TATA MOTORS LIMITED Financials Tata Motors Limited NSE India S.E.
Equities
TATAMOTORS
INE155A01022
Auto & Truck Manufacturers
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,001 INR | +0.11% |
|
+2.78% | +28.29% |
| 27/04 | Tata Motors Limited Receives Order from the Deputy Commissioner of State Tax, Raipur Division -2, Chattisgarh | CI |
| 25/04 | South Korea's Hyundai, Kia to launch first India-made EVs next year | RE |
Valuation
| Fiscal Period: Marzo | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 5,46,894 | 2,35,235 | 10,67,374 | 15,44,487 | 15,03,057 | 36,63,521 | - | - |
| Enterprise Value (EV) 1 | 10,10,127 | 7,40,267 | 17,47,205 | 25,34,566 | 23,89,506 | 43,59,489 | 41,82,996 | 39,67,301 |
| P/E ratio | -2.05 x | -2.04 x | -8.16 x | -14.5 x | 66.9 x | 18.6 x | 15.3 x | 12.8 x |
| Yield | - | - | - | - | - | 0.31% | 0.41% | 0.44% |
| Capitalization / Revenue | 0.18 x | 0.09 x | 0.43 x | 0.55 x | 0.43 x | 0.84 x | 0.77 x | 0.71 x |
| EV / Revenue | 0.33 x | 0.28 x | 0.7 x | 0.91 x | 0.69 x | 0.99 x | 0.88 x | 0.77 x |
| EV / EBITDA | 4.1 x | 2.88 x | 5.72 x | 10.2 x | 7.15 x | 7.12 x | 6.13 x | 5.26 x |
| EV / FCF | -6.15 x | -24.1 x | 19.9 x | -286 x | 13.8 x | 16.1 x | 14.6 x | 11.6 x |
| FCF Yield | -16.2% | -4.15% | 5.03% | -0.35% | 7.24% | 6.2% | 6.87% | 8.64% |
| Price to Book | 0.98 x | 0.39 x | 2.09 x | 3.23 x | 3.55 x | 5.7 x | 4.21 x | 3.2 x |
| Nbr of stocks (in thousands) | 33,95,851 | 35,97,474 | 38,28,811 | 38,29,165 | 38,29,847 | 38,32,242 | - | - |
| Reference price 2 | 174.3 | 71.05 | 301.8 | 433.5 | 420.6 | 999.4 | 999.4 | 999.4 |
| Announcement Date | 20/05/19 | 15/06/20 | 18/05/21 | 12/05/22 | 12/05/23 | - | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: Maart | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 30,19,384 | 26,10,680 | 24,97,948 | 27,84,536 | 34,59,670 | 43,81,539 | 47,40,269 | 51,46,349 |
| EBITDA 1 | 2,46,643 | 2,56,721 | 3,05,573 | 2,47,988 | 3,34,063 | 6,12,108 | 6,82,573 | 7,54,507 |
| EBIT 1 | 10,737 | 42,467 | 70,086 | -369.2 | 85,460 | 3,23,259 | 3,73,515 | 4,22,244 |
| Operating Margin | 0.36% | 1.63% | 2.81% | -0.01% | 2.47% | 7.38% | 7.88% | 8.2% |
| Earnings before Tax (EBT) 1 | -3,13,712 | -1,05,800 | -1,04,743 | -70,034 | 30,576 | 2,69,318 | 3,28,088 | 3,83,715 |
| Net income 1 | -2,88,262 | -1,20,708 | -1,34,514 | -1,14,415 | 24,143 | 2,03,040 | 2,44,133 | 2,94,235 |
| Net margin | -9.55% | -4.62% | -5.38% | -4.11% | 0.7% | 4.63% | 5.15% | 5.72% |
| EPS 2 | -84.89 | -34.88 | -36.99 | -29.88 | 6.290 | 53.82 | 65.46 | 78.26 |
| Free Cash Flow 1 | -1,64,128 | -30,691 | 87,951 | -8,856 | 1,72,923 | 2,70,456 | 2,87,302 | 3,42,692 |
| FCF margin | -5.44% | -1.18% | 3.52% | -0.32% | 5% | 6.17% | 6.06% | 6.66% |
| FCF Conversion (EBITDA) | - | - | 28.78% | - | 51.76% | 44.18% | 42.09% | 45.42% |
| FCF Conversion (Net income) | - | - | - | - | 716.25% | 133.2% | 117.68% | 116.47% |
| Dividend per Share 2 | - | - | - | - | - | 3.085 | 4.123 | 4.426 |
| Announcement Date | 20/05/19 | 15/06/20 | 18/05/21 | 12/05/22 | 12/05/23 | - | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S1 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 12,68,989 | 7,56,538 | 8,86,279 | 6,64,064 | 6,13,788 | 7,22,293 | 7,84,391 | 7,19,347 | 7,96,114 | 8,84,886 | 10,59,324 | 10,22,361 | 10,76,522 | 10,83,666 | 12,16,091 | 11,08,887 |
