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ChangeForce 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
Mahindra & Mahindra (M&M) is engaged in the manufacture of UVs, tractors, light commercial vehicles (LCVs) and three-wheelers. While automotive division comprising UVs, LCVs and three-wheelers contributed to 58.5% of FY12 standalone revenues, farm eq... More
| FORCE MOTORS | M&M | FORCE MOTORS/ M&M |
|||
|---|---|---|---|---|---|
| P/E (TTM) | x | 28.3 | 22.1 | 127.8% | View Chart |
| P/BV | x | 3.4 | 3.0 | 115.0% | View Chart |
| Dividend Yield | % | 0.3 | 0.9 | 29.7% |
 FORCE MOTORS  M&M |
| EQUITY SHARE DATA | |||||
|---|---|---|---|---|---|
| FORCE MOTORS Mar-16 |
M&M Mar-16 |
FORCE MOTORS/ M&M |
5-Yr Chart Click to enlarge
|
||
| High | Rs | 3,785 | 1,381 | 274.1% | |
| Low | Rs | 1,383 | 1,092 | 126.6% | |
| Sales per share (Unadj.) | Rs | 2,321.8 | 1,316.4 | 176.4% | |
| Earnings per share (Unadj.) | Rs | 136.2 | 54.2 | 251.4% | |
| Cash flow per share (Unadj.) | Rs | 206.0 | 97.7 | 210.7% | |
| Dividends per share (Unadj.) | Rs | 10.00 | 12.00 | 83.3% | |
| Dividend yield (eoy) | % | 0.4 | 1.0 | 39.9% | |
| Book value per share (Unadj.) | Rs | 1,124.8 | 482.9 | 232.9% | |
| Shares outstanding (eoy) | m | 13.18 | 592.63 | 2.2% | |
| Bonus/Rights/Conversions | - | - | - | ||
| Price / Sales ratio | x | 1.1 | 0.9 | 118.5% | |
| Avg P/E ratio | x | 19.0 | 22.8 | 83.1% | |
| P/CF ratio (eoy) | x | 12.5 | 12.6 | 99.2% | |
| Price / Book Value ratio | x | 2.3 | 2.6 | 89.7% | |
| Dividend payout | % | 7.3 | 22.1 | 33.1% | |
| Avg Mkt Cap | Rs m | 34,057 | 732,728 | 4.6% | |
| No. of employees | `000 | NA | 20.1 | 0.0% | |
| Total wages/salary | Rs m | 3,037 | 79,922 | 3.8% | |
| Avg. sales/employee | Rs Th | NM | 38,771.3 | - | |
| Avg. wages/employee | Rs Th | NM | 3,971.9 | - | |
| Avg. net profit/employee | Rs Th | NM | 1,595.9 | - | |
| INCOME DATA | |||||
|---|---|---|---|---|---|
| Net Sales | Rs m | 30,601 | 780,156 | 3.9% | |
| Other income | Rs m | 714 | 5,410 | 13.2% | |
| Total revenues | Rs m | 31,316 | 785,566 | 4.0% | |
| Gross profit | Rs m | 2,744 | 96,474 | 2.8% | |
| Depreciation | Rs m | 919 | 25,816 | 3.6% | |
| Interest | Rs m | 43 | 33,729 | 0.1% | |
| Profit before tax | Rs m | 2,496 | 42,338 | 5.9% | |
| Minority Interest | Rs m | -1 | -1,399 | 0.1% | |
| Prior Period Items | Rs m | 0 | 9,759 | 0.0% | |
| Extraordinary Inc (Exp) | Rs m | 0 | 50 | 0.0% | |
| Tax | Rs m | 700 | 18,637 | 3.8% | |
| Profit after tax | Rs m | 1,796 | 32,113 | 5.6% | |
| Gross profit margin | % | 9.0 | 12.4 | 72.5% | |
| Effective tax rate | % | 28.0 | 44.0 | 63.7% | |
| Net profit margin | % | 5.9 | 4.1 | 142.6% | |
| BALANCE SHEET DATA | |||||
|---|---|---|---|---|---|
| Current assets | Rs m | 12,178 | 465,450 | 2.6% | |
| Current liabilities | Rs m | 7,167 | 400,571 | 1.8% | |
