FORCEMOT - Force Motors Limited Share Price

Automobiles

₹18350.00-103.00(-0.56%)

Market Closed as of Dec 24, 2025, 15:30 IST

Pros

Past Returns: Outperforming stock! In past three years, the stock has provided 139.9% return compared to 13.6% by NIFTY 50.

Smart Money: Smart money is taking extra interest in the stock as they increase their holdings.

Profitability: Recent profitability of 12% is a good sign.

Balance Sheet: Strong Balance Sheet.

Size: Market Cap wise it is among the top 20% companies of india.

Momentum: Stock price has a strong positive momentum. Stock is up 9.8% in last 30 days.

Buy Backs: Company has bought back it's stock in the past which is a good thing.

Growth: Good revenue growth. With 121.3% growth over past three years, the company is going strong.

Cons

No major cons observed.

Valuation
Market Cap	24.2 kCr
Price/Earnings (Trailing)	22.47
Price/Sales (Trailing)	2.78
EV/EBITDA	13.73
Price/Free Cashflow	36.03
MarketCap/EBT	16.83
Enterprise Value	23.79 kCr

Fundamentals
Revenue (TTM)	8.71 kCr
Rev. Growth (Yr)	8%
Earnings (TTM)	1.08 kCr
Earnings Growth (Yr)	159.7%

Profitability
Operating Margin	12%
EBT Margin	17%
Return on Equity	30.7%
Return on Assets	20.16%
Free Cashflow Yield	2.78%

Price to Sales Ratio

Latest reported: 2.8

Revenue (Last 12 mths)

Latest reported: 8.7 kCr

Net Income (Last 12 mths)

Latest reported: 1.1 kCr

Growth & Returns
Price Change 1W	7.6%
Price Change 1M	9.8%
Price Change 6M	26.7%
Price Change 1Y	175.9%
3Y Cumulative Return	139.9%
5Y Cumulative Return	68.2%

Cash Flow & Liquidity
Cash Flow from Investing (TTM)	-351.23 Cr
Cash Flow from Operations (TTM)	971.47 Cr
Cash Flow from Financing (TTM)	-561.84 Cr
Cash & Equivalents	403.4 Cr
Free Cash Flow (TTM)	604.57 Cr
Free Cash Flow/Share (TTM)	458.83

Balance Sheet
Total Assets	5.34 kCr
Total Liabilities	1.83 kCr
Shareholder Equity	3.51 kCr
Current Assets	2.8 kCr
Current Liabilities	1.54 kCr
Net PPE	1.45 kCr
Inventory	1.24 kCr
Goodwill	1 L

Capital Structure & Leverage
Debt Ratio	0.00
Debt/Equity	0.00
Interest Coverage	121.45
Interest/Cashflow Ops	58.35

Dividend & Shareholder Returns
Dividend/Share (TTM)	40
Dividend Yield	0.22%
Shares Dilution (1Y)	0.00%
Shares Dilution (3Y)	0.00%

Pros

Past Returns: Outperforming stock! In past three years, the stock has provided 139.9% return compared to 13.6% by NIFTY 50.

Smart Money: Smart money is taking extra interest in the stock as they increase their holdings.

Profitability: Recent profitability of 12% is a good sign.

Balance Sheet: Strong Balance Sheet.

Size: Market Cap wise it is among the top 20% companies of india.

Momentum: Stock price has a strong positive momentum. Stock is up 9.8% in last 30 days.

Buy Backs: Company has bought back it's stock in the past which is a good thing.

Growth: Good revenue growth. With 121.3% growth over past three years, the company is going strong.

Cons

No major cons observed.

The Good, Bad and Ugly

Growth

Profitability

Size

Dilution Rank

Balance Sheet

Momentum

Technicals

Smart Money

Insider Trading

Investor Care
Dividend Yield	0.22%
Dividend/Share (TTM)	40
Shares Dilution (1Y)	0.00%
Earnings/Share (TTM)	817.4

Financial Health
Current Ratio	1.82
Debt/Equity	0.00

Technical Indicators
RSI (14d)	61.68
RSI (5d)	96.03
RSI (21d)	64.25
MACD Signal	Buy
Stochastic Oscillator Signal	Hold
Grufity Signal	Buy
RSI Signal	Hold
RSI5 Signal	Sell
RSI21 Signal	Hold
SMA 5 Signal	Buy
SMA 10 Signal	Buy
SMA 20 Signal	Buy
SMA 50 Signal	Buy
SMA 100 Signal	Buy

Earnings Outlook

Last updated:

Q&A Session

Last updated:

Share Holdings

Understand Force Motors ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.

