As of 6 Nov 2026, Tata Motors trades at 24.8× trailing earnings, below the industry P/E of 33.1×, and the shares are 16% below their 52-week high. It earns ROCE of 26% and ROE of 26%. Its dividend yield is 0.9%, and debt is 0.25× equity. It is a large-cap company with a market cap of ₹1.6 lakh crore, ranked 7th of 20 Auto Manufacturers companies by market cap; the shares rose 29% over the past year.
- ₹427.85
- ₹432.45
- ₹420.60
- ₹429.05
- 73 L
Health check
- ReturnsAhead
+29.2% over a year, better than 7 of 7 peers.
- Price tagCheaper
P/E 24.8 vs industry 33.1.
- Growthn/a
Not enough yearly results to measure.
- ProfitabilityAverage
ROCE 25.5% vs peer median 26.4%.
- Balance sheetSolid
Debt 0.25× equity, interest covered 6.3×, Piotroski 6 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Large cap
Market sensitivity
Key metrics
- Market cap
- ₹1.6L Cr
- Large cap
- P/E
- 24.8
- Industry 33.1
- Price to book
- 10.26
- Peers 8.21
- Dividend yield
- 0.94%
- ROE
- 26.0%
- Peers 24.1%
- ROCE
- 25.5%
- Peers 26.4%
- Debt to equity
- 0.25
- Debt ₹3,780 Cr
- EPS (TTM)
- ₹17.15
- Face value ₹2
- OPM (TTM)
- 9.6%
- Net margin 6.7%
- Sales growth
- +36.5%
- Latest quarter vs a year ago
- Profit growth
- n/a
- Year-ago quarter not reported
- Price to sales
- 1.67
- EV/EBITDA 15.9
Strengths and risks
Strengths
- Return on equity of 26.0%.
- Return on capital employed of 25.5%.
- Quarterly sales up 36.5% on a year ago.
- P/E of 24.8 against an industry P/E of 33.1.
- Positive operating cash flow in each of the last 3 years.
About Tata Motors
Tata Motors Limited engages in the design, manufacture, and sale of automotive vehicles in India, South Korea, and internationally. The company offers pick-ups, trucks, buses, small commercial vehicles, and electric vehicles. It also provides related spare parts, accessories, and distribution and services of vehicles. The company was formerly known as TML Commercial Vehicles Limited and changed its name to Tata Motors Limited in October 2025. Tata Motors…
- Headquarters
- Mumbai
- Employees
- 20,635
- Sector
- Consumer Cyclical
- ISIN
- INE1TAE01010
- Website
- tatamotors.com
Price range
- Avg volume (3M)
- 72.1 L
- 1-year return
- plus 29.2%
- From 52-week high
- minus 16.4%
Analyst consensus
Peers · Auto Manufacturers
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| MARUTIMaruti Suzuki India | 12,750.00 | plus 0.77% | 4,00,863 | 29.8 | 17.8 | 17.2% | 10.2% | 0.00 | 15.9% | minus 17.7% |
| M&MMahindra & Mahindra | 3,287.20 | plus 5.11% | 3,94,715 | 19.0 | 13.0 | 17.1% | 18.2% | 1.25 | 17.5% | minus 12.7% |
| BAJAJ-AUTOBajaj Auto | 10,900.00 | plus 1.32% | 2,99,536 | 23.3 | 23.0 | 26.1% | 21.0% | 0.70 | 19.5% | plus 22.9% |
| TVSMOTORTVS Motor Company | 4,491.70 | plus 0.94% | 2,13,457 | 55.8 | 110.3 | 28.8% | 14.5% | 3.21 | 20.2% | plus 28.1% |
