Tata Motors Passenger Vehicles Ltd.
•₹ 317.9-0.73%
2026-08-21
ABOUT
KEY POINTS
Revenue Breakup Mar 2021 • Commercial Vehicle: 63.6% • Passenger Vehicle: 35.8% • Corporate / Unallocable: 0.6%
PROS
- Company is almost debt free
- Company has a good return on equity (ROE) track record: 3 Years ROE 20.2%
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.25x)
- Company comfortably covers its interest (21.3x coverage)
- Stock looks reasonably valued - P/E of 28.4 is below its historical median
- Company generates healthy free cash flow
CONS
- A large part of profit comes from other income (117.4% of PBT)
- Recent results are weak - TTM profit is down 99.7% versus prior year
- Promoter holding has decreased over last 2 years: -3.9pp
- Recurring exceptional / one-off items are inflating headline profit
- Operating margins have contracted to 4.5% from 8.1%
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | MARUTI | 13688.20 | 30.02 | 430360.53 | 1.02 | 3446.90 | -9.11 | 52469.80 | 43.27 | 19.03 | 8.41 |
| 2. | M&M | 3412.30 | 22.97 | 424329.34 | 0.97 | 5997.56 | 37.04 | 58187.57 | 27.80 | 16.29 | 18.79 |
| 3. | HYUNDAI | 2178.00 | 35.75 | 176971.45 | 0.96 | 888.62 | -35.10 | 16334.63 | 0.96 | 38.55 | 9.25 |
| 4. | TMPV | 322.00 | 1.50 | 118589.11 | 0.93 | 859.00 | -78.54 | 95799.00 | -7.70 | 0.67 | 6.46 |
| 5. | MERCURYEV | 37.60 | 142.77 | 714.30 | 0.00 | 15.58 | 858.18 | 333.84 | 1379.33 | 5.17 | 9.77 |
| 6. | HINDMOTORS | 14.74 | 0.00 | 307.56 | 0.00 | 0.22 | -94.71 | 0.00 | — | 53.69 | — |
Detailed Comparison with:
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 15,733 | 18,403 | 18,501 | 20,109 | 16,732 | 12,023 | 12,112 | 12,914 | 15,546 | 12,751 | 15,163 | 18,496 | 17,535 | |
| 14,554 | 16,599 | 16,693 | 17,842 | 14,957 | 11,306 | 11,497 | 12,158 | 13,730 | 12,448 | 14,579 | 17,539 | 17,839 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 299 | 580 | 146 | 124 | 1,989 | 292 | 181 | 200 | 5,159 | 332 | 198 | 282 | 458 |
| Interest | 412 | 471 | 412 | 410 | 344 | 89 | 80 | 53 | 220 | 65 | 35 | 77 | 53 |
| Depreciation | 496 | 509 | 513 | 499 | 477 | 634 | 678 | 734 | 431 | 636 | 725 | 734 | 696 |
| 22 | 1,417 | 4,866 | 1,546 | 3,035 | 318 | 67 | 203 | 6,450 | 138 | -495 | 630 | 122 | |
| Tax % | 390.91% | 10.37% | 6.08% | -37.52% | 27.84% | 95.28% | 14.93% | 8.87% | 17.05% | 271.74% | 52.93% | 27.78% | 38.52% |
| Net Profit | -64 | 1,270 | 4,570 | 2,126 | 2,190 | 15 | 57 | 185 | 5,350 | -237 | -233 | 455 | 75 |
| -0 | 3 | 12 | 6 | 6 | 0 | 4 | 0 | 15 | -1 | -1 | 1 | 0 | |
| Equity Capital | 766 | 766 | 766 | 767 | 767 | 736 | 736 | 736 | 736 | 737 | 737 | 737 | 737 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 766 | 766 | 766 | 767 | 767 | 736 | 736 | 736 | 736 | 737 | 737 | 737 | 737 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 15,733
- 14,554
- Operating Profit
- —
- OPM %
- —
- Other Income
- 299
- Interest
- 412
- Depreciation
- 496
- 22
- Tax %
- 390.91%
- Net Profit
- -64
- -0
- Equity Capital
- 766
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 766
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 18,403
- 16,599
- Operating Profit
- —
- OPM %
- —
- Other Income
- 580
- Interest
- 471
- Depreciation
- 509
- 1,417
- Tax %
- 10.37%
- Net Profit
- 1,270
- 3
- Equity Capital
- 766
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 766
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 18,501
- 16,693
- Operating Profit
- —
- OPM %
- —
- Other Income
- 146
- Interest
- 412
- Depreciation
- 513
- 4,866
- Tax %
- 6.08%
- Net Profit
- 4,570
- 12
- Equity Capital
- 766
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 766
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 20,109
- 17,842
