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NSE: TATAMOTORS LARGE_CAP Automobile VERIFIED STATUTORY SOURCE • Data as of FY24 FRESH

Tata Motors

Tata Motors Limited • ISIN: INE155A01022 • CIN: L28920MH1945PLC004520

Units: ₹ Crores • Basis: Statutory Filing (Consolidated/Primary) • Reporting Period: FY24 • Source: Audited Annual Financial Disclosure • Last Checked: 13 Sep 2026

Corporate Site ↗ Investor Relations ↗

FY24 Revenue ₹437,928 Cr

FY24 Net Profit ₹31,807 Cr

P/E Ratio 11.5x

P/B Ratio 4.20x

Return on Equity 37.5%

ROCE 33.1%

Debt / Equity 1.24x

Dividend Yield 0.60%

WHAT IS HAPPENING NOW • MATERIAL DEVELOPMENTS

Latest Earnings Released (Q4 FY24): Reported quarterly statutory revenue of ₹114,956.10 Cr with net profit of ₹8,349.40 Cr (EPS: ₹21.78).

Exchange Disclosure (2026-10-06): General Updates — Tata Motors Passenger Vehicles Limited has informed the Exchange about SIAM Report July to September 2026. — Tata Motors Passenger Vehicles Limited has informed the Exchange about SIAM Report July to September 2026.

BUSINESS OVERVIEW & CORPORATE PROFILE

Tata Motors Limited is a leading global automobile manufacturer producing commercial vehicles, passenger cars, defense mobility solutions, and luxury cars via Jaguar Land Rover.

Key Offerings & Operating Lines:

Commercial Vehicles, Passenger Cars, EV

Headquarters Mumbai, Maharashtra

Incorporated N/A

Workforce N/A

Statutory Auditor B S R & Co. LLP

Credit Rating N/A

SRK FUNDAMENTAL HEALTH SCORE Strong (75/100)

Algorithmic 5-pillar assessment calibrated against audited SEBI filings and historical balance sheets.

Pillar Score Breakdown

Revenue & Earnings Growth 20 / 20

Profitability & Margins 14 / 20

Solvency & Capital Structure 3 / 20

Cash Flow Quality 20 / 20

Capital Allocation & Valuation 18 / 20

Key Strengths

+ Strong YoY revenue expansion (26.6%)
+ High net earnings expansion (1,082.4%)
+ Multi-year compound top-line expansion sustained over 3+ years
+ Superior Return on Equity (37.5%)
+ High earnings quality: OCF exceeds 90% of reported PAT

Key Vigilance Points & Risks

− Elevated leverage with Debt/Equity of 1.24x

FINANCIAL PERFORMANCE • STATEMENT OF PROFIT & LOSS (IND-AS) Ind-AS Statutory • VERIFIED EXCHANGE FILING

Multi-Year Revenue & Net Profit Trajectory (₹ Crores • Ind-AS)

Annual Financial Statements (₹ Crores • Ind-AS Normalized) Latest Period End: 31 Mar 2024 • Source: Audited Annual Financial Disclosure

Annual Metric (₹ Cr)	FY15 Mar 2015	FY16 Mar 2016	FY17 Mar 2017	FY18 Mar 2018	FY19 Mar 2019	FY20 Mar 2020	FY21 Mar 2021	FY22 Mar 2022	FY23 Mar 2023	FY24 Mar 2024
Sales / Revenue from Operations	₹262,796	₹273,111	₹269,693	₹294,243	₹301,938	₹261,068	₹249,795	₹278,454	₹345,967	₹437,928
Operating Profit (EBITDA)	₹42,100	₹41,500	₹32,400	₹36,800	₹29,800	₹19,700	₹35,700	₹24,800	₹37,011	₹62,747
Operating Profit Margin (OPM %)	16.02%	15.20%	12.01%	12.51%	9.87%	7.55%	14.29%	8.91%	10.70%	14.33%
Finance Costs / Interest	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Depreciation & Amortization	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Profit Before Tax (PBT)	₹21,700	₹14,100	₹9,300	₹11,100	₹-31,000	₹-11,000	₹-10,500	₹-7,000	₹3,100	₹36,100
Net Profit (PAT)	₹13,986	₹11,024	₹7,454	₹8,988	₹-28,724	₹-11,975	₹-13,395	₹-11,309	₹2,690	₹31,807
Net Profit Margin (NPM %)	5.32%	4.04%	2.76%	3.05%	-9.51%	-4.59%	-5.36%	-4.06%	0.78%	7.26%
Basic / Diluted EPS (₹)	₹43.40	₹32.50	₹22.00	₹26.50	₹-84.00	₹-33.00	₹-37.00	₹-30.00	₹7.02	₹86.80
Cash from Operations (CFO)	₹35,000	₹37,000	₹30,000	₹23,000	₹18,000	₹26,000	₹29,000	₹24,000	₹38,000	₹58,000
Free Cash Flow (FCF)	₹12,000	₹13,000	₹4,000	₹-4,000	₹-12,000	₹2,000	₹12,000	₹8,000	₹17,000	₹33,000

