Force Motors

Why is Force Motors Ltd falling/rising?

As of 31-Aug, Force Motors Ltd's stock price is rising to 17,550.00, following a trend reversal after previous declines. Despite a year-to-date drop, the company shows strong long-term growth and positive financial metrics, indicating potential undervaluation despite reduced investor participation.

As of 31-Aug, Force Motors Ltd's stock price is rising, currently at 17,550.00, reflecting an increase of 195.0 (1.12%). This upward movement follows a trend reversal after two consecutive days of decline. The stock has outperformed its sector by 1.11% today, indicating a positive shift in investor sentiment.<BR><BR>Despite a year-to-date decline of 14.63% and a one-year drop of 9.92%, the company has demonstrated strong long-term growth, with net sales increasing at an annual rate of 30.38% and operating profit rising by 75.09%. Additionally, the company has reported positive results for the last 16 consecutive quarters, with a profit after tax of Rs 495.08 crore, marking a growth of 39.78%. <BR><BR>The stock's current performance is also supported by its healthy return on capital employed (ROCE) of 31.18% and a high inventory turnover ratio of 7.20 times. Although the stock is trading at a premium compared to its peers, its price-to-earnings growth (PEG) ratio of 0.3 suggests that it may be undervalued relative to its earnings growth potential.<BR><BR>However, it is important to note that there has been a decline in investor participation, with delivery volume falling by 19.2% against the five-day average. Despite this, the stock remains liquid enough for trading, indicating that there is still sufficient interest among investors. Overall, the combination of recent positive performance, strong financial metrics, and a trend reversal contributes to the current rise in Force Motors Ltd's stock price.

Who are in the management team of Force Motors?

The management team of Force Motors includes key members such as Abhay Firodia (Chairman & Managing Director), Prasan Firodia (Managing Director), and several independent directors. They oversee the company's operations and strategic direction.

The management team of Force Motors includes the following key members:<BR><BR>1. **Abhay Firodia** - Chairman & Managing Director<BR>2. **Prasan Firodia** - Managing Director<BR>3. **Pratap Pawar** - Independent Director<BR>4. **S Padmanabhan** - Independent Director<BR>5. **Arun Sheth** - Independent Director<BR>6. **Nitin Desai** - Independent Director<BR>7. **Indira Parikh** - Independent Director<BR>8. **Prashant V Inamdar** - Director (Operation)<BR>9. **Arvind R Mahajan** - Independent Director<BR>10. **D B Shekatkar** - Independent Director<BR>11. **Vallabh Bhanshali** - Additional Independent Director<BR>12. **Mukesh Patel** - Additional Independent Director<BR>13. **Sonia Prashar** - Additional Director<BR>14. **Nikhil Deshpande** - Company Secretary & Compliance Officer<BR><BR>This team is responsible for overseeing the operations and strategic direction of the company.

What does Force Motors do?

Force Motors Ltd is an Indian automobile manufacturer, established in 1958, specializing in small-cap vehicles. As of June 2026, it reported net sales of ₹2,440 Cr and a net profit of ₹217 Cr, with a market cap of ₹22,624 Cr.

Overview:<BR>Force Motors Ltd is an automobile manufacturer operating in the small-cap segment of the industry.<BR><BR>History:<BR>Incorporated in 1958 as Baja Tempo Limited, the company changed its name to Force Motors Limited on March 3, 2005. The latest quarterly results reported net sales and profit for June 2026.<BR><BR>Financial Snapshot:<BR>Net Sales: 2,440 Cr (Quarterly Results - Jun 2026) <BR>Net Profit: 217 Cr (Quarterly Results - Jun 2026) <BR>Market Cap: INR 22,624 Cr (Small Cap)<BR><BR>Key Metrics:<BR>P/E: 21.00 <BR>Industry P/E: 29 <BR>Dividend Yield: 0.23% <BR>Debt Equity: -0.20 <BR>Return on Equity: 25.12% <BR>Price to Book: 5.45 <BR><BR>Contact Details:<BR>Address: Mumbai-Pune Road, Akurdi Pune Maharashtra : 411035 <BR>Tel: 91-20-27476381 <BR>Email: compliance-officer@forcemotors.com <BR>Website: http://www.forcemotors.com

Who are the peers of the Force Motors?

Force Motors' peers include Tata Motors PVeh, Hero MotoCorp, Ashok Leyland, Ather Energy, Escorts Kubota, Ola Electric, BEML Ltd, Action Const.Eq., Olectra Greentec, and SML Mahindra. In terms of management risk, growth, and capital structure, Ather Energy and Hero MotoCorp stand out positively, while Force Motors shows average performance across these metrics.

