MoneyWorks4Me

Tata Motors Ltd (TMCV)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544569 NSE: TMCV Automobiles-Trucks/Lcv | Large Cap | Tata Motors Share Price

₹440.95 3.60 (0.82%)

As on 25-Sep'26 16:59

Tata Motors Ltd (TMCV)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544569 NSE: TMCV Automobiles-Trucks/Lcv | Large Cap | Tata Motors Share Price

₹440.95 3.60 (0.82%)

As on 25-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹1,62,393 Cr.
Current Price
₹441
52-Week Low / High
₹306 / 509
TTM EPS
₹11.4
TTM Sales
₹86,773 Cr.
Book Value per Share
₹41.4
P/E Ratio
38.75
Industry PE
34.6
Price to Book (P/B)
10.66
Price to Sales (P/S)
1.87
EV/EBITDA
15.90
Dividend Yield
0.91%
Profitability Efficiency
Return on Equity (ROE)
23.85%
Return on Capital Employed (ROCE)
31.55%
Return on Assets (ROA)
5.79%
Operating Profit Margin
11.9%
Net Profit Margin
3.61%
Gross Profit Margin
9.4%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
-
-
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
42.56%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹14,498 Cr.
Equity
₹736.6 Cr.
Face Value
₹2
All Time Low / High
₹306.00 / 508.95

Tata Motors stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Overvalued

Price Trend

Semi Strong
Q.1 Is Tata Motors Ltd a good quality company?
Tata Motors Ltd is a average quality company, based on a somewhat consistent 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 Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Tata Motors Ltd vs industry peers?
Tata Motors Ltd revenue CAGR is %, compared to the industry median CAGR of 0%, indicating stable growth and maintaining its market share.
Q.1 Promoter shareholding and pledge status of Tata Motors Ltd?
Promoters hold 42.56% of the Tata Motors Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Tata Motors Ltd over the last decade?
Over the last - year(s), the stock has delivered a CAGR of N/A% based on the current price.

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

Value Creation ⓘ

Mar'25Mar'26TTM
ROCE % ⓘ-363%68.7%-
Value Creation
Index ⓘ
-33.35.1-

Growth Parameters ⓘ

Sales ⓘ077,39980,649
Sales YoY Gr.-NA-
Adj EPS ⓘ-1.615.99.4
YoY Gr.-NA-
BVPS (₹) ⓘ0.436.340.5
Adj Net
Profit ⓘ
-0.15,8413,473
Cash Flow from Ops. ⓘ011,312-
Debt/CF from Ops. ⓘ00.3-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘNANANANA
Adj EPS ⓘNANANANA
BVPSⓘNANANA8346.5%
Share Price - - - -

Key Financial Parameters ⓘ

Mar'25Mar'26TTM
Return on
Equity % ⓘ
-36387.224.6
Op. Profit
Mgn % ⓘ
012.812.7
Net Profit
Mgn % ⓘ
07.64.3
Debt to
Equity ⓘ
00.2-
Working Cap
Days ⓘ
02735
Cash Conv.
Cycle ⓘ
0-19-16

Valuation of Tata Motors - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'26
Sales83,855
Operating Expenses ⓘ + 76,338
Manufacturing Costs6,650
Material Costs56,732
Employee Cost 5,804
Other Costs ⓘ 7,152
Operating Profit ⓘ 7,517
Operating Profit Margin (%) 9.0%
Other Income ⓘ + 1,224
Exceptional Items ⓘ -1,428
Interest ⓘ 874
Depreciation ⓘ 1,945
Profit Before Tax ⓘ 4,663
Tax ⓘ 1,633
Profit After Tax 3,030
PAT Margin (%) 3.6%
Adjusted EPS (₹)8.2
Dividend Payout Ratio (%)48.60%
PARTICULARSMar'26

Equity and Liabilities

Shareholders Fund + 12,702
Share Capital ⓘ 736
Reserves ⓘ 11,966
Debt +2,022
Long Term Debt1,344
Short Term Debt678
Minority Interest0
Trade Payables15,704
Others Liabilities ⓘ 21,881
Total Liabilities ⓘ 52,309

Fixed Assets

Net Fixed Assets ⓘ +13,962
Gross Block38,500
Accumulated Depreciation24,538
CWIP ⓘ 2,026
Investments ⓘ 13,283
Inventories5,448
Trade Receivables2,721
Cash Equivalents 7,776
Others Assets ⓘ 7,093
Total Assets ⓘ 52,309
PARTICULARSMar'26
Cash Flow From Operating Activity ⓘ + 14,981
PBT ⓘ 4,663
Adjustment ⓘ 4,603
Changes in Working Capital ⓘ 6657
Tax Paid ⓘ -942
Cash Flow From Investing Activity ⓘ + -3,451
Capex -2,103
Net Investments -1,963
Others ⓘ 615
Cash Flow From Financing Activity ⓘ + -5,223
Net Proceeds from Shares ⓘ 0
Net Proceeds from Borrowing ⓘ -3,150
Interest Paid ⓘ -884
Dividend Paid ⓘ 0
Others ⓘ -1,189
Net Cash Flow ⓘ 6,307
PARTICULARSMar'26
Ratios
ROE (%)23.85
ROCE (%)31.55
Asset Turnover Ratio1.6
PAT to CFO Conversion(x)4.94
Working Capital Days
Receivable Days11.80
Inventory Days23.70
Payable Days86.80

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Announcements

Tata Motors Ltd FAQs

The current trading price of Tata Motors on 25-Sep-2026 16:59 is ₹440.9.

