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Force Motors Ltd

Force Motors

Large Cap4,640 EmployeesIPO 2019
Current Price
20720.00
475 (2.35%)Updated
NSE :FORCEMOT
BSE :500033
Sector :Machinery
Today's Range
19750
20720.00
indicator
20840
52 Week Range
52W Low7000.00
52W High26450.00
20720.00
indicator
Downside196.00%
Upside27.65%

Price Chart

Compare with Peers

Historical Ratios

Track top 12 most important financial ratios

P/E Ratio: Price to Earnings - Most used valuation metric

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Analyzing Investment Quality

Processing 9 key metrics...

Key Metrics

Hover for details

Valuation

Market Cap
34,005.1 Cr
Market Cap
Total market value of company
P/E Ratio
31.57
P/E Ratio
Price to Earnings. Lower is generally better (<25 is good)
P/B Ratio
6.31
P/B Ratio
Price to Book Value. <3 may indicate undervaluation
EPS
817.42
EPS
Earnings Per Share. Higher and growing is positive

Profitability

ROE
24.02%
ROE
Return on Equity. >15% is good, >20% is excellent
ROCE
30.00%
ROCE
Return on Capital Employed. >15% is good
Net Margin
12.49%
Net Margin
Net profit as % of revenue. >10% is good
Operating Margin
-%
Operating Margin
Operating profit margin. >15% is good

Growth

EPS Growth (5Y)
-1.90%
EPS Growth (5Y)
5-year EPS growth. >15% is strong
Revenue Growth (5Y)
7.33%
Revenue Growth (5Y)
5-year revenue growth. >10% is good
Qtr Sales Growth
21.90%
Qtr Sales Growth
Quarter-over-quarter sales growth
Qtr Profit Growth
52.40%
Qtr Profit Growth
Quarter-over-quarter profit growth

Financial Health

Debt/Equity
0.01
Debt/Equity
Financial leverage. <1 is good, <0.5 is excellent
Book Value
2302.19
Book Value
Net asset value per share
Dividend Yield
0.16%
Dividend Yield
Annual dividend as % of price. >2% is good
Promoter Holding
61.60%
Promoter Holding
Promoter stake. >50% shows confidence
Good
Average
Needs Attention

SWOT Analysis

Strengths

4 points
  • Force Motors shows strong profitability with a 20.80% Return on Equity (ROE), indicating efficient use of shareholder funds. This is bolstered by a significant 52.40% quarterly profit growth, reflecting positive business momentum and healthy margins.
  • The company achieved impressive quarterly sales growth of 21.90%, demonstrating robust market demand and effective capture. This strong growth significantly contributes to the company's overall financial health and stability, supporting future expansion.

Weaknesses

3 points
  • Force Motors' Price-to-Earnings (P/E) ratio of 36.30 is relatively high compared to the sector PE of 38.18, suggesting potential overvaluation. Investors should carefully assess this metric against earnings before making investment decisions.
  • The company's stock has shown recent volatility, with significant fluctuations over the last five days. This could indicate market uncertainty and sensitivity to external factors, posing a risk for investors seeking stable returns.

Opportunities

3 points
  • The increasing FII holding, rising from 2.49% in June 2022 to 10.27% in September 2025, signals growing foreign institutional investor confidence, potentially attracting more capital and boosting stock performance.
  • Operating in the "Passenger Cars & Utility Vehicles" sector, Force Motors has significant growth potential. Expanding market demand and product diversification could drive substantial revenue and market share gains.

Threats

3 points
  • Force Motors faces intense competition from larger, established players like Maruti Suzuki and M&M in the "Passenger Cars & Utility Vehicles" sector. This competitive pressure could impact market share and profit margins.
  • The stock is trading significantly below its 52-week high of 22,000, currently at 16,650. This substantial drop suggests potential investor caution or market headwinds, posing a risk to future price appreciation.

Segment-wise Financial Analysis

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Fetching Balance Sheet...
Fetching Cash Flow...

