Force Motors FY26 PAT rises 51% to ₹1,211 crore on sales growth
Force Motors reported a 51% increase in profit after tax (PAT) to ₹1,211 crore for FY26, while sales rose 12% to ₹8,980 crore. Profit before tax (PBT) grew 55% to ₹1,304 crore. The company achieved an annualized ROIC of 23.72% and shifted to a new tax regime during the year.
*this image is generated using AI for illustrative purposes only.
force motors reported a 51% increase in profit after tax (PAT) to ₹1,211 crore for the financial year 2025-26 (FY26), while sales rose 12% to ₹8,980 crore. Profit before tax (PBT) grew 55% to ₹1,304 crore for the same period. The company shifted to a new tax regime during the financial year.
The standalone performance data reveals a 3-year compound annual growth rate (CAGR) of 21.7% for sales and 151.1% for PBT. The 10-year CAGR for sales stood at 11.6%, while PBT recorded an 18.0% CAGR over the same decade.
Financial Performance
The company's annualized Return on Invested Capital (ROIC) reached 23.72% in FY26, up from 17.81% in the previous year. Cash flow from operations for FY26 was reported at ₹1,297 crore, with capital expenditure (Capex) at ₹971 crore.
| Metric | FY 25 | FY 26 | Growth |
|---|---|---|---|
| Sales (₹ Cr.) | 8007 | 8980 | 12.0% |
| PBT (₹ Cr.) | 843 | 1304 | 55.0% |
| PAT (₹ Cr.) | 800 | 1211 | 51.0% |
Strategic Initiatives
Sustainability remains central to Force Motors’ growth strategy. In 2024–25, the company achieved a 4× improvement in emissions avoided over the previous year and a 22% reduction in GHG emissions intensity. The company targets a 50% reduction in GHG intensity by 2030.
Force Motors diverted 97% of waste to achieve zero waste to landfill status and sourced 13.47% of its electricity from renewable sources, with a target of 50% by 2027. Water use per equivalent vehicle was reduced by 9%.
The investor presentation was submitted to BSE Limited and National Stock Exchange of India Ltd. on June 26, 2026, by Rohan Sampat, Company Secretary & Compliance Officer.
Historical Stock Returns for Force Motors
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.47% | -1.61% | -7.48% | +0.14% | +34.06% | +1,453.36% |
How will the shift to the new tax regime impact Force Motors' long-term effective tax rate and net profit margins?
What specific capital expenditure projects are driving the high Capex of ₹971 crore, and what ROI is expected from these investments?
Can the current 23.72% ROIC be sustained given the aggressive growth targets and increased investment in sustainability?
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