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TMCV.NS

Tata Motors Ltd.

Capital Goods
Price research

Price history

Max window · 2025-11-12 to 2026-09-22

Start 2025-11-12 ₹329.45
End 2026-09-22 ₹440.10
Change over window +33.59%
Methodology

Price is the daily close from stored Kite history. The other metrics pair that daily price with the company's periodic filings — each fundamental (revenue, EPS, equity…) is held flat at its latest filed value between annual filings, so a ratio steps at each filing and moves daily only through its price term. A metric with no input on file for this company (e.g. EV/EBITDA for a bank, which has no EBIT) is shown as unavailable, never guessed. Share-count-based metrics use the latest diluted share count against split/bonus-adjusted prices.

Technical analysis

Technical indicators

Same window as the price chart above

These reflect only the stock's recent price and volume behavior — not the company's fundamentals — and are not a recommendation to buy or sell. Standard published parameters are used throughout (see each chart's own label); a company with too little stored price history for a given indicator's lookback window shows that plainly below rather than a garbage or misleading value.

Latest value of each line in the charted window
Methodology

MACD (12,26,9), Stochastic Oscillator (14,3) and Money Flow Index (14-day) each carry their own published reference lines/bands (20/80 for the oscillator readings) where one is standard. ADX includes +DI/-DI for direction alongside trend strength; a dashed line marks the commonly published 25 "trending market" reading. ATR is shown in raw rupees here; the price/volume preset screen (below, and on the Screener page) reports it as a % of price so it's comparable across stocks at different price levels. Computed from the same stored daily OHLCV history as the price chart above — no new data source.

Ratios as of FY2025-26 Annual filing · published 2026-05-13
Price (live) ₹440.10 INR fetched 2026-09-23 02:40
Fundamental analysis

Ratios

Calculated from this company's filed figures, and from the current price where a ratio needs one. Every ratio shows its source trace: the filed elements it reads and the arithmetic behind the result.

P/E

53.08

P/E = Price / EPS

Source trace FY2025-26 · Annual filing

P/E = Price / (ProfitOrLossAttributableToOwnersOfParent / PaidUpValueOfEquityShareCapital ÷ FaceValueOfEquityShareCapital) → ₹440.10 / (₹30,510,000,000 / 3,680,000,000 shares) = ₹440.10 / ₹8.29 EPS

ROE

23.96%

ROE = Net Income / Shareholder Equity

Source trace FY2025-26 · Annual filing

ROE = ProfitOrLossAttributableToOwnersOfParent / EquityAttributableToOwnersOfParent → ₹30,510,000,000 / ₹127,340,000,000 = 23.96%

Debt/Equity

0.38

Debt/Equity = Total Debt / Shareholder Equity

Source trace FY2025-26 · Annual filing

Debt/Equity = BorrowingsCurrent + BorrowingsNoncurrent / EquityAttributableToOwnersOfParent → ₹48,170,000,000 / ₹127,340,000,000 = 0.38

Current Ratio

0.76

Current Ratio = Current Assets / Current Liabilities

Source trace FY2025-26 · Annual filing

Current Ratio = CurrentAssets / CurrentLiabilities → ₹232,080,000,000 / ₹306,030,000,000 = 0.76

ROCE

38.72%

ROCE = EBIT / (Shareholder Equity + Total Debt)

Source trace FY2025-26 · Annual filing

ROCE = ProfitBeforeExceptionalItemsAndTax + FinanceCosts / (EquityAttributableToOwnersOfParent + BorrowingsCurrent + BorrowingsNoncurrent) → ₹67,960,000,000 / (₹127,340,000,000 + ₹48,170,000,000) = 38.72%

Dividend Yield

0.00%

Dividend Yield = (Dividends Paid / Diluted Shares Outstanding) / Price

Qualification This is cash paid during the fiscal year, not a per-share rate declared for it (no such element exists in the filing data) — timing can straddle interim/final dividends across years, and pre-FY2020-21 figures may include the since-abolished Dividend Distribution Tax, reading higher than later years for that reason alone.

Source trace FY2025-26 · Annual filing

Dividend Yield = (|DividendsPaidClassifiedAsFinancingActivities| / PaidUpValueOfEquityShareCapital ÷ FaceValueOfEquityShareCapital) / Price → (₹0 / 3,680,000,000 shares) / ₹440.10 = ₹0.00 / ₹440.10

Growth & quality

Growth & earnings trend

Computed from this company's stored annual filings. Each figure carries the filed values behind it as a tooltip.

