Tata Motors Ltd

Tata Motors Ltd

₹ 993 0.77%
14 Jun - close price
About

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]

Key Points

Revenue Mix(FY24)
Jaguar Land Rover - 67%
Tata Commercial Vehicles - 19%
Tata Passenger Vehicles - 11%
Vehicles financing - 2%
Others - 1%[1]

  • Market Cap 3,64,190 Cr.
  • Current Price 993
  • High / Low 1,066 / 557
  • Stock P/E 11.3
  • Book Value 255
  • Dividend Yield 0.30 %
  • ROCE 20.1 %
  • ROE 49.4 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 93.1% CAGR over last 5 years

Cons

  • Stock is trading at 3.89 times its book value
  • Tax rate seems low

* 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
88,628 66,406 61,379 72,229 78,439 71,935 79,611 88,489 105,932 102,236 105,128 110,577 119,986
75,254 61,164 57,262 65,151 70,156 69,522 74,039 77,668 92,818 89,018 91,361 95,159 102,851
Operating Profit 13,374 5,243 4,117 7,078 8,283 2,413 5,572 10,820 13,114 13,218 13,767 15,418 17,135
OPM % 15% 8% 7% 10% 11% 3% 7% 12% 12% 13% 13% 14% 14%
-12,655 584 862 789 189 2,381 1,351 1,130 1,453 684 1,507 1,604 1,618
Interest 2,145 2,203 2,327 2,401 2,381 2,421 2,487 2,676 2,642 2,615 2,652 2,485 2,234
Depreciation 6,217 6,202 6,123 6,078 6,432 5,841 5,897 6,072 7,050 6,633 6,636 6,850 7,151
Profit before tax -7,643 -2,579 -3,472 -612 -341 -3,468 -1,461 3,203 4,875 4,653 5,986 7,687 9,369
Tax % 2% -68% -29% -119% -222% -44% 31% 8% -13% 34% 37% 7% -87%
-7,585 -4,450 -4,416 -1,451 -992 -4,951 -898 3,043 5,496 3,301 3,832 7,145 17,529
EPS in Rs -22.91 -13.41 -13.38 -4.57 -3.11 -15.08 -2.84 8.91 16.28 9.64 11.33 21.14 52.37
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
188,793 232,834 263,159 273,046 269,693 291,550 301,938 261,068 249,795 278,454 345,967 437,928
164,197 197,980 223,920 234,650 240,104 260,093 277,274 243,081 217,507 253,734 314,151 378,389
Operating Profit 24,596 34,853 39,239 38,395 29,589 31,458 24,664 17,987 32,287 24,720 31,816 59,538
OPM % 13% 15% 15% 14% 11% 11% 8% 7% 13% 9% 9% 14%
213 -157 714 -2,670 1,869 5,933 -26,686 102 -11,118 2,424 6,664 5,673
Interest 3,560 4,749 4,861 4,889 4,238 4,682 5,759 7,243 8,097 9,312 10,225 9,986
Depreciation 7,601 11,078 13,389 16,711 17,905 21,554 23,591 21,425 23,547 24,836 24,860 27,270
Profit before tax 13,647 18,869 21,703 14,126 9,315 11,155 -31,371 -10,580 -10,474 -7,003 3,394 27,955
Tax % 28% 25% 35% 21% 35% 39% 8% -4% -24% -60% 21% -14%
9,976 14,050 14,073 11,678 7,557 9,091 -28,724 -11,975 -13,395 -11,309 2,690 31,807
EPS in Rs 34.62 48.46 48.44 40.11 25.82 31.13 -99.84 -39.08 -40.51 -34.46 7.27 94.47
Dividend Payout % 6% 5% 0% 1% 0% 0% 0% 0% 0% 0% 32% 15%
Compounded Sales Growth
10 Years: 7%
5 Years: 8%
3 Years: 21%
TTM: 27%
Compounded Profit Growth
10 Years: 8%
5 Years: 93%
3 Years: 128%
TTM: 1266%
Stock Price CAGR
10 Years: 9%
5 Years: 45%
3 Years: 43%
1 Year: 74%
Return on Equity
10 Years: 9%
5 Years: 6%
3 Years: 15%
Last Year: 49%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 638 644 644 679 679 679 679 720 766 766 766 766
Reserves 36,999 64,960 55,618 78,273 57,383 94,749 59,500 61,491 54,481 43,795 44,556 84,152
53,716 60,642 73,610 69,360 78,604 88,950 106,175 124,788 142,131 146,449 134,113 107,262
76,977 92,180 107,442 114,872 135,914 142,813 139,349 133,181 144,193 138,051 155,239 177,340
Total Liabilities 168,330 218,426 237,315 263,184 272,580 327,192 305,703 320,179 341,570 329,061 334,674 369,521
55,512 69,092 88,479 107,232 95,944 121,414 111,234 127,107 138,708 138,855 132,080 121,285
CWIP 18,454 33,263 28,640 25,919 33,699 40,034 31,884 35,622 20,964 10,251 14,274 35,698
Investments 8,765 10,687 15,337 23,767 20,338 20,813 15,771 16,308 24,620 29,380 26,379 22,971
85,600 105,385 104,858 106,266 122,600 144,932 146,814 141,141 157,278 150,575 161,941 189,566
Total Assets 168,330 218,426 237,315 263,184 272,580 327,192 305,703 320,179 341,570 329,061 334,674 369,521

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
22,163 36,151 35,531 37,900 30,199 23,857 18,891 26,633 29,001 14,283 35,388 67,915
-22,969 -27,991 -36,232 -36,694 -39,571 -25,139 -20,878 -33,115 -25,672 -4,444 -15,417 -22,782
-1,692 -3,883 5,201 -3,795 6,205 2,012 8,830 3,390 9,904 -3,380 -26,243 -37,006
Net Cash Flow -2,499 4,277 4,500 -2,589 -3,167 730 6,843 -3,092 13,232 6,459 -6,272 8,128

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 21 17 17 18 19 25 23 16 19 16 17 14
Inventory Days 64 69 67 73 77 83 73 82 83 71 66 64
Days Payable 137 146 131 138 138 151 133 145 175 141 128 126
Cash Conversion Cycle -51 -60 -47 -46 -41 -43 -38 -48 -74 -53 -45 -48
Working Capital Days -57 -41 -44 -47 -50 -50 -53 -68 -48 -32 -24 -24
ROCE % 21% 22% 21% 15% 9% 9% 2% -0% 6% 1% 6% 20%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
46.41% 46.41% 46.40% 46.40% 46.40% 46.40% 46.39% 46.39% 46.39% 46.38% 46.37% 46.36%
14.28% 13.35% 14.57% 14.45% 13.71% 14.13% 13.89% 15.34% 17.72% 18.40% 18.62% 19.20%
11.47% 13.30% 13.64% 14.38% 15.17% 14.75% 15.21% 17.69% 17.38% 17.37% 17.25% 16.01%
0.15% 0.15% 0.14% 0.14% 0.14% 0.14% 0.14% 0.14% 0.14% 0.14% 0.14% 0.14%
27.69% 26.80% 25.24% 24.62% 24.57% 24.58% 24.36% 20.41% 18.38% 17.70% 17.60% 18.31%
No. of Shareholders 20,80,87526,95,59032,52,51337,97,10040,08,50639,76,83039,93,04338,14,83135,02,40837,73,31441,84,36946,16,908

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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