Company Profile

Force Motors is currently trading at Rs. 9749.95, up by 236.60 points or 2.49% from its previous closing of Rs. 9513.35 on the BSE.

The scrip opened at Rs. 9699.00 and has touched a high and low of Rs. 9885.05 and Rs. 9699.00 respectively. So far 2461 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 10272.65 on 29-Apr-2024 and a 52 week low of Rs. 1298.00 on 05-May-2023.

Last one week high and low of the scrip stood at Rs. 10272.65 and Rs. 9044.05 respectively. The current market cap of the company is Rs. 12535.04 crore.

The promoters holding in the company stood at 61.63%, while Institutions and Non-Institutions held 7.21% and 31.16% respectively.

Force Motors has reported 43.54% rise in its total sales (Domestic + Export) for Small Commercial Vehicles (SCV), Light Commercial Vehicles (LCV) and Utility Vehicles (UV) at 2,624 units for April 2024 as compared to 1,828 units sold in April 2023. Out of total, the company’s domestic sales for SCV, LCV and UV stood at 2268 units. The company has exported 356 units of SCV, LCV and UV in month of April 2024.

Force Motors is a Pune-based commercial vehicle maker. It is a fully vertically integrated automobile company, with expertise in design, development and manufacture of the full spectrum of automotive components, aggregates and vehicles.

Force Motors has reported 43.54% rise in its total sales (Domestic + Export) for Small Commercial Vehicles (SCV), Light Commercial Vehicles (LCV) and Utility Vehicles (UV) at 2,624 units for April 2024 as compared to 1,828 units sold in April 2023. Out of total, the company’s domestic sales for SCV, LCV and UV stood at 2268 units. The company has exported 356 units of SCV, LCV and UV in month of April 2024.

Force Motors is a Pune-based commercial vehicle maker. It is a fully vertically integrated automobile company, with expertise in design, development and manufacture of the full spectrum of automotive components, aggregates and vehicles.

Force Motors has informed that it enclosed the copies of the newspaper advertisement of Audited Financial Results for the quarter and financial year ended on 31st March, 2024 published in Financial Express (English), Business Standard (English) and Loksatta (Marathi) on 27th April, 2024. The same is also available on website of the Company at www.forcemotors.com

Force Motors has reported results for fourth quarter (Q4) and year ended March 31, 2024.

The company has reported 8.35% fall in its net profit at Rs 136.71 crore for the quarter under review as compared to Rs 149.16 crore for the same quarter in the previous year. However, total income of the company increased by 32.56% at Rs 2,025.68 crore for Q4FY24 as compared Rs 1,528.15 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 4.32% fall in its net profit at Rs 140.29  crore for fourth quarter ended March 31, 2024 as compared to Rs 146.62 crore for the same quarter in the previous year. However, total income of the company increased by 32.56% at Rs 2,025.81 crore for Q4FY24 as compared Rs 1,528.25 crore for the corresponding quarter previous year. 

For the year ended March 31, 2024, the company has reported over 2-fold jump in its net profit at Rs 401.68 crore as compared to Rs 152.05 crore for the previous year. Total income of the company increased by 38.11% at Rs 7,030.75 crore for year under review as compared to Rs 5,090.62 crore for year ended March 31, 2023.

For the year ended March 31, 2024, on the consolidated basis, the company has reported over 2-fold jump in its net profit at Rs 388.21 crore as compared to Rs 133.74 crore for the previous year. Total income of the company increased by 38.11% at Rs 7,031.23 crore for year under review as compared to Rs 5,091.01 crore for year ended March 31, 2023.

Force Motors has reported 37.28% rise in its total sales for March 2024 at 3,248 units as compared to 2,366 units sold in February 2024. Out of total, the company’s domestic sales for Small Commercial Vehicles (SCV) & Light Commercial Vehicles (LCV) stood at 2,908 units and sales of Utility Vehicles (UV), Sports Utility Vehicles (SUV) & Tractors stood at 340 units. The company has exported 420 units of SCV & LCV in month of March 2024

The company reported 5.84% rise in its total production for March 2024 at 3,152 units as compared to 2,978 units produced in the previous month. Out of total, the company’s production of SCV & LCV stood at 2,720 units and UV, SUV & Tractors stood at 432 units in month of March 2024.

Force Motors is a Pune-based commercial vehicle maker. It is a fully vertically integrated automobile company, with expertise in design, development and manufacture of the full spectrum of automotive components, aggregates and vehicles.