FORCE MOTORS LTD Share Price & Analysis
₹18,250Updated 5 Jun 2026, 03:30 pm IST
LTP
₹18,250
—
Open
₹18,690
High
₹18,860
Low
₹18,200
Close
₹18,592
52W High
₹26,486
52W Low
₹11,615
Volume
94K
Lot Size
25
Sector
Automobile and Auto Components
Market Cap
₹23K Cr
Face Value
₹10
Large CapNIFTY 500SMALLCAP 100
Price Chart
Fundamentals
P/E
22.2
Sector P/E
40.6
P/B
5.73
EPS
₹1,038.09
ROE
29.2%
ROCE
36.1%
D/E Ratio
0
Div Yield
0.22%
Book Value
₹3,183
+
Strengths
- ✓Excellent return on equity (ROE 29.2%)
- ✓Efficient capital deployment (ROCE 36.1%)
- ✓Attractively valued vs sector (P/E 22.2x vs industry 40.6x)
- ✓Virtually debt-free
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| MARUTI Maruti Suzuki India Limited | ₹13,035 | ₹4.1L Cr | 27.9 | 3.82 | 14.4 | 19 | 0 |
| M&M Mahindra & Mahindra Limited | ₹3,039 | ₹3.7L Cr | 21.1 | 4.06 | 20.8 | 15.4 | 1.53 |
| BAJAJ-AUTO Bajaj Auto Limited | ₹10,350 | ₹2.9L Cr | 26.7 | 7.45 | 29.1 | 28.2 | 0.58 |
| EICHERMOT Eicher Motors Limited | ₹7,050 | ₹2.0L Cr | 35.2 | 7.7 | 24 | 30.5 | 0.02 |
| TVSMOTOR TVS Motor Company Limited | ₹3,377 | ₹1.6L Cr | 52.5 | 16.8 | 33.8 | 17.4 | 3.89 |
| MOTHERSON Samvardhana Motherson International Limited | ₹143 | ₹1.5L Cr | 37 | 3.7 | 10.9 | 13.1 | 0.53 |
| HYUNDAI Hyundai Motor India Limited | ₹1,905 | ₹1.5L Cr | 28 | 7.74 | 29.9 | 38.4 | 0.05 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
FORCEMOT · as of Mar 2026
Promoters61.63%
FII8.36%▲0.21
DII1.43%▲0.53
Public28.58%▼0.72
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 61.63% | 61.63% | 61.63% | 61.63% | 61.63% | 61.63% |
| FII | 4.91% | 6.34% | 7.78% | 7.89% | 8.15% | 8.36% |
| DII | 1.20% | 0.86% | 1.02% | 0.92% | 0.90% | 1.43% |
| Public | 32.27% | 31.16% | 29.57% | 29.56% | 29.30% | 28.58% |
Corporate Events
To consider and approve the financial results for the period ended March 31, 2026 and dividend
Dividend28 Apr 2026
Dividend - Rs 40 Per Share
Dividend9 Sept 2025
Dividend - Rs 20 Per Share
Dividend27 Aug 2024
Annual General Meeting
AGM27 Aug 2024
Annual General Meeting/Dividend - Rs 10 Per Share
Dividend20 Sept 2023
