Ankündigung • Jul 23
Force Motors Limited to Report Q1, 2027 Results on Jul 29, 2026 Force Motors Limited announced that they will report Q1, 2027 results on Jul 29, 2026 New Risk • Jul 22
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 0.3% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Ankündigung • Jul 17
Force Motors Limited Announces Resignation of Amit Pramod Joshi from Associate Vice President Role, Effective July 17, 2026 Force Motors Limited had announced that Mr. Amit Pramod Joshi, Associate Vice President, designated as Senior Management Personnel, had tendered his resignation on account of personal reason and was relieved with effect from July 17, 2026. Mr. Amit Pramod Joshi resigned from the position of Associate Vice President, Corporate Strategy department of the Company with effect from July 17, 2026, owing to personal reasons. Reported Earnings • May 05
Full year 2026 earnings released: EPS: ₹920 (vs ₹608 in FY 2025) Full year 2026 results: EPS: ₹920 (up from ₹608 in FY 2025). Revenue: ₹91.7b (up 14% from FY 2025). Net income: ₹12.1b (up 51% from FY 2025). Profit margin: 13% (up from 9.9% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has increased by 142% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Apr 24
Force Motors Limited (BSE:500033) completed the acquisition of Veera Tanneries Private Limited for INR 1.6 billion. Force Motors Limited (BSE:500033) agreed a principal proposal to acquire Veera Tanneries Private Limited on February 4, 2026. As of February 6, 2026, Force Motors Limited have executed a Memorandum of Understanding to acquire 100% shares in Veera Tanneries Private Limited for a total consideration of INR 1.8 billion. A cash consideration INR 1.75 billion will be paid by Force Motors Limited. As part of consideration, INR 1.75 billion value is paid towards common equity of Veera Tanneries Private Limited.
For the period ending March 31, 2025, Veera Tanneries Private Limited reported total revenue of INR 3.6 million.
The transaction is subject to to deduction of applicable taxes, subject to undertaking the requisite due-diligence and subject to mutually agreed terms and conditions, which agreed terms and conditions shall form of the definitive agreements. The deal has been approved by the Force Motors Limited's board of directors.
The proposed acquisition is expected to be completed before March 31, 2026.
Force Motors Limited (BSE:500033) completed the acquisition of Veera Tanneries Private Limited for INR 1.6 billion on April 23, 2026. Ankündigung • Apr 22
Force Motors Limited to Report Q4, 2026 Results on Apr 29, 2026 Force Motors Limited announced that they will report Q4, 2026 results on Apr 29, 2026 New Risk • Mar 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹21,466, the stock trades at a trailing P/E ratio of 20.7x. Average trailing P/E is 25x in the Machinery industry in India. Total returns to shareholders of 1,619% over the past three years. Valuation Update With 7 Day Price Move • Feb 11
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₹24,920, the stock trades at a trailing P/E ratio of 24x. Average trailing P/E is 26x in the Machinery industry in India. Total returns to shareholders of 1,860% over the past three years. Reported Earnings • Feb 05
Third quarter 2026 earnings released: EPS: ₹308 (vs ₹87.52 in 3Q 2025) Third quarter 2026 results: EPS: ₹308 (up from ₹87.52 in 3Q 2025). Revenue: ₹21.6b (up 14% from 3Q 2025). Net income: ₹4.06b (up 252% from 3Q 2025). Profit margin: 19% (up from 6.1% in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has increased by 144% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Jan 29
Force Motors Limited to Report Q3, 2026 Results on Feb 04, 2026 Force Motors Limited announced that they will report Q3, 2026 results on Feb 04, 2026 Reported Earnings • Nov 08
Second quarter 2026 earnings released: EPS: ₹266 (vs ₹102 in 2Q 2025) Second quarter 2026 results: EPS: ₹266 (up from ₹102 in 2Q 2025). Revenue: ₹21.1b (up 8.5% from 2Q 2025). Net income: ₹3.51b (up 160% from 2Q 2025). Profit margin: 17% (up from 7.0% in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has increased by 137% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Oct 31
Force Motors Limited to Report Q2, 2026 Results on Nov 07, 2025 Force Motors Limited announced that they will report Q2, 2026 results on Nov 07, 2025 Board Change • Oct 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Additional Non-Executive Independent Director Sonia Prashar was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • Aug 27
