FORCEMOT
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India's Force Motors rise after May sales jump
** Force Motors shares FORC.NS up 1% to 12,455; earlier rose as much as 4.1% to record high of 12,835 rupees
** Auto maker's total sales in May rise 19.1% Y/Y to 3,088 units; domestic sales surge 24.5%, while exports fall 52.2%
** FORC up nearly 94% YTD
(Reporting by Vijay Malkar)
(([email protected];))
** Force Motors shares FORC.NS up 1% to 12,455; earlier rose as much as 4.1% to record high of 12,835 rupees
** Auto maker's total sales in May rise 19.1% Y/Y to 3,088 units; domestic sales surge 24.5%, while exports fall 52.2%
** FORC up nearly 94% YTD
(Reporting by Vijay Malkar)
(([email protected];))
Force Motors May Total Sales At 3,088 Units
June 4 (Reuters) - Force Motors Ltd FORC.NS:
FORCE MOTORS LTD - MAY TOTAL SALES AT 3,088 UNITS
Source text: [ID:]
Further company coverage: FORC.NS
(([email protected];))
June 4 (Reuters) - Force Motors Ltd FORC.NS:
FORCE MOTORS LTD - MAY TOTAL SALES AT 3,088 UNITS
Source text: [ID:]
Further company coverage: FORC.NS
(([email protected];))
India's Force Motors hits record high after monthly sales surge
** Shares of Force Motors FORC.NS climb as much as 5.3% to a record high of 10,598.5 rupees, last up 1.8%
** Automaker reported 41.5% y/y increase in domestic sales in April, while total sales rose 24% y/y
** About 238,500 shares traded, 2.1x the 30-day avg
** Stock up ~55% year-to-date
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
** Shares of Force Motors FORC.NS climb as much as 5.3% to a record high of 10,598.5 rupees, last up 1.8%
** Automaker reported 41.5% y/y increase in domestic sales in April, while total sales rose 24% y/y
** About 238,500 shares traded, 2.1x the 30-day avg
** Stock up ~55% year-to-date
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
India's Force Motors hits near 9-month high after Q4 profit rises
** Shares of Force Motors FORC.NS rise as much as 4.8% to 9,601 rupees, highest since July 30
** Co on Friday reported 27.5% Y/Y rise in Q4 consol profit before exceptional items while rev from ops rose 17.1% Y/Y
** Co recorded a one-off income of 3.95 bln rupees ($46.3 mln) from government incentives
** Declares dividend of 40 rupees/shr for FY 2024-25
** Stock is witnessing its most active trading session since Oct. 31 with more than 353,000 shares change hands, 4.9x of 30-day avg
** Stock up 41.2% YTD
($1 = 85.2810 Indian rupees)
(Reporting by Ashish Chandra in Bengaluru)
(([email protected] (+91 7982114624))
** Shares of Force Motors FORC.NS rise as much as 4.8% to 9,601 rupees, highest since July 30
** Co on Friday reported 27.5% Y/Y rise in Q4 consol profit before exceptional items while rev from ops rose 17.1% Y/Y
** Co recorded a one-off income of 3.95 bln rupees ($46.3 mln) from government incentives
** Declares dividend of 40 rupees/shr for FY 2024-25
** Stock is witnessing its most active trading session since Oct. 31 with more than 353,000 shares change hands, 4.9x of 30-day avg
** Stock up 41.2% YTD
($1 = 85.2810 Indian rupees)
(Reporting by Ashish Chandra in Bengaluru)
(([email protected] (+91 7982114624))
Force Motors Dividend 40 Rupees Per Share
April 25 (Reuters) - Force Motors Ltd FORC.NS:
FORCE MOTORS LTD - DIVIDEND 40 RUPEES PER SHARE
FORCE MOTORS Q4 CONSOL NET PROFIT 4.35 BILLION RUPEES
FORCE MOTORS Q4 CONSOL REVENUE FROM OPERATIONS 23.56 BILLION RUPEES
Source text: ID:nBSE4Jdfcx
Further company coverage: FORC.NS
(([email protected];))
April 25 (Reuters) - Force Motors Ltd FORC.NS:
FORCE MOTORS LTD - DIVIDEND 40 RUPEES PER SHARE
