FORCE MOTORS LTD
FORCE MOTORS LTD (FORCEMOT) financial statements and selected valuation metrics from NSE/BSE exchange filings through 30 June 2026.
Consumer Discretionary›Automobile and Auto Components›Automobiles›Passenger Cars & Utility Vehicles
forcemotors.com(opens the company website in a new tab)Key metrics
Price as of 2026-09-02
Stock price
₹17600.00
Market cap
23,190 Cr
Stock P/E
17.7
P/B
5.53
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 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,802 Cr | 1,692 Cr | 2,011 Cr | 1,885 Cr | 1,941 Cr | 1,889 Cr | 2,356 Cr | 2,297 Cr | 2,081 Cr | 2,129 Cr | 2,550 Cr | 2,440 Cr |
| Operating expenses (approx.) | 1,577 Cr | 1,467 Cr | 1,733 Cr | 1,636 Cr | 1,659 Cr | 1,658 Cr | 2,027 Cr | 1,965 Cr | 1,719 Cr | 1,755 Cr | 2,136 Cr | 2,112 Cr |
| EBITDA | 225 Cr | 224 Cr | 279 Cr | 249 Cr | 283 Cr | 232 Cr | 329 Cr | 332 Cr | 363 Cr | 374 Cr | 414 Cr | 328 Cr |
| OPM % | 12.5% | 13.3% | 13.9% | 13.2% | 14.6% | 12.3% | 14.0% | 14.5% | 17.4% | 17.6% | 16.2% | 13.4% |
| Other income | 9 Cr | 4 Cr | 15 Cr | 15 Cr | 9 Cr | 15 Cr | 18 Cr | 25 Cr | 24 Cr | 27 Cr | 34 Cr | 38 Cr |
| Interest | 16 Cr | 14 Cr | 14 Cr | 9 Cr | 5 Cr | 4 Cr | 7 Cr | 0.13 Cr | 0.23 Cr | 0.16 Cr | 3 Cr | 0.04 Cr |
| Depreciation | 67 Cr | 68 Cr | 68 Cr | 69 Cr | 69 Cr | 71 Cr | 72 Cr | 70 Cr | 71 Cr | 73 Cr | 72 Cr | 77 Cr |
| Profit before tax | 147 Cr | 137 Cr | 214 Cr | 182 Cr | 211 Cr | 177 Cr | 668 Cr | 278 Cr | 317 Cr | 543 Cr | 378 Cr | 293 Cr |
| Tax % | 36.0% | 37.5% | 34.6% | 36.3% | 36.1% | 34.9% | 34.9% | 36.5% | -10.6% | 25.2% | 26.4% | 26.2% |
| Net profit | 94 Cr | 85 Cr | 140 Cr | 116 Cr | 135 Cr | 115 Cr | 435 Cr | 176 Cr | 351 Cr | 406 Cr | 279 Cr | 217 Cr |
| EPS (₹) | ₹71.23 | ₹64.82 | ₹106.45 | ₹87.81 | ₹102.46 | ₹87.52 | ₹329.92 | ₹133.82 | ₹266.14 | ₹308.22 | ₹211.37 | ₹164.36 |
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 | 2,812 Cr | 1,975 Cr | 3,173 Cr | 4,699 Cr | 6,083 Cr | 6,979 Cr | 7,574 Cr | Sign in for TTM |
| EBITDA | 279 Cr | 269 Cr | 13 Cr | 67 Cr | 330 Cr | 909 Cr | 1,093 Cr | 1,483 Cr | Sign in for TTM |
| OPM % | 7.6% | 8.7% | 0.7% | 2.1% | 6.6% | 13.0% | 13.5% | 16.4% | 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 | 190 Cr | 42 Cr | -176 Cr | -130 Cr | 272 Cr | 605 Cr | 1,238 Cr | 1,516 Cr | Sign in for TTM |
| Tax % | 24.6% | -19.7% | 29.7% | 29.8% | 50.9% | 35.8% | 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 | 17 Cr | — |
| Other liabilities | 645 Cr | 896 Cr | 874 Cr | 842 Cr | 1,182 Cr | 1,633 Cr | 2,081 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 | 29 Cr | 83 Cr | 105 Cr | 116 Cr | 104 Cr | 98 Cr | 110 Cr | 112 Cr |
| Loans & advances | 2 Cr | 2 Cr | 1 Cr | 0.55 Cr | 0.38 Cr | 0.02 Cr | 0.24 Cr | 0.51 Cr |
| Inventories | 504 Cr | 552 Cr | 558 Cr | 637 Cr | 827 Cr | 1,163 Cr | 1,184 Cr | 1,258 Cr |
| Trade receivables | 167 Cr | 169 Cr | 126 Cr | 189 Cr | 197 Cr | 104 Cr | 174 Cr | 191 Cr |
| Cash & bank | 4 Cr | 66 Cr | 35 Cr | 72 Cr | 140 Cr | 448 Cr | 507 Cr | 830 Cr |
| Other assets | 918 Cr | 891 Cr | 1,031 Cr | 921 Cr | 1,102 Cr | 1,004 Cr | 1,543 Cr | 2,437 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 | — | — | — | 38 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 % | 9.4% | 3.2% | -6.2% | -3.1% | 12.0% | 24.0% | 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 | 8 | 8 |
| Inventory days | 65 | 94 | 134 | 90 | 77 | 81 | 72 | 71 |
| Days payable | 51 | 99 | 140 | 73 | 69 | 60 | 48 | 59 |
| Cash conversion cycle | 31 | 15 | 17 | 38 | 22 | 27 | 32 | 20 |
| Debt / equity | 0.13 | 0.12 | 0.28 | 0.61 | 0.51 | 0.23 | 0.0057 | — |
| Current ratio | 1.67 | 1.13 | 1.01 | 0.80 | 1.04 | 1.25 | 1.50 | 1.87 |
| Net debt / EBITDA | 0.90 | 0.63 | 37.33 | 14.85 | 2.47 | 0.08 | -0.45 | -0.56 |
Compare with peers
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