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Force Motors Limited (FORCEMOT.NS)
INR18,431.00
+771.00 (+4.37%)
IN NSE Consumer Cyclical Auto - Manufacturers
Address
Mumbai-Pune Road 411035
Pune, IN
Pune, IN
CEO
Abhaykumar Navalmal Firodia
Website
forcemotors.com
IPO
2019-08-19
ISIN INE451A01017
Also trades on
Bombay Stock Exchange · FORCEMOT.BO (INR)
National Stock Exchange of India · FORCEMOT.NS (INR)
Description
Force Motors Limited is an integrated Indian automotive enterprise involved in the entire process of conceiving, engineering, manufacturing, and distributing a wide spectrum of vehicle components, sub-assemblies, and complete automobiles. Its product lineup encompasses light commercial vehicles, including passenger buses, school transport, emergency ambulances, and freight carriers, in addition to multi-utility vehicles, compact commercial models, specialized vehicles, and agricultural tractors. These offerings are sold under popular brand names such as Traveller Monobus, Traveller, TRAX, Gurkha, Balwan, and Kargo King. While its primary market is India, the company also exports its goods to various countries in the Middle East, Asia, Latin America, and Africa. Established in 1958 and based in Pune, India, Force Motors Limited operates as a subsidiary of Jaya Hind Industries Private Limited.
Market Cap & Enterprise Value
Merger & Acquisition History
No mergers or acquisitions recorded for this company.
Technical Outlook
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Signal Summary
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| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
INR18,431.00
+771.00 (+4.37%)
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Volume Profile
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Liquidity & share structure
Average Volume
130.4K
Beta
0.52
Float Shares
1.82M
Free Float %
13.8%
Price Performance
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| +4.67% | -0.59% | -10.12% | -11.62% | +2.74% | -13.00% | +34.01% | +703.48% | +1,336.53% | +1,273.09% | +1,273.09% |
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From
To
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow
Revenue by geography
Revenue by segment
From
To
Revenue composition
From
To
By product
By geography
Financial Statements
Select metrics from the tables below to build your comparison.
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
Price Targets & DCF
Current price
18,431.00
DCF (Unlevered)
32,494.56
+76.3%
DCF (Levered)
32,951.73
+78.8%
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
Quality scores
Altman Z-Score
8.33
Safe zone
Piotroski F-Score
4 / 9
Average
MOAT Score
5 / 10
Developing
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
4 / 5
High
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
1 / 5
Low
P/E Score
2 / 5
Medium
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
-
Revenue growth Auto - Manufacturers: +8.4%+12.2% ★ Q1'26: +8.2% (vs Q1'25)
-
EPS growth Auto - Manufacturers: +17.3%+51.3% ★ Q1'26: -35.9% (vs Q1'25)
-
FCF margin FCF growth · Auto - Manufacturers: +72.3%+13.4% ★ Q1'26: +1.9% (vs Q1'25)
-
EBIT margin Auto - Manufacturers: +4.6%+16.8% ★ Q1'26: +14.9% (vs Q1'25)
-
ROIC Auto - Manufacturers: +3.7%+36.1% ★ Q1'26: +33.3% (vs Q1'25)
-
Share dilution Auto - Manufacturers: +0.0%+0.0% Q1'26: +0.0% (vs Q1'25)
-
Debt / EBITDA Net debt/EBITDA · Auto - Manufacturers: -0.19×0.00× ★ Q1'26: 0.00× (vs Q1'25)
Valuation Multiples
From
To
Price Forecast (3Y)
From
To
Theoretical Return — If Invested Today
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
Consensus Estimates
| Metric |
Mar 1996 actual |
Mar 2011 actual |
Mar 2013 actual |
Mar 2014 actual |
Mar 2015 actual |
Mar 2016 actual |
Mar 2017 actual |
Mar 2018 actual |
Mar 2019 actual |
Mar 2020 actual |
Mar 2021 actual |
Mar 2025 actual |
Mar 2026 1 Rev. Ana. 1 EPS Ana. |
Mar 2027 1 Rev. Ana. 1 EPS Ana. |
Mar 2028 1 Rev. Ana. 1 EPS Ana. |
Mar 2029 1 Rev. Ana. 1 EPS Ana. |
Mar 2030 1 Rev. Ana. 1 EPS Ana. |
Mar 2031 1 Rev. Ana. 1 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
6.12B
est.
