Tata Motors Passenger Vehicles Ltd logo

Tata Motors Passenger Vehicles Ltd

TMPV NSE

Key Fundamentals

LargecapCars & Utility VehiclesAutomobiles
Market Cap
1.2L Cr
Volatility
Moderate
P/E Ratio
1.5
EBITDA
₹24,684 Cr
Return on Equity
-1.16%
Debt to Equity
0.71
Book Value
₹304.29
EPS
₹102.18
52W High
₹447.79
52W Low
₹294.3

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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47 extracted metrics + investor summaries across FY09–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

3
  • Stock is trading at 1.08 times its book value
  • Company has delivered good profit growth of 101% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 52.4%

Weaknesses

6
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 6.08% over past five years.
  • Tax rate seems low
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.84,536 Cr.
  • Promoter holding has decreased over last 3 years: -3.88%

Growth Rate

Revenue Growth
-8.09% ↗
Net Income Growth
-107.10% ↘
Cash Flow Change
-79.33% ↘
ROE
-107.34% ↘
ROCE
-96.40% ↘
EBITDA Margin (Avg.)
-49.79% ↗

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 2d ago
AI opinion · based on fundamentals
Risk high

Tata Motors Passenger Vehicles trades at a PE of 1.5x and 1.14x book value with a market cap of ₹1,22,362 Cr. The company delivered 101% profit CAGR over 5 years and 52% ROE over 3 years, but TTM profits have declined 94% and sales growth remains muted at 6% over 5 years.

Bull Case 7
  • Trading at 1.14x price-to-book, well below typical auto sector valuations, suggesting limited downside from asset value perspective
  • 5-year compounded profit growth of 101% CAGR demonstrates strong earnings recovery trajectory from prior losses
  • 3-year ROE of 52.4% indicates highly efficient capital deployment and strong profitability on equity base
  • Last year ROE reached 76%, reflecting peak profitability and operational leverage in the business
  • PE ratio of 1.5x is exceptionally low, implying the market is pricing in significant near-term earnings headwinds that may prove temporary
  • 10-year compounded profit growth of 21% shows the business has generated long-term value despite cyclical downturns
  • 5-year stock CAGR of 13% indicates meaningful wealth creation for longer-term shareholders despite recent weakness
Bear Case 8
  • TTM profit has collapsed 94%, signaling a severe earnings deterioration that may not be a one-off event
  • TTM sales declined 6% indicating demand weakness or market share pressure in the passenger vehicle segment
  • Earnings include other income of ₹84,536 Cr, raising concerns about the quality and sustainability of reported profits
  • Low interest coverage ratio suggests the company's operating profits may not comfortably service its debt obligations
  • 5-year compounded sales growth of only 6.08% is poor for a consumer discretionary company in a growing Indian market
  • Promoter holding has decreased by 3.88% over the last 3 years, which may signal reduced promoter confidence or dilution
  • 1-year stock return of -17% reflects market skepticism about near-term earnings recovery prospects
  • Company might be capitalizing interest costs, which would flatter reported profits and understate true operating expenses

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 20h ago
Headwinds 3
  • Q1 profit plunges 80% YoY Aug 14

    Q1FY26 net profit fell 80% YoY to ₹7.75 billion despite revenue rising 9.3% to ₹957.99 billion. EBITDA margin contracted sharply to 6.51% from 9.37% YoY, missing the 7.4% estimate.

  • Sanand plants hit by flooding Jul 27

    Severe flooding disrupted Tata Motors PV's Sanand, Gujarat plants, affecting production of Tiago, Tigor, Nexon, and Sierra models.

  • JLR recalls 15,535 US vehicles Jul 22

    Jaguar Land Rover North America announced a recall of 15,535 vehicles in the United States, though specific affected models and remediation timelines were not disclosed.

Positives 1
  • July sales surge 59% YoY Aug 1

    Total sales reached 63,760 units in July 2026, up 59% YoY. EV sales more than doubled to 15,217 units, driving both domestic and international growth.

Neutral 1
  • Q1 FY27 earnings call scheduled Aug 7

    Tata Motors PV will host an investor/analyst conference call on August 13, 2026 at 6:30 PM IST to discuss Q1 FY27 results with senior management.

