Force Motors Ltd (FORCEMOT)
₹17,355.00
Mkt cap
₹22,867 Cr
P/E ratio
21.90
P/B
4.93
Div yield
0.29%
ROE
29.20%
ROCE
36.00%
EPS (TTM)
₹792.47
Book value
₹3,520
52W range
16,109–26,450
Sector
Consumer Discretionary
Price history
Previous close
Force Motors Ltd was established in 1958, is the flagship company of the Abhay Firodia group. The company is in the business of manufacturing fully vertically integrated small and light CVs, multi-utility vehicles, and agricultural tractors, which it supplies to various countries in the Middle East, Asia, Latin America, and Africa. It was known as Bajaj Tempo till 2005 [1]
NSE FORCEMOTBSE 500033
Health check
Constructive
ValuationCheap
ProfitabilityStrong
GrowthModerate
TechnicalsBearish
52-week range
−34.39% from high₹17,355
₹16,109+7.73% from low₹26,450
Current
₹17,355.00
Prev close
₹16,856.00
Day
+2.96%
Price performance
1D
+2.96%
1W
+5.82%
1M
+2.66%
3M
−1.49%
6M
−17.30%
1Y
+4.08%
YTD
−18.25%
Financials
Revenue, profit & margin
P/E ratio
21.9×
FORCEMOT is 44% below the sector median of 39.0×
FORCEMOT21.9×
Sector median39.0×
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | Trend | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,802 | 1,692 | 2,011 | 1,885 | 1,941 | 1,889 | 2,356 | 2,297 | 2,081 | 2,129 | 2,550 | 2,440 | 2,925 | |
| Expenses | 1,581 | 1,477 | 1,733 | 1,640 | 1,664 | 1,658 | 2,027 | 1,974 | 1,719 | 1,755 | 2,136 | 2,112 | 2,491 | |
| Operating Profit | 221 | 215 | 279 | 245 | 277 | 232 | 329 | 323 | 363 | 374 | 414 | 328 | 434 | |
| OPM % | 12% | 13% | 14% | 13% | 14% | 12% | 14% | 14% | 17% | 18% | 16% | 13% | 15% | |
| Other Income | 9 | 4 | 18 | 15 | 9 | 20 | 418 | 25 | 26 | 241 | 39 | 43 | 46 | |
| Interest | 16 | 14 | 14 | 9 | 5 | 4 | 7 | 0 | 0 | 0 | 3 | 0 | 2 | |
| Depreciation | 67 | 68 | 68 | 69 | 69 | 71 | 72 | 70 | 71 | 73 | 72 | 77 | 82 | |
| Profit before tax | 147 | 137 | 214 | 182 | 211 | 177 | 668 | 278 | 317 | 543 | 378 | 293 | 396 | |
| Tax % | 36% | 37% | 35% | 36% | 36% | 35% | 35% | 36% | -11% | 25% | 26% | 26% | 26% | |
| Net Profit | 94 | 85 | 140 | 116 | 135 | 115 | 435 | 176 | 351 | 406 | 279 | 217 | 294 | |
| EPS in Rs | 71.24 | 64.81 | 106.45 | 87.81 | 102.47 | 87.51 | 329.92 | 133.82 | 266.14 | 308.21 | 211.38 | 164.36 | 223.04 | |
| Raw PDF |
Earnings
Results dates & reactionsNo upcoming results date on calendar.
Fresh quarters land in the Financials table above, tagged NSE until screener catches up.
