FORCE MOTORS LTD
Consumer Discretionary›Automobile and Auto Components›Automobiles›Passenger Cars & Utility Vehicles
Key metrics
Price as of 2026-07-17
Stock price
₹18244.00
Market cap
24,046 Cr
Stock P/E
16.7
P/B
5.73
Dividend yield
0.2%
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Share price
NSE closing price from historical market data.
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Statement tables · Consolidated
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Amounts in ₹ Cr · NSE preferred when both exchanges report the same period · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,488 Cr | 1,802 Cr | 1,692 Cr | 6,992 Cr | 1,885 Cr | 3,826 Cr | 1,889 Cr | 2,356 Cr | 2,297 Cr | 2,081 Cr | 2,129 Cr | 2,550 Cr |
| Operating expenses (approx.) | 1,307 Cr | 1,577 Cr | 1,467 Cr | 6,044 Cr | 1,621 Cr | 3,271 Cr | 1,643 Cr | 1,614 Cr | 1,940 Cr | 1,694 Cr | 1,516 Cr | 2,102 Cr |
| EBITDA | 181 Cr | 225 Cr | 224 Cr | 948 Cr | 264 Cr | 555 Cr | 247 Cr | 742 Cr | 357 Cr | 387 Cr | 612 Cr | 448 Cr |
| OPM % | 12.1% | 12.5% | 13.3% | 13.6% | 14.0% | 14.5% | 13.1% | 31.5% | 15.5% | 18.6% | 28.8% | 17.6% |
| Other income | 11 Cr | 9 Cr | 4 Cr | 39 Cr | 15 Cr | 24 Cr | 15 Cr | 18 Cr | 25 Cr | 24 Cr | 27 Cr | 34 Cr |
| Interest | 18 Cr | 16 Cr | 14 Cr | 62 Cr | 9 Cr | 14 Cr | 4 Cr | 7 Cr | 0.13 Cr | 0.23 Cr | 0.16 Cr | 3 Cr |
| Depreciation | 63 Cr | 67 Cr | 68 Cr | 267 Cr | 69 Cr | 138 Cr | 71 Cr | 72 Cr | 70 Cr | 71 Cr | 73 Cr | 72 Cr |
| Profit before tax | 111 Cr | 151 Cr | 146 Cr | 619 Cr | 186 Cr | 403 Cr | 172 Cr | 663 Cr | 287 Cr | 316 Cr | 539 Cr | 373 Cr |
| Tax % | 34.9% | 35.0% | 35.1% | 35.0% | 35.6% | 35.4% | 35.9% | 35.2% | 35.4% | -10.6% | 25.3% | 26.7% |
| Net profit | 69 Cr | 94 Cr | 85 Cr | 388 Cr | 116 Cr | 251 Cr | 115 Cr | 435 Cr | 176 Cr | 351 Cr | 406 Cr | 279 Cr |
| EPS (₹) | ₹52.04 | ₹71.23 | ₹64.82 | ₹294.54 | ₹87.81 | ₹190.27 | ₹87.52 | ₹329.92 | ₹133.82 | ₹266.14 | ₹308.22 | ₹211.37 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,652 Cr | 3,081 Cr | 1,988 Cr | 3,240 Cr | 5,029 Cr | 6,992 Cr | 8,072 Cr | 9,057 Cr | Sign in for TTM |
| Operating expenses (approx.) | 3,374 Cr | 2,851 Cr | 1,975 Cr | 3,173 Cr | 4,491 Cr | 6,083 Cr | 6,528 Cr | 7,252 Cr | Sign in for TTM |
| EBITDA | 279 Cr | 230 Cr | 13 Cr | 67 Cr | 538 Cr | 909 Cr | 1,544 Cr | 1,805 Cr | Sign in for TTM |
| OPM % | 7.6% | 7.5% | 0.7% | 2.1% | 10.7% | 13.0% | 19.1% | 19.9% | Sign in for TTM |
| Other income | 82 Cr | 43 Cr | 25 Cr | 52 Cr | 62 Cr | 39 Cr | 57 Cr | 110 Cr | Sign in for TTM |
| Interest | 15 Cr | 28 Cr | 28 Cr | 41 Cr | 68 Cr | 62 Cr | 26 Cr | 3 Cr | Sign in for TTM |
| Depreciation | 151 Cr | 195 Cr | 174 Cr | 191 Cr | 241 Cr | 267 Cr | 280 Cr | 286 Cr | Sign in for TTM |