| EBITDA 1 | 1,00,862 | 1,15,096 | 1,27,448 | 52,576 | 40,498 | 67,642 | 87,271 | 31,805 | 61,962 | 96,430 | 1,25,808 | 1,28,759 | 1,40,613 | 1,48,174 | 1,76,536 | - |
| EBIT 1 | -3,251 | 53,809 | 65,277 | -9,446 | -20,735 | 6,861 | 22,950 | -26,605 | 2,989 | 35,712 | 55,306 | 62,427 | 79,946 | 85,968 | 1,12,250 | 95,469 |
| Operating Margin | -0.26% | 7.11% | 7.37% | -1.42% | -3.38% | 0.95% | 2.93% | -3.7% | 0.38% | 4.04% | 5.22% | 6.11% | 7.43% | 7.93% | 9.23% | 8.61% |
| Earnings before Tax (EBT) 1 | - | 41,674 | -76,433 | -25,786 | -34,716 | -6,121 | -3,411 | -34,680 | -14,612 | 32,026 | 47,841 | 46,527 | 50,335 | 54,488 | 97,201 | - |
| Net income 1 | - | 29,064 | -76,054 | -44,509 | -44,416 | -15,161 | -10,328 | -50,066 | -9,446 | 29,577 | 54,078 | 32,028 | 42,439 | 47,925 | 71,774 | - |
| Net margin | - | 3.84% | -8.58% | -6.7% | -7.24% | -2.1% | -1.32% | -6.96% | -1.19% | 3.34% | 5.1% | 3.13% | 3.94% | 4.42% | 5.9% | - |
| EPS 2 | - | 8.040 | -20.24 | -11.62 | -11.60 | -3.960 | -2.700 | -13.07 | -2.470 | - | 14.10 | 8.340 | 11.70 | 15.13 | 21.70 | - |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 4.428 | - |
| Announcement Date | 25/10/19 | 29/01/21 | 18/05/21 | 26/07/21 | 01/11/21 | 31/01/22 | 12/05/22 | 27/07/22 | 09/11/22 | 25/01/23 | 12/05/23 | 25/07/23 | - | - | - | - |
1INR in Million2INR
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 4,63,232 | 5,05,032 | 6,79,831 | 9,90,079 | 8,86,449 | 6,95,968 | 5,19,475 | 3,03,780 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.878 x | 1.967 x | 2.225 x | 3.992 x | 2.654 x | 1.137 x | 0.7611 x | 0.4026 x |
| Free Cash Flow 1 | -1,64,128 | -30,691 | 87,951 | -8,856 | 1,72,923 | 2,70,456 | 2,87,302 | 3,42,692 |
| ROE (net income / shareholders' equity) | -1.9% | -7.46% | -22.7% | -22.9% | 5.37% | 35.5% | 30.1% | 27% |
| ROA (Net income/ Total Assets) | -0.46% | -1.46% | -4.04% | -3.4% | 0.72% | 5.83% | 7.1% | 8.07% |
| Assets 1 | 6,26,65,717 | 82,57,468 | 33,26,259 | 33,68,705 | 33,33,734 | 34,80,695 | 34,38,499 | 36,47,538 |
| Book Value Per Share 2 | 177.0 | 182.0 | 144.0 | 134.0 | 118.0 | 175.0 | 237.0 | 312.0 |
| Cash Flow per Share 2 | 55.60 | 77.00 | 75.70 | 43.00 | 92.40 | 153.0 | 156.0 | 172.0 |
| Capex 1 | 3,53,035 | 2,97,020 | 2,02,054 | 1,51,684 | 1,80,957 | 3,44,117 | 3,37,410 | 3,42,545 |
| Capex / Sales | 11.69% | 11.38% | 8.09% | 5.45% | 5.23% | 7.85% | 7.12% | 6.66% |
| Announcement Date | 20/05/19 | 15/06/20 | 18/05/21 | 12/05/22 | 12/05/23 | - | - | - |
1INR in Million2INR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
29
Last Close Price
999.4
INR
Average target price
1,028
INR
Spread / Average Target
+2.92%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +35.50% | 300B | |
| +19.76% | 82.12B | |
| +7.96% | 70.32B | |
| +19.41% | 53.62B | |
| +27.49% | 52.28B | |
| +3.73% | 51.06B | |
| +22.60% | 39.41B | |
| +19.23% | 27.31B | |
| +15.38% | 25.9B |
- Stock Market
- Equities
- TATAMOTORS Stock
- TATAMOTORS Stock
- Financials Tata Motors Limited
