FORCEMOT · NSE
FORCE MOTORS LTD
₹17,488
-0.92% (-₹162)
Prev. close
₹17,650
Volume
63,130
Delivery %
57.8%
As of
18 Sept 2026
Price history
No analyst calls on this stock in the last 90 days yet.
Explore by date range →Analyst opinions
Fundamentals
About FORCE MOTORS LTD
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, multi utility vehicles, special vehicles, and spare parts; special utility vehicles, such as mobile medical units, police vans, prison vans, troop carriers, and safari vehicles; and agricultural tractors. Its product portfolio consists of urbania, a ground-up modular monocoque van platform for shared urban mobility; traveller, a platform that caters to passenger transport, cargo delivery, ambulances, and school buses; monobus; trax, a rugged utility vehicle platform for rural and last mile transport; special application vehicles; gurkha off-road vehicle; and electric vehicles. In addition, the company offers shared mobility solutions, commercial fleets, specialized transport, and defense solutions. It 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.
Details
Sector
Consumer Cyclical
Industry
Auto Manufacturers
CEO
Dr. Abhaykumar Navalmal Firodia
Headquarters
Pune
Employees
4,832
Website
forcemotors.comExchange
View on NSE ↗Key stats
Market cap
₹23,256.10 Cr
P/E ratio (TTM)
18.3
Dividend yield
0.29%
EPS (TTM)
₹965.45
Beta (1Y · daily vs NIFTY 50)
1.87
Beta (5Y · monthly vs NIFTY 50)
2.29
Shares float
46.65 L
EPS · quarter ended Jun 2026
₹164.36
Financial Performance
01 · Financials
Revenue for Mar 2021–Mar 2022 is as filed with BSE (consolidated), and the first plotted growth figure is computed against Mar 2020 revenue as filed with BSE; the two sources' revenue definitions differ by 1.0% on Mar 2023. FY21 growth needs FY20 filings, which the data source doesn't provide.
02 · Earnings Per Share (EPS)
03 · Dividend Profile
Growth compares completed fiscal-year dividend totals on the company's own calendar: April–March (Indian FY), taken from its reported period-ends. Payout ledger: NSE corporate actions.
04 · Operating Efficiency (Growth Rates)
Balance-sheet-based · pre-FY23 not filed in verifiable form
05 · Capital Structure & Asset Utilization
Pre-FY23 not filed in verifiable form
Asset turnover needs a prior year of assets — omitted for the earliest available year.
06 · Asset Base Composition
Pre-FY23 not filed in verifiable form
07 · Debt Level & Coverage
Pre-FY23 not filed in verifiable form
08 · Profit & Loss
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹1,988.19 Cr | ₹3,240.42 Cr | ₹4,980.96 Cr | ₹6,992.13 Cr | ₹8,071.73 Cr | ₹9,057.05 Cr | |
| EBITDA | ₹37.99 Cr | ₹119.01 Cr | ₹581.47 Cr | ₹932.95 Cr | ₹1,543.85 Cr | ₹1,804.85 Cr |
| ₹-124.00 Cr | ₹-91.00 Cr | ₹133.64 Cr | ₹388.09 Cr | ₹800.74 Cr | ₹1,211.63 Cr | |
| Diluted EPS | ₹-93.83 | ₹-69.13 | ₹101.43 | ₹294.54 | ₹607.71 | ₹919.56 |
Total expenses (as filed), Employee benefit expense, Other expenses, Tax provision, Interest expense, Other income have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.
09 · Balance Sheet
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹3,238.00 Cr | ₹3,661.00 Cr | ₹4,013.00 Cr | ₹4,415.00 Cr | ₹5,134.00 Cr | ₹6,538.00 Cr | |
| — | ₹1,068.82 Cr | ₹954.76 Cr | ₹524.50 Cr | ₹17.43 Cr | ₹0 | |
| Stockholders' equity | ₹1,838.00 Cr | ₹1,748.00 Cr | ₹1,875.00 Cr | ₹2,255.00 Cr | ₹3,033.00 Cr | ₹4,194.00 Cr |
Current assets, Inventory, Trade receivables, Cash & equivalents, Non-current assets, CWIP, Others, Total debt, Long-term debt, Current (short-term) debt have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.
Annual only — the data source doesn’t publish quarterly balance-sheet detail for most NSE-listed companies.
