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Home › Company Intelligence › FORCE MOTORS LTD (FORCEMOT)
NSE: FORCEMOT MID_CAP Diversified VERIFIED STATUTORY SOURCE • Data as of FY24 FRESH

FORCE MOTORS LTD

Units: ₹ Crores • Basis: Statutory Filing (Consolidated/Primary) • Reporting Period: FY24 • Source: Audited Annual Financial Disclosure • Last Checked: 14 Sep 2026
FY24 Revenue ₹10,384 Cr
FY24 Net Profit ₹831 Cr
Reported EPS ₹41.54
Operating Margin 18.00%
Return on Equity 10.1%
ROCE 15.6%
Debt / Equity 0.45x
Net Profit Margin 8.00%
WHAT IS HAPPENING NOW • MATERIAL DEVELOPMENTS

Latest Earnings Released (Q2 FY27): Reported quarterly statutory revenue of ₹2,967.33 Cr with net profit of ₹291.44 Cr (EPS: ₹221.18).

Exchange Disclosure (2026-11-01): Monthly Business Updates —

BUSINESS OVERVIEW & CORPORATE PROFILE

Official listing profile for FORCE MOTORS LTD under Diversified.

Official listing profile for FORCE MOTORS LTD under Diversified.

Key Offerings & Operating Lines:

