Force Motors Ltd
FORCEMOTForce Motors Ltd
FORCEMOT
Price Chart
Scorecard
Performance
AvgPrice return has been average, nothing exciting
Valuation
HighSeems to be overvalued vs the market average
Growth
LowLagging behind the market in financials growth
Profitability
HighShowing good signs of profitability & efficiency
Entry point
AvgThe stock is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
| No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
|---|---|---|
| 18.34 | 3.87 | 0.30% |
| Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
|---|---|---|
| 38.08 | 6.63 | 0.74% |
Forecast & Ratings
Detailed Forecast Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Force Motors is a holding company engaged in manufacturing light commercial vehicles and utility vehicles, and engines
Peers
Compare with peersMahindra and Mahindra Ltd
Maruti Suzuki India Ltd
Tata Motors Ltd
Hyundai Motor India Ltd
Popular Vehicles and Services Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
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Hmm, looks like data is unavailable here. Please come back after some timeIncome
Balance Sheet
Cash Flow
Income Statement
| Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 3,096.44 | 3,155.26 | 3,491.67 | 3,734.07 | 3,123.29 | 2,013.08 | 3,292.30 | 5,399.32 | 7,031.23 | 7,574.72 | ||||||||||
Raw Materials | 2,237.64 | 2,130.56 | 2,609.24 | 2,814.71 | 2,140.14 | 1,520.36 | 2,581.43 | 3,928.05 | 5,231.50 | 6,513.30 | ||||||||||
| Power & Fuel Cost | 45.71 | 44.55 | 48.23 | 48.86 | 47.25 | 35.22 | 42.50 | 53.69 | 57.31 | |||||||||||
| Employee Cost | 304.31 | 350.08 | 386.55 | 405.36 | 406.58 | 351.15 | 368.08 | 422.44 | 533.34 | |||||||||||
| Selling & Administrative Expenses | 82.56 | 79.27 | 61.47 | 60.54 | 60.63 | 39.17 | 51.79 | 77.14 | 108.75 | |||||||||||
| Operating & Other expenses | 80.45 | 196.81 | 49.67 | 48.21 | 204.31 | 41.14 | 146.16 | 336.44 | 166.37 | |||||||||||
EBITDA | 345.77 | 353.99 | 336.51 | 356.39 | 264.38 | 26.04 | 102.34 | 581.56 | 933.96 | 1,061.42 | ||||||||||
| Depreciation/Amortization | 91.89 | 113.08 | 129.26 | 150.92 | 194.52 | 173.67 | 190.94 | 240.74 | 266.75 | 274.18 | ||||||||||
| PBIT | 253.88 | 240.91 | 207.25 | 205.47 | 69.86 | -147.63 | -88.60 | 340.82 | 667.21 | 787.24 | ||||||||||
| Interest & Other Items | 5.30 | 5.54 | 6.67 | 15.33 | 27.85 | 28.22 | 41.04 | 68.40 | 62.14 | 42.89 | ||||||||||
| PBT | 248.58 | 235.37 | 200.58 | 190.14 | 42.01 | -175.85 | -129.64 | 272.42 | 605.07 | 744.35 | ||||||||||
| Taxes & Other Items | 69.69 | 55.28 | 53.46 | 46.81 | -8.16 | -52.22 | -38.56 | 138.78 | 216.98 | 267.97 | ||||||||||
| Net Income | 178.89 | 180.09 | 147.12 | 143.33 | 50.17 | -123.63 | -91.08 | 133.64 | 388.09 | 476.38 | ||||||||||
| EPS | 135.74 | 136.68 | 111.66 | 108.78 | 38.08 | -93.83 | -69.12 | 101.42 | 294.54 | 361.54 | ||||||||||
| DPS | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 5.00 | 10.00 | 10.00 | 20.00 | 20.00 | ||||||||||
| Payout ratio | 0.07 | 0.07 | 0.09 | 0.09 | 0.26 | — | — | 0.10 | 0.07 | 0.06 |
Company Updates
Annual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFPeers & Comparison
Consumer DiscretionaryFour Wheelers
Valuation
Technical
Forecast
Compare valuation on Screener| Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
|---|---|---|---|
| Force Motors Ltd | 22.52 | 3.87 | 0.30% |
| Mahindra and Mahindra Ltd | 32.05 | 4.54 | 0.65% |
| Maruti Suzuki India Ltd | 25.79 | 4.06 | 1.13% |
| Tata Motors Ltd | 9.27 | 3.13 | 0.68% |
Price Comparison
Compare FORCEMOT with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Feb 2024
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
Top 5 Mutual Funds holding Force Motors Ltd
| Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
|---|---|---|---|---|
Sundaram ELSS Tax Saver Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.3509% | Percentage of the fund’s portfolio invested in the stock 2.27% | Change in the portfolio weight of the stock over the last 3 months -0.32% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 46/85 (-1) |
SUNDARAM EQUITY SAVINGS FUND - DIRECT GROWTH Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.1125% | Percentage of the fund’s portfolio invested in the stock 0.99% | Change in the portfolio weight of the stock over the last 3 months -0.32% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 62/86 (-13) |
Motilal Oswal Nifty Microcap 250 Index Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.0984% | Percentage of the fund’s portfolio invested in the stock 0.52% | Change in the portfolio weight of the stock over the last 3 months 0.52% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 81/310 (+33) |
Compare 3-month MF holding change on Screener
Hmm, looks like there hasn't been any net deal activity in the last 6 monthssmallcases
Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
Dividend Yield
Current dividend yield is 0.30%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹3.02 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateAug 28, 2024
Dividend/Share
₹20.00