Holding Pattern

Major Shareholders

Share Holding Details

Shareholder Name	Holding %
Jaya Hind Industries Private Limited	57.38%
Abhaykumar Navalmal Firodia	2.01%
Prasan Abhaykumar Firodia	1.68%
Manohar Devabhaktuni	1.2%
Indira Abhaykumar Firodia	0.49%
Kamala Bansilal Bhandari	0.06%
Shyamala Navalakha	0.02%
Sunanda Sudhir Mehta	0.01%
Harsha Jain	0%
Shribala Chordia	0%
Sejal Prasan Firodia	0%
Ameya Prasan Firodia	0%
Anant Prasan Firodia	0%
Tempo Finance (West) Pvt. Ltd.	0%
Force MTU Power Systems Pvt. Ltd.	0%
Jaya Hind Montupet Pvt. Ltd.	0%
Perform Engineering Solutions Pvt. Ltd.	0%
Pinnacle Industries Limited	0%
Aicon Intalia Realty Pvt. Ltd.	0%
Instor (India) Pvt. Ltd. (earlier Kider (India) Pvt. Ltd.)	0%

Overall Distribution

Distribution across major stakeholders

Ownership Distribution

Distribution across major institutional holders

Ticker	Name	Mkt Cap	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
MARUTI	Maruti Suzuki India	5.25 LCr	1.66 LCr	+4.70%	+55.60%	35.55	3.16	-	-
M&M	Mahindra & Mahindra	4.52 LCr	1.78 LCr	-1.50%	+24.20%	28.52	2.53	-	-
EICHERMOT	Eicher Motors	2 LCr	22.89 kCr	+0.60%	+52.30%	39.19	8.75	-	-
TATAMOTORS	Tata Motors	1.32 LCr	4.16 LCr	+0.30%	-51.20%	11.45	0.32	-	-
ASHOKLEY	Ashok Leyland	1.03 LCr	51.4 kCr	+21.20%	+59.30%	34.83	2	-	-

Category	FORCEMOT	Automobiles
PE	22.47	13.14
PS	2.78	1.99
Growth	15 %	4.1 %

Key Insights

1. FORCEMOT is among the Top 10 Automobiles companies but not in Top 5.
2. The company holds a market share of 0.9% in Automobiles.
3. In last one year, the company has had an above average growth that other Automobiles companies.

Description	(%) Q/Q	Mar-2025	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020
Revenue From Operations	15.4%	8,072	6,992	5,029	3,240	1,988	3,081
Other Income	47.4%	57	39	62	52	25	43
Total Income	15.6%	8,128	7,031	5,091	3,292	2,013	3,123
Cost of Materials	13.9%	5,959	5,232	3,928	2,581	1,520	2,140
Employee Expense	11.1%	592	533	422	368	351	407
Finance costs	-59%	26	62	68	41	28	28
Depreciation and Amortization	4.9%	280	267	241	191	174	195
Other expenses	3.3%	440	426	357	186	130	182
Total Expenses	13.6%	7,285	6,412	5,008	3,405	2,177	3,034
Profit Before exceptional items and Tax	36.2%	843	619	83	-112.97	-163.9	89
Exceptional items before tax	-	395	0	208	0	0	-39.06
Total profit before tax	100.2%	1,238	619	291	-112.97	-163.9	50
Current tax	286%	441	115	52	0.09	0.1	9.05
Deferred tax	-105%	-4.07	102	86	-38.74	-52.41	-17.31
Total tax	101.9%	437	217	139	-38.65	-52.31	-8.26
Total profit (loss) for period	106.7%	801	388	134	-90.99	-123.54	50
Other comp. income net of taxes	-31%	3.9	5.2	6.69	7.71	9.82	-1.47
Total Comprehensive Income	105.1%	805	393	140	-83.28	-113.72	49
Earnings Per Share, Basic	106.7%	607.71	294.54	101.43	-69.13	-93.83	38.08
Earnings Per Share, Diluted	106.7%	607.71	294.54	101.43	-69.13	-93.83	38.08

