Hike in GST Cess to Impact Force Motors in 3Q; Revival of Rural Markets Key to FY18 Growth

Equity Analyst, LightStream Research

Chacko Jacob

Equity Analyst

Long-Short Analysis on Japan, Asia and the World

LightStream Research

LightStream conducts quantitatively rigorous and data-driven analysis with a focus on Japan and Asia.

We consistently cover the Tech, Consumer and Industrial sectors, and provide ECM and Events coverage more broadly.

We supplement traditional qualitative insights from company relationships with a robust quantitative foundation that examines as much historical data as is available.
We further refine the accuracy of our insights and calls through the use of alternative data to flesh out current trends, and through a valuation framework that emphasises non-superficial peer group selection and a proper attempt to understand the metrics and changes that have driven security valuations in the past.

Equity Bottom-Up

<h2><strong>Union Budget Boost to Support Sales Volume Growth in FY2019</strong></h2><p>While <a href="https://www.smartkarma.com/entities/7676" target="_blank" data-smartkarma-citation="entities:7676:1">Force Motors Ltd (FML IN)</a> is a small player in the automobile industry in India, it’s vehicles are widely used in towns and villages. Their high seating capacity along with their durability to handle rugged terrain have made them a popular mode of public transportation in these locations. From the hills of North-East India to the plains in the South, Force Motors has become a household name in goods and passenger transportation. </p><p>…</p>

Union Budget Boost to Support Sales Volume Growth in FY2019While Force Motors Ltd (FML IN) is a small player in the automobile industry in India, it’s vehicles are widely used in towns and villages. Their high seating capacity along with their durability to handle rugged terrain have made them a popular mode of public transportation in these locations. From the hills of North-East India to the plains in the South, Force Motors has become a household name in goods and passenger transportation. …

Force Motors Banks On Strong Luxury Car Sales to Grow Topline in FY2019