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Consumer Durables

Tata Motors Ltd.

Company Background

Tata Motors is a core company of Tata group, one of India's three largest conglomerates. It occupies the leading position in the Indian commercial vehicle market and has also ranked among the top five passenger car brands in the country. With a strong emphasis on exports, the company runs auto manufacturing and assembly plants in South Africa and the U.K. and currently operates in more than 170 countries.

Founded in 1945 as a manufacturer of commercial vehicles, Tata Motors initially focused on production of trucks and buses for the domestic market. Tata Motors' transformation into a passenger car manufacturer started in the latter half of the 1990s. Its Indica compact car, released in 1998, proved to be a big hit and helped the company solidify its status as a passenger-car maker. In 2009, the company made a global splash when it unveiled its ultralow-cost Nano at a price of 100,000 rupees (around $2,000 at the time).

Tata Motors is known for its highly active mergers-and-acquisitions strategy. The Indian company acquired South Korean automaker Daewoo's truck manufacturing unit in 2004, and it bought the U.K. luxury car brand Jaguar Land Rover in 2008. These deals set the stage for Tata Motors' accelerated global expansion.

The company's largest shareholder is Tata Sons, the holding company of Tata group. The Indian automaker is under the leadership of Tata group Chairman Cyrus Mistry. It is listed on the New York Stock Exchange since 2004.

Business Summary

Tata Motors Ltd. is an automobile manufacturer with a portfolio that includes a range of cars, utility vehicles, trucks, buses, and defense vehicles. It operates through the Automotive and Others segments. The Automotive segment includes all activities relating to the development, design, manufacture, assembly and sale of vehicles including vehicle financing, as well as sale of related parts and accessories. It also consists of sub-segments, such as, Tata Commercial Vehicles, Tata Passenger Vehicles, Jaguar Land Rover, and Vehicle Financing. The Others segment includes information technology and insurance broking services. The company was founded on September 1, 1945 and is headquartered in Mumbai, India.

Financial Highlights

Mar 2022 INRUSD
Revenue2,776.74B37,266.92M
Gross Profit333,259.30M4,472.70M
Operating income-12,783.60M-171.56M
Income before tax-70,034.10M-939.93M
Net income-114,414.70M-1,535.56M
EBITDA235,573.30M3,161.64M
Diluted EPS-29.68-0.39
Dividends Per Share00
Total Assets3,306.19B43,631.79M
Total liabilities2,791.47B36,838.93M
Total equity445,612.40M5,880.73M
Operating cash flow57,163.60M767.19M
Currency in INRCurrency in USD

Historical Data

 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 2,824.12B 3,088.94B 2,658.82B 2,507.74B 2,776.74B
Gross Profit 319,994.80M 432,003.80M 358,886.90M 332,859.60M 333,259.30M
Operating income -12,061.50M 76,057M 27,032.30M 72,344.60M -12,783.60M
Income before tax 111,550.30M -313,711.50M -105,799.80M -104,742.80M -70,034.10M
Net income 89,889.10M -288,262.30M -120,708.50M -134,513.90M -114,414.70M
EBITDA 203,474.40M 311,963.30M 241,286.60M 307,811.70M 235,573.30M
Diluted EPS 26.27 -84.25 -34.62 -36.73 -29.68
Dividends Per Share 0 0 0 0 0
Total Assets 3,313.50B 3,071.94B 3,221.21B 3,431.25B 3,306.19B
Total liabilities 2,353.97B 2,434.72B 2,548.97B 2,829.96B 2,791.47B
Total equity 954,279.10M 601,795.60M 630,785.30M 552,467.20M 445,612.40M
Operating cash flow 209,346.60M 128,784.40M 208,626M 213,249.60M 57,163.60M
 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 43,808.00M 44,163.95M 37,497.82M 33,781.21M 37,266.92M
Gross Profit 4,963.77M 6,176.53M 5,061.44M 4,483.86M 4,472.70M
Operating income -187.09M 1,087.41M 381.24M 974.53M -171.56M
Income before tax 1,730.37M -4,485.26M -1,492.11M -1,410.96M -939.93M
Net income 1,394.36M -4,121.40M -1,702.37M -1,812.00M -1,535.56M
EBITDA 3,156.30M 4,460.26M 3,402.90M 4,146.44M 3,161.64M
Diluted EPS 0.40 -1.20 -0.48 -0.49 -0.39
Dividends Per Share 0 0 0 0 0
Total Assets 50,803.72M 44,344.21M 42,579.76M 46,930.40M 43,631.79M
Total liabilities 36,091.90M 35,145.78M 33,693.70M 38,706.37M 36,838.93M
Total equity 14,631.31M 8,687.05M 8,338.06M 7,556.26M 5,880.73M
Operating cash flow 3,247.39M 1,841.28M 2,942.29M 2,872.62M 767.19M

