Force Motors Complete Financial Statements
12 Years of Data
2026 - 2015
In FY2026, Force Motors (FORCEMOT) reported revenue ₹2,589 Cr, net profit ₹279 Cr and EPS ₹211.37, with a net profit margin of 10.8% and ROE of 6.7%. Full financial statements from FY2015 to FY2026 (12 years) — income statement, balance sheet and cash flow in ₹ Crores. Download as Excel or CSV. Explore FORCEMOT Benjamin Graham valuation to estimate fundamental worth using multiple valuation models.
Complete Financial Data Export
Profitability Ratios
Net Profit Margin
10.78%
2026 data
EBITDA Margin
17.50%
2026 data
Operating Margin
16.00%
2026 data
Return on Assets
4.27%
2026 data
Return on Equity
6.65%
2026 data
Balance Sheet Ratios
Current Ratio
12.90
2026 data
Equity Ratio
64.15%
2026 data
Asset Turnover
0.40
2026 data
FORCEMOT Revenue, Net Profit & EBITDA — Year-on-Year Growth
FORCEMOT YoY (Mar 2025 vs Mar 2026) — revenue -6.7%, net profit -35.9%, EBITDA -39.4%, expenses +5.4%. For live price, earnings ratios and company overview, see Force Motors screener.
Revenue Growth
-6.7%
Year-over-Year
Net Profit Growth
-35.9%
Year-over-Year
EBITDA Growth
-39.4%
Year-over-Year
Expense Growth
+5.4%
Year-over-Year
Assets Growth
+27.3%
Year-over-Year
Equity Growth
+38.1%
Year-over-Year
Operating Cash Flow Growth
-4.2%
Year-over-Year
Investing Cash Flow Growth
-77.3%
Year-over-Year
Financing Cash Flow Growth
-10.4%
Year-over-Year
FORCEMOT Income Statement — Revenue, EBITDA & Net Profit
Force Motors revenue ₹2,589 Cr, EBITDA ₹453 Cr, net profit ₹279 Cr, EPS ₹211.37 (2026) — net profit margin 10.8%. Review FORCEMOT earnings multiple to evaluate earnings-based valuation against sector peers.
Periods
₹ Crores
| Particulars | Mar 2026 | Sept 2025 | Mar 2025 | Jun 2025 | Dec 2025 | Sept 2024 | Mar 2024 | Jun 2024 | Dec 2024 | Sept 2023 | Mar 2023 | Jun 2023 | Dec 2023 | Sept 2022 | Mar 2022 | Jun 2022 | Dec 2022 | Sept 2021 | Mar 2021 | Jun 2021 | Dec 2021 | Sept 2020 | Mar 2020 | Jun 2020 | Dec 2020 | Sept 2019 | Mar 2019 | Jun 2019 | Dec 2019 | Sept 2018 | Jun 2018 | Dec 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2,589 | 2,107 | 2,774 | 2,322 | 2,370 | 1,950 | 2,029 | 1,900 | 1,910 | 1,811 | 1,737 | 1,499 | 1,696 | 1,276 | 890 | 978 | 1,309 | 952 | 619 | 660 | 791 | 703 | 664 | 192 | 499 | 772 | 1,090 | 818 | 869 | 895 | 902 | 847 |
| Expenses | 2,136 | 1,719 | 2,027 | 1,974 | 1,755 | 1,664 | 1,733 | 1,640 | 1,658 | 1,581 | 1,372 | 1,310 | 1,477 | 1,166 | 885 | 930 | 1,250 | 898 | 652 | 615 | 792 | 631 | 602 | 238 | 467 | 720 | 990 | 733 | 804 | 808 | 810 | 768 |
| EBITDA | 453 | 388 | 747 | 348 | 616 | 286 | 297 | 260 | 252 | 230 | 364 | 189 | 219 | 111 | 5 | 47 | 59 | 54 | -33 | 45 | -2 | 73 | 62 | -46 | 32 | 52 | 100 | 85 | 66 | 88 | 92 | 78 |
| Operating Profit Margin % | 16.00% | 17.00% | 14.00% | 14.00% | 18.00% | 14.00% | 14.00% | 13.00% | 12.00% | 12.00% | 8.00% | 12.00% | 13.00% | 8.00% | 0.00% | 4.00% | 4.00% | 4.00% | -7.00% | 4.00% | -2.00% | 9.00% | 8.00% | -28.00% | 6.00% | 5.00% | 7.00% | 9.00% | 8.00% | 8.00% | 9.00% | 7.00% |
| Depreciation | 72 | 71 | 72 | 70 | 73 | 69 | 68 | 69 | 71 | 67 | 63 | 64 | 68 | 61 | 55 | 57 | 60 | 45 | 43 | 41 | 50 | 46 | 53 | 39 | 45 | 47 | 42 | 46 | 49 | 35 | 35 | 40 |
