Force Motors Share Price

Overview
Recos
News
Analysis
Financials
Forecast
Technicals
Peers
Shareholdings
MF
F&O
Corp Actions
About

Force Motors Share Price

17,094.00-269.00 (-1.55%)

Closed
As On: 11 Jun, 2026, 03:54 PM IST
As On: 11 Jun, 2026, 03:58 PM IST

Sector: Auto
Industry: Auto - Cars/UV/CV

1D
1W
1M
3M
6M
1Y
5Y

Loading...

Try ETMarkets GPTNEW

Open	17,196.00
High	17,248.00
Low	16,900.00
Prev Close	17,363.00
Volume	1,10,011
VWAP(₹)	17,051.10

Key Metrics

PE Ratio(x)	18.59
EPS - TTM(₹)	919.56
MCap(₹ Cr.)	22,544.58
MCap Rank	14
PB Ratio(x)	5.45
Div Yield(%)	0.23
Face Value(₹)	10.00
52W High(₹)	26,450.00
52W Low(₹)	12,035.00
MCap/Sales	2.82
Beta(1 Month)	-
BV/Share(₹)	3,185.13

Force Motors share price insights

Rank 277 - ET 5002025 ranking

Intraday fact check
In the last 6 years, only 4.47 % trading sessions saw intraday gains higher than 5 % .
All Debts Paid-off
Company has become debt free for the first time since last 5 years. (Source: Consolidated Financials)
Employee & Interest Expense
Company has spent less than 1% of its operating revenues towards interest expenses and 7.58% towards employee cost in the year ending Mar 31, 2026. (Source: Consolidated Financials)
Force Motors Share Price Update
Force Motors Ltd. share price moved down by -1.55% from its previous close of Rs 17,363.00. Force Motors Ltd. stock last traded price is 17,094.00
Share Price Value
Today/Current/Last 17,094.0017,092.90
Previous Day 17,363.0017,362.15

Found Insights useful?

Force Motors Share Price Returns

1 Day	-1.55%
1 Month	-17.12%
3 Months	-21.1%
1 Year	41.2%
3 Years	686.93%
5 Years	1285.87%

Force Motors Share Recommendations

Recent Recos

Target₹1485
OrganizationAxis Securities
BUY

Target₹1300
OrganizationIndependent Analyst
BUY

Target₹4952
OrganizationKotak Securities Limited
BUY

View all Stock Recommendations

News & Analysis

View all Force Motors Share News & Announcements

Financials

	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025
Total Income	2,583.69	2,155.62	2,105.89	2,322.31	2,374.14
Total Income Growth (%)	19.86	2.36	-9.32	-2.18	24.67
Total Expenses	2,207.53	1,616.03	1,789.58	2,035.51	1,704.08
Total Expenses Growth (%)	36.60	-9.70	-12.08	19.45	-1.40
EBIT	376.16	539.59	316.31	286.80	670.06
EBIT Growth (%)	-30.29	70.59	10.29	-57.20	280.54
Profit after Tax (PAT)	278.52	406.11	350.67	176.33	434.71
PAT Growth (%)	-31.42	15.81	98.87	-59.44	276.99
EBIT Margin (%)	14.56	25.03	15.02	12.35	28.22
Net Profit Margin (%)	10.78	18.84	16.65	7.59	18.31
Basic EPS (₹)	211.37	308.22	266.14	133.82	329.92

	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025
Total Income	2,583.57	2,155.49	2,105.76	2,322.18	2,374.02
Total Income Growth (%)	19.86	2.36	-9.32	-2.18	24.67
Total Expenses	2,207.53	1,616.03	1,789.58	2,035.51	1,704.08
Total Expenses Growth (%)	36.60	-9.70	-12.08	19.45	-1.40
EBIT	376.04	539.46	316.18	286.67	669.94
EBIT Growth (%)	-30.29	70.62	10.29	-57.21	280.76
Profit after Tax (PAT)	273.67	402.86	349.51	185.22	429.64
PAT Growth (%)	-32.07	15.26	88.70	-56.89	290.37
EBIT Margin (%)	14.56	25.03	15.02	12.34	28.22
Net Profit Margin (%)	10.59	18.69	16.60	7.98	18.10
Basic EPS (₹)	207.70	305.75	265.26	140.57	326.07

