Automobile and Auto Components · NIFTY 500

FORCE MOTORS Limited

NSEFORCEMOT BSE500033 ISININE451A01017 SeriesEQ Listed on NSE · BSE

₹19,836.00 -36.00 (-0.18%) Updated 12 Nov, 6:47 pm IST

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Price, daily close+3.77% in a year

Today

Open: ₹20,000.00
Prev close: ₹19,872.00
Day high: ₹20,478.00
Day low: ₹19,213.00
Volume: 1.20 L
Value traded: ₹241.43 Cr
Upper circuit: ₹20,343.00
Lower circuit: ₹19,159.00
52W high: ₹26,450.00
52W low: ₹16,184.00
1 month: +13.58%
6 months: -8.04%

52W low52W high

Ratios

Key numbers

Worked out from the latest filings (Consolidated) and today's price. TTM = last four quarters.

Market cap₹26,144 Cr

P/E (TTM)21.87

P/B5.64

Book value / share₹3,518.84

EPS (TTM)₹906.98

ROE25.8%

Dividend yield0.25%

Dividend (12m)₹50.00 / share

Net margin (TTM)11.9%

Operating margin14.8%

Debt / equity—

Current ratio1.81

EV / EBITDA14.43

Sales growth (YoY qtr)+40.51%

Profit growth (YoY qtr)-16.19%

Sales CAGR 3Y—

Profit CAGR 3Y—

Shares1.32 Cr

Quarterly results

Results for each quarter

Last 11 quarters, consolidated, ₹ crore. Hover a bar to see the number.

Revenue and net profit

2,011140

Mar 24

1,885116

Jun 24

1,941135

Sep 24

1,889115

Dec 24

2,356435

Mar 25

2,297176

Jun 25

2,081351

Sep 25

2,129406

Dec 25

2,550279

Mar 26

2,440217

Jun 26

2,925294

Sep 26

Revenue · QoQ (vs last quarter)

—-6.3%+3.0%-2.7%+25%-2.5%-9.4%+2.3%+20%-4.3%+20%

Revenue · YoY (vs a year ago)

————+17%+22%+7.2%+13%+8.2%+6.2%+41%

Net profit · QoQ (vs last quarter)

—-18%+17%-15%+277%-59%+99%+16%-31%-22%+36%

Net profit · YoY (vs a year ago)

————+210%+52%+160%+252%-36%+23%-16%

RevenueNet profitLine = trend

106.45

Mar 24

87.81

Jun 24

102.46

Sep 24

87.52

Dec 24

329.92

Mar 25

133.82

Jun 25

266.14

Sep 25

308.22

Dec 25

211.37

Mar 26

164.36

Jun 26

223.03

Sep 26

EPS (₹) · YoY (vs a year ago)

————+210%+52%+160%+252%-36%+23%-16%

EPS (₹)Line = trend

₹ Cr	Mar 24	Jun 24	Sep 24	Dec 24	Mar 25	Jun 25	Sep 25	Dec 25	Mar 26	Jun 26	Sep 26
Revenue	2,011	1,885	1,941	1,889	2,356	2,297	2,081	2,129	2,550	2,440	2,925
Other income	14.6	15.0	8.6	14.9	18.1	25.1	24.5	27.1	33.9	38.1	42.8
Total income	2,026	1,900	1,950	1,904	2,374	2,322	2,106	2,156	2,584	2,478	2,967
Raw material	1,460	1,424	1,399	1,506	1,631	1,707	1,553	1,491	1,677	1,749	2,176
Purchases	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Employee cost	160	139	130	131	192	166	171	167	181	195	199
Other expenses	122	111	102	109	118	114	104	105	159	158	164
Total expenses	1,815	1,714	1,733	1,732	2,106	2,036	1,790	1,827	2,210	2,190	2,575
Operating profit	279	249	283	232	724	332	363	585	414	328	434
OPM %	13.9%	13.2%	14.6%	12.3%	30.7%	14.5%	17.4%	27.5%	16.2%	13.4%	14.8%
Finance cost	14.3	9.1	5.4	4.1	7.3	0.1	0.2	0.2	2.7	0.0	2.1
Depreciation	68.1	69.3	68.6	70.5	71.9	70.3	71.0	72.7	72.0	77.4	81.7
Exceptional items	—	—	—	—	395	—	—	211	—	—	—
Profit before tax	211	186	217	172	663	287	316	539	373	288	393
Tax	74.1	66.1	76.4	61.8	233	101	-33.5	136	99.7	76.7	102
Net profit	140	116	135	115	435	176	351	406	279	217	294
Profit to shareholders	140	116	135	115	435	176	351	406	279	217	294
EPS (₹)	106.45	87.81	102.46	87.52	329.92	133.82	266.14	308.22	211.37	164.36	223.03

