Force Motors Ltd

500033

Summary

Fair Value Assessment
Undervalued (5% Discount)
Fair ValueQ9,540.38UncertaintyHigh
Close Price9,034.00Apr 29, 2025
8,890.00
Price Down by 144.00 | 1.59 %
Previous Close
9,034.00
Day Range
8,800.00 – 9,070.00
Year Range
6,128.55 – 9,885.05
Bid / Ask
Market Cap
117.1 Bil
Volume / Average
8.3 k / 5.4 k
Beta (5-Year)
Shares Outstanding
13.18 Mil
Primary Exchange
Bombay Stock Exchange

Business Description
Force Motors Ltd is an automobile manufacturing company domiciled in India. The company principally manufactures small commercial vehicles, including cargo transportation; light commercial vehicles, such as buses and vans; multi-utility vehicles; sports utility vehicles; and agricultural tractors. In addition to vehicle manufacturing operations, Force Motors manufactures products related to the automobile industry, such as diesel engines. Production is largely sold domestically, and the company's manufacturing operations are conducted in domestic plants.
Contact
Mumbai-Pune Road Akurdi, Pune, MH 411 035
T +91 2027476381
www.forcemotors.com opens in a new tab
Sector
Consumer Cyclical
Industry
Auto Manufacturers
Most Recent Earnings
Mar 31, 2025
Fiscal Year End
Mar 31, 2025
Employees
7,720

Key Metrics

Income Statement (in Bil, except ratios)
03/31/2025
03/2025
03/2024
03/2023
03/2022
03/2021
Revenue
80.72 80.72 69.32 50.29 32.07 19.52
Revenue Growth %
15.44% 15.44% 39.18% 55.20% 64.32% -36.07%
Gross Profit
21.25 21.25 16.74 11.09 5.28 4.13
Gross Profit Margin %
26.32% 26.32% 24.14% 22.05% 16.45% 21.18%
Operating Income
8.12 8.12 6.43 0.89 -1.24 -1.38
Operating Margin %
10.07% 10.07% 9.28% 1.77% -3.87% -7.06%
EBIT
12.64 12.64 6.57 3.41 -0.91 -1.53
EBIT Margin %
15.66% 15.66% 9.47% 6.78% -2.84% -7.82%
EBITDA
15.44 15.44 9.23 5.82 1.00 0.21
EBITDA Margin %
19.13% 19.13% 13.32% 11.56% 3.11% 1.08%
Net Income
8.01 8.01 3.88 1.34 -0.91 -1.24
Net Profit Margin %
9.92% 9.92% 5.60% 2.66% -2.84% -6.33%
Basic EPS
607.71 607.71 294.54 101.43 -69.13 -93.83
Diluted EPS
607.71 607.71 294.54 101.43 -69.13 -93.83
Normalized EPS
610.60 610.60 17.46 -70.73 -84.89
Total Dividends per Share
20.00 20.00 10.00 10.00 5.00 10.00
Balance Sheet (in Bil, except ratios)
03/31/2025
03/2025
03/2024
03/2023
03/2022
03/2021
Total Assets
51.34 51.34 44.15 40.13 36.61 32.38
Total Liabilities
20.98 20.98 21.57 21.36 19.11 13.98
Total Debt
0.17 0.17 5.25 9.55 10.69 6.42
Total Equity
30.36 30.36 22.57 18.77 17.50 18.40
Cash And Cash Equivalents
5.07 5.07 4.48 1.40 0.72 0.35
Working Capital
8.55 8.55 4.10 0.56 -2.56 0.08
Shares Outstanding (Bil)
0.01 0.01
13.18 13.18
Book Value Per Share
2,302.19 2,302.19 1,711.52 1,423.04 1,326.53 1,394.80
Total Debt To Equity
0.01 0.01 0.23 0.51 0.61 0.35
Cash Flow Statement (in Bil, except ratios)
03/31/2025
03/2024
03/2023
03/2022
03/2021
03/2020
Cash From Operating Activities
9.71 10.14 5.32 0.18 0.07 4.09
Cash From Investing Activities
-3.51 -1.98 -2.56 -3.64 -3.33 -3.27
Cash From Financing Activities
-5.62 -5.09 -2.07 3.83 2.93 -0.20
Capital Expenditures
3.67 2.08 2.60 4.07 4.53 4.58
Free Cash Flow
9.25 5.17 3.91 -3.29 -4.29 -2.48
Change in Cash
0.58 3.08 0.68 0.37 -0.32 0.62

Profile

Name (Age)
5-Year Trend
2021
2022
2023
2024
2025
Prasan Abhaykumar Firodia (45) Managing Director and Director
Prashant V. Inamdar (59) Director and Executive Director, Operations
Total Compensation for all Key Executives
Transaction History

Shares in Thousands
0 5 10 15 20 25 30 35 40
>
No Data Available
There is no available information for this investment.
Sep
2023
    • Buy
    • Acquisition
    • Option Exercise
    • Disposition
    • Sell
Transaction Detail
No Data Available
There is no available information for this investment.

Ownership

Name
% Total
Shares Held
% Total
Assets
Trend
Prev. 8 Qtrs
Change Amount
Change %
Date
Jupiter India L Acc 0.82 0.33 108,299
Dec 31, 2024
iShares Core MSCI Emerging Markets ETF 0.36 0.01 47,096
Mar 31, 2025
DFA Emerging Markets Core Equity 2 I 0.29 0.01 37,959
278
0.74%
Feb 28, 2025
Jupiter India Select D USD Acc 0.28 0.30 37,219
Dec 31, 2024
Sundaram Flexi Cap Reg Gr Not Rated 0.22 1.37 29,601
2,071
7.52%
Mar 31, 2025
Total (for Top 5) 1.97 260,174
2,349

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