BSE: 500033

Strong Performer, Getting Expensive

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8691.65 64.50 (0.75%)

41.82% Gain from 52W Low

38,877 NSE+BSE Volume

BSE 17 Apr, 2025 3:31 PM (IST)

11,452.4

Market Cap

Below industry Median

1.3

Beta 1Year

Very High Volatility

Force Motors Ltd. share price target and research reports

Name: Latest research reports of Force Motors Ltd. authored by HDFC Securities and published by - Trendlyne research reports.
Item: Force Motors Ltd.
Rating: 5
Author: HDFC Securities

Latest analyst research reports with target prices and PDF download for FORCEMOT, BSE:500033 Force Motors Ltd.

Force Motors Ltd.

23 Jan 2017

8691.65

0.75%

Force Motors (3QFY17): Interim blip. Maintain BUY

Buy: Force Motors Ltd.

HDFC Securities

Force Motor?s 3QFY17 was adversely impacted by the government?s demonetisation initiative. Net revenues at Rs 6.2bn were dragged down 14% YoY by a 13% degrowth in automotive and 17% fall in sub-contracting (auto comp). EBITDA margin at 4.6% (Rs 289mn) was hit by deleverage, as seen in higher employee expenses ( 475bps YoY). APAT fell 15% YoY to Rs 233mn.

Force Motors Ltd. is trading above all available SMAs

Force Motors Ltd.

28 Oct 2016

8691.65

0.75%

Force Motors (2QFY17): A miss, but bright days ahead. Maintain BUY

Buy: Force Motors Ltd.

HDFC Securities

Force Motorss 2QFY17 EBITDA margin at 8.9% (Rs 750mn) was below estimates owing to higher than expected other expenses ( 50bps QoQ) and slightly lower topline. Net sales at Rs 8.4bn ( 12% YoY, 13% QoQ) were a miss on lower sub-contracting (3.5% below est.) revenue. APAT stood at Rs 493 mn ( 16% YoY).

Force Motors Ltd. has gained 31.72% in the last 3 Months

Force Motors Ltd.

19 Oct 2016

8691.65

0.75%

Force Motors (Update): On the fast track. Maintain BUY

Buy: Force Motors Ltd.

Target

HDFC Securities

Our recent visit to Mercedes? Chakan plant enthused us on the business prospects of Force Motors (FML). FML assembles (sub-contracting) the powertrain components for both large global competitors in the luxury car market i.e. Mercedes-Benz and BMW.

Force Motors Ltd. has gained 24.45% in the last 6 Months

Force Motors Ltd.

06 Oct 2016

8691.65

0.75%

Force Motors (Initiating Coverage): Luxe ride. BUY

Buy: Force Motors Ltd.

HDFC Securities

Initiate coverage with a BUY rating and target price of Rs 4,485 (based on 20x Sept-18E earnings). Our target multiple for FML (at a 33% premium to its historical mean) is premised on its robust earnings outlook, margin expansion and improving return ratios as asset sweating rises with volumes.

Force Motors Ltd. has gained 24.45% in the last 6 Months

Force Motors Ltd.

10 Aug 2016

8691.65

0.75%

Force Motors Ltd

Buy: Force Motors Ltd.

AUM Capital

Force Motors Ltd (FML) is a fully integrated company with expertise in design development and manufacture of the full spectrum of automotive components, aggregates and vehicles. It sells vehicles including small commercial vehicles, multi-utility vehicles, light commercial vehicles, sports utility vehicles and agricultural tractors. The company operates its business under three verticals- vehicle manufacturing, component manufacturing and tooling for other OEMs. Vehicle business contributes 70% and the rest contribute 30%. The company exports to various...

Force Motors Ltd. is trading above all available SMAs

Force Motors Ltd.

15 Oct 2015

8691.65

0.75%

Force Motors Ltd.- Company Update

Buy: Force Motors Ltd.

Systematix Group

Since our first coverage of Force Motors Ltd. (FML) in February 2015, the stock has more than doubled, in just about 8 months. With all segments of its business poised for an uptick, trading at 23.1X its FY17E EPS, we believe it is strong long term investment idea. FML is automobile company with focus on designing, development and manufacturing of vehicles mainly LCV, UV's and tractors and auto components. FML enjoys the market leadership position of 61% share in the LCV passenger segment in India. Force also has technical collaboration with Daimler AG, Germany in respect of multi-purpose passenger vehicles. FML partnered with Indian arm of German luxury auto maker BMW in its strategy for...

Force Motors Ltd. has gained 24.45% in the last 6 Months

Is Force Motors Ltd. worth buying?

299 Votes:

Buy 76.92%

Sell 11.37%

Hold 11.71%