Profit & loss

Results for each year

3 financial years (April to March), consolidated, ₹ crore.

Sales, operating profit and net profit

6,992909388

FY24

8,0721,487801

FY25

9,0571,6941,212

FY26

Revenue · YoY (vs a year ago)

—+15%+12%

Net profit · YoY (vs a year ago)

—+106%+51%

RevenueOperating profitNet profitLine = trend

₹ Cr	FY24	FY25	FY26
Revenue	6,992	8,072	9,057
Other income	39.1	56.6	110
Total expenses	6,412	7,285	7,863
Employee cost	533	592	686
Operating profit	909	1,487	1,694
OPM %	13.0%	18.4%	18.7%
Finance cost	62.1	25.9	3.3
Depreciation	267	280	286
Profit before tax	619	1,238	1,516
Tax	217	437	304
Tax rate %	35.0%	35.3%	20.1%
Net profit	388	801	1,212
Profit to shareholders	388	801	1,212
Net margin %	5.6%	9.9%	13.4%
EPS (₹)	294.54	607.71	919.56

Balance sheet

Assets and debt

At each year end (and the latest half year), ₹ crore.

Equity, debt and assets

2,255525448

Mar 24

3,03317.4507

Mar 25

4,194830

Mar 26

4,638734

Sep 26

Shareholders' equity · YoY (vs a year ago)

—+35%+38%—

Shareholders' equityBorrowingsCashLine = trend

₹ Cr	Mar 24	Mar 25	Mar 26	Sep 26
Shareholders' equity	2,255	3,033	4,194	4,638
Long-term borrowings	382	1.3	0.0	0.0
Short-term borrowings	143	16.1	0.0	0.0
Total borrowings	525	17.4	—	—
Current liabilities	1,636	1,725	2,044	2,348
Fixed assets (PPE)	1,571	1,524	1,473	1,795
Inventories	1,163	1,184	1,258	1,419
Trade receivables	104	174	191	196
Cash & equivalents	448	507	830	734
Current assets	2,046	2,580	3,832	4,248
Total assets	4,415	5,134	6,538	7,286
Debt / equity	0.23	0.01	—	—

Cash flow

Cash coming in and going out

For each financial year, ₹ crore. Free cash flow = cash from operations minus spending on fixed assets.

Operating, investing and financing cash

1,014-198-509

FY24

971-351-562

FY25

1,297-900-73.4

FY26

Operations · YoY (vs a year ago)

—-4.2%+34%

OperationsInvestingFinancingLine = trend

₹ Cr	FY24	FY25	FY26
Cash from operations	1,014	971	1,297
Cash from investing	-198	-351	-900
Cash from financing	-509	-562	-73.4
Spent on fixed assets	-208	-367	-540
Free cash flow	806	605	757
Net cash flow	308	58.4	324

Shareholding

Who holds the shares

Promoter and public holding at each quarter end, as filed with NSE.

