Pune-based Force Motors, a key player in India’s commercial vehicle sector, has delivered multibagger returns over the past 16 years. The stock surged from ₹56.65 to ₹7,435, turning a ₹1 lakh investment into ₹1.31 crore.
Force Motors Ltd, a Pune-based automaker specializing in commercial vehicles and transport solutions, has emerged as a major multibagger stock. Over the past 16 years, the company’s share price skyrocketed from ₹56.65 to ₹7,435, delivering a staggering 13,024% return.
A ₹1 lakh investment in Force Motors stock in 2009 would now be worth ₹1.31 crore, making it a wealth-generating asset for long-term investors.
Force Motors Stock Performance
On March 6, 2025, Force Motors’ share price was trading at ₹7,442 per share on the Bombay Stock Exchange (BSE), marking a minor increase of less than 1%. The stock reached an intraday high of ₹7,538.20 during the morning session.
Over the past five years, the stock has surged 641%, reinforcing its status as a long-term wealth creator. While Force Motors has shown volatility in the short term, it gained 12.66% in the past month but dropped 3.78% over six months.
- One-Year Gain: 26.24%
- Year-to-Date (YTD) Gain: 11.84%
Force Motors’ Financial Performance
In Q3 FY24, Force Motors reported a 35% year-on-year (YoY) growth in consolidated net profit, reaching ₹115.3 crore compared to ₹85.4 crore in the same period last year.
- Revenue Growth: 11.7% YoY (₹1,889.5 crore vs ₹1,691.7 crore)
- EBITDA Increase: 3.2% YoY (₹231.7 crore from ₹224.5 crore)
- EBITDA Margin: Declined to 12.3% from 13.3% due to rising input costs
Force Motors continues to expand its product portfolio, catering to both domestic and international markets. With sustained growth and innovation, the company remains a dominant force in India’s commercial vehicle sector.
