NSE FORCEMOT · BSE 500033 · Auto & Truck Manufacturers · NIFTY 500
Force Motors Share Price
₹17,100.00
▼ −₹288.65 · 1.66%
Day range · 28 Sep
₹17,045.05Low₹17,341.00High
52-week range
₹14,911.45Low · 10 Oct 2025₹26,485.95High · 18 Feb 2026
Force Motors Overview
Where the price stands, how it has moved and how it sits against its averages.
Force Motors shares last traded at ₹17,100.00 on the NSE, down 1.66% on the day. That is 35.4% below the 52-week high of ₹26,485.95 and 14.7% above the 52-week low of ₹14,911.45. The stock trades at 17.80× earnings, below the sector average of 28.59. Its market value is ₹22,286 Cr.
Price returns
1 Day▼ −1.66%
1 Week▼ −2.20%
This month▼ −2.43%
3 Months▼ −7.02%
6 Months▼ −16.22%
This year▼ −16.85%
1 Year▼ −1.51%
Share price growth a year (CAGR): 3 years ▲ +66.4% · 5 years ▲ +63.1% · 10 years ▲ +18.4%
Against the market: 1 Month ▲ +4.67% · 3 Months ▼ −1.35% · 6 Months ▼ −15.17% · This year ▼ −2.50% · 1 Year ▲ +7.53%
Shading grows with the size of the move. We ask our data provider for a newer price every 15 minutes while the market is open (9:15 AM–3:30 PM IST); next check from Fri 16 Oct, 9:15 AM. Its quotes are not real-time — the time at the top shows how current the price is.
Moving averages — price is above 0 of 6
- 300-day average₹19,520.20 ▼ price 12.4% below
- 100-day average₹18,299.02 ▼ price 6.6% below
- 50-day average₹17,789.00 ▼ price 3.9% below
- 20-day average₹17,515.75 ▼ price 2.4% below
- 10-day average₹17,411.30 ▼ price 1.8% below
- 5-day average₹17,328.40 ▼ price 1.3% below
- Today's price₹17,100.00
Each average is the mean closing price over that many trading days; averages above the current price sit higher on the ladder.
Force Motors Financial Results
Revenue and net profit in ₹ crore, with the full statements underneath.
9,057
−124
1,212
Year by year
| Fiscal year | Revenue | Growth | Net profit | Net margin | EPS | Dividend |
|---|---|---|---|---|---|---|
| FY 2026 | ₹9,057 Cr | ▲ +12.2% | ₹1,212 Cr | 13.4% | ₹919.56 | ₹50.00 |
| FY 2025 | ₹8,072 Cr | ▲ +15.4% | ₹801 Cr | 9.9% | ₹607.71 | ₹40.00 |
| FY 2024 | ₹6,992 Cr | ▲ +39.0% | ₹388 Cr | 5.6% | ₹294.54 | ₹20.00 |
| FY 2023 | ₹5,029 Cr | ▲ +55.2% | ₹134 Cr | 2.7% | ₹101.42 | ₹10.00 |
| FY 2022 | ₹3,240 Cr | ▲ +63.0% | −₹91 Cr | −2.8% | −₹69.12 | ₹10.00 |
| FY 2021 | ₹1,988 Cr | ▼ −35.5% | −₹124 Cr | −6.2% | −₹93.83 | ₹5.00 |
| FY 2020 | ₹3,081 Cr | — | ₹50 Cr | 1.6% | ₹38.08 | ₹10.00 |
2,550
2,440
435
217
Quarter by quarter
| Quarter | Revenue | vs prev. qtr | Net profit | Net margin | EPS |
|---|---|---|---|---|---|
| Q1 FY27 | ₹2,440 Cr | ▼ −4.3% | ₹217 Cr | 8.9% | ₹164.36 |
| Q4 FY26 | ₹2,550 Cr | ▲ +19.8% | ₹279 Cr | 10.9% | ₹211.38 |