| Interest | 3 | 0 | 7 | 0 | 0 | 5 | 14 | 9 | 4 | 16 | 18 | 18 | 14 | 20 | 13 | 14 | 17 | 9 | 5 | 7 | 12 | 8 | 8 | 8 | 8 | 6 | 8 | 6 | 8 | 0 | 1 | 6 |
| Profit Before Tax | 378 | 317 | 668 | 278 | 543 | 212 | 214 | 182 | 177 | 147 | 284 | 107 | 137 | 30 | -63 | -23 | -18 | 1 | -82 | -3 | -64 | 19 | 2 | -93 | -21 | -2 | 50 | 33 | 9 | 53 | 57 | 33 |
| Tax | 100 | -34 | 233 | 101 | 137 | 76 | 74 | 66 | 62 | 53 | 137 | 39 | 51 | 11 | -21 | -7 | -3 | 2 | -28 | 1 | -21 | 5 | -4 | -28 | -2 | -6 | 13 | 7 | -5 | 13 | 16 | 5 |
| Net Profit | 279 | 351 | 435 | 176 | 406 | 135 | 140 | 116 | 115 | 94 | 147 | 69 | 85 | 19 | -43 | -17 | -16 | -1 | -54 | -4 | -43 | 14 | 6 | -65 | -19 | 4 | 37 | 26 | 14 | 40 | 41 | 27 |
| Earnings Per Share (₹) | 211.37 | 266.14 | 329.92 | 133.82 | 308.22 | 102.46 | 106.45 | 87.81 | 87.52 | 71.23 | 111.25 | 52.04 | 64.82 | 14.62 | -32.48 | -12.62 | -11.83 | -0.81 | -40.73 | -3.32 | -32.52 | 10.66 | 4.60 | -49.34 | -14.41 | 3.20 | 27.83 | 19.84 | 10.45 | 30.17 | 31.10 | 19.71 |
FORCEMOT Balance Sheet — Assets, Liabilities & Shareholders' Equity
FORCEMOT total assets ₹6,538 Cr, total equity ₹4,194 Cr, total liabilities ₹ Cr (2026) — ROE 6.7%.
Years
Annual Data
₹ Crores
| Particulars | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||
| Total Assets | 6,538 | 5,134 | 4,415 | 4,013 | 3,661 | 3,238 | 3,098 | 2,836 | 2,523 | 2,701 | 2,305 | 1,975 |
| Current Assets | 3,832 | 2,580 | 2,046 | 1,565 | 1,027 | 882 | 1,027 | 1,091 | 1,127 | 1,498 | 1,221 | 997 |
| Fixed Assets | 2,458 | 1,969 | 2,031 | 2,094 | 2,033 | 1,224 | 1,400 | 1,216 | 949 | 911 | 792 | 638 |
| Capital Work in Progress | 236 | 287 | 171 | 154 | 302 | 725 | 445 | 372 | 369 | 220 | 205 | 240 |
| Investments | 1,258 | 103 | 91 | 97 | 111 | 100 | 78 | 23 | 10 | 9 | 8 | 0 |
| Other Assets | 0 | 2,775 | 2,121 | 1,668 | 1,215 | 1,189 | 1,175 | 1,225 | 1,196 | 1,561 | 1,300 | 1,098 |
| LIABILITIES | ||||||||||||
| Total Liabilities | ||||||||||||
| Current Liabilities | 297 | 373 | 521 | 627 | 629 | 524 | 220 | 248 | 37 | 131 | 98 | 61 |
| Non-Current Liabilities | ||||||||||||
| SHAREHOLDERS' EQUITY | ||||||||||||
| Total Equity | 4,194 | 3,036 | 2,257 | 1,877 | 1,750 | 1,840 | 1,967 | 1,935 | 1,803 | 1,669 | 1,491 | 1,320 |
| Share Capital | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 |
| Reserves & Surplus | 4,181 | 3,020 | 2,242 | 1,862 | 1,735 | 1,825 | 1,952 | 1,920 | 1,788 | 1,654 | 1,477 | 1,306 |
FORCEMOT Cash Flow Statement — Operating, Investing & Financing
Force Motors operating cash flow ₹972 Cr, investing ₹-351 Cr, financing ₹-562 Cr, net cash flow ₹58 Cr (2025).
Periods
₹ Crores
| Particulars | March 2025 | March 2024 | March 2023 | March 2022 | March 2021 | March 2020 | March 2019 | March 2018 | March 2017 | March 2016 | March 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | 972 | 1,015 | 532 | 18 | 7 | 409 | 314 | 257 | 471 | 256 | 226 |
| Investing Activities | -351 | -198 | -257 | -356 | -333 | -327 | -606 | -81 | -621 | -210 | -96 |
| Financing Activities | -562 | -509 | -207 | 375 | 294 | -20 | 256 | -223 | 180 | -37 | -45 |
| Net Cash Flow | 58 | 308 | 68 | 38 | -32 | 62 | -35 | -47 | 30 | 9 | 85 |