TL;DR: Tata Motors PV is delivering strong volume growth with July sales up 59% and EV sales doubling, but profitability is under severe pressure with Q1 profit down 80% and margins contracting sharply despite topline beats. Operational risks from Sanand flooding add near-term production uncertainty. The key question is whether volume momentum and EV traction can translate into margin recovery in coming quarters, or if cost pressures and disruptions will continue to weigh on the bottom line.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
1,02,236
1,05,129
1,10,577
1,19,033
1,07,102
83,656
94,472
98,377
87,677
72,349
70,108
1,05,447
95,799
Expenses
89,019
91,362
95,159
1,02,348
91,854
73,742
84,070
83,990
79,515
73,753
69,229
94,188
89,623
Operating Profit
13,217
13,767
15,418
16,685
15,248
9,914
10,402
14,387
8,162
-1,404
879
11,259
6,176
OPM %
13%
13%
14%
14%
14%
12%
11%
15%
9%
-1.9%
1.2%
11%
6%
Other Income
895
1,557
1,604
1,412
6,553
1,920
2,730
2,361
2,690
81,507
39
1,877
1,113
Interest
2,615
2,652
2,485
1,645
1,471
1,094
843
828
692
686
682
767
835
Depreciation
6,633
6,637
6,850
7,143
6,565
5,467
4,863
4,717
4,851
4,871
4,969
5,092
4,880
PBT
4,864
6,035
7,687
9,309
13,765
5,273
7,426
11,203
5,309
74,546
-4,733
7,277
1,574
Tax %
32%
36%
7%
-88%
23%
33%
26%
24%
25%
-2%
-26%
19%
45%
Net Profit
3,301
3,832
7,145
17,528
10,587
3,521
5,484
8,556
4,003
76,248
-3,483
5,878
859
EPS in Rs
9.64
11.33
21.14
52.37
31.63
9.36
14.69
23.01
10.66
207
-9.47
15.7
2.1
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
2,63,159
2,73,046
2,69,693
2,91,550
3,01,938
2,61,068
2,49,795
2,78,454
3,45,967
4,34,016
3,66,094
3,35,582
3,43,703
Expenses
2,23,920
2,34,650
2,40,104
2,60,093
2,77,274
2,43,081
2,17,507
2,53,734
3,14,151
3,76,207
3,18,101
3,16,863
3,26,793
Operating Profit
39,239
38,395
29,589
31,458
24,664
17,987
32,287
24,720
31,816
57,809
47,993
18,719
16,910
OPM %
15%
14%
11%
11%
8%
7%
13%
9%
9%
13%
13%
6%
4.9%
Other Income
714
-2,670
1,869
5,933
-26,686
102
-11,118
2,424
6,664
4,807
14,219
86,291
84,536
Interest
4,861
4,889
4,238
4,682
5,759
7,243
8,097
9,312
10,225
7,594
3,901
2,827
2,970
Depreciation
13,389
16,711
17,905
21,554
23,591
21,425
23,547
24,836
24,860
27,239
21,102
19,784
19,812
PBT
21,703
14,126
9,315
11,155
-31,371
-10,580
-10,474
-7,003
3,394
27,783
37,209
82,399
78,664
Tax %
35%
21%
35%
39%
-8%
4%
24%
60%
21%
-14%
24%
0%
—
Net Profit
14,073
11,678
7,557
9,091
-28,724
-11,975
-13,395
-11,309
2,690
31,807
28,149
82,645
79,502
EPS in Rs
48.44
40.11
25.82
31.13
-99.84
-39.08
-40.51
-34.45
7.27
94.47
75.6
224
215
Div. Payout %
0%
1%
0%
0%
0%
0%
0%
0%
32%
7%
8%
1%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
644
679
679
679
679
720
766
766
766
767
736
737
Reserves
55,618
78,273
57,383
94,749
59,500
62,359
54,481
43,795
44,556
84,151
1,15,408
1,11,331
Borrowings
73,610
69,360
78,604
88,950
1,06,175
1,24,788
1,42,131
1,46,449
1,34,113
1,07,264
71,540
79,109
Other Liabilities
1,07,442
1,14,872
1,35,914
1,42,813
1,39,349
1,32,313
1,44,193
1,38,051
1,55,239
1,77,339
1,89,289
1,88,012
Total Liabilities
2,37,315
2,63,184
2,72,580
3,27,192
3,05,703
3,20,179
3,41,570
3,29,061
3,34,674
3,69,521
3,76,973
3,79,189
Fixed Assets
88,479
1,07,232
95,944
1,21,414
1,11,234
1,27,107
1,38,708
1,38,855
1,32,080
1,21,285
1,15,697
1,04,656
CWIP
28,640
25,919
33,699
40,034
31,884
35,622
20,964
10,251
14,274
35,698
65,806
1,02,654
Investments
15,337
23,767
20,338
20,813
15,771
16,308
24,620
29,380
26,379
22,971
35,656
26,313
Other Assets
1,04,858
1,06,266
1,22,600
1,44,932
1,46,814
1,41,141
1,57,278
1,50,575
1,61,941
1,89,567
1,59,814
1,45,566
Total Assets
2,37,315
2,63,184
2,72,580
3,27,192
3,05,703
3,20,179
3,41,570
3,29,061
3,34,674
3,69,521
3,76,973
3,79,189
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
35,531
37,900
30,199
23,857
18,891
26,633
29,001
14,283
35,388
67,915
63,102
13,041
Investing
-36,232
-36,694
-39,571
-25,139
-20,878
-33,115
-25,672
-4,444
-15,417
-22,781
-49,982
-23,166
Financing
5,201
-3,795
6,205
2,012
8,830
3,390
9,904
-3,380
-26,243
-37,006
-18,786
-1,344
Net Cash Flow
4,500
-2,589
-3,167
730
6,843
-3,092
13,232
6,459
-6,272
8,128
-5,666
-11,469
Free Cash Flow
3,643
6,455
14,181
-11,191
-16,346
-2,898
9,146
-655
16,443
36,732
26,034
-23,195
CFO/OP
101
104
108
85
87
158
96
66
121
125
140
87
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
17
18
19
25
23
16
19
16
17
14
13
14
Inventory Days
67
73
77
83
73
82
83
71
66
64
78
85
Days Payable
131
138
138
151
133
145
175
141
128
126
160
158
Cash Conversion Cycle
-47
-46
-41
-43
-38
-48
-74
-53
-45
-48
-69
-59
Working Capital Days
-62
-63
-69
-71
-78
-92
-112
-88
-63
-55
-75
-81
ROCE %
21%
15%
9%
9%
2%
0%
6%
1%
6%
19%
16%
3%

