Toh bhaiyo aur behno, Force Motors ka Q4 ka result aa gaya hai aur story thodi mixed hai. Pehli baat toh yeh ki net profit mein 36% ki kami aayi hai, yeh sab pichhle saal ke exceptional gains ke karan hai, jisse ek high base ban gaya tha. Matlab, pichhle saal kuch extra fayda hua tha, is saal woh nahi hai.
Lekin! Yahan tak toh baat theek hai, company ke operations ne toh dil jeet liya hai. Revenue 8.2% badhkar ₹2,550 crore ho gaya, aur toh aur, EBITDA mein 25.8% ka zabardast jump aaya, jo ₹414 crore par pahunch gaya. Iske chakkar mein margins bhi tight ho gaye, 16.25% ho gaye, jo pichhle saal 13.97% the. Yeh sab operating leverage aur cost cutting ka kamaal hai.
Aur haan, shareholders ke liye bhi khushkhabri hai! Company ne ₹50 per share ka final dividend recommend kiya hai FY26 ke liye. Iske alawa, Force Motors ne Veera Tanneries Pvt Ltd ko bhi ₹162 crore mein acquire kar liya hai, ab yeh unki wholly-owned subsidiary ban gayi hai. Yeh acquisition company ke business ko aur expand karega.
Market mein toh aaj kal competition kaafi hai. Jaise Mahindra & Mahindra ka TTM P/E 21.75 ke aas-paas hai aur Tata Motors ka 5.92 (kuch reports mein 57.28 bhi dikha raha hai). Force Motors ka TTM P/E 20.03 ke around hai. Indian auto sector mein toh boom chal hi raha hai, log premium gaadiyan aur electric vehicles ki taraf zyada jaa rahe hain. Force Motors bhi apne niche segments aur premium OEM supply se achhi position mein hai.
Abhi kuch potential risks bhi hain. Yeh ELV rules (end-of-life vehicle) wale naye regulations aa rahe hain, jiske liye company ne provision rakha hai. Iska matlab future mein thode kharche badh sakte hain. Aur SEBI bhi pichhle results ko lekar kuch details maang raha hai, par company ka kehna hai ki isse operations par koi bada impact nahi padega. Waise, stock performance toh zabardast raha hai, pichhle saal 132% se zyada bhaga hai Nifty 500 ke muqable! Analysts bhi positive hain, ek report mein target ₹25,529 dikha raha hai. Bas Veera Tanneries integration aur ELV compliance par nazar rakhni hogi.
