Force India Financial Statements

Force India (FORCEMOTORS) reported revenue of ₹80.72B in FY2025 with net income of ₹8.01B. Total assets stood at ₹51.34B and free cash flow was ₹6.05B.

Force India Income Statement

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FY 2021 – FY 2025

Item	Chart	2021	2022	2023	2024	2025
Revenue		20.13B	32.40B	50.29B	69.34B	80.72B
Cost of Rev. Cost of Revenue		-14.94B	-26.19B	-39.20B	-51.24B	-59.47B
Gross Profit		5.19B	6.21B	11.09B	18.10B	21.25B
SGA Sales, General & Admin		-6.14B	-3.68B	-4.22B	-5.33B	-5.92B
Op. Income Operating Income		-1.36B	-2.07B	301.80M	10.67B	6.95B
PBT Profit Before Tax		-1.64B	-1.30B	2.72B	6.05B	12.38B
Net Income		-1.23B	-909.90M	1.34B	3.88B	8.01B
Dil. Shares Diluted Shares		13.18M	13.18M	13.18M	13.18M	13.18M
Diluted EPS		-93.69	-69.13	101.43	294.54	607.71

Figures in ₹ — millions (M), billions (B), trillions (T). EPS is earnings per share.

Understanding the Income Statement

The income statement shows Force India's revenue and expenses over a period. Revenue minus costs gives gross profit; after operating expenses, interest, and taxes, the remainder is net income. Diluted EPS divides net income by all shares that could exist if options and convertibles were exercised.

Force India Balance Sheet

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FY 2021 – FY 2025

Item	Chart	2021	2022	2023	2024	2025
Curr. assets Total current assets		8.82B	10.27B	15.65B	20.46B	25.80B
Non-curr. assets Total non-current assets		23.56B	26.34B	24.48B	23.69B	25.54B
Total assets		32.38B	36.61B	40.13B	44.15B	51.34B
Curr. liabilities Total current liabilities		8.74B	12.83B	15.09B	16.36B	17.25B
Non-curr. liab. Total non-current liabilities		5.24B	6.28B	6.27B	5.21B	3.73B
Total liabilities		13.98B	19.11B	21.36B	21.57B	20.98B
Total equity		18.40B	17.50B	18.77B	22.57B	30.36B
Total liab. & eq. Total liabilities & equity		32.38B	36.61B	40.13B	44.15B	51.34B

Figures in ₹ — millions (M), billions (B), trillions (T).

Understanding the Balance Sheet

The balance sheet captures Force India's financial position at a point in time — what it owns (assets), what it owes (liabilities), and the residual value to shareholders (equity). Total assets always equals total liabilities plus equity.

Force India Cash Flow Statement

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FY 2021 – FY 2025

Item	Chart	2021	2022	2023	2024	2025
Net Income		-1.76B	-1.30B	2.72B	6.05B	12.38B
Operating CF Cash flow Operating Activities		73.40M	184.20M	5.32B	10.14B	9.71B
Capex Investments in PPE		-4.53B	-3.99B	-2.60B	-2.08B	-3.67B
Investing CF Cash flow Investing Activities		-3.33B	-3.56B	-2.56B	-1.98B	-3.51B
Dividend Paid		-131.80M	-65.90M	-131.80M	-131.80M	-263.50M
Financing CF Cash flow Financing Activities		2.93B	3.75B	-2.07B	-5.09B	-5.62B
Cash (start) Cash at beginning of period		663.60M	345.20M	719.70M	1.40B	4.48B
Cash (end) Cash at end of period		345.20M	719.70M	1.40B	4.48B	5.07B
FCF Free Cash Flow		-4.46B	-3.81B	2.72B	8.06B	6.05B

Figures in ₹ — millions (M), billions (B), trillions (T).

Understanding Cash Flow

The cash flow statement tracks how Force India's cash moves through operations, investing, and financing activities. Free cash flow — operating cash minus capital expenditure — shows what is available to return to shareholders.

Data from audited consolidated filings. For educational purposes only — not investment advice. Last update: Mar-2025