Sharescart Research Club logo ×
Screener Research Unlisted Startup Funding New IPO New

  • Home
  • /
  • Force Motors
Join Channel
Consolidated Standalone

Force Motors

₹9081.3 -24.3 | 0.3%

Market Cap ₹11966 Cr.

Stock P/E 30.8

P/B 5.3

Current Price ₹9081.3

Book Value ₹ 1711.5

Face Value 10

52W High ₹10272.7

Dividend Yield 0.22%

52W Low ₹ 1334.9

Edit Ratio

Force Motors Research see more...

Overview Inc. Year: 1958Industry: Automobiles-Trucks/Lcv

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 More..

Force Motors Share Price

New

₹ | |

Volume
Price

Quarterly Price

Quarterly Monthly
Show Value Show %

Peer Comparison

Force Motors Quarterly Results

#(Fig in Cr.) Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Net Sales 778 881 971 1264 1304 1490 1488 1802 1692 2011
Other Income 13 8 7 12 5 38 11 9 4 15
Total Income 791 890 978 1276 1309 1528 1499 1811 1696 2026
Total Expenditure 789 882 926 1165 1239 1370 1307 1577 1467 1733
Operating Profit 1 8 52 111 70 159 192 234 228 293
Interest 12 13 14 20 17 18 18 16 14 14
Depreciation 50 55 57 61 60 63 63 67 68 68
Exceptional Income / Expenses 0 0 0 0 0 208 0 0 0 0
Profit Before Tax -61 -60 -19 31 -7 286 111 151 146 211
Provision for Tax -21 -21 -7 11 -2 137 39 53 51 74
Profit After Tax -40 -40 -12 20 -4 149 72 98 95 137
Adjustments -3 -3 -4 -1 -11 -3 -3 -4 -9 3
Profit After Adjustments -43 -43 -17 19 -16 147 69 94 85 140
Adjusted Earnings Per Share -32.5 -32.5 -12.6 14.6 -11.8 111.2 52 71.2 64.8 106.4

Force Motors Profit & Loss

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 1973 2022 2364 3025 3069 3423 3652 3081 1988 3240 5029 6993
Other Income 44 60 66 71 85 69 82 43 25 52 62 39
Total Income 2017 2082 2430 3096 3154 3492 3734 3123 2013 3292 5091 7032
Total Expenditure 1919 1925 2217 2751 2801 3155 3374 2812 1975 3173 4699 6084
Operating Profit 98 157 213 346 353 337 360 312 38 119 392 947
Interest 8 9 7 5 6 7 15 28 28 41 68 62
Depreciation 70 85 81 92 113 129 151 195 174 191 241 266
Exceptional Income / Expenses 0 0 0 0 1 0 0 -39 0 0 208 0
Profit Before Tax 19 63 125 249 235 201 190 42 -176 -130 272 619
Provision for Tax 5 -15 24 70 55 53 47 -8 -52 -39 139 217
Profit After Tax 14 78 102 179 180 147 143 50 -124 -91 134 402
Adjustments 0 0 0 0 0 0 -0 -0 -0 -0 -0 -13
Profit After Adjustments 15 78 102 179 180 147 143 50 -124 -91 134 388
Adjusted Earnings Per Share 11.1 59.2 77.2 135.8 136.8 111.8 108.7 38.1 -93.8 -69.1 101.4 294.4

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 55% 18% 8% 10%
Operating Profit CAGR 229% 8% 3% 15%
PAT CAGR 0% 39% -2% 25%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 580% 96% 42% 38%
ROE Average 7% -1% 1% 5%
ROCE Average 12% 1% 3% 7%

Force Motors Balance Sheet

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 1154 1228 1319 1490 1668 1801 1933 1965 1838 1748 1875
Minority's Interest 1 1 1 1 2 2 2 2 2 2 2
Borrowings 42 20 11 3 2 0 206 188 494 601 595
Other Non-Current Liabilities 54 31 50 96 20 37 42 25 -27 -66 26
Total Current Liabilities 684 715 639 718 901 683 653 911 874 1283 1509
Total Liabilities 1935 1996 2020 2308 2592 2523 2836 3091 3180 3567 4008
Fixed Assets 622 643 638 786 905 942 1210 1395 1218 2028 2087
Other Non-Current Assets 265 283 340 298 299 454 535 669 1080 512 355
Total Current Assets 1049 1070 1042 1224 1389 1127 1091 1027 882 1027 1565
Total Assets 1935 1996 2020 2308 2592 2523 2836 3091 3180 3567 4008

Force Motors Cash Flow

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 462 228 214 48 57 87 40 4 66 35 72
Cash Flow from Operating Activities 86 116 226 256 471 256 314 409 7 18 532
Cash Flow from Investing Activities -304 -100 -96 -210 -621 -81 -606 -327 -333 -356 -256
Cash Flow from Financing Activities -16 -30 -45 -37 180 -223 256 -20 293 375 -207
Net Cash Inflow / Outflow -234 -14 85 9 30 -47 -35 62 -32 37 68
Closing Cash & Cash Equivalent 228 214 300 57 87 40 4 66 35 72 140

