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Tata Motors Ltd share Price Today

Company details

966.00
978.75
468.30
1,065.60
6M Return 45.57%
1Y Return 107.40%
Mkt Cap.(Cr) 323,582.61
Volume 7,187,959
Div Yield 0.21%
OI
-
OI Chg %
-
Volume 7,187,959

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Commercial Vehicles company Tata Motors announced Q3FY24 & 9MFY24 results:

  • TML delivered a strong performance in Q3FY24 with Revenue of Rs 110.6K crore (up 25.0%), EBITDA at Rs 15.8K crore (up 60.6%) and EBIT of Rs 9.2K crore ( Rs 5.3K crore) with all automotive verticals continuing their profitable growth trajectory.
  • PBT (bei) improved by Rs 4.4K crore to Rs 7.6K crore and Net Profit was Rs 7.1K crore. For 9MFY24, the business reported strong PBT (bei) of Rs 19.0K crore, an improvement of Rs 22.6K crore over the previous year.
  • Net Automotive debt reduced further to Rs 29.2K crore. JLR revenue improved 22% to £7.4 billion.
  • Improved wholesales and reduced material costs resulted in EBIT margins of 8.8% ( 510bps).
  • CV revenue improved by 19.2% and EBIT improved to 8.6% ( 270bps) benefiting from higher realisations and richer mix.
  • PV revenues were up by 10.6% and EBIT margins improved by 60 bps to 2.1% led by savings in commodity costs.
  • Achieved net debt reduction of Rs 9.5K crore in Q3 and we are confident of achieving our deleveraging plans.
  • Segmental Performance:
    • JLR Revenue 7.4 billion Pound up 22%, EBITDA at 16.2% ( 410 bps), EBIT at 8.8% ( 510 bps)
    • Tata CV Revenue Rs 20.1K crore, up 19.2%, EBITDA at 11.1% ( 270 bps), EBIT at 8.6% ( 270 bps)
    • Tata PV Revenue Rs 12.9K crore, up 10.6%, EBITDA at 6.6% (-30 bps), EBIT at 2.1% ( 60 bps)

PB Balaji, Group Chief Financial Officer, Tata Motors said: “It is satisfying to see our businesses execute well on their differentiated strategies and deliver a strong set of results for the quarter, thereby making it six quarters of consistent delivery. We aim to end the year on a strong footing and remain confident of sustaining our performance in the coming quarters and delivering on our de-leveraging plans.”

Adrian Mardell, JLR Chief Executive Officer, said: “We have delivered a further outstanding financial performance in quarter three, with our best quarterly profit for seven years and our highest ever revenue for the first nine months of a financial year. Sales of our modern luxury vehicles hit new records in the quarter and we are excited about the strong client interest for our soon-to-launch Range Rover Electric. I must attribute these results to our talented and dedicated people, who work relentlessly to bring our exceptional modern luxury cars to the market. Looking ahead, we are mindful of the challenges our business will face but are confident that we will continue to successfully deliver our Reimagine Strategy.”

Result PDF

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Tata Motors Ltd shares SWOT Analysis

Strengths (11)

  • Company with high TTM EPS Growth
  • Strong Annual EPS Growth
  • Companies with rising net profit margins - quarterly as well as TTM basis

Weakness (3)

  • Companies with High Debt
  • MFs decreased their shareholding last quarter
  • Declining Net Cash Flow : Companies not able to generate net cash

Opportunity (1)

  • Highest Recovery from 52 Week Low

Threats (2)

  • Promoter decreasing their shareholding
  • Red Flags: Firms linked to ongoing regulatory investigations/legal cases

Resistance and support

R1 979.5
R2 985.5
R3 992.3
Pivot

972.77

S1 966.8
S2 960.0
S3 954.0
EMA SMA
988.2
956.0
886.0
781.4
991.1
970.8
873.1
751.6
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
SEB ASIENFOND EX JAPAN Block Purchase 2024-03-07 1017.65 185410 NSE
SEB FUND 3 SEB PENSION FUND Block Sell 2024-03-07 1017.65 185410 NSE
CITIBANK NA Bulk Sell 2023-08-10 598.77 34892000 NSE
Name Category Shares
Tata Sons Private Limited PROMOTER 43.69%
Tata Industries Limited PROMOTER 2.17%

OUR RESEARCH VIEW

Investment recommendation
All round performance, recent run-up to limit upside…
Call Date
07 Feb 2024
Entry Price 940.00
Target Price 1,000.00
Duration
12-18 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Tata Motors Ltd Stocks COMPARISON