- Operating Profit
- —
- OPM %
- —
- Other Income
- 124
- Interest
- 410
- Depreciation
- 499
- 1,546
- Tax %
- -37.52%
- Net Profit
- 2,126
- 6
- Equity Capital
- 767
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 767
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 16,732
- 14,957
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1,989
- Interest
- 344
- Depreciation
- 477
- 3,035
- Tax %
- 27.84%
- Net Profit
- 2,190
- 6
- Equity Capital
- 767
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 767
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 12,023
- 11,306
- Operating Profit
- —
- OPM %
- —
- Other Income
- 292
- Interest
- 89
- Depreciation
- 634
- 318
- Tax %
- 95.28%
- Net Profit
- 15
- 0
- Equity Capital
- 736
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 736
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 12,112
- 11,497
- Operating Profit
- —
- OPM %
- —
- Other Income
- 181
- Interest
- 80
- Depreciation
- 678
- 67
- Tax %
- 14.93%
- Net Profit
- 57
- 4
- Equity Capital
- 736
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 736
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 12,914
- 12,158
- Operating Profit
- —
- OPM %
- —
- Other Income
- 200
- Interest
- 53
- Depreciation
- 734
- 203
- Tax %
- 8.87%
- Net Profit
- 185
- 0
- Equity Capital
- 736
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 736
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 15,546
- 13,730
- Operating Profit
- —
- OPM %
- —
- Other Income
- 5,159
- Interest
- 220
- Depreciation
- 431
- 6,450
- Tax %
- 17.05%
- Net Profit
- 5,350
- 15
- Equity Capital
- 736
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 736
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 12,751
- 12,448
- Operating Profit
- —
- OPM %
- —
- Other Income
- 332
- Interest
- 65
- Depreciation
- 636
- 138
- Tax %
- 271.74%
- Net Profit
- -237
- -1
- Equity Capital
- 737
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 737
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 15,163
- 14,579
- Operating Profit
- —
- OPM %
- —
- Other Income
- 198
- Interest
- 35
- Depreciation
- 725
- -495
- Tax %
- 52.93%
- Net Profit
- -233
- -1
- Equity Capital
- 737
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 737
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 18,496
- 17,539
- Operating Profit
- —
- OPM %
- —
- Other Income
- 282
- Interest
- 77
- Depreciation
- 734
- 630
- Tax %
- 27.78%
- Net Profit
- 455
- 1
- Equity Capital
- 737
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 737
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 17,535
- 17,839
- Operating Profit
- —
- OPM %
- —
- Other Income
- 458
- Interest
- 53
- Depreciation
- 696
- 122
- Tax %
- 38.52%
- Net Profit
- 75
- 0
- Equity Capital
- 737
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 737
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 44,316 | 57,897 | 69,203 | 43,928 | 30,175 | 47,264 | 65,757 | 73,303 | 69,419 | 57,859 | 63,945 | |
| 42,960 | 55,632 | 64,269 | 44,611 | 28,741 | 45,765 | 61,226 | 65,688 | 61,408 | 55,229 | 62,405 | |
| Operating Profit | 2,592 | 4,866 | 7,494 | 732 | 1,874 | 2,159 | 5,352 | 8,765 | 10,807 | 8,497 | — |
| OPM % | 6 | 8 | 11 | 2 | 6 | 5 | 8 | 12 | 16 | 15 | — |
| Other Income | 1,235 | 2,602 | 2,561 | 1,415 | 441 | 660 | 821 | 1,150 | 2,796 | 5,867 | 1,270 |
| Interest | 1,569 | 1,744 | 1,794 | 1,973 | 2,111 | 2,122 | 2,048 | 1,706 | 1,122 | 246 | 230 |
| Depreciation | 3,037 | 3,102 | 3,099 | 3,375 | 1,731 | 1,761 | 1,767 | 2,017 | 2,008 | 2,732 | 2,791 |
| -2,353 | -947 | 2,399 | -7,127 | -2,275 | -1,640 | 1,255 | 7,851 | 7,352 | 4,996 | 395 | |
| Tax % | -3 | -9 | 16 | -2 | -1 | -6 | -117 | -1 | 26 | 23 | 85 |
