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Force Motors Ltd

FORCEMOT

Force Motors Ltd

FORCEMOT
Consumer DiscretionaryFour Wheelers
SmallcapWith a market cap of ₹9,272 cr, stock is ranked 575
High RiskStock is 3.81x as volatile as Nifty
7,037.351.41% (+97.65)
7,037.351.41% (+97.65)

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Consumer DiscretionaryFour Wheelers
SmallcapWith a market cap of ₹9,272 cr, stock is ranked 575
High RiskStock is 3.81x as volatile as Nifty

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Consumer DiscretionaryFour Wheelers
SmallcapWith a market cap of ₹9,272 cr, stock is ranked 575
High RiskStock is 3.81x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
21.304.110.28%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
43.187.260.46%

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 0.94%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue3,096.443,155.263,491.673,734.073,123.292,013.083,292.305,399.327,031.237,435.56
Raw Materialssubtract2,237.642,130.562,609.242,814.712,140.141,520.362,581.433,928.055,231.506,430.04
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/Amortizationsubtract91.89113.08129.26150.92194.52173.67190.94240.74266.75272.58
Interest & Other Itemssubtract5.305.546.6715.3327.8528.2241.0468.4062.1453.30
Taxes & Other Itemssubtract69.6955.2853.4646.81-8.16-52.22-38.56138.78216.98244.38
EPS135.74136.68111.66108.7838.08-93.83-69.12101.42294.54330.34
DPS10.0010.0010.0010.0010.005.0010.0010.0020.0010.00
Payout ratio0.070.070.090.090.260.100.070.03

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 Ltd23.894.110.28%
Maruti Suzuki India Ltd29.014.571.00%
Mahindra and Mahindra Ltd33.564.750.62%
Tata Motors Ltd10.753.630.60%

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

Decreased 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 decreased by 1.08%

Increased 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 increased by 1.44%

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding61.63%0.39%0.64%7.78%29.57%

Dec 2023

Feb 2024

Mar 2024

Jun 2024

Shareholding History

JunSepDec '23FebMarJun4.11%4.94%4.91%5.39%6.34%7.78%

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
0.3119%2.04%-0.54%46/84 (-1)
SUNDARAM EQUITY SAVINGS FUND - DIRECT GROWTH

Growth
0.0931%0.94%-0.39%61/89 (-9)
Motilal Oswal Nifty Microcap 250 Index Fund - Growth - Direct Plan

Growth
0.0754%0.47%0.47%84/309 (+32)

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 0.28%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹2.82 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
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 week agoCapital Market - Live

Force Motors July sales volumes decline 3%

2 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

2 months agoCapital Market - Live

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

2 months agoBusiness Standard

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

2 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

2 months agoCapital Market - Live
Corporate
Force Motors appoints company secretary

Force Motors has approved the appointment of Rohan Sampat (Membership No. A33820) as the Company Secretary and Compliance Officer, to be Designated as (Key Managerial Person 'KMP') of the Company with effect from start of business hours on 31 July 2024. Powered by Capital Market - Live

2 months agoCapital Market - Live
Corporate
Force Motors to announce Quarterly Result

Force Motors will hold a meeting of the Board of Directors of the Company on 30 July 2024.Powered by Capital Market - Live

2 months agoCapital Market - Live

Force Motors shares fall over 2% after June auto sales disappoint

3 months agoBusiness Standard

Force Motors Shares Hit Record High After Robust March Sales, Production

6 months agoBloomberg Quint