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FORCEMOT - Fundamental Analysis: Financial Health & Valuation

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Rating: 4

Last Updated Time : 19 Mar 26, 07:10 pm

Fundamental Rating: 4.0

Stock Code FORCEMOT Market Cap 28,296 Cr. Current Price 21,500 ₹ High / Low 26,486 ₹
Stock P/E 29.5 Book Value 2,720 ₹ Dividend Yield 0.19 % ROCE 29.3 %
ROE 20.2 % Face Value 10.0 ₹ DMA 50 21,549 ₹ DMA 200 17,925 ₹
Chg in FII Hold 0.19 % Chg in DII Hold 0.32 % PAT Qtr 252 Cr. PAT Prev Qtr 350 Cr.
RSI 47.3 MACD -357 Volume 1,01,598 Avg Vol 1Wk 1,10,303
Low price 7,418 ₹ High price 26,486 ₹ PEG Ratio 0.27 Debt to equity 0.00
52w Index 73.8 % Qtr Profit Var 129 % EPS 1,038 ₹ Industry PE 29.0

📊 Core Financials

  • Revenue growth: PAT declined to 252 Cr. from 350 Cr., showing short-term weakness but overall strong growth trend
  • Profit margins: EPS at 1,038 ₹, ROE 20.2%, ROCE 29.3% — excellent efficiency
  • Debt ratios: Debt-to-equity at 0.00, debt-free balance sheet
  • Cash flows: Strong profitability supports robust cash generation
  • Return metrics: ROE and ROCE well above industry averages

💹 Valuation Indicators

  • P/E Ratio: 29.5, in line with industry PE of 29.0, fair valuation
  • P/B Ratio: ~7.9 (21,500 ₹ / 2,720 ₹), relatively high
  • PEG Ratio: 0.27, attractive and suggests undervaluation relative to growth
  • Intrinsic Value: Current price appears fairly valued with potential upside

🏢 Business Model & Competitive Advantage

  • Operates in automotive and commercial vehicle manufacturing sector
  • Competitive advantage through strong brand presence and diversified product portfolio
  • Industry demand supported by infrastructure growth, logistics expansion, and rural mobility

📈 Entry Zone & Long-Term Guidance

  • Entry Zone: Attractive near 20,500–21,000 ₹ range
  • Long-Term Holding: Strongly recommended; fundamentals are robust and valuation is fair

✅ Positive

  • High ROE (20.2%) and ROCE (29.3%) indicate excellent capital efficiency
  • Debt-free company with debt-to-equity ratio at 0.00
  • DII holding increased (+0.32%), FII holding also up (+0.19%)

⚠️ Limitation

  • PAT declined from 350 Cr. to 252 Cr.
  • P/B ratio (~7.9) is relatively high
  • MACD at -357 indicates bearish sentiment

📰 Company Negative News

  • Quarterly profit decline indicates earnings volatility
  • Stock corrected from 52-week high of 26,486 ₹

🌟 Company Positive News

  • Strong EPS at 1,038 ₹
  • PEG ratio at 0.27 highlights undervaluation relative to growth
  • Stock price recovered significantly from 52-week low of 7,418 ₹

🏭 Industry

  • Industry PE at 29.0, FORCEMOT trades in line with peers
  • Sector benefits from infrastructure expansion, logistics growth, and demand for commercial vehicles

🔎 Conclusion

  • FORCEMOT shows strong fundamentals with excellent profitability, high returns, and debt-free status
  • Valuation is fair compared to industry peers, with PEG ratio suggesting attractive entry
  • Recommended for long-term holding, with entry near 20,500–21,000 ₹ offering strong risk-reward potential

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