Ashok Leyland Limited vs FORCE MOTORS LTD
An objective side-by-side of ASHOKLEY and FORCEMOT, both in Automobiles - LCVs / HCVs: valuation, profitability, growth, balance sheet, ownership and share-price performance. Where one number is clearly better on its own terms (lower P/E, higher ROE), it is shaded. That is a description, not a recommendation.
Prices as of 2026-11-05 close
Latest results: ASHOKLEY Jun 2026 · FORCEMOT Sep 2026
At a glance
- Ashok Leyland Limited is the larger company by market value, about 4.1 times the size of FORCE MOTORS LTD.
- On trailing earnings, FORCE MOTORS LTD trades at the lower P/E (20.3 against 26.8).
- Ashok Leyland Limited earns the higher return on equity (26.2% against 25.8%).
- Over three years FORCE MOTORS LTD has grown profits faster (221% a year against 46%).
- Over the past year the share prices returned +20.9% (ASHOKLEY) and +7.5% (FORCEMOT).
| Metric | Ashok Leyland ASHOKLEY |
FORCE MOTORS FORCEMOT |
|---|---|---|
| Size and price | ||
| Market cap | ₹99,979 Cr | ₹24,221 Cr |
| Share price | ₹170.21 | ₹18,382.00 |
| Valuation | ||
| P/E | 26.80 | 20.26 |
| P/B | 7.02 | 5.22 |
| EV/EBITDA | 14.93 | — |
| PEG | 0.58 | 0.09 |
| Dividend yield | 2.0% | 0.2% |
| Profitability | ||
| ROE | 26.2% | 25.8% |
| ROCE | 14.0% | 36.0% |
| Operating margin | 19.0% | 15.4% |
| Sales (TTM) | ₹57,723 Cr | ₹10,043 Cr |
| Net profit (TTM) | ₹3,731 Cr | ₹1,196 Cr |
| Growth | ||
| Latest quarter sales YoY | +11.6% | +40.5% |
| Latest quarter profit YoY | +1.5% | -16.2% |
| Sales CAGR 3Y | +11.0% | +22.0% |
| Profit CAGR 3Y | +46.0% | +221.0% |
| Sales CAGR 5Y | +24.0% | +35.0% |
| Profit CAGR 5Y | +85.0% | +66.0% |
| Financial strength | ||
| Debt/Equity | 4.49 | — |
| Interest cover | 2.04 | 340.01 |
| Ownership | ||
| Promoter holding | 51.5% | 61.6% |
| Promoter change (4 qtrs) | +0.00 pp | +0.00 pp |
| Price performance | ||
| Return 1M | +10.74% | +7.43% |
| Return 3M | -3.84% | -0.84% |
| Return 1Y | +20.91% | +7.51% |
| Return YTD | -5.01% | -10.62% |
| Technical condition | ||
| Technical score | 67 | 64 |
| RS rating (1-99) | 64.00 | 62.00 |
| % vs 200-DMA | +1.19% | -5.01% |
| RSI (14) | 74.01 | 63.83 |
| % from 52-week high | -20.99% | -30.50% |