| Net Profit | -2,430 | -1,035 | 2,021 | -7,290 | -2,295 | -1,739 | 2,728 | 7,902 | 5,452 | 3,839 | 60 |
| EPS | -7 | -3 | 6 | -21 | -7 | -4 | 7 | 21 | 15 | 10 | — |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 28 | 29 | 40 | 29 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | -7 | -3 | 6 | -20 | -6 | -5 | 7 | 21 | 15 | 10 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | -7 | -3 | 6 | -20 | -6 | -5 | 7 | 21 | 15 | 10 | — |
Mar 2017
- 44,316
- 42,960
- Operating Profit
- 2,592
- OPM %
- 6
- Other Income
- 1,235
- Interest
- 1,569
- Depreciation
- 3,037
- -2,353
- Tax %
- -3
- Net Profit
- -2,430
- EPS
- -7
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -7
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -7
Mar 2018
- 57,897
- 55,632
- Operating Profit
- 4,866
- OPM %
- 8
- Other Income
- 2,602
- Interest
- 1,744
- Depreciation
- 3,102
- -947
- Tax %
- -9
- Net Profit
- -1,035
- EPS
- -3
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -3
Mar 2019
- 69,203
- 64,269
- Operating Profit
- 7,494
- OPM %
- 11
- Other Income
- 2,561
- Interest
- 1,794
- Depreciation
- 3,099
- 2,399
- Tax %
- 16
- Net Profit
- 2,021
- EPS
- 6
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
Mar 2020
- 43,928
- 44,611
- Operating Profit
- 732
- OPM %
- 2
- Other Income
- 1,415
- Interest
- 1,973
- Depreciation
- 3,375
- -7,127
- Tax %
- -2
- Net Profit
- -7,290
- EPS
- -21
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -20
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -20
Mar 2021
- 30,175
- 28,741
- Operating Profit
- 1,874
- OPM %
- 6
- Other Income
- 441
- Interest
- 2,111
- Depreciation
- 1,731
- -2,275
- Tax %
- -1
- Net Profit
- -2,295
- EPS
- -7
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -6
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -6
Mar 2022
- 47,264
- 45,765
- Operating Profit
- 2,159
- OPM %
- 5
- Other Income
- 660
- Interest
- 2,122
- Depreciation
- 1,761
- -1,640
- Tax %
- -6
- Net Profit
- -1,739
- EPS
- -4
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -5
Mar 2023
- 65,757
- 61,226
- Operating Profit
- 5,352
- OPM %
- 8
- Other Income
- 821
- Interest
- 2,048
- Depreciation
- 1,767
- 1,255
- Tax %
- -117
- Net Profit
- 2,728
- EPS
- 7
- Dividend Payout %
- 28
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 7
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 7
Mar 2024
- 73,303
- 65,688
- Operating Profit
- 8,765
- OPM %
- 12
- Other Income
- 1,150
- Interest
- 1,706
- Depreciation
- 2,017
- 7,851
- Tax %
- -1
- Net Profit
- 7,902
- EPS
- 21
- Dividend Payout %
- 29
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 21
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 21
Mar 2025
- 69,419
- 61,408
- Operating Profit
- 10,807
- OPM %
- 16
- Other Income
- 2,796
- Interest
- 1,122
- Depreciation
- 2,008
- 7,352
- Tax %
- 26
- Net Profit
- 5,452
- EPS
- 15
- Dividend Payout %
- 40
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 15
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 15
Mar 2026
- 57,859
- 55,229
- Operating Profit
- 8,497
- OPM %
- 15
- Other Income
- 5,867
- Interest
- 246
- Depreciation
- 2,732
- 4,996
- Tax %
- 23
- Net Profit
- 3,839
- EPS
- 10
- Dividend Payout %
- 29
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 10
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 10
TTM
- 63,945
- 62,405
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1,270
- Interest
- 230
- Depreciation
- 2,791
- 395
- Tax %
- 85
- Net Profit
- 60
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 3%
- 5 Years:
- 14%
- 3 Years:
- -4%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- 218%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- —
