Force Motors

Why is Force Motors Ltd falling/rising?

As of 01-Jul, Force Motors Ltd's stock is experiencing a decline of 1.33%, despite outperforming the Sensex over the past week. While the stock has strong fundamentals and historical performance, recent short-term market dynamics have negatively impacted its price.

As of 01-Jul, Force Motors Ltd's stock price is currently falling, as indicated by a change of -247.8 points, which represents a decline of 1.33%. This downward movement occurs despite the stock having outperformed the Sensex over the past week with a gain of 2.17%, while the Sensex itself has only increased by 0.09%. However, the stock has underperformed its sector today by 3.11%.<BR><BR>In terms of longer-term performance, the stock has seen a decline of 3.12% over the past month and a significant drop of 10.85% year-to-date, although it has generated a notable return of 24.24% over the past year. The stock's current price is higher than its 5-day and 20-day moving averages but lower than its 50-day, 100-day, and 200-day moving averages, suggesting a mixed technical outlook.<BR><BR>Despite these challenges, there are positive indicators such as rising investor participation, with a delivery volume increase of 45.57% against the 5-day average. The company has demonstrated healthy long-term growth, with net sales growing at an annual rate of 35.49% and operating profit at 56.05%. The stock is also trading at a fair valuation with a Price to Book Value of 5.8, and it has consistently delivered positive results for the last 15 quarters.<BR><BR>Overall, while Force Motors Ltd has strong fundamentals and has performed well historically, the recent price decline can be attributed to short-term market dynamics and sector performance, overshadowing its long-term growth potential.

Which are the latest news on Force Motors?

How big is Force Motors?

As of 10th June, Force Motors Ltd has a market capitalization of 23,376.00 Cr, with recent net sales of 9,057.05 Cr and a net profit of 1,211.63 Cr. The latest balance sheet shows shareholder's funds of 3,033.43 Cr and total assets of 5,133.98 Cr.

As of 10th June, Force Motors Ltd has a market capitalization of 23,376.00 Cr, categorizing it as a Small Cap company.<BR><BR>In the latest four quarters, Force Motors reported Net Sales of 9,057.05 Cr and a Net Profit of 1,211.63 Cr.<BR><BR>The latest annual period for the balance sheet is March 2025, showing Shareholder's Funds of 3,033.43 Cr and Total Assets of 5,133.98 Cr.

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, all of whom guide the company's strategic direction and operations.

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 plays a crucial role in guiding the company's strategic direction and operations.

Who are the peers of the Force Motors?

Force Motors' peers include Hero MotoCorp, Ashok Leyland, Ather Energy, Escorts Kubota, Ola Electric, BEML Ltd, Olectra Greentec, Action Const.Eq., and Ajax Engineering. In terms of management risk, growth, and capital structure, Force Motors is rated as good, with a 1-year return of 41.16%.

Peers: The peers of Force Motors are Hero MotoCorp, Ashok Leyland, Ather Energy, Escorts Kubota, Ola Electric, BEML Ltd, Olectra Greentec, Action Const.Eq., and Ajax Engineering.<BR><BR>Quality Snapshot: Excellent management risk is observed at Hero MotoCorp, while Good management risk is found at Ashok Leyland, Escorts Kubota, Force Motors, and Ajax Engineering, and the rest. Below Average management risk is noted at Ather Energy and Ola Electric, while Average management risk is present at BEML Ltd and Olectra Greentec, and the rest. Growth is Excellent at Ather Energy, Force Motors, Olectra Greentec, and Action Const.Eq., while Good growth is seen at Hero MotoCorp and Ashok Leyland, and the rest. Below Average growth is found at Escorts Kubota and Ajax Engineering, while Average growth is noted at Ather Energy and Ola Electric, and the rest. Excellent capital structure is observed at Hero MotoCorp, Escorts Kubota, and Action Const.Eq., while Average capital structure is found at Force Motors, and the rest. Below Average capital structure is noted at Ashok Leyland, Ather Energy, and Ola Electric, while Good capital structure is present at BEML Ltd and Olectra Greentec, and the rest.<BR><BR>Return Snapshot: Ather Energy has the highest 1-year return at 232.28%, while Ola Electric has the lowest at -7.56%. Force Motors has a 1-year return of 41.16%, which is significantly higher than Ola Electric's return. Additionally, BEML Ltd, Action Const.Eq., and Ajax Engineering have negative six-month returns.

What does Force Motors do?

Force Motors Ltd is a small-cap automobile manufacturer based in India, producing various vehicles since its inception in 1958. As of March 2026, it reported net sales of ₹2,550 Cr and a net profit of ₹279 Cr, with a market cap of ₹23,376 Cr.

Overview:<BR>Force Motors Ltd is a small-cap company operating in the automobiles industry, primarily engaged in the production of vehicles.<BR><BR>History:<BR>Force Motors Limited was incorporated on September 8, 1958, originally under the name 'Baja Tempo Limited', which was changed to its current name on March 03, 2005. The latest quarterly results reported net sales and profit for the period ending March 2026.<BR><BR>Financial Snapshot:<BR>- Net Sales: 2,550 Cr (Quarterly Results - Mar 2026)<BR>- Net Profit: 279 Cr (Quarterly Results - Mar 2026)<BR>- Market Cap: INR 23,376 Cr (Small Cap)<BR><BR>Key Metrics:<BR>- P/E: 22.00<BR>- Industry P/E: 23<BR>- Dividend Yield: 0.23%<BR>- Debt Equity: -0.20<BR>- Return on Equity: 25.12%<BR>- Price to Book: 5.55<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

Should I buy, sell or hold Force Motors Ltd?

Are Force Motors Ltd latest results good or bad?

Force Motors Ltd's latest results show strong revenue growth, achieving a record ₹2,549.84 crores, but net profit declined by 35.93% year-on-year due to a higher tax rate, raising concerns about profitability sustainability. Investors should closely monitor these trends.

Force Motors Ltd's latest results present a mixed picture. On one hand, the company achieved its highest-ever quarterly revenue of ₹2,549.84 crores for the March 2026 quarter, reflecting an 8.23% year-on-year growth and a significant 19.79% increase compared to the previous quarter. This indicates strong demand for its products, particularly in the light commercial vehicle segment.<BR><BR>However, the bottom line shows a concerning trend. The consolidated net profit for the same quarter declined by 35.93% year-on-year to ₹278.52 crores, primarily due to a normalization of the tax rate, which rose to 26.35% from an exceptionally low negative tax rate in the previous quarter. Additionally, the profit also fell 31.42% compared to the previous quarter, raising questions about the sustainability of profit growth.<BR><BR>Operating margins improved year-on-year, reaching 16.25%, but contracted sequentially, indicating some pressure on pricing or cost management. The profit after tax margin also compressed significantly from the previous year, reflecting the impact of the increased tax rate.<BR><BR>Overall, while the revenue growth is a positive sign, the substantial decline in profit raises concerns about the company's profitability and margin sustainability in the near term. Investors may want to monitor these trends closely as they assess the company's future performance.

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.