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FORCEMOT - Fundamental Analysis: Financial Health & Valuation

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Rating: 4.3

Last Updated Time : 02 Feb 26, 01:08 pm

Fundamental Rating: 4.3

Stock Code FORCEMOT Market Cap 24,732 Cr. Current Price 18,780 ₹ High / Low 22,000 ₹
Stock P/E 30.2 Book Value 2,720 ₹ Dividend Yield 0.21 % ROCE 29.3 %
ROE 20.2 % Face Value 10.0 ₹ DMA 50 18,961 ₹ DMA 200 16,131 ₹
Chg in FII Hold 0.19 % Chg in DII Hold 0.32 % PAT Qtr 350 Cr. PAT Prev Qtr 185 Cr.
RSI 45.6 MACD 1.85 Volume 34,364 Avg Vol 1Wk 75,938
Low price 6,200 ₹ High price 22,000 ₹ PEG Ratio 0.27 Debt to equity 0.00
52w Index 79.6 % Qtr Profit Var 148 % EPS 815 ₹ Industry PE 30.8

📊 Core Financials

  • Revenue growth: Strong, PAT at 350 Cr vs 185 Cr in previous quarter, showing 148 % improvement.
  • Profit margins: EPS at 815 ₹, reflecting robust profitability.
  • Debt ratios: Excellent, debt-to-equity at 0.00 indicates zero leverage.
  • Cash flows: Supported by strong profitability and debt-free balance sheet.
  • Return metrics: ROCE 29.3 %, ROE 20.2 % — very healthy efficiency and shareholder returns.

💹 Valuation Indicators

  • P/E ratio: 30.2, in line with industry average (30.8), fairly valued.
  • P/B ratio: Current Price / Book Value ≈ 6.9, moderately expensive relative to assets.
  • PEG ratio: 0.27, attractive, suggests undervaluation relative to growth.
  • Intrinsic value: Fairly valued, supported by strong earnings and growth outlook.

🏢 Business Model & Competitive Advantage

  • Operates in automotive sector, specializing in commercial vehicles, tractors, and utility vehicles.
  • Strong brand presence with diversified product portfolio.
  • Competitive advantage through debt-free structure, robust profitability, and consistent growth.

📈 Entry Zone & Long-Term Guidance

  • Entry zone: Attractive near 18,000–18,500 ₹ levels, close to DMA 50 support.
  • Long-term holding: Favorable due to strong fundamentals, high ROE/ROCE, and growth potential; suitable for investors seeking exposure to commercial vehicle sector.

Positive

  • Strong ROCE (29.3 %) and ROE (20.2 %).
  • Debt-free balance sheet (Debt-to-equity 0.00).
  • Quarterly PAT growth of 148 %.
  • EPS at 815 ₹ reflects robust earnings.
  • Institutional support: FII (+0.19 %) and DII (+0.32 %) holdings increased.

Limitation

  • P/B ratio at 6.9 indicates expensive valuation relative to assets.
  • Dividend yield at 0.21 % is low, limiting income returns.
  • Stock trading slightly below DMA 50, showing cautious momentum.

Company Negative News

  • Stock corrected from 52-week high of 22,000 ₹.
  • Volume lower than average (34,364 vs 75,938), showing reduced trading activity.

Company Positive News

  • Quarterly PAT surged significantly (350 Cr vs 185 Cr).
  • Strong fundamentals with high ROE and ROCE.
  • Debt-free balance sheet ensures financial stability.

Industry

  • Automotive sector supported by demand in commercial vehicles and tractors.
  • Industry PE at 30.8, close to FORCEMOT’s P/E, suggesting fair valuation.

Conclusion

  • FORCEMOT demonstrates strong fundamentals with robust profitability, high efficiency, and zero debt.
  • Valuation is fair compared to industry peers, with PEG ratio highlighting growth potential.
  • Entry advisable near support levels; long-term holding recommended for investors seeking exposure to commercial vehicle growth with strong fundamentals.

Would you like me to also prepare a comparative HTML snapshot against peers like Ashok Leyland, Tata Motors, and Mahindra & Mahindra to highlight FORCEMOT’s relative valuation and strengths?

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