FORCEMOT

Force Motors Ltd.

NSE: FORCEMOT

BSE: 500033

Sector: Automobile and Auto Components

Industry Group: Automobiles

Industry: Passenger Cars & Utility Vehicles

18,740.00-627.0 (-3.24%)

3 Jul, 12:59 PM

Overview

Analysis Statements Technicals Forecast Peers Resources News

Stock Scores

Quality Score

91.7 / 100

Value Score

51.6 / 100

Price Momentum Score

71.5 / 100

QVM Score

90.7 / 100

Key Metrics

Market Cap

25510.40

P/E (TTM)

21.05

P/B

6.08

P/S (TTM)

2.82

EV/EBITDA

15.69

CAPE (5Y)

52.21

ROE (TTM)

33.53

ROCE (TTM)

33.03

ROA (TTM)

20.76

Avg 3Y ROE

27.53

Earnings 3Y CAGR

108.52

Sales 3Y CAGR

21.67

Sales 5Y CAGR

35.43

Debt/Equity

0.00

Consensus TP

Strong Buy %

Promoter Holding

61.63

Pledged %

0.00

Stock Analysis

Fundamental analysis overview of Force Motors Ltd. covering key investment insights, growth drivers, risk factors, and potential red flags.

Views

Red Flags

Positive

Stock is reasonably valued and PE TTM is at a discount to industry median

PE TTM of 21.05 indicates that the stock is reasonably valued on a standalone basis. Discount to industry median P/E is decent at -29.74%

What is P/E Ratio?

Median: 29.96

Value 21.05

21.05125.84

Strong price momentum

Price Momentum score of 71.5 indicates that the stock has strong price momentum. Research has shown that stocks with higher momentum continue to outperform in the near term

What is Price Momentum score?

71.5 / 100

High and improving ROE

The company reported strong ROE of 33.53% for 12-month ended 31 Mar 2026 and ROE improved by 325 bps from 1 year ago

What is ROE (FY)?

Moderate operating margin but improving trend

The company reported moderate operating margin of 13.22% for 12-month ended 31 Mar 2026 but operating margin improved by 315 bps from 1 year ago

What is Operating profit margin?

Strong EPS growth and above median growth of industry

The company delivered strong EPS growth of 51.31% for 12-month ended 31 Mar 2026 and the growth was 36.8 percentage points higher than median growth of industry

What is EPS growth (1Y)?

Low Debt to Equity, not much change from last year

The company has low Debt to Equity of 0.0 as on 31 Mar 2026 and Debt to Equity decreased marginally by 0.01 in the last 1 year

What is Debt to Equity?

Consistently pays dividend

The company has not missed dividend payments once in the last 9 financial years

What is Dividend streak?

Company is net cash

The company is net cash i.e., cash and cash equivalents exceed total debt indicating a healthy balance sheet

What is Net Debt ?

Negative

Moderate revenue growth but lower than median growth of industry

The company delivered moderate revenue growth of 12.21% for 12-month ended 31 Mar 2026 but the growth was 3.84 percentage points lower than median growth of industry

What is Sales growth (1Y)?

Median: 16.05

Value 12.21

-23.6828.32

Low dividend yield

The company has a low dividend yield of 0.21%

What is Dividend yield?

Neutral

Company's earnings are of moderate quality

Earnings quality score of 58.5 indicates that the company's earnings are of moderate quality. Earnings quality is measured using combination of earnings persistence, probability of manipulation and earnings to cash conversion

What is Earnings quality score?

58.5 / 100

Financial Snapshot

See detailed analysis

Multi-year trends for Force Motors Ltd. covering revenue, net profit, ROE, and EBITDA for a quick view of financial health over time.

Net Revenue FY

Profit After Tax FY

ROE FY

EBITDA FY

Force Motors Ltd. Shareholding Pattern

Quarterly breakdown of Force Motors Ltd. ownership including promoter, FII, DII, mutual fund, and public holdings as disclosed to NSE/BSE.

