FORCEMOT
FORCE MOTORS LTD (FORCEMOT) Stock Analysis
FORCE MOTORS LTD is an Indian automotive company manufacturing commercial vehicles, vans, and engines. It supplies light commercial vehicles and powertrains to commercial fleet operators. The company has engineering ties with global automotive partners. It is listed on Indian stock exchanges.
Consumer Cyclical › Auto Manufacturers
₹16,900.00
+0.60% 1W | +7.40% 52W
Market Cap
22.3k CR
P/E Ratio
17.8
52W High
₹26450
52W Low
₹14911
Div. Yield
0.3%
Beta
0.7
50 DMA
₹17689.1
200 DMA
₹19630.4
Profit Margin
13.6%
Inst. Own.
6.2%
🔥 APPROACHING RESISTANCE
🔥 APPROACHING RESISTANCE
Fundamentals
Profit & Loss
| Metric | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,488 | 1,802 | 1,692 | 2,011 | 1,885 | 1,941 | 1,889 | 2,356 | 2,297 | 2,081 | 2,129 | 2,550 | 2,440 |
| Expenses | 1,310 | 1,581 | 1,477 | 1,733 | 1,640 | 1,664 | 1,658 | 2,027 | 1,974 | 1,719 | 1,755 | 2,136 | 2,112 |
| Operating Profit | 177 | 221 | 215 | 279 | 245 | 277 | 232 | 329 | 323 | 363 | 374 | 414 | 328 |
| OPM % | 12% | 12% | 13% | 14% | 13% | 14% | 12% | 14% | 14% | 17% | 18% | 16% | 13% |
| Other Income | 11 | 9 | 4 | 18 | 15 | 9 | 20 | 418 | 25 | 26 | 241 | 39 | 43 |
| Interest | 18 | 16 | 14 | 14 | 9 | 5 | 4 | 7 | 0 | 0 | 0 | 3 | 0 |
| Depreciation | 63 | 67 | 68 | 68 | 69 | 69 | 71 | 72 | 70 | 71 | 73 | 72 | 77 |
| Profit before tax | 107 | 147 | 137 | 214 | 182 | 211 | 177 | 668 | 278 | 317 | 543 | 378 | 293 |
| Tax % | 36% | 36% | 37% | 35% | 36% | 36% | 35% | 35% | 36% | -11% | 25% | 26% | 26% |
| Net Profit | 69 | 94 | 85 | 140 | 116 | 135 | 115 | 435 | 176 | 351 | 406 | 279 | 217 |
| EPS in Rs | 52.06 | 71.24 | 64.81 | 106.45 | 87.81 | 102.47 | 87.51 | 329.92 | 133.82 | 266.14 | 308.21 | 211.38 | 164.36 |
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,364 | 3,025 | 3,069 | 3,423 | 3,652 | 3,081 | 1,988 | 3,240 | 5,029 | 6,992 | 8,072 | 9,057 | 9,200 |
| Expenses | 2,217 | 2,751 | 2,801 | 3,155 | 3,378 | 2,820 | 1,964 | 3,190 | 4,716 | 6,096 | 6,973 | 7,573 | 7,721 |
| Operating Profit | 147 | 274 | 268 | 268 | 275 | 261 | 24 | 50 | 313 | 897 | 1,099 | 1,484 | 1,479 |
| OPM % | 6% | 9% | 9% | 8% | 8% | 8% | 1.2% | 1.6% | 6% | 13% | 14% | 16% | 16% |
| Other Income | 66 | 71 | 86 | 69 | 82 | 3 | 2 | 52 | 268 | 37 | 446 | 321 | 349 |
| Interest | 7 | 5 | 6 | 7 | 15 | 28 | 28 | 41 | 68 | 62 | 26 | 3 | 3 |
| Depreciation | 81 | 92 | 113 | 129 | 151 | 195 | 174 | 191 | 241 | 267 | 280 | 286 | 293 |
| Profit before tax | 125 | 249 | 235 | 201 | 190 | 42 | -176 | -130 | 272 | 605 | 1,238 | 1,516 | 1,531 |
| Tax % | 19% | 28% | 23% | 27% | 25% | -20% | -30% | -30% | 51% | 36% | 35% | 20% | |
| Net Profit | 102 | 179 | 180 | 147 | 143 | 50 | -124 | -91 | 134 | 388 | 801 | 1,212 | 1,252 |
| EPS in Rs | 77.06 | 135.77 | 136.68 | 111.66 | 108.78 | 38.08 | -93.83 | -69.12 | 101.42 | 294.54 | 607.71 | 919.55 | 950.09 |
| Dividend Payout % | 6% | 7% | 7% | 9% | 9% | 26% | -5% | -14% | 10% | 7% | 7% | 5% |
Growth — CAGR
| Metric | 3Y | 5Y | 10Y |
|---|---|---|---|
| Revenue CAGR | 22.0% | 35.0% | 12.0% |
| Profit CAGR | 209.0% | 62.0% | 18.0% |
Shareholding Pattern
Promoters61.63%
FIIs9.77%
DIIs1.66%
Public26.94%
Promoters61.63%
FIIs10.27%
DIIs1.48%
Public26.63%
Promoters61.63%
FIIs10.46%
DIIs1.80%
Public26.12%
Promoters61.63%
FIIs10.93%
DIIs1.75%
Public25.69%
Promoters61.63%
FIIs9.51%
DIIs1.46%
Public27.39%
Promoters61.63%
FIIs2.72%
DIIs2.32%
Public33.33%
Promoters61.63%
FIIs6.34%
DIIs0.86%
Public31.16%
Promoters61.63%
FIIs8.36%
DIIs1.43%
Public28.58%
Promoters61.63%
FIIs10.93%
DIIs1.75%
Public25.69%
Promoters61.63%
FIIs9.51%
DIIs1.46%
Public27.39%
FORCEMOT
Holdings Analysis
Key strengths & risk signals
67
Overall
78
Fundamental
57
Technical
Risks (4)
NEGLIGIBLE DIVIDEND! 0.3% yield - little to no income.
