FORCE MOTORS LTD

Automobile and Auto Components · Automobiles

NSE: FORCEMOT BSE: 500033
₹17054.00
▲ 149.00 (0.88%)
Sept. 30, 2026 · NSE · nse_bhavcopy
Quality
87/100
Strong
Valuation
60/100
Fairly Valued
Momentum
14/100
Bearish

QVM read Quality business Quality Strong, Valuation Fairly Valued, Momentum Bearish

Tradinity's own scoring, not a copy of any third party's -- see the Key Metrics section for the real ratios behind each number.

About

Force Motors Ltd is an Indian multinational automotive manufacturing company, based in Pune. From 1958 to 2005, the company was known as Bajaj Tempo Motors because it originated as a joint venture between Bajaj Auto and Germany's Tempo for manufacturing auto components. The company is known for brands, like the Traveller, Trax, Urbania, Gurkha, Citiline and Monobus.

Source: Wikipedia

Key Metrics

Market Capitalization
₹22,471 Cr
PE (TTM)
18.1
Industry median 35.7 (14 companies)
Price to Book
5.4
PEG (TTM)
0.4
Institutions holding %
10.98%
FII + DII, latest filed period
Piotroski Score
8
Relative return vs Nifty50, qtr %
-1.9
Relative return vs Sector, qtr %
-4.1
Free Cash Flow
₹757 Cr
as of March 31, 2026
Industry median ₹4 Cr (22 companies)
EPS Growth (YoY)
14.50%
as of June 30, 2026
Industry median 14.50% (19 companies)
Net Profit Growth (TTM)
24.05%
as of June 30, 2026
Industry median 0.00% (18 companies)
Operating Revenue Growth (TTM)
8.44%
as of June 30, 2026
Industry median 16.14% (18 companies)
Profit Growth (YoY)
14.50%
as of June 30, 2026
Industry median 14.50% (19 companies)
Revenue Growth (YoY)
6.22%
as of June 30, 2026
Industry median 35.70% (19 companies)
Current Ratio
1.87
as of March 31, 2026
Industry median 1.67 (22 companies)
Debt to Equity
0.00
as of March 31, 2026
Industry median 0.31 (19 companies)
Interest Coverage
479.68
as of June 30, 2026
Industry median 6.06 (19 companies)
Net Margin
8.69%
as of June 30, 2026
Industry median 5.94% (19 companies)
Operating Margin (EBIT)
11.84%
as of June 30, 2026
Industry median 9.67% (19 companies)
Operating Margin (TTM)
16.53%
as of June 30, 2026
Industry median 9.40% (19 companies)
Return on Assets
18.54%
as of March 31, 2026
Industry median 5.86% (19 companies)
Return on Capital Employed
33.80%
as of March 31, 2026
Industry median 13.67% (19 companies)
Return on Equity
28.87%
as of March 31, 2026
Industry median 14.56% (19 companies)

Investment checklist

Tradinity's own yes/no questions with the rule stated beside each. “Items without enough data are left out, never counted as a No, and the totals count only answered questions. A summary of numbers on this page, not advice.

Financials

7 of 7 met
  • Yes Revenue is higher than a year earlier in each of the last 4 quarters
  • Yes Quality score is Strong (70 or more)
  • Yes Piotroski F-score is 7 or more (score 8)
  • Yes Debt to equity is below 0.5 (0.00)
  • Yes Return on equity is 15% or more (28.9%)
  • Yes Net cash flow for the latest year is positive
  • Yes Cash from operations is higher than the year before

Ownership

2 of 3 met
  • No FII/FPI or DII holding rose in the latest quarter
  • Yes Promoter holding rose or was unchanged in the latest quarter
  • Yes Promoter pledge is 5% of their holding or less and not rising (0.0% pledged)

Peer comparison

1 of 3 met
  • Yes 1-year return beats the industry median
  • No Revenue growth beats the industry median
  • No Profit growth beats the industry median

Value and momentum

1 of 6 met
  • Yes Price sits in the Buy zone of its own historical PE range (Buy Zone)
  • No Valuation score is Undervalued (70 or more)
  • No Momentum score is Bullish (70 or more)
  • No Price is above the 5, 10 and 20 day averages
  • No Price is above the 50, 100 and 200 day averages
  • No Latest candle has a bullish shape (hammer, dragonfly doji, white marubozu)

Price

Download CSV

PE/EPS use each quarter's real filed EPS only from 45 days after quarter-end (no look-ahead) against the raw close of the day. Price-to-book isn't a mode here: the feed has no dated share count, so there's no real history to chart.