Dividend increased to ₹40.00 Dividend of ₹40.00 is 100% higher than last year. Ex-date: 10th September 2025 Payment date: 17th October 2025 Dividend yield will be 0.2%, which is lower than the industry average of 0.6%. Sustainability & Growth Dividend is well covered by both earnings (7% earnings payout ratio) and cash flows (9% cash payout ratio). The dividend has increased by an average of 30% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 71% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Ankündigung • Aug 26
Force Motors Limited, Annual General Meeting, Sep 17, 2025 Force Motors Limited, Annual General Meeting, Sep 17, 2025, at 15:00 Indian Standard Time. Reported Earnings • Jul 24
First quarter 2026 earnings released: EPS: ₹134 (vs ₹87.81 in 1Q 2025) First quarter 2026 results: EPS: ₹134 (up from ₹87.81 in 1Q 2025). Revenue: ₹23.2b (up 23% from 1Q 2025). Net income: ₹1.76b (up 52% from 1Q 2025). Profit margin: 7.6% (up from 6.1% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has increased by 166% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Jul 16
Force Motors Limited to Report Q1, 2026 Results on Jul 23, 2025 Force Motors Limited announced that they will report Q1, 2026 results on Jul 23, 2025 Valuation Update With 7 Day Price Move • Jul 10
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹16,618, the stock trades at a trailing P/E ratio of 27.3x. Average trailing P/E is 34x in the Machinery industry in India. Total returns to shareholders of 1,595% over the past three years. Ankündigung • Jul 02
Force Motors Limited Announces Cessation of Sanjay Kumar Bohra as Key Managerial Personal, with Effect from July 1, 2025 Force Motors Limited announced earlier communication dated 9th June, 2025 with respect to cessation of Mr. Sanjay Kumar Bohra as Chief Financial Officer and Key Managerial Personal of the Company, the company informed that Mr. Sanjay Kumar Bohra has ceased to be a Senior Managerial Official of the Company with effect from 1st July, 2025. New Risk • Jul 01
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.2% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.2% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹13,941, the stock trades at a trailing P/E ratio of 22.9x. Average trailing P/E is 33x in the Machinery industry in India. Total returns to shareholders of 1,417% over the past three years. New Risk • May 29
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.3% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • May 29
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹12,333, the stock trades at a trailing P/E ratio of 20.3x. Average trailing P/E is 33x in the Machinery industry in India. Total returns to shareholders of 1,090% over the past three years. Valuation Update With 7 Day Price Move • May 07
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹10,285, the stock trades at a trailing P/E ratio of 16.9x. Average trailing P/E is 30x in the Machinery industry in India. Total returns to shareholders of 927% over the past three years. Reported Earnings • Apr 26
Full year 2025 earnings released: EPS: ₹608 (vs ₹295 in FY 2024) Full year 2025 results: EPS: ₹608 (up from ₹295 in FY 2024). Revenue: ₹81.3b (up 16% from FY 2024). Net income: ₹8.01b (up 106% from FY 2024). Profit margin: 9.9% (up from 5.6% in FY 2024). Over the last 3 years on average, earnings per share has increased by 92% per year whereas the company’s share price has increased by 97% per year. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹8,462, the stock trades at a trailing P/E ratio of 22x. Average trailing P/E is 30x in the Machinery industry in India. Total returns to shareholders of 700% over the past three years. Buy Or Sell Opportunity • Mar 17
Now 20% undervalued Over the last 90 days, the stock has risen 4.4% to ₹7,077. The fair value is estimated to be ₹8,851, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹7,660, the stock trades at a trailing P/E ratio of 19.9x. Average trailing P/E is 29x in the Machinery industry in India. Total returns to shareholders of 643% over the past three years. Reported Earnings • Feb 11
Third quarter 2025 earnings released: EPS: ₹87.52 (vs ₹64.82 in 3Q 2024) Third quarter 2025 results: EPS: ₹87.52 (up from ₹64.82 in 3Q 2024). Revenue: ₹18.9b (up 12% from 3Q 2024). Net income: ₹1.15b (up 35% from 3Q 2024). Profit margin: 6.1% (up from 5.0% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has only increased by 79% per year, which means it is significantly lagging earnings growth. Ankündigung • Feb 03
