Force Motors Ltd (FORCEMOT)

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Force Motors Ltd (FORCEMOT) · mywealthgrid

Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Consolidated figures · ₹ crore

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1,988	3,240	5,029	6,992	8,072	9,057
COGS	1,494	2,619	3,920	5,124	5,947	6,405
Gross profit	494	621	1,109	1,868	2,125	2,652
	493	571	798	973	1,031	1,169
	1	50	311	895	1,093	1,483
OPM %	0.1%	1.6%	6.2%	12.8%	13.5%	16.4%
Depreciation	174	191	241	267	280	286
Interest	28	41	68	62	26	3
	25	52	270	39	451	322
Profit before tax	-176	-130	272	605	1,238	1,516
Tax	-52	-39	139	217	437	304
Tax %	-29.8%	-29.8%	50.9%	35.8%	35.3%	20.1%
	-124	-91	134	388	801	1,212
PAT margin %	-6.2%	-2.8%	2.7%	5.6%	9.9%	13.4%
EPS (₹)	-93.8	-69.1	101.4	294.5	607.7	919.6
EPS adjusted (₹)	-93.7	-69	101.5	294.5	607.5	919.3
	—	—	9.9%	6.8%	6.6%	5.4%
Annual report	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	13	13	13	13	13	13
Reserves	1,825	1,735	1,862	2,242	3,020	4,181
Minority interest	2	2	2	2	2	2
	642	1,069	955	525	17	0
	755	842	1,182	1,633	2,081	2,341
Total equity & liabilities	3,238	3,661	4,013	4,415	5,134	6,538
	1,218	2,028	2,087	2,025	1,962	1,908
CWIP	369	156	39	26	93	236
Investments	105	116	104	98	110	112
	1,545	1,361	1,783	2,266	2,969	4,282
Total assets	3,238	3,661	4,013	4,415	5,134	6,538

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	24.9%	19.2%	22%	26.7%	26.3%	29.3%

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	61.63%	61.63%	61.63%	61.63%	61.63%	61.63%	61.63%	61.63%	61.63%	61.63%	61.63%	61.63%
	4.94%	4.91%	6.34%	7.78%	7.89%	8.15%	8.35%	9.77%	10.27%	10.46%	10.93%	9.52%
	1.59%	1.21%	0.87%	1.03%	0.92%	0.91%	1.43%	1.66%	1.48%	1.8%	1.76%	1.46%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	31.84%	32.25%	31.16%	29.56%	29.56%	29.31%	28.59%	26.94%	26.62%	26.11%	25.68%	27.39%
No. of shareholders	—	—	—	—	—	—	—	—	72,334	71,870	78,750	94,439

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F&O

Current futures and options contracts with compact option-chain pages.

End of day 30 Sept 2026 · underlying ₹17,055.7 · volume and open interest in contracts

3

Expiry	Close	Chg	% Chg	Settlement	Open interest	Change in OI	Volume	Lot size
27 Oct 2026	₹17,128.0	+50	+0.3%	₹17,128.0	10,778	+23	1,290	25
23 Nov 2026	₹17,133.0	+10	+0.1%	₹17,133.0	454	+2	77	25
29 Dec 2026	₹17,183.0	+26	+0.2%	₹17,183.0	28	+28	32	25

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 10 fund houses

Held by these funds

0.23%

of the company's equity

All mutual funds

0.79%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

32 schemes · 10 fund houses

		Shares
Arbitrage FundNEW	SBI Mutual Fund	8,925	15.64	0.03%	0.068%	—
Nifty Smallcap 250 Index Fund	Nippon India Mutual Fund	7,678	13.46	0.38%	0.058%	+94
Nifty Smallcap 250 Index Fund	SBI Mutual Fund	3,902	6.84	0.38%	0.03%	+43
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	2,828	4.96	0.38%	0.021%	+25
Nifty Smallcap 250 Index Fund	ICICI Prudential Mutual Fund	1,713	3	0.38%	0.013%	+27
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	768	1.35	0.04%	0.006%	+26
Nifty 500 Equal Weight Index Fund	Nippon India Mutual Fund	595	1.04	0.2%	0.005%	-0
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	553	0.97	0.38%	0.004%	-31

1–8 of 32

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

38 announcementsExport CSV

1 Oct 2026, 10:02 pmAGM/EGM

Shareholders Meeting-02/2026-27 EGM Of "Second A" Equity Shareholders Of The Company.

