Force Motors Ltd-$
Force Motors Ltd-$ (FORCEMOT) last reported results for the quarter ended Jun 2026, with sales of ₹2,440 crore and net profit of ₹217 crore. The next scheduled event is an EGM on 26 Oct 2026. The stock last traded at ₹16,900, a market capitalisation of ₹22,263 crore, on a P/E of 20.2. Over the past 52 weeks the stock has ranged between ₹14,911 and ₹26,486. Figures are as of 9 Oct 2026 and are not real time.
Force Motors Ltd-$ share price and key metrics
- Current price
- ₹16,900
- Market cap
- ₹22,263 cr
- Stock P/E
- 20.2
- Book value
- ₹3,183
- ROE
- 26.1%
- ROCE
- 36.0%
- Dividend yield
- 0.30%
- 52w high / low
- 26486/14911
Metrics as of 9 Oct 2026. Not real time.
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Force Motors Ltd-$ growth and returns
- 10 Years
- 12%
- 5 Years
- 35%
- 3 Years
- 22%
- TTM
- 8%
- 10 Years
- 18%
- 5 Years
- 62%
- 3 Years
- 209%
- TTM
- 82%
- 10 Years
- 16%
- 5 Years
- 62%
- 3 Years
- 62%
- 1 Year
- 10%
- 10 Years
- 10%
- 5 Years
- 13%
- 3 Years
- 19%
- Last Year
- 26%
Force Motors Ltd-$ quarterly results
In the quarter ended Jun 2026, sales were ₹2,440 cr, up 6.2% from ₹2,297 cr a year earlier. Net profit was ₹217 cr, up 23.3% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,941 | 1,889 | 2,356 | 2,297 | 2,081 | 2,129 | 2,550 | 2,440 |
| Expenses | 1,664 | 1,658 | 2,027 | 1,974 | 1,719 | 1,755 | 2,136 | 2,112 |
| Operating profit | 277 | 232 | 329 | 323 | 363 | 374 | 414 | 328 |
| OPM % | 14% | 12% | 14% | 14% | 17% | 18% | 16% | 13% |
| Other income | 9 | 20 | 418 | 25 | 26 | 241 | 39 | 43 |
| Interest | 5 | 4 | 7 | 0 | 0 | 0 | 3 | 0 |
| Depreciation | 69 | 71 | 72 | 70 | 71 | 73 | 72 | 77 |
| Profit before tax | 211 | 177 | 668 | 278 | 317 | 543 | 378 | 293 |
| Tax % | 36% | 35% | 35% | 36% | -11% | 25% | 26% | 26% |
| Net profit | 135 | 115 | 435 | 176 | 351 | 406 | 279 | 217 |
| EPS (₹) | 102.47 | 87.51 | 329.92 | 133.82 | 266.14 | 308.21 | 211.38 | 164.36 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Force Motors Ltd-$ annual results
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,069 | 3,423 | 3,652 | 3,081 | 1,988 | 3,240 | 5,029 | 6,992 | 8,072 | 9,057 | 9,200 |
| Operating profit | 268 | 268 | 275 | 261 | 24 | 50 | 313 | 897 | 1,099 | 1,484 | 1,479 |
| OPM % | 9% | 8% | 8% | 8% | 1.2% | 1.6% | 6% | 13% | 14% | 16% | 16% |
| Net profit | 180 | 147 | 143 | 50 | -124 | -91 | 134 | 388 | 801 | 1,212 | 1,252 |
| EPS (₹) | 136.68 | 111.66 | 108.78 | 38.08 | -93.83 | -69.12 | 101.42 | 294.54 | 607.71 | 919.55 | 950.09 |
TTM is the trailing twelve months to the most recent quarter.
