F-14/15, Orbit Mall, Civil Lines, Jaipur-302006
support@thetaxheaven.com
F-14/15, Orbit Mall, Civil Lines, Jaipur-302006 support@thetaxheaven.comForce Motors Ltd, a well-known name in the Indian automobile manufacturing sector, is widely recognized for its commercial vehicles, utility vehicles, and agricultural machinery. With strong fundamentals, expanding operations, and increased focus on innovation, Force Motors has delivered impressive returns over the past few years. In this article, we’ll examine Force Motors Ltd’s share price target from 2025 to 2030 along with insights into its business outlook and investment advice.
Let’s explore the company's performance and future share price projections.
| Detail | Value |
|---|---|
| Current Price | ₹16,617.00 |
| Previous Close | ₹16,617.00 |
| Day's High | ₹17,075.00 |
| Day's Low | ₹16,289.00 |
| 52-Week High | ₹17,625.00 |
| 52-Week Low | ₹6,125.00 |
| Market Capitalization | ₹22,422 Cr |
| Beta (Volatility) | 1.35 |
| Book Value per Share | ₹1,883.41 |
| Face Value | ₹10 |
| Dividend Yield | 0.24% |
Established in 1958, Force Motors Ltd is a leading Indian automotive manufacturer known for its production of multi-utility and commercial vehicles. The company produces a wide range of vehicles including vans, minibuses, ambulances, and agricultural tractors. It also has partnerships with global automotive brands for engine manufacturing, including Mercedes-Benz and BMW in India.
Strong foothold in the commercial and rural mobility segments
OEM engine supplier for luxury brands like BMW and Mercedes-Benz
Consistent investments in R&D for electric and hybrid vehicle technologies
Low public float, with promoters holding over 61%
Strong book value and low debt
| Investor Type | Holding (%) |
|---|---|
| Promoters | 61.63% |
| Retail and Others | 26.95% |
| Foreign Institutions | 9.77% |
| Other Domestic Institutions | 1.01% |
| Mutual Funds | 0.65% |
This shareholding pattern shows significant promoter confidence and limited institutional holding, suggesting further potential for institutional interest and capital inflow.
| Year | Minimum Target (₹) | Maximum Target (₹) |
|---|---|---|
| 2025 | 17,000 | 18,500 |
| 2026 | 18,700 | 20,500 |
| 2027 | 20,800 | 23,000 |
| 2028 | 22,500 | 25,500 |
| 2029 | 25,000 | 28,000 |
| 2030 | 28,500 | 32,000 |
These targets are based on Force Motors’ historical performance, current financial health, sectoral growth, and potential strategic moves in electric mobility and export markets.
Force Motors is expected to maintain momentum due to rising demand for its commercial and utility vehicles. The company's diversification into luxury engine assembly provides additional revenue stability.
Why?
Strong rural and government demand for ambulances and minibuses
Revival in CV segment post-pandemic recovery
Increasing diesel engine exports
Investment Advice: Ideal year to accumulate on dips for long-term investors.
2026 could bring healthy growth driven by volume expansion and margin improvement, especially with demand from state transport and agriculture sectors.
Why?
Efficient cost control and supply chain improvements
Higher production capacity utilization
Stable margins despite market volatility
Investment Advice: Hold for further appreciation, especially if you entered around ₹17,000.
The share price may rise significantly with Force Motors entering the electric mobility space more aggressively.
Why?
Expected launch of electric CVs
Expansion of engine exports to Europe
Strong market sentiment and low free float
Investment Advice: Consider partial profit-booking; reinvest on correction.
Force Motors may benefit from increased global partnerships and a broader domestic network.
Why?
New product lines including EVs and hybrids
Technology upgrades and automation adoption
Likely P/E expansion as earnings rise
Investment Advice: Continue to hold; excellent candidate for long-term SIPs.
Analysts anticipate Force Motors becoming a significant player in inter-city logistics and electric public transport by this time.
Why?
High-value contracts for fleet sales
Expansion into electric vans and buses
Strong financials with rising EPS
Investment Advice: Consider it for core portfolio holding with low churn.
Force Motors might become one of the top commercial vehicle exporters from India.
Why?
Global expansion and contract manufacturing
Strong balance sheet and minimal debt
Continued investor interest and improving ROCE
Investment Advice: Ideal for wealth creation and long-term compounding.
Yes. Force Motors is an underdog in the Indian auto sector with strong fundamentals, high promoter confidence, and a potential EV play. With a growing market, strategic partnerships, and a solid book value, the company holds strong promise for long-term investors.
Strong promoter holding (over 60%)
Diversification into high-margin engine assembly
Entry into electric commercial vehicles
High book value per share (₹1,883.41)
Undervalued on several valuation metrics
Low average delivery percentage (~22%) may affect short-term liquidity
High beta (1.35) suggests volatility
EV adoption pace may impact traditional diesel vehicle sales
Heavy competition from Tata Motors, Ashok Leyland, and new EV entrants
Always consult a certified financial planner before making large investments in individual stocks.
Force Motors Ltd has evolved from a traditional vehicle maker to a tech-savvy, export-oriented auto manufacturer. With strong fundamentals, diversified revenue streams, and emerging electric vehicle projects, Force Motors is poised for long-term growth. From its current level of ₹16,617, the share has potential to grow significantly, with a target of ₹32,000 by 2030 if it maintains momentum.
Long-term investors can consider Force Motors for portfolio diversification, value investing, and participation in India’s commercial mobility growth story.
1. What is the share price target of Force Motors for 2025?
Between ₹17,000 and ₹18,500 based on current fundamentals.
2. Is Force Motors a good stock for long-term investment?
Yes, especially due to its expansion plans and strong promoter holding.
3. What is Force Motors’ all-time high?
₹17,625.00
4. What is Force Motors’ dividend yield?
Approximately 0.24% as of July 2025.
5. Is Force Motors entering the EV space?
Yes, the company is expected to launch electric commercial vehicles in the coming years.
6. What is Force Motors’ shareholding pattern?
Promoters hold 61.63%, while retail investors own about 27%.
7. What is the risk in Force Motors stock?
High volatility and lower delivery volume can affect short-term price stability.
8. Should I buy Force Motors now or wait?
Long-term investors can consider phased entry based on technical levels and broader market sentiment.
Disclaimer: This article is for educational and informational purposes only. Investors should do their own research or consult a qualified advisor before making any investment decisions.
Register & Login