Tata Motors Passenger Vehicles Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- ✓Attractively valued vs sector (P/E 22.6x vs industry 40.6x)
Concerns
- ✗Low capital efficiency (ROCE 2.7%)
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| MARUTI Maruti Suzuki India Limited | ₹13,035 | ₹4.1L Cr | 27.9 | 3.82 | 14.4 | 19 | 0 |
| M&M Mahindra & Mahindra Limited | ₹3,039 | ₹3.7L Cr | 21.1 | 4.06 | 20.8 | 15.4 | 1.53 |
| BAJAJ-AUTO Bajaj Auto Limited | ₹10,350 | ₹2.9L Cr | 26.7 | 7.45 | 29.1 | 28.2 | 0.58 |
| EICHERMOT Eicher Motors Limited | ₹7,050 | ₹2.0L Cr | 35.2 | 7.7 | 24 | 30.5 | 0.02 |
| TVSMOTOR TVS Motor Company Limited | ₹3,377 | ₹1.6L Cr | 52.5 | 16.8 | 33.8 | 17.4 | 3.89 |
| MOTHERSON Samvardhana Motherson International Limited | ₹143 | ₹1.5L Cr | 37 | 3.7 | 10.9 | 13.1 | 0.53 |
| HYUNDAI Hyundai Motor India Limited | ₹1,905 | ₹1.5L Cr | 28 | 7.74 | 29.9 | 38.4 | 0.05 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
TMPV · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 46.37% | 46.36% | 46.36% | 42.58% | 42.58% | 42.58% |
| FII | 18.62% | 19.20% | 18.18% | 20.54% | 18.66% | 17.84% |
| DII | 17.25% | 16.01% | 15.93% | 16.08% | 16.54% | 16.88% |
| Public | 17.60% | 18.31% | 19.39% | 20.49% | 21.91% | 22.39% |
| Govt | 0.14% | 0.14% | 0.14% | 0.29% | 0.31% | 0.31% |
Corporate Events
To consider and approve the financial results for the period ended March 31, 2026 and dividend
Demerger
Dividend - Rs 6 Per Share
Dividend - Rs 3 Per Share & Special Dividend - Rs 3 Per Share
Dividend - Rs 2 Per Share
Financials
Quarterly Results
| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹70.1K Cr ▼3.1% | ₹72.3K Cr ▼17.5% | ₹87.7K Cr ▼10.9% | ₹98.4K Cr ▲4.1% | ₹94.5K Cr ▲12.9% | ₹83.7K Cr ▼21.9% | ₹1.1L Cr ▼10.0% | ₹1.2L Cr |
| Op. Profit | ₹879 Cr ▲162.6% | ₹-1.4K Cr ▼117.2% | ₹8.2K Cr ▼43.3% | ₹14.4K Cr ▲38.3% | ₹10.4K Cr ▲4.9% | ₹9.9K Cr ▼35.0% | ₹15.2K Cr ▼8.6% | ₹16.7K Cr |
| OPM | 1.0% ▲150.0% | -2.0% ▼122.2% | 9.0% ▼40.0% | 15.0% ▲36.4% | 11.0% ▼8.3% | 12.0% ▼14.3% | 14.0% ▲0.0% | 14.0% |
| Net Profit | ₹-3.5K Cr ▼104.6% | ₹76.2K Cr ▲1804.8% | ₹4.0K Cr ▼53.2% | ₹8.6K Cr ▲56.0% | ₹5.5K Cr ▲55.8% | ₹3.5K Cr ▼66.7% | ₹10.6K Cr ▼39.6% | ₹17.5K Cr |
