Force Motors Balance Sheet
- Market cap
- ₹22,334 crore
- P/E
- 17.8
- P/B
- 5.32
- ROE
- 33.5%
- Dividend yield
- 0.29%
As of Mar 2022, Force Motors had total assets of ₹13,700 crore and borrowings of ₹1,200 crore, against shareholders' equity of ₹9,000 crore — a debt-to-equity ratio of 0.13. Borrowings rose 25.69% from Mar 2023.
Force Motors balance sheet
As at each financial year end, newest first. H1 = half-year.
| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Equity capital | 500 | 13.18 | 13.18 | 13.18 | 13.18 |
| Reserves | 8,500 | 1,427 | 1,801 | 2,572 | 3,737 |
| Borrowings | 1,200 | 955 | 525 | 17.43 | 0 |
| Other liabilities | 3,500 | 1,182 | 1,633 | 2,081 | 2,000 |
| Total liabilities | 13,700 | 4,013 | 4,415 | 5,134 | 6,538 |
| Fixed assets | 6,500 | 1,699 | 1,636 | 1,674 | 1,823 |
| Capital work in progress | 400 | 100 | 100 | 100 | 100 |
| Investments | 2,500 | 803 | 883 | 1,027 | 1,308 |
| Other assets | 4,300 | 1,204 | 1,324 | 1,540 | 1,961 |
| Total assets | 13,700 | 4,013 | 4,415 | 5,134 | 6,538 |
Balance sheet ratios
- Debt to equity
- 0.13
Source: Company filings (consolidated), in ₹ crore. Data as of 7 October 2026. How this data is compiled.
Force Motors balance sheet — frequently asked questions
What is the total debt of Force Motors?
Force Motors reported borrowings of ₹1,200 crore as of Mar 2022, compared with ₹955 crore as of Mar 2023.
What is Force Motors' debt-to-equity ratio?
Based on the Mar 2022 balance sheet, Force Motors' debt-to-equity ratio is 0.13 — borrowings of ₹1,200 crore against equity capital and reserves of ₹9,000 crore.
What are Force Motors' total assets?
Force Motors' total assets were ₹13,700 crore as of Mar 2022, including fixed assets of ₹6,500 crore and investments of ₹2,500 crore.
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Figures are for information only and are not investment advice or a recommendation to buy, sell or hold any security. Investments in securities are subject to market risks; read all related documents carefully before investing.