| Quarterly Financials | Jun 2018 | Sept 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sept 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sept 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
Revenue  | 902 | 895 | 847 | 1,090 | 818 | 772 | 869 | 664 | 192 | 703 | 499 | 619 | 660 | 952 | 791 | 890 | 978 | 1,276 | 1,309 | 1,737 | 1,499 | 1,811 | 1,696 | 2,029 | 1,900 | 1,950 | 1,910 | 2,774 | 2,322 |
| Expenses | 810 | 808 | 768 | 990 | 733 | 720 | 804 | 602 | 238 | 631 | 467 | 652 | 615 | 898 | 792 | 885 | 930 | 1,166 | 1,250 | 1,372 | 1,310 | 1,581 | 1,477 | 1,733 | 1,640 | 1,664 | 1,658 | 2,027 | 1,974 |
| EBITDA | 92 | 88 | 78 | 100 | 85 | 52 | 66 | 62 | -46 | 73 | 32 | -33 | 45 | 54 | -2 | 5 | 47 | 111 | 59 | 364 | 189 | 230 | 219 | 297 | 260 | 286 | 252 | 747 | 348 |
| Operating Profit % | 9 % | 8 % | 7 % | 7 % | 9 % | 5 % | 8 % | 8 % | -28 % | 9 % | 6 % | -7 % | 4 % | 4 % | -2 % | -0 % | 4 % | 8 % | 4 % | 8 % | 12 % | 12 % | 13 % | 14 % | 13 % | 14 % | 12 % | 14 % | 14 % |
| Depreciation | 35 | 35 | 40 | 42 | 46 | 47 | 49 | 53 | 39 | 46 | 45 | 43 | 41 | 45 | 50 | 55 | 57 | 61 | 60 | 63 | 64 | 67 | 68 | 68 | 69 | 69 | 71 | 72 | 70 |
| Interest | 1 | 0 | 6 | 8 | 6 | 6 | 8 | 8 | 8 | 8 | 8 | 5 | 7 | 9 | 12 | 13 | 14 | 20 | 17 | 18 | 18 | 16 | 14 | 14 | 9 | 5 | 4 | 7 | 0 |
| Profit Before Tax | 57 | 53 | 33 | 50 | 33 | -2 | 9 | 2 | -93 | 19 | -21 | -82 | -3 | 1 | -64 | -63 | -23 | 30 | -18 | 284 | 107 | 147 | 137 | 214 | 182 | 212 | 177 | 668 | 278 |
| Tax | 16 | 13 | 5 | 13 | 7 | -6 | -5 | -4 | -28 | 5 | -2 | -28 | 1 | 2 | -21 | -21 | -7 | 11 | -3 | 137 | 39 | 53 | 51 | 74 | 66 | 76 | 62 | 233 | 101 |
| Net Profit | 41 | 40 | 27 | 37 | 26 | 4 | 14 | 6 | -65 | 14 | -19 | -54 | -4 | -1 | -43 | -43 | -17 | 19 | -16 | 147 | 69 | 94 | 85 | 140 | 116 | 135 | 115 | 435 | 176 |
| EPS in ₹ | 31.10 | 30.17 | 19.71 | 27.83 | 19.84 | 3.20 | 10.45 | 4.60 | -49.34 | 10.66 | -14.41 | -40.73 | -3.32 | -0.81 | -32.52 | -32.48 | -12.62 | 14.62 | -11.83 | 111.25 | 52.04 | 71.23 | 64.82 | 106.45 | 87.81 | 102.46 | 87.52 | 329.92 | 133.82 |
Force Motors
Force Motors
16,723.00
+114.00
(0.69%)
Key Fundamentals
Market Cap
21,794.94 Cr
EPS
607.71
PE Ratio
36.20
Dividend Yield
0.24 %
Industry
Automobiles 52 Week High
21,990.00
52 Week Low
6,125.00
PB Ratio
7.22
Debt to Equity
0.10
Sector
Cars & Utility Vehicles Actual
Company News
View All News
Force Motors September Sales Rise 1.8% to 2,610 Units10 days ago
Force Motors reported September sales of 2,610 units, marking a 1.79% increase from 2,564 units in the same period last year. Domestic sales grew 1.5% to 2,486 units while exports improved 7.8% to 124 units from 115 units. The company showed strong quarterly performance with net profit surging 52.3% to ₹176.3 crore and revenue climbing 21.9% to ₹2,297 crore. EBITDA jumped 33.3% to ₹332 crore with margin improving to 14.4% from 13.2%. The automobile industry experienced strong momentum during September due to the festive season and GST reforms impact.
