| 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 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
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 | 2,107 | 2,370 | 2,589 | 2,483 |
| 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 | 1,719 | 1,755 | 2,136 | 2,112 |
| 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 | 388 | 616 | 453 | 371 |
| 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 % | 17 % | 18 % | 16 % | 13 % |
| 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 | 71 | 73 | 72 | 77 |
| 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 | 0 | 0 | 3 | 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 | 317 | 543 | 378 | 293 |
| 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 | -34 | 137 | 100 | 77 |
| 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 | 351 | 406 | 279 | 217 |
| 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 | 266.14 | 308.22 | 211.37 | 164.36 |
Force Motors
Force Motors
16,800.00
-254.00
(-1.49%)
Market Cap
21,895.30 Cr
PE Ratio
17.97
Volume
1,17,482.00
Day High - Low
17,389.00 - 16,531.00
52W High-Low
26,450.00 - 14,911.00
Key Fundamentals
Market Cap
21,895.30 Cr
EPS
919.56
PE Ratio
17.97
PB Ratio
5.36
Book Value
3,183.26
EBITDA
1,593.60
Dividend Yield
0.29 %
Industry
Automobiles Sector
Cars & Utility Vehicles Return on Equity
28.87
Debt to Equity
0.00
Actual
Company News
View All News
Force Motors sales jump 57% in Sept 2026
4 days ago
4 days agoForce Motors reported a 57.13% YoY rise in total sales to 4,101 units in September 2026, driven by strong domestic demand despite export declines.
Force Motors to lift share transfer restrictionsSep 21, 2026
Sep 21, 2026Force Motors Ltd board meeting on Sep 25, 2026, considers removing transfer restrictions on 27,600 'A' and 1,15,748 'Second A' equity shares. These shares are unlisted.
Force Motors clarifies unsolicited ESG ratingSep 18, 2026
Sep 18, 2026Force Motors Limited clarified that it did not engage Niche Ninety Nine for an ESG rating of 66 assigned on September 17, 2026. The firm stated the assessment was independently prepared using public domain information.
View more
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 |
|---|---|---|---|---|---|---|---|---|
11,386.00 | #1 3,57,978.77 | 26.21 | 1,87,673.20 | 18.83 | 14,680 | -9.11 | 21.68 | |
2,860.00 | 3,55,649.25 | 18.11 | 2,02,084.30 | 25.21 | #1 18,622 | #1 37.04 | 23.14 | |
2,024.00 | 1,64,458.32 | 33.35 | 71,752.10 | 2.35 | 5,432 | -35.10 | 38.19 | |
279.40 | 1,02,906.92 | #1 1.32 | #1 3,41,547.00 | -8.09 | -1,377 | -78.54 | 27.39 | |
16,800.00 | #5 21,895.30 | #2 17.97 | #5 9,167.50 | #4 12.78 | #4 1,212 | #3 22.79 | 39.27 | |
1,096.20 | 8,997.69 | 51.67 | 2,326.50 | #1 28.24 | 180 | 2.69 | 28.68 | |
37.06 | 704.04 | 159.54 | 102.08 | 9.65 | 5 | 23.08 | 42.68 | |
14.81 | 231.45 | -80.68 | 2.80 | -86.67 | -32 | -95.24 | 52.09 |
Growth Rate
Revenue Growth
12.78 %
Net Income Growth
51.29 %
Cash Flow Change
-16.13 %
ROE
9.44 %
ROCE
-8.85 %
EBITDA Margin (Avg.)