Financials( in Cr) Tata Motors Ltd Maruti Suzuki India Ltd Mahindra & Mahindra Ltd Bajaj Auto Ltd Eicher Motors Ltd
Price 973.55 12,785.50 2,090.65 8,795.75 4,466.95
% Change 1.07 0.59 0.37 -0.10 2.83
Mcap Cr 323,582.61 401,979.96 259,978.39 249,078.05 122,294.37
Revenue TTM Cr 345,966.97 117,571.30 121,268.55 36,455.38 14,442.18
Net Profit TTM Cr 2,353.49 8,211.00 11,374.48 6,060.21 2,913.94
PE TTM 16.04 32.96 23.36 31.85 31.89
1 Year Return 107.40 47.30 72.00 106.19 35.79
ROCE 5.32 13.92 13.71 26.47 26.46
ROE 5.52 11.52 21.98 20.47 21.12
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 45,321.79 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 19,463.02 -3,609.06
LAST 3M 83,632.14 32,580.07
LAST 6M 140,794.69 70,960.51
LAST 12M 216,582.31 196,780.81
Tata Motors Limited - Loss of Share Certificates

Apr 22, 2024 l NSE Announcement

Tata Motors Limited - Updates

Apr 19, 2024 l NSE Announcement

Tata Motors Limited - Loss of Share Certificates

Apr 18, 2024 l NSE Announcement

Date Action Type Ratio
Jul 28, 2023 Dividend 100

Tata Motors Ltd Information

Stock PE (TTM)
16.04
Promoter Holding
46.36%
Book Value
161.0879
ROCE
5.32%
ROE
5.52%
Description
  • Tata Motors Ltd. is one among India’s largest automobile manufacturers, with a footprint in commercial cars, sports utility vehicles, trucks, buses and defence vehicles. The company operates in two major segments—Automotive Operations and Other Operations.

    Tata Motors was established in 1945 as part of the Tata Group and is headquartered in Mumbai, Maharashtra. On the National Stock Exchange (NSE), it has been allotted the symbol TATAMOTORS while the Bombay Stock Exchange (BSE) has allotted the company the number 500570.

    Tata Motors Ltd. had a market share of Rs. 1,47,454 crore as of April 1, 2022. Tata Motors share price was Rs. 441.10 as of the same date. Tata Motors stock recorded a 52-week high at Rs. 536.50 and a 52-week low at Rs. 268.50. Tata Motors shares have provided investors a return of 44.23% over the course of a year.

    Tata Motors has an international presence and it operates in more than 125 countries where it caters to customer needs from passenger to commercial vehicles. The company’s Automotive Operations operates in four sub-segments—Tata Commercial Vehicles, Tata Passenger Vehicles, Jaguar Land Rover, and Vehicle Financing. The Tata Commercial Vehicles segment manufactures small commercial vehicles, pick-up trucks, medium, and heavy commercial vehicles, intermediate light commercial vehicles, etc. The Tata Passenger Vehicles vertical manufactures passenger vehicles and utility vehicles under the Tata and Fiat brands. The Jaguar Land Rover is its luxury car segment. The Vehicle Financing segment finances new and pre-owned vehicles. As of FY20-21, Tata Motors Ltd. sold 8,37,783 vehicles and had more than 8,800 sales and service points.

    Coming to its financials, the company reported consolidated revenues of Rs. 72,229 crore for the December quarter of 2021. This reflects is a decline of 4.5% compared to the previous year. The major hit came from its Jaguar Land Rover segment, which recorded a decline in revenues of 21.2% compared to the previous year owing to Covid-19. The company also faced chip shortages and low inventories. Tata Motors Ltd.’s pre-tax loss for the quarter was Rs. 834 crore compared to a loss of Rs. 542 crore during the same period for the December quarter of 2020. The EBITDA of the company for the December quarter of 2021 was Rs. 10.2 crore, which shows a decline of 460 basis points from the previous year.

    Disclaimer:- ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest.  I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

Registered Address

Bombay House, 24 Homi Mody Street Fort, Mumbai, Maharashtra, 400001

Tel : 91-22-66658282
Email : inv_rel:tatamotors.com
Website : http://www.tatamotors.com
Registrar

TSR Consultants P Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 500570
NSE Code : TATAMOTORS
Book Closure Date (Month) : Jul/Aug
BSE Group : A
ISIN : INE155A01022

FAQ’s on Tata Motors Ltd Shares

You can buy Tata Motors Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Tata Motors Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Apr 22, 2024 03:59 PM the closing price of Tata Motors Ltd was ₹ 973.55.

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 Apr 22, 2024 03:59 PM, the market cap of Tata Motors Ltd stood at ₹ 323,582.61.

The latest PE ratio of Tata Motors Ltd as of Apr 22, 2024 03:59 PM is 16.04

The latest PB ratio of Tata Motors Ltd as of Apr 22, 2024 03:59 PM is 0.17

The 52-week high of Tata Motors Ltd share price is ₹ 1,065.60 while the 52-week low is ₹ 468.30

According to analyst recommendations, Tata Motors Ltd Share has a “Buy” rating for the long term.

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