BNP Paribas sold 65,610 equity shares of Force Motors worth Rs 122 crore through a bulk deal at Rs 18,581.1 per share, representing a 2% discount to the previous day's closing price of Rs 18,952.10. Force Motors shares declined 2% to close at Rs 18,555.55. The smallcap company has a market capitalization of Rs 24,183.26 crore and has delivered 167% returns over the past year. Force Motors reported consolidated net profit of Rs 176 crore for the quarter ended June 30, 2025, up 52% from Rs 116 crore in the same period last year. Total revenues increased 22% to Rs 2,322 crore from Rs 1,900 crore. The company is an integrated automobile manufacturer with five manufacturing units across India and over 300 sales and service touchpoints, exporting to multiple international markets.
Force Motors sold 2,403 units in August, representing an increase from 2,299 units in the same month of the previous year. This marks a year-over-year growth in the company's monthly sales performance.
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Peer Comparison Compare Peers on Screener
Competitors | LTP | Market Cap (₹ Cr.) | P/E Ratio | Revenue (₹ Cr.) | YoY Revenue Growth % | Net Profit (₹ Cr.) | YoY Profit Growth % | RSI |
|---|---|---|---|---|---|---|---|---|
16,273.00 | #1 5,11,627.31 | 35.09 | 1,57,935.20 | 8.21 | 14,500 | 0.87 | 65.43 | |
3,558.90 | 4,42,559.48 | 31.68 | 1,61,391.90 | 14.26 | 14,073 | 23.43 | 53.05 | |
2,374.50 | 1,92,937.88 | 35.63 | 70,104.40 | -1.75 | 5,640 | -8.09 | 40.95 | |
397.70 | 1,46,453.93 | #1 6.65 | #1 4,46,861.00 | 1.63 | #1 23,278 | -62.19 | 33.97 | |
16,723.00 | #5 21,794.94 | #6 36.20 | #5 8,128.30 | #3 15.60 | #5 801 | #2 52.46 | 44.01 | |
1,446.90 | 11,876.26 | 85.12 | 1,814.20 | #1 55.63 | 139 | 7.00 | 36.94 | |
44.85 | 852.08 | 88.66 | 89.64 | 39.75 | 8 | #1 300.00 | 31.94 | |
19.54 | 407.74 | 34.61 | 2.80 | -86.67 | -32 | -48.15 | 29.48 |
Automatic Screeners on ScanX
Growth Rate
Revenue Growth
15.60 %
Net Income Growth
106.31 %
Cash Flow Change
-4.24 %
ROE
53.37 %
ROCE
54.44 %
EBITDA Margin (Avg.)