Force Motors Ltd-$ balance sheet
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 |
| Reserves | 1,654 | 1,788 | 1,920 | 1,952 | 1,825 | 1,735 | 1,862 | 2,242 | 3,020 | 4,181 |
| Borrowings | 199 | 0 | 286 | 310 | 642 | 1,069 | 955 | 524 | 17 | 0 |
| Other liabilities | 738 | 722 | 617 | 823 | 757 | 844 | 1,184 | 1,635 | 2,083 | 2,343 |
| Total liabilities | 2,604 | 2,523 | 2,836 | 3,098 | 3,238 | 3,661 | 4,013 | 4,415 | 5,134 | 6,538 |
| Fixed assets | 911 | 948 | 1,216 | 1,400 | 1,224 | 2,033 | 2,094 | 2,031 | 1,969 | 1,921 |
| CWIP | 220 | 369 | 372 | 445 | 725 | 302 | 154 | 171 | 287 | 536 |
| Investments | 9 | 10 | 23 | 78 | 100 | 111 | 97 | 91 | 103 | 98 |
| Other assets | 1,463 | 1,196 | 1,225 | 1,175 | 1,189 | 1,215 | 1,668 | 2,121 | 2,775 | 3,981 |
| Total assets | 2,604 | 2,523 | 2,836 | 3,098 | 3,238 | 3,661 | 4,013 | 4,415 | 5,134 | 6,538 |
As reported by the company. Total assets equal total liabilities by construction.
Force Motors Ltd-$ cash flow
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 471 | 256 | 314 | 409 | 7 | 18 | 532 | 1,014 | 1,546 | 1,297 |
| Cash from investing | -621 | -81 | -606 | -327 | -333 | -356 | -256 | -198 | -926 | -900 |
| Cash from financing | 180 | -223 | 256 | -20 | 293 | 375 | -207 | -509 | -562 | -73 |
| Net cash flow | 30 | -47 | -35 | 62 | -32 | 37 | 68 | 308 | 58 | 324 |
| Free cash flow | 236 | -62 | -183 | -49 | -445 | -315 | 274 | 810 | 1,181 | 761 |
| CFO / operating profit | 198% | 106% | 131% | 163% | 41% | 32% | 171% | 130% | 161% | 116% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
Force Motors Ltd-$ operating ratios
| Per year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 14% | 11% | 10% | 5% | -5% | -3% | 5% | 24% | 30% | 36% |
| Debtor days | 14 | 26 | 17 | 20 | 23 | 21 | 14 | 5 | 8 | 8 |
| Inventory days | 73 | 68 | 66 | 91 | 136 | 89 | 77 | 83 | 73 | 72 |
| Days payable | 80 | 81 | 52 | 95 | 108 | 72 | 69 | 61 | 48 | 59 |
| Cash conversion cycle | 6 | 13 | 31 | 15 | 52 | 38 | 22 | 27 | 32 | 20 |
| Working capital days | 30 | 43 | 43 | 6 | -5 | -37 | -6 | -2 | 16 | 39 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
Force Motors Ltd-$ shareholding pattern
Promoters held 61.63% at Jun 2026, broadly unchanged since Jun 2025. FIIs 9.51% and DIIs 1.46%.
| % held | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 61.63% | 61.63% | 61.63% | 61.63% | 61.63% | 61.63% | 61.63% | 61.63% |
| FIIs | 7.89% | 8.15% | 8.36% | 9.77% | 10.27% | 10.46% | 10.93% | 9.51% |
| DIIs | 0.92% | 0.90% | 1.43% | 1.66% | 1.48% | 1.80% | 1.75% | 1.46% |
| Public | 29.56% | 29.30% | 28.58% | 26.94% | 26.63% | 26.12% | 25.69% | 27.39% |
| No. of shareholders | 56,044 | 59,207 | 56,164 | 59,419 | 72,334 | 71,870 | 78,750 | 94,439 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
Upcoming Force Motors Ltd-$ events
The next scheduled event is an EGM on 26 Oct 2026.
- EGMConsideration of proposal to remove restrictions on transferability of certain 'A' equity shares
See the full results calendar for every Indian company reporting in the next 30 days.
