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Commentary (14 May 2024 @ 01:48):

Force Motors Limited, an integrated automobile company, designs, develops, manufactures, and sells a range of automotive components, aggregates, and vehicles in India...

Stats
Today's Volume	9 324.00
Average Volume	96 388.00
Market Cap	118.19B
EPS	INR0 ( 2024-04-25 )
Next earnings date	( INR0 ) 2024-05-27
Last Dividend	INR10.00 ( 2023-09-21 )
Next Dividend	INR0 ( N/A )
P/E	30.47
ATR14	INR9.51 (0.11%)

Volume Correlation

Long: 0.01 (neutral)

Short: 0.08 (neutral)

Signal:(54.614) Neutral

Force Motors Limited Correlation

10 Most Positive Correlations
MAHLOG.NS	0.906
DELPHIFX.NS	0.904
HDFCLIFE.NS	0.902
GOCOLORS.NS	0.893
TEXRAIL.NS	0.891
SARLAPOLY.NS	0.889
DBCORP.NS	0.888
MEDICAMEQ.NS	0.888
SHK.NS	0.886
DIVISLAB.NS	0.885

10 Most Negative Correlations
4THDIM.NS	-0.887
PGHL.NS	-0.885
BLUESTARCO.NS	-0.867
RAJRILTD.NS	-0.862
ISMTLTD.NS	-0.861
CUMMINSIND.NS	-0.86
SIEMENS.NS	-0.836
JINDCOT.NS	-0.828
CERA.NS	-0.82
KPITTECH.NS	-0.819

Did You Know?

Correlation is a statistical measure that describes the relationship between two variables. It ranges from -1 to 1, where -1 indicates a perfect negative correlation (as one variable increases, the other decreases), 1 indicates a perfect positive correlation (as one variable increases, the other increases), and 0 indicates no correlation (there is no relationship between the variables).

Correlation can be used to analyze the relationship between any two variables, not just stocks. It's commonly used in fields such as finance, economics, psychology, and more.

Force Motors Limited Correlation - Currency/Commodity

0.62
( weak )

-0.29
( neutral )

-0.60
( weak negative )

0.49
( neutral )

0.76
( moderate )

Force Motors Limited Financials

Annual	2023
Revenue:	INR69.92B
Gross Profit:	INR11.50B (16.45 %)
EPS:	INR294.54

FY	2023
Revenue:	INR69.92B
Gross Profit:	INR11.50B (16.45 %)
EPS:	INR294.54

FY	2022
Revenue:	INR50.29B
Gross Profit:	INR11.09B (22.05 %)
EPS:	INR101.42

FY	2022
Revenue:	INR32.07B
Gross Profit:	INR5.28B (16.45 %)
EPS:	INR-69.06

Financial Reports:

No articles found.

Force Motors Limited Dividends

(Q3/22)	(Q4/22)	(Q1/23)	(Q2/23)	(Q3/23)	(Q4/23)	(Q1/24)	(Q2/24)	(Q3/24)	(Q4/24)
INR10.00 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)	INR10.00 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)

Force Motors Limited Dividend Information - Dividend Junior

Dividend Sustainability Score: 10.00 - good (100.00%) | Divividend Growth Potential Score: 4.22 - Stable (15.50%)

Very Unsafe

High risk of being cut

Unsafe

Heightened risk of being cut

Borderline

Moderate risk of being cut

Safe

Unlikely to be cut

Very Safe

Very unlikely to be cut

Information

First Dividend	INR10.00	2019-09-12
Last Dividend	INR10.00	2023-09-21
Next Dividend	INR0	N/A
Payout Date	0000-00-00
Next Payout Date	N/A
# dividends	5	--
Total Paid Out	INR45.00	--
Avg. Dividend % Per Year	0.45%	--
Score	2.99	--
Div. Sustainability Score	10.00
Div.Growth Potential Score	4.22
Div. Directional Score	7.54	--

Next Divdend (Est)
(2024-07-01)

INR10.86 Estimate 3.09 %

Dividend Stability

0.25 Very Poor

Dividend Score

2.99

Pay Frequency

Annually

Yearly Payout

Year	Amount	Yield
2019	INR10.00	0.77%
2020	INR10.00	0.92%
2021	INR5.00	0.37%
2022	INR10.00	0.79%
2023	INR10.00	0.68%
2024	INR0	0.00%

Dividend Commentary

The company's strong Dividend Sustainability Score (DSS) indicates its robust capacity to uphold current dividend levels. Unfortunately, its low Dividend Growth Potential Score (DGPS) suggests limited prospects for dividend growth. In summary, the company provides a promising overall dividend outlook, balancing both sustainability and growth potential.

