Force Motors Limited FORCEMOT NIFTY_SMALLNSE
Company Overview
Force Motors Limited, an integrated automobile company, designs, develops, manufactures, and sells a range of automotive components, aggregates, and vehicles in India. The company provides passenger vehicles, ambulances, school buses, and delivery van; small commercial, light commercial, multi utility vehicles, special vehicles, and spare parts; special utility vehicles, which include off-roaders/recreation vehicles and military vehicles; and agricultural tractors. Its product portfolio consists of urbania, a ground-up modular monocoque van platform for shared urban mobility; traveller, a platform that caters to passenger transport, cargo delivery, ambulances, and school buses; monobus; trax, a rugged utility vehicle platform for rural and last mile transport; special application vehicles; gurkha off-road vehicle; and electric vehicles. In addition, the company offers shared mobility solutions, commercial fleets, specialized transport, and defense solutions. It exports its products to various countries in the Middle East, Asia, Latin America, and Africa. The company was incorporated in 1958 and is based in Pune, India. Force Motors Limited operates as a subsidiary of Jaya Hind Industries Pvt. Ltd.
Why Investors Should Care
Generates a return on equity of 28.9%, reflecting efficient use of shareholder capital.
Return on capital employed stands at 33.8%.
Net profit has compounded at 108.5% per year over the last five years.
Revenue has grown at a 22.1% CAGR over the past five years.
Trades at a P/E of 29.2, below the sector median of 30.4.
Carries low leverage with a debt-to-equity ratio of 0.00.
Recent Developments
- Mar 2026 Revenue of ₹9,057.05 Cr (+12.2% YoY); net profit ₹1,211.63 Cr.
- Trailing 12 Months Year-on-year growth — revenue +12.2%, earnings +51.3%.
- 5-Year Trend Long-term compounding — revenue CAGR 22.1%, profit CAGR 108.5%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 22.06% |
| 1 Year: | 12.21% |
Compounded Profit Growth
| 5 Years: | 108.52% |
| 1 Year: | 51.31% |
Stock Price Performance
| 1 Year: | +7.15% |
| 6 Months: | -10.73% |
| 3 Months: | -20.62% |
| 1 Month: | -3.60% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMABelow
- Price vs 200-DMABelow
- RSI (14)43.10 · Neutral
P/E of 29.23 is below the sector median of 30.43 — relatively cheaper than peers.
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Strong return on equity of 28.9%.
- Healthy ROCE of 33.8%.
- Compounding revenue at 22.1% over 5 years.
- Profit CAGR of 108.5% over 5 years.
- Generates positive free cash flow.
CONS
- Trading 31.1% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Consumer Cyclical).
| # | Name | CMP ₹ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | FORCEMOT Force Motors Limited NIFTY_SMALLNSE | 17,764.00 | 29.23 | ₹23,406.31 Cr | 0.22% | 33.80% | 28.89% | 22.06% | 108.52% |
| 2 | MARUTI Maruti Suzuki India Limited NIFTY50NSEAI | 13,542.00 | 29.36 | ₹4.26 L Cr | 1.01% | 17.22% | 13.70% | 16.60% | 21.11% |
| 3 | TITAN Titan Company Limited NIFTY50NSE | 4,602.10 | 80.47 | ₹4.09 L Cr | 0.33% | 38.43% | 32.31% | 29.24% | 16.00% |
| 4 | M&M Mahindra & Mahindra Limited NIFTY50NSEAI | 3,108.80 | 20.43 | ₹3.87 L Cr | 1.05% | 17.14% | 18.37% | 17.50% | 18.48% |
| 5 | BAJAJ-AUTO Bajaj Auto Limited NIFTY50NSE | 10,348.50 | 26.92 | ₹2.89 L Cr | 1.48% | 26.12% | 27.67% | 19.49% | 21.03% |
| 6 | ETERNAL Eternal Limited NSEAITECH | 290.35 | 744.49 | ₹2.80 L Cr | 0.00% | 2.87% | 1.18% | 97.70% | 45.90% |
| 7 | EICHERMOT Eicher Motors Limited NIFTY50NSEAI | 7,354.50 | 42.67 | ₹2.02 L Cr | 1.11% | 26.43% | 21.97% | 17.47% | 23.70% |
| 8 | TVSMOTOR TVS Motor Company Limited NSE | 3,644.70 | 57.37 | ₹1.73 L Cr | 0.33% | 28.82% | 31.56% | 20.21% | 31.46% |
| 9 | HYUNDAI HYUNDAI MOTOR INDIA LTD NSE | 2,035.00 | 30.44 | ₹1.65 L Cr | 1.06% | 32.62% | 27.14% | 5.50% | 4.87% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in INR.
