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Swing Capital

Tata Motors Ltd

NSE: TMCV BSE: 544569Auto

Tata Motors Commercial Vehicle Limited is the flagship Company of the Tata group, having a long-standing presence in all kinds of small, medium and heavy commercial vehicle segment[1]

₹380
52W: ₹306 — ₹509
PE 23.8 · Book ₹36.4 · +944% vs book
Market Cap₹1,40,002 Cr
Stock P/E23.8Price to Earnings
ROCE111%Return on Capital
ROE87.4%Return on Equity
Div. Yield0%Face Value ₹2

Weaknesses

  • −Stock is trading at 10.1 times its book value

Shareholding Pattern

Promoters42.56%
FIIs19.03%
DIIs17.58%
Public20.49%
CategoryDec 2025Mar 2026
Promoters42.56%42.56%
FIIs18.29%19.03%▲0.7
DIIs16.91%17.58%▲0.7
Public21.91%20.49%▼1.4

Financial Statements

MetricSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales15,51817,04019,99915,68216,86120,40424,452
Expenses13,87715,03517,56113,69514,78417,79821,145
Operating Profit1,6412,0052,4381,9872,0772,6063,307
OPM %11%12%12%13%12%13%14%
Net Profit6431,4171,4191,411-1,0215612,406
EPS ₹000001.526.53

AI Insights

Revenue Trend

Mar 2026 revenue at ₹77,399Cr, up 0% YoY. OPM at 13%.

Debt Position

Borrowings at ₹3,375Cr. Debt-to-equity ratio: 0.27x. Healthy balance sheet.

Capex Cycle

CWIP at ₹673Cr (5% of fixed assets). Moderate ongoing capital expenditure.

Margin & Efficiency

ROCE improving from 0% (Mar 2025) to 111% (Mar 2026). Working capital days: -42.

Valuation

PE 23.8x with 111% ROCE. Price is 944% above book value of ₹36.4. Dividend yield: 0%.

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