| Q3 FY26 | ₹2,129 Cr | ▲ +2.3% | ₹406 Cr | 19.1% | ₹308.22 |
| Q2 FY26 | ₹2,081 Cr | ▼ −9.4% | ₹351 Cr | 16.8% | ₹266.14 |
| Q1 FY26 | ₹2,297 Cr | ▼ −2.5% | ₹176 Cr | 7.7% | ₹133.82 |
| Q4 FY25 | ₹2,356 Cr | ▲ +24.7% | ₹435 Cr | 18.5% | ₹329.94 |
| Q3 FY25 | ₹1,889 Cr | ▼ −2.7% | ₹115 Cr | 6.1% | ₹87.52 |
| Q2 FY25 | ₹1,941 Cr | — | ₹135 Cr | 7.0% | ₹102.46 |
Balance sheet — FY26
Owes (liabilities)Shareholders' equity
36%
64%
- Total assets₹6,538 Cr
- Total liabilities₹2,343 Cr
- Shareholders' equity₹4,194 Cr
- Total debt₹0 Cr
- Cash & investments₹1,805 Cr
- Current ratio1.87×
- Revenue growth, 5 yr35.43% a year
- Operating margin (TTM)15.19%
- Net margin (TTM)13.61%
Cash flow — FY26
Operating activities
▲ ₹1,297 Cr
Investing activities
▼ −₹900 Cr
Financing activities
▼ −₹73 Cr
Free cash flow
▲ ₹757 Cr
Net change in cash
▲ ₹324 Cr
Right of the line = cash coming in, left = cash going out. Free cash flow = cash from operations minus capital spending.
Full financial statements, FY20–FY26
| ₹ crore | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| Total revenue | 3,080.52 | 1,988.19 | 3,240.42 | 5,028.98 | 6,992.13 | 8,071.73 | 9,057.05 |
| Cost of revenue | 2,344.48 | 1,581.22 | 2,730.60 | 4,109.22 | 5,361.56 | 6,171.84 | 6,665.20 |
| Gross profit | 736.04 | 406.97 | 509.82 | 919.76 | 1,630.57 | 1,899.89 | 2,391.85 |
| Operating expenses | 3,041.86 | 2,121.16 | 3,359.60 | 4,720.53 | 6,337.54 | 6,846.48 | 7,634.15 |
| Operating income | 38.66 | −132.97 | −119.18 | 308.45 | 654.59 | 1,225.25 | 1,422.90 |
| Depreciation | 194.28 | 173.43 | 190.70 | 240.45 | 266.41 | 279.89 | 285.58 |
| Profit before tax | 42.01 | −175.85 | −129.64 | 272.42 | 605.07 | 1,238.26 | 1,515.71 |
| Tax | −8.26 | −52.31 | −38.65 | 138.68 | 216.86 | 437.40 | 303.96 |
| Net profit | 50.17 | −123.63 | −91.08 | 133.64 | 388.09 | 800.74 | 1,211.63 |
| EPS (₹) | 38.08 | −93.83 | −69.12 | 101.42 | 294.54 | 607.71 | 919.56 |
| Dividend per share (₹) | 10.00 | 5.00 | 10.00 | 10.00 | 20.00 | 40.00 | 50.00 |
| ₹ crore | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| Total assets | 3,097.99 | 3,237.50 | 3,660.95 | 4,013.40 | 4,414.69 | 5,133.98 | 6,537.55 |
| Current assets | 1,027.08 | 881.79 | 1,026.89 | 1,565.17 | 2,045.97 | 2,580.36 | 3,831.62 |
| Cash & short-term investments | 66.40 | 34.72 | 72.10 | 140.37 | 448.16 | 981.55 | 1,805.42 |
| Inventory | 551.52 | 557.82 | 637.13 | 826.55 | 1,163.19 | 1,183.76 | 1,258.01 |
| Property, plant & equipment | 1,335.57 | 1,381.45 | 1,724.50 | 1,642.90 | 1,596.89 | 1,616.20 | 1,709.18 |
| Total liabilities | 1,132.65 | 1,399.67 | 1,913.08 | 2,138.37 | 2,159.55 | 2,100.55 | 2,343.20 |
| Current liabilities | 911.12 | 873.60 | 1,282.61 | 1,509.40 | 1,635.95 | 1,725.24 | 2,044.22 |
