AgenciesPrabhudas Lilladher has buy call on Tata Motors with a target price of Rs 535. The current market price of . is Rs 470.5. Time period given by analyst is one year when Ltd. price can reach defined target.
Tata Motors Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 156448.18 Crore) operating in Auto sector.
Tata Motors Ltd. key Products/Revenue Segments include Motor Vehicles, Spare Parts & Others, Miscellaneous Goods, Sale of services and Other Operating Revenue for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 72822.02 Crore, down -8.22 % from last quarter Total Income of Rs 79341.61 Crore and up 8.71 % from last year same quarter Total Income of Rs 66988.05 Crore. Company reported net profit after tax of Rs -4987.01 Crore in latest quarter.
Investment Rationale
JLR’s management guided for a 90k units wholesales in 2QFY23 (82.5k in 1QY23, incl CJLR) and production is expected to improve every quarter. Demand continues to be strong with an order book 200k units vs 168k units. Demand for CNG trucks continues to rise. CV demand trend continues to remain steady with Bus segment also coming back.
Tata Motors Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 156448.18 Crore) operating in Auto sector.
Tata Motors Ltd. key Products/Revenue Segments include Motor Vehicles, Spare Parts & Others, Miscellaneous Goods, Sale of services and Other Operating Revenue for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 72822.02 Crore, down -8.22 % from last quarter Total Income of Rs 79341.61 Crore and up 8.71 % from last year same quarter Total Income of Rs 66988.05 Crore. Company reported net profit after tax of Rs -4987.01 Crore in latest quarter.
Investment Rationale
JLR’s management guided for a 90k units wholesales in 2QFY23 (82.5k in 1QY23, incl CJLR) and production is expected to improve every quarter. Demand continues to be strong with an order book 200k units vs 168k units. Demand for CNG trucks continues to rise. CV demand trend continues to remain steady with Bus segment also coming back.
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