| Metric | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,490.00 Cr | 1,488.00 Cr | 1,802.00 Cr | 1,692.00 Cr | 2,011.00 Cr | 1,885.00 Cr | - | 1,889.49 Cr | 2,356.01 Cr | 2,297.25 Cr | 2,081.40 Cr | 2,128.56 Cr | 2,549.84 Cr |
| Cost of Revenue | - | - | - | - | - | - | - | 1,391.95 Cr | 1,675.82 Cr | 1,650.60 Cr | 1,407.46 Cr | 1,446.54 Cr | 1,755.13 Cr |
| Gross Profit | - | - | - | - | - | - | - | 497.54 Cr | 680.19 Cr | 646.65 Cr | 673.94 Cr | 682.02 Cr | 794.71 Cr |
| Operating Expenses | 1,372.00 Cr | 1,310.00 Cr | 1,581.00 Cr | 1,477.00 Cr | 1,733.00 Cr | 1,640.00 Cr | - | 336.35 Cr | 422.83 Cr | 384.91 Cr | 382.12 Cr | 380.73 Cr | 452.40 Cr |
| Operating Income | 55.00 Cr | 114.00 Cr | 154.00 Cr | 147.00 Cr | 211.00 Cr | 176.00 Cr | - | 161.19 Cr | 257.36 Cr | 261.74 Cr | 291.82 Cr | 301.29 Cr | 342.31 Cr |
| EBITDA | 118.00 Cr | 177.00 Cr | 221.00 Cr | 215.00 Cr | 279.00 Cr | 245.00 Cr | - | 251.78 Cr | 746.95 Cr | 348.13 Cr | 388.36 Cr | 615.50 Cr | 452.97 Cr |
| Interest Expense | 18.00 Cr | 18.00 Cr | 16.00 Cr | 14.00 Cr | 14.00 Cr | 9.00 Cr | - | 4.12 Cr | 7.26 Cr | 13.00 L | 23.00 L | 16.00 L | 2.74 Cr |
| Pretax Income | 284.00 Cr | 107.00 Cr | 147.00 Cr | 137.00 Cr | 214.00 Cr | 182.00 Cr | - | 177.15 Cr | 667.81 Cr | 277.71 Cr | 317.18 Cr | 542.62 Cr | 378.20 Cr |
| Tax Provision | 136.32 Cr | 38.52 Cr | 52.92 Cr | 50.69 Cr | 74.90 Cr | 65.52 Cr | - | 61.81 Cr | 233.07 Cr | 101.35 Cr | -33.52 Cr | 136.47 Cr | 99.66 Cr |
| Net Income | 147.00 Cr | 69.00 Cr | 94.00 Cr | 85.00 Cr | 140.00 Cr | 116.00 Cr | - | 115.31 Cr | 434.71 Cr | 176.33 Cr | 350.67 Cr | 406.11 Cr | 278.52 Cr |
| Diluted EPS | 111.25 | 52.06 | 71.24 | 64.81 | 106.45 | 87.81 | 102.46 | 87.52 | 329.92 | 133.82 | 266.14 | 308.22 | 211.37 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2,364.00 Cr | 3,025.00 Cr | 3,069.00 Cr | 3,423.00 Cr | 3,652.00 Cr | 3,081.00 Cr | 1,988.00 Cr | - | 4,980.96 Cr | 6,932.29 Cr | 8,071.73 Cr | 9,057.05 Cr |
| Cost of Revenue | - | - | - | - | - | - | - | - | 3,953.44 Cr | 5,176.32 Cr | 5,829.88 Cr | 6,259.73 Cr |
| Gross Profit | - | - | - | - | - | - | - | - | 1,027.52 Cr | 1,755.97 Cr | 2,241.85 Cr | 2,797.32 Cr |
| Operating Expenses | 2,217.00 Cr | 2,751.00 Cr | 2,801.00 Cr | 3,155.00 Cr | 3,378.00 Cr | 2,820.00 Cr | 1,964.00 Cr | - | 881.64 Cr | 1,112.78 Cr | 1,429.37 Cr | 1,600.16 Cr |
| Operating Income | 66.00 Cr | 182.00 Cr | 155.00 Cr | 139.00 Cr | 124.00 Cr | 66.00 Cr | -150.00 Cr | - | 145.88 Cr | 643.19 Cr | 812.48 Cr | 1,197.16 Cr |