	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Total Promoter	61.63	61.63	61.63	61.63	61.63	61.63	61.63	61.63	61.63	61.63	61.63	61.63	61.63	61.63	61.63	61.63	61.63	61.63	61.63	61.63	61.63	61.63	61.63	61.63	61.63
Indian Promoter	61.63	61.63	61.63	61.63	61.63	61.63	61.63	61.63	61.63	61.63	61.63	61.63	61.63	61.63	61.63	61.63	61.63	61.63	61.63	61.63	61.63	61.63	61.63	61.63	61.63
Foreign Promoter	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Institutions	5.54	5.37	4.82	5.12	5.41	5.21	5.06	5.00	5.91	5.39	4.75	4.90	5.04	5.59	6.53	6.12	7.21	8.81	8.81	9.06	9.78	11.43	11.75	12.26	12.69
Mutual Funds / UTI	1.34	1.40	1.04	1.58	1.86	2.08	2.21	2.17	2.93	2.52	1.83	1.82	1.61	1.09	0.94	0.91	0.51	0.39	0.47	0.39	0.75	0.65	0.72	0.95	0.98
FI/Bank/Insurance	0.64	0.61	0.48	0.47	0.47	0.47	0.46	0.37	0.37	0.37	0.37	0.37	0.33	0.33	0.30	0.10	0.01	0.01	0.01	0.01	0.01	0.01	0.03	0.13	0.18
Govt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
FII	3.55	3.36	3.31	3.07	3.08	2.67	2.39	2.46	2.60	2.49	2.55	2.71	2.72	4.11	4.94	4.91	6.34	7.78	7.89	8.15	8.36	9.77	10.27	10.46	10.93
Other Institutions	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.38	0.06	0.35	0.19	0.34	0.62	0.44	0.50	0.67	1.00	0.73	0.72	0.59
Non-Institution	32.83	33.00	33.55	33.25	32.96	33.16	33.31	33.37	32.46	32.98	33.61	33.47	33.34	32.78	31.85	32.25	31.16	29.57	29.56	29.31	28.59	26.95	26.62	26.12	25.68
Bodies Corporate	2.52	2.55	1.67	1.50	1.35	1.28	1.53	1.32	1.19	1.33	1.46	1.78	1.51	1.44	1.36	1.69	2.16	1.85	2.23	2.20	1.98	1.71	1.76	1.72	1.50
Others (incl. Retail) No. of shareholders	30.31 61,862	30.45 61,457	31.88 62,698	31.75 62,861	31.61 60,456	31.88 60,079	31.78 61,119	32.05 61,201	31.27 60,687	31.65 59,933	32.15 58,099	31.69 54,540	31.83 53,603	31.34 49,842	30.49 47,711	30.56 47,157	29.00 47,314	27.72 51,391	27.33 55,485	27.11 58,637	26.61 55,538	25.24 58,619	24.86 71,439	24.40 70,902	24.18 77,752

Holdings and Presence

Indices and prominent investors with a stake in this stock.

Index Presence

#	Index	Weight	Rank
1	Nifty 500 Momentum Quality 50	0.9%	31 / 50
2	Nifty 500 Momentum 50	0.47%	42 / 50
3	Nifty Smallcap 250	0.47%	70 / 249
4	Nifty 500	0.05%	287 / 499
5	Nifty Total Market	0.05%	317 / 749

Prominent Investor Holdings

Bulk, Block and Insider Trades

Recent bulk deals, block deals, and insider trading activity in Force Motors Ltd. shares as reported to NSE and BSE.

Name	Date	Type	Price	Qty.	Value
Point Break Capital Lp	28 Jan 2026	sell	₹ 18,785.00	85.15 k	-
Sona India Investments Llc	28 Jan 2026	buy	₹ 18,785.00	85.15 k	-
POONAWALLA AVIATION PRIVATE LIMITED	12 Jan 2026	buy	₹ 19,790.00	38.74 k	₹ 76.67 cr
SERUM INSTITUTE OF INDIA PRIVATE LIMITED	12 Jan 2026	sell	₹ 19,790.00	38.74 k	₹ 76.67 cr
Jupiter South Asia Investment Company Limited	06 Mar 2024	sell	₹ 6,432.15	30.07 k	₹ 19.34 cr
The Jupiter Global Fund-Jupiter India Select	06 Mar 2024	buy	₹ 6,432.15	30.07 k	₹ 19.34 cr

Corporate Actions

History of Force Motors Ltd. dividends, bonus issues, stock splits, rights issues, and other corporate events.

