai, to increase the supply of finished products.
The company is developing a digital platform to enhance customer reach beyond physical store locations and generate sales leads. This online initiative aims to provide customers with a comprehensive e-commerce and online retail business experience.
As of June 13, 2025, Foce India Ltd holds a market capitalization of ₹868 Cr, classifying it as a Small Cap company according to Value Research. The company's stock has shown positive performance, with a 7.97% increase over the past six months and a 65.82% rise in the last year. Over a three-year period, Foce India has delivered a return of 72.3%. The 52-week trading range for the stock has been between ₹830 (low) and ₹1800 (high).
- Market Cap: ₹868 Cr (as of Jun 13, 2025)
- P/E Ratio: 55.22 (as of Jun 03, 2025)
- P/B Ratio: 0.10 (as of Jun 03, 2025)
- TTM Profit After Tax: ₹16 Cr
- 52-week High: Rs. 1800
- 52-week Low: Rs. 830
The company is guided by Promoter Mr. Manoj Sitaram Agarwal. The promoters, Mr. Manoj Sitaram Agarwal and Ms. Anita Manoj Agarwal, collectively own 71.38% of the total equity. This promoter holding increased to 73.63% as of March 2025 from 73.63% in June 2024. There is no promoter pledging reported for Foce India Ltd. Mr. Ankit Devandra Pandit serves as the Company Secretary.
Foce India Ltd launched its Initial Public Offering (IPO) in December 2021, comprising 12,90,000 Equity Shares. The IPO raised an aggregate of ₹29.03 Crore, consisting of a fresh issue of 9,00,000 equity shares worth ₹20.25 Crore and an Offer for Sale of 3,90,000 equity shares amounting to ₹8.78 Crore.
The registered office of Foce India Ltd is located at 4 Kingston Shastri Nagar, Lokhandwala Complex Andheri (W), Mumbai, Maharashtra, 400053. The company can be contacted at 91-022-26349544.
Foce India Ltd operates under the stock symbol FOCE on the National Stock Exchange and is positioned as a developing entity in the Indian watch retail segment, known for its brand recognition and expanding digital presence.
