MoneyWorks4Me

Tata Motors Passenger Vehicles Ltd (TMPV)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500570 NSE: TMPV Automobiles - Passenger Cars | Large Cap | Tata MotorsPassenger Share Price

₹314 -3.70 (-1.16%)

As on 24-Aug'26 16:01

Tata Motors Passenger Vehicles Ltd (TMPV)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500570 NSE: TMPV Automobiles - Passenger Cars | Large Cap | Tata MotorsPassenger Share Price

₹314 -3.70 (-1.16%)

As on 24-Aug'26 16:01

Key Metrics
Valuation Multiples
Market Cap
₹1,17,005 Cr.
Current Price
₹314
52-Week Low / High
₹294 / 740
TTM EPS
₹215.2
TTM Sales
₹3,41,069 Cr.
Book Value per Share
₹306.4
P/E Ratio
1.48
Lower than its 5-year historical median
Industry PE
33
Price to Book (P/B)
1.04
Lower than its 5-year historical median
Price to Sales (P/S)
0.34
Lower than its 5-year historical median
EV/EBITDA
6.96
Higher than its 5-year historical median
Dividend Yield
0.96%
Profitability Efficiency
Return on Equity (ROE)
-1.21%
Underperforms industry median
Return on Capital Employed (ROCE)
0.67%
Underperforms industry median
Return on Assets (ROA)
-0.37%
Operating Profit Margin
5.8%
Net Profit Margin
-0.41%
Gross Profit Margin
6.5%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-23.68%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-67.12%
Net Profit Growth (1 Year)
-
-105.92%
Asset Quality
Promoter Holding
42.51%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹1,12,121 Cr.
Equity
₹736.6 Cr.
Face Value
₹2
All Time Low / High
₹11.11 / 1179.05

Tata Motors Passenger Vehicles stock performance

Key Ratios
mw4me loader

Check Before You Invest

Valuation

Undervalued

Price Trend

Weak
Q.1 Is Tata Motors Passenger Vehicles Ltd a good quality company?
Tata Motors Passenger Vehicles Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Tata Motors Passenger Vehicles Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Tata Motors Passenger Vehicles Ltd vs industry peers?
Tata Motors Passenger Vehicles Ltd revenue CAGR is 6.08%, compared to the industry median CAGR of 16.13%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Tata Motors Passenger Vehicles Ltd?
Promoters hold 42.51% of the Tata Motors Passenger Vehicles Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Tata Motors Passenger Vehicles Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -4.4% based on the current price.

DeciZen - make an informed investing decision on Tata MotorsPassenger

Decision Maker
Consolidated basis

1. Right Stock

10 Year X-ray Pro
Long Term Prospect

2. Right Price

3. Right Time

#Likely Future 5 Year CAGR.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Tata Motors Passenger Vehicles Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 9.5%9.9%-14.6%-1.9%-1.3%1.2%7.7%20.3%21.5%0.7%-
Value Creation
Index
-0.2-0.1-2.3-1.2-1.1-0.9-0.30.80.9-0.9-

Growth Parameters

Sales 2,69,6932,91,5503,01,9382,61,0682,49,7952,78,4543,45,9674,34,0164,39,6953,35,5823,41,069
Sales YoY Gr.-8.1%3.6%-13.5%-4.3%11.5%24.3%25.5%1.3%-23.7%-
Adj EPS 29.216.7-25.5-27.5-13.3-31.76.388.361.74.9215.2
YoY Gr.--42.8%-252.6%NANANANA1300.8%-30.1%-92.1%-
BVPS (₹) 171281177.2172.9144.2116.3118.2221.2315.4304306.4
Adj Net
Profit
9,9315,685-8,672-9,881-5,109-12,1272,41533,81822,7071,79879,241
Cash Flow from Ops. 30,19923,85718,89126,63329,00114,28335,38867,91563,10213,041-
Debt/CF from Ops. 2.63.75.64.54.79.83.61.515.4-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 2.5%6.1%-1%-23.7%
Adj EPS -18%NA-8.2%-92.1%
BVPS6.6%16.1%37%-3.6%
Share Price -4.5% 2.3% -19.9% -53.8%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
14.57.4-11.2-16-8.6-24.35.451.922.61.670.5
Op. Profit
Mgn %
12.51087.711.78.49.613.712.55.85.5
Net Profit
Mgn %
3.21.2-2.9-3.4-1.9-4.30.87.95.20.623.2
Debt to
Equity
1.40.91.81.92.53.12.81.20.50.6-
Working Cap
Days
10611913215015414112010610111767
Cash Conv.
Cycle
-18-15-14-20-31-23-17-22-31-35-10