Holding over time

61.6%Feb 24

61.6%Mar 24

61.6%Jun 24

61.6%Sep 24

61.6%Dec 24

61.6%Mar 25

61.6%Jun 25

61.6%Sep 25

61.6%Dec 25

61.6%Mar 26

61.6%Jun 26

61.6%Sep 26

Promoter & groupPublic

Latest (30 Sep 2026)

61.6%promoter

Promoter & group: 61.63%
Public (FIIs, mutual funds, retail…): 38.37%
Promoter change, last quarter: 0.00 pts

Dividends & news

Latest dividends and announcements

Dividends & corporate actions

Dividend - Rs 50 Per ShareEx 09-Sep-2026
Dividend - Rs 40 Per ShareEx 10-Sep-2025
Annual General MeetingEx 28-Aug-2024
Dividend - Rs 20 Per ShareEx 28-Aug-2024
Annual General Meeting/Dividend - Rs 10 Per ShareEx 21-Sep-2023
Annual General Meeting/Dividend - Rs 10 Per ShareEx 20-Sep-2022
Annual General Meeting/Dividend - Rs 5 Per ShareEx 20-Sep-2021
Annual General Meeting/Dividend - Rs 10 Per ShEx 21-Sep-2020

Board meetings

the financial results for the period ended September 30, 202628-Oct-2026
FORCE MOTORS LTD has informed the Exchange about Board Meeting to be held on 28-Oct-2026 to inter-alia consider and approve the Unaudited Financial r…28-Oct-2026
the financial results for the period ended September 30, 202628-Oct-2026
FORCE MOTORS LTD has informed the Exchange about Board Meeting to be held on 28-Oct-2026 to inter-alia consider and approve the Unaudited Financial r…28-Oct-2026
Other business.25-Sep-2026

Filings with NSE

Monthly Business Updates1 Nov
Copy of Newspaper Publication29 Oct
Shareholders meeting28 Oct
Shareholders meeting28 Oct
Outcome of Board Meeting28 Oct
Shareholders meeting26 Oct
Shareholders meeting26 Oct

Latest news

Angel One flags Nifty hurdle at 25,150; bullish on ITC, SBI, Force MotorsBusiness Standard · 9 Nov, 7:45 am Force Motors (FORCEMOT) Share Price Falls 2.05% to Rs 16,965.00: Price Action and Fundamental AnalysisUnivest · 28 Oct, 12:30 pm Force Motors shares gain after domestic sales surge 62% in AugustCNBC TV18 · 1 Sep, 12:30 pm Force Motors Share Price Today Up 5%Equitymaster · 12 Aug, 12:30 pm Force Motors publishes EGM notice for A equity shareholdersscanx.trade · 21 Sep, 2:23 pm Market Trading Guide: ITC, ICICI Bank among 5 stock recommendations for Muhurat trading sessionThe Economic Times · 8 Nov, 10:25 am Force Motors shares hit 52-week low as May 2026 total sales decline 15%Upstox · 1 Jun, 12:30 pm Force Motors Share Price Down 3.89%; Sales Register 8% Increase in February 2026HDFC Sky · 2 Mar, 1:30 pm

About

About FORCE MOTORS Limited

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.

From Wikipedia (CC BY-SA 4.0).

Company details

Company name: FORCE MOTORS Limited
NSE symbol: FORCEMOT
BSE scrip code: 500033
ISIN: INE451A01017
Listed on: NSE, BSE
Series: EQ (normal equity)
Listed on NSE since: 14 Feb 2024
Face value: ₹10 per share
Market lot: 1 share
Shares issued: 1.32 crore
Index: NIFTY 500
Sector (NSE): Automobile and Auto Components
Industry: Motor Vehicles
Managing director / CEO: Prasan Firodia
Chair: Abhaykumar Firodia
Headquarters: Pune, Maharashtra, India
Registered address: Mumbai-Pune Road, Akurdi, Pune – 411 035
Founded: 1958
Employees: 8,698
Financial year: April to March
Results basis: Consolidated
Website: forcemotors.com

Peers

Other Automobile and Auto Components stocks

Prices from NSE via Upstox. Financials from the company's results filed with NSE (XBRL); ratios are our own working. Profile from global-stock-logos (MIT). For information only, not a recommendation to buy or sell.

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FORCE MOTORS Limited

Today

Ratios

Quarterly results

Revenue and net profit

Profit & loss

Sales, operating profit and net profit

Balance sheet

Equity, debt and assets

Cash flow

Operating, investing and financing cash

Shareholding

Holding over time

Latest (30 Sep 2026)

Dividends & news

Dividends & corporate actions

Board meetings

Filings with NSE

Latest news

About

Company details

Peers