Tata Motors Passenger Vehicles Ltd (IN:TMPV)
:TMPV
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Tata Motors Passenger Vehicles
(TMPV)
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Rating:60Neutral
Price Target:
₹323.00
▼(-6.16% Downside)
Action:ReiteratedDate:11/21/25
Tata Motors' overall stock score is driven by its strong financial performance, despite challenges in operational efficiency and debt management. The technical analysis indicates bearish momentum, which negatively impacts the score. The low P/E ratio suggests potential undervaluation, but the modest dividend yield may not appeal to all investors.
Positive Factors
Operating cash generation
Sustained strong operating cash flow and growing free cash flow enhance the company's ability to fund capex, EV investments, and working capital from internal sources. This durable cash generation supports deleveraging, shareholder returns, and strategic investments over the next several quarters.
Negative Factors
High absolute debt level
Despite an improving debt-to-equity ratio, a high absolute debt stock raises interest and refinancing exposure over time. Persistent leverage can constrain capital allocation, raise funding costs if conditions tighten, and limit the pace of long-term investments like EV scaling.
Read all positive and negative factors
Positive Factors
Negative Factors
Operating cash generation
Sustained strong operating cash flow and growing free cash flow enhance the company's ability to fund capex, EV investments, and working capital from internal sources. This durable cash generation supports deleveraging, shareholder returns, and strategic investments over the next several quarters.
Read all positive factors
Tata Motors Passenger Vehicles (TMPV) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.30T
Dividend Yield1%
Average Volume (3M)1.16M
Price to Earnings (P/E)―
Beta (1Y)1.34
Revenue Growth-17.31%
EPS Growth176.71%
CountryIN
Employees86,259
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Manufacturers
Share Statistics
EPS (TTM)-9.47
Shares Outstanding3,682,435,500
10 Day Avg. Volume1,553,168
30 Day Avg. Volume1,162,158
Financial Highlights & Ratios
PEG Ratio-1.40
Price to Book (P/B)1.29
Price to Sales (P/S)0.34
P/FCF Ratio5.96
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)32.59
Revenue Forecast (FY)₹4.02T
Tata Motors Passenger Vehicles Business Overview & Revenue Model
Company Description
Tata Motors Passenger Vehicles Limited designs, develops, manufactures, and sells various automotive vehicles. The company offers passenger cars; sports utility vehicles; and electric vehicles, as well as related spare parts and accessories. It al...
How the Company Makes Money
Tata Motors primarily makes money by selling vehicles across two major operating areas: (1) Commercial Vehicles (CV) and (2) Passenger Vehicles (PV), which includes passenger cars and utility vehicles (including electric variants). Revenue is gene...
Tata Motors Passenger Vehicles Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
68
Positive
Cash Flow
72
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.09T | 4.40T | 4.34T | 3.46T | 2.78T | 2.50T |
| Gross Profit | 1.74T | 1.99T | 1.88T | 1.38T | 1.13T | 1.04T |
| EBITDA | 376.11B | 466.39B | 468.25B | 217.59B | 132.67B | 198.76B |
| Net Income | 940.15B | 278.30B | 313.99B | 24.14B | -114.41B | -134.51B |
Balance Sheet | ||||||
| Total Assets | 3.44T | 3.79T | 3.71T | 3.36T | 3.31T | 3.34T |
| Cash, Cash Equivalents and Short-Term Investments | 579.33B | 615.48B | 599.29B | 513.76B | 634.45B | 650.97B |
| Total Debt | 672.58B | 715.40B | 1.10T | 1.37T | 1.48T | 1.46T |
| Total Liabilities | 2.27T | 2.56T | 2.78T | 2.83T | 2.82T | 2.82T |
| Stockholders Equity | 1.11T | 1.16T | 849.18B | 453.22B | 445.61B | 503.30B |
Cash Flow | ||||||
| Free Cash Flow | -82.81B | 250.60B | 365.02B | 172.92B | -8.86B | 87.95B |
| Operating Cash Flow | -18.26B | 631.02B | 679.15B | 353.88B | 142.83B | 290.01B |
| Investing Cash Flow | -53.66B | -475.94B | -228.28B | -168.04B | -47.75B | -261.26B |
| Financing Cash Flow | -40.06B | -187.86B | -370.06B | -262.43B | -33.80B | 99.04B |
Tata Motors Passenger Vehicles Technical Analysis
Positive
344.20
Price Trends
348.32
Positive
351.28
Positive
380.94
Negative
Market Momentum
3.37
Negative
63.78
Neutral
94.06
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:TMPV, the sentiment is Positive. The current price of 344.2 is above the 20-day moving average (MA) of 322.68, below the 50-day MA of 348.32, and below the 200-day MA of 380.94, indicating a neutral trend. The MACD of 3.37 indicates Negative momentum. The RSI at 63.78 is Neutral, neither overbought nor oversold. The STOCH value of 94.06 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:TMPV.
Tata Motors Passenger Vehicles Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ₹4.16T | 33.83 | ― | 0.81% | 14.16% | 2.68% | |
69 Neutral | ₹1.97T | 35.30 | ― | 0.96% | 26.19% | 20.47% | |
65 Neutral | ₹1.49T | 37.82 | ― | 0.91% | 1.92% | 1.53% | |
64 Neutral | ₹2.70T | 23.74 | ― | 2.31% | 15.66% | 18.24% | |
63 Neutral | ₹3.86T | 8.44 | ― | 3.05% | 22.30% | 26.78% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | ₹1.30T | -9.70 | ― | 1.00% | -17.31% | 176.71% |
* Consumer Cyclical Sector Average
IN:TMPV
Tata Motors Passenger Vehicles
350.75
-47.66
-11.96%
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Tata Motors Passenger Vehicles Corporate Events
Tata Motors Passenger Vehicles Announces Board Change as Independent Director Retires
Mar 8, 2026
Tata Motors Passenger Vehicles Limited has announced that Om Prakash Bhatt will cease to serve as a non-executive independent director with effect from March 8, 2026, following completion of his second consecutive term. The change is in line with ...
Tata Motors Passenger Vehicles Posts 35% Sales Surge in February 2026
Mar 1, 2026
Tata Motors Passenger Vehicles Ltd. reported total sales of 63,331 units in February 2026 across domestic and international markets, up from 46,811 units a year earlier. This represents a 35% overall increase in passenger vehicle volumes and under...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.