T

Tata Motors Passenger Vehicles Limited

TMPVNSE
Market snapshot · 2026-08-11 12:16 UTC

347.60

+₹0.50 (+0.14%)

MARKET CAP

₹1.28L Cr

STOCK P/E

52W HIGH

₹739.70

52W LOW

₹294.30

BOOK VALUE

₹304.34

EPS

₹-4.44

ROE

-1.12%

SECTOR

Consumer Discretionary

DEBT/EQUITY

70.36

VOLUME

48.63L

P/B RATIO

1.14x

PEG RATIO

0.27

Sector

Consumer Discretionary

Themes

Four WheelersEvTata GroupTruck
D
Dividend
E
Earnings
₹710.21₹607.84₹505.46₹403.09₹300.71VolumeEEEDAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

Tata Motors Passenger Vehicles is an automotive manufacturer selling passenger vehicles, electric vehicles, spare parts, and accessories. Engines for industrial applications, vehicle financing, and information technology services add supporting revenue streams. Q1 FY27 expectations point to 46% sales growth, with electric-vehicle volumes potentially doubling. This mix shift could improve scale, though recent revenue declined 8.3% year-on-year. Profit increased 196%, but declining margins and negative 1.1% ROE indicate weak earnings quality. Debt-to-equity of 70.36 implies substantial leverage, which magnifies pressure on shareholder returns. P/E is unavailable, preventing a conventional valuation comparison against peers or growth. The outlook remains neutral, with financing costs, margin recovery, and sustained electric-vehicle adoption as key open questions.

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for TMPV.

25.00 analysts

Price Forecast

Current
₹347.60
High Target
₹490.00
▲ +41.0%
Median Target
₹372.00
▲ +7.0%
Low Target
₹300.00
▼ -13.7%
Now₹347.60High ₹490.00Median ₹372.00Low ₹300.00Aug '25Now12M Target
Price history (1Y)
Analyst target range
25 analysts

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹216.20 - ₹466.1380%
6M₹168.40 - ₹499.1280%
12M₹112.16 - ₹521.3580%
Realized vol: +59.9% · Drift: -18.3%

Revenue Forecast

₹ Cr
Dec '25Current₹15,268.0
Sep 2026 ETrend estimate range
High₹13,929.9Base₹12,898.1Low₹11,866.2
Mar '25: ₹19,999.0 · Jun '25: ₹11,038.0 · Sep '25: ₹12,955.0 · Dec '25: ₹15,268.0 · Sep '26: ₹12,898.1 · Dec '26: ₹15,200.9
Mar '25Jun '25Sep '25Dec '25Sep '26 EDec '26 E19,999.011,038.012,955.015,268.012,898.115,200.9
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Dec '25Current₹-0.63
Sep 2026 ETrend estimate range
High₹-0.53Base₹-0.48Low₹-0.42
Mar '25: ₹3.75 · Jun '25: ₹15.56 · Sep '25: ₹-0.64 · Dec '25: ₹-0.63 · Sep '26: ₹-0.48 · Dec '26: ₹-0.47
Mar '25Jun '25Sep '25Dec '25Sep '26 EDec '26 E3.7515.56-0.64-0.63-0.48-0.47
PastCurrentTrend estimate: Low / Base / High
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Neutral
59%
Analyst Consensus
Weakening

From 25 analysts

Mean upside+6.4%

Fundamentals

Weakening

Fundamentals institutional score is 26 using EVA spread proxy -13.1%; growth durability 62.9.

Valuation

Attractive relative to peers

Valuation institutional score is 92 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Weakening

Analyst View institutional score is 39 using mean target upside 6.4%; dispersion penalty 20.5; recommendation breadth from available consensus.

Technical Structure

Strong Trend

Technicals institutional score is 75 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Positive catalysts emerging

Recent news flow is balanced or not decisive enough to tilt the tape. Based on 8 recent ticker-linked news items.

Signal Summary

Market intelligence remains Neutral. valuation and technical structure provide support, while fundamentals and analyst consensus remain considerations.

Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.

Fundamentals WeakeningValuation Attractive relative to peersAnalyst Consensus WeakeningTechnical Structure Strong TrendMarket Sentiment Positive catalysts emerging

Key Data Points

Mean Target Price370 target
Mean Upside+6.4%
Technical Score75%
Fundamental Score26%
Data CoverageHigh

Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.

Valuation Metrics

Forward Valuation Outlook

Forward outlook is unavailable because live next-12-month estimate data is not available for this ticker right now.

