Tata Motors Ltd - Stock Valuation and Financial Performance

BSE: 500570 | NSE: TATAMOTORS | Automobiles-Trucks/Lcv | Large Cap

Tata Motors Share Price

1,016.60 -4.15 -0.41%
as on 12-Jul'24 16:01

DeciZen - make an informed investing decision on Tata Motors

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Semi Strong

Tata Motors stock performance -

mw4me loader
P/E Ratio (CD):
10.76
Market Cap:
3,37,915.7 Cr.
52-wk low:
593.5
52-wk high:
1,065.6

Is Tata Motors Ltd an attractive stock to invest in?

1. Is Tata Motors Ltd a good quality company?

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

2. Is Tata Motors Ltd undervalued or overvalued?

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

3. Is Tata Motors Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Tata Motors Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Tata Motors:

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 Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 13.6%11.9%9%5.6%-2.6%-2.8%0.3%-2.9%5.2%21.7%-
Value Creation
Index
0.20.1-0.2-0.5-1.2-1.2-1.0-1.3-0.50.9-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2,63,1592,73,0462,69,6932,91,5503,01,9382,61,0682,49,7952,78,4543,45,9674,37,9284,37,928
Sales YoY Gr.-3.8%-1.2%8.1%3.6%-13.5%-4.3%11.5%24.3%26.6%-
Adj EPS 43.238.729.216.7-25.5-27.5-13.3-31.76.386.794.5
YoY Gr.--10.6%-24.4%-42.8%-252.6%NANANANA1275.6%-
BVPS (₹) 172.9232.5171281177.2172.9144.2116.3118.2221.4254.9
Adj Net
Profit
14,06013,1279,9315,685-8,672-9,881-5,109-12,1272,41533,21031,399
Cash Flow from Ops. 35,53137,90030,19923,85718,89126,63329,00114,28335,38867,915-
Debt/CF from Ops. 2.11.82.63.75.64.54.79.83.61.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 5.8%7.7%20.6%26.6%
Adj EPS 8%NANA1275.6%
BVPS2.8%4.6%15.4%87.3%
Share Price 8.7% 44.9% 48.4% 63.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
23.119.414.57.4-11.2-16-8.6-24.35.45139.7
Op. Profit
Mgn %
14.913.612.51087.711.78.49.61413.7
Net Profit
Mgn %
5.44.63.21.2-2.9-3.4-1.9-4.30.87.77.2
Debt to
Equity
1.30.91.40.91.81.92.53.12.81.20.7
Working Cap
Days
1009710611913215015414112010566
Cash Conv.
Cycle
-25-24-18-15-14-20-31-23-17-22-2

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 39.70%

Sales growth is growing at healthy rate in last 3 years 20.58%

Debt to equity has declined versus last 3 years average to 1.16

Sales growth is good in last 4 quarters at 28.40%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Tata Motors Ltd.

Standalone Consolidated
TTM EPS (₹) 23.8 94.5
TTM Sales (₹ Cr.) 73,303 4,37,928
BVPS (₹.) 90.1 254.9
Reserves (₹ Cr.) 29,291 84,061
P/BV 11.28 3.99
PE 42.76 10.76
From the Market
52 Week Low / High (₹) 593.50 / 1065.60
All Time Low / High (₹) 11.11 / 1065.60
Market Cap (₹ Cr.) 3,37,916
Equity (₹ Cr.) 664.8
Face Value (₹) 2
Industry PE 39

Management X-Ray of Tata Motors:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *1.821.821.821.821.821.821.821.820.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

Login/Register to view analysis.