RSI (14) (same adjusted close series as the price chart above)

MACD (12, 26, 9) (same adjusted close series as the price chart above)

Relative Returns (vs NIFTY 50)

Prices adjusted for splits and bonuses. * = a corporate action affecting this date could not be parsed and is not reflected.

Price range

Day return
0.9%
Low 17000.0000 · High 17435.0000
1W return
-1.7%
Low 16761.0000 · High 17456.0000
1M return
-2.7%
Low 16761.0000 · High 18339.0000
52W return
1.2%
Low 14911.0000 · High 26450.0000
Lifetime High ₹25776.0000 (Feb. 17, 2026)
Lifetime Low ₹621.7500 (March 24, 2020)

Full price history and technicals →

EMA & SMA

Bullish0
Bearish6
5D
17113.1
10D
17232.5
20D
17392.8
50D
17738.4
100D
18296.9
200D
19552.2

Delivery and volume

Day avg. delivery
31.1%
Week avg. delivery
32.6%
Month avg. delivery
38.4%

Week = 5 sessions, Month = 22 sessions ending the latest trading day — the same combined NSE+BSE delivery data as the table below, just summed.

Resistance and support

17163.00
Pivot
First resistance17326.00
Second resistance17598.00
Third resistance17761.00
First support16891.00
Second support16728.00
Third support16456.00
Day RSI42.7
Day MFI50.9
Day MACD-198.08
Day MACD signal-163.31

Beta

1M1.50
3M1.29
1Y1.83
3Y1.56

Price change analysis

↓ -2.7%
Over 1 Month
LowHigh
16761.0018339.00
↓ -6.9%
Over 3 Months
LowHigh
16761.0019604.00
↓ -17.7%
Over 6 Months
LowHigh
16761.0023221.00
↑ 1.2%
Over 1 Year
LowHigh
14911.0026450.00
Legend Positive indicator Neutral indicator Negative indicator

Buy/Sell Zone

View Buy/Sell Zone →
Current PE 18.1 (own history: 14.9–26.3)
Buy Zone
Revenue (June 30, 2026)
₹2,440 Cr
Net profit (June 30, 2026)
₹212 Cr
Basic EPS (June 30, 2026)
₹160.9500

Ranks #10 of 18 in Automobiles by market cap -- full peer table on the Financials page.

Shareholding pattern / Ownership

Shareholding summary

Jun 2026
  • Promoter61.63%
  • Mutual funds0.79%
  • FII/FPI9.52%
  • Other DII0.67%
  • Public27.39%

Largest holders

NameCategoryShares %Shares
Jaya Hind Industries Private LimitedPromoter57.3800%7559928
Abhaykumar Navalmal FirodiaPromoter2.0100%264351
Prasan Abhaykumar FirodiaPromoter1.6800%220763
Manohar DevabhaktuniPublic1.2000%158035
Indira Abhaykumar FirodiaPromoter0.4900%64396

As of June 30, 2026. Only holders the filing discloses individually.

Historical promoter holding

Promoters holdings were unchanged at 61.63% in Jun 2026 qtr

Historical fii holding

FII/FPI holdings decreased from 10.93% to 9.52% in Jun 2026 qtr

Historical mutual fund holding

Mutual funds holdings decreased from 0.98% to 0.79% in Jun 2026 qtr

15 mutual fund schemes also hold this stock.

All shareholding details →

DateClientDealActionQuantityPriceExchange
28 Jan 2026 POINT BREAK CAPITAL LP Block Sell 85,146 18785.0000 BSE
28 Jan 2026 SONA INDIA INVESTMENTS LLC Block Buy 85,146 18785.0000 BSE
28 Jan 2026 POINT BREAK CAPITAL LP Bulk Sell 85,146 18785.0000 BSE
28 Jan 2026 SONA INDIA INVESTMENTS LLC Bulk Buy 85,146 18785.0000 BSE
12 Jan 2026 SERUM INSTITUTE OF INDIA PRIVATE LIMITED Block Sell 38,740 19790.0000 NSE
12 Jan 2026 POONAWALLA AVIATION PRIVATE LIMITED Block Buy 38,740 19790.0000 NSE
19 Sep 2025 BNP PARIBAS FINANCIAL MARKETS Bulk Sell 65,610 18581.1000 NSE
25 Jul 2025 HRTI PRIVATE LIMITED Bulk Buy 71,664 17657.3600 NSE
25 Jul 2025 HRTI PRIVATE LIMITED Bulk Sell 67,021 17745.7900 NSE
24 Jul 2025 HRTI PRIVATE LIMITED Bulk Buy 88,858 19336.3400 NSE

