Tata Motors Limited
NSE: TMCV · Commercial Vehicles · sector
₹384.05NSE close 2026-10-26
Key numbers
Market cap₹1,41,522 cr
Price₹384.05
52w high / low₹509 / ₹306
P/E33.8xSector median 33.8x
P/B11.1xSector median 5.8x
Book value₹34.6
Dividend yield–Sector median 1.29%
ROE32.9%Sector median 26.3%
ROCE37.4%Sector median 12.9%
OPM8.4%Sector median 10.1%
Debt / equity0.38xSector median 0.38x
EV/EBITDA18.2xSector median 18.2x
Interest cover8.7x
Current ratio0.76x
Sales growth 3y–Sector median +15.9%
Profit growth 3y–Sector median +100.5%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 5 companies in Commercial Vehicles (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹13,050 cr vs borrowings ₹4,817 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 8.7x in the last 12 months.
- Net loss in 1 of the last 4 quarters.
- Other income was 29% of net profit in the last 12 months.
- No dividend in the last 1 financial years.
- Price ₹384.05 on 2026-10-26: -24.5% from the 52-week high, +25.4% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹505.30 · low ₹317.85
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|
| Revenue | 18,585 | 21,847 | 26,098 | 20,667 |
| EBITDA | 7 | 1,240 | 2,875 | 3,193 |
| OPM % | 0.0% | 5.7% | 11.0% | 15.4% |
| Other income | 172 | 332 | 317 | 396 |
| Net profit | -867 | 705 | 1,793 | 2,560 |
| EPS (₹) | -2.35 | 1.91 | 4.87 | 6.95 |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY26 | TTM |
|---|---|---|
| Revenue | 83,855 | 87,197 |
| EBITDA | 6,189 | 7,315 |
| Net profit | 3,051 | 4,191 |
| EPS (₹) | 8.23 | 11.38 |
| Dividend / share (₹) | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | – | – | – |
| Net profit | – | – | – |
| EPS | – | – | – |
| Share price | – | – (2y) | – |
Balance sheet
| ₹ cr | FY26 |
|---|---|
| Shareholders' equity | 12,734 |
| Borrowings | 4,817 |
| Cash & equivalents | 13,050 |
| Total assets | 52,309 |
| Fixed assets | 11,036 |
| Capital work in progress | 712 |
| Investments | 6,547 |
| Receivables | 2,721 |
| Inventory | 5,448 |
| Payables | 15,704 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY26 |
|---|---|
| Cash from operations | 14,981 |
| Cash from investing | -3,451 |
| Cash from financing | -6,090 |
| Capex | 2,248 |
| Free cash flow | 12,733 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY26 |
|---|---|
| ROE % | 24.0% |
| ROCE % | 30.6% |
| Debtor days | 12 |
| Inventory days | 35 |
| Payable days | 101 |
| Cash conversion cycle (days) | -54 |
| Working capital days | -32 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 42.51% |
| FIIs | 19.03% |
| DIIs | 18.60% |
| of which Mutual funds | 11.58% |
| of which Insurance | 5.13% |
| Government | 0.05% |
| Public (non-institutions) | 19.81% |
| Quarter | Nov 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|
| Promoters % | 42.56% | 42.56% | 42.56% | 42.56% | 42.51% |
| Promoter group | % |
|---|---|
| Tata Sons Private Limited | 40.14% |
| Tata Industries Limited | 1.96% |
| Tata Investment Corporation Limited | 0.30% |
| Ewart Investments Limited | 0.09% |
| The Tata Power Company Limited | 0.01% |
| Tata Steel Limited | 0.00% |
| Simto Investment Company Limited | 0.00% |
| Tata Securities Limited | 0.00% |
| Tata Consumer Products Limited | 0.00% |
| Tata Chemicals Limited | 0.00% |
| Actve Digital Services Private Limited | 0.00% |
| Agratas Energy Storage Solutions Private Limited | 0.00% |
| AI Fleet Services IFSC Limited | 0.00% |
| Air India Express Limited | 0.00% |
| Air India Limited | 0.00% |
| Public holders above 1% | % |
|---|---|
| Life Insurance Corporation Of India | 3.34% |
| Icici Prudential India Opportunities Fund | 3.24% |
| Sbi Large Cap Fund | 3.07% |
| Rekha Jhunjhunwala | 1.32% |
| Hdfc Trustee Company Ltd. A/C Hdfc Large Cap Fund | 1.31% |
| Government Pension Fund Global | 1.21% |
| Nps Trust- A/C Sbi Pension Fund Scheme - State Govt | 1.21% |
53,14,442 shareholders. Pledged: – of promoter shares.
Peers in Commercial Vehicles
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| TMCV | ₹1,41,522 cr | 33.8x | 11.1x | 32.9% | 37.4% | 8.4% | – | – |
| ASHOKLEY | ₹83,351 cr | 24.0x | 5.8x | 26.3% | 12.9% | 18.4% | +10.6% | 2.20% |
| SMLMAH | ₹6,684 cr | 45.4x | 11.9x | 29.3% | 36.2% | 8.5% | +15.9% | 0.38% |
| ATULAUTO | ₹1,087 cr | 23.0x | 2.2x | 10.2% | 11.8% | 10.1% | +17.1% | – |
| KETOMOTORS | ₹246 cr | 545.3x | 4.2x | 0.8% | 0.3% | 14.2% | – | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Commercial Vehicle | ₹82,611 cr | 98.5% | ₹8,727 cr | 10.6% |
| Others | ₹968 cr | 1.2% | ₹135 cr | 13.9% |
| Corporate/Unallocable | ₹278 cr | 0.3% | ₹-448 cr | -161.2% |
| Less: Intra segment revenue | ₹-0 cr | 0.0% | ₹0 cr | 0.0% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-06-12 | Dividend | Dividend - Rs 4 Per Share |
Documents
- Annual report FY26
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Automobile Manufacturing: Manufacturing, Sales & Marketing, and Customer Support
| Sector | Industrials |
| Industry | Commercial Vehicles |
| Sub-industry | Commercial Vehicles |
| Symbol | TMCV |
| BSE code | 544569 |
| ISIN | INE1TAE01010 |
| Face value | ₹2.0 |
| Incorporated | 2024-06-23 |
| Website | www.cv.tatamotors.com |
| Plants (India / abroad) | 7 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.