Force Motors Ltd Stock Analysis

BSE: 500033 | NSE: FORCEMOT | Automobiles-Trucks/Lcv | Small Cap

BSE Share Price 31-Jan-2023 18:03
1446.20 0.00 (0.00%)

DeciZen - Make an Informed Decision on Force Motors

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Force Motors Price Chart

P/E Ratio ( CD) :
0.00
Market Cap :
1,905.6 Cr.
52-wk low :
918.9
52-wk high :
1,623
Bole Toh?

1. Is Force Motors Ltd a good quality company?

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

2. Is Force Motors Ltd undervalued or overvalued?

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

3. Is Force Motors Ltd a good buy now?

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

10 Year X-Ray of Force Motors:

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Force Motors Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 2.2%7%7.5%12.9%10.1%8.5%7.3%4.2%-3.8%-2.9%-
Value Creation Index -0.8-0.5-0.5-0.1-0.3-0.4-0.5-0.7-1.3-1.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,9732,0222,3643,0253,0693,4233,6523,0811,9883,2403,894
YoY Gr. Rt. %-2.5%16.9%28%1.5%11.5%6.7%-15.7%-35.5%63%-
Adj EPS 10.759.970.1136126.3114.8102.757.5-83.5-80.1-63
YoY Gr. Rt. %-460.8%17.1%94%-7.1%-9.2%-10.5%-44.1%-245.2%NA-
BVPS (₹) 876.2931.71,000.81,130.21,265.21,366.61,466.81,491.21,394.41,326.21,324.3
Adj Net Profit 14.178.992.417916615113575.7-110-106-83
Cash Flow from Ops. 861162262564712563144097.317.9-
Debt/CF from Ops. 0.50.20.10.10.400.90.887.559.6-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 5.7%1.1%-3.9%63%
Adj EPS -225.1%-191.3%-192.1%NA
BVPS 4.70.9-3.3-4.9
Share Price 12.7% -14% 6.1% 20.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 1.96.67.312.810.68.77.33.9-5.8-5.9-4.8
Op. Profit Mgn % 2.856.29.18.78.17.68.71.82.13.4
Net Profit Mgn % 0.73.93.965.54.43.82.7-5.5-3.3-2.1
Debt to Equity 00000.100.20.20.40.60.3
Working Cap Days 1281451229611512311913720112195
Cash Conv. Cycle 1827141279202244320

Recent Performance Summary

Sales growth is good in last 4 quarters at 46.64%

Return on Equity is Poor

Sales growth has been subdued in last 3 years -3.91%

Latest Financials - Force Motors Ltd.

Standalone Consolidated
TTM EPS (₹) -55 -63
TTM Sales (₹ Cr.) 3,894 3,894
BVPS (₹.) 1,357.5 1,324.3
Reserves (₹ Cr.) 1,776 1,732
P/BV 1.07 1.09
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 918.85 / 1622.95
All Time Low / High (₹) 54.50 / 4839.00
Market Cap (₹ Cr.) 1,906
Equity (₹ Cr.) 13.2
Face Value (₹) 10
Industry PE 120.4

Management X-Ray of Force Motors :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Force Motors

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Force Motors Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Force Motors on 31-Jan-2023 18:03 is : 1,446.2.
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 31-Jan-2023 18:03 the market cap of Force Motors stood at ₹ 1,905.6.
The latest PE ratio of Force Motors as of 31-Jan-2023 18:03 is 0.00.
The latest PB ratio of Force Motors as of 31-Jan-2023 18:03 is 1.07
The 52-week high of Force Motors is ₹ 1,623 and the 52-week low is ₹ 918.9.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Force Motors is ₹ 3,894 ( Cr.) .

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
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