Tata Motors

TMCV · NSE

— · —

₹436.8

Closing price — 31 Jul 2026

Market cap ₹14,40,376 Cr · EPS ₹0.90

Valuation

Blended fair value using DCF and peer comparison methods.

Intrinsic Value

₹55

-87.4% vs ₹437

Overvalued

UndervaluedFair valueOvervalued

DCF

₹64

Peer methods

₹46

Intrinsic value

₹55

DCF discounts future cash flows to present value. Peer methods compare against sector multiples. Averaging both reduces the limitations of each method alone.

The intrinsic value shown is an algorithmic estimate based on publicly available financial data — including DCF analysis, peer comparison, and historical financials. It is not a research report, investment advice, or a recommendation to buy, sell, or hold any security. Stock valuations involve uncertainty and may differ significantly from market prices. Please consult a SEBI-registered investment adviser before making any investment decision.

Peer comparison

How this company stacks up against sector peers on valuation and quality metrics.

Heavy engineering & manufacturing · 7 peers · sector medians shown

Better than medianWorse than median

Company	Mkt Cap	P/E	P/B	EV/EBITDA	ROE	Net Margin	Rev CAGR 3y
Tata Motors TMCV · you	₹14.4 L Cr	485.3×	115.4×	—	23.8%	3.6%	3.8%
Sector median	—	66.0×	7.2×	39.5×	15.5%	8.2%	9.7%
Cummins India CUMMINSIND	₹1.6 L Cr	66.0×	18.4×	62.0×	27.9%	19.4%	16.0%
Bharat Heavy Electricals BHEL	₹1.4 L Cr	86.2×	5.3×	58.9×	6.1%	4.7%	13.1%
Ashok Leyland ASHOKLEY	₹84,466 Cr	24.3×	5.9×	12.6×	24.4%	6.2%	10.6%
Thermax THERMAX	₹56,509 Cr	74.1×	10.2×	52.7×	13.0%	6.7%	9.7%
Supreme Industries SUPREMEIND	₹44,481 Cr	46.6×	7.2×	28.3×	15.5%	8.5%	6.8%
AIA Engineering AIAENG	₹42,332 Cr	33.8×	5.3×	33.8×	15.8%	28.7%	-3.4%
Astral ASTRAL	₹41,016 Cr	75.7×	10.0×	39.5×	13.2%	8.2%	8.4%

Peer comparison verdict

Tata trades at a premium to peers (P/E 485.3× vs median 66.0×), but its higher ROE of 23.8% (sector 15.5%) justifies much of that premium — quality rarely comes cheap.

Business quality

Valuation

P/E ratio

485.3×

P/B ratio

—

EV/EBITDA

—

Price/Sales

—

Returns

ROE

23.8%

ROCE

30.5%

ROA

—

Growth

Revenue CAGR (3yr)

3.8%

EPS CAGR (3yr)

132.5%

Efficiency

Asset turnover

—

FCF yield

—

Dividend yield

0.1%

Liquidity & Solvency

Debt / Equity

0.16×

Debt / EBITDA

—

Interest coverage

3.1×

Current ratio

0.76×

Quick ratio

—

Financial health

Piotroski F-Score, Altman Z-Score, and key solvency ratios.

Full financial data

Charts and annual statements for income, balance sheet and cash flow.

Income trend

Revenue, profit and margin trends over time.

Revenue

Net profit

Operating margin

Net margin

Revenue

₹83,855 Cr

Net profit

₹3,030 Cr

Operating margin

—

Net margin

3.6%

Revenue and net profit in ₹ Crores (left axis). Margins % on right axis.

Cash flow

Where cash comes from and where it goes.

Operating CFInvesting CFFinancing CFFree cash flow

Operating CF — Cash earned from running the business. The core engine of financial health.

Investing CF — Cash spent on assets and equipment. Negative is normal — it means the company is investing in growth.

Financing CF — Cash from borrowing or repaying loans and dividends. Negative means debt is being repaid.

Free cash flow — Operating CF minus capex. Cash left after keeping the business running. Positive and growing is ideal.

Operating CF

₹14,114 Cr

Investing CF

₹0 Cr

Financing CF

₹0 Cr

Free cash flow

₹11,866 Cr

Balance sheet

Assets show what the company owns. Liabilities show what it owes. Equity is what's left for shareholders.

How the company is funded — equity is owners' money, debt is long-term borrowing, current liabilities are short-term obligations.

Equity

Debt

Current liabilities

Total assets

—

Total debt

₹2,022 Cr

Equity

₹12,734 Cr

Debt / Equity

0.16×

Numbers are illustrative — order-of-magnitude correct. For precise figures, refer to the company's annual report on BSE/NSE.

Shareholding pattern

Who owns this company and how that has changed.

What shareholding tells you: When promoters (founders/controlling shareholders) increase their stake, it usually signals confidence in the business. Rising FII (foreign funds) interest means international money is moving in. High promoter pledge is a risk — pledged shares can be force-sold if the stock price falls sharply.

Latest quarter

Promoter

42.6%

FII

19.0%

+0.7 pp QoQ

DII

17.9%

+0.7 pp QoQ

Retail

20.5%

Trend over time (%)

Quarterly data

Category	Dec 2025	Mar 2026	Change (YoY)
Promoter	42.6%	42.6%	0.0 ppvs oldest
FII (Foreign)	18.3%	19.0%	+0.7 ppvs oldest
DII (Domestic)	17.2%	17.9%	+0.7 ppvs oldest
Retail	21.9%	20.5%	-1.4 ppvs oldest

Signals from the trend

➡️

PromoterStable — no notable buying or selling

📈

FIINet buyers (+0.7pp) — foreign institutional interest is growing

📈

DIINet buyers (+0.7pp) — domestic funds are accumulating

Overall positive — FII buying and DII buying suggest growing conviction in the business.

pp = percentage points. FII = Foreign Institutional Investors. DII = Domestic Institutional Investors (MFs, insurance). Data sourced from NSE/BSE filings. Verify on BSE/NSE before any investment decision.