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 ₹ 2,66,787 Cr.
- Current Price ₹ 725
- High / Low ₹ 1,179 / 536
- Stock P/E 11.2
- Book Value ₹ 315
- Dividend Yield 0.42 %
- ROCE 20.0 %
- ROE 23.6 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company has delivered good profit growth of 34.7% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 27.7%
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.
Peer comparison
Sector: Automobile Industry: Automobiles - LCVs / HCVs
Part of BSE Sensex Nifty 50 BSE 500 BSE 100 BSE 200
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
232,834 | 263,159 | 273,046 | 269,693 | 291,550 | 301,938 | 261,068 | 249,795 | 278,454 | 345,967 | 437,928 | 439,695 | |
197,980 | 223,920 | 234,650 | 240,104 | 260,093 | 277,274 | 243,081 | 217,507 | 253,734 | 314,151 | 378,389 | 383,557 | |
Operating Profit | 34,853 | 39,239 | 38,395 | 29,589 | 31,458 | 24,664 | 17,987 | 32,287 | 24,720 | 31,816 | 59,538 | 56,138 |
OPM % | 15% | 15% | 14% | 11% | 11% | 8% | 7% | 13% | 9% | 9% | 14% | 13% |
-157 | 714 | -2,670 | 1,869 | 5,933 | -26,686 | 102 | -11,118 | 2,424 | 6,664 | 5,673 | 10,852 | |
Interest | 4,749 | 4,861 | 4,889 | 4,238 | 4,682 | 5,759 | 7,243 | 8,097 | 9,312 | 10,225 | 9,986 | 5,083 |
Depreciation | 11,078 | 13,389 | 16,711 | 17,905 | 21,554 | 23,591 | 21,425 | 23,547 | 24,836 | 24,860 | 27,270 | 23,256 |
Profit before tax | 18,869 | 21,703 | 14,126 | 9,315 | 11,155 | -31,371 | -10,580 | -10,474 | -7,003 | 3,394 | 27,955 | 38,651 |
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 | |
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 |
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: | 0% |
Compounded Profit Growth | |
---|---|
10 Years: | 5% |
5 Years: | 35% |
3 Years: | 60% |
TTM: | -26% |
Stock Price CAGR | |
---|---|
10 Years: | 3% |
5 Years: | 54% |
3 Years: | 20% |
1 Year: | -24% |
Return on Equity | |
---|---|
10 Years: | 10% |
5 Years: | 16% |
3 Years: | 28% |
Last Year: | 24% |
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 | 766 | 736 |
Reserves | 64,960 | 55,618 | 78,273 | 57,383 | 94,749 | 59,500 | 62,359 | 54,481 | 43,795 | 44,556 | 84,152 | 115,408 |
60,642 | 73,610 | 69,360 | 78,604 | 88,950 | 106,175 | 124,788 | 142,131 | 146,449 | 134,113 | 107,262 | 71,540 | |
92,180 | 107,442 | 114,872 | 135,914 | 142,813 | 139,349 | 132,313 | 144,193 | 138,051 | 155,239 | 177,340 | 190,958 | |
Total Liabilities | 218,426 | 237,315 | 263,184 | 272,580 | 327,192 | 305,703 | 320,179 | 341,570 | 329,061 | 334,674 | 369,521 | 378,642 |
69,092 | 88,479 | 107,232 | 95,944 | 121,414 | 111,234 | 127,107 | 138,708 | 138,855 | 132,080 | 121,285 | 163,879 | |
CWIP | 33,263 | 28,640 | 25,919 | 33,699 | 40,034 | 31,884 | 35,622 | 20,964 | 10,251 | 14,274 | 35,698 | 17,624 |
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 | 189,566 | 161,483 | |
Total Assets | 218,426 | 237,315 | 263,184 | 272,580 | 327,192 | 305,703 | 320,179 | 341,570 | 329,061 | 334,674 | 369,521 | 378,642 |
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 | -22,782 | -47,594 | |
-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 | -3,278 |
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 | 126 |
Cash Conversion Cycle | -60 | -47 | -46 | -41 | -43 | -38 | -48 | -74 | -53 | -45 | -48 | -52 |
Working Capital Days | -41 | -44 | -47 | -50 | -50 | -53 | -68 | -48 | -32 | -24 | -24 | -20 |
ROCE % | 22% | 21% | 15% | 9% | 9% | 2% | -0% | 6% | 1% | 6% | 20% | 20% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
16h - Reg 30 of the SEBI (LODR) Regulations, 2015, we are enclosing herewith the intimation regarding allotment of 1,13,583 Ordinary/Equity Shares under TML SLTI Scheme 2021.
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Information Under Regulation 30 Of The Securities Exchange Board Of India (LODR) Regulations, 2015
16h - Tata Motors paid ₹2.11 crore RBI compounding fee for foreign exchange regulation contravention.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
1d - Virtual meeting with multiple institutional investors scheduled on May 22, 2025.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
17 May - Reg 30 of the SEBI (LODR) Regulations, 2015, we are enclosing herewith the transcript of the earning call for the fourth quarter and financial year …
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Compliances-Reg.24(A)-Annual Secretarial Compliance
15 May - Tata Motors' FY 2024-25 Annual Secretarial Compliance Report shows full regulatory compliance, no violations.
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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May 2025Transcript PPT
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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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Dec 2022Transcript PPT
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Nov 2021Transcript PPT
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Nov 2021TranscriptNotesPPT
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Oct 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]