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 ₹ 2,70,968 Cr.
- Current Price ₹ 736
- High / Low ₹ 1,179 / 718
- Stock P/E 44.8
- Book Value ₹ 83.2
- Dividend Yield 0.41 %
- ROCE 15.7 %
- ROE 19.5 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company has delivered good profit growth of 19.2% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 19.1%
Cons
- Stock is trading at 8.85 times its book value
- Promoter holding has decreased over last quarter: -3.78%
- Company has a low return on equity of 9.73% over last 3 years.
- Earnings include an other income of Rs.6,065 Cr.
* 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
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
44,766 | 34,288 | 36,302 | 42,845 | 44,316 | 57,897 | 69,203 | 43,928 | 30,175 | 47,264 | 65,757 | 73,303 | 71,310 | |
43,057 | 35,184 | 37,539 | 40,460 | 42,706 | 55,523 | 64,263 | 44,579 | 28,821 | 45,765 | 61,226 | 65,688 | 63,366 | |
Operating Profit | 1,708 | -895 | -1,237 | 2,385 | 1,611 | 2,374 | 4,940 | -651 | 1,354 | 1,499 | 4,531 | 7,615 | 7,943 |
OPM % | 4% | -3% | -3% | 6% | 4% | 4% | 7% | -1% | 4% | 3% | 7% | 10% | 11% |
1,672 | 3,293 | 1,478 | 1,469 | 642 | 1,526 | 2,352 | -1,128 | 112 | 1,092 | 538 | 3,958 | 6,065 | |
Interest | 1,388 | 1,353 | 1,612 | 1,592 | 1,569 | 1,744 | 1,794 | 1,973 | 2,111 | 2,122 | 2,048 | 1,706 | 1,428 |
Depreciation | 1,818 | 2,070 | 2,603 | 2,329 | 3,037 | 3,102 | 3,099 | 3,375 | 1,731 | 1,761 | 1,767 | 2,017 | 1,981 |
Profit before tax | 175 | -1,026 | -3,975 | -67 | -2,353 | -947 | 2,399 | -7,127 | -2,375 | -1,292 | 1,255 | 7,851 | 10,599 |
Tax % | -73% | -133% | 19% | -7% | 3% | 9% | 16% | 2% | 1% | 8% | -117% | -1% | |
302 | 335 | -4,739 | -62 | -2,430 | -1,035 | 2,021 | -7,290 | -2,395 | -1,391 | 2,728 | 7,902 | 9,363 | |
EPS in Rs | 1.06 | 1.16 | -16.41 | -0.22 | -8.41 | -3.58 | 7.00 | -23.60 | -7.21 | -4.19 | 8.21 | 23.77 | 28.04 |
Dividend Payout % | 211% | 192% | 0% | -109% | 0% | 0% | 0% | 0% | 0% | 0% | 28% | 29% |
Compounded Sales Growth | |
---|---|
10 Years: | 8% |
5 Years: | 1% |
3 Years: | 34% |
TTM: | 1% |
Compounded Profit Growth | |
---|---|
10 Years: | 20% |
5 Years: | 19% |
3 Years: | 64% |
TTM: | 13% |
Stock Price CAGR | |
---|---|
10 Years: | 4% |
5 Years: | 33% |
3 Years: | 16% |
1 Year: | 2% |
Return on Equity | |
---|---|
10 Years: | -3% |
5 Years: | -1% |
3 Years: | 10% |
Last Year: | 20% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 638 | 644 | 644 | 679 | 679 | 679 | 679 | 720 | 766 | 766 | 766 | 766 | 736 |
Reserves | 18,497 | 18,533 | 14,219 | 22,583 | 20,483 | 19,492 | 21,483 | 17,668 | 18,290 | 19,178 | 21,704 | 29,377 | 29,889 |
16,799 | 15,053 | 21,134 | 16,473 | 19,357 | 18,464 | 18,640 | 26,050 | 22,439 | 23,529 | 19,279 | 14,191 | 13,507 | |
16,251 | 15,505 | 13,946 | 16,941 | 18,359 | 20,577 | 20,107 | 18,152 | 23,565 | 20,427 | 19,971 | 21,700 | 20,793 | |
Total Liabilities | 52,185 | 49,734 | 49,943 | 56,676 | 58,878 | 59,212 | 60,910 | 62,590 | 65,060 | 63,900 | 61,720 | 66,034 | 64,925 |
