Tata Motors Ltd
Tata Motors Group is a leading global automobile manufacturer. Part of the illustrious multi-national conglomerate, the Tata group, it offers a wide and diverse portfolio of cars, sports utility vehicles, trucks, buses and defence vehicles to the world.
It has operations in India, the UK, South Korea, South Africa, China, Brazil, Austria and Slovakia through a strong global network of subsidiaries, associate companies and Joint Ventures (JVs), including Jaguar Land Rover in the UK and Tata Daewoo in South Korea. [1]
- Market Cap ₹ 3,83,805 Cr.
- Current Price ₹ 1,047
- High / Low ₹ 1,066 / 505
- Stock P/E 74.8
- Book Value ₹ 90.7
- Dividend Yield 0.19 %
- ROCE 15.7 %
- ROE 19.5 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company has delivered good profit growth of 19.2% CAGR over last 5 years
Cons
- Stock is trading at 11.5 times its book value
- Tax rate seems low
- Company has a low return on equity of 9.64% over last 3 years.
- Earnings include an other income of Rs.3,958 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Automobile Industry: Automobiles - LCVs / HCVs
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
44,766 | 34,288 | 36,302 | 42,845 | 44,316 | 57,897 | 69,203 | 43,928 | 30,175 | 47,264 | 65,757 | 73,303 | |
43,057 | 35,184 | 37,539 | 40,460 | 42,706 | 55,523 | 64,263 | 44,579 | 28,821 | 45,765 | 61,226 | 65,688 | |
Operating Profit | 1,708 | -895 | -1,237 | 2,385 | 1,611 | 2,374 | 4,940 | -651 | 1,354 | 1,499 | 4,531 | 7,615 |
OPM % | 4% | -3% | -3% | 6% | 4% | 4% | 7% | -1% | 4% | 3% | 7% | 10% |
1,672 | 3,293 | 1,478 | 1,469 | 642 | 1,526 | 2,352 | -1,128 | 112 | 1,092 | 538 | 3,958 | |
Interest | 1,388 | 1,353 | 1,612 | 1,592 | 1,569 | 1,744 | 1,794 | 1,973 | 2,111 | 2,122 | 2,048 | 1,706 |
Depreciation | 1,818 | 2,070 | 2,603 | 2,329 | 3,037 | 3,102 | 3,099 | 3,375 | 1,731 | 1,761 | 1,767 | 2,017 |
Profit before tax | 175 | -1,026 | -3,975 | -67 | -2,353 | -947 | 2,399 | -7,127 | -2,375 | -1,292 | 1,255 | 7,851 |
Tax % | -73% | 133% | -19% | 7% | -3% | -9% | 16% | -2% | -1% | -8% | -117% | -1% |
302 | 335 | -4,739 | -62 | -2,430 | -1,035 | 2,021 | -7,290 | -2,395 | -1,391 | 2,728 | 7,902 | |
EPS in Rs | 1.06 | 1.16 | -16.41 | -0.22 | -8.41 | -3.58 | 7.00 | -23.60 | -7.21 | -4.19 | 8.21 | 23.77 |
Dividend Payout % | 211% | 192% | -0% | -109% | -0% | -0% | -0% | -0% | -0% | -0% | 28% | 15% |
Compounded Sales Growth | |
---|---|
10 Years: | 8% |
5 Years: | 1% |
3 Years: | 34% |
TTM: | 11% |
Compounded Profit Growth | |
---|---|
10 Years: | 20% |
5 Years: | 19% |
3 Years: | 64% |
TTM: | 76% |
Stock Price CAGR | |
---|---|
10 Years: | 9% |
5 Years: | 41% |
3 Years: | 49% |
1 Year: | 105% |
Return on Equity | |
---|---|
10 Years: | -3% |
5 Years: | -1% |
3 Years: | 10% |
Last Year: | 20% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 638 | 644 | 644 | 679 | 679 | 679 | 679 | 720 | 766 | 766 | 766 | 766 |
Reserves | 18,497 | 18,533 | 14,219 | 22,583 | 20,483 | 19,492 | 21,483 | 16,801 | 18,290 | 19,178 | 21,704 | 29,377 |
16,799 | 15,053 | 21,134 | 16,473 | 19,357 | 18,464 | 18,640 | 26,050 | 22,439 | 23,529 | 19,279 | 14,191 | |
16,251 | 15,505 | 13,946 | 16,941 | 18,359 | 20,577 | 20,107 | 19,019 | 23,565 | 20,427 | 19,971 | 21,750 | |
Total Liabilities | 52,185 | 49,734 | 49,943 | 56,676 | 58,878 | 59,212 | 60,910 | 62,590 | 65,060 | 63,900 | 61,720 | 66,084 |
15,456 | 15,241 | 15,783 | 21,076 | 20,773 | 21,604 | 22,287 | 25,208 | 26,423 | 14,076 | 14,542 | 14,933 | |
CWIP | 4,753 | 6,355 | 6,041 | 5,687 | 7,271 | 5,197 | 6,287 | 4,495 | 3,006 | 1,467 | 1,085 | 645 |
Investments | 19,934 | 18,458 | 16,987 | 16,963 | 17,296 | 16,764 | 16,867 | 16,616 | 17,693 | 34,399 | 32,325 | 32,309 |
12,042 | 9,680 | 11,132 | 12,950 | 13,539 | 15,648 | 15,469 | 16,271 | 17,937 | 13,957 | 13,768 | 18,197 | |
Total Assets | 52,185 | 49,734 | 49,943 | 56,676 | 58,878 | 59,212 | 60,910 | 62,590 | 65,060 | 63,900 | 61,720 | 66,084 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2,258 | 2,463 | -2,214 | 2,703 | 1,453 | 4,134 | 6,293 | -1,455 | 6,680 | 5,282 | 4,775 | ||
1,073 | 2,563 | 246 | -3,264 | -2,860 | -710 | -3,822 | -4,637 | -2,988 | -4,681 | 917 | ||
