WEBSITE BSE:500033 NSE: FORCE MOTR Inc. Year: 1958 Industry: Automobiles-Trucks/Lcv
Last updated: 15:59
Force Motors Ltd is a holding enterprise. The Company is engaged in manufacturing light commercial and utility vehicles, and engines. It is an vehicle business enterprise, with a focus on design, improvement and manufacture of various automotive components, aggregates and vehicles. Its product variety includes Small Commercial Vehicles, Multi-Utility Vehicles (MUV), Light Commercial Vehicles (LCV), Sports Utility Vehicles (SUV) and Agricultural Tractors. Its private automobiles include Force Gurkha and Force One. Its Commercial automobiles comp...Read More
Force Motors Ltd is a holding enterprise. The Company is engaged in manufacturing light commercial and utility vehicles, and engines. It is an vehicle business enterprise, with a focus on design, improvement and manufacture of various automotive components, aggregates and vehicles. Its product variety includes Small Commercial Vehicles, Multi-Utility Vehicles (MUV), Light Commercial Vehicles (LCV), Sports Utility Vehicles (SUV) and Agricultural Tractors. Its private automobiles include Force Gurkha and Force One. Its Commercial automobiles comprises Passenger Carrier, inclusive of Trax GAMA, Trax Cruiser, Trax Toofan and Trax Cruiser, and Goods Carrier, inclusive of Trump 40, Trump 40 Hi-Deck, Trax Delivery Van, Traveller Delivery Van and Trax Kargo-King. Its Agricultural Vehicles consist of Balwan and Orchard. It also offer Traveller Super with approximately 1.8 meter width, and the Traveller Royale with over 2.2 meter width, with diverse configurations and seating capacities. ...Read Less
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Market Cap ₹25463 Cr.
Stock P/E 31.8
P/B 7.3
Current Price ₹19325
Book Value ₹ 2661.1
Face Value 10
52W High ₹22000
Dividend Yield 0.21%
52W Low ₹ 6128.6
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 1488 | 1802 | 1692 | 2011 | 1885 | 1941 | 1889 | 2356 | 2297 | 2081 |
| Other Income | 11 | 9 | 4 | 15 | 15 | 9 | 15 | 18 | 25 | 24 |
| Total Income | 1499 | 1811 | 1696 | 2026 | 1900 | 1950 | 1904 | 2374 | 2322 | 2106 |
| Total Expenditure | 1307 | 1577 | 1467 | 1733 | 1636 | 1659 | 1658 | 2027 | 1965 | 1719 |
| Operating Profit | 192 | 234 | 228 | 293 | 264 | 291 | 247 | 347 | 357 | 387 |
| Interest | 18 | 16 | 14 | 14 | 9 | 5 | 4 | 7 | 0 | 0 |
| Depreciation | 63 | 67 | 68 | 68 | 69 | 69 | 71 | 72 | 70 | 71 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 395 | 0 | 0 |
| Profit Before Tax | 111 | 151 | 146 | 211 | 186 | 217 | 172 | 663 | 287 | 316 |
| Provision for Tax | 39 | 53 | 51 | 74 | 66 | 76 | 62 | 233 | 101 | -34 |
| Profit After Tax | 72 | 98 | 95 | 137 | 120 | 141 | 110 | 430 | 185 | 350 |
| Adjustments | -3 | -4 | -9 | 3 | -4 | -6 | 5 | 5 | -9 | 1 |
| Profit After Adjustments | 69 | 94 | 85 | 140 | 116 | 135 | 115 | 435 | 176 | 351 |
| Adjusted Earnings Per Share | 52 | 71.2 | 64.8 | 106.4 | 87.8 | 102.4 | 87.5 | 329.8 | 133.8 | 266.1 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 2364 | 3025 | 3069 | 3423 | 3652 | 3081 | 1988 | 3240 | 5029 | 6992 | 8072 | 8623 |
| Other Income | 66 | 71 | 85 | 69 | 82 | 43 | 25 | 52 | 62 | 39 | 57 | 82 |
| Total Income | 2430 | 3096 | 3154 | 3492 | 3734 | 3123 | 2013 | 3292 | 5091 | 7031 | 8128 | 8706 |
| Total Expenditure | 2217 | 2751 | 2801 | 3155 | 3374 | 2812 | 1975 | 3173 | 4699 | 6083 | 6979 | 7369 |
