Tata Motors Passenger Vehicles Limited TMPV NSE

Consumer Cyclical · Auto Manufacturers · India

https://www.tatamotors.com

Tata Motors Passenger Vehicles Limited designs, develops, manufactures, and sells various automotive vehicles. The company offers passenger cars; sports utility vehicles; and electric vehicles, as well as related spare parts and accessories. It also manufactures engines for industrial applications; and factory automation equipment, as well as provides information technology, insurance broking, and vehicle financing services. It operates in India, China, the United States, the United Kingdom, rest of Europe, and internationally. The company was formerly known as Tata Motors Limited and changed its name to Tata Motors Passenger Vehicles Limited in October 2025. Tata Motors Passenger Vehicles Limited was incorporated in 1945 and is headquartered in Mumbai, India.

Market & Price

Market Cap

₹1.45 L Cr

Current Price

₹393.90

High / Low (52W)

₹736.40 / ₹296.20

Beta

0.78

Valuation

Stock P/E

Industry PE

26.67

Forward P/E

7.23

PEG Ratio

0.27

Book Value

₹304.44

Price to Book

1.29

P/S

0.43

EV/EBITDA

7.04

Dividend Yield

0.76%

Profitability & Returns

ROCE

0.55%

ROE

-1.12%

ROA

0.99%

Profit Margin

24.55%

Op Margin

8.43%

EPS (Latest Qtr)

₹15.70

EPS (TTM)

₹-4.41

Balance Sheet & Liquidity

Debt/Equity

0.65

Quick Ratio

0.38

Current Ratio

0.84

Debt

₹79,109.00 Cr

Total Assets

₹3.82 L Cr

Current Assets

₹1.39 L Cr

Working Capital

₹-25,557.00 Cr

Ownership

Promoter Holding

44.15%

Chg in Prom Hold

FII / Inst Holding

25.84%

Chg in FII Hold

-0.01%

Financial Snapshot

Enterprise Value

₹1.85 L Cr

Total Revenue (TTM)

₹3.36 L Cr

EBITDA

₹26,267.00 Cr

Free Cash Flow

₹-11,859.13 Cr

Operating Cash Flow

₹13,041.00 Cr

Shares Outstanding

₹368.24 Cr

Gross Margin

45.61%

Payout Ratio

56.44%

Growth (CAGR)

Revenue 5Y

-0.93%

Profit 5Y

224.36%

Revenue (YoY)

-11.80%

Earnings (YoY)

-32.90%

PROS

Excellent profit margin of 24.6%.
Profit CAGR of 224.4% over 5 years.

CONS

Revenue declined at -0.9% CAGR over 5 years.
Trading 46.5% below its 52-week high.
In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

NSE TradingView Screener.in

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Consumer Cyclical).

#	Name	CMP ₹	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	TMPV Tata Motors Passenger Vehicles Limited NSE	393.90	-	₹1.45 L Cr	0.76%	0.55%	-1.12%	-0.93%	224.36%
2	MARUTI Maruti Suzuki India Limited NIFTY50NSEAI	13,127.00	28.09	₹4.13 L Cr	1.07%	17.22%	14.43%	16.60%	21.11%
3	M&M Mahindra & Mahindra Limited NIFTY50NSEAI	3,045.60	20.00	₹3.66 L Cr	1.08%	17.26%	18.75%	18.44%	18.48%
4	TITAN Titan Company Limited NIFTY50NSE	4,074.90	71.43	₹3.61 L Cr	0.27%	38.43%	37.13%	23.83%	16.00%
5	ETERNAL Eternal Limited NSEAITECH	250.58	626.45	₹2.30 L Cr	-	2.87%	1.19%	97.70%	45.90%
6	EICHERMOT Eicher Motors Limited NIFTY50NSEAI	7,177.00	35.71	₹1.97 L Cr	0.98%	26.43%	23.77%	17.47%	23.70%
7	TVSMOTOR TVS Motor Company Limited NSE	3,355.70	52.91	₹1.59 L Cr	0.36%	28.86%	31.62%	26.91%	31.46%
8	HYUNDAI HYUNDAI MOTOR INDIA LTD NSE	1,924.00	28.82	₹1.56 L Cr	1.09%	32.62%	29.92%	5.50%	4.87%
9	MOTHERSON Samvardhana Motherson International Limited NSEAI	145.74	39.82	₹1.53 L Cr	0.41%	11.82%	10.11%	17.10%	37.17%

Quarterly Results

Figures in INR.