RETURN ON EQUITY
- 10 Years:
- 1%
- 5 Years:
- 13%
- 3 Years:
- 20%
- Last Year:
- 13%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 679 | 679 | 679 | 719 | 766 | 766 | 766 | 767 | 736 | 737 |
| 20,483 | 19,492 | 21,475 | 16,787 | 18,268 | 19,134 | 21,640 | 29,290 | 32,617 | 24,170 | |
| 5,159 | 3,100 | 3,618 | 6,121 | 2,542 | 6,005 | 6,927 | 8,435 | 4,357 | 368 | |
| Trade Payables | 11,462 | 14,226 | 13,502 | 10,844 | 15,988 | 13,986 | 13,002 | 13,335 | 13,267 | 10,462 |
| 21,095 | 21,716 | 21,636 | 28,118 | 27,495 | 24,009 | 17,959 | 12,698 | 14,443 | 7,574 | |
| Total Liabilities | 58,878 | 59,212 | 60,910 | 62,590 | 65,060 | 63,900 | 60,294 | 64,525 | 65,420 | 43,311 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 20,773 | 21,604 | 22,287 | 25,208 | 26,423 | 14,076 | 14,542 | 14,345 | 14,115 | 15,346 | |
| Capital Work in Progress | 1,903 | 1,371 | 2,147 | 1,756 | 1,401 | 585 | 576 | 645 | 683 | 604 |
| 17,296 | 16,764 | 16,867 | 16,616 | 17,693 | 34,399 | 32,325 | 32,309 | 34,284 | 13,917 | |
| 5,553 | 5,670 | 4,662 | 3,832 | 4,552 | 3,718 | 3,028 | 3,470 | 3,154 | 3,261 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,765 | 2,280 | 454 | |
| Cash & Bank | 327 | 795 | 1,307 | 3,532 | 4,319 | 2,605 | 1,415 | 5,151 | 1,601 | 4,466 |
| 13,027 | 13,008 | 13,640 | 11,646 | 10,672 | 8,516 | 8,408 | 5,840 | 9,303 | 5,263 | |
| Total Assets | 58,878 | 59,212 | 60,910 | 62,590 | 65,060 | 63,900 | 60,294 | 64,525 | 65,420 | 43,311 |
| Total Debt | 19,357 | 18,464 | 18,631 | 25,445 | 21,749 | 23,233 | 18,872 | 13,771 | 8,608 | 2,249 |
| Net Working Capital | -8,781 | -9,471 | -9,874 | -12,433 | -10,618 | -11,373 | -14,304 | -12,155 | -9,524 | -3,202 |
| Contingent Liabilities | 4,500 | 4,787 | 4,021 | 2,809 | 3,673 | 3,504 | 2,757 | 2,813 | 2,470 | 1,077 |
| Book Value per Share | 62.32 | 59.40 | 65.24 | 48.66 | 49.71 | 51.97 | 58.50 | 78.38 | 90.63 | 67.59 |
| Face Value | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 |
| Total Debt | 19,357 | 18,464 | 18,631 | 25,445 | 21,749 | 23,233 | 18,872 | 13,771 | 8,608 | 2,249 |
| Net Working Capital | -8,781 | -9,471 | -9,874 | -12,433 | -10,618 | -11,373 | -14,304 | -12,155 | -9,524 | -3,202 |
| Contingent Liabilities | 4,500 | 4,787 | 4,021 | 2,809 | 3,673 | 3,504 | 2,757 | 2,813 | 2,470 | 1,077 |
| Book Value per Share | 62.32 | 59.40 | 65.24 | 48.66 | 49.71 | 51.97 | 58.50 | 78.38 | 90.63 | 67.59 |
| Face Value | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 |
Mar 2017
- Equity Capital
- 679
- 20,483
- 5,159
- Trade Payables
- 11,462
- 21,095
- Total Liabilities
- 58,878
- 20,773
- Capital Work in Progress
- 1,903
- 17,296
- 5,553
- 0
- Cash & Bank
- 327
- 13,027
- Total Assets
- 58,878
- Total Debt
- 19,357
- Net Working Capital
- -8,781
- Contingent Liabilities
- 4,500
- Book Value per Share
- 62.32
- Face Value
- 2.00
- Total Debt
- 19,357
- Net Working Capital
- -8,781
- Contingent Liabilities
- 4,500
- Book Value per Share
- 62.32
- Face Value
- 2.00
Mar 2018
- Equity Capital
- 679
- 19,492
- 3,100
- Trade Payables
- 14,226
- 21,716
- Total Liabilities
- 59,212
- 21,604
- Capital Work in Progress
- 1,371
- 16,764
- 5,670
- 0
- Cash & Bank
- 795
- 13,008
- Total Assets
- 59,212
- Total Debt
- 18,464
- Net Working Capital
- -9,471
- Contingent Liabilities
- 4,787
- Book Value per Share
- 59.40
- Face Value
- 2.00
- Total Debt
- 18,464
- Net Working Capital
- -9,471
- Contingent Liabilities
- 4,787
- Book Value per Share
- 59.40
- Face Value
- 2.00
Mar 2019
- Equity Capital
- 679
- 21,475
- 3,618
- Trade Payables
- 13,502
- 21,636
- Total Liabilities
- 60,910
- 22,287
- Capital Work in Progress
- 2,147
- 16,867
- 4,662
- 0
- Cash & Bank
- 1,307
- 13,640
- Total Assets