	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Total Revenue	9,167.51	8,128.29	7,031.23	5,091.01	3,292.30
Total Revenue Growth (%)	12.79	15.60	38.11	54.63	63.55
Total Expenses	7,863.15	7,285.12	6,412.33	5,008.31	3,405.27
Total Expenses Growth (%)	7.93	13.61	28.03	47.08	56.42
Profit after Tax (PAT)	1,211.63	800.74	388.09	133.64	-91.08
PAT Growth (%)	51.31	106.33	190.40	-	-
Operating Profit Margin (%)	14.43	10.76	9.74	3.00	-2.21
Net Profit Margin (%)	13.37	9.92	5.55	2.65	-2.81
Basic EPS (₹)	919.56	607.71	294.54	101.43	-69.13

	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Total Revenue	9,167.00	8,127.79	7,030.75	5,090.62	3,291.92
Total Revenue Growth (%)	12.79	15.60	38.11	54.64	63.56
Total Expenses	7,863.15	7,285.12	6,412.32	5,008.31	3,405.27
Total Expenses Growth (%)	7.93	13.61	28.03	47.08	56.42
Profit after Tax (PAT)	1,211.26	799.97	401.69	152.05	-74.60
PAT Growth (%)	51.41	99.15	164.18	-	-
Operating Profit Margin (%)	14.43	10.76	9.73	2.99	-2.23
Net Profit Margin (%)	13.37	9.91	5.74	3.02	-2.30
Basic EPS (₹)	919.28	607.13	304.86	115.40	-56.62

All figures in Rs Cr, unless mentioned otherwise

Insights

Employee & Interest Expense
Company has spent less than 1% of its operating revenues towards interest expenses and 7.58% towards employee cost in the year ending Mar 31, 2026. (Source: Consolidated Financials)

Annual	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Total Assets	6,537.55	5,133.98	4,414.69	4,013.40	3,660.95
Total Assets Growth (%)	27.34	16.29	10.00	9.63	13.08
Total Liabilities	2,340.74	2,098.22	2,157.34	2,136.28	1,911.09
Total Liabilities Growth (%)	11.56	-2.74	0.99	11.78	36.72
Total Equity	4,196.81	3,035.76	2,257.35	1,877.12	1,749.86
Total Equity Growth (%)	38.25	34.48	20.26	7.27	-4.88
Current Ratio (x)	1.87	1.50	1.25	1.04	0.80
Total Debt to Equity (x)	0.00	0.01	0.23	0.51	0.61
Contingent Liabilities	0.00	290.28	211.85	205.12	245.33

Annual	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Total Assets	6,604.87	5,201.84	4,483.46	4,068.72	3,698.01
Total Assets Growth (%)	26.97	16.02	10.19	10.02	13.50
Total Liabilities	2,340.74	2,098.22	2,157.33	2,136.27	1,911.07
Total Liabilities Growth (%)	11.56	-2.74	0.99	11.78	36.72
Total Equity	4,264.13	3,103.62	2,326.13	1,932.45	1,786.94
Total Equity Growth (%)	37.39	33.42	20.37	8.14	-3.95
Current Ratio (x)	1.87	1.49	1.25	1.03	0.80
Total Debt to Equity (x)	0.00	0.01	0.23	0.49	0.60
Contingent Liabilities	0.00	290.28	211.85	205.12	245.33

All figures in Rs Cr, unless mentioned otherwise

Insights

All Debts Paid-off
Company has become debt free for the first time since last 5 years. (Source: Consolidated Financials)

Annual	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Net Cash flow from Operating Activities	1,297.09	971.47	1,014.45	531.74	17.92
Net Cash used in Investing Activities	-899.84	-351.23	-197.50	-256.47	-363.56
Net Cash flow from Financing Activities	-73.40	-561.84	-509.19	-206.85	382.59
Net Cash Flow	323.87	58.40	307.76	68.42	36.95
Closing Cash & Cash Equivalent	830.42	506.55	448.15	140.39	71.47
Closing Cash & Cash Equivalent Growth (%)	63.94	13.03	219.22	96.43	107.04
Total Debt/ CFO (x)	0.00	0.02	0.52	1.80	59.64

