TMCVCapital Goods

Tata Motors Limited

Commercial Vehicles · ISIN INE1TAE01010 · BSE 544569 · NSE EQ · FV ₹2
Last price
₹436
+2.79%today
What this company does

Tata Motors Limited operates in Commercial Vehicles, part of the Capital Goods sector. It booked ₹20,667 cr of revenue in its latest quarter (Q1 FY27) and kept 12.4% of sales as profit. It is the largest of 4 Commercial Vehicles companies we track, by market value.

74out of 100
Equitytale Health Score
Solid

Healthier than 74% of companies in Capital Goods, on the 5 of 6 measures we could read for it. Each measure is ranked against the 90–113 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
43

At close. Not part of the score.

Profitability & returns90

How much profit it earns on the money it employs

Balance sheet30

How much it owes, and whether earnings cover the interest

Cash quality97

Whether reported profit actually arrives as cash

Valuation63

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Promoters hold 43%
No promoter shares pledged
Strong 80% return on equity
Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in TMCV?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 5% a year, it would become
₹15.50 lakh

The slider starts at 5%, taken from a generic assumption, not this company's history. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹436 +2.79%
latest close · 2026-09-17
52-wk low ₹39842 sessions so far52-wk high ₹488
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio15.7Average
LowAverageHigh
P/B ratio12.62High
Below bookModerateHigh
EV / EBITDA11.0Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity80.4%Strong
WeakFairStrong ▸15%
Return on capital56.8%Strong
WeakFairStrong
Net margin12.4%Decent
ThinDecentStrong
EBITDA margin17.4%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.38Comfortable
LowModerateHigh ▸1
Interest cover22.8×Strong
RiskyOkayStrong ▸5×
Current ratio0.76Tight
Tight ◂1HealthyAmple
More figures
Market cap
₹1.61 L cr
Book value
₹35
EPS
₹6.95
latest quarter
Net debt
₹-2,082 cr
more cash than debt
Enterprise value
₹1.59 L cr
EBITDA
₹14,356 cr
annualised
EBIT
₹12,324 cr
annualised
Operating margin
14.9%
Return on assets
19.6%
Earnings yield
6.37%
P/S
1.94
Sales / share
₹224.3
Tax rate
14.1%
Face value
₹2
Shares
368.5 cr
Working capital
₹-7,395 cr
Current assets
₹23,208 cr
Current liabilities
₹30,603 cr
Delivery %
53.0%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the exchange filings
not investment advice
Hard to value confidentlyLow confidence
Too few reliable models — the filings don't support two independent estimates of value.
Models span ₹548₹548, midpoint ₹548

