Force Motors Key Ratios
NSE: FORCEMOT | BSE: 500033
₹17,750.00
As on 01-Sep-2026 15:15IST
Market cap
₹23,190 Cr
Revenue (TTM)
₹9,200 Cr
P/E Ratio
18.5
P/B Ratio
5.3
Div. Yield
0.3 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | -4.31 | 6.21 | 8.44 | 18.38 | 30.33 |
| EBIT | -26.85 | -4.34 | 32.59 | 75.80 | 76.84 |
| Net Profit | -22.25 | 22.82 | 81.36 | 113.58 | 80.85 |
| EPS | -22.25 | 22.82 | 45.33 | 78.85 | 85.34 |
| Book Value | -- | -- | 38.27 | 30.78 | 17.94 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Mar-26 | Mar-25 |
| EBIT-Margin
| 10.82 | 6.08 | 12.89 | 13.22 | -- |
| Net Margin
| 9.59 | 5.69 | 13.28 | 13.22 | 9.85 |
| Return on equity
| 27.07 | 16.98 | 28.38 | 33.53 | 30.29 |
| Return on Capital
| 35.71 | 23.56 | -- | 41.93 | 43.36 |
| Return on Assets
| 15.48 | 9.52 | 21.22 | 20.76 | 16.77 |
| Debt to Equity (x)
| -- | -- | 0.00 | 0.00 | 0.01 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Force Motors
|
--
|
41.93
|
43.36
|
23.79
|
12.07
|
|
Peer Median
|
--
|
22.18
|
15.92
|
12.34
|
--
|
ROE
28.38
Higher than Peers by 7.05
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Force Motors
|
28.38
|
33.53
|
30.29
|
18.80
|
7.38
|
|
Peer Median
|
21.33
|
23.66
|
18.80
|
8.27
|
--
|
ROA
21.22
Higher than Peers by 9.25
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Force Motors
|
21.22
|
20.76
|
16.77
|
9.22
|
3.53
|
|
Peer Median
|
11.96
|
9.11
|
4.41
|
3.53
|
--
|
EBIT Margin
12.89
Higher than Peers by 1.10
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Force Motors
|
12.89
|
--
|
--
|
9.18
|
1.77
|
|
Peer Median
|
11.79
|
12.84
|
11.21
|
11.20
|
--
|
Net Margin
13.28
Higher than Peers by 5.50
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Force Motors
|
13.28
|
13.22
|
9.85
|
5.52
|
2.63
|
|
Peer Median
|
7.78
|
7.80
|
5.87
|
3.26
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Force Motors
|
--
|
16.54
|
13.39
|
9.37
|
7.45
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
8.44
Lower than Peers by 6.11
Year on year growth in net sales
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Force Motors
|
8.44
|
12.21
|
15.44
|
39.04
|
55.20
|
|
Peer Median
|
14.54
|
16.20
|
15.44
|
5.81
|
--
|
EBIT Growth
32.59
Higher than Peers by 5.31
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Force Motors
|
32.59
|
--
|
--
|
620.71
|
171.94
|
|
Peer Median
|
27.28
|
32.85
|
26.57
|
28.43
|
--
|
Net Profit Growth
81.36
Higher than Peers by 55.74
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Force Motors
|
81.36
|
51.31
|
106.30
|
190.27
|
246.98
|
|
Peer Median
|
25.61
|
27.35
|
92.21
|
98.80
|
--
|
EPS Growth
45.33
Higher than Peers by 19.88
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Force Motors
|
45.33
|
51.31
|
106.33
|
190.40
|
246.73
|
|
Peer Median
|
25.45
|
30.24
|
39.65
|
100.00
|
--
|
Book Value Growth
--
--
Year on year growth in book value per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Force Motors
|
--
|
38.27
|
34.51
|
20.27
|
7.28
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
--
--
Total debt / Net worth
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Force Motors
|
--
|
--
|
0.01
|
0.23
|
0.51
|
|
Peer Median
|
0.03
|
0.19
|
0.23
|
0.49
|
--
|
Short term debt to equity ratio
--
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Force Motors
|
--
|
--
|
--
|
--
|
0.05
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
1.87
Higher than Peers by 0.51
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Force Motors
|
1.87
|
1.87
|
1.50
|
1.25
|
1.04
|
|
Peer Median
|
1.37
|
1.48
|
1.25
|
1.21
|
--
|
Quick Ratio
1.26
Higher than Peers by 0.42
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Force Motors
|
1.26
|
1.26
|
0.81
|
0.54
|
0.49
|
|
Peer Median
|
0.84
|
1.22
|
1.14
|
0.94
|
--
|
Interest Coverage
479.67
Higher than Peers by 460.03
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Force Motors
|
479.67
|
465.94
|
48.86
|
10.74
|
4.98
|
|
Peer Median
|
19.63
|
27.41
|
3.46
|
3.85
|
--
|
Operating Efficiency
Debtors to sales
2.08
Lower than Peers by 4.76
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Force Motors
|
2.08
|
2.11
|
2.16
|
1.49
|
3.91
|
|
Peer Median
|
6.83
|
4.17
|
6.89
|
8.51
|
--
|
Asset Turnover
1.58
Higher than Peers by 0.02
Sales / Average Total Assets
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Force Motors
|
1.58
|
1.55
|
1.69
|
1.66
|
1.33
|
|
Peer Median
|
1.56
|
1.32
|
1.08
|
0.83
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Force Motors
|
--
|
7.36
|
6.29
|
7.85
|
14.02
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Force Motors
|
--
|
49.20
|
53.06
|
51.93
|
53.12
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Force Motors
|
--
|
51.97
|
50.26
|
56.95
|
58.74
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Force Motors
|
--
|
4.59
|
9.10
|
2.83
|
8.39
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
18.52
Lower than Peers by 6.66
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Force Motors
|
18.52
|
21.11
|
14.89
|
24.60
|
11.50
|
|
Peer Median
|
25.18
|
25.18
|
23.61
|
31.23
|
--
|
Price / Book Value
5.26
Lower than Peers by 0.82
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Force Motors
|
5.26
|
6.10
|
3.93
|
4.23
|
0.82
|
|
Peer Median
|
6.08
|
6.08
|
6.00
|
5.50
|
--
|
Dividend Yield
0.28
Lower than Peers by 0.86
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Force Motors
|
0.28
|
0.26
|
0.44
|
0.28
|
0.86
|
|
Peer Median
|
1.14
|
1.14
|
0.28
|
0.22
|
--
|
EV/EBITDA
13.95
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Force Motors
|
13.95
|
15.53
|
9.95
|
10.15
|
6.00
|
|
Peer Median
|
--
|
18.80
|
29.55
|
113.45
|
--
|
Market Cap
23,190
Higher than Peers by 6,388
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Force Motors
|
23,190
|
25,573
|
11,923
|
9,547
|
1,537
|
|
Peer Median
|
16,802
|
16,802
|
9,844
|
12,120
|
--
|