Annual	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Net Cash flow from Operating Activities	1,296.70	971.12	1,011.19	531.46	18.16
Net Cash used in Investing Activities	-899.84	-351.23	-197.50	-256.47	-363.56
Net Cash flow from Financing Activities	-73.40	-561.84	-509.19	-206.85	382.59
Net Cash Flow	323.48	58.05	304.50	68.14	37.83
Closing Cash & Cash Equivalent	823.28	499.80	441.75	137.25	69.75
Closing Cash & Cash Equivalent Growth (%)	64.72	13.14	221.86	96.77	117.15
Total Debt/ CFO (x)	0.00	0.02	0.52	1.80	58.86

All figures in Rs Cr, unless mentioned otherwise

Insights

Increase in Cash from Investing
Company has used Rs 899.84 cr for investing activities which is an YoY increase of 156.2%. (Source: Consolidated Financials)

Annual	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Return on Equity (%)	28.88	26.39	17.20	7.12	-5.21
Return on Capital Employed (%)	29.10	25.49	24.50	6.03	-3.02
Return on Assets (%)	18.53	15.59	8.79	3.32	-2.48
Interest Coverage Ratio (x)	488.84	44.43	15.25	5.73	2.90
Asset Turnover Ratio (x)	1.55	1.69	1.66	1.30	0.93
Price to Earnings (x)	21.14	14.90	24.63	11.51	-14.84
Price to Book (x)	6.10	3.93	4.23	0.82	0.77
EV/EBITDA (x)	15.53	9.95	10.16	6.00	19.72
EBITDA Margin (%)	17.59	14.23	13.55	7.79	3.67

Annual	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Return on Equity (%)	28.40	25.77	17.26	7.86	-4.17
Return on Capital Employed (%)	28.66	24.98	23.90	5.88	-2.99
Return on Assets (%)	18.33	15.37	8.95	3.73	-2.01
Interest Coverage Ratio (x)	488.68	44.41	15.24	5.72	2.89
Asset Turnover Ratio (x)	1.53	1.67	1.64	1.29	0.93
Price to Earnings (x)	21.14	14.93	23.81	10.12	-18.12
Price to Book (x)	6.00	3.84	4.10	0.80	0.76
EV/EBITDA (x)	15.54	9.96	10.16	6.01	19.78
EBITDA Margin (%)	17.59	14.23	13.54	7.78	3.66

Insights

ROE Outperforming 5 Year Average
Company delivered ROE of 28.88% in year ending Mar 31, 2026 outperforming its 5 year avg. of 18.64%. (Source: Consolidated Financials)

Found Financials useful?

Technicals

Buy/Sell Signals
No Data Available
Price Analysis
41%
Positive Movement
since 1st Jan 2005
on basis
58%
Negative Movement
since 1st Jan 2005
on basis
Exclude
Global Meltdown1st Jan 2008 to 10th Nov 2008
Covid Crisis1st Feb 2020 to 31st Mar 2020
Pivot Levels
R1 17713.33 Pivot
17494.67
S1 17144.33
R2 18063.67 S2 16925.67
R3 18632.67 S3 16356.67
Average True Range
5 Days 14 Days 28 Days
779.82 839.71 919.97

Peer Comparison

Ratio Performance

NAME	P/E (x)	P/B (x)	ROE %	ROCE %	ROA %	Rev CAGR [3Yr]	OPM	NPM	Basic EPS	Current Ratio	Total Debt/ Equity (x)	Total Debt/ CFO (x)
Force Motors	18.59	5.37	28.88	29.10	18.53	21.42	14.43	13.37	919.56	1.87	0.00	0.00
Maruti Suzuki	28.05	3.84	13.69	16.96	9.85	15.99	10.40	7.85	466.90	1.07	0.00	0.00
M&M	21.82	3.41	18.36	16.42	5.38	17.97	16.66	8.38	153.10	1.27	1.39	11.12
Hyundai Motor India Ltd.	29.02	7.88	27.13	32.62	15.78	5.24	10.38	7.67	66.85	1.56	0.05	0.14
Tata Motors PV	1.68	1.16	73.51	2.25	21.57	-0.88	1.46	24.49	-0.61	0.84	0.62	5.36
Add More

Annual Ratios (%)

Choose from Peers

Ashok Leyland

Choose from Stocks

Stock Performance

CHART
TABLE

1D
1W
1M
3M
6M
1Y
5Y

Choose from Peers
Choose from Stocks

Found Peer Comparison useful?

