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Force Motors Ltd

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FORCEMOT:NSI

Force Motors Ltd

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IndustrialsIndustrial Transportation
  • Price (INR)24,586.00
  • Today's Change788.00 / 3.31%
  • Shares traded129.75k
  • 1 Year change+278.74%
  • Beta1.1087
Data delayed at least 15 minutes, as of Feb 16 2026 10:14 GMT.
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Notice
Important Notice
Please note that effective 5th February, 2026 the Financial Times will no longer publish or present securities from the Nairobi Stock Exchange.

Profile data is unavailable for this security.

About the company

Force Motors Limited is an India-based fully vertically integrated automobile company. It is engaged in the design, development and manufacture of the full spectrum of automotive components, aggregates and vehicles. Its range of products includes light commercial vehicles, multi-utility vehicles, small commercial vehicles and special vehicles. Its commercial vehicles include Urbania, Traveler, Monobus, Trax and special applications. Its special vehicles include the Gurkha. It also offers an electric E-Traveller Smart Citibus EV. Its vehicle business provides a versatile range of solutions for passenger transport, cargo movement, emergency response, and specialized applications. It offers mission-specific solutions like Mobile Medical Units, Police Vans, Prison Vans, Troop Carriers, and Safari Vehicles, customized on the Traveler and Trax platforms for institutional and government use. Urbania is a premium, ground-up modular monocoque van platform designed for shared urban mobility.

  • Revenue in INR (TTM)88.63bn
  • Net income in INR13.68bn
  • Incorporated1958
  • Employees4.64k
  • Location
    Force Motors LtdBombay Pune Road, AkurdiPUNE 411035IndiaIND
  • Phone+91 2 027476381
  • Fax+91 2 027473017
  • Websitehttps://www.forcemotors.com/
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Mergers & acquisitions

Acquired companyDeal statusDateDate /
Deal status
FORCEMOT:NSI since
announced
Transaction
value
Veera Tanneries Pvt LtdAnnounced04 Feb 202604 Feb 2026Announced23.24%--
Data delayed at least 15 minutes, as of Feb 16 2026 10:14 GMT.

