Force Motors
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Force Motors share price

Force Motors Ltd.

NSE: FORCEMOT BSE: 500033 SECTOR: Automobiles-Trucks/Lcv  68k   169   21

3841.35
-4.05 (-0.11%)
NSE: 04 Oct 03:59 PM

Price Summary

Today's High

₹ 3900

Today's Low

₹ 3763.25

52 Week High

₹ 4001.85

52 Week Low

₹ 1085.2

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyPoor
The company seems highly inefficient in case of asset management.
FinancialsVery Stable
The company possesses stable growth history and manageable debt.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

₹ 5061.46 Cr.

Enterprise Value

₹ 5878.02 Cr.

No. of Shares

1.32 Cr.

P/E

21.4

P/B

2.53

Face Value

₹ 10

Div. Yield

0.26 %

Book Value (TTM)

₹  1521.23

CASH

₹ 138.2 Cr.

DEBT

₹ 954.76 Cr.

Promoter Holding

61.63 %

EPS (TTM)

₹  179.54

Sales Growth

55.2%

ROE

8.18 %

ROCE

12.5%

Profit Growth

303.82 %

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* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Brands

These are the brands of Force Motors Ltd.

TRAVELLER MONOBUS TRAVELLER TRAX GURKHA BALWAN KARGO KING

Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.

PE Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

PB Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

View Full Peer Comparison
* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

Track the companies of Group.

Ratios

Sales Growth

1 Year55.2%
3 Year17.75%
5 Year8%

Profit Growth

1 Year303.82%
3 Year37.74%
5 Year0.68%

ROE%

1 Year8.18%
3 Year-0.58%
5 Year1.82%

ROCE %

1 Year12.5%
3 Year1.37%
5 Year3.6%

Debt/Equity

0.4941

Price to Cash Flow

9.52

Interest Cover Ratio

5.24897660818713

CFO/PAT (5 Yr. Avg.)

7.47303462798315

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Jun 2023 61.63 0
Mar 2023 61.63 0
Dec 2022 61.63 0
Sep 2022 61.63 0
Jun 2022 61.63 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 37.7355420284033% for the Past 3 years.
  • The company has shown a good revenue growth of 17.7493045090584% for the Past 3 years.
  • Company’s PEG ratio is 0.0704235272477141.
  • The company has an efficient Cash Conversion Cycle of 8.39316248706979 days.
  • The company has a good cash flow management; CFO/PAT stands at 7.47303462798315.
  • The company has a high promoter holding of 61.63%.
  • The company has a strong degree of Operating leverage, Average Operating leverage stands at 6.43613061603944.

 Limitations

  • Company has a poor ROE of -0.582106231656494% over the past 3 years.
  • Company has a poor ROCE of 1.37398248691989% over the past 3 years

Quarterly Result (All Figures in Cr.)

PARTICULARS Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023
Net Sales 970.71 1263.97 1303.76 1490.15 1487.44
Total Expenditure 926.02 1164.88 1238.75 1369.52 1306.95
Operating Profit 44.69 99.09 65.01 120.63 180.49
Other Income 6.77 12.11 5.15 38 11.47
Interest 13.8 19.63 16.99 17.98 17.9
Depreciation 56.84 60.98 60.22 62.7 63.46
Exceptional Items 0 0 0 208.32 0
Profit Before Tax -19.18 30.59 -7.05 286.27 110.6
Tax -6.64 10.62 -2.51 137.11 38.63
Profit After Tax -12.54 19.97 -4.54 149.16 71.97
Adjusted EPS (Rs) -9.51 15.15 -3.44 113.17 54.61

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 3652.1 3080.13 1987.82 3240.04 5028.59
Total Expenditure 3373.66 2811.64 1975.09 3173.29 4699.17
Operating Profit 278.44 268.49 12.73 66.75 329.42
Other Income 81.62 42.77 24.89 51.88 62.03
Interest 15.33 27.85 28.22 41.04 68.4
Depreciation 150.92 194.52 173.67 190.94 240.74
Exceptional Items 0 -39.06 0 0 208.32
Profit Before Tax 193.81 49.83 -164.27 -113.35 290.63
Tax 46.63 -8.36 -52.41 -38.75 138.58
Net Profit 147.18 58.19 -111.86 -74.6 152.05
Adjusted EPS (Rs.) 111.67 44.15 -84.87 -56.6 115.36

