FORCE MOTORS LTD
Force Motors Limited, an integrated automobile company, designs, develops, manufactures, and sells a range of automotive components, aggregates, and vehicles in India. The company provides passenger vehicles, ambulances, school buses, and delivery van; small commercial, light commercial, multi utility vehicles, special vehicles, and spare parts; special utility vehicles, which include off-roaders… Read more
FORCE MOTORS LTD (FORCEMOT) - Net Assets
Latest net assets as of September 2025: ₹35.09 Billion INR
Based on the latest financial reports, FORCE MOTORS LTD (FORCEMOT) has net assets worth ₹35.09 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹53.42 Billion) and total liabilities (₹18.33 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹35.09 Billion |
| % of Total Assets | 65.68% |
| Annual Growth Rate | 14.7% |
| 5-Year Change | 65.01% |
| 10-Year Change | 104.58% |
| Growth Volatility | 510.11 |
FORCE MOTORS LTD - Net Assets Trend (2005–2025)
This chart illustrates how FORCE MOTORS LTD's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for FORCE MOTORS LTD (2005–2025)
The table below shows the annual net assets of FORCE MOTORS LTD from 2005 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹30.36 Billion | +34.48% |
| 2024-03-31 | ₹22.57 Billion | +20.26% |
| 2023-03-31 | ₹18.77 Billion | +7.27% |
| 2022-03-31 | ₹17.50 Billion | -4.88% |
| 2021-03-31 | ₹18.40 Billion | -6.48% |
| 2020-03-31 | ₹19.67 Billion | +1.67% |
| 2019-03-31 | ₹19.35 Billion | +7.33% |
| 2018-03-31 | ₹18.03 Billion | +8.01% |
| 2017-03-31 | ₹16.69 Billion | +12.48% |
| 2016-03-31 | ₹14.84 Billion | +12.41% |
| 2015-03-31 | ₹13.20 Billion | +7.41% |
| 2014-03-31 | ₹12.29 Billion | +6.34% |
| 2013-03-31 | ₹11.56 Billion | +1.08% |
| 2012-03-31 | ₹11.43 Billion | +242.02% |
| 2011-03-31 | ₹3.34 Billion | +17.99% |
| 2010-03-31 | ₹2.83 Billion | -17.89% |
| 2009-03-31 | ₹3.45 Billion | +2338.26% |
| 2008-03-31 | ₹141.52 Million | -91.36% |
| 2007-03-31 | ₹1.64 Billion | -27.40% |
| 2006-03-31 | ₹2.26 Billion | +15.48% |
| 2005-03-31 | ₹1.95 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to FORCE MOTORS LTD's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 4503.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹25.72 Billion | 84.80% |
| Common Stock | ₹131.80 Million | 0.43% |
| Other Comprehensive Income | ₹3.89 Billion | 12.81% |
| Other Components | ₹592.00 Million | 1.95% |
| Total Equity | ₹30.33 Billion | 100.00% |
FORCE MOTORS LTD Competitors by Market Cap
The table below lists competitors of FORCE MOTORS LTD ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Cencosud Shopping SA
SN:CENCOMALLS
|
$1.13 Billion |
|
State Grid Yingda Co Ltd
SHG:600517
|
$1.13 Billion |
|
Jolywood Suzhou Sunwatt Co Ltd
SHE:300393
|
$1.13 Billion |
|
FLAT GLASS GROUP H YC-25
F:72T
|
$1.13 Billion |
|
FIBRA Macquarie México
PINK:DBMBF
|
$1.13 Billion |
|
Day One Biopharmaceuticals Inc
NASDAQ:DAWN
|
$1.13 Billion |
|
THAI LIFE INSURANCE PUBLIC COMPANY
BK:TLI-R
|
$1.13 Billion |
|
Visual Photonics Epitaxy Co Ltd
TW:2455
|
$1.13 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in FORCE MOTORS LTD's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 22,551,400,000 to 30,334,300,000, a change of 7,782,900,000 (34.5%).
- Net income of 8,007,400,000 contributed positively to equity growth.
- Dividend payments of 263,500,000 reduced retained earnings.