|
14.80B
est: 16.41B (-9.8%)
|
19.73B
est: 21.43B (-7.9%)
|
20.51B
est: 42.10B (-51.3%)
|
23.85B
est: 22.15B (+7.7%)
|
30.51B
est: 29.83B (+2.3%)
|
31.01B
est: 33.06B (-6.2%)
|
34.41B
est: 35.29B (-2.5%)
|
36.73B
est: 36.31B (+1.2%)
|
30.93B
est: 38.12B (-18.9%)
|
20.01B
est: 41.95B (-52.3%)
|
80.72B
est: 22.15B (+264.5%)
|
29.83B
29.83B – 29.83B
+34.7% YoY
|
33.06B
33.06B – 33.06B
+10.8% YoY
|
35.29B
35.29B – 35.29B
+6.8% YoY
|
36.31B
36.31B – 36.31B
+2.9% YoY
|
38.12B
38.12B – 38.12B
+5.0% YoY
|
41.95B
41.95B – 41.95B
+10.0% YoY
|
| EBITDA |
498.79M
est.
|
1.27B
est: 1.31B (-3.2%)
|
600.47M
est: 2.00B (-70.0%)
|
1.36B
est: 2.36B (-42.5%)
|
1.73B
est: 1.80B (-4.3%)
|
3.03B
est: 2.43B (+24.5%)
|
3.04B
est: 2.69B (+12.7%)
|
2.99B
est: 2.88B (+3.8%)
|
3.04B
est: 2.96B (+2.7%)
|
2.85B
est: 3.11B (-8.4%)
|
530.10M
est: 3.42B (-84.5%)
|
11.22B
est: 6.71B (+67.1%)
|
9.04B
9.04B – 9.04B
+34.7% YoY
|
10.02B
10.02B – 10.02B
+10.8% YoY
|
10.69B
10.69B – 10.69B
+6.8% YoY
|
11.00B
11.00B – 11.00B
+2.9% YoY
|
11.55B
11.55B – 11.55B
+5.0% YoY
|
12.71B
12.71B – 12.71B
+10.0% YoY
|
| EBIT |
174.38M
est.
|
821.32M
est: 458.45M (+79.2%)
|
-101.10M
est: 87.55M (-215.5%)
|
507.93M
est: -314.30M (+261.6%)
|
913.70M
est: 630.97M (+44.8%)
|
2.14B
est: 849.98M (+151.7%)
|
1.91B
est: 941.91M (+102.4%)
|
1.69B
est: 1.01B (+68.4%)
|
1.53B
est: 1.03B (+48.0%)
|
900.20M
est: 1.09B (-17.1%)
|
-1.21B
est: 1.20B (-201.0%)
|
8.45B
est: 6.56B (+28.8%)
|
8.84B
8.84B – 8.84B
+34.7% YoY
|
9.79B
9.79B – 9.79B
+10.8% YoY
|
10.45B
10.45B – 10.45B
+6.8% YoY
|
10.75B
10.75B – 10.75B
+2.9% YoY
|
11.29B
11.29B – 11.29B
+5.0% YoY
|
12.43B
12.43B – 12.43B
+10.0% YoY
|
| Net Income |
281.58M
est.
|
586.18M
est: 641.93M (-8.7%)
|
144.22M
est: 133.07M (+8.4%)
|
778.47M
est: 282.87M (+175.2%)
|
1.02B
est: 823.50M (+23.3%)
|
1.79B
est: 1.64B (+9.1%)
|
1.80B
est: 1.87B (-3.9%)
|
1.47B
est: 2.16B (-31.8%)
|
1.43B
est: 1.58B (-9.4%)
|
501.70M
est: 1.70B (-70.6%)
|
-1.24B
est: 1.91B (-164.6%)
|
8.01B
est: 823.50M (+872.4%)
|
1.64B
1.64B – 1.64B
+99.0% YoY
|
1.87B
1.87B – 1.87B
+14.3% YoY
|
2.16B
2.16B – 2.16B
+15.2% YoY
|
1.58B
1.58B – 1.58B
-26.7% YoY
|
1.70B
1.70B – 1.70B
+7.8% YoY
|
1.91B
1.91B – 1.91B
+12.2% YoY
|
| SGA |
670.64M
est.