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 13.18 13.18 13.18 13.18 13.18
Total Reserves 1921.69 1962.53 1847.3 1773.76 1919.27
Borrowings 205.63 187.5 987.56 600.55 594.97
Other N/C liabilities 42.29 25.15 -27.21 -66.15 26.06
Current liabilities 653.11 911.11 873.58 1282.59 1509.39
Total Liabilities 2835.9 3099.47 3200.63 3603.93 4062.87
Assets
Net Block 1210.05 1394.62 1218.21 2027.97 2087.3
Capital WIP 132.65 174.84 368.73 155.65 38.66
Intangible WIP 239.15 270.23 356.12 146.5 115.01
Investments 28.19 91.84 126.31 153.79 158.9
Loans & Advances 133.07 140.72 249.84 94.02 74.52
Other N/C Assets 6.55 5.54 5.3 5.06 29.54
Current Assets 1086.24 1021.68 876.12 1020.94 1558.94
Total Assets 2835.9 3099.47 3200.63 3603.93 4062.87
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 193.81 49.83 -164.27 -113.35 290.63
Adjustment 146.55 204.53 219.49 228.92 435.43
Changes in Assets & Liabilities 18.83 170.75 -45.5 -99.9 -191.28
Tax Paid -47.16 -16.24 -2.65 2.49 -3.32
Operating Cash Flow 312.03 408.87 7.07 18.16 531.46
Investing Cash Flow -605.58 -327.39 -332.43 -355.74 -256.47
Financing Cash Flow 256.26 -19.73 293.45 374.77 -206.85
Net Cash Flow -37.29 61.75 -31.91 37.19 68.14

Corporate Actions

Investors Details

PARTICULARS Jun 2022% Sep 2022% Dec 2022% Mar 2023% Jun 2023%
promoters 61.63 61.63 61.63 61.63 61.63
abhaykumar navalmal firod... 2.01 2.01 2.01 2.01 2.01
indira abhaykumar firodia... 0.49 0.49 0.49 0.49 0.49
jaya hind industries priv... 57.38 57.38 57.38 57.38 57.38
kamala bansilal bhandari 0.06 0.06 0.06 0.06 0.06
prasan abhaykumar firodia... - 1.68 1.68 1.68 1.68
shyamala navalakha 0.02 0.02 0.02 0.02 0.02
sunanda sudhir mehta 0.01 0.01 0.01 0.01 0.01
prasannasinh abhaykumar f... 1.68 - - - -
PARTICULARS Jun 2022% Sep 2022% Dec 2022% Mar 2023% Jun 2023%
investors 38.37 38.37 38.37 38.37 38.37
investor education and pr... - 0.38 - 0.39 0.41
jupiter india fund 1.70 1.70 1.70 1.70 1.59
llp 0.03 0.03 0.05 0.03 0.05
sundaram mutual fund a/c ... - 1.83 1.82 1.61 1.09
vanaja sundar iyer - - - - 1.43
investor education and pr... - - 0.39 - -
iepf 0.38 - - - -
sundaram mutual fund a/c ... 2.52 - - - -

