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Force Motors share price & results

Force Motors Ltd· Automobile and Auto Components· Consumer Discretionary

Results to
Jun 2026
Latest analysed call
Q1 FY26
Ownership as of
Sept 2026

Pune-based maker of Traveller vans, Gurkha SUVs, and engines/axles for Mercedes-Benz and BMW in India.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue2,440 ₹ crore+6.2% YoYQuarterly, as filedQuarter to Jun 2026Revenue from operations as filed.
Operating margin13.0 %−1.0 pts YoYOperating profit / revenueQuarter to Jun 2026For the quarter; a change is in percentage points.
Net profit212 ₹ crore+14.6% YoYQuarterly, as filedQuarter to Jun 2026Profit after tax as filed.
Return on equity30.47 %+8.4 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin8.39 %−6.2 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)8.45 %−3.2 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Guidance

What management said, and what became of it

7 targets tracked, none judged yet · 7 open · verdicts reflect calls analysed to Q1 FY26.

Force Motors Ltd management guidance track record on Inve: 7 targets tracked across analysed earnings calls (0 achieved, 0 missed, 7 open).

TargetOriginal wordingSaidLatest callVerdict
Revenue Growth14-15% for FY26
Call transcript, Q1 FY26 · 17 Sept 2025		Q1 FY26Q1 FY26:We expect this year to also be a strong year. We should be able to deliver... a revenue growth of about 14-15%.
Call transcript, Q1 FY26 · 17 Sept 2025		New

Source: Inve Guidance Tracker for Force Motors Ltd · to Q1 FY26

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

7 of Force Motors Ltd's 7 targets are still open. See which are on track and which have gone quiet. The 1 above are the free sample; 6 more targets are in the full ledger.

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Price

₹16,588 +1.15% · +₹188

Last close 26 Oct 2026 · NSE · INR · Source: Inve

Performance +1.5% 1Y

₹16k₹18k₹20k₹22k₹24k₹26kOct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26

1Y: ₹16,343 on 24 Oct 2025 → ₹16,588. High ₹25,776 (17 Feb 2026), low ₹16,283 (27 Oct 2025).

Previous close
₹16,400
Market cap
₹21.9k Cr
52-week range
₹16,283 – ₹25,776
One year
+1.87%
Price to earnings (TTM to Jun 2026)
19.85×
Return on equity (TTM to Jun 2026)
30.47%

Overview

Symbol
NSE:FORCEMOT
Industry
Consumer Discretionary
Exchange
NSE
Currency
INR

What Force Motors Ltd does

Based on the company's own presentations, annual report and earnings calls.

Force Motors designs and manufactures commercial and utility vehicles under its own brands (Traveller vans/buses, Trax, Urbania, Gurkha) and also runs a high-tech aggregate business that builds engines and axles under contract for Mercedes-Benz India and engine assemblies for BMW India, plus MTU Series 1600 engines through a Rolls-Royce joint venture. It sells vehicles through a pan-India dealer and service network and exports to markets across Asia, the Middle East, Latin America and Africa. Group promoter entities include Jaya Hind Industries and LMG Manufacturing GmbH in Germany.

Segments

  • Vehicle Business
  • High-Tech Aggregate Business
Manufacturing plants
5
Employees across operations
10,000+
R&D engineers (Pune centre)
1,000+
Export countries
25+
Dealerships
200+
Service centres
70
Founded 1958Headquarters Akurdi, Pune, Maharashtra, India Company website

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