Shareholding Pattern

Total Shareholdings
Category No. of Shares Percentage % Change QoQ
Promoters 81,20,347 61.63 % 0.00
Pledge 0 0.00 % 0.00
FII 14,40,043 10.93 % 0.47
DII 2,30,184 1.74 % -0.05
MF 1,29,498 0.98 % 0.03
Others 33,85,688 25.70 % -0.42
QoQ Change
Category Mar 2026 Dec 2025 Sep 2025 Jun 2025
Promoters 61.63 61.63 61.63 61.63
Pledge 0.00 0.00 0.00 0.00
FII 10.93 10.45 10.27 9.77
DII 1.74 1.79 1.47 1.65
Mutual Funds 0.98 0.95 0.72 0.65
Others 25.70 26.12 26.62 26.94

Mutual Funds Ownership

MF Ownership as on 30 April 2026

Sundaram Flexi Cap Direct-G
Equity: Flexi Cap
3
- 42.79
  Amount Invested (in Cr.)
- 2.135527%
  % of AUM
- 0.00
  % Change (MoM basis)
Sundaram Value Direct-G
Equity: Value Oriented
- 39.28
  Amount Invested (in Cr.)
- 2.968963%
  % of AUM
- 0.00
  % Change (MoM basis)
Sundaram ELSS Tax Saver Direct
Equity: ELSS
3
- 27.87
  Amount Invested (in Cr.)
- 2.149913%
  % of AUM
- 0.00
  % Change (MoM basis)

View all Mutual Fund Schemes

Force Motors Top Searches

Corporate Actions

Recent
Final
500%
Apr 29, 2026
Board Meeting
Audited Results & Dividend
Apr 22, 2026
General Meeting
-
Feb 12, 2026

Announced on	Meeting on
Apr 22, 2026	Apr 29, 2026
Audited Results & Dividend
Jan 29, 2026	Feb 04, 2026
Quarterly Results
Nov 03, 2025	Nov 07, 2025
Quarterly Results
Jul 16, 2025	Jul 23, 2025
Quarterly Results
Apr 21, 2025	Apr 25, 2025
Audited Results & Dividend

Dividends
Announced on Ex-Date Dividend%
Apr 25, 2025 Sep 10, 2025 400%
Apr 26, 2024 Aug 28, 2024 200%
May 29, 2023 Sep 21, 2023 100%
May 27, 2022 Sep 20, 2022 100%
Apr 29, 2026 - 500%
Bonus
Announced on Ex-Date
Jul 26, 1986 -
Bonus Ratio: 1 share(s) for every 1 shares held
Jul 26, 1978 -
Bonus Ratio: 1 share(s) for every 1 shares held
Jul 26, 1973 -
Bonus Ratio: 1 share(s) for every 1 shares held
Splits
No Data Available

Announced on	Ex-Date
Aug 02, 1999	-
Rights ratio: 1 share for every 3 held at a price of Rs 100.0
Aug 16, 1996	Sep 02, 1996
Rights ratio: 1 share for every 3 held at a price of Rs 100.0
Sep 30, 1993	Feb 26, 1993
Rights ratio: 1 share for every 2 held at a price of Rs 100.0

AGM/EGM Meetings

Announced on	Meeting on
Feb 12, 2026	Mar 16, 2026
-
Aug 26, 2025	Sep 17, 2025
-
Aug 16, 2024	Sep 04, 2024
A.G.M.
Aug 09, 2023	Sep 28, 2023
A.G.M. & Rs.10.0000 per share(100%)Dividend
Sep 07, 2020	Sep 20, 2020
Book closure from Sep 23, 2020 to Sep 29, 2020

About Force Motors

Force Motors Ltd., incorporated in the year 1958, is a Small Cap company (having a market cap of Rs 22,877.94 Crore) operating in Auto sector.