EV/EBITDA
Strongly Undervalued

5Y Average

21.78

Current

13.10

Overvalued

26.19

Undervalued

15.31

P/S
Strongly Undervalued

5Y Average

0.63

Current

0.38

Overvalued

0.72

Undervalued

0.53

P/B
Strongly Undervalued

5Y Average

1.51

Current

1.14

Overvalued

1.74

Undervalued

1.28

Peers & Comparison

Sector: Consumer Discretionary · Theme: Four Wheelers

Four Wheelers Peers8 peers
Avg P/E: 48.4x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
MARUTI SUZUKI INDIA LTD.
MARUTIFour Wheelers
+35.9%7.3%
30.7x
Undervalued
-37% vs avg
+9.3%
HYUNDAI MOTOR INDIA LTD
HYUNDAIFour Wheelers
-0.5%7.0%
36.1x
Undervalued
-25% vs avg
+0.8%
MAHINDRA & MAHINDRA LTD
M&MFour Wheelers
+27.5%8.6%
21.1x
Undervalued
-56% vs avg
+8.7%
TRENT LTD
TRENTRetail - Apparel
+17.8%8.6%
88.5x
Premium
+83% vs avg
-43.6%
HERO MOTOCORP LIMITED
HEROMOTOCOTwo Wheelers
+34.9%10.7%
20.9x
Undervalued
-57% vs avg
+26.2%
TITAN COMPANY LIMITED
TITANPrecious Metals, Jewellery & Watches
+29.3%6.2%
76.9x
Premium
+59% vs avg
+46.0%
SAMVRDHNA MTHRSN INTL LTD
MOTHERSONAuto Parts
+16.6%3.4%
40.7x
Undervalued
-16% vs avg
+86.1%
SONA BLW PRECISION FRGS L
SONACOMSAuto Parts
+52.4%14.2%
71.9x
Premium
+49% vs avg
+84.6%
WHY THESE PEERS

TATA MOTORS PASS VEH LTD is compared against the Four Wheelers cohort. Peers include MARUTI SUZUKI INDIA LTD., HYUNDAI MOTOR INDIA LTD, MAHINDRA & MAHINDRA LTD — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹15.27K CrDec 2025

Latest net profit

₹225 CrDec 2025

Latest EPS

₹-0.63Dec 2025

Net margin

-0.3%Dec 2025

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26-3.0%0.0%3.0%6.0%9.0%-7.00K Cr0.00 Cr7.00K Cr14.00K Cr21.00K Cr
  • Revenue
  • Net income
  • Net margin %

Earnings

Revenue is shown in crores. EPS is rupees per share.

Rs crore + Rs/share
Q3 '25Q4 '25Q1 '26Q2 '26Q3 '260.00 Cr5.00K Cr10.00K Cr15.00K Cr20.00K Cr₹-6₹0₹6₹12₹18
  • Revenue
  • EPS

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
RevenueExpensesDepreciationOperatingprofitOther incomeInterestProfitbefore taxTax & otherOtheradjustmentsNet Profit-5.50K Cr0.00 Cr5.50K Cr11.00K Cr16.50K Cr

Latest reported period: Dec 2025

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Annual view
202120222023202420250.00 Cr6.00K Cr12.00K Cr18.00K Cr24.00K Cr
  • Debt
  • Free cash flow
  • Cash & equivalents

Results

MetricMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales20,14215,83318,54218,66920,26016,86212,05512,14119,99911,03812,95515,268
Expenses18,06214,50616,56216,59617,91814,98511,30611,51917,73110,66312,44314,581
Operating Profit1,6138311,4711,5591,8431,400115-561,726-262-124-38
OPM %8.01%5.25%7.93%8.35%9.1%8.3%0.95%-0.46%8.63%-2.37%-0.96%-0.25%
Other Income2422995801471241,9892922032075,055332200
Interest4924625085704213558980298697035
Depreciation468496509513499477634678542637636725
Profit before tax1,3636681,5431,1361,5463,034318671,6354,724138127
Tax %-118.09%12.85%9.57%26.06%-37.52%28.35%95.28%59.7%15.47%18.4%306.52%-77.17%
Net Profit2,9735821,3968402,1262,17415271,3823,855-285225
EPS in Rs7.03-0.173.3011.925.545.701.923.993.7515.56-0.64-0.63

All values in Rs. Crore unless otherwise stated. Source: CMIE Prowess, Quarterly Interim Standalone.

Shareholding Pattern

HolderMar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters42.58%42.57%42.57%42.56%42.56%
FII17.84%17.17%17.13%17.88%17.29%
DII17.19%17.24%17.34%15.39%17.10%
Government0.05%0.05%0.05%0.05%0.05%
Public20.05%20.57%20.52%21.64%20.74%
Others2.29%2.40%2.39%2.48%2.26%
Mar 2026
Promoters
FII
DII
Government
Public
Others

Events Timeline

Concall Transcript - FY2027

Jun 30, 2026PDFKnowledge Base Open

Concall Transcript - FY2027

Jun 23, 2026PDFKnowledge Base Open

Concall Transcript - FY2027

May 28, 2026PDFKnowledge Base Open

Concall Transcript - FY2027

May 27, 2026PDFKnowledge Base Open

Concall Transcript - FY2027

May 20, 2026PDFKnowledge Base Open