Force Motors Ltd (FORCEMOT)
₹17,843.00
Mkt cap
₹23,058 Cr
P/E ratio
21.00
P/B
5.61
Div yield
0.29%
ROE
26.10%
ROCE
36.00%
EPS (TTM)
₹849.67
Book value
₹3,183
52W range
15,303–25,776
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
−30.78% from high₹17,843
₹15,303+16.60% from low₹25,776
Current
₹17,843.00
Prev close
₹17,500.00
Day
+1.96%
Price performance
1D
+1.96%
1W
+1.81%
1M
−3.55%
3M
+1.13%
6M
−16.82%
1Y
−6.54%
YTD
−15.95%
Financials
Revenue, profit & margin
P/E ratio
21.0×
FORCEMOT is 55% below the sector median of 46.5×
FORCEMOT21.0×
Sector median46.5×
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Trend | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,488 | 1,802 | 1,692 | 2,011 | 1,885 | 1,941 | 1,889 | 2,356 | 2,297 | 2,081 | 2,129 | 2,550 | 2,440 | |
| Expenses | 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 | |
| Operating Profit | 177 | 221 | 215 | 279 | 245 | 277 | 232 | 329 | 323 | 363 | 374 | 414 | 328 | |
| OPM % | 12% | 12% | 13% | 14% | 13% | 14% | 12% | 14% | 14% | 17% | 18% | 16% | 13% | |
| Other Income | 11 | 9 | 4 | 18 | 15 | 9 | 20 | 418 | 25 | 26 | 241 | 39 | 43 | |
| Interest | 18 | 16 | 14 | 14 | 9 | 5 | 4 | 7 | 0 | 0 | 0 | 3 | 0 | |
| Depreciation | 63 | 67 | 68 | 68 | 69 | 69 | 71 | 72 | 70 | 71 | 73 | 72 | 77 | |
| Profit before tax | 107 | 147 | 137 | 214 | 182 | 211 | 177 | 668 | 278 | 317 | 543 | 378 | 293 | |
| Tax % | 36% | 36% | 37% | 35% | 36% | 36% | 35% | 35% | 36% | -11% | 25% | 26% | 26% | |
| Net Profit | 69 | 94 | 85 | 140 | 116 | 135 | 115 | 435 | 176 | 351 | 406 | 279 | 217 | |
| EPS in Rs | 52.06 | 71.24 | 64.81 | 106.45 | 87.81 | 102.47 | 87.51 | 329.92 | 133.82 | 266.14 | 308.21 | 211.38 | 164.36 | |
| 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 +2.81% · closed higher next day 5 of last 10
| Q4FY24 | Q1FY25 | Q2FY25 | Q3FY25 | Q4FY25 | Q1FY26 | Q2FY26 | Q3FY26 | Q4FY26 | Q1FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 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◦ |
| Earnings day | −1.01% | −2.55% | +20.00% | +0.03% | −1.62% | +11.72% | −0.09% | +5.09% | −5.15% | +1.64% |
| +1 day | −0.96% | −3.22% | +23.16% | +6.24% | −1.48% | +4.26% | −3.51% | +6.58% | −7.88% | +3.28% |
| +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% | — |
| Filing | 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 Jun 202661.63%Promoter
Promoters61.63%
FIIs9.51%1.42
DIIs1.46%0.29
Public27.39%1.70
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 | ₹12,694.00 | 27.84 | 3,99,103 | 1.10% | 3,447 | −9.11% | 52,470 | +35.91% | 18.87% |
| M&M | ₹3,170.00 | 20.56 | 3,94,199 | 1.04% | 5,998 | +33.80% | 58,188 | +27.80% | 15.10% |
| HYUNDAI | ₹2,205.00 | 36.19 | 1,79,165 | 0.95% | 889 | −35.10% | 16,335 | −0.48% | 38.40% |
| TMPV | ₹311.50 | 115.14 | 1,14,722 | 0.96% | 859 | −69.83% | 95,799 | +9.26% | 2.73% |
| FORCEMOT | ₹17,500.00 | 20.96 | 23,058 | 0.29% | 217 | +22.82% | 2,440 | +6.21% | 36.05% |
| OLECTRA | ₹1,229.00 | 56.86 | 10,088 | 0.05% | 27 | −0.31% | 576 | +65.75% | 21.05% |
| MERCURYEV | ₹36.74 | 153.06 | 698 | 0.00% | 2 | +29.92% | 33 | +47.90% | 2.64% |
| Median: 8 Co. | ₹1,717.00 | 46.52 | 68,890 | 0.62% | 538 | −4.71% | 9,387 | +27.80% | 17.77% |
Filings
Annual reports15
Annual Report 2026bseAnnual Report 2025bseAnnual Report 2024bseAnnual Report 2023bseAnnual Report 2022bseAnnual Report 2021bseAnnual Report 2020bseAnnual Report 2019bseAnnual Report 2018bseAnnual Report 2017bseAnnual Report 2016bseAnnual Report 2015bseAnnual Report 2014bseAnnual Report 2013bseAnnual Report 2012bse
Concall transcripts5
Credit ratings6
Announcements5
Announcement under Regulation 30 (LODR)-Monthly Business Updates 1 Sep - August 2026 domestic sales rose 62.14% to 3,721 units; total sales rose 58.22% to 3,802 units.Announcement under Regulation 30 (LODR)-Newspaper Publication 26 Aug - Copy of Newspaper Publication of Notice of 67th AGMAGM Intimation 25 Aug - 67th AGM on 16 September 2026; annual report for FY2025-26 dispatched.Business Responsibility and Sustainability Reporting (BRSR) 25 Aug - Force Motors filed FY26 BRSR; said rooftop solar plant commissioned at Pithampur.Reg. 34 (1) Annual Report. 25 Aug