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- FORCE MOTORS - EICHER MOTOR
FORCE MOTORS vs EICHER MOTOR - 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
EICHER MOTOR 
Founded in 1982, Eicher Motors is one of the leading manufacturers of commercial vehicles in India with a market leading position in the 7 to 11 tonnes segments. The technical assistance agreement with Mitsubishi, which was started in 1986 ended in M... More
Current Valuations
| FORCE MOTORS | EICHER MOTOR | FORCE MOTORS/ EICHER MOTOR |
|||
|---|---|---|---|---|---|
| P/E (TTM) | x | 32.0 | 7.0 | 455.8% | View Chart |
| P/BV | x | 1.0 | 0.8 | 118.3% | View Chart |
| Dividend Yield | % | 0.7 | 4.2 | 16.9% |
Financials
 FORCE MOTORS  EICHER MOTOR |
| EQUITY SHARE DATA | |||||
|---|---|---|---|---|---|
| FORCE MOTORS Mar-19 |
EICHER MOTOR Mar-20 |
FORCE MOTORS/ EICHER MOTOR |
5-Yr Chart Click to enlarge
|
||
| High | Rs | 3,238 | 23,428 | 13.8% | |
| Low | Rs | 1,300 | 12,950 | 10.0% | |
| Sales per share (Unadj.) | Rs | 2,771.2 | 3,323.6 | 83.4% | |
| Earnings per share (Unadj.) | Rs | 108.8 | 669.4 | 16.3% | |
| Cash flow per share (Unadj.) | Rs | 223.3 | 809.2 | 27.6% | |
| Dividends per share (Unadj.) | Rs | 10.00 | 125.00 | 8.0% | |
| Dividend yield (eoy) | % | 0.4 | 0.7 | 64.1% | |
| Book value per share (Unadj.) | Rs | 1,466.8 | 3,656.0 | 40.1% | |
| Shares outstanding (eoy) | m | 13.18 | 27.30 | 48.3% | |
| Bonus/Rights/Conversions | - | ESOP | - | ||
| Price / Sales ratio | x | 0.8 | 5.5 | 15.0% | |
| Avg P/E ratio | x | 20.9 | 27.2 | 76.7% | |
| P/CF ratio (eoy) | x | 10.2 | 22.5 | 45.2% | |
| Price / Book Value ratio | x | 1.5 | 5.0 | 31.1% | |
| Dividend payout | % | 9.2 | 18.7 | 49.2% | |
| Avg Mkt Cap | Rs m | 29,905 | 496,557 | 6.0% | |
| No. of employees | `000 | 7.2 | 4.9 | 146.9% | |
| Total wages/salary | Rs m | 4,181 | 7,958 | 52.5% | |
| Avg. sales/employee | Rs Th | 5,074.3 | 18,521.2 | 27.4% | |
| Avg. wages/employee | Rs Th | 580.9 | 1,624.4 | 35.8% | |
| Avg. net profit/employee | Rs Th | 199.2 | 3,730.2 | 5.3% | |
| INCOME DATA | |||||
|---|---|---|---|---|---|
| Net Sales | Rs m | 36,525 | 90,736 | 40.3% | |
| Other income | Rs m | 816 | 5,433 | 15.0% | |
| Total revenues | Rs m | 37,341 | 96,168 | 38.8% | |
| Gross profit | Rs m | 2,788 | 21,804 | 12.8% | |
| Depreciation | Rs m | 1,509 | 3,815 | 39.6% | |
| Interest | Rs m | 153 | 189 | 81.2% | |
| Profit before tax | Rs m | 1,942 | 23,232 | 8.4% | |
| Minority Interest | Rs m | -40 | 317 | -12.6% | |
| Prior Period Items | Rs m | 0 | 0 | - | |
| Extraordinary Inc (Exp) | Rs m | 0 | 0 | - | |
| Tax | Rs m | 467 | 5,275 | 8.9% | |
| Profit after tax | Rs m | 1,434 | 18,274 | 7.8% | |
| Gross profit margin | % | 7.6 | 24.0 | 31.8% | |
| Effective tax rate | % | 24.1 | 22.7 | 106.0% | |
| Net profit margin | % | 3.9 | 20.1 | 19.5% | |
| BALANCE SHEET DATA | |||||
|---|---|---|---|---|---|
| Current assets | Rs m | 10,914 | 63,746 | 17.1% | |
| Current liabilities | Rs m | 6,531 | 20,246 | 32.3% | |
| Net working cap to sales | % | 12.0 | 47.9 | 25.0% | |
| Current ratio | x | 1.7 | 3.1 | 53.1% | |
| Inventory Days | Days | 50 | 23 | 218.6% | |
| Debtors Days | Days | 17 | 3 | 476.8% | |
| Net fixed assets | Rs m | 15,876 | 45,817 | 34.7% | |
| Share capital | Rs m | 132 | 273 | 48.3% | |
| "Free" reserves | Rs m | 19,200 | 99,536 | 19.3% | |
| Net worth | Rs m | 19,332 | 99,809 | 19.4% | |
| Long term debt | Rs m | 2,056 | 0 | - | |
| Total assets | Rs m | 28,360 | 124,497 | 22.8% | |
| Interest coverage | x | 13.7 | 124.0 | 11.0% | |
| Debt to equity ratio | x | 0.1 | 0 | - | |
| Sales to assets ratio | x | 1.3 | 0.7 | 176.7% | |
| Return on assets | % | 5.6 | 14.8 | 37.7% | |
| Return on equity | % | 7.4 | 18.3 | 40.5% | |
| Return on capital | % | 9.6 | 23.8 | 40.4% | |
| Exports to sales | % | 0 | 7.8 | 0.0% | |
| Imports to sales | % | 0 | 0 | - | |
| Exports (fob) | Rs m | NA | 7,095 | 0.0% | |
| Imports (cif) | Rs m | NA | NA | - | |
| Fx inflow | Rs m | 215 | 7,095 | 3.0% | |
| Fx outflow | Rs m | 12,885 | 3,928 | 328.1% | |
| Net fx | Rs m | -12,670 | 3,167 | -400.0% | |
| CASH FLOW | |||||
|---|---|---|---|---|---|
| From Operations | Rs m | 3,140 | 16,941 | 18.5% | |
| From Investments | Rs m | -6,056 | -15,084 | 40.1% | |
| From Financial Activity | Rs m | 2,563 | -8,583 | -29.9% | |
| Net Cashflow | Rs m | -353 | -6,725 | 5.2% | |
Share Holding
| Indian Promoters | % | 59.4 | 55.1 | 107.8% | |
| Foreign collaborators | % | 0.0 | 0.0 | - | |
| Indian inst/Mut Fund | % | 0.7 | 5.1 | 13.7% | |
| FIIs | % | 5.8 | 20.0 | 29.0% | |
| ADR/GDR | % | 0.0 | 0.0 | - | |
| Free float | % | 34.1 | 19.8 | 172.2% | |
| Shareholders | 18,200 | 26,054 | 69.9% | ||
| Pledged promoter(s) holding | % | 0.0 | 0.0 | - |
Compare FORCE MOTORS With: VST TILLERS TVS MOTORS SML ISUZU ASHOK LEYLAND ATUL AUTO
Compare FORCE MOTORS With: SAIC MOTOR (China) HYUNDAI (S. Korea) DONGFENG MOTOR (China) FORD (US)
Today's Market
Crucial Week Ahead for the Indian Stock Market(Momentum Moves)
The market scaled new life-time highs this week but it was the bears who took control. The benchmark indices, Sensex and Nifty ended mostly flat for the week but the momentum was in favour of the bears.
Related Views on News
EICHER MOTOR Announces Quarterly Results (1QFY21); Net Profit Down 97.7% (Quarterly Result Update)
Sep 14, 2020 | Updated on Sep 14, 2020For the quarter ended June 2020, EICHER MOTOR has posted a net profit of Rs 102 m (down 97.7% YoY). Sales on the other hand came in at Rs 8 bn (down 65.7% YoY). Read on for a complete analysis of EICHER MOTOR's quarterly results.
EICHER MOTOR 2018-19 Annual Report Analysis (Annual Result Update)
Aug 7, 2020 | Updated on Aug 7, 2020Here's an analysis of the annual report of EICHER MOTOR for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of EICHER MOTOR. Also includes updates on the valuation of EICHER MOTOR.
EICHER MOTOR Announces Quarterly Results (2QFY20); Net Profit Up 19.7% (Quarterly Result Update)
Nov 12, 2019 | Updated on Nov 12, 2019For the quarter ended September 2019, EICHER MOTOR has posted a net profit of Rs 6 bn (up 19.7% YoY). Sales on the other hand came in at Rs 22 bn (down 9.0% YoY). Read on for a complete analysis of EICHER MOTOR's quarterly results.
FORCE MOTORS Announces Quarterly Results (2QFY20); Net Profit Down 81.0% (Quarterly Result Update)
Oct 18, 2019 | Updated on Oct 18, 2019For the quarter ended September 2019, FORCE MOTORS has posted a net profit of Rs 75 m (down 81.0% YoY). Sales on the other hand came in at Rs 8 bn (down 14.3% YoY). Read on for a complete analysis of FORCE MOTORS's quarterly results.
EICHER MOTOR 2018-19 Annual Report Analysis (Annual Result Update)
Sep 16, 2019 | Updated on Sep 16, 2019Here's an analysis of the annual report of EICHER MOTOR for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of EICHER MOTOR. Also includes updates on the valuation of EICHER MOTOR.
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