The country’s largest auto company Tata Motors (NSE: TATAMOTORS) has announced its quarterly results. Tremendous growth has been seen in profits. At the same time, the income has also been better than expected.
After the quarterly results, the company said that the company’s performance would be good in the fourth quarter also.
The advantage of this new version will be available during the period between January and March. The share of Tata Motors may reach at ₹934 And ₹1100 in the future.
Quarterly Results Of Tata Motors (Tata Motors Q3 Results)
In comparison to the quarter ended in October-December of the fiscal year 2022-23, the profits in the quarter between October and December of the financial year 2023-24 increased from the previous quarter of Rs 2,958 crore, to 7025 crore.
However, the market was expecting profit to increase to Rs 4,071 crore.
The income of Tata Motors has also increased. Compared to the October-December quarter of the financial year 2022-23, the revenue during the period of October-December in the financial year 2023-24 has increased from Rs 88,489 crore to 1.10lakh crore.
However, markets had anticipated the earnings to rise to 1.07 lakh crore. The company has seen an increase of 25 percent in this revenue.
EBITDA at Tata Motors has also increased. In comparison to the October-December quarter of the year 2022-23 the working profit i.e.
EBITDA was increased from 9,644 crore to a whopping Rs 15,333 crore in the November-December quarter of the fiscal year 2023-24.
However, the market was expecting it to increase to Rs 13,880 crore. During this period it has grown by 43 percent. Margins of Tata Motors have also increased.
When compared to the period between October and December of the fiscal year 2022-23, the margin increased to 13.9 percent in the November-December quarter of 2023-24.
The market had expected the margin to rise to 12.9 percent. Tata Motors said that good growth is expected in the January-March quarter also.
The company’s fourth-quarter margins may improve due to new launches and better supply. JLR’s performance will be even better.
JLR GUIDANCE- JLR i.e. Jaguar Land Rover has increased the EBIT Margin Guidance for FY24. The company says that it can increase from 6 percent to 8 percent.
About Tata Motors Company
Tata Motors Limited (TML) is a world-class automobile manufacturer that has an extensive portfolio that includes an array of vehicles and SUVs, buses, pickup trucks, trucks, and defense vehicles.
It is a member of the Tata group, which was established by Jamsetji Tata in 1868.
It is one of India’s biggest Original Equipment Manufacturers (OEMs). It provides a wide range of smart, integrated, and e-mobility solutions.
It is a portfolio that includes a wide selection of trucks, sports utility vehicles buses, vehicles, as well as a variety of SUVs, cars buses, trucks, and pickups.
It is made up of four distinct segments that are reported as Tata Commercial Vehicles, Tata Passenger Vehicles, Jaguar Land Rover, and Vehicle Financing and others consist of IT-related and insurance brokerage services.
Most of their revenues are made through India.
They are India’s leading automaker and remain at the forefront in defining our Indian commercial vehicle market by introducing cutting-edge powertrains and electric solutions designed to deliver power and comfort for the user at the lowest cost over the lifecycle.
Their brand-new passenger cars and utility vehicles are built in Impact Design and provide an exceptional blend of driveability, performance, and connectivity.
Their commitment to linking aspirations, and the product pipeline that is tech-enabled keeps them on top of the scene.
Fundamental Analysis of Tata Motors
| Market Cap | ₹ 3,21,832 Cr. |
| Current Price | ₹ 882.80 |
| 52-wk High | ₹ 900.15 |
| 52-wk Low | ₹ 400 |
| Stock P/E | 18.59 |
| Book Value | ₹ 161 |
| Dividend | 0.23 % |
| ROCE | 5.95 % |
| ROE | 5.62 % |
| Face Value | ₹ 2.00 |
| P/B Value | 5.44 |
| OPM | 13.1 % |
| EPS | ₹ 58.4 |
| Debt | ₹ 1,27,864 Cr. |
| Debt to Equity | 2.38 |
Tata Motors Ltd Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹870 | ₹989 |
| 2025 | ₹1000 | ₹1213 |
| 2026 | ₹1243 | ₹1300 |
| 2027 | ₹1345 | ₹1398 |
| 2028 | ₹1478 | ₹1600 |
| 2029 | ₹1654 | ₹1789 |
| 2030 | ₹1800 | ₹1890 |
Tata Motors Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 46.39% |
| Mar 2023 | 46.39% |
| June 2023 | 46.39% |
| Sept 2023 | 46.38% |
| Dec 2023 | 46.37% |
| FII Holding | |
| Dec 2022 | 13.89% |
| Mar 2023 | 15.34% |
| June 2023 | 17.72% |
| Sept 2023 | 18.40% |
| Dec 2023 | 18.62% |
| DII Holding | |
| Dec 2022 | 15.21% |
| Mar 2023 | 17.69% |
| June 2023 | 17.38% |
| Sept 2023 | 17.37% |
| Dec 2023 | 17.25% |
| Govt. Holding | |
| Dec 2022 | 0.14% |
| Mar 2023 | 0.14% |
| June 2023 | 0.14% |
| Sept 2023 | 0.14% |
| Dec 2023 | 0.14% |
| Public Holding | |
| Dec 2022 | 24.36% |
| Mar 2023 | 20.41% |
| June 2023 | 18.38% |
| Sept 2023 | 17.70% |
| Dec 2023 | 17.60% |
Tata Motors Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 301,938 Cr |
| 2020 | ₹ 261,068 Cr |
| 2021 | ₹ 249,795 Cr |
| 2022 | ₹ 278,454 Cr |
| 2023 | ₹ 423,874 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ -28,724 Cr |
| 2020 | ₹ -11,975 Cr |
| 2021 | ₹ -13,395 Cr |
| 2022 | ₹ -11,309 Cr |
| 2023 | ₹19,774Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 1.51 |
| 2020 | 1.58 |
| 2021 | 2.08 |
| 2022 | 3.13 |
| 2023 | 2.77 |
Last 10 Years’ Profit Growth:
| 10 Years: | -13% |
| 5 Years: | -20% |
| 3 Years: | 31% |
| Current Year: | 496% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | 5% |
| 5 Years: | -8% |
| 3 Years: | -7% |
| Last Year: | 6% |
Sales Growth Over 10 Years:
| 10 Years: | 6% |
| 5 Years: | 3% |
| 3 Years: | 10% |
| Current Year: | 33% |
Company’s Positive Signs:
- The company is expected to deliver an excellent quarter.
Company’s Negative Signs:
- The company’s stock prices are 5.32 times book value.
- This company has seen an insufficient growth of 3.48 percent over the past 5 years.
- This company is generating a low rate of equity return which is -7.15 percent in the last 3 years.
Conclusion
This article is a complete guide about Tata Motors Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.