| EBITDA | 147.00 Cr | 274.00 Cr | 268.00 Cr | 268.00 Cr | 275.00 Cr | 261.00 Cr | 24.00 Cr | - | 581.47 Cr | 932.95 Cr | 1,544.37 Cr | 1,804.96 Cr |
| Interest Expense | 7.00 Cr | 5.00 Cr | 6.00 Cr | 7.00 Cr | 15.00 Cr | 28.00 Cr | 28.00 Cr | - | 68.31 Cr | 61.13 Cr | 25.87 Cr | 3.26 Cr |
| Pretax Income | 125.00 Cr | 249.00 Cr | 235.00 Cr | 201.00 Cr | 190.00 Cr | 42.00 Cr | -176.00 Cr | - | 272.42 Cr | 605.07 Cr | 1,238.26 Cr | 1,515.71 Cr |
| Tax Provision | 23.75 Cr | 69.72 Cr | 54.05 Cr | 54.27 Cr | 47.50 Cr | -8.40 Cr | 52.80 Cr | - | 138.68 Cr | 216.86 Cr | 437.40 Cr | 303.96 Cr |
| Net Income | 102.00 Cr | 179.00 Cr | 180.00 Cr | 147.00 Cr | 143.00 Cr | 50.00 Cr | -124.00 Cr | - | 133.64 Cr | 388.09 Cr | 800.74 Cr | 1,211.63 Cr |
| Diluted EPS | 77.06 | 135.77 | 136.68 | 111.66 | 108.78 | 38.08 | -93.83 | -69.13 | 101.43 | 294.54 | 607.71 | - |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 1,975.00 Cr | 2,305.00 Cr | 2,604.00 Cr | 2,523.00 Cr | 2,836.00 Cr | 3,098.00 Cr | 3,238.00 Cr | - | 4,013.40 Cr | 4,414.69 Cr | 5,133.98 Cr | 6,537.55 Cr |
| Current Assets | - | - | - | - | - | - | - | - | 1,565.17 Cr | 2,045.97 Cr | 2,580.36 Cr | 3,831.62 Cr |
| Cash & Equivalents | - | - | - | - | - | - | - | - | 140.37 Cr | 448.16 Cr | 506.55 Cr | 830.42 Cr |
| Inventory | - | - | - | - | - | - | - | - | 826.55 Cr | 1,163.19 Cr | 1,183.76 Cr | 1,258.01 Cr |
| Receivables | - | - | - | - | - | - | - | - | 196.84 Cr | 104.06 Cr | 174.34 Cr | 191.15 Cr |
| Total Liabilities | - | - | - | - | - | - | - | - | 2,136.28 Cr | 2,157.34 Cr | 2,098.22 Cr | 2,340.74 Cr |
| Current Liabilities | - | - | - | - | - | - | - | - | 1,509.40 Cr | 1,635.95 Cr | 1,725.24 Cr | 2,044.22 Cr |
| Long Term Debt | - | - | - | - | - | - | - | - | 594.97 Cr | 381.77 Cr | 1.34 Cr | 0 |
| Total Debt | 11.00 Cr | 14.00 Cr | 199.00 Cr | 0 | 286.00 Cr | 310.00 Cr | 642.00 Cr | - | 954.76 Cr | 524.50 Cr | 17.43 Cr | 0 |
| Total Equity | 1,319.00 Cr | 1,489.00 Cr | 1,667.00 Cr | 1,801.00 Cr | 1,933.00 Cr | 1,965.00 Cr | 1,838.00 Cr | - | 1,875.03 Cr | 2,255.14 Cr | 3,033.43 Cr | 4,194.35 Cr |
| Shares Outstanding | - | - | - | - | - | - | - | - | 1.32 Cr | 1.32 Cr | 1.32 Cr | 1.32 Cr |
Cash Flows (Annual)
Figures in INR.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 226.00 Cr | 256.00 Cr | 471.00 Cr | 256.00 Cr | 314.00 Cr | 409.00 Cr | 7.00 Cr | - | 531.74 Cr | 1,014.45 Cr | 1,546.47 Cr | 1,297.09 Cr |
| Investing Cash Flow | -96.00 Cr | -210.00 Cr | -621.00 Cr | -81.00 Cr | -606.00 Cr | -327.00 Cr | -333.00 Cr | - | -256.47 Cr | -197.50 Cr | -926.23 Cr | -899.84 Cr |