Description	(%) Q/Q	Sep-2025	Jun-2025	Mar-2025	Dec-2024	Sep-2024	Jun-2024
Revenue From Operations	-9.4%	2,081	2,297	2,356	1,889	1,941	1,885
Other Income	-4.2%	24	25	18	15	8.57	15
Total Income	-9.3%	2,106	2,322	2,374	1,904	1,950	1,900
Cost of Materials	-9%	1,553	1,707	1,631	1,506	1,399	1,424
Employee Expense	3%	171	166	192	131	130	139
Finance costs	11.5%	0.23	0.13	7.26	4.12	5.43	9.06
Depreciation and Amortization	1.4%	71	70	72	71	69	69
Other expenses	-8.8%	104	114	118	109	102	111
Total Expenses	-12.1%	1,790	2,036	2,106	1,732	1,733	1,714
Profit Before exceptional items and Tax	10.1%	316	287	268	172	217	186
Exceptional items before tax	-	0	0	395	0	0	0
Total profit before tax	10.1%	316	287	663	172	217	186
Current tax	-49%	53	103	233	64	77	69
Deferred tax	-2753.8%	-86.04	-2.05	0.36	-1.93	-0.08	-2.42
Total tax	-134.5%	-33.52	101	233	62	76	66
Total profit (loss) for period	100%	351	176	435	115	135	116
Other comp. income net of taxes	-505.4%	-3.54	2.12	-2.02	3.8	-0.78	2.9
Total Comprehensive Income	95.5%	347	178	433	119	134	119
Earnings Per Share, Basic	99.6%	266.14	133.82	329.92	87.52	102.46	87.81
Earnings Per Share, Diluted	99.6%	266.14	133.82	329.92	87.52	102.46	87.81

Description	(%) Q/Q	Mar-2025	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020
Revenue From Operations	15.4%	8,071	6,992	5,029	3,240	-	-
Other Income	47.4%	57	39	62	52	-	-
Total Income	15.6%	8,128	7,031	5,091	3,292	-	-
Cost of Materials	13.9%	5,959	5,232	3,928	2,581	-	-
Employee Expense	11.1%	592	533	422	368	-	-
Finance costs	-59%	26	62	68	41	-	-
Depreciation and Amortization	4.9%	280	267	241	191	-	-
Other expenses	3.3%	440	426	357	186	-	-
Total Expenses	13.6%	7,285	6,412	5,008	3,405	-	-
Profit Before exceptional items and Tax	36.5%	843	618	82	-113.35	-	-
Exceptional items before tax	-	395	0	208	0	-	-
Total profit before tax	100.3%	1,237	618	291	-113.35	-	-
Current tax	286%	441	115	52	0	-	-
Deferred tax	-105%	-4.07	102	86	-38.75	-	-
Total tax	101.9%	437	217	139	-38.75	-	-
Total profit (loss) for period	99.3%	800	402	152	-74.6	-	-
Other comp. income net of taxes	-31.2%	3.87	5.17	6.64	7.65	-	-
Total Comprehensive Income	97.8%	804	407	159	-66.95	-	-
Earnings Per Share, Basic	99.5%	607.13	304.86	115.4	-56.62	-	-
Earnings Per Share, Diluted	99.5%	607.13	304.86	115.4	-56.62	-	-

Description	(%) Q/Q	Sep-2025	Jun-2025	Mar-2025	Dec-2024	Sep-2024	Jun-2024
Revenue From Operations	-9.4%	2,081	2,297	2,356	1,889	1,941	1,885
Other Income	-4.2%	24	25	18	15	8.57	15
Total Income	-9.3%	2,106	2,322	2,374	1,904	1,950	1,900
Cost of Materials	-9%	1,553	1,707	1,631	1,506	1,399	1,424
Employee Expense	3%	171	166	192	131	130	139
Finance costs	11.5%	0.23	0.13	7.26	4.12	5.43	9.06
Depreciation and Amortization	1.4%	71	70	72	71	69	69
Other expenses	-8.8%	104	114	118	109	102	111
Total Expenses	-12.1%	1,790	2,036	2,106	1,732	1,733	1,714
Profit Before exceptional items and Tax	10.1%	316	287	268	172	217	186
Exceptional items before tax	-	0	0	395	0	0	0
Total profit before tax	10.1%	316	287	663	172	217	186
Current tax	-50%	52	103	233	64	76	68
Deferred tax	-2753.8%	-86.04	-2.05	0.36	-1.93	-0.08	-2.42
Total tax	-134.6%	-33.56	101	233	62	76	66
Total profit (loss) for period	89.7%	350	185	430	110	141	120
Other comp. income net of taxes	-509%	-3.54	2.11	-2.03	3.79	-0.78	2.89
Total Comprehensive Income	85.5%	346	187	428	114	140	122
Earnings Per Share, Basic	89.3%	265.26	140.57	326.07	83.53	106.77	90.76
Earnings Per Share, Diluted	89.3%	265.26	140.57	326.07	83.53	106.77	90.76

