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Force Motors Ltd

FORCEMOT

Force Motors Ltd

FORCEMOT
Consumer DiscretionaryFour Wheelers
SmallcapWith a market cap of ₹9,208 cr, stock is ranked 580
High RiskStock is 3.93x as volatile as Nifty
6,883.500.07% (+4.50)
6,883.500.07% (+4.50)

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1M
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Max
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Consumer DiscretionaryFour Wheelers
SmallcapWith a market cap of ₹9,208 cr, stock is ranked 580
High RiskStock is 3.93x as volatile as Nifty
Scorecard

Performance

Avg

Price return has been average, nothing exciting

Valuation

High

Seems to be overvalued vs the market average

Growth

Low

Lagging behind the market in financials growth

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Avg

The stock is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

Consumer DiscretionaryFour Wheelers
SmallcapWith a market cap of ₹9,208 cr, stock is ranked 580
High RiskStock is 3.93x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
19.334.080.29%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
39.226.820.72%

Forecast & Ratings

Detailed Forecast 
Forecast data is currently unavailable for this stock

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Force Motors is a holding company engaged in manufacturing light commercial vehicles and utility vehicles, and engines

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Higher than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 13.49%, vs industry avg of 7.91%

Increasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share increased from 0.73% to 0.86%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue3,096.443,155.263,491.673,734.073,123.292,013.083,292.305,399.327,031.237,574.72
Raw Materialssubtract2,237.642,130.562,609.242,814.712,140.141,520.362,581.433,928.055,231.506,513.30
Power & Fuel Costsubtract45.7144.5548.2348.8647.2535.2242.5053.6957.31
Employee Costsubtract304.31350.08386.55405.36406.58351.15368.08422.44533.34
Selling & Administrative Expensessubtract82.5679.2761.4760.5460.6339.1751.7977.14108.75
Operating & Other expensessubtract80.45196.8149.6748.21204.3141.14146.16336.44166.37
Depreciation/Amortizationsubtract91.89113.08129.26150.92194.52173.67190.94240.74266.75274.18
Interest & Other Itemssubtract5.305.546.6715.3327.8528.2241.0468.4062.1442.89
Taxes & Other Itemssubtract69.6955.2853.4646.81-8.16-52.22-38.56138.78216.98267.97
EPS135.74136.68111.66108.7838.08-93.83-69.12101.42294.54361.54
DPS10.0010.0010.0010.0010.005.0010.0010.0020.0020.00
Payout ratio0.070.070.090.090.260.100.070.06

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange

Peers & Comparison

Comparing 3 stocks from 
Consumer DiscretionaryFour Wheelers

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Force Motors Ltd23.734.080.29%
Mahindra and Mahindra Ltd32.254.570.65%
Maruti Suzuki India Ltd25.944.091.12%
Tata Motors Ltd9.243.120.69%

Price Comparison

Compare FORCEMOT with any stock or ETF
Compare FORCEMOT with any stock or ETF
FORCEMOT
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding61.63%0.47%0.45%7.89%29.56%

Feb 2024

Mar 2024

Jun 2024

Sep 2024

Shareholding History

SepDec '23FebMarJunSep4.94%4.91%5.39%6.34%7.78%7.89%

Mutual Funds Holding Trend

Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

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)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
Sundaram ELSS Tax Saver Fund - Growth - Direct Plan

Growth
0.3330%2.27%-0.32%46/85 (-1)
SUNDARAM EQUITY SAVINGS FUND - DIRECT GROWTH

Growth
0.1067%0.99%-0.32%62/86 (-13)
Motilal Oswal Nifty Microcap 250 Index Fund - Growth - Direct Plan

Growth
0.0865%0.45%0.45%84/309 (+30)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

smallcases

Looks like this stock is not in any smallcase yet.

Events

Dividend Trend

Dividend Yield

Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 0.29%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹2.86 every year

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateAug 28, 2024

Final
Final | Div/Share: ₹20.00

Dividend/Share

20.00

Ex DateEx Date

Aug 28, 2024

Cash Dividend

Ex DateEx DateSep 21, 2023

Final
Final | Div/Share: ₹10.00

Dividend/Share

10.00

Ex DateEx Date

Sep 21, 2023

Cash Dividend

Ex DateEx DateSep 20, 2022

Final
Final | Div/Share: ₹10.00

Dividend/Share

10.00

Ex DateEx Date

Sep 20, 2022

Cash Dividend

Ex DateEx DateSep 20, 2021

Final
Final | Div/Share: ₹5.00

Dividend/Share

5.00

Ex DateEx Date

Sep 20, 2021

Cash Dividend

Ex DateEx DateSep 21, 2020

Final
Final | Div/Share: ₹10.00

Dividend/Share

10.00

Ex DateEx Date

Sep 21, 2020

News & Opinions
Spotlight
Force Motors Ltd leads gainers in 'A' group

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

1 month agoCapital Market - Live
Spotlight
Force Motors soars after Q2 PAT climbs 44% YoY to Rs 135 cr

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

1 month agoCapital Market - Live
Earnings
Force Motors consolidated net profit rises 43.84% in the September 2024 quarter

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

1 month agoCapital Market - Live
Corporate
Force Motors schedules board meeting

Force Motors will hold a meeting of the Board of Directors of the Company on 29 October 2024.Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Force Motors acquires 12.21% stake in TP Surya (SPV for solar power projects)

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

1 month agoCapital Market - Live

Force Motors July sales volumes decline 3%

4 months agoBusiness Standard
Corporate
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

4 months agoCapital Market - Live

Force Motors Q1 results: Net profit jumps 69% to Rs 116 cr on high demand

4 months agoBusiness Standard

Force Motors consolidated net profit rises 68.73% in the June 2024 quarter

4 months agoBusiness Standard
Earnings
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

4 months agoCapital Market - Live