Force Motors Ltd.
NSE: FORCEMOT · Passenger Cars & Utility Vehicles
Snapshot
Unlock Force Motors Ltd.'s vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Force Motors Limited is an integrated automobile manufacturer based in Pune, India, specialising in the design and production of commercial vehicles, multi-utility vehicles, and agricultural tractors. The company operates a diverse portfolio including passenger carriers, ambulances, and goods carriers under established brands such as Traveller, TRAX, and Gurkha.
Business Model
The company generates revenue through the manufacturing and sale of automotive components, aggregates, and finished vehicles across domestic and international markets. It leverages a vertically integrated production model to serve both commercial and agricultural sectors.
- Incorporation Year:1958
Growth Outlook
Growth is driven by the expansion of its commercial vehicle product range and the strengthening of its export footprint across the Middle East, Asia, Latin America, and Africa. The company continues to focus on its core competencies in engine and vehicle manufacturing to maintain market relevance.
Key Risks
- Cyclical Demand. The commercial vehicle and tractor segments are highly sensitive to economic cycles and rural income fluctuations.
- Input Cost Volatility. Fluctuations in raw material prices, particularly steel and aluminium, can significantly impact manufacturing margins.
- Regulatory Compliance. The automotive sector faces stringent and evolving emission and safety standards that require continuous capital expenditure.
- Export Market Risks. Geopolitical instability and currency fluctuations in emerging markets may adversely affect export performance.
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Key Metrics
REVENUE
₹10,043 Cr
TTM · consolidated
NET PROFIT
₹1,195 Cr
TTM · consolidated
EPS
₹906.98
TTM · consolidated
RETURN ON EQUITY
29.4%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
36.6%
TTM · consolidated
P/E
19.5×
Q2 FY27 · consolidated
EV/EBITDA
12.9x
Q2 FY27 · consolidated
EBITDA MARGIN
16.8%
TTM · consolidated
NET PROFIT MARGIN
10.0%
Q2 FY27 · consolidated
DEBT TO EQUITY
0.0x
Q2 FY27 · consolidated
Peers · Passenger Cars & Utility Vehicles
| Company | Mkt Cap | P/E (TTM) | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Force Motors Ltd.FORCEMOT | ₹22,619 Cr | 19.5× | 12.94 | 16.5% | 16.8% | 29.4% | 36.6% | +0.1% |
Mahindra & Mahindra Ltd.M&M | ₹3.53L Cr | 17.4× | 11.16 | 26.2% | 20.3% | 23.8% | 18.0% | -17.7% |
Hyundai Motor India Ltd.HYUNDAI | ₹1.55L Cr | 35.3× | 17.90 | 8.0% | 11.5% | 24.1% | 29.0% | -18.6% |
Tata Motors Passenger Vehicles Ltd.TMPV | ₹97,751 Cr | -29.7× | 6.41 | -21.7% | 6.6% | 69.7% | -0.6% | -33.6% |
Olectra Greentech Ltd.OLECTRA | ₹7,807 Cr | 45.9× | 22.63 | 38.4% | 14.2% | 15.8% | 23.4% | -36.0% |
Mercury EV-TechMERCURYEV | ₹602 Cr | 267.0× | 43.06 | -11.3% | 13.7% | 1.3% | 2.9% | -26.6% |
As of Q2 FY27
Financials
Force Motors Ltd.
NSE: FORCEMOT · Passenger Cars & Utility Vehicles
Snapshot
Unlock Force Motors Ltd.'s vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Force Motors Limited is an integrated automobile manufacturer based in Pune, India, specialising in the design and production of commercial vehicles, multi-utility vehicles, and agricultural tractors. The company operates a diverse portfolio including passenger carriers, ambulances, and goods carriers under established brands such as Traveller, TRAX, and Gurkha.
Business Model
The company generates revenue through the manufacturing and sale of automotive components, aggregates, and finished vehicles across domestic and international markets. It leverages a vertically integrated production model to serve both commercial and agricultural sectors.
- Incorporation Year:1958
Growth Outlook
Growth is driven by the expansion of its commercial vehicle product range and the strengthening of its export footprint across the Middle East, Asia, Latin America, and Africa. The company continues to focus on its core competencies in engine and vehicle manufacturing to maintain market relevance.
Key Risks
- Cyclical Demand. The commercial vehicle and tractor segments are highly sensitive to economic cycles and rural income fluctuations.
- Input Cost Volatility. Fluctuations in raw material prices, particularly steel and aluminium, can significantly impact manufacturing margins.
- Regulatory Compliance. The automotive sector faces stringent and evolving emission and safety standards that require continuous capital expenditure.
- Export Market Risks. Geopolitical instability and currency fluctuations in emerging markets may adversely affect export performance.
Start your research today
Unlock AI insights, financials, peers and live data on Force Motors Ltd. and 5,000+ companies — free.
Key Metrics
REVENUE
₹10,043 Cr
TTM · consolidated
NET PROFIT
₹1,195 Cr
TTM · consolidated
EPS
₹906.98
TTM · consolidated
RETURN ON EQUITY
29.4%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
36.6%
TTM · consolidated
P/E
19.5x
Q2 FY27 · consolidated
EV/EBITDA
12.9x
Q2 FY27 · consolidated
EBITDA MARGIN
16.8%
TTM · consolidated
NET PROFIT MARGIN
10.0%
Q2 FY27 · consolidated
DEBT TO EQUITY
0.0x
Q2 FY27 · consolidated
Peers · Passenger Cars & Utility Vehicles
As of Q2 FY27