FORCE MOTORS Q4 CONSOL NET PROFIT 4.35 BILLION RUPEES
FORCE MOTORS Q4 CONSOL REVENUE FROM OPERATIONS 23.56 BILLION RUPEES
Source text: ID:nBSE4Jdfcx
Further company coverage: FORC.NS
(([email protected];))
Force Motors Domestic Sales Up 11.02% In March 2025
April 4 (Reuters) - Force Motors Ltd FORC.NS:
FORCE MOTORS LTD - DOMESTIC SALES UP 11.02% IN MARCH 2025
FORCE MOTORS LTD - TOTAL SALES UP 0.87% Y/Y IN MARCH 2025
Source text: ID:nBSEDxLgC
Further company coverage: FORC.NS
(([email protected];))
April 4 (Reuters) - Force Motors Ltd FORC.NS:
FORCE MOTORS LTD - DOMESTIC SALES UP 11.02% IN MARCH 2025
FORCE MOTORS LTD - TOTAL SALES UP 0.87% Y/Y IN MARCH 2025
Source text: ID:nBSEDxLgC
Further company coverage: FORC.NS
(([email protected];))
India's Force Motors rises after winning defence order
** Shares of Force Motors FORC.NS jump 4% to 9,140 rupees
** Utility vehicles maker bags order for 2,978 units of Force Gurkha light vehicles from Indian defence
** FORC did not disclose the financial details of the order
** Stock set to gain for third straight session
** FORC up ~41% YTD
(Reporting by Vijay Malkar)
(([email protected];))
** Shares of Force Motors FORC.NS jump 4% to 9,140 rupees
** Utility vehicles maker bags order for 2,978 units of Force Gurkha light vehicles from Indian defence
** FORC did not disclose the financial details of the order
** Stock set to gain for third straight session
** FORC up ~41% YTD
(Reporting by Vijay Malkar)
(([email protected];))
India Government Inks 25 Billion Rupees Defence Contracts With Mahindra And Mahindra, Force Motors, Armoured Vehicle Nigam Ltd
March 27 (Reuters) - Force Motors Ltd FORC.NS:
INDIA GOVERNMENT: INKS 25 BILLION RUPEES CONTRACTS WITH MAHINDRA AND MAHINDRA, FORCE MOTORS FOR 5,000 LIGHT VEHICLES
INDIA GOVERNMENT: 25 BILLION RUPEES CONTRACTS INCLUDE ANOTHER CONTRACT WITH ARMOURED VEHICLE NIGAM LIMITED FOR ANTI-TANK WEAPON PLATFORM
Source text: [ID:]
Further company coverage: FORC.NS
(([email protected];))
March 27 (Reuters) - Force Motors Ltd FORC.NS:
INDIA GOVERNMENT: INKS 25 BILLION RUPEES CONTRACTS WITH MAHINDRA AND MAHINDRA, FORCE MOTORS FOR 5,000 LIGHT VEHICLES
INDIA GOVERNMENT: 25 BILLION RUPEES CONTRACTS INCLUDE ANOTHER CONTRACT WITH ARMOURED VEHICLE NIGAM LIMITED FOR ANTI-TANK WEAPON PLATFORM
Source text: [ID:]
Further company coverage: FORC.NS
(([email protected];))
India's Force Motors gains on Feb sales surge
** Force Motors' FORC.NS shares rises 3% to 7,365 rupees, their highest in over two months
** Automobile co's Feb. 2025 sales grows 46.3% Y/Y to 3,600 units
** Shares trading above 50-,100- day moving avgs
** Set for fourth straight day of gains, if trend sustains
** Stock up 12.5% so far this year, continuing a 94% climb from 2024
(Reporting by Aleef Jahan in Bengaluru)
** Force Motors' FORC.NS shares rises 3% to 7,365 rupees, their highest in over two months
** Automobile co's Feb. 2025 sales grows 46.3% Y/Y to 3,600 units
** Shares trading above 50-,100- day moving avgs
** Set for fourth straight day of gains, if trend sustains
** Stock up 12.5% so far this year, continuing a 94% climb from 2024
(Reporting by Aleef Jahan in Bengaluru)
Force Motors Domestic Sales Of SCV, LCV, UV, SUV Up 48.81% In February 2025
March 4 (Reuters) - Force Motors Ltd FORC.NS:
FORCE MOTORS LTD - DOMESTIC SALES OF SCV, LCV, UV, SUV UP 48.81% IN FEBRUARY 2025
Source text: ID:nBSE5py85z
Further company coverage: FORC.NS
(([email protected];;))
March 4 (Reuters) - Force Motors Ltd FORC.NS:
FORCE MOTORS LTD - DOMESTIC SALES OF SCV, LCV, UV, SUV UP 48.81% IN FEBRUARY 2025
Source text: ID:nBSE5py85z
Further company coverage: FORC.NS
