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NSE Close — 25 Sep 2026
₹17,388.0
Change
+246.0 (1.44%)
Open
₹17,188.0
Prev. Close
₹17,142.0
Day High
₹17,430.0
Day Low
₹17,084.0
Volume Analysis
Traded
64,737
Delivered
21,308
Delivery %
32.91%
End-of-day NSE price via the official Bhavcopy — updated once daily after market close, not a live tick.
Strengths, Weaknesses, Opportunities & Threats
Strengths (1)
- •Strong return on equity (26.1%)
Weaknesses (0)
No signal for this stock
Opportunities (3)
- •Strong 3-year EPS growth (108.5%)
- •Strong 3-year revenue growth (21.7%)
- •FII holding has been rising
Threats (0)
No signal for this stock
Rule-based signals from the fundamentals below — not investment advice.
Pivot Levels
| Type | R3 | R2 | R1 | Pivot | S1 | S2 | S3 |
|---|---|---|---|---|---|---|---|
| Classic | ₹17,863.34 | ₹17,646.67 | ₹17,517.34 | ₹17,300.67 | ₹17,171.34 | ₹16,954.67 | ₹16,825.34 |
| Fibonacci | ₹17,646.67 | ₹17,514.5 | ₹17,432.84 | ₹17,300.67 | ₹17,168.5 | ₹17,086.84 | ₹16,954.67 |
| Camarilla | ₹17,483.15 | ₹17,451.43 | ₹17,419.72 | ₹17,300.67 | ₹17,356.28 | ₹17,324.57 | ₹17,292.85 |
Support/resistance levels for today, calculated from the previous trading day's high/low/close.
Absolute Returns
YTD
-16.64%
1 Week
-0.55%
1 Month
+0.1%
3 Months
-6.42%
6 Months
-16.13%
1 Year
+0.09%
2Y/3Y/5Y not shown yet — price history tracking only goes back to mid-2025 so far.
Stock Vitals
Computed from the latest available annual financials.
Graham Number
₹8,115.16
Current price is above the Graham Number — Benjamin Graham's estimate of fair value based on earnings and book value.
DuPont ROE Breakdown
29.51%
Net margin 13.61% × asset turnover 1.39x × equity multiplier 1.56x
Company Overview
Sector
Automobile and Auto Components
Market Cap
₹22,703 Cr
P/E (TTM)
20.6
ROE
26.1%
Book Value
₹3,183.0
Face Value
₹10.0
Source: Screener.in (Consolidated figures) — data as of 24 Sep 2026. Not investment advice.
TopFund Analysis
Force Motors Limited holds up reasonably well on TopFund's composite fundamentals check within the Automobile and Auto Components sector, at 68/100. The strongest factor is Financial Strength (100/100), while Momentum (20/100) is the weakest area to weigh before deciding. Notably: Strong return on equity (26.1%). Strong 3-year EPS growth (108.5%).
TopFund Score — Fundamentals Quality
68/100 — GoodData confidence: 78/100 (Moderate Confidence) — based on how complete and how fresh the underlying data is.
As of 27 Sep 2026 · How we calculate this →
Financial Strength
Growth
Valuation
Cash Flow
Corporate Governance
Momentum
Institutional Ownership
Business Quality
Risk & Volatility
Liquidity
From Screener.in
- +Company has reduced debt.
- +Company is almost debt free.
- +Company has delivered good profit growth of 62.4% CAGR over last 5 years
Not investment advice — an automated read of public fundamentals data, for research context only.
Corporate Actions
BSE-received ESG rating of 66 assigned to Force Motors by Niche Ninety Nine on 17 September 2026.
August 2026 domestic sales rose 62.14% to 3,721 units; total sales rose 58.22% to 3,802 units.
Source: BSE regulatory filings, via Screener.in.
