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 ₹ 2,64,413 Cr.
- Current Price ₹ 718
- High / Low ₹ 1,179 / 536
- Stock P/E 46.4
- Book Value ₹ 90.8
- Dividend Yield 0.84 %
- ROCE 20.3 %
- ROE 17.9 %
- Face Value ₹ 2.00
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 7.91 times its book value
- The company has delivered a poor sales growth of 9.58% over past five 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 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
34,288 | 36,302 | 42,845 | 44,316 | 57,897 | 69,203 | 43,928 | 30,175 | 47,264 | 65,757 | 73,303 | 69,419 | |
35,184 | 37,539 | 40,460 | 42,706 | 55,523 | 64,263 | 44,579 | 28,821 | 45,765 | 61,226 | 65,688 | 61,408 | |
Operating Profit | -895 | -1,237 | 2,385 | 1,611 | 2,374 | 4,940 | -651 | 1,354 | 1,499 | 4,531 | 7,615 | 8,011 |
OPM % | -3% | -3% | 6% | 4% | 4% | 7% | -1% | 4% | 3% | 7% | 10% | 12% |
3,293 | 1,478 | 1,469 | 642 | 1,526 | 2,352 | -1,128 | 112 | 1,092 | 538 | 3,958 | 2,471 | |
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 |
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 |
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 |
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 | |
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 |
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: | -5% |
Compounded Profit Growth | |
---|---|
10 Years: | 13% |
5 Years: | 26% |
3 Years: | 77% |
TTM: | 11% |
Stock Price CAGR | |
---|---|
10 Years: | 4% |
5 Years: | 54% |
3 Years: | 20% |
1 Year: | -25% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 644 | 644 | 679 | 679 | 679 | 679 | 720 | 766 | 766 | 766 | 766 | 736 |
Reserves | 18,533 | 14,219 | 22,583 | 20,483 | 19,492 | 21,483 | 17,668 | 18,290 | 19,178 | 21,704 | 29,377 | 32,706 |
15,053 | 21,134 | 16,473 | 19,357 | 18,464 | 18,640 | 26,050 | 22,439 | 23,529 | 19,279 | 14,191 | 9,006 | |
15,505 | 13,946 | 16,941 | 18,359 | 20,577 | 20,107 | 18,152 | 23,565 | 20,427 | 19,971 | 21,700 | 22,972 | |
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 |
15,241 | 15,783 | 21,076 | 20,773 | 21,604 | 22,287 | 25,208 | 26,423 | 14,076 | 14,542 | 14,344 | 15,256 | |
CWIP | 6,355 | 6,041 | 5,687 | 7,271 | 5,197 | 6,287 | 4,495 | 3,006 | 1,467 | 1,085 | 1,234 | 683 |
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 |
9,680 | 11,132 | 12,950 | 13,539 | 15,648 | 15,469 | 16,271 | 17,937 | 13,957 | 13,768 | 18,147 | 15,197 | |
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 |
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 | -3,819 | |
-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 | 2,223 | -2,956 |
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 | 81 |
Cash Conversion Cycle | -69 | -43 | -32 | -51 | -51 | -47 | -62 | -168 | -87 | -61 | -55 | -45 |
Working Capital Days | -81 | -50 | -49 | -53 | -60 | -47 | -87 | -165 | -77 | -57 | -53 | -32 |
ROCE % | -3% | -6% | 4% | -1% | 4% | 11% | -6% | -0% | 1% | 8% | 16% | 20% |
Documents
Announcements
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Intimation Under Regulation 30 Regarding Letter Dispatched To The Shareholders Of The Company
19h - Tata Motors dispatched letters for FY25 Annual Report access and AGM details; includes dividend and e-voting dates.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
19h - Copies of newspaper advertisement pertaining to the 80th AGM of the Company.
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Business Responsibility and Sustainability Reporting (BRSR)
1d - Tata Motors files FY24-25 Business Responsibility and Sustainability Report as per SEBI regulations.
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Reg. 34 (1) Annual Report.
1d - Tata Motors FY25 report: record revenue, debt-free, major demerger into two listed companies planned.
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Integrated Annual Report For The Financial Year 2024-25 And Notice Convening The 80Th Annual General Meeting Of Tata Motors Limited
1d - Tata Motors announces FY25 results, record revenue, debt free status, and plans demerger into two listed entities.
Annual reports
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Financial Year 2025
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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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Concalls
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May 2025Transcript PPT
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Feb 2025Transcript PPT REC
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Nov 2024Transcript PPT REC
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Dec 2022Transcript PPT
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Nov 2021Transcript PPT
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May 2021TranscriptPPT
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Feb 2021TranscriptNotesPPT
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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]