Financials
Quarterly Results
| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹2.1K Cr ▲2.3% | ₹2.1K Cr ▼9.4% | ₹2.3K Cr ▼2.5% | ₹2.4K Cr ▲24.7% | ₹1.9K Cr ▼2.7% | ₹1.9K Cr ▲3.0% | ₹1.9K Cr ▼6.3% | ₹2.0K Cr |
| Op. Profit | ₹374 Cr ▲3.0% | ₹363 Cr ▲12.4% | ₹323 Cr ▼1.8% | ₹329 Cr ▲41.8% | ₹232 Cr ▼16.2% | ₹277 Cr ▲13.1% | ₹245 Cr ▼12.2% | ₹279 Cr |
| OPM | 18.0% ▲5.9% | 17.0% ▲21.4% | 14.0% ▲0.0% | 14.0% ▲16.7% | 12.0% ▼14.3% | 14.0% ▲7.7% | 13.0% ▼7.1% | 14.0% |
| Net Profit | ₹406 Cr ▲15.7% | ₹351 Cr ▲99.4% | ₹176 Cr ▼59.5% | ₹435 Cr ▲278.3% | ₹115 Cr ▼14.8% | ₹135 Cr ▲16.4% | ₹116 Cr ▼17.1% | ₹140 Cr |
| EPS (₹) | 308.21 ▲15.8% | 266.14 ▲98.9% | 133.82 ▼59.4% | 329.92 ▲277.0% | 87.51 ▼14.6% | 102.47 ▲16.7% | 87.81 ▼17.5% | 106.45 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹9.1K Cr ▲12.2% | ₹8.1K Cr ▲15.4% | ₹7.0K Cr ▲39.0% | ₹5.0K Cr ▲55.2% | ₹3.2K Cr ▲63.0% | ₹2.0K Cr ▼35.5% | ₹3.1K Cr ▼15.6% | ₹3.7K Cr ▲6.7% | ₹3.4K Cr ▲11.5% | ₹3.1K Cr |
| Expenses | ₹7.6K Cr ▲8.6% | ₹7.0K Cr ▲14.4% | ₹6.1K Cr ▲29.3% | ₹4.7K Cr ▲47.8% | ₹3.2K Cr ▲62.4% | ₹2.0K Cr ▼30.4% | ₹2.8K Cr ▼16.5% | ₹3.4K Cr ▲7.1% | ₹3.2K Cr ▲12.6% | ₹2.8K Cr |
| Op. Profit | ₹1.5K Cr ▲34.9% | ₹1.1K Cr ▲22.5% | ₹897 Cr ▲186.6% | ₹313 Cr ▲526.0% | ₹50 Cr ▲108.3% | ₹24 Cr ▼90.8% | ₹261 Cr ▼5.1% | ₹275 Cr ▲2.6% | ₹268 Cr ▲0.0% | ₹268 Cr |
| OPM | 16.0% ▲14.3% | 14.0% ▲7.7% | 13.0% ▲116.7% | 6.0% ▲200.0% | 2.0% ▲100.0% | 1.0% ▼87.5% | 8.0% ▲0.0% | 8.0% ▲0.0% | 8.0% ▼11.1% | 9.0% |
| Other Income | ₹322 Cr ▼27.8% | ₹446 Cr ▲1105.4% | ₹37 Cr ▼86.2% | ₹268 Cr ▲415.4% | ₹52 Cr ▲2500.0% | ₹2 Cr ▼33.3% | ₹3 Cr ▼96.3% | ₹82 Cr ▲18.8% | ₹69 Cr ▼19.8% | ₹86 Cr |
| Interest | ₹3 Cr ▼88.5% | ₹26 Cr ▼58.1% | ₹62 Cr ▼8.8% | ₹68 Cr ▲65.9% | ₹41 Cr ▲46.4% | ₹28 Cr ▲0.0% | ₹28 Cr ▲86.7% | ₹15 Cr ▲114.3% | ₹7 Cr ▲16.7% | ₹6 Cr |
| Depreciation | ₹286 Cr ▲2.1% | ₹280 Cr ▲4.9% | ₹267 Cr ▲10.8% | ₹241 Cr ▲26.2% | ₹191 Cr ▲9.8% | ₹174 Cr ▼10.8% | ₹195 Cr ▲29.1% | ₹151 Cr ▲17.1% | ₹129 Cr ▲14.2% | ₹113 Cr |
| PBT | ₹1.5K Cr ▲22.5% | ₹1.2K Cr ▲104.6% | ₹605 Cr ▲122.4% | ₹272 Cr ▲309.2% | ₹-130 Cr ▲26.1% | ₹-176 Cr ▼519.0% | ₹42 Cr ▼77.9% | ₹190 Cr ▼5.5% | ₹201 Cr ▼14.5% | ₹235 Cr |
