TATA MOTORS PASSENGER VEHICLES LIMITED
₹265.20-₹0.80 (-0.3%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹1,28,332 Cr
- P/E
- 19.4x
- EV / EBITDA
- 12.0x
- Revenue
- ₹69,419 Cr
- Net margin
- 10.8%
- ROCE
- 17.2%
Price chart
Technical chartScreen technicals →-35.7% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -6.9%
- 3M
- -20.6%
- 6M
- -22.4%
- 1Y
- -35.7%
- 5Y
- -45.8%
52-week range
Day change -₹0.80 (-0.3%) from ₹266 to ₹265 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in TMPV, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Healthy return on equity of 26.2%
Concerns1
- Other income is 50.4% of PBT — a large share of earnings is non-operating
Rule-based from financial data. Not advice.
About the company
Tata Motors Passenger Vehicles Limited designs, develops, manufactures, and sells various automotive vehicles. The company offers passenger cars; sports utility vehicles; and electric vehicles, as well as related spare parts and accessories.
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Tata Motors Passenger Vehicles Limited designs, develops, manufactures, and sells various automotive vehicles. The company offers passenger cars; sports utility vehicles; and electric vehicles, as well as related spare parts and accessories. It also manufactures engines for industrial applications; and factory automation equipment, as well as provides information technology, insurance broking, and vehicle financing services. It operates in India, China, the United States, the United Kingdom, rest of Europe, and internationally. The company was formerly known as Tata Motors Limited and changed its name to Tata Motors Passenger Vehicles Limited in October 2025. Tata Motors Passenger Vehicles Limited was incorporated in 1945 and is headquartered in Mumbai, India.
- Sector
- Automobiles & Components
- Shares outstanding
- 367 Cr shares
- ISIN
- INE155A01022
- BSE code
- 500570
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹1,28,332 Cr
- P/E
- 19.4x
- P/B
- 5.2x
- EV / EBITDA
- 12.0x
- EV / Sales
- 1.9x
- P/S
- 1.8x
- Earnings yield
- 5.2%
- 52-week high
- ₹417.05
- 52-week low
- ₹261.40
Profitability
- Operating margin
- 10.4%
- Net margin
- 10.8%
- EBITDA margin
- 15.8%
- ROE
- 26.2%
- ROCE
- 17.2%
- ROA
- 12.0%
- Dividend payout
- 29.0%
- Tax rate
- -1.0%
- Other income, % of PBT
- 50.4%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹69,419 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -5.3%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 10.8%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹11,574 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 128.3%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -31.0%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹8,662 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 81.4%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹2,958 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 7.0%
Solvency and efficiency
- Current ratio
- 2.33
- Debt / Equity
- 0.47
- Debt / Assets
- 0.21
- Debt / EBITDA
- 1.23
- Interest coverage
- 4.46
- Financial leverage
- 2.19
- CFO / Net profit
- 1.10
- Cash / Market cap
- 14.1%
- Cash per share
- ₹49.49
- Asset turnover
- 1.11
- Fixed asset turnover
- 5.11
- Capital intensity
- 0.20
- Debtor days
- 14 days
- Inventory turnover
- 15.21
- Cash conversion cycle
- -55 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹8 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹61,408 Cr |
| Sales | Operating profit | ₹8,011 Cr |
| Operating profit | Interest | ₹1,122 Cr |
| Operating profit | Depreciation | ₹2,008 Cr |
| Operating profit | Profit before tax | ₹4,881 Cr |
| Other income | Profit before tax | ₹2,471 Cr |
| Profit before tax | Tax and other | ₹1,900 Cr |
| Profit before tax | Net profit | ₹5,452 Cr |
Revenue and net profit
Revenue fell 5.3% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹30,175 Cr | -₹2,395 Cr |
| FY2022 | ₹47,264 Cr | -₹1,391 Cr |
| FY2023 | ₹65,757 Cr | ₹2,728 Cr |
| FY2024 | ₹73,303 Cr | ₹7,902 Cr |
| FY2025 | ₹69,419 Cr | ₹5,452 Cr |
Cash flows
FY2025: ₹9,795 Cr from operations, ₹5,974 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹6,680 Cr | ₹3,692 Cr |
| FY2022 | ₹5,282 Cr | ₹601 Cr |
| FY2023 | ₹4,775 Cr | ₹5,692 Cr |
| FY2024 | ₹8,662 Cr | ₹10,154 Cr |
| FY2025 | ₹9,795 Cr | ₹5,974 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹69,419 Cr-5.3%1Y
- Net profit
- ₹5,452 Cr-31.0%1Y
- Cash from operations
- ₹9,795 Cr
- Free cash flow
- ₹5,974 Cr-41.2%1Y
- Revenue CAGR, 5Y
- 10.8%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹69,419 Cr | ₹8,011 Cr | — | ₹5,452 Cr | ₹9,795 Cr | ₹5,974 Cr | 16.3% | -5.3% | -31.0% |
Monthly returns
Month-by-month returns of TMPV across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹65,420 Cr |
| Equity capital | ₹736 Cr |
| Reserves | ₹32,706 Cr |
| Borrowings | ₹9,006 Cr |
| Other liabilities | ₹22,972 Cr |
| Assets | ₹65,420 Cr |
| Fixed assets | ₹14,115 Cr |
| Capital work in progress | ₹1,824 Cr |
| Investments | ₹34,284 Cr |
| Other assets | ₹15,197 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
TMPV trades at 19.4x earnings against a peer median of 34.8x (a 44% discount).