| Total debt | 309.75 | 642.44 | 1,068.83 | 954.77 | 524.51 | 17.43 | 0.00 |
| Total equity | 1,965.34 | 1,837.83 | 1,747.87 | 1,875.03 | 2,255.14 | 3,033.43 | 4,194.35 |
| ₹ crore | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| From operations | 409.19 | 7.34 | 18.42 | 531.74 | 1,014.45 | 971.47 | 1,297.09 |
| From investing | −327.39 | −332.63 | −355.74 | −256.47 | −197.50 | −351.23 | −899.84 |
| From financing | −19.73 | 293.45 | 374.77 | −206.85 | −509.19 | −561.84 | −73.40 |
| Capital expenditure | −458.42 | −453.24 | −399.39 | −259.52 | −208.38 | −366.90 | −539.62 |
| Dividends paid | −15.89 | −13.18 | −6.59 | −13.18 | −13.18 | −26.35 | −52.70 |
| Net change in cash | 62.07 | −31.84 | 37.45 | 68.42 | 307.76 | 58.40 | 323.83 |
Force Motors vs Peers
Side by side with other auto & truck manufacturers companies. The small bars compare each column.
| Company | Price | Change | Market cap | P/E | P/B | ROE (5 yr) | Net margin | Div. yield |
|---|---|---|---|---|---|---|---|---|
| Force Motors This stock | ₹17,100.00 | ▼ −1.66% | ₹22,286 Cr | 17.80 | 5.38 | 20.48% | 13.61% | 0.29% |
| Maruti Suzuki India | ₹12,039.70 | ▼ −0.26% | ₹3,78,531 Cr | 29.56 | 4.05 | 14.00% | 8.01% | 1.01% |
| Eicher Motors | ₹7,219.00 | ▼ −1.85% | ₹1,98,177 Cr | 37.39 | 8.27 | 22.11% | 23.56% | 1.08% |
| Hyundai Motor India | ₹2,052.00 | ▼ −2.52% | ₹1,66,733 Cr | 29.82 | 8.09 | 30.35% | 7.68% | 1.05% |
| Tata Motors | ₹432.35 | ▼ −1.95% | ₹1,59,225 Cr | 38.59 | 11.99 | — | 3.61% | 0.96% |
| Ashok Leyland | ₹155.40 | ▼ −2.26% | ₹91,280 Cr | 19.65 | 6.40 | 20.65% | 6.60% | 2.25% |
Peer prices and ratios as last reported by the data provider. Company names link to their own pages.
Force Motors Key Metrics
Each ratio placed against a benchmark — the sector average, the company's own 5-year average, or a common rule of thumb.
Force MotorsBenchmarkRule-of-thumb bands
Valuation The price against earnings, book value and sales
P/E (TTM)Price ÷ yearly earnings per share
17.80
▼ 38% below the sector average of 28.59
P/E, 12-month rangeLow 11.50 · high 27.14
40%
Today's P/E sits 40% of the way from its low to its high
P/BPrice ÷ book value per share
5.38
P/SMarket cap ÷ last 12 months' revenue
2.42
P/CFPrice ÷ cash flow per share
14.83
PEGP/E ÷ earnings growth rate
0.17
Profitability Of every ₹100 of sales, how much is kept?
Gross marginKept after the cost of goods
29.58%
▲ above its 5-yr average of 22.70%
Operating marginKept after running costs
15.19%
▲ above its 5-yr average of 10.78%
Pre-tax marginKept before tax
16.64%
▲ above its 5-yr average of 10.81%
Net marginKept as profit
13.61%
▲ above its 5-yr average of 7.54%
Returns & efficiency How well does it use its money?
