Force Motors Ltd Stock Price Today (NSE: FORCEMOT)

Force Motors Ltd

17833.001071.00 (5.67%)
Market Closed

Fundamental Score

...

Force Motors Ltd Share Price — Live NSE/BSE Price, Fundamentals & Analysis

Force Motors Ltd share price today is 17833.00, down 5.67% on NSE/BSE as of 19 June 2026. Force Motors Ltd (FORCEMOT) is a Large-cap company in the Passenger Cars & Utility Vehicles sector with a market capitalisation of 24.04K (Cr). The 52-week high for FORCEMOT share price is N/A and the 52-week low is 13535.00. At a P/E ratio of 29.31x, FORCEMOT is currently trading below its industry average P/E of 34.48x. The company has a Return on Equity (ROE) of 20.82% and a debt-to-equity ratio of 0.00.

Force Motors Ltd Share Price Chart — NSE/BSE Historical Performance

No data
High
21460.00
Low
17833.00
Volume
1.3L
Change
-0.87%

Force Motors Ltd share price chart: -0.87% return over the past month. 52-week high ₹N/A, 52-week low ₹13535.00.

Force Motors Ltd — Last 10 Trading Days

DateOpenHighLowCloseVolume
18400.0018500.0017745.0017833.002.59L (Cr)
19536.0019624.0018851.0018904.0098.99K (Cr)
19905.0020098.0019283.0019473.0064.02K (Cr)
19833.0020026.0019670.0019864.0063.85K (Cr)
20214.0020300.0019692.0019833.0078.89K (Cr)
20150.0020850.0020078.0020214.001.44L (Cr)
19475.0020454.0019252.0019878.001.59L (Cr)
19482.0019717.0019302.0019339.001.22L (Cr)
19006.0019182.0018780.0019083.001.04L (Cr)
19650.0019683.0019160.0019206.0090.32K (Cr)

Force Motors Ltd — Last 12 Months Price History

MonthOpenHighLowCloseChange
19536.0019624.0017745.0017833.00-8.72%
20124.0021180.0018780.0019473.00-3.23%
20400.000.000.0019904.00-2.43%
23100.0024325.0019280.0019405.00-16.00%
18710.0026450.0018400.0024341.00+30.10%
20695.0021915.0018130.0019195.00-7.25%
17818.0020974.0016419.0020566.00+15.42%
17860.0019100.0016561.0017818.00-0.24%
16745.0017870.0014911.0017654.00+5.43%
19585.0020240.0016565.0016795.00-14.25%
17010.0021990.0016509.0019477.00+14.50%
16150.0020500.0014177.0016944.00+4.92%

AI Research Briefing

Powered by Gemini · 2026-04-15

Force Motors is a high-momentum play, but brutal competition and governance risks temper enthusiasm.

Research Confidence
6.0/10Moderate
DEBT TRAP TURNAROUND6M: 47.82% [cite: brief] indicates strong upward momentum, but 3M: -6.49% [cite: brief] suggests recent consolidation.P/E of 29.31x is fair compared to the industry P/E of 34.48x [cite: brief].

WHAT'S HAPPENING NOW (last 2-4 weeks)

Force Motors filed a SEBI Regulation 74(5) compliance certificate for the quarter ended March 31, 2026. MUFG Intime confirmed timely demat processing, certificate cancellation and records update. Passenger vehicle sales hit a record 4.64 million units in FY26, with SUV growth leading the way.

CORE STORY (THE REAL GAME)

Force Motors is being priced as a turnaround story, leveraging renewed demand for its commercial vehicles and specialized mobility solutions, particularly the Traveller platform. The market is betting on continued operational efficiency and debt-free status to drive future growth.

Why Now
  • Strong Q3 FY26 results with significant profit surge
  • Zero-debt status indicates financial stability
  • Domestic sales growth in March 2026
Potential Catalysts
  • New order wins in the defense sector
  • Successful acquisition and integration of Veera Tanneries
  • Further expansion of the dealer network
Key Risks
  • Micro-cap exposes it to liquidity risk
  • SEBI seeking additional information on past results
  • Export declines due to geopolitical factors
Institutional Activity

FII increased holdings by 0.5% [cite: brief], indicating positive sentiment, while DII decreased by 0.18% [cite: brief].