Force Motors Ratios

# Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 11.06 59.2 77.19 135.85 136.78 111.76 108.75 38.07 -93.8 -69.1 101.4
CEPS(Rs) 64.25 123.53 138.82 205.51 222.5 209.76 223.32 185.73 38.03 75.83 284.13
DPS(Rs) 3 3 5 10 10 10 10 10 5 10 10
Book NAV/Share(Rs) 876.17 931.74 1000.83 1130.23 1265.24 1366.56 1466.78 1491.15 1394.41 1326.15 1422.63
Core EBITDA Margin(%) 2.38 4.22 5.58 7.95 7.67 7.6 7.63 8.73 0.66 2.07 6.56
EBIT Margin(%) 1.22 3.13 5 7.35 6.89 5.88 5.63 2.27 -7.43 -2.73 6.78
Pre Tax Margin(%) 0.85 2.74 4.75 7.2 6.73 5.69 5.21 1.36 -8.84 -4 5.42
PAT Margin (%) 0.64 3.39 3.85 5.18 5.16 4.18 3.93 1.63 -6.21 -2.81 2.66
Cash Profit Margin (%) 3.72 7.07 6.93 7.85 8.39 7.85 8.06 7.95 2.52 3.08 7.45
ROA(%) 0.91 3.96 5.06 8.27 7.35 5.76 5.35 1.7 -3.94 -2.7 3.53
ROE(%) 2.34 6.54 7.98 12.75 11.41 8.49 7.68 2.58 -6.5 -5.08 7.38
ROCE(%) 2.96 5.76 10.07 17.86 14.29 11.3 10.22 3.11 -6.21 -3.35 12.07
Receivable days 14.05 19.34 16.86 13.7 13.86 18.49 20.41 19.86 27.05 17.76 14.02
Inventory Days 67.79 60.18 53.23 49.69 51.44 47.38 49 62.51 101.83 67.3 53.12
Payable days 90 71.21 77.05 68.05 74.79 74.93 63.02 80.1 124.67 66.68 58.74
PER(x) 30.08 5.83 18.11 21.02 32.81 24.45 15.63 19.32 0 0 11.5
Price/Book(x) 0.38 0.37 1.4 2.53 3.55 2 1.16 0.49 0.84 0.77 0.82
Dividend Yield(%) 0.9 0.87 0.36 0.35 0.22 0.37 0.59 1.36 0.43 0.98 0.86
EV/Net Sales(x) 0.14 0.14 0.66 1.14 1.92 1.04 0.69 0.39 1.08 0.72 0.47
EV/Core EBITDA(x) 2.85 1.83 7.3 10 16.65 10.58 7 3.88 56.51 19.69 6
Net Sales Growth(%) 121.47 2.48 16.92 27.96 1.47 11.52 6.7 -15.66 -35.46 62.98 55.2
EBIT Growth(%) -76.8 160.53 82.79 92.52 -5.11 -13.97 -0.86 -66 -311.32 39.99 484.67
PAT Growth(%) 2066.24 437.62 30.41 76.11 0.68 -18.3 -2.57 -64.95 -345.75 26.35 246.98
EPS Growth(%) 2076.05 435.49 30.39 75.99 0.68 -18.29 -2.7 -65 -346.42 26.33 246.73
Debt/Equity(x) 0.06 0.04 0.02 0.01 0.12 0 0.15 0.16 0.35 0.61 0.51
Current Ratio(x) 1.53 1.5 1.63 1.7 1.54 1.65 1.67 1.13 1.01 0.8 1.04
Quick Ratio(x) 0.97 0.97 1.02 0.94 1.06 0.95 0.9 0.52 0.37 0.3 0.49
Interest Cover(x) 3.36 7.86 20.12 47.9 43.49 31.07 13.4 2.51 -5.23 -2.16 4.98
Total Debt/Mcap(x) 0.16 0.12 0.01 0 0.03 0 0.13 0.32 0.42 0.79 0.62

Force Motors Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 61.63 61.63 61.63 61.63 61.63 61.63 61.63 61.63 61.63 61.63
FII 2.46 2.6 2.49 2.55 2.71 2.72 4.11 4.94 4.91 6.34
DII 2.54 3.3 2.89 2.21 2.19 2.32 1.48 1.59 1.21 0.87
Public 33.37 32.46 32.98 33.61 33.47 33.34 32.78 31.85 32.25 31.16
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Debtor days have improved from 66.68 to 58.74days.
  • Company has reduced debt.

Cons

  • Company has a low return on equity of -1% over the last 3 years.
  • Stock is trading at 5.3 times its book value.
  • The company has delivered a poor profit growth of -1% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Force Motors News

IPO

Companies Open Date Close Date Issue Price Cost of 1 Lot GMP Expected Listing Listing Gain(%) Listing Price Current Price Type Exchange

View more.....

Companies Open Date Close Date Issue Price Cost of 1 Lot GMP Expected Listing Listing Gain(%) Listing Price Current Price Type Exchange

View more.....

Companies Open Date Close Date Issue Price Cost of 1 Lot GMP Expected Listing Listing Gain(%) Listing Price Current Price Type Exchange

View more.....

Companies Open Date Close Date Issue Price Cost of 1 Lot GMP Expected Listing Listing Gain(%) Listing Price Current Price Type Exchange

View more.....

Companies Open Date Close Date Issue Price Cost of 1 Lot GMP Expected Listing Listing Gain(%) Listing Price Current Price Type Exchange

View more.....

You May Also Know About

Unlisted Shares Pre-IPO Shares ESOP Shares Delisted Shares

Please Login!

Click to Login
OR
Get free Account

Error!