22.91 %
Quarterly Financial Results
Balance Sheet
| Balance Sheet | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
| Total Assets | 1,975 | 2,305 | 2,701 | 2,523 | 2,836 | 3,098 | 3,238 | 3,661 | 4,013 | 4,415 | 5,134 | 6,538 |
| Fixed Assets | 638 | 792 | 911 | 949 | 1,216 | 1,400 | 1,224 | 2,033 | 2,094 | 2,031 | 1,969 | 1,921 |
| Current Assets | 997 | 1,221 | 1,498 | 1,127 | 1,091 | 1,027 | 882 | 1,027 | 1,565 | 2,046 | 2,580 | 3,832 |
| Capital Work in Progress | 240 | 205 | 220 | 369 | 372 | 445 | 725 | 302 | 154 | 171 | 287 | 536 |
| Investments | 0 | 8 | 9 | 10 | 23 | 78 | 100 | 111 | 97 | 91 | 103 | 98 |
| Other Assets | 1,098 | 1,300 | 1,561 | 1,196 | 1,225 | 1,175 | 1,189 | 1,215 | 1,668 | 2,121 | 2,775 | 3,982 |
| Total Equity & Liabilities | 1,975 | 2,305 | 2,701 | 2,523 | 2,836 | 3,098 | 3,238 | 3,661 | 4,013 | 4,415 | 5,134 | 6,538 |
| Current Liabilities | 594 | 715 | 901 | 683 | 653 | 911 | 874 | 1,283 | 1,509 | 1,636 | 1,725 | 2,044 |
| Non Current Liabilities | 61 | 98 | 131 | 37 | 248 | 220 | 524 | 629 | 627 | 521 | 373 | 297 |
| Total Equity | 1,320 | 1,491 | 1,669 | 1,803 | 1,935 | 1,967 | 1,840 | 1,750 | 1,877 | 2,257 | 3,036 | 4,197 |
| Reserve & Surplus | 1,306 | 1,477 | 1,654 | 1,788 | 1,920 | 1,952 | 1,825 | 1,735 | 1,862 | 2,242 | 3,020 | 4,181 |
| Share Capital | 13 | 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 | 2026 |
| Net Cash Flow | 85 | 9 | 30 | -47 | -35 | 62 | -32 | 38 | 68 | 308 | 58 | 324 |
| Investing Activities | -96 | -210 | -621 | -81 | -606 | -327 | -333 | -356 | -257 | -198 | -926 | -900 |
| Operating Activities | 226 | 256 | 471 | 257 | 314 | 409 | 7 | 18 | 532 | 1,015 | 1,547 | 1,297 |
| Financing Activities | -45 | -37 | 180 | -223 | 256 | -20 | 294 | 375 | -207 | -509 | -562 | -73 |
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 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| 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 % | 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 % | 10.27 % | 10.46 % | 10.93 % | 9.52 % |
| 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 % | 1.48 % | 1.80 % | 1.76 % | 1.46 % |
| 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 % | 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 % | 20.98 % | 20.53 % | 20.29 % | 21.13 % |
| 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 % | 5.64 % | 5.59 % | 5.39 % | 6.27 % |
| 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 | 72,334 | 71,870 | 78,750 | 94,439 |
Dividend History
| Annual Cash Flows | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Per Share (₹) | 10 | 10 | 10 | 10 | 5 | 10 | 10 | 20 | 40 | 50 |
| Dividend Yield (%) | 0.37 | 0.59 | 1.36 | 0.85 | 0.49 | 0.86 | 0.14 | 0.22 | 0.21 | 0.3 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 26 Oct 2026 |  Extraordinary General Meeting | NA | 26 Oct 2026 | 17,075.00 | 16,800.00 |
| 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 |
| 07 Nov 2025 | Quarterly Result Announcement | NA | 07 Nov 2025 | 17,098.00 | 17,883.00 |
| 04 Feb 2026 | Quarterly Result Announcement | NA | 04 Feb 2026 | 18,797.10 | 20,012.15 |
| 29 Apr 2026 | Quarterly Result Announcement | NA | 29 Apr 2026 | 21,874.95 | 20,767.00 |
| 29 Jul 2026 | Quarterly Result Announcement | NA | 29 Jul 2026 | 17,687.70 | 17,197.00 |
| 09 Sept 2026 | Dividend | ₹ 50.00 /share | 09 Sept 2026 | 20,767.00 | 17,625.00 |
| 16 Sept 2026 | Annual General Meeting | NA | 16 Sept 2026 | 17,613.00 | 17,245.00 |
Announcements
Announcement under Regulation 30 (LODR)-Newspaper Publication2 days ago
2 days agoAnnouncement under Regulation 30 (LODR)-Newspaper Publication2 days ago
2 days agoShareholders Meeting-02/2026-27 EGM Of "Second A" Equity Shareholders Of The Company.3 days ago
3 days agoShareholder Meeting-01/2026-27 EGM Of "A" Equity Shareholders Of The Company3 days ago
3 days agoIntimation Of Date Of EGM And Related Information For Second A Equity Shareholders3 days ago
3 days agoShareholder Meeting-EGM For "A" Equity Shareholders Of Force Motors Limited3 days ago
3 days agoAnnouncement under Regulation 30 (LODR)-Monthly Business Updates4 days ago
4 days agoClosure of Trading Window6 days ago
