Force Motors (BOM:500033) Interest Coverage: 124.93 (As of Mar. 2026) — 575% Above Median


BOM:500033 Force Motors Ltd BOM:500033
66 GF Score
Price ₹19,361.25
GF Value ₹10,827.61
Valuation Significantly Overvalued
! 1 Warning Sign
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What is Force Motors Interest Coverage?

Force Motors BOM:500033 -1.33% 66 Interest Coverage is 124.93 as of Mar. 2026, which is 575% above its 10-year median of 18.52. GuruFocus rates BOM:500033 with a GF Score™ of 66/100 and a GF Value™ of ₹10,827.61 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,067 Vehicles & Parts companies, Force Motors ranks better than 94.75% on this metric.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. Force Motors's Operating Income for the three months ended in Mar. 2026 was ₹3,423 Mil. Force Motors's Interest Expense for the three months ended in Mar. 2026 was ₹-27 Mil. Force Motors's interest coverage for the quarter that ended in Mar. 2026 was 124.93. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Force Motors Ltd has no debt.

The historical rank and industry rank for Force Motors's Interest Coverage or its related term are showing as below:

BOM:500033' s Interest Coverage Range Over the Past 10 Years
Min: 2.14   Med: 18.52   Max: 367.23
Current: 367.23


BOM:500033's Interest Coverage is ranked better than
94.75% of 1067 companies
in the Vehicles & Parts industry
Industry Median: 8.31 vs BOM:500033: 367.23

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


Force Motors  (BOM:500033) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .


Force Motors Interest Coverage Related Terms


Force Motors Interest Coverage Historical Data

* Premium members only.

The historical data trend for Force Motors's Interest Coverage 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.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Force Motors Interest Coverage Chart

Force Motors Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 2.14 10.52 31.41 367.23

Force Motors Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Interest Coverage 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 35.45 2,013.38 1,268.78 1,883.06 124.93

BOM:500033 vs TSLA, GM, F: Interest Coverage Comparison

For the Auto Manufacturers subindustry, Force Motors's Interest Coverage, along with its competitors' market caps and Interest Coverage 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 Interest Coverage vs Vehicles & Parts Industry

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

* The bar in red indicates where Force Motors's Interest Coverage falls into.


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

Force Motors Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt (1).


Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

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

Here, for the fiscal year that ended in Mar. 2026, Force Motors's Interest Expense was ₹-33 Mil. Its Operating Income was ₹11,972 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2026 )/Interest Expense (A: Mar. 2026 )
=-1*11971.6/-32.6
=367.23

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

Here, for the three months ended in Mar. 2026, Force Motors's Interest Expense was ₹-27 Mil. Its Operating Income was ₹3,423 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*3423.1/-27.4
=124.93

* 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.

The higher the ratio, the stronger the company's Financial Strength is.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of 124.93 mean?
Force Motors (BOM:500033) has a Interest Coverage of 124.93 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Force Motors and its competitors. This is 575% above median its historical median of 18.52. Over the past decade, Force Motors' Interest Coverage has ranged from 2.14 to 367.23. According to the industry distribution chart, Force Motors ranks #56 out of 1067 companies in the Vehicles & Parts industry, placing it in the top 5.2%.
Is Force Motors' Interest Coverage too high?
Force Motors' current Interest Coverage of 124.93 is 575% above median its 10-year median of 18.52. Over the past 10 years, this metric has ranged from a low of 2.14 to a high of 367.23. The Vehicles & Parts industry median Interest Coverage is 8.31. Force Motors' value of 124.93 is 1403.4% above this industry median. Based on the distribution chart, Force Motors ranks #56 out of 1067 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. 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' Interest Coverage compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Force Motors ranks #56 out of 1067 companies for Interest Coverage. This places Force Motors in the top 5% of its industry — outperforming the majority of peers. The industry median Interest Coverage is 8.31. Force Motors' value of 124.93 is 1403.4% above this benchmark. Historically, Force Motors' own Interest Coverage has ranged from 2.14 to 367.23 over the past decade. While the company's 10-year median is 18.52 vs. the industry median of 8.31, 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 Interest Coverage for a Vehicles & Parts company?
The median Interest Coverage among Vehicles & Parts companies is 8.31, based on 1,067 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Force Motors's current Interest Coverage of 124.93 is 1403.4% 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 Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Force Motors and its competitors. For the Vehicles & Parts industry, the median Interest Coverage is 8.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Force Motors's current Interest Coverage is 124.93, which is 575% above median its own 10-year median of 18.52. 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 ₹10,827.61, compared to a current price of ₹19,361.25 — trading 78.8% above its estimated fair value. The current Interest Coverage is 124.93, which is 575% above median its 10-year median of 18.52 and 1403.4% above the Vehicles & Parts industry median of 8.31. 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 Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Force Motors (BOM:500033), the current Interest Coverage is 124.93 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 ₹19,361.25 is trading 78.8% above its estimated GF Value™ of ₹10,827.61. GuruFocus considers Force Motors to be Significantly Overvalued.

Key valuation signals for BOM:500033:

  • Interest Coverage: 124.93 (575% above median its 10-year median of 18.52)
  • GF Value™: ₹10,827.61 vs. price of ₹19,361.25 (78.8% above fair value)
  • GF Score™: 66/100 with 1 warning sign
  • Industry Position: 1403.4% above the Vehicles & Parts median (#56 of 1067)

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

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

₹19,361.25
Price
₹10,827.61
GF Value