Valuation of Tata MotorsPassenger - Consolidated

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales2,69,6932,91,5503,01,9382,61,0682,49,7952,78,4543,45,9674,34,0164,39,6953,35,582
Operating Expenses + 2,40,9102,62,6572,78,6042,43,7672,20,6222,55,1043,14,1513,76,2073,84,7253,17,506
Manufacturing Costs22,19324,41122,96921,10717,60823,54928,51933,85634,58431,199
Material Costs1,66,6721,87,2291,97,5671,67,4281,58,2921,80,8862,26,4702,72,7552,71,7862,14,082
Employee Cost 28,33330,30033,24430,43927,64830,80933,65541,99047,76745,150
Other Costs 23,71220,71724,82524,79317,07319,86025,50827,60630,58827,075
Operating Profit 28,78328,89423,33417,30129,17323,35031,81657,80954,97018,076
Operating Profit Margin (%) 10.7%9.9%7.7%6.6%11.7%8.4%9.2%13.3%12.5%5.4%
Other Income + 1,5606,5214,2953,6595,7574,4244,7375,6927,4126,608
Exceptional Items 1,1151,975-29,652-2,871-13,761-6301,591-939-550-4,142
Interest 4,2384,6825,7597,2438,0979,31210,2257,5945,0832,827
Depreciation 17,90521,55423,59121,42523,54724,83624,86027,23923,25619,784
Profit Before Tax 9,31511,155-31,371-10,580-10,474-7,0033,39428,42933,780-1,623
Tax 3,2514,342-2,4373952,5424,231704-4,02410,502-246
Profit After Tax 6,0646,813-28,934-10,975-13,016-11,2352,69032,45323,278-1,377
PAT Margin (%) 2.3%2.3%-9.6%-4.2%-5.2%-4.0%0.8%7.5%5.3%-0.4%
Adjusted EPS (₹)22.026.5-84.9-33.6-35.1-29.96.381.975.6223.6
Dividend Payout Ratio (%)0%0%0%0%0%0%31.70%7.30%7.90%1.30%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 58,06295,42860,17162,19855,22544,51745,25684,8271,16,0501,12,015
Share Capital 679679679720766766766767736737
Reserves 57,38394,74959,49261,47854,45943,75144,49084,0601,15,3141,11,278
Debt +74,48977,99490,96899,6781,14,7761,15,1381,02,76367,88445,90461,078
Long Term Debt60,62961,20070,81883,31693,11397,75988,69662,14940,21744,248
Short Term Debt13,86016,79520,15016,36321,66317,37814,0675,7355,68716,830
Minority Interest453525523814157342717278817666106774
Trade Payables62,53376,94071,69166,39876,04069,75079,25293,97897,36892,780
Others Liabilities 73,76076,30578,69187,57690,99293,07496,3481,02,7001,05,53494,299
Total Liabilities 2,69,2973,27,1923,02,0433,16,6633,38,6053,26,7493,30,8973,57,5653,71,4663,66,946

Fixed Assets

Net Fixed Assets +95,9441,21,4141,11,2341,27,1071,38,7081,38,8551,32,0801,21,2851,15,6971,04,656
Gross Block1,63,5122,13,2092,32,5172,70,5793,13,6923,24,0963,31,1413,34,4783,20,0003,14,342
Accumulated Depreciation67,56891,7951,21,2831,43,4711,74,9851,85,2411,99,0622,13,1932,04,3032,09,686
CWIP 33,69940,03431,88435,62220,96410,25114,27535,69865,8061,02,654
Investments 20,33820,81315,77116,30824,62029,38026,37922,97135,65626,313
Inventories35,08542,13839,01437,45736,08935,24040,75547,78847,26950,126
Trade Receivables14,07619,89318,99611,17312,67912,44215,73816,95213,24812,619
Cash Equivalents 36,07834,61432,64933,72746,79240,66937,01645,80740,83429,684
Others Assets 34,07748,28752,49655,26958,75359,91164,65467,06452,95640,894
Total Assets 2,69,2973,27,1923,02,0433,16,6633,38,6053,26,7493,30,8973,57,5653,71,4663,66,946
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 30,19923,85718,89126,63329,00114,28335,38867,91563,10213,041
PBT 9,31511,155-31,371-10,580-10,474-7,0773,39427,95538,75535
Adjustment 19,52522,15760,14233,93241,67234,02038,30037,15120,18225,358
Changes in Working Capital 3254-6434-72215065-93-10750-312773258156-9038
Tax Paid -1,895-3,021-2,659-1,785-2,105-1,910-3,179-4,516-3,991-3,314
Cash Flow From Investing Activity + -38,080-26,202-19,711-34,170-26,126-4,775-16,804-22,828-47,594-24,810
Capex -28,499-35,049-35,236-29,531-19,855-14,938-18,945-31,183-37,068-36,236
Net Investments -10,8856,34514,016-6,348-6,7199,3431,0805,684-13,1789,877
Others 1,3042,5021,5091,7084478211,0612,6712,6521,549
Cash Flow From Financing Activity + 6,2052,0128,8303,3909,904-3,380-26,243-37,006-18,786-1,344
Net Proceeds from Shares 5003,8892,6031920823522
Net Proceeds from Borrowing 9,1724,55812,75611,93811,0487,855-15,351-20,129-12,028-4,275
Interest Paid -5,336-5,411-7,005-7,518-8,123-9,251-9,336-9,332-5,814-5,111
Dividend Paid -121-96-95-57-30-1000-769-2,303-2,203
Others 2,4852,9603,174-4,8624,407-1,902-1,576-6,8581,32410,223
Net Cash Flow -1,675-3328,010-4,14812,7786,128-7,6598,081-3,278-13,113
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)8.858.88-37.19-17.94-22.17-22.535.9949.923.18-1.21
ROCE (%)9.519.87-14.61-1.92-1.271.237.6720.3321.470.67
Asset Turnover Ratio1.030.980.960.840.760.841.051.261.210.91
PAT to CFO Conversion(x)4.983.5N/AN/AN/AN/A13.162.092.71N/A
Working Capital Days
Receivable Days18.4021.2023.5021.1017.4016.5014.9013.8012.5014.10
Inventory Days4548.2049.1053.5053.7046.8040.1037.2039.5053
Payable Days126.20126.50129.80144152129.30106.40107.10122.30158.90