Macro Context

Passenger vehicle sales are at a record high, driven by SUV demand, providing a tailwind.

Cash Flow Quality

Free Cash Flow 5Y: ₹929.99 Cr [cite: brief] indicates profit is converting into cash.

3–6 Month Outlook

Expect continued growth in the commercial vehicle segment. Acquisition of Veera Tanneries could provide land for expansion, but integration risks remain.

Primary Thesis Risk

Reliance on specific segments and governance concerns could derail the growth story.

For educational purposes only. Not investment advice. Consult a SEBI-registered advisor before investing.

Returns & Performance

Excellent

Return on Equity (ROE)

20.82%

Profit generated per ₹1 of shareholder equity

Excellent

Return on Capital (ROCE)

29.99%

Returns generated on total capital deployed

Poor

Oper. Profit Margin (5Y Avg)

9.41%

Average operating profit margin over 5 years

Dividend Yield

0.22%

Annual dividend as % of current share price

Force Motors Ltd Valuation Check

Good

Price to Earnings (P/E)

29.31x

Share price ÷ earnings per share. Lower = cheaper

Poor

Industry Avg P/E

34.48x

Average P/E of all peers in this sector

Market-cap Classification
Large-cap
Established & liquid; typically steadier returns.

Shareholding Pattern

Excellent

Promoter Holding

61.63%

% shares held by company founders/management

Good

FII Holding

10.27%

% shares held by foreign institutional investors

Poor

DII Holding

1.48%

% held by domestic mutual funds, LIC, banks

Excellent

Promoter Pledged %

0.00%

% of promoter shares pledged as collateral — lower is safer

Growth Engine

Excellent

Profit Growth (Quarterly YoY)

159.72%

Net profit growth vs same quarter last year

Poor

Revenue Growth (Quarterly YoY)

7.22%

Revenue growth vs same quarter last year

Excellent

Revenue Growth (5-Year CAGR)

21.25%

Compounded annual revenue growth over 5 years

Excellent

EPS Growth (5-Year CAGR)

46.83%

Earnings per share growth over 5 years

Excellent

Net Profit Growth (5-Year CAGR)

46.83%

Compounded annual net profit growth over 5 years

Balance Sheet Health

Excellent

Debt to Equity Ratio

0.00x

Total debt ÷ equity. Below 0.5 = financially healthy

Excellent

Interest Coverage Ratio

90.04x

EBIT ÷ interest expense. Above 2.5 = can pay interest comfortably

Free Cash Flow (5-Year Total)

929.99 (Cr)

Cash left after capex over 5 years. Positive = self-funded growth

Labels (e.g., "Excellent", "Good") are peer-based vs industry/sector averages — data-only, not advice

Force Motors Ltd Fundamental Analysis & Valuation Benchmarking

Educational evaluation of FORCEMOT across key market metrics for learning purposes.

Positive Indicators

11 factors identified

Strong Return on Equity (20.82%)

Observation: Efficient use of shareholders' capital generating superior returns.

Analysis: ROE >15% indicates strong profitability and effective management. This metric suggests the company can generate substantial returns on invested capital.

Excellent ROCE Performance (29.99%)

Observation: Superior returns on capital employed across business operations.

Analysis: ROCE >15% demonstrates efficient capital deployment and strong operational performance.

Robust Profit Growth (159.72%)

Observation: Strong year-over-year profit expansion demonstrates business momentum.

Analysis: Profit growth >20% indicates effective execution and market opportunity capture.

Consistent Growth Track Record (21.25% CAGR)

Observation: Strong 5-year sales compound annual growth rate.

Analysis: Consistent sales CAGR >12% demonstrates sustainable growth model.

Excellent EPS Growth (46.83% CAGR)

Observation: Outstanding 5-year earnings per share compound growth.

Analysis: EPS CAGR >15% indicates strong wealth creation potential.

Strong Profit Growth Track Record (46.83% CAGR)

Observation: Consistent 5-year profit compound annual growth rate.

Analysis: Profit CAGR >15% demonstrates scalable business model.

Debt-Free Balance Sheet (D/E: 0.00)

Observation: Low leverage provides financial flexibility and reduced risk.

Analysis: Conservative debt structure offers resilience during economic downturns.

