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Fincash » Search » Force Motors Ltd

Force Motors Ltd

Updated on July 7, 2020

Stock/Share Code - FORCEMOT

Force Motors is engaged in design, development and manufacture of the full spectrum of automotive components, aggregates and vehicles. Its range of products includes Light Commercial Vehicles (LCV), M...show more

Below is the details of FORCEMOT Force Motors Ltd

Market Cap₹1,108 Cr.
Current Price ₹960.6 as on 13 Jul 20
52 Week High / Low Price₹1,600.05 / ₹580
Face Value₹10
Stock P/E10.52
Book Value₹1,482
Dividend Yield1.19 %
ROCE10.40 %
ROE7.88 %
Sales Growth (3yrs)6.49 %
SectorAutomobile
IndustryAutomobiles - LCVs / HCVs
Listed onBSE  AND  NSE
Company WebsiteCompany Website
Pros: Stock is trading at 0.57 times its book value
Cons: Company has a low return on equity of 9.11% for last 3 years. Dividend payout has been low at 8.42% of profits over last 3 years

Force Motors Ltd Price Chart

Force Motors Ltd Price Chart

Force Motors Ltd Peer Comparison in Automobile

S.No. Name CMP Rs. P/E Mar Cap Rs.Cr. Div Yld % NP Qtr Rs.Cr. Qtr Profit Var % Qtr Sales Var % Sales Qtr Rs.Cr. ROCE %
1. Tata Motors ₹108 ₹28,709.77 Cr. 0.00 ₹1,738.3 Cr. 144.89 -6.81 71676.07 2.23
2. Ashok Leyland ₹50.8 11.77 ₹12,461.31 Cr. 7.30 ₹26.79 Cr. -93.11 -30.72 5188.84 16.91
3. Tata Motors-DVR ₹42.45 ₹1,835.7 Cr. 0.00 ₹1,251.4 Cr. 7769.67
4. Force Motors 10.52 ₹1,108.04 Cr. 1.19 ₹15.39 Cr. 15.51 5.51 869.01 10.40
5. SML ISUZU ₹412.15 182.91 ₹539.59 Cr. 0.80 -₹17.89 Cr. -20.88 -23.78 176.52 6.34

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Force Motors Ltd Fundamentals

Quarterly Results

Quarterly reports are issued by companies every three months. Most companies have a financial year-end of Mar. 31 and quarters that end on June 30, Sept. 30, Dec. 31 and March 31.

Standalone Figures in Rs. Crores

Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019
Sales -8387448937501,0418898798241,061802755869
YOY Sales Growth %-6.84%-1.16%5.15%19.15%24.28%19.43%-1.58%9.89%1.88%-9.75%-14.08%5.51%
Expenses -746707813704931810808768988732717782
Material Cost %72%76%74%75%74%75%77%76%77%73%75%73%
Employee Cost %11%11%10%13%11%11%11%12%12%13%15%12%
Operating Profit9237804511079715573703887
OPM %11%5%9%6%11%9%8%7%7%9%5%10%
Other Income242891016131723291517-19
Interest331121068668
Depreciation343132333434354042464749
Profit before tax79315622915652325234210
Tax %30%4%26%33%33%28%24%16%25%20%-343%-50%
Net Profit55304215614140273927815
EPS in Rs41.6722.7431.6811.1245.9931.0630.1220.7529.7720.475.7211.68
NotesNotesNotesNotesNotesNotesNotesNotesNotesNotesNotesNotes

Profit & Loss

The profit and loss (P&L) statement is a financial statement that summarizes the revenues, costs and expenses incurred during a specified period, usually a fiscal quarter or year. The P&L statement is synonymous with the income statement. These records provide information about a company's ability or inability to generate profit" by increasing revenue, reducing costs or both. Some refer to the P&L statement as a statement of profit and loss, income statement, statement of operations, statement of financial results or income, earnings statement or expense statement.

Standalone Figures in Rs. Crores

Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019TTM
Sales -9067509561,5652,0851,9732,0222,3643,0253,0693,4233,6523,487
Sales Growth %-7.24%-17.12%27.39%63.68%33.24%-5.39%2.48%16.92%27.96%1.47%11.52%6.71%
Expenses -9788509511,4201,9641,9191,9252,2172,7512,8013,1553,3743,220
Material Cost %71%80%71%66%70%71%70%69%72%72%75%76%
Manufacturing Cost %11%9%9%7%7%7%7%6%5%5%5%4%
Employee Cost %16%16%13%13%12%13%12%12%10%11%11%11%
Other Cost %10%8%7%5%5%6%7%7%4%3%1%0%
Operating Profit-73-10051441225497147274268267278267
OPM %-8%-13%1%9%6%3%5%6%9%9%8%8%8%
Other Income653679669854460667186698243
Interest35351723358975671528
Depreciation394242456070858192113129151184
Profit before tax-8119043821,011196312524823520019498
Tax %-3%34%-41%28%18%25%-24%19%28%23%27%24%
Net Profit-841256059824147810117918014714789
EPS in Rs0.0094.5145.3343.66623.8710.3258.4475.89135.61136.51111.49111.6767.64
Dividend Payout %-0%0%7%11%2%28%5%6%7%7%9%9%