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Tata Motors Passenger Vehicles Ltd FAQs

The current trading price of Tata MotorsPassenger on 24-Aug-2026 16:01 is ₹314.0.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 23-Aug-2026 the market cap of Tata MotorsPassenger stood at ₹1,17,005.5 Cr

The latest P/E ratio of Tata MotorsPassenger as of 23-Aug-2026 is 1,950.1.

The latest P/B ratio of Tata MotorsPassenger as of 23-Aug-2026 is 4.68.

The 52-week high of Tata MotorsPassenger is ₹739.5 and the 52-week low is ₹294.1.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Tata MotorsPassenger is ₹63,826 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Tata Motors Passenger Vehicles Ltd is a below average quality company.

The key valuation ratios of Tata Motors Passenger Vehicles Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Tata Motors Passenger Vehicles Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Tata Motors Passenger Vehicles Ltd

Tata Motors Passenger Vehicles (TMPV) (formerly Tata Motors) begins a bold new chapter as an independently listed entity. Pursuant to the Composite Scheme of Arrangement approved by the Hon’ble National Company Law Tribunal, effective October 1, 2025, Tata Motors has demerged its Commercial Vehicles business into TML Commercial Vehicles (TMLCV), a wholly owned subsidiary and consolidated the Passenger Vehicles business within the parent entity.

The company is one of India’s leading automobile manufacturers, offering a diverse portfolio of cars and Sport Utility Vehicles (SUVs) renowned for their design, safety, and performance. The company delivers multi-powertrain options, advanced connected technologies, and intelligent personal mobility solutions and is at the forefront of India’s electric vehicle (EV) revolution, accelerating the nation’s shift toward sustainable mobility.

With a legacy of innovation - from India’s first indigenous car to shaping the SUV and EV landscape - the company blends design-forward thinking with a robust multi-powertrain strategy to meet diverse lifestyle needs. Each vehicle is crafted to deliver an exceptional driving experience, powered by intuitive technology and segment-leading features. The company’s deep-rooted commitment to safety and customer delight is reflected across every touchpoint with each Tata Motors vehicle evoking pride, satisfaction, and a meaningful connection with current discerning buyer.

The company’s primary luxury vehicle subsidiary -- JLR brings together four distinctive British brands - Range Rover, Defender, Discovery and Jaguar - each created to serve a clear purpose and a defined client need. As an enterprise, it provides the foundations that enable these brands to thrive. Through shared expertise in design, engineering and technology, it creates the conditions for each brand to deliver experiences that are desirable, differentiated and enduring. 

Business area of the company

The company designs, manufactures and sells a wide range of automotive vehicles. The Company also manufactures engines for industrial applications.