EGM PDF

1 Oct 2026, 9:54 pmAGM/EGM

Shareholder Meeting-01/2026-27 EGM Of "A" Equity Shareholders Of The Company

EGM PDF

1 Oct 2026, 4:30 pmAGM/EGM

Intimation Of Date Of EGM And Related Information For Second A Equity Shareholders

EGM PDF

1 Oct 2026, 4:21 pmAGM/EGM

Shareholder Meeting-EGM For "A" Equity Shareholders Of Force Motors Limited

EGM PDF

30 Sept 2026, 10:21 pmCompany Update

Announcement under Regulation 30 (LODR)-Monthly Business Updates

Monthly Business Updates PDF

28 Sept 2026, 4:49 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

21 Sept 2026, 2:14 pmBoard Meeting

Board Meeting Intimation for Consideration And Approval Of The Proposal Of Removal Of Restriction On Transferability And Other Incidental Conditions Of 27,600 "A" Equity Shares And 1,15,748 'Second A' Equity Shares Of Force Motors Limited.

Exchange filing PDF

18 Sept 2026, 7:15 pmCompany Update

ESG Rating

General PDF

Date	Category	Subject	Filing
1 Oct 2026, 10:02 pm	AGM/EGM EGM	Shareholders Meeting-02/2026-27 EGM Of "Second A" Equity Shareholders Of The Company.	PDF
1 Oct 2026, 9:54 pm	AGM/EGM EGM	Shareholder Meeting-01/2026-27 EGM Of "A" Equity Shareholders Of The Company

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Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	24.9%	19.2%	22%	26.7%	26.3%	29.3%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Maruti Suzuki IndiaMARUTIMARUTI	₹3,57,976 Cr	₹3,57,976 Cr	₹1,97,181 Cr	₹21,131 Cr	11.7%	₹14,334 Cr	8%	17.8%	14.4%	-19
Mahindra & MahindraM&MM&M	₹3,54,640 Cr	₹4,84,255 Cr	₹2,11,375 Cr	₹39,317 Cr	18.6%	₹18,470 Cr	9.4%	17%	20.1%	-30
Hyundai Motor India LimitedHYUNDAIHYUNDAI	₹1,64,450 Cr	₹1,65,447 Cr	₹70,685 Cr	₹7,925 Cr	12.2%	₹4,951 Cr	7.7%	35.5%	29.9%	-15
Tata Motors Passenger VehiclesTMPVTMPV	₹1,02,886 Cr	₹1,72,839 Cr	₹3,43,703 Cr	₹16,910 Cr	5.6%	₹79,242 Cr	24.6%	2.3%	72.2%	-59
Force Motors LtdFORCEMOTFORCEMOT	₹22,176 Cr	₹22,176 Cr	₹9,200 Cr	₹1,479 Cr	16.4%	₹1,252 Cr	13.4%	33.1%	33.5%	20
Olectra Greentech LimitedOLECTRAOLECTRA	₹9,000 Cr	₹9,380 Cr	₹2,540 Cr	₹350 Cr	14.3%	₹180 Cr	7.8%	22.1%	15.8%	54
Mercury Ev-Tech LimitedMERCURYEVMERCURYEV	₹704 Cr	₹708 Cr	₹22 Cr	₹3 Cr	13.2%	₹2 Cr	9%	3%	3%	205
Hindustan Motors LtdHINDMOTORSHINDMOTORS	₹309 Cr	₹309 Cr	₹1 Cr	₹-4 Cr	—	₹12 Cr	—	25.1%	-0.1%	—

