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Monday, 4 December 2017

Force Motors trading flattish in response to November volume numbers

Force Motors Limited (FML) registered sales growth of 4% increasing from 1,622 units in November 2016 to 1,687 units in the month of November 2017.
Sales of SCVs and LCVs were 5.5% lower at 812 units in November 2017 vs. 859 units in November 2016. Sales of UVs, SUVs and Tractors at 875 units in November 2017 were 15% higher than the figure of 763 units sold in November 2016.

Exports, which constitute a small percentage (3%) of overall volumes were up 73% at 52 units in November 2017 vs. 30 units in November 2016.


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The stock of FML was flattish (+0.10%) in response to its volume numbers, trading at Rs3,270/share at 10:18am. The stock attracted a total traded quantity of 20,000. The company has seen its consolidated revenues and PAT grow at 15% and 32% CAGR respectively over past three years and is almost debt-free.
FML is engaged in manufacturing light commercial vehicles, utility vehicles and engines. It is an automobile company, with a focus on design, development and manufacture of a range of automotive components, aggregates and vehicles. 

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1 comment:

  1. Nice post .... keep posting such topics, they are very informative. Thank You.
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