Tata Cars

  • Sierra
  • Harrier
  • Safari
  • Nexon
  • Punch
  • Altroz
  • Tiago

Milestone/ History 

  • 1945: Manufacturing of locomotives and other engineering products.
  • 1948: Steam road roller introduced in collaboration with Marshall Sons (UK)
  • 1954: Launched the first commercial vehicle, the TMB 312 truck
  • 1964: The 1210 series of vehicles set out from Jamshedpur
  • 1969: Telco begins to travel under the Tata brand
  • 1975: Indian roads discover the Tata 1210 semi-forward model
  • 1983: The manufacture of heavy commercial vehicles commences
  • 1986: Tata LCV 407 from Telco
  • 1989: The multi-utility Tata mobile
  • 1991: Launch of Tata Sierra, the first indigenous passenger vehicle 
  • 1992: Launch of the Tata Estate
  • 1994: Launch of Tata Sumo, a multi-utility vehicle
  • 1995: Telco brings the three-pointed star to India
  • 1998: Tata Safari, India’s first sports utility vehicle launched
  • 1998: Tata Indica, India’s first fully indigenous passenger car launched
  • 2002: Tata Indigo, India’s first fully indigenous sedan, debuts with class-leading features
  • 2004: Launch of Tata NOVUS by Tata Daewoo
  • 2004: Launch of Tata Indigo Marina
  • 2005: Launch of a wide range of fully built buses and coaches under the ‘Globus’ and ‘Starbus’ brands respectively
  • 2005: Launch of Tata Ace, India’s first mini truck
  • 2005: Launch of Tata TL 4x4, India’s first sports utility truck
  • 2007: Launch of Tata Magic, a comfortable and safe four-wheeler, developed on the Ace platform 
  • 2007: Launch of Tata Winger, India’s only maxi-van
  • 2008: Launch of Tata Indigo CS (compact sedan), the world’s first sub four-meter sedan
  • 2009: Launch of Tata Nano
  • 2009: Launch of Tata Prima range of world standard trucks
  • 2009: Launch of Jaguar Land Rover Range in India
  • 2009: Launch of Tata Manza, the new generation Indigo
  • 2010: Launch of Tata Aira, the first Indian four-wheel drive crossover
  • 2011: Launch of Tata Venture
  • 2011: Launch of Tata Magic Iris
  • 2011: Launch of Tata Ace Zip
  • 2012: Launch of Tata Safari Strome, the real SUV
  • 2014: Launch of Tata Zest, the compact sedan
  • 2015: Launch of Tata Marcopolo’s new Magna Luxury coach
  • 2015: Launch of Tata Bolt, India’s first multidrive and sporty hatchback, with Revotron 1.2T engine
  • 2016: Launch of Tata Tiago
  • 2017: Launch of Tata Xenon Yodha
  • 2017: Launch of Tata Starbus Hybrid
  • 2017: Launch of Tata Hexa
  • 2017: Launch of TAMO, a new sub-brand
  •  2017: Launch of Tata Tigor
  • 2017: Launch of Tata AMT bus
  • 2017: Launch of Tata Tigor AMT
  • 2017: Launch of Tata Nexon
  • 2017: Launch of Tata Tigor EV
  • 2018: Launch of Tata ACE gold
  • 2018: Launch of Tata Nexon AMT
  • 2018: Launch of Next-Gen Ultra range of trucks
  • 2018: Launch of Tata Harrier
  • 2018: Tata Nexon sets the bar for safety in India
  • 2018: launch of all new Winger 15s especially designed for tours and travel
  • 2019: Unveiled four global and one European premier at the 89th Geneva International Motor Show
  • 2019: Introduced Ziptron, a cutting-edge EV technology brand
  • 2019: Launch of Nexon EV, the new electric SUV
  • 2019: Tata Motors launches Tata Altroz Voice BoT with Google
  • 2020: Launch of the Signa 5525.S, India's highest GCW prime mover (tractor) in the 4×2 segment
  • 2020: Tata Altroz secures 5-star adult safety rating from global NCAP
  • 2020: Launch of Signa 4825.TK, India's largest tipper truck
  • 2020: Launch of ZConnect, offering advanced connected car features for Nexon EV
  • 2021: Launch of Ultra Sleek range
  • 2021: Introduced 21 commercial vehicles in one day
  • 2022: Launched the Ace EV
  • 2023: Tata Motors delivers first-of-its-kind Hydrogen Fuel Cell powered buses to Indian Oil
  • 2023: Tata Motors launches new avatars of Safari and Harrier
  • 2024: Tata Motors launches Altroz Racer
  • 2025: India's no. 1 EV takes safety to the next level - Nexon.ev Launched with ADAS
  • 2025: Unveils 'Future of Mobility' with new benchmarks in Innovation, Connectivity and Sustainability
  • 2025: Auto Expo 2025
  • 2025: Pursuant to the Composite Scheme of Arrangement approved by the National Company Law Tribunal, the company changed its name from Tata Motors Limited to Tata Motors Passenger Vehicles Limited with effect from October 13, 2025.

You have 43 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: