Debut Plus

18,505

+73.73 +0.40%

17 Jul 2026

NSE Listed

Force Motors Limited (FORCEMOT)

Volume: 1,25,250Avg Vol 1W: 70,761.2Avg Vol 1M: 1,38,100.9552W Range:14,91126,450
Market Cap₹23,917 Cr
Current Price₹18,505
Previous Close₹18,431.27
High / Low (52w)₹26,450 / ₹14,911
Volume1,25,250
Avg Vol (1W)70,761.2
Avg Vol (1M)1,38,100.95
Stock P/E14.9
Book Value₹2,354.8
Dividend Yield
ROE20.3%
ROA
Revenue (TTM)₹8,128 Cr
Revenue Growth
Profit Margin
Total Debt₹1 Cr
Shares Outstanding
Face Value₹10
EPS (TTM)₹606.96
P/B3.84
Debt / Equity0.1
50 DMA₹18,612.34
200 DMA₹19,467.93
Day change+0.40%
Price Chart
18,505 9.91% · 1Y
257761530312.4L
2025-07-16
2026-07-15

20-day avg volume: 1.4L shares

Pros
  • Healthy return on equity of 20.3%.
  • Company is almost debt-free.
  • Revenue grew 55% YoY.
Quarterly Results
MetricJun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Revenue₹1,885 Cr₹1,941 Cr₹1,889 Cr₹2,356 Cr₹2,297 Cr₹2,081 Cr₹2,129 Cr₹2,550 Cr
EBITDA₹195 Cr₹223 Cr₹176 Cr₹275 Cr₹287 Cr₹316 Cr₹328 Cr₹376 Cr
Net Profit₹116 Cr₹135 Cr₹115 Cr₹435 Cr₹176 Cr₹351 Cr₹406 Cr₹279 Cr
EPS
Profit & Loss (Annual)
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Revenue₹3,492 Cr₹3,734 Cr₹3,123 Cr₹2,013 Cr₹3,292 Cr₹5,091 Cr₹7,031 Cr₹8,128 Cr
EBITDA₹207 Cr₹209 Cr₹117 Cr₹-136 Cr₹-72 Cr₹151 Cr₹681 Cr₹869 Cr
Net Profit₹147 Cr₹143 Cr₹50 Cr₹-124 Cr₹-91 Cr₹134 Cr₹388 Cr₹801 Cr
EPS111.66108.7838.08-93.83-69.13101.43294.54607.71
Balance Sheet
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Total Assets₹2,523 Cr₹2,836 Cr₹3,098 Cr₹3,238 Cr₹3,661 Cr₹4,013 Cr₹4,415 Cr₹5,134 Cr
Total Liabilities₹720 Cr₹901 Cr₹1,131 Cr₹1,398 Cr₹1,911 Cr₹2,136 Cr₹2,157 Cr₹2,098 Cr
Equity₹1,803 Cr₹1,935 Cr₹1,967 Cr₹1,840 Cr₹1,750 Cr₹1,877 Cr₹2,257 Cr₹3,036 Cr
Total Debt
Cash Flow
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating₹284 Cr₹361 Cr₹426 Cr₹10 Cr₹16 Cr₹535 Cr₹1,166 Cr₹1,191 Cr
Investing₹-81 Cr₹-606 Cr₹-327 Cr₹-333 Cr₹-356 Cr₹-256 Cr₹-197 Cr₹-351 Cr
Financing₹-223 Cr₹256 Cr₹-20 Cr₹293 Cr₹375 Cr₹-207 Cr₹-509 Cr₹-562 Cr
Free Cash Flow₹284 Cr₹361 Cr₹426 Cr₹10 Cr₹16 Cr₹535 Cr₹1,166 Cr₹1,191 Cr
Shareholding
Promoter 61.63% Institutions 12.69% Public 25.68%
Efficiency & Working Capital
ROCE28.9%
Interest Coverage33.8
Dividend Payout
Debtor Days8 d
Inventory Days54 d
Payable Days35 d
Cash Conversion Cycle26 d
Working Capital Days61 d
Shareholding Details