| EPS (₹) | -9.47 ▼104.6% | 206.85 ▲1840.4% | 10.66 ▼53.7% | 23.01 ▲56.6% | 14.69 ▲56.9% | 9.36 ▼70.4% | 31.63 ▼39.6% | 52.37 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹3.4L Cr ▼23.7% | ₹4.4L Cr ▲1.3% | ₹4.3L Cr ▲25.5% | ₹3.5L Cr ▲24.2% | ₹2.8L Cr ▲11.5% | ₹2.5L Cr ▼4.3% | ₹2.6L Cr ▼13.5% | ₹3.0L Cr ▲3.6% | ₹2.9L Cr ▲8.1% | ₹2.7L Cr |
| Expenses | ₹3.2L Cr ▼17.4% | ₹3.8L Cr ▲2.0% | ₹3.8L Cr ▲19.8% | ₹3.1L Cr ▲23.8% | ₹2.5L Cr ▲16.7% | ₹2.2L Cr ▼10.5% | ₹2.4L Cr ▼12.3% | ₹2.8L Cr ▲6.6% | ₹2.6L Cr ▲8.3% | ₹2.4L Cr |
| Op. Profit | ₹18.9K Cr ▼66.3% | ₹56.1K Cr ▼2.9% | ₹57.8K Cr ▲81.7% | ₹31.8K Cr ▲28.7% | ₹24.7K Cr ▼23.4% | ₹32.3K Cr ▲79.5% | ₹18.0K Cr ▼27.1% | ₹24.7K Cr ▼21.6% | ₹31.5K Cr ▲6.3% | ₹29.6K Cr |
| OPM | 6.0% ▼53.8% | 13.0% ▲0.0% | 13.0% ▲44.4% | 9.0% ▲0.0% | 9.0% ▼30.8% | 13.0% ▲85.7% | 7.0% ▼12.5% | 8.0% ▼27.3% | 11.0% ▲0.0% | 11.0% |
| Other Income | ₹86.1K Cr ▲693.5% | ₹10.9K Cr ▲125.8% | ₹4.8K Cr ▼27.9% | ₹6.7K Cr ▲174.9% | ₹2.4K Cr ▲121.8% | ₹-11.1K Cr ▼11000.0% | ₹102 Cr ▲100.4% | ₹-26.7K Cr ▼549.8% | ₹5.9K Cr ▲217.4% | ₹1.9K Cr |
| Interest | ₹2.8K Cr ▼44.4% | ₹5.1K Cr ▼33.1% | ₹7.6K Cr ▼25.7% | ₹10.2K Cr ▲9.8% | ₹9.3K Cr ▲15.0% | ₹8.1K Cr ▲11.8% | ₹7.2K Cr ▲25.8% | ₹5.8K Cr ▲23.0% | ₹4.7K Cr ▲10.5% | ₹4.2K Cr |
| Depreciation | ₹19.8K Cr ▼14.9% | ₹23.3K Cr ▼14.6% | ₹27.2K Cr ▲9.6% | ₹24.9K Cr ▲0.1% | ₹24.8K Cr ▲5.5% | ₹23.5K Cr ▲9.9% | ₹21.4K Cr ▼9.2% | ₹23.6K Cr ▲9.5% | ₹21.6K Cr ▲20.4% | ₹17.9K Cr |
| PBT | ₹82.4K Cr ▲113.2% | ₹38.7K Cr ▲39.1% | ₹27.8K Cr ▲718.6% | ₹3.4K Cr ▲148.5% | ₹-7.0K Cr ▲33.1% | ₹-10.5K Cr ▲1.0% | ₹-10.6K Cr ▲66.3% | ₹-31.4K Cr ▼381.2% | ₹11.2K Cr ▲19.8% | ₹9.3K Cr |
| Tax % | 0.0% ▼100.0% | 27.0% ▲292.9% | -14.0% ▼166.7% | 21.0% ▼65.0% | 60.0% ▲150.0% | 24.0% ▲500.0% | 4.0% ▲150.0% | -8.0% ▼120.5% | 39.0% ▲11.4% | 35.0% |
| Net Profit | ₹82.6K Cr ▲193.6% | ₹28.1K Cr ▼11.5% | ₹31.8K Cr ▲1082.4% | ₹2.7K Cr ▲123.8% | ₹-11.3K Cr ▲15.6% | ₹-13.4K Cr ▼11.9% | ₹-12.0K Cr ▲58.3% | ₹-28.7K Cr ▼416.0% | ₹9.1K Cr ▲20.3% | ₹7.6K Cr |
