---
title: "Tata Motors Ltd (TMCV) — Share Price, Financials & Analysis"
symbol: "TMCV"
company: "Tata Motors Ltd"
canonical: "https://tapetide.com/stocks/TMCV"
isin: "INE1TAE01010"
nse_symbol: "TMCV"
bse_code: "544569"
sector: "Industrials"
industry: "Agricultural, Commercial & Construction Vehicles"
market_cap_cr: 158623.21
generated_at: "2026-09-13T19:02:46.315Z"
---

# Tata Motors Ltd (TMCV)

Canonical page: https://tapetide.com/stocks/TMCV

## Company

- **NSE Symbol:** TMCV
- **BSE Code:** 544569
- **ISIN:** INE1TAE01010
- **Sector:** Industrials
- **Industry:** Agricultural, Commercial & Construction Vehicles
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2025-11-12
- **Face Value:** ₹2
- **F&O Eligible:** No
- **Website:** cv.tatamotors.com

## About

Founded in 1945, Tata Motors Ltd is one of India's largest automobile manufacturers and a part of the Tata Group.[1]

## Latest Price

- **Price:** ₹434.55
- **Change:** -4.7 (-1.07%)
- **Open:** ₹436
- **Day High:** ₹436.95
- **Day Low:** ₹425.35
- **Previous Close:** ₹439.25
- **Volume:** 7109495
- **As Of:** 2026-09-11T10:28:14+00:00

## Key Fundamentals

Observed at 2026-09-11T04:33:48.238056Z.

- **Market Cap:** ₹158623.21 Cr
- **Classification:** Largecap
- **P/E (reported):** 38.7
- **Book Value:** ₹34.58
- **Price to Book:** 12.71
- **Dividend Yield:** 0.91%
- **ROE:** 23.79%
- **ROCE:** 25.51%
- **Debt to Equity:** 0.44
- **Revenue (yearly):** ₹84979 Cr
- **Net Income:** ₹3030 Cr
- **EBITDA:** ₹8741 Cr
- **52-Week High:** ₹509
- **52-Week Low:** ₹306.3
- **RSI (14):** 40.24

## Tapetide Score

- **Score:** 48 / 100
- **Score date:** 2026-09-04
- **Archetype:** Cheap but Weak
- **What it means:** A low multiple sitting on weak financials. Worth establishing what the market is discounting before treating the low valuation as an opportunity — weak fundamentals often justify it.
- **Pillar profile:** Quality: Weak · Valuation: Cheap · Momentum: Falling
- **Percentile:** 39.4 (of 4473 scored stocks)
- **Confidence:** 91%
- **Data coverage:** 81%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 14.96 | 9% |
| growth | 43.71 | 9% |
| momentum | 33.66 | 12% |
| ownership | 48.49 | 24% |
| quality | 48.16 | 22% |
| valuation | 69.85 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company has reduced debt.