-4,046 | -5,034 | 2,632 | -79 | 1,209 | -3,106 | -2,530 | 7,749 | -3,472 | -516 | -7,021 | ||
Net Cash Flow | -714 | -7 | 663 | -639 | -198 | 318 | -59 | 1,658 | 220 | 85 | -1,329 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 15 | 13 | 11 | 17 | 18 | 22 | 17 | 16 | 25 | 16 | 13 | 14 |
Inventory Days | 49 | 54 | 65 | 64 | 65 | 48 | 34 | 43 | 77 | 37 | 22 | 24 |
Days Payable | 94 | 136 | 119 | 113 | 133 | 122 | 97 | 122 | 270 | 141 | 96 | 62 |
Cash Conversion Cycle | -29 | -69 | -43 | -32 | -51 | -51 | -47 | -62 | -168 | -87 | -61 | -24 |
Working Capital Days | -57 | -81 | -50 | -49 | -53 | -60 | -47 | -87 | -165 | -77 | -57 | -43 |
ROCE % | 5% | -3% | -6% | 4% | -1% | 4% | 11% | -6% | -0% | 1% | 8% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Change in Management
1h - Reg 30 of SEBI (LODR) Regulations, 2015, please find enclosed intimation for re-appointment of Ms Vedika Bhandarkar as an Independent Director subject to the approval …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
2h - The audio call recording of earnings conference call on the Financial Results for the fourth quarter and financial year ended March 31, 2024 is available …
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Announcement under Regulation 30 (LODR)-Change in Directorate
2h - Reg 30 of SEBI (LODR) Regulations, 2015, please find enclosed intimation for re-appointment of Ms Vedika Bhandarkar as Non-Executive Independent Director for the second term …
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 5h
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Announcement under Regulation 30 (LODR)-Investor Presentation
8h - Reg 30 of SEBI (LODR) Regulations, 2015, please find enclosed the presentation to be made to the analysts/investors on the Audited Standalone and Consolidated Financial …
Annual reports
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from nse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from bse
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Financial Year 2011
from nse
Concalls
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Feb 2024Transcript PPT
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Feb 2024TranscriptNotesPPT
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Dec 2023Transcript PPT
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Sep 2023TranscriptNotesPPT
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Jul 2023Transcript PPT
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Jul 2023Transcript PPT
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Jun 2023Transcript PPT
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May 2023TranscriptNotesPPT
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Feb 2023Transcript PPT
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Dec 2022Transcript PPT
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Nov 2022TranscriptNotesPPT
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Nov 2022TranscriptNotesPPT
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Aug 2022Transcript PPT
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May 2022Transcript PPT
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May 2022TranscriptNotesPPT
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Feb 2022Transcript PPT
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Jan 2022TranscriptPPT
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Nov 2021Transcript PPT
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Nov 2021TranscriptNotesPPT
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Oct 2021Transcript PPT
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Jul 2021Transcript PPT
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May 2021TranscriptPPT
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Feb 2021TranscriptNotesPPT
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Jan 2021TranscriptPPT
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Oct 2020TranscriptPPT
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Jul 2020TranscriptPPT
Revenue Mix(FY24)
Jaguar Land Rover - 67%
Tata Commercial Vehicles - 19%
Tata Passenger Vehicles - 11%
Vehicles financing - 2%
Others - 1%[1]