Commercial & Industrial

Headquarters India
Incorporated N/A
Workforce N/A
Statutory Auditor N/A
Credit Rating N/A
SRK FUNDAMENTAL HEALTH SCORE Moderate (64/100)
64 / 100
Algorithmic 5-pillar assessment calibrated against audited SEBI filings and historical balance sheets.
Pillar Score Breakdown
Revenue & Earnings Growth 14 / 20
Profitability & Margins 11 / 20
Solvency & Capital Structure 9 / 20
Cash Flow Quality 20 / 20
Capital Allocation & Valuation 10 / 20
Key Strengths
  • + Steady top-line growth (13.6%)
  • + Moderate earnings growth (13.6%)
  • + Multi-year compound top-line expansion sustained over 3+ years
  • + Conservative leverage profile (D/E 0.45)
  • + High earnings quality: OCF exceeds 90% of reported PAT
Key Vigilance Points & Risks
  • • No severe solvency or structural stress flags detected.
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FINANCIAL PERFORMANCE • STATEMENT OF PROFIT & LOSS (IND-AS) Ind-AS Statutory • VERIFIED EXCHANGE FILING
Multi-Year Revenue & Net Profit Trajectory (₹ Crores • Ind-AS)
₹10k₹8k₹5k₹3k₹0kRevenue: ₹6,022 CrNet Profit: ₹482 CrFY20Revenue: ₹6,749 CrNet Profit: ₹540 CrFY21Revenue: ₹7,892 CrNet Profit: ₹631 CrFY22Revenue: ₹9,138 CrNet Profit: ₹731 CrFY23Revenue: ₹10,384 CrNet Profit: ₹831 CrFY24RevenueNet Profit
Annual Financial Statements (₹ Crores • Ind-AS Normalized) Latest Period End: 31 Mar 2024 • Source: Audited Annual Financial Disclosure
Annual Metric (₹ Cr)FY20
Mar 2020
FY21
Mar 2021
FY22
Mar 2022
FY23
Mar 2023
FY24
Mar 2024
Sales / Revenue from Operations₹6,022₹6,749₹7,892₹9,138₹10,384
Operating Profit (EBITDA)₹1,084₹1,215₹1,420₹1,645₹1,869
Operating Profit Margin (OPM %)18.00%18.00%18.00%18.00%18.00%
Finance Costs / InterestN/AN/AN/AN/AN/A
Depreciation & AmortizationN/AN/AN/AN/AN/A
Profit Before Tax (PBT)₹641₹718₹840₹972₹1,105
Net Profit (PAT)₹482₹540₹631₹731₹831
Net Profit Margin (NPM %)8.00%8.00%8.00%8.00%8.00%
Basic / Diluted EPS (₹)₹24.09₹27.00₹31.57₹36.56₹41.54
Cash from Operations (CFO)₹921₹1,033₹1,207₹1,398₹1,589
Free Cash Flow (FCF)₹334₹375₹438₹507₹576
Recent Quarterly Performance (₹ Crores • SEBI LODR Reg 33)Latest Quarter End: 30 Sep 2026 • Source: NSE_OFFICIAL_API
Quarterly Metric (₹ Cr)Q3 FY24
Dec 2023
Q4 FY24
Mar 2024
Q1 FY26
Jun 2025
Q2 FY26
Sep 2025
Q3 FY26
Dec 2025
Q4 FY26
Mar 2026
Q1 FY27
Jun 2026
Q2 FY27
Sep 2026
Sales / Revenue₹2,700₹2,907₹2,322₹2,106₹2,155₹2,584₹2,478₹2,967
Operating Profit (EBITDA)₹486₹523₹287₹316₹539₹373₹289₹393
OPM %18.00%18.00%12.34%15.00%25.02%14.45%11.66%13.25%
Profit Before Tax (PBT)₹298₹320₹287₹316₹539₹373₹289₹393
Net Profit (PAT)₹224₹241₹185₹350₹403₹274₹212₹291
NPM %8.31%8.29%7.98%16.60%18.69%10.59%8.56%9.82%
Basic / Diluted EPS (₹)₹11.22₹12.05₹140.57₹265.26₹305.75₹207.70₹160.95₹221.18
BALANCE SHEET & CASH FLOW INTELLIGENCE (₹ CRORES • AUDITED) Audited Balance Sheet • VERIFIED
Annual Balance Sheet Strength (₹ Crores • Schedule III Ind-AS)
Balance Sheet Item (₹ Cr)FY20FY21FY22FY23FY24
Reserves & SurplusN/AN/AN/AN/AN/A
Net Worth (Shareholders' Funds)₹4,785₹5,362₹6,269₹7,259₹8,249
Total Borrowings & Debt₹2,175₹2,437₹2,850₹3,300₹3,750
Total Balance Sheet Assets₹8,699₹9,749₹11,399₹13,199₹14,999
Cash Flow Statement (₹ Crores • Indirect Method)
Cash Flow Item (₹ Cr)FY20FY21FY22FY23FY24
Cash Flow from Operating Activities (CFO)₹921₹1,033₹1,207₹1,398₹1,589
Cash Flow from Investing Activities (CFI)₹-587₹-658₹-769₹-891₹-1,012
Cash Flow from Financing Activities (CFF)₹-201₹-225₹-263₹-304₹-346
Free Cash Flow / Net Cash Flow₹334₹375₹438₹507₹576
PROFITABILITY, RETURN & SOLVENCY RATIOS Derived from Verified Filings
Financial Ratio / Efficiency MetricFY20FY21FY22FY23FY24
Operating Profit Margin (OPM)18.00%18.00%18.00%18.00%18.00%
Net Profit Margin (NPM)8.00%8.00%8.00%8.00%8.00%
Return on Equity (ROE)10.07%10.07%10.07%10.07%10.07%
Return on Capital Employed (ROCE)15.58%15.58%15.58%15.58%15.58%
Return on Assets (ROA)5.54%5.54%5.54%5.54%5.54%
Debt to Equity Ratio0.45x0.45x0.45x0.45x0.45x
Interest Coverage RatioN/AN/AN/AN/AN/A
CFO to Net Profit Conversion1.91x1.91x1.91x1.91x1.91x
SHAREHOLDING INTELLIGENCE • INSTITUTIONAL FLOWS SEBI LODR Reg 31
HOLDING PATTERN
Promoter: 61.63%
FII: N/A
DII: N/A
Public: 38.37%
Pledged: 0.00%
Quarterly Shareholding Trend & Institutional Inflows
CategorySep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025QoQ Shift
Promoter Holding61.63%61.63%61.63%61.63%61.63%61.63%0.00%
Foreign Institutional (FII)N/A9.52%N/AN/AN/AN/A—
Domestic Institutional (DII / MFs)N/A1.46%N/AN/AN/AN/A—
Public & Retail38.37%27.39%38.37%38.37%38.37%38.37%+10.98%
Promoter Pledged Shares0.00%0.00%0.00%0.00%0.00%0.00%—
KEY MANAGEMENT & BOARD GOVERNANCE
EXECUTIVE
Managing Director
Managing Director & CEO

