Tata Motors Ltd.

•

cv.tatamotors.comBSE: 544569NSE: TMCV

Market Cap₹ 1,59,962 Cr.

Current Price

High / Low₹ 509 / 306

Stock P/E38.2

Book Value₹ 41

Price to Book11.43

Dividend Yield0.92 %

ROCE31.5 %

ROE23.9 %

Face Value₹ 2

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Commercial Vehicle: 98.5% • Others: 1.2% • Corporate / Unallocable: 0.3%

AI Sector View

AI GENERATED

Capital Goods

Buy

Capital goods is supported by strong public capex and still-expansionary industrial activity. Capital expenditure rose 66% YoY (2026-06), GST collections grew 8% YoY (2026-07), and the core industries Overall Index increased 5.4% YoY (2026-07). E-way bills slowed to 6% YoY (2026-07) and sector FPI flows show INR -9697 crore net outflow over 3 months to 2026-08-31, but the investment cycle and fiscal impulse remain favorable.

Confidence

72%

View full sector analysis →

PROS

Latest quarter profit grew 83.0% YoY, showing strong momentum
Company has been maintaining a healthy dividend payout of 48.6%
Company comfortably covers its interest (6.3x coverage)
Company maintains a comfortable, low leverage position
Company converts assets efficiently - asset turnover of 1.6x

CONS

A large part of profit comes from other income (26.2% of PBT)
Stock is trading at 11.4x its book value

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Capital GoodsAutomobile & AncillariesAutomobiles-Trucks/Lcv

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	TMCV	434.35	38.17	159961.96	0.92	25560.00	1729.63	206670.00	1092.97	31.55	15.95
2.	ASHOKLEY	163.95	27.71	96301.85	2.13	667.77	1.53	13069.59	12.12	14.10	18.49
3.	FORCEMOT	17705.00	18.64	23328.57	0.28	216.59	22.81	2440.01	6.21	41.93	13.63
4.	OLECTRA	1210.30	55.99	9934.23	0.05	26.66	2.44	575.51	65.75	21.12	12.29
5.	SMLMAH	6591.10	60.98	9538.41	0.36	63.62	-4.99	957.54	13.20	31.21	10.45

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	17,402	18,697	21,689	17,324	18,491	21,732	25,974	20,667
	15,828	16,786	19,432	15,982	18,568	18,966	23,466	18,038
Operating Profit	1,574	1,911	2,257	1,342	-77	2,766	2,508	2,629
OPM %	9.04%	10.22%	10.41%	7.75%	-0.42%	12.73%	9.66%	12.72%
	186	368	6	312	162	-1,309	560	475
Interest	408	352	319	254	256	198	166	135
Depreciation	541	557	592	480	472	483	510	508
Profit before Tax	944	1,492	1,526	1,674	-549	891	2,516	2,970
Tax %	49.36%	11.80%	16.51%	16.55%	-55.74%	24.69%	32.99%	13.94%
Net Profit	0	0	0	1,397	-867	705	1,793	2,556
	1.35	3.68	3.65	3.79	-2.35	1.91	4.87	6.95

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2026	TTM
	83,855	86,864
	76,338	79,038
Operating Profit	7,517	7,826
OPM %	8.96%	9.01%
	-204	-112
Interest	874	755
Depreciation	1,945	1,973
Profit before Tax	4,663	5,828
Tax %	35.02%	30.37%
Net Profit	3,030	4,058
EPS	8.23	—
Dividend Payout %	48.58%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: —

RETURN ON EQUITY

10 Years:: —
5 Years:: —
3 Years:: —
Last Year:: 24%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2026
Equity Capital	736
	11,966
	7,405
Trade Payables	15,704
	16,498
Total Liabilities	52,309
	13,962
Capital Work in Progress	712
	13,283
	5,448
	2,721
Cash & Bank	7,776
	8,407
Total Assets	52,309

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2026
	14,981
Cash from Investing	-3,451
Cash from Financing	-5,223
	6,307

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2026

Shareholding Pattern

Numbers in percentages

Nov 2025	Dec 2025	Mar 2026	Jun 2026
42.56	42.56	42.56	42.56
17.82	18.29	19.03	18.58
15.96	16.91	17.58	18.19
0.05	0.05	0.05	0.05
23.35	21.92	20.52	20.35

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-09

General Updates

2026-09-09 - Tata Motors Limited has informed the Exchange about notices to Shareholders and Creditors regarding Composite Scheme of Amalgamation amongst Tata Motors Limited, TMF Holdings Limited and TMF Business Services Limited.

