Force Motors Ltd.

NSE: FORCEMOT BSE: 500033 SECTOR: Automobiles-Trucks/Lcv

1462.2
-23.9 (-1.61%)
NSE: 20 Sep 04:13 PM

Price Summary

Today's High

₹ 1521

Today's Low

₹ 1450.2

52 Week High

₹ 1707

52 Week Low

₹ 1001

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationAttractive
The stock is considerably attractive based on intrinsic value.
EfficiencyPoor
The company seems highly inefficient in case of asset management.
FinancialsWeak
Watch out! The company might not be able to sustain any adverse condition.

Company Essentials

Market Cap

1926.63 Cr.

Enterprise Value

2534.69 Cr.

No. of Shares

1.32 Cr.

P/E

0

P/B

1.03

Face Value

₹ 10

Div. Yield

0.34%

Book Value (TTM)

₹  1413.17

CASH

34.38 Cr.

DEBT

642.44 Cr.

Promoter Holding

61.63%

EPS (TTM)

₹  -35.74

Sales Growth

-35.46%

ROE

-5.83 %

ROCE

-5.68 %

Profit Growth

-292.23 %

* 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

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.
* The chart is based on the standalone earnings of the company.

Peer Comparison

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

 Group Companies

Ratios

Sales Growth

1 Year-35.46%
3 Year-16.57%
5 Year-8.05%

Profit Growth

1 Year-292.23%
3 Year-191.31%
5 Year-191.05%

ROE%

1 Year-5.83%
3 Year1.68%
5 Year4.98%

ROCE %

1 Year-5.68%
3 Year2.72%
5 Year6.75%

Debt/Equity

0.3453

Price to Cash Flow

4.71

Interest Cover Ratio

-4.82104890148831

CFO/PAT (5 Yr. Avg.)

4.05297587896665

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Jun 2021 61.63 0
Mar 2021 61.63 0
Dec 2020 61.63 0
Sep 2020 61.63 0
Jun 2020 61.63 0
* Figures given above are % of equity capital

 Strengths

  • The company has an efficient Cash Conversion Cycle of 31.8912888416589 days.
  • The company has a high promoter holding of 61.63%.
  • The company has a strong degree of Operating leverage, Average Operating leverage stands at 3.97783749970697.

 Limitations

  • The company has shown a poor profit growth of -191.306509669158% for the Past 3 years.
  • The company has shown a poor revenue growth of -16.5665305765061% for the Past 3 years.
  • Company has a poor ROE of 1.67605140301287% over the past 3 years.
  • Company has a poor ROCE of 2.72364749802243% over the past 3 years
  • Company has low Interest coverage ratio of -4.82104890148831.

Quarterly Result (All Figures in Cr.)

PARTICULARS Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
Net Sales 185.31 694.49 491.09 612.43 643.24
Total Expenditure 235.7 628.23 462.48 648.68 608.88
Operating Profit -50.39 66.26 28.61 -36.25 34.36
Other Income 6.1 8.73 7.69 6.87 16.48
Interest 7.47 7.48 8.02 5.25 7.04
Depreciation 39.42 46.11 44.82 43.32 41.13
Exceptional Items 0 0 0 0 0
Profit Before Tax -91.18 21.4 -16.54 -77.95 2.67
Tax -27.96 5.12 -1.6 -27.97 1.12
Profit After Tax -63.22 16.28 -14.94 -49.98 1.55
Adjusted EPS (Rs) -47.97 12.35 -11.34 -37.92 1.18

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

PARTICULARS Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Net Sales 3068.99 3422.6 3652.1 3080.13 1987.82
Total Expenditure 2801.26 3155.16 3373.66 2811.64 1975.09
Operating Profit 267.73 267.44 278.44 268.49 12.73
Other Income 84.94 68.72 81.62 42.77 24.89
Interest 5.54 6.67 15.33 27.85 28.22
Depreciation 113.08 129.26 150.92 194.52 173.67
Exceptional Items 0.95 0 0 -39.06 0
Profit Before Tax 235 200.23 193.81 49.83 -164.27
Tax 55.08 53.28 46.63 -8.36 -52.41
Net Profit 179.92 146.95 147.18 58.19 -111.86
Adjusted EPS (Rs.) 136.51 111.49 111.67 44.15 -84.87