Quarterly Results
Last several quarters
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 1,488 | 1,802 | 1,692 | 2,011 | 1,885 | 1,941 | 1,889 | 2,356 | 2,297 | 2,081 | 2,129 | 2,550 | 2,440 |
| Expenses + | 1,310 | 1,581 | 1,477 | 1,733 | 1,640 | 1,664 | 1,658 | 2,027 | 1,974 | 1,719 | 1,755 | 2,136 | 2,112 |
| Operating Profit | 177 | 221 | 215 | 279 | 245 | 277 | 232 | 329 | 323 | 363 | 374 | 414 | 328 |
| OPM % | 12.0% | 12.0% | 13.0% | 14.0% | 13.0% | 14.0% | 12.0% | 14.0% | 14.0% | 17.0% | 18.0% | 16.0% | 13.0% |
| Other Income + | 11 | 9 | 4 | 18 | 15 | 9 | 20 | 418 | 25 | 26 | 241 | 39 | 43 |
| Interest | 18 | 16 | 14 | 14 | 9 | 5 | 4 | 7 | 0 | 0 | 0 | 3 | 0 |
| Depreciation | 63 | 67 | 68 | 68 | 69 | 69 | 71 | 72 | 70 | 71 | 73 | 72 | 77 |
| Profit before tax | 107 | 147 | 137 | 214 | 182 | 211 | 177 | 668 | 278 | 317 | 543 | 378 | 293 |
| Tax % | 36.0% | 36.0% | 37.0% | 35.0% | 36.0% | 36.0% | 35.0% | 35.0% | 36.0% | -11.0% | 25.0% | 26.0% | 26.0% |
| Net Profit + | 69 | 94 | 85 | 140 | 116 | 135 | 115 | 435 | 176 | 351 | 406 | 279 | 217 |
| EPS in Rs | 52 | 71 | 65 | 106 | 88 | 102 | 88 | 330 | 134 | 266 | 308 | 211 | 164 |
| Raw PDF | — | — | — | — | — | — | — | — | — | — | — | — | — |
Source: Screener.in — figures in ₹ Crores unless marked %.
Profit & Loss (Yearly)
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 2,364 | 3,025 | 3,069 | 3,423 | 3,652 | 3,081 | 1,988 | 3,240 | 5,029 | 6,992 | 8,072 | 9,057 | 9,200 |
| Expenses + | 2,217 | 2,751 | 2,801 | 3,155 | 3,378 | 2,820 | 1,964 | 3,190 | 4,716 | 6,096 | 6,973 | 7,573 | 7,721 |
| Operating Profit | 147 | 274 | 268 | 268 | 275 | 261 | 24 | 50 | 313 | 897 | 1,099 | 1,484 | 1,479 |
| OPM % | 6.0% | 9.0% | 9.0% | 8.0% | 8.0% | 8.0% | 1.2% | 1.6% | 6.0% | 13.0% | 14.0% | 16.0% | 16.0% |
| Other Income + | 66 | 71 | 86 | 69 | 82 | 3 | 2 | 52 | 268 | 37 | 446 | 321 | 349 |
| Interest | 7 | 5 | 6 | 7 | 15 | 28 | 28 | 41 | 68 | 62 | 26 | 3 | 3 |
| Depreciation | 81 | 92 | 113 | 129 | 151 | 195 | 174 | 191 | 241 | 267 | 280 | 286 | 293 |
| Profit before tax | 125 | 249 | 235 | 201 | 190 | 42 | -176 | -130 | 272 | 605 | 1,238 | 1,516 | 1,531 |
| Tax % | 19.0% | 28.0% | 23.0% | 27.0% | 25.0% | -20.0% | -30.0% | -30.0% | 51.0% | 36.0% | 35.0% | 20.0% | — |
| Net Profit + | 102 | 179 | 180 | 147 | 143 | 50 | -124 | -91 | 134 | 388 | 801 | 1,212 | 1,252 |
| EPS in Rs | 77 | 136 | 137 | 112 | 109 | 38 | -94 | -69 | 101 | 295 | 608 | 920 | 950 |
| Dividend Payout % | 6.0% | 7.0% | 7.0% | 9.0% | 9.0% | 26.0% | -5.0% | -14.0% | 10.0% | 7.0% | 7.0% | 5.0% | — |
Source: Screener.in — figures in ₹ Crores unless marked %.
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Reserves | 1,306 | 1,476 | 1,654 | 1,788 | 1,920 | 1,952 | 1,825 | 1,735 | 1,862 | 2,242 | 3,020 | 4,181 |
| Borrowings + | 11 | 14 | 199 | 0 | 286 | 310 | 642 | 1,069 | 955 | 524 | 17 | 0 |
| Other Liabilities + | 645 | 801 | 738 | 722 | 617 | 823 | 757 | 844 | 1,184 | 1,635 | 2,083 | 2,343 |
| Total Liabilities | 1,975 | 2,305 | 2,604 | 2,523 | 2,836 | 3,098 | 3,238 | 3,661 | 4,013 | 4,415 | 5,134 | 6,538 |
| Fixed Assets + | 638 | 786 | 911 | 948 | 1,216 | 1,400 | 1,224 | 2,033 | 2,094 | 2,031 | 1,969 | 1,921 |
| CWIP | 240 | 205 | 220 | 369 | 372 | 445 | 725 | 302 | 154 | 171 | 287 | 536 |
| Investments | 0 | 14 | 9 | 10 | 23 | 78 | 100 | 111 | 97 | 91 | 103 | 98 |
| Other Assets + | 1,097 | 1,300 | 1,463 | 1,196 | 1,225 | 1,175 | 1,189 | 1,215 | 1,668 | 2,121 | 2,775 | 3,981 |
| Total Assets | 1,975 | 2,305 | 2,604 | 2,523 | 2,836 | 3,098 | 3,238 | 3,661 | 4,013 | 4,415 | 5,134 | 6,538 |
| Equity Capital | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 |
Source: Screener.in — figures in ₹ Crores unless marked %.