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹20,667 cr
Other Income₹396 cr
Total Income₹21,063 cr
Cost of Materials₹12,771 cr
Purchases of Stock-in-Trade₹2,136 cr
Inventory Change (±)₹-671 cr
Employee Benefit Expense₹1,590 cr
Finance Costs₹135 cr
Depreciation & Amortisation₹508 cr
Other Expenses₹1,569 cr
Total Expenses₹18,038 cr
Exceptional Items₹-79 cr
Profit before Tax₹2,946 cr
Tax Expense₹414 cr
Share of JV / Associates₹24 cr
Net Profit₹2,556 cr
Net margin on total income12.1%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹14,236 cr67.8%
Employee benefit expense₹1,590 cr7.6%
Finance costs₹135 cr0.6%
Depreciation & amortisation₹508 cr2.4%
Other expenses₹1,569 cr7.5%
Tax expense₹414 cr2.0%
Profit for the period₹2,556 cr12.2%
Total income ₹21,063 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue21,847 cr26,098 cr20,667 cr
Total income22,179 cr26,415 cr21,063 cr
Expenses19,645 cr24,134 cr18,038 cr
Profit before tax891 cr2,516 cr2,946 cr
Tax220 cr830 cr414 cr
Net profit (owners' share)705 cr1,793 cr2,560 cr
Net margin (owners' share, on revenue)3.2%6.9%12.4%
EPS (₹)1.914.876.95
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹52,309 cr
Shareholder equity
₹12,734 cr
parent shareholders
Total debt
₹4,817 cr
Cash
₹6,899 cr
Cash flow · H1 FY26
Operating
₹1,534 cr
Investing
₹1,646 cr
Financing
₹-2,391 cr
Peer comparison
Commercial Vehicles · by market value
CompanyPriceMarket capP/E
Tata Motors Limitedthis company₹436₹1.61 L cr15.7
Ashok Leyland Limited₹159₹93,172 cr37.8
SML Mahindra Limited₹6,221₹9,007 cr35.4
Atul Auto Limited₹441₹1,225 cr38.6
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.92%
trailing 12 months
Dividend / share (TTM)
₹4
Last dividend
₹4
ex 12 Jun 2026
ActionDetailEx-date
Dividend₹4 / share12 Jun 2026
Who owns it · 2026-06-30
No pledge
Promoter
42.6%
FII / Foreign
18.6%
DII / Domestic
18.4%
Retail / others
20.4%
Smart-money activity
Bulk / block deals
short · NSE27515 Sep 26
short · NSE3510 Sep 26
short · NSE18 Sep 26
Stake changes
BoughtTata Sons Private Ltd · promoter→ 42.71% · 157.27 cr12 Nov 25
Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 364 named members
owning 42.5% between them · as of 2026-06-30
Tata Sons Private Limited40.14%
Tata Industries Limited1.96%
Tata Investment Corporation Limited0.30%
Ewart Investments Limited0.09%
Tata Chemicals Limited0.05%
The Tata Power Company Limited0.01%
3-101-951221 SOCIEDAD ANONIMAno shares
915 Labs Incno shares
Business done with them
FY2026 · 8 of the group
The company paid ₹1,824 cr to companies in the promoter group last year — about 2.2% of its ₹83,855 cr revenue and received ₹1,742 cr back from them.
Tata Capital Limited
Transfers Under Finance Agreements To Entity · Sale of investments, Bills discounted, Interest income, Interest expense, Finance given (including loans and equity), Borrowings towards lease liability, Repayment towards lease liability
₹1,248 cr
company paid
TIL Motor Hub Trading FZE
Sold goods to them · Sale of products
₹878 cr
company received
TATA ADVANCED SYSTEMS LIMITED
Sold goods to them · Sale of products, Services rendered
₹679 cr
company received
TATA CONSULTANCY SERVICES LIMITED
Paid them for services · Services received
₹244 cr
company paid
TATA SONS PRIVATE LIMITED
Paid them for services · Services received
also owns 40.14% of the company
₹212 cr
company paid
Tata Capital Limited
Transfers Under Finance Agreements From Entity · Sale of investments, Bills discounted, Interest income, Interest expense, Finance given (including loans and equity), Borrowings towards lease liability, Repayment towards lease liability
₹78 cr
company received
TATA ADVANCED SYSTEMS LIMITED
Paid them for services · Sale of products, Services rendered
₹70 cr
company paid
Tata Capital Limited
Other income from them · Sale of investments, Bills discounted, Interest income, Interest expense, Finance given (including loans and equity), Borrowings towards lease liability, Repayment towards lease liability
₹58 cr
company received
Tata Capital Limited
Contribution received from them · Sale of investments, Bills discounted, Interest income, Interest expense, Finance given (including loans and equity), Borrowings towards lease liability, Repayment towards lease liability
₹49 cr
company received
Tata Capital Limited
Other payments to them · Sale of investments, Bills discounted, Interest income, Interest expense, Finance given (including loans and equity), Borrowings towards lease liability, Repayment towards lease liability
₹23 cr
company paid
TATA AUTOCOMP SYSTEMS LIMITED
Bought property or assets from them · Purchase of property, plant and equipment
₹14 cr
company paid
Tata Consulting Engineers Limited
Bought property or assets from them · Purchase of property, plant and equipment
₹7 cr
company paid
Tata AutoComp Gotion Green Energy Solutions Private Limited
Bought property or assets from them · Purchase of property, plant and equipment
₹6 cr
company paid

The company also transacted with 10 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.