Peers: The peers of Force Motors are Tata Motors PVeh, Hero MotoCorp, Ashok Leyland, Ather Energy, Escorts Kubota, Ola Electric, BEML Ltd, Action Const.Eq., Olectra Greentec, and SML Mahindra.<BR><BR>Quality Snapshot: Excellent management risk is observed at Hero MotoCorp and Action Const.Eq., while Good management risk is found at Tata Motors PVeh, Ashok Leyland, Escorts Kubota, and Olectra Greentec, and Average management risk is noted at Force Motors, BEML Ltd, and SML Mahindra. For Growth, Ather Energy stands out with Excellent growth, while Ashok Leyland and Force Motors exhibit Excellent growth as well, and Average growth is seen at Hero MotoCorp and Ather Energy, with Below Average growth at Tata Motors PVeh, Escorts Kubota, Ola Electric, and the rest. In terms of Capital Structure, Excellent capital structure is noted at Hero MotoCorp and Action Const.Eq., while Average capital structure is seen at Force Motors, Tata Motors PVeh, and BEML Ltd, and Below Average capital structure is found at Ashok Leyland, Ather Energy, and the rest.<BR><BR>Return Snapshot: Ather Energy has the highest 1-year return at 273.18%, while Escorts Kubota has the lowest at -16.18%, with Force Motors' own 1-year return at -9.92% being higher than that of Escorts Kubota but lower than Ather Energy. Additionally, the six-month return is negative for Tata Motors PVeh, Escorts Kubota, Force Motors, and Olectra Greentec.

Which are the latest news on Force Motors?

Should I buy, sell or hold Force Motors Ltd?

How big is Force Motors?

As of 14th August, Force Motors Ltd has a market capitalization of 24,140.23 Cr, with recent net sales of 9,199.81 Cr and a net profit of 1,251.86 Cr. Shareholder's funds are 3,033.43 Cr and total assets amount to 5,133.98 Cr.

As of 14th August, Force Motors Ltd has a market capitalization of 24,140.23 Cr, categorizing it as a Small Cap company.<BR><BR>In the latest four quarters, Force Motors reported Net Sales of 9,199.81 Cr and a Net Profit of 1,251.86 Cr.<BR><BR>The latest annual period for the balance sheet is March 2025, with Shareholder's Funds amounting to 3,033.43 Cr and Total Assets of 5,133.98 Cr.

Are Force Motors Ltd latest results good or bad?

Force Motors Ltd's latest results show mixed performance: while revenue grew 6.21% year-on-year to ₹2,440.01 crores and net profit increased 22.82% year-on-year, operating margins contracted significantly, raising concerns about profitability. Overall, the sentiment is cautious, with a "SELL" rating reflecting challenges ahead.

Force Motors Ltd's latest results present a mixed picture for investors. On one hand, the company reported a revenue growth of 6.21% year-on-year, reaching ₹2,440.01 crores. This indicates some level of demand stability. However, the operating margins have contracted significantly, dropping to 13.43% from 14.45% in the same quarter last year and from 16.25% in the previous quarter. This margin compression raises concerns about the sustainability of profitability.<BR><BR>Net profit for the quarter stood at ₹216.56 crores, which is a positive year-on-year increase of 22.82%. However, it reflects a substantial decline of 22.25% compared to the previous quarter. The profit after tax (PAT) margin improved slightly to 8.88% year-on-year but also decreased from 10.92% sequentially.<BR><BR>The overall sentiment surrounding the company is cautious, as indicated by a "SELL" rating based on its Mojo Score of 47 out of 100. The combination of declining margins, bearish technical indicators, and a deteriorating stock price trend suggests that while there are some positive aspects, the challenges facing Force Motors are significant. Investors may want to approach this stock with caution, particularly given the operational headwinds and market sentiment.

When is the next results date for Force Motors Ltd?

The next results date for Force Motors Ltd is April 29, 2026.

The next results date for Force Motors Ltd is scheduled for April 29, 2026.

Is Force Motors technically bullish or bearish?

As of December 2, 2025, the trend is mildly bullish due to daily moving averages indicating momentum, but mixed signals from weekly indicators and a lack of clarity in Dow Theory suggest caution.

As of 2 December 2025, the technical trend has changed from bullish to mildly bullish. The current stance is mildly bullish, driven by the daily moving averages indicating bullish momentum, while the weekly MACD and KST show mildly bearish signals. The monthly MACD and Bollinger Bands remain bullish, suggesting potential for upward movement. However, the overall strength is tempered by the mixed signals from the weekly indicators and the lack of a clear trend in Dow Theory on a monthly basis.

Is Force Motors overvalued or undervalued?

As of November 17, 2025, Force Motors is considered undervalued with a PE ratio of 28.27 and strong growth potential, outperforming peers and the Sensex with a year-to-date increase of 170.08%.

