FORCE MOTORS Latest Share Price (FORCEMOT)
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FORCEMOT fell 2.6% on light volume, lagging Nifty's -0.3% move.
With a market cap of ₹23,328.57 Cr., it trades at a P/E of 18.64. Track live valuations, technical indicators, and peers comparison below. Check delivery conviction and recent filings to build your view.
How good is this company?
Overall performance across 5 key dimensions.
FORCE MOTORS flags & news
Key strengths, potential risks, and recent updates.
Green Flags
- ●High Capital EfficiencyROCE of 32.4% indicating pricing power
- ●Strong Return on EquityHealthy ROE of 28.4%
- ●Healthy Operating MarginsOPM is structurally strong at 16.8%
- ●High Promoter HoldingPromoters hold 61.6% skin-in-the-game
- ●Virtually Debt-FreeVery low Debt-to-Equity of 0.00x
- ●Positive Free Cash FlowFCF has been positive for 3 consecutive years
- ●Zero Pledge RiskNo recent active promoter pledging found
Red Flags
- ●Earnings DeclineEPS (TTM) has contracted by 37.0% YoY
- ●FII SellingFII holding decreased by 1.41% QoQ
Latest FORCE MOTORS News
What changed recently?
Recent events, corporate actions, and announcements.
FORCE MOTORS valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for FORCE MOTORS, framed against the sector median so the premium or discount is obvious at a glance.
FORCE MOTORS trades at a P/E of 18.64× and P/B of 5.56×.
Market-priced ratios use the latest available quote; accounting metrics use the latest reported filing. Compare values with matched peers and the company's own history.
Valuation
Profitability
Growth
Financial Health
FORCE MOTORS technical analysis: indicators, pivots and CPR.
Latest RSI, MACD and moving-average signals plus the latest pivot and Central Pivot Range levels for FORCE MOTORS — derived from the latest tape, not yesterday's close.
FORCE MOTORS last traded at ₹17,705 with an intraday range of ₹17,630–₹18,048 — latest indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Last: ₹17705.00| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 18794.67 | +1089.67 | +6.15% |
| R3 | 18376.67 | +671.67 | +3.79% |
| R2 | 18212.33 | +507.33 | +2.87% |
| R1 | 17958.67 | +253.67 | +1.43% |
| PIVOT | 17794.33 | 89.33 | 0.50% |
| CURRENT | 17705.00 | — | — |
| S1 | 17540.67 | -164.33 | -0.93% |
| S2 | 17376.33 | -328.67 | -1.86% |
| S3 | 17122.67 | -582.33 | -3.29% |
| S4 | 16704.67 | -1000.33 | -5.65% |
FORCEMOT is trading Below CPR, indicating Bearishness
CPR is Wider, suggesting unlikely for trending moves
Day's range: ₹17640–₹18048
Trading Inside opening range
FORCE MOTORS financials: P&L, balance sheet, cash flow, ratios.
Reported annual and quarterly results for FORCE MOTORS — consolidated or standalone — with margins, YoY growth and key ratios inline.
FORCE MOTORS reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹23,328.57 Cr. and reported EPS of ₹164.36.
| Metric | Mar 2025 | Mar 2026 |
|---|---|---|
| Revenue from Operations | 8,072 | 9,057 ▲ 12.2% |
| Sales Growth YoY %Derived | 15.44% | 12.21% |
| Other Income | 57 | 110 ▲ 95.3% |
| Total Income | 8,128 | 9,168 ▲ 12.8% |
| 5,947 | 6,405 ▲ 7.7% | |
| Gross ProfitDerived | 2,125 | 2,652 ▲ 24.8% |
| Gross Margin %Derived | 26.32% | 29.29% |