Return on equityProfit on shareholders' money
33.53%
▲ above its 5-yr average of 20.48%
Return on assetsProfit on everything it owns
20.76%
▲ above its 5-yr average of 11.05%
Return on investmentProfit on long-term capital
30.69%
▲ above its 5-yr average of 16.87%
Return on capital employedProfit before interest and tax on equity + debt
41.84%
Growth Is the business getting bigger?
Revenue — last 12 months
+8.4%
▲ growing
Revenue — 3 yr, a year
+21.7%
▲ growing
Revenue — 5 yr, a year
+35.4%
▲ growing (off the scale)
Net profit — 3 yr, a year
+108.5%
▲ growing (off the scale)
EPS — last 12 months
+45.3%
▲ growing (off the scale)
EPS — 3 yr, a year
+108.5%
▲ growing (off the scale)
Dividend — 3 yr, a year
+71.0%
▲ growing (off the scale)
Book value — 5 yr, a year
+17.9%
▲ growing
Financial strength Can it pay its bills and debts?
Debt to equityBorrowings for every ₹1 of shareholders' money
0.00×
Current ratioShort-term assets for every ₹1 due within a year
1.87×
Quick ratioLike the current ratio, without inventory
1.26×
Payout ratioShare of profit paid as dividend
5.44%
Per share What each share stands for
EPS (TTM)
₹950.10
Book value
₹3,177.54
Cash flow
₹1,172.59
Dividend
₹50.00
Revenue
₹6,981.92
The share price is 5.38× the book value behind each share.
Benchmarks: sector averages and 5-year averages come from the data provider; the debt and liquidity bands are common rules of thumb, not investment advice.
All 106 metrics from the data provider
Valuation
P/E excluding extraordinary items, most recent fiscal year18.91
Current Dividend Yield - Common Stock Primary Issue, LTM0.29
Price to Book - most recent fiscal year5.46
P/E Basic excluding extraordinary items - TTM19.56
P/E including extraordinary items - TTM18.30
P/E excluding extraordinary items low, trailing 12 months11.50
Price to Tangible Book - most fiscal year6.62
Dividend Yield - 5 Year Average0.34
Price to sales - most recent fiscal year2.53
Dividend Yield - indicated annual dividend divided by closing price0.29
Price to Cash Flow per share - trailing 12 month14.83
Peg Ratio0.17
Price to Free Cash Flow per Share - most recent fiscal year32.51
P/E Normalized, most recent fiscal year21.99
P/E excluding extraordinary items high, trailing 12 months27.14
P/E excluding extraordinary items, most recent fiscal year quarter18.30
Price to sales - trailing 12 month2.49
Net Debt, LFY−18,054.20
Per share
Dividend Per Share - 5 year average26.00
Cash Flow per share - trailing 12 month1,172.59
Cash Flow per share - most recent fiscal year1,136.39
EPS including extraordinary items - trailing 12 month950.10
EPS including extraordinary items - most recent fiscal year919.56
EBITD per share - trailing 12 month1,122.38
Revenue/share - trailing 12 month6,981.92
EPS excluding extraordinary items - trailing 12 month950.10
EPS Basic excluding extraordinary items - most recent fiscal year919.56
EPS Basic excluding extraordinary items - trailing 12 month950.10
Book value per share - most recent fiscal year3,183.26
Dividend per share - most recent fiscal year50.00
Revenue/share - most recent fiscal year6,873.76
EPS Normalized - most recent fiscal year790.76
Book value (tangible) per share - most recent fiscal year2,625.17
Dividends per share - trailing 12 month50.00