Analyst's Notes

Key Ratios of Tata Motors

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales2,63,1592,73,0462,69,6932,91,5503,01,9382,61,0682,49,7952,78,4543,45,9674,37,928
Operating Expenses 2,23,9202,37,5112,40,9102,62,6572,78,6042,43,7672,20,6222,55,1043,14,1513,78,389
Manufacturing Costs25,81824,08922,19324,41122,96921,10717,60823,54928,51933,862
Material Costs1,60,0801,61,1561,66,6721,87,2291,97,5671,67,4281,58,2921,80,8862,26,4702,72,756
Employee Cost 25,54928,88128,33330,30033,24430,43927,64830,80933,65542,487
Other Costs 12,47323,38523,71220,71724,82524,79317,07319,86025,50829,285
Operating Profit 39,23935,53528,78328,89423,33417,30129,17323,35031,81659,538
Operating Profit Margin (%) 14.9%13.0%10.7%9.9%7.7%6.6%11.7%8.4%9.2%13.6%
Other Income 8992,0411,5606,5214,2953,6595,7574,4244,7375,950
Interest 4,8614,8894,2384,6825,7597,2438,0979,31210,2259,986
Depreciation 13,38916,71117,90521,55423,59121,42523,54724,83624,86027,270
Exceptional Items -185-1,8501,1151,975-29,652-2,871-13,761-6301,591-977
Profit Before Tax 21,70314,1269,31511,155-31,371-10,580-10,474-7,0033,39427,955
Tax 7,6433,0253,2514,342-2,4373952,5424,231704-3,852
Profit After Tax 14,06011,1016,0646,813-28,934-10,975-13,016-11,2352,69031,807
PAT Margin (%) 5.3%4.1%2.2%2.3%-9.6%-4.2%-5.2%-4.0%0.8%7.3%
Adjusted EPS (₹)43.034.122.026.5-84.9-33.6-35.1-29.96.381.9
Dividend Payout Ratio (%)0%1%0%0%0%0%0%0%32%7%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 56,26278,95258,06295,42860,17162,19855,22544,51745,25684,827
Share Capital 644679679679679720766766766767
Reserves 55,61878,27357,38394,74959,49261,47854,45943,75144,49084,061
Minority Interest4334334535255238141573427172788176
Debt69,21161,96174,48977,99490,96899,6781,14,7761,15,1381,02,76367,883
Long Term Debt56,07150,51060,62961,20070,81883,31693,11397,75988,69662,149
Short Term Debt13,14011,45113,86016,79520,15016,36321,66317,37814,0675,734
Trade Payables57,40761,56262,53376,94071,69166,39876,04069,75079,25293,979
Others Liabilities 52,61160,27673,76076,30578,69187,57690,99293,07496,3481,02,700
Total Liabilities 2,35,9252,63,1842,69,2973,27,1923,02,0433,16,6633,38,6053,26,7493,30,8973,57,565

Fixed Assets

Gross Block1,62,9041,68,9411,63,5122,13,2092,32,5172,70,5793,13,6923,24,0963,31,1413,34,482
Accumulated Depreciation74,42461,70967,56891,7951,21,2831,43,4711,74,9851,85,2411,99,0622,13,115
Net Fixed Assets88,4791,07,23295,9441,21,4141,11,2341,27,1071,38,7081,38,8551,32,0801,21,367
CWIP 28,64025,91933,69940,03431,88435,62220,96410,25114,27535,698
Investments 15,33723,76720,33820,81315,77116,30824,62029,38026,37922,971
Inventories29,27232,65635,08542,13839,01437,45736,08935,24040,75547,788
Trade Receivables12,57913,57114,07619,89318,99611,17312,67912,44215,73816,952
Cash Equivalents 32,11630,46036,07834,61432,64933,72746,79240,66937,01645,807
Others Assets29,50129,57934,07748,28752,49655,26958,75359,91164,65466,982
Total Assets 2,35,9252,63,1842,69,2973,27,1923,02,0433,16,6633,38,6053,26,7493,30,8973,57,565

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 35,53137,90030,19923,85718,89126,63329,00114,28335,38867,915
PBT 21,70314,1269,31511,155-31,371-10,580-10,474-7,0773,39427,955
Adjustment 21,69524,50019,52522,15760,14233,93241,67234,02038,30037,151
Changes in Working Capital -367213133254-6434-72215065-93-10750-31277325
Tax Paid -4,194-2,040-1,895-3,021-2,659-1,785-2,105-1,910-3,179-4,516
Cash Flow From Investing Activity -34,867-37,504-38,080-26,202-19,711-34,170-26,126-4,775-16,804-22,828
Capex -31,888-31,444-28,499-35,049-35,236-29,531-19,855-14,938-18,945-31,183
Net Investments -3,662-6,810-10,8856,34514,016-6,348-6,7199,3431,0805,683
Others 6837501,3042,5021,5091,7084478211,0612,672
Cash Flow From Financing Activity 5,201-3,7956,2052,0128,8303,3909,904-3,380-26,243-37,006
Net Proceeds from Shares 07,4335003,8892,603192082
Net Proceeds from Borrowing 9,679-3,5279,1724,55812,75611,93811,0487,855-15,351-20,129
Interest Paid -6,307-5,716-5,336-5,411-7,005-7,518-8,123-9,251-9,336-9,332
Dividend Paid -720-108-121-96-95-57-30-1000-769
Others 2,550-1,8782,4852,9603,174-4,8624,407-1,902-1,576-6,858
Net Cash Flow 5,865-3,400-1,675-3328,010-4,14812,7786,128-7,6598,081
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)23.0816.428.858.88-37.19-17.94-22.17-22.535.9948.9
ROCE (%)20.7513.679.519.87-14.61-1.92-1.271.237.6721.41
Asset Turnover Ratio1.181.111.030.980.960.840.760.841.051.27
PAT to CFO Conversion(x)2.533.414.983.5N/AN/AN/AN/A13.162.14
Working Capital Days
Receivable Days16171821242117161514
Inventory Days39414548495354474037
Payable Days120126126126130144152129106107

