Force Motors Ltd
Fortune 500 2024
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OVERVIEW
FINANCIALS
NEWS
About
Force Motors is an Indian automotive company specializing in manufacturing multi-utility vehicles, light and small commercial vehicles, and agricultural tractors. Known for its robust and reliable products, the company has established itself with brands like Traveller, Trax, and the iconic Tempo. With a strong presence in the passenger and goods transport segments, Force Motors also develops engines and components for global automobile manufacturers. The company emphasizes innovation and durability, catering to a wide range of industries, including agriculture, logistics, and defense. Its commitment to quality and indigenous manufacturing has made it a trusted name in the Indian automotive sector.
Incorporation Year: 1958
Headquarters: Pune, Maharashtra, India
Top Management: Prasan Firodia (Managing Director)
Industry: Automobiles
Website: forcemotors.com
Featured In Fortune India Ranking
Fortune 500 India
#317(2024)
#373(2023)
#444(2022)
#493(2021)
#359(2020)
#329(2019)
#324(2018)
#347(2017)
#327(2016)
#395(2015)
#436(2014)
#427(2013)
#282(2012)
#430(2011)
#317(2024)#373(2023)#444(2022)#493(2021)#359(2020)#329(2019)#324(2018)#347(2017)#327(2016)#395(2015)#436(2014)#427(2013)#282(2012)#430(2011)
Ranking Trend Fortune 500 India
Financial Data 2024
Revenue
7,138
(INR Cr)
Net Operating Income
6,992
(INR Cr)
Assets
2,818
(INR Cr)
Profit
388
(INR Cr)
Net Worth
2,255
(INR Cr)
Fortune India Coverage
Financial Data
RevenueNet Operating IncomeProfitAssetsNet Worth
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 7138 32.0% | 5407 66.1% | 3255 59.6% | 2040 -32.9% | 3041 -19.3% | 3768 6.4% | 3543 14.9% | 3083 -2.5% | 3162 29.8% | 2436 17.1% | 2080 1.6% | 2047 -34.1% | 3107 94.4% | 1599 52.9% | 1045 -15.6% | 1238 - |
| Net Operating Income (INR Cr) | 6992 39.04% | 5029 55.20% | 3240 62.98% | 1988 -35.46% | 3081 -15.66% | 3652 6.70% | 3423 11.52% | 3069 1.47% | 3025 27.96% | 2364 16.92% | 2022 2.48% | 1973 0.00% | 2085 33.24% | 1565 63.68% | 956 27.39% | 891 -11.76% |
| Profit (INR Cr) | 388 190.4% | 134 - | -91 - | -124 - | 50 -65.0% | 143 -2.6% | 147 -18.3% | 180 0.7% | 179 76.2% | 102 30.4% | 78 439.9% | 14 -98.3% | 824 1306.2% | 59 -3.0% | 60 - | -1 - |
| Assets (INR Cr) | 2818 -1.6% | 2864 0.6% | 2847 13.3% | 2513 8.8% | 2309 2.5% | 2253 22.7% | 1836 -3.4% | 1899 23.9% | 1533 13.2% | 1354 6.3% | 1274 3.6% | 1229 -0.9% | 1241 101.2% | 617 43.0% | 431 -26.8% | 589 - |
| Net Worth (INR Cr) | 2255 20.3% | 1875 7.3% | 1748 -4.9% | 1838 -6.5% | 1965 1.7% | 1933 7.3% | 1801 8.0% | 1668 12.0% | 1490 13.0% | 1319 7.4% | 1228 6.3% | 1154 0.0% | 1143 242.0% | 334 18.0% | 283 24.5% | 345 2338.6% |
| Employee Cost (INR Cr) | 533 26.3% | 422 14.8% | 368 4.8% | 351 -13.6% | 407 0.3% | 405 4.9% | 387 10.4% | 350 15.0% | 304 9.6% | 278 15.5% | 241 -8.3% | 262 1.3% | 259 31.4% | 197 57.3% | 125 -2.4% | 128 - |
| Interest Cost (INR Cr) | 62 | 68 | 41 | 28 | 28 | 15 | 7 | 6 | 5 | 7 | 9 | 8 | 35 | 23 | 17 | 54 |
| Cash & Bank Balance (INR Cr) | 449 | 141 | 75 | 37 | 69 | 5 | 43 | 236 | 319 | 307 | 220 | 228 | 462 | 15 | 26 | 26 |
| Total Debt (INR Cr) | 525 | 955 | 1069 | 642 | 310 | 286 | 0 | 199 | 14 | 11 | 20 | 42 | 60 | 247 | 148 | 304 |
Key Financial Ratios
Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 5.4% | 2.5% | - | - | 1.7% | 3.8% | 4.2% | 5.8% | 5.7% | 4.2% | 3.7% | 0.7% | 26.5% | 3.7% | 5.8% | - |
| Profit As % Of Assets | 13.8% | 4.7% | - | - | 2.2% | 6.4% | 8.0% | 9.5% | 11.7% | 7.5% | 6.1% | 1.2% | 66.5% | 9.5% | 14.0% | - |
| Profit As % Of Networth | 17.2% | 7.1% | - | - | 2.6% | 7.4% | 8.2% | 10.8% | 12.0% | 7.7% | 6.3% | 1.3% | 72.1% | 17.5% | 21.3% | - |
| Interest Cost to EBITDA % | 6.9% | 32.4% | 81.3% | 2453.9% | 12.6% | 5.6% | 2.5% | 2.1% | 1.9% | 4.4% | 9.5% | 15.2% | 28.9% | 16.0% | 318.7% | - |
| Debt to Equity Ratio | 0.23 | 0.51 | 0.61 | 0.35 | 0.16 | 0.15 | 0.00 | 0.12 | 0.01 | 0.01 | 0.02 | 0.04 | 0.05 | 0.74 | 0.52 | 0.88 |
| RONW | 18.8% | 1.8% | - | - | 4.2% | 7.7% | 8.5% | 11.4% | 12.8% | 8.0% | 6.5% | 1.3% | 5.6% | 19.0% | 23.7% | - |
| ROCE | 23.5% | 4.7% | -3.3% | -5.2% | 4.8% | 10.1% | 11.1% | 14.1% | 17.6% | 10.1% | 5.8% | 2.3% | 9.2% | 20.1% | 14.6% | 0.0% |