Force Motors Limited to Report Q3, 2025 Results on Feb 10, 2025 Force Motors Limited announced that they will report Q3, 2025 results on Feb 10, 2025 Valuation Update With 7 Day Price Move • Nov 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹7,385, the stock trades at a trailing P/E ratio of 20.4x. Average trailing P/E is 37x in the Machinery industry in India. Total returns to shareholders of 379% over the past three years. Reported Earnings • Oct 30
Second quarter 2025 earnings released: EPS: ₹102 (vs ₹71.23 in 2Q 2024) Second quarter 2025 results: EPS: ₹102 (up from ₹71.23 in 2Q 2024). Revenue: ₹19.5b (up 8.2% from 2Q 2024). Net income: ₹1.35b (up 44% from 2Q 2024). Profit margin: 6.9% (up from 5.2% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 74% per year, which means it is significantly lagging earnings growth. Ankündigung • Oct 23
Force Motors Limited to Report Q2, 2025 Results on Oct 29, 2024 Force Motors Limited announced that they will report Q2, 2025 results on Oct 29, 2024 Buy Or Sell Opportunity • Oct 07
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 19% to ₹6,905. The fair value is estimated to be ₹8,750, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 37% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Sep 12
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 23% to ₹7,079. The fair value is estimated to be ₹8,929, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 37% over the last 3 years. Meanwhile, the company has become profitable. Upcoming Dividend • Aug 21
Upcoming dividend of ₹20.00 per share Eligible shareholders must have bought the stock before 28 August 2024. Payment date: 04 October 2024. Payout ratio is a comfortable 6.8% and this is well supported by cash flows. Trailing yield: 0.2%. Lower than top quartile of Indian dividend payers (1.1%). Lower than average of industry peers (0.7%). Ankündigung • Aug 14
Force Motors Limited, Annual General Meeting, Sep 04, 2024 Force Motors Limited, Annual General Meeting, Sep 04, 2024, at 15:00 Indian Standard Time. Reported Earnings • Jul 31
First quarter 2025 earnings released: EPS: ₹87.81 (vs ₹52.04 in 1Q 2024) First quarter 2025 results: EPS: ₹87.81 (up from ₹52.04 in 1Q 2024). Revenue: ₹18.8b (up 27% from 1Q 2024). Net income: ₹1.16b (up 69% from 1Q 2024). Profit margin: 6.1% (up from 4.6% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has only increased by 83% per year, which means it is significantly lagging earnings growth. Ankündigung • Jul 23
Force Motors Limited to Report Q1, 2025 Results on Jul 30, 2024 Force Motors Limited announced that they will report Q1, 2025 results on Jul 30, 2024 Ankündigung • Apr 27
Force Motors Limited Recommends Dividend for the Financial Year Ended 31 March 2024 Force Motors Limited at the Board of Director meeting held on 26 April 2024 recommended a dividend of INR 20 per equity share of INR 10 each, for the Financial Year ended 31 March 2024. Ankündigung • Mar 30
Force Motors Limited Decides to Close Line of Business, Consisting of Manufacture and Dealing in Agricultural Tractors and Connected Activity, Effective March 31, 2024 Force Motors Limited at its board meeting held on March 29, 2024, the board of directors of the company decided to close the line of business of the Company, consisting of manufacture and dealing in Agricultural Tractors and connected activity with effect from close of the current financial year that is 2023-2024. Reasons for closure: The company has, under its product rationalization programme, decided to focus mainly on its core segments such as Shared Mobility Transportation, Last Mile Mobility, goods and transportation, manufacturing of High Technology Critical Aggregates for Premium Luxury OEM's and creation of Special Vehicles for Civil and Defence applications and a decision has been taken to exit the Tractor Business from the product portfolio of the Company. Date of closure or estimated time of closure is March 31, 2024. Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹6,868, the stock trades at a trailing P/E ratio of 22.7x. Average trailing P/E is 32x in the Machinery industry in India. Total returns to shareholders of 472% over the past three years. Valuation Update With 7 Day Price Move • Feb 19