Valuation Measures

Mar 2022
PER--
ROA-3.39%
ROE-22.92%
Operating margin-0.46%
Profit margin-4.12%

Key executives

  • Co-President & Chief Purchasing Officer: Thomas Flack
  • Co-President & Chief Technology Officer: Rajendra Petkar
  • Co-President & Chief Human Resources Officer: Ravindra Kumar G.P
  • Group Chief Financial Officer: Pathamadai B. Balaji
  • Secretary & Compliance Officer: Maloy Kumar Gupta

Shareholders

  • Tata Sons Pvt Ltd. (45.9%)
  • Life Insurance Corporation of India (Investment Portfolio) (5.0%)
  • The Vanguard Group, Inc. (1.4%)
  • SBI Funds Management Pvt Ltd. (1.2%)
  • RADHESHYAM JHUNJHUNWALA RAKESH (1.0%)
  • BlackRock Fund Advisors (1.0%)
  • Nippon Life India Asset Management Ltd. (Invt Mgmt) (0.8%)
  • HDFC Asset Management Co. Ltd. (Invt Mgmt) (0.7%)
  • UTI Asset Management Co. Ltd. (Investment Management) (0.7%)
  • Dimensional Fund Advisors LP (0.6%)

Contact Details

  • Website:http://www.tatamotors.com
  • Address: 4th Floor, Ahura Centre, 82 Mahakali Caves Road, Mumbai, 400093, India
  • Phone: +91.22.62407101

Related Companies

  • TML CV Mobility Solutions Ltd.
  • Jaguar Land Rover Technology & Business Services India
  • Tata Motors Passenger Vehicles Ltd.
  • Brabo Robotics & Automation Ltd.
  • TML Business Services Ltd.
  • Tata Daewoo Commercial Vehicle Sales & Distribution Co., Ltd.
  • Tata Motors Ltd. Gratuity Fund
  • Tata Motors Ltd. Provident Fund
  • Tata Motors Ltd. Superannuation Fund
  • TAL Manufacturing Solutions Ltd. /Non Aerospace Business/
  • Tata Motors Insurance Broking & Advisory Services Ltd.
  • Fusion Automotive Pty Ltd.
  • TML Drivelines Ltd.
  • Granted Revenue Sdn. Bhd.
  • TML Holdings Pte Ltd. (Singapore)
  • Tata Hispano Motors Carroseries Maghreb SA
  • Tata Precision Industries Pte Ltd.
  • TML Distribution Co. Ltd.
  • Trilix Srl
  • TMF Holdings Ltd.
  • Tata Technologies Co.
  • TATA Technologies Iks
  • BHPC Auto Securitisation Trust
  • Tata Motors European Technical Centre Plc
  • Tata AutoComp Systems Ltd.
  • Daewoo Commercial Vehicle Co Ltd
  • Tata Hispano Motors Carrocera SA
  • Tata Finance Ltd.

Competitors

  • Volkswagen AG Pref
  • Toyota Motor Corp.
  • Mercedes-Benz Group AG
  • Bayerische Motoren Werke AG
  • Nissan Motor Co., Ltd.
  • Tesla Inc
  • KAMAZ PTC
  • Polestar Automotive Holding UK PLC Sponsored ADR Class A
  • Daewon Sanup Co., Ltd.
  • Ebusco Holding N.V.
  • Deutsch Motors Inc.
  • Modine Manufacturing Company
  • Carasso Motors Ltd
  • China Auto Logistics, Inc.
  • Faraday Future Intelligent Electric, Inc.
Last Updated on 30 Nov, 2022

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