Shareholding Pattern

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Company Insider Trading Activity

No insider trading data available

Corporate Action

Company Announcements

Technical Analysis & Indicators

Standard pivot points - most widely used

Pivot Points (CLASSIC)

LevelPriceDistance% Change
R423303.33+₹2583.33+12.47%
R322213.33+₹1493.33+7.21%
R221526.67+₹806.67+3.89%
R121123.33+₹403.33+1.95%
PIVOT20436.67-283.33-1.37%
CURRENT20720.00--
S117853.33-₹2866.67-13.84%
S218943.33-₹1776.67-8.57%
S319346.67-₹1373.33-6.63%
S420033.33-₹686.67-3.31%
CPR Levels
Support
Resistance
S4
S3
S2
S1
| CPR |
BC: N/AP: N/ATC: N/A
R1
R2
R3
R4
indicator
LTP: N/A
PDH: N/A
PDL: N/A
● Market Sentiment

is trading CPR, indicating

● CPR Width

CPR is

● Opening Range

Day's range: ~

● Price Position

Trading Inside opening range

Delivery Volume Analysis & Trading Activity

Latest Volume
1.14L
(16 Mar 2026)
-8.8% vs avg
Delivery %
13.6%
(16 Mar 2026)
-8.5% vs avg
Avg Volume (20D)
1.25L
(16 Feb - 16 Mar)
20-day average
Avg Delivery %
22.1%
(16 Feb - 16 Mar)
Trend ↓
Delivery % indicates the percentage of traded volume that resulted in actual delivery. Higher delivery % (>50%) suggests genuine buying interest and stronger hands.

Peer Comparison & Industry Benchmarking

Quick Compare

Largest by Market Cap
Cummins India Ltd
1.27L ₹ Cr
Best Profit Growth
Tata Motors Ltd
67.60 %
Highest Dividend Yield
Ashok Leyland Ltd
1.50 %

Peer Comparison

Company Name
ACE
Action Construction Equipment Ltd
ASHOKLEY
Ashok Leyland Ltd
BALUFORGE
Balu Forge Industries Ltd
BEML
BEML Ltd
COCHINSHIP
Cochin Shipyard Ltd
CRAFTSMAN
Craftsman Automation Ltd
CUMMINSIND
Cummins India Ltd
HAPPYFORGE
Happy Forgings Ltd
JWL
Jupiter Wagons Ltd
OLECTRA
Olectra Greentech Ltd
TITAGARH
Titagarh Rail Systems Ltd
TMCV
Tata Motors Ltd

About

FORCEMOT

Force Motors Ltd

Force Motors Limited is a fully integrated Indian automobile company with a broad portfolio encompassing the design, development, manufacturing, and sale of diverse automotive products. Their operations span the entire value chain, from creating individual components and aggregates to assembling complete vehicles for a wide variety of applications.

A significant portion of Force Motors' business revolves around the production and distribution of vehicles categorized into several distinct segments. These include passenger vehicles catering to individual consumers, specialized vehicles such as ambulances and school buses fulfilling specific societal needs, and delivery vans serving commercial purposes. The company also manufactures small, light, and multi-utility commercial vehicles designed for various business applications. Beyond these, they provide specialized utility vehicles with a focus on off-road and recreational vehicles, as well as vehicles designed for military use.

Further diversifying their offerings, Force Motors also produces and sells agricultural tractors, contributing to the agricultural sector in India and potentially beyond. This diversified product line allows the company to cater to a broad spectrum of market demands, reducing reliance on any single segment.

Force Motors' reach extends beyond the domestic Indian market, with a robust export division distributing their products to several international regions. These export markets include countries in the Middle East, Asia, Latin America, and Africa, highlighting the global appeal and competitive nature of their products. This international presence contributes significantly to the overall revenue and market position of the company.

Established in 1958 and headquartered in Pune, India, Force Motors has a long history of operation within the automotive industry. It functions as a subsidiary of Jaya Hind Industries Pvt. Ltd., indicating a strong backing and established corporate structure within a larger business group.

