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 ₹ 2,54,093 Cr.
- Current Price ₹ 690
- High / Low ₹ 1,100 / 536
- Stock P/E 11.8
- Book Value ₹ 315
- Dividend Yield 0.87 %
- ROCE 20.0 %
- ROE 28.1 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company has delivered good profit growth of 37.2% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 29.8%
Cons
- 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
232,834 | 263,159 | 273,046 | 269,693 | 291,550 | 301,938 | 261,068 | 249,795 | 278,454 | 345,967 | 434,016 | 439,695 | 437,968 | |
197,980 | 223,920 | 234,650 | 240,104 | 260,093 | 277,274 | 243,081 | 217,507 | 253,734 | 314,151 | 376,192 | 384,479 | 386,344 | |
Operating Profit | 34,853 | 39,239 | 38,395 | 29,589 | 31,458 | 24,664 | 17,987 | 32,287 | 24,720 | 31,816 | 57,824 | 55,216 | 51,624 |
OPM % | 15% | 15% | 14% | 11% | 11% | 8% | 7% | 13% | 9% | 9% | 13% | 13% | 12% |
-157 | 714 | -2,670 | 1,869 | 5,933 | -26,686 | 102 | -11,118 | 2,424 | 6,664 | 4,792 | 11,774 | 5,999 | |
Interest | 4,749 | 4,861 | 4,889 | 4,238 | 4,682 | 5,759 | 7,243 | 8,097 | 9,312 | 10,225 | 7,594 | 5,083 | 5,167 |
Depreciation | 11,078 | 13,389 | 16,711 | 17,905 | 21,554 | 23,591 | 21,425 | 23,547 | 24,836 | 24,860 | 27,239 | 23,256 | 22,019 |
Profit before tax | 18,869 | 21,703 | 14,126 | 9,315 | 11,155 | -31,371 | -10,580 | -10,474 | -7,003 | 3,394 | 27,783 | 38,651 | 30,437 |
Tax % | 25% | 35% | 21% | 35% | 39% | -8% | 4% | 24% | 60% | 21% | -14% | 27% | |
14,050 | 14,073 | 11,678 | 7,557 | 9,091 | -28,724 | -11,975 | -13,395 | -11,309 | 2,690 | 31,807 | 28,149 | 21,494 | |
EPS in Rs | 48.46 | 48.44 | 40.11 | 25.82 | 31.13 | -99.84 | -39.08 | -40.51 | -34.46 | 7.27 | 94.47 | 75.60 | 57.44 |
Dividend Payout % | 5% | 0% | 1% | 0% | 0% | 0% | 0% | 0% | 0% | 32% | 7% | 8% |
Compounded Sales Growth | |
---|---|
10 Years: | 5% |
5 Years: | 11% |
3 Years: | 16% |
TTM: | -1% |
Compounded Profit Growth | |
---|---|
10 Years: | 7% |
5 Years: | 37% |
3 Years: | 65% |
TTM: | -37% |
Stock Price CAGR | |
---|---|
10 Years: | 8% |
5 Years: | 35% |
3 Years: | 14% |
1 Year: | -37% |
Return on Equity | |
---|---|
10 Years: | 10% |
5 Years: | 17% |
3 Years: | 30% |
Last Year: | 28% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
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 | 767 | 736 |
Reserves | 64,960 | 55,618 | 78,273 | 57,383 | 94,749 | 59,500 | 62,359 | 54,481 | 43,795 | 44,556 | 84,151 | 115,408 |
60,642 | 73,610 | 69,360 | 78,604 | 88,950 | 106,175 | 124,788 | 142,131 | 146,449 | 134,113 | 107,264 | 71,540 | |
92,180 | 107,442 | 114,872 | 135,914 | 142,813 | 139,349 | 132,313 | 144,193 | 138,051 | 155,239 | 177,339 | 189,289 | |
Total Liabilities | 218,426 | 237,315 | 263,184 | 272,580 | 327,192 | 305,703 | 320,179 | 341,570 | 329,061 | 334,674 | 369,521 | 376,973 |
69,092 | 88,479 | 107,232 | 95,944 | 121,414 | 111,234 | 127,107 | 138,708 | 138,855 | 132,080 | 121,285 | 115,697 | |
CWIP | 33,263 | 28,640 | 25,919 | 33,699 | 40,034 | 31,884 | 35,622 | 20,964 | 10,251 | 14,274 | 35,698 | 65,806 |
