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Force Motors LimitedNSEI:FORCEMOT Stock Report

Market Cap ₹249.7b
Share Price
₹18.94k
My Fair Value
₹7.94k
138.6% overvalued intrinsic discount
1Y180.3%
7D5.1%
Portfolio Value
​
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Force Motors Limited

NSEI:FORCEMOT Stock Report

Market Cap: ₹249.7b

Force Motors (FORCEMOT) Stock Overview

An integrated automobile company, designs, develops, manufactures, and sells a range of automotive components, aggregates, and vehicles in India. More details

FORCEMOT fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance5/6
Financial Health6/6
Dividends3/6

Rewards

Price-To-Earnings ratio (29x) is below the Machinery industry average (33.3x)

Earnings grew by 97.9% over the past year

Risk Analysis

Highly volatile share price over the past 3 months compared to the Indian market

Large one-off items impacting financial results


FORCEMOT Community Fair Values

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US$9.21
FV
44.2% undervalued intrinsic discount
64.98%
Revenue growth p.a.
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Force Motors Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for Force Motors
Historical stock prices
Current Share Price₹18,941.00
52 Week High₹21,990.00
52 Week Low₹6,125.00
Beta0.72
1 Month Change-9.24%
3 Month Change32.81%
1 Year Change180.26%
3 Year Change1,293.85%
5 Year Change1,783.36%
Change since IPO1,353.59%

Recent News & Updates

Shareholders May Be More Conservative With Force Motors Limited's (NSE:FORCEMOT) CEO Compensation For Now

Sep 11
Shareholders May Be More Conservative With Force Motors Limited's (NSE:FORCEMOT) CEO Compensation For Now

Force Motors (NSE:FORCEMOT) Will Pay A Larger Dividend Than Last Year At ₹40.00

Aug 28
Force Motors (NSE:FORCEMOT) Will Pay A Larger Dividend Than Last Year At ₹40.00

Force Motors Limited's (NSE:FORCEMOT) Shares Climb 26% But Its Business Is Yet to Catch Up

Aug 20
Force Motors Limited's (NSE:FORCEMOT) Shares Climb 26% But Its Business Is Yet to Catch Up

The Trend Of High Returns At Force Motors (NSE:FORCEMOT) Has Us Very Interested

Aug 12
The Trend Of High Returns At Force Motors (NSE:FORCEMOT) Has Us Very Interested

Recent updates

Shareholders May Be More Conservative With Force Motors Limited's (NSE:FORCEMOT) CEO Compensation For Now

Sep 11
Shareholders May Be More Conservative With Force Motors Limited's (NSE:FORCEMOT) CEO Compensation For Now

Force Motors (NSE:FORCEMOT) Will Pay A Larger Dividend Than Last Year At ₹40.00

Aug 28
Force Motors (NSE:FORCEMOT) Will Pay A Larger Dividend Than Last Year At ₹40.00

Force Motors Limited's (NSE:FORCEMOT) Shares Climb 26% But Its Business Is Yet to Catch Up

Aug 20
Force Motors Limited's (NSE:FORCEMOT) Shares Climb 26% But Its Business Is Yet to Catch Up

The Trend Of High Returns At Force Motors (NSE:FORCEMOT) Has Us Very Interested

Aug 12
The Trend Of High Returns At Force Motors (NSE:FORCEMOT) Has Us Very Interested

Improved Earnings Required Before Force Motors Limited (NSE:FORCEMOT) Stock's 27% Jump Looks Justified

Jul 01
Improved Earnings Required Before Force Motors Limited (NSE:FORCEMOT) Stock's 27% Jump Looks Justified

Force Motors (NSE:FORCEMOT) Seems To Use Debt Rather Sparingly

Jun 21
Force Motors (NSE:FORCEMOT) Seems To Use Debt Rather Sparingly

With EPS Growth And More, Force Motors (NSE:FORCEMOT) Makes An Interesting Case

Jun 03
With EPS Growth And More, Force Motors (NSE:FORCEMOT) Makes An Interesting Case

Improved Earnings Required Before Force Motors Limited (NSE:FORCEMOT) Stock's 25% Jump Looks Justified

May 16
Improved Earnings Required Before Force Motors Limited (NSE:FORCEMOT) Stock's 25% Jump Looks Justified

Force Motors' (NSE:FORCEMOT) Earnings Are Weaker Than They Seem

May 08
Force Motors' (NSE:FORCEMOT) Earnings Are Weaker Than They Seem

Force Motors (NSE:FORCEMOT) Is Investing Its Capital With Increasing Efficiency

Apr 24
Force Motors (NSE:FORCEMOT) Is Investing Its Capital With Increasing Efficiency