(([email protected];;))
Force Motors Q3 Consol Net Profit 1.15 Billion Rupees
Feb 10 (Reuters) - Force Motors Ltd FORC.NS:
Q3 CONSOL NET PROFIT 1.15 BILLION RUPEES
Q3 CONSOL REVENUE FROM OPERATIONS 18.89 BILLION RUPEES
Source text: ID:nBSE84wFdS
Further company coverage: FORC.NS
(([email protected];))
Feb 10 (Reuters) - Force Motors Ltd FORC.NS:
Q3 CONSOL NET PROFIT 1.15 BILLION RUPEES
Q3 CONSOL REVENUE FROM OPERATIONS 18.89 BILLION RUPEES
Source text: ID:nBSE84wFdS
Further company coverage: FORC.NS
(([email protected];))
India's Force Motors jumps on monthly sales rise in Jan
** Shares of India's Force Motors FORC.NS jump 6% to 6780 rupees, set for best day in a month
** Automaker's monthly sales for January climbed 20.3% y/y
** Trading vols 91,000 shares vs 30-day avg of 37,400 shares
** Stock has risen 4% this year so far
(Reporting by Hritam Mukherjee in Bengaluru)
(([email protected];))
** Shares of India's Force Motors FORC.NS jump 6% to 6780 rupees, set for best day in a month
** Automaker's monthly sales for January climbed 20.3% y/y
** Trading vols 91,000 shares vs 30-day avg of 37,400 shares
** Stock has risen 4% this year so far
(Reporting by Hritam Mukherjee in Bengaluru)
(([email protected];))
Force Motors Says Total Sale In December Down 18.07% Y/Y
Jan 3 (Reuters) - Force Motors Ltd FORC.NS:
TOTAL SALE IN DECEMBER DOWN 18.07% Y/Y
Source text: ID:nBSE48MjpQ
Further company coverage: FORC.NS
(([email protected];;))
Jan 3 (Reuters) - Force Motors Ltd FORC.NS:
TOTAL SALE IN DECEMBER DOWN 18.07% Y/Y
Source text: ID:nBSE48MjpQ
Further company coverage: FORC.NS
(([email protected];;))
India's Force Motors jumps on ambulance order from state health department
** Shares of Force Motors FORC.NS rise 12% to 7,414 rupees, their highest pct gain since early Nov. 2024
** Automaker gets an order for supply of 2,429 units of ambulance to Uttar Pradesh health department
** FORC to rise for third straight session, gaining ~15% in the period
** Stock rose ~94% in 2024
(Reporting by Yagnoseni Das in Bengaluru)
(([email protected];))
** Shares of Force Motors FORC.NS rise 12% to 7,414 rupees, their highest pct gain since early Nov. 2024
** Automaker gets an order for supply of 2,429 units of ambulance to Uttar Pradesh health department
** FORC to rise for third straight session, gaining ~15% in the period
** Stock rose ~94% in 2024
(Reporting by Yagnoseni Das in Bengaluru)
(([email protected];))
Force Motors Says Nov Total Sales Up 0.05% Y/Y
Dec 4 (Reuters) - Force Motors Ltd FORC.NS:
FORCE MOTORS LTD - NOV TOTAL SALES UP 0.05% Y/Y
Source text: ID:nBSE96V1W
Further company coverage: FORC.NS
(([email protected];))
Dec 4 (Reuters) - Force Motors Ltd FORC.NS:
FORCE MOTORS LTD - NOV TOTAL SALES UP 0.05% Y/Y
Source text: ID:nBSE96V1W
Further company coverage: FORC.NS
(([email protected];))
Force Motors Q2 Consol Net Profit 1.35 Bln Rupees
Oct 29 (Reuters) - Force Motors Ltd FORC.NS:
Q2 CONSOL NET PROFIT 1.35 BILLION RUPEES
Q2 CONSOL REVENUE FROM OPERATIONS 19.41 BILLION RUPEES
Source text: ID:nBSE1nKBm8
Further company coverage: FORC.NS
(([email protected];;))
Oct 29 (Reuters) - Force Motors Ltd FORC.NS:
Q2 CONSOL NET PROFIT 1.35 BILLION RUPEES
Q2 CONSOL REVENUE FROM OPERATIONS 19.41 BILLION RUPEES
Source text: ID:nBSE1nKBm8
Further company coverage: FORC.NS
(([email protected];;))
India's Force Motors settles lower on drop in September sales
** Shares of Force Motors FORC.NS settle 3.7% down at 6,930 rupees
** Auto maker reported a 7.2% y/y drop in monthly sales for September, with exports plummeting 70.6%
** FORC drop for a third straight session, shedding 9.5% in the period
** Still, stock has doubled in 2024, rising 105%
(Reporting by Nishit Navin)
