Force Motors Ltd Share Price Target 2024, 2025, 2026 To 2030

Force Motors Q4 2024 Highlights and Market Performance

• Force Motors’ Q4 2024 results show a 34.96% YoY increase in revenue, with a 4.32% YoY decline in profit.
• Quarter-over-quarter (QoQ), revenue grew by 18.89%, while profit increased significantly by 64.24%.
• Selling, general & administrative expenses rose by 23.9% QoQ and 20.33% YoY.
• Operating income increased by 34.81% QoQ but decreased by 20.93% YoY.
• Earnings per share (EPS) for Q4 surged to ₹106.45, a notable 260.33% increase YoY.
• Force Motors delivered impressive returns: 22.36% in the last week, 194.42% in the previous 6 months, and a YTD return of 194.42%.
• Current market capitalization stands at ₹13,004.77 Crores, with a 52-week high/low stock price of ₹10,242.75 and ₹1,290, respectively.

How to Purchase Force Motors Shares in India?

Below are the trading platforms that you can use to purchase Force Motors shares:

➤ Zerodha

➤ Upstox

➤ Groww

➤ AngelOne

➤ ICICIDirect

Force Motors Share Price Target 2024 – 2030

Force Motors Share Price Target 2024

In 2024, Force Motors’ share price is anticipated to show a positive trajectory based on projected targets. The share price targets for the latter half of the year range from a minimum of ₹8,947.10 in May to a maximum of ₹11,814.15 by December. This indicates an upward trend in the expected valuation of Force Motors’ stock over the year.

As of May 8th, 2024, the current share price stands at ₹9,527, positioned below the projected targets for the subsequent months. The company’s market capitalization is ₹12,557 crore, with a stock price-to-earnings (P/E) ratio of 32.4 and a book value of ₹1,712. The stock’s 52-week high/low is ₹10,278 and ₹1,323 respectively, highlighting the significant potential for growth according to the projected share price targets.

Force Motors Share Price Target 2025

Force Motors’ share price targets for 2025 indicate a bullish trend with projected increases throughout the year. The share price is forecasted to reach a minimum of ₹9,269.56 in January and potentially surge to a maximum of ₹14,403.10 by December. This upward trajectory reflects optimistic market sentiment and growth expectations for Force Motors.

Additionally, the company holds a dominant market share of approximately 70% in the LCV (Light Commercial Vehicles) segment, particularly in school buses and ambulances. Force Motors has expanded its product portfolio with new offerings, including the “Urbania” series of vans as an extension to the Traveller range and the introduction of monocoque 33 and 41-seater mono-buses. The recent launch of the “Gurkha” platform demonstrates the company’s commitment to innovation and diversification in its product lineup.

Force Motors Share Price Target 2026

In 2026, Force Motors’ share price is expected to continue its upward trajectory based on projected targets. The share price targets for the year range from a minimum of ₹11,411.69 in January to a maximum of ₹17,731.55 by December. This forecast reflects positive market sentiment and growth prospects for Force Motors.

The company’s revenue is diversified across various segments, with 48% from manufacturing commercial vehicles (CVs), 36% from motor vehicle engines, 7% from parts & accessories, and 3% from manufacturing tractors. Force Motors invests significantly in research and development (R&D), allocating 5%-6% of its revenue annually to expand its product range and enhance technological innovation. This commitment to R&D underscores the company’s focus on continuous improvement and product development.

Force Motors Share Price Target 2027

Force Motors’ share price targets for the 2027 project continued growth and bullish sentiment. The anticipated share price ranges from a minimum of ₹13,912.44 in January to a maximum of ₹21,617.23 by December, showcasing substantial potential for appreciation throughout the year.

The company’s strategic focus includes planned capital expenditures (capex) of ₹1,500-1,700 Crores over the next three fiscal years, to be financed through a combination of debt and internal accruals. This investment aims to support Force Motors’ expansion initiatives and technological advancements, contributing to sustained growth in its market value. The projected share price targets and planned capex underscore Force Motors’ commitment to long-term growth and value creation for its stakeholders.