### Weaknesses

- Stock is trading at 12.6 times its book value

## Growth Rates

| Metric | QoQ | 1Y |
| --- | --- | --- |
| cash flow growth | — | 75.28% |
| ebitda margin growth | 10.93% | -13.75% |
| net income growth | 42.55% | -5.16% |
| revenue growth | -21.17% | 43.8% |
| roce | 11.33% | 4.55% |
| roe | 42.55% | -21.56% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 17535 | 18819 | 21863 | 17324 | 18585 | 21847 | 26098 | 20667 |
| Expenses | 15828 | 16786 | 19432 | 15248 | 16553 | 19260 | 22771 | 17395 |
| Operating Profit | 1707 | 2033 | 2431 | 2076 | 2032 | 2587 | 3327 | 3272 |
| OPM % | 10 | 11 | 11 | 12 | 11 | 12 | 13 | 16 |
| Other Income | 206 | 407 | 72 | 332 | -1865 | -981 | -28 | 341 |
| Interest | 408 | 352 | 319 | 254 | 256 | 198 | 166 | 135 |
| Depreciation | 541 | 557 | 592 | 480 | 472 | 483 | 510 | 508 |
| Profit before tax | 964 | 1531 | 1592 | 1674 | -561 | 925 | 2623 | 2970 |
| Tax % | 48 | 12 | 16 | 17 | 55 | 24 | 32 | 14 |
| Net Profit | 498 | 1355 | 1340 | 1397 | -867 | 705 | 1793 | 2556 |
| EPS in Rs | — | — | — | — | — | 1.91 | 4.87 | 6.95 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2025 10m | Mar 2026 | TTM |
| --- | --- | --- | --- |
| Sales | 58217 | 83855 | 87197 |
| Expenses | 52045 | 76238 | 75979 |
| Operating Profit | 6172 | 7617 | 11218 |
| OPM % | 11 | 9 | 13 |
| Other Income | 685 | -135 | -2533 |
| Interest | 1079 | 874 | 755 |
| Depreciation | 1690 | 1945 | 1973 |
| Profit before tax | 4088 | 4663 | 5957 |
| Tax % | 22 | 35 | — |
| Net Profit | 3195 | 3030 | 4187 |
| EPS in Rs | — | 8.23 | — |
| Dividend Payout % | 0 | 49 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2025 | Mar 2026 |
| --- | --- | --- |
| Equity Capital | 0 | 736 |
| Reserves | 10533 | 11998 |
| Borrowings | 9925 | 5615 |
| Other Liabilities | 26393 | 33960 |
| Total Liabilities | 46851 | 52309 |
| Fixed Assets | 13664 | 13962 |
| CWIP | 1875 | 2026 |
| Investments | 5282 | 13283 |
| Other Assets | 26030 | 23038 |
| Total Assets | 46851 | 52309 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2025 | Mar 2026 |
| --- | --- | --- |
| Cash from Operating Activity | 8547 | 14981 |
| Cash from Investing Activity | 456 | -3892 |
| Cash from Financing Activity | -7970 | -5223 |
| Net Cash Flow | 1033 | 5866 |
| Free Cash Flow | 7005 | 12878 |
| CFO/OP | 139 | 209 |

### Ratios

| Item | Mar 2025 | Mar 2026 |
| --- | --- | --- |
| Debtor Days | 19 | 12 |
| Inventory Days | 43 | 35 |
| Days Payable | 134 | 101 |
| Cash Conversion Cycle | -72 | -54 |
| Working Capital Days | -44 | -89 |
| ROCE % | — | 36 |

## Shareholding Pattern

### Quarterly

| Category | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- |
| Promoters | 42.56% | 42.56% | 42.56% |
| FIIs | 18.29% | 19.03% | 18.58% |
| DIIs | 16.91% | 17.58% | 18.19% |
| Government | 0.31% | 0.31% | 0.31% |
| Public | 19.08% | 18.04% | 17.89% |
| Others | 2.84% | 2.48% | 2.46% |
| No. of Shareholders | 6103190 | 5705070 | 5545820 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Neutral
- **Buy / Neutral / Sell:** 8 / 3 / 8

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 453.59 | Sell |
| EMA (10) | 451.4 | Sell |
| SMA (20) | 463.98 | Sell |
| EMA (20) | 455.25 | Sell |
| SMA (50) | 443.65 | Sell |
| EMA (50) | 445.81 | Sell |
| SMA (100) | 421.8 | Buy |
| EMA (100) | 433.52 | Buy |
| SMA (200) | 424.79 | Buy |
| EMA (200) | 422.04 | Buy |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 38.09 | Neutral |
| MACD (12,26,9) | -1.22 | Sell |
| Stochastic (14,3,3) | 7.21 | Buy |
| ADX (14) | 26.77 | Buy |
| Williams %R (14) | -85.11 | Buy |
| ATR (14) | 13.02 | Neutral |
| ROC (12) | -10.17 | Sell |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 44.67 | Neutral |

## Analyst Ratings

| Recommendation | Analysts | Share |
| --- | --- | --- |
| Buy | 16 | 84.21% |
| Hold | 3 | 15.79% |
| Sell | 0 | 0% |

Based on 19 analyst ratings, observed at 2026-09-11T04:33:48.254847+00:00.