COMPANY FACTS - FORCEMOT

Registered Address

Bombay Pune Road, Akurdi

Pune

MAHARASHTRA

IN

Company Details

Group: Capital Goods

Sector: Industrials

Industry: Machinery

Exchange: NATIONAL STOCK EXCHANGE OF INDIA

Employees: 4,640

IPO Date: 19/08/2019

MANAGEMENT - FORCEMOT

Mr. Abhaykumar Firodia

Executive Chairman of the Board, Managing Director

Mr. Rishi Luharuka

Chief Financial Officer

Mr. Rohan Sampat

Compliance Officer, Company Secretary

Mr. Prasan Firodia

Managing Director, Executive Director

Mr. Prashant Inamdar

Executive Director - Operations

Mr. Vallabh Bhanshali

Non-Executive Independent Director

Mr. Mukesh Patel

Non-Executive Independent Director

Mr. Prataprao Pawar

Non-Executive Independent Director

Ms. Sonia Prashar

Additional Non-Executive Independent Director

Lt. Gen. (Retd.) Dr. Dattatray Shekatkar

Non-Executive Independent Director

Investor Questions Answered

Force Motors Ltd (FORCEMOT) Stock FAQs

Get answers to the most common questions about Force Motors Ltd stock price, fundamentals, financial metrics, and investment analysis

