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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 2021 INRUSD
Revenue2,507.74B33,781.21M
Gross Profit332,859.60M4,483.86M
Operating income72,344.60M974.53M
Income before tax-104,742.80M-1,410.96M
Net income-134,513.90M-1,812.00M
EBITDA307,811.70M4,146.44M
Diluted EPS-36.73-0.49
Dividends Per Share00
Total Assets3,431.25B46,930.40M
Total liabilities2,829.96B38,706.37M
Total equity552,467.20M7,556.26M
Operating cash flow213,249.60M2,872.62M
Currency in INRCurrency in USD

Historical Data

 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 2,584.35B 2,824.12B 3,088.94B 2,658.82B 2,507.74B
Gross Profit 366,669.70M 319,994.80M 432,003.80M 358,886.90M 332,859.60M
Operating income 43,203M -12,061.50M 76,057M 27,032.30M 72,344.60M
Income before tax 93,147.90M 111,550.30M -313,711.50M -105,799.80M -104,742.80M
Net income 74,543.60M 89,889.10M -288,262.30M -120,708.50M -134,513.90M
EBITDA 222,252.90M 203,474.40M 311,963.30M 241,286.60M 307,811.70M
Diluted EPS 21.78 26.27 -84.25 -34.62 -36.73
Dividends Per Share 0 0 0 0 0
Total Assets 2,737.54B 3,313.50B 3,071.94B 3,221.21B 3,431.25B
Total liabilities 2,152.39B 2,353.97B 2,434.72B 2,548.97B 2,829.96B
Total equity 580,618.90M 954,279.10M 601,795.60M 630,785.30M 552,467.20M
Operating cash flow 261,207.90M 209,346.60M 128,784.40M 208,626M 213,249.60M
 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 38,539.61M 43,808.00M 44,163.95M 37,497.82M 33,781.21M
Gross Profit 5,468.02M 4,963.77M 6,176.53M 5,061.44M 4,483.86M
Operating income 644.27M -187.09M 1,087.41M 381.24M 974.53M
Income before tax 1,389.08M 1,730.37M -4,485.26M -1,492.11M -1,410.96M
Net income 1,111.64M 1,394.36M -4,121.40M -1,702.37M -1,812.00M
EBITDA 3,314.38M 3,156.30M 4,460.26M 3,402.90M 4,146.44M
Diluted EPS 0.32 0.40 -1.20 -0.48 -0.49
Dividends Per Share 0 0 0 0 0
Total Assets 42,158.21M 50,803.72M 44,344.21M 42,579.76M 46,930.40M
Total liabilities 33,146.88M 36,091.90M 35,145.78M 33,693.70M 38,706.37M
Total equity 8,941.54M 14,631.31M 8,687.05M 8,338.06M 7,556.26M
Operating cash flow 3,895.30M 3,247.39M 1,841.28M 2,942.29M 2,872.62M

Valuation Measures

Mar 2021
PER--
ROA-4.04%
ROE-22.73%
Operating margin2.88%
Profit margin-5.36%

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. (46.0%)
  • Life Insurance Corp of India (4.0%)
  • HDFC Asset Management Co. Ltd. (Invt Mgmt) (1.4%)
  • SBI Funds Management Pvt Ltd. (1.3%)
  • The Vanguard Group, Inc. (1.2%)
  • BlackRock Fund Advisors (1.1%)
  • RADHESHYAM JHUNJHUNWALA RAKESH (1.1%)
  • Dimensional Fund Advisors LP (0.7%)
  • Norges Bank Investment Management (0.5%)
  • UTI Asset Management Co. Ltd. (Investment Management) (0.5%)

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

  • 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.
  • Daimler AG
  • Nissan Motor Co., Ltd.
  • Bayerische Motoren Werke AG
  • Tesla Inc
  • BAIC BluePark New Energy Technology Co., Ltd. Class A
  • Deutsch Motors Inc.
  • KAMAZ PTC
  • Modine Manufacturing Company
  • Carasso Motors Ltd
  • China Auto Logistics, Inc.
  • Faraday Future Intelligent Electric Inc.
  • Lucid Group, Inc.
Last Updated on 26 Nov, 2021

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