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FORCE MOTORS LIMITED (automobiles/vehicles)
FORCE MOTORS LIMITED Financial Data

Force Motors Fact Sheet (BJTM)

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Know More: Is India's Economic Recovery Sustainable?

Here is the latest financial fact sheet of Force Motors. For more details, see the Force Motors quarterly results and Force Motors share price and chart. For a sector overview, read our automobiles sector report.

FORCE MOTORS Price History

Price	Rs	1,065.5
Mkt Cap	Rs m	14,043
Vol	'000	2.0
P/E	X	24.1
P/CF	X	4.7
EPS (TTM)	Rs	44.2

% ch	%	2.8
No. of shares	m	13.18
% ch week	%	5.3
% ch 1-mth	%	-2.0
% ch 12-mth	%	0.4
52 week H/L	Rs	1,502.0/580.0

(As on Oct 27, 2020 (Close))

» Best Performing automobiles/vehicles Stocks

1d 1w 1m 3m 6m 1y 3y 5y Max

* Results Consolidated

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FORCE MOTORS Financials

No. of Mths Year Ending	12 Mar-15*	12 Mar-16*	12 Mar-17*	12 Mar-18*	12 Mar-19*	5-Yr Chart Click to enlarge

FORCE MOTORS EQUITY SHARE DATA
High	Rs	1,494	3,785	4,839	4,810	3,238
Low	Rs	340	1,383	2,801	2,725	1,300
Sales per share (Unadj.)	Rs	1,793.7	2,321.8	2,328.8	2,602.8	2,771.2
Earnings per share (Unadj.)	Rs	77.0	136.2	136.7	111.7	108.8
Diluted earnings per share	Rs	77.0	136.2	136.7	111.7	108.8
Cash flow per share (Unadj.)	Rs	138.7	206.0	222.5	209.8	223.3
Dividends per share (Unadj.)	Rs	5.00	10.00	10.00	10.00	10.00
Adj. dividends per share	Rs	5.00	10.00	10.00	10.00	10.00
Dividend yield (eoy)	%	0.5	0.4	0.3	0.3	0.4
Book value per share (Unadj.)	Rs	1,000.6	1,124.8	1,265.2	1,366.6	1,466.8
Adj. book value per share	Rs	1,000.6	1,124.8	1,265.2	1,366.6	1,466.8
Shares outstanding (eoy)	m	13.18	13.18	13.18	13.18	13.18
Bonus/Rights/Conversions		-	-	-	-	-
Price / Sales ratio	x	0.5	1.1	1.6	1.4	0.8
Avg P/E ratio	x	11.9	19.0	27.9	33.7	20.9
P/CF ratio (eoy)	x	6.6	12.5	17.2	18.0	10.2
Price / Book Value ratio	x	0.9	2.3	3.0	2.8	1.5
Dividend payout	%	6.5	7.3	7.3	9.0	9.2
Avg Mkt Cap	Rs m	12,089	34,057	50,348	49,656	29,905
No. of employees	`000	NA	NA	NA	7.4	7.2
Total wages/salary	Rs m	2,777	3,037	3,501	3,866	4,181
Avg. sales/employee	Rs Th	NM	NM	NM	4,621.5	5,074.3
Avg. wages/employee	Rs Th	NM	NM	NM	520.7	580.9
Avg. net profit/employee	Rs Th	NM	NM	NM	198.3	199.2

FORCE MOTORS INCOME DATA
Net Sales	Rs m	23,641	30,601	30,694	34,305	36,525
Other income	Rs m	658	714	849	687	816
Total revenues	Rs m	24,299	31,316	31,543	34,993	37,341
Gross profit	Rs m	1,474	2,744	2,681	2,678	2,788
Depreciation	Rs m	813	919	1,131	1,293	1,509
Interest	Rs m	66	43	55	67	153
Profit before tax	Rs m	1,253	2,496	2,344	2,006	1,942
Minority Interest	Rs m	-1	-1	0	0	-40
Prior Period Items	Rs m	0	0	0	0	0
Extraordinary Inc (Exp)	Rs m	0	0	10	0	0
Tax	Rs m	237	700	552	534	467
Profit after tax	Rs m	1,015	1,796	1,802	1,472	1,434
Gross profit margin	%	6.2	9.0	8.7	7.8	7.6
Effective tax rate	%	18.9	28.0	23.5	26.6	24.1
Net profit margin	%	4.3	5.9	5.9	4.3	3.9

