Force Motors Ltd.
Price
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What the numbers say
- Good return on equity: 3-year ROE 27.5%.
- Comfortable leverage: debt-to-equity of 0.00.
- Sales compounded at 21.7% over 3 years.
- Profits convert to cash well (CFO/OP 1.05).
- Trades below its industry P/E (18.2 vs 34.4).
Generated automatically from reported financials. These are observations, not a recommendation to buy or sell.
- Force Motors reports 57% growth in total sales in September 2026
The company exported 74 units of SCV, LCV, UV and SUV in September 2026 against 124 units in September 2025, a fall of 40.32%
- Force Motors reports 58.22% jump in total sales during August 2026
The company’s domestic sales for SCV, LCV, UV and SUV soared 62.14% at 3,721 units in August 2026
- Force Motors reports 37% rise in total sales during July 2026
Out of total, the company’s domestic sales for SCV, LCV, UV and SUV grew 38.44% at 3,738 units in July 2026 as compared to 2,700 units sold in July 2025
- Force Motors reports 24% rise in total sales during June
The company has exported 21 units of SCV, LCV, UV and SUV in month of June 2026 against 88 units in June 2025, a fall of 76.14%
- Force Motors signs MoU with MoRTH
The OEM will provide an 8 per cent discount on the ex-showroom price of eligible trucks and buses purchased under the scheme
Company announcements as filed with the exchanges. Reproduced for information — not a view or a recommendation.
| Profit & Loss · ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| Net Sales | 9,057 | 8,072 | 6,992 | 5,029 | 3,240 |
| Other income | 110 | 57 | 39 | 62 | 52 |
| Total Income | 9,168 | 8,128 | 7,031 | 5,091 | 3,292 |
| Expenditure | 7,574 | 6,979 | 6,083 | 4,699 | 3,173 |
| Operating Profit | 1,594 | 1,149 | 948 | 392 | 119 |
| Interest | 3 | 26 | 62 | 68 | 41 |
| Depreciation | 286 | 280 | 267 | 241 | 191 |
| Profit before tax | 1,516 | 1,238 | 605 | 272 | -130 |
| Tax | 304 | 437 | 217 | 139 | -39 |
| Net Profit | 1,212 | 801 | 388 | 134 | -91 |
| EPS (₹) | 919.56 | 607.71 | 294.54 | 101.43 | -69.13 |
| Net margin % | 13.4 | 9.9 | 5.6 | 2.7 | -2.8 |
Consolidated figures, as filed with the exchanges. Newest year first.
| Balance Sheet · ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| Equity capital | 13 | 13 | 13 | 13 | 13 |
| Reserves | 4,181 | 3,020 | 2,242 | 1,862 | 1,735 |
| Net worth | 4,194 | 3,033 | 2,255 | 1,875 | 1,748 |
| Total sources | 4,266 | 3,084 | 2,676 | 2,504 | 2,378 |
| Net block | 1,908 | 1,962 | 2,025 | 2,087 | 2,028 |
| Capital work in progress | 536 | 287 | 171 | 154 | 302 |
| Investments | 248 | 297 | 166 | 195 | 205 |
| Inventory | 1,258 | 1,184 | 1,163 | 827 | 637 |
| Debtors | 191 | 174 | 104 | 197 | 189 |
| Cash & bank | 832 | 507 | 449 | 141 | 75 |
| Book value (₹) | 3182.36 | 2301.54 | 1711.03 | 1422.63 | 1326.15 |
Consolidated figures, as filed with the exchanges. Newest year first.
| Cash Flow · ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| From operations | 1,297 | 1,546 | 1,014 | 532 | 18 |
| From investing | -900 | -926 | -198 | -256 | -356 |
| From financing | -73 | -562 | -509 | -207 | 375 |
| Net change in cash | 324 | 58 | 308 | 68 | 37 |
| Free cash flow | 397 | 620 | 817 | 275 | -337 |
| Closing cash | 830 | 507 | 448 | 140 | 72 |
Consolidated figures, as filed with the exchanges. Newest year first.
| Ratios | FY26 | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| ROCE % | 41.9 | 43.4 | 23.8 | 12.1 | -3.3 |
| ROE % | 33.5 | 30.3 | 18.8 | 7.4 | -5.1 |
| PAT margin % | 13.4 | 9.9 | 5.6 | 2.7 | -2.8 |
| EBIT margin % | 16.8 | 15.7 | 9.5 | 6.8 | -2.7 |
| Debt / equity | 0.00 | 0.01 | 0.23 | 0.51 | 0.61 |
| Current ratio | 1.87 | 1.50 | 1.25 | 1.04 | 0.80 |
| Interest cover | 465.94 | 48.86 | 10.74 | 4.98 | -2.16 |
| Sales growth % | 12.2 | 15.4 | 39.0 | 55.2 | 63.0 |
| Dividend per share (₹) | 50.00 | 40.00 | 20.00 | 10.00 | 10.00 |
| Payout % | 5.4 | 6.6 | 6.8 | 9.9 | -14.5 |
Consolidated figures, as filed with the exchanges. Newest year first.
Frequently asked
Force Motors Ltd. (FORCEMOT) last traded at ₹16,768.00 on the NSE, down +0.69% on the session. Prices on this page are indicative and for information only.
Force Motors Ltd. has traded between ₹16,109.00 and ₹26,450.00 over the last 52 weeks on the NSE.
Force Motors Ltd. has a market capitalisation of about ₹22,100 crore.
Force Motors Ltd. trades at a P/E of 18.2, against an industry P/E of 34.4.
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Who is actually trading it
Delivery against churn, the deals big enough to be reported, what the insiders did, and the benchmarks that hold Force Motors Ltd..
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Exchange filings and end-of-day data, not a live feed. Bulk, block and insider records are published by the exchanges when a threshold is crossed, so they show reportable activity only. For information, not a recommendation to deal, and not a view on any person named above.
Disclosures. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Registration granted by SEBI, membership of BASL (in case of IAs) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
Prices and data on this page are indicative and for information only. Nothing here is investment advice or a recommendation to buy or sell any security. Investors should consider their own objectives, financial situation and risk profile, and may wish to seek independent advice, before investing.
Figures are as reported by the company; consolidated where available. Errors and omissions excepted.
L. F. C. Securities Pvt. Ltd. · Member BSE, NSE, MCX · SEBI Stock Broker INZ000170736 · CDSL IN-DP-281-2016 · AMFI ARN-78991 · Investment Adviser (Non-Individual) INA000011617 · Compliance Officer: Mr. Santosh Patil · santoshp@labdhi.in · 022-35006933 · Investor Grievances: investorgreve@labdhi.in