Tata Motors Group stands as a prominent global automobile manufacturer, operating under the esteemed multinational conglomerate, the Tata Group. Renowned for its diverse array of vehicles encompassing cars, sports utility vehicles, trucks, buses, and defense vehicles, the company boasts a widespread presence across key markets worldwide.
With operations spanning India, the UK, South Korea, South Africa, China, Brazil, Austria, and Slovakia, facilitated by a robust network of subsidiaries, associate companies, and Joint Ventures (JVs), including Jaguar Land Rover in the UK and Tata Daewoo in South Korea.
In this article, we delve into the comprehensive scope and intricacies of Tata Motors Group.
About Tata Motors
Tata Motors is an Indian automotive brand that has been working in the country for the last 77 years. It has many subsidiaries and is working in many joint ventures.
Tata took over Daewoo the biggest truck manufacturer in South Korea in 2004, and its most popular takeover is Jaguar and Land Rover which took place in 2008 from Ford.
Tata Motors employs over 81,000 employees. And is a market leader in the commercial vehicle segment with over 42% market share.
It is working internationally with different companies in joint ventures like an alliance with Fiat and has R&D facilities in the UK, Italy, India, and South Korea.
Tata Motors Q3 FY24 Highlights
- Net Profit Surge: Tata Motors reports a remarkable 137.5% increase in consolidated net profit, reaching ₹7,025.11 crore.
- Revenue Growth: Total revenue climbed by 25% to ₹110,577 crore, driven by a strong performance in Jaguar Land Rover (JLR) sales, which rose 27%.
- Operating Performance: Earnings before interest, taxes, depreciation, and amortization (EBITDA) soar by 59% to ₹15,333 crore, with an EBITDA margin of 13.9%, up 300 basis points.
- JLR’s Strong Performance: JLR’s revenue rises by 22% to £7.4 billion, with an EBIT margin of 8.8% and a profit before tax of £627 million, marking its highest quarterly profit since Q4 FY17.
- Commercial Vehicles (CV) and Passenger Vehicles (PV): CV revenue increases by 19.2% to ₹20,123 crore, while PV revenue grows by 10.6% to ₹12,910 crore, supported by strong volumes and improved margins.
- Financial Health: Debt to equity ratio drops significantly to 1.58 times, EPS climbs to ₹18.32, and finance costs are reduced by ₹191 crore to ₹2,485 crore, reflecting improved financial stability and performance.
| When | Maximum Price | Minimum Price |
| February 2024 | 1,017.36 | 884.66 |
| March 2024 | 1,038.12 | 902.72 |
| April 2024 | 1,007.89 | 876.42 |
| May 2024 | 992.99 | 863.47 |
| June 2024 | 1,028.74 | 894.56 |
| July 2024 | 1,018.45 | 885.61 |
| August 2024 | 1,059.19 | 921.03 |
| September 2024 | 1,101.56 | 957.88 |
| October 2024 | 1,079.96 | 939.09 |
| November 2024 | 1,112.36 | 967.27 |
| December 2024 | 1,140.17 | 991.45 |
In 2024, Tata Motors’ share price targets show a fluctuating trend, with the maximum price projected to reach ₹1,140.17 in December and the minimum at ₹863.47 in May. The market capitalization stands at ₹3,44,423 crore, with the current price at ₹942 (as of February 27th, 2024), trading within the high/low range of ₹950 to ₹400.
The stock’s P/E ratio is at 17.1, with a book value of ₹161 and a dividend yield of 0.21%
| When | Maximum Price | Minimum Price |
| January 2025 | 1,162.97 | 894.59 |
| February 2025 | 1,192.79 | 917.53 |
| March 2025 | 1,239.31 | 953.31 |
| April 2025 | 1,215.01 | 934.62 |
| May 2025 | 1,179.62 | 907.40 |
| June 2025 | 1,232.70 | 948.23 |
| July 2025 | 1,208.53 | 929.64 |
| August 2025 | 1,245.91 | 958.39 |
| September 2025 | 1,289.51 | 991.93 |
| October 2025 | 1,323.04 | 1,017.72 |
| November 2025 | 1,356.12 | 1,043.17 |
| December 2025 | 1,390.02 | 1,069.25 |
In 2025, Tata Motors’ share price targets indicate a progressive upward trajectory, with the maximum price forecasted to reach ₹1,390.02 in December and the minimum at ₹894.59 in January.