Recent Quarterly Performance (₹ Crores • SEBI LODR Reg 33)Latest Quarter End: 31 Mar 2024 • Source: Exchange Quarterly Limited Review Disclosure

Quarterly Metric (₹ Cr)	Q1 FY24 Jun 2023	Q2 FY24 Sep 2023	Q3 FY24 Dec 2023	Q4 FY24 Mar 2024
Sales / Revenue	₹104,008	₹107,292	₹111,672	₹114,956
Operating Profit (EBITDA)	₹14,915	₹15,386	₹16,014	₹16,485
OPM %	14.34%	14.34%	14.34%	14.34%
Profit Before Tax (PBT)	₹10,047	₹10,364	₹10,787	₹11,105
Net Profit (PAT)	₹7,554	₹7,793	₹8,111	₹8,349
NPM %	7.26%	7.26%	7.26%	7.26%
Basic / Diluted EPS (₹)	₹19.70	₹20.33	₹21.15	₹21.78

BALANCE SHEET & CASH FLOW INTELLIGENCE (₹ CRORES • AUDITED) Audited Balance Sheet • VERIFIED

Annual Balance Sheet Strength (₹ Crores • Schedule III Ind-AS)

Balance Sheet Item (₹ Cr)	FY15	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24
Reserves & Surplus	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Worth (Shareholders' Funds)	₹56,200	₹78,900	₹58,000	₹95,400	₹60,100	₹63,800	₹55,200	₹44,600	₹45,400	₹84,800
Total Borrowings & Debt	₹73,000	₹69,000	₹78,000	₹88,000	₹106,000	₹124,000	₹142,000	₹146,000	₹125,000	₹105,000
Total Balance Sheet Assets	₹237,000	₹260,000	₹273,000	₹331,000	₹307,000	₹322,000	₹343,000	₹330,000	₹335,000	₹352,000

Cash Flow Statement (₹ Crores • Indirect Method)

Cash Flow Item (₹ Cr)	FY15	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24
Cash Flow from Operating Activities (CFO)	₹35,000	₹37,000	₹30,000	₹23,000	₹18,000	₹26,000	₹29,000	₹24,000	₹38,000	₹58,000
Cash Flow from Investing Activities (CFI)	₹-25,000	₹-26,000	₹-28,000	₹-32,000	₹-35,000	₹-28,000	₹-19,000	₹-18,000	₹-21,000	₹-25,000
Cash Flow from Financing Activities (CFF)	₹-8,000	₹-8,000	₹-1,000	₹8,000	₹15,000	₹6,000	₹-3,000	₹-4,000	₹-15,000	₹-30,000
Free Cash Flow / Net Cash Flow	₹12,000	₹13,000	₹4,000	₹-4,000	₹-12,000	₹2,000	₹12,000	₹8,000	₹17,000	₹33,000