4.90 %
Quarterly Financial Results
Balance Sheet
| Balance Sheet | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Total Assets | 1,975 | 2,305 | 2,701 | 2,523 | 2,836 | 3,098 | 3,238 | 3,661 | 4,013 | 4,415 | 5,134 |
| Fixed Assets | 638 | 792 | 911 | 949 | 1,216 | 1,400 | 1,224 | 2,033 | 2,094 | 2,031 | 1,969 |
| Current Assets | 997 | 1,221 | 1,498 | 1,127 | 1,091 | 1,027 | 882 | 1,027 | 1,565 | 2,046 | 2,580 |
| Capital Work in Progress | 240 | 205 | 220 | 369 | 372 | 445 | 725 | 302 | 154 | 171 | 287 |
| Investments | 0 | 8 | 9 | 10 | 23 | 78 | 100 | 111 | 97 | 91 | 103 |
| Other Assets | 1,098 | 1,300 | 1,561 | 1,196 | 1,225 | 1,175 | 1,189 | 1,215 | 1,668 | 2,121 | 2,775 |
| Total Liabilities | 1,975 | 2,305 | 2,701 | 2,523 | 2,836 | 3,098 | 3,238 | 3,661 | 4,013 | 4,415 | 5,134 |
| Current Liabilities | 594 | 715 | 901 | 683 | 653 | 911 | 874 | 1,283 | 1,509 | 1,636 | 1,725 |
| Non Current Liabilities | 61 | 98 | 131 | 37 | 248 | 220 | 524 | 629 | 627 | 521 | 373 |
| Total Equity | 1,320 | 1,491 | 1,669 | 1,803 | 1,935 | 1,967 | 1,840 | 1,750 | 1,877 | 2,257 | 3,036 |
| Reserve & Surplus | 1,306 | 1,477 | 1,654 | 1,788 | 1,920 | 1,952 | 1,825 | 1,735 | 1,862 | 2,242 | 3,020 |
| Share Capital | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 |
Cash Flow
| Cash Flow | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Net Cash Flow | 85 | 9 | 30 | -47 | -35 | 62 | -32 | 38 | 68 | 308 | 58 |
| Investing Activities | -96 | -210 | -621 | -81 | -606 | -327 | -333 | -356 | -257 | -198 | -351 |
| Operating Activities | 226 | 256 | 471 | 257 | 314 | 409 | 7 | 18 | 532 | 1,015 | 972 |
| Financing Activities | -45 | -37 | 180 | -223 | 256 | -20 | 294 | 375 | -207 | -509 | -562 |
Share Holding
| % Holding | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Feb 2024 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
| Promoter | 61.63 % | 61.63 % | 61.63 % | 61.63 % | 61.63 % | 61.63 % | 61.63 % | 61.63 % | 61.63 % | 61.63 % | 61.63 % | 61.63 % | 61.63 % | 61.63 % | 61.63 % | 61.63 % | 61.63 % | 61.63 % | 61.63 % |
| FIIs | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 4.94 % | 0.00 % | 0.00 % | 6.34 % | 7.78 % | 7.89 % | 8.15 % | 8.35 % | 9.77 % |
| DIIs | 2.33 % | 2.55 % | 2.67 % | 2.54 % | 3.30 % | 2.90 % | 2.21 % | 2.19 % | 2.32 % | 1.48 % | 1.59 % | 1.02 % | 1.02 % | 0.87 % | 1.03 % | 0.92 % | 0.91 % | 1.43 % | 1.66 % |
| Government | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % |
| Public / Retail | 28.30 % | 28.58 % | 28.50 % | 28.70 % | 28.04 % | 28.43 % | 28.85 % | 28.49 % | 28.76 % | 27.87 % | 26.65 % | 26.61 % | 26.34 % | 25.16 % | 24.12 % | 23.74 % | 23.34 % | 22.73 % | 21.42 % |
| Others | 7.74 % | 7.24 % | 7.19 % | 7.14 % | 7.04 % | 7.05 % | 7.32 % | 7.69 % | 7.30 % | 9.02 % | 5.20 % | 10.74 % | 11.01 % | 6.00 % | 5.45 % | 5.82 % | 5.97 % | 5.85 % | 5.53 % |
| No of Share Holders | 0 | 58,157 | 60,444 | 61,503 | 61,570 | 61,036 | 60,301 | 58,475 | 53,958 | 50,221 | 48,086 | 47,556 | 46,685 | 47,742 | 51,909 | 56,044 | 59,207 | 56,164 | 59,419 |
