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 ₹ 1,86,035 Cr.
- Current Price ₹ 519
- High / Low ₹ 537 / 375
- Stock P/E 74.2
- Book Value ₹ 136
- Dividend Yield 0.00 %
- ROCE 6.31 %
- ROE 5.58 %
- Face Value ₹ 2.00
Pros
Cons
- Stock is trading at 3.80 times its book value
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 3.48% over past five years.
- Company has a low return on equity of -7.17% over last 3 years.
* 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
165,654 | 188,793 | 232,834 | 263,159 | 273,046 | 269,693 | 291,550 | 301,938 | 261,068 | 249,795 | 278,454 | 345,967 | |
143,439 | 164,197 | 197,980 | 223,920 | 234,650 | 240,104 | 260,093 | 277,274 | 243,081 | 217,507 | 253,734 | 314,047 | |
Operating Profit | 22,215 | 24,596 | 34,853 | 39,239 | 38,395 | 29,589 | 31,458 | 24,664 | 17,987 | 32,287 | 24,720 | 31,920 |
OPM % | 13% | 13% | 15% | 15% | 14% | 11% | 11% | 8% | 7% | 13% | 9% | 9% |
-74 | 213 | -157 | 714 | -2,670 | 1,869 | 5,933 | -26,686 | 102 | -11,118 | 2,424 | 6,224 | |
Interest | 2,982 | 3,560 | 4,749 | 4,861 | 4,889 | 4,238 | 4,682 | 5,759 | 7,243 | 8,097 | 9,312 | 10,225 |
Depreciation | 5,625 | 7,601 | 11,078 | 13,389 | 16,711 | 17,905 | 21,554 | 23,591 | 21,425 | 23,547 | 24,836 | 24,860 |
Profit before tax | 13,534 | 13,647 | 18,869 | 21,703 | 14,126 | 9,315 | 11,155 | -31,371 | -10,580 | -10,474 | -7,003 | 3,058 |
Tax % | -0% | 28% | 25% | 35% | 21% | 35% | 39% | 8% | -4% | -24% | -60% | 23% |
Net Profit | 13,599 | 9,976 | 14,050 | 14,073 | 11,678 | 7,557 | 9,091 | -28,724 | -11,975 | -13,395 | -11,309 | 2,690 |
EPS in Rs | 47.60 | 34.62 | 48.46 | 48.44 | 40.11 | 25.82 | 31.13 | -99.84 | -39.08 | -40.51 | -34.46 | 7.27 |
Dividend Payout % | 9% | 6% | 5% | 0% | 1% | 0% | 0% | 0% | 0% | 0% | 0% | 32% |
Compounded Sales Growth | |
---|---|
10 Years: | 6% |
5 Years: | 3% |
3 Years: | 10% |
TTM: | 24% |
Compounded Profit Growth | |
---|---|
10 Years: | -13% |
5 Years: | -20% |
3 Years: | 31% |
TTM: | 123% |
Stock Price CAGR | |
---|---|
10 Years: | 5% |
5 Years: | 13% |
3 Years: | 81% |
1 Year: | 17% |
Return on Equity | |
---|---|
10 Years: | 5% |
5 Years: | -8% |
3 Years: | -7% |
Last Year: | 6% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
635 | 638 | 644 | 644 | 679 | 679 | 679 | 679 | 720 | 766 | 766 | 766 | |
Reserves | 32,064 | 36,999 | 64,960 | 55,618 | 78,273 | 57,383 | 94,749 | 59,500 | 61,491 | 54,481 | 43,795 | 44,556 |
47,149 | 53,716 | 60,642 | 73,610 | 69,360 | 78,604 | 88,950 | 106,175 | 124,788 | 142,131 | 146,449 | 134,113 | |
62,919 | 76,977 | 92,180 | 107,442 | 114,872 | 135,914 | 142,813 | 139,349 | 133,181 | 144,193 | 138,051 | 156,646 | |
Total Liabilities | 142,766 | 168,330 | 218,426 | 237,315 | 263,184 | 272,580 | 327,192 | 305,703 | 320,179 | 341,570 | 329,061 | 336,081 |
44,360 | 55,512 | 69,092 | 88,479 | 107,232 | 95,944 | 121,414 | 111,234 | 127,107 | 138,708 | 138,855 | 141,134 | |
CWIP | 15,946 | 18,454 | 33,263 | 28,640 | 25,919 | 33,699 | 40,034 | 31,884 | 35,622 | 20,964 | 10,251 | 5,220 |
Investments | 8,918 | 8,765 | 10,687 | 15,337 | 23,767 | 20,338 | 20,813 | 15,771 | 16,308 | 24,620 | 29,380 | 26,379 |
73,542 | 85,600 | 105,385 | 104,858 | 106,266 | 122,600 | 144,932 | 146,814 | 141,141 | 157,278 | 150,575 | 163,348 | |
Total Assets | 142,766 | 168,330 | 218,426 | 237,315 | 263,184 | 272,580 | 327,192 | 305,703 | 320,179 | 341,570 | 329,061 | 336,081 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
18,384 | 22,163 | 36,151 | 35,531 | 37,900 | 30,199 | 23,857 | 18,891 | 26,633 | 29,001 | 14,283 | 35,388 | |
-19,464 | -22,969 | -27,991 | -36,232 | -36,694 | -39,571 | -25,139 | -20,878 | -33,115 | -25,672 | -4,444 | -16,804 | |
6,567 | -1,692 | -3,883 | 5,201 | -3,795 | 6,205 | 2,012 | 8,830 | 3,390 | 9,904 | -3,380 | -26,243 | |
Net Cash Flow | 5,488 | -2,499 | 4,277 | 4,500 | -2,589 | -3,167 | 730 | 6,843 | -3,092 | 13,232 | 6,459 | -7,659 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 18 | 21 | 17 | 17 | 18 | 19 | 25 | 23 | 16 | 19 | 16 | 17 |
Inventory Days | 61 | 64 | 69 | 67 | 73 | 77 | 83 | 73 | 82 | 83 | 71 | 66 |
Days Payable | 122 | 137 | 146 | 131 | 138 | 138 | 151 | 133 | 145 | 175 | 141 | 116 |
Cash Conversion Cycle | -43 | -51 | -60 | -47 | -46 | -41 | -43 | -38 | -48 | -74 | -53 | -34 |
Working Capital Days | -53 | -57 | -41 | -44 | -47 | -50 | -50 | -53 | -68 | -48 | -64 | -3 |
ROCE % | 26% | 21% | 23% | 21% | 15% | 9% | 9% | 2% | -0% | 6% | 1% | 6% |
Documents
Announcements
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Compliances-Reg.24(A)-Annual Secretarial Compliance
9h - CIR/CFD/CMD1/27/2019 dated February 8, 2019, please find enclosed Annual Secretarial Compliance Report dated May 12, 2023 for the financial year ended March 31, 2023, issued …
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 14h
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 1d
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 25 May
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 24 May
Annual reports
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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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Financial Year 2011
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Financial Year 2010
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Financial Year 2010
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Concalls
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May 2023Transcript PPT
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Feb 2023Transcript PPT
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Dec 2022Transcript PPT
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Nov 2022TranscriptNotesPPT
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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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Jan 2022TranscriptPPT
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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 2021Transcript PPT
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Oct 2020TranscriptPPT
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Jul 2020TranscriptPPT
Revenue Mix(FY22)
Jaguar Land Rover - 67%
Tata Commercial Vehicles - 19%
Tata Passenger Vehicles - 11%
Vehicles financing - 2%
Others - 1%[1]