| EICHERMOTEicher Motors | 7,669.50 | minus 0.56% | 2,10,544 | 36.5 | 35.4 | 26.4% | 25.2% | 0.02 | 17.5% | plus 11.3% |
| HYUNDAIHyundai Motor India | 2,130.00 | plus 0.42% | 1,73,071 | 37.8 | 19.0 | 32.6% | 10.3% | 0.03 | 5.5% | minus 11.4% |
| TMCVTata Motors | 425.50 | minus 0.83% | 1,56,704 | 24.8 | 16.0 | 25.5% | 10.4% | 0.25 | – | plus 29.2% |
| HEROMOTOCOHero MotoCorp | 5,513.00 | minus 0.02% | 1,10,349 | 18.4 | 13.9 | 31.9% | 14.0% | 0.06 | 11.7% | plus 3.9% |
| Median of 7 peers | – | 0.77% | 2,13,457 | 29.8 | 19.0 | 26.4% | 14.5% | 0.06 | 17.5% | 3.9% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 18,491 | 21,732 | 25,974 | 20,576 | 25,232 | |
| 18,324 | 20,126 | 22,935 | 18,652 | 22,843 | |
| 167 | 1,606 | 3,039 | 1,924 | 2,389 | |
| 0.9% | 7.4% | 11.7% | 9.4% | 9.5% | |
| 2,037 | 1,347 | 712 | 633 | 738 | |
| 256 | 198 | 166 | 135 | 100 | |
| 472 | 483 | 510 | 508 | 539 | |
| −2,037 | −1,347 | −452 | 1,056 | −490 | |
| −561 | 925 | 2,623 | 2,970 | 1,998 | |
| −54.5% | 23.8% | 31.6% | 13.9% | 37.2% | |
| −867 | 705 | 1,793 | 2,560 | 1,257 | |
| -2.35 | 1.91 | 4.87 | 6.95 | 3.41 |
Profit & loss
- ROE
- 26.0%
| ₹ Cr | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| 4,31,212 | 57,788 | 83,390 | |
| – | minus 86.6% | +44.3% | |
| 3,95,565 | 30,581 | 75,908 | |
| 35,647 | 27,207 | 7,482 | |
| 8.3% | 47.1% | 9.0% | |
| 29,975 | 1,453 | 3,802 | |
| 7,594 | 1,079 | 874 | |
| 27,270 | 23,256 | 1,945 | |
| −2,329 | −237 | −3,802 | |
| 28,429 | 4,088 | 4,663 | |
| −14.2% | 21.8% | 35.0% | |
| 32,045 | 3,195 | 3,030 | |
| – | minus 90.0% | minus 5.2% | |
| 86.94 | 8.67 | 8.23 |
Forecast
Balance sheet
| ₹ Cr | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| 767 | 736 | 736 | |
| 84,151 | 9,797 | 11,998 | |
| 1,07,264 | 9,925 | 5,615 | |
| 1,78,482 | 26,393 | 33,960 | |
| 3,70,664 | 46,851 | 52,309 | |
| 92,400 | 12,438 | 12,578 | |
| 11,216 | 753 | 730 | |
| 12,463 | 974 | 6,576 | |
| 59,725 | 5,267 | 13,060 | |
| 1,94,860 | 27,419 | 19,365 | |
| 3,70,664 | 46,851 | 52,309 |
Cash flow
| ₹ Cr | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| 67,915 | 63,102 | 14,981 | |
| −22,828 | −47,594 | −3,451 | |
| −37,006 | −18,786 | −5,223 | |
| 8,081 | −3,278 | 6,307 | |
| −31,414 | −38,042 | −2,248 | |
| 36,501 | 25,060 | 12,733 | |
| −769 | −2,303 | – |
Shareholding pattern
- Promoters42.51%
- Public57.49%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 42.51% | 57.49% | minus 0.05 | |
| 30 Jun 2026 | 42.56% | 57.44% | 0.00 | |
| 31 Mar 2026 | 42.56% | 57.44% | 0.00 | |
| 31 Dec 2025 | 42.56% | 57.44% | 0.00 | |
| 12 Nov 2025 | 42.56% | 57.44% | – |
Major shareholders
Filings & events
News
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