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 226 | 256 | 471 | 256 | 314 | 409 | 7 | 18 | 532 | 1,014 | 1,546 | 1,297 |
| Cash from Investing Activity + | -96 | -210 | -621 | -81 | -606 | -327 | -333 | -356 | -256 | -198 | -926 | -900 |
| Cash from Financing Activity + | -45 | -37 | 180 | -223 | 256 | -20 | 293 | 375 | -207 | -509 | -562 | -73 |
| Net Cash Flow | 85 | 9 | 30 | -47 | -35 | 62 | -32 | 37 | 68 | 308 | 58 | 324 |
| CFO/OP | 176 | 107 | 198 | 106 | 131 | 163 | 41 | 32 | 171 | 130 | 161 | 116 |
| Free Cash Flow | 109 | 19 | 236 | -62 | -183 | -49 | -445 | -315 | 274 | 810 | 1,181 | 761 |
Source: Screener.in — figures in ₹ Crores unless marked %.
Shareholding Pattern
Quarter-by-quarter — Promoters, FII, DII & public holding trend
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Public | 31.86% | 32.27% | 31.16% | 29.57% | 29.56% | 29.3% | 28.58% | 26.94% | 26.63% | 26.12% | 25.69% | 27.39% |
| Promoters | 61.63% | 61.63% | 61.63% | 61.63% | 61.63% | 61.63% | 61.63% | 61.63% | 61.63% | 61.63% | 61.63% | 61.63% |
| FII | 4.94% | 4.91% | 6.34% | 7.78% | 7.89% | 8.15% | 8.36% | 9.77% | 10.27% | 10.46% | 10.93% | 9.51% |
| DII | 1.59% | 1.2% | 0.86% | 1.02% | 0.92% | 0.9% | 1.43% | 1.66% | 1.48% | 1.8% | 1.75% | 1.46% |
Source: Screener.in — quarterly shareholding disclosures.
Peers Comparison
Automobile and Auto Components — ranked by market cap
| Company | Market Cap (Cr) | P/E | P/B | ROE |
|---|---|---|---|---|
| Force Motors Limited (this stock) | 22,703 | 20.6 | 5.42 | 26.1% |
| Spr Auto Technologies Ltd | 22,019 | 37.8 | 7.2 | 21.4% |
| Belrise Industries Ltd | 24,005 | 47.0 | 4.22 | 12.6% |
| Asahi India Glass Limited | 24,390 | 54.6 | 6.21 | 10.3% |
| Tenneco Clean Air India L | 20,796 | 33.5 | 17.34 | 44.4% |
| Sundram Fasteners Ltd | 24,772 | 39.9 | 5.81 | 14.9% |
| Gabriel India Ltd | 24,788 | 68.8 | 14.67 | 20.2% |
Which Mutual Funds Hold Force Motors Limited?
Frequently Asked Questions about Force Motors Limited
Force Motors Limited (FORCEMOT) closed at ₹17,388.0 on NSE on 25 September 2026, up 246.0 (1.44%) from the previous close.
Force Motors Limited trades on the NSE (National Stock Exchange of India) under the symbol FORCEMOT.
Force Motors Limited has a trailing twelve-month P/E (price-to-earnings) ratio of 20.6.
Force Motors Limited has a dividend yield of 0.29%.
Force Motors Limited's 52-week high is ₹26,486.0 and its 52-week low is ₹14,911.0.
Force Motors Limited has a market capitalisation of ₹22,703 crore.
Force Motors Limited has a TopFund Quality Score of 68/100 (Good), a composite of profitability, balance-sheet health, growth and valuation. This is an analytical score based on public data, not personalized investment advice — see the full breakdown below before deciding.
Community Sentiment
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