FORCEMOT - Force Motors Limited Share Price

Automobiles

₹9013.50-148.00(-1.62%)

Market Closed as of Apr 28, 2025, 15:30 IST

What does Force Motors Limited do?

Passenger Cars & Utility Vehicles•Automobile and AutoComponents•Small Cap

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

Valuation
Market Cap	11.88 kCr
Price/Earnings (Trailing)	23.45
Price/Sales (Trailing)	1.53
EV/EBITDA	10.84
Price/Free Cashflow	10.96
MarketCap/EBT	15.11

Fundamentals
Revenue (TTM)	7.78 kCr
Rev. Growth (Yr)	12.31%
Rev. Growth (Qtr)	-2.33%
Earnings (TTM)	506.41 Cr
Earnings Growth (Yr)	35%
Earnings Growth (Qtr)	-14.59%

Profitability
Operating Margin	10.1%
EBT Margin	10.1%
Return on Equity	20.39%
Return on Assets	11.99%
Free Cashflow Yield	9.13%

Cash Flow for Force Motors

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022
Finance costs	-9%	62	68	41
Change in inventories	-70.5%	-336.75	-197.07	-79.69
Depreciation	10.8%	267	241	191
Unrealised forex losses/gains	-102.6%	0.71	12	-2.5
Dividend income	13.3%	0.28	0.17	0.07
Adjustments for interest income	2636%	7.34	0.75	0.14
Net Cashflows from Operations	118.2%	1,166	535	16
Income taxes paid (refund)	6114%	152	3.43	-2.39
Net Cashflows From Operating Activities	90.8%	1,014	532	18
Proceeds from sales of PPE	148.5%	3.51	2.01	66
Purchase of property, plant and equipment	-20.1%	208	260	407
Dividends received	13.3%	0.28	0.17	0.07
Interest received	4784.6%	7.09	0.87	0.09
Net Cashflows From Investing Activities	22.9%	-197.5	-256.47	-363.56
Proceeds from borrowings	-	0	0	429
Repayments of borrowings	258.3%	431	121	0
Dividends paid	0%	13	13	6.59
Interest paid	-9.9%	65	72	40
Net Cashflows from Financing Activities	-145.5%	-509.19	-206.85	383
Effect of exchange rate on cash eq.	2.9%	0.01	-0.02	0.63
Net change in cash and cash eq.	358.2%	308	68	38

Standalone figures (in Rs. Crores) / View Consolidated Data

Finance costs	-9%
Change in inventories	-70.5%
Depreciation	10.8%
Unrealised forex losses/gains	-102.6%
Dividend income	13.3%
Adjustments for interest income	2636%
Net Cashflows from Operations	117.6%
Income taxes paid (refund)	6408.6%
Net Cashflows From Operating Activities	90.6%
Proceeds from sales of PPE	148.5%
Purchase of property, plant and equipment	-20.1%
Dividends received	13.3%
Interest received	4784.6%
Net Cashflows From Investing Activities	22.9%
Proceeds from borrowings	-
Repayments of borrowings	258.3%
Dividends paid	0%
Interest paid	-9.9%
Net Cashflows from Financing Activities	-145.5%
Effect of exchange rate on cash eq.	2.9%
Net change in cash and cash eq.	353.7%

Ticker	Name	Mkt Cap	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
MARUTI	Maruti Suzuki IndiaPassenger Cars & Utility Vehicles	3.71 LCr	1.55 LCr	-0.68%	-9.81%	25.52	2.39	+12.10%	+19.51%
M&M	Mahindra & MahindraPassenger Cars & Utility Vehicles	3.64 LCr	1.54 LCr	+4.45%	+36.60%	26.69	2.37	+11.21%	+12.46%
TATAMOTORS	Tata MotorsPassenger Cars & Utility Vehicles	2.46 LCr	4.49 LCr	-7.48%	-34.56%	7.62	0.55	+4.54%	+63.08%
EICHERMOT	Eicher Motors2/3 Wheelers	1.54 LCr	19.11 kCr	+3.19%	+20.81%	34.69	8.06	+12.04%	+15.81%
ASHOKLEY	Ashok LeylandCommercial Vehicles	66.79 kCr	47.69 kCr	+4.73%	+26.70%	21.75	1.4	+4.69%	+19.69%