(([email protected];))
** Shares of Force Motors FORC.NS settle 3.7% down at 6,930 rupees
** Auto maker reported a 7.2% y/y drop in monthly sales for September, with exports plummeting 70.6%
** FORC drop for a third straight session, shedding 9.5% in the period
** Still, stock has doubled in 2024, rising 105%
(Reporting by Nishit Navin)
(([email protected];))
India's Force Motors falls on drop in sales in August
** Shares of auto maker Force Motors FORC.NS shed 2.8% to 7,778.5 rupees apiece
** Auto and auto components maker logs a drop in total sales in domestic and export markets in August
** FORC sees 23.82% year-on-year drop in total sales in August to 2,299 units from 3,018 units
** Domestic sales across small- (SCV), light commercial vehicles (LCV) and utility vehicles (UV) down 8.11% in August, exports down 78.37%
** FORC shares up 132.2% this year so far - Exchange data
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463;))
** Shares of auto maker Force Motors FORC.NS shed 2.8% to 7,778.5 rupees apiece
** Auto and auto components maker logs a drop in total sales in domestic and export markets in August
** FORC sees 23.82% year-on-year drop in total sales in August to 2,299 units from 3,018 units
** Domestic sales across small- (SCV), light commercial vehicles (LCV) and utility vehicles (UV) down 8.11% in August, exports down 78.37%
** FORC shares up 132.2% this year so far - Exchange data
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463;))
Force Motors Aug Total Domestic Sales 2,153 Units Versus 2,343 Units Year Ago
Sept 5 (Reuters) - Force Motors Ltd FORC.NS:
AUG TOTAL DOMESTIC SALES 2,153 UNITS VERSUS 2,343 UNITS YEAR AGO
AUG TOTAL SCV, LCV, UV SALES DOWN 23.82% Y/Y
Source text for Eikon: ID:nBSE6bd5nr
Further company coverage: FORC.NS
(([email protected];;))
Sept 5 (Reuters) - Force Motors Ltd FORC.NS:
AUG TOTAL DOMESTIC SALES 2,153 UNITS VERSUS 2,343 UNITS YEAR AGO
AUG TOTAL SCV, LCV, UV SALES DOWN 23.82% Y/Y
Source text for Eikon: ID:nBSE6bd5nr
Further company coverage: FORC.NS
(([email protected];;))
India's Force Motors' Q1 profit jumps 69% on increasing demand
BENGALURU, July 30 (Reuters) - Indian automaker Force Motors FORC.NS reported a 69% rise in quarterly profit on Tuesday as it benefitted from increasing demand, boosting its shares 10%.
The company, which also makes engines for BMW BMWG.DE and Mercedes MBGn.DE cars in India, said its consolidated net profit rose to 1.16 billion rupees (about $14 million) in the April-June quarter, from 685.6 million rupees a year earlier.
Force, which manufactures commercial vehicles (CV), including vans, school buses and ambulances, reported a 27% rise in revenue to 18.85 billion rupees during the quarter, driven by a 10% jump in sales volumes.
CV sales are often viewed as an indicator of economic activity in India.
CV manufacturers reported a 3.5% rise in sales in the April-June period, defying market expectations, with analysts expecting a decline in sales due to India's general elections during the quarter.
Economic growth, favourable government policies and a likely good monsoon are expected to fuel demand in the CV sector in fiscal 2025, according to an industry body.
($1 = 83.7250 Indian rupees)
(Reporting by Nandan Mandayam in Bengaluru; Editing by Sonia Cheema)
(([email protected]; Mobile: +91 9591011727;))
BENGALURU, July 30 (Reuters) - Indian automaker Force Motors FORC.NS reported a 69% rise in quarterly profit on Tuesday as it benefitted from increasing demand, boosting its shares 10%.