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-09 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e4e8e47d-9153-4450-9842-0737fb5a0d6f.pdf) |
| 2026-09-09 | [Notices To Shareholders And Creditors Regarding Composite Scheme Of Amalgamation Amongst Tata Motors Limited TMF Holdings Limited And TMF Business Services Limited](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4c633085-513f-438b-856e-55b8f25bccb1.pdf) |
| 2026-09-07 | [Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4044cc09-6d94-485f-9052-07ba4fc582ab.pdf) |
| 2026-09-05 | [Announcement under Regulation 30 (LODR)-Press Release / Media Release](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=91f7236a-efb8-4310-a500-426c2ea0e521.pdf) |
| 2026-09-05 | [Announcement under Regulation 30 (LODR)-Press Release / Media Release](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=211f4d62-87d0-4f5c-bb2c-de2136a637a2.pdf) |
| 2026-09-04 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3427d2be-ad68-4534-b243-bc6b4adedc08.pdf) |
| 2026-09-04 | [Announcement under Regulation 30 (LODR)-Press Release / Media Release](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3be8bbc6-be00-4301-a25a-2277361f5627.pdf) |
| 2026-09-01 | [Announcement under Regulation 30 (LODR)-Press Release / Media Release](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=52aa145c-d871-4c89-bf61-6cedb4c004d0.pdf) |
| 2026-09-01 | [Announcement under Regulation 30 (LODR)-Press Release / Media Release](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3c4e1e70-9958-4dd2-a197-64b2e46d0823.pdf) |
| 2026-08-28 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a10c3d33-63cb-4065-9915-ea1c14f2cade.pdf) |

### Earnings Call Transcripts

| Date | Document |
| --- | --- |
| 2026-08-18 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1cafeb07-b4c3-405c-bf40-f071ef9fdc2a.pdf) |
| 2026-05-19 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8750a2fe-b7eb-4623-a4e0-761ad925095d.pdf) |
| 2026-02-03 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f6959c78-04b5-44bc-bfda-3e2841220bd9.pdf) |
| 2025-11-18 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=de69063f-f7db-4e86-948e-d57b85c6c447.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-12 | [Outcome Of The Board Meeting - Results](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=903da067-9a25-45d8-b266-1306db4706a9.pdf) |
| 2026-05-13 | [Intimation Of Outcome Of Board Meeting Under Regulations 33 And 52 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9917a250-9de1-4ce9-9a18-7043e73f8bed.pdf) |
| 2026-01-29 | [Intimation Of Outcome Of Board Meeting Under Regulations 33 And 52 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=32817018-58ca-4e63-b5b2-30910abd0f7e.pdf) |
| 2025-11-13 | [The Board Of Directors At Is Meeting Held On November 13 2025 Approved The Financial Results For The Second Quarter And Half Year Ended September 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fae994f5-307f-42b1-af81-ca9d9484b361.pdf) |

### Investor Presentations

| Date | Document |
| --- | --- |
| 2026-08-12 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d6811390-f13f-4512-ba90-c485f42bba13.pdf) |
| 2026-06-23 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5715fdb0-e972-4e46-b3de-39aca7a034ab.pdf) |
| 2026-05-13 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=de2b8a83-d95f-4c72-a6b8-011f36cd4ecc.pdf) |
| 2026-01-29 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8f6f6fda-20e3-4603-a325-7b9d7de97051.pdf) |
| 2026-01-29 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a3053a41-2c61-4a29-971e-91224e8f569b.pdf) |
| 2025-11-13 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d32c4732-4350-4138-a3c8-16cff9d2b0e5.pdf) |

