1. India Stocks

  2. •

    Consumer durables

  3. •

    Motor vehicles
Force Motors Limited

Force Motors Limited

16,659.20
INR
-190.80
(-1.13%)
950.18EPS
19.58P/E
245.07BMarket Cap
Force Motors Limited
BSE:FORCEMOT
(Bombay Stock Exchange)

Recent

price

16,659.20

P/E

ratio

19.58

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
1,123.58
1,582.4
1,454.82
1,514.84
1,772.22
2,274.14
2,305.62
2,574.61
2,747.37
2,317.11
1,481.35
2,434.12
3,780.25
5,261.2
6,076.78
6,815.04
6,982.12
Revenue per Share
44.49
625.62
10.95
59.08
77.06
135.77
136.68
111.66
108.78
38.08
-93.83
-69.12
101.42
294.54
607.71
919.56
950.09
Basic EPS, GAAP
-64.47
-259.38
-191.72
-9.12
82.64
13.59
178.62
-51.35
-139.71
-37.36
-338.41
-289.13
206.6
611.76
895.22
574.87
- -
Free Cash Flow per Basic Share
3.51
5.81
11.62
3.51
3.51
18.06
- -
12.04
12.05
12.06
10
5
10
10
20
40
- -
Dividend per Share
253.7
867.69
876.17
931.75
1,013.93
1,130.55
1,265.59
1,366.95
1,467.19
1,491.58
1,394.8
1,326.53
1,423.04
1,711.52
2,302.19
3,183.26
- -
Book Value per Share
253.7
863.82
872.25
881.69
954.33
1,050.98
1,152.53
1,162.55
1,187.38
1,108.97
968.57
866.89
969.13
1,257.28
1,821.43
2,625.17
- -
Tangible Book Value per Share
13
13
13
13
13
13
13
13
13
13
13
13
13
13
13
13
13
Basic Weighted Avg Shares
14,805
20,850
19,169
19,960
23,351
29,965
30,380
33,924
36,200
30,531
19,519
32,073
49,810
69,323
80,069
89,797
91,998
Sales/Revenue/Turnover
5.55
4.11
-0.85
2.29
3.7
7.01
6.13
4.85
4.1
2.43
-7.06
-3.87
2.93
9.28
10.21
13.33
12.89
Operating Margin (%)
448
604
702
848
813
919
1,131
1,293
1,509
1,945
1,737
1,909
2,407
2,668
2,802
2,860
2,931
Depreciation Expense
586
8,243
144
778
1,015
1,789
1,801
1,471
1,433
502
-1,236
-911
1,336
3,881
8,007
12,116
12,519
Net Income, GAAP
28.63
18.49
25.46
- -
18.91
28
23.45
26.61
24.57
- -
- -
- -
50.91
35.84
35.32
20.05
18.24
Effective Tax Rate (%)
3.96
39.54
0.75
3.9
4.35
5.97
5.93
4.34
3.96
1.64
-6.33
-2.84
2.68
5.6
10
13.49
13.61
Profit Margin (%)
1,359
6,456
3,645
3,547
4,104
5,061
4,874
4,437
4,382
1,160
82
-2,557
558
4,100
8,551
17,874
- -
Working Capital
2,495
597
420
204
107
26
20
- -
2,056
1,875
4,938
6,006
5,950
3,818
13
- -
- -
LT Debt
3,343
11,433
11,557
12,290
13,374
14,911
16,691
18,028
19,349
19,672
18,397
17,499
18,771
22,574
30,358
41,968
- -
Total Equity
11.55
95.48
-0.98
- -
5.21
10.29
8.36
6.68
5.56
- -
- -
- -
6.05
14.48
26.76
31.08
- -
Return on Invested Capital (%)
11.55
95.48
1.67
- -
8.08
12.83
10.94
8.26
7.68
- -
- -
- -
5.91
15.22
28.01
33.49
- -
Return on Capital (%)
18.98
111.58
1.26
6.54
7.92
12.66
11.41
8.48
7.68
2.57
-6.5
-5.08
7.38
18.79
30.28
33.53
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
13
13
13
Market Capitalization
270,864
255,664
245,065

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
38,316
- -
Cash, Cash Equivalents & STI
- -
21,941
- -
Accounts Receivable, Net
- -
1,912
- -
Inventories
- -
12,580
- -
Total Current Liabilities
- -
20,442
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.79%
19.08%
38.25%
Free Cash Flow
201.05%
4.13%
-35.78%
Net Income, GAAP
-35.67%
15%
51.31%
Sales/Revenue/Turnover
15.45%
37.29%
12.15%
Total Cash Common Dividend
- -
- -
100%

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
18,849
19,413
18,895
23,560
80,069
2026
22,973
20,814
21,286
25,498
89,797
2027
24,400
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
87.81
102.46
87.52
329.92
607.71
2026
133.82
266.14
308.22
211.37
919.56
2027
164.36
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
20
2026
- -
- -
- -
- -
40
2027
- -
- -
- -
- -
- -
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Business
Force Motors Limited manufactures light commercial vehicles, multi-utility vehicles, sports utility vehicles, small commercial vehicles, special vehicles, and agricultural tractors; it also produces automotive components such as engines, axles, and die-cast aluminium parts, and supplies engines and generator sets through its joint venture Force MTU Power Systems Private Limited as well as financial services via subsidiary Tempo Finance (West) Limited. Founded in 1958 and headquartered in Pune, Maharashtra, the company operates manufacturing facilities in Pune, Pithampur, Chakan, and Chennai, with exports to Africa, Latin America, the Middle East, Asia, SAARC, ASEAN countries, and Germany. The company maintains strategic alliances including engine production for BMW India and Mercedes-Benz India, and recently secured a defence contract in March 2025 as part of government orders worth 25 billion rupees alongside Mahindra & Mahindra and Armoured Vehicles Nigam Ltd; it announced a three-year 2,000 crore rupee investment plan to advance electric vehicle development and modernize facilities, appointed Sanjay Kumar Bohra as CFO in June 2025, reported strong sales growth with domestic volumes up 35% in October 2025 and total sales rising year-over-year, and delivered robust Q2 FY26 financials with significant profit increases.