Shareholding Pattern

As of Jun 2026
Promoters 42.51%
Public 20.74%
DIIs 17.23%
FIIs 17.11%
Others 2.36%
Government 0.06%
Total 100.01%
  Feb 2021Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
46.41%
46.41%
46.41%
46.41%
46.40%
46.40%
46.40%
46.40%
46.39%
46.39%
46.39%
46.38%
46.37%
46.36%
46.36%
42.58%
42.58%
42.58%
42.57%
42.57%
42.56%
42.56%
42.51%
FIIs
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%
19.20%
18.17%
20.55%
18.66%
17.84%
17.18%
17.13%
17.88%
17.29%
17.11%
DIIs
10.93%
11.15%
10.68%
12.51%
12.83%
13.50%
14.21%
13.91%
15.30%
17.78%
17.45%
16.61%
16.40%
16.08%
16.02%
16.37%
16.79%
17.14%
17.19%
17.28%
15.34%
17.04%
17.23%
Government
0.15%
0.15%
0.15%
0.15%
0.14%
0.14%
0.14%
0.06%
0.06%
0.06%
0.06%
0.06%
0.06%
0.06%
0.06%
0.06%
0.06%
0.06%
0.06%
0.06%
0.06%
0.06%
0.06%
Public
14.44%
14.95%
14.11%
15.99%
15.58%
16.57%
17.47%
17.63%
17.90%
16.91%
15.19%
15.68%
15.45%
16.09%
17.09%
17.50%
19.59%
20.05%
20.57%
20.51%
21.64%
20.73%
20.74%
Others
28.07%
27.34%
28.66%
24.94%
25.05%
23.39%
21.78%
21.99%
20.35%
18.85%
20.90%
21.27%
21.72%
2.21%
2.30%
2.94%
2.32%
2.33%
2.44%
2.46%
2.51%
2.32%
2.36%
No. of Shareholders
16,12,110
20,38,760
20,80,880
26,95,590
32,52,510
37,97,100
40,08,510
39,76,830
39,93,040
38,14,830
35,02,410
37,73,310
41,84,370
46,16,910
50,98,550
49,71,730
64,62,120
67,28,250
67,52,780
66,55,780
66,73,650
63,78,030
62,15,150

Documents

Frequently Asked Questions about Tata Motors Passenger Vehicles Ltd

What does Tata Motors Passenger Vehicles Ltd do?
Tata Motors Group is a global automobile manufacturer. Part of the multi-national conglomerate, the Tata group, it offers a wide and diverse portfolio of cars, sports utility vehicles, etc. It has operations in India, the UK, South Korea, South Africa, China, Brazil, Austria and Slovakia through ...
Where is Tata Motors Passenger Vehicles Ltd (TMPV) listed?
Tata Motors Passenger Vehicles Ltd is listed on the Indian stock exchanges. It is listed on NSE: TMPV and BSE: 500570. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Tata Motors Passenger Vehicles Ltd belong to?
Tata Motors Passenger Vehicles Ltd operates in the Consumer Discretionary sector within the Automobiles industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Tata Motors Passenger Vehicles Ltd?
Tata Motors Passenger Vehicles Ltd has a market capitalisation of approximately ₹120723.20 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Tata Motors Passenger Vehicles Ltd?
The Price-to-Earnings (PE) ratio of Tata Motors Passenger Vehicles Ltd is 1.50. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Tata Motors Passenger Vehicles Ltd?
Over the past 52 weeks, Tata Motors Passenger Vehicles Ltd has traded between a low of ₹294.3 and a high of ₹447.79. This range helps investors understand the stock's price volatility and recent trading levels.
Does Tata Motors Passenger Vehicles Ltd pay dividends?
Yes, Tata Motors Passenger Vehicles Ltd has a dividend yield of 0.91%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Tata Motors Passenger Vehicles Ltd?
Tata Motors Passenger Vehicles Ltd has a Return on Equity (ROE) of -1.16%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Tata Motors Passenger Vehicles Ltd on Tapetide?
On Tapetide, you can view Tata Motors Passenger Vehicles Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Tata Motors Group is a global automobile manufacturer. Part of the multi-national conglomerate, the Tata group, it offers a wide and diverse portfolio of cars, sports utility vehicles, etc. 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]

Website tatamotors.com
Listed 2025-10-14
Face Value ₹ 2
Issued Size 3,68,25,79,382

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