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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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,…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A high-quality, fast-growing business, reasonably priced.
Force Motors is scored on the general / industrial framework. It keeps a healthy 13.2% of every rupee of sales as net profit. Cash broadly tracks reported profit (CFO/PAT 1.07×). Free cash flow is worth about 1.6% of its market value.
Over the last 3 years revenue compounded at 22%/yr and profit at 109%/yr. Book value itself has compounded 31%/yr — the hallmark of a genuine compounder. Return on equity is an elite 22.5%. In the latest quarter profit fell 22% versus the prior quarter.
At 21× earnings, the stock sits at the 24th percentile of its own 3.3-year range — the cheap end of where it has historically traded. Today's price implies ~10%/yr earnings growth for a decade. The books come through clean — a forensic grade of A, and Altman puts distress risk in the safe zone.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 20.89 | 24.43 | better |
| P/B | 5.38 | 6.54 | better |
| EV/EBITDA | 12.11 | 13.19 | better |
| ROE | 22.5 | 19.65 | better |
| ROCE | 30.2 | 19.98 | better |
| ROA | 16.4 | 13.64 | better |
| Quick Ratio | 1.26 | 0.85 | better |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Maruti Suzuki | 29.8 | 3.7 | 12.3% |
| Mahindra & Mahindra | 19.1 | 4.2 | 19.8% |
| Bajaj Auto | 23.4 | 8.2 | 35.7% |
Revenue has grown every year across all 4 financial years shown. 22% CAGR over 3 years — high-growth territory.
Net profit has risen every year — the hallmark of a compounder. Profit is growing faster than revenue (108% vs 22%) — margin expansion is at work. The latest year saw a +51% swing — check if it's a one-off or structural.
Operating margin has expanded from 5% to 17% — the business is keeping more of each rupee earned.
ROE at 29% — the business earns well above its cost of equity. Capital efficiency improving — ROE up 22pp across the window.
EPS has grown every year — each share earns more than the last, consistently. 109% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Heavy investing spend every year, but operations generate enough to cover it — the business self-funds its growth. Financing outflows in consecutive years — balance-sheet discipline through debt repayment or dividends.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue broadly flat QoQ — stable but not accelerating. Run-rate stepping up — recent quarters average 19% above earlier ones.
Profit fell 22% QoQ — one-quarter drops can be noise, but a pattern matters. Quarterly margins are compressing (17% → 9%) — more revenue isn't translating to proportionally more profit.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.3y median.
Promoter holding at 61.6% — majority control intact. FIIs trimmed 3.4pp — foreign money is rotating out.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.