- 60,910
- Total Debt
- 18,631
- Net Working Capital
- -9,874
- Contingent Liabilities
- 4,021
- Book Value per Share
- 65.24
- Face Value
- 2.00
- Total Debt
- 18,631
- Net Working Capital
- -9,874
- Contingent Liabilities
- 4,021
- Book Value per Share
- 65.24
- Face Value
- 2.00
Mar 2020
- Equity Capital
- 719
- 16,787
- 6,121
- Trade Payables
- 10,844
- 28,118
- Total Liabilities
- 62,590
- 25,208
- Capital Work in Progress
- 1,756
- 16,616
- 3,832
- 0
- Cash & Bank
- 3,532
- 11,646
- Total Assets
- 62,590
- Total Debt
- 25,445
- Net Working Capital
- -12,433
- Contingent Liabilities
- 2,809
- Book Value per Share
- 48.66
- Face Value
- 2.00
- Total Debt
- 25,445
- Net Working Capital
- -12,433
- Contingent Liabilities
- 2,809
- Book Value per Share
- 48.66
- Face Value
- 2.00
Mar 2021
- Equity Capital
- 766
- 18,268
- 2,542
- Trade Payables
- 15,988
- 27,495
- Total Liabilities
- 65,060
- 26,423
- Capital Work in Progress
- 1,401
- 17,693
- 4,552
- 0
- Cash & Bank
- 4,319
- 10,672
- Total Assets
- 65,060
- Total Debt
- 21,749
- Net Working Capital
- -10,618
- Contingent Liabilities
- 3,673
- Book Value per Share
- 49.71
- Face Value
- 2.00
- Total Debt
- 21,749
- Net Working Capital
- -10,618
- Contingent Liabilities
- 3,673
- Book Value per Share
- 49.71
- Face Value
- 2.00
Mar 2022
- Equity Capital
- 766
- 19,134
- 6,005
- Trade Payables
- 13,986
- 24,009
- Total Liabilities
- 63,900
- 14,076
- Capital Work in Progress
- 585
- 34,399
- 3,718
- 0
- Cash & Bank
- 2,605
- 8,516
- Total Assets
- 63,900
- Total Debt
- 23,233
- Net Working Capital
- -11,373
- Contingent Liabilities
- 3,504
- Book Value per Share
- 51.97
- Face Value
- 2.00
- Total Debt
- 23,233
- Net Working Capital
- -11,373
- Contingent Liabilities
- 3,504
- Book Value per Share
- 51.97
- Face Value
- 2.00
Mar 2023
- Equity Capital
- 766
- 21,640
- 6,927
- Trade Payables
- 13,002
- 17,959
- Total Liabilities
- 60,294
- 14,542
- Capital Work in Progress
- 576
- 32,325
- 3,028
- 0
- Cash & Bank
- 1,415
- 8,408
- Total Assets
- 60,294
- Total Debt
- 18,872
- Net Working Capital
- -14,304
- Contingent Liabilities
- 2,757
- Book Value per Share
- 58.50
- Face Value
- 2.00
- Total Debt
- 18,872
- Net Working Capital
- -14,304
- Contingent Liabilities
- 2,757
- Book Value per Share
- 58.50
- Face Value
- 2.00
Mar 2024
- Equity Capital
- 767
- 29,290
- 8,435
- Trade Payables
- 13,335
- 12,698
- Total Liabilities
- 64,525
- 14,345
- Capital Work in Progress
- 645
- 32,309
- 3,470
- 2,765
- Cash & Bank
- 5,151
- 5,840
- Total Assets
- 64,525
- Total Debt
- 13,771
- Net Working Capital
- -12,155
- Contingent Liabilities
- 2,813
- Book Value per Share
- 78.38
- Face Value
- 2.00
- Total Debt
- 13,771
- Net Working Capital
- -12,155
- Contingent Liabilities
- 2,813
- Book Value per Share
- 78.38
- Face Value
- 2.00
Mar 2025
- Equity Capital
- 736
- 32,617
- 4,357
- Trade Payables
- 13,267
- 14,443
- Total Liabilities
- 65,420
- 14,115
- Capital Work in Progress
- 683
- 34,284
- 3,154
- 2,280
- Cash & Bank
- 1,601
- 9,303
- Total Assets
- 65,420
- Total Debt
- 8,608
- Net Working Capital
- -9,524
- Contingent Liabilities
- 2,470
- Book Value per Share
- 90.63
- Face Value
- 2.00
- Total Debt
- 8,608
- Net Working Capital
- -9,524
- Contingent Liabilities
- 2,470
- Book Value per Share
- 90.63
- Face Value
- 2.00
Mar 2026
- Equity Capital
- 737
- 24,170
- 368
- Trade Payables
- 10,462
- 7,574
- Total Liabilities
- 43,311
- 15,346
- Capital Work in Progress
- 604
- 13,917
- 3,261
- 454
- Cash & Bank
- 4,466
- 5,263
- Total Assets
- 43,311
- Total Debt
- 2,249
- Net Working Capital
- -3,202
- Contingent Liabilities
- 1,077
- Book Value per Share
- 67.59
- Face Value
- 2.00
- Total Debt
