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рднрд╛рд░рдд рдХреЗ рдСрдЯреЛ рд▓реЙрдмреА рдиреЗ рд╣рд╛рдЗрдмреНрд░рд┐рдб рдИрд╡реНрд╣реА рдХреА рдмрд┐рдХреНрд░реА рдмрдврд╝рд╛рдиреЗ рдХреЗ рд▓рд┐рдП рд╕рд░рдХрд╛рд░ рд╕реЗ рдЯреИрдХреНрд╕ рдореЗрдВ рдмрд░рд╛рдмрд░реА рдХреА рдорд╛рдВрдЧ рдХреА

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Published on 20th November 2025, 12:36 AM

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Author

Akshat Lakshkar | Whalesbook News Team

Overview

рднрд╛рд░рдд рдХреА рдкреНрд░рдореБрдЦ рдЙрджреНрдпреЛрдЧ рд▓реЙрдмреА, рдПрд╕реЛрд╕рдЪреИрдо (Assocham), рдиреЗ рд░реЗрдВрдЬ-рдПрдХреНрд╕рдЯреЗрдВрдбреЗрдб рдЗрд▓реЗрдХреНрдЯреНрд░рд┐рдХ рд╡рд╛рд╣рдиреЛрдВ (REEVs) рдХреЗ рд▓рд┐рдП рдмреИрдЯрд░реА рдЗрд▓реЗрдХреНрдЯреНрд░рд┐рдХ рд╡рд╛рд╣рдиреЛрдВ (BEVs) рдХреЗ рд╕рдорд╛рди рдЯреИрдХреНрд╕ рд▓рд╛рдн рдкреНрд░рджрд╛рди рдХрд░рдиреЗ рдХреЗ рд▓рд┐рдП рд╕рд░рдХрд╛рд░ рд╕реЗ рдЕрдиреБрд░реЛрдз рдХрд┐рдпрд╛ рд╣реИред REEVs рдЕрдкрдиреА рдмреИрдЯрд░реА рдЪрд╛рд░реНрдЬ рдХрд░рдиреЗ рдХреЗ рд▓рд┐рдП рдПрдХ рдЫреЛрдЯрд╛ рдЖрдВрддрд░рд┐рдХ рджрд╣рди рдЗрдВрдЬрди (ICE) рдХрд╛ рдЙрдкрдпреЛрдЧ рдХрд░рддреЗ рд╣реИрдВ, рдЬрд┐рд╕рд╕реЗ рд░реЗрдВрдЬ рдХреА рдЪрд┐рдВрддрд╛ (range anxiety) рдХрдо рд╣реЛрддреА рд╣реИред рдПрд╕реЛрд╕рдЪреИрдо рдЪрд╛рд╣рддрд╛ рд╣реИ рдХрд┐ рдЙрдиреНрд╣реЗрдВ BEVs рдХреА рддрд░рд╣ 5% GST рдорд┐рд▓реЗ рддрд╛рдХрд┐ рдСрдЯреЛрдореЗрдХрд░ рдЗрди рдореЙрдбрд▓реЛрдВ рдХреЛ рдкреЗрд╢ рдХрд░рдиреЗ рдХреЗ рд▓рд┐рдП рдкреНрд░реЛрддреНрд╕рд╛рд╣рд┐рдд рд╣реЛрдВ рдФрд░ рднрд╛рд░рдд рдореЗрдВ рд╕реНрд╡рдЪреНрдЫ рдИрдВрдзрди рд╡рд╛рд▓реА рдХрд╛рд░реЛрдВ рдХреА рдкреИрда рдмрдврд╝реЗ, рд╣рд╛рд▓рд╛рдВрдХрд┐ рдЗрд╕ рдореБрджреНрджреЗ рдкрд░ рдСрдЯреЛ рдирд┐рд░реНрдорд╛рддрд╛рдУрдВ рдХреЗ рдмреАрдЪ рдорддрднреЗрдж рд╣реИред

Tata Motors Passenger Vehicles Ltd

тВ╣ 3620.68%
21 Nov тАУ close price
ЁЯФЧtatamotors.comтАвBSE: 500570тАвNSE: TMPV
Market CapтВ╣ 1,33,411 Cr.
Current PriceтВ╣ 362
High / LowтВ╣ 497
Stock P/E20.2
Book ValueтВ╣ 66.7
Dividend Yield1.66 %
ROCE20.3 %
ROE17.9 %
Face ValueтВ╣ 2.00
SalesтВ╣ 61,032 Cr.
OPM8.75 %
Mar CapтВ╣ 1,33,411 Cr.