| Tax % | 20.0% ▼42.9% | 35.0% ▼2.8% | 36.0% ▼29.4% | 51.0% ▲270.0% | -30.0% ▲0.0% | -30.0% ▼50.0% | -20.0% ▼180.0% | 25.0% ▼7.4% | 27.0% ▲17.4% | 23.0% |
| Net Profit | ₹1.2K Cr ▲51.3% | ₹801 Cr ▲106.4% | ₹388 Cr ▲189.6% | ₹134 Cr ▲247.3% | ₹-91 Cr ▲26.6% | ₹-124 Cr ▼348.0% | ₹50 Cr ▼65.0% | ₹143 Cr ▼2.7% | ₹147 Cr ▼18.3% | ₹180 Cr |
| EPS (₹) | 919.55 ▲51.3% | 607.71 ▲106.3% | 294.54 ▲190.4% | 101.42 ▲246.7% | -69.12 ▲26.3% | -93.83 ▼346.4% | 38.08 ▼65.0% | 108.78 ▼2.6% | 111.66 ▼18.3% | 136.68 |
| Div Payout | 5.0% ▼28.6% | 7.0% ▲0.0% | 7.0% ▼30.0% | 10.0% ▲171.4% | -14.0% ▼180.0% | -5.0% ▼119.2% | 26.0% ▲188.9% | 9.0% ▲0.0% | 9.0% ▲28.6% | 7.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Liabilities | ||||||||||
| Equity Capital | ₹13 Cr ▲0.0% | ₹13 Cr ▲0.0% | ₹13 Cr ▲0.0% | ₹13 Cr ▲0.0% | ₹13 Cr ▲0.0% | ₹13 Cr ▲0.0% | ₹13 Cr ▲0.0% | ₹13 Cr ▲0.0% | ₹13 Cr ▲0.0% | ₹13 Cr |
| Reserves | ₹3.5K Cr ▲15.7% | ₹3.0K Cr ▲34.7% | ₹2.2K Cr ▲20.4% | ₹1.9K Cr ▲7.3% | ₹1.7K Cr ▼4.9% | ₹1.8K Cr ▼6.5% | ₹2.0K Cr ▲1.7% | ₹1.9K Cr ▲7.4% | ₹1.8K Cr ▲8.1% | ₹1.7K Cr |
| Borrowings | ₹0 Cr ▼100.0% | ₹17 Cr ▼96.8% | ₹524 Cr ▼45.1% | ₹955 Cr ▼10.7% | ₹1.1K Cr ▲66.5% | ₹642 Cr ▲107.1% | ₹310 Cr ▲8.4% | ₹286 Cr | ₹0 Cr ▼100.0% | ₹199 Cr |
| Other Liabilities | ₹1.8K Cr ▼11.9% | ₹2.1K Cr ▲27.4% | ₹1.6K Cr ▲38.1% | ₹1.2K Cr ▲40.3% | ₹844 Cr ▲11.5% | ₹757 Cr ▼8.0% | ₹823 Cr ▲33.4% | ₹617 Cr ▼14.5% | ₹722 Cr ▼2.2% | ₹738 Cr |
| Total Liabilities | ₹5.3K Cr ▲4.1% | ₹5.1K Cr ▲16.3% | ₹4.4K Cr ▲10.0% | ₹4.0K Cr ▲9.6% | ₹3.7K Cr ▲13.1% | ₹3.2K Cr ▲4.5% | ₹3.1K Cr ▲9.2% | ₹2.8K Cr ▲12.4% | ₹2.5K Cr ▼3.1% | ₹2.6K Cr |
| Assets | ||||||||||
| Fixed Assets | ₹2.1K Cr ▲7.4% | ₹2.0K Cr ▼3.1% | ₹2.0K Cr ▼3.0% | ₹2.1K Cr ▲3.0% | ₹2.0K Cr ▲66.1% | ₹1.2K Cr ▼12.6% | ₹1.4K Cr ▲15.1% | ₹1.2K Cr ▲28.3% | ₹948 Cr ▲4.1% | ₹911 Cr |
| CWIP | ₹190 Cr ▼33.8% | ₹287 Cr ▲67.8% | ₹171 Cr ▲11.0% | ₹154 Cr ▼49.0% | ₹302 Cr ▼58.3% | ₹725 Cr ▲62.9% | ₹445 Cr ▲19.6% | ₹372 Cr ▲0.8% | ₹369 Cr ▲67.7% | ₹220 Cr |