Dividend History
| Annual Cash Flows | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Per Share (₹) | 0.00 | 0.00 | 0.00 | 10 | 10 | 5 | 10 | 10 | 20 | 40 |
| Dividend Yield (%) | 0.00 | 0.00 | 0.00 | 1.36 | 0.85 | 0.49 | 0.86 | 0.14 | 0.22 | 0.24 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 22 Sept 2021 |  Dividend | ₹ 5.00 /share | 20 Sept 2021 | 1,255.80 | 1,459.10 |
| 22 Sept 2022 | Dividend | ₹ 10.00 /share | 20 Sept 2022 | 1,019.90 | 1,366.25 |
| 28 Sept 2022 |  Annual General Meeting | NA | 28 Sept 2022 | 1,220.00 | 1,237.50 |
| 22 Sept 2023 | Dividend | ₹ 10.00 /share | 21 Sept 2023 | 1,401.60 | 3,642.75 |
| 28 Sept 2023 | Annual General Meeting | NA | 28 Sept 2023 | 2,749.90 | 3,852.85 |
| 28 Aug 2024 | Dividend | ₹ 20.00 /share | 28 Aug 2024 | 9,875.40 | 8,379.40 |
| 04 Sept 2024 | Annual General Meeting | NA | 04 Sept 2024 | 8,124.45 | 8,285.20 |
| 29 Oct 2024 |  Quarterly Result Announcement | NA | 29 Oct 2024 | 6,755.75 | 6,414.80 |
| 10 Feb 2025 | Quarterly Result Announcement | NA | 10 Feb 2025 | 6,502.65 | 6,588.45 |
| 25 Apr 2025 | Quarterly Result Announcement | NA | 25 Apr 2025 | 8,693.00 | 9,269.50 |
| 23 Jul 2025 | Quarterly Result Announcement | NA | 23 Jul 2025 | 16,755.65 | 17,507.00 |
| 10 Sept 2025 | Dividend | ₹ 40.00 /share | 10 Sept 2025 | 9,269.50 | 18,166.10 |
| 17 Sept 2025 | Annual General Meeting | NA | 17 Sept 2025 | 20,214.00 | 19,734.00 |
Announcements
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018
1 day ago
1 day agoAnnouncement under Regulation 30 (LODR)-Monthly Business UpdatesOct 05, 2025
Oct 05, 2025Closure of Trading WindowSep 26, 2025
Sep 26, 2025Voting Results Of 66Th AGM Under Regulation 44Sep 18, 2025
Sep 18, 2025Shareholder Meeting / Postal Ballot-Scrutinizers ReportSep 18, 2025
Sep 18, 2025Shareholder Meeting / Postal Ballot-Outcome of AGMSep 17, 2025
Sep 17, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationSep 08, 2025
Sep 08, 2025Announcement under Regulation 30 (LODR)-Monthly Business UpdatesSep 03, 2025
Sep 03, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 27, 2025
Aug 27, 2025Business Responsibility and Sustainability Reporting (BRSR)Aug 26, 2025
Aug 26, 2025Notice Of 66Th AGMAug 26, 2025
Aug 26, 2025Reg. 34 (1) Annual Report.Aug 26, 2025
Aug 26, 2025Announcement under Regulation 30 (LODR)-Date of payment of DividendAug 25, 2025
Aug 25, 2025Announcement under Regulation 30 (LODR)-Dividend UpdatesAug 25, 2025
Aug 25, 2025Book Closure From 11Th September 2025 To 17Th September 2025 (Both Days Inclusive) For The Purpose Of 66Th AGMAug 25, 2025
Aug 25, 2025Record Date For Payment Of Dividend By Force Motors Limited Post Approval At AGMAug 25, 2025
Aug 25, 202566Th Annual General Meeting And Its Related Information By Force Motors LimitedAug 25, 2025
Aug 25, 2025Communication To Physical Shareholders To Update KYC And Other DetailsAug 07, 2025
Aug 07, 2025Announcement under Regulation 30 (LODR)-Monthly Business UpdatesAug 05, 2025