19 deals · 31 May 2023 – 28 Jan 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
28 Jan 2026	POINT BREAK CAPITAL LP	Block	BSE	Sell	85,146	₹18,785.00	₹159.95 Cr
28 Jan 2026	SONA INDIA INVESTMENTS LLC	Block	BSE	Buy	85,146	₹18,785.00	₹159.95 Cr
28 Jan 2026	SONA INDIA INVESTMENTS LLC	Bulk	BSE	Buy	85,146	₹18,785.00	₹159.95 Cr
28 Jan 2026	POINT BREAK CAPITAL LP	Bulk	BSE	Sell	85,146	₹18,785.00	₹159.95 Cr
12 Jan 2026	POONAWALLA AVIATION PRIVATE LIMITED	Block	NSE	Buy	38,740	₹19,790.00	₹76.67 Cr
12 Jan 2026	SERUM INSTITUTE OF INDIA PRIVATE LIMITED	Block	NSE	Sell	38,740	₹19,790.00	₹76.67 Cr
19 Sept 2025	BNP PARIBAS FINANCIAL MARKETS	Bulk	NSE	Sell	65,610	₹18,581.10	₹121.91 Cr
25 Jul 2025	HRTI PRIVATE LIMITED	Bulk	NSE	Buy	71,664	₹17,657.36	₹126.54 Cr
25 Jul 2025	HRTI PRIVATE LIMITED	Bulk	NSE	Sell	67,021	₹17,745.79	₹118.93 Cr
24 Jul 2025	HRTI PRIVATE LIMITED	Bulk	NSE	Buy	88,858	₹19,336.34	₹171.82 Cr

1–10 of 19

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Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

23

27 Oct 2026 23 Nov 2026 29 Dec 2026

Calls				Strike	Puts
OI	Chg OI	Volume	LTP	—	LTP	Volume	Chg OI	OI
0	0	0	₹0.0	14,000	₹0.0	0	0	0
0	0	0	₹0.0	14,500	₹0.0	0	0	0
4	+1	1	₹2,200.0	15,000	₹0.0	0	0	0
0	0	0	₹0.0	15,250	₹0.0	0	0	0
1	0	0	₹2,146.2	15,500	₹0.0	0	0	0
0	0	0	₹0.0	15,750	₹0.0	0	0	0
19	0	0	₹1,250.0	16,000	₹201.1	311	+162	231
0	0	0	₹0.0	16,250	₹0.0	0	0	0

Shaded cells are in the money against the underlying close. Green and red mark the move against the previous close — on the premium for LTP, on the position for change in OI. Settlement prices are the exchange's, not the last trade.

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	7	18	532	1,014	971	1,297
	-333	-356	-256	-198	-351	-900
	293	375	-207	-509	-562	-73
Net cash flow	-32	37	68	308	58	324
Free cash flow	-446	-381	272	806	605	757
CFO / Operating profit %	638.3%	36.5%	170.9%	111.6%	88.9%	87.5%

Leverage
Current ratio	1.01	0.8	1.04	1.25	1.5	1.87

Return ratios
Return on assets %	-3.8%	-2.5%	3.3%	8.8%	15.6%	18.5%

Force Motors Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

3

Fund holders

Documents

Announcements

Events

Announcements

3

Announcements

Annual reports

Credit ratings

17

1

23

Compounded sales growth

Compounded profit growth

Return on equity

Working capital
Receivable days	23	21	14	5	8	8

Force Motors Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

F&O

Futures3

Fund holders

Documents

Announcements

Events

Announcements

Ratio timeline

Quarterly record

Futures3

Announcements

Annual reports

Credit ratings

Dividends17

Board meetings1

Bulk & block deals

Board and management

Option chain23

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

3

3

17

1

23