Force Motors Share Price Target 2028

• January 2028: ₹16,961.21 (Minimum)
• December 2028: ₹26,354.43 (Maximum)

Force Motors Share Price Target 2029

• January 2029: ₹20,678.09 (Minimum)
• December 2029: ₹32,129.74 (Maximum)

Force Motors Share Price Target 2030

• January 2030: ₹25,209.49 (Minimum)
• December 2030: ₹39,170.64 (Maximum)

Financial Condition of Force Motors: Last 5 Years

• Over the past five years, Force Motors has shown varying financial performance but has demonstrated resilience and growth in key metrics.
• Sales experienced a dip in 2021 but rebounded strongly in 2023, reflecting recovery and expansion.
• Expenses have been managed effectively, aligning with revenue growth trends.
• Operating profit saw a decline in 2021 but surged significantly in 2023, driven by improved operational efficiency.
• Other income fluctuated but notably increased in 2023, contributing to overall profitability.
• Profit before tax faced challenges in 2021 and 2022 but showed improvement in 2023.
• Tax rates have fluctuated, impacting net profit figures.
• Despite challenges, Force Motors maintained positive earnings per share (EPS) and continued dividend payouts, demonstrating stability and shareholder commitment.
• Compounded sales growth rates over various periods (10 years, 5 years, 3 years, and trailing twelve months) have shown impressive expansion.
• Similarly, compounded profit growth rates have demonstrated resilience and accelerated growth in recent years.
• The stock price exhibited strong compound annual growth rates (CAGR) across different time frames, indicating investor confidence.
• Return on equity (ROE) has varied but showed improvement in the last year, reflecting enhanced profitability and asset utilization efficiency.

FAQs

What is Force Motors’ current market capitalization?

Force Motors’ current market capitalization is ₹13,004.77 Crores.

What is the current share price of Force Motors?

As of May 8th, 2024, Force Motors’ current share price is ₹9,527.

What is the 2025 share price target for Force Motors?

The 2025 share price target for Force Motors ranges from a minimum of ₹9,269.56 to a maximum of ₹14,403.10.

What is the 2030 share price target for Force Motors?

The 2030 share price target for Force Motors ranges from a minimum of ₹25,209.49 to a maximum of ₹39,170.64.

What is the current price-to-earnings (P/E) ratio of Force Motors?

Force Motors’ stock price-to-earnings (P/E) ratio is 32.4.

What is Force Motors’ dividend payout percentage?

Force Motors’ dividend payout percentage varies, with a recent figure of 10%.

How has Force Motors’ sales growth trended over the past 10 years?

Force Motors’ sales have exhibited a compounded growth rate of 13% over the past 10 years.

What has been the compounded profit growth rate for Force Motors over the past 5 years?

Over the past 5 years, Force Motors’ compounded profit growth rate has been 22%.

What is the return on equity (ROE) for Force Motors in the last year?

Force Motors’ return on equity (ROE) in the last year was 19%.

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Conclusion: Promising Trajectory and Strategic Focus

Force Motors Ltd has demonstrated resilience and growth across various fronts, evolving from its origins as Bajaj Tempo to become a key player in the automotive sector. The company’s diversified product portfolio, spanning commercial vehicles, multi-utility vehicles, and agricultural tractors, coupled with strategic collaborations with global automotive giants, underscores its capability and market reach.

Financially, Force Motors has shown notable improvement with a 22.1% CAGR in profit over the last 5 years, alongside a reduction in debt. The company’s latest Q4 results, despite a decline in profit, exhibit positive revenue growth and promising EPS performance.

However, certain challenges persist. The stock’s high valuation at 5.57 times its book value raises concerns, reflecting potential overvaluation. Additionally, the low return on equity (ROE) of 5.79% over the last 3 years calls for improved asset utilization efficiency.

Looking ahead, Force Motors is expected to deliver a strong performance, with projected share price targets indicating sustained growth over the coming years. The company’s strategic focus on R&D and expansion initiatives, supported by planned capex, reflects a commitment to long-term value creation.

In summary, Force Motors’ trajectory is promising, supported by its product innovation, global partnerships, and improving financials. Addressing challenges related to valuation and ROE will be crucial for unlocking the company’s full potential and delivering sustained value to shareholders.