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 ₹ 2,37,171 Cr.
- Current Price ₹ 644
- High / Low ₹ 1,179 / 536
- Stock P/E 37.4
- Book Value ₹ 83.2
- Dividend Yield 0.47 %
- 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
- Company has been maintaining a healthy dividend payout of 19.1%
Cons
- Stock is trading at 7.74 times its book value
- Tax rate seems low
- Company has a low return on equity of 9.73% over last 3 years.
- 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
Sector: Automobile Industry: Automobiles - LCVs / HCVs
Part of BSE Sensex Nifty 50 BSE 500 BSE 100 BSE 200
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 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
44,766 | 34,288 | 36,302 | 42,845 | 44,316 | 57,897 | 69,203 | 43,928 | 30,175 | 47,264 | 65,757 | 73,303 | 69,681 | |
43,057 | 35,184 | 37,539 | 40,460 | 42,706 | 55,523 | 64,263 | 44,579 | 28,821 | 45,765 | 61,226 | 65,688 | 61,704 | |
Operating Profit | 1,708 | -895 | -1,237 | 2,385 | 1,611 | 2,374 | 4,940 | -651 | 1,354 | 1,499 | 4,531 | 7,615 | 7,977 |
OPM % | 4% | -3% | -3% | 6% | 4% | 4% | 7% | -1% | 4% | 3% | 7% | 10% | 11% |
1,672 | 3,293 | 1,478 | 1,469 | 642 | 1,526 | 2,352 | -1,128 | 112 | 1,092 | 538 | 3,958 | 2,531 | |
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 | 1,281 |
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 | 1,965 |
Profit before tax | 175 | -1,026 | -3,975 | -67 | -2,353 | -947 | 2,399 | -7,127 | -2,375 | -1,292 | 1,255 | 7,851 | 7,262 |
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 | 6,197 | |
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 | 18.10 |
Dividend Payout % | 211% | 192% | 0% | -109% | 0% | 0% | 0% | 0% | 0% | 0% | 28% | 29% |
Compounded Sales Growth | |
---|---|
10 Years: | 8% |
5 Years: | 1% |
3 Years: | 34% |
TTM: | -5% |
Compounded Profit Growth | |
---|---|
10 Years: | 20% |
5 Years: | 19% |
3 Years: | 64% |
TTM: | 6% |
Stock Price CAGR | |
---|---|
10 Years: | 2% |
5 Years: | 47% |
3 Years: | 14% |
1 Year: | -36% |
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 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 638 | 644 | 644 | 679 | 679 | 679 | 679 | 720 | 766 | 766 | 766 | 766 | 736 |
Reserves | 18,497 | 18,533 | 14,219 | 22,583 | 20,483 | 19,492 | 21,483 | 17,668 | 18,290 | 19,178 | 21,704 | 29,377 | 29,889 |
16,799 | 15,053 | 21,134 | 16,473 | 19,357 | 18,464 | 18,640 | 26,050 | 22,439 | 23,529 | 19,279 | 14,191 | 13,507 | |
16,251 | 15,505 | 13,946 | 16,941 | 18,359 | 20,577 | 20,107 | 18,152 | 23,565 | 20,427 | 19,971 | 21,700 | 20,793 | |
Total Liabilities | 52,185 | 49,734 | 49,943 | 56,676 | 58,878 | 59,212 | 60,910 | 62,590 | 65,060 | 63,900 | 61,720 | 66,034 | 64,925 |
15,456 | 15,241 | 15,783 | 21,076 | 20,773 | 21,604 | 22,287 | 25,208 | 26,423 | 14,076 | 14,542 | 14,344 | 14,995 | |
CWIP | 4,753 | 6,355 | 6,041 | 5,687 | 7,271 | 5,197 | 6,287 | 4,495 | 3,006 | 1,467 | 1,085 | 1,234 | 541 |
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 | 33,976 |
12,042 | 9,680 | 11,132 | 12,950 | 13,539 | 15,648 | 15,469 | 16,271 | 17,937 | 13,957 | 13,768 | 18,147 | 15,413 | |
Total Assets | 52,185 | 49,734 | 49,943 | 56,676 | 58,878 | 59,212 | 60,910 | 62,590 | 65,060 | 63,900 | 61,720 | 66,034 | 64,925 |
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 | 8,662 | |
1,073 | 2,563 | 246 | -3,264 | -2,860 | -710 | -3,822 | -4,637 | -2,988 | -4,681 | 917 | 1,492 | |
-4,046 | -5,034 | 2,632 | -79 | 1,209 | -3,106 | -2,530 | 7,749 | -3,472 | -516 | -7,021 | -7,930 | |
Net Cash Flow | -714 | -7 | 663 | -639 | -198 | 318 | -59 | 1,658 | 220 | 85 | -1,329 | 2,223 |
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 | 93 |
Cash Conversion Cycle | -29 | -69 | -43 | -32 | -51 | -51 | -47 | -62 | -168 | -87 | -61 | -55 |
Working Capital Days | -57 | -81 | -50 | -49 | -53 | -60 | -47 | -87 | -165 | -77 | -57 | -53 |
ROCE % | 5% | -3% | -6% | 4% | -1% | 4% | 11% | -6% | -0% | 1% | 8% | 16% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
51s - Press Release titled ''Tata Motors Monthly Sales - April 2025''.
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Board Meeting Intimation for A Meeting Of The Duly Constituted Committee Of Board To Be Held On May 2, 2025, Inter Alia, To Consider And Approve The The Issuance Of Rated, Listed, Unsecured, Redeemable, NCD On A Private Placement Basis Aggregating Upto Rs 500 Crore.
2d - Committee meeting on May 2 to approve ₹500 crore non-convertible debentures issuance.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
24 Apr - Tata Motors schedules Q4FY25 financial results conference call on May 13, 2025 at 6:30 PM IST.
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Intimation Regarding Change In Contact Details Of MUFG Intime India Private Limited, Registrar And Transfer Agent Of Tata Motors Limited
21 Apr - Updated contact details of Tata Motors' Registrar and Transfer Agent MUFG Intime India Pvt Ltd.
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Board Meeting Intimation for Considering And Approving The Audited Financial Results For The FY Ending March 31, 2025 And For Recommending A Final Dividend.
18 Apr - Board meeting to approve results and consider dividend.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Concalls
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Feb 2025Transcript PPT REC
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Nov 2024Transcript PPT REC
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Aug 2024Transcript PPT REC
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Aug 2024TranscriptPPT
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Jun 2024TranscriptNotesPPT
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Dec 2023Transcript PPT
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Dec 2022Transcript PPT
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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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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
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Jan 2017TranscriptPPT
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]