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Force Motors share price

Force Motors Ltd.

NSE: FORCEMOT BSE: 500033 SECTOR: Automobiles-Trucks/Lcv  93k   201   22

8745.60
-120.90 (-1.36%)
NSE: 12 Apr 04:05 PM

Price Summary

Today's High

₹ 9041.95

Today's Low

₹ 8690.15

52 Week High

₹ 9261.8

52 Week Low

₹ 1241.1

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

11523.43 Cr.

Enterprise Value

12339.99 Cr.

No. of Shares

1.32 Cr.

P/E

27.83

P/B

5.27

Face Value

₹ 10

Div. Yield

0.11 %

Book Value (TTM)

₹  1658.73

CASH

138.2 Cr.

DEBT

954.76 Cr.

Promoter Holding

61.63 %

EPS (TTM)

₹  314.3

Sales Growth

55.2%

ROE

8.18 %

ROCE

12.5%

Profit Growth

303.82 %

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

Your Added Ratios

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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.
* 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

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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

21.68

Interest Cover Ratio

5.24897660818713

CFO/PAT (5 Yr. Avg.)

7.47303462798315

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2023 61.63 0
Sep 2023 61.63 0
Jun 2023 61.63 0
Mar 2023 61.63 0
Dec 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 0.0915857932063995.
  • 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 1.37397061946268% over the past 3 years

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Net Sales 1303.76 1490.15 1487.44 1801.57 1691.56
Total Expenditure 1238.75 1369.52 1306.95 1576.72 1467.2
Operating Profit 65.01 120.63 180.49 224.85 224.36
Other Income 5.15 38 11.47 9.06 3.97
Interest 16.99 17.98 17.9 15.84 14.11
Depreciation 60.22 62.7 63.46 66.96 68.28
Exceptional Items 0 208.32 0 0 0
Profit Before Tax -7.05 286.27 110.6 151.11 145.94
Tax -2.51 137.11 38.63 52.85 51.2
Profit After Tax -4.54 149.16 71.97 98.26 94.74
Adjusted EPS (Rs) -3.44 113.17 54.61 74.55 71.88

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 Dec 2022% Mar 2023% Jun 2023% Sep 2023% Dec 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 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
PARTICULARS Dec 2022% Mar 2023% Jun 2023% Sep 2023% Dec 2023%
investors 38.37 38.37 38.37 38.37 38.37
investor education and pr... - 0.39 0.41 - 0.41
llp 0.05 0.03 0.05 0.04 0.06
manohar devabhaktuni - - - 1.09 1.20
point break capital llp - - - - 1.07
vanaja sundar iyer - - 1.43 - 1.52
investor education and pr... 0.39 - - 0.41 -
point break capital lp - - - 1.04 -
vanaja sunder iyer - - - 1.52 -
jupiter india fund 1.70 1.70 1.59 - -
sundaram mutual fund a/c ... 1.82 1.61 1.09 - -

Annual Reports

Ratings & Research Reports

Company Presentations

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Company News

Force Motors reports 37% rise in March total sales6 Apr 2024, 3:33PM Force Motors exits tractors and connected activity business1 Apr 2024, 4:56PM Force Motors informs about details of loss of certificate 13 Mar 2024, 12:33PM Force Motors informs about loss of share certificate13 Mar 2024, 10:30AM Force Motors’ SCV & LCV production stands at 2,621 units in February 6 Mar 2024, 2:30PM Force Motors turns black in Q312 Feb 2024, 6:13PM Force Motors - Quaterly Results12 Feb 2024, 2:11PM Force Motors - Quaterly Results12 Feb 2024, 2:11PM Force Motors - Quaterly Results12 Feb 2024, 2:11PM Force Motors reports 21% rise in January total sales6 Feb 2024, 2:40PM Force Motors planning to invest around Rs 2,000 crore in 3-4 years5 Feb 2024, 9:57AM Force Motors reports 21% rise in December total sales6 Jan 2024, 2:42PM Force Motors informs about compliance certificate5 Jan 2024, 5:05PM Force Motors informs about outcome of board meeting 13 Dec 2023, 3:41PM Force Motors gets nod to acquire 12.21% stake in TP Surya12 Dec 2023, 5:50PM Force Motors’ SCV & LCV production stands at 1,987 units in November5 Dec 2023, 6:17PM Force Motors - Quaterly Results9 Nov 2023, 4:39PM Force Motors - Quaterly Results9 Nov 2023, 4:39PM Force Motors’ SCV & LCV production stands at 2,711 units in September6 Oct 2023, 2:31PM Force Motors informs about updates 6 Oct 2023, 10:42AM 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 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 1691.56 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
     
  • Force Motors 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 Force Motors in the latest quarter is Rs 224.36 Cr. It helps in measuring the company’s operating performance which is used to make financing decisions.
     
