Force MotorsNSE:FORCEMOT -0.41%76 Operating Margin % is 13.42% as of Mar. 2026, which is 200% above its 10-year median of 4.48. GuruFocus rates NSE:FORCEMOT with a GF Score™ of 76/100 and a GF Value™ of ₹10,783.37 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,325 Vehicles & Parts companies, Force Motors ranks better than 87.17% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. Force Motors's Operating Income for the
three
months ended in Mar. 2026 was ₹3,423 Mil. Force Motors's Revenue for the
three
months ended in Mar. 2026 was ₹25,498 Mil. Therefore, Force Motors's Operating Margin % for the quarter that ended in Mar. 2026 was 13.42%.
The historical rank and industry rank for Force Motors's Operating Margin % or its related term are showing as below:
NSE:FORCEMOT'
s Operating Margin % Range Over the Past 10 Years
Min: -7.06 Med: 4.48 Max: 13.22
Current: 13.22
NSE:FORCEMOT's Operating Margin % is ranked better than 87.17% of 1325
companies
in the Vehicles & Parts industry
Industry Median: 4.86
vs NSE:FORCEMOT: 13.22
Force Motors's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.
Force Motors's Operating Income for the
three
months ended in Mar. 2026 was ₹3,423 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₹11,972 Mil.
Force Motors (NSE:FORCEMOT) Operating Margin % Explanation
Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.
Be Aware
Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).
If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.
For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokias Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).
Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.
Force Motors Operating Margin % Related Terms
Force Motors Operating Margin % Historical Data
* Premium members only.
The historical data trend for Force Motors's Operating 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.
NSE:FORCEMOT vs TSLA, GM, F: Operating Margin % Comparison
For the Auto Manufacturers subindustry, Force Motors's Operating Margin %, along with its competitors' market caps and Operating 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 Operating Margin % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Force Motors's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Force Motors's Operating Margin % falls into.
Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.
Force Motors's Operating Margin % for the fiscal year that ended in Mar. 2026 is calculated as
* 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 (NSE:FORCEMOT) has a Operating Margin % of 13.42% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Force Motors and its competitors. This is 200% above median its historical median of 4.48. According to the industry distribution chart, Force Motors ranks #170 out of 1325 companies in the Vehicles & Parts industry, placing it in the top 12.8%.
Is Force Motors' Operating Margin % too high?
Force Motors' current Operating Margin % of 13.42% is 200% above median its 10-year median of 4.48. The Vehicles & Parts industry median Operating Margin % is 4.86. Force Motors' value of 13.42% is 176.1% above this industry median. Based on the distribution chart, Force Motors ranks #170 out of 1325 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 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Force Motors' Operating Margin % compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Force Motors ranks #170 out of 1325 companies for Operating Margin %. This places Force Motors in the top 13% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 4.86. Force Motors' value of 13.42% is 176.1% above this benchmark. While the company's 10-year median is 4.48 vs. the industry median of 4.86, 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 Operating Margin % for a Vehicles & Parts company?
The median Operating Margin % among Vehicles & Parts companies is 4.86, based on 1,325 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Force Motors's current Operating Margin % of 13.42% is 176.1% 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 Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on Force Motors and its competitors. For the Vehicles & Parts industry, the median Operating Margin % is 4.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Force Motors's current Operating Margin % is 13.42%, which is 200% above median its own 10-year median of 4.48. 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 (NSE:FORCEMOT) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹10,783.37, compared to a current price of ₹17,947.00 — trading 66.4% above its estimated fair value. The current Operating Margin % is 13.42%, which is 200% above median its 10-year median of 4.48 and 176.1% above the Vehicles & Parts industry median of 4.86. Force Motors' overall GF Score™ is 76/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For Force Motors (NSE:FORCEMOT), the current Operating Margin % is 13.42% 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 (NSE:FORCEMOT) Overvalued in 2026?
Based on GuruFocus' analysis, Force Motors stock appears to be overvalued.
The current stock price of ₹17,947.00 is trading 66.4% above its estimated GF Value™ of ₹10,783.37.
GuruFocus considers Force Motors to be Significantly Overvalued.
Key valuation signals for NSE:FORCEMOT:
Operating Margin %: 13.42% (200% above median its 10-year median of 4.48)
GF Value™: ₹10,783.37 vs. price of ₹17,947.00 (66.4% above fair value)
Industry Position: 176.1% above the Vehicles & Parts median (#170 of 1325)
No single metric tells the full story. See the NSE:FORCEMOT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
76GF Score
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