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₹5,228, the stock trades at a trailing P/E ratio of 17.3x. Average trailing P/E is 35x in the Machinery industry in India. Total returns to shareholders of 300% over the past three years. Reported Earnings • Feb 14
Third quarter 2024 earnings released: EPS: ₹64.82 (vs ₹11.83 loss in 3Q 2023) Third quarter 2024 results: EPS: ₹64.82 (up from ₹11.83 loss in 3Q 2023). Revenue: ₹16.9b (up 30% from 3Q 2023). Net income: ₹854.0m (up ₹1.01b from 3Q 2023). Profit margin: 5.0% (up from net loss in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has only increased by 48% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 31
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹3,966, the stock trades at a trailing P/E ratio of 17.8x. Average trailing P/E is 34x in the Machinery industry in India. Total returns to shareholders of 187% over the past three years. Reported Earnings • Nov 10
Second quarter 2024 earnings released: EPS: ₹71.23 (vs ₹14.62 in 2Q 2023) Second quarter 2024 results: EPS: ₹71.23 (up from ₹14.62 in 2Q 2023). Revenue: ₹18.1b (up 42% from 2Q 2023). Net income: ₹938.7m (up 388% from 2Q 2023). Profit margin: 5.2% (up from 1.5% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 57% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 14
Upcoming dividend of ₹10.00 per share at 0.3% yield Eligible shareholders must have bought the stock before 21 September 2023. Payment date: 28 October 2023. Payout ratio is a comfortable 9.9% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (0.7%). Valuation Update With 7 Day Price Move • Aug 16
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹3,327, the stock trades at a trailing P/E ratio of 20x. Average trailing P/E is 29x in the Machinery industry in India. Total returns to shareholders of 230% over the past three years. Ankündigung • Aug 10
Force Motors Limited, Annual General Meeting, Sep 28, 2023 Force Motors Limited, Annual General Meeting, Sep 28, 2023, at 15:00 Indian Standard Time. Reported Earnings • Aug 10
First quarter 2024 earnings released: EPS: ₹52.04 (vs ₹12.62 loss in 1Q 2023) First quarter 2024 results: EPS: ₹52.04 (up from ₹12.62 loss in 1Q 2023). Revenue: ₹15.0b (up 53% from 1Q 2023). Net income: ₹685.6m (up ₹851.7m from 1Q 2023). Profit margin: 4.6% (up from net loss in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 47% per year, which means it is significantly lagging earnings growth. New Risk • Aug 05
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 8.7% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.2x net interest cover). Share price has been highly volatile over the past 3 months (8.7% average weekly change). Earnings have declined by 49% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Ankündigung • Aug 03
Force Motors Limited to Report Q4, 2023 Results on Aug 09, 2023 Force Motors Limited announced that they will report Q4, 2023 results on Aug 09, 2023 Valuation Update With 7 Day Price Move • Jun 28
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹2,694, the stock trades at a trailing P/E ratio of 26.6x. Average trailing P/E is 28x in the Machinery industry in India. Total returns to shareholders of 192% over the past three years. Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment improves as stock rises 33% After last week's 33% share price gain to ₹1,898, the stock trades at a trailing P/E ratio of 18.7x. Average trailing P/E is 27x in the Machinery industry in India. Total returns to shareholders of 105% over the past three years. Reported Earnings • May 30
Full year 2023 earnings released: EPS: ₹101 (vs ₹69.12 loss in FY 2022) Full year 2023 results: EPS: ₹101 (up from ₹69.12 loss in FY 2022). Revenue: ₹50.9b (up 56% from FY 2022). Net income: ₹1.34b (up ₹2.25b from FY 2022). Profit margin: 2.6% (up from net loss in FY 2022). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • May 14
Force Motors Limited Announces the Resignation of Mr. Gaurav Deshmukh as Company Secretary and Compliance Officer of the Company Force Motors Limited announced the resignation of Mr. Gaurav Deshmukh as Company Secretary and Compliance Officer of the Company, due to personal reasons and been relieved from the office with effect from the close of business hours on May 13, 2023. Reported Earnings • Feb 12
Third quarter 2023 earnings released: ₹11.83 loss per share (vs ₹32.52 loss in 3Q 2022) Third quarter 2023 results: ₹11.83 loss per share (improved from ₹32.52 loss in 3Q 2022). Revenue: ₹13.1b (up 66% from 3Q 2022). Net loss: ₹155.9m (loss narrowed 64% from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Ankündigung • Feb 03