Force Motors Ltd. key Products/Revenue Segments include Light Commercial Vehicles (Traded), Other Operating Revenue and Service Charges for the year ending 31-Mar-2025.

For the quarter ended 31-03-2026, the company has reported a Consolidated Total Income of Rs 2,583.69 Crore, up 19.86 % from last quarter Total Income of Rs 2,155.62 Crore and up 8.83 % from last year same quarter Total Income of Rs 2,374.14 Crore. Company has reported net profit after tax of Rs 273.76 Crore in latest quarter.

The company’s top management includes Mr.Abhaykumar Navalmal Firodia, Mr.Prasan Abhaykumar Firodia, Mr.Prashant V Inamdar, Mr.Mukesh Mangalbhai Patel, Ms.Sonia Prashar, Mr.Vallabh Roopchand Bhanshali, Mr.Rishi Luharuka, Mr.Rohan Sampat. Company has Kirtane & Pandit LLP as its auditors. As on 31-03-2026, the company has a total of 1.32 Crore shares outstanding.

Force Motors Share Price Today is Rs. 17094.00. On previous day, the Force Motors Share Price (NSE) closed at Rs. 17643.0, featuring among the most traded securities on the National Stock Exchange.

Shareholdings:
As of 31st Mar, 2026, the promoter held 61.63% of the stake in Force Motors shares, out of which 0.0% was pledged. On the same date, foreign institutional investors' (FII) holdings of Force Motors stocks was 10.93% as compared to 10.46% in Dec 2025 with increase of 0.47%. The domestic institutional investors (DII) holdings on 31st Mar, 2026 was 1.74% as compared to 1.79% in Dec 2025 with decrease of 0.05%. Out of the total DII holdings in Force Motors shares 0.98% was held by mutual funds. The rest including public held is 25.7%. Force Motors stock price is reflected on both the exchanges - BSE and NSE.

Dividend, Bonus & Split Information:
Force Motors Dividend: Ever since 1958, Force Motors dividends has been paid out around 22 times. As on 11 Jun, 2026, 03:54 PM IST, The overall dividend yield for Force Motors stands at 0.23%. The last dividend paid was on September 10, 2025 (Rs. 40.0). The Earnings Per Share (EPS) for quarter ending 31st Mar 2026 is Rs. 919.56.

Force Motors Bonus: The most recent bonus issue had been in year null around 0 years ago at 1 : 1 ratio. The first bonus issue was announced in Jul 1973.

Stock Forecast:
After showing 2583.69 Cr. of sales and 19.86% of quarterly net profit, there have been multiple ups and downs in the Force Motors stock prices in the past few weeks. For example, Force Motors stock price on 3rd of June 2026 was around Rs. 17502.0. Force Motors share price now stands at an average of Rs. 17094.00. Judging by last week's performance, stock is in up trend.

Force Motors has a median target price of Rs. 0.0 in 12 months by 0 analysts. They have provided a high estimate of Rs. 0.0 and low estimate of Rs. 0.0 for Force Motors share.

Historical Prices and Performance:
Force Motors, incorporated in 1958 is a Mid Cap company (with a market cap of Rs. 22877.94) operating in Auto sector.
The Return of Equity (ROE) in last five financial years given by Force Motors stock was 28.88%, 26.39%, 17.2%, 7.12% and -5.21% respectively.
The Force Motors share gave a 3 year return of 699.31% as compared to Nifty 50 which gave a return of 25.06%.
Force Motors announced 400.0% final dividend on September 10, 2025.

Key Metrics:
PE Ratio of Force Motors is 18.88
Prices/Sales Ratio of Force Motors is 2.82
Price/Book Ratio of Force Motors is 5.45

Peer Insights:
Peers are businesses with comparable activities, buisness objectives and affiliation with a particular industry area. For Force Motors, major competitors and peers include Maruti Suzuki, M&M, Hyundai Motor India Ltd. and Tata Motors PV. As of Dec 2025, the dividend yield of Force Motors stands at 0.23% while Maruti Suzuki, M&M, Hyundai Motor India Ltd. and Tata Motors PV stand at 1.07%, 1.12%, 1.11% and 0.79% respectively. The PE ratio and PB Ratio of the company are among its competitors stand at 18.88 and 5.45 respectively.