The Good, Bad and Ugly

Growth

Profitability

Size

Dilution Rank

Balance Sheet

Momentum

Technicals

Smart Money

Insider Trading

Category	FORCEMOT	Automobiles
PE	23.73	19.83
PS	1.54	1.69
Growth	19.1 %	4.9 %

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

As of 2025-03-31

Shareholder Name	Holding %
Jaya Hind Industries Private Limited	57.38%
Abhaykumar Navalmal Firodia	2.01%
Prasan Abhaykumar Firodia	1.68%
Vanaja Sundar Iyer	1.33%
Manohar Devabhaktuni	1.2%
Point Break Capital Lp	1.07%
Indira Abhaykumar Firodia	0.49%
Bodies Corporate	0.13%
Kamala Bansilal Bhandari	0.06%
Shyamala Navalakha	0.02%
Sunanda Sudhir Mehta	0.01%
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%
VDL Pinnacle Engineering India Pvt. Ltd.	0%
CB Services India Pvt. Ltd.	0%

Overall Distribution

Distribution across major stakeholders

Ownership Distribution

Distribution across major institutional holders

Investor Care
Dividend Yield	0.41%
Dividend/Share (TTM)	30
Shares Dilution (1Y)	0.00%
Diluted EPS (TTM)	384.24

Financial Health
Current Ratio	1.35
Debt/Equity	0.09
Debt/Cashflow	4.43

Balance Sheet for Force Motors

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022	Mar-2022
Cash and cash equivalents	-38.1%	274	442	94	137	78	70
Loans, current	65.3%	0.66	0.02	0.95	0.38	1.09	0.55
Total current financial assets	-24.6%	565	749	862	588	320	262
Inventories	-0.2%	1,161	1,163	921	827	722	637
Current tax assets	-121.4%	0	5.68	1.69	0	9.79	10
Total current assets	-10.7%	1,820	2,039	1,900	1,559	1,326	1,021
Property, plant and equipment	-2.6%	1,530	1,571	1,578	1,604	1,582	1,569
Capital work-in-progress	132%	59	26	41	39	143	156
Investment property	-2.9%	6.69	6.86	6.5	6.68	4.93	5.06
Non-current investments	5.5%	175	166	161	159	158	154
Loans, non-current	-	0	0	0	0	0.03	16
Total non-current financial assets	6.1%	191	180	181	178	176	169
Total non-current assets	1.5%	2,481	2,444	2,476	2,510	2,671	2,677
Total assets	-4.1%	4,300	4,483	4,376	4,069	3,998	3,698
Borrowings, non-current	-57.2%	164	382	342	595	523	601
Total non-current financial liabilities	-57.1%	165	383	344	597	524	601
Provisions, non-current	9.4%	36	33	31	28	26	27
Total non-current liabilities	-26.9%	381	521	418	627	551	628
Borrowings, current	-54.2%	66	143	385	360	468	468
Total current financial liabilities	-35.3%	668	1,032	1,192	1,141	1,129	1,048
Provisions, current	-0.5%	191	192	181	135	156	128
Current tax liabilities	-	1	0	0	38	0	0
Total current liabilities	-17.1%	1,357	1,636	1,867	1,509	1,658	1,283
Total liabilities	-19.4%	1,738	2,157	2,285	2,136	2,209	1,911
Equity share capital	0%	13	13	13	13	13	13
Total equity	10.2%	2,562	2,326	2,091	1,932	1,789	1,787
Total equity and liabilities	-4.1%	4,300	4,483	4,376	4,069	3,998	3,698

