Force Motors Ltd (Auto - Bus/LCVs) — fundamental analysis, earnings data, and key metrics. PE: 28.0. ROE: 20.8%. This stock is not currently in the Nifty 500 momentum outperformers list.
Based on Q3 FY26 (December 2025) earnings • Updated Feb 22, 2026
What: 531bps OPM expansion to record 17.57% sustained for two consecutive quarters
Impact: +₹113 Cr revenue
“Management noted margins above 17% for two consecutive quarters signal sustainable operational improvements rather than one-time gains.”
What: Interest costs down to ₹0.16 cr from ₹4.12 cr YoY
“Management stated interest costs declined dramatically reflecting transition to virtually debt-free balance sheet.”
What: 2.27% revenue growth translating to 15.81% PAT growth
Impact: +₹48.16 Cr revenue
“Management highlighted net profit growing at nearly 20 times the rate of revenue growth.”
Earnings deceleration risks from management commentary
Trigger: Competitive pressures intensify
Impact: -531 bps margin impact
Management view: Not explicitly addressed but company notes margins above 17% for two quarters signal sustainable improvements.
Monitor: Quarterly OPM trend
Trigger: Economic slowdown materializes
Impact: -300 bps margin impact
Management view: Not explicitly addressed but strong YoY revenue growth suggests current demand strength.
Monitor: Monthly CV industry sales data
Key quotes from recent conference calls
“The company's ability to maintain margins above 17% for two consecutive quarters signals sustainable operational improvements rather than one-time gains. — Management Commentary”
“PAT margin expanded dramatically to 19.08% from just 6.10% in Q3 FY25, reflecting improved product mix, operational efficiencies, and better cost management. — Management Commentary”
“Net sales reached ₹2,128.56 crores, marking a 12.65% year-on-year increase and a modest 2.27% sequential growth from September 2025. — Management Commentary”
“The nine-month performance puts the company on track to potentially exceed its full-year FY25 profit of ₹800.00 crores by a substantial margin, despite having one quarter remaining. — Management Commentary”
Forward-looking targets from management for Full Year FY26
Implied PAT Growth
152.36%
Key Milestones
• Exceed FY25 profit of ₹800 cr by substantial margin
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Feb 22, 2026.
Based on publicly available financial data. This is educational research, not investment advice.
Force Motors Ltd's latest quarterly results (Dec 2025) show
Force Motors Ltd's current PE ratio is 28.0x.
Force Motors Ltd's price-to-book ratio is 7.7x.
Force Motors Ltd's fundamental strength based on key financial ratios
Force Motors Ltd has a debt-to-equity ratio of N/A.
Force Motors Ltd's return ratios over recent years
Force Motors Ltd's operating cash flow is positive (FY2025).
Force Motors Ltd's current dividend yield is 0.20%.
Force Motors Ltd's shareholding pattern (Dec 2025)
Force Motors Ltd's promoter holding has remained stable recently.
Force Motors Ltd is an established outperformer with 1 weeks of consecutive Nifty 500 outperformance.
Force Motors Ltd has 3 key growth catalysts identified from recent earnings analysis
Force Motors Ltd has 2 key risks worth monitoring
In Q3 FY26 (December 2025), Force Motors Ltd's management highlighted
Force Motors Ltd's management has provided the following forward guidance for Full Year FY26
Based on quantitative research signals, here is why Force Motors Ltd may be worth studying
Force Motors Ltd investment thesis summary:
Force Motors Ltd's forward outlook based on current data signals
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.