Avg earnings-day move +2.42% · closed higher next day 6 of last 11
| Q4FY24 | Q1FY25 | Q2FY25 | Q3FY25 | Q4FY25 | Q1FY26 | Q2FY26 | Q3FY26 | Q4FY26 | Q1FY27 | Q2FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Broadcast | 26 Apr '24◦ | 30 Jul '24◦ | 29 Oct '24◦ | 10 Feb '25◦ | 25 Apr '25◦ | 23 Jul '25◦ | 7 Nov '25◦ | 4 Feb '26◦ | 29 Apr '26◦ | 29 Jul '26◦ | 28 Oct '26◦ |
| Earnings day | −1.01% | −2.55% | +20.00% | +0.03% | −1.62% | +11.72% | −0.09% | +5.09% | −5.15% | +1.64% | −1.39% |
| +1 day | −0.96% | −3.22% | +23.16% | +6.24% | −1.48% | +4.26% | −3.51% | +6.58% | −7.88% | +3.28% | +1.53% |
| +5 days | −4.29% | −11.69% | +18.47% | +4.52% | +8.95% | −1.14% | −3.41% | +18.79% | −0.51% | +7.82% | — |
| +15 days | −9.53% | −8.74% | +9.01% | +18.10% | +14.57% | +14.78% | +0.20% | +26.85% | −5.28% | +3.18% | — |
| +30 days | −6.20% | −25.37% | +6.07% | +39.60% | +33.52% | −0.64% | +0.93% | +7.55% | −11.65% | +4.85% | — |
| Filing | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL |
Corporate actions
Last 6 monthsNo recent corporate actions
Dividends, splits, and bonuses in the last six months show up here.
Shareholding
as of Sep 202661.63%Promoter
Promoters61.63%
FIIs7.10%2.41
DIIs2.48%1.02
Public28.78%1.39
Ownership trend
Peers
7 companiesValuation vs quality
P/E × ROCE · bubble = market cap| Name | CMP | P/E | Mkt Cap | Div Yld | NP Qtr | Qtr Profit Var | Sales Qtr | Qtr Sales Var | ROCE |
|---|---|---|---|---|---|---|---|---|---|
| Maruti Suzuki | ₹11,397.00 | 26.64 | 3,58,325 | 1.23% | 2,466 | −26.36% | 53,356 | +26.00% | 18.87% |
| M & M | ₹2,840.30 | 18.42 | 3,53,199 | 1.16% | 5,998 | +33.80% | 58,188 | +27.80% | 15.10% |
| Hyundai Motor I | ₹1,911.00 | 33.94 | 1,55,277 | 1.10% | 1,196 | −23.92% | 20,696 | +18.53% | 38.40% |
| Tata Motors PVeh | ₹265.40 | 98.10 | 97,747 | 1.13% | 859 | −69.83% | 95,799 | +9.26% | 2.73% |
| Force Motors | ₹17,355.00 | 21.92 | 22,867 | 0.29% | 294 | −16.19% | 2,925 | +40.51% | 36.05% |
| Olectra Greentec | ₹951.10 | 44.00 | 7,807 | 0.06% | 27 | −0.31% | 576 | +65.75% | 21.05% |
| Mercury EV-Tech | ₹31.69 | 136.82 | 602 | 0.00% | 2 | −9.30% | 30 | −11.53% | 2.52% |
| Median: 8 Co. | ₹1,431.05 | 38.97 | 60,307 | 0.70% | 576 | −20.05% | 11,810 | +26.00% | 17.77% |
Filings
Annual reports15
Concall transcripts5
Credit ratings6
Announcements5
Announcement under Regulation 30 (LODR)-Newspaper Publication 29 Oct - Newspaper publication of Unaudited Financial Results for the quarter and half year ended on 30.09.2026.Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 28 OctShareholder Meeting / Postal Ballot-Scrutinizer"s Report 28 OctBoard Meeting Outcome for Outcome Of Board Meeting Held On 28.10.2026- Unaudited Standalone And Consolidated Financial Results For The Quarter And Half Year Ended On 30.09.2026 28 Oct - Force Motors approved Q2/H1 FY27 results; standalone PAT Rs 291.44 crore, acquired Veera Tanneries.Results-Financial Results For The Quarter And Half Year Ended On 30.09.2026 28 Oct - Force Motors approved Q2/H1 FY27 results; standalone PAT ₹291.44 crore, consolidated PAT ₹293.91 crore.