Is Tata Motors a good quality company?

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

Is Tata Motors 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 Fair zone .

What is Tata Motors share price return in the past 10 years?

Tata Motors Ltd share price has appreciated 4% annually (CAGR) over the past ten years.

Is Tata Motors a good buy now?

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

Tata Motors Ltd - Stock Valuation and Financial Performance

Name: Tata Motors
Brand: Tata Motors

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

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Tata Motors Share Price

₹773.70 -9.70 -1.24%
as on 21-Nov'24 16:00

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

Standalone Basis ^P Consolidated Basis ^P

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	20.8%	13.7%	9.5%	9.9%	-14.6%	-1.9%	-1.3%	1.2%	7.7%	21.4%	-
Value Creation Index ⓘ	0.8	0.2	-0.2	-0.1	-2.3	-1.2	-1.1	-0.9	-0.3	0.9	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
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	4,37,928	4,36,863
Sales YoY Gr.	-	3.8%	-1.2%	8.1%	3.6%	-13.5%	-4.3%	11.5%	24.3%	26.6%	-
Adj EPS ⓘ	43.2	38.7	29.2	16.7	-25.5	-27.5	-13.3	-31.7	6.3	86.7	90.6
YoY Gr.	-	-10.6%	-24.4%	-42.8%	-252.6%	NA	NA	NA	NA	1275.6%	-
BVPS (₹) ⓘ	172.9	232.5	171	281	177.2	172.9	144.2	116.3	118.2	221.4	274.6
Adj Net Profit ⓘ	14,060	13,127	9,931	5,685	-8,672	-9,881	-5,109	-12,127	2,415	33,210	33,342
Cash Flow from Ops. ⓘ	35,531	37,900	30,199	23,857	18,891	26,633	29,001	14,283	35,388	67,915	-
Debt/CF from Ops. ⓘ	2.1	1.8	2.6	3.7	5.6	4.5	4.7	9.8	3.6	1.5	-

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%	NA	NA	1275.6%
BVPSⓘ	2.8%	4.6%	15.4%	87.3%
Share Price	4%	36.4%	14.9%	13.6%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	23.1	19.4	14.5	7.4	-11.2	-16	-8.6	-24.3	5.4	51	36.5
Op. Profit Mgn % ⓘ	14.9	13.6	12.5	10	8	7.7	11.7	8.4	9.6	14	13.6
Net Profit Mgn % ⓘ	5.4	4.6	3.2	1.2	-2.9	-3.4	-1.9	-4.3	0.8	7.7	7.6
Debt to Equity ⓘ	1.3	0.9	1.4	0.9	1.8	1.9	2.5	3.1	2.8	1.2	0.6
Working Cap Days ⓘ	100	97	106	119	132	150	154	141	120	105	69
Cash Conv. Cycle ⓘ	-25	-24	-18	-15	-14	-20	-31	-23	-17	-22	-4

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 36.50%

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 10.14%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Tata Motors Ltd.

	Standalone	Consolidated
TTM EPS (₹)	25.4	90.6
TTM Sales (₹ Cr.)	70,713	4,36,863
BVPS (₹.) ⓘ	83.2	274.6
Reserves (₹ Cr.) ⓘ	29,893	1,00,330
P/BV ⓘ	9.41	2.85
PE ⓘ	30.80	8.65

From the Market
52 Week Low / High (₹)	670.60 / 1179.05
All Time Low / High (₹)	11.11 / 1179.05
Market Cap (₹ Cr.)	2,88,369
Equity (₹ Cr.)	736.2
Face Value (₹)	2
Industry PE ⓘ	29.3

Management X-Ray of Tata Motors:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