- 2,249
- Net Working Capital
- -3,202
- Contingent Liabilities
- 1,077
- Book Value per Share
- 67.59
- Face Value
- 2.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1,453 | 4,134 | 6,293 | -1,455 | 6,680 | 5,282 | 4,775 | 8,662 | 9,795 | 2,991 | |
| Cash from Investing | -2,859 | -710 | -3,821 | -4,719 | -2,991 | -3,149 | 923 | 1,488 | -3,819 | 2,125 |
| Cash from Financing | 1,209 | -3,106 | -2,530 | 7,749 | -3,472 | -516 | -7,021 | -7,930 | -8,932 | -4,071 |
| -197 | 318 | -58 | 1,576 | 217 | 1,617 | -1,323 | 2,220 | -2,956 | 1,045 | |
| Free Cash Flow | 528 | 1,385 | 3,286 | -7,416 | 3,550 | 5,282 | 4,775 | 6,899 | 8,624 | -4,481 |
| OCF / Net Profit | -0.60 | -3.99 | 3.11 | 0.20 | -2.91 | -3.04 | 1.75 | 1.10 | 1.80 | 0.78 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 1,333 | 6,087 | 9,477 | 13,090 | 29,130 | 21,099 |
| OCF / Net Profit | -0.60 | -3.99 | 3.11 | 0.20 | -2.91 | -3.04 | 1.75 | 1.10 | 1.80 | 0.78 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 1,333 | 6,087 | 9,477 | 13,090 | 29,130 | 21,099 |
Mar 2017
- 1,453
- Cash from Investing
- -2,859
- Cash from Financing
- 1,209
- -197
- Free Cash Flow
- 528
- OCF / Net Profit
- -0.60
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.60
- Cumulative 5-Year FCF
- 0
Mar 2018
- 4,134
- Cash from Investing
- -710
- Cash from Financing
- -3,106
- 318
- Free Cash Flow
- 1,385
- OCF / Net Profit
- -3.99
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -3.99
- Cumulative 5-Year FCF
- 0
Mar 2019
- 6,293
- Cash from Investing
- -3,821
- Cash from Financing
- -2,530
- -58
- Free Cash Flow
- 3,286
- OCF / Net Profit
- 3.11
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 3.11
- Cumulative 5-Year FCF
- 0
Mar 2020
- -1,455
- Cash from Investing
- -4,719
- Cash from Financing
- 7,749
- 1,576
- Free Cash Flow
- -7,416
- OCF / Net Profit
- 0.20
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.20
- Cumulative 5-Year FCF
- 0
Mar 2021
- 6,680
- Cash from Investing
- -2,991
- Cash from Financing
- -3,472
- 217
- Free Cash Flow
- 3,550
- OCF / Net Profit
- -2.91
- Cumulative 5-Year FCF
- 1,333
- OCF / Net Profit
- -2.91
- Cumulative 5-Year FCF
- 1,333
Mar 2022
- 5,282
- Cash from Investing
- -3,149
- Cash from Financing
- -516
- 1,617
- Free Cash Flow
- 5,282
- OCF / Net Profit
- -3.04
- Cumulative 5-Year FCF
- 6,087
- OCF / Net Profit
- -3.04
- Cumulative 5-Year FCF
- 6,087
Mar 2023
- 4,775
- Cash from Investing
- 923
- Cash from Financing
- -7,021
- -1,323
- Free Cash Flow
- 4,775
- OCF / Net Profit
- 1.75
- Cumulative 5-Year FCF
- 9,477
- OCF / Net Profit
- 1.75
- Cumulative 5-Year FCF
- 9,477
Mar 2024
- 8,662
- Cash from Investing
- 1,488
- Cash from Financing
- -7,930
- 2,220
- Free Cash Flow
- 6,899
- OCF / Net Profit
- 1.10
- Cumulative 5-Year FCF
- 13,090
- OCF / Net Profit
- 1.10
- Cumulative 5-Year FCF
- 13,090
Mar 2025
- 9,795
- Cash from Investing
- -3,819
- Cash from Financing
- -8,932
- -2,956
- Free Cash Flow
- 8,624
- OCF / Net Profit
- 1.80
- Cumulative 5-Year FCF
- 29,130
- OCF / Net Profit
- 1.80
- Cumulative 5-Year FCF
- 29,130
Mar 2026
- 2,991
- Cash from Investing
- 2,125
- Cash from Financing
- -4,071
- 1,045
- Free Cash Flow
- -4,481
- OCF / Net Profit
- 0.78
- Cumulative 5-Year FCF
- 21,099
- OCF / Net Profit
- 0.78
- Cumulative 5-Year FCF
- 21,099
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | -7.15 | -3.05 | 5.95 | -20.26 | -6.00 | -4.54 | 7.12 | 20.61 | 14.82 | 10.42 |
| Book Value (₹) | 62.32 | 59.40 | 65.24 | 48.66 | 49.71 | 51.97 | 58.50 | 78.38 | 90.63 | 67.59 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.00 | 6.00 | 6.00 | 3.00 |