The company, which also makes engines for BMW BMWG.DE and Mercedes MBGn.DE cars in India, said its consolidated net profit rose to 1.16 billion rupees (about $14 million) in the April-June quarter, from 685.6 million rupees a year earlier.
Force, which manufactures commercial vehicles (CV), including vans, school buses and ambulances, reported a 27% rise in revenue to 18.85 billion rupees during the quarter, driven by a 10% jump in sales volumes.
CV sales are often viewed as an indicator of economic activity in India.
CV manufacturers reported a 3.5% rise in sales in the April-June period, defying market expectations, with analysts expecting a decline in sales due to India's general elections during the quarter.
Economic growth, favourable government policies and a likely good monsoon are expected to fuel demand in the CV sector in fiscal 2025, according to an industry body.
($1 = 83.7250 Indian rupees)
(Reporting by Nandan Mandayam in Bengaluru; Editing by Sonia Cheema)
(([email protected]; Mobile: +91 9591011727;))
Force Motors June Domestic Sales Of Scv, Lcv, Uv Rises 12.66% Y/Y
July 2 (Reuters) - Force Motors Ltd FORC.NS:
FORCE MOTORS - JUNE DOMESTIC SALES OF SCV, LCV, UV RISES 12.66% Y/Y
Source text for Eikon: ID:nNSE1ddkY7
Further company coverage: FORC.NS
(([email protected];))
July 2 (Reuters) - Force Motors Ltd FORC.NS:
FORCE MOTORS - JUNE DOMESTIC SALES OF SCV, LCV, UV RISES 12.66% Y/Y
Source text for Eikon: ID:nNSE1ddkY7
Further company coverage: FORC.NS
(([email protected];))
India's Force Motors up on monthly sales rise
** Shares of Force Motors FORC.NS rise as much as 2.4% to 8,590 rupees; last up 1.8%
** The automaker's total domestic vehicle sales in May rose 13.9% y/y
** Including session's gains, stock is up over 155% YTD vs a 31% rise in the Nifty auto index .NIFTYAUTO
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
** Shares of Force Motors FORC.NS rise as much as 2.4% to 8,590 rupees; last up 1.8%
** The automaker's total domestic vehicle sales in May rose 13.9% y/y
** Including session's gains, stock is up over 155% YTD vs a 31% rise in the Nifty auto index .NIFTYAUTO
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
India's Force Motors up on Q4 sales jump
** Shares of Force Motors FORC.NS rise 2.2% to 9,712.7 rupees
** The automaker said on Friday its domestic and export sales of commercial and utility vehicles rose 43.54% Y/Y in April
** FORC trading above its 100-day and 200-day simple moving averages since May 2023
** Stock had gained ~32% in April
** FORC up 190% so far in 2024 vs a 21.2% rise in the Nifty Auto Index .NIFTYAUTO
(Reporting by Ashna Teresa Britto in Bengaluru)
(([email protected] ; ( +91 8078332441))
** Shares of Force Motors FORC.NS rise 2.2% to 9,712.7 rupees
** The automaker said on Friday its domestic and export sales of commercial and utility vehicles rose 43.54% Y/Y in April
** FORC trading above its 100-day and 200-day simple moving averages since May 2023
** Stock had gained ~32% in April
** FORC up 190% so far in 2024 vs a 21.2% rise in the Nifty Auto Index .NIFTYAUTO
(Reporting by Ashna Teresa Britto in Bengaluru)
(([email protected] ; ( +91 8078332441))
Force Motors Says April Sales of Domestic + Export For Cvs And Utility Vehicles Rose 43.54% Y/Y
May 3 (Reuters) - Force Motors Ltd FORC.NS:
APRIL SALES – DOMESTIC + EXPORT FOR CVS AND UTILITY VEHICLES ROSE 43.54% Y/Y
Source text for Eikon: ID:nBSE58wwZW
Further company coverage: FORC.NS
(([email protected];))
May 3 (Reuters) - Force Motors Ltd FORC.NS:
APRIL SALES – DOMESTIC + EXPORT FOR CVS AND UTILITY VEHICLES ROSE 43.54% Y/Y
Source text for Eikon: ID:nBSE58wwZW
Further company coverage: FORC.NS
(([email protected];))
India's Force Motors hits record high on higher March sales
** Shares of automaker Force Motors FORC.NS rise as much as 12.8% to 9,240 rupees, hitting a record high
**Stock last up 4.9%, rising for the 7th consecutive session
** FORC on Friday said its domestic sales in March rose 34% year-on year to 3,248 units
** Its exports in March rose to 420 units from 106 units a year ago
** More than 180,000 shares change hands, 2.5x the 30-day avg
(Reporting by Anisha Ajith in Bengaluru)
** Shares of automaker Force Motors FORC.NS rise as much as 12.8% to 9,240 rupees, hitting a record high
**Stock last up 4.9%, rising for the 7th consecutive session
** FORC on Friday said its domestic sales in March rose 34% year-on year to 3,248 units
** Its exports in March rose to 420 units from 106 units a year ago
** More than 180,000 shares change hands, 2.5x the 30-day avg
(Reporting by Anisha Ajith in Bengaluru)
India's Force Motors to shut down its agricultural tractors business
BENGALURU, March 29 (Reuters) - India's Force Motors FORC.NS said on Friday it will close its agricultural tractors business and related activities from March 31.
