Tata Motors Ltd

₹ 433 2.31%
25 Nov - 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(FY22)
Jaguar Land Rover - 67%
Tata Commercial Vehicles - 19%
Tata Passenger Vehicles - 11%
Vehicles financing - 2%
Others - 1%[1]

  • Market Cap 155,812 Cr.
  • Current Price 433
  • High / Low 528 / 366
  • Stock P/E
  • Book Value 78.8
  • Dividend Yield 0.00 %
  • ROCE 1.40 %
  • ROE -22.3 %
  • Face Value 2.00

Pros

Cons

  • Stock is trading at 5.50 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 0.64% over past five years.
  • Company has a low return on equity of -13.7% over last 3 years.
  • Company might be capitalizing the interest cost

* 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
65,432 71,676 62,493 31,983 53,530 75,654 88,628 66,406 61,379 72,229 78,439 71,935 79,611
58,387 64,282 61,802 31,300 47,432 63,521 75,254 61,164 57,262 65,151 70,156 69,522 74,039
Operating Profit 7,045 7,394 691 683 6,098 12,133 13,374 5,243 4,117 7,078 8,283 2,413 5,572
OPM % 11% 10% 1% 2% 11% 16% 15% 8% 7% 10% 11% 3% 7%
712 899 -2,236 610 638 289 -12,655 584 862 789 189 2,381 1,351
Interest 1,835 1,744 1,953 1,877 1,950 2,126 2,145 2,203 2,327 2,401 2,381 2,421 2,487
Depreciation 5,300 5,199 5,815 5,599 5,601 6,129 6,217 6,202 6,123 6,078 6,432 5,841 5,897
Profit before tax 621 1,350 -9,313 -6,184 -815 4,167 -7,643 -2,579 -3,472 -612 -341 -3,468 -1,461
Tax % 72% -45% -4% -36% 58% 23% 2% -68% -29% -119% -222% -44% 31%
Net Profit -188 1,756 -9,864 -8,444 -307 2,941 -7,585 -4,450 -4,416 -1,451 -992 -4,951 -898
EPS in Rs -0.75 5.63 -32.03 -27.32 -1.02 9.41 -22.91 -13.41 -13.38 -4.57 -3.11 -15.08 -2.84
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
122,128 165,654 188,793 232,834 263,159 273,046 269,693 291,550 301,938 261,068 249,795 278,454 302,214
105,541 143,439 164,197 197,980 223,920 234,650 240,104 260,093 277,274 243,081 217,507 253,734 278,869
Operating Profit 16,586 22,215 24,596 34,853 39,239 38,395 29,589 31,458 24,664 17,987 32,287 24,720 23,346
OPM % 14% 13% 13% 15% 15% 14% 11% 11% 8% 7% 13% 9% 8%
891 -74 213 -157 714 -2,670 1,869 5,933 -26,686 102 -11,118 2,424 4,710
Interest 2,385 2,982 3,560 4,749 4,861 4,889 4,238 4,682 5,759 7,243 8,097 9,312 9,689
Depreciation 4,656 5,625 7,601 11,078 13,389 16,711 17,905 21,554 23,591 21,425 23,547 24,836 24,249
Profit before tax 10,437 13,534 13,647 18,869 21,703 14,126 9,315 11,155 -31,371 -10,580 -10,474 -7,003 -5,882
Tax % 12% -0% 28% 25% 35% 21% 35% 39% 8% -4% -24% -60%
Net Profit 9,322 13,599 9,976 14,050 14,073 11,678 7,557 9,091 -28,724 -11,975 -13,395 -11,309 -8,292
EPS in Rs 32.66 47.60 34.62 48.46 48.44 40.11 25.82 31.13 -99.84 -39.08 -40.51 -34.46 -25.60
Dividend Payout % 14% 9% 6% 5% 0% 1% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 5%
5 Years: 1%
3 Years: -3%
TTM: 3%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -30209%
Stock Price CAGR
10 Years: 5%
5 Years: 1%
3 Years: 38%
1 Year: -6%
Return on Equity
10 Years: 7%
5 Years: -5%
3 Years: -14%
Last Year: -22%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
635 635 638 644 644 679 679 679 679 720 766 766 766
Reserves 18,534 32,064 36,999 64,960 55,618 78,273 57,383 94,749 59,500 61,491 54,481 43,795 25,409
32,811 47,149 53,716 60,642 73,610 69,360 78,604 88,950 106,175 124,788 142,131 146,449 144,354
48,403 62,919 76,977 92,180 107,442 114,872 135,914 142,813 139,349 133,181 144,193 138,051 145,111
Total Liabilities 100,382 142,766 168,330 218,426 237,315 263,184 272,580 327,192 305,703 320,179 341,570 329,061 315,640
35,349 44,360 55,512 69,092 88,479 107,232 95,944 121,414 111,234 127,107 138,708 138,855 133,965
CWIP 11,457 15,946 18,454 33,263 28,640 25,919 33,699 40,034 31,884 35,622 20,964 10,251 1,797
Investments 2,544 8,918 8,765 10,687 15,337 23,767 20,338 20,813 15,771 16,308 24,620 29,380 22,126
51,032 73,542 85,600 105,385 104,858 106,266 122,600 144,932 146,814 141,141 157,278 150,575 157,752
Total Assets 100,382 142,766 168,330 218,426 237,315 263,184 272,580 327,192 305,703 320,179 341,570 329,061 315,640

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
11,240 18,384 22,163 36,151 35,531 37,900 30,199 23,857 18,891 26,633 29,001 14,283
-7,023 -19,464 -22,969 -27,991 -36,232 -36,694 -39,571 -25,139 -20,878 -33,115 -25,672 -4,444
-1,401 6,567 -1,692 -3,883 5,201 -3,795 6,205 2,012 8,830 3,390 9,904 -3,380
Net Cash Flow 2,815 5,488 -2,499 4,277 4,500 -2,589 -3,167 730 6,843 -3,092 13,232 6,459

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 20 18 21 17 17 18 19 25 23 16 19 16
Inventory Days 65 61 64 69 67 73 77 83 73 82 83 71
Days Payable 129 122 137 146 131 138 138 151 133 145 175 141
Cash Conversion Cycle -44 -43 -51 -60 -47 -46 -41 -43 -38 -48 -74 -53
Working Capital Days -38 -53 -57 -41 -44 -47 -50 -50 -53 -68 -48 -64
ROCE % 26% 26% 21% 23% 21% 15% 9% 9% 2% -0% 6% 1%

Shareholding Pattern

Numbers in percentages

7 recently
Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
42.39 42.39 42.39 42.39 42.39 46.41 46.41 46.41 46.40 46.40 46.40 46.40
18.32 16.84 15.62 15.84 15.61 13.78 14.28 13.35 14.57 14.45 13.71 14.13
14.89 13.42 13.22 13.06 12.56 11.91 11.47 13.30 13.64 14.38 15.17 14.75
0.16 0.16 0.16 0.16 0.16 0.15 0.15 0.15 0.14 0.14 0.14 0.14
24.24 27.19 28.60 28.55 29.27 27.75 27.69 26.80 25.24 24.62 24.57 24.58

Documents

Concalls