| 1,032 | 1,169 ▲ 13.3% | |
| EBITDA (Operating Profit)Derived | 1,093 | 1,483 ▲ 35.7% |
| OPM %Derived | 13.54% | 16.38% |
| 701 | 500 ▼ 28.6% | |
| Profit Before Tax (PBT) | 1,238 | 1,516 ▲ 22.4% |
| 437 | 304 ▼ 30.5% | |
| Effective Tax %Derived | 35.34% | 20.06% |
| Total Profit for Period | 801 | 1,212 ▲ 51.3% |
| Less: Non-controlling Interests | 0 | 0 ▲ 0.0% |
| Net Profit (Owner's PAT)Derived | 801 | 1,212 ▲ 51.3% |
| Net Profit Margin %Derived | 9.92% | 13.38% |
| PAT Growth YoY %Derived | 106.33% | 51.31% |
| Earnings Per Share (EPS ₹) | 607.71 | 919.56 ▲ 51.3% |
| Diluted Shares Outstanding (Cr) | 1 | 1 ▲ 0.0% |
| Share of Profit from Associates/JVs | 1 | 0 ▼ 78.8% |
| Other Comprehensive Income (Net of Tax) | 4 | 2 ▼ 49.0% |
| Total Expenses (incl. D&A & Interest) | 6,891 | 7,652 ▲ 11.0% |
| Material Cost % of RevenueDerived | 73.82% | 70.96% |
| Employee Cost % of RevenueDerived | 7.33% | 7.58% |
| Other Cost % of RevenueDerived | 5.45% | 5.33% |
| Interest Coverage (x)Derived | 31.41x | 367.23x |
| Period | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Trend |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 3,652 | 3,081 ▼ 15.7% | 1,988 ▼ 35.5% | 3,240 ▲ 63.0% | 5,029 ▲ 55.2% | 6,992 ▲ 39.0% | 8,072 ▲ 15.4% | 9,057 ▲ 12.2% | |
| Sales Growth YoY %Derived | — | -15.66% | -35.46% | 62.98% | 55.20% | 39.04% | 15.44% | 12.21% | |
| Other Income | 82 | 43 ▼ 47.6% | 25 ▼ 41.8% | 52 ▲ 108.4% | 62 ▲ 19.6% | 39 ▼ 37.0% | 57 ▲ 44.7% | 110 ▲ 95.3% | |
| Total Income | 3,734 | 3,123 ▼ 16.4% | 2,013 ▼ 35.5% | 3,292 ▲ 63.5% | 5,091 ▲ 54.6% | 7,031 ▲ 38.1% | 8,128 ▲ 15.6% | 9,168 ▲ 12.8% | |
2,780 | 2,223 ▼ 20.1% | 1,494 ▼ 32.8% | 2,619 ▲ 75.3% | 3,920 ▲ 49.7% | 5,124 ▲ 30.7% | 5,947 ▲ 16.1% | 6,405 ▲ 7.7% | ||
| Gross ProfitDerived | 872 | 858 ▼ 1.6% | 494 ▼ 42.4% | 621 ▲ 25.6% | 1,109 ▲ 78.5% | 1,868 ▲ 68.4% | 2,125 ▲ 13.8% | 2,652 ▲ 24.8% | |
| Gross Margin %Derived | 23.87% | 27.84% | 24.87% | 19.17% | 22.05% | 26.71% | 26.32% | 29.29% | |
593 | 589 ▼ 0.7% | 481 ▼ 18.3% | 554 ▲ 15.1% | 779 ▲ 40.6% | 959 ▲ 23.1% | 1,032 ▲ 7.6% | 1,169 ▲ 13.3% | ||
| EBITDA (Operating Profit)Derived | 279 | 269 ▼ 3.6% | 13 ▼ 95.1% | 67 ▲ 412.4% | 330 ▲ 391.3% | 909 ▲ 175.5% | 1,093 ▲ 20.3% | 1,483 ▲ 35.7% | |
| OPM %Derived | 7.63% | 8.73% | 0.66% | 2.07% | 6.56% | 13.00% | 13.54% | 16.38% | |
166 | 183 ▲ 10.3% | 202 ▲ 10.1% | 232 ▲ 14.9% | 517 ▲ 123.1% | 329 ▼ 36.4% | 701 ▲ 113.0% | 500 ▼ 28.6% | ||
| Profit Before Tax (PBT) | 194 | 50 ▼ 74.1% | -164 ▼ 426.4% | -113 ▲ 31.1% | 291 ▲ 357.6% | 619 ▲ 112.7% | 1,238 ▲ 100.0% | 1,516 ▲ 22.4% | |
47 | -8 ▼ 117.7% | -52 ▼ 533.3% | -39 ▲ 26.1% | 139 ▲ 458.8% | 217 ▲ 56.4% | 437 ▲ 101.7% | 304 ▼ 30.5% | ||
| Effective Tax %Derived | 24.06% | -16.45% | 31.92% | 34.21% | 47.65% | 35.04% | 35.34% | 20.06% | |
| Total Profit for Period | 143 | 50 ▼ 64.9% | -124 ▼ 345.8% | -91 ▲ 26.3% | 134 ▲ 247.0% | 388 ▲ 190.3% | 801 ▲ 106.3% | 1,212 ▲ 51.3% | |
| Less: Non-controlling Interests | 0 | 0 ▲ 11.1% | 0 ▼ 10.0% | 0 ▲ 0.0% | 0 ▲ 11.1% | 0 ▲ 20.0% | 0 ▲ 0.0% | 0 ▲ 0.0% | |
| Net Profit (Owner's PAT)Derived | 143 | 50 ▼ 65.0% | -124 ▼ 346.4% | -91 ▲ 26.3% | 134 ▲ 246.7% | 388 ▲ 190.4% | 801 ▲ 106.3% | 1,212 ▲ 51.3% | |