As of 2026-03-31

Promoter61.6%
FII10.9%
DII1.8%
Institutions12.7%
Public25.7%
Promoter Pledge0%
No. of Shareholders78,750
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodDec 2023Feb 2024Feb 2024Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Promoters61.6%61.6%61.6%61.6%61.6%61.6%61.6%61.6%61.6%61.6%61.6%61.6%
FIIs4.9%5.4%5.4%6.3%7.8%7.9%8.2%8.4%9.8%10.3%10.5%10.9%
DIIs1%1.2%1%0.9%1%0.9%0.9%1.4%1.7%1.5%1.8%1.8%
Public32.4%31.8%32%31.2%29.6%29.6%29.3%28.6%26.9%26.6%26.1%25.7%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders47,55646,68546,68547,74251,90956,04459,20756,16459,41972,33471,87078,750
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202503
Major Shareholders (>1%)
NameCategoryStakeShares
Jaya Hind Industries Private LimitedShareholding of Promoter and Promoter Group57.4%75,59,928
Abhaykumar Navalmal FirodiaShareholding of Promoter and Promoter Group2%2,64,351
Prasan Abhaykumar FirodiaShareholding of Promoter and Promoter Group1.7%2,20,763
Manohar DevabhaktuniPublic Shareholding1.2%1,58,035
Indira Abhaykumar FirodiaShareholding of Promoter and Promoter Group0.5%64,396
Kamala Bansilal BhandariShareholding of Promoter and Promoter Group0.1%7,250
Shyamala NavalakhaShareholding of Promoter and Promoter Group0%2,159
Sunanda Sudhir MehtaShareholding of Promoter and Promoter Group0%1,500
Harsha JainShareholding of Promoter and Promoter Group0%0
Shribala ChordiaShareholding of Promoter and Promoter Group0%0
Sejal Prasan FirodiaShareholding of Promoter and Promoter Group0%0
Ameya Prasan FirodiaShareholding of Promoter and Promoter Group0%0
Anant Prasan FirodiaShareholding of Promoter and Promoter Group0%0
Tempo Finance (west) Pvt. Ltd.Shareholding of Promoter and Promoter Group0%0
Force Mtu Power Systems Pvt. Ltd.Shareholding of Promoter and Promoter Group0%0
Jaya Hind Montupet Pvt. Ltd.Shareholding of Promoter and Promoter Group0%0
Perform Engineering Solutions Pvt. Ltd.Shareholding of Promoter and Promoter Group0%0
Pinnacle Industries LimitedShareholding of Promoter and Promoter Group0%0
Aicon Intalia Realty Pvt. Ltd.Shareholding of Promoter and Promoter Group0%0
Instor (india) Pvt. Ltd. (earlier Kider (india) Pvt. Ltd.)Shareholding of Promoter and Promoter Group0%0
Vdl Pinnacle Engineering India Pvt. Ltd.Shareholding of Promoter and Promoter Group0%0
Cb Services India Pvt. Ltd.Shareholding of Promoter and Promoter Group0%0
Nirmukt Foundation (earlier 'pinnacle Social & Charitable Foundation')Shareholding of Promoter and Promoter Group0%0
Aapf One Act Kinder FoundationShareholding of Promoter and Promoter Group0%0
Jaya Hind International B.v.Shareholding of Promoter and Promoter Group0%0
Promoter Pledges
HolderPledged Shares% of HoldingAs of
Abhaykumar Navalmal Firodia00%2026-03-31
Prasan Abhaykumar Firodia00%2026-03-31
Indira Abhaykumar Firodia00%2026-03-31
Kamala Bansilal Bhandari00%2026-03-31
Shyamala Navalakha00%2026-03-31
Sunanda Sudhir Mehta00%2026-03-31
Harsha Jain00%2026-03-31
Shribala Chordia00%2026-03-31
Sejal Prasan Firodia00%2026-03-31
Ameya Prasan Firodia00%2026-03-31
Anant Prasan Firodia00%2026-03-31
Jaya Hind Industries Private Limited00%2026-03-31
Board of Directors
NameDesignationYear
Abhay FirodiaChairman & Managing Director2025
Prasan FirodiaManaging Director2025
Vallabh BhanshaliIndependent Non Exe. Director2025
Mukesh PatelIndependent Non Exe. Director2025
Sonia PrasharIndependent Non Exe. Director2025
Prashant V InamdarExecutive Director (Operation)2025
Rohan SampatCompany Sec. & Compli. Officer2025
Gautam BambawaleAdditional Director2025
Nitin KareerAdditional Director2025
Vinod Gulabrao KhandareAdditional Director2025
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2025₹10201313
Corporate Actions
TypeDateValueRemark
dividend2025-09-10₹40 (400%)Final
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
202500539461881
202500005155
20250051019
Insider / Designated-Person Trades

1 recent disclosure(s)

Mukesh Mangalbhai PatelAcquisition · 130
Company Information
Incorporated1958
ChairmanAbhay Firodia
AuditorKirtane & Pandit LLP
Investor Email[email protected]; kshah@forcemot
🌐 www.forcemotors.com, www.forceone.co.in

📍 Mumbai-Pune Road, Akurdi, Pune, Maharashtra, 411035

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