| Financing Cash Flow | -45.00 Cr | -37.00 Cr | 180.00 Cr | -223.00 Cr | 256.00 Cr | -20.00 Cr | 293.00 Cr | - | -206.85 Cr | -509.19 Cr | -561.84 Cr | -73.40 Cr |
| Capital Expenditure | -117.00 Cr | -237.00 Cr | -235.00 Cr | -318.00 Cr | -497.00 Cr | -458.00 Cr | -452.00 Cr | - | -259.52 Cr | -208.38 Cr | -366.90 Cr | -539.62 Cr |
| Free Cash Flow | 109.00 Cr | 19.00 Cr | 236.00 Cr | -62.00 Cr | -183.00 Cr | -49.00 Cr | -445.00 Cr | - | 272.22 Cr | 806.07 Cr | 1,179.57 Cr | 757.47 Cr |
| Net Change in Cash | 85.00 Cr | 9.00 Cr | 30.00 Cr | -47.00 Cr | -35.00 Cr | 62.00 Cr | -32.00 Cr | - | 68.42 Cr | 307.76 Cr | 58.40 Cr | 323.85 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - | - | 20.6% | 25.3% | 27.8% | 30.9% |
| Operating Margin % | 2.8% | 6.0% | 5.1% | 4.1% | 3.4% | 2.1% | -7.5% | - | 2.9% | 9.3% | 10.1% | 13.2% |
| Net Margin % | 4.3% | 5.9% | 5.9% | 4.3% | 3.9% | 1.6% | -6.2% | - | 2.7% | 5.6% | 9.9% | 13.4% |
| ROE % | 7.7% | 12.0% | 10.8% | 8.2% | 7.4% | 2.5% | -6.7% | - | 7.1% | 17.2% | 26.4% | 28.9% |
| ROCE % | - | - | - | - | - | - | - | - | 5.8% | 23.1% | 23.8% | 26.6% |
Shareholding Pattern
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for FORCEMOT
Here's Why We Think Force Motors (NSE:FORCEMOT) Is Well Worth Watching - simplywall.st
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Force Motors Ltd. Share Price Today - Force Motors Ltd. Stock Price Live NSE/BSE - CNBC TV18
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FORCEMOT Stock Price and Chart — NSE:FORCEMOT - TradingView
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FORCEMOT — Frequently Asked Questions
What is the current share price of Force Motors Limited (FORCEMOT)?
As of 2026-07-15 09:52 IST, Force Motors Limited (FORCEMOT) trades at ₹17,764.00 on NSE. Its 52-week range is ₹15,303.00 to ₹25,776.00.
What is the market capitalisation of FORCEMOT?
Force Motors Limited (FORCEMOT) has a market capitalisation of ₹23,406.31 Cr on NSE.
What is the P/E ratio of FORCEMOT?
FORCEMOT trades at a trailing price-to-earnings (P/E) ratio of 29.23. The industry average P/E is 30.43. Its price-to-book (P/B) ratio is 5.74.
Does FORCEMOT pay a dividend?
Force Motors Limited (FORCEMOT) currently offers a dividend yield of 0.22%.
What is the return on equity (ROE) of FORCEMOT?
FORCEMOT has a return on equity (ROE) of 28.89%. Its return on capital employed (ROCE) is 33.80%.
Is FORCEMOT a good stock to buy?
This page provides a data-driven analysis of Force Motors Limited (FORCEMOT), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.