Description	(%) Q/Q	Sep-2025	Mar-2025	Sep-2024	Mar-2024	Sep-2023	Mar-2023
Cash and cash equivalents	-20.6%	403	507	280	448	97	140
Loans, current	150%	1.38	0.24	0.66	0.02	0.95	0.38
Total current financial assets	15.8%	1,464	1,264	572	755	869	595
Inventories	4.6%	1,238	1,184	1,161	1,163	921	827
Current tax assets	-111.7%	0	9.52	0	5.68	1.69	0
Total current assets	8.7%	2,804	2,580	1,826	2,046	1,907	1,565
Property, plant and equipment	-4.9%	1,450	1,524	1,530	1,571	1,578	1,604
Capital work-in-progress	105.4%	190	93	59	26	41	39
Investment property	-3.1%	6.34	6.51	6.69	6.86	6.5	6.68
Goodwill	0%	0.01	0.01	0.01	0.01	0.01	0.01
Non-current investments	-7.8%	95	103	90	91	92	97
Loans, non-current	-100.9%	0	115	0	14	0	0
Total non-current financial assets	-50.2%	109	218	106	105	112	116
Total non-current assets	-0.6%	2,538	2,554	2,396	2,369	2,406	2,448
Total assets	4.1%	5,342	5,134	4,222	4,415	4,313	4,013
Borrowings, non-current	-394.1%	0	1.34	164	382	342	595
Total non-current financial liabilities	-65.7%	1.7	3.04	165	383	344	597
Provisions, non-current	10%	45	41	36	33	31	28
Total non-current liabilities	-22.6%	289	373	381	521	418	627
Borrowings, current	-106.7%	0	16	66	143	385	360
Total current financial liabilities	-8.4%	756	825	668	1,032	1,192	1,141
Provisions, current	5.2%	243	231	191	192	181	135
Current tax liabilities	-	15	0	1	0	0	38
Total current liabilities	-10.5%	1,544	1,725	1,357	1,636	1,867	1,509
Total liabilities	-12.6%	1,833	2,098	1,738	2,157	2,285	2,136
Equity share capital	0%	13	13	13	13	13	13
Non controlling interest	4.5%	2.39	2.33	2.27	2.21	2.14	2.09
Total equity	15.6%	3,509	3,036	2,484	2,257	2,028	1,877
Total equity and liabilities	4.1%	5,342	5,134	4,222	4,415	4,313	4,013

Description	(%) Q/Q	Sep-2025	Mar-2025	Sep-2024	Mar-2024	Sep-2023	Mar-2023
Cash and cash equivalents	-20.6%	397	500	274	442	94	137
Loans, current	150%	1.38	0.24	0.66	0.02	0.95	0.38
Total current financial assets	15.9%	1,457	1,257	565	749	862	588
Inventories	4.6%	1,238	1,184	1,161	1,163	921	827
Current tax assets	-111.7%	0	9.52	0	5.68	1.69	0
Total current assets	8.7%	2,797	2,573	1,820	2,039	1,900	1,559
Property, plant and equipment	-4.9%	1,450	1,524	1,530	1,571	1,578	1,604
Capital work-in-progress	105.4%	190	93	59	26	41	39
Investment property	-3.1%	6.34	6.51	6.69	6.86	6.5	6.68
Non-current investments	0%	178	178	175	166	161	159
Loans, non-current	-	0	0	0	0	0	0
Total non-current financial assets	-34.4%	192	292	191	180	181	178
Total non-current assets	-0.3%	2,621	2,628	2,481	2,444	2,476	2,510
Total assets	4.2%	5,418	5,202	4,300	4,483	4,376	4,069
Borrowings, non-current	-394.1%	0	1.34	164	382	342	595
Total non-current financial liabilities	-65.7%	1.7	3.04	165	383	344	597
Provisions, non-current	10%	45	41	36	33	31	28
Total non-current liabilities	-22.6%	289	373	381	521	418	627
Borrowings, current	-106.7%	0	16	66	143	385	360
Total current financial liabilities	-8.4%	756	825	668	1,032	1,192	1,141
Provisions, current	5.2%	243	231	191	192	181	135
Current tax liabilities	-	15	0	1	0	0	38
Total current liabilities	-10.5%	1,544	1,725	1,357	1,636	1,867	1,509
Total liabilities	-12.6%	1,833	2,098	1,738	2,157	2,285	2,136
Equity share capital	0%	13	13	13	13	13	13
Total equity	15.5%	3,584	3,104	2,562	2,326	2,091	1,932
Total equity and liabilities	4.2%	5,418	5,202	4,300	4,483	4,376	4,069