|
—
est: 1.80B (-100.0%)
|
3.39B
est: 2.35B (+44.5%)
|
3.04B
est: 7.12B (-57.3%)
|
3.32B
est: 2.43B (+37.0%)
|
3.40B
est: 3.27B (+4.0%)
|
3.91B
est: 3.62B (+8.0%)
|
4.08B
est: 3.87B (+5.5%)
|
4.26B
est: 3.98B (+7.2%)
|
4.33B
est: 4.18B (+3.6%)
|
3.63B
est: 4.60B (-21.1%)
|
6.26B
est: 1.93B (+224.5%)
|
2.60B
2.60B – 2.60B
+34.7% YoY
|
2.88B
2.88B – 2.88B
+10.8% YoY
|
3.08B
3.08B – 3.08B
+6.8% YoY
|
3.16B
3.16B – 3.16B
+2.9% YoY
|
3.32B
3.32B – 3.32B
+5.0% YoY
|
3.66B
3.66B – 3.66B
+10.0% YoY
|
| EPS |
21.37
est.
|
44.49
est: 49.44 (-10.0%)
|
10.95
est: 104.46 (-89.5%)
|
59.08
est: 224.45 (-73.7%)
|
77.06
est: 62.50 (+23.3%)
|
135.77
est: 124.40 (+9.1%)
|
136.68
est: 142.17 (-3.9%)
|
111.66
est: 163.80 (-31.8%)
|
108.78
est: 120.03 (-9.4%)
|
38.08
est: 129.40 (-70.6%)
|
-93.83
est: 145.20 (-164.6%)
|
607.71
est: 62.50 (+872.3%)
|
124.40
124.40 – 124.40
+99.0% YoY
|
142.17
142.17 – 142.17
+14.3% YoY
|
163.80
163.80 – 163.80
+15.2% YoY
|
120.03
120.03 – 120.03
-26.7% YoY
|
129.40
129.40 – 129.40
+7.8% YoY
|
145.20
145.20 – 145.20
+12.2% YoY
|
Historical Ratings (3M)
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-06-12 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 1/5 | 2/5 | 1/5 |
| 2026-06-11 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 1/5 | 2/5 | 1/5 |
| 2026-06-10 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 1/5 | 2/5 | 1/5 |
| 2026-06-09 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 1/5 | 2/5 | 1/5 |
| 2026-06-08 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 1/5 | 2/5 | 1/5 |
| 2026-06-05 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 1/5 | 2/5 | 1/5 |
| 2026-06-04 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 1/5 | 2/5 | 1/5 |
| 2026-06-03 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 1/5 | 2/5 | 1/5 |
| 2026-06-02 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 1/5 | 2/5 | 1/5 |
| 2026-06-01 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-29 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-27 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-26 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-25 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-22 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-21 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-20 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-19 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-18 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-15 | B+ | 3/5 | 3/5 | 5/5 | 5/5 | 1/5 | 3/5 | 1/5 |
| 2026-05-14 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 1/5 | 3/5 | 1/5 |
| 2026-05-13 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 1/5 | 3/5 | 1/5 |
| 2026-05-12 | B+ | 3/5 | 3/5 | 5/5 | 5/5 | 1/5 | 3/5 | 1/5 |
| 2026-05-11 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 1/5 | 3/5 | 1/5 |
| 2026-05-08 | B+ | 3/5 | 3/5 | 5/5 | 5/5 | 1/5 | 3/5 | 1/5 |
| 2026-05-07 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 1/5 | 3/5 | 1/5 |
| 2026-05-06 | B+ | 3/5 | 3/5 | 5/5 | 5/5 | 1/5 | 3/5 | 1/5 |
| 2026-05-05 | B+ | 3/5 | 3/5 | 5/5 | 5/5 | 1/5 | 3/5 | 1/5 |
| 2026-05-04 | B+ | 3/5 | 3/5 | 5/5 | 5/5 | 1/5 | 3/5 | 1/5 |
| 2026-04-30 | C | 2/5 | 4/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-04-29 | C | 2/5 | 3/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-04-28 | C | 2/5 | 3/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-04-27 | C | 2/5 | 3/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-04-24 | C | 2/5 | 3/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-04-23 | C | 2/5 | 3/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-04-22 | C | 2/5 | 3/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-04-21 | C | 2/5 | 3/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-04-20 | C | 2/5 | 3/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-04-17 | C | 2/5 | 3/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-04-16 | C | 2/5 | 3/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
Owner Earnings
Owner's Earnings (history)
From
To
Owner alignment
Owner's Earnings TTM
4.04B
OE per share TTM
306.39
Owner's Yield
1.71%
Maintenance CapEx ratio
50.99%
Maint CapEx / Avg PPE
30.5%
Ownership Overview
Ownership breakdown
Ownership breakdown not available.