10 · Cash Flow Statement
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹7.00 Cr | ₹18.00 Cr | ₹532.00 Cr | ₹1,014.00 Cr | ₹1,546.00 Cr | ₹1,297.00 Cr | |
| Investing cash flow | — | — | ₹-256.47 Cr | ₹-197.50 Cr | ₹-926.23 Cr | ₹-899.84 Cr |
| ₹293.00 Cr | ₹375.00 Cr | ₹-207.00 Cr | ₹-509.00 Cr | ₹-562.00 Cr | ₹-73.00 Cr | |
| Capital expenditure | ₹-453.00 Cr | ₹-399.00 Cr | ₹-260.00 Cr | ₹-208.00 Cr | ₹-367.00 Cr | ₹-540.00 Cr |
| End cash position | — | — | ₹140.39 Cr | ₹448.16 Cr | ₹506.55 Cr | ₹830.42 Cr |
Change in working capital, Investing cash flow, End cash position have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.
Annual only — the data source has no quarterly cash-flow-statement coverage.
11 · Shareholding Pattern
NSE, quarterly
| Line item | Feb 24–Jun 26(11Q) |
|---|---|
| Promoter | 61.63% |
| Public | 38.37% |
| Employee trusts | 0.00% |
Source: NSE quarterly shareholding-pattern filings, collapsed to periods where the reported percentages held steady — a column spanning several quarters means no change was filed across them. No FII/DII sub-split available from this source — Public includes all non-promoter, non-employee-trust holders.
12 · Peer Comparison
Consumer Cyclical
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| Titan Company Limited | ₹4.36 L Cr | ₹4,841 | 75.4 | 27.74 | 32.3% | 1.95 | +44.8% | +37.4% |
| Maruti Suzuki India Limited | ₹3.88 L Cr | ₹12,103 | 27.0 | 3.62 | 13.7% | 0.00 | +20.1% | -23.5% |
| Mahindra & Mahindra Limited | ₹3.69 L Cr | ₹3,076.5 | 18.7 | 3.96 | 18.4% | 1.44 | +24.1% | -15.3% |
| Bajaj Auto Limited | ₹3.18 L Cr | ₹11,500 | 27.6 | 8.20 | 27.7% | 0.58 | +22.6% | +26.6% |
| ETERNAL LIMITED | ₹2.97 L Cr | ₹326.85 | 671.6 | 9.58 | 1.2% | 0.15 | +168.6% | -3.3% |
| Eicher Motors Limited | ₹2.06 L Cr | ₹7,516 | 35.7 | 8.20 | 22.0% | 0.02 | +23.9% | +8.5% |
| TVS Motor Company Limited | ₹1.95 L Cr | ₹4,171.3 | 55.9 | 20.38 | 31.6% | 3.43 | +29.2% | +17.6% |
| Hyundai Motor India Limited | ₹1.74 L Cr | ₹2,155 | 35.7 | 8.69 | 27.1% | 0.05 | +2.1% | -17.2% |
| Samvardhana Motherson International Limited | ₹1.70 L Cr | ₹162.57 | 38.9 | 4.16 | 9.4% | 0.47 | +11.1% | +49.2% |
| Tata Motors Limited | ₹1.63 L Cr | ₹442.9 | 37.9 | 12.81 | 23.8% | 0.44 | +44.3% | — |
| Trent Limited | ₹1.49 L Cr | ₹2,824 | 82.0 | 21.29 | 24.6% | 0.37 | +17.6% | -45.1% |
| FORCE MOTORS LTD | ₹23,256.10 Cr | ₹17,488 | 18.3 | 5.54 | 28.9% | 0.00 | +12.2% | -7.7% |
Ranked by market cap within Consumer Cyclical, same metrics as the Fundamentals screener. Click a column to sort.
Documents
Annual reports
Show all 30
Official documents linked from their sources — offer documents as filed with SEBI (sebi.gov.in), annual reports and earnings-call transcripts as published on BSE (bseindia.com) and NSE (nseindia.com). Links open the source's own hosting; nothing is re-hosted here.
Index membership
34 indices
NSE weights are a free-float market-cap-share estimate, not NSE’s own published (and sometimes capped) index weight. BSE weights are BSE’s own published index weight, not an estimate. Indices without weight data are listed without one, in alphabetical order after the weighted ones.