1.82

0.00

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

Valuation of Tata Motors

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Tata Motors

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
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	4,37,928
Operating Expenses ⓘ	2,23,920	2,37,511	2,40,910	2,62,657	2,78,604	2,43,767	2,20,622	2,55,104	3,14,151	3,78,389
Manufacturing Costs	25,818	24,089	22,193	24,411	22,969	21,107	17,608	23,549	28,519	33,862
Material Costs	1,60,080	1,61,156	1,66,672	1,87,229	1,97,567	1,67,428	1,58,292	1,80,886	2,26,470	2,72,756
Employee Cost	25,549	28,881	28,333	30,300	33,244	30,439	27,648	30,809	33,655	42,487
Other Costs ⓘ	12,473	23,385	23,712	20,717	24,825	24,793	17,073	19,860	25,508	29,285
Operating Profit ⓘ	39,239	35,535	28,783	28,894	23,334	17,301	29,173	23,350	31,816	59,538
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 ⓘ	899	2,041	1,560	6,521	4,295	3,659	5,757	4,424	4,737	5,950
Interest ⓘ	4,861	4,889	4,238	4,682	5,759	7,243	8,097	9,312	10,225	9,986
Depreciation ⓘ	13,389	16,711	17,905	21,554	23,591	21,425	23,547	24,836	24,860	27,270
Exceptional Items ⓘ	-185	-1,850	1,115	1,975	-29,652	-2,871	-13,761	-630	1,591	-977
Profit Before Tax ⓘ	21,703	14,126	9,315	11,155	-31,371	-10,580	-10,474	-7,003	3,394	27,955
Tax ⓘ	7,643	3,025	3,251	4,342	-2,437	395	2,542	4,231	704	-3,852
Profit After Tax	14,060	11,101	6,064	6,813	-28,934	-10,975	-13,016	-11,235	2,690	31,807
PAT Margin (%)	5.3%	4.1%	2.2%	2.3%	-9.6%	-4.2%	-5.2%	-4.0%	0.8%	7.3%
Adjusted EPS (₹)	43.0	34.1	22.0	26.5	-84.9	-33.6	-35.1	-29.9	6.3	81.9
Dividend Payout Ratio (%)	0%	1%	0%	0%	0%	0%	0%	0%	32%	7%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	56,262	78,952	58,062	95,428	60,171	62,198	55,225	44,517	45,256	84,827
Share Capital ⓘ	644	679	679	679	679	720	766	766	766	767
Reserves ⓘ	55,618	78,273	57,383	94,749	59,492	61,478	54,459	43,751	44,490	84,061
Minority Interest	433	433	453	525	523	814	1573	4271	7278	8176
Debt	69,211	61,961	74,489	77,994	90,968	99,678	1,14,776	1,15,138	1,02,763	67,883
Long Term Debt	56,071	50,510	60,629	61,200	70,818	83,316	93,113	97,759	88,696	62,149
Short Term Debt	13,140	11,451	13,860	16,795	20,150	16,363	21,663	17,378	14,067	5,734
Trade Payables	57,407	61,562	62,533	76,940	71,691	66,398	76,040	69,750	79,252	93,979
Others Liabilities ⓘ	52,611	60,276	73,760	76,305	78,691	87,576	90,992	93,074	96,348	1,02,700
Total Liabilities ⓘ	2,35,925	2,63,184	2,69,297	3,27,192	3,02,043	3,16,663	3,38,605	3,26,749	3,30,897	3,57,565
Fixed Assets
Gross Block	1,62,904	1,68,941	1,63,512	2,13,209	2,32,517	2,70,579	3,13,692	3,24,096	3,31,141	3,34,482
Accumulated Depreciation	74,424	61,709	67,568	91,795	1,21,283	1,43,471	1,74,985	1,85,241	1,99,062	2,13,115
Net 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	1,21,367
CWIP ⓘ	28,640	25,919	33,699	40,034	31,884	35,622	20,964	10,251	14,275	35,698
Investmentsⓘ	15,337	23,767	20,338	20,813	15,771	16,308	24,620	29,380	26,379	22,971
Inventories	29,272	32,656	35,085	42,138	39,014	37,457	36,089	35,240	40,755	47,788
Trade Receivables	12,579	13,571	14,076	19,893	18,996	11,173	12,679	12,442	15,738	16,952
Cash Equivalents	32,116	30,460	36,078	34,614	32,649	33,727	46,792	40,669	37,016	45,807
Others Assetsⓘ	29,501	29,579	34,077	48,287	52,496	55,269	58,753	59,911	64,654	66,982
Total Assets ⓘ	2,35,925	2,63,184	2,69,297	3,27,192	3,02,043	3,16,663	3,38,605	3,26,749	3,30,897	3,57,565

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	35,531	37,900	30,199	23,857	18,891	26,633	29,001	14,283	35,388	67,915
PBT ⓘ	21,703	14,126	9,315	11,155	-31,371	-10,580	-10,474	-7,077	3,394	27,955
Adjustment ⓘ	21,695	24,500	19,525	22,157	60,142	33,932	41,672	34,020	38,300	37,151
Changes in Working Capital ⓘ	-3672	1313	3254	-6434	-7221	5065	-93	-10750	-3127	7325
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	-10,885	6,345	14,016	-6,348	-6,719	9,343	1,080	5,683
Others ⓘ	683	750	1,304	2,502	1,509	1,708	447	821	1,061	2,672
Cash Flow From Financing Activityⓘ	5,201	-3,795	6,205	2,012	8,830	3,390	9,904	-3,380	-26,243	-37,006
Net Proceeds from Shares ⓘ	0	7,433	5	0	0	3,889	2,603	19	20	82
Net Proceeds from Borrowing ⓘ	9,679	-3,527	9,172	4,558	12,756	11,938	11,048	7,855	-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	-100	0	-769
Others ⓘ	2,550	-1,878	2,485	2,960	3,174	-4,862	4,407	-1,902	-1,576	-6,858
Net Cash Flow ⓘ	5,865	-3,400	-1,675	-332	8,010	-4,148	12,778	6,128	-7,659	8,081

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	23.08	16.42	8.85	8.88	-37.19	-17.94	-22.17	-22.53	5.99	48.9
ROCE (%)	20.75	13.67	9.51	9.87	-14.61	-1.92	-1.27	1.23	7.67	21.41
Asset Turnover Ratio	1.18	1.11	1.03	0.98	0.96	0.84	0.76	0.84	1.05	1.27
PAT to CFO Conversion(x)	2.53	3.41	4.98	3.5	N/A	N/A	N/A	N/A	13.16	2.14
Working Capital Days
Receivable Days	16	17	18	21	24	21	17	16	15	14
Inventory Days	39	41	45	48	49	53	54	47	40	37
Payable Days	120	126	126	126	130	144	152	129	106	107

Tata Motors Ltd Stock News

Tata Motors Ltd FAQs

What is the share price of Tata Motors?

Company share prices are keep on changing according to the market conditions. The closing price of Tata Motors on 21-Nov-2024 16:00 is ₹773.7.

What is the market cap of Tata Motors?

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 21-Nov-2024 16:00 the market cap of Tata Motors stood at ₹2,88,368.9.

What is the P/E ratio of Tata Motors?

The latest P/E ratio of Tata Motors as of 21-Nov-2024 16:00 is 30.80.

What is the P/B ratio of Tata Motors?

The latest P/B ratio of Tata Motors as of 21-Nov-2024 16:00 is 9.41.

What is the 52-week high and low of Tata Motors?

The 52-week high of Tata Motors is ₹1,179.1 and the 52-week low is ₹670.6.

What is the TTM revenue of Tata Motors?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Tata Motors is ₹70,713 ( 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