Revenue CAGR · 3y N/A
Net profit CAGR · 3y N/A
Operating margin · FY2025-26 8.1%
ROCE · FY2025-26 38.7%

Revenue & Profit CAGR

Revenue (3y, —y actual)
N/A
Net Profit (3y)
N/A
Revenue (5y, —y actual)
N/A
Net Profit (5y)
N/A
Revenue (10y, —y actual)
N/A
Net Profit (10y)
N/A

Operating Margin Trend

FY2025-26
8.1%

Needs operating margin for 2+ stored years.

ROCE Trajectory

FY2025-26
38.7%

Earnings Quality

Needs net profit and CFO for 3+ stored years; only 1 on file.

Sector-Relative Percentile

Sector · Capital Goods
ROE 77th percentile Better than 48 of 62 sector peers (77th percentile).
ROCE 95th percentile Better than 59 of 62 sector peers (95th percentile).
Debt/Equity 10th percentile Better than 6 of 62 sector peers (10th percentile).
P/E 48th percentile Better than 30 of 62 sector peers (48th percentile).
Forensic accounting

Beneish M-Score

Eight year-over-year accounting indices (Beneish, 1999) computed for Tata Motors Ltd. across its two most recently stored annual filings. Read the disclosures below before anything past this paragraph.

This is not an accusation and not a finding that any manipulation occurred. Beneish's own paper is explicit that the score identifies companies whose accounting CHARACTERISTICS resemble those of a sample of past manipulators -- nothing more. StockProof never labels a company "manipulator", "red flag" or "suspicious", and never shows any list of companies ordered by this score. The eight components below -- factual statements about figures the company itself filed -- always come before the composite number, which is the inference, not the fact.

The M-Score is calibrated on 74 US-listed companies from 1982-1992 later found to have manipulated earnings (Beneish, M. D. (1999), "The Detection of Earnings Manipulation", Financial Analysts Journal 55(5)) -- not on any Indian company or era. Measured on StockProof's own Nifty 500 universe as of 2026-09-02, 13.6% of companies score above Beneish's own published cutoff. On any realistic base rate of actual earnings manipulation, that flag rate is overwhelmingly false positives, not overwhelmingly real ones.

No "Selling, General & Administrative Expense" element exists anywhere in NSE's filed data. The SGAI component below is approximated as Employee Benefit Expense + Other Expenses, divided by revenue -- a reasonable stand-in for a manufacturer, but for a services company this proxy is closer to the entire cost base than to SG&A specifically. This is disclosed because it is a genuine deviation from Beneish's published specification; its coefficient (-0.172) is the smallest of the eight, which bounds how far the approximation can move the composite.

This measures something different from a financial-distress score like Altman's Z-Score, and the two essentially never agree. Measured on StockProof's own 389-company overlap as of 2026-09-02: only 5 companies were flagged by both, an agreement rate (intersection ÷ union) of 6.2%, and a correlation between the two scores of +0.088 -- closely matching the independently measured +0.092 over 3,242 Malaysian-listed companies. A low Z-Score and a high M-Score are not corroborating each other; they are unrelated measurements.

Index Value Beneish's own threshold Reading, vs. that threshold
DSRI — Days' Sales in Receivables Index N/A 1.031 Beneish's model compares this year's figures to last year's; it needs at least 2 stored annual years, and only 1 year is on file.
GMI — Gross Margin Index N/A 1.014 Beneish's model compares this year's figures to last year's; it needs at least 2 stored annual years, and only 1 year is on file.
AQI — Asset Quality Index N/A 1.039 Beneish's model compares this year's figures to last year's; it needs at least 2 stored annual years, and only 1 year is on file.
SGI — Sales Growth Index N/A 1.134 Beneish's model compares this year's figures to last year's; it needs at least 2 stored annual years, and only 1 year is on file.
DEPI — Depreciation Index N/A 1.077 Beneish's model compares this year's figures to last year's; it needs at least 2 stored annual years, and only 1 year is on file.
SGAI — SG&A Index N/A 1.041 Beneish's model compares this year's figures to last year's; it needs at least 2 stored annual years, and only 1 year is on file.
LVGI — Leverage Index N/A 1.111 Beneish's model compares this year's figures to last year's; it needs at least 2 stored annual years, and only 1 year is on file.
TATA — Total Accruals to Total Assets N/A 0.018 Beneish's model compares this year's figures to last year's; it needs at least 2 stored annual years, and only 1 year is on file.