ABOUT

Tata Motors Group is a leading global automobile manufacturer. Part of the illustrious multi-national conglomerate, the Tata group, it offers a wide and diverse portfolio of cars, sports utility vehicles, trucks, buses and defence vehicles to the world.It has operations in India, the UK, South Korea, South Africa, China, Brazil, Austria and Slovakia through a strong global network of subsidiaries, associate companies and Joint Ventures (JVs), including Jaguar Land Rover in the UK and Tata Daewoo in South Korea.[1]

KEY POINTS

Business Segments1) Jaguar Land Rover (71% in 9M FY25 vs 67% in FY22):[1][2]The company offers premium luxury vehicles throughJaguar Land Rover, which it acquired in 2008 for $2.3 billion. TheJaguarbrand offers luxury sedans, electric vehicles, and sports cars, while Land Rover focuses on SUVs and off-road vehicles.[3][4]

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.Maruti Suzuki15977.0033.99502371.870.843349.007.9542344.2013.0721.70160633.8012.2214779.403349.005.0411.690.00
2.M & M3749.6032.77466361.400.673963.7515.8546105.6721.5713.93175704.2218.9514232.393673.325.635.511.53
3.Hyundai Motor I2335.9033.82189838.020.901570.2517.3817061.031.1054.2566889.4113.205612.651570.2511.1719.970.05
4.Tata Motors PVeh362.2520.15133410.991.6682081.00-1680.0012955.007.4720.2661032.008.756620.63-237.005.438.650.12
5.Force Motors16901.0027.1522270.470.24350.70159.722081.407.2229.998624.1514.46820.18350.676.3511.530.00
6.Olectra Greentec1325.9076.2910902.390.0349.434.18656.6225.3920.521968.1313.68142.9149.559.707.460.33
7.Mercury EV-Tech36.9979.67702.710.001.727.5034.0174.595.15122.868.418.821.722.513.080.03
тАУMedian: 8 Co.1830.933.9177840.730.46960.487.727518.210.2720.3934828.0712.713216.41200.115.998.050.04

Quarterly Results

Standalone figures in тВ╣ crores

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales
14,87414,94715,79420,14215,83318,54218,66920,26016,86212,05517,04019,99911,03812,955
Expenses
14,27214,39414,47318,08714,55416,59916,69317,84214,95711,30615,03117,54710,66312,448
Operating Profit
6035531,3212,0551,2791,9431,9762,4181,9057492,0092,452375507
Other Income
209191173-35-3494543,815371,951938282-236,46682,650
Profit before tax
-140-2525601,086221,4174,8661,5463,0359641,5291,6356,13582,456
Tax %
30%16%10%-148%391%10%6%-38%28%31%8%15%14%0%
Net Profit
-181-2935062,696-641,2704,5702,1262,1906611,4041,3825,26682,081
EPS in Rs
-0.55-0.881.528.12-0.193.8213.756.406.591.803.813.7514.30222.91

Profit & Loss

Standalone Figures in тВ╣ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
34,28836,30242,84544,31657,89769,20343,92830,17547,26465,75773,30369,41961,032
Expenses
35,18437,53940,46042,70655,52364,26344,57928,82145,76561,22665,68861,40855,689
Operating Profit
-895-1,2372,3851,6112,3744,940-6511,3541,4994,5317,6158,0115,343
Other Income
3,2931,4781,4696421,5262,352-1,1281121,0925383,9592,47189,375
Interest
1,3531,6121,5921,5691,7441,7941,9732,1112,1222,0481,7061,122651
Depreciation
2,0702,6032,3293,0373,1023,0993,3751,7311,7611,7672,0172,0082,312
Profit before tax
-1,026-3,975-67-2,353-9472,399-7,127-2,375-1,2921,2557,8517,35291,755
Net Profit
335-4,739-62-2,430-1,0352,021-7,290-2,395-1,3912,7287,9025,45290,133
EPS in Rs
1.16-16.41-0.22-8.41-3.587.00-23.60-7.21-4.198.2123.7714.81244.77
Dividend Payout %
192%-0%-109%-0%-0%-0%-0%-0%-0%28%29%40%тАУ

