not sure why the momentum is gone in the stock
Excellent Q2, great december sales…attractive valuations, going to have great q3, yet not getting the momentum
Q3 will be muted quarter for the Company in comparison to previous quarter which is reflecting in the price movement…
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that is already known thing to everyone know, YOY will be extremely strong
Force Motors marks a milestone in healthcare for the state of Tamil Nadu by delivering 75 vehicles
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I have been grappling with a question regarding the auto industry.
The thing i noticed is that most of the auto stocks are/were in upswing and PE is depressed ( eg Maruti, Tata etc) for all currently. Thus, does it point to cyclicality and topping of upcycles or does it mean that there’s ropeway now for investing at better valuation levels ?
Gurkha 4x4 Pre-production model
details:
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FORCE MOTORS showcased E-Traveller Smart Citibus, CNG Traveller and Urbania premium in Bharat Mobility Expo 2024. 
Two new dealerships coming in Sikar and Bhatinda
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Bharat Mobility Show: Force Motors to invest Rs 2000 crore in 2 years to 2025
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January Performance is in line with expectation.
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Q3_FY 2024 RESULT:
Revenue is up unexpectedly, though it is good. Other income and Interest cost still remained almost stagnant, may be due to utilization of cash and borrowings (Q4 will give clear picture).
Joint Venture Force MTU still dragging the PAT.
EBITA Margins UP 13.26%.
Company reported profit in 4th consecutive quarter.
EPS for 9 months stands Rs.188/-.
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force motors in uncharted territory. whats next for this stock …can it cross 10k price .
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Updates on new launches
- Company already supplying few model of CNG to customers. CNG City Bus concept to be launched soon.
2.First Electric Tempo Traveler to be launched in first quarter of FY2025 for First and Last Mile connectivity.
3.Gurkha 4x4 launch is in the last leg of Launch and very soon to be launched.
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Trax is also to be launched in 4x4 for specially catering in the hills areas.
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As on Company has around 200 dealers and within one year company is expecting to increase the network to 1.5 of existing.
It seems Force Motors is expected to launch 4-5 model during CY 2025.
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Another risk to be considered is will they be able to adapt quickly to the EV revolution?
How good is their management. Are they quick on their feet. Have to consider these before I invest. But it is becoming increasingly difficult to do these.
Only time will tell.
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Certainly, it’s difficult to evaluate a company and it’s promoters when much information is not shared with shareholders, and the same is also not available on other platforms. And this is the case with FM. They do not provide detailed strategic/future plans in their annual reports, and investor Concalls are also not conducted. Also, it’s become more difficult when an investor comes to know that:
- Promoters do not care much about keeping retail investors informed.
- The promoters have a vested interest in another automobile company (Jaya Hind Private Limited), and some of the investment (JV) formed by JHPL and BMW might have been brought under the umbrella of FM, which could have given more value to FM. The rationale behind such acts may raise some questions that do not get prompt replies from the management.
(https://www.autotrack.ind.in/post/significant-collaborative-venture-between-bmw-jaya-hind-industries-private-limited) - The promoters are also directors of EKA Mobility (Pinnacle Mobility Solutions Private Limited), which is a related party (sudhir mehta is the son-in-law of Abhay Firodiya), and their business operations seem to be in the same segment (EV).
(EKA 9 bus - EKA Mobility)
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