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022	Mar-2022
Cash and cash equivalents	-37.6%	280	448	97	140	81	72
Loans, current	65.3%	0.66	0.02	0.95	0.38	1.09	0.55
Total current financial assets	-24.3%	572	755	869	595	326	268
Inventories	-0.2%	1,161	1,163	921	827	722	637
Current tax assets	-121.4%	0	5.68	1.69	0	9.79	11
Total current assets	-10.8%	1,826	2,046	1,907	1,565	1,332	1,027
Property, plant and equipment	-2.6%	1,530	1,571	1,578	1,604	1,582	1,569
Capital work-in-progress	132%	59	26	41	39	143	156
Investment property	-2.9%	6.69	6.86	6.5	6.68	4.93	5.06
Goodwill	0%	0.01	0.01	0.01	0.01	0.01	0.01
Non-current investments	-1.1%	90	91	92	97	110	111
Loans, non-current	-107.7%	0	14	0	0	0.03	16
Total non-current financial assets	1%	106	105	112	116	128	126
Total non-current assets	1.1%	2,396	2,369	2,406	2,448	2,624	2,634
Total assets	-4.4%	4,222	4,415	4,313	4,013	3,956	3,661
Borrowings, non-current	-57.2%	164	382	342	595	523	601
Total non-current financial liabilities	-57.1%	165	383	344	597	524	601
Provisions, non-current	9.4%	36	33	31	28	26	27
Total non-current liabilities	-26.9%	381	521	418	627	551	628
Borrowings, current	-54.2%	66	143	385	360	468	468
Total current financial liabilities	-35.3%	668	1,032	1,192	1,141	1,129	1,048
Provisions, current	-0.5%	191	192	181	135	156	128
Current tax liabilities	-	1	0	0	38	0	0
Total current liabilities	-17.1%	1,357	1,636	1,867	1,509	1,658	1,283
Total liabilities	-19.4%	1,738	2,157	2,285	2,136	2,209	1,911
Equity share capital	0%	13	13	13	13	13	13
Non controlling interest	5%	2.27	2.21	2.14	2.09	2.04	1.99
Total equity	10.1%	2,484	2,257	2,028	1,877	1,747	1,750
Total equity and liabilities	-4.4%	4,222	4,415	4,313	4,013	3,956	3,661

Income Statement for Force Motors

Standalone figures (in Rs. Crores) / View Consolidated Data

QuarterlyAnnual

Description	(%) Q/Q	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Revenue From Operations	-2.7%	1,889	1,941	1,885	2,011	1,692	1,802
Other Income	84.9%	15	8.57	15	15	3.97	9.06
Total Income	-2.4%	1,904	1,950	1,900	2,026	1,696	1,811
Cost of Materials	7.7%	1,506	1,399	1,424	1,460	1,274	1,399
Employee Expense	0.8%	131	130	139	160	129	124
Finance costs	-29.6%	4.12	5.43	9.06	14	14	16
Depreciation and Amortization	2.9%	71	69	69	68	68	67
Other expenses	6.9%	109	102	111	122	112	101
Total Expenses	-0.1%	1,732	1,733	1,714	1,815	1,550	1,660
Profit Before exceptional items and Tax	-20.8%	172	217	186	211	146	151
Exceptional items before tax	-	0	0	0	0	0	0
Total profit before tax	-20.8%	172	217	186	211	146	151
Current tax	-16%	64	76	68	44	26	26
Deferred tax	-171.3%	-1.93	-0.08	-2.42	30	26	27
Total tax	-18.7%	62	76	66	74	51	53
Total profit (loss) for period	-22.1%	110	141	120	137	95	98
Other comp. income net of taxes	256.7%	3.79	-0.78	2.89	2.47	1.35	-1.49
Total Comprehensive Income	-18.7%	114	140	122	139	96	97
Earnings Per Share, Basic	-22%	83.53	106.77	90.76	103.76	71.91	74.57
Earnings Per Share, Diluted	-22%	83.53	106.77	90.76	103.76	71.91	74.57

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020	Mar-2019
Revenue From Operations	39%	6,992	5,029	3,240	-	-	-
Other Income	-37.7%	39	62	52	-	-	-
Total Income	38.1%	7,031	5,091	3,292	-	-	-
Cost of Materials	33.2%	5,232	3,928	2,581	-	-	-
Employee Expense	26.4%	533	422	368	-	-	-
Finance costs	-9%	62	68	41	-	-	-
Depreciation and Amortization	10.8%	267	241	191	-	-	-
Other expenses	19.4%	426	357	186	-	-	-
Total Expenses	28%	6,412	5,008	3,405	-	-	-
Profit Before exceptional items and Tax	661.7%	618	82	-113.35	-	-	-
Exceptional items before tax	-100.5%	0	208	0	-	-	-
Total profit before tax	112.8%	618	291	-113.35	-	-	-
Current tax	123.5%	115	52	0	-	-	-
Deferred tax	18.8%	102	86	-38.75	-	-	-
Total tax	56.5%	217	139	-38.75	-	-	-
Total profit (loss) for period	165.6%	402	152	-74.6	-	-	-
Other comp. income net of taxes	-26.1%	5.17	6.64	7.65	-	-	-
Total Comprehensive Income	157%	407	159	-66.95	-	-	-
Earnings Per Share, Basic	165.6%	304.86	115.4	-56.62	-	-	-
Earnings Per Share, Diluted	165.6%	304.86	115.4	-56.62	-	-	-