Force Motors Limited's (NSE:FORCEMOT) Share Price Boosted 27% But Its Business Prospects Need A Lift Too

Mar 22
Force Motors Limited's (NSE:FORCEMOT) Share Price Boosted 27% But Its Business Prospects Need A Lift Too

Here's Why We Think Force Motors (NSE:FORCEMOT) Is Well Worth Watching

Feb 06
Here's Why We Think Force Motors (NSE:FORCEMOT) Is Well Worth Watching

We Think Force Motors (NSE:FORCEMOT) Might Have The DNA Of A Multi-Bagger

Nov 27
We Think Force Motors (NSE:FORCEMOT) Might Have The DNA Of A Multi-Bagger

Force Motors' (NSE:FORCEMOT) Performance Is Even Better Than Its Earnings Suggest

Nov 06
Force Motors' (NSE:FORCEMOT) Performance Is Even Better Than Its Earnings Suggest

With EPS Growth And More, Force Motors (NSE:FORCEMOT) Makes An Interesting Case

Oct 23
With EPS Growth And More, Force Motors (NSE:FORCEMOT) Makes An Interesting Case

We Think Force Motors (NSE:FORCEMOT) Can Manage Its Debt With Ease

Sep 28
We Think Force Motors (NSE:FORCEMOT) Can Manage Its Debt With Ease

Force Motors Limited's (NSE:FORCEMOT) Prospects Need A Boost To Lift Shares

Sep 07
Force Motors Limited's (NSE:FORCEMOT) Prospects Need A Boost To Lift Shares

Returns on Capital Paint A Bright Future For Force Motors (NSE:FORCEMOT)

Jul 02
Returns on Capital Paint A Bright Future For Force Motors (NSE:FORCEMOT)

Further Upside For Force Motors Limited (NSE:FORCEMOT) Shares Could Introduce Price Risks After 48% Bounce

Mar 16
Further Upside For Force Motors Limited (NSE:FORCEMOT) Shares Could Introduce Price Risks After 48% Bounce

We Like These Underlying Return On Capital Trends At Force Motors (NSE:FORCEMOT)

Oct 26
We Like These Underlying Return On Capital Trends At Force Motors (NSE:FORCEMOT)

We Think Force Motors (NSE:FORCEMOT) Can Stay On Top Of Its Debt

Jun 28
We Think Force Motors (NSE:FORCEMOT) Can Stay On Top Of Its Debt

There Are Reasons To Feel Uneasy About Force Motors' (NSE:FORCEMOT) Returns On Capital

May 31
There Are Reasons To Feel Uneasy About Force Motors' (NSE:FORCEMOT) Returns On Capital

Does Force Motors (NSE:FORCEMOT) Have A Healthy Balance Sheet?

Feb 14
Does Force Motors (NSE:FORCEMOT) Have A Healthy Balance Sheet?

This Is Why We Think Force Motors Limited's (NSE:FORCEMOT) CEO Might Get A Pay Rise Approved By Shareholders

Sep 22
This Is Why We Think Force Motors Limited's (NSE:FORCEMOT) CEO Might Get A Pay Rise Approved By Shareholders

Force Motors (NSE:FORCEMOT) Is Increasing Its Dividend To ₹10.00

Sep 12
Force Motors (NSE:FORCEMOT) Is Increasing Its Dividend To ₹10.00

Force Motors (NSE:FORCEMOT) Will Pay A Larger Dividend Than Last Year At ₹10.00

Aug 29
Force Motors (NSE:FORCEMOT) Will Pay A Larger Dividend Than Last Year At ₹10.00

Does Force Motors (NSE:FORCEMOT) Have A Healthy Balance Sheet?

Aug 21
Does Force Motors (NSE:FORCEMOT) Have A Healthy Balance Sheet?

Force Motors' (NSE:FORCEMOT) Dividend Is Being Reduced To ₹5.00

Sep 06
Force Motors' (NSE:FORCEMOT) Dividend Is Being Reduced To ₹5.00

Can You Imagine How Force Motors' (NSE:FORCEMOT) Shareholders Feel About The 12% Share Price Increase?

Feb 24
Can You Imagine How Force Motors' (NSE:FORCEMOT) Shareholders Feel About The 12% Share Price Increase?