| Cash EPS (₹) | 1.79 | 6.09 | 15.07 | -10.88 | -1.47 | 0.06 | 11.74 | 25.86 | 20.27 | 17.83 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 5.28% | 8.29% | 10.83% | 1.67% | 6.21% | 4.57% | 8.14% | 10.39% | 11.54% | 4.55% |
| Net Margin % | -4.95% | -1.76% | 2.92% | -16.59% | -7.61% | -3.68% | 4.15% | 10.78% | 7.85% | 6.64% |
| ROE % | -10.94% | -5.01% | 9.55% | -36.76% | -12.56% | -8.93% | 12.90% | 30.12% | 17.20% | 13.18% |
| ROCE % | -1.95% | 2.02% | 10.56% | -12.18% | -0.39% | 1.15% | 7.81% | 22.42% | 19.72% | 15.14% |
| -4.21% | -1.75% | 3.36% | -11.81% | -3.60% | -2.70% | 4.39% | 12.66% | 8.39% | 7.06% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 16 | 17 | 18 | 22 | 25 | 16 | 12 | 13 | 13 | 9 |
| Inventory Days | 40 | 35 | 27 | 35 | 51 | 32 | 19 | 16 | 17 | 20 |
| Payable Days | 71 | 71 | 71 | 104 | 137 | 71 | 49 | 56 | 75 | 78 |
| -16 | -18 | -26 | -47 | -62 | -23 | -18 | -27 | -44 | -49 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.91x | 0.92x | 0.84x | 1.45x | 1.14x | 1.17x | 0.84x | 0.46x | 0.26x | 0.09x |
| Interest Coverage (x) | -0.50x | 0.46x | 2.34x | -2.61x | -0.08x | 0.23x | 1.61x | 5.60x | 7.55x | 21.31x |
| 0.59x | 0.61x | 0.57x | 0.52x | 0.60x | 0.58x | 0.45x | 0.56x | 0.61x | 0.77x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 3.43% | 30.64% | 19.53% | -36.52% | -31.31% | 56.63% | 39.13% | 11.47% | -5.30% | -16.65% |
| Operating Profit Growth % | -37.19% | 87.76% | 54.01% | -90.23% | 156.11% | 15.18% | 147.91% | 63.77% | 23.30% | -21.38% |
| Net Profit Growth % | -3799.84% | 57.41% | 295.26% | -460.77% | 68.51% | 24.23% | 256.86% | 189.65% | -31.00% | -29.59% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 189.26% | -28.10% | -29.68% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 48.19x | 45.50x | 28.44x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 12.67x | 7.44x | 4.38x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.60% | 0.89% | 1.01% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 44.43x | 23.60x | 12.59x |
Mar 2017
- EPS (₹)
- -7.15
- Book Value (₹)
- 62.32
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.79
- Operating Margin %
- 5.28%
- Net Margin %
- -4.95%
- ROE %
- -10.94%
- ROCE %
- -1.95%
- -4.21%
- Debtor Days
- 16
- Inventory Days
- 40
- Payable Days
- 71
- -16
- Debt to Equity (x)
- 0.91x
- Interest Coverage (x)
- -0.50x
- 0.59x
- Revenue Growth %
- 3.43%
- Operating Profit Growth %
- -37.19%
- Net Profit Growth %
- -3799.84%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- -3.05
- Book Value (₹)
- 59.40
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 6.09
- Operating Margin %
- 8.29%
- Net Margin %
- -1.76%
- ROE %
- -5.01%
- ROCE %
- 2.02%
- -1.75%
- Debtor Days
- 17
- Inventory Days
- 35
- Payable Days
- 71
- -18
- Debt to Equity (x)
- 0.92x
- Interest Coverage (x)
- 0.46x
- 0.61x
- Revenue Growth %
- 30.64%
- Operating Profit Growth %
- 87.76%
- Net Profit Growth %
- 57.41%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 5.95
- Book Value (₹)
- 65.24
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 15.07
- Operating Margin %
- 10.83%
- Net Margin %
- 2.92%
- ROE %
- 9.55%
- ROCE %
- 10.56%
- 3.36%
- Debtor Days
- 18
- Inventory Days
- 27
- Payable Days
- 71
- -26
- Debt to Equity (x)
- 0.84x
- Interest Coverage (x)
- 2.34x
- 0.57x
- Revenue Growth %
- 19.53%
- Operating Profit Growth %
- 54.01%
- Net Profit Growth %
- 295.26%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- -20.26
- Book Value (₹)
- 48.66
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -10.88
- Operating Margin %
- 1.67%
- Net Margin %
- -16.59%
- ROE %
- -36.76%
- ROCE %
- -12.18%
- -11.81%
- Debtor Days
- 22
- Inventory Days
- 35
- Payable Days
- 104
- -47
- Debt to Equity (x)
- 1.45x
- Interest Coverage (x)
- -2.61x
- 0.52x
- Revenue Growth %
