Tata Motors Pass VEH Ltd
NSE: TMPV · Passenger Cars & Utility Vehicles · sector
₹263.70NSE close 2026-10-26
Key numbers
Market cap₹97,173 cr
Price₹263.70
52w high / low₹419 / ₹264
P/E–Sector median 27.6x
P/B0.9xSector median 4.3x
Book value₹304.1
Dividend yield2.27%Sector median 1.12%
ROE69.5%Sector median 21.7%
ROCE-0.7%Sector median 17.3%
OPM3.7%Sector median 12.6%
Debt / equity0.62xSector median 0.05x
EV/EBITDA9.3xSector median 14.2x
Interest cover-0.5x
Current ratio0.84x
Sales growth 3y-1.0%Sector median +22.2%
Profit growth 3y+224.4%Sector median +38.8%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 8 companies in Passenger Cars & Utility Vehicles (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹48,269 cr vs borrowings ₹69,953 cr (FY26): borrowings are higher by ₹21,684 cr.
- Operating profit covered interest -0.5x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 1 of the last 5 years (FY26).
- Net loss in 1 of the last 8 quarters.
- Revenue was higher than a year earlier in 0 of the last 4 quarters.
- Other income was 7% of net profit in the last 12 months.
- Dividend paid in 3 of the last 5 financial years.
- Price ₹263.70 on 2026-10-26: -37.1% from the 52-week high, 0.0% 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 ₹974.65 · low ₹263.70
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,01,450 | 1,13,575 | 1,19,503 | 1,04,407 | 72,349 | 70,108 | 1,05,447 | 95,799 |
| EBITDA | 12,158 | 13,055 | 16,252 | 10,168 | -4,012 | -718 | 11,369 | 6,144 |
| OPM % | 12.0% | 11.5% | 13.6% | 9.7% | -5.5% | -1.0% | 10.8% | 6.4% |
| Other income | 1,566 | 1,790 | 1,509 | 1,519 | 1,461 | 1,467 | 1,633 | 1,129 |
| Net profit | 3,343 | 5,451 | 8,470 | 3,924 | 76,170 | -3,486 | 5,783 | 775 |
| EPS (₹) | 9.72 | 14.81 | 23.40 | 10.66 | -17.50 | -9.47 | 15.71 | 2.10 |
| Revenue YoY | -28.7% | -38.3% | -11.8% | -8.2% | ||||
| Profit YoY | +2,178.5% | -164.0% | -31.7% | -80.2% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 2,78,454 | 3,45,967 | 4,37,928 | 4,39,695 | 3,35,582 | 3,43,703 |
| EBITDA | 24,091 | 33,510 | 58,561 | 55,588 | 14,755 | 12,783 |
| Net profit | -11,441 | 2,414 | 31,399 | 27,830 | 82,390 | 79,242 |
| EPS (₹) | -29.88 | 6.29 | 81.95 | 78.80 | -0.61 | -9.16 |
| Revenue growth | +24.2% | +26.6% | +0.4% | -23.7% | -21.7% | |
| Profit growth | – | +1,200.6% | -11.4% | +196.0% | +274.0% | |
| Dividend / share (₹) | – | – | 2.00 | 3.00 | 6.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -1.0% | +6.1% | -21.7% |
| Net profit | +224.4% | – | +274.0% |
| EPS | – | – | – |
| Share price | – | – (2y) | – |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 45,322 | 84,918 | 1,16,144 | 1,12,068 |
| Borrowings | – | 1,25,660 | 98,500 | 62,499 | 69,953 |
| Cash & equivalents | – | 55,854 | 60,060 | 68,033 | 48,269 |
| Total assets | – | 3,36,081 | 3,70,664 | 3,78,642 | 3,81,922 |
| Fixed assets | – | 84,442 | 81,184 | 81,012 | 73,329 |
| Capital work in progress | – | 5,220 | 10,937 | 17,624 | 26,500 |
| Investments | – | 2,865 | 3,378 | 2,923 | 2,248 |
| Receivables | – | 15,738 | 16,952 | 13,248 | 12,619 |
| Inventory | – | 40,755 | 47,788 | 47,269 | 50,126 |
| Payables | – | 72,056 | 93,979 | 97,368 | 92,780 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 14,283 | 35,388 | 67,915 | 63,102 | 13,041 |
| Cash from investing | -4,775 | -16,804 | -22,828 | -47,594 | -24,810 |
| Cash from financing | -3,380 | -26,243 | -37,006 | -18,786 | -1,344 |
| Capex | 15,168 | 18,096 | 31,414 | 38,042 | 36,282 |
| Free cash flow | -886 | 17,292 | 36,502 | 25,060 | -23,241 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 5.3% | 37.0% | 24.0% | 73.5% |
| ROCE % | – | 7.8% | 20.3% | 21.6% | 0.4% |
| Debtor days | – | 17 | 14 | 11 | 14 |
| Inventory days | – | 66 | 64 | 63 | 85 |
| Payable days | – | 116 | 126 | 131 | 158 |
| Cash conversion cycle (days) | – | -33 | -48 | -57 | -59 |
| Working capital days | – | -4 | -5 | -6 | -29 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 42.50% |
| FIIs | 15.32% |
| DIIs | 17.92% |
| of which Mutual funds | 9.78% |
| of which Insurance | 7.62% |
| Government | 0.06% |
| Public (non-institutions) | 24.20% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 42.58% | 42.58% | 42.57% | 42.57% | 42.56% | 42.56% | 42.51% | 42.50% |
| 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 Chemicals Limited | 0.00% |
| Tata Steel Limited | 0.00% |
| Simto Investment Company Limited | 0.00% |
| Tata Consumer Products Limited | 0.00% |
| Sir Ratan Tata Trust- NN Tata, VSrinivasan, JN Tata, D Khambata, JehangirHC | 0.00% |
| Sir Dorabji Tata Trust- NN Tata, V Singh, VSrinivasan, Darius Khambata, Neville Tata, B Bhat | 0.00% |
| J R D Tata Trust - NN Tata, V Srinivasan, V Singh, Neville Tata | 0.00% |
| Lady Tata Memorial Trust - Dr. M. Chandy, S Sharma, Prof. K. VijayRaghavan | 0.00% |
| Actve Digital Services Private Limited | 0.00% |
| Agratas Energy Storage Solutions Private Limited | 0.00% |
| Public holders above 1% | % |
|---|---|
| Life Insurance Corporation Of India | 5.99% |
| Icici Prudential Value Fund | 2.83% |
| Sbi Nifty 50 Etf | 2.58% |
| Rekha Jhunjhunwala | 1.32% |
61,17,354 shareholders. Pledged: 0.00% of promoter shares.
