What we do Forcas Studio Ltd is a menswear company specializing in shirts, denims, t-shirts, and sportswear, offering branded and white-labeled garments through wholesale and online channels. |
Founded in 2,010 |
Market share Emerging brand with growing presence in Indian menswear wholesale and large-format retail segments. |
Problem solved Provides quality, fashionable menswear and a streamlined supply chain to retailers and online consumers in India. |
Top clients or who we serve B2B wholesalers and large retailers like V-Mart, Landmark Group, and V2 Retail; B2C via online sales. |
Key management - |
Our journey and innovations Started as a partnership in 2010, converted to private and then public limited company by 2024, launched IPO raising Rs 37.44 Cr in 2024. |
Where we operate Primarily India, with sourcing hubs in Kolkata, Surat, and Mumbai. |
Top products or what we offer Men's garments including shirts, denims, t-shirts, trousers, sportswear, party and fashion wear, boxers. |
Top brands - |
Raw materials needed Fabrics, threads, buttons, elastic, labels, tags, zippers, packing materials. |
Raw materials supplier Local fabric markets in Kolkata, Surat, and Mumbai. |
Recurring vs cyclical contribution Revenue mainly from wholesale bulk sales, a mix of recurring and cyclical demand. |
Our industry position Growing market presence with wholesale and large-format retail partnerships, focusing on menswear segment. |
Financial highlights FY 2025 revenue Rs 14.3 Cr with 26.58% growth, PAT Rs 0.86 Cr, EPS Rs 5.52, strong IPO subscription and listing on NSE EMERGE. |
Geographical revenue split Revenue primarily from India; no international markets disclosed. |
Order book - |
Whats driving growth Expansion of wholesale channel, onboarding of major retailers, brand transition to online sales, and IPO funding. |
Our future plans Enhance supply chain, capitalize on IPO funds for expansion, increase market penetration in menswear segments. |
Our green promise Adopts green initiatives such as digital communications to reduce paper use. |
Our people and values Focuses on attracting and retaining talent, fostering leadership and a strong work environment. |
Key challenges ahead Inflation, competitive retail landscape, dependence on fabric sourcing, and supply chain risks. |
Interesting facts IPO oversubscribed 389.83 times with premium listing debut at Rs 80 per share. |
Risks and strategy Mitigates supply chain risks with local sourcing, focuses on design and quality control via in-house supervision. |
