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Forbes Precision Tools and Machine Parts Ltd (544186)

📊 BSE: 544186 🏢 Industrial Products 📢 Latest filing: 12 Aug 2026 📝 Analysis written: 13 Nov 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Forbes Precision's revenue was ₹67.5 Cr (+29.9% year on year, -4.9% on the previous quarter), and net profit ₹9.0 Cr (+125.7% year on year); the operating margin was 22.9%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹67.5	+29.9%	-4.9%
Operating profit	₹15.5	+93.5%	-14.0%
Net profit	₹9.0	+125.7%	-17.9%
EPS (₹)	1.75	+136.5%	-18.2%
Operating margin	22.9%	—	—

Full quarterly financials → Results calendar →

📢 Recent Corporate Announcements

Forbes Precision Tools Issues Corrigendum to Correct Typographical Error in Board Meeting Date

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 12 Aug 2026, 05:09 PM

Forbes Precision Tools and Machine Parts Ltd has issued a corrigendum regarding its board meeting outcome filed on August 12, 2026. The filing corrects a typographical error where the date was inadvertently mentioned as 'April 12, 2026' instead of 'August 12, 2026'. This is a purely administrative correction to ensure the accuracy of regulatory records. There are no changes to the substantive contents of the original board meeting outcome.

Correction of a typographical error in the board meeting outcome dated August 12, 2026
Incorrect date 'April 12, 2026' replaced with the correct date 'August 12, 2026'
All other contents of the original intimation remain unchanged as per the company secretary
The company maintains a market capitalization of approximately Rs 702 Cr

💡 No action is required from investors as this is a routine clerical correction. Investors should focus on the actual financial or operational outcomes discussed in the original board meeting filing.

₹5 Interim Dividend Declared; Record Date Fixed for August 18, 2026

🟢 POSITIVE ⭐ 7/10

DIVIDEND 📅 12 Aug 2026, 12:47 PM

Forbes Precision Tools has declared an interim dividend of ₹5 per equity share (50% of face value) for FY 2026-27. This dividend is substantial, representing approximately 90% of the company's TTM EPS of ₹5.57 and offering a yield of ~3.7% based on the current price of ₹135.2. The board has set August 18, 2026, as the record date for eligibility. Additionally, the company has secured leadership continuity by re-appointing Mr. Mahesh Tahilyani as Managing Director for a three-year term starting April 2027.

Interim dividend of ₹5 per equity share declared for the financial year 2026-27
Record date for dividend eligibility fixed as Tuesday, August 18, 2026
Dividend payout represents 50% of the face value of ₹10 per share
Managing Director Mahesh Tahilyani re-appointed for a 3-year term effective April 1, 2027
Dividend amount of ₹5 is nearly 90% of the TTM EPS of ₹5.57

💡 Investors should note the record date of August 18, 2026, to be eligible for the dividend and monitor the full Q1 FY27 results to assess if operational cash flows support this high payout level.

₹5 Interim Dividend Declared; Record Date August 18, 2026

🟢 POSITIVE ⭐ 7/10

DIVIDEND 📅 12 Aug 2026, 12:35 PM

Forbes Precision Tools has declared an interim dividend of ₹5 per equity share for FY 2026-27, representing a 50% payout on the ₹10 face value. This dividend is substantial, offering an approximate yield of 3.7% based on the current price of ₹135.2. The board has fixed August 18, 2026, as the record date for eligibility. Additionally, the board approved the re-appointment of Mr. Mahesh Tahilyani as Managing Director for a three-year term starting April 1, 2027, ensuring leadership continuity.

Interim dividend of ₹5 per equity share declared for the financial year 2026-27
Record date for dividend eligibility fixed as Tuesday, August 18, 2026
Dividend represents a 50% payout on the face value of ₹10 per share
Managing Director Mahesh Tahilyani re-appointed for a 3-year term effective April 1, 2027
Dividend amount of ₹5 is nearly 90% of the TTM EPS of ₹5.57

💡 Investors should note the record date of August 18, 2026, to be eligible for the dividend. Watch for the full Q1 FY27 results to see if operational cash flows comfortably cover this high payout ratio.