Composite M-Score not computable — Beneish's model compares this year's figures to last year's; it needs at least 2 stored annual years, and only 1 year is on file.

Financials

Quarterly trend

4 stored quarters

Revenue Net Profit Net Profit (loss quarter)
Metric (to shareholders basis) Q2 FY2025-26 Q3 FY2025-26 Q4 FY2025-26 Q1 FY2026-27 Source
Revenue ₹18,585.00 Cr. ₹21,847.00 Cr. ₹26,098.00 Cr. Gross ₹26,097.70 Cr. ₹20,667.00 Cr. Gross ₹20,666.98 Cr. RevenueFromOperations
Net Profit ₹-867.00 Cr. ₹705.00 Cr. ₹1,793.00 Cr. ₹2,560.00 Cr. incl. minority ₹2,556.00 Cr. ProfitOrLossAttributableToOwnersOfParent
Basis

Primary figures are Revenue from Operations and Net Profit attributable to shareholders — the basis the ratios use. Where they differ, the companion Gross revenue (incl. inter-segment) and incl. minority net profit (the totals a news headline usually quotes) are shown beneath, each traceable to its own XBRL element. Quarters shown are however many are actually stored (up to 10).

Ownership

Shareholding pattern

Latest filing Jun 2026 · 4 filings on file

Promoter & Promoter Group
42.56%
Public
57.44%
Employee Trusts
0.00%
Promoter % Public %
Metric Nov 2025 Dec 2025 Mar 2026 Jun 2026
Promoter & Promoter Group 42.56% 42.56% 42.56% 42.56%
Public 57.44% 57.44% 57.44% 57.44%
Employee Trusts 0.00% 0.00% 0.00% 0.00%
Source

Promoter vs. public shareholding, from NSE's own quarterly shareholding-pattern filings. This is the headline promoter/public split only — a further breakdown by FII/DII/mutual fund holders requires each filing's own detailed disclosure and isn't shown here.

Trading activity

Delivery volume

20 trading days shown

Latest (2026-09-23) 69.4%
Trailing 20-day average 53.6%
Date Traded Qty Delivery Qty Delivery %
2026-09-23 11532732 7998461 69.35%
2026-09-22 4761149 2216086 46.55%
2026-09-21 4676841 2534930 54.20%
2026-09-18 13129939 7908093 60.23%
2026-09-17 4775496 2389548 50.04%
2026-09-16 5085378 2602612 51.18%
2026-09-15 4286778 1767691 41.24%
2026-09-11 7109495 3856510 60.31%
2026-09-10 4477525 2287723 51.09%
2026-09-09 5681388 3110384 54.75%
2026-09-08 4623711 2671636 57.78%
2026-09-07 4403689 2096881 47.62%
2026-09-04 6245264 2825106 45.24%
2026-09-03 7518097 4347172 57.82%
2026-09-02 11505564 6724333 58.44%
2026-09-01 8807895 3995044 45.36%
2026-08-31 15309357 9241639 60.37%
2026-08-28 6189661 3272474 52.87%
2026-08-27 10010513 5396877 53.91%
2026-08-26 8416088 4540448 53.95%
Source

Delivery quantity/percentage from the NSE bhavcopy (DELIV_QTY/DELIV_PER) — the share of that day's traded volume that actually settled into a demat account, rather than being squared off intraday. A higher delivery percentage is commonly read as genuine accumulation/distribution rather than speculative same-day trading; this describes recent trading PATTERN, not the company itself, and is not a recommendation to buy or sell. A blank cell is a day NSE itself published no figure for, never a zero.

Insider trading activity

No insider-trading disclosures on file. That may mean none have been fetched yet, or that NSE has genuinely published none for this company.

Filings & evidence

Source documents

FY2025-26 · Annual filing

The raw filing line items behind the figures on this page, and NSE's own filing document where NSE publishes one.

Source document — income statement (FY2025-26, raw filing line items)
Line itemFiled value
ProfitOrLossAttributableToOwnersOfParent30510000000.0
PaidUpValueOfEquityShareCapital ÷ FaceValueOfEquityShareCapital3680000000.0
Source document — balance sheet (FY2025-26, raw filing line items)
Line itemFiled value
CurrentAssets232080000000.0
CurrentLiabilities306030000000.0
EquityAttributableToOwnersOfParent127340000000.0
BorrowingsCurrent + BorrowingsNoncurrent48170000000.0
Research notes

My notes