Tata Motors Passenger Vehicles Ltd

Tata Motors PVeh Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Tata Motors Passenger Vehicles Ltd

₹ 357 5.25%
15 May - close price
tatamotors.com BSE: 500570 NSE: TMPV
About

Tata Motors Group is a global automobile manufacturer. Part of the multi-national conglomerate, the Tata group, it offers a wide and diverse portfolio of cars, sports utility vehicles, etc.

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

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]

Website BSE NSE
  • Market Cap ₹ 1,31,297 Cr.
  • Current Price ₹ 357
  • High / Low ₹ 449 / 294
  • Stock P/E 20.6
  • Book Value ₹ 304
  • Dividend Yield 1.68 %
  • ROCE 2.73 %
  • ROE 5.58 %
  • Face Value ₹ 2.00
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Pros

  • Stock is trading at 1.17 times its book value
  • Company has delivered good profit growth of 19.1% CAGR over last 5 years

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 6.08% over past five years.
  • Tax rate seems low
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.86,113 Cr.
  • 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

Consumer Discretionary Automobile and Auto Components Automobiles Passenger Cars & Utility Vehicles

Part of Nifty 50 BSE 500 BSE 100 BSE 200 BSE Dollex 200

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
105,932 102,236 105,129 110,577 119,033 107,102 83,656 94,472 98,377 87,677 72,349 70,108 105,447
92,818 89,019 91,362 95,159 102,348 91,854 73,742 84,070 83,990 79,515 73,753 69,229 94,188
Operating Profit 13,114 13,217 13,767 15,418 16,685 15,248 9,914 10,402 14,387 8,162 -1,404 879 11,259
OPM % 12% 13% 13% 14% 14% 14% 12% 11% 15% 9% -2% 1% 11%
1,453 895 1,557 1,604 1,412 6,553 1,920 2,730 2,361 2,690 81,507 39 1,877
Interest 2,642 2,615 2,652 2,485 1,645 1,471 1,094 843 828 692 686 682 767
Depreciation 7,050 6,633 6,637 6,850 7,143 6,565 5,467 4,863 4,717 4,851 4,871 4,969 5,092
Profit before tax 4,875 4,864 6,035 7,687 9,309 13,765 5,273 7,426 11,203 5,309 74,546 -4,733 7,277
Tax % -13% 32% 36% 7% -88% 23% 33% 26% 24% 25% -2% -26% 19%
5,496 3,301 3,832 7,145 17,528 10,587 3,521 5,484 8,556 4,003 76,248 -3,483 5,878
EPS in Rs 16.28 9.64 11.33 21.14 52.37 31.63 9.36 14.69 23.01 10.66 206.85 -9.47 15.70
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
263,159 273,046 269,693 291,550 301,938 261,068 249,795 278,454 345,967 434,016 439,695 335,582
223,920 234,650 240,104 260,093 277,274 243,081 217,507 253,734 314,151 376,207 383,557 316,685
Operating Profit 39,239 38,395 29,589 31,458 24,664 17,987 32,287 24,720 31,816 57,809 56,138 18,897
OPM % 15% 14% 11% 11% 8% 7% 13% 9% 9% 13% 13% 6%
714 -2,670 1,869 5,933 -26,686 102 -11,118 2,424 6,664 4,807 10,852 86,113
Interest 4,861 4,889 4,238 4,682 5,759 7,243 8,097 9,312 10,225 7,594 5,083 2,827
Depreciation 13,389 16,711 17,905 21,554 23,591 21,425 23,547 24,836 24,860 27,239 23,256 19,784
Profit before tax 21,703 14,126 9,315 11,155 -31,371 -10,580 -10,474 -7,003 3,394 27,783 38,651 82,399
Tax % 35% 21% 35% 39% -8% 4% 24% 60% 21% -14% 27% -0%
14,073 11,678 7,557 9,091 -28,724 -11,975 -13,395 -11,309 2,690 31,807 28,149 82,645
EPS in Rs 48.44 40.11 25.82 31.13 -99.84 -39.08 -40.51 -34.45 7.27 94.47 75.60 223.74
Dividend Payout % 0% 1% 0% 0% 0% 0% 0% 0% 32% 7% 8% 1%
Compounded Sales Growth
10 Years: 2%
5 Years: 6%
3 Years: -1%
TTM: -24%
Compounded Profit Growth
10 Years: -7%
5 Years: 19%
3 Years: 39%
TTM: -77%
Stock Price CAGR
10 Years: 4%
5 Years: 13%
3 Years: 5%
1 Year: -19%
Return on Equity
10 Years: 9%
5 Years: 15%
3 Years: 24%
Last Year: 6%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 644 679 679 679 679 720 766 766 766 767 736 737
Reserves 55,618 78,273 57,383 94,749 59,500 62,359 54,481 43,795 44,556 84,151 115,408 111,331
73,610 69,360 78,604 88,950 106,175 124,788 142,131 146,449 134,113 107,264 71,540 79,109
107,442 114,872 135,914 142,813 139,349 132,313 144,193 138,051 155,239 177,339 189,289 190,745
Total Liabilities 237,315 263,184 272,580 327,192 305,703 320,179 341,570 329,061 334,674 369,521 376,973 381,922
88,479 107,232 95,944 121,414 111,234 127,107 138,708 138,855 132,080 121,285 115,697 180,810
CWIP 28,640 25,919 33,699 40,034 31,884 35,622 20,964 10,251 14,274 35,698 65,806 26,500
Investments 15,337 23,767 20,338 20,813 15,771 16,308 24,620 29,380 26,379 22,971 35,656 26,313
104,858 106,266 122,600 144,932 146,814 141,141 157,278 150,575 161,941 189,567 159,814 148,299
Total Assets 237,315 263,184 272,580 327,192 305,703 320,179 341,570 329,061 334,674 369,521 376,973 381,922

