Force Motors Limited (BOM: 500033)

Force Motors Balance Sheet

Financials in millions INR. Fiscal year is April - March.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Cash & Equivalents	2,745	4,482	1,404	726	347.2	664
Cash & Short-Term Investments	2,745	4,482	1,404	726	347.2	664
Cash Growth	-40.68%	219.27%	93.35%	109.10%	-47.71%	1451.40%
Accounts Receivable	1,217	1,041	1,968	1,894	1,260	1,687
Other Receivables	-	2,021	2,527	38.3	629.8	73.6
Receivables	1,223	3,062	4,499	1,933	1,896	1,774
Inventory	11,608	11,632	8,266	6,371	5,578	5,515
Other Current Assets	2,620	1,285	1,484	1,239	996.6	2,317
Total Current Assets	18,197	20,460	15,652	10,269	8,818	10,271
Property, Plant & Equipment	15,882	15,969	16,429	17,245	13,815	13,356
Long-Term Investments	1,753	910.3	973.4	1,108	999	778.8
Goodwill	-	0.1	0.1	0.1	0.1	0.1
Other Intangible Assets	6,098	5,985	5,981	6,056	5,616	5,041
Long-Term Deferred Tax Assets	-	-	58.5	940.8	576	70.7
Other Long-Term Assets	1,074	822.8	1,041	990.7	2,551	1,463
Total Assets	43,003	44,147	40,134	36,610	32,375	30,980
Accounts Payable	5,646	8,543	7,450	5,169	4,401	5,803
Accrued Expenses	-	2,678	1,763	1,500	1,768	270.2
Short-Term Debt	-	-	950	2,100	300	472.2
Current Portion of Long-Term Debt	655.1	1,427	2,648	2,583	1,186	750.3
Current Income Taxes Payable	10	-	382.7	-	-	-
Current Unearned Revenue	-	3,298	1,520	838.1	613.3	1,522
Other Current Liabilities	7,258	413	380.2	636.1	467.3	293.9
Total Current Liabilities	13,570	16,360	15,094	12,826	8,736	9,111
Long-Term Debt	1,637	3,818	5,950	6,006	4,938	1,875
Long-Term Deferred Tax Liabilities	1,763	1,032	-	-	-	-
Other Long-Term Liabilities	412.5	48	38.8	14	11.6	22.4
Total Liabilities	17,382	21,573	21,363	19,111	13,978	11,308
Common Stock	131.8	131.8	131.8	131.8	131.8	131.8
Additional Paid-In Capital	-	592	592	592	592	592
Retained Earnings	-	21,481	17,746	16,520	17,465	18,820
Comprehensive Income & Other	25,490	346.8	280.5	235.4	189.9	109.5
Total Common Equity	25,622	22,551	18,750	17,479	18,378	19,653
Minority Interest	-	22.1	20.9	19.9	19	18.1
Shareholders' Equity	25,622	22,574	18,771	17,499	18,397	19,672
Total Liabilities & Equity	43,003	44,147	40,134	36,610	32,375	30,980
Total Debt	2,292	5,245	9,548	10,688	6,424	3,098
Net Cash (Debt)	453.1	-763.4	-8,144	-9,962	-6,077	-2,434
Net Cash Per Share	34.39	-57.94	-618.07	-756.07	-461.21	-184.69
Filing Date Shares Outstanding	13.18	13.18	13.18	13.18	13.18	13.18
Total Common Shares Outstanding	13.18	13.18	13.18	13.18	13.18	13.18
Working Capital	4,627	4,100	557.7	-2,557	81.9	1,160
Book Value Per Share	1944.30	1711.52	1423.04	1326.53	1394.80	1491.58
Tangible Book Value	19,524	16,566	12,770	11,422	12,762	14,612
Tangible Book Value Per Share	1481.54	1257.28	969.13	866.89	968.57	1108.97
Land	-	342.1	342.1	342.1	342.1	342.1
Buildings	-	3,485	3,444	3,345	3,191	3,173
Machinery	-	31,873	30,364	28,445	21,652	22,531
Construction In Progress	-	257.9	386.6	1,557	3,687	1,748

Source: S&P Capital IQ. Standard template. Financial Sources.