- Other comprehensive income increased equity by 68,600,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹8.01 Billion | +26.4% |
| Dividends Paid | ₹263.50 Million | -0.87% |
| Other Comprehensive Income | ₹68.60 Million | +0.23% |
| Other Changes | ₹-29.60 Million | -0.1% |
| Total Change | ₹- | 34.51% |
Book Value vs Market Value Analysis
This analysis compares FORCE MOTORS LTD's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 9.12x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 141.93x to 9.12x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-03-31 | ₹147.90 | ₹20990.00 | x |
| 2006-03-31 | ₹170.83 | ₹20990.00 | x |
| 2007-03-31 | ₹124.33 | ₹20990.00 | x |
| 2008-03-31 | ₹10.74 | ₹20990.00 | x |
| 2009-03-31 | ₹261.88 | ₹20990.00 | x |
| 2010-03-31 | ₹215.02 | ₹20990.00 | x |
| 2011-03-31 | ₹253.70 | ₹20990.00 | x |
| 2012-03-31 | ₹867.69 | ₹20990.00 | x |
| 2013-03-31 | ₹876.17 | ₹20990.00 | x |
| 2014-03-31 | ₹931.75 | ₹20990.00 | x |
| 2015-03-31 | ₹1000.83 | ₹20990.00 | x |
| 2016-03-31 | ₹1125.08 | ₹20990.00 | x |
| 2017-03-31 | ₹1265.62 | ₹20990.00 | x |
| 2018-03-31 | ₹1366.98 | ₹20990.00 | x |
| 2019-03-31 | ₹1467.22 | ₹20990.00 | x |
| 2020-03-31 | ₹1491.58 | ₹20990.00 | x |
| 2021-03-31 | ₹1394.83 | ₹20990.00 | x |
| 2022-03-31 | ₹1326.53 | ₹20990.00 | x |
| 2023-03-31 | ₹1423.06 | ₹20990.00 | x |
| 2024-03-31 | ₹1711.55 | ₹20990.00 | x |
| 2025-03-31 | ₹2302.24 | ₹20990.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently FORCE MOTORS LTD utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 26.40%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.92%
- • Asset Turnover: 1.57x
- • Equity Multiplier: 1.69x
- Recent ROE (26.40%) is above the historical average (-40.87%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 1.44% | 0.33% | 1.87x | 2.36x | ₹-166.77 Million |
| 2006 | 13.42% | 3.24% | 1.22x | 3.41x | ₹77.08 Million |
| 2007 | -37.41% | -6.29% | 1.00x | 5.92x | ₹-776.60 Million |
| 2008 | -1057.75% | -14.83% | 0.92x | 77.76x | ₹-1.51 Billion |
| 2009 | 15.96% | 6.19% | 0.69x | 3.74x | ₹205.82 Million |
| 2010 | 21.33% | 6.32% | 1.21x | 2.78x | ₹320.91 Million |
| 2011 | 17.54% | 3.96% | 1.41x | 3.13x | ₹251.90 Million |
| 2012 | 72.10% | 39.54% | 1.25x | 1.46x | ₹7.10 Billion |
| 2013 | 1.25% | 0.73% | 1.15x | 1.48x | ₹-1.01 Billion |
| 2014 | 6.34% | 3.80% | 1.16x | 1.45x | ₹-449.22 Million |
| 2015 | 7.70% | 4.26% | 1.21x | 1.50x | ₹-303.37 Million |
| 2016 | 12.07% | 5.86% | 1.33x | 1.55x | ₹306.46 Million |
| 2017 | 10.80% | 5.81% | 1.15x | 1.62x | ₹133.32 Million |
| 2018 | 8.17% | 4.28% | 1.36x | 1.40x | ₹-329.93 Million |
| 2019 | 7.41% | 3.90% | 1.30x | 1.47x | ₹-499.91 Million |
| 2020 | 2.55% | 1.62% | 1.00x | 1.58x | ₹-1.46 Billion |
| 2021 | -6.73% | -6.18% | 0.62x | 1.76x | ₹-3.07 Billion |
| 2022 | -5.21% | -2.81% | 0.89x | 2.09x | ₹-2.66 Billion |
| 2023 | 7.13% | 2.66% | 1.25x | 2.14x | ₹-538.63 Million |
| 2024 | 17.21% | 5.55% | 1.58x | 1.96x | ₹1.63 Billion |
| 2025 | 26.40% | 9.92% | 1.57x | 1.69x | ₹4.97 Billion |
Industry Comparison
This section compares FORCE MOTORS LTD's net assets metrics with peer companies in the Auto Manufacturers industry.
Industry Context
- Industry: Auto Manufacturers
- Average net assets among peers: $43,045,931,889
- Average return on equity (ROE) among peers: -10.28%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| FORCE MOTORS LTD (FORCEMOT) | ₹35.09 Billion | 1.44% | 0.52x | $1.13 Billion |
| Ather Energy Limited (ATHERENERG) | $2.25 Billion | -153.00% | 2.64x | $77.93K |
| Bajaj Auto Limited (BAJAJ-AUTO) | $101.67 Billion | 33.25% | 0.51x | $11.62 Billion |
| Eicher Motors Limited (EICHERMOT) | $70.57 Billion | 27.77% | 0.35x | $10.70 Billion |
| Hero MotoCorp Limited (HEROMOTOCO) | $65.59 Billion | 36.06% | 0.62x | $8.01 Billion |
| Hindustan Motors Limited (HINDMOTORS) | $994.18 Million | -47.47% | 3.79x | $32.40 Million |
| Maruti Suzuki India Limited (MARUTI) | $121.83 Billion | 21.54% | 0.39x | $17.54 Billion |
| Ola Electric Mobility Ltd (OLAELEC) | $19.71 Billion | -10.11% | 0.07x | $1.29 Billion |
| SML Isuzu Limited (SMLISUZU) | $965.28 Million | 4.96% | 3.82x | $114.46 Million |
| SML Mahindra Ltd. (SMLMAH) | $3.85 Billion | -5.47% | 1.38x | $455.63K |