| EPS (₹) | 223.74 ▲196.0% | 75.6 ▼20.0% | 94.47 ▲1199.4% | 7.27 ▲121.1% | -34.45 ▲15.0% | -40.51 ▼3.7% | -39.08 ▲60.9% | -99.84 ▼420.7% | 31.13 ▲20.6% | 25.82 |
| Div Payout | 1.0% ▼87.5% | 8.0% ▲14.3% | 7.0% ▼78.1% | 32.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Liabilities | ||||||||||
| Equity Capital | ₹737 Cr ▲0.1% | ₹736 Cr ▼4.0% | ₹767 Cr ▲0.1% | ₹766 Cr ▲0.0% | ₹766 Cr ▲0.0% | ₹766 Cr ▲6.4% | ₹720 Cr ▲6.0% | ₹679 Cr ▲0.0% | ₹679 Cr ▲0.0% | ₹679 Cr |
| Reserves | ₹1.1L Cr ▼4.7% | ₹1.2L Cr ▲37.1% | ₹84.2K Cr ▲88.9% | ₹44.6K Cr ▲1.7% | ₹43.8K Cr ▼19.6% | ₹54.5K Cr ▼12.6% | ₹62.4K Cr ▲4.8% | ₹59.5K Cr ▼37.2% | ₹94.7K Cr ▲65.1% | ₹57.4K Cr |
| Borrowings | ₹67.3K Cr ▼6.0% | ₹71.5K Cr ▼33.3% | ₹1.1L Cr ▼20.0% | ₹1.3L Cr ▼8.4% | ₹1.5L Cr ▲3.0% | ₹1.4L Cr ▲13.9% | ₹1.2L Cr ▲17.5% | ₹1.1L Cr ▲19.4% | ₹89.0K Cr ▲13.2% | ₹78.6K Cr |
| Other Liabilities | ₹1.7L Cr ▼12.2% | ₹1.9L Cr ▲6.7% | ₹1.8L Cr ▲14.2% | ₹1.6L Cr ▲12.5% | ₹1.4L Cr ▼4.3% | ₹1.4L Cr ▲9.0% | ₹1.3L Cr ▼5.0% | ₹1.4L Cr ▼2.4% | ₹1.4L Cr ▲5.1% | ₹1.4L Cr |
| Total Liabilities | ₹3.4L Cr ▼8.7% | ₹3.8L Cr ▲2.0% | ₹3.7L Cr ▲10.4% | ₹3.3L Cr ▲1.7% | ₹3.3L Cr ▼3.7% | ₹3.4L Cr ▲6.7% | ₹3.2L Cr ▲4.7% | ₹3.1L Cr ▼6.6% | ₹3.3L Cr ▲20.0% | ₹2.7L Cr |
| Assets | ||||||||||
| Fixed Assets | ₹1.6L Cr ▲42.6% | ₹1.2L Cr ▼4.6% | ₹1.2L Cr ▼8.2% | ₹1.3L Cr ▼4.9% | ₹1.4L Cr ▲0.1% | ₹1.4L Cr ▲9.1% | ₹1.3L Cr ▲14.3% | ₹1.1L Cr ▼8.4% | ₹1.2L Cr ▲26.5% | ₹95.9K Cr |
| CWIP | ₹21.7K Cr ▼67.0% | ₹65.8K Cr ▲84.3% | ₹35.7K Cr ▲150.1% | ₹14.3K Cr ▲39.2% | ₹10.3K Cr ▼51.1% | ₹21.0K Cr ▼41.1% | ₹35.6K Cr ▲11.7% | ₹31.9K Cr ▼20.4% | ₹40.0K Cr ▲18.8% | ₹33.7K Cr |
| Investments | ₹26.2K Cr ▼26.4% | ₹35.7K Cr ▲55.2% | ₹23.0K Cr ▼12.9% | ₹26.4K Cr ▼10.2% | ₹29.4K Cr ▲19.3% | ₹24.6K Cr ▲51.0% | ₹16.3K Cr ▲3.4% | ₹15.8K Cr ▼24.2% | ₹20.8K Cr ▲2.3% | ₹20.3K Cr |
| Other Assets | ₹1.3L Cr ▼17.9% | ₹1.6L Cr ▼15.7% | ₹1.9L Cr ▲17.1% | ₹1.6L Cr ▲7.5% | ₹1.5L Cr ▼4.3% | ₹1.6L Cr ▲11.4% | ₹1.4L Cr ▼3.9% | ₹1.5L Cr ▲1.3% | ₹1.4L Cr ▲18.2% | ₹1.2L Cr |
| Total Assets | ₹3.4L Cr ▼8.7% | ₹3.8L Cr ▲2.0% | ₹3.7L Cr ▲10.4% | ₹3.3L Cr ▲1.7% | ₹3.3L Cr ▼3.7% | ₹3.4L Cr ▲6.7% | ₹3.2L Cr ▲4.7% | ₹3.1L Cr ▼6.6% | ₹3.3L Cr ▲20.0% | ₹2.7L Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹63.1K Cr ▼7.1% | ₹67.9K Cr ▲91.9% | ₹35.4K Cr ▲147.8% | ₹14.3K Cr ▼50.7% | ₹29.0K Cr ▲8.9% | ₹26.6K Cr ▲41.0% | ₹18.9K Cr ▼20.8% | ₹23.9K Cr ▼21.0% | ₹30.2K Cr ▼20.3% | ₹37.9K Cr |
| Investing CF | ₹-50.0K Cr ▼119.4% | ₹-22.8K Cr ▼47.8% | ₹-15.4K Cr ▼246.9% | ₹-4.4K Cr ▲82.7% | ₹-25.7K Cr ▲22.5% | ₹-33.1K Cr ▼58.6% | ₹-20.9K Cr ▲16.9% | ₹-25.1K Cr ▲36.5% | ₹-39.6K Cr ▼7.8% | ₹-36.7K Cr |
| Financing CF | ₹-18.8K Cr ▲49.2% | ₹-37.0K Cr ▼41.0% | ₹-26.2K Cr ▼676.4% | ₹-3.4K Cr ▼134.1% | ₹9.9K Cr ▲192.2% | ₹3.4K Cr ▼61.6% | ₹8.8K Cr ▲338.9% | ₹2.0K Cr ▼67.6% | ₹6.2K Cr ▲263.5% | ₹-3.8K Cr |
| Net Cash Flow | ₹-5.7K Cr ▼169.7% | ₹8.1K Cr ▲229.6% | ₹-6.3K Cr ▼197.1% | ₹6.5K Cr ▼51.2% | ₹13.2K Cr ▲527.9% | ₹-3.1K Cr ▼145.2% | ₹6.8K Cr ▲837.4% | ₹730 Cr ▲123.1% | ₹-3.2K Cr ▼22.3% | ₹-2.6K Cr |
| Free Cash Flow | ₹26.0K Cr ▼29.1% | ₹36.7K Cr ▲123.4% | ₹16.4K Cr ▲2610.4% | ₹-655 Cr ▼107.2% | ₹9.1K Cr ▲415.6% | ₹-2.9K Cr ▲82.3% | ₹-16.3K Cr ▼46.1% | ₹-11.2K Cr ▼178.9% | ₹14.2K Cr ▲119.7% | ₹6.5K Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 11d ▼21.4% | 14d ▼17.6% | 17d ▲6.3% | 16d ▼15.8% | 19d ▲18.8% | 16d ▼30.4% | 23d ▼8.0% | 25d ▲31.6% | 19d ▲5.6% | 18d |
| Inventory Days | 63d ▼1.6% | 64d ▼3.0% | 66d ▼7.0% | 71d ▼14.5% | 83d ▲1.2% | 82d ▲12.3% | 73d ▼12.0% | 83d ▲7.8% | 77d ▲5.5% | 73d |
| Days Payable | 131d ▲4.0% | 126d ▼1.6% | 128d ▼9.2% | 141d ▼19.4% | 175d ▲20.7% | 145d ▲9.0% | 133d ▼11.9% | 151d ▲9.4% | 138d ▲0.0% | 138d |
| Cash Conv. Cycle | -56d ▼16.7% | -48d ▼6.7% | -45d ▲15.1% | -53d ▲28.4% | -74d ▼54.2% | -48d ▼26.3% | -38d ▲11.6% | -43d ▼4.9% | -41d ▲10.9% | -46d |
| Working Capital Days | -62d ▼12.7% | -55d ▲12.7% | -63d ▲28.4% | -88d ▲21.4% | -112d ▼21.7% | -92d ▼17.9% | -78d ▼9.9% | -71d ▼2.9% | -69d ▼9.5% | -63d |
| ROCE | 20.0% ▲5.3% | 19.0% ▲216.7% | 6.0% ▲500.0% | 1.0% ▼83.3% | 6.0% | 0.0% ▼100.0% | 2.0% ▼77.8% | 9.0% ▲0.0% | 9.0% ▼40.0% | 15.0% |
Source: Screener.in · Lower days = better efficiency
Deep Dive Analysis
About Tata Motors Passenger Vehicles Limited
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.
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