FORCE MOTORS LTD

Automobile and Auto Components · Automobiles

NSE: FORCEMOT BSE: 500033

₹17054.00

Sept. 30, 2026 · NSE · nse_bhavcopy

Peers in Automobiles

The largest companies in the same industry by market cap. This company ranks #10 of 18. PE, ROE, 1Y return and scores come from the daily/weekly precomputed snapshot.

Company	Market cap (₹ Cr)	PE (TTM)	ROE	1Y return	Div. yield	Quality	Valuation	Momentum
Maruti Suzuki India Limited	376,246	26.8	13.7%	-25.0%	1.17%	68	28	43
Mahindra & Mahindra Limited	366,841	22.3	17.0%	-14.8%	1.12%	62	68	10
Bajaj Auto Limited	303,926	28.3	26.3%	26.1%	1.38%	87	42	28
Eicher Motors Limited	196,266	37.4	22.0%	1.8%	—	94	16	25
TVS Motor Company Limited	195,071	48.6	29.7%	18.7%	—	60	30	32
Hyundai Motor India Limited	165,027	33.9	27.1%	-20.0%	1.03%	80	2	30
Hero MotoCorp Limited	104,869	18.7	26.5%	-3.5%	3.53%	88	63	31
Tata Motors Passenger Vehicles Limited	104,401	1667.6	69.5%	-60.5%	1.06%	51	50	10
FORCE MOTORS LTD (this stock)	22,471	18.1	28.9%	1.2%	—	87	60	14

Valuation multiples

Current only. Market cap is the whole company's; sales/EBITDA are trailing-twelve-month standalone; debt and cash come from the latest filed standalone balance sheet (March 31, 2026). EBITDA = PBT + interest + depreciation.

Enterprise value

₹21,648 Cr

EV / EBITDA

11.9x

EV / Sales

2.35x

Market cap / Sales

2.44x

Earnings yield

5.51%

Quarterly Financials

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Standalone Consolidated

↑ Positive

Quarterly Revenue

Jun 2026 quarterly revenue is Rs 2,478 Cr, up 6.7% YoY.

↑ Positive

Quarterly Net Profit

Jun 2026 quarterly net profit is Rs 212 Cr, up 14.5% YoY.

Period end	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)	Basic EPS
June 30, 2026	2,440	289	212	₹160.9500
March 31, 2026	2,550	373	274	₹207.7000
Dec. 31, 2025	2,128	539	403	₹305.7500
Sept. 30, 2025	2,081	316	350	₹265.2600
June 30, 2025	2,297	287	185	₹140.5700
March 31, 2025	2,356	663	430	₹326.0700
Dec. 31, 2024	1,889	172	110	₹83.5300
Sept. 30, 2024	1,941	217	141	₹106.7700
June 30, 2024	1,885	186	120	₹90.7600
March 31, 2024	2,011	211	137	₹103.7600
Dec. 31, 2023	1,692	146	95	₹71.9100
Sept. 30, 2023	1,802	151	98	₹74.5700
June 30, 2023	1,487	111	72	₹54.6200

Quarterly income statement (standalone, ₹ Cr)

Indicator	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23
Total income (before exceptional items)	2,478	2,584	2,155	2,106	2,322	2,374	1,904	1,950	1,900	2,026	1,696	1,811	1,499
Operating revenue	2,440	2,550	2,128	2,081	2,297	2,356	1,889	1,941	1,885	2,011	1,692	1,802	1,487
Other income	38	34	27	24	25	18	15	9	15	15	4	9	11
Operating expenses	2,112	2,136	1,755	1,719	1,965	2,027	1,658	1,659	1,636	1,733	1,467	1,577	1,307
Operating profit	328	414	374	363	332	329	232	282	249	279	224	225	180
Operating profit margin	13.4%	16.2%	17.6%	17.4%	14.4%	14.0%	12.3%	14.6%	13.2%	13.8%	13.3%	12.5%	12.1%
Depreciation	77	72	73	71	70	72	71	69	69	68	68	67	63
Interest	0	3	0	0	0	7	4	5	9	14	14	16	18
Exceptional items, gain / (loss)	—	—	211	—	—	395	—	—	—	—	—	—	—
Profit before tax	289	373	539	316	287	663	172	217	186	211	146	151	111
Tax	77	100	136	-34	101	233	62	76	66	74	51	53	39
Net profit	212	274	403	—	185	430	110	141	120	137	95	98	72
EPS	160.95	207.70	305.75	265.26	140.57	326.07	83.53	106.77	90.76	103.76	71.91	74.57	54.62
Net profit (TTM)	—	—	—	—	866	800	507	492	449	402	414	315	237
EPS (TTM)	939.66	919.28	1037.65	815.43	656.94	607.13	384.82	373.20	341.00	304.86	314.31	238.95	179.54

Total income excludes exceptional items, which are shown on their own row. Trendlyne and Screener fold exceptional items into revenue or other income, so their totals differ from this table by exactly that row.