Force Motors (NSE:FORCEMOT) Is Carrying A Fair Bit Of Debt

Jan 28
Force Motors (NSE:FORCEMOT) Is Carrying A Fair Bit Of Debt

Does Force Motors Limited (NSE:FORCEMOT) Have A Place In Your Dividend Stock Portfolio?

Dec 24
Does Force Motors Limited (NSE:FORCEMOT) Have A Place In Your Dividend Stock Portfolio?

How Much Of Force Motors Limited (NSE:FORCEMOT) Do Institutions Own?

Nov 28
How Much Of Force Motors Limited (NSE:FORCEMOT) Do Institutions Own?

Reflecting on Force Motors' (NSE:FORCEMOT) Share Price Returns Over The Last Year

Nov 02
Reflecting on Force Motors' (NSE:FORCEMOT) Share Price Returns Over The Last Year

Should You Buy Force Motors Limited (NSE:FORCEMOT) For Its 0.9% Dividend?

Sep 22
Should You Buy Force Motors Limited (NSE:FORCEMOT) For Its 0.9% Dividend?

Here's Why Force Motors (NSE:FORCEMOT) Can Afford Some Debt

Aug 23
Here's Why Force Motors (NSE:FORCEMOT) Can Afford Some Debt

Force Motors Limited's (NSE:FORCEMOT) Share Price Not Quite Adding Up

Jul 19
Force Motors Limited's (NSE:FORCEMOT) Share Price Not Quite Adding Up

Shareholder Returns

FORCEMOTIN MachineryIN Market
7D5.1%3.0%1.7%
1Y180.3%-5.9%-4.6%

Return vs Industry: FORCEMOT exceeded the Indian Machinery industry which returned -5.9% over the past year.

Return vs Market: FORCEMOT exceeded the Indian Market which returned -4.6% over the past year.

Price Volatility

Is FORCEMOT's price volatile compared to industry and market?
FORCEMOT volatility
FORCEMOT Average Weekly Movement8.9%
Machinery Industry Average Movement5.4%
Market Average Movement5.1%
10% most volatile stocks in IN Market8.0%
10% least volatile stocks in IN Market3.2%

Stable Share Price: FORCEMOT's share price has been volatile over the past 3 months compared to the Indian market.

Volatility Over Time: FORCEMOT's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of Indian stocks.

About the Company

FoundedEmployeesCEOWebsite
19584,640Prasan Singh Firodiawww.forcemotors.com

Force Motors Limited, an integrated automobile company, designs, develops, manufactures, and sells a range of automotive components, aggregates, and vehicles in India. The company provides passenger vehicles, ambulances, school buses, and delivery van; small commercial, light commercial, multi utility vehicles, spare parts; special utility vehicles, which include off-roaders / recreation vehicles and military vehicles; and agricultural tractors. Its products include urbania, traveller, monobus, trax, special applications, gurkha, and EV.

Force Motors Limited Fundamentals Summary

How do Force Motors's earnings and revenue compare to its market cap?
FORCEMOT fundamental statistics
Market cap₹249.72b
Earnings (TTM)₹8.61b
Revenue (TTM)₹84.84b
29.0x
P/E Ratio
2.9x
P/S Ratio

Is FORCEMOT overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FORCEMOT income statement (TTM)
Revenue₹84.84b
Cost of Revenue₹61.19b
Gross Profit₹23.65b
Other Expenses₹15.03b
Earnings₹8.61b

Last Reported Earnings

Jun 30, 2025

Next Earnings Date

n/a

Earnings per share (EPS)653.73
Gross Margin27.87%
Net Profit Margin10.15%
Debt/Equity Ratio0.6%

How did FORCEMOT perform over the long term?

See historical performance and comparison

Dividends

0.2%
Current Dividend Yield
7%
Payout Ratio

Does FORCEMOT pay a reliable dividends?

See FORCEMOT dividend history and benchmarks
When do you need to buy FORCEMOT by to receive an upcoming dividend?
Force Motors dividend dates
Ex Dividend DateSep 10 2025
Dividend Pay DateOct 17 2025
Days until Ex dividend9 days
Days until Dividend pay date28 days

Does FORCEMOT pay a reliable dividends?

See FORCEMOT dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/09/18 18:41
End of Day Share Price 2025/09/18 00:00
Earnings2025/06/30
Annual Earnings2025/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Force Motors Limited is covered by 4 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Twinkle GosarAngel Broking Private Limited
null nullDolat Capital Market Pvt. Ltd.
Harini V.FirstCall Research