Financials Tata Motors Limited NSE India S.E.

Equities

TATAMOTORS

INE155A01022

Auto & Truck Manufacturers

Market Closed - NSE India S.E. Other stock markets 12:40:31 13/09/2024 BST			5-day change	1st Jan Change
992.10 ^INR	+0.60%		-5.46%	+27.20%

09-13	Tata Power Arm Ties Up with Tata Motors to Set Up 200 Fast-Charging Stations for EVs	MT
09-12	The Tata Power Company Limited Signs of A Memorandum of Understanding with Tata Motors Limited	CI

Projected Income Statement: Tata Motors Limited

Fiscal Period: März	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	2,610,680	2,497,948	2,784,536	3,459,670	4,379,278	4,656,816	5,110,530	5,432,310
Change	-	-4.32%	11.47%	24.25%	26.58%	6.34%	9.74%	6.3%
EBITDA ¹	256,721	305,573	247,988	334,063	595,622	667,833	757,477	820,950
Change	-	19.03%	-18.84%	34.71%	78.3%	12.12%	13.42%	8.38%
EBIT ¹	42,467	70,086	-369.2	85,460	322,920	379,006	444,427	496,209
Change	-	65.04%	-	-	277.86%	17.37%	17.26%	11.65%
Interest Paid ¹	-72,433	-80,972	-93,119	-102,255	-99,858	-82,738	-72,369	-65,631
Earnings before Tax (EBT) ¹	-105,800	-104,743	-70,034	30,576	279,551	337,970	407,590	442,341
Change	-	-1%	-33.14%	-	814.3%	20.9%	20.6%	8.53%
Net income ¹	-120,708	-134,514	-114,415	24,143	313,991	246,242	305,160	345,263
Change	-	11.44%	-14.94%	-	1,200.55%	-21.58%	23.93%	13.14%
Announcement Date	15/06/20	18/05/21	12/05/22	12/05/23	10/05/24	-	-	-

¹INR in Million

Estimates

Fiscal Period: March	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1
Net sales ¹	614,670	654,320	716,761	624,930	319,831	535,300	756,538	886,279	664,064	613,788	722,293	784,391	719,347	796,114	884,886	1,059,324	1,022,361	1,051,282	1,105,771	1,199,863	1,080,480	1,077,557	1,137,085	1,269,312	1,151,639
Change	-	6.45%	9.54%	-12.81%	-48.82%	67.37%	41.33%	17.15%	-25.07%	-7.57%	17.68%	8.6%	-8.29%	10.67%	11.15%	19.71%	-3.49%	2.83%	5.18%	8.51%	-9.95%	-1.38%	5.52%	11.63%	-9.27%
EBITDA ¹	28,579	71,996	71,965	23,733	6,356	56,653	115,096	127,448	52,576	40,498	67,642	87,271	31,805	61,962	96,430	125,808	128,759	136,741	153,333	169,952	155,090	134,300	147,800	181,300	-
Change	-	151.92%	-0.04%	-67.02%	-73.22%	791.39%	103.16%	10.73%	-58.75%	-22.97%	67.02%	29.02%	-63.56%	94.82%	55.63%	30.47%	2.35%	6.2%	12.13%	10.84%	-8.74%	-11.95%	10.05%	22.67%	-100%
EBIT ¹	-22,538	19,000	19,972	-34,415	-49,638	638.4	53,809	65,277	-9,446	-20,735	6,861	22,950	-26,605	2,989	35,712	55,306	62,427	70,377	84,833	98,446	89,350	86,332	100,263	121,051	113,851
Change	-	-	5.12%	-	44.23%	-	8,328.67%	21.31%	-	119.51%	-	234.5%	-	-	1,094.78%	54.87%	12.88%	12.73%	20.54%	16.05%	-9.24%	-3.27%	16.14%	20.73%	-5.95%
Charge d'intérêts ¹	-17,116	-18,354	-17,436	-19,528	-18,768	-19,496	-21,259	-21,448	-22,033	-23,273	-24,007	-23,805	-24,207	-24,873	-	-26,417	-26,154	-26,517	-24,849	-22,338	-20,880	-25,000	-24,000	-21,300	-
Earnings before Tax (EBT) ¹	-32,382	6,212	13,499	-93,130	-61,837	-8,147	41,674	-76,433	-25,786	-34,716	-6,121	-3,411	-34,680	-14,612	32,026	47,841	46,527	59,859	74,940	93,693	88,700	52,800	65,000	92,600	-
Change	-	-	117.3%	-	-33.6%	-86.83%	-	-	-66.26%	34.63%	-82.37%	-44.28%	916.73%	-57.87%	-	49.38%	-2.75%	28.65%	25.19%	25.02%	-5.33%	-21.12%	23.11%	42.46%	-100%
Net income ¹	-36,983	-2,166	17,383	-98,942	-84,380	-3,144	29,064	-76,054	-44,509	-44,416	-15,161	-10,328	-50,066	-9,446	29,577	54,078	32,028	37,640	70,251	174,072	55,660	39,400	48,500	76,700	-
Change	-	-94.14%	-	-	-14.72%	-96.27%	-	-	-41.48%	-0.21%	-65.86%	-31.88%	384.74%	-81.13%	-	82.84%	-40.77%	17.52%	86.64%	147.79%	-68.02%	-31.06%	23.1%	58.14%	-100%
Announcement Date	25/07/19	25/10/19	30/01/20	15/06/20	31/07/20	27/10/20	29/01/21	18/05/21	26/07/21	01/11/21	31/01/22	12/05/22	27/07/22	09/11/22	25/01/23	12/05/23	25/07/23	02/11/23	02/02/24	10/05/24	01/08/24	-	-	-	-

¹INR in Million

Estimates

Forecast Balance Sheet: Tata Motors Limited

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	505,032	679,831	990,079	886,449	526,934	415,797	251,495	-228,059
Change	-	34.61%	45.64%	-10.47%	-40.56%	-21.09%	-39.51%	-190.68%
Announcement Date	15/06/20	18/05/21	12/05/22	12/05/23	10/05/24	-	-	-

¹INR in Million

Estimates

Cash Flow Forecast: Tata Motors Limited

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	297,020	202,054	151,684	180,957	314,136	372,842	378,591	368,169
Change	-	-31.97%	-24.93%	19.3%	73.6%	18.69%	1.54%	-2.75%
Free Cash Flow (FCF) ¹	-30,691	87,951	-8,856	172,923	365,017	202,290	284,051	338,551
Change	-	-386.57%	-110.07%	-2,052.63%	111.09%	-44.58%	40.42%	19.19%
Announcement Date	15/06/20	18/05/21	12/05/22	12/05/23	10/05/24	-	-	-

¹INR in Million

Estimates

Forecast Financial Ratios: Tata Motors Limited

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	9.83%	12.23%	8.91%	9.66%	13.6%	14.34%	14.82%	15.11%
EBIT Margin (%)	1.63%	2.81%	-0.