Top 10 dividend Companies for NSE

Symbol	Title	Last dividend	Frequency	Years Dividend	Yearly Dividend
TATAMOTORS.NS	Dividend Junior	2023-07-28	Sporadic	29	0.14%
NLCINDIA.NS	Dividend Knight	2023-09-18	Annually	25	3.45%
INDIANB.NS	Dividend Junior	2023-06-12	Annually	18	1.99%
CIGNITITEC.NS	Dividend Knight	2023-06-09	Annually	4	0.29%
SATIA.NS	Dividend Junior	2023-09-22	Annually	6	0.35%
MAGADSUGAR.NS	Dividend Junior	2023-07-13	Annually	7	1.78%
GLOBAL.NS	Dividend Knight	2023-08-23	Semi-Annually	8	2.63%
ASPINWALL.NS	Dividend Junior	2023-07-20	Annually	7	1.81%
TNPETRO.NS	Dividend Junior	2023-09-18	Sporadic	23	2.02%
PFC.NS	Dividend King	2023-06-16	Quarterly	18	7.12%

Dividend Sustainability Score (DSS)

Ratio	Actual Value	Weight	Normalized Value	Score	Range
netProfitMarginTTM	0.0555	1.500	8.89	10.00	[0 - 0.5]
returnOnAssetsTTM	0.0879	1.200	7.07	8.48	[0 - 0.3]
returnOnEquityTTM	0.190	1.500	9.00	10.00	[0.1 - 1]
payoutRatioTTM	0	-1.000	0	0	[0 - 1]
currentRatioTTM	1.251	0.800	8.75	7.00	[1 - 3]
quickRatioTTM	0.462	0.800	-1.988	-1.590	[0.8 - 2.5]
cashRatioTTM	0.274	1.500	9.59	10.00	[0.2 - 2]
debtRatioTTM	0.119	-1.500	8.02	-10.00	[0 - 0.6]
interestCoverageTTM	10.50	1.000	7.22	7.22	[3 - 30]
operatingCashFlowPerShareTTM	301.61	2.00	10.00	10.00	[0 - 30]
freeCashFlowPerShareTTM	301.61	2.00	10.00	10.00	[0 - 20]
debtEquityRatioTTM	0.233	-1.500	9.07	-10.00	[0 - 2.5]
grossProfitMarginTTM	0.238	1.000	9.37	9.37	[0.2 - 0.8]
operatingProfitMarginTTM	0.0933	1.000	-0.133	-0.133	[0.1 - 0.6]
cashFlowToDebtRatioTTM	0.758	1.000	6.90	6.90	[0.2 - 2]
assetTurnoverTTM	1.584	0.800	2.77	2.22	[0.5 - 2]
Total Score				10.85

Dividend Growth Score (DGS)

Ratio	Actual Value	Weight	Normalized Value	Score	Range
peRatioTTM	29.30	1.000	7.14	0	[1 - 100]
returnOnEquityTTM	0.190	2.50	9.36	10.00	[0.1 - 1.5]
freeCashFlowPerShareTTM	301.61	2.00	10.00	10.00	[0 - 30]
dividendYielPercentageTTM	0.116	1.500	7.10	0	[0 - 0.4]
operatingCashFlowPerShareTTM	301.61	2.00	10.00	10.00	[0 - 30]
payoutRatioTTM	0	1.500	0	0	[0 - 1]
pegRatioTTM	0.119	1.500	-2.54	0	[0.5 - 2]
operatingCashFlowSalesRatioTTM	0.0568	1.000	-1.079	0	[0.1 - 0.5]
Total Score				4.22

Force Motors Limited

Force Motors Limited, an integrated automobile company, designs, develops, manufactures, and sells a range of automotive components, aggregates, and vehicles in India. It provides light commercial vehicles, including passenger carriers, school buses, ambulances, and goods carriers; multi-utility vehicles; small commercial vehicles; special vehicles; and agricultural tractors. The company sells its products under the Traveller Monobus, Traveller, TRAX, Gurkha, Balwan, and Kargo King brands. It also exports its products to various countries in the Middle East, Asia, Latin America, and Africa. The company was incorporated in 1958 and is based in Pune, India. Force Motors Limited is a subsidiary of Jaya Hind Industries Private Limited.