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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. engages in the manufacture of motor vehicles. It operates through the Automotive and Other Operations segments. The Automotive segment operations include 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. The Other Operations segment includes information technology services, and machine tools and factory automation solutions. The company was founded on September 1, 1945 and is headquartered in Mumbai, India.

Financial Highlights

Mar 2020 INRUSD
Revenue2,658.82B37,497.82M
Gross Profit358,886.90M5,061.44M
Operating income27,032.30M381.24M
Income before tax-105,799.80M-1,492.11M
Net income-120,708.50M-1,702.37M
EBITDA241,286.60M3,402.90M
Diluted EPS-34.62-0.48
Dividends Per Share----
Total Assets3,221.21B42,579.76M
Total liabilities2,548.97B33,693.70M
Total equity630,785.30M8,338.06M
Operating cash flow208,626M2,942.29M
Currency in INRCurrency in USD

Historical Data

 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 2,716.80B 2,584.35B 2,824.12B 3,088.94B 2,658.82B
Gross Profit 533,514.20M 366,669.70M 319,994.80M 432,003.80M 358,886.90M
Operating income 213,025.10M 43,203M -12,061.50M 76,057M 27,032.30M
Income before tax 141,257.70M 93,147.90M 111,550.30M -313,711.50M -105,799.80M
Net income 115,793.10M 74,543.60M 89,889.10M -288,262.30M -120,708.50M
EBITDA 380,132.90M 222,252.90M 203,474.40M 311,963.30M 241,286.60M
Diluted EPS 34 21.78 26.27 -84.25 -34.62
Dividends Per Share 0.20 0 0 0 --
Total Assets 2,671.41B 2,737.54B 3,313.50B 3,071.94B 3,221.21B
Total liabilities 1,877.55B 2,152.39B 2,353.97B 2,434.72B 2,548.97B
Total equity 789,524.20M 580,618.90M 954,279.10M 601,795.60M 630,785.30M
Operating cash flow 329,725.30M 261,207.90M 209,346.60M 128,784.40M 208,626M
 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 41,496.34M 38,539.61M 43,808.00M 44,163.95M 37,497.82M
Gross Profit 8,148.88M 5,468.02M 4,963.77M 6,176.53M 5,061.44M
Operating income 3,253.74M 644.27M -187.09M 1,087.41M 381.24M
Income before tax 2,157.56M 1,389.08M 1,730.37M -4,485.26M -1,492.11M
Net income 1,768.62M 1,111.64M 1,394.36M -4,121.40M -1,702.37M
EBITDA 5,806.14M 3,314.38M 3,156.30M 4,460.26M 3,402.90M
Diluted EPS 0.51 0.32 0.40 -1.20 -0.48
Dividends Per Share 0.00 0 0 0 --
Total Assets 40,339.93M 42,158.21M 50,803.72M 44,344.21M 42,579.76M
Total liabilities 28,352.28M 33,146.88M 36,091.90M 35,145.78M 33,693.70M
Total equity 11,922.29M 8,941.54M 14,631.31M 8,687.05M 8,338.06M
Operating cash flow 5,036.21M 3,895.30M 3,247.39M 1,841.28M 2,942.29M

Valuation Measures

Mar 2020
PER--
ROA-3.83%
ROE-19.58%
Operating margin1.01%
Profit margin-4.53%

Key executives

  • Chief Executive Officer, Director & MD: Günter Karl Butschek
  • President & Chief Human Resources Officer: Ravindra Kumar G.P
  • Group Chief Financial Officer: Pathamadai B. Balaji
  • Chief Technology Officer: Rajendra Petkar
  • Secretary & Chief Compliance Officer: Hoshang K. Sethna

Shareholders

  • Tata Sons Pvt Ltd. (41.9%)
  • Life Insurance Corp of India (4.7%)
  • Dimensional Fund Advisors LP (1.4%)
  • RADHESHYAM JHUNJHUNWALA RAKESH (1.2%)
  • The Vanguard Group, Inc. (1.2%)
  • SBI Funds Management Pvt Ltd. (1.1%)
  • BlackRock Fund Advisors (1.0%)
  • HDFC Asset Management Co. Ltd. (Invt Mgmt) (1.0%)
  • Franklin Templeton Asset Management (India) Pvt Ltd. (0.6%)
  • UTI Asset Management Co. Ltd. (Investment Management) (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

  • 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 Ltd. /Defense Bus/
  • 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 Marcopolo Motors 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

  • Toyota Motor Corp.
  • Volkswagen AG Pref
  • Daimler AG
  • Nissan Motor Co., Ltd.
  • Bayerische Motoren Werke AG
  • AUDI AG
  • Volvo AB Class B
  • Tesla Inc
  • Great Wall Motor Co., Ltd. Class H
  • PACCAR Inc
  • Faurecia SA
  • TRATON SE
  • KAMAZ PTC
  • Li Auto, Inc. Sponsored ADR Class A
  • Deutsch Motors Inc.
  • Carasso Motors Ltd
  • China Auto Logistics, Inc.
Last Updated on 28 Oct, 2020

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