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Force motors is in top gear

Forcemotors

Force motors announced its latest quarterly results and investors immediately on the driving seat. Multi fold rises in profits sky rocketed the shares prices sharply and hit an intraday high of Rs 1585 near to its 52 weeks high of Rs 1740. Net Sales at Rs 1,263.97 crore in September 2022 up 34.8% from Rs. 937.64 crore in September 2021.Quarterly Net Profit at Rs. 19.97 crore in September 2022 up 435.39% from Rs. 3.73 crore in September 2021.EBITDA stands at Rs. 111.20 crore in September 2022 up 88.16% from Rs. 59.10 crore in September 2021.Force Motors EPS has increased to Rs. 15.16 in September 2022 from Rs. 2.83 in September 2021.Company’s annual revenue progress of 63.55% outpaced its 3 year CAGR of -4.07%. Force Motors share has a market capitalization of Rs 2,015.44 Cr. Within Auto sector, it’s market cap rank is 12. Force Motors gave a 3 year return of 50.31% as compared to Nifty Smallcap 100 which gave a return of 69.02%. (as of last trading session)

Key Metrics
PE Ratio EPS – TTM MCap PB Ratio Div Yield Face Value
(x) (₹) (₹ Cr.) (x) (%) (₹)
-24.38 -62.98 2015 1.14 0.65 10

 

Meanwhile Force Motors inaugurated the manufacturing of its next-generation collective mobility platform Urbania, industrializedand developed at an investment of Rs 1,000 crore. The Urbania was revealed for dealers at the Indore plant. This product was primarilyhighlighted at the Auto Expo 2020, but the Covid-19 pandemic deferred the inauguration.Targeting the shared mobility space, the Urbania is a modular monocoque panel van platform which can seat 10+1 persons. Urbania has also been settledand placed for the international markets for exercising in first-rate markets of West Asia, Africa, Asean and South America as a value intentionmerchandise compared to the high quality products from Europe, the Far East and the US.The company’s portfolio encompasses the Traveller variants, bus platforms and tractors. Force Motors is also working on the electrification of these vehicles.

 

How to read income statement’s

A company’s income statement is essentially a summary of all its revenue, expenses, losses, and gains over a specific period. It oftens call as a profit-and-loss (P&L) statement in general words.Income statements are critical for accountants and investors so they can analyze and report on how the company is doing in terms of its incomings and outgoings. They’ll often be included in quarterly reports or annual reports because income statements paint a pretty basic picture of how a company’s business activities are performing during a set period.

Revenue, which is the amount of money  taking in.

Expenses, which includes everything business spends. This also includes cost of goods sold (COGS), which specifically refers to how much it costs to make each part of what business sells.

Gross profit, which is revenue minus your COGS.

Operating profit, which is gross profit after operating expenses.

Net profit, which is bottom line after all expenses are taken out. Net income may be shown on an income statement in 3 different ways. Those include:

Earnings before taxes (EBT), which is company’s income before paid taxes

Earnings before interest and taxes (EBIT), which is company’s income before  paid taxes and interest expense linked to debts like loans

Earnings before interest, taxes, depreciation, and amortization* (EBITDA), which is how much money company’s made before take out taxes, interest, depreciation, and amortization.

Earnings per share (EPS), which is company’s net income divided by the total number of outstanding shares in company.

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