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Force Motors

  • Market Cap: Mid Cap
  • Industry: Auto - Trucks
  • ISIN: INE451A01017
  • NSEID: FORCEMOT
  • BSEID: 500033
INR
8,708.65
246.3 (2.91%)
BSENSE

Apr 11, 12:53 PM

BSE+NSE Vol: 25.54 k

Click here to access the older version
  • Price Points
  • Score
  • Mojo Parameters
  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-summaryPrice Point
High/Low

1Day

8,557.008,851.00

52 Week

6,128.5510,272.65
Valuation
Technical
Day's Volume

CASH

25.54 k (-42.97%) Volume

Shareholding (Dec 2024)

FII

8.15%

Held by 163 FIIs

DII

0.91%

Held by 1 DIIs

Promoter

61.63%

iScoreScore
Click here to find our call on this stock
Strong Sell
Sell
Hold
Buy
Strong Buy
Dashboard
1

Low ability to service debt as the company has a high Debt to EBITDA ratio of 4.10 times

  • Low ability to service debt as the company has a high Debt to EBITDA ratio of 4.10 times
  • The company has been able to generate a Return on Equity (avg) of 5.77% signifying low profitability per unit of shareholders funds
2

Healthy long term growth as Operating profit has grown by an annual rate 55.53%

 
3

The company has declared Positive results for the last 10 consecutive quarters

4

Stock is technically in a Mildly Bullish range

5

With ROE of 19.2, it has a Attractive valuation with a 4.5 Price to Book Value

stock-summaryMojo Parameters
Mojo Parameters
Loading Valuation Snapshot...
Stock DNA
stock-summary
Industry

Auto - Trucks

stock-summary
Market cap

INR 11,475 Cr (Mid Cap)

stock-summary
P/E

22.00

stock-summary
Industry P/E

23

stock-summary
Dividend Yield

0.24%

stock-summary
Debt Equity

-0.02

stock-summary
Return on Equity

19.20%

stock-summary
Price to Book

4.49

Revenue and Profits (1 Year):
Net Sales:
1,889 Cr
(Quarterly Results - Dec 2024)
Net Profit:
115 Cr
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
Dividend Yield (0.24%)
TimePeriod
Price Return
Dividend Return
Total Return
6 Months
22.43%
0%
22.43%
1 Year
-1.69%
0.21%
-1.48%
2 Years
566.18%
1.50%
567.68%
3 Years
649.03%
2.94%
651.97%
4 Years
635.22%
2.95%
638.17%
5 Years
994.81%
5.60%
1000.41%

Latest dividend: 20 per share ex-dividend date: Aug-28-2024

Risk Adjusted Returns v/s Sensex stock-summary
Returns Beta
Icon
Beta has not been calculated since enough price history is not available
stock-summaryKey Factors
Quality key factors stock-summary
Factor
Value
Sales Growth (5y)
17.25%
EBIT Growth (5y)
55.53%
EBIT to Interest (avg)
4.75
Debt to EBITDA (avg)
11.80
Net Debt to Equity (avg)
0
Sales to Capital Employed (avg)
1.61
Tax Ratio
35.48%
Dividend Payout Ratio
6.79%
Pledged Shares
0
Institutional Holding
9.06%
ROCE (avg)
6.13%
ROE (avg)
5.77%
Valuation key factors
Factor
Value
P/E Ratio
22
Industry P/E
23
Price to Book Value
4.49
EV to EBIT
14.49
EV to EBITDA
10.65
EV to Capital Employed
4.57
EV to Sales
1.44
PEG Ratio
0.29
Dividend Yield
0.24%
ROCE (Latest)
31.31%
ROE (Latest)
19.20%
Tecnicals key factors
Indicator
Weekly
Monthly
MACD
Bullish
Mildly Bearish
RSI
No Signal
No Signal
Bollinger Bands
Mildly Bullish
Mildly Bullish
Moving Averages
Mildly Bearish (Daily)
KST
Bullish
Mildly Bearish
Dow Theory
Mildly Bullish
No Trend
OBV
Bullish
Bullish
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshot : Dec 2024stock-summary
Shareholding Compare (%holding) stock-summary
Majority shareholders

Promoters

Pledged Promoter Holdings

None

Mutual Funds

Held by 5 Schemes (0.39%)

