Force Motors Ltd.
NSE: FORCEMOTForce Motors Ltd.: A 30-second snapshot
Force Motors (FORCEMOT) is an Auto sector manufacturer currently trading at ₹20,877, up 109.62% over 12 months but 21.07% below its 52-week high. PE of 19.88 is the lowest among the 6-stock Auto peer group, while the reported ROE of 33.51% is the highest, yet the company ranks last on quality score (27 vs peer range of 31–60) and 5-year earnings growth stands at -37%.
P/E
19.9
Forward P/E
—
ROE
+33.5%
Debt / Equity
—
Profit Margin
+13.2%
Div. Yield
+0.2%
5Y ROE > 15%
2/5
5Y FCF > 0
3/5
Quality
45/100
News
8 headlines · 0 positive · 0 negative
Force Motors Ltd Sees Sharp Open Interest Surge Amid Market Downturn - Markets Mojo
Markets Mojo
Force Motors Ltd Sees Significant Open Interest Surge Amid Market Downturn - Markets Mojo
Markets Mojo
Force Motors Ltd Sees Sharp Open Interest Surge Amid Market Downturn - Markets Mojo
Markets Mojo
Force Motors Ltd Sees Sharp Open Interest Surge Amid Derivatives Activity - Markets Mojo
Markets Mojo
Force Motors Ltd Sees Sharp Open Interest Surge Signalling Increased Market Activity - Markets Mojo
Markets Mojo
Recent context
- ·Recent news flow (8 articles, all from Markets Mojo) focuses on open interest surges in FORCEMOT derivatives contracts, with no positive or negative sentiment items — the overall news signal is neutral.
- ·Derivatives open interest activity was flagged across multiple dates in late April 2026, coinciding with a period of broader market downturn per the headlines.
- ·No analyst rating data is available for FORCEMOT, leaving no sell-side consensus signal to weigh alongside the mixed fundamental and technical picture.
Strengths
- +PE of 19.88 is the lowest in the Auto peer group (peers range: 21.33–36.94), representing the widest discount to sector on this metric.
- +Reported trailing ROE of 33.51% exceeds all comparable peers with available data: Bajaj Auto (28.05%), M&M (18.75%), Maruti (14.43%).
- +Debt trend is classified as falling, and FCF was positive in 3 of the available persistence years, suggesting improving balance sheet trajectory.
- +Price remains above the 200-DMA (₹19,388 vs current ₹20,877), and RSI at 50.23 is at mid-range, indicating neither extended nor depressed momentum conditions.
Weaknesses
- −5-year earnings growth of -37% signals that profitability declined materially over the medium term despite 8.2% annual revenue growth — a compression of earnings relative to revenue.
- −ROE above 15% was achieved in only 2 of the tracked persistence years, and the consistency score is 59, suggesting the current ROE reading may not represent a durable condition.
- −Quality score of 27 ranks FORCEMOT last (6 of 6) among Auto peers; Eicher (60), Bajaj Auto (55), M&M (52), TMPV (46), and Maruti (31) all rank ahead.
- −Price has pulled back 21.07% from the 52-week high and sits below the 50-DMA (₹21,502), with the nearest resistance levels at ₹21,515 and ₹21,915.
Open questions
- ?Does the 5-year earnings growth of -37% reflect a structural issue in Force Motors business model, or a recoverable cycle in the commercial vehicle and defence segments it serves?
- ?What is driving the gap between the current trailing ROE of 33.51% and the fact that ROE was above 15% in only 2 of the available historical years — and is the current level sustainable?
- ?How should the quality score ranking of 6 of 6 in the Auto peer group be interpreted alongside the lowest PE and highest ROE in the same peer group?
- ?What are the key support levels (₹19,750, ₹19,280, ₹18,155) relative to the current price of ₹20,877 telling us about the range of downside being priced in by the market?
Peer comparison: Auto
Ranks 6 of 6 on quality| Symbol | Name | P/E | ROE | Quality |
|---|---|---|---|---|
| FORCEMOT | Force Motors Ltd.You're viewing | 19.9 | +33.5% | 27 |
| Industry avg | across 5 peers | 29.5 | +20.4% | 49 |
| EICHERMOT | Eicher Motors Ltd. | 36.9 | — | 60 |
| BAJAJ-AUTO | Bajaj Auto Ltd. | 27.6 | +28.1% | 55 |
| M&M | Mahindra & Mahindra Ltd. | 21.3 | +18.8% | 52 |
| TMPV | Tata Motors Passenger Vehicles Ltd. | 32.5 | — | 46 |
| MARUTI | Maruti Suzuki India Ltd. | 28.9 | +14.4% | 31 |
Technical state
Current price
₹20,877.00
SMA 50
₹21,502.36
SMA 200
₹19,387.90
RSI (14)
50.2 (neutral)
From 52w high
-21.1%
1Y return
+109.6%
3M return
+4.0%
50-DMA
Below
200-DMA
Above
Algorithmic support levels
Algorithmic resistance levels
Risk flags
- high5-year earnings growth of -37% despite revenue growth of 8.2% per year, indicating sustained margin erosion or cost pressure over the period.
- mediumROE above 15% in only 2 of available years (roeYearsAbove15=2), and consistency score of 59, suggesting ROE persistence is limited despite the current reported ROE of 33.51%.
- mediumQuality score of 27 ranks FORCEMOT 6th of 6 peers in the Auto sector — last in the peer group. Sector peers BAJAJ-AUTO (55), EICHERMOT (60), M&M (52), TMPV (46), and MARUTI (31) all rank higher.
- mediumPrice is 21.07% below the 52-week high and is currently below the 50-DMA (current: ₹20,877 vs SMA50: ₹21,502), though it remains above the 200-DMA (₹19,388).
- lowAll 8 recent news items are from a single source (Markets Mojo) and are concentrated around open-interest derivatives activity — limiting breadth of qualitative information.
Cross-section contradictions
- Current reported ROE of 33.51% is the highest among available Auto peers, yet the quality score ranks last (6 of 6) in the sector and ROE has been above 15% in only 2 of the persistence years — raising the question of whether current ROE reflects a structural condition or a transient result.
- The stock has gained 109.62% over 12 months — the strongest 1-year return among tracked data — yet trades 21.07% below its 52-week high and is currently below the 50-DMA, with 5-year earnings growth at -37%.
For informational purposes only. Not investment advice. VivaTrades is not a SEBI-registered Investment Adviser or Research Analyst. Market data sourced from public feeds; consult a registered adviser before any investment decision.
Fundamentals & technicals: refreshed 24 Jun 2026 · refreshed daily at 01:00 IST
AI synthesis (narrative, snapshot, strengths/weaknesses, peer ranking): generated 12 May 2026 · rotates through NIFTY 500 every ~5 days