Strong Interest Coverage (90.04x)

Observation: Earnings comfortably cover interest obligations.

Analysis: Interest coverage >5x indicates low financial distress risk.

Strong Cash Generation (₹929.99 Cr over 5Y)

Observation: Healthy free cash flow generation supports growth and returns.

Analysis: Strong FCF provides flexibility for dividends, debt reduction, and growth investments.

Balanced Promoter Holding (61.63%)

Observation: Optimal balance between promoter control and public float.

Analysis: Promoter holding in 50-75% range provides management alignment.

Zero Share Pledging Risk

Observation: No promoter shares pledged as collateral.

Analysis: Absence of share pledging eliminates potential forced-selling pressure.

Risk Factors

0 factors identified

No significant concerns identified in current analysis.

Force Motors Ltd vs Passenger Cars & Utility Vehicles Peers

Peer Comparison - Passenger Cars & Utility Vehicles

Compare Force Motors Ltd with 7 other companies in the same sector

8 companies
Company Info
Fundamental
Valuation
Profitability
Financial Health
Growth
Dividend
Company
Company name
Score
Bull Run comprehensive fundamental score based on 20+ metrics
Price
Current trading price of the stock
Market Cap
Total value of all shares in the market
P/E
Price per share divided by earnings per share
ROE
Net income divided by shareholder equity
ROCE
Earnings before interest and tax divided by capital employed
Debt/Eq
Total debt divided by total equity
Profit 5Y
Average annual profit growth over 5 years
Sales 5Y
Average annual sales growth over 5 years
Dividend
Annual dividend per share divided by price per share
67.1/100
17833
₹24039.18
29.3
Average
20.82%
Excellent
29.99%
Excellent
0.0
Excellent
46.83%
Excellent
21.25%
Excellent
0.22%
69.6/100
12956
₹506281.69
34.3
Average
15.89%
Good
21.70%
Excellent
0.0
Excellent
34.67%
Excellent
15.11%
Excellent
0.84%
49.6/100
3092
₹465216.84
32.7
Average
18.05%
Good
13.93%
Average
1.5
Average
113.38%
Excellent
16.13%
Excellent
0.68%
59.8/100
1780
₹194685.58
34.7
Average
42.18%
Excellent
54.25%
Excellent
0.1
Excellent
18.46%
Excellent
9.50%
Good
0.88%
58/100
363
₹133944.44
9.9
Average
28.08%
Excellent
19.97%
Good
0.6
Good
37.20%
Excellent
10.99%
Good
1.65%
66.9/100
1205
₹10258.46
71.8
Average
14.27%
Average
20.52%
Excellent
0.3
Excellent
123.40%
Excellent
55.14%
Excellent
0.03%
26.5/100
30
₹759.70
86.1
Average
4.18%
Poor
5.16%
Poor
0.0
Excellent
0.00%
35.9/100
20
₹375.17
54.9
Average
4.02%
Poor
3.16%
Poor
0.0
Excellent
24.66%
Excellent
60.69%
Excellent
0.00%

Force Motors Ltd PE Ratio History

Historical price-to-earnings ratio for FORCEMOT — last 5 years

YearEPS (₹)Price (₹)P/E Ratio
FY 2025607.71₹20566.0033.8x
FY 2024294.54₹6512.5022.1x
FY 2023101.43₹3352.3533.1x

P/E = year-end price ÷ diluted EPS from annual filings. Source: NSE/BSE via Bull Run.

Force Motors Ltd Dividend History

Annual cash dividends paid by FORCEMOT — dividend yield 0.22%

Financial YearDividends Paid (₹ Cr)
FY 202526.35 Cr
FY 202413.18 Cr
FY 202313.18 Cr
FY 20226.59 Cr

Cash dividends from annual cash flow statements. Past dividends do not guarantee future payments. Not investment advice.

Force Motors Ltd Quarterly Performance

Latest quarterly metrics for FORCEMOT — revenue growth and profit growth vs same quarter last year

Revenue Growth (YoY)

7.22%

Latest quarter vs same quarter previous year

Net Profit Growth (YoY)

159.72%

Latest quarter net profit vs same quarter previous year

5-Year Revenue CAGR

21.25%

Compounded annual revenue growth over 5 years

5-Year Profit CAGR

46.83%

Compounded annual net profit growth over 5 years

Force Motors Ltd Technical Indicators

SMA 50, SMA 200, RSI and volume signals for FORCEMOT — calculated from daily price history

41RSI 14
Neutral — RSI 41

Momentum is balanced — neither overbought nor oversold.