₹5 Interim Dividend Declared; MD Mahesh Tahilyani Re-appointed for 3 Years

🟢 POSITIVE ⭐ 7/10

BOARD_MEETING 📅 12 Aug 2026, 12:32 PM

Forbes Precision Tools has declared a significant interim dividend of ₹5 per share for FY27, representing a ~3.7% yield on the current price of ₹135.2. The board has fixed August 18, 2026, as the record date for this payout. Leadership continuity is secured with the re-appointment of Mr. Mahesh Tahilyani as Managing Director for a three-year term starting April 2027. The dividend payout is notably high, representing nearly 90% of the company's TTM EPS of ₹5.57.

Declared an interim dividend of ₹5 per equity share (50% of face value) for FY27
Fixed August 18, 2026, as the record date for determining dividend eligibility
Re-appointed Mr. Mahesh Tahilyani as Managing Director for a 3-year term effective April 1, 2027
Maintained a strong ROCE of 21.0% and a low Debt-to-Equity ratio of 0.10
Approved unaudited financial results for the quarter ended June 30, 2026

💡 Investors should monitor the full Q1 FY27 earnings release to see if operational cash flows support the high dividend payout and track progress on capacity expansions in the aerospace and defense sectors.

Rs 5 Interim Dividend Declared; Record Date Fixed for August 18, 2026

🟢 POSITIVE ⭐ 6/10

DIVIDEND 📅 12 Aug 2026, 12:27 PM

Forbes Precision Tools has declared an interim dividend of Rs 5 per equity share (50% of face value) for FY 2026-27. The Board has fixed August 18, 2026, as the record date to determine shareholder eligibility. Based on the current market price of Rs 135.2, this represents a significant interim dividend yield of approximately 3.7%. Additionally, the company approved the re-appointment of Mr. Mahesh Tahilyani as Managing Director for a three-year term starting April 1, 2027, ensuring leadership continuity.

Interim dividend of Rs 5 per equity share declared for the financial year 2026-27
Record date for dividend eligibility set for Tuesday, August 18, 2026
Dividend yield of ~3.7% based on the current share price of Rs 135.2
Managing Director Mahesh Tahilyani re-appointed for a 3-year term effective April 1, 2027
Board approved unaudited financial results for the quarter ended June 30, 2026

💡 Investors should note the ex-dividend date (typically one business day before the record date) to be eligible for the Rs 5 payout. Monitor the full Q1 FY27 results to assess if operational cash flows comfortably cover the dividend payout.

Rs 5 Interim Dividend Declared by Forbes Precision Tools; MD Re-appointed for 3 Years

🟢 POSITIVE ⭐ 7/10

DIVIDEND 📅 12 Aug 2026, 12:24 PM

Forbes Precision Tools has declared an interim dividend of Rs 5 per equity share (50% of face value) for FY 2026-27, representing a significant ~3.7% yield on the current price of Rs 135.2. The board has fixed August 18, 2026, as the record date for this payout. Additionally, the company approved its Q1 FY27 unaudited results and re-appointed Mr. Mahesh Tahilyani as Managing Director for a three-year term starting April 1, 2027. While the specific quarterly financial figures were not detailed in the text extract, the dividend declaration indicates a strong cash position.

Interim dividend of Rs 5 per equity share declared for the financial year 2026-27.
Record date for dividend eligibility established as August 18, 2026.
Managing Director Mahesh Tahilyani re-appointed for a 3-year term effective April 1, 2027.
Dividend represents 50% of the face value of Rs 10 per share.
Board meeting concluded within 65 minutes, approving results and corporate actions.

💡 Investors should ensure they hold shares by the August 18 record date to qualify for the Rs 5 dividend. Monitor the full financial statement release to verify if the TTM OPM of 21.2% is being maintained in the new fiscal year.