Tata Motors Ltd Stock News

Tata Motors Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Tata Motors on 12-Jul-2024 16:01 is ₹1,016.6.
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 12-Jul-2024 16:01 the market cap of Tata Motors stood at ₹3,37,915.7.
The latest P/E ratio of Tata Motors as of 12-Jul-2024 16:01 is 42.76.
The latest P/B ratio of Tata Motors as of 12-Jul-2024 16:01 is 11.28.
The 52-week high of Tata Motors is ₹1,065.6 and the 52-week low is ₹593.5.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Tata Motors is ₹73,303 ( Cr.) .

About Tata Motors Ltd

Tata Motors is a part of $100 billion Tata group founded by Jamsetji Tata in 1868. The company is among the world’s leading manufacturers of automobiles. The company is ‘Connecting aspirations’, by offering innovative mobility solutions that are in line with customers' aspirations. The company is India's largest automobile manufacturer, and it continues to take the lead in shaping the Indian commercial vehicle landscape, with the introduction of leading-edge powertrains and electric solutions packaged for power performances and user comfort at the lowest life-cycle costs. The company’s new passenger cars and utility vehicles are based on Impact Design and offer a superior blend of performance, driveability and connectivity.

World-class manufacturing forms the essence of Tata Motors. In the manufacturing process, the company’s facilities ensure that every step - from design to production to assembly - follows the highest standards of quality. The company is driven by a passion for excellence, which is reflected across all its operations. To offer the best vehicle experience to its customers, its passionate engineering and quality talent ensures production of superior vehicles, which has led to the rapid growth in global demand for its products.

Business area of the company

The company is engaged in manufacturing of cars, utility vehicles, pick-ups, trucks and buses. Also, the company is India’s largest and the only OEM offering extensive range of integrated, smart and e-mobility solutions. It has operations in various countries through a strong global network of its subsidiaries.

Products

  • Cars and Sports Utility Vehicles
  • Trucks and Buses
  • Defence

Awards of the company

2016

  • For the year 2016, Tata Motors has been presented with India Risk Management Award (IRMA) - Supply Chain Risk Management Award, recognising the initiative to build a comprehensive framework to mitigate macro level company-wide risks including enterprise risk management initiatives taken.
  • Tata Motors, Pantnagar has received the Golden Peacock Environment Management Award (GPEMA) in Automobile sector (India), second time in a row.
  • Tata Motors ranked amongst top 25 best companies to work for - Business Today survey 2016.

2017

  • Best Learning Organization of Asia (2011-12).
  • Tata Motors goes big on its contribution to the ‘Skill India Mission’.
  • Tata Motors won the Business Today ‘Best Companies to Work For’ Award 2017.

2018

  • TML Starbus Hybrid received Special Recognition at the Apollo CV January Awards 2018.
  • TML Nexon received the prestigious Best Design Award of this Year by Autoportal.
  • Tata Hexa won ‘Best 4X4 of the Year’ at Autoportal Best Car Awards 2018.
  • Hexa Downtown won ‘Special Edition of the Year’ award at 2018 GaadiWaadi Reader’s Choice Award.
  • Tata Hexa won ‘Family Car of the Year’ award at 10th TopGear India Magazine Awards.

2019

  • Felicitated for initiating the drive of Clean Energy in India at the EV Tech India 2019 - ‘CEO Leadership Meet and Felicitation Event’ in Bangalore.
  • Pantnagar, Lucknow and Sanand teams from Executive and Non-Executive categories collectively bagged 111 awards in the 21st All India Creativity Summit by INSSAN at NIC Delhi.
  • Tata Ace has received an award for BW Pure: Purpose-Led Brand 2019 for its contribution towards the development of the nation.
  • Recognized as a Pitch Top 50 Brand 2019, an annual initiative by Exchange4Media group.
  • Tata Ace received an award for BW Pure: Purpose-Led Brand 2019 for its contribution towards the development of the nation.
  • Tata Harrier has won the best Design and Styling award at the Autocar India Awards.
  • Pratap B., Vice President- Global Design received the Design Icon award for Transportation Design at the Hyderabad Design Week.
  • Design of the Year” award for Tata Harrier at the Car and Bike India Awards 2020.
  • Acknowledged as the “Emerging Industry Leader” at the 25th JRD QV award function honouring JRD Tata’s 115th Birth Anniversary.
  • Listed again in the Top 10 Companies in the Indian Corporate Governance Scorecard by BSE Limited, the International Finance Corporation and the Institutional Investor Advisory Services (IiAS), with the financial support of the Government of Japan.
  • Girish Wagh, President, CVBU, Tata Motors, won “CV Man of the Year” Apollo CV Awards 2020.
  • ERC Project was selected as one of the Most Innovative Projects by the Jury of GreenCo Assessors as well as one of the 3 Most Useful Projects by the participants at the CII Environmental Best Practices Awards.
  • Awarded the prestigious Golden Peacock award in Occupational Health & Safety for 2019.
  • Received the 5th Tata Affirmative Action Programme (TAAP) Jury award and the Best Practice Award for LEAP, a skill development program for underprivileged at the Tata Affirmative Action Programme Convention 2018-19 by TBExG.

