Tata Motors Passenger Vehicles Ltd

Tata Motors PVeh Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Tata Motors Passenger Vehicles Ltd

₹ 303 0.12%
02 Apr - close price
tatamotors.com BSE: 500570 NSE: TMPV
About

Tata Motors Group is a global automobile manufacturer. Part of the multi-national conglomerate, the Tata group, it offers a wide and diverse portfolio of cars, sports utility vehicles, etc.

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]

Key Points

Business Segments
1) Jaguar Land Rover (71% in 9M FY25 vs 67% in FY22): [1] [2] The company offers premium luxury vehicles through Jaguar Land Rover, which it acquired in 2008 for $2.3 billion. The Jaguar brand offers luxury sedans, electric vehicles, and sports cars, while Land Rover focuses on SUVs and off-road vehicles. [3] [4]

Website BSE NSE
  • Market Cap ₹ 1,11,687 Cr.
  • Current Price ₹ 303
  • High / Low ₹ 449 / 294
  • Stock P/E 20.0
  • Book Value ₹ 66.7
  • Dividend Yield 1.98 %
  • ROCE 20.3 %
  • ROE 17.9 %
  • Face Value ₹ 2.00
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Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 25.9% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 32.6%

Cons

  • Stock is trading at 4.55 times its book value
  • The company has delivered a poor sales growth of 9.58% over past five years.
  • Earnings include an other income of Rs.88,669 Cr.
  • Promoter holding has decreased over last 3 years: -3.83%

* 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

Consumer Discretionary Automobile and Auto Components Automobiles Passenger Cars & Utility Vehicles

Part of Nifty 50 BSE 500 BSE 100 BSE 200 BSE Dollex 200

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
15,794 20,142 15,833 18,542 18,669 20,260 16,862 12,055 12,141 19,999 11,038 12,955 15,268
14,473 18,087 14,554 16,599 16,693 17,842 14,957 11,306 11,497 17,547 10,663 12,448 14,579
Operating Profit 1,321 2,055 1,279 1,943 1,976 2,418 1,905 749 644 2,452 375 507 689
OPM % 8% 10% 8% 10% 11% 12% 11% 6% 5% 12% 3% 4% 5%
173 -35 -349 454 3,815 37 1,951 938 1,595 -23 6,466 82,650 -424
Interest 503 466 412 471 412 410 344 89 80 252 69 65 35
Depreciation 430 468 496 509 513 499 477 634 678 542 637 636 725
Profit before tax 560 1,086 22 1,417 4,866 1,546 3,035 964 1,481 1,635 6,135 82,456 -495
Tax % 10% -148% 391% 10% 6% -38% 28% 31% 1% 15% 14% 0% -53%
506 2,696 -64 1,270 4,570 2,126 2,190 661 1,471 1,382 5,266 82,081 -233
EPS in Rs 1.52 8.12 -0.19 3.82 13.75 6.40 6.59 1.80 4.00 3.75 14.30 222.91 -0.63
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
34,288 36,302 42,845 44,316 57,897 69,203 43,928 30,175 47,264 65,757 73,303 69,419 59,260
35,184 37,539 40,460 42,706 55,523 64,263 44,579 28,821 45,765 61,226 65,688 61,408 55,237
Operating Profit -895 -1,237 2,385 1,611 2,374 4,940 -651 1,354 1,499 4,531 7,615 8,011 4,023
OPM % -3% -3% 6% 4% 4% 7% -1% 4% 3% 7% 10% 12% 7%
3,293 1,478 1,469 642 1,526 2,352 -1,128 112 1,092 538 3,959 2,471 88,669
Interest 1,353 1,612 1,592 1,569 1,744 1,794 1,973 2,111 2,122 2,048 1,706 1,122 421
Depreciation 2,070 2,603 2,329 3,037 3,102 3,099 3,375 1,731 1,761 1,767 2,017 2,008 2,540
Profit before tax -1,026 -3,975 -67 -2,353 -947 2,399 -7,127 -2,375 -1,292 1,255 7,851 7,352 89,731
Tax % -133% 19% -7% 3% 9% 16% 2% 1% 8% -117% -1% 26%
335 -4,739 -62 -2,430 -1,035 2,021 -7,290 -2,395 -1,391 2,728 7,902 5,452 88,496
EPS in Rs 1.16 -16.41 -0.22 -8.41 -3.58 7.00 -23.60 -7.21 -4.19 8.21 23.77 14.81 240.33
Dividend Payout % 192% 0% -109% 0% 0% 0% 0% 0% 0% 28% 29% 40%
Compounded Sales Growth
10 Years: 7%
5 Years: 10%
3 Years: 14%
TTM: -3%
Compounded Profit Growth
10 Years: 13%
5 Years: 26%
3 Years: 77%
TTM: 24%
Stock Price CAGR
10 Years: 3%
5 Years: 10%
3 Years: 5%
1 Year: -18%
Return on Equity
10 Years: 2%
5 Years: 9%
3 Years: 17%
Last Year: 18%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 644 644 679 679 679 679 720 766 766 766 767 736 737
Reserves 18,533 14,219 22,583 20,483 19,492 21,483 17,668 18,290 19,178 21,704 29,376 32,706 23,825
15,053 21,134 16,473 19,357 18,464 18,640 26,050 22,439 23,529 19,279 14,190 9,006 3,001
15,505 13,946 16,941 18,359 20,577 20,107 18,152 23,565 20,427 19,971 21,701 22,972 12,933
Total Liabilities 49,734 49,943 56,676 58,878 59,212 60,910 62,590 65,060 63,900 61,720 66,034 65,420 40,496
15,241 15,783 21,076 20,773 21,604 22,287 25,208 26,423 14,076 14,542 14,345 14,115 15,011
CWIP 6,355 6,041 5,687 7,271 5,197 6,287 4,495 3,006 1,467 1,085 1,234 1,824 980
Investments 18,458 16,987 16,963 17,296 16,764 16,867 16,616 17,693 34,399 32,325 32,309 34,284 14,192
9,680 11,132 12,950 13,539 15,648 15,469 16,271 17,937 13,957 13,768 18,146 15,197 10,313
Total Assets 49,734 49,943 56,676 58,878 59,212 60,910 62,590 65,060 63,900 61,720 66,034 65,420 40,496

