Tata Motors Ltd.

•

cv.tatamotors.comBSE: 544569NSE: TMCV

Market Cap₹ 1,59,962 Cr.

Current Price

High / Low₹ 509 / 306

Stock P/E46.0

Book Value₹ 40

Price to Book10.86

Dividend Yield0.92 %

ROCE68.7 %

ROE50.3 %

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

Company has been maintaining a healthy dividend payout of 43.8%
Company comfortably covers its interest (8.9x coverage)
Company maintains a comfortable, low leverage position
Company converts assets efficiently - asset turnover of 3.5x

CONS

Recent results are weak - TTM profit is down 37.8% versus prior year
Stock is trading at 10.9x 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

Standalone Figures in Rs. Crores / View Consolidated

	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	15,371	16,897	19,869	15,682	16,804	20,315	24,281	19,329
	13,877	15,035	17,561	14,292	14,784	17,798	21,145	17,668
Operating Profit	1,494	1,862	2,308	1,390	2,020	2,517	3,136	1,661
OPM %	9.72%	11.02%	11.62%	8.86%	12.02%	12.39%	12.92%	8.59%
	143	282	-32	255	-2,088	-1,273	460	496
Interest	211	220	219	174	186	143	126	68
Depreciation	484	488	532	423	412	417	449	447
Profit before Tax	1,089	1,579	1,655	1,625	-609	773	3,192	1,957
Tax %	40.96%	10.26%	14.26%	13.17%	-67.65%	27.43%	24.62%	21.92%
Net Profit	643	1,417	1,419	1,411	-1,021	561	2,406	1,528
	1.75	3.85	3.85	3.83	-2.77	1.52	6.53	4.15

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2025	Mar 2026	TTM
	0	77,399	80,729
	0	67,483	71,395
Operating Profit	-0	9,916	9,334
OPM %	—	12.81%	11.56%
	0	-2,603	-2,405
Interest	0	629	523
Depreciation	0	1,702	1,725
Profit before Tax	-0	4,982	5,313
Tax %	-0.00%	32.52%	34.61%
Net Profit	-0	3,362	3,474
EPS	-1.57	9.14	—
Dividend Payout %	0.00%	43.78%	—

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:: 50%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2025	Mar 2026
Equity Capital	0	736
	-0	12,631
	0	4,268
Trade Payables	0	14,446
	0	11,615
Total Liabilities	0	43,696
	0	12,078
Capital Work in Progress	0	673
	0	15,159
	0	3,802
	0	1,845
Cash & Bank	0	2,929
	0	7,210
Total Assets	0	43,696

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2025	Mar 2026
	0	11,312
Cash from Investing	0	-8,341
Cash from Financing	0	-2,985
	0	-14

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2025	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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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

15,371

16,897

19,869

15,682

16,804

20,315

24,281

19,329

13,877

15,035

17,561

14,292

14,784

17,798

21,145

17,668

Operating Profit

1,494

1,862

2,308

1,390

2,020

2,517

3,136

1,661

OPM %

9.72%

11.02%

11.62%

8.86%

12.02%

12.39%

12.92%

8.59%

143

282

-32

255

-2,088

-1,273

460

496

Interest

211

220

219

174

186

143

126

Depreciation

484

488

532

423

412

417

449

447

Profit before Tax

1,089

1,579

1,655

1,625

-609

773

3,192

1,957

Tax %

40.96%

10.26%

14.26%

13.17%

-67.65%

27.43%

24.62%

21.92%

Net Profit

643

1,417

1,419

1,411

-1,021

561

2,406

1,528

1.75

3.85

3.83

-2.77

1.52

6.53

4.15

Mar 2025

Mar 2026

TTM

77,399

80,729

67,483

71,395

Operating Profit

-0

9,916

9,334

OPM %

—

12.81%

11.56%

-2,603

-2,405

Interest

629

523

Depreciation

1,702

1,725

Profit before Tax

-0

4,982

5,313

Tax %

-0.00%

32.52%

34.61%

Net Profit

-0

3,362

3,474

EPS

-1.57

9.14

—

Dividend Payout %

0.00%

43.78%

—

Mar 2025

Mar 2026

Equity Capital

736

-0

12,631

4,268

Trade Payables

14,446

11,615

Total Liabilities

43,696

12,078

Capital Work in Progress

673

15,159

3,802

1,845

Cash & Bank

2,929

7,210

Total Assets

43,696

Mar 2025

Mar 2026

11,312

Cash from Investing

-8,341

Cash from Financing

-2,985

-14

Mar 2025

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