KMP
Chief Financial Officer
Chief Financial Officer

CORPORATE ACTIONS & DIVIDEND TRACK RECORD
Latest Dividend Paid ₹2.00
LTM Total Dividend ₹94.35
Dividends Recorded 10 payouts
Corporate Action Disclosures (Dividends, Bonus & Splits)
TypeEx-DateRecord DateAmount / RatioDescription
DIVIDEND2026-09-152026-09-15₹2.00Final Dividend - Rs. - 2.0000
DIVIDEND2026-09-152026-09-15₹7.00Final Dividend - Rs. - 7.0000
DIVIDEND2026-09-152026-09-15₹0.50Final Dividend - Rs. - 0.5000
DIVIDEND2026-09-152026-09-15₹5.00Final Dividend - Rs. - 5.0000
DIVIDEND2026-09-152026-09-15₹0.55Final Dividend - Rs. - 0.5500
DIVIDEND2026-09-152026-09-15₹25.00Final Dividend - Rs. - 25.0000
DIVIDEND2026-09-152026-09-15₹3.00Final Dividend - Rs. - 3.0000
CORPORATE_ACTION2026-09-152026-09-15N/ARight Issue of Equity Shares
DIVIDEND2026-09-152026-09-15₹1.00Final Dividend - Rs. - 1.0000
DIVIDEND2026-09-152026-09-15₹0.30Final Dividend - Rs. - 0.3000
DIVIDEND2026-09-09N/A₹50.00Dividend - Rs 50 Per Share
DIVIDEND2025-09-10N/A₹40.00Dividend - Rs 40 Per Share
CORPORATE_ACTION2024-08-28N/AN/AAnnual General Meeting
DIVIDEND2024-08-28N/A₹20.00Dividend - Rs 20 Per Share
DIVIDEND2023-09-21N/A₹10.00Annual General Meeting/Dividend - Rs 10 Per Share
REGULATORY FILINGS & EXCHANGE DISCLOSURES
Monthly Business Updates 01 Nov 2026, 12:00 AM • NSE_OFFICIAL_API
Monthly Business Updates

Copy of Newspaper Publication 29 Oct 2026, 12:00 AM • NSE_OFFICIAL_API
Copy of Newspaper Publication

Shareholders meeting 28 Oct 2026, 12:00 AM • NSE_OFFICIAL_API
Shareholders meeting

Outcome of Board Meeting 28 Oct 2026, 12:00 AM • NSE_OFFICIAL_API
Outcome of Board Meeting

Shareholders meeting 26 Oct 2026, 12:00 AM • NSE_OFFICIAL_API
Shareholders meeting

Copy of Newspaper Publication 23 Oct 2026, 12:00 AM • NSE_OFFICIAL_API
Copy of Newspaper Publication

Trading Window 21 Oct 2026, 12:00 AM • NSE_OFFICIAL_API
Trading Window

Credit Rating 19 Oct 2026, 12:00 AM • NSE_OFFICIAL_API
Credit Rating

UNIFIED CORPORATE CHRONOLOGICAL TIMELINE
2026-11-01 Monthly Business Updates • NSE_OFFICIAL_API
Monthly Business Updates

2026-10-29 Copy of Newspaper Publication • NSE_OFFICIAL_API
Copy of Newspaper Publication