Ex DateEx Date
Aug 28, 2024
Cash Dividend
Ex DateEx DateSep 21, 2023
Dividend/Share
₹10.00
Ex DateEx Date
Sep 21, 2023
Cash Dividend
Ex DateEx DateSep 20, 2022
Dividend/Share
₹10.00
Ex DateEx Date
Sep 20, 2022
Cash Dividend
Ex DateEx DateSep 20, 2021
Dividend/Share
₹5.00
Ex DateEx Date
Sep 20, 2021
Cash Dividend
Ex DateEx DateSep 21, 2020
Dividend/Share
₹10.00
Ex DateEx Date
Sep 21, 2020
Ashapura Minechem Ltd, Jain Irrigation Systems Ltd, Capri Global Capital Ltd and Poonawalla Fincorp Ltd are among the other gainers in the BSE's 'A' group today, 30 October 2024.Force Motors Ltd surged 20.00% to Rs 7654 at 11:47 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 18286 shares were traded on the counter so far as against the average daily volumes of 3251 shares in the past one month. Ashapura Minechem Ltd soared 15.47% to Rs 250. The stock was the second biggest gainer in 'A' group. On the BSE, 1.23 lakh shares were traded on the counter so far as against the average daily volumes of 57518 shares in the past one month. Jain Irrigation Systems Ltd spiked 12.49% to Rs 60.26. The stock was the third biggest gainer in 'A' group. On the BSE, 7.01 lakh shares were traded on the counter so far as against the average daily volumes of 1.93 lakh shares in the past one month. Capri Global Capital Ltd jumped 12.39% to Rs 207.7. The stock was the fourth biggest gainer in 'A' group. On the BSE, 3.72 lakh shares were traded on the counter so far as against the average daily volumes of 13572 shares in the past one month. Poonawalla Fincorp Ltd exploded 10.92% to Rs 376.45. The stock was the fifth biggest gainer in 'A' group. On the BSE, 5.48 lakh shares were traded on the counter so far as against the average daily volumes of 1.93 lakh shares in the past one month. Powered by Capital Market - Live
Revenue from operations grew 7.75% to Rs 1,941.33 crore in the quarter ended 30 September 2024. Profit before tax stood at Rs 211.48 crore in Q2 FY25, registering a growth of 44.09% from Rs 146.77 crore recorded in Q2 FY24. Total expenses rose 4.41% year on year to Rs 1,732.70 crore in Q2 FY25. Employee benefit expense stood at Rs 129.76 crore (up 4.58% YoY) while Finance costs was at Rs 5.43 crore (down 65.72% YoY) during the period under review. On half year basis the company's consolidated net profit surged 54.36% to Rs 250.72 crore in H1 FY25 as against Rs 162.43 crore posted in H1 FY24. The company's revenue from operation increased 16.33% YoY to Rs 3,826.23 crore in H1 FY25. Force Motors is engaged in manufacturing light commercial vehicles and utility vehicles, and engines. It is an automobile company, with a focus on design, development and manufacture of a range of automotive components, aggregates and vehicles. Powered by Capital Market - Live
Net profit of Force Motors rose 43.84% to Rs 135.02 crore in the quarter ended September 2024 as against Rs 93.87 crore during the previous quarter ended September 2023. Sales rose 7.75% to Rs 1941.33 crore in the quarter ended September 2024 as against Rs 1801.68 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1941.331801.68 8 OPM %14.2612.24 - PBDT280.04213.73 31 PBT211.48146.77 44 NP135.0293.87 44 Powered by Capital Market - Live
Force Motors will hold a meeting of the Board of Directors of the Company on 29 October 2024.Powered by Capital Market - Live
Force Motors has acquired further 26,81,315 equity shares of Rs. 10/- each aggregating to Rs. 2.68 crore as part of the power delivery agreement with TP Surya, a wholly owned subsidiary of Tata Power Renewable Energy (a SPV set up for setting up ground mounted solar photovoltaic power projects in the state of Maharashtra). Consequent to the above acquisition, the company has completed the acquisition of 12.21% shares constituting 26,87,421 equity shares of Rs 10/- each in TP Surya.Powered by Capital Market - Live
Force Motors July sales volumes decline 3%
Force Motors achieved total sales of 2,472 units in month of July 2024 compared to 2,558 units in July 2023, recording a decline of 3.36%. Tractor sales were nil as the company has discontinued its tractor business effective from 31 March 2024. Total sales include domestic sales of 2,441 units (higher by 4.72% YoY basis) and exports of 31 units (lower by 86.34% YoY basis). Powered by Capital Market - Live
Force Motors Q1 results: Net profit jumps 69% to Rs 116 cr on high demand
Force Motors consolidated net profit rises 68.73% in the June 2024 quarter
Net profit of Force Motors rose 68.73% to Rs 115.73 crore in the quarter ended June 2024 as against Rs 68.59 crore during the previous quarter ended June 2023. Sales rose 26.71% to Rs 1884.90 crore in the quarter ended June 2024 as against Rs 1487.55 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales1884.901487.55 27 OPM %13.0111.91 - PBDT251.11170.71 47 PBT181.82107.25 70 NP115.7368.59 69 Powered by Capital Market - Live
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 13.49%, vs industry avg of 7.91%
Increasing Market Share
Over the last 5 years, market share increased from 0.73% to 0.86%