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
2,463 -2,214 2,703 1,453 4,134 6,293 -1,455 6,680 5,282 4,775 8,662 9,795
2,563 246 -3,264 -2,860 -710 -3,822 -4,637 -2,988 -4,681 917 1,492 -3,821
-5,034 2,632 -79 1,209 -3,106 -2,530 7,749 -3,472 -516 -7,021 -7,930 -8,932
Net Cash Flow -7 663 -639 -198 318 -59 1,658 220 85 -1,329 2,224 -2,958
Free Cash Flow -631 -5,269 -546 -2,043 1,339 1,539 -5,968 5,002 3,551 3,201 6,710 7,865
CFO/OP -281% 173% 114% 97% 175% 131% 209% 498% 363% 109% 117% 122%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 13 11 17 18 22 17 16 25 16 13 14 12
Inventory Days 54 65 64 65 48 34 43 77 37 22 24 24
Days Payable 136 119 113 133 122 97 122 270 141 96 93 102
Cash Conversion Cycle -69 -43 -32 -51 -51 -47 -62 -168 -87 -61 -55 -66
Working Capital Days -132 -128 -80 -95 -79 -66 -138 -197 -148 -105 -96 -74
ROCE % -3% -6% 4% -1% 4% 11% -6% -0% 1% 8% 16% 20%

Insights

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Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
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Tata Motors CV Sales & Service Touchpoints
Numbers
Tata Motors Passenger Vehicle Wholesales (Global)
Units
Tata Motors PV Domestic Vahan Market Share
%
Tata Motors PV Dealer Network (Network Count)
Numbers
Tata Motors EV Domestic Vahan Market Share
%
Tata Motors EV Wholesales (India)
Units
Average Inventory Levels (Domestic PV)
Days
R&D Expenditure (Percentage of Turnover)
%

Shareholding Pattern

Numbers in percentages

1 Recently
Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
46.39% 46.39% 46.38% 46.37% 46.36% 46.36% 42.58% 42.58% 42.58% 42.57% 42.57% 42.56%
15.34% 17.72% 18.40% 18.62% 19.20% 18.18% 20.54% 18.66% 17.84% 17.17% 17.13% 17.88%
17.69% 17.38% 17.37% 17.25% 16.01% 15.93% 16.08% 16.54% 16.88% 16.93% 17.03% 15.08%
0.14% 0.14% 0.14% 0.14% 0.14% 0.14% 0.29% 0.31% 0.31% 0.31% 0.31% 0.31%
20.41% 18.38% 17.70% 17.60% 18.31% 19.39% 20.49% 21.91% 22.39% 23.01% 22.97% 24.14%
No. of Shareholders 38,14,83135,02,40837,73,31441,84,36946,16,90850,98,55057,27,23464,62,12367,28,24667,52,77566,55,77666,73,646

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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