What is Force Motors Ltd (FORCEMOT) share price return in the past 10 years?

Force Motors Ltd share price has appreciated 20% annually (CAGR) over the past ten years.

What is the share price of Force Motors Ltd (FORCEMOT)?

Company share prices are keep on changing according to the market conditions. The current trading price of Force Motors Ltd (FORCEMOT) on 05-Jun-2026 16:59:59 at 16:59 is 18243.15.

What is the P/E ratio of Force Motors?

The latest standalone P/E ratio of Force Motors as of 05-Jun-2026 is 20.20.

What is the P/B ratio of Force Motors Ltd (FORCEMOT)?

The latest standalone P/B ratio of Force Motors Ltd (FORCEMOT) as of 05-Jun-2026 is 5.74.

What is the 52-week high and low of Force Motors Ltd (FORCEMOT)?

The 52-week high of Force Motors Ltd (FORCEMOT) is Rs. 26485.95 and the 52-week low is Rs. 12027.15.

Force Motors Ltd (FORCEMOT) Share Analysis – Cycle Position, Quality & Valuation Zone & DeciZen Rating

Name: Force Motors Ltd (FORCEMOT)
Brand: Force Motors

Force Motors Ltd (FORCEMOT)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500033 NSE: FORCEMOT Automobiles-Trucks/Lcv | Small Cap | Force Motors Share Price

Force Motors Ltd (FORCEMOT)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500033 NSE: FORCEMOT Automobiles-Trucks/Lcv | Small Cap | Force Motors Share Price

Key Metrics

Valuation Multiples

Market Cap

₹24,470 Cr.

Current Price

₹18,243.2

52-Week Low / High

₹12,027 / 26,486

TTM EPS

₹919.6

TTM Sales

₹9,057 Cr.

Book Value per Share

₹3,183.3

P/E Ratio

20.20

Higher than its 5-year historical median

Industry PE

31.1

Price to Book (P/B)

5.83

Higher than its 5-year historical median

Price to Sales (P/S)

2.70

Higher than its 5-year historical median

EV/EBITDA

14.83

In line with its 5-year historical median

Dividend Yield

0.44%

Profitability Efficiency

Return on Equity (ROE)

30.29%

Outperforms industry median

Return on Capital Employed (ROCE)

43.36%

Outperforms industry median

Return on Assets (ROA)

16.77%

Operating Profit Margin

13.6%

Net Profit Margin

9.92%

Gross Profit Margin

13.9%

Growth Momentum
1-yr vs 3-yr growth

Sales Growth (1 Year)

Slowing versus 3-year growth rate

15.44%

Operating Profit Growth (1 Year)

Slowing versus 3-year growth rate

20.25%

Net Profit Growth (1 Year)

106.3%

Asset Quality

Promoter Holding

61.63%

Pledged shares (%) of Promoter's holding (%)

0.00%

Reserves

₹4,181 Cr.

Equity

₹13.2 Cr.

Face Value

₹10

All Time Low / High

₹54.50 / 26485.95

Force Motors stock performance

Key Ratios

Check Before You Invest

Quality

Somewhat Good

Check detailed performance

Valuation

Overvalued

Check Valuation charts

Price Trend

Weak

Check Price chart

Q.1 Is Force Motors Ltd a good quality company?

Force Motors Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.

How does Force Motors Ltd performance compare with that of its Peers?

Q.1 Revenue growth of Force Motors Ltd vs industry peers?

Force Motors Ltd revenue CAGR is 21.25%, compared to the industry median CAGR of 21.25%, indicating stable growth and maintaining its market share.

Q.1 Promoter shareholding and pledge status of Force Motors Ltd?

Promoters hold 61.63% of the Force Motors Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Stock return of Force Motors Ltd over the last decade?

