What do the numbers say about Force Motors Ltd (FORCEMOT)? Here's a look at its financials, valuation, and ownership data.
Force Motors Revenue Trend
Revenue for Force Motors Ltd came in at ₹8,072 Cr in FY2025, growing 16.4% year-over-year.
Force Motors Ltd has compounded revenue at 13.1% over 10 years — good, consistent top-line expansion from ₹2,364 Cr to ₹8,072 Cr.
In terms of scale, Force Motors Ltd's ₹8,072 Cr in annual revenue positions it as a mid-sized automobiles - 4 wheelers company.
The consistency stands out: 4 consecutive years of growth in top-line revenue.
| Year | Revenue | YoY % |
|---|---|---|
| FY2025 | ₹8,072 Cr | +16.4% |
| FY2024 | ₹6,934 Cr | +37.9% |
| FY2023 | ₹5,029 Cr | +55.2% |
| FY2022 | ₹3,240 Cr | +61.0% |
| FY2021 | ₹2,013 Cr | — |
View Force Motors Ltd's full 10-year revenue trend with CAGR analysis →
Force Motors Profitability
On the profitability front, Force Motors Ltd did well — net income rose 106.3% to ₹801 Cr from ₹388 Cr a year earlier.
Net profit margin improved to 9.9% in FY2025 from 5.6% in FY2024, indicating better cost control.
Earnings per share (diluted) were ₹607.71 in FY2025, up from ₹294.54.
Is Force Motors Undervalued
Per the P/E Ratio model, Force Motors Ltd has an estimated intrinsic value of ₹17,532 (3.4% downside).
Force Motors Ltd shares are currently trading at ₹18,151.40.
Craytheon also calculates intrinsic value using the EPS Growth and DCF models. The full breakdown with assumptions is available in the detailed analysis.
| Model | Est. Fair Value | vs. Current Price |
|---|---|---|
| P/E Ratio | ₹17,532 | 3.4% downside to fair value |
| EPS Growth | Upgrade | Upgrade |
| DCF | Upgrade | Upgrade |
See all valuation models for Force Motors Ltd with detailed assumptions →
Force Motors Shareholding Pattern
At 61.6%, the promoter stake has been flat for the past 4 quarters.
On the foreign institutional side, the holding is 10.9% as of March 2026 — up from 9.8%.
As of March 2026, DIIs own 1.8% of the company — up from 1.7% a year earlier.
| Quarter | Promoter | FII | DII | Public |
|---|---|---|---|---|
| Mar 2026 | 61.6% | 10.9% | 1.8% | 25.7% |
| Dec 2025 | 61.6% | 10.5% | 1.8% | 26.1% |
| Sep 2025 | 61.6% | 10.3% | 1.5% | 26.6% |
| Jun 2025 | 61.6% | 9.8% | 1.7% | 26.9% |
Track quarterly shareholding changes for Force Motors Ltd →
Force Motors Balance Sheet
Proportional view as of 10 Jul 2026. Hover blocks for details.
Assets
Liabilities & Equity
Total assets stood at ₹51.34B at the end of FY2025, up 16.3% from ₹44.15B a year earlier.
Property, Plant & Equipment is the largest block at 35.3%, followed by Inventories at 23.1% and Other Assets at 17.9%.
Equity makes up 59.1% of liabilities and equity, with debt at 0.3% and operating liabilities at 40.5%. Over the year, debt is down 96.7% and equity is up 34.5%.
Balance sheet composition — FY 2025
| Category | Value |
|---|---|
| Cash & ST Investments | 5.07B |
| Receivables | 1.74B |
| Inventories | 11.84B |
| Property, Plant & Equipment | 18.11B |
| Investments | 1.03B |
| Intangibles & Goodwill | 4.39B |
| Other Assets | 9.17B |
| Category | Value |
|---|---|
| Equity | 30.36B |
| Short-term Debt | 160.90M |
| Long-term Debt | 13.40M |
| Trade Payables | 7.84B |
| Other Liabilities | 12.97B |
Force Motors — The Bottom Line
Bringing the key threads together for Force Motors Ltd (FORCEMOT) as a automobiles - 4 wheelers investment opportunity.
Revenue of ₹8,072 Cr in FY2025, up 16.4% year-over-year.
Long-term revenue has been compounding at 13.1% annually over 10 years.
The company is profitable, with a net margin of 9.9% and net income of ₹801 Cr.
The P/E Ratio model implies 3.4% downside to fair value from the current price. The remaining two models are worth cross-checking before drawing a conclusion — sign up to see the full analysis.
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