Force Motors

₹18,900As of Sun 8 Nov 2026, 12:00 UTC

NSE:FORCEMOTConsumer Disc

Country India

PE (Fwd) 15.02

TSR 7Y CAGR 47.26%

Div yield 0.26%

ROE —

Auto Manufacturers

Beta (5Y) 0.64

PE TTM 20.55

TSR TTM 7.36%

Mkt cap ₹247.7B

ROIC —

SE Grade™

Value

Quality

Moat

—

1Y Price

Reference

₹21,158

11.95%

(70.28%)

Price above Reference Value

FY23

FY24

FY25

FY26

Earnings per share₹

101.42

294.54

607.71

919.56

246.73%

190.40%

106.33%

51.31%

Revenue₹B

50.29

69.92

80.72

90.57

55.20%

39.04%

15.44%

12.21%

TTM

FYE 31 Mar INR

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026

FY2027E

Trend

10Y

Peers

90.57

Revenue₹B

—

32.40

50.29

69.92

80.72

90.57

106.1

29.30%

12.21

Revenue growth%

—

55.20

39.04

15.44

12.21

17.09

27.24

—

30.43

Gross margin%

—

21.00

22.67

27.41

27.28

30.43

30.48

27.28

13.38

Operating margin%

—

(2.92)

3.20

9.53

10.29

13.38

13.57

9.53

13.38

Net margin%

—

(2.81)

2.66

5.55

9.92

13.38

13.55

5.55

20.55

P/E ratio (avg)x

—

12.64

11.64

13.52

18.77

17.33

13.08

—

20.55

EV/EBITx

—

10.48

6.781

13.03

18.77

17.31

11.76

—

FCF yield (avg)%

—

FCF margin%

—

FCF / Net incomex

—

ROIC%

—

Return on equity%

—

Return on assets%

—

919.56

EPS₹

—

(69.12)

101.42

294.54

607.71

919.56

1,090

108.52%

—

51.31

EPS growth%

—

246.73

190.40

106.33

51.31

18.59

148.36

—

Bookvalue per sh₹

—

FCF per share₹

—

50.00

Dividend per sh₹

—

10.00

20.00

40.00

50.00

54.57

49.53%

—

0.26

Div yield (avg)%

—

0.71

0.78

0.58

0.49

0.29

0.58

5.44

Payout ratio%

—

9.86

6.79

6.58

5.44

5.00

6.69

—

13.18

Shares (diluted)M

—

13.18

◌13.18

—

Buyback yield%

—

◌—

—

D/E ratiox

—

100

249.0

Enterprise value₹B

—

18.49

16.90

45.17

108.3

227.4

249.0

87.27%

—

LT debt₹M

—

Peers (US$2.659B)

Cap (US$)

Ather Energy Limited

7.693B

—

TVS Holdings Limited

2.764B

12.14x

Ola Electric Mobility…

1.690B

—

AIMA Technology Group…

2.661B

14.80x

Capital

TTM

10Y

Leveragex

—

EBIT/Intx

393.4

10.90

Own earn%

—

Sh yield%

0.26

0.54

Owners

Insiders/Inst%

6.78

6.37

Short interest%

—

SBC / revenue%

—

Record

10Y

Profitable years

4/5

Revenue growth years

4/4

EPS growth years

4/4

Dividend streakyrs

Op margin range%

−3–13

$1 testx

—

Incr. ROIC%

—

Force Motors Limited, an integrated automobile company, designs, develops, manufactures, and sells a range of automotive components, aggregates, and vehicles in India.

Growth vs revenue

Latest

Trend

4Y CAGR

Rel growth

Revenue

₹90.57B

29.30%

1.00×

Cost of revenue

₹63.01B

25.26%

0.88×

Operating expenses

₹15.44B

18.81%

0.71×

Revenue by region

No breakdown available

Reinvestment returns

n/m

Trend

Reinvestment rate

n/m

Return on capital

n/m

Spread over hurdle

n/m