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
35,531 37,900 30,199 23,857 18,891 26,633 29,001 14,283 35,388 67,915 63,102 13,041
-36,232 -36,694 -39,571 -25,139 -20,878 -33,115 -25,672 -4,444 -15,417 -22,781 -49,982 -24,810
5,201 -3,795 6,205 2,012 8,830 3,390 9,904 -3,380 -26,243 -37,006 -18,786 -1,344
Net Cash Flow 4,500 -2,589 -3,167 730 6,843 -3,092 13,232 6,459 -6,272 8,128 -5,666 -13,113
Free Cash Flow 3,643 6,455 14,181 -11,191 -16,346 -2,898 9,146 -655 16,443 36,732 26,034 -23,195
CFO/OP 101% 104% 108% 85% 87% 158% 96% 66% 121% 125% 120% 87%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 17 18 19 25 23 16 19 16 17 14 11 14
Inventory Days 67 73 77 83 73 82 83 71 66 64 63 85
Days Payable 131 138 138 151 133 145 175 141 128 126 131 157
Cash Conversion Cycle -47 -46 -41 -43 -38 -48 -74 -53 -45 -48 -56 -58
Working Capital Days -62 -63 -69 -71 -78 -92 -112 -88 -63 -55 -62 -60
ROCE % 21% 15% 9% 9% 2% -0% 6% 1% 6% 19% 20% 3%

Insights

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Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
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Tata Motors CV Sales & Service Touchpoints
Numbers ・Standalone data
Tata Motors Passenger Vehicle Wholesales (Global)
Units
Tata Motors PV Domestic Vahan Market Share
% ・Standalone data
Tata Motors PV Dealer Network (Network Count)
Numbers ・Standalone data
Tata Motors EV Domestic Vahan Market Share
% ・Standalone data
Tata Motors EV Wholesales (India)
Units
Average Inventory Levels (Domestic PV)
Days ・Standalone data
R&D Expenditure (Percentage of Turnover)
% ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
46.39% 46.38% 46.37% 46.36% 46.36% 42.58% 42.58% 42.58% 42.57% 42.57% 42.56% 42.56%
17.72% 18.40% 18.62% 19.20% 18.18% 20.54% 18.66% 17.84% 17.17% 17.13% 17.88% 17.29%
17.38% 17.37% 17.25% 16.01% 15.93% 16.08% 16.54% 16.88% 16.93% 17.03% 15.08% 16.79%
0.14% 0.14% 0.14% 0.14% 0.14% 0.29% 0.31% 0.31% 0.31% 0.31% 0.31% 0.31%
18.38% 17.70% 17.60% 18.31% 19.39% 20.49% 21.91% 22.39% 23.01% 22.97% 24.14% 23.06%
No. of Shareholders 35,02,40837,73,31441,84,36946,16,90850,98,55057,27,23464,62,12367,28,24667,52,77566,55,77666,73,64663,78,032

* 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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