Force Motors (BOM:500033) Gross Margin %: 31.17% (As of Mar. 2026) — 18% Above Median


BOM:500033 Force Motors Ltd BOM:500033
66 GF Score
Price ₹18,795.95
GF Value ₹10,838.90
Valuation Significantly Overvalued
! 1 Warning Sign
View Full Analysis

What is Force Motors Gross Margin %?

Force Motors BOM:500033 -2.92% 66 Gross Margin % is 31.17% as of Mar. 2026, which is 18% above its 10-year median of 26.45. GuruFocus rates BOM:500033 with a GF Score™ of 66/100 and a GF Value™ of ₹10,838.90 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,310 Vehicles & Parts companies, Force Motors ranks better than 74.66% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Force Motors's Gross Profit for the three months ended in Mar. 2026 was ₹7,947 Mil. Force Motors's Revenue for the three months ended in Mar. 2026 was ₹25,498 Mil. Therefore, Force Motors's Gross Margin % for the quarter that ended in Mar. 2026 was 31.17%.


The historical rank and industry rank for Force Motors's Gross Margin % or its related term are showing as below:

BOM:500033' s Gross Margin % Range Over the Past 10 Years
Min: 19.03   Med: 26.45   Max: 30.89
Current: 30.89


During the past 13 years, the highest Gross Margin % of Force Motors was 30.89%. The lowest was 19.03%. And the median was 26.45%.

BOM:500033's Gross Margin % is ranked better than
74.66% of 1310 companies
in the Vehicles & Parts industry
Industry Median: 19.835 vs BOM:500033: 30.89

Force Motors had a gross margin of 31.17% for the quarter that ended in Mar. 2026 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Force Motors was 5.40% per year.


Force Motors  (BOM:500033) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Force Motors had a gross margin of 31.17% for the quarter that ended in Mar. 2026 => Competition eroding margins


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


Force Motors Gross Margin % Related Terms


Force Motors Gross Margin % Historical Data

* Premium members only.

The historical data trend for Force Motors's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Force Motors Gross Margin % Chart

Force Motors Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.03 20.63 25.33 27.77 30.89

Force Motors Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 28.87 28.15 32.38 32.04 31.17

BOM:500033 vs TSLA, GM, F: Gross Margin % Comparison

For the Auto Manufacturers subindustry, Force Motors's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Force Motors Gross Margin % vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Force Motors's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Force Motors's Gross Margin % falls into.


BOM:500033
66GF Score
Force Motors Ltd BOM:500033
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Force Motors Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Force Motors's Gross Margin for the fiscal year that ended in Mar. 2026 is calculated as

Gross Margin % (A: Mar. 2026 )=Gross Profit (A: Mar. 2026 ) / Revenue (A: Mar. 2026 )
=27973.2 / 90570.5
=(Revenue - Cost of Goods Sold) / Revenue
=(90570.5 - 62597.3) / 90570.5
=30.89 %

Force Motors's Gross Margin for the quarter that ended in Mar. 2026 is calculated as


Gross Margin % (Q: Mar. 2026 )=Gross Profit (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=7947.1 / 25498.4
=(Revenue - Cost of Goods Sold) / Revenue
=(25498.4 - 17551.3) / 25498.4
=31.17 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Frequently Asked Questions Learn more about Gross Margin % →
What does a Gross Margin % of 31.17% mean?
Force Motors (BOM:500033) has a Gross Margin % of 31.17% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Force Motors and its competitors. This is 18% above median its historical median of 26.45. Over the past decade, Force Motors' Gross Margin % has ranged from 19.03 to 30.89. According to the industry distribution chart, Force Motors ranks #332 out of 1310 companies in the Vehicles & Parts industry, placing it in the top 25.3%.
Is Force Motors' Gross Margin % too high?
Force Motors' current Gross Margin % of 31.17% is 18% above median its 10-year median of 26.45. Over the past 10 years, this metric has ranged from a low of 19.03 to a high of 30.89. The Vehicles & Parts industry median Gross Margin % is 19.84. Force Motors' value of 31.17% is 57.1% above this industry median. Based on the distribution chart, Force Motors ranks #332 out of 1310 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Force Motors has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Force Motors' Gross Margin % compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Force Motors ranks #332 out of 1310 companies for Gross Margin %. This puts Force Motors in the upper half of its industry. The industry median Gross Margin % is 19.84. Force Motors' value of 31.17% is 57.1% above this benchmark. Historically, Force Motors' own Gross Margin % has ranged from 19.03 to 30.89 over the past decade. While the company's 10-year median is 26.45 vs. the industry median of 19.84, Force Motors has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Vehicles & Parts company?
The median Gross Margin % among Vehicles & Parts companies is 19.84, based on 1,310 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Force Motors's current Gross Margin % of 31.17% is 57.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Force Motors and its competitors. For the Vehicles & Parts industry, the median Gross Margin % is 19.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Force Motors's current Gross Margin % is 31.17%, which is 18% above median its own 10-year median of 26.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Force Motors stock overvalued right now?
Based on GuruFocus' analysis, Force Motors (BOM:500033) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹10,838.90, compared to a current price of ₹18,795.95 — trading 73.4% above its estimated fair value. The current Gross Margin % is 31.17%, which is 18% above median its 10-year median of 26.45 and 57.1% above the Vehicles & Parts industry median of 19.84. Force Motors' overall GF Score™ is 66/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Force Motors (BOM:500033), the current Gross Margin % is 31.17% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Force Motors (BOM:500033) Overvalued in 2026?

Based on GuruFocus' analysis, Force Motors stock appears to be overvalued. The current stock price of ₹18,795.95 is trading 73.4% above its estimated GF Value™ of ₹10,838.90. GuruFocus considers Force Motors to be Significantly Overvalued.

Key valuation signals for BOM:500033:

  • Gross Margin %: 31.17% (18% above median its 10-year median of 26.45)
  • GF Value™: ₹10,838.90 vs. price of ₹18,795.95 (73.4% above fair value)
  • GF Score™: 66/100 with 1 warning sign
  • Industry Position: 57.1% above the Vehicles & Parts median (#332 of 1310)

No single metric tells the full story. See the BOM:500033 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Force Motors Business Description

Other Exchanges FORCEMOT:India
Address Mumbai-Pune Road, Akurdi, Pune, MH, IND, 411 035
Force Motors Ltd is an automobile manufacturing company domiciled in India. The company principally manufactures small commercial vehicles, including cargo transportation; light commercial vehicles, such as buses and vans; multi-utility vehicles; sports utility vehicles; and agricultural tractors. In addition to vehicle manufacturing operations, Force Motors manufactures products related to the automobile industry, such as diesel engines. Production is largely sold domestically, and the company's manufacturing operations are conducted in domestic plants.
66GF Score

Get the complete analysis for BOM:500033

Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹18,795.95
Price
₹10,838.90
GF Value