The closure of business is part of the company's product rationalisation programme under which it will focus on its core segments such as shared mobility transportation, last mile mobility and the creation of special vehicles for civil and defence applications, the company added.
In financial year 2023, the sale of agricultural tractors accounted for 3.66% of the company's total revenue, Force Motors said.
The company, which is known for its multi-seater passenger vehicles and also makes engines for BMW BMWG.DE and Mercedes MBGn.DE cars in India, earns about 48% of its revenue from vehicle sales, while about 36% revenue comes from contract engine manufacturing, according to its last annual report.
Force Motors reported a profit for the fourth-straight quarter in the October-December period as a pickup in post-pandemic economic activity helped the Maharashtra-based company turn profitable.
(Reporting by Ashish Chandra in Bengaluru; Editing by Sohini Goswami)
(([email protected]; +91 7982114624;))
BENGALURU, March 29 (Reuters) - India's Force Motors FORC.NS said on Friday it will close its agricultural tractors business and related activities from March 31.
The closure of business is part of the company's product rationalisation programme under which it will focus on its core segments such as shared mobility transportation, last mile mobility and the creation of special vehicles for civil and defence applications, the company added.
In financial year 2023, the sale of agricultural tractors accounted for 3.66% of the company's total revenue, Force Motors said.
The company, which is known for its multi-seater passenger vehicles and also makes engines for BMW BMWG.DE and Mercedes MBGn.DE cars in India, earns about 48% of its revenue from vehicle sales, while about 36% revenue comes from contract engine manufacturing, according to its last annual report.
Force Motors reported a profit for the fourth-straight quarter in the October-December period as a pickup in post-pandemic economic activity helped the Maharashtra-based company turn profitable.
(Reporting by Ashish Chandra in Bengaluru; Editing by Sohini Goswami)
(([email protected]; +91 7982114624;))
Force Motors Says Feb Total Domestic Sales At 2,366 Units
March 5 (Reuters) - Force Motors Ltd FORC.NS:
FORCE MOTORS LTD - FEB TOTAL DOMESTIC SALES AT 2,366 UNITS
FORCE MOTORS LTD - SALES EXPORTS AT 95 UNITS IN FEB
Source text for Eikon: ID:nBSE90XvtB
Further company coverage: FORC.NS
(([email protected];))
March 5 (Reuters) - Force Motors Ltd FORC.NS:
FORCE MOTORS LTD - FEB TOTAL DOMESTIC SALES AT 2,366 UNITS
FORCE MOTORS LTD - SALES EXPORTS AT 95 UNITS IN FEB
Source text for Eikon: ID:nBSE90XvtB
Further company coverage: FORC.NS
(([email protected];))
India's Force Motors up on posting Q3 profit
** Shares of Force Motors FORC.BO up 3.4% at 4,279.95 rupees, its highest price since Nov. 30, 2023
** Co posts Q3 profit vs loss last year
** Stock climbed last week on monthly sales rise in Jan
** Since Oct and Nov 2023, auto stocks rallied on strong Q2 results to record highs and extended gains over the last month on good Q3 performances
** FORC's commercial vehicle-maker rival Ashok Leyland ASOK.NS beat Q3 profit view last week
(Reporting by Varun Vyas in Bengaluru)
** Shares of Force Motors FORC.BO up 3.4% at 4,279.95 rupees, its highest price since Nov. 30, 2023
** Co posts Q3 profit vs loss last year
** Stock climbed last week on monthly sales rise in Jan
** Since Oct and Nov 2023, auto stocks rallied on strong Q2 results to record highs and extended gains over the last month on good Q3 performances
** FORC's commercial vehicle-maker rival Ashok Leyland ASOK.NS beat Q3 profit view last week
(Reporting by Varun Vyas in Bengaluru)
India's Force Motors up on monthly sales climb in Jan