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 24-Sep-2026 the market cap of Tata Motors stood at ₹1,62,392.6 Cr

The latest P/E ratio of Tata Motors as of 24-Sep-2026 is 46.75.

The latest P/B ratio of Tata Motors as of 24-Sep-2026 is 10.90.

The 52-week high of Tata Motors is ₹508.9 and the 52-week low is ₹306.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Tata Motors is ₹80,649 ( Cr.) .

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

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

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.

About Tata Motors Ltd

Part of the Tata Group, Tata Motors (Formerly TML Commercial Vehicles) is India’s largest and a globally renowned manufacturer of utility vehicles, pick-ups, trucks, and buses. With decades of leadership in commercial mobility, the company is known for its innovation, reliability, and performance. Its advanced powertrains, connected technologies, and intelligent fleet solutions support a wide range of applications-from last-mile delivery to public transport while seamlessly driving the wheels of the nation’s economy. Guided by its brand promise Better Always, Tata Motors delivers future-ready solutions that enhance customer experience and drive sustainable growth. The company operates in India and South Korea, with a global presence across Africa, the Middle East, Latin America, Southeast Asia, and SAARC countries.

Across its extensive product portfolio, it is on the way to integrating sustainability into every range. From the nimble Tata Ace EV in the small commercial vehicles category to the versatile Ultra T.7 in the light trucks segment, from the reliable Starbus in the buses range to the agile Tata Magic EV in the vans category, and the Prima E.28K in the MHCV range, sustainability is at the heart of each of these offerings. it is committed to ensuring that its entire range, spanning various vehicle types, contributes to a greener and more eco-conscious future.

As per the Composite Scheme of Arrangement sanctioned by the National Company Law Tribunal, Mumbai Bench, amongst Tata Motors, TML Commercial Vehicles (the Company) and Tata Motors Passenger Vehicles, the Company’s name was changed to Tata Motors from TML Commercial Vehicles (effective October 29, 2025), and its equity shares are listed on the BSE and the National Stock Exchange of India.

Business area of the company

Tata Motors is India’s largest and a globally renowned manufacturer of utility vehicles, pick-ups, trucks, and buses. In every market, its focus is on delivering value and partnering customers to success. The company operates in India and South Korea, with a global presence across Africa, the Middle East, Latin America, Southeast Asia, and SAARC countries.

Product Portfolio

Small Trucks

  • Tata Ace
  • Tata Intra
  • Tata Yodha

Trucks

  • Tata Prima
  • Tata Signa
  • Tata Ultra line
  • Tata LPT line

Busses and Vans

  • Tata Starbus
  • Tata ultra
  • Tata Cityride
  • Tata Magic
  • Tata Winger

History and milestones

  • 1954: Launched the first commercial vehicle, the TMB 312 truck.
  • 1969: Telco begins to travel under the Tata Brand
  • 1975: India road discovers the Tata 1210 semi-forward model
  • 1983: The company commences manufacturing of heavy commercial vehicles.
  • 1983: Tata LCV 407 from Telco
  • 1986: The Tata 407 outperformed Indo-Jap competitors, including Eicher-Mitsubishi, CM Toyota, Swaraj Mazde and Allwyn-Nissan.
  • 1995: Three of its trucks participated in the Geneva-Bombay rally, covering 8000 miles without a breakdown.
  • 2004: Launch of Tata NOVUS by Tata Daewoo.
  • 2005: Launch of a wide range of full built buses and coaches under the ‘Globus’ and ‘Starbus’ brands respectively.
  • 2005: Launch of Tata ACE, India’s first mini 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.
  • 2009: Launch of Tata Prima range of world standard trucks.
  • 2011: Launch of Tata Magic Iris.
  • 2011: Launch of Tata Ace Zip.
  • 2015: Launch of Tata Marcoplo’s new Magna luxury coach.
  • 2017: launch of Tata Starbus Hybrid.
  • 2017: Launch of Tata AMT bus.
  • 2018: Launch of Tata Ace Gold.
  • 2018: Launch of Nex-Gen ULTRA range of trucks.
  • 2018: Launch of all-new Winger 15S, especially designed for tours and travel.
  • 2020: Launch of the Signa 5525.S, India’s highest GCW prime mover (tractor) in the 4x2 segment.
  • 2020: Launch of the Signa 4825.TK, India’s largest tipper truck.
  • 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.

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