| Net Profit Margin %Derived | 3.92% | 1.63% | -6.22% | -2.81% | 2.66% | 5.55% | 9.92% | 13.38% | |
| PAT Growth YoY %Derived | — | -65.00% | -346.42% | 26.33% | 246.73% | 190.40% | 106.33% | 51.31% | |
| Earnings Per Share (EPS ₹) | 108.78 | 38.08 ▼ 65.0% | -93.83 ▼ 346.4% | -69.12 ▲ 26.3% | 101.42 ▲ 246.7% | 294.54 ▲ 190.4% | 607.71 ▲ 106.3% | 919.56 ▲ 51.3% | |
| Diluted Shares Outstanding (Cr) | 1 | 1 ▲ 0.0% | 1 ▲ 0.0% | 1 ▲ 0.0% | 1 ▲ 0.0% | 1 ▲ 0.0% | 1 ▲ 0.0% | 1 ▲ 0.0% | |
| Share of Profit from Associates/JVs | -4 | -8 ▼ 104.7% | -12 ▼ 45.6% | -17 ▼ 39.5% | -19 ▼ 11.6% | -14 ▲ 25.6% | 1 ▲ 103.8% | 0 ▼ 78.8% | |
| Other Comprehensive Income (Net of Tax) | 5 | -1 ▼ 130.8% | 10 ▲ 768.0% | 8 ▼ 21.5% | 7 ▼ 13.2% | 5 ▼ 22.3% | 4 ▼ 25.0% | 2 ▼ 49.0% | |
| Total Expenses (incl. D&A & Interest) | 3,540 | 3,073 ▼ 13.2% | 2,177 ▼ 29.2% | 3,405 ▲ 56.4% | 4,800 ▲ 41.0% | 6,412 ▲ 33.6% | 6,891 ▲ 7.5% | 7,652 ▲ 11.0% | |
| Material Cost % of RevenueDerived | 77.06% | 69.47% | 76.47% | 79.66% | 78.11% | 74.82% | 73.82% | 70.96% | |
| Employee Cost % of RevenueDerived | 11.45% | 13.20% | 17.66% | 11.36% | 8.40% | 7.63% | 7.33% | 7.58% | |
| Other Cost % of RevenueDerived | 4.79% | 5.92% | 6.55% | 5.74% | 7.09% | 6.09% | 5.45% | 5.33% | |
| Interest Coverage (x)Derived | 8.34x | 2.67x | -5.69x | -3.02x | 1.30x | 10.33x | 31.41x | 367.23x |
FORCE MOTORS segment analysis : revenue and profit mix.
Disclosed business segments at FORCE MOTORS with their share of revenue and profit, switchable between consolidated and standalone reporting.
FORCE MOTORS discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
The Bull, Bear, and Flip case for FORCE MOTORS.
Our AI distills the core fundamental drivers supporting FORCE MOTORS, the risks that threaten it, and the quantitative conditions that could weaken the thesis.
FORCE MOTORS's investment case rests on 10 positive markers and 10 flagged concerns drawn from the latest reported filings.
What you're getting.
ROE 28.87% and ROCE 36.07% substantially exceed automotive sector peer averages significantly.
Operating margin 13.22% and net margin 13.38% demonstrate superior profitability versus peers.
Debt-to-equity 0.00 with zero total debt ensures fortress balance sheet and financial flexibility.
Operating cash flow ₹269.52 Cr supports capex, dividends, and strategic investments sustainably.
Promoter holding 61.63% signals strong founder alignment and long-term strategic commitment.
Key Risks.
Latest quarterly EPS declined 35.9% YoY despite revenue growth, indicating earnings volatility.
TTM EPS declined 37.0% YoY, reflecting sustained earnings pressure and investor concern.
P/E 20.02x elevated relative to historical norms, valuation stretched near recent peaks.
Dividend yield 0.29% minimal, unattractive for income-focused investors seeking returns.
Stock trades 73% of 52-week high ₹26,450, suggesting downside risk remains unresolved.
Flip Conditions.
Valuation risk. a P/E above 24 would leave less room for earnings disappointment.
Reassess if quarterly profit growth turns negative for two consecutive quarters. The bull case relies on compounding earnings.
Return-quality risk. ROE below 23% would indicate weaker capital compounding.
