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Earnings transcript
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TMCV
TMCV.NS
Tata Motors Ltd.
$410.3
-2.9
(-0.7%)
| Exchange: | NSE |
| Market Cap: | 1.511T |
| Shares Outstanding: | 3.682B |
Delayed data
About The Company
| Sector: | Consumer CyclicalView sector performance | |||||
| Industry: | Auto – ManufacturersView industry performance | |||||
| CEO: | Girish Arun Wagh | |||||
| Full Time Employees: | 20635 | |||||
| Address: |
| |||||
| Website: | https://cv.tatamotors.com/organisation/about-us |
Tata Motors Limited is a leading manufacturer specializing in commercial vehicles, offering a comprehensive range that includes utility vehicles, pickup trucks, heavy-duty trucks, and buses. The company’s operations span India and South Korea, complemented by a substantial global footprint across Africa, the Middle East, Latin America, Southeast Asia, and the SAARC region. Established in 2024 and headquartered in Mumbai, India, the company was formerly recognized as TML Commercial Vehicles Limited before its rebranding to Tata Motors Limited in October 2025.
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Revenue Segmentation
EPS
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Earnings Call
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 4,312,120,000 | 4,368,210,000 | 838,550,000 |
| Gross Profit | 1,563,590,000 | 1,628,500,000 | 185,850,000 |
| EBITDA | 632,930,000 | 621,190,000 | 74,820,000 |
| Operating Income | 83,770,000 | 40,670,000 | 79,900,000 |
| Net Income | 320,450,000 | 229,590,000 | 30,300,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 3,706,640,000 | 3,786,420,000 | 523,090,000 |
| Total Liabilities | 2,775,700,000 | 2,558,880,000 | 395,750,000 |
| Total Stockholders Equity | 849,180,000 | 1,161,440,000 | 127,340,000 |
| Total Debt | 1,072,640,000 | 715,400,000 | 56,150,000 |
| Cash and Cash Equivalents | 400,150,000 | 343,490,000 | 77,760,000 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 679,150,000 | 631,020,000 | 147,070,000 |
| Capital Expenditure | -314,140,000 | -380,420,000 | -13,210,000 |
| Free Cash Flow | 365,010,000 | 250,600,000 | 133,860,000 |
| Net Income | 318,070,000 | 281,490,000 | 30,300,000 |
| Net Change in Cash | 81,280,000 | -56,660,000 | 77,760,000 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2029 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 992,600,648.764 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 1,165,701,734.668 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 1,067,073,436.389 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 197,767,162.138 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 234,698,696.641 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 205,283,852.974 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 88,621,855.279 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 117,298,684.513 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 94,458,462.460 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 70,681,882.957 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 83,008,200.403 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 75,984,999.437 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 26.580 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 31.860 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 24.070 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 8 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 7 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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Common questions about TMCV.NS valuation
Is Tata Motors Limited (TMCV.NS) overvalued or undervalued right now?
MarketSnap estimates intrinsic value for Tata Motors Limited (TMCV.NS) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is TMCV.NS a buy, hold, or sell for long-term investors?
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What is TMCV.NS’s P/E ratio?
You can see TMCV.NS’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
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Whether TMCV.NS fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MarketSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
TMCV.NS
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Daily snapshot
-0.7
Trading Metrics:
| Open: | 415 | Previous Close: | 413.2 | |
| Day Low: | 408.6 | Day High: | 419 | |
| Year Low: | 306.3 | Year High: | 509 | |
| Price Avg 50: | 449.62 | Price Avg 200: | 431.95 | |
| Volume: | 4.592M | Average Volume: | 8.278M |
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