As of 17 November 2025, the valuation grade for Force Motors has moved from expensive to attractive, indicating a significant shift in its market perception. The company is currently considered undervalued, with a PE ratio of 28.27, an EV to EBITDA of 18.07, and a PEG ratio of 0.39, which suggests strong growth potential relative to its price. <BR><BR>In comparison with peers, Ashok Leyland has a PE ratio of 25.85 and an EV to EBITDA of 13.29, while SML Mahindra is at 29.17 for PE and 17.01 for EV to EBITDA, highlighting that Force Motors offers a more favorable valuation despite its higher PE ratio. Notably, Force Motors has demonstrated impressive returns, with a year-to-date increase of 170.08%, significantly outperforming the Sensex's 8.72% during the same period.

How has been the historical performance of Force Motors?

Force Motors has shown significant growth from March 2022 to March 2025, with net sales increasing from ₹3,240.42 crore to ₹8,071.73 crore, and a turnaround in profitability from losses to a profit after tax of ₹800.34 crore. The company's operating profit also rose substantially, indicating strong operational performance and enhanced shareholder value.

Answer:<BR>The historical performance of Force Motors shows a significant upward trend in net sales and profitability over the past few years, culminating in the fiscal year ending March 2025.<BR><BR>Breakdown:<BR>Force Motors has demonstrated robust growth in net sales, increasing from 3,240.42 crore in March 2022 to 8,071.73 crore in March 2025. This growth is reflected in the total operating income, which also rose from 3,240.42 crore in March 2022 to 8,071.73 crore in March 2025. The company has managed to improve its operating profit (PBDIT) significantly, from 67.13 crore in March 2022 to 1,149.28 crore in March 2025, indicating a strong operational performance. Profit before tax has turned around from a loss of 112.97 crore in March 2022 to a profit of 1,237.74 crore in March 2025, while profit after tax has similarly improved from a loss of 74.32 crore in March 2022 to a profit of 800.34 crore in March 2025. The earnings per share (EPS) have also surged from -69.04 in March 2022 to 607.54 in March 2025, showcasing enhanced shareholder value. On the balance sheet, total assets increased from 3,566.87 crore in March 2022 to 5,133.98 crore in March 2025, while total liabilities rose from 3,566.87 crore to 5,133.98 crore during the same period. The cash flow from operating activities has remained positive, with a notable cash flow of 971 crore in March 2025, contributing to a closing cash and cash equivalent of 506 crore. Overall, Force Motors has shown a strong recovery and growth trajectory in its financial performance over the years.

Who are the top shareholders of the Force Motors?

The top shareholders of Force Motors include Jaya Hind Industries Private Limited with 57.38%, followed by 156 Foreign Institutional Investors holding 8.35%, and mutual funds with 0.75%. Individual investors collectively own 22.73%, with Vanaja Sundar Iyer as the highest public shareholder at 1.33%.

The top shareholders of Force Motors include Jaya Hind Industries Private Limited, which holds the largest stake at 57.38%. The company is primarily controlled by its promoters, with no pledged promoter holdings reported. Additionally, there are 156 Foreign Institutional Investors (FIIs) holding 8.35% of the shares, and mutual funds are represented by 6 schemes with a combined holding of 0.75%. The highest public shareholder is Vanaja Sundar Iyer, who owns 1.33%. Individual investors collectively hold 22.73% of the shares.

Has Force Motors declared dividend?

Yes, Force Motors Ltd has declared a 200% dividend, amounting to ₹20 per share, with an ex-date of August 28, 2024. The company has shown strong price appreciation over various periods, with total returns reaching up to 1265.45% over five years.

Force Motors Ltd has declared a 200% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 200%<BR>- Amount per share: 20<BR>- Ex-date: 28 Aug 2024<BR><BR>Dividend Yield: 0.16%.<BR><BR>Total Returns by Period:<BR>In the last 6 months, the price return was 82.25%, with no dividend return, resulting in a total return of 82.25%.<BR><BR>Over the past year, the price return was 48.69%, with a dividend return of 0.22%, leading to a total return of 48.91%.<BR><BR>In two years, the price return reached 493.46%, with a dividend return of 0.91%, culminating in a total return of 494.37%.<BR><BR>For the three-year period, the price return was 1090.02%, while the dividend return was 3.22%, resulting in a total return of 1093.24%.<BR><BR>In four years, the price return was 953.07%, with a dividend return of 2.85%, yielding a total return of 955.92%.<BR><BR>Over five years, the price return was 1260.8%, with a dividend return of 4.65%, leading to a total return of 1265.45%.<BR><BR>Overall, Force Motors has declared a significant dividend, and the total returns across various periods indicate strong price appreciation, particularly over the longer term, suggesting a positive performance trajectory for the company.