₹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:₹14,911₹26,450
Key Ratios
Checked 17h agoMarket 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
2025-07-162026-07-15
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
| Metric | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 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)
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 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 |
| EPS | 111.66 | 108.78 | 38.08 | -93.83 | -69.13 | 101.43 | 294.54 | 607.71 |
Balance Sheet
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 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
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 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.
| Period | Dec 2023 | Feb 2024 | Feb 2024 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 61.6% | 61.6% | 61.6% | 61.6% | 61.6% | 61.6% | 61.6% | 61.6% | 61.6% | 61.6% | 61.6% | 61.6% |
| FIIs | 4.9% | 5.4% | 5.4% | 6.3% | 7.8% | 7.9% | 8.2% | 8.4% | 9.8% | 10.3% | 10.5% | 10.9% |
| DIIs | 1% | 1.2% | 1% | 0.9% | 1% | 0.9% | 0.9% | 1.4% | 1.7% | 1.5% | 1.8% | 1.8% |
| Public | 32.4% | 31.8% | 32% | 31.2% | 29.6% | 29.6% | 29.3% | 28.6% | 26.9% | 26.6% | 26.1% | 25.7% |
| Promoter Pledge | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| No. of Shareholders | 47,556 | 46,685 | 46,685 | 47,742 | 51,909 | 56,044 | 59,207 | 56,164 | 59,419 | 72,334 | 71,870 | 78,750 |
Returns History (ROE / ROCE / ROA)
| Period | ROE | ROCE | ROA | P/E |
|---|---|---|---|---|
| 202503 | — | — | — | — |
Major Shareholders (>1%)
| Name | Category | Stake | Shares |
|---|---|---|---|
| Jaya Hind Industries Private Limited | Shareholding of Promoter and Promoter Group | 57.4% | 75,59,928 |
| Abhaykumar Navalmal Firodia | Shareholding of Promoter and Promoter Group | 2% | 2,64,351 |
| Prasan Abhaykumar Firodia | Shareholding of Promoter and Promoter Group | 1.7% | 2,20,763 |
| Manohar Devabhaktuni | Public Shareholding | 1.2% | 1,58,035 |
| Indira Abhaykumar Firodia | Shareholding of Promoter and Promoter Group | 0.5% | 64,396 |
| Kamala Bansilal Bhandari | Shareholding of Promoter and Promoter Group | 0.1% | 7,250 |
| Shyamala Navalakha | Shareholding of Promoter and Promoter Group | 0% | 2,159 |
| Sunanda Sudhir Mehta | Shareholding of Promoter and Promoter Group | 0% | 1,500 |
| Harsha Jain | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Shribala Chordia | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Sejal Prasan Firodia | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Ameya Prasan Firodia | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Anant Prasan Firodia | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Tempo Finance (west) Pvt. Ltd. | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Force Mtu Power Systems Pvt. Ltd. | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Jaya Hind Montupet Pvt. Ltd. | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Perform Engineering Solutions Pvt. Ltd. | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Pinnacle Industries Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Aicon Intalia Realty Pvt. Ltd. | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Instor (india) Pvt. Ltd. (earlier Kider (india) Pvt. Ltd.) | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Vdl Pinnacle Engineering India Pvt. Ltd. | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Cb Services India Pvt. Ltd. | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Nirmukt Foundation (earlier 'pinnacle Social & Charitable Foundation') | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Aapf One Act Kinder Foundation | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Jaya Hind International B.v. | Shareholding of Promoter and Promoter Group | 0% | 0 |
Promoter Pledges
| Holder | Pledged Shares | % of Holding | As of |
|---|---|---|---|
| Abhaykumar Navalmal Firodia | 0 | 0% | 2026-03-31 |
| Prasan Abhaykumar Firodia | 0 | 0% | 2026-03-31 |
| Indira Abhaykumar Firodia | 0 | 0% | 2026-03-31 |
| Kamala Bansilal Bhandari | 0 | 0% | 2026-03-31 |
| Shyamala Navalakha | 0 | 0% | 2026-03-31 |
| Sunanda Sudhir Mehta | 0 | 0% | 2026-03-31 |
| Harsha Jain | 0 | 0% | 2026-03-31 |
| Shribala Chordia | 0 | 0% | 2026-03-31 |
| Sejal Prasan Firodia | 0 | 0% | 2026-03-31 |
| Ameya Prasan Firodia | 0 | 0% | 2026-03-31 |
| Anant Prasan Firodia | 0 | 0% | 2026-03-31 |
| Jaya Hind Industries Private Limited | 0 | 0% | 2026-03-31 |
Board of Directors
| Name | Designation | Year |
|---|---|---|
| Abhay Firodia | Chairman & Managing Director | 2025 |
| Prasan Firodia | Managing Director | 2025 |
| Vallabh Bhanshali | Independent Non Exe. Director | 2025 |
| Mukesh Patel | Independent Non Exe. Director | 2025 |
| Sonia Prashar | Independent Non Exe. Director | 2025 |
| Prashant V Inamdar | Executive Director (Operation) | 2025 |
| Rohan Sampat | Company Sec. & Compli. Officer | 2025 |
| Gautam Bambawale | Additional Director | 2025 |
| Nitin Kareer | Additional Director | 2025 |
| Vinod Gulabrao Khandare | Additional Director | 2025 |
Capital Structure (₹ Cr)
| Year | Face Value | Authorised | Issued | Paid-up |
|---|---|---|---|---|
| 2025 | ₹10 | 20 | 13 | 13 |
Corporate Actions
| Type | Date | Value | Remark |
|---|---|---|---|
| dividend | 2025-09-10 | ₹40 (400%) | Final |
Related-Party Transactions (₹ Cr)
| Year | Subsidiaries | Associates | JV | KMP | Others | Total |
|---|---|---|---|---|---|---|
| 2025 | 0 | 0 | 5 | 39 | 461 | 881 |
| 2025 | 0 | 0 | 0 | 0 | 5 | 155 |
| 2025 | 0 | 0 | 5 | 1 | 0 | 19 |
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
📍 Mumbai-Pune Road, Akurdi, Pune, Maharashtra, 411035
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