SMA 50
NaN
▼ Price below SMA 50 — Short-term bearish
SMA 200
NaN
▼ Price below SMA 200 — Long-term downtrend
30-Day Avg Volume
126K shares/day
Average daily traded volume over last 30 trading sessions

Technical indicators are for educational purposes only. Not investment advice.

Force Motors Ltd Financial Statements

Annual income statement, balance sheet and cash flow for Force Motors Ltd (FORCEMOT) — sourced from NSE/BSE filings.

Loading Financial Statements...

Fetching financial data for Force Motors Ltd

About FORCEMOT (Force Motors Ltd)

Force Motors Ltd is a veteran Indian automotive manufacturer, carving its niche through rugged and reliable vehicles designed for diverse terrains and demanding applications. Their... focus is on producing robust utility vehicles and specialized passenger carriers built to withstand the rigors of Indian roads and challenging operating conditions. Eschewing the mass-market appeal of mainstream brands, Force Motors concentrates on serving specific segments with purpose-built solutions, from spacious people movers ideal for group transportation to durable off-roaders capable of conquering the most unforgiving landscapes. This commitment to practicality and durability, coupled with a strong understanding of the unique needs of Indian consumers, sets Force Motors apart in a competitive automotive landscape. The company’s passenger car and utility vehicle offerings reflect a dedication to functionality over frivolous features. Their vehicles prioritize passenger capacity, payload capability, and dependable performance, appealing to customers seeking value and reliability above all else. Force Motors also emphasizes its engineering expertise in the commercial sector, leveraging this know-how to create passenger vehicles that are both comfortable and capable. While not chasing the latest trends in aesthetics or technology, Force Motors’ designs are thoughtfully executed, incorporating practical elements and ensuring ease of maintenance. This straightforward approach resonates with a customer base that appreciates honest engineering and vehicles built to last. Beyond their core utility and passenger vehicle range, Force Motors has demonstrated a commitment to innovation within specialized segments. By offering adapted vehicles for applications like ambulances and customized transportation solutions, they cater to niche markets with precision and expertise. This adaptability, coupled with a focus on customer-specific requirements, has enabled Force Motors to foster lasting relationships with businesses and organizations across India. Force Motors continuously seeks to refine their designs and integrate appropriate technologies, ensuring they remain relevant and competitive in the ever-evolving Indian automotive market while staying true to their core values of durability, reliability, and customer-centricity.

Company Details

Symbol:FORCEMOT
Industry:Passenger Cars & Utility Vehicles
Sector:Passenger Cars & Utility Vehicles

Key Leadership

Dr. Abhaykumar Navalmal Firodia
Chairman
Mr. Prasan Singh Abhaykumar Firodia
MD & Director
Mr. Prashant Vijay Inamdar
Executive Director of Operations & Executive Director

Corporate Events

Recent
Ex-Dividend Date

FORCEMOT Share Price: Frequently Asked Questions

What is the current share price of Force Motors Ltd?

Force Motors Ltd (FORCEMOT) trades at ₹17833.00 on NSE and BSE. Market cap ₹24.04K (Cr). Educational data only.

What is the P/E ratio of Force Motors Ltd?

Force Motors Ltd has a P/E of 29.31x vs industry average 34.48x.

What is the Bull Run score for Force Motors Ltd?

Force Motors Ltd has a Bull Run score of 67.1/100 based on 25+ financial parameters.

Does Force Motors Ltd pay dividends?

Force Motors Ltd has a dividend yield of 0.22%. Past dividends don't guarantee future payments.

What is the ROE of Force Motors Ltd?

Force Motors Ltd has ROE of 20.82%. Higher ROE indicates better use of shareholder equity.

What is the debt-to-equity ratio of Force Motors Ltd?

Force Motors Ltd has debt-to-equity of 0.00.

Is Force Motors Ltd a good investment?

Bull Run gives Force Motors Ltd a score of 67.1/100. This is not investment advice — consult a SEBI-registered advisor.