Force Motors Ltd-$ corporate filings
- Force Motors Limited announces EGM notice for proposed share offering and corporate restructuring, with detailed regulatory disclosures and investor instructionsCompany Updatehigh impact
Cruxal's analysis: Force Motors Limited has issued a public notice (pages 2-4) regarding an upcoming…
Read the full analysis - Force Motors Limited announces EGM notice for proposed share transfer and restructuring, with detailed regulatory disclosures and shareholder communication plansCompany Updatemedium impact
Cruxal's analysis: Force Motors Limited has issued a public notice (page 2-4) regarding an upcoming…
Read the full analysis - Force Motors Limited schedules EGM to approve removal of transfer restrictions on 1,15,748 'Second A' Equity Shares, enabling free transferability post-listingAGM/EGMhigh impact
Cruxal's analysis: Force Motors Limited has announced an Extraordinary General Meeting (EGM) scheduled for…
Read the full analysis - Force Motors Limited schedules EGM to approve removal of transfer restrictions on 27,600 'A' Equity Shares, indicating potential liquidity enhancement for these shares.AGM/EGMmedium impact
Cruxal's analysis: Force Motors Limited has announced an Extraordinary General Meeting (EGM) scheduled for…
Read the full analysis - Force Motors Limited to hold EGM on 26th October 2026 to consider transferability restrictions removal for 1,15,748 'Second A' Equity Shares, with key dates set for e-voting from 22nd to 25th October 2026AGM/EGMlow impact
Cruxal's analysis: Force Motors Limited has announced an Extraordinary General Meeting (EGM) scheduled for…
Read the full analysis - Force Motors Limited schedules EGM to consider transferability restrictions on 27,600 'A' equity shares, with no immediate financial impact disclosedAGM/EGMlow impact
Cruxal's analysis: Force Motors Limited has announced an Extraordinary General Meeting (EGM) scheduled for…
Read the full analysis - Force Motors Ltd. releases September 2026 monthly business update, no financial or operational changes reportedCompany Updatelow impact
Cruxal's analysis: Force Motors Limited has published its monthly business update for September 2026. The…
Read the full analysis - Closure of Trading Window.Insider Trading / SASTlow impact
- Force Motors Limited approves removal of transferability restrictions on 1.43 lakh unlisted 'A' and 'Second A' equity sharesBoard Meetinglow impact
Cruxal's analysis: Force Motors Limited has announced that its Board of Directors approved the removal of…
Read the full analysis - Force Motors Limited schedules Board Meeting to consider removal of transfer restrictions on unlisted 'A' and 'Second A' equity sharesBoard Meetinglow impact
Cruxal's analysis: Force Motors Limited has announced a Board Meeting scheduled for 25th September 2026 to…
Read the full analysis - Force Motors Ltd discloses ESG rating updateCompany Updatelow impact
Cruxal's analysis: Force Motors Ltd has released a corporate update regarding its ESG rating. The disclosure…
Read the full analysis - Force Motors Limited Announces Successful Conclusion of 67th Annual General Meeting and Approval of All ResolutionsAGM/EGMlow impact
Cruxal's analysis: Force Motors Limited has successfully concluded its 67th Annual General Meeting held on…
Read the full analysis - Force Motors Limited Concludes 67th Annual General Meeting; Shareholders Approve Financial Statements and Director Re-appointmentsAGM/EGMlow impact
Cruxal's analysis: Force Motors Limited has successfully concluded its 67th Annual General Meeting, where…
Read the full analysis - Force Motors Ltd reports monthly sales volume for August 2026Company Updatelow impact
Cruxal's analysis: Force Motors Ltd has released its monthly business update regarding sales volume for the…
Read the full analysis - Force Motors Limited Announces 67th Annual General Meeting for September 16, 2026Company Updatelow impact
Cruxal's analysis: Force Motors Limited has issued a formal notice for its 67th Annual General Meeting (AGM)…
Read the full analysis - Force Motors Ltd files Business Responsibility and Sustainability Report (BRSR) for FY 2025-26Otherslow impact
Cruxal's analysis: Force Motors has submitted its Business Responsibility and Sustainability Report (BRSR)…
Read the full analysis - Force Motors Limited Announces 67th AGM and Reports Strong FY2025-26 Financial PerformanceAGM/EGMhigh impact
Cruxal's analysis: Force Motors Limited has scheduled its 67th Annual General Meeting for September 16…
Read the full analysis - Force Motors Ltd releases Annual Report for FY 2025-26Otherslow impact
Cruxal's analysis: Force Motors has filed its Annual Report for the financial year 2025-26, dated August 25…
Read the full analysis - Force Motors Ltd announces book closure dates for September 2026Corp. Actionlow impact
Cruxal's analysis: Force Motors Ltd has scheduled its book closure period from September 10, 2026, to…
Read the full analysis - Force Motors Limited Announces 67th Annual General Meeting and Dividend Record Date for FY 2025-26AGM/EGMlow impact
Cruxal's analysis: Force Motors Limited has scheduled its 67th Annual General Meeting for September 16…
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