15,456 | 15,241 | 15,783 | 21,076 | 20,773 | 21,604 | 22,287 | 25,208 | 26,423 | 14,076 | 14,542 | 14,344 | 14,995 | |
CWIP | 4,753 | 6,355 | 6,041 | 5,687 | 7,271 | 5,197 | 6,287 | 4,495 | 3,006 | 1,467 | 1,085 | 1,234 | 541 |
Investments | 19,934 | 18,458 | 16,987 | 16,963 | 17,296 | 16,764 | 16,867 | 16,616 | 17,693 | 34,399 | 32,325 | 32,309 | 33,976 |
12,042 | 9,680 | 11,132 | 12,950 | 13,539 | 15,648 | 15,469 | 16,271 | 17,937 | 13,957 | 13,768 | 18,147 | 15,413 | |
Total Assets | 52,185 | 49,734 | 49,943 | 56,676 | 58,878 | 59,212 | 60,910 | 62,590 | 65,060 | 63,900 | 61,720 | 66,034 | 64,925 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2,258 | 2,463 | -2,214 | 2,703 | 1,453 | 4,134 | 6,293 | -1,455 | 6,680 | 5,282 | 4,775 | 8,662 | |
1,073 | 2,563 | 246 | -3,264 | -2,860 | -710 | -3,822 | -4,637 | -2,988 | -4,681 | 917 | 1,492 | |
-4,046 | -5,034 | 2,632 | -79 | 1,209 | -3,106 | -2,530 | 7,749 | -3,472 | -516 | -7,021 | -7,930 | |
Net Cash Flow | -714 | -7 | 663 | -639 | -198 | 318 | -59 | 1,658 | 220 | 85 | -1,329 | 2,223 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
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 | 15 | 13 | 11 | 17 | 18 | 22 | 17 | 16 | 25 | 16 | 13 | 14 |
Inventory Days | 49 | 54 | 65 | 64 | 65 | 48 | 34 | 43 | 77 | 37 | 22 | 24 |
Days Payable | 94 | 136 | 119 | 113 | 133 | 122 | 97 | 122 | 270 | 141 | 96 | 93 |
Cash Conversion Cycle | -29 | -69 | -43 | -32 | -51 | -51 | -47 | -62 | -168 | -87 | -61 | -55 |
Working Capital Days | -57 | -81 | -50 | -49 | -53 | -60 | -47 | -87 | -165 | -77 | -57 | -53 |
ROCE % | 5% | -3% | -6% | 4% | -1% | 4% | 11% | -6% | -0% | 1% | 8% | 16% |
Documents
Announcements
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Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
13 Dec - Intimation of loss of share certificates for Tata Motors.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
12 Dec - Tata Motors to increase commercial vehicle prices by up to 2%.
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 10 Dec
-
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
5 Dec - Allotment of 1,33,123 shares under incentive scheme.
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Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
3 Dec - Intimation of loss of share certificates for Tata Motors.
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
from nse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from bse
Concalls
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Nov 2024Transcript PPT REC
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Nov 2021Transcript PPT
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May 2021TranscriptPPT
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Feb 2021TranscriptNotesPPT
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Oct 2020TranscriptPPT
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Jul 2020TranscriptPPT
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Jan 2017TranscriptPPT
Revenue Mix(FY24)**
Jaguar Land Rover - 69.1%
Tata Commercial Vehicles - 18%
Tata Passenger Vehicles - 12%
Vehicles financing - 0.8%