Force Motors financials

·Auto & MobilityChart ›
Latest results Q2 FY27 · Jul–Sep 2026
Revenue
₹2,925cr+40.5% on Q2 FY26
Net profit
₹294cr−16.2% on Q2 FY26
EBITDA margin
14.8%−2.6 pts on Q2 FY26
EPS
₹223.03−16.2% on Q2 FY26

Quarterly results

Every quarter ›
₹ croreQ2 FY27Q2 FY26Change
Revenue2,9252,081+40.5%
EBITDA434363+19.5%
EBITDA margin14.8%17.4%−2.6 pts
Profit before tax393316+24.2%
Net profit294351−16.2%
EPS₹223.03₹266.14−16.2%

Over time

Q2 FY27 · Jul–Sep 2026latest
Revenue₹2,925 crNet profit₹294 crNet margin10.1%

Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.

Key numbersby financial year

₹ crore except per share
Tap a line for its trendCurrentlast 12MFY26Mar 2026FY25Mar 2025FY24Mar 2024
22,216———
734830507448
2.52.52.32.2
0.00.017.4525
21,485———
10,0439,0578,0726,992
—+12.2%+15.4%—
1,5501,4831,093909
15.4%16.4%13.5%13.0%
1,2461,197812642
1,1951,212801388
11.9%13.4%9.9%5.6%
₹906.73₹919.29₹607.54₹294.45
—+51.3%+106.3%—
—1,2979711,014
—−540−367−208
757757605806
Open the chart

From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

FORCEMOT₹16,856.00

Force Motors Ltd.

· Auto & Mobility
₹ CrorePeersEICHERMOTATHERENERGJBMAOLAELECTENNINDARE&MASAHIINDIASONACOMSMcap ₹22,216 Cr
HighlightsEnterprise ValueMultiplesPer ShareAnnuals · FY-end closes
In ₹ Crore except Per Share
12 Months Ending
FY24
31/03/2024
FY25
31/03/2025
FY26
31/03/2026
Current/LTM
TTM · last close
Market Capitalization———22,216.2
- Cash, Equiv & ST Investments448.2506.6830.4733.7
+ Minority Interest2.22.32.52.5
+ Total Debt524.517.40.00.0
Enterprise Value———21,485.0
Revenue6,992.18,071.79,057.110,043.1
Growth %, YoY—+15.4+12.2—
EBITDA908.71,092.71,483.21,549.8
Margin %13.0013.5416.3815.43
EBIT641.9812.51,197.21,245.9
Net Income388.2800.91,211.81,195.2
Margin %5.559.9213.3811.90
EPS, Adj (current shares)294.45607.54919.29906.73
Growth %, YoY—+106.3+51.3—
Cash from Operations1,014.5971.51,297.1—
Capital Expenditures-208.4-366.9-539.6—
Free Cash Flow806.1604.6757.5757.5
Market Cap/EV/multiples pair each (split/bonus-adjusted) FY-end close with the latest filed share count; Current column uses the last close. Market Capitalization is a market-level figure — identical across Consolidated/Standalone (the accounting rows below differ). No consensus estimates → no Est columns. Click any row to chart it.
« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave
Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.

Force Motors financials and key ratios

Prices at the 29 October 2026 close · figures from the company's filings with NSE

Force Motors (NSE: FORCEMOT) had a market capitalisation of ₹22,874 crore at the 29 October 2026 close (₹17,355.00 a share), a PE ratio of 19.1 on the last four quarters' profit and a price-to-book ratio of 4.93. In FY26 its consolidated net profit was ₹1,212 crore on revenue of ₹9,057 crore; in Q2 FY27 (July–September 2026) it was ₹294 crore, down 16.2% year on year. It had no borrowings on 30 September 2026. Promoters held 61.63% of the shares on 30 September 2026.

Force Motors Q2 FY27 results
filed 28 October 2026
Share price used
₹17,355.00 · 29 October 2026 close
Latest balance sheet
30 September 2026
Shareholding pattern
30 September 2026

Force Motors at a glance · consolidated

Market cap
₹22,874 Crat ₹17,355.00 · 29 Oct close
PE ratio (last 4 quarters)
19.118.9 on FY26 profit
Price to book (PB)
4.93book value ₹3,518.84 a share
ROE (FY26)
33.5%+3.3 pts vs FY25ROCE 30.3%
Debt to equity
0.00net cash ₹985 Cr
Promoter holding
61.63%unchanged vs 30 Jun 202630 September 2026
Dividend yield
0.29%₹50 a share in 12 months
Net worth
₹4,638 Cr+32.3% vs 30 Sep 202530 September 2026
Free cash flow (FY26)
₹757 Cr+25.3% vs FY25

Questions

What is the Force Motors PE ratio today?

Force Motors' PE ratio is 19.1 at the 29 October 2026 close (₹17,355.00 a share): a market capitalisation of ₹22,874 crore divided by consolidated net profit of ₹1,195 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit (₹1,212 crore) it is 18.9.

What is the Force Motors net worth?

Force Motors' net worth — shareholders' equity in its consolidated balance sheet — was ₹4,638 crore on 30 September 2026, up 32.3% from ₹3,506 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹22,874 crore at the 29 October 2026 close.

What is the Force Motors book value per share?

Force Motors' book value per share was ₹3,518.84 on 30 September 2026: shareholders' equity of ₹4,638 crore divided by the 1.32 crore shares in issue, up 32.3% from ₹2,660.33 a year earlier. The share price at the 29 October 2026 close was ₹17,355.00.

What is the Force Motors PB ratio (price to book value)?

Force Motors' price-to-book (PB) ratio is 4.93 at the 29 October 2026 close: a market capitalisation of ₹22,874 crore divided by shareholders' equity (book value) of ₹4,638 crore on 30 September 2026. That is a book value of ₹3,518.84 per share against a share price of ₹17,355.00.

What is the Force Motors ROE and ROCE?

In FY26, Force Motors' return on equity (ROE) was 33.5% and its return on capital employed (ROCE) was 30.3%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 30.3% and ROCE 26.3%.

What is the Force Motors dividend yield?

Force Motors' dividend yield is 0.29% at the 29 October 2026 close: dividends of ₹50 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹17,355.00. They were ₹50 on 9 September 2026.

What is the Force Motors market cap?

Force Motors' market capitalisation was ₹22,874 crore at the 29 October 2026 close: 1.32 crore shares at ₹17,355.00 each.

Is Force Motors debt free?

Yes. Force Motors had no borrowings on 30 September 2026 (consolidated balance sheet), and it held ₹985 crore of cash, bank balances and current investments.

What is the Force Motors EPS?

Force Motors' basic earnings per share (EPS) were ₹919.56 in FY26, against ₹607.71 in FY25. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to ₹906.98.

What is the Force Motors debt to equity ratio?

Force Motors' debt-to-equity ratio was 0.00 on 30 September 2026: no borrowings against total equity of ₹4,640 crore. A year earlier, on 30 September 2025, it was 0.00.

What is the Force Motors dividend in 2026 and its record date?

In 2026, Force Motors has declared one dividend: ₹50 with record date 9 September 2026.

What is the Force Motors promoter holding?

Promoters held 61.63% of Force Motors on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.

What is the Force Motors shareholding pattern?

On 30 September 2026, Force Motors' shares were held by promoters 61.63%, foreign portfolio investors (FII/FPI) 7.09%, domestic institutions (DII) 2.49% (including mutual funds at 1.72%) and retail and other non-institutional investors 28.79%. Over the year, FII holding was down 3.18 percentage points from 10.27% and DII holding was up 1.01 percentage points from 1.48%.

What are the Force Motors latest quarterly results?

Force Motors' latest results are for Q2 FY27 (July–September 2026), filed on 28 October 2026: consolidated net profit ₹294 crore, down 16.2% from ₹351 crore in Q2 FY26; revenue from operations ₹2,925 crore, up 40.5% year on year.

How does Force Motors compare with its peers?

On FY26 consolidated figures, against Eicher Motors, Ather Energy and JBM Auto: Force Motors' operating margin of 13.2% is the second highest of the four (Eicher Motors 21.1%, Ather Energy −15.8%, JBM Auto 8.7%; peer average 4.7%); its return on equity of 33.5% is the highest of the four (Eicher Motors 23.8%, Ather Energy −33.7%, JBM Auto 15.2%; peer average 1.7%).

What is the Force Motors free cash flow?

In FY26, Force Motors generated ₹1,297 crore of cash from operations and spent ₹540 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹757 crore. In FY25 it was ₹605 crore.

What is the Force Motors revenue and profit in FY26?

In FY26 (April 2025–March 2026), Force Motors' consolidated net profit was ₹1,212 crore, up 51.3% from ₹801 crore in FY25, on revenue from operations of ₹9,057 crore (up 12.2%).

When are the Force Motors next results?

Force Motors has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.

Force Motors vs Eicher Motors: how do they compare?

In FY26, Force Motors earned net profit of ₹1,212 crore on revenue of ₹9,057 crore, against ₹5,515 crore on ₹23,408 crore for Eicher Motors. Force Motors' operating margin was 13.2% (Eicher Motors 21.1%) and its return on equity 33.5% (Eicher Motors 23.8%). At the 29 October 2026 close, Force Motors' market capitalisation was ₹22,874 crore against ₹1,98,189 crore for Eicher Motors, and its PE ratio on FY26 profit 18.9 against 35.9.

Where do these Force Motors figures come from?

From Force Motors' own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.

Consolidated figures from the company's filings with NSE; prices are NSE closing prices.