** Shares of Force Motors FORC.BO up as much as 3.3% at 4,200 rupees, highest level since Dec. 5
** Co's monthly domestic sales rose 22.2% YoY in January
** Other automakers reported monthly sales on Feb. 1, making Nifty Auto index .NIFTYAUTO stocks, including Mahindra and Mahindra MAHM.NS, top gainers on the day
** Since Oct and Nov 2023, auto stocks rallied on strong Q2 results to record highs, and extended gains over the last month on good Q3 performances
** FORC up 7.5% since Q2 results in Nov; Q3 results due next week
(Reporting by Varun Vyas in Bengaluru)
** Shares of Force Motors FORC.BO up as much as 3.3% at 4,200 rupees, highest level since Dec. 5
** Co's monthly domestic sales rose 22.2% YoY in January
** Other automakers reported monthly sales on Feb. 1, making Nifty Auto index .NIFTYAUTO stocks, including Mahindra and Mahindra MAHM.NS, top gainers on the day
** Since Oct and Nov 2023, auto stocks rallied on strong Q2 results to record highs, and extended gains over the last month on good Q3 performances
** FORC up 7.5% since Q2 results in Nov; Q3 results due next week
(Reporting by Varun Vyas in Bengaluru)
Force Motors Says Total Domestic Sales At 2,174 Units In Dec
Jan 5 (Reuters) -
TOTAL DOMESTIC SALES AT 2,174 UNITS IN DEC
TOTAL SALES EXPORTS AT 326 UNITS IN DEC
Source text for Eikon: ID:nBSEbPh3Zj
Further company coverage: [ ]
(([email protected];))
Jan 5 (Reuters) -
TOTAL DOMESTIC SALES AT 2,174 UNITS IN DEC
TOTAL SALES EXPORTS AT 326 UNITS IN DEC
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What does Force Motors do?
Force Motors Ltd is a fully integrated automobile company offering a wide range of products including tractors, three wheelers, light commercial vehicles, multi-utility vehicles, and heavy commercial vehicles.
Who are the competitors of Force Motors?
Force Motors major competitors are Olectra Greentech, SML Isuzu, Ashok Leyland. Market Cap of Force Motors is ₹16,469 Crs. While the median market cap of its peers are ₹10,031 Crs.
Is Force Motors financially stable compared to its competitors?
Force Motors seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Force Motors pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Force Motors latest dividend payout ratio is 6.79% and 3yr average dividend payout ratio is 8.33%
How has Force Motors allocated its funds?
Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments, Inventory
How strong is Force Motors balance sheet?
Balance sheet of Force Motors is strong. But short term working capital might become an issue for this company.
Is the profitablity of Force Motors improving?
Yes, profit is increasing. The profit of Force Motors is ₹800 Crs for TTM, ₹388 Crs for Mar 2024 and ₹134 Crs for Mar 2023.
Is the debt of Force Motors increasing or decreasing?
The net debt of Force Motors is decreasing. Latest net debt of Force Motors is -₹489.98 Crs as of Mar-25. This is less than Mar-24 when it was -₹1.64 Crs.
Is Force Motors stock expensive?
Force Motors is expensive when considering the PE ratio, however latest EV/EBIDTA is < 3 yr avg EV/EBIDTA. Latest PE of Force Motors is 20.57, while 3 year average PE is 9.76. Also latest EV/EBITDA of Force Motors is 14.62 while 3yr average is 28.7.
Has the share price of Force Motors grown faster than its competition?
Force Motors has given better returns compared to its competitors. Force Motors has grown at ~23.89% over the last 10yrs while peers have grown at a median rate of 13.82%
Is the promoter bullish about Force Motors?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Force Motors is 61.63% and last quarter promoter holding is 61.63%.
Are mutual funds buying/selling Force Motors?
The mutual fund holding of Force Motors is increasing. The current mutual fund holding in Force Motors is 0.75% while previous quarter holding is 0.39%.