| Profit before tax | 194 Cr | 50 Cr | -164 Cr | -113 Cr | 291 Cr | 619 Cr | 1,238 Cr | 1,516 Cr | Sign in for TTM |
| Tax % | 24.1% | -16.4% | 31.9% | 34.2% | 47.7% | 35.0% | 35.3% | 20.1% | Sign in for TTM |
| Net profit | 143 Cr | 50 Cr | -124 Cr | -91 Cr | 134 Cr | 388 Cr | 801 Cr | 1,212 Cr | Sign in for TTM |
| EPS (₹) | ₹108.85 | ₹38.08 | ₹-93.83 | ₹-69.13 | ₹101.43 | ₹294.54 | ₹607.71 | ₹919.56 | Sign in for TTM |
| Dividend payout % | — | — | — | — | 9.9% | 3.4% | 3.3% | 4.3% | Sign in for TTM |
Sign in for TTM
Trailing twelve months totals and margin rows
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 13 Cr | 13 Cr | 13 Cr | 13 Cr | 13 Cr | 13 Cr | 13 Cr | 13 Cr |
| Reserves | 1,920 Cr | 1,952 Cr | 1,825 Cr | 1,735 Cr | 1,862 Cr | 2,242 Cr | 3,020 Cr | 4,181 Cr |
| Borrowings | 257 Cr | 235 Cr | 524 Cr | 1,069 Cr | 955 Cr | 525 Cr | 16 Cr | — |
| Other liabilities | 645 Cr | 896 Cr | 874 Cr | 842 Cr | 1,182 Cr | 1,633 Cr | 2,082 Cr | 2,341 Cr |
| Total liabilities | 2,836 Cr | 3,098 Cr | 3,238 Cr | 3,661 Cr | 4,013 Cr | 4,415 Cr | 5,134 Cr | 6,538 Cr |
| Fixed assets (net) | 1,081 Cr | 1,161 Cr | 1,013 Cr | 1,569 Cr | 1,604 Cr | 1,571 Cr | 1,524 Cr | 1,473 Cr |
| CWIP | 133 Cr | 175 Cr | 369 Cr | 156 Cr | 39 Cr | 26 Cr | 93 Cr | 236 Cr |
| Investments | 23 Cr | 78 Cr | 100 Cr | 111 Cr | 97 Cr | 91 Cr | 103 Cr | 98 Cr |
| Other assets | 1,093 Cr | 1,029 Cr | 883 Cr | 1,027 Cr | 1,566 Cr | 2,046 Cr | 2,581 Cr | 3,832 Cr |
| Total assets | 2,836 Cr | 3,098 Cr | 3,238 Cr | 3,661 Cr | 4,013 Cr | 4,415 Cr | 5,134 Cr | 6,538 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | — | — | — | 18 Cr | 532 Cr | 1,014 Cr | 971 Cr | 1,297 Cr |
| Cash from investing | — | — | — | -364 Cr | -256 Cr | -197 Cr | -351 Cr | -900 Cr |
| Cash from financing | — | — | — | 383 Cr | -207 Cr | -509 Cr | -562 Cr | -73 Cr |
| Net cash flow | — | — | — | 37 Cr | 68 Cr | 308 Cr | 58 Cr | 324 Cr |
| Free cash flow (OCF − Capex) | — | — | — | -389 Cr | 272 Cr | 806 Cr | 605 Cr | 757 Cr |
Ratios
Ratios as reported or derived per annual period.
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| ROCE % | 5.8% | 1.6% | -6.8% | -4.4% | 10.5% | 23.1% | 41.4% | 36.2% |
| ROE % | 7.4% | 2.6% | -6.7% | -5.2% | 7.1% | 17.2% | 26.4% | 28.9% |
| Debtor days | 17 | 20 | 23 | 21 | 14 | 5 | — | — |
| Inventory days | 65 | 94 | 134 | 90 | 77 | 81 | 72 | 71 |
| Days payable | 51 | 99 | 140 | 73 | 69 | 60 | — | — |
| Cash conversion cycle | 31 | 15 | 17 | 38 | 22 | 27 | 72 | 71 |
| Debt / equity | 0.13 | 0.12 | 0.28 | 0.61 | 0.51 | 0.23 | 0.0053 | — |
| Current ratio | 1.67 | 1.13 | 1.01 | 0.80 | 1.04 | 1.25 | 1.50 | 1.87 |
| Net debt / EBITDA | 0.90 | 0.73 | 37.33 | 14.85 | 1.51 | 0.08 | -0.32 | -0.46 |
Compare with peers
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