FIIs

Held by 163 FIIs (8.15%)

Promoter with highest holding

Jaya Hind Industries Private Limited (57.38%)

Highest Public shareholder

Vanaja Sundar Iyer (1.41%)

Individual Investors Holdings

23.34%

stock-summaryFinancial
[
  {
    "link": "quarterly",
    "btn_text": "All Quarterly Results",
    "header": "Quarterly Results Snapshot (Consolidated) - Dec'24 - YoY",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in quarter ended Dec 2024 is 11.69% vs 29.74% in Dec 2023",
        "dir": -1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in quarter ended Dec 2024 is 35.02% vs 647.79% in Dec 2023",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Dec'24",
        "Dec'23",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "1,889.49",
          "val2": "1,691.69",
          "chgp": "11.69%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "231.70",
          "val2": "224.49",
          "chgp": "3.21%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "4.12",
          "val2": "14.11",
          "chgp": "-70.80%",
          "chgp_class": "positive"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "115.31",
          "val2": "85.40",
          "chgp": "35.02%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "12.26%",
          "val2": "13.27%",
          "chgp": "-1.01%",
          "chgp_class": "negative"
        }
      ]
    }
  },
  {
    "link": "half-yearly",
    "btn_text": "All Half Yearly Results",
    "header": "Half Yearly Results Snapshot (Consolidated) - Sep'24",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": " Growth in half year ended Sep 2024 is 16.33% vs 47.18% in Sep 2023",
        "dir": -1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": " Growth in half year ended Sep 2024 is 54.36% vs 6,052.65% in Sep 2023",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Sep'24",
        "Sep'23",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "3,826.23",
          "val2": "3,289.23",
          "chgp": "16.33%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "531.78",
          "val2": "405.56",
          "chgp": "31.12%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "14.49",
          "val2": "33.74",
          "chgp": "-57.05%",
          "chgp_class": "positive"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "250.72",
          "val2": "162.43",
          "chgp": "54.36%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "13.90%",
          "val2": "12.33%",
          "chgp": "1.57%",
          "chgp_class": "positive"
        }
      ]
    }
  },
  {
    "link": "nine-monthly",
    "btn_text": "All Nine Monthly Results",
    "header": "Nine Monthly Results Snapshot (Consolidated) - Dec'24",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in nine months ended Dec 2024 is 14.75% vs 40.75% in Dec 2023",
        "dir": -1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in nine months ended Dec 2024 is 47.69% vs 2,013.75% in Dec 2023",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Dec'24",
        "Dec'23",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "5,715.72",
          "val2": "4,980.92",
          "chgp": "14.75%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "763.48",
          "val2": "630.05",
          "chgp": "21.18%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "18.61",
          "val2": "47.85",
          "chgp": "-61.11%",
          "chgp_class": "positive"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "366.03",
          "val2": "247.83",
          "chgp": "47.69%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "13.36%",
          "val2": "12.65%",
          "chgp": "0.71%",
          "chgp_class": "positive"
        }
      ]
    }
  },
  {
    "link": "annual",
    "btn_text": "All Annual Results",
    "header": "Annual Results Snapshot (Consolidated) - Mar'24",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in year ended Mar 2024 is 39.04% vs 55.20% in Mar 2023",
        "dir": -1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in year ended Mar 2024 is 190.40% vs 246.87% in Mar 2023",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Mar'24",
        "Mar'23",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "6,992.13",
          "val2": "5,028.98",
          "chgp": "39.04%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "908.69",
          "val2": "329.81",
          "chgp": "175.52%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "62.14",
          "val2": "68.40",
          "chgp": "-9.15%",
          "chgp_class": "positive"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "208.32",
          "chgp": "-100.00%",
          "chgp_class": "negative"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "388.09",
          "val2": "133.64",
          "chgp": "190.40%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "13.00%",
          "val2": "6.56%",
          "chgp": "6.44%",
          "chgp_class": "positive"
        }
      ]
    }
  }
]
Quarterly Results Snapshot (Consolidated) - Dec'24 - YoYstock-summary
Dec'24
Dec'23
Change(%)
Net Sales
1,889.49
1,691.69
11.69%
Operating Profit (PBDIT) excl Other Income
231.70
224.49
3.21%
Interest
4.12
14.11
-70.80%
Exceptional Items
0.00
0.00
Consolidate Net Profit
115.31
85.40
35.02%
Operating Profit Margin (Excl OI)
12.26%
13.27%
-1.01%
Values in Rs Cr.
stock-summary Compare with Peers
Direction Arrows
Net Sales