Over the last 9 year(s), the stock has delivered a CAGR of 20.2% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	17.9%	14.3%	11.3%	10.2%	3.1%	-6.2%	-3.4%	12.1%	23.8%	43.4%	-
Value Creation Index ⓘ	0.3	0.1	-0.2	-0.3	-0.8	-1.4	-1.2	-0.1	0.8	2.2	-
Growth Parameters ⓘ
Sales ⓘ	3,025	3,069	3,423	3,652	3,081	1,988	3,240	5,029	6,992	8,072	9,057
Sales YoY Gr.	-	1.5%	11.5%	6.7%	-15.7%	-35.5%	63%	55.2%	39%	15.4%	-
Adj EPS ⓘ	136.7	127	114.8	102.7	57.5	-83.5	-80.1	-55.9	291.7	397.7	919.6
YoY Gr.	-	-7.1%	-9.6%	-10.6%	-44.1%	-245.2%	NA	NA	NA	36.4%	-
BVPS (₹) ⓘ	1,130.2	1,265.2	1,366.6	1,466.8	1,491.2	1,394.4	1,326.2	1,422.6	1,711	2,301.5	3,183.3
Adj Net Profit ⓘ	180	167	151	135	75.7	-110	-106	-73.7	384	524	1,212
Cash Flow from Ops. ⓘ	256	471	256	314	409	7.3	18.4	532	1,014	971	-
Debt/CF from Ops. ⓘ	0.1	0.4	0	0.9	0.8	87.5	58	1.8	0.5	0	-

CAGR ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	11.5%	21.3%	35.6%	15.4%
Adj EPS ⓘ	12.6%	47.3%	NA	36.4%
BVPSⓘ	8.2%	9.1%	20.2%	34.5%
Share Price	20%	72.6%	105.1%	46%

Key Financial Parameters ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	12.8	10.6	8.7	7.3	3.9	-5.8	-5.9	-4.1	18.6	19.8	33.5
Op. Profit Mgn % ⓘ	9.1	8.7	8.1	7.6	8.7	1.8	2.1	6.8	13	13.6	16.4
Net Profit Mgn % ⓘ	6	5.5	4.4	3.7	2.5	-5.5	-3.3	-1.5	5.5	6.5	13.4
Debt to Equity ⓘ	0	0.1	0	0.2	0.2	0.4	0.6	0.5	0.2	0	0
Working Cap Days ⓘ	96	115	123	119	137	201	121	93	83	89	64
Cash Conv. Cycle ⓘ	12	7	9	20	22	44	32	20	14	18	29

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	3,025	3,069	3,423	3,652	3,081	1,988	3,240	5,029	6,992	8,072
Operating Expenses ⓘ +	2,751	2,801	3,155	3,374	2,812	1,975	3,173	4,699	6,083	6,979
Manufacturing Costs	152	152	163	162	151	109	135	217	271	264
Material Costs	2,172	2,202	2,558	2,780	2,223	1,494	2,619	3,920	5,124	5,947
Employee Cost	304	350	387	405	407	351	368	422	533	592
Other Costs ⓘ	122	97	48	26	31	21	51	140	155	176
Operating Profit ⓘ	274	268	268	279	269	13	67	330	909	1,093
Operating Profit Margin (%)	9.1%	8.7%	7.8%	7.6%	8.7%	0.7%	2.1%	6.6%	13.0%	13.5%
Other Income ⓘ +	71	85	69	82	43	25	52	62	39	57
Exceptional Items ⓘ	0	1	0	0	-39	0	0	208	0	395
Interest ⓘ	5	6	7	15	28	28	41	68	62	26
Depreciation ⓘ	92	113	129	151	195	174	191	241	267	280
Profit Before Tax ⓘ	249	235	201	190	42	-176	-130	272	605	1,238
Tax ⓘ	70	55	53	47	-8	-52	-39	139	217	437
Profit After Tax	179	180	147	143	50	-124	-91	134	388	801
PAT Margin (%)	5.9%	5.9%	4.3%	3.9%	1.6%	-6.2%	-2.8%	2.7%	5.6%	9.9%
Adjusted EPS (₹)	135.9	136.8	111.8	108.8	38.1	-93.8	-69.1	101.4	294.5	607.5
Dividend Payout Ratio (%)	7.40%	7.30%	9%	9.20%	26.30%	-5.30%	-14.50%	9.90%	6.80%	6.60%