Annual Reports

Ratings & Research Reports

Company Presentations

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Company News

Force Motors informs about closure of trading window28 Sep 2023, 4:44PM Force Motors informs about newspaper advertisement7 Sep 2023, 10:36AM Force Motors’ SCV & LCV production stands at 2,360 units in August6 Sep 2023, 5:08PM Force Motors - Quaterly Results9 Aug 2023, 5:25PM Force Motors - Quaterly Results9 Aug 2023, 5:25PM Force Motors - Quaterly Results9 Aug 2023, 5:25PM Force Motors’ SCV & LCV production stands at 2,447 units in July5 Aug 2023, 10:28AM Force Motor informs about board meeting2 Aug 2023, 5:16PM Force Motors’ SCV & LCV production stands at 2,350 units in May6 Jun 2023, 12:17PM Force Motors - Quaterly Results29 May 2023, 5:29PM Force Motors - Quaterly Results29 May 2023, 5:29PM Force Motors’ SCV & LCV production stands at 2,017 units in April5 May 2023, 2:37PM Force Motors informs about monthly business updates5 May 2023, 12:53PM Force Motors’ SCV & LCV production stands at 1,922 units in March6 Apr 2023, 2:59PM Force Motors informs about details of loss of certificate 5 Apr 2023, 4:37PM Force Motors informs about details of loss of certificate 22 Mar 2023, 12:37PM Force Motors’ SCV & LCV production stands at 1,654 units in February4 Mar 2023, 11:18AM Force Motors - Quaterly Results9 Feb 2023, 4:58PM Force Motors - Quaterly Results9 Feb 2023, 4:58PM Force Motors - Quaterly Results9 Feb 2023, 4:58PM Force Motors informs about board meeting 2 Feb 2023, 4:36PM Force Motors informs about issuance of share certificate18 Jan 2023, 3:12PM Force Motors informs about certificate6 Jan 2023, 4:39PM Force Motors’ SCV & LCV production stands at 1,603 units in December6 Jan 2023, 9:38AM Force Motors submits voting results27 Dec 2022, 9:54AM Force Motors informs about details of loss of certificate16 Dec 2022, 5:29PM Force Motors’ SCV & LCV production stands at 1,271 units in November6 Dec 2022, 12:40PM Force Motors informs about disclosure of related party transactions25 Nov 2022, 12:56PM Force Motors commences production of next-generation shared mobility platform Urbania22 Nov 2022, 9:26AM Force Motors - Quaterly Results11 Nov 2022, 6:07PM Force Motors - Quaterly Results11 Nov 2022, 6:07PM Force Motors informs about certificate12 Oct 2022, 10:37AM Force Motors’ SCV & LCV production stands at 1,885 units in September 4 Oct 2022, 3:50PM Force Motors informs about change in directorate13 Sep 2022, 3:37PM Force Motors - Quaterly Results13 Aug 2022, 7:18PM Force Motors - Quaterly Results13 Aug 2022, 7:18PM Force Motors’ SCV & LCV production stands at 1,663 units in July 5 Aug 2022, 10:46AM Force Motors informs about updates 5 Aug 2022, 9:44AM Force Motors informs about newspaper advertisement19 Jul 2022, 12:45PM Force Motors informs about details of loss of certificate5 Jul 2022, 5:10PM Force Motors informs about updates5 Jul 2022, 12:59PM Force Motors’ SCV & LCV production stands at 1,503 units in June5 Jul 2022, 11:53AM Force Motors informs about monthly business updates3 Jun 2022, 4:19PM Force Motors’ SCV & LCV production stands at 1,299 units in May3 Jun 2022, 12:06PM Force Motors - Quaterly Results27 May 2022, 5:57PM Force Motors - Quaterly Results27 May 2022, 5:57PM Force Motors ties up with ASDC8 Apr 2022, 3:27PM Force Motors’ SCV & LCV domestic sales stands at 1,423 units in February6 Apr 2022, 12:16PM Force Motors informs about resignation of independent director 1 Apr 2022, 10:25AM Emami, Ugro Capital and Kotak Mahindra Bank to see some action today 7 Mar 2022, 8:33AM

Force Motors Stock Price Analysis and Quick Research Report. Is Force Motors an attractive stock to invest in?

 

The Indian Auto Industry comes in the top 5 largest auto industries of the world. India is also a prominent auto exporter and has strong export growth expectations for the near future. The support from the government is providing the auto companies with a boost needed in their development. But will it sustain?
We can look into more details and dig a little deeper into the analysis of the stock of this sector. Let’s look at how Force Motors is performing and if it is the right time to buy the stock of Force Motors with detailed analysis.

  • The mainstream of revenue for Auto Sector is their sales, Force Motors has reported outstanding sales growth of 55.2014789940865 % and in the latest quarter sales was Rs 1487.44 Cr. To judge whether the company’s inventory is being sold or not and the sales picture is true, inventory turnover ratio plays a major role, which is 6.87116036292086 times for Force Motors . It is managing its inventory poorly . 
     
  • The company reported Profit growth of 303.820375335121 % over the year, where the latest year profit is Rs 152.05 Cr compared to the previous year of Rs -74.6 Cr. The new permits by governments and increasing demand will lead to an increase in profits in the coming year.
     
  • The operating profit of the company in the latest quarter is Rs 180.49 Cr. It helps in measuring the company’s operating performance which is used to make financing decisions.
     
  • Force Motors has a poor ROE of 8.17607188275497 %. The ROE is an important financial parameter because Auto companies work with high equity investments. Also, they have to take huge debt to incur the research and manufacturing work so their Debt to Equity ratio should be evaluated. Force Motors has a low Debt to Equity ratio of 0.4941.
     
  • Force Motors pays a dividend of 10 Rs per share. It tells us that a company dislikes to share profits with its shareholders. The dividend yield is low at 0.2607 %.
     
  • The share of promoter in the company is high at 61.63 %, where the pledging is 0 %.
     
  • What the market is willing to pay for the company for its earnings can be determined by PE multiple. Current PE of Force Motors is 21.3961066087392 compared to the 5 year average PE of 8.39889597613502 .
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Brief about Force Motors
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