ETMarkets.comTata Motors, incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 136903.58 Crore) operating in Auto sector.
Tata Motors 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 31-12-2022, the company has reported a Consolidated Total Income of Rs 89618.97 Crore, up 11.12 % from last quarter Total Income of Rs 80649.88 Crore and up 22.88 % from last year same quarter Total Income of Rs 72931.86 Crore. Company has reported net profit after tax of Rs 2939.78 Crore in latest quarter.
The company’s top management includes Mr.Ratan N Tata, Ms.Vedika Bhandarkar, Ms.Hanne Sorensen, Mr.Om Prakash Bhatt, Mr.Kosaraju V Chowdary, Mr.Thierry Bollo, Mr.Al-Noor Ramji, Mr.Guenter Butschek, Mr.N Chandrasekaran, Mr.Girish Wagh. Company has BSR & Co. LLP as its auditors. As on 31-12-2022, the company has a total of 332 Crore shares outstanding.
Investment Rationale
The company should witness a gradual recovery as supply-side issues ease (for JLR) and commodity headwinds stabilize (for the India business). It will benefit from a macro recovery in India, company-specific volume/margin drivers, and a sharp improvement in FCF and leverage in JLR as well as the India business. The stock trades at 15.2x/12.3x FY24E/FY25E consolidated P/E and 3.8x/3.2x EV/EBITDA.
Promoter/FII Holdings
Promoters held 46.39 per cent stake in the company as of 31-Dec-2022, while FIIs owned 13.89 per cent, DIIs 15.07 per cent.
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