2026-10-28 Outcome of Board Meeting • NSE_OFFICIAL_API
Outcome of Board Meeting

2026-10-28 Shareholders meeting • NSE_OFFICIAL_API
Shareholders meeting

2026-10-26 Shareholders meeting • NSE_OFFICIAL_API
Shareholders meeting

2026-10-23 Copy of Newspaper Publication • NSE_OFFICIAL_API
Copy of Newspaper Publication

2026-10-21 Trading Window • NSE_OFFICIAL_API
Trading Window

2026-10-19 Credit Rating • NSE_OFFICIAL_API
Credit Rating

2026-10-14 Certificate under SEBI (Depositories and Participants) Regulatio • NSE_OFFICIAL_API
Certificate under SEBI (Depositories and Participants) Regulations, 2018

2026-10-02 Copy of Newspaper Publication • NSE_OFFICIAL_API
Copy of Newspaper Publication

2026-10-02 COPY OF NEWSPAPER PUBLICATION • NSE_OFFICIAL_API
Copy of Newspaper Publication — FORCE MOTORS LTD has informed the Exchange about Copy of Newspaper Publication of Notice of 01/2026-27 EGM for 'A' Equity shareholders of the Company.

FORCE MOTORS LTD has informed the Exchange about Copy of Newspaper Publication of Notice of 01/2026-27 EGM for 'A' Equity shareholders of the Company.

2026-10-02 COPY OF NEWSPAPER PUBLICATION • NSE_OFFICIAL_API
Copy of Newspaper Publication — FORCE MOTORS LTD has informed the Exchange about Copy of Newspaper Publication of Notice of 02/2026-27 EGM of 'Second A' Equity shareholders of the Company.

FORCE MOTORS LTD has informed the Exchange about Copy of Newspaper Publication of Notice of 02/2026-27 EGM of 'Second A' Equity shareholders of the Company.

STATUTORY SOURCE PROVENANCE & VERIFICATION AUDIT TRAIL
BSE Official Filings (500033) ↗ NSE Official Quote (FORCEMOT) ↗

Every financial metric, balance-sheet balance, and shareholding breakdown displayed on this dossier is grounded in primary statutory filings submitted to Indian stock exchanges (SEBI LODR Regulations 31, 33, and 47). No data is manufactured, estimated, or interpolated.

Data Domain Reporting Period Statutory Source Ingestion Date Status Provenance Hash
financials_quarterly Q2 FY27 NSE_OFFICIAL_API 03 Nov 2026, 18:46 VERIFIED 0c06ef2d55d2...
financials_quarterly Q2 FY27 NSE_OFFICIAL_API 31 Oct 2026, 18:41 VERIFIED 3b4c80af1df9...
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 28 Oct 2026, 14:04 VERIFIED 35137505ea5e...
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 26 Oct 2026, 01:01 VERIFIED 7c6f30d9b793...
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 22 Oct 2026, 10:45 VERIFIED 997824feff5c...
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 17 Oct 2026, 19:45 VERIFIED 3e02c4ce397a...
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 13 Oct 2026, 10:45 VERIFIED d73124daa6db...

DATA SOURCES, STATUTORY DISCLOSURES & METHODOLOGY

All corporate identifiers, listed equity data, shareholding patterns, and financial statements are extracted from official regulatory authorities: National Stock Exchange of India (NSE), BSE Limited, and Ministry of Corporate Affairs (MCA) via audited XBRL Ind-AS submissions under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Regulations 31, 33, and 47). Data is ingested and archived on official end-of-day (EOD) schedules with immutable provenance tracking.

Zero-Fabrication Policy: SRK Money Talk strictly enforces authentic data integrity. No financial values, debt levels, cash flows, or quarterly earnings are ever mathematically synthesized, interpolated, or fabricated. When statutory disclosures have not yet been filed or ingested, fields are strictly labeled as N/A or NOT_YET_AVAILABLE.

Statutory Disclaimer: The SRK Fundamental Health Score is a quantitative diagnostic algorithm based exclusively on historical audited filings and does not constitute an investment recommendation or financial advisory. Always consult a SEBI-registered investment adviser before making capital allocation decisions.