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Consumer Discretionary · Passenger Cars & Utility Vehicles

Tata Motors Passenger Vehicles Ltd (TMPV)

₹265.40

Mkt cap
₹97,747 Cr
P/E ratio
98.10
P/B
0.87
Div yield
1.13%
ROE
75.70%
ROCE
2.73%
EPS (TTM)
₹2.71
Book value
₹304
52W range
259–419
Sector
Consumer Discretionary

Price history

Previous close

Tata Motors Group is a global automobile manufacturer. Part of the multi-national conglomerate, the Tata group, it offers a wide and diverse portfolio of cars, sports utility vehicles, etc. It has operations in India, the UK, South Korea, South Africa, China, Brazil, Austria and Slovakia through a strong global network of subsidiaries, associate companies and Joint Ventures (JVs), including Jaguar Land Rover in the UK and TMCV 40% stack [1]

NSE TMPVBSE 500570
Health check
Cautious
ValuationExpensive
ProfitabilityWeak
GrowthLow
TechnicalsBearish
52-week range
−36.66% from high
₹265
₹259+2.43% from low₹419
Current
₹265.40
Prev close
₹266.00
Day
−0.23%
Price performance
1D
−0.23%
1W
+0.30%
1M
−5.53%
3M
−20.59%
6M
−24.75%
1Y
−34.61%
YTD
−28.34%

Financials

Revenue, profit & margin
P/E ratio
98.1×
TMPV is 152% above the sector median of 39.0×
TMPV98.1×
Sector median39.0×
 Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Trend
Sales102,236105,129110,577119,033107,10283,65694,47298,37787,67772,34970,108105,44795,799
Expenses89,01991,36295,159102,34891,85473,74284,07083,99079,51573,75369,22994,18889,623
Operating Profit13,21713,76715,41816,68515,2489,91410,40214,3878,162-1,40487911,2596,176
OPM %13%13%14%14%14%12%11%15%9%-1.9%1.2%11%6%
Other Income8951,5571,6041,4126,5531,9202,7302,3612,69081,507391,8771,113
Interest2,6152,6522,4851,6451,4711,094843828692686682767835
Depreciation6,6336,6376,8507,1436,5655,4674,8634,7174,8514,8714,9695,0924,880
Profit before tax4,8646,0357,6879,30913,7655,2737,42611,2035,30974,546-4,7337,2771,574
Tax %32%36%7%-88%23%33%26%24%25%-2%-26%19%45%
Net Profit3,3013,8327,14517,52810,5873,5215,4848,5564,00376,248-3,4835,878859
EPS in Rs9.6411.3321.1452.3731.639.3614.6923.0110.66206.85-9.4715.702.10
Raw PDF

Earnings

Results dates & reactions
Next results
13 Nov '26scheduled

Fresh quarters land in the Financials table above, tagged NSE until screener catches up.

Avg earnings-day move −0.02% · closed higher next day 36 of last 60
 Q2FY24Q3FY24Q4FY24Q1FY25Q2FY25Q3FY25Q4FY25Q1FY26Q2FY26Q3FY26Q4FY26Q1FY27
Broadcast2 Nov '23◦2 Feb '24◦10 May '24◦1 Aug '24◦8 Nov '24◦29 Jan '25◦13 May '25◦8 Aug '25◦14 Nov '255 Feb '26◦14 May '26◦13 Aug '26◦
Earnings day+1.74%+5.47%−8.30%−4.17%−0.09%−7.40%−1.24%+3.16%−1.70%−1.24%+5.25%−4.32%
+1 day+1.51%+6.92%−7.83%−11.18%−2.56%−4.84%+2.88%+3.22%−6.35%+0.87%+4.25%−5.55%
+5 days+2.29%+3.74%−8.86%−6.67%−2.76%−4.71%+2.70%+10.50%−8.97%+1.63%+7.26%−9.07%
+15 days+9.59%+6.62%−9.19%−4.54%−2.16%−9.50%+0.21%+9.21%−11.14%+2.27%+14.83%−10.90%
+30 days+14.53%+8.99%−8.76%−13.63%−8.03%−12.89%−4.69%+7.77%−9.89%−18.42%+3.97%−19.41%
FilingXBRLXBRLXBRLXBRLXBRLXBRLXBRLXBRLXBRLXBRLXBRLXBRL