| Investments | ₹95 Cr ▼7.8% | ₹103 Cr ▲13.2% | ₹91 Cr ▼6.2% | ₹97 Cr ▼12.6% | ₹111 Cr ▲11.0% | ₹100 Cr ▲28.2% | ₹78 Cr ▲239.1% | ₹23 Cr ▲130.0% | ₹10 Cr ▲11.1% | ₹9 Cr |
| Other Assets | ₹2.9K Cr ▲6.0% | ₹2.8K Cr ▲30.8% | ₹2.1K Cr ▲27.2% | ₹1.7K Cr ▲37.3% | ₹1.2K Cr ▲2.2% | ₹1.2K Cr ▲1.2% | ₹1.2K Cr ▼4.1% | ₹1.2K Cr ▲2.4% | ₹1.2K Cr ▼18.3% | ₹1.5K Cr |
| Total Assets | ₹5.3K Cr ▲4.1% | ₹5.1K Cr ▲16.3% | ₹4.4K Cr ▲10.0% | ₹4.0K Cr ▲9.6% | ₹3.7K Cr ▲13.1% | ₹3.2K Cr ▲4.5% | ₹3.1K Cr ▲9.2% | ₹2.8K Cr ▲12.4% | ₹2.5K Cr ▼3.1% | ₹2.6K Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹971 Cr ▼4.2% | ₹1.0K Cr ▲90.6% | ₹532 Cr ▲2855.6% | ₹18 Cr ▲157.1% | ₹7 Cr ▼98.3% | ₹409 Cr ▲30.3% | ₹314 Cr ▲22.7% | ₹256 Cr ▼45.6% | ₹471 Cr ▲84.0% | ₹256 Cr |
| Investing CF | ₹-351 Cr ▼77.3% | ₹-198 Cr ▲22.7% | ₹-256 Cr ▲28.1% | ₹-356 Cr ▼6.9% | ₹-333 Cr ▼1.8% | ₹-327 Cr ▲46.0% | ₹-606 Cr ▼648.1% | ₹-81 Cr ▲87.0% | ₹-621 Cr ▼195.7% | ₹-210 Cr |
| Financing CF | ₹-562 Cr ▼10.4% | ₹-509 Cr ▼145.9% | ₹-207 Cr ▼155.2% | ₹375 Cr ▲28.0% | ₹293 Cr ▲1565.0% | ₹-20 Cr ▼107.8% | ₹256 Cr ▲214.8% | ₹-223 Cr ▼223.9% | ₹180 Cr ▲586.5% | ₹-37 Cr |
| Net Cash Flow | ₹58 Cr ▼81.2% | ₹308 Cr ▲352.9% | ₹68 Cr ▲83.8% | ₹37 Cr ▲215.6% | ₹-32 Cr ▼151.6% | ₹62 Cr ▲277.1% | ₹-35 Cr ▲25.5% | ₹-47 Cr ▼256.7% | ₹30 Cr ▲233.3% | ₹9 Cr |
| Free Cash Flow | ₹606 Cr ▼25.2% | ₹810 Cr ▲195.6% | ₹274 Cr ▲187.0% | ₹-315 Cr ▲29.2% | ₹-445 Cr ▼808.2% | ₹-49 Cr ▲73.2% | ₹-183 Cr ▼195.2% | ₹-62 Cr ▼126.3% | ₹236 Cr ▲1142.1% | ₹19 Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 8d ▲60.0% | 5d ▼64.3% | 14d ▼33.3% | 21d ▼8.7% | 23d ▲15.0% | 20d ▲17.6% | 17d ▼34.6% | 26d ▲85.7% | 14d ▼22.2% | 18d |
| Inventory Days | 73d ▼12.0% | 83d ▲7.8% | 77d ▼13.5% | 89d ▼34.6% | 136d ▲49.5% | 91d ▲37.9% | 66d ▼2.9% | 68d ▼6.8% | 73d ▼20.7% | 92d |
| Days Payable | 48d ▼21.3% | 61d ▼11.6% | 69d ▼4.2% | 72d ▼33.3% | 108d ▲13.7% | 95d ▲82.7% | 52d ▼35.8% | 81d ▲1.3% | 80d ▲14.3% | 70d |
| Cash Conv. Cycle | 32d ▲18.5% | 27d ▲22.7% | 22d ▼42.1% | 38d ▼26.9% | 52d ▲246.7% | 15d ▼51.6% | 31d ▲138.5% | 13d ▲116.7% | 6d ▼85.0% | 40d |