- -36.52%
- Operating Profit Growth %
- -90.23%
- Net Profit Growth %
- -460.77%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- -6.00
- Book Value (₹)
- 49.71
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -1.47
- Operating Margin %
- 6.21%
- Net Margin %
- -7.61%
- ROE %
- -12.56%
- ROCE %
- -0.39%
- -3.60%
- Debtor Days
- 25
- Inventory Days
- 51
- Payable Days
- 137
- -62
- Debt to Equity (x)
- 1.14x
- Interest Coverage (x)
- -0.08x
- 0.60x
- Revenue Growth %
- -31.31%
- Operating Profit Growth %
- 156.11%
- Net Profit Growth %
- 68.51%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- -4.54
- Book Value (₹)
- 51.97
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.06
- Operating Margin %
- 4.57%
- Net Margin %
- -3.68%
- ROE %
- -8.93%
- ROCE %
- 1.15%
- -2.70%
- Debtor Days
- 16
- Inventory Days
- 32
- Payable Days
- 71
- -23
- Debt to Equity (x)
- 1.17x
- Interest Coverage (x)
- 0.23x
- 0.58x
- Revenue Growth %
- 56.63%
- Operating Profit Growth %
- 15.18%
- Net Profit Growth %
- 24.23%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 7.12
- Book Value (₹)
- 58.50
- Dividend per Share (₹)
- 2.00
- Cash EPS (₹)
- 11.74
- Operating Margin %
- 8.14%
- Net Margin %
- 4.15%
- ROE %
- 12.90%
- ROCE %
- 7.81%
- 4.39%
- Debtor Days
- 12
- Inventory Days
- 19
- Payable Days
- 49
- -18
- Debt to Equity (x)
- 0.84x
- Interest Coverage (x)
- 1.61x
- 0.45x
- Revenue Growth %
- 39.13%
- Operating Profit Growth %
- 147.91%
- Net Profit Growth %
- 256.86%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 20.61
- Book Value (₹)
- 78.38
- Dividend per Share (₹)
- 6.00
- Cash EPS (₹)
- 25.86
- Operating Margin %
- 10.39%
- Net Margin %
- 10.78%
- ROE %
- 30.12%
- ROCE %
- 22.42%
- 12.66%
- Debtor Days
- 13
- Inventory Days
- 16
- Payable Days
- 56
- -27
- Debt to Equity (x)
- 0.46x
- Interest Coverage (x)
- 5.60x
- 0.56x
- Revenue Growth %
- 11.47%
- Operating Profit Growth %
- 63.77%
- Net Profit Growth %
- 189.65%
- 189.26%
- P/E (x)
- 48.19x
- P/B (x)
- 12.67x
- Dividend Yield %
- 0.60%
- 44.43x
Mar 2025
- EPS (₹)
- 14.82
- Book Value (₹)
- 90.63
- Dividend per Share (₹)
- 6.00
- Cash EPS (₹)
- 20.27
- Operating Margin %
- 11.54%
- Net Margin %
- 7.85%
- ROE %
- 17.20%
- ROCE %
- 19.72%
- 8.39%
- Debtor Days
- 13
- Inventory Days
- 17
- Payable Days
- 75
- -44
- Debt to Equity (x)
- 0.26x
- Interest Coverage (x)
- 7.55x
- 0.61x
- Revenue Growth %
- -5.30%
- Operating Profit Growth %
- 23.30%
- Net Profit Growth %
- -31.00%
- -28.10%
- P/E (x)
- 45.50x
- P/B (x)
- 7.44x
- Dividend Yield %
- 0.89%
- 23.60x
Mar 2026
- EPS (₹)
- 10.42
- Book Value (₹)
- 67.59
- Dividend per Share (₹)
- 3.00
- Cash EPS (₹)
- 17.83
- Operating Margin %
- 4.55%
- Net Margin %
- 6.64%
- ROE %
- 13.18%
- ROCE %
- 15.14%
- 7.06%
- Debtor Days
- 9
- Inventory Days
- 20
- Payable Days
- 78
- -49
- Debt to Equity (x)
- 0.09x
- Interest Coverage (x)
- 21.31x
- 0.77x
- Revenue Growth %
- -16.65%
- Operating Profit Growth %
- -21.38%
- Net Profit Growth %
- -29.59%
- -29.68%
- P/E (x)
- 28.44x
- P/B (x)
- 4.38x
- Dividend Yield %
- 1.01%
- 12.59x
Documents
Announcements
- Disruption of Operations
2026-08-20 - Tata Motors Passenger Vehicles Limited has informed the Exchange about an update on the Temporary Disruption of Operations at Sanand Plants, Gujarat
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-19 - Tata Motors Passenger Vehicles Limited has informed the Exchange about Transcript
Annual Reports
Credit Ratings
- Credit Rating
2025-11-28 - Tata Motors Passenger Vehicles Limited has informed the Exchange about Credit Rating
- Credit Rating
2025-10-23 - Tata Motors Limited has informed the Exchange about Credit Rating
Concalls
Aug 2026
Jun 2026
May 2026