Metric	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	-	-	97,863.00 Cr	1.04 L Cr	71,714.00 Cr	69,605.00 Cr	1.05 L Cr
Cost of Revenue	-	-	59,734.00 Cr	66,890.00 Cr	47,946.00 Cr	43,823.00 Cr	66,578.00 Cr
Gross Profit	-	-	38,129.00 Cr	36,902.00 Cr	23,768.00 Cr	25,782.00 Cr	38,345.00 Cr
Operating Expenses	-	-	35,991.00 Cr	40,229.00 Cr	37,278.00 Cr	37,651.00 Cr	39,720.00 Cr
Operating Income	-	-	2,138.00 Cr	-3,327.00 Cr	-13,510.00 Cr	-11,869.00 Cr	-1,375.00 Cr
EBITDA	-	-	15,433.00 Cr	11,819.00 Cr	-2,513.00 Cr	918.00 Cr	13,136.00 Cr
Interest Expense	-	-	828.00 Cr	938.00 Cr	686.00 Cr	682.00 Cr	767.00 Cr
Pretax Income	-	-	9,888.00 Cr	5,561.00 Cr	-8,070.00 Cr	-4,733.00 Cr	7,277.00 Cr
Tax Provision	-	-	2,647.00 Cr	1,558.00 Cr	-1,702.00 Cr	-1,250.00 Cr	1,399.00 Cr
Net Income	-	-	8,470.00 Cr	3,924.00 Cr	76,170.00 Cr	-3,486.00 Cr	5,783.00 Cr
Diluted EPS	-	-	23.00	10.65	-17.50	-9.47	15.70

Profit & Loss (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue	-	3.43 L Cr	4.31 L Cr	3.63 L Cr	3.33 L Cr
Cost of Revenue	-	2.28 L Cr	2.75 L Cr	2.21 L Cr	2.14 L Cr
Gross Profit	-	1.15 L Cr	1.56 L Cr	1.42 L Cr	1.19 L Cr
Operating Expenses	-	1.22 L Cr	1.48 L Cr	1.46 L Cr	1.51 L Cr
Operating Income	-	-7,137.46 Cr	8,377.00 Cr	-3,755.00 Cr	-31,322.00 Cr
EBITDA	-	38,479.77 Cr	63,293.00 Cr	55,611.00 Cr	21,457.00 Cr
Interest Expense	-	10,225.48 Cr	7,594.00 Cr	3,901.00 Cr	2,827.00 Cr
Pretax Income	-	3,393.93 Cr	28,429.00 Cr	28,454.00 Cr	-1,623.00 Cr
Tax Provision	-	704.06 Cr	-4,024.00 Cr	9,060.00 Cr	-246.00 Cr
Net Income	-	2,414.29 Cr	31,399.00 Cr	27,830.00 Cr	82,390.00 Cr
Diluted EPS	-	6.29	81.88	78.75	0.61

Compounded Sales Growth

5 Years:	-0.93%
1 Year:	-11.80%

Compounded Profit Growth

5 Years:	224.36%
1 Year:	-32.90%

Stock Price Performance

1 Year:	-45.16%
6 Months:	+11.76%
3 Months:	+4.33%
1 Month:	+15.33%

Balance Sheet (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Total Assets	-	3.36 L Cr	3.71 L Cr	3.79 L Cr	3.82 L Cr
Current Assets	-	1.52 L Cr	1.68 L Cr	1.60 L Cr	1.39 L Cr
Cash & Equivalents	-	31,886.95 Cr	40,015.00 Cr	34,349.00 Cr	22,880.00 Cr
Inventory	-	40,755.39 Cr	47,788.00 Cr	47,269.00 Cr	50,126.00 Cr
Receivables	-	15,737.97 Cr	16,952.00 Cr	13,248.00 Cr	12,619.00 Cr
Total Liabilities	-	2.83 L Cr	2.78 L Cr	2.56 L Cr	2.63 L Cr
Current Liabilities	-	1.55 L Cr	1.85 L Cr	1.78 L Cr	1.64 L Cr
Long Term Debt	-	91,195.81 Cr	64,697.00 Cr	42,681.00 Cr	44,248.00 Cr
Total Debt	-	1.37 L Cr	1.10 L Cr	74,004.00 Cr	79,109.00 Cr
Total Equity	-	45,321.79 Cr	84,918.00 Cr	1.16 L Cr	1.12 L Cr
Shares Outstanding	-	382.98 Cr	383.22 Cr	368.13 Cr	368.24 Cr

Cash Flows (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Operating Cash Flow	-	35,388.01 Cr	67,915.00 Cr	63,102.00 Cr	13,041.00 Cr
Investing Cash Flow	-	-16,804.16 Cr	-22,828.00 Cr	-47,594.00 Cr	-24,810.00 Cr
Financing Cash Flow	-	-26,242.90 Cr	-37,006.00 Cr	-18,786.00 Cr	-1,344.00 Cr
Capital Expenditure	-	-18,095.68 Cr	-31,414.00 Cr	-38,042.00 Cr	-36,282.00 Cr
Free Cash Flow	-	17,292.33 Cr	36,501.00 Cr	25,060.00 Cr	-23,241.00 Cr
Net Change in Cash	-	-7,659.05 Cr	8,081.00 Cr	-3,278.00 Cr	-13,113.00 Cr

Ratios (Annual)

Figures in %.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Gross Margin %	-	33.5%	36.3%	39.1%	35.8%
Operating Margin %	-	-2.1%	1.9%	-1.0%	-9.4%
Net Margin %	-	0.7%	7.3%	7.7%	24.7%
ROE %	-	5.3%	37.0%	24.0%	73.5%
ROCE %	-	-3.9%	4.5%	-1.9%	-14.4%

Shareholding Pattern

Insiders

44.15%

Institutions

25.84%

Public Float

46.27%

Analyst View

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TMPV · Consumer Cyclical