Skip to main content
Swing Capital

Tata Motors Passenger Vehicles Ltd

NSE: TMPV BSE: 500570Auto

Tata Motors Group is a global automobile manufacturer. Part of the multi-national conglomerate, the Tata group, it offers a wide and diverse portfolio of cars, sports utility vehicles, etc.

₹353
52W: ₹294 — ₹449
PE 29 · Book ₹67.8 · +421% vs book
Market Cap₹1,29,990 Cr
Stock P/E29Price to Earnings
ROCE16.4%Return on Capital
ROE15.4%Return on Equity
Div. Yield1.71%Face Value ₹2

Strengths

  • +Company has reduced debt.
  • +Company has been maintaining a healthy dividend payout of 23.6%

Weaknesses

  • −Earnings include an other income of Rs.89,074 Cr.
  • −Promoter holding has decreased over last 3 years: -3.83%

Shareholding Pattern

Promoters42.56%
FIIs17.29%
DIIs16.79%
Public23.06%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters46.36%42.58%▼3.842.58%42.58%42.57%▼0.042.57%42.56%▼0.042.56%
FIIs18.18%20.54%▲2.418.66%▼1.917.84%▼0.817.17%▼0.717.13%▼0.017.88%▲0.817.29%▼0.6
DIIs15.93%16.08%▲0.116.54%▲0.516.88%▲0.316.93%▲0.117.03%▲0.115.08%▼2.016.79%▲1.7
Public19.39%20.49%▲1.121.91%▲1.422.39%▲0.523.01%▲0.622.97%▼0.024.14%▲1.223.06%▼1.1

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales18,66920,26016,86212,05512,14112,97711,03812,95515,26818,598
Expenses16,69317,84214,95711,30611,49712,15810,66312,44814,57917,539
Operating Profit1,9762,4181,9057496448193755076891,059
OPM %11%12%11%6%5%6%3%4%5%6%
Net Profit4,5702,1262,1906611,4711,5935,26682,081-233455
EPS ₹13.756.46.591.844.3314.3222.91-0.631.24

AI Insights

Revenue Trend

Mar 2026 revenue at ₹57,859Cr, down 16.7% YoY. OPM at 5%.

Debt Position

Borrowings at ₹2,873Cr. Debt-to-equity ratio: 0.12x. Healthy balance sheet.

Capex Cycle

CWIP at ₹604Cr (4% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 16.79% (-0.59pp change). FIIs: 17.29% (-0.43pp change). Promoters hold 42.56%.

Margin & Efficiency

ROCE improving from -6% (Mar 2015) to 16% (Mar 2026). Working capital days: -48.

Valuation

PE 29x with 16.4% ROCE. Price is 421% above book value of ₹67.8. Dividend yield: 1.71%.

Recent Announcements