Peers in Passenger Cars & Utility Vehicles
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| MARUTI | ₹3,52,757 cr | 24.6x | 3.3x | 14.1% | 17.3% | 10.7% | +16.0% | 1.21% |
| M&M | ₹3,18,948 cr | 17.3x | 3.4x | 21.7% | 15.7% | 18.5% | +32.7% | 1.06% |
| HYUNDAI | ₹1,51,783 cr | 30.6x | 7.6x | 27.3% | 31.9% | 11.2% | – | 1.12% |
| TMPV | ₹97,173 cr | – | 0.9x | 69.5% | -0.7% | 3.7% | -1.0% | 2.27% |
| FORCEMOT | ₹21,863 cr | 17.5x | 5.2x | 34.6% | 36.2% | 18.4% | – | 0.24% |
| OLECTRA | ₹7,893 cr | 44.5x | 6.4x | 15.8% | 19.7% | 14.0% | +28.5% | – |
| MERCURYEV | ₹593 cr | – | – | – | – | – | – | – |
| HINDMOTORS | ₹139 cr | 31.3x | 4.3x | -12.4% | -12.2% | – | – | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| - Jaguar and Land Rover | ₹2,73,303 cr | 81.0% | ₹2,680 cr | 1.0% |
| (a) Passenger Vehicle | ₹58,465 cr | 17.3% | ₹825 cr | 1.4% |
| Others | ₹5,513 cr | 1.6% | ₹721 cr | 13.1% |
| (b) Corporate/Unallocable | ₹154 cr | 0.0% | ₹-313 cr | -203.2% |
| Automotive and related activity | ₹0 cr | – | ₹0 cr | – |
| - Tata and other brands vehicles | ₹0 cr | – | ₹0 cr | – |
| Less: Inter segment eliminations | ₹0 cr | – | ₹-72 cr | – |
| Less: Intra segment eliminations | ₹-53 cr | 0.0% | ₹-12 cr | 22.6% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-06-19 | Dividend | Dividend - Rs 3 Per Share |
| 2025-10-14 | Restructuring | Demerger |
| 2025-06-04 | Dividend | Dividend - Rs 6 Per Share |
| 2024-06-11 | Dividend | Dividend - Rs 3 Per Share & Special Dividend - Rs 3 Per Share |
| 2023-07-28 | Dividend | Dividend - Rs 2 Per Share |
| 2016-07-18 | Dividend | Dividend - Re 0.20/- Per Share |
| 2015-07-22 | Other | Annual General Meeting |
| 2015-04-06 | Rights | Rights 6:109 @ Premium Rs. 448/- Per Share |
| 2014-07-09 | Dividend | Annual General Meeting / Dividend - Rs 2/- Per Share |
| 2013-07-30 | Dividend | Annual General Meeting And Dividend Rs.2/- Per Share |
| 2012-07-18 | Dividend | Dividend Rs 4 Per Share |
| 2011-09-12 | Split | Face Value Split From Rs.10/- To Rs.2/- |
| 2011-07-19 | Dividend | Dividend-Rs.20/- Per Share |
| 2010-08-10 | Dividend | Dividend-Rs.15/- Per Share |
| 2009-08-03 | Dividend | Dividend-Rs.6/- Per Share |
| 2008-09-09 | Rights | Rights Eq 1:6/Dif Vot 1:6 |
| 2008-06-16 | Dividend | Dividend-Rs.15 Per Share Purpose Revised |
| 2007-06-01 | Dividend | Agm/Dividend-150% |
| 2006-06-23 | Dividend | Dividend-130% |
| 2005-06-23 | Other | Div Fin-100% + Spl-25% |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- 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 | Consumer Discretionary |
| Industry | Passenger Cars & Utility Vehicles |
| Sub-industry | Passenger Cars & Utility Vehicles |
| Symbol | TMPV |
| BSE code | 500570 |
| ISIN | INE155A01022 |
| Face value | ₹2.0 |
| Incorporated | 1945-09-01 |
| Website | www.cars.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.