Annual Financials

Year ended	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)
March 31, 2026	9,057	1,515	1,211
March 31, 2025	8,071	1,237	800
March 31, 2024	6,992	618	402

Annual income statement (standalone, ₹ Cr; CAGR to the latest year)

Indicator	CAGR 3Y	CAGR 5Y	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Total income (before exceptional items)	21.7%	35.4%	9,167^†	8,128^†	7,031^†	5,091^†	3,292^†	2,013^†	3,123^†	3,734^†	3,592^†	2,841^†
Operating revenue	21.7%	35.5%	9,057	8,071	6,992	5,029^†	3,240^†	1,983^†	3,080^†	3,658^†	3,531^†	2,756^†
Other income	—	—	110^†	57^†	39^†	62^†	52^†	29^†	43^†	75^†	61^†	85^†
Operating expenses	—	—	7,574^†	6,979^†	6,083^†	4,699^†	3,173^†	1,975^†	2,812^†	3,374^†	3,256^†	3,224^†
Operating profit	65.1%	182.6%	1,483^†	1,092^†	908^†	329^†	67^†	8^†	268^†	285^†	275^†	-468^†
Operating profit margin	—	—	16.4%^†	13.5%^†	13.0%^†	6.6%^†	2.1%^†	0.4%^†	8.7%^†	7.8%^†	7.8%^†	-17.0%^†
Depreciation	—	—	286^†	280^†	267^†	241^†	191^†	174^†	195^†	151^†	129^†	113^†
Interest	—	—	3^†	26^†	62^†	68^†	41^†	28^†	28^†	15^†	7^†	6^†
Exceptional items, gain / (loss)	—	—	211^†	395^†	0^†	208^†	0^†	0^†	-39^†	0^†	0^†	1^†
Profit before tax	73.4%	—	1,515	1,237	618	291^†	-113^†	-164^†	50^†	194^†	200^†	235^†
Tax	—	—	304^†	437^†	217^†	139^†	-39^†	-52^†	-8^†	47^†	53^†	55^†
Net profit	99.7%	—	1,211	800	402	152^†	-75^†	-112^†	58^†	147^†	147^†	180^†
EPS	99.7%	—	919.28^†	607.13^†	304.86^†	115.40^†	-56.62^†	—	—	—	—	—

^† Derived: the sum of that fiscal year's four quarterly filings (a real annual filing is used wherever one exists). Checked against filed annual figures, the sum lands within 0.5% for about 94% of company-years.

Annual ratios (standalone)

Ratio	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Operating margin	16.4%^†	13.5%^†	13.0%^†	6.6%^†	2.1%^†	0.4%^†	8.7%^†	7.8%^†	7.8%^†	-17.0%^†
EBIT margin	16.8%^†	15.6%^†	9.7%^†	7.1%^†	-2.2%^†	-6.9%^†	2.5%^†	5.7%^†	5.9%^†	8.7%^†
PBT margin	16.7%	15.3%	8.8%	5.8%^†	-3.5%^†	-8.3%^†	1.6%^†	5.3%^†	5.7%^†	8.5%^†
Net margin	13.4%	9.9%	5.7%	3.0%^†	-2.3%^†	-5.6%^†	1.9%^†	4.0%^†	4.2%^†	6.5%^†
Interest coverage	465.75x^†	48.83x^†	10.95x^†	5.25x^†	-1.76x^†	-4.82x^†	2.79x^†	13.64x^†	31.02x^†	43.39x^†
Dividend payout	4.4%^†	3.3%^†	3.3%^†	8.7%^†	—	—	—	—	—	—
Earnings retention	95.6%^†	96.7%^†	96.7%^†	91.3%^†	—	—	—	—	—	—
Current ratio	1.87x	1.49x	—	—	—	—	—	—	—	—
Quick ratio	1.26x	0.81x	—	—	—	—	—	—	—	—
Debt to equity	0.00x	0.01x	—	—	—	—	—	—	—	—
Return on equity	28.4%	25.8%	—	—	—	—	—	—	—	—
Return on assets	18.3%	15.4%	—	—	—	—	—	—	—	—
Return on capital employed	33.3%^†	36.3%^†	—	—	—	—	—	—	—	—
Asset turnover	1.37x	1.55x	—	—	—	—	—	—	—	—

Margins and asset turnover use operating revenue (interest earned for banks, excluding other income), not total income. Liquidity, leverage and return ratios need a filed standalone balance sheet, which exists only for recent years; returns use year-end equity/assets. Dividend payout is shown only for companies with a dividend record. † = built from a summed fiscal year.

Revenue Mix

Data unavailable.

Cash Flow

Year ended	Operating (₹ Cr)	Investing (₹ Cr)	Financing (₹ Cr)	Capex (₹ Cr)	Free Cash Flow (₹ Cr)
March 31, 2026	1,297	-900	-73	540	757
March 31, 2025	971	-351	-562	367	604
March 31, 2024	1,011	-198	-509	208	803

Balance Sheet (standalone)

Year ended	Total Assets (₹ Cr)	Total Equity (₹ Cr)	Reserves (₹ Cr)	Borrowings, Current (₹ Cr)	Borrowings, Non-current (₹ Cr)	Current Assets (₹ Cr)	Current Liabilities (₹ Cr)	Cash & Equivalents (₹ Cr)	Net Block (₹ Cr)	Inventory (₹ Cr)
March 31, 2026	6,605	4,264	4,251	0	0	3,824	2,044	823	1,473	1,258
March 31, 2025	5,202	3,104	3,090	16	1	2,573	1,725	500	1,524	1,184
March 31, 2024	—	—	—	—	—	—	—	—	—	—

Financial charts

Trend charts drawn from the standalone income-statement and ratio tables above (oldest year on the left); a gap means that period has no figure. Annual years marked † in the tables are derived from four quarters.