| Operating Profit | 213 | 346 | 353 | 337 | 360 | 312 | 38 | 119 | 392 | 948 | 1149 | 1338 |
| Interest | 7 | 5 | 6 | 7 | 15 | 28 | 28 | 41 | 68 | 62 | 26 | 11 |
| Depreciation | 81 | 92 | 113 | 129 | 151 | 195 | 174 | 191 | 241 | 267 | 280 | 284 |
| Exceptional Income / Expenses | 0 | 0 | 1 | 0 | 0 | -39 | 0 | 0 | 208 | 0 | 395 | 395 |
| Profit Before Tax | 125 | 249 | 235 | 201 | 190 | 42 | -176 | -130 | 272 | 605 | 1238 | 1438 |
| Provision for Tax | 24 | 70 | 55 | 53 | 47 | -8 | -52 | -39 | 139 | 217 | 437 | 362 |
| Profit After Tax | 102 | 179 | 180 | 147 | 143 | 50 | -124 | -91 | 134 | 388 | 801 | 1075 |
| Adjustments | 0 | 0 | 0 | 0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | 2 |
| Profit After Adjustments | 102 | 179 | 180 | 147 | 143 | 50 | -124 | -91 | 134 | 388 | 801 | 1077 |
| Adjusted Earnings Per Share | 77.2 | 135.8 | 136.8 | 111.8 | 108.7 | 38.1 | -93.8 | -69.1 | 101.4 | 294.5 | 607.5 | 817.2 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 15% | 36% | 21% | 13% |
| Operating Profit CAGR | 21% | 113% | 30% | 18% |
| PAT CAGR | 106% | 0% | 74% | 23% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 191% | 135% | 70% | 22% |
| ROE Average | 30% | 19% | 9% | 9% |
| ROCE Average | 43% | 26% | 14% | 12% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 1319 | 1490 | 1668 | 1801 | 1933 | 1965 | 1838 | 1748 | 1875 | 2255 | 3033 |
| Minority's Interest | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Borrowings | 11 | 3 | 2 | 0 | 206 | 188 | 494 | 601 | 595 | 382 | 1 |
| Other Non-Current Liabilities | 50 | 96 | 20 | 37 | 42 | 25 | -27 | -66 | 26 | 140 | 372 |
| Total Current Liabilities | 639 | 718 | 901 | 683 | 653 | 911 | 874 | 1283 | 1509 | 1636 | 1725 |
| Total Liabilities | 2020 | 2308 | 2592 | 2523 | 2836 | 3091 | 3180 | 3567 | 4008 | 4415 | 5134 |
| Fixed Assets | 638 | 786 | 905 | 942 | 1210 | 1395 | 1218 | 2028 | 2087 | 2025 | 1962 |
| Other Non-Current Assets | 340 | 298 | 299 | 454 | 535 | 669 | 1080 | 512 | 355 | 344 | 591 |
| Total Current Assets | 1042 | 1224 | 1389 | 1127 | 1091 | 1027 | 882 | 1027 | 1565 | 2046 | 2580 |
| Total Assets | 2020 | 2308 | 2592 | 2523 | 2836 | 3091 | 3180 | 3567 | 4008 | 4415 | 5134 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 214 | 48 | 57 | 87 | 40 | 4 | 66 | 35 | 72 | 140 | 448 |
| Cash Flow from Operating Activities | 226 | 256 | 471 | 256 | 314 | 409 | 7 | 18 | 532 | 1014 | 971 |
| Cash Flow from Investing Activities | -96 | -210 | -621 | -81 | -606 | -327 | -333 | -356 | -256 | -198 | -351 |
| Cash Flow from Financing Activities | -45 | -37 | 180 | -223 | 256 | -20 | 293 | 375 | -207 | -509 | -562 |
| Net Cash Inflow / Outflow | 85 | 9 | 30 | -47 | -35 | 62 | -32 | 37 | 68 | 308 | 58 |
| Closing Cash & Cash Equivalent | 300 | 57 | 87 | 40 | 4 | 66 | 35 | 72 | 140 | 448 | 507 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 77.19 | 135.85 | 136.78 | 111.76 | 108.75 | 38.07 | -93.8 | -69.1 | 101.4 | 294.45 | 607.54 |
| CEPS(Rs) | 138.82 | 205.51 | 222.5 | 209.76 | 223.32 | 185.73 | 38.03 | 75.83 | 284.13 | 496.93 | 820.26 |
| DPS(Rs) | 5 | 10 | 10 | 10 | 10 | 10 | 5 | 10 | 10 | 20 | 40 |
| Book NAV/Share(Rs) | 1000.83 | 1130.23 | 1265.24 | 1366.56 | 1466.78 | 1491.15 | 1394.41 | 1326.15 | 1422.63 | 1711.03 | 2301.54 |