Peer analysis

Key Information
CompanyRevenue (TTM)Net income (TTM)Market capEmployeesPrice/earnings (TTM)Price/book value (MRQ)Price/cash flow (TTM)Price/sales (TTM)EPS (excl. extraordinary items, TTM)EPS (incl. extraordinary items, TTM)Revenue per share (TTM)Book value per share (MRQ)Asset turnover (TTM)Inventory turnover (TTM)Receivables turnover (TTM)Revenues per employee (TTM)Return on avg assets (TTM)Return on avg assets (5 yr avg)Return on investment (TTM)Return on investment (5 yr avg)Gross margin (TTM)Gross margin
(5 yr avg)
Net profit margin (TTM)Net Profit margin
(5 yr avg)
Quick ratio (MRQ)Interest coverage (TTM)Total debt to capital (MRQ)Payout ratio
(5 yr avg)
Revenue
(YOY change %)
Revenue
(5 yr growth rate)
Net income
(YOY change %)
Net income
(5 yr growth rate)
Capital expenditure
(5 yr growth rate)
Dividend
(5 yr growth rate)
Foxtron Vehicle Technologies Co Ltd14.89bn-8.94bn197.16bn----4.64--13.24-1.78-1.782.978.510.26694.0710.48---16.03---17.77--20.90---60.06--1.82--0.0304--716.16---10.90------
Harley-Davidson Inc405.07bn30.67bn218.46bn5.90k7.840.76423.270.53932.612.6137.0526.720.4494.322.58--3.305.054.807.2428.7335.277.3610.751.83--0.484515.38-13.761.99-25.61204.313.2410.35
GT Capital Holdings Inc494.19bn51.14bn221.96bn22.41k4.330.49123.080.4491152.25152.251,471.421,341.280.65513.2912.1614,114,840.009.115.7512.327.3316.8515.4713.9110.860.5867--0.27764.604.387.42-1.8312.314.64--
VKTR Teknologi Mobilitas Tbk PT5.78bn-9.75m224.81bn1.40k--39.63524.4738.87-0.0414-0.041424.5724.100.59894.436.90801,462,300.000.1164--0.1588--17.30--0.1944--1.110.16310.1379---5.48--39.41------
Brilliance China Automotive Holdings Ltd14.95bn43.69bn242.58bn1.89k5.550.75115.3916.220.74740.74740.25585.530.033.182.91806,689.008.5111.0612.9413.1016.1310.65283.80318.256.84--0.0162125.87-2.27-22.27-59.91-14.19-29.08--
Lucid Group Inc96.49bn-284.51bn301.77bn6.80k--1.85--3.13-10.38-10.383.5311.480.12312.789.03156,696.00-26.35-32.95-32.45-36.72-93.78-167.88-214.09-496.771.34--0.4054--35.71181.26-8.24--53.33--
Force Motors Ltd88.63bn13.68bn314.16bn4.64k22.97--19.003.541,038.121,038.126,726.75--------19,101,770.00--5.70--8.6528.6121.2015.434.38--149.49--10.1115.4421.25106.3374.02-4.3631.95
Beiqi Foton Motor Co Ltd752.18bn9.97bn327.94bn20.12k32.541.63--0.4360.09710.09717.211.941.037.446.422,852,294.001.21-1.613.37-4.3310.1510.931.18-1.510.62663.740.2352---14.970.3097-91.14-15.91-9.24--
Polaris Inc647.65bn-42.15bn335.26bn15.00k--4.47--0.5177-8.18-8.18125.6414.731.373.6733.28---8.924.79-15.838.2219.1421.65-6.503.180.3540.80890.648959.64-0.32612.63-520.13---3.081.56
Tofas Turk Otomobil Fabrikasi AS669.94bn17.09bn350.92bn4.61k20.532.8210.620.523816.4816.48646.24120.062.2021.468.2870,060,180.005.6211.618.7720.366.2011.002.555.861.46--0.472--96.2869.7722.2336.1757.20--
Mitsubishi Motors Corp1.65tn1.94bn384.54bn28.57k182.310.66637.220.23362.442.442,073.32666.401.205.126.2897,139,650.000.44881.490.87752.9615.9018.620.3731.360.9336.220.310234.54-0.04874.20-73.51---2.998.45
Yadea Group Holdings Ltd433.14bn24.77bn410.40bn11.04k16.183.3213.130.94750.70350.703512.313.421.1818.6746.673,114,886.006.748.1219.9126.4316.5416.365.726.000.8163--0.227856.41-18.7718.73-51.8120.3132.07--
Loncin Motor Co Ltd251.15bn23.59bn418.82bn10.53k17.693.22--1.670.87950.87959.404.841.1718.5611.251,819,813.0010.664.2217.636.9616.1115.889.094.331.83--0.033741.1128.749.5792.1912.483.5531.95
Data as of Feb 16 2026. Currency figures normalised to Force Motors Ltd's reporting currency: Indian Rupee INR

Institutional shareholders

4.19%Per cent of shares held by top holders
HolderShares% Held
The Vanguard Group, Inc.as of 04 Feb 2026183.59k1.39%
Dimensional Fund Advisors LPas of 05 Feb 2026111.33k0.85%
BlackRock Fund Advisorsas of 06 Feb 202672.34k0.55%
Sundaram Asset Management Co. Ltd.as of 31 Jan 202654.74k0.42%
APG Asset Management NVas of 31 Dec 202427.27k0.21%
American Century Investment Management, Inc.as of 05 Feb 202625.62k0.19%
Goldman Sachs Asset Management LPas of 31 Oct 202522.89k0.17%
BlackRock Advisors (UK) Ltd.as of 06 Feb 202622.08k0.17%
Lazard Asset Management LLCas of 31 Dec 202519.60k0.15%
State Board of Administration of Florida Retirement Systemas of 30 Sep 202513.19k0.10%
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Data from 30 Sep 2025 - 31 Jan 2026Source: FactSet Research Systems Inc.
Data Provided by LSEG
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