Multibagger Vehicle Manufacturer Bags A Landmark Order of 2,978 Vehicles from Indian Defence Forces

The stock is up by 54 per cent from its 52-week low of Rs 6,128.55 per share and has given multibagger returns of 770 per cent in 3 years.

Force Motors Limited, a leading manufacturer of rugged and reliable vehicles, announces a landmark order of 2,978 vehicles from the Indian Defence Forces. This significant order underscores Force Motors' enduring commitment to supporting India's defence capabilities through its robust range of General Service Vehicles. This association is a matter of pride for the organization, reinforcing the longstanding partnership with the Indian Defence Sector. These vehicles are tailored to meet the diverse operational requirements of both the Indian Arny and the Indian Air Force, showcasing Force Motors' capability to deliver mission-ready vehicles designed to perform in demanding defence environments.   

Force Motors has been catering to the defence sector for many years through its Gurkha LSV (Light Strike Vehicle) a vehicle renowned for its durability, off-road prowess, and adaptability. The Force Gurkha, in particular, has been engineered to excel in the most extreme environments, offering unparalleled performance, superior ground clearance, the highest water wading capacity in its class, and exceptional manoeuvrability. Its robust build, reliable drivetrain, and advanced 4x4 capabilities make it the ideal choice for the armed forces, ensuring mission readiness in diverse terrains ranging from deserts to mountainous regions.  

Force Motors Limited, established in 1958, has evolved into a prominent Indian automobile manufacturer, notably recognized as a leading van maker, offering a diverse product portfolio spanning light commercial vehicles, multi-utility vehicles, and specialized engines. With five manufacturing units across India and a strong R&D center in Pune, the company has forged strategic partnerships with global giants like Mercedes-Benz and BMW, supplying engines for their Indian-made vehicles. Force Motors also caters to both passenger and goods transport with its Traveller and Trax ranges, and has recently introduced the Urbania, a premium modular monocoque passenger van, expanding its footprint into international markets, alongside its rugged off-road capable Gurkha series.

The company has a market cap of over Rs 11,000 crore with a PE of 23x, an ROE of 19 per cent and an ROCE of 24 per cent. The stock is up by 54 per cent from its 52-week low of Rs 6,128.55 per share and has given multibagger returns of 770 per cent in 3 years. Investors should keep an eye on this small-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.