Investments | 10,687 | 15,337 | 23,767 | 20,338 | 20,813 | 15,771 | 16,308 | 24,620 | 29,380 | 26,379 | 22,971 | 35,656 |
105,385 | 104,858 | 106,266 | 122,600 | 144,932 | 146,814 | 141,141 | 157,278 | 150,575 | 161,941 | 189,567 | 159,814 | |
Total Assets | 218,426 | 237,315 | 263,184 | 272,580 | 327,192 | 305,703 | 320,179 | 341,570 | 329,061 | 334,674 | 369,521 | 376,973 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
36,151 | 35,531 | 37,900 | 30,199 | 23,857 | 18,891 | 26,633 | 29,001 | 14,283 | 35,388 | 67,915 | 63,102 | |
-27,991 | -36,232 | -36,694 | -39,571 | -25,139 | -20,878 | -33,115 | -25,672 | -4,444 | -15,417 | -22,781 | -49,982 | |
-3,883 | 5,201 | -3,795 | 6,205 | 2,012 | 8,830 | 3,390 | 9,904 | -3,380 | -26,243 | -37,006 | -18,786 | |
Net Cash Flow | 4,277 | 4,500 | -2,589 | -3,167 | 730 | 6,843 | -3,092 | 13,232 | 6,459 | -6,272 | 8,128 | -5,666 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 17 | 17 | 18 | 19 | 25 | 23 | 16 | 19 | 16 | 17 | 14 | 11 |
Inventory Days | 69 | 67 | 73 | 77 | 83 | 73 | 82 | 83 | 71 | 66 | 64 | 63 |
Days Payable | 146 | 131 | 138 | 138 | 151 | 133 | 145 | 175 | 141 | 128 | 126 | 131 |
Cash Conversion Cycle | -60 | -47 | -46 | -41 | -43 | -38 | -48 | -74 | -53 | -45 | -48 | -56 |
Working Capital Days | -56 | -62 | -63 | -69 | -71 | -78 | -92 | -112 | -88 | -63 | -55 | -62 |
ROCE % | 22% | 21% | 15% | 9% | 9% | 2% | -0% | 6% | 1% | 6% | 19% | 20% |
Documents
Announcements
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Intimation Under Regulation 30 Of The SEBI (LODR) Regulations, 2015
5h - JLR, Tata Motors' material subsidiary, reported a global IT security incident; updates expected (Sept 1, 2025).
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
12h - August 2025 sales: total 73,178 units; CV 29,863 (+10% YoY); PV 43,315 (-3% YoY); EV 8,540 (+44%).
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
28 Aug - Reg 30 of the SEBI (LODR) Regulations, 2015, we are enclosing herewith an intimation regarding allotment of 3,06,071 ordinary/equity shares under Tata Motors Limited Share-based …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
26 Aug - Tata Motors scheduled physical analyst/institutional investor meetings on September 4, 2025, multiple fund houses.
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Intimation Regarding Sanction Of The Composite Scheme Of Arrangement Amongst Tata Motors Limited, TML Commercial Vehicles Limited And Tata Motors Passenger Vehicles Limited And Their Respective Shareholders By The Hon'Ble National Company Law Tribunal, Mumbai Bench
25 Aug - NCLT sanctioned Tata Motors composite scheme (demerger/amalgamation) among TML, TMLCV, TMPV on Aug 25, 2025.
Annual reports
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Financial Year 2025
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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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Aug 2025Transcript PPT REC
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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]