Aug 05, 2025Communication To Shareholders For TDS On Dividend IncomeAug 01, 2025
Aug 01, 2025Announcement under Regulation 30 (LODR)-Credit RatingJul 26, 2025
Jul 26, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationJul 24, 2025
Jul 24, 2025Announcement under Regulation 30 (LODR)-Change in ManagementJul 23, 2025
Jul 23, 2025Announcement under Regulation 30 (LODR)-Change in ManagementJul 23, 2025
Jul 23, 2025Board Meeting Outcome for Outcome Of Board Meeeting For Unaudited Standalone And Consolidated Results For Quarter Ended On 30.06.2025Jul 23, 2025
Jul 23, 2025Results-Financial Results For Quarter Ended On 30Th June 2025Jul 23, 2025
Jul 23, 2025Closure of Trading WindowJul 16, 2025
Jul 16, 2025Board Meeting Intimation for Board Meeting For Considering And Approving Unaudited Standalone And Consolidated Financial Results For The Quarter Ended On 30Th June 2025.Jul 16, 2025
Jul 16, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jul 14, 2025
Jul 14, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationJul 14, 2025
Jul 14, 2025Update Of LitigationJul 11, 2025
Jul 11, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationJul 08, 2025
Jul 08, 2025Announcement under Regulation 30 (LODR)-Monthly Business UpdatesJul 03, 2025
Jul 03, 2025Announcement under Regulation 30 (LODR)-Change in ManagementJul 01, 2025
Jul 01, 2025Closure of Trading WindowJun 26, 2025
Jun 26, 2025Announcement under Regulation 30 (LODR)-Change in ManagementJun 09, 2025
Jun 09, 2025Announcement under Regulation 30 (LODR)-Change in ManagementJun 09, 2025
Jun 09, 2025Resignation As Key Managerial Personnel (KMP)Jun 09, 2025
Jun 09, 2025Announcement under Regulation 30 (LODR)-Resignation of Chief Financial Officer (CFO)Jun 09, 2025
Jun 09, 2025Announcement under Regulation 30 (LODR)-Monthly Business UpdatesJun 04, 2025
Jun 04, 2025Compliances-Reg.24(A)-Annual Secretarial ComplianceMay 14, 2025
May 14, 2025Pendency Of Litigation Or Dispute Or The Outcome Thereof Which May Have An Impact On The Listed EntityMay 05, 2025
May 05, 2025Announcement under Regulation 30 (LODR)-Monthly Business UpdatesMay 04, 2025
May 04, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationApr 26, 2025
Apr 26, 2025Announcement under Regulation 30 (LODR)-Change in ManagementApr 25, 2025
Apr 25, 2025Intimation Of Amendment In PolicyApr 25, 2025
Apr 25, 2025Announcement under Regulation 30 (LODR)-Dividend UpdatesApr 25, 2025
Apr 25, 2025Board Meeting Outcome for Outcome Of Board Meeting And Declaration Of DividendApr 25, 2025
Apr 25, 2025Outcome Of Board Meeting And Declaration Of DividendApr 25, 2025
Apr 25, 2025Closure of Trading WindowApr 18, 2025
Apr 18, 2025Mutual Fund Holdings
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RSI(14)
Neutral 44.01
ATR(14)
Less Volatile 742.55
STOCH(9,6)
Neutral 40.90
STOCH RSI(14)
Overbought 83.90
MACD(12,26)
Bearish -15.11
ADX(14)
Strong Trend 30.37
UO(9)
Bearish 48.63
ROC(12)
Downtrend And Accelerating -4.39
WillR(14)
Neutral -49.21
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