FORCE MOTORS LTD
NSE: FORCEMOTINE451A01017(was BAJAJTEMPO)·Automobile and Auto ComponentsSmallcap 250·Mcap ₹22,634 Cr·Listed 2024
₹17,388.00▲ ₹246.00  (1.44%)
52W: ₹14,911 – ₹26,450 · Vol: 64.7K shares · Close 25 Sept
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Quarterly results

consolidated · as filed with NSE · Q1 FY27 back to Q4 FY24
₹ croreQ1 FY27Q4 FY26Q3 FY26Q2 FY26Q1 FY26Q4 FY25Q3 FY25Q2 FY25Q1 FY25Q4 FY24
Revenue from operations2,4402,5502,1292,0812,2972,3561,8891,9411,8852,011
Other income38.133.927.124.525.118.114.98.61514.6
Total expenses2,1902,2101,8271,7902,0362,1061,7321,7331,7141,815
EBITDA328414374363332329232283249279
EBITDA margin13.4%16.2%17.6%17.4%14.5%14.0%12.3%14.6%13.2%13.9%
Finance costs02.70.20.20.17.34.15.49.114.3
Depreciation77.47272.77170.371.970.568.669.368.1
Profit before tax288373539316287663172217186211
Tax76.799.7136−33.510123361.876.466.174.1
Net profit217279406351176435115135116140
Net margin8.9%10.9%19.1%16.8%7.7%18.5%6.1%7.0%6.1%7.0%
EPS (₹)164.36211.37308.22266.14133.82329.9287.52102.4687.81106.45
Net profit YoY+22.8%−35.9%+252.1%+159.7%+52.4%+209.9%––––

Annual results

financial years ending March · from the fourth-quarter filings
₹ croreFY26FY25FY24
Revenue from operations9,0578,0726,992
Other income11056.639.1
Total expenses7,8637,2856,412
EBITDA1,4831,093909
EBITDA margin16.4%13.5%13.0%
Finance costs3.325.962.1
Depreciation286280267
Profit before tax1,5161,238619
Tax304437217
Net profit1,212801388
Net margin13.4%9.9%5.6%
EPS (₹)919.56607.71294.54
Net profit YoY+51.3%+106.3%–
EPS is as filed for each period and is not restated for later bonus issues or splits.

Cash flow

annual · ₹ crore
₹ croreFY26FY25FY24
Operating cash flow1,2979711,014
Investing cash flow−900−351−198
Financing cash flow−73.4−562−509
Capital expenditure540367208
Free cash flow (CFO − capex)757605806

Net profit trend

annual, ₹ crore
FY24
₹388
FY25
₹801+106%
FY26
₹1,212+51%

Result filings

as filed with NSE · PDF and XBRL
PeriodBasisFiledDocuments
Q1 FY27Consolidated29 Jul 2026 PDF XBRL
Q1 FY27Standalone29 Jul 2026 PDF XBRL
Q4 FY26Consolidated · audited29 Apr 2026PDF on NSE XBRL
Q4 FY26Standalone · audited29 Apr 2026PDF on NSE XBRL
Q3 FY26Consolidated4 Feb 2026PDF on NSE XBRL
Q3 FY26Standalone4 Feb 2026PDF on NSE XBRL
Q2 FY26Consolidated7 Nov 2025 PDF XBRL
Q2 FY26Standalone7 Nov 2025 PDF XBRL
Q1 FY26Consolidated23 Jul 2025PDF on NSE XBRL
Q1 FY26Standalone23 Jul 2025PDF on NSE XBRL

Annual reports

NSE archive
Key ratios
P/E (TTM)5Y avg 20.2×18.3×
P/B5Y avg 4.91×5.46×
ROEFY26, on average equity33.5%
Net margin13.4%
Debt / equity0.00×
Revenue CAGR (3Y)–
Profit CAGR (3Y)–
EPS (TTM)₹949.91
Market cap₹22,917 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
5.46×
vs 5-point avg 4.91× (+11%)
3.93× low4.91× avg6.31× high
History points are balance-sheet dates (2024 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹6,538 Cr+27%
Net worth₹4,194 Cr+38%
Total borrowings₹0 Cr−100%
Cash & bank balances₹830 Cr+64%
Investments₹98 Cr−5%
Inventories₹1,258 Cr+6%
Trade receivables₹191 Cr+10%
Trade payables₹1,040 Cr+33%
Change vs the same date a year earlier.
Shareholding 30 Jun 2026
%Jun 26Mar 26Dec 25Sept 25Jun 25Mar 25Dec 24Sept 24Jun 24Mar 24Feb 24
Promoter61.6361.6361.6361.6361.6361.6361.6361.6361.6361.6361.63
FII9.5210.9310.4610.279.778.358.157.897.786.345.39
DII1.461.761.801.481.661.430.910.921.030.871.15
of which MF0.790.980.950.720.65––––––
Retail21.1320.3020.5320.9921.4222.7323.3423.7324.1225.1626.34
Other public6.265.385.585.635.525.865.975.835.446.005.49
94,439 shareholders · NSE shareholding pattern filings.