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| TATA MOTORS PASSENGER VEHICLES LIMITEDTMPVthis companyP/E ↓ discount | ₹1.3 L Cr | 19.4x | 5.2x | 26.2% | 12.0x |
| Eicher Motors Ltd.EICHERMOT | ₹2.0 L Cr | 43.2x | 10.6x | — | — |
| HYUNDAI MOTOR INDIA LIMITEDHYUNDAI | ₹1.9 L Cr | 33.4x | 11.0x | 57.9% | 17.7x |
| TVS Motor Company Ltd.TVSMOTOR | ₹1.8 L Cr | 56.6x | 18.3x | 26.9% | 49.0x |
| Tata Motors LimitedTMCV | ₹1.6 L Cr | 578.0x | — | — | — |
| Samvardhana Motherson International LimitedMOTHERSON | ₹1.2 L Cr | 65.4x | 3.2x | 3.0% | 73.9x |
| Tata Power Co. LtdTATAPOWER | ₹1.2 L Cr | 50.4x | 6.2x | 14.1% | 23.2x |
| Hero MotoCorp LimitedHEROMOTOCO | ₹1.1 L Cr | 23.9x | 5.5x | 22.1% | 19.0x |
| Bosch LtdBOSCHLTD | ₹1.1 L Cr | 49.2x | 8.0x | — | — |
| Peer median | — | 34.8x | 5.2x | 16.1% | 21.0x |
Year-to-date ROI
TMPV since 1 January, against earlier years.
Historical volatility
TMPV's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 4.0% |
| FY2022 | 3.0% |
| FY2023 | 7.0% |
| FY2024 | 10.0% |
| FY2025 | 12.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹69,419 Cr |
| Costs | |
| Interest | ₹1,122 Cr |
| Expenses | ₹61,408 Cr |
| Operating profitOperating Profit | ₹8,011 Cr |
| Other income and charges | |
| Profit before tax | ₹7,352 Cr |
| Tax | |
| Net profitNet Profit | ₹5,452 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹65,420 Cr |
| Equity capitalEquity Capital | ₹736 Cr |
| Reserves | ₹32,706 Cr |
| Borrowings | ₹9,006 Cr |
| Other liabilitiesOther Liabilities | ₹22,972 Cr |
| AssetsTotal Assets | ₹65,420 Cr |
| Fixed assetsFixed Assets | ₹14,115 Cr |
| Capital work in progressCWIP | ₹1,824 Cr |
| Investments | ₹34,284 Cr |
| Other assetsOther Assets | ₹15,197 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹9,795 Cr |
| Investing cash flowCash from Investing Activity | -₹3,821 Cr |
| Financing cash flowCash from Financing Activity | -₹8,932 Cr |
| Change in cashNet Cash Flow | -₹2,958 Cr |
Learn while you research
Academy chapters picked for TATA MOTORS PASSENGER VEHICLES LIMITED and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Sectors & IndustriesHow to classify and compare companies across sectors.6 min read
- 04 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read
- 05 How to Read a Cash-Flow StatementProfit can be manipulated; cash flow rarely lies.7 min read