EPS excluding extraordinary items - most recent fiscal year919.56
Cash per share - most recent fiscal year1,370.21
Margins
Operating margin - trailing 12 month15.19
Gross Margin - 5 year average22.70
Operating margin - 1st historical fiscal year15.71
Operating Margin - 5 year average10.78
Net Profit Margin % - 1st historical fiscal year13.38
Gross Margin - 1st historical fiscal year26.41
Net Profit Margin % - trailing 12 month13.61
Net Profit Margin - 5 year average7.54
Pretax Margin - 5 year average10.81
Pretax margin - 1st historical fiscal year16.74
Pretax margin - trailing 12 month16.64
Free Operating Cash Flow/Revenue, 5 Year Average6.01
Gross Margin - trailing 12 month29.58
Growth
EPS Change %, TTM over TTM45.33
Revenue growth rate, 5 year35.43
Revenue Change % - most recent quarter 1 year ago6.21
Growth rate% - dividend, 3 year71.00
Growth rate% - EPS, 3 year108.52
Revenue/share (5 yr growth)35.43
Tangible Book Value, Total Equity, 5 Year CAGR22.07
Earnings Before Interest, Taxes, Depreciation & Amortization, 5 Year Interim CAGR72.14
Capital Spending growth rate, 5 year3.55
Revenue Change %, TTM over TTM8.44
Growth rate% - Revenue, 3 year21.67
Book value per share growth rate, 5 year17.94
EPS Change % - most recent quarter 1 year ago22.82
Earnings Before Interest, Taxes, Depreciation & Amortization, 5 Year CAGR105.67
Financial strength
Free Cash Flow - most recent fiscal year7,047.70
LT debt/equity - most recent fiscal year0.00
Quick ratio - most recent fiscal year1.26
Payout ratio - trailing 12 month5.26
Current ratio - most recent fiscal year1.87
Current EV/Free Cash Flow, LFY23.32
Total debt/total equity - most recent fiscal year0.00
Payout ratio - most recent fiscal year5.44
Returns & efficiency
Return on average equity - 5 year average20.48
Net Income/employee - trailing 12 month25,91,018.00
Revenue/employee - most recent fiscal year1,91,23,840.00
Return on investment - most recent fiscal year30.69
Return on average assets - most recent fiscal year20.76
Receivables turnover - most recent fiscal year43.06
Inventory turnover - most recent fiscal year5.46
Revenue/employee - trailing 12 month1,90,39,340.00
Return on average assets - 5 year average11.05
Net Income/employee - most recent fiscal year25,58,594.00
Asset turnover - most recent fiscal year1.55
Return on average equity - most recent fiscal year33.53
Return on investment - 5 year average16.87
Price & volume
Market Cap22,260.19
52 week Low Date10 Oct 2025
Price - 1 Day % Change1.44
Relative (S&P500) price percent change - 13 week−1.35
Avg trading volume last 10 days0.06
Price - 13 week price percent change−5.45
Price - 52 week price percent change−2.09
Avg Trading Volume Last 3 months1.87
Price - 5 Day % Change−0.57
Price % Change Month To Date−0.79
Relative (S&P500) price percent change - 04 week4.67
52 week High Date18 Feb 2026
Price - 26 week price percent change−14.81
PDATE25 Sep 2026
Price - YTD price percent change−15.45
Relative (S&P500) price percent change - 52 week7.53
NPRICE17,388.00
Relative (S&P500) price percent change - 26 week−15.17
52 week Low14,911.00
52 week High26,450.00
Beta1.43
Relative (S&P500) price percent change - Year to Date−2.50
Dividends & Corporate Events
Payouts to shareholders, splits and bonus issues, and company meetings — newest first.