| When | Maximum Price | Minimum Price |
| January 2026 | 1,431.72 | 1,101.32 |
| February 2026 | 1,468.43 | 1,129.56 |
| March 2026 | 1,525.70 | 1,173.62 |
| April 2026 | 1,495.79 | 1,150.60 |
| May 2026 | 1,452.22 | 1,117.09 |
| June 2026 | 1,517.57 | 1,167.36 |
| July 2026 | 1,487.81 | 1,144.47 |
| August 2026 | 1,533.83 | 1,179.87 |
| September 2026 | 1,587.51 | 1,221.16 |
| October 2026 | 1,628.79 | 1,252.91 |
| November 2026 | 1,669.51 | 1,284.24 |
| December 2026 | 1,711.24 | 1,316.34 |
In 2026, Tata Motors’ share price targets continue on an upward trajectory, with the maximum price projected to reach ₹1,711.24 in December and the minimum at ₹1,101.32 in January, indicating sustained growth potential
| When | Maximum Price | Minimum Price |
| January 2027 | 1,745.47 | 1,342.67 |
| February 2027 | 1,790.22 | 1,377.10 |
| March 2027 | 1,860.04 | 1,430.80 |
| April 2027 | 1,823.57 | 1,402.75 |
| May 2027 | 1,770.46 | 1,361.89 |
| June 2027 | 1,850.13 | 1,423.18 |
| July 2027 | 1,813.85 | 1,395.27 |
| August 2027 | 1,869.95 | 1,438.42 |
| September 2027 | 1,935.40 | 1,488.77 |
| October 2027 | 1,985.72 | 1,527.48 |
| November 2027 | 2,035.36 | 1,565.66 |
| December 2027 | 2,086.25 | 1,604.80 |
| When | Maximum Price | Minimum Price |
| January 2028 | 2,127.97 | 1,636.90 |
| February 2028 | 2,182.53 | 1,678.87 |
| March 2028 | 2,267.65 | 1,744.35 |
| April 2028 | 2,223.19 | 1,710.15 |
| May 2028 | 2,158.44 | 1,660.34 |
| June 2028 | 2,255.57 | 1,735.05 |
| July 2028 | 2,211.34 | 1,701.03 |
| August 2028 | 2,279.73 | 1,753.64 |
| September 2028 | 2,359.52 | 1,815.02 |
| October 2028 | 2,420.87 | 1,862.21 |
| November 2028 | 2,481.39 | 1,908.76 |
| December 2028 | 2,543.43 | 1,956.48 |
| When | Maximum Price | Minimum Price |
| January 2029 | 2,594.29 | 1,995.61 |
| February 2029 | 2,660.81 | 2,046.78 |
| March 2029 | 2,764.59 | 2,126.60 |
| April 2029 | 2,710.38 | 2,084.91 |
| May 2029 | 2,631.44 | 2,024.18 |
| June 2029 | 2,749.85 | 2,115.27 |
| July 2029 | 2,695.93 | 2,073.79 |
| August 2029 | 2,779.31 | 2,137.93 |
| September 2029 | 2,876.59 | 2,212.76 |
| October 2029 | 2,951.38 | 2,270.29 |
| November 2029 | 3,025.16 | 2,327.05 |
| December 2029 | 3,100.79 | 2,385.22 |
| When | Maximum Price | Minimum Price |
| January 2030 | 3,162.81 | 2,432.93 |
| February 2030 | 3,243.91 | 2,495.31 |
| March 2030 | 3,370.42 | 2,592.63 |
| April 2030 | 3,304.33 | 2,541.79 |
| May 2030 | 3,208.09 | 2,467.76 |
| June 2030 | 3,352.45 | 2,578.81 |
| July 2030 | 3,286.72 | 2,528.24 |
| August 2030 | 3,388.37 | 2,606.44 |
| September 2030 | 3,506.96 | 2,697.66 |
| October 2030 | 3,598.14 | 2,767.80 |
| November 2030 | 3,688.10 | 2,837.00 |
| December 2030 | 3,780.30 | 2,907.92 |
Tata Motors Financial Condition: Last 5 years
| Year | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Sales
(Crore Rs) |
301,938 | 261,068 | 249,795 | 278,454 | 345,967 |
| Expenses (Crore Rs) |
277,274 | 243,081 | 217,507 | 253,734 | 314,151 |
| Operating
Profit |
24,664 | 17,987 | 32,287 | 24,720 | 31,816 |
| OPM % | 8% | 7% | 13% | 9% | 9% |
| Other
Income |
-26,686 | 102 | -11,118 | 2,424 | 6,328 |
| Interest (Crore Rs) |
5,759 | 7,243 | 8,097 | 9,312 | 10,225 |
| Depreciation (Crore Rs) |
23,591 | 21,425 | 23,547 | 24,836 | 24,860 |
| Profit before
tax |
-31,371 | -10,580 | -10,474 | -7,003 | 3,058 |
| Net Profit (Crore Rs) |
-28,724 | -11,975 | -13,395 | -11,309 | 2,690 |
| EPS
(in Rs) |
-99.84 | -39.08 | -40.51 | -34.46 | 7.27 |
| Dividend
Payout % |
0% | 0% | 0% | 0% | 32% |
This is the Profit and Loss statement of Tata Motors comparing the growth of the company for the last 5 years.
As we can see the assets and liabilities of the company have not changed much but the cash reserves of the company have grown by a lot of margins.
We know that Tata Motors bought a factory from Ford in Sanand and plans to manufacture EVs in that factory. Recently they announced this manufacturing plant will be active by FY2024, which will increase the production capacity. We expect Tata Motors to become a top EV brand in India for its EV division and its share price may skyrocket.
FAQs
Tata Motors Share Price Target of 2025 suggests it could be trading between 894.59 to 1,390.02.
Will Tata Motors rise?
Tata Motors is expected to rise in the future as well. As we said, we are bulling on this stock because of the expansion of TM into the EV sectors. This auto stock, according to us, is a long-term hold.
Tata Motors is expected to trade in between ₹2,432.93 and ₹3,780.30 per share in 2030.
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Conclusion
In conclusion, Tata Motors emerges as a formidable player in the global automotive industry, backed by its extensive portfolio and strategic acquisitions. With a robust presence across key markets worldwide and a diverse range of vehicles spanning cars, sports utility vehicles, trucks, buses, and defense vehicles, the company exhibits resilience and adaptability. Despite fluctuating financial performances in recent years, Tata Motors showcases promising growth prospects, especially with its foray into electric vehicles, signifying a shift towards sustainable mobility. The projected share price targets for 2024 to 2030 reflect a positive outlook, with expectations of steady growth and potential for substantial returns.
As Tata Motors continues to expand its production capacities and ventures into emerging technologies, it stands poised to solidify its position as a leading innovator and provider in the automotive landscape. Investors may find Tata Motors an enticing long-term investment opportunity, particularly considering its strategic positioning and future-oriented initiatives.
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