YoY Growth in quarter ended Dec 2024 is 11.69% vs 29.74% in Dec 2023

Direction Arrows
Consolidated Net Profit

YoY Growth in quarter ended Dec 2024 is 35.02% vs 647.79% in Dec 2023

All Quarterly Resultsstock-summary
Half Yearly Results Snapshot (Consolidated) - Sep'24stock-summary
Sep'24
Sep'23
Change(%)
Net Sales
3,826.23
3,289.23
16.33%
Operating Profit (PBDIT) excl Other Income
531.78
405.56
31.12%
Interest
14.49
33.74
-57.05%
Exceptional Items
0.00
0.00
Consolidate Net Profit
250.72
162.43
54.36%
Operating Profit Margin (Excl OI)
13.90%
12.33%
1.57%
Values in Rs Cr.
stock-summary Compare with Peers
Direction Arrows
Net Sales

Growth in half year ended Sep 2024 is 16.33% vs 47.18% in Sep 2023

Direction Arrows
Consolidated Net Profit

Growth in half year ended Sep 2024 is 54.36% vs 6,052.65% in Sep 2023

All Half Yearly Resultsstock-summary
Nine Monthly Results Snapshot (Consolidated) - Dec'24stock-summary
Dec'24
Dec'23
Change(%)
Net Sales
5,715.72
4,980.92
14.75%
Operating Profit (PBDIT) excl Other Income
763.48
630.05
21.18%
Interest
18.61
47.85
-61.11%
Exceptional Items
0.00
0.00
Consolidate Net Profit
366.03
247.83
47.69%
Operating Profit Margin (Excl OI)
13.36%
12.65%
0.71%
Values in Rs Cr.
stock-summary Compare with Peers
Direction Arrows
Net Sales

YoY Growth in nine months ended Dec 2024 is 14.75% vs 40.75% in Dec 2023

Direction Arrows
Consolidated Net Profit

YoY Growth in nine months ended Dec 2024 is 47.69% vs 2,013.75% in Dec 2023

All Nine Monthly Resultsstock-summary
Annual Results Snapshot (Consolidated) - Mar'24stock-summary
Mar'24
Mar'23
Change(%)
Net Sales
6,992.13
5,028.98
39.04%
Operating Profit (PBDIT) excl Other Income
908.69
329.81
175.52%
Interest
62.14
68.40
-9.15%
Exceptional Items
0.00
208.32
-100.00%
Consolidate Net Profit
388.09
133.64
190.40%
Operating Profit Margin (Excl OI)
13.00%
6.56%
6.44%
Values in Rs Cr.
stock-summary Compare with Peers
Direction Arrows
Net Sales

YoY Growth in year ended Mar 2024 is 39.04% vs 55.20% in Mar 2023

Direction Arrows
Consolidated Net Profit

YoY Growth in year ended Mar 2024 is 190.40% vs 246.87% in Mar 2023

All Annual Resultsstock-summary
stock-summaryCompany CV
About Force Motors Ltd stock-summary
stock-summary
Force Motors Ltd
Mid Cap
Auto - Trucks
Force Motors Limited was formerly incorporated with the name as 'Baja Tempo Limited' on September 8, 1958. The Company name was changed from Baja Tempo Limited to Force Motors Limited effective from March 03, 2005. Promoted by N K Firodia, the Company initially started production of the HANSEAT 3-Wheelers in collaboration with Vidal & Sohn Tempo Werke Germany.
Company Coordinates stock-summary
Company Details
Mumbai-Pune Road, Akurdi Pune Maharashtra : 411035
stock-summary
Tel: 91-20-27476381
stock-summary
http://www.forcemotors.com
stock-summary
compliance-officer@forcemotors.com
Registrar Details
Link Intime India Pvt Ltd, Block No 202, 2nd Floor, Akshay Complex, Near Ganesh Temple, Off Dhole Patil Road , Pune
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