₹5 Interim Dividend Declared by Forbes Precision Tools; MD Re-appointed for 3 Years

🟢 POSITIVE ⭐ 7/10

DIVIDEND 📅 12 Aug 2026, 12:18 PM

Forbes Precision Tools has declared an interim dividend of ₹5 per equity share (50% of face value) for FY 2026-27, representing a yield of approximately 3.7% at the current price of ₹135.2. The Board has fixed August 18, 2026, as the record date for this payout. Additionally, the company has approved the re-appointment of Mr. Mahesh Tahilyani as Managing Director for a three-year term starting April 1, 2027. The Board also approved the unaudited financial results for the quarter ended June 30, 2026.

Interim dividend of ₹5 per equity share of face value ₹10 (50%) declared for FY27.
Record date for dividend eligibility fixed as Tuesday, August 18, 2026.
Managing Director Mahesh Tahilyani re-appointed for a 3-year term effective April 1, 2027.
Board meeting concluded in 65 minutes, approving Q1 FY27 unaudited financial results.
Dividend yield stands at ~3.7% based on the current market price of ₹135.2.

💡 Investors should note the record date of August 18, 2026, to be eligible for the ₹5 dividend. Monitor the detailed Q1 FY27 results to verify if the 21.2% operating margins are being maintained amidst ongoing capacity expansions.

Aug 12 Board Meeting to Consider Q1 Results and Interim Dividend

🟡 NEUTRAL ⭐ 4/10

BOARD_MEETING 📅 05 Aug 2026, 05:04 PM

Forbes Precision Tools has scheduled a board meeting for August 12, 2026, to approve unaudited financial results for the quarter ended June 30, 2026. The board will also consider an interim dividend for the financial year 2026-27. The company enters this quarter with a TTM revenue of Rs 250 Cr and a strong ROCE of 21.0%. Given the 36.8% stock price decline over the past 12 months, investors will be looking for growth consistency following the Rs 71 Cr revenue reported in Mar 2026.

Board meeting scheduled for August 12, 2026, to approve Q1 FY27 results.
Interim dividend for FY 2026-27 to be considered by the board.
Trading window has been closed since June 25, 2026, for designated persons.
Company reported TTM PAT of Rs 29 Cr and OPM of 21.2% as of the last fiscal year.

💡 Monitor the August 12 results for margin stability and updates on capacity expansion in the aerospace and defense sectors, which are key growth drivers.

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💰 Financial Performance

Revenue Growth by Segment

Total Operating Income (TOI) of INR 228.50 Cr for FY24, primarily derived from carbide and high-speed steel (HSS) round cutting tools for automotive and engineering industries.

Geographic Revenue Split

The company serves sectors including aerospace, defense, oil and gas, and infrastructure development both in India and internationally, though specific percentage splits are not disclosed.

Profitability Margins

The company reported a healthy net profitability margin of 12.94% for FY24 (period from April 1, 2023, to March 31, 2024).

EBITDA Margin

EBIDTA margin stood at 22.48% for FY24, reflecting strong core operational profitability.

Capital Expenditure

The company has plans for debt-funded capital expenditure for FY25 to enhance production capacity, supported by bank facilities totaling INR 55.00 Cr.

Credit Rating & Borrowing

Infomerics Ratings assigned IVR BBB/Stable for long-term bank facilities (INR 45.00 Cr) and IVR A3+ for short-term facilities (INR 10.00 Cr) as of December 2024.

⚙️ Operational Drivers

Raw Materials

Carbide and High-Speed Steel (HSS) are the primary raw materials used for manufacturing round cutting tools.

Capacity Expansion

Ongoing production capacity enhancement is in progress for FY25 to meet growing demand in aerospace and defense sectors.

Raw Material Costs

Profitability is susceptible to volatile raw material prices, which is identified as a key rating constraint.

Manufacturing Efficiency

Coverage ratios are strong with an interest coverage of 44.28x and DSCR of 36.47x, indicating high operational efficiency relative to debt obligations.

📈 Strategic Growth

Growth Strategy

Growth is targeted through value-added segments, application-based tooling solutions, and capacity expansion to serve high-demand sectors like aerospace, defense, and infrastructure.