Income thesis breaks if the dividend is cut or yield falls below 0.14%.
FORCE MOTORS peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — FORCE MOTORS is highlighted for quick read-across.
Quick Compare
Peer Comparison
| Company Name |
|---|
FORCE MOTORS chart patterns: breakouts, tops and bottoms.
Auto-detected classical chart patterns for FORCE MOTORS — Double Top/Bottom, Head & Shoulders, Triple Bottom and more — with break levels, targets and quality scores across Intraday, Daily and Weekly timeframes.
FORCE MOTORS delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for FORCE MOTORS over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in FORCE MOTORS stood at 37.8% of traded volume, against a 20-day average of 37.9%.
FORCE MOTORS announcements: results, concalls, ratings, M&A.
Filings FORCE MOTORS sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
FORCE MOTORS files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 131 documents below.
Monthly Business Updates
FORCE MOTORS LTD has informed the Exchange regarding Monthly Business Updates for the month of August 2026
Copy of Newspaper Publication
FORCE MOTORS LTD has informed the Exchange about Copy of Newspaper Publication of Notice of 67th AGM
Updates
FORCE MOTORS LTD has informed the Exchange regarding 'date of payment of Dividend'.
Updates
FORCE MOTORS LTD has informed the Exchange regarding 'intimation of book closure'-10-09-2026 to 16-09-2026 (both days inclusive).
Record Date
FORCE MOTORS LTD has informed the Exchange that Record date for the purpose of Dividend is 09-Sep-2026.
Investor decks & rating reports.
FORCE MOTORS dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue FORCE MOTORS has declared, sequenced by announce and record date.
FORCE MOTORS corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About FORCE MOTORS: business, sector, key facts.
What FORCE MOTORS does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
FORCE MOTORS operates in the Passenger Cars & Utility Vehicles industry under the Automobile and Auto Components sector, listed as NSE: FORCEMOT, BSE: 500033.
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.
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Questions investors ask about FORCE MOTORS (FORCEMOT).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of FORCE MOTORS (FORCEMOT)?
The current share price of FORCE MOTORS (FORCEMOT) is ₹17,705.00. Today, the stock has declined by ₹470.00 (2.59%), trading in a range of ₹17,630.00 to ₹18,048.00. The stock opened at ₹18,000.00 with a trading volume of 65,131 shares.
02Is FORCE MOTORS stock a good investment for long-term?
FORCE MOTORS can be considered for long-term investment based on several factors. The company has a market capitalization of ₹23,328.57 Cr., P/E ratio of 18.64, ROE of 28.41%, and ROCE of 32.35%. The dividend yield stands at 0.28%. 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.
03What is the 52-week high and low price of FORCE MOTORS stock?
The 52-week high price of FORCE MOTORS (FORCEMOT) is ₹26,450.00, while the 52-week low is ₹14,911.00. Currently trading at ₹17,705.00, the stock is 18.74% above its 52-week low and 33.06% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy FORCE MOTORS stock at the current price?
Whether to buy FORCE MOTORS stock at ₹17,705.00 depends on multiple factors. The stock is currently trading with a P/E ratio of 18.64 and P/B ratio of 5.56. Today's performance shows a loss of 2.59%. 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.
05What is the dividend yield of FORCE MOTORS and when is the next dividend?
FORCE MOTORS offers a dividend yield of 0.28%, which means for every ₹100 invested at the current price of ₹17,705.00, you can expect to receive approximately ₹0.28 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.
06What are the key financial ratios and metrics of FORCE MOTORS?
FORCE MOTORS's key financial metrics include: P/E Ratio: 18.64, P/B Ratio: 5.56, ROE: 28.41%, ROCE: 32.35%, Dividend Yield: 0.28%, EPS: ₹164.36, Book Value: ₹3,185.13, and Debt-to-Equity: 0. The company's market cap stands at ₹23,328.57 Cr.. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is FORCE MOTORS stock performing today in the market?
FORCE MOTORS stock opened at ₹18,000.00 and is currently trading at ₹17,705.00, showing a decline of ₹470.00 (2.59%). The intraday high is ₹18,048.00 and low is ₹17,630.00. The trading volume stands at 65,131 shares, indicating moderate market participation today.
08What is the P/E ratio of FORCE MOTORS and what does it indicate?
FORCE MOTORS has a Price-to-Earnings (P/E) ratio of 18.64, which means investors are willing to pay 18.64 for every ₹1 of earnings. With an EPS of ₹164.36, this P/E ratio indicates moderate valuation in line with market standards. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about FORCE MOTORS (FORCEMOT) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.