Description	(%) Q/Q	Mar-2025	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020
Finance costs	-59%	26	62	68	41	-	-
Change in inventories	89.9%	-33.17	-336.75	-197.07	-79.69	-	-
Depreciation	4.9%	280	267	241	191	-	-
Unrealised forex losses/gains	-41.4%	0.59	0.71	12	-2.5	-	-
Dividend income	9.7%	0.35	0.28	0.17	0.07	-	-
Adjustments for interest income	247%	23	7.34	0.75	0.14	-	-
Net Cashflows from Operations	2.1%	1,191	1,166	535	16	-	-
Income taxes paid (refund)	45%	220	152	3.43	-2.39	-	-
Net Cashflows From Operating Activities	-4.2%	971	1,014	532	18	-	-
Proceeds from sales of PPE	-66.1%	1.85	3.51	2.01	66	-	-
Purchase of property, plant and equipment	76.8%	367	208	260	407	-	-
Purchase of other long-term assets	-	2.69	0	0	0	-	-
Dividends received	9.7%	0.35	0.28	0.17	0.07	-	-
Interest received	146.3%	16	7.09	0.87	0.09	-	-
Net Cashflows From Investing Activities	-77.4%	-351.23	-197.5	-256.47	-363.56	-	-
Proceeds from borrowings	-	0	0	0	429	-	-
Repayments of borrowings	17.9%	508	431	121	0	-	-
Dividends paid	108.3%	26	13	13	6.59	-	-
Interest paid	-57.8%	28	65	72	40	-	-
Net Cashflows from Financing Activities	-10.3%	-561.84	-509.19	-206.85	383	-	-
Effect of exchange rate on cash eq.	-1%	0	0.01	-0.02	0.63	-	-
Net change in cash and cash eq.	-81.4%	58	308	68	38	-	-

Finance costs	-59%
Change in inventories	89.9%
Depreciation	4.9%
Unrealised forex losses/gains	-41.4%
Dividend income	9.7%
Adjustments for interest income	247%
Net Cashflows from Operations	2.4%
Income taxes paid (refund)	45%
Net Cashflows From Operating Activities	-4%
Proceeds from sales of PPE	-66.1%
Purchase of property, plant and equipment	76.8%
Purchase of other long-term assets	-
Dividends received	9.7%
Interest received	146.3%
Net Cashflows From Investing Activities	-77.4%
Proceeds from borrowings	-
Repayments of borrowings	17.9%
Dividends paid	108.3%
Interest paid	-57.8%
Net Cashflows from Financing Activities	-10.3%
Effect of exchange rate on cash eq.	-1%
Net change in cash and cash eq.	-81.2%

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, and multi utility vehicles; special utility vehicles, which include off-roaders / recreation vehicles and military vehicles; and agricultural tractors. It also 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.

Industry Group:Automobiles

Employees:4,473

Website:www.forcemotors.com

Important Disclosure & Data Context

This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.

FORCEMOT - Force Motors Limited Share Price

Valuation

Fundamentals

Profitability

Price to Sales Ratio

Revenue (Last 12 mths)

Net Income (Last 12 mths)

Growth & Returns

Cash Flow & Liquidity

Balance Sheet

Capital Structure & Leverage

Dividend & Shareholder Returns

Investor Care

Financial Health

Technical Indicators

Share Holdings

Holding Pattern

Share Holding Details

Overall Distribution

Ownership Distribution

What does Force Motors Limited do?

Important Disclosure & Data Context

FORCEMOT - Force Motors Limited Share Price

FORCEMOT

Valuation

Fundamentals

Profitability

Price to Sales Ratio

Revenue (Last 12 mths)

Net Income (Last 12 mths)

Growth & Returns

Cash Flow & Liquidity

Balance Sheet

Capital Structure & Leverage

Dividend & Shareholder Returns

FORCEMOT

Investor Care

Financial Health

Technical Indicators

Share Holdings

Holding Pattern

Share Holding Details

Overall Distribution

Ownership Distribution

What does Force Motors Limited do?

Important Disclosure & Data Context

FORCEMOT

FORCEMOT