Force Motors Limited to Report Q3, 2023 Results on Feb 09, 2023 Force Motors Limited announced that they will report Q3, 2023 results on Feb 09, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: ₹14.62 (vs ₹0.81 loss in 2Q 2022) Second quarter 2023 results: EPS: ₹14.62 (up from ₹0.81 loss in 2Q 2022). Revenue: ₹12.8b (up 34% from 2Q 2022). Net income: ₹192.5m (up ₹203.2m from 2Q 2022). Profit margin: 1.5% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 13
Second quarter 2023 earnings released: EPS: ₹14.62 (vs ₹0.81 loss in 2Q 2022) Second quarter 2023 results: EPS: ₹14.62 (up from ₹0.81 loss in 2Q 2022). Revenue: ₹12.8b (up 34% from 2Q 2022). Net income: ₹192.5m (up ₹203.2m from 2Q 2022). Profit margin: 1.5% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance. Ankündigung • Nov 05
Force Motors Limited to Report First Half, 2023 Results on Nov 11, 2022 Force Motors Limited announced that they will report first half, 2023 results on Nov 11, 2022 Ankündigung • Sep 29
Force Motors Limited Announces Change in Directorate Force Motors Limited has approved the appointment of Mrs. Sonia Prashar as an Additional Director in the category of Non-Executive Independent Director on the Board of the Company effective 28th September, 2022, to hold office till the conclusion of the next Annual General Meeting to be held in the year 2023. Mrs. Sonia Prashar is graduate in Science and Education from Delhi University, has a diploma in German language. She did her MBA Essentials from London School of Economics and Political Science, UK. She is an experienced professional with a demonstrated history of working in international trade and development for more than 25 years. She is skilled in forging constructive collaborations, Strategic Business Relationships, Merger and Acquisitions. She joined the Indo-German Chamber of Commerce in 1996 and currently holds the position of Deputy Director General at its New Delhi Office. She is actively involved in the Indian Trade shows in all regions, promoting Trade Fairs, and looking out on new possibilities and making a judicious selection in the changing market. She has handled the German participation of large, small and medium sized companies at more than 250 shows. She is the Chairperson of NuernbergMesse India Pvt. Ltd., subsidiary of NuernbergMesse, one of the 20 largest exhibition companies in the world and a Board Member of EXPONOVA. Mrs. Prashar is Independent Director on the Board of INSILCO Limited (Evonik Group), a publicly listed Company. She is also Member Executive Council of India Exhibition Industry Association (IEIA), Chairperson of the Women Leadership Forum, IEIA, President of IEIA, Member of India against Road Crashes (IARC) and also on the advisory Board of Seekho India Pvt. Ltd. Board Change • Sep 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Non-Executive Independent Director Dattatray Shekatkar was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Ankündigung • Sep 13
Force Motors Limited Announces Board Resignations Force Motors Limited informed that Mr. Arun Sheth, Mr. S. Padmanabhan, Dr. Indira Parikh, Mr. Nitin Desai and Mr. Pratap Pawar, have ceased to be the Directors upon completion of their second term asIndependent Directors of the Company on 12th September, 2022, at the close of working hours. Upcoming Dividend • Sep 13
Upcoming dividend of ₹10.00 per share Eligible shareholders must have bought the stock before 20 September 2022. Payment date: 28 October 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 0.8%. Lower than top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (0.6%). Ankündigung • Aug 27
Force Motors Limited, Annual General Meeting, Sep 28, 2022 Force Motors Limited, Annual General Meeting, Sep 28, 2022. Reported Earnings • Aug 18
First quarter 2023 earnings released: ₹12.62 loss per share (vs ₹3.32 loss in 1Q 2022) First quarter 2023 results: ₹12.62 loss per share (down from ₹3.32 loss in 1Q 2022). Revenue: ₹9.78b (up 48% from 1Q 2022). Net loss: ₹166.1m (loss widened 279% from 1Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 99 percentage points per year, which is a significant difference in performance. Ankündigung • Aug 06
Force Motors Limited to Report Q1, 2023 Results on Aug 13, 2022 Force Motors Limited announced that they will report Q1, 2023 results on Aug 13, 2022 Reported Earnings • May 28
