FORCE MOTORS LTD has informed the Exchange about Credit Rating
FORCEMOT · price
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Awaiting price reaction for this filing.
CRISIL has reaffirmed Force Motors' long-term rating at AA+/Stable and short-term rating at A1+ on its bank loan facilities of Rs 765 Crore (reduced from Rs 1,378 Crore). The company prepaid most of its long-term debt in FY25 and became completely debt-free in May 2025, with outstanding debt falling from Rs 525 Crore to Rs 17 Crore. The rating reflects healthy FY25 performance — revenue grew 15% YoY to Rs 8,092 Crore, operating margin expanded to 13.8%, and operating profit rose to Rs 1,113 Crore. The company also exited the tractor business in FY24 and is now focusing on its core LCV passenger and automotive components segments, where it holds a 70-75% market share.
Positive for shareholders — the reaffirmation of a strong AA+ rating along with a debt-free balance sheet and robust operating performance signals financial strength and lower risk. The outlook remains stable, and the company is well-positioned to fund its Rs 400-500 Crore annual capex plans entirely through internal accruals.