WEAK POSITION! Current price (16900.0) is below both moving averages.
WEAK! Trading at 17.2% of 52W range - near yearly lows.
POSITIVE YEAR! Stock gained 7.4% in the last year.
Strengths (4)
UNDERVALUED! PEG of 0.16 indicates stock is cheap relative to growth.
LOW VOLATILITY! Beta of 0.70 - stable stock, less market risk.
BULLISH SENTIMENT! In last 30 days: 11 up days, 18 down days. Avg volume on up days: 80,593 vs down days: 62,157. Ratio: 1.3x
NEUTRAL! RSI at 44.1 - balanced momentum.
Fundamental & Technical Analysis
67Overall
78Fundamental
57Technical
Fundamental Breakdown
Growth Quality
30/30
Revenue CAGR: 21.7% (EXCELLENT, 15/15). Profit CAGR: 108.5% (EXCELLENT, 15/15).
Profit Margin
5/10
DECENT EFFICIENCY! 13.6% profit margin - acceptable profitability.
PEG Valuation
10/10
UNDERVALUED! PEG of 0.16 indicates stock is cheap relative to growth.
Dividend Yield
3/10
NEGLIGIBLE DIVIDEND! 0.3% yield - little to no income.
Debt to Equity
10/10
VERY LOW DEBT! D/E of 0.00 - excellent financial health.
Public Holding
10/20
SIGNIFICANT PUBLIC HOLDING! 32.77% public ownership - moderate retail influence.
Stability Index
10/10
PERFECT RECORD! Revenue has grown consistently every year. Exceptional business stability.
Technical Breakdown
Moving Averages
5/10
BEARISH TREND! 50-day average (17689.1) is below 200-day average (19630.4) - negative signal.
Price Position
2/10
WEAK POSITION! Current price (16900.0) is below both moving averages.
Trend Pattern
10/20
AT RESISTANCE! Stock is at key resistance level.
52W Performance
4/10
POSITIVE YEAR! Stock gained 7.4% in the last year.
Volume Sentiment
25/30
BULLISH SENTIMENT! In last 30 days: 11 up days, 18 down days. Avg volume on up days: 80,593 vs down days: 62,157. Ratio: 1.3x
RSI
3/5
NEUTRAL! RSI at 44.1 - balanced momentum.
52W Range
1/5
WEAK! Trading at 17.2% of 52W range - near yearly lows.
Momentum
2/5
WEAK MOMENTUM! Limited price growth - 0.6% (1 week), -2.6% (1 month), -7.0% (3 months).
Beta
5/5
LOW VOLATILITY! Beta of 0.70 - stable stock, less market risk.
Peer Comparison
Consumer Cyclical · Auto Manufacturers · 8 stocks
| Stock | Price | P/E | Profit Margin | Revenue CAGR 5Y | Profit CAGR 5Y | 52W Change | Stock Strength | Trendline | YoY Profit | QoQ Profit | YoY Revenue | QoQ Revenue |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FORCEMOT | ₹16,900.00 | 17.8 | 13.6% | 21.7% | 108.5% | +7.4% | 67 | APPROACHING RESISTANCE | +22.9% | -22.2% | +6.2% | -4.3% |
| ATHERENERG | ₹1,434.40 | – | -9.2% | 27.2% | – | +136.4% | 65 | BREAKDOWN | -71.3% | -49.0% | +88.8% | +3.6% |
| HEROMOTOCO | ₹4,895.50 | 18 | 10.7% | 11.7% | 26.9% | -11.7% | 66 | BREAKDOWN | -17.2% | -3.3% | +34.9% | +1.1% |
| TMPV | ₹279.90 | – | 22.8% | -0.9% | 224.4% | -58.4% | 52 | BREAKDOWN | -80.2% | -86.6% | +8.8% | -9.6% |
| TMCV | ₹410.30 | 36 | 4.8% | -56.0% | -69.3% | +25.4% | 52 | APPROACHING RESISTANCE | +83.2% | +42.8% | +19.7% | -20.8% |
| HYUNDAI | ₹1,940.00 | 31.8 | 7.0% | 5.5% | 4.9% | -19.3% | 63 | BOUNCE FROM SUPPORT | -35.1% | -29.2% | -0.5% | -12.7% |
| TVSMOTOR | ₹3,866.80 | 53.6 | 5.7% | 20.2% | 31.5% | +10.0% | 68 | BREAKDOWN | +67.1% | +32.1% | +33.5% | +8.3% |
| EICHERMOT | ₹7,050.00 | 33.5 | 23.2% | 17.5% | 23.7% | -2.8% | 71 | BREAKDOWN | +21.3% | -3.8% | +31.2% | +8.9% |
Data from TradeAlone · Updated daily