Valuation of Force Motors - Consolidated

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	1,490	1,668	1,801	1,933	1,965	1,838	1,748	1,875	2,255	3,033
Share Capital ⓘ	13	13	13	13	13	13	13	13	13	13
Reserves ⓘ	1,476	1,654	1,788	1,920	1,952	1,825	1,735	1,862	2,242	3,020
Debt +	3	198	0	257	235	524	811	690	382	1
Long Term Debt	3	2	0	206	188	494	601	595	382	1
Short Term Debt	0	196	0	51	47	30	210	95	0	0
Minority Interest	1	2	2	2	2	2	2	2	2	2
Trade Payables	417	485	565	395	580	440	517	745	854	784
Others Liabilities ⓘ	397	240	155	249	309	376	490	696	921	1,313
Total Liabilities ⓘ	2,308	2,592	2,523	2,836	3,091	3,180	3,567	4,008	4,415	5,134
Fixed Assets
Net Fixed Assets ⓘ +	786	905	942	1,210	1,395	1,218	2,028	2,087	2,025	1,962
Gross Block	1,848	2,079	2,194	2,609	2,986	2,915	3,908	4,201	4,400	4,581
Accumulated Depreciation	1,063	1,173	1,252	1,399	1,591	1,697	1,880	2,113	2,375	2,619
CWIP ⓘ	205	220	369	372	445	725	302	154	171	287
Investments ⓘ	8	9	10	23	78	100	111	97	91	103
Inventories	548	438	477	504	552	558	637	827	1,163	1,184
Trade Receivables	150	115	242	167	169	126	189	197	104	174
Cash Equivalents	319	236	43	5	69	37	75	141	449	507
Others Assets ⓘ	293	670	440	556	385	416	225	505	412	916
Total Assets ⓘ	2,308	2,592	2,523	2,836	3,091	3,180	3,567	4,008	4,415	5,134

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	256	471	256	314	409	7	18	532	1,014	971
PBT ⓘ	249	235	201	190	42	-176	-130	272	605	1,238
Adjustment ⓘ	73	96	118	151	213	231	246	454	337	301
Changes in Working Capital ⓘ	-28	200	-35	21	171	-46	-100	-191	224	-348
Tax Paid ⓘ	-38	-60	-28	-47	-16	-3	2	-3	-152	-220
Cash Flow From Investing Activity ⓘ +	-210	-621	-81	-606	-327	-333	-356	-256	-198	-351
Capex	-237	-234	-318	-497	-458	-452	-334	-258	-205	-365
Net Investments	0	-400	200	-123	109	110	-22	0	0	-3
Others ⓘ	27	14	38	15	22	10	0	1	7	17
Cash Flow From Financing Activity ⓘ +	-37	180	-223	256	-20	293	375	-207	-509	-562
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-6	-6	-7	-14	-28	-28	-48	-72	-65	-28
Dividend Paid ⓘ	-24	0	-13	-13	-13	-13	-7	-13	-13	-26
Others ⓘ	-8	187	-203	283	21	335	429	-121	-431	-508
Net Cash Flow ⓘ	9	30	-47	-35	62	-32	37	68	308	58

Financial Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	12.75	11.41	8.49	7.68	2.58	-6.5	-5.08	7.38	18.8	30.29
ROCE (%)	17.86	14.29	11.3	10.22	3.11	-6.21	-3.35	12.07	23.79	43.36
Asset Turnover Ratio	1.6	1.43	1.38	1.36	1.04	0.63	0.96	1.33	1.66	1.69
PAT to CFO Conversion(x)	1.43	2.62	1.74	2.2	8.18	N/A	N/A	3.97	2.61	1.21
Working Capital Days
Receivable Days	13.70	13.90	18.50	20.40	19.90	27.10	17.80	14	7.90	6.30
Inventory Days	49.70	51.40	47.40	49	62.50	101.80	67.30	53.10	51.90	53.10
Payable Days	68.10	74.80	74.90	63	80.10	124.70	66.70	58.70	57	50.30

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Force Motors Ltd FAQs

The current trading price of Force Motors on 05-Jun-2026 16:59 is ₹18,243.2.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 04-Jun-2026 the market cap of Force Motors stood at ₹24,470.2 Cr

The latest P/E ratio of Force Motors as of 04-Jun-2026 is 20.20.