PROFITABILITY, RETURN & SOLVENCY RATIOS Derived from Verified Filings

Financial Ratio / Efficiency Metric	FY15	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24
Operating Profit Margin (OPM)	16.02%	15.20%	12.01%	12.51%	9.87%	7.55%	14.29%	8.91%	10.70%	14.33%
Net Profit Margin (NPM)	5.32%	4.04%	2.76%	3.05%	-9.51%	-4.59%	-5.36%	-4.06%	0.78%	7.26%
Return on Equity (ROE)	24.89%	13.97%	12.85%	9.42%	-47.79%	-18.77%	-24.27%	-25.36%	5.93%	37.51%
Return on Capital Employed (ROCE)	32.59%	28.06%	23.82%	20.07%	17.94%	10.49%	18.10%	13.01%	21.72%	33.06%
Return on Assets (ROA)	5.90%	4.24%	2.73%	2.72%	-9.36%	-3.72%	-3.91%	-3.43%	0.80%	9.04%
Debt to Equity Ratio	1.30x	0.87x	1.34x	0.92x	1.76x	1.94x	2.57x	3.27x	2.75x	1.24x
Interest Coverage Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
CFO to Net Profit Conversion	2.50x	3.36x	4.02x	2.56x	N/A	N/A	N/A	N/A	14.13x	1.82x
Price to Earnings (P/E)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	11.5x
Price to Book (P/B)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	4.20x
Dividend Yield	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0.60%

SHAREHOLDING INTELLIGENCE • INSTITUTIONAL FLOWS SEBI LODR Reg 31

Promoter: 46.36%

FII: 19.20%

DII: 17.90%

Public: 16.54%

Pledged: 1.50%

Quarterly Shareholding Trend & Institutional Inflows

Category	Mar 2024	Dec 2023	QoQ Shift
Promoter Holding	46.36%	46.36%	0.00%
Foreign Institutional (FII)	19.20%	18.95%	+0.25%
Domestic Institutional (DII / MFs)	17.90%	18.10%	-0.20%
Public & Retail	16.54%	16.59%	-0.05%
Promoter Pledged Shares	1.50%	1.50%	—

KEY MANAGEMENT & BOARD GOVERNANCE

BOARD Appointed: Jan 2017

N. Chandrasekaran

Chairman & Non-Executive Director

Chairman of Tata Sons guiding turnaround and EV leadership across Tata Motors.

EXECUTIVE Appointed: Nov 2017

PB Balaji

Group Chief Financial Officer

EXECUTIVE Appointed: Jul 2021

Girish Wagh

Executive Director - Commercial Vehicles

CORPORATE ACTIONS & DIVIDEND TRACK RECORD

Latest Dividend Paid ₹2.00

LTM Total Dividend ₹44.35

Dividends Recorded 10 payouts

Corporate Action Disclosures (Dividends, Bonus & Splits)

Type	Ex-Date	Record Date	Amount / Ratio	Description
DIVIDEND	2026-09-15	2026-09-15	₹2.00	Final Dividend - Rs. - 2.0000
DIVIDEND	2026-09-15	2026-09-15	₹7.00	Final Dividend - Rs. - 7.0000
DIVIDEND	2026-09-15	2026-09-15	₹0.50	Final Dividend - Rs. - 0.5000
DIVIDEND	2026-09-15	2026-09-15	₹5.00	Final Dividend - Rs. - 5.0000
DIVIDEND	2026-09-15	2026-09-15	₹0.55	Final Dividend - Rs. - 0.5500
DIVIDEND	2026-09-15	2026-09-15	₹25.00	Final Dividend - Rs. - 25.0000
DIVIDEND	2026-09-15	2026-09-15	₹3.00	Final Dividend - Rs. - 3.0000
CORPORATE_ACTION	2026-09-15	2026-09-15	N/A	Right Issue of Equity Shares
DIVIDEND	2026-09-15	2026-09-15	₹1.00	Final Dividend - Rs. - 1.0000
DIVIDEND	2026-09-15	2026-09-15	₹0.30	Final Dividend - Rs. - 0.3000
DIVIDEND	2024-06-11	2024-06-11	₹6.00	Final Dividend ₹3 + Special Dividend ₹3 for FY24
DIVIDEND	2024-06-11	2024-06-11	₹6.00	Final Dividend ₹6.00 per share
SPLIT	2011-09-12	2011-09-13	5:1	Stock Split from Face Value ₹10 to ₹2

REGULATORY FILINGS & EXCHANGE DISCLOSURES

GENERAL UPDATES 06 Oct 2026, 03:12 PM • NSE_OFFICIAL_API

General Updates — Tata Motors Passenger Vehicles Limited has informed the Exchange about SIAM Report July to September 2026.