| Core EBITDA Margin(%) | 5.58 | 7.95 | 7.67 | 7.6 | 7.63 | 8.73 | 0.66 | 2.07 | 6.56 | 13 | 13.54 |
| EBIT Margin(%) | 5 | 7.35 | 6.89 | 5.88 | 5.63 | 2.27 | -7.43 | -2.73 | 6.78 | 9.54 | 15.66 |
| Pre Tax Margin(%) | 4.75 | 7.2 | 6.73 | 5.69 | 5.21 | 1.36 | -8.84 | -4 | 5.42 | 8.65 | 15.34 |
| PAT Margin (%) | 3.85 | 5.18 | 5.16 | 4.18 | 3.93 | 1.63 | -6.21 | -2.81 | 2.66 | 5.55 | 9.92 |
| Cash Profit Margin (%) | 6.93 | 7.85 | 8.39 | 7.85 | 8.06 | 7.95 | 2.52 | 3.08 | 7.45 | 9.37 | 13.39 |
| ROA(%) | 5.06 | 8.27 | 7.35 | 5.76 | 5.35 | 1.7 | -3.94 | -2.7 | 3.53 | 9.22 | 16.77 |
| ROE(%) | 7.98 | 12.75 | 11.41 | 8.49 | 7.68 | 2.58 | -6.5 | -5.08 | 7.38 | 18.8 | 30.29 |
| ROCE(%) | 10.07 | 17.86 | 14.29 | 11.3 | 10.22 | 3.11 | -6.21 | -3.35 | 12.07 | 23.79 | 43.36 |
| Receivable days | 16.86 | 13.7 | 13.86 | 18.49 | 20.41 | 19.86 | 27.05 | 17.76 | 14.02 | 7.85 | 6.29 |
| Inventory Days | 53.23 | 49.69 | 51.44 | 47.38 | 49 | 62.51 | 101.83 | 67.3 | 53.12 | 51.93 | 53.06 |
| Payable days | 77.05 | 68.05 | 74.79 | 74.93 | 63.02 | 80.1 | 124.67 | 66.68 | 58.74 | 56.95 | 50.26 |
| PER(x) | 18.11 | 21.02 | 32.81 | 24.45 | 15.63 | 19.32 | 0 | 0 | 11.5 | 24.6 | 14.89 |
| Price/Book(x) | 1.4 | 2.53 | 3.55 | 2 | 1.16 | 0.49 | 0.84 | 0.77 | 0.82 | 4.23 | 3.93 |
| Dividend Yield(%) | 0.36 | 0.35 | 0.22 | 0.37 | 0.59 | 1.36 | 0.43 | 0.98 | 0.86 | 0.28 | 0.44 |
| EV/Net Sales(x) | 0.66 | 1.14 | 1.92 | 1.04 | 0.69 | 0.39 | 1.08 | 0.72 | 0.47 | 1.38 | 1.42 |
| EV/Core EBITDA(x) | 7.3 | 10 | 16.65 | 10.58 | 7 | 3.88 | 56.51 | 19.69 | 6 | 10.15 | 9.95 |
| Net Sales Growth(%) | 16.92 | 27.96 | 1.47 | 11.52 | 6.7 | -15.66 | -35.46 | 62.98 | 55.2 | 39.04 | 15.44 |
| EBIT Growth(%) | 82.79 | 92.52 | -5.11 | -13.97 | -0.86 | -66 | -311.32 | 39.99 | 484.67 | 95.77 | 89.47 |
| PAT Growth(%) | 30.41 | 76.11 | 0.68 | -18.3 | -2.57 | -64.95 | -345.75 | 26.35 | 246.98 | 190.27 | 106.3 |
| EPS Growth(%) | 30.39 | 75.99 | 0.68 | -18.29 | -2.7 | -65 | -346.42 | 26.33 | 246.73 | 190.4 | 106.33 |
| Debt/Equity(x) | 0.02 | 0.01 | 0.12 | 0 | 0.15 | 0.16 | 0.35 | 0.61 | 0.51 | 0.23 | 0.01 |
| Current Ratio(x) | 1.63 | 1.7 | 1.54 | 1.65 | 1.67 | 1.13 | 1.01 | 0.8 | 1.04 | 1.25 | 1.5 |
| Quick Ratio(x) | 1.02 | 0.94 | 1.06 | 0.95 | 0.9 | 0.52 | 0.37 | 0.3 | 0.49 | 0.54 | 0.81 |
| Interest Cover(x) | 20.12 | 47.9 | 43.49 | 31.07 | 13.4 | 2.51 | -5.23 | -2.16 | 4.98 | 10.74 | 48.86 |
| Total Debt/Mcap(x) | 0.01 | 0 | 0.03 | 0 | 0.13 | 0.32 | 0.42 | 0.79 | 0.62 | 0.06 | 0 |
| # | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 61.63 | 61.63 | 61.63 | 61.63 | 61.63 | 61.63 | 61.63 | 61.63 | 61.63 | 61.63 |
| FII | 4.94 | 4.91 | 6.34 | 7.78 | 7.89 | 8.15 | 8.35 | 9.77 | 10.27 | 10.46 |
| DII | 1.59 | 1.21 | 0.87 | 1.03 | 0.92 | 0.91 | 1.43 | 1.66 | 1.48 | 1.8 |
| Public | 31.85 | 32.25 | 31.16 | 29.57 | 29.56 | 29.31 | 28.59 | 26.95 | 26.62 | 26.12 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.81 | 0.81 | 0.81 | 0.81 | 0.81 | 0.81 | 0.81 | 0.81 | 0.81 | 0.81 |
| FII | 0.07 | 0.06 | 0.08 | 0.1 | 0.1 | 0.11 | 0.11 | 0.13 | 0.14 | 0.14 |
| DII | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 |
| Public | 0.42 | 0.42 | 0.41 | 0.39 | 0.39 | 0.39 | 0.38 | 0.36 | 0.35 | 0.34 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1.32 | 1.32 | 1.32 | 1.32 | 1.32 | 1.32 | 1.32 | 1.32 | 1.32 | 1.32 |
* The pros and cons are machine generated.
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