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Equity and Liabilities
Share Capital 13.18 13.18 13.18 13.18 13.18
Total Reserves 1652.23 1785.61 1921.69 1962.53 1847.3
Borrowings 1.99 0 205.63 187.5 493.78
Other N/C liabilities 19.99 37.26 42.29 25.15 -27.21
Current liabilities 901.33 682.98 653.11 911.11 873.58
Total Liabilities 2588.72 2519.03 2835.9 3099.47 3200.63
Assets
Net Block 905.14 942.43 1210.05 1394.62 1218.21
Capital WIP 120.11 173.51 132.65 174.84 368.73
Intangible WIP 100.15 195.66 239.15 270.23 356.12
Investments 15.95 16.63 33.97 97.38 131.61
Loans & Advances 62.4 68.19 133.07 140.72 249.84
Other N/C Assets 0.85 0.81 0.77 0 0
Current Assets 1384.12 1121.8 1086.24 1021.68 876.12
Total Assets 2588.72 2519.03 2835.9 3099.47 3200.63
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Profit from operations 235 200.23 193.81 49.83 -164.27
Adjustment 96.06 118.36 146.55 204.53 219.49
Changes in Assets & Liabilities 199.84 -34.37 18.83 170.75 -45.5
Tax Paid -60.27 -27.74 -47.16 -16.24 -2.65
Operating Cash Flow 470.63 256.48 312.03 408.87 7.07
Investing Cash Flow -620.78 -80.59 -605.58 -327.39 -332.63
Financing Cash Flow 180.17 -222.88 256.26 -19.73 293.45
Net Cash Flow 30.02 -46.99 -37.29 61.75 -32.11

Corporate Actions

Investors Details

PARTICULARS Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
Promoters 61.63 61.63 61.63 61.63 61.63
abhaykumar navalmal firod... 2.01 2.01 2.01 2.01 2.01
prasannasinh abhaykumar f... 1.68 1.68 1.68 1.68 1.68
indira abhaykumar firodia... 0.49 0.49 0.49 0.49 0.49
jaya hind industries limi... 57.38 57.38 57.38 0 0
kamala bansilal bhandari 0.06 0.06 0.06 0.06 0.06
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
jaya hind industries priv... 0 0 0 57.38 57.38
PARTICULARS Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
Public 33 33.55 33.25 32.96 33.16
iepf 0.35 0.35 0.36 0.36 0.36
llp 0 0 0 0 0.03
PARTICULARS Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
FII/DII 5.37 4.82 5.12 5.41 5.21
jupiter india fund 2.7 2.65 2.45 2.42 2.07

Ratings & Research Reports

Company Presentations

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Company News

Force Motors unveils all-new version of sports utility vehicle ‘Gurkha’15 Sep 2021, 12:43PM Force Motors informs about press release15 Sep 2021, 10:00AM Force Motors informs about newspaper advertisements 7 Sep 2021, 2:16PM Force Motors informs about book closure4 Sep 2021, 11:01AM Force Motors registers sales growth of 181% in April-July 202112 Aug 2021, 9:32AM Force Motors’ SCV & LCV production stands at 1059 units in June6 Jul 2021, 10:14AM Force Motors informs about annual secretarial compliance report14 Jun 2021, 4:04PM Force Motors’ SCV & LCV production stands at 866 units in May 5 Jun 2021, 9:22AM Force Motors reports consolidated net loss of Rs 54 crore in Q4 29 May 2021, 10:56AM Force Motors’ SCV & LCV production stands at 524 units in April6 May 2021, 10:00AM Force Motors’ SCV & LCV production stands at 1087 units in March7 Apr 2021, 9:53AM Force Motors reports net loss of Rs 19 crore in Q313 Feb 2021, 10:14AM Force Motors gets nod to raise Rs 500 crore through NCDs 13 Jan 2021, 11:27AM Force Motors informs about postal ballot 12 Jan 2021, 10:34AM Force Motors’ SCV & LCV production stands at 691 units in December5 Jan 2021, 8:54AM Force Motors’ SCV & LCV production stands at 832 units in November4 Dec 2020, 5:13PM Force Motors reports 3-fold jump in Q2 consolidated net profit9 Nov 2020, 10:55AM Force Motors’ SCV & LCV production stands at 861 units in October 5 Nov 2020, 9:49AM Force Motors’ SCV & LCV production stands at 867 units in September3 Oct 2020, 9:18AM Force Motors’ SCV & LCV production stands at 1,432 units in August4 Sep 2020, 11:13AM Force Motors informs issuance of duplicate share certificate21 Aug 2020, 3:31PM Force Motors reports consolidated net loss of Rs 65 crore in Q1 11 Aug 2020, 10:54AM Force Motors’ SCV & LCV production stands at 625 units in June6 Jul 2020, 9:54AM Force Motors’ domestic sales for SCV & LCV stands at 2 units 5 Jun 2020, 3:45PM Force Motors informs about annual disclosure 30 Apr 2020, 3:49PM Force Motors’ SCV & LCV production stands at 929 units in March 6 Apr 2020, 9:08AM

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 poor sales growth of -35.4631135698818 % and in the latest quarter sales was Rs 643.24 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 3.58378855896299 times for Force Motors . It is managing its inventory poorly
     
  • The company reported Profit loss of -292.23234232686 % over the year, where the latest year profit is Rs -111.86 Cr compared to the previous year of Rs 58.19 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 34.36 Cr. It helps in measuring the company’s operating performance which is used to make financing decisions.
     
  • Force Motors has a poor ROE of -5.83182793344438 %. 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 0.3453.
     
  • Force Motors pays a dividend of 5 Rs per share. It tells us that a company dislikes to share profits with its shareholders. The dividend yield is low at 0.3424 %.
     
  • 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 -40.913860402647 compared to the 5 year average PE of 17.8531067455085 .
Brief about Force Motors

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