2026-09-09

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-09 - Tata Motors Limited has informed the Exchange about Schedule of meet

2026-09-07

ESOP/ESOS/ESPS

2026-09-07 - Tata Motors Limited has informed the Exchange regarding Allotment of 89048 Shares.

2026-09-05

Press Release

2026-09-05 - Tata Motors Limited has informed the Exchange regarding a press release dated September 05, 2026, titled "Tata Motors launches recommended all-cash Voluntary totalitariantender offer for IVECO Group Common shares .

2026-09-05

Press Release

2026-09-05 - Tata Motors Limited has informed the Exchange regarding a press release dated September 05, 2026, titled "TML CV Holdings B.V., an Indirect Wholly Owned Subsidiary of Tata Motors Limited Voluntary Totalitarian Tender Offer for all the common shares of Iveco Group N.V.".

2026-09-04

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-04 - Tata Motors Limited has informed the Exchange about Schedule of meet

2026-09-04

Press Release

2026-09-04 - Tata Motors Limited has informed the Exchange regarding a press release dated September 04, 2026, titled "TML CV Holdings B.V., an Indirect Wholly Owned Subsidiary of Tata Motors Limited Voluntary Totalitarian Tender Offer for all the common shares of Iveco Group N.V.".

2026-09-01

Press Release

2026-09-01 - Tata Motors Limited has informed the Exchange regarding a press release dated September 01, 2026, titled "TML CV Holdings B.V., an Indirect Wholly Owned Subsidiary of Tata Motors Limited Voluntary Totalitarian Tender Offer for all the common shares of Iveco Group N.V.".

2026-09-01

Press Release

2026-09-01 - Tata Motors Limited has informed the Exchange regarding a press release dated September 01, 2026, titled "Tata Motors Limited Monthly Sales - August 2026".

News

Recent coverage and analyst commentary for TMCV

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Tata Motors Ltd.

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Name

TMCV

434.35

38.17

159961.96

0.92

25560.00

1729.63

206670.00

1092.97

31.55

15.95

ASHOKLEY

163.95

27.71

96301.85

2.13

667.77

1.53

13069.59

12.12

14.10

18.49

FORCEMOT

17705.00

18.64

23328.57

0.28

216.59

22.81

2440.01

6.21

41.93

13.63

OLECTRA

1210.30

55.99

9934.23

0.05

26.66

2.44

575.51

65.75

21.12

12.29

SMLMAH

6591.10

60.98

9538.41

0.36

63.62

-4.99

957.54

13.20

31.21

10.45

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

17,402

18,697

21,689

17,324

18,491

21,732

25,974

20,667

15,828

16,786

19,432

15,982

18,568

18,966

23,466

18,038

Operating Profit

1,574

1,911

2,257

1,342

-77

2,766

2,508

2,629

OPM %

9.04%

10.22%

10.41%

7.75%

-0.42%

12.73%

9.66%

12.72%

186

368

312

162

-1,309

560

475

Interest

408

352

319

254

256

198

166

135

Depreciation

541

557

592

480

472

483

510

508

Profit before Tax

944

1,492

1,526

1,674

-549

891

2,516

2,970

Tax %

49.36%

11.80%

16.51%

16.55%

-55.74%

24.69%

32.99%

13.94%

Net Profit

1,397

-867

705

1,793

2,556

1.35

3.68

3.65

3.79

-2.35

1.91

4.87

6.95

Mar 2026

TTM

83,855

86,864

76,338

79,038

Operating Profit

7,517

7,826

OPM %

8.96%

9.01%

-204

-112

Interest

874

755

Depreciation

1,945

1,973

Profit before Tax

4,663

5,828

Tax %

35.02%

30.37%

Net Profit

3,030

4,058

EPS

8.23

—

Dividend Payout %

48.58%

—

Mar 2026

Equity Capital

736

11,966

7,405

Trade Payables

15,704

16,498

Total Liabilities

52,309

13,962

Capital Work in Progress

712

13,283

5,448

2,721

Cash & Bank

7,776

8,407

Total Assets

52,309

Mar 2026

14,981

Cash from Investing

-3,451

Cash from Financing

-5,223

6,307

Mar 2026

Nov 2025

Dec 2025

Mar 2026

Jun 2026

42.56

17.82

18.29

19.03

18.58

15.96

16.91

17.58

18.19

0.05

23.35

21.92

20.52

20.35

Tata Motors Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Tata Motors Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI