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Compare Force Motors with Bajaj Auto Ltd - Equitymaster

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FORCE MOTORS vs BAJAJ AUTO - Comparison Results

FORCE MOTORS    Change

Force Motors Ltd. (erstwhile Bajaj Tempo), promoted by the Firodia Group manufactures 3-wheelers (passenger and goods versions), Utlity Vehicles (UV), Light Commercial Vehicles (LCV) and Heavy Commercial Vehicles (HCV). The company is also engaged i... More

BAJAJ AUTO 
   Change

Bajaj Auto enjoys a 25.4% market share (FY12) in the motorcycle segment in India. The company's sales mix (in terms of units sold) consists of motorcycles (88%) and three-wheelers (12%). Though the company has traditionally been a key player in the g... More

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Current Valuations

    FORCE MOTORS BAJAJ AUTO FORCE MOTORS/
BAJAJ AUTO
 
P/E (TTM) x 24.5 21.2 115.8% View Chart
P/BV x 2.4 4.7 52.1% View Chart
Dividend Yield % 0.4 1.9 19.1%  

Financials

 FORCE MOTORS   BAJAJ AUTO
EQUITY SHARE DATA
    FORCE MOTORS
Mar-16
BAJAJ AUTO
Mar-17
FORCE MOTORS/
BAJAJ AUTO
5-Yr Chart
Click to enlarge
High Rs3,7853,122 121.2%   
Low Rs1,3832,350 58.8%   
Sales per share (Unadj.) Rs2,321.8738.6 314.3%  
Earnings per share (Unadj.) Rs136.2141.0 96.6%  
Cash flow per share (Unadj.) Rs206.0151.6 135.9%  
Dividends per share (Unadj.) Rs10.0055.00 18.2%  
Dividend yield (eoy) %0.42.0 19.3%  
Book value per share (Unadj.) Rs1,124.8617.1 182.3%  
Shares outstanding (eoy) m13.18289.37 4.6%   
Bonus/Rights/Conversions ---  
Price / Sales ratio x1.13.7 30.0%   
Avg P/E ratio x19.019.4 97.7%  
P/CF ratio (eoy) x12.518.0 69.5%  
Price / Book Value ratio x2.34.4 51.8%  
Dividend payout %7.339.0 18.8%   
Avg Mkt Cap Rs m34,057791,745 4.3%   
No. of employees `000NA9.5 0.0%   
Total wages/salary Rs m3,0379,974 30.4%   
Avg. sales/employee Rs ThNM22,477.1-  
Avg. wages/employee Rs ThNM1,048.9-  
Avg. net profit/employee Rs ThNM4,290.1-  
INCOME DATA
Net Sales Rs m30,601213,735 14.3%  
Other income Rs m71412,222 5.8%   
Total revenues Rs m31,316225,958 13.9%   
Gross profit Rs m2,74446,740 5.9%  
Depreciation Rs m9193,073 29.9%   
Interest Rs m4314 308.6%   
Profit before tax Rs m2,49655,876 4.5%   
Minority Interest Rs m-10 -800.0%   
Prior Period Items Rs m00-   
Extraordinary Inc (Exp) Rs m00-   
Tax Rs m70015,081 4.6%   
Profit after tax Rs m1,79640,795 4.4%  
Gross profit margin %9.021.9 41.0%  
Effective tax rate %28.027.0 103.9%   
Net profit margin %5.919.1 30.7%  
BALANCE SHEET DATA
Current assets Rs m12,17894,685 12.9%   
Current liabilities Rs m7,16732,128 22.3%   
Net working cap to sales %16.429.3 55.9%  
Current ratio x1.72.9 57.7%  
Inventory Days Days6512 525.0%  
Debtors Days Days1816 110.2%  
Net fixed assets Rs m9,97920,440 48.8%   
Share capital Rs m1322,894 4.6%   
"Free" reserves Rs m14,690175,672 8.4%   
Net worth Rs m14,824178,566 8.3%   
Long term debt Rs m260-   
Total assets Rs m22,973216,376 10.6%  
Interest coverage x58.83,992.1 1.5%   
Debt to equity ratio x00-  
Sales to assets ratio x1.31.0 134.9%   
Return on assets %8.018.9 42.4%  
Return on equity %12.122.8 53.0%  
Return on capital %17.131.3 54.6%  
Exports to sales %1.60-   
Imports to sales %32.70-   
Exports (fob) Rs m499NA-   
Imports (cif) Rs m10,014NA-   
Fx inflow Rs m49973,365 0.7%   
Fx outflow Rs m10,0696,979 144.3%   
Net fx Rs m-9,57066,386 -14.4%   
CASH FLOW
From Operations Rs m2,63532,674 8.1%  
From Investments Rs m-2,100-36,832 5.7%  
From Financial Activity Rs m-392-1,901 20.6%  
Net Cashflow Rs m143-5,324 -2.7%  

Share Holding

Indian Promoters % 59.4 49.2 120.7%  
Foreign collaborators % 0.0 0.0 -  
Indian inst/Mut Fund % 0.7 10.6 6.6%  
FIIs % 5.8 15.0 38.7%  
ADR/GDR % 0.0 0.0 -  
Free float % 34.1 25.1 135.9%  
Shareholders   18,200 78,518 23.2%  
Pledged promoter(s) holding % 0.0 0.1 -  
NM: Not Meaningful
Source: Company Annual Reports, Regulatory Filings, Equitymaster

Compare FORCE MOTORS With:   TVS MOTORS  HMT LTD.  ATLAS CYCLE (HAR)  MARUTI SUZUKI  M&M  

Compare FORCE MOTORS With:   SAIC MOTOR (China)  DONGFENG MOTOR (China)  HYUNDAI (S. Korea)  FORD (US)  



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FORCE MOTORS Announces Quarterly Results (4QFY18); Net Profit Up 10.4%

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For the quarter ended March 2018, FORCE MOTORS has posted a net profit of Rs 606 m (up 10.4% YoY). Sales on the other hand came in at Rs 10 bn (up 8.8% YoY). Read on for a complete analysis of FORCE MOTORS's quarterly results.

BAJAJ AUTO Announces Quarterly Results (4QFY18); Net Profit Up 34.8%

May 21, 2018 | Updated on May 21, 2018

For the quarter ended March 2018, BAJAJ AUTO has posted a net profit of Rs 11 bn (up 34.8% YoY). Sales on the other hand came in at Rs 68 bn (up 32.3% YoY). Read on for a complete analysis of BAJAJ AUTO's quarterly results.

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