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Edelweiss has buy call on Ltd. with a target price of Rs 387. The current market price of Tata Motors Ltd. is Rs 301.8.
Tata Motors Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 99725.44 Crore) operating in Auto sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 76365.79 Crore, up 40.99 % from last quarter Total Income of Rs 54163.22 Crore and up 5.22 % from last year same quarter Total Income of Rs 72576.20 Crore. Company reported net profit after tax of Rs 3222.21 Crore in latest quarter.
Investment Rationale
India business and JLR are on cusp of a strong demand and product cycle tailwind with restructuring being the common theme. The brokerage maintains ‘BUY/SO’ with TP of INR387 (JLR at 6.5x June 2022E EBIT, India at 15x EBITDA). The stock is trading at FY22/23E PER of 10.8x/8.0x.
Promoter/FII Holdings
Promoters held 42.4 per cent stake in the company as of Dec 30, 2020, while FIIs held 15.6 per cent, DIIs 12.7 per cent and public and others 29.3 per cent.
Tata Motors Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 99725.44 Crore) operating in Auto sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 76365.79 Crore, up 40.99 % from last quarter Total Income of Rs 54163.22 Crore and up 5.22 % from last year same quarter Total Income of Rs 72576.20 Crore. Company reported net profit after tax of Rs 3222.21 Crore in latest quarter.
Investment Rationale
India business and JLR are on cusp of a strong demand and product cycle tailwind with restructuring being the common theme. The brokerage maintains ‘BUY/SO’ with TP of INR387 (JLR at 6.5x June 2022E EBIT, India at 15x EBITDA). The stock is trading at FY22/23E PER of 10.8x/8.0x.
Promoter/FII Holdings
Promoters held 42.4 per cent stake in the company as of Dec 30, 2020, while FIIs held 15.6 per cent, DIIs 12.7 per cent and public and others 29.3 per cent.
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