Forbes & Company Limited operates in the Bolts, nuts, rivets, and washers sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Forbes & Company Limited with three other
cutlery, handtool and hardware manufacturers in Asia:
Chin Well Holdings Bhd
of Malaysia
(2019
sales of 680.73 million Malaysian Ringgits [US$164.43 million]
of which 76%
was Fastener Products),
Nitto Seiko Co., Ltd.
of Japan
(34.86 billion Japanese Yen [US$317.55 million]
), and
Yashima & Co Ltd
which is
also
based in Japan
(37.01 billion Japanese Yen [US$337.20 million]
of which 90%
was Railway business).
Sales Analysis.
Forbes & Company Limited reported sales of 28.53 billion Indian Rupees (US$399.19 million)
for the
fiscal
year ending
March of 2019.
This
represents
a very small
increase of 1.1%
versus 2018, when the company's sales were 28.23 billion Indian Rupees.
Despite this increase, sales are still
below the level achieved in 2017, when Forbes & Company Limited
reported sales of 29.99 billion Indian Rupees.
The sales level in 2019 was fairly close to the level five years ago: in 2014, Forbes & Company Limited had sales
of 30.68 billion Indian Rupees.
Sales of Shipping and Logistics Services saw an increase
that was more than double the company's growth rate: sales were up
40.9% in 2019, from
810.25 million Indian Rupees to 1.14 billion Indian Rupees.
Forbes & Company Limited also saw significant increases in sales in
Health. Hygiene, Safety Products and Its (up 3.1% to 23.88 billion Indian Rupees)
and
Engineering (up 12.5% to 2.09 billion Indian Rupees)
.
Not all segments of Forbes & Company Limited experienced an increase in sales in 2019:
sales of Real Estate fell 83.0% to 191.93 million Indian Rupees.
(However, this segment's sales were only a very small portion of the company's overall sales).
Forbes & Company Limited also experienced decreases in sales in
It Enabled Services and Products (down 5.9% to 1.24 billion Indian Rupees)
and
Other (down 67.6% to 3.32 million Indian Rupees)
.