  • Force Motors has a poor ROE of 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 0.1144 %.
     
  • The share of promoter in Force Motors 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 27.8256354356871 compared to the 5 year average PE of 8.39889609198542 .
     
  • Share Price: - The current share price of Force Motors is Rs 8745.6. One can use valuation calculators of ticker to know if Force Motors share price is undervalued or overvalued.
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Brief about Force Motors

Force Motors Ltd. Financials: Check Share Price, Balance Sheet, Annual Report, Quarterly Results, Shareholding, Company Profile and News for Company Analysis

Force Motors Ltd. is an Indian automotive manufacturer headquartered in Pune, Maharashtra. Founded in 1958, the company initially started as a small manufacturer of three-wheeler auto rickshaws. Over the years, Force Motors has grown into a leading manufacturer of commercial vehicles, passenger vehicles, and agricultural tractors in India.

Share Price Analysis: Force Motors Ltd.

The share price of Force Motors Ltd. reflects the market's perception of the company's financial performance and future prospects. Long-term stock investors can analyze the historical share price trends to assess the company's growth trajectory and potential investment opportunities. Our pre-built screening tools provide users with an easy way to track and analyze the share price of Force Motors Ltd.

Balance Sheet Analysis: Force Motors Ltd.

Understanding the balance sheet is crucial for long-term stock investors to evaluate the financial health of a company like Force Motors Ltd. Our website provides access to the company's annual reports, where investors can find detailed balance sheet information. Additionally, our premium features offer tools such as DCF Analysis, BVPS Analysis, Earnings multiple approach, and DuPont analysis to assist investors in calculating the fair value of the stock.

Annual Report Review: Force Motors Ltd.

Force Motors Ltd. releases an annual report each year, providing comprehensive information about its financial performance, business strategy, and future outlook. Investors can download the annual reports from our website to gain valuable insights into the company's operations and growth prospects.

Dividend History: Force Motors Ltd.

For investors seeking regular income from their investments, assessing the dividend history of Force Motors Ltd. becomes crucial. The company's dividend payment track record can shed light on its commitment to rewarding shareholders. Our website provides access to historical dividend data, enabling investors to analyze the company's dividend payout trends.

Quarterly Result Analysis: Force Motors Ltd.

Tracking the quarterly results of Force Motors Ltd. is essential to monitor the company's performance on a shorter-term basis. Investors can evaluate key financial metrics, analyze revenue growth, and assess profitability using our pre-built screening tools. Additionally, our premium features provide tools for fair value calculation that can further assist investors in their analysis.

Stock Price Chart: Force Motors Ltd.

Visualizing the stock price movements of Force Motors Ltd. through price charts can provide valuable insights for investors. Our website features interactive stock price charts that allow users to analyze historical price trends, identify support and resistance levels, and make informed investment decisions.

News and Updates: Force Motors Ltd.

Staying updated with the latest news and developments surrounding Force Motors Ltd. is crucial for investors. Our website provides a dedicated news section where users can find the latest articles, press releases, and announcements related to the company. Access to up-to-date information can help investors make informed investment decisions.

Conference Call Transcripts: Force Motors Ltd.

For investors interested in understanding the management's perspective on the company's performance and future plans, conference call transcripts are invaluable. Our website provides downloadable conference call transcripts of Force Motors Ltd., offering investors the opportunity to gain insights from the interactions between analysts and management.

Investor Presentations: Force Motors Ltd.

Force Motors Ltd. regularly prepares investor presentations to provide a comprehensive overview of the company's operations, financial performance, and growth strategies. These presentations offer valuable insights into the management's vision and can assist long-term stock investors in evaluating investment opportunities. Investors can download these presentations from our website.

Promoters and Shareholders: Force Motors Ltd.

Identifying the key promoters and shareholders of Force Motors Ltd. can provide investors with an understanding of the stakeholders' confidence in the company. Our website offers detailed information about the company's promoters and major shareholders, allowing investors to gauge the level of ownership and involvement of key individuals or entities.

By providing comprehensive stock analysis tools, access to essential documents like annual reports, concall transcripts, and investor presentations, along with the latest news and updates, our website aims to assist long-term stock investors in making informed investment decisions regarding Force Motors Ltd.

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