All bulk and block deals →

Ex-dateSubjectPer share (₹)Record date
10 Sep 2025 Dividend - Rs 40 Per Share 40.0000 10 Sep 2025
28 Aug 2024 Dividend - Rs 20 Per Share 20.0000 28 Aug 2024
21 Sep 2023 Annual General Meeting/Dividend - Rs 10 Per Share 10.0000 —
20 Sep 2022 Annual General Meeting/Dividend - Rs 10 Per Share 10.0000 —
20 Sep 2021 Annual General Meeting/Dividend - Rs 5 Per Share 5.0000 —
21 Sep 2020 Annual General Meeting/Dividend - Rs 10 Per Sh 10.0000 —
12 Sep 2019 Annual General Meeting/Dividend - Rs 10 Per Share 10.0000 —

Corporate Actions

Full history (9 events) →

Bonuses, splits, buybacks and other events. Dividends are listed separately above.

Ex-dateTypeSubject
—NAME_CHANGEName changed from Bajaj Tempo Limited to Force Motors Limited
28 Aug 2024OTHERAnnual General Meeting

All corporate actions →

Quarterly results, AGMs, buybacks and other board-approved business.

DatePurposeResults
25 Sep 2026 Other business matters —
29 Jul 2026 Financial Results Yes
29 Apr 2026 Financial Results/Dividend Yes
4 Feb 2026 Financial Results Yes
7 Nov 2025 Financial Results Yes

Corporate Announcements

All 251 announcements, with search →

Exchange disclosures (NSE and BSE), most recent first.

DateCategoryAnnouncement
2 Oct 2026 Company Update Force Motors Ltd-$ - 500033 - Announcement under Regulation 30 (LODR)-Newspaper Publication
2 Oct 2026 Company Update Force Motors Ltd-$ - 500033 - Announcement under Regulation 30 (LODR)-Newspaper Publication
2 Oct 2026 Copy of Newspaper Publication FORCE MOTORS LTD has informed the Exchange about Copy of Newspaper Publication of Notice of 02/2026-27 EGM of 'Second A' Equity shareholders of the Company.
2 Oct 2026 Copy of Newspaper Publication FORCE MOTORS LTD has informed the Exchange about Copy of Newspaper Publication of Notice of 01/2026-27 EGM for 'A' Equity shareholders of the Company.
1 Oct 2026 AGM/EGM Force Motors Ltd-$ - 500033 - Shareholders Meeting-02/2026-27 EGM Of "Second A" Equity Shareholders Of The Company.
1 Oct 2026 AGM/EGM Force Motors Ltd-$ - 500033 - Shareholder Meeting-01/2026-27 EGM Of "A" Equity Shareholders Of The Company
1 Oct 2026 AGM/EGM Force Motors Ltd-$ - 500033 - Intimation Of Date Of EGM And Related Information For Second A Equity Shareholders
1 Oct 2026 AGM/EGM Force Motors Ltd-$ - 500033 - Shareholder Meeting-EGM For "A" Equity Shareholders Of Force Motors Limited
1 Oct 2026 Shareholders meeting FORCE MOTORS LTD has informed the Exchange regarding Notice of Extraordinary General Meeting to be held on October 26, 2026
1 Oct 2026 Shareholders meeting FORCE MOTORS LTD has informed the Exchange regarding Notice of Extraordinary General Meeting to be held on October 26, 2026

All announcements →

SWOT

Tradinity's own rule-based read of the real ratios elsewhere on this page -- not a copy of any third party's, and never a forward-looking prediction.

Strengths

  • High Return on Equity (28.9%)
  • Low financial leverage (Debt/Equity 0.00)
  • Comfortable interest coverage (479.7x)
  • Healthy liquidity (Current Ratio 1.87)

Weaknesses

Data unavailable.

Opportunities

  • PEG below 1 (0.42) -- earnings growth outpacing its own valuation

Threats

Data unavailable.

Single-stock futures and a real listed options chain available for this stock -- OI buildup, PCR, Max Pain and Greeks are all on the full F&O page.

Part of: NIFTY 500, NIFTY 500

Frequently asked questions about FORCE MOTORS LTD

Where is the share price?

The price at the top of this page is the last traded price from exchange data; during market hours it refreshes on its own. The Chart & Technicals section has the full price history.

Where are the financial results?

The Financials page has quarterly and annual results, ratios, cash flow and the balance sheet, on a standalone or consolidated basis.

Who owns the company?

The Ownership section shows the latest shareholding pattern from exchange filings, with promoter, FII, DII and public holdings by quarter.

Does Tradinity give buy or sell advice?

No. The scores and checklist on this page are rule-based summaries of published figures, not recommendations. Tradinity is not a registered investment adviser.