Consolidated figures (in Rs. Crores) / View Standalone Data

QuarterlyAnnual

Description	(%) Q/Q	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Revenue From Operations	-2.7%	1,889	1,941	1,885	2,011	1,692	1,802
Other Income	84.9%	15	8.57	15	15	3.97	9.06
Total Income	-2.4%	1,904	1,950	1,900	2,026	1,696	1,811
Cost of Materials	7.7%	1,506	1,399	1,424	1,460	1,274	1,399
Employee Expense	0.8%	131	130	139	160	129	124
Finance costs	-29.6%	4.12	5.43	9.06	14	14	16
Depreciation and Amortization	2.9%	71	69	69	68	68	67
Other expenses	6.9%	109	102	111	122	112	101
Total Expenses	-0.1%	1,732	1,733	1,714	1,815	1,550	1,660
Profit Before exceptional items and Tax	-20.8%	172	217	186	211	146	151
Exceptional items before tax	-	0	0	0	0	0	0
Total profit before tax	-20.8%	172	217	186	211	146	151
Current tax	-17.1%	64	77	69	44	26	26
Deferred tax	-171.3%	-1.93	-0.08	-2.42	30	26	27
Total tax	-18.7%	62	76	66	74	51	53
Total profit (loss) for period	-14.9%	115	135	116	140	85	94
Other comp. income net of taxes	257.3%	3.8	-0.78	2.9	2.46	1.36	-1.47
Total Comprehensive Income	-11.3%	119	134	119	143	87	92
Earnings Per Share, Basic	-14.7%	87.52	102.46	87.81	106.45	64.823	71.23
Earnings Per Share, Diluted	-14.7%	87.52	102.46	87.81	106.45	64.823	71.23

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020	Mar-2019
Revenue From Operations	39%	6,992	5,029	3,240	1,988	3,081	3,652
Other Income	-37.7%	39	62	52	25	43	82
Total Income	38.1%	7,031	5,091	3,292	2,013	3,123	3,734
Cost of Materials	33.2%	5,232	3,928	2,581	1,520	2,140	2,815
Employee Expense	26.4%	533	422	368	351	407	418
Finance costs	-9%	62	68	41	28	28	15
Depreciation and Amortization	10.8%	267	241	191	174	195	151
Other expenses	19.4%	426	357	186	130	182	175
Total Expenses	28%	6,412	5,008	3,405	2,177	3,034	3,540
Profit Before exceptional items and Tax	653.7%	619	83	-112.97	-163.9	89	194
Exceptional items before tax	-100.5%	0	208	0	0	-39.06	0
Total profit before tax	113.1%	619	291	-112.97	-163.9	50	194
Current tax	123.5%	115	52	0.09	0.1	9.05	42
Deferred tax	18.8%	102	86	-38.74	-52.41	-17.31	4.88
Total tax	56.5%	217	139	-38.65	-52.31	-8.26	47
Total profit (loss) for period	191%	388	134	-90.99	-123.54	50	143
Other comp. income net of taxes	-26.2%	5.2	6.69	7.71	9.82	-1.47	4.77
Total Comprehensive Income	182%	393	140	-83.28	-113.72	49	148
Earnings Per Share, Basic	192.3%	294.54	101.43	-69.13	-93.83	38.08	108.85
Earnings Per Share, Diluted	192.3%	294.54	101.43	-69.13	-93.83	38.08	108.85

FORCEMOT - Force Motors Limited Share Price

What does Force Motors Limited do?

Valuation

Fundamentals

Profitability

Cash Flow for Force Motors

Is Force Motors Better than it's peers?

Sector Comparison: FORCEMOT vs Automobiles

Comparative Metrics

Performance Comparison

Share Holdings

Holding Pattern

Share Holding Details

Overall Distribution

Ownership Distribution

Investor Care

Financial Health

Balance Sheet for Force Motors

Income Statement for Force Motors

Price to Sales Ratio

Revenue (Last 12 mths)

Net Income (Last 12 mths)