Corporate actions

Last 6 months
KindValueEx-dateRecord
dividend
Dividend - Rs 3 Per Share
3.0019 Jun '2619 Jun '26

Results analysis

Shareholding

as of Sep 2026
42.50%Promoter
Promoters42.50%
FIIs15.32%1.79
DIIs17.93%0.96
Public24.20%1.11
Government0.05%0.26
Ownership trend

Peers

7 companies
Valuation vs quality
P/E × ROCE · bubble = market cap
NameCMPP/EMkt CapDiv YldNP QtrQtr Profit VarSales QtrQtr Sales VarROCE
Maruti Suzuki₹11,397.0026.643,58,3251.23%2,466−26.36%53,356+26.00%18.87%
M & M₹2,840.3018.423,53,1991.16%5,998+33.80%58,188+27.80%15.10%
Hyundai Motor I₹1,911.0033.941,55,2771.10%1,196−23.92%20,696+18.53%38.40%
Tata Motors PVeh₹265.4098.1097,7471.13%859−69.83%95,799+9.26%2.73%
Force Motors₹17,355.0021.9222,8670.29%294−16.19%2,925+40.51%36.05%
Olectra Greentec₹951.1044.007,8070.06%27−0.31%576+65.75%21.05%
Mercury EV-Tech₹31.69136.826020.00%2−9.30%30−11.53%2.52%
Median: 8 Co.₹1,431.0538.9760,3070.70%576−20.05%11,810+26.00%17.77%

Filings

Annual reports15
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022Annual Report 2021Annual Report 2020Annual Report 2019Annual Report 2018Annual Report 2017Annual Report 2016Annual Report 2015Annual Report 2014Annual Report 2013Annual Report 2013
Concall transcripts78
TranscriptAug 2026PPTAug 2026RECAug 2026PPTJun 2026RECJun 2026TranscriptJun 2026PPTJun 2026PPTMay 2026RECMay 2026TranscriptFeb 2026PPTFeb 2026RECFeb 2026TranscriptNov 2025PPTNov 2025RECNov 2025TranscriptAug 2025PPTAug 2025RECAug 2025PPTJul 2025PPTJun 2025TranscriptJun 2025PPTJun 2025RECJun 2025PPTMay 2025
Credit ratings6
Rating update 12 AugcrisilRating update 31 JulicraRating update 27 Nov 2025crisilRating update 25 Nov 2025icraRating update 20 Oct 2025crisilRating update 16 Oct 2025icra
Announcements5
Announcement under Regulation 30 (LODR)-Newspaper Publication 30 Oct - We are enclosing herewith the publications issued by the Company sensitizing the concerned stakeholders regarding the "Special Window for Re-lodgement of Transfer Deeds of Physical …Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 30 Oct - Tata Motors Passenger Vehicles hosts Q2 FY27 results conference call on November 13, 2026.Board Meeting Intimation for Considering And Approving The Audited Standalone Financial Results And Unaudited Consolidated Financial Results (With Limited Review Report) For The Second Quarter And Half Year Ended September 30, 2026. 23 Oct - Board meeting on November 13, 2026 to approve Q2 and half-year FY2026 results; investor call scheduled.Announcement under Regulation 30 (LODR)-Press Release / Media Release 12 Oct - On 12 Oct 2026, TMPV and Stellantis signed a definitive agreement for advanced technology and product collaboration.SIAM Report - July To September 2026 6 Oct - SIAM July-September 2026 report shows production, domestic sales and exports across models.