| Working Capital Days | 16d ▲900.0% | -2d ▲66.7% | -6d ▲83.8% | -37d ▼640.0% | -5d ▼183.3% | 6d ▼86.0% | 43d ▲0.0% | 43d ▲43.3% | 30d ▲30.4% | 23d |
| ROCE | 30.0% ▲25.0% | 24.0% ▲380.0% | 5.0% ▲266.7% | -3.0% ▲40.0% | -5.0% ▼200.0% | 5.0% ▼50.0% | 10.0% ▼9.1% | 11.0% ▼21.4% | 14.0% ▼22.2% | 18.0% |
Source: Screener.in · Lower days = better efficiency
Deep Dive Analysis
About FORCE MOTORS LTD
Force Motors Ltd was established in 1958, is the flagship company of the Abhay Firodia group. The company is in the business of manufacturing fully vertically integrated small and light CVs, multi-utility vehicles, and agricultural tractors, which it supplies to various countries in the Middle East, Asia, Latin America, and Africa. It was known as Bajaj Tempo till 2005 [1]
Automobile and Auto Components · Automobiles
Related Analysis
Frequently Asked Questions
What is FORCE MOTORS LTD share price today?▾
FORCE MOTORS LTD (FORCEMOT) is currently trading at ₹18,250 on NSE, as of the last market session. Prices update daily after market close on MarketNetra.
Is FORCE MOTORS LTD available in F&O (Futures & Options)?▾
Yes, FORCE MOTORS LTD (FORCEMOT) is part of the NSE F&O segment with a lot size of 25 shares. Options are available with monthly expiry contracts. You can track the full option chain and OI analysis on MarketNetra.
What is FORCE MOTORS LTD 52-week high and low?▾
FORCE MOTORS LTD's 52-week high is ₹26,486 and the 52-week low is ₹11,615. The current price of ₹18,250 is 31.1% below the 52W high.
What is FORCE MOTORS LTD P/E ratio?▾
FORCE MOTORS LTD's current P/E ratio is 22.2. This indicates the market is paying ₹22.2 for every ₹1 of earnings. Compare this to the sector average to assess relative valuation.
How to trade FORCE MOTORS LTD options?▾
FORCE MOTORS LTD options are traded on NSE with monthly expiry contracts (lot size: 25 shares). To trade FORCEMOT options: select your expiry on the option chain page, identify key OI strikes, check the PCR and buildup type on OI analysis, and review FII/DII flows for institutional sentiment before taking a position.