Compounded Sales Growth

10 Years:7%
5 Years:10%
3 Years:14%
TTM:-10%

Compounded Profit Growth

10 Years:13%
5 Years:26%
3 Years:77%
TTM:19%

Stock Price CAGR

10 Years:4%
5 Years:29%
3 Years:12%
1 Year:-24%

Return on Equity

10 Years:2%
5 Years:9%
3 Years:17%
Last Year:18%

Balance Sheet

Standalone figures in тВ╣ crores

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
644644679679679679720766766766767736737
Reserves
18,53314,21922,58320,48319,49221,48317,66818,29019,17821,70429,37632,70623,825
Borrowings
15,05321,13416,47319,35718,46418,64026,05022,43923,52919,27914,1909,0063,001
Other Liabilities
15,50513,94616,94118,35920,57720,10718,15223,56520,42719,97121,70122,97212,933
Total Liabilities
49,73449,94356,67658,87859,21260,91062,59065,06063,90061,72066,03465,42040,496
Fixed Assets
15,24115,78321,07620,77321,60422,28725,20826,42314,07614,54214,34514,11515,011
Gross Block
28,79131,81439,30539,88643,16645,39751,75055,23530,43929,65831,35232,485тАУ
Accumulated Depreciation
13,55116,03118,23019,11321,56223,11026,54228,81216,36315,11617,00718,370тАУ
CWIP
6,3556,0415,6877,2715,1976,2874,4953,0061,4671,0851,2341,824980
Investments
18,45816,98716,96317,29616,76416,86716,61617,69334,39932,32532,30934,28414,192
Other Assets
9,68011,13212,95013,53915,64815,46916,27117,93713,95713,76818,14615,19710,313
Total Assets
49,73449,94356,67658,87859,21260,91062,59065,06063,90061,72066,03465,42040,496

Cash Flows

Standalone Figures in тВ╣ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
2,463-2,2142,7031,4534,1346,293-1,4556,6805,2824,7758,6629,795
Cash from Investing Activity
2,563246-3,264-2,860-710-3,822-4,637-2,988-4,6819171,492-3,821
Cash from Financing Activity
-5,0342,632-791,209-3,106-2,5307,749-3,472-516-7,021-7,930-8,932
Net Cash Flow
-7663-639-198318-591,65822085-1,3292,224-2,958

Ratios

Standalone Figures in тВ╣ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
131117182217162516131412
Inventory Days
546564654834437737222424
Days Payable
136119113133122971222701419693102
Cash Conversion Cycle
-69-43-32-51-51-47-62-168-87-61-55-66
Working Capital Days
-132-128-80-95-79-66-138-197-148-105-96-74
ROCE %
-3%-6%4%-1%4%11%-6%-0%1%8%16%20%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters
46.39%46.39%46.39%46.38%46.37%46.36%46.36%42.58%42.58%42.58%42.57%42.57%
FIIs
13.89%15.34%17.72%18.40%18.62%19.20%18.18%20.54%18.66%17.84%17.17%17.13%
DIIs
15.21%17.69%17.38%17.37%17.25%16.01%15.93%16.08%16.54%16.88%16.93%17.03%
Public
24.36%20.41%18.38%17.70%17.60%18.31%19.39%20.49%21.91%22.39%23.01%22.97%

* The classifications might have changed from Sep'2022 onwards.тД╣я╕П

Documents

Announcements

Announcement under Regulation 30 (LODR)-Earnings Call Transcript

1d - Transcript of the earning call held on the financial results of the Company for the quarter ended September 30, 2025.

Announcement under Regulation 30 (LODR)-Newspaper Publication

15 Nov - Reg 30 of the SEBI (LODR) Regulations, 2015, we are enclosing herewith the newspaper publication of the financial results of Tata Motors Passenger Vehicles Limited тАж

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

14 Nov - Audio recording of Tata Motors PV earnings conference call for Q2 and H1 FY26 available online.

Intimation Under Regulation 8 Of The SEBI (Prohibition Of Insider Trading) Regulations, 2015

14 Nov - Code of Corporate Disclosure Practices amended Nov 14, 2025; Sachin Bafna appointed CIRO; contact inv_rel@tatamotors.com.

Disclosure Under Regulation 30(5) Of The SEBI (LODR) Regulations, 2015

14 Nov - Board approved KMP changes; Dhiman Gupta appointed CFO effective Nov 17, 2025.

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Financial Year 2023

(from bse)

Financial Year 2022

(from bse)

Financial Year 2021

(from bse)

Financial Year 2020

(from bse)

Financial Year 2019

(from bse)

Financial Year 2018

(from bse)

Financial Year 2017

(from bse)

Financial Year 2016

(from bse)

Financial Year 2015

(from bse)

Financial Year 2014

(from bse)

Financial Year 2013

(from nse)

Financial Year 2013

(from bse)

Financial Year 2012

(from bse)

Credit Ratings

Rating update

20 Oct from crisil

Rating update

16 Oct from icra

Rating update

10 Oct from care

Rating update

10 Oct from care

Rating update

8 Aug from crisil

Rating update

8 Aug from icra

Concalls

Nov 2025

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