FORCE MOTORS LTD vs Olectra Greentech Limited
An objective side-by-side of FORCEMOT and OLECTRA, 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 2026-09-23 close
Latest results: FORCEMOT Jun 2026 · OLECTRA Jun 2026
At a glance
- FORCE MOTORS LTD is the larger company by market value, about 2.2 times the size of Olectra Greentech Limited.
- On trailing earnings, FORCE MOTORS LTD trades at the lower P/E (18.3 against 58.3).
- FORCE MOTORS LTD earns the higher return on equity (29.9% against 14.6%).
- Over three years FORCE MOTORS LTD has grown profits faster (221% a year against 39%).
- Over the past year the share prices returned -12.2% (FORCEMOT) and -22.5% (OLECTRA).
| Metric | FORCE MOTORS FORCEMOT |
Olectra Greentech OLECTRA |
|---|---|---|
| Size and price | ||
| Market cap | ₹22,863 Cr | ₹10,473 Cr |
| Share price | ₹17,352 | ₹1,276 |
| Valuation | ||
| P/E | 18.26 | 58.25 |
| P/B | 5.45 | 8.53 |
| EV/EBITDA | 15.46 | 30.95 |
| PEG | 0.08 | 1.49 |
| Dividend yield | 0.2% | 0.0% |
| Profitability | ||
| ROE | 29.9% | 14.6% |
| ROCE | 36.0% | 21.0% |
| Operating margin | 16.1% | 13.8% |
| Sales (TTM) | ₹9,200 Cr | ₹2,541 Cr |
| Net profit (TTM) | ₹1,252 Cr | ₹180 Cr |
| Growth | ||
| Latest quarter sales YoY | +6.2% | +65.7% |
| Latest quarter profit YoY | +22.8% | +2.4% |
| Sales CAGR 3Y | +22.0% | +28.0% |
| Profit CAGR 3Y | +221.0% | +39.0% |
| Sales CAGR 5Y | +35.0% | +52.0% |
| Profit CAGR 5Y | +66.0% | +85.0% |
| Financial strength | ||
| Debt/Equity | 0.00 | 0.31 |
| Interest cover | 340.01 | 4.68 |
| Ownership | ||
| Promoter holding | 61.6% | 50.0% |
| Promoter change (4 qtrs) | +0.00 pp | +0.00 pp |
| Price performance | ||
| Return 1M | -0.96% | -0.57% |
| Return 3M | -2.88% | -13.53% |
| Return 1Y | -12.19% | -22.45% |
| Return YTD | -15.24% | +7.61% |
| Technical condition | ||
| Technical score | 33 | 66 |
| RS rating (1-99) | 39.00 | 47.00 |
| % vs 200-DMA | -10.85% | +6.71% |
| RSI (14) | 46.36 | 58.04 |
| % from 52-week high | -34.10% | -24.73% |