Full year 2022 earnings released: ₹69.13 loss per share (vs ₹93.83 loss in FY 2021) Full year 2022 results: ₹69.13 loss per share (up from ₹93.83 loss in FY 2021). Revenue: ₹32.9b (up 65% from FY 2021). Net loss: ₹910.8m (loss narrowed 26% from FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 5 highly experienced directors. Non-Executive Independent Director Dattatray Shekatkar was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Ankündigung • Apr 09
Force Motors Limited Announces Executive Changes Force Motors Limited announced Mr. Kishore P. Shah, Company Secretary and Compliance Officer of the Company, has resigned from his office with effect from the close of business hours on 8th April 2022. Further, note that Mr. Gaurav Deshmukh (ACS 29291) shall act as the Compliance Officer with immediate effect, till the appointment of the Company Secretary is made. Ankündigung • Apr 01
Force Motors Limited Announces Resignation of Anant Talaulicar as Independent Director Force Motors Limited announced that Mr. Anant Talaulicar, (DIN: 00031051), Independent Director of the Company, has tendered his resignation due to health reasons with immediate effect, vide his letter dated 29 March, 2022, as received by the Company on 30 March 2022. Mr. Anant Talaulicar in his aforesaid resignation letter has confirmed that there is no other material reason for his resignation other than provided hereinabove. Board Change • Apr 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 5 highly experienced directors. Non-Executive Independent Director Anant Talaulicar was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Mar 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 6 highly experienced directors. Non-Executive Independent Director Anant Talaulicar was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 13
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: ₹32.52 loss per share (down from ₹14.41 loss in 3Q 2021). Revenue: ₹7.91b (up 59% from 3Q 2021). Net loss: ₹428.4m (loss widened 126% from 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 113 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 13
Second quarter 2022 earnings released: ₹0.81 loss per share (vs ₹10.66 profit in 2Q 2021) The company reported a mediocre second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2022 results: Revenue: ₹9.52b (up 37% from 2Q 2021). Net loss: ₹10.7m (down 108% from profit in 2Q 2021). Reported Earnings • Aug 13
First quarter 2022 earnings released: ₹3.32 loss per share (vs ₹49.34 loss in 1Q 2021) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2022 results: Revenue: ₹6.60b (up 256% from 1Q 2021). Net loss: ₹43.8m (loss narrowed 93% from 1Q 2021). Ankündigung • May 29
Force Motors Limited Approves Dividend for the Financial Year Ended March 31, 2021 Force Motors Limited at its board meeting held on May 28, 2021, approved dividend of INR 5 per equity share of INR 10 each for the financial year ended March 31, 2021. Ankündigung • Apr 04
Force Motors Limited Announces Block Closure at its Plant at Pithampur, Madhya Pradesh Force Motors Limited announced that the company would be observing 'Block Closure' at its plant at Pithampur, Madhya Pradesh, from 5 April 2021 to 17 April 2021. There would not be any adverse impact on the availability of the products in the market due to adequacy of stocks. Is New 90 Day High Low • Mar 15
New 90-day low: ₹1,285 The company is down 6.0% from a price of ₹1,369 on 15 December 2020. Underperformed the Indian market, which is up 14% over the last 90 days. Lagged the Machinery industry, which is up 26% over the same period. Reported Earnings • Feb 17
Third quarter 2021 earnings released: ₹14.41 loss per share (vs ₹10.45 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: ₹4.99b (down 43% from 3Q 2020). Net loss: ₹189.8m (down 238% from profit in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. Ankündigung • Feb 05
Force Motors Limited to Report Q3, 2021 Results on Feb 12, 2021 Force Motors Limited announced that they will report Q3, 2021 results on Feb 12, 2021 Is New 90 Day High Low • Dec 04
New 90-day high: ₹1,260 The company is up 12% from its price of ₹1,121 on 04 September 2020. The Indian market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 13% over the same period. Reported Earnings • Nov 12
Second quarter 2021 earnings released: EPS ₹10.66 The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: ₹6.95b (down 8.0% from 2Q 2020). Net income: ₹140.3m (up 235% from 2Q 2020). Profit margin: 2.0% (up from 0.6% in 2Q 2020). The increase in margin was driven by lower expenses. 