The current share price of Force Motors Ltd (FORCEMOT) is ₹20,720. Today, the stock has gained by ₹475.00 (2.35%), trading in a range of ₹19,750 to ₹20,840. The stock opened at ₹20,265 with a trading volume of 1,13,590 shares.
Force Motors Ltd can be considered for long-term investment based on several factors. The company has a market capitalization of ₹34,005.1 crores, P/E ratio of 31.57, ROE of 24.02%, and ROCE of 30.00%. The dividend yield stands at 0.16%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
The 52-week high price of Force Motors Ltd (FORCEMOT) is ₹26,450, while the 52-week low is ₹7,000. Currently trading at ₹20,720, the stock is 70.5% away from its 52-week low and 21.7% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
Whether to buy Force Motors Ltd stock at ₹20,720 depends on multiple factors. The stock is currently trading with a P/E ratio of 31.57 and P/B ratio of N/A. Today's performance shows a gain of 2.35%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
Force Motors Ltd offers a dividend yield of 0.16%, which means for every ₹100 invested at the current price of ₹20,720, you can expect to receive approximately ₹0.16 annually as dividends. The face value of the stock is ₹10.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
Force Motors Ltd's key financial metrics include: P/E Ratio: 31.57, P/B Ratio: N/A, ROE: 24.02%, ROCE: 30.00%, Dividend Yield: 0.16%, EPS: ₹817.42, Book Value: ₹2,302.19, Debt-to-Equity: 0.01, and Current Ratio: N/A. The company's market cap stands at ₹34,005.1 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
Force Motors Ltd stock opened at ₹20,265 and is currently trading at ₹20,720, showing a gain of ₹475.00 (2.35%). The intraday high is ₹20,840 and low is ₹19,750. The trading volume stands at 1,13,590 shares, indicating moderate market participation today.
Force Motors Ltd has a Price-to-Earnings (P/E) ratio of 31.57, which means investors are willing to pay ₹31.57 for every ₹1 of earnings. With an EPS of ₹817.42, this P/E ratio suggests the stock may be trading at a premium, possibly due to high growth expectations. Compare this with industry peers and historical P/E ratios for better context.
Force Motors Ltd has a market capitalization of ₹34,005.1 crores, making it a mid-cap company. Market cap is calculated by multiplying the current stock price (₹20,720) by the total number of outstanding shares. This metric helps investors understand the company's size, stability, and investment risk profile.
Force Motors Ltd has a book value of ₹2,302.19 per share and a Price-to-Book (P/B) ratio of N/A. The current market price is ₹20,720, which is 800.0% above the book value. A P/B ratio below 1 may indicate undervaluation or asset quality concerns.
Force Motors Ltd has a Return on Equity (ROE) of 24.02% and Return on Capital Employed (ROCE) of 30.00%. ROE measures how efficiently the company generates profits from shareholders' equity, while ROCE indicates how well the company uses its capital to generate profits. Both metrics are strong, indicating efficient capital utilization. Higher percentages generally indicate better financial performance.
Force Motors Ltd operates in the diversified sector and belongs to the general industry. The company competes with other players in this space and its performance is influenced by sector-specific trends, regulatory changes, and market dynamics. Understanding the sector helps investors assess growth potential, cyclical patterns, and industry-specific risks that may impact the stock's performance.
Force Motors Ltd has a debt-to-equity ratio of 0.01, which measures the company's financial leverage by comparing total debt to shareholders' equity. A low ratio suggests conservative financing with minimal debt. Lower ratios generally indicate lower financial risk, but optimal levels vary by industry.
Force Motors Ltd has an Earnings Per Share (EPS) of ₹817.42, which represents the company's profit allocated to each outstanding share. With a current stock price of ₹20,720 and P/E ratio of 31.57, investors are paying 31.57 times the annual earnings per share. This strong EPS indicates robust profitability. Track EPS growth over quarters to assess earnings momentum.
Force Motors Ltd has reported a sales growth of N/A% and profit growth of N/A%. The company may be facing growth challenges or operating in a mature market. Consistent growth over multiple quarters is a positive indicator for long-term investors. Compare these growth rates with industry peers for better perspective.
Force Motors Ltd has a current ratio of N/A, which measures the company's ability to pay short-term obligations with current assets. A ratio below 1 may indicate potential liquidity concerns. This metric is crucial for assessing the company's working capital management and financial safety.
To analyze Force Motors Ltd stock, consider: 1) Fundamental Analysis - Review P/E (31.57), ROE (24.02%), debt-to-equity (0.01), and growth rates. 2) Technical Analysis - Check 52-week range (₹7000.00 - ₹26450.00), moving averages, and chart patterns. 3) Valuation - Compare current price (₹20720.00) with book value (₹2302.19) and industry peers. 4) Financial Health - Assess current ratio (N/A) and cash flows. 5) Growth Prospects - Evaluate sales growth (N/A%) and profit growth (N/A%). Always diversify and consult a financial advisor.
The face value (or par value) of Force Motors Ltd share is ₹10.00. Face value is the nominal value of a share as stated in the company's charter and is used for accounting purposes and calculating dividends. The current market price of ₹20,720 is 207100x the face value. Face value remains constant unless the company undergoes a stock split or bonus issue, while market price fluctuates based on demand and supply.
Investing in Force Motors Ltd carries several risks: 1) Market Risk - Stock price volatility (52-week range: ₹7000.00 - ₹26450.00). 2) Business Risk - Industry-specific challenges in the sector. 3) Financial Risk - Debt-to-equity ratio of 0.01 indicates leverage. 4) Liquidity Risk - Based on trading volume of 1,13,590 shares. 5) Valuation Risk - P/E of 31.57 may indicate over/undervaluation. 6) Economic Risk - Macroeconomic factors affecting the industry. Diversify your portfolio and invest only what you can afford to lose.
Force Motors Ltd operates in the industry with key metrics: P/E ratio of 31.57, ROE of 24.02%, market cap of ₹34,005.1 crores, and dividend yield of 0.16%. To make an informed comparison, analyze these metrics against industry peers considering factors like revenue growth (N/A%), profit margins, debt levels (D/E: 0.01), and market position. Use our peer comparison tool on this page to see detailed side-by-side analysis with competitors.
Target prices for Force Motors Ltd vary among analysts and depend on multiple factors including earnings projections, industry trends, and market conditions. The stock is currently trading at ₹20,720, with a 52-week range of ₹7000.00 to ₹26450.00. Based on fundamentals like P/E (31.57), ROE (24.02%), and growth rates, analysts may have different target prices. Always refer to recent research reports from reputed brokerages and make decisions based on your own analysis and risk appetite.
Consider selling Force Motors Ltd stock when: 1) Target Price Achieved - If the stock reaches your predetermined target from current ₹20720.00. 2) Fundamental Deterioration - Declining ROE (currently 24.02%), increasing debt (D/E: 0.01), or falling growth rates. 3) Better Opportunities - Finding stocks with superior risk-reward ratios. 4) Portfolio Rebalancing - When the stock becomes overweight in your portfolio. 5) Changed Investment Thesis - If reasons for buying no longer hold. 6) Stop Loss - If price falls below your risk threshold. Always base decisions on thorough analysis rather than emotions.
Tax implications for Force Motors Ltd stock investments: 1) Short-term Capital Gains (STCG) - If sold within 1 year, gains taxed at 15% plus cess. 2) Long-term Capital Gains (LTCG) - If held over 1 year, gains above ₹1 lakh taxed at 10% without indexation. 3) Dividend Income - Dividends (current yield: 0.16%) are taxable as per your income tax slab. 4) Securities Transaction Tax (STT) - Applicable on both buy and sell transactions. 5) Intraday Trading - Treated as speculative income, taxed as per slab. Tax laws change periodically, so consult a tax advisor for personalized guidance and latest regulations.