₹50.00
- Dividend yield0.29%
- Payout ratio5.44%
- 5-year average dividend₹26.00 a share
- Latest dividend₹50.00 per share · 9 Sep 2026
Corporate calendar
- BoardOthers
- MeetingAnnual General Meeting
- Dividend₹50.00 per share · 500% · Final dividend
- BoardQuarterly Results
- BoardAudited Results & Dividend
- MeetingPostal Ballot
- BoardQuarterly Results
- BoardQuarterly Results
Show 11 older events
- MeetingAnnual General Meeting
- Dividend₹40.00 per share · 400% · Final dividend
- BoardQuarterly Results
- BoardAudited Results & Dividend
- BoardQuarterly Results
- MeetingAnnual General Meeting
- Dividend₹20.00 per share · 200% · Final dividend
- MeetingAnnual General Meeting
- Dividend₹10.00 per share · 100% · Final dividend
- Dividend₹10.00 per share · 100% · Final dividend
- Dividend₹5.00 per share · 50% · Final dividend
About Force Motors
Auto & Truck Manufacturers
Force Motors Limited is an India-based fully vertically integrated automobile company. It is engaged in the design, development and manufacture of the full spectrum of automotive components, aggregates and vehicles. Its range of products includes light commercial vehicles, multi-utility vehicles, small commercial vehicles and special vehicles. Its commercial vehicles include Urbania, Traveler, Monobus, Trax and special applications. Its special vehicles include the Gurkha. It also offers an electric E-Traveller Smart Citibus EV. Its vehicle business provides a versatile range of solutions for passenger transport, cargo movement, emergency response, and specialized applications. It offers mission-specific solutions like Mobile Medical Units, Police Vans, Prison Vans, Troop Carriers, and Safari Vehicles, customized on the Traveler and Trax platforms for institutional and government use. Urbania is a premium, ground-up modular monocoque van platform designed for shared urban mobility.
Key people
- Abhaykumar Navalmal FirodiaExecutive Chairman of the Board, Managing Director
- Rishi LuharukaPresident, Group Chief Financial Officer
- Rohan SampatCompliance Officer, Company Secretary
- Prasan Abhaykumar FirodiaManaging Director, Executive Director
- Prashant Vijay InamdarExecutive Director - Operations
Company facts
- NSE symbolFORCEMOT
- BSE code500033
- ISININE451A01017
- IndustryAuto & Truck Manufacturers
- IndexNIFTY 500
- Market cap₹22,286 Cr
- Revenue (FY26)₹9,057 Cr
- Net profit (FY26)₹1,212 Cr
In the News
Recent headlines about Force Motors — they open on Mint in a new tab.
- Top Gainers & Losers on 13 August: Apar Industries, Hindalco, Ather Energy, Force Motors, CUB among top losers
Indian stocks slid further, driven down by weak financial participation and high crude oil prices. The Nifty decreased by 0.34% and Sensex by 0.13%, with key sectors like metals and cement seeing significant losses amid ongoing geopolitical tensions.
13 Aug 2026 · 2 min read · Mint ↗
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Frequently Asked Questions
Force Motors (NSE: FORCEMOT) last traded at ₹17,100.00 on the NSE, down 1.66% (₹288.65) on the day, as of 28 Sep 2026. The day's range was ₹17,045.05 – ₹17,341.00.
Force Motors's 52-week high is ₹26,485.95 (18 Feb 2026) and its 52-week low is ₹14,911.45 (10 Oct 2025). At ₹17,100.00 the share is 35.4% below its high and 14.7% above its low.
Force Motors's market capitalisation is ₹22,286 Cr (₹22,286 Cr). It is part of the NIFTY 500 index.
Force Motors's P/E ratio (trailing 12 months) is 17.80. The sector average is 28.59, so investors pay 38% less for each rupee of its earnings than for the average company in its sector. Its earnings per share (TTM) are ₹950.10.
Force Motors shares are down 1.51% over the last year, down 16.85% so far this year, down 16.22% over 6 months, down 7.02% over 3 months. Over the last year the stock did 7.53% better than the market.
In FY26 (year to Mar 2026), Force Motors reported revenue of ₹9,057 Cr (up 12.21% on the year before) and a net profit of ₹1,212 Cr. Earnings per share were ₹919.56.
Yes. Force Motors's latest dividend is ₹50.00 per share (500%, final dividend), with an ex-date of 9 Sep 2026. The dividend yield is 0.29%. It has paid 6 dividends in the records shown on this page.
As of Jun 2026: Promoter 61.63%, FII 9.51%, MF 0.79%, Other 28.07%.
Force Motors's listed peers in Auto & Truck Manufacturers include Maruti Suzuki India, Eicher Motors, Hyundai Motor India, Tata Motors, Ashok Leyland. By market capitalisation it ranks #6 of 6 in this group.
Force Motors is almost debt-free — its debt-to-equity ratio is 0.00 and total debt was ₹0 Cr in FY26.