FORCE MOTORS LTD
FORCE MOTORS LTD operates in Passenger Cars & Utility Vehicles, part of the Automobile and Auto Components sector. It booked ₹2,925 cr of revenue in its latest quarter (Q2 FY27) and kept 10.0% of sales as profit. It is the 5th largest of 7 Passenger Cars & Utility Vehicles companies we track, by market value.
Healthier than 82% of companies in Automobile and Auto Components, on the 5 of 6 measures we could read for it. Each measure is ranked against the 48–52 companies that reported it.
Measures financial condition, not whether to buy. Learn what this score means · How this is calculated
- RSI (14)
- 58
At close. Not part of the score.
How much profit it earns on the money it employs
How much it owes, and whether earnings cover the interest
Whether reported profit actually arrives as cash
What today's price implies, against our models or its peers
How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure
Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.
What if I invest in FORCEMOT?
Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.
The slider starts at 0%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.
P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.
An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.
| Revenue from Operations | ₹2,925 cr |
| Other Income | ₹43 cr |
| Total Income | ₹2,967 cr |
| Cost of Materials | ₹2,176 cr |
| Purchases of Stock-in-Trade | ₹0 cr |
| Inventory Change (±) | ₹-48 cr |
| Employee Benefit Expense | ₹199 cr |
| Finance Costs | ₹2 cr |
| Depreciation & Amortisation | ₹82 cr |
| Other Expenses | ₹164 cr |
| Total Expenses | ₹2,575 cr |
| Profit before Tax | ₹393 cr |
| Tax Expense | ₹102 cr |
| Share of JV / Associates | ₹3 cr |
| Net Profit | ₹294 cr |
| Net margin on total income | 9.9% |
| Metric | Q4 FY26 | Q1 FY27 | Q2 FY27 |
|---|---|---|---|
| Revenue | 2,550 cr | 2,440 cr | 2,925 cr |
| Total income | 2,584 cr | 2,478 cr | 2,967 cr |
| Expenses | 2,210 cr | 2,190 cr | 2,575 cr |
| Profit before tax | 373 cr | 288 cr | 393 cr |
| Tax | 100 cr | 77 cr | 102 cr |
| Net profit (owners' share) | 279 cr | 217 cr | 294 cr |
| Net margin (owners' share, on revenue) | 10.9% | 8.9% | 10.0% |
| EPS (₹) | 211.37 | 164.36 | 223.03 |
| Company | Price | Market cap | P/E | ROE | Net margin | 1-yr return |
|---|---|---|---|---|---|---|
| Maruti Suzuki India Limited | ₹11,869 | ₹3.73 L cr | 37.8 | 9.0% | 4.6% | — |
| Mahindra & Mahindra Limited | ₹2,908 | ₹3.25 L cr | 14.9 | 23.4% | 9.4% | — |
| Hyundai Motor India Limited | ₹2,030 | ₹1.65 L cr | 34.5 | 23.5% | 5.8% | — |
| Tata Motors Passenger Vehicles Limited | ₹277 | ₹1.02 L cr | 32.9 | 2.8% | 0.8% | — |
| FORCE MOTORS LTDthis company | ₹17,787 | ₹23,443 cr | 19.9 | 25.3% | 10.0% | — |
| Olectra Greentech Limited | ₹1,009 | ₹8,280 cr | 79.8 | 8.5% | 4.5% | — |
| Mercury Ev-Tech Limited | ₹33 | ₹628 cr | 103.4 | 2.2% | 5.2% | — |
| Action | Detail | Ex-date |
|---|---|---|
| Dividend | ₹50 / share | 9 Sep 2026 |
| Dividend | ₹40 / share | 10 Sep 2025 |
| Dividend | ₹20 / share | 28 Aug 2024 |
| Dividend | ₹10 / share | 21 Sep 2023 |
| Dividend | ₹10 / share | 20 Sep 2022 |
| Dividend | ₹5 / share | 20 Sep 2021 |
A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.
Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.
Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.
The company also transacted with 5 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.
Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.