Leadership of Force Motors :
Rohan Sampat is Co. Secretary & Compl. Officer
Rishi Luharuka is Chief Financial Officer
Abhaykumar Navalmal Firodia is Chairman
Prasan Abhaykumar Firodia is Managing Director
Prashant V Inamdar is Executive Director - Operations
Sonia Prashar is Independent Director
Vallabh Roopchand Bhanshali is Independent Director
Mukesh Mangalbhai Patel is Independent Director

Show More

Industry

Auto - Cars/UV/CV

Key Indices Listed On

Nifty 500, BSE 500, BSE SmallCap, BSE Consumer Discretionary, BSE 400 MidSmallCap Index

Address

Mumbai-Pune Road,Akurdi,Pune, Maharashtra - 411035

Contact

compliance-officer@forcemotors.com

http://www.forcemotors.com

Executive Leadership

AN

Abhaykumar Navalmal Firodia

Chairman

PA

Prasan Abhaykumar Firodia

Managing Director

PV

Prashant V Inamdar

Executive Director - Operations

MM

Mukesh Mangalbhai Patel

Independent Director

Show More

Auditors

Kirtane & Pandit LLP

FAQs about Force Motors share

1. What's the Force Motors share price today?
As on 11 Jun, 2026, 03:54 PM IST Force Motors share price is down by 1.55% basis the previous closing price of Rs 17,643. Force Motors share price is Rs 17,094.00. Return Performance of Force Motors Shares:
- 1 Week: Force Motors share price moved down by 8.06%
2. What is the PE & PB ratio of Force Motors?
The PE ratio of Force Motors stands at 18.88, while the PB ratio is 7.54.
3. What are the returns for Force Motors share?
Return Performance of Force Motors Shares:
- 1 Week: Force Motors share price moved down by 8.06%
4. What is Force Motors's 52 week high / low?
In last 52 weeks Force Motors share had a high price of Rs 26,450.00 and low price of Rs 12,035.00
5. What's the market capitalization of Force Motors?
Force Motors share has a market capitalization of Rs 22,544.58 Cr. Within Auto sector, it's market cap rank is 14.

Top Gainers

As on 03:59 PM | 11 Jun 2026

Aegis Logistics

925.90

124.90 (15.60%)

111.45

8.52 (8.28%)

DOMS Industries

2,255.40

136.81 (6.46%)

Blue Jet Healthcare

498.45

28.70 (6.11%)

1,923.80

90.80 (4.96%)

Top Losers

As on 03:59 PM | 11 Jun 2026

Balkrishna Ind.

1,974.00

-109.20 (-5.25%)

1,133.10

-60.31 (-5.06%)

155.70

-7.93 (-4.85%)

166.91

-8.00 (-4.57%)

Adani Transmission

1,466.70

-68.90 (-4.49%)

Equity Quick Links

Top Gainers
Top Losers
Hourly gainers
Hourly losers
Sensex
Nifty
NSE
BSE

Midcap stocks
Smallcap stocks
Largecap stocks
Sensex
Nifty
NSE
BSE
MCX Live

More from Markets

IPO
Stock market news
Budget 2022 Live Updates
Cryptocurrency
Currency converter
NSE holiday list

Trending in Markets

DATA SOURCES: TickerPlant (for live BSE/NSE quotes service) and Dion Global Solutions Ltd. (for corporate data, historical price & volume, F&O data). Sensex & BSE Quotes and Nifty & NSE Quotes are real-time and licensed from BSE and NSE respectively. All timestamps are reflected in IST (Indian Standard Time).

DISCLAIMER: Any and all content on this website including tools/analysis is provided to you only for convenience and on an “as-is, as- available” basis without representation and warranties of any kind. The content and any output of such tools/analysis is for informational purposes only and should not be relied upon or construed as an investment advice or guarantee for any specific performance/returns advice or considered as recommendation for the purchase or sale of any security or investment. You are advised to exercise caution, discretion and independent judgment with regards to the same and seek advice from professionals and certified experts before taking any decisions.

By using this site, you agree to the Terms of Service and Privacy Policy.