2020

  • Automotive - OEM Large” in the Front Bumper & Upper Grill category & “Green Automotive Solution of the Year” at the fourth edition of ‘The Economic Times Polymers Awards 2020’.
  • CV Maker of the Year - Apollo CV Awards 2020.
  • Awarded with Best Design, Facebook People’s Choice Best Pavilion and Best CV Pavilion by CNB Auto Expo Excellence Awards at Auto Expo 2020.
  • CV parts entry ‘DigiVOR’ received three awards in rapid succession - TML Innovista Award, Golden Peacock Award and World Innovation Congress Award. It also made it to the final round of the Tata Group Innovista competition.

Milestones

  • 1945: Tata Motors established.
  • 1945: Manufacturing of locomotives and other engineering products.
  • 1948: Steam road roller introduced in collaboration with Marshall Sons (UK).
  • 1954: Out rolled the first commercial vehicle, The TMB 312 truck.
  • 1964: The 1210 series of vehicles set out from Jamshedpur.
  • 1969: Telco began to travel under Tata brand.
  • 1975: Indian road discover the tata 1210 semi-forward model.
  • 1983: Manufacture of Heavy Commercial Vehicle commences.
  • 1986: tata LCV 407 from Telco.
  • 1989: The multi utility Tata Mobile.
  • 1991: Launch of the first indigenous passenger vehicle Tata Sierra.
  • 1992: Launch of Tata Estate.
  • 1994: Launch of Tata Sumo- The multi utility vehicle.
  • 1995: Telco brings 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: India’s first fully indigenous sedan debut with class leading features.
  • 2004: Launch of Tata NOVUS by Tata Daewoo.
  • 2004: Launch of Tata Indigo Marina.
  • 2005: Launch of wide range of fully build busses and coaches called ‘GLOBUS’ and ‘STARBUS’ brands.
  • 2005: Launch of India’s first mini truck - Tata ACE.
  • 2005: Launch of Tata TL4x4, India’s first Sports utility truck (SUT).
  • 2007: Launch of Tata Magic, a comfortable safe four-wheeler public transportation mode, developed on the Ace platform.
  • 2007: Launch of Tata Winger, India’s only maxi-van.
  • 2008: Launch of Tata Indigo CS (Compact Sedan), 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 Aria, 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 Storme, the real SUV.
  • 2014: Launch of Tata Armoured personnel Career (APC) Left Hand Drive (LHD).
  • 2014: Launch of Compact Sedan Tata Zest.
  • 2015: Launch of Tata Macropolo’s New magma Luxury Coach.
  • 2015: Launch of India’s first multi drive and sporty Hatchback Tata Bolt, with Revotron 1.2Tpetrol engine.
  • 2016: Launch of Tata Tiago.
  • 2017: Launch of Tata Xenon Yodha, Starbus Hybrid, Hexa, Tigor, AMT Bus, Tiago AMT, Naxon and Tigor EV.
  • 2017: Introduces new sub brand TAMO.
  • 2018: Launch of Tata ACE Gold, Naxon AMT, Harrier and NEX-GEN Ultra range of trucks.
  • 2019: Tata Motors celebrates 2-lakh sales milestone of its most loved hatchback, the Tata Tiago in India
  • 2019: Tata Motors unveils India’s own Electric SUV, the Nexon EV
  • 2019: Tata Motors rolls out the 1st ALTROZ from its Pune plant
  • 2020: Tata Motors Achieves the Milestone of Producing 4 Million Passenger Vehicles
  • 2020: 1.5 million and counting: Jaguar Land Rover celebrates clean engine manufacturing milestone.
  • 2020: Tata Motors launches the XM+ variant of the Altroz.
  • 2020: Tata Motors introduces Harrier CAMO edition of its flagship SUV
Read More Read Less
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.