| Net working cap to sales | % | 16.4 | 8.3 | 196.9% | |
| Current ratio | x | 1.7 | 1.2 | 146.2% | |
| Inventory Days | Days | 65 | 50 | 131.3% | |
| Debtors Days | Days | 18 | 30 | 59.7% | |
| Net fixed assets | Rs m | 9,979 | 241,859 | 4.1% | |
| Share capital | Rs m | 132 | 2,963 | 4.4% | |
| "Free" reserves | Rs m | 14,690 | 247,381 | 5.9% | |
| Net worth | Rs m | 14,824 | 286,196 | 5.2% | |
| Long term debt | Rs m | 26 | 250,963 | 0.0% | |
| Total assets | Rs m | 22,973 | 1,082,229 | 2.1% | |
| Interest coverage | x | 58.8 | 2.3 | 2,606.5% | |
| Debt to equity ratio | x | 0 | 0.9 | 0.2% | |
| Sales to assets ratio | x | 1.3 | 0.7 | 184.8% | |
| Return on assets | % | 8.0 | 6.1 | 131.6% | |
| Return on equity | % | 12.1 | 11.2 | 108.0% | |
| Return on capital | % | 17.1 | 15.7 | 108.7% | |
| Exports to sales | % | 1.6 | 3.0 | 54.4% | |
| Imports to sales | % | 32.7 | 0.9 | 3,680.7% | |
| Exports (fob) | Rs m | 499 | 23,418 | 2.1% | |
| Imports (cif) | Rs m | 10,014 | 6,936 | 144.4% | |
| Fx inflow | Rs m | 499 | 24,279 | 2.1% | |
| Fx outflow | Rs m | 10,069 | 15,318 | 65.7% | |
| Net fx | Rs m | -9,570 | 8,962 | -106.8% | |
| CASH FLOW | |||||
|---|---|---|---|---|---|
| From Operations | Rs m | 2,635 | 9,707 | 27.1% | |
| From Investments | Rs m | -2,100 | -52,384 | 4.0% | |
| From Financial Activity | Rs m | -392 | 39,715 | -1.0% | |
| Net Cashflow | Rs m | 143 | -2,077 | -6.9% | |
| Indian Promoters | % | 59.4 | 25.2 | 235.7% | |
| Foreign collaborators | % | 0.0 | 0.1 | - | |
| Indian inst/Mut Fund | % | 0.7 | 15.9 | 4.4% | |
| FIIs | % | 5.8 | 36.9 | 15.7% | |
| ADR/GDR | % | 0.0 | 5.0 | - | |
| Free float | % | 34.1 | 16.9 | 201.8% | |
| Shareholders | 18,200 | 167,076 | 10.9% | ||
| Pledged promoter(s) holding | % | 0.0 | 7.7 | - |
Compare FORCE MOTORS With: HMT LTD. EICHER MOTOR TUBE INVESTMENTS TVS MOTORS SML ISUZU
Compare FORCE MOTORS With: SAIC MOTOR (China) DONGFENG MOTOR (China) HYUNDAI (S. Korea) FORD (US)
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Share markets in India witnessed a sharp fall in the final minutes of trade. At the closing bell, the BSE Sensex closed lower by 266 points. While, the NSE Nifty finished lower by 83 points.
The Growth in the Farm Segment offsets mediocre performance in the auto business.
Mahindra & Mahindra has announced its financial results for the third quarter of the financial year 2016-17 (2QFY17).
Mahindra & Mahindra has announced its financial results for the second quarter of the financial year 2016-17 (2QFY17). During the quarter, revenues grew by 15.6% YoY and adjusted net profits grew by 18.5%.
Tata Motors Ltd disappoints again for both India and JLR business. Management commentary indicates a slow year ahead.
GST realted cost impacts Margins, Management expects good year ahead.
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