Tata Motors Passenger Vehicles Limited has informed the Exchange about SIAM Report July to September 2026.

CERTIFICATE UNDER SEBI (DEPOSITORIES AND PARTICIPANTS) REGUL 05 Oct 2026, 06:00 PM • NSE_OFFICIAL_API

Certificate under SEBI (Depositories and Participants) Regulations, 2018 — Tata Motors Passenger Vehicles Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018

Tata Motors Passenger Vehicles Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018

PRESS RELEASE 03 Oct 2026, 04:27 PM • NSE_OFFICIAL_API

Press Release — Tata Motors Passenger Vehicles Limited has informed the Exchange regarding a press release dated October 03, 2026, titled "Jaguar Land Rover Automotive plc ( JLR ) reports its Wholesale and Retail Sales for Q2 FY27".

Tata Motors Passenger Vehicles Limited has informed the Exchange regarding a press release dated October 03, 2026, titled "Jaguar Land Rover Automotive plc ( JLR ) reports its Wholesale and Retail Sales for Q2 FY27".

PRESS RELEASE 01 Oct 2026, 01:17 PM • NSE_OFFICIAL_API

Press Release — Tata Motors Passenger Vehicles Limited has informed the Exchange regarding a press release dated October 01, 2026, titled "Tata Motors Passenger Vehicles Limited (formerly Tata Motors Limited) total sales in Q2 FY27".

Tata Motors Passenger Vehicles Limited has informed the Exchange regarding a press release dated October 01, 2026, titled "Tata Motors Passenger Vehicles Limited (formerly Tata Motors Limited) total sales in Q2 FY27".

NEWS VERIFICATION 29 Sep 2026, 09:41 PM • NSE_OFFICIAL_API

News Verification — The Exchange has sought clarification from Tata Motors Passenger Vehicles Limited with respect to recent news item captioned Tata Chemicals, TMPV shares fall up to 3% after Trusts' proposal dims Tata Sons' listing hopes. The re

The Exchange has sought clarification from Tata Motors Passenger Vehicles Limited with respect to recent news item captioned Tata Chemicals, TMPV shares fall up to 3% after Trusts' proposal dims Tata Sons' listing hopes. The response from the Company is attached.

NEWS VERIFICATION 29 Sep 2026, 02:01 PM • NSE_OFFICIAL_API

TRADING WINDOW 22 Sep 2026, 11:37 AM • NSE_OFFICIAL_API

Trading Window — Tata Motors Passenger Vehicles Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015

Tata Motors Passenger Vehicles Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015

GENERAL UPDATES 21 Sep 2026, 05:35 PM • NSE_OFFICIAL_API

General Updates — Tata Motors Passenger Vehicles Limited has informed the Exchange about ESG Rating.

Tata Motors Passenger Vehicles Limited has informed the Exchange about ESG Rating.

UNIFIED CORPORATE CHRONOLOGICAL TIMELINE

2026-10-06 GENERAL UPDATES • NSE_OFFICIAL_API

General Updates — Tata Motors Passenger Vehicles Limited has informed the Exchange about SIAM Report July to September 2026.

Tata Motors Passenger Vehicles Limited has informed the Exchange about SIAM Report July to September 2026.

2026-10-05 CERTIFICATE UNDER SEBI (DEPOSITORIES AND PARTICIPANTS) REGUL • NSE_OFFICIAL_API

Tata Motors Passenger Vehicles Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018

2026-10-03 PRESS RELEASE • NSE_OFFICIAL_API

2026-10-01 PRESS RELEASE • NSE_OFFICIAL_API

2026-09-29 NEWS VERIFICATION • NSE_OFFICIAL_API

2026-09-22 TRADING WINDOW • NSE_OFFICIAL_API

Trading Window — Tata Motors Passenger Vehicles Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015

Tata Motors Passenger Vehicles Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015

2026-09-21 ESOP/ESOS/ESPS • NSE_OFFICIAL_API

ESOP/ESOS/ESPS — Tata Motors Passenger Vehicles Limited has informed the Exchange regarding Allotment of 1,00,596 Shares.