Compounded Sales Growth

  • 10 Years:: 17.14%
  • 5 Years:: 12.56%
  • 3 Years:: 6.49%
  • TTM:: -4.00%

Compounded Profit Growth

  • 10 Years:: 12.53%
  • 5 Years:: 14.64%
  • 3 Years:: -6.24%
  • TTM:: -37.53%

Return on Equity

  • 10 Years:: 8.71%
  • 5 Years:: -10.96%
  • 3 Years:: -42.09%
  • 1 Year:: -45.92%

Balance Sheet

A balance sheet is a financial statement that reports a company's assets, liabilities and shareholders' equity at a specific point in time, and provides a basis for computing rates of return and evaluating its capital structure. It is a financial statement that provides a snapshot of what a company owns and owes, as well as the amount invested by shareholders. It is used alongside other important financial statements such as the income statement and statement of cash flows in conducting fundamental analysis or calculating financial ratios.

Standalone Figures in Rs. Crores

Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Sep 2019
Share Capital -13131313131313131313131313
Equity Capital13.1813.1813.1813.1813.1813.1813.1813.1813.1813.1813.1813.18
Reserves902142703211,1301,1401,2131,3041,4741,6521,7861,9221,940
Borrowings36616114824760425321142000286293
Other Liabilities -397385357466461513493634800734720615823
Trade Payables300240236328244253300393417485565395371
Advance from Customers22606323485844331691133371
Other liability items768458115170202149208214136122149451
Total Liabilities8667737881,0481,6641,7081,7721,9722,3012,6002,5192,8363,069
Fixed Assets -2862892843934516226436387869119481,2161,516
Gross Block8569019381,0891,2041,4431,5341,6121,8482,0872,1942,609
Accumulated Depreciation5706126536977548228919751,0631,1751,2461,393
CWIP3520121493189206240205220369372209
Investments7357575711111510112880
Other Assets -4734074345841,1198969221,0931,2961,4591,1911,2201,263
Inventories241196194311362382377393548438477504545
Trade receivables12512315016115610913510915011524216786
Cash Equivalents171726154622252163033182344132
Loans n Advances1257187588612315122321572952361217
Other asset items-350-23385257436665-57-92-65613
Total Assets8667737881,0481,6641,7081,7721,9722,3012,6002,5192,8363,069

Cash Flows

Cash flow is the net amount of cash and cash-equivalents being transferred into and out of a business. At the most fundamental level, a company’s ability to create value for shareholders is determined by its ability to generate positive cash flows, or more specifically, maximize long-term free cash flow.

Standalone Figures in Rs. Crores

Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Cash from Operating Activity --33-345974-13983116226256471256312
Profit from operations-5-349815014367143193321331319340
Receivables-2017-25-34716-44-18-4535-12875
Inventory-37452-118-51-194-15-155108-45-28
Payables34-41-1389-29311598267078-167
Direct taxes-5-20-3-14-209-11-2-32-38-60-28-47
Other operating items00000000148-1459139
Cash from Investing Activity --52277-20-158815-304-100-96-210-621-81-606
Fixed assets purchased-54-46-22-159-207-339-128-117-238-235-324-498
Fixed assets sold1121411401161
Investments sold0322101,0170000000
Interest received0000034152127133815
Dividends received000000000000
Invest in subsidiaries-00000-0-000000
Investment in group cos00000000000-13
Other investing items000000000-400200-110
Cash from Financing Activity -84-243-3073-228-16-30-45-37180-223256
Proceeds from borrowings11700102023600000
Repayment of borrowings0-205-130-186-18-22-320000
Interest paid fin-32-38-17-24-34-6-9-8-6-6-7-14
Dividends paid000-5-8-15-5-5-240-16-16
Other financing items00000000-8187-200286
Net Cash Flow-1-19-11447-237-1485930-47-37

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Ratios

Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
ROCE %-10%-19%14%21%10%2%6%10%18%14%11%10%
Debtor Days506057382720241718142617
Inventory Turnover4.073.444.916.206.195.305.336.146.446.237.487.45

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Disclaimer:
All efforts have been made to ensure the information provided here is accurate as per time to time filling by company to exchanges. However, no guarantees are made regarding correctness of data. Investors are advised to validate/check information with exchanges or companies website before making any investment decisions.