FORCE MOTORS BALANCE SHEET DATA
Current assets	Rs m	9,970	12,178	13,887	11,266	10,914
Current liabilities	Rs m	5,943	7,167	9,013	6,830	6,531
Net working cap to sales	%	17.0	16.4	15.9	12.9	12.0
Current ratio	x	1.7	1.7	1.5	1.6	1.7
Inventory Days	Days	61	65	52	51	50
Debtors Days	Days	17	18	14	26	17
Net fixed assets	Rs m	8,773	9,979	9,827	13,176	15,876
Share capital	Rs m	132	132	132	132	132
"Free" reserves	Rs m	13,053	14,690	16,544	17,880	19,200
Net worth	Rs m	13,187	14,824	16,676	18,011	19,332
Long term debt	Rs m	107	26	20	0	2,056
Total assets	Rs m	19,749	22,973	26,039	25,230	28,360
Interest coverage	x	20.1	58.8	43.3	31.1	13.7
Debt to equity ratio	x	0	0	0	0	0.1
Sales to assets ratio	x	1.2	1.3	1.2	1.4	1.3
Return on assets	%	5.5	8.0	7.1	6.1	5.6
Return on equity	%	7.7	12.1	10.8	8.2	7.4
Return on capital	%	9.9	17.1	14.4	11.5	9.6
Exports to sales	%	2.4	1.6	0	0	0
Imports to sales	%	22.4	32.7	0	0	0
Exports (fob)	Rs m	556	499	0	0	0
Imports (cif)	Rs m	5,287	10,014	0	0	0
Fx inflow	Rs m	556	499	507	368	215
Fx outflow	Rs m	5,328	10,069	8,537	11,712	12,885
Net fx	Rs m	-4,772	-9,570	-8,029	-11,344	-12,670

FORCE MOTORS CASH FLOW
From Operations	Rs m	2,262	2,635	4,706	2,565	3,140
From Investments	Rs m	-962	-2,100	-6,208	-806	-6,056
From Financial Activity	Rs m	-446	-392	1,802	-2,229	2,563
Net Cashflow	Rs m	854	143	300	-470	-353

* Results Consolidated

Source: Company Annual Reports, Regulatory Filings, Equitymaster

» Historical quarterly results for force motors limited

Share Holding

Indian Promoters	59.4%
Foreign collaborators	0.0%
Indian inst/Mut Fund	0.7%
FIIs	5.8%
ADR/GDR	0.0%
Free float	34.1%
Shareholders	18,200
Pledged promoter(s) holding	0.0%

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FORCE MOTORS Announces Quarterly Results (2QFY20); Net Profit Down 81.0% (Quarterly Result Update)

Oct 18, 2019 | Updated on Oct 18, 2019

For 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.

FORCE MOTORS 2018-19 Annual Report Analysis (Annual Result Update)

Sep 16, 2019 | Updated on Sep 16, 2019

Here's an analysis of the annual report of FORCE MOTORS for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of FORCE MOTORS. Also includes updates on the valuation of FORCE MOTORS.

FORCE MOTORS Announces Quarterly Results (1QFY20); Net Profit Down 34.1% (Quarterly Result Update)

Jul 29, 2019 | Updated on Jul 29, 2019

For the quarter ended June 2019, FORCE MOTORS has posted a net profit of Rs 270 m (down 34.1% YoY). Sales on the other hand came in at Rs 8 bn (down 9.9% YoY). Read on for a complete analysis of FORCE MOTORS's quarterly results.

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