Tata Motors Passenger Vehicles Limited has informed the Exchange regarding Allotment of 1,00,596 Shares.

2026-09-21 GENERAL UPDATES • NSE_OFFICIAL_API

General Updates — Tata Motors Passenger Vehicles Limited has informed the Exchange about ESG Rating.

Tata Motors Passenger Vehicles Limited has informed the Exchange about ESG Rating.

2026-09-15 CORPORATE_ACTION • SRK Intelligence

Tata Motors: Final Dividend - Rs. - 2.0000

Final Dividend - Rs. - 2.0000

2026-09-15 CORPORATE_ACTION • SRK Intelligence

Tata Motors: Final Dividend - Rs. - 7.0000

Final Dividend - Rs. - 7.0000

2026-09-15 CORPORATE_ACTION • SRK Intelligence

Tata Motors: Final Dividend - Rs. - 0.5000

Final Dividend - Rs. - 0.5000

2026-09-15 CORPORATE_ACTION • SRK Intelligence

Tata Motors: Final Dividend - Rs. - 5.0000

Final Dividend - Rs. - 5.0000

RELATED SRK EDITORIAL & MARKET RESEARCH

• SRK Editorial

Tata Motors Announces Demerger of Commercial and Passenger Vehic

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• SRK Editorial

Tata Motors Record FY24: Net Profit at ₹31,807 Crore

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STATUTORY SOURCE PROVENANCE & VERIFICATION AUDIT TRAIL

BSE Official Filings (500570) ↗ NSE Official Quote (TATAMOTORS) ↗ Investor Relations Portal ↗

Every financial metric, balance-sheet balance, and shareholding breakdown displayed on this dossier is grounded in primary statutory filings submitted to Indian stock exchanges (SEBI LODR Regulations 31, 33, and 47). No data is manufactured, estimated, or interpolated.

Data Domain	Reporting Period	Statutory Source	Ingestion Date	Status	Provenance Hash
financials_quarterly	SCHEDULED_CHECK	NSE_OFFICIAL_API	03 Nov 2026, 23:43	VERIFIED	a6d6324a8896...
financials_quarterly	SCHEDULED_CHECK	NSE_OFFICIAL_API	03 Nov 2026, 04:45	VERIFIED	f518d3cf86ae...
financials_quarterly	SCHEDULED_CHECK	NSE_OFFICIAL_API	02 Nov 2026, 09:57	VERIFIED	f9206b955713...
financials_quarterly	SCHEDULED_CHECK	NSE_OFFICIAL_API	01 Nov 2026, 14:17	VERIFIED	875d25938a69...
financials_quarterly	SCHEDULED_CHECK	NSE_OFFICIAL_API	31 Oct 2026, 19:46	VERIFIED	4912c43a0362...
financials_quarterly	SCHEDULED_CHECK	NSE_OFFICIAL_API	31 Oct 2026, 00:48	VERIFIED	ea9434efb4cf...
financials_quarterly	SCHEDULED_CHECK	NSE_OFFICIAL_API	30 Oct 2026, 03:26	VERIFIED	ce27c9edeb72...
financials_quarterly	SCHEDULED_CHECK	NSE_OFFICIAL_API	29 Oct 2026, 08:45	VERIFIED	f6080310c504...

DATA SOURCES, STATUTORY DISCLOSURES & METHODOLOGY

All corporate identifiers, listed equity data, shareholding patterns, and financial statements are extracted from official regulatory authorities: National Stock Exchange of India (NSE), BSE Limited, and Ministry of Corporate Affairs (MCA) via audited XBRL Ind-AS submissions under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Regulations 31, 33, and 47). Data is ingested and archived on official end-of-day (EOD) schedules with immutable provenance tracking.

Zero-Fabrication Policy: SRK Money Talk strictly enforces authentic data integrity. No financial values, debt levels, cash flows, or quarterly earnings are ever mathematically synthesized, interpolated, or fabricated. When statutory disclosures have not yet been filed or ingested, fields are strictly labeled as N/A or NOT_YET_AVAILABLE.

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