At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional ownership trend
Institutional history not available.
Top institutional holders
Top holders not available.
ETF Ownership
Top ETFs holding this stock
Held by 16 ETFs in our universe
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | Vanguard FTSE All-World ex-US Small-Cap ETF VSS | 0.02% | 3.31M | 0.06% |
| 2 | Vanguard FTSE Emerging Markets Shares ETF VGE.AX | 0.01% | 113.2K | 0.48% |
| 3 | Vanguard FTSE Emerging Markets All Cap Index ETF VEE.TO | 0.01% | 255.4K | 0.26% |
| 4 | Vanguard FTSE Emerging Markets ETF VWO | 0.01% | 12.60M | 0.06% |
| 5 | Vanguard ESG International Stock ETF VSGX | 0.00% | 181.8K | 0.10% |
| 6 | Vanguard Total International Stock ETF VXUS | 0.00% | 13.50M | 0.05% |
| 7 | Vanguard ESG Global All Cap UCITS ETF (USD) Accumulating V3AA.L | 0.00% | 33.2K | 0.24% |
| 8 | Vanguard ESG Global All Cap UCITS ETF (USD) Distributing V3AL.L | 0.00% | 33.2K | 0.24% |
| 9 | Vanguard FTSE Global All Cap ex Canada Index ETF VXC.TO | 0.00% | 20.3K | 0.22% |
| 10 | Vanguard Total World Stock ETF VT | 0.00% | 646.3K | 0.06% |
Insider Activity
Insider Activity — Latest Quarter
No insider activity available.
Insider buys vs sells (history)
Insider history not available.
Recent insider transactions
No recent insider transactions.
Executive team
Top executives
EBIT / Employee
2.68M
Shares Outstanding
13.18M
Executive compensation
Executive compensation (annual)
Executive compensation not available.
CEO compensation breakdown
No CEO compensation history available.
Proxy statements
Proxy statements (DEF 14A)
No proxy statements available for this company yet.
Recent SEC filings
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Prasan Singh Abhaykumar Firodia | MD & Director | 298M | male |
| Prashant Vijay Inamdar | Executive Director of Operations & Executive Director | 40M | male |
| Pradeep Dhadiwal | President of Special Projects | 2M | male |
| Makarand Kanade | President of Engineering & Corporate Quality | — | male |
| Rakesh Maru | President of Sales, Marketing & After Sales | — | male |
| Rishi Luharuka | President & Group Chief Financial Officer | — | male |
| Abhaykumar Navalmal Firodia | Chairman | — | — |
| Rohan Sampat | Nodal Officer, Company Secretary & Compliance Officer | — | male |
| Ananya Bhattacharjee | Senior Divisional Manager of Corporate Communications | — | female |
| Archana Ashok Gharte | General Manager of Group Corporate HR, Learning & Development | — | female |
ESG Score History
No data available for this company.
Senate Trading Activity
No Senate trading activity found for this company.
House Trading Activity
No House trading activity found for this company.
Market share among peers
Peer comparison — filtered group (TTM)
Your opinion
Share your view on this stock and instantly see how the community has voted over the last 6 months.
Community Opinion for FORCEMOT.NS
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