The latest P/B ratio of Force Motors as of 04-Jun-2026 is 5.74.

The 52-week high of Force Motors is ₹26,486 and the 52-week low is ₹12,027.2.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Force Motors is ₹9,057 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Force Motors Ltd is a average quality company.

The key valuation ratios of Force Motors Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Force Motors Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Force Motors Ltd

Force Motors was established in 1958 by N. K. Firodia, with the vision to provide affordable commercial transport for the masses by harnessing the best available technology and offering economical, reliable and efficient products. Currently, its range includes Small Commercial Vehicles (SCV), Multi-Utility Vehicles (MUV), Light Commercial Vehicles (LCV), Special Utility Vehicles (SUV) and Agricultural Tractors.

Force Motors is fully vertically integrated, making its own engines, chassis, gear boxes, axles, bodies etc. for the entire product range. It provides appropriate solutions for transport - both goods, as well as passenger - rugged, reliable and efficient transport solutions for every need - rural or urban, long distance or local, over good roads or bad tracks. The company continues in the founder's vision of providing efficient, utilitarian vehicles that empower the individual entrepreneur to meet his and the country's ever changing needs.

Business area of the company

The company is a fully vertically integrated automobile company, with expertise in design, development and manufacture of the full spectrum of automotive components, aggregates and vehicles. The company's product range includes Tractors, Three wheelers, Light commercial vehicles, Multi Utility Vehicles and Heavy commercial vehicles.

Company’s brands

Traveller Monobus
Traveller
Trax
Gurkha
Balwan
Kargo King

Milestones

1958: Production of Tempo 3 Wheeler ‘Hanseat’
1964: Production of Viking Petrol LCV
1972: Production of Metador Diesel LCV
1987: Production of Tempo Traveller
1997: production of Engines for MBIL & Technical Collaboration with ZF for tractor transmission
2003: Collaboration for production of trucks and busses
2004: Technical collaboration for manufacturing of heavy gear boxes
2015: Production of BMW Engines
2016: Production of Mercedes Engines
2018: Joint Venture with Rolls Royce Power system for the production of series 1600 engines
2019: Force Motors launched Gurkha Xtreme
2019: Force Traveller Citibuses Inducted Into BEST Fleet
2020: Force Motors invests Rs 1,000 crore on 11-18 seater LCV platform
2020: Force Motors invests Rs 1,000 crore on next gen platform

Force Motors Ltd (FORCEMOT)

Force Motors Ltd (FORCEMOT)

Force Motors stock performance

Check Before You Invest

Quality

Valuation

Price Trend

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Value Creation ⓘ

Growth Parameters ⓘ

CAGR ⓘ

Key Financial Parameters ⓘ

Profit And Loss

Valuation of Force Motors - Consolidated

Price Calculator

Price Chart

Price to Earnings

Price to Sales

Price to Book

EV to EBITDA

Dividend History

Analyst's Notes

Balance Sheet

Equity and Liabilities

Fixed Assets

Cash Flow

Financial Ratio

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Force Motors Ltd FAQs

About Force Motors Ltd

About MoneyWorks4Me

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Force Motors Ltd (FORCEMOT)

Force Motors Ltd (FORCEMOT)

Force Motors stock performance

Check Before You Invest

Quality

Valuation

Price Trend

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Value Creation ⓘ

Growth Parameters ⓘ

CAGR ⓘ

Key Financial Parameters ⓘ

Profit And Loss

Valuation of Force Motors - Consolidated

Price Calculator

Price Chart

Price to Earnings

Price to Sales

Price to Book

EV to EBITDA

Dividend History

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

Balance Sheet

Equity and Liabilities

Fixed Assets

Cash Flow

Financial Ratio

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Force Motors Ltd FAQs

What is the share price of Force Motors?

What is the market cap of Force Motors?

What is the P/E ratio of Force Motors?

What is the P/B ratio of Force Motors?

What is the 52-week high and low of Force Motors?

What is the TTM revenue of Force Motors?

Is Force Motors Ltd a good quality company?

Is Force Motors Ltd undervalued or overvalued?

Is Force Motors Ltd a good buy now?

About Force Motors Ltd

About MoneyWorks4Me

Our Vision

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.