6 days agoBoard Meeting Outcome for Removal Of Restrictions Of Transferability And Other Incidental Conditions Of 27600 "A" Equity Shares (Held By Shareholders In Physical Mode) And 115748 Second A Equity Shares (Held By Shareholders In Physical Mode) Of Force Moto9 days ago
9 days agoBoard Meeting Intimation for Consideration And Approval Of The Proposal Of Removal Of Restriction On Transferability And Other Incidental Conditions Of 27600 "A" Equity Shares And 115748 Second A Equity Shares Of Force Motors Limited.Sep 21, 2026
Sep 21, 2026ESG RatingSep 18, 2026
Sep 18, 2026Shareholder Meeting / Postal Ballot-Scrutinizers ReportSep 18, 2026
Sep 18, 2026Shareholder Meeting / Postal Ballot-Outcome of AGMSep 16, 2026
Sep 16, 2026Announcement under Regulation 30 (LODR)-Monthly Business UpdatesSep 01, 2026
Sep 01, 2026Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 26, 2026
Aug 26, 2026Business Responsibility and Sustainability Reporting (BRSR)Aug 25, 2026
Aug 25, 2026AGM IntimationAug 25, 2026
Aug 25, 2026Reg. 34 (1) Annual Report.Aug 25, 2026
Aug 25, 2026Announcement under Regulation 30 (LODR)-Dividend UpdatesAug 25, 2026
Aug 25, 2026Announcement under Regulation 30 (LODR)-Date of payment of DividendAug 25, 2026
Aug 25, 2026Book Closure - 10-09-2026 To 16-09-2026 (Both Days Inclusive)Aug 25, 2026
Aug 25, 2026Record Date For Dividend For FY 2025-26- 09-09-2026Aug 25, 2026
Aug 25, 2026Shareholder Meeting - AGM On 16-09-2026Aug 25, 2026
Aug 25, 2026Communication To Shareholders Holding Shares In Physical Mode - Furnishing Of PAN And Other KYC DetailsAug 25, 2026
Aug 25, 2026Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 24, 2026
Aug 24, 2026Announcement under Regulation 30 (LODR)-Investor PresentationAug 07, 2026
Aug 07, 2026Announcement under Regulation 30 (LODR)-Monthly Business UpdatesAug 03, 2026
Aug 03, 2026Announcement under Regulation 30 (LODR)-Newspaper PublicationJul 30, 2026
Jul 30, 2026Announcement under Regulation 30 (LODR)-CessationJul 29, 2026
Jul 29, 2026Announcement under Regulation 30 (LODR)-Change in ManagementJul 29, 2026
Jul 29, 2026Announcement under Regulation 30 (LODR)-Change in DirectorateJul 29, 2026
Jul 29, 2026Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of AssociationJul 29, 2026
Jul 29, 2026Board Meeting Outcome for Outcome Of Board Meeting- Results For The Quarter Ended On 30Th June 2026.Jul 29, 2026
Jul 29, 2026Results-Financial Results For The Quarter Ended On 30Th June 2026.Jul 29, 2026
Jul 29, 2026Closure of Trading WindowJul 22, 2026
Jul 22, 2026Board Meeting Intimation for Considering And Approving Quarterly Unaudited Standalone And Consolidated Financial Results For The Quarter Ended On 30Th June 2026Jul 22, 2026
Jul 22, 2026Announcement Under Regulation 30 (LODR)- UpdateJul 21, 2026
Jul 21, 2026Announcement under Regulation 30 (LODR)-Newspaper PublicationJul 21, 2026
Jul 21, 2026Announcement under Regulation 30 (LODR)-Change in ManagementJul 17, 2026
Jul 17, 2026Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jul 13, 2026
Jul 13, 2026Announcement under Regulation 30 (LODR)-Monthly Business UpdatesJul 01, 2026
Jul 01, 2026Announcement under Regulation 30 (LODR)-Investor PresentationJun 26, 2026
Jun 26, 2026Announcement under Regulation 30 (LODR)-Newspaper PublicationJun 26, 2026
Jun 26, 2026Closure of Trading WindowJun 25, 2026
Jun 25, 2026Announcement under Regulation 30 (LODR)-Change in ManagementJun 01, 2026
Jun 01, 2026Announcement under Regulation 30 (LODR)-CessationJun 01, 2026
Jun 01, 2026Announcement under Regulation 30 (LODR)-Monthly Business UpdatesJun 01, 2026
Jun 01, 2026Compliances-Reg.24(A)-Annual Secretarial ComplianceMay 27, 2026
May 27, 2026Announcement under Regulation 30 (LODR)-Monthly Business UpdatesMay 05, 2026
May 05, 2026Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseMay 05, 2026
May 05, 2026Mutual Fund Holdings
Technical Indicators
RSI(14)
Neutral 39.27
ATR(14)
Volatile 455.38
STOCH(9,6)
Oversold 18.37
STOCH RSI(14)
Oversold 6.06
MACD(12,26)
Bearish -46.09
ADX(14)
Weak Trend 12.01
UO(9)
Bearish 33.45
ROC(12)
Downtrend And Accelerating -2.58
WillR(14)
Oversold -82.27
we are part of Raise Financial Services
built with love
for indians who love to invest & trade
Market Community
Follow us on
