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Fincash » Search » Force Motors Ltd

Force Motors Ltd

Updated on November 15, 2019

Stock/Share Code - FORCEMOT

Force Motors is a fully, vertically integrated automobile company, with expertise in design, development and manufacture of the full spectrum of automotive components, aggregates and vehicles. Its ran...Read more

Below is the details of FORCEMOT Force Motors Ltd

Market Cap₹1,601 Cr.
Current Price ₹1,009.05 as on 20 Nov 19
52 Week High / Low Price₹2,508.45 / ₹1,000.5
Face Value₹10
Stock P/E12.01
Book Value₹1,468
Dividend Yield0.82 %
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 0.83 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 ₹167.4 ₹36,415.85 Cr. 0.00 -₹3,698.34 Cr. -89.46 -7.85 61466.99 2.23
2. Ashok Leyland ₹83 9.28 ₹18,919.47 Cr. 4.81 ₹247.21 Cr. -40.64 -7.74 6588.23 16.91
3. Tata Motors-DVR ₹76.9 ₹2,720.49 Cr. ₹1,251.4 Cr. 7769.67
4. Force Motors 12.01 ₹1,600.51 Cr. 0.82 ₹26.97 Cr. -34.11 -9.75 802.39 10.40
5. Force Motors 11.17 ₹1,600.51 Cr. 0.82 ₹26.15 Cr. -36.17 -9.75 802.48 10.22
6. SML ISUZU ₹507.7 53.65 ₹864.8 Cr. 0.25 ₹16.66 Cr. -17.16 4.15 471.43 3.77

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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

Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019
Sales8496298387448937501,0418898818241,061802
YOY Sales Growth %12.03%-14.24%-6.84%-1.16%5.15%19.15%24.28%19.43%-1.3%9.89%1.88%-9.75%
Expenses774600746707813704931810808768988732
Material Cost %71.78%71.28%72.2%75.58%74.33%75.11%73.83%74.73%76.32%76.24%76.89%73.34%
Employee Cost %9.9%14.28%10.51%11.4%10.36%12.87%10.84%10.77%10.78%11.99%12.13%12.62%
Operating Profit7529923780451107974557370
OPM %9%5%11%5%9%6%11%9%8%7%7%9%
Other Income20242428910161314232915
Interest113311210686
Depreciation262734313233343435404246
Profit before tax682579315622915652325234
Tax %26%6%30%4%26%33%33%28%24%16%25%20%
Net Profit502355304215614140273927
EPS in Rs38.1617.6541.6722.7431.6811.1245.9931.0630.1220.7529.7720.47
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
Sales9067509561,5652,0851,9732,0222,3643,0253,0693,4233,6523,568
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%%
Expenses9788509511,4201,9641,9191,9252,2172,7512,8013,1553,3743,296
Material Cost %71.47%79.71%70.88%65.93%69.83%71.41%70.04%69.43%71.82%71.76%74.74%76.13%%
Manufacturing Cost %10.91%9.28%8.64%7.45%7.14%6.98%6.54%5.98%5.04%4.94%4.75%4.43%%
Employee Cost %15.76%16.02%13.1%12.59%12.42%13.3%11.9%11.75%10.06%11.41%11.29%11.45%%
Other Cost %9.95%9.22%7.54%6.13%6.12%7.32%7.54%7.43%5.39%5.55%4.37%4.03%%
Operating Profit-73-10051441225497147274268267278272
OPM %-8%-13%1%9%6%3%5%6%9%9%8%8%8%
Other Income653679669854460667186698282
Interest35351723358975671520
Depreciation394242456070858192113129151162
Profit before tax-8119043821,0111963125248235200194171
Tax %-3%34%-41%28%18%25%-24%19%28%23%27%24%
Net Profit-8412560598241478101179180147147133
EPS in Rs0.0094.5145.3343.66623.8710.3258.4475.89135.61136.51111.49111.67101.11
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:: -0.13%

Compounded Profit Growth

  • 10 Years:: 12.53%
  • 5 Years:: 14.64%
  • 3 Years:: -6.24%
  • TTM:: -15.64%

Return on Equity

  • 10 Years:: 8.70%
  • 5 Years:: 9.57%
  • 3 Years:: 9.11%
  • Last Year:: 7.88%

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 2019
Share Capital131313131313131313131313
Equity Capital13.1813.1813.1813.1813.1813.1813.1813.1813.1813.1813.1813.18
Reserves902142703211,1301,1401,2131,3041,4741,6521,7861,922
Borrowings36616114824760425321142000286
Other Liabilities432385379484478531527668814855881814
Trade Payables299.58239.92235.73357.11286.81299.07354.63467.06438.47505.36587.5409.86
Total Liabilities9017738101,0661,6811,7261,8062,0052,3152,7212,6803,035
Fixed Assets2862892843934516226436387869119481,216
Gross Block856.05901.2937.731089.321204.331443.21534.11612.181848.382086.532194.162608.76
Accumulated Depreciation570.43611.95653.42696.79753.61821.61890.81974.631062.511175.111245.71392.93
CWIP3520121493189206240205220369372
Investments73575757111115101128
Other Assets5084074576021,1369149551,1271,3101,5791,3521,419
Inventories240.67196.03193.73311.31362.4381.63377.25392.55547.51437.67477.1503.56
Trade receivables125.19122.89150.23161.36156.43108.8135.08108.68150.4115.1241.91166.52
Cash Equivalents17.2816.6325.7114.76462.09225.15216.09303.03317.64234.2240.933.2
Loans n Advances125.0671.0487.4258.3586.32123.28150.52222.55215.25729.16522.58612.05
Other Assets etc00056.2169.0175.5476.2999.9778.963.2569133.84
Total Assets9017738101,0661,6811,7261,8062,0052,3152,7212,6803,035

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-5.24-34.2297.58150.48142.9966.75142.97193.26320.8331.06318.59340.36
Working Capital Changes-23.0320.26-35.48-63.12-73.1227.11-25.265.13-27.25199.84-34.3718.83
Taxes paid-4.56-20.3-3.43-13.79-209.09-10.6-2.1-32.42-37.77-60.27-27.74-47.16
Cash from Investing Activity-52277-20-158815-304-100-96-210-621-81-606
Fixed Assets Purchased-53.93-46.02-22.27-158.52-206.62-338.58-128.23-117.32-237.81-235.29-324.14-498.11
Fixed Assets Sold1.410.691.560.74.070.5813.860.310.690.925.950.93
Investments sold0321.740.9601016.510000000
Cash from Financing Activity84-243-3073-228-16-30-45-37180-223256
Proceeds from Borrowings116.600101.68023.265.5100000
Repayment of Borrowings0-205-13.090-186.09-17.7-21.6-31.60000
Interest Paid-32.34-37.97-16.88-23.62-34.16-6.35-9.47-8.34-5.71-6.49-6.88-13.64
Dividends Paid000-4.63-7.66-15.31-4.62-4.62-23.790-15.86-15.88
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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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.