### Earnings Call Recordings

| Date | Document |
| --- | --- |
| 2026-08-12 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cdeb51c8-c1b3-42c7-9dd9-b201c9d069e6.pdf) |
| 2026-05-13 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=08c25641-4ac4-41a4-a3e9-5b1d48bf5aba.pdf) |
| 2026-01-29 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9d1498d6-c3e5-4411-b661-2e087fd70bef.pdf) |
| 2025-11-13 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=689bb357-4558-4618-9e9a-438be81e067c.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 8 Apr - Tata Motors Investor Day scheduled for June 23, 2026 in Mumbai; registration closes May 30. | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 8 Apr - Tata Motors Investor Day scheduled for June 23, 2026 in Mumbai; registration closes May 30.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/65d905f5-e948-46f7-b3cd-3b89fbacfa21.pdf) |
| 8 Apr - Certificate for the quarter ended March 31, 2026 under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 8 Apr - Certificate for the quarter ended March 31, 2026 under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e67ad057-7e97-414c-8836-f63bf3120f94.pdf) |
| 7h - Board meets May 13, 2026 to approve Q4/FY26 audited results and consider dividend. | [Board Meeting Intimation for Tata Motors Limited (Formerly TML Commercial Vehicles Limited) Is Scheduled To Be Held On Wednesday, May 13, 2026. 7h - Board meets May 13, 2026 to approve Q4/FY26 audited results and consider dividend.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/b60026da-5229-41c6-ab56-a8d9aa5090bb.pdf) |
| 6 Apr - Tata Motors released January-March 2026 SIAM production, domestic sales and export data. | [SIAM Report - January To March 2026 6 Apr - Tata Motors released January-March 2026 SIAM production, domestic sales and export data.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cc540534-c328-481b-a7e4-56bfd554b2c1.pdf) |
| 5 May - Q4FY26 financial results conference call on May 13, 2026 at 6:30 p.m. IST. | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 5 May - Q4FY26 financial results conference call on May 13, 2026 at 6:30 p.m. IST.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/c4b0860a-1908-46e5-bb73-f678d7279043.pdf) |
| 27 Apr - Board meets May 13, 2026 to approve Q4/FY26 audited results and consider dividend. | [Board Meeting Intimation for Tata Motors Limited (Formerly TML Commercial Vehicles Limited) Is Scheduled To Be Held On Wednesday, May 13, 2026. 27 Apr - Board meets May 13, 2026 to approve Q4/FY26 audited results and consider dividend.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b60026da-5229-41c6-ab56-a8d9aa5090bb.pdf) |
| 24 Mar - Trading window closed from March 25, 2026 until 48 hours after audited FY2026 results declared. | [Closure of Trading Window 24 Mar - Trading window closed from March 25, 2026 until 48 hours after audited FY2026 results declared.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1599994b-76b4-4569-ac69-2d0ec283124f.pdf) |
| 2 Mar - Tata Motors clarifies 70,000-vehicle order to Indonesian state firm; media's import-hold reflects policy debate; deliveries will proceed. | [Rumour verification - Regulation 30(11) 2 Mar - Tata Motors clarifies 70,000-vehicle order to Indonesian state firm; media's import-hold reflects policy debate; deliveries will proceed.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a040f54a-3572-4844-a4ae-142dd5e2aad0.pdf) |
| 2 Mar - MoU to deploy 40 hydrogen-powered prime movers at VOC Port; trials and phased deployment over two years. | [Rumour verification - Regulation 30(11) 2 Mar - MoU to deploy 40 hydrogen-powered prime movers at VOC Port; trials and phased deployment over two years.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/eb412dfe-1825-4804-9ab3-7fab49076694.pdf) |
| 16 Mar - Tata Motors to raise commercial-vehicle prices up to 1.5% effective April 1, 2026. | [Announcement under Regulation 30 (LODR)-Press Release / Media Release 16 Mar - Tata Motors to raise commercial-vehicle prices up to 1.5% effective April 1, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d9d5cc57-ee3f-40f6-a57a-a62157fb166f.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/de69063f-f7db-4e86-948e-d57b85c6c447.pdf) |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8750a2fe-b7eb-4623-a4e0-761ad925095d.pdf) |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachLive/8750a2fe-b7eb-4623-a4e0-761ad925095d.pdf) |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/de2b8a83-d95f-4c72-a6b8-011f36cd4ecc.pdf) |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachLive/de2b8a83-d95f-4c72-a6b8-011f36cd4ecc.pdf) |
| Jan 2026 | [Concall - Jan 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a3053a41-2c61-4a29-971e-91224e8f569b.pdf) |
| Feb 2026 | [Concall - Feb 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f6959c78-04b5-44bc-bfda-3e2841220bd9.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2026 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c733587d-fcc8-432d-89fe-1e37630d8896.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:02:46.315Z.