Dividend₹ 40/share
Record date: 10th Sep 2025Ex-date: 10th Sep 2025
Announced on: 25th Apr 2025
Dividend₹ 20/share
Record date: 28th Aug 2024Ex-date: 28th Aug 2024
Announced on: 26th Apr 2024
Dividend₹ 10/share
Record date: 21st Sep 2023Ex-date: 21st Sep 2023
Announced on: 29th May 2023
Dividend₹ 10/share
Record date: 21st Sep 2022Ex-date: 20th Sep 2022
Announced on: 27th May 2022
Dividend₹ 5/share
Record date: 21st Sep 2021Ex-date: 20th Sep 2021
Announced on: 28th May 2021

Company Profile

Overview of Force Motors Ltd. covering business description, industry classification, key management, financial ratios, and listed exchange details.

Force Motors Limited is an India-based fully vertically integrated automobile company. It is engaged in the design, development and manufacture of the full spectrum of automotive components, aggregates and vehicles. Its range of products includes light commercial vehicles, multi-utility vehicles, sm...

Key personnel

Mr. Rishi Luharuka

President, Group Chief Financial Officer

Mr. Rohan Sampat

Compliance Officer, Company Secretary

Mr. Abhaykumar Navalmal FirodiaD

Executive Chairman of the Board, Managing Director

Mr. Prasan Abhaykumar FirodiaD

Managing Director, Executive Director

Mr. Prashant Vijay InamdarD

Executive Director - Operations

Mr. Gautam Hemant BambawaleD

Additional Non-Executive Independent Director

Mr. Vallabh Roopchand BhanshaliD

Non-Executive Independent Director

Mr. Nitin Nandkishor KareerD

Additional Non-Executive Independent Director

View all

Incorporated on

08 Sep 1958

Last Annual

31 Mar 2026

Last Interim

31 Mar 2026

No. of Employees

IPO date

19 Aug 2019

Free Float

48,42,553

Website

https://www.forcemotors.com/

Phone no.

+912027476381

Address

MUMBAI PUNE ROAD AKURDI, , 411035, India

Frequently Asked Questions

What is the current share price of Force Motors Ltd.?

The current share price of Force Motors Ltd. is ₹ 18,740.00 as of 3 Jul 2026.

What is the market capitalisation of Force Motors Ltd.?

The market capitalisation of Force Motors Ltd. stands at ₹ 25,510.40 Cr.

What is the PE ratio of Force Motors Ltd.?

The Price-to-Earnings (PE) ratio of Force Motors Ltd. is 21.05 as of the latest trailing twelve months data.

What is the ROE and ROCE of Force Motors Ltd.?

Force Motors Ltd. has a Return on Equity (ROE) of 33.53% and a Return on Capital Employed (ROCE) of 33.03% as per the latest financial reports.

What is the 52-week high and low of Force Motors Ltd.?

The 52-week high of Force Motors Ltd. is - and the 52-week low is -.

What is the dividend yield of Force Motors Ltd.?

The dividend yield of Force Motors Ltd. is 0.21% based on the current market price.

What is the FII and DII holding in Force Motors Ltd.?

Foreign Institutional Investors (FII) hold 10.93%, Domestic Institutional Investors (DII) hold 1.16% and retail/public investors hold 24.18% of Force Motors Ltd. shares.

What sector does Force Motors Ltd. belong to?

Force Motors Ltd. operates in the Automobile and Auto Components sector.

What is the beta of Force Motors Ltd.?

The beta of Force Motors Ltd. is 1.86, indicating its price volatility relative to the broader market. Over the past 1 year, Force Motors Ltd. has delivered an absolute return of 41.14%.

What is the RSI of Force Motors Ltd.?

The 14-day Relative Strength Index (RSI) of Force Motors Ltd. is 56.14, placing it in the neutral zone. An RSI above 70 is considered overbought and below 30 is considered oversold.

Force Motors Ltd.

Stock Scores

Key Metrics

Share Price

Stock Analysis

Financial Snapshot

Force Motors Ltd. Shareholding Pattern

Holdings and Presence

Bulk, Block and Insider Trades

Corporate Actions

Company Profile

Frequently Asked Questions

Holdings and Presence

Company Profile

Stock Analysis

Corporate Actions