Tata Motors Ltd.

NSE: TMCV · Commercial Vehicles

52W Range₹306 ₹509

Snapshot

Unlock Tata Motors Ltd.'s vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Tata Motors Limited is a manufacturer of commercial vehicles, including utility vehicles, pick-ups, trucks, and buses. The company maintains a significant operational footprint in India and South Korea, with an additional international presence spanning Africa, the Middle East, Latin America, Southeast Asia, and SAARC countries.

Business Model

The company generates revenue through the design, manufacture, and sale of a diverse range of commercial vehicles tailored for various industrial and transport applications. It leverages an extensive international distribution network to supply markets across multiple continents.

Growth Outlook

Growth is expected to be driven by the expansion of its commercial vehicle portfolio and the strengthening of its market position across its diverse international geographies.

Key Risks

  • Cyclical Demand. The commercial vehicle sector is highly sensitive to economic cycles and infrastructure spending, which can lead to volatility in sales volumes.
  • Geopolitical Instability. Operating across diverse international markets exposes the company to risks related to trade policies, currency fluctuations, and regional political instability.
  • Regulatory Compliance. The company must navigate evolving emission standards and safety regulations across multiple jurisdictions, which may necessitate significant capital expenditure.
  • Supply Chain Disruptions. Reliance on complex global supply chains for components makes the company vulnerable to logistics bottlenecks and raw material price inflation.

Price

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Peers · Commercial Vehicles

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Tata Motors Ltd.TMCV
1,53,2589.0%
Tata Motors Ltd.TATAMOTORS
1,13,1029.0%
Ashok Leyland Ltd.ASHOKLEY
98,00526.2013.1216.1%20.1%29.2%16.8%+24.3%
Sml Mahindra Ltd.SMLMAH
5,82637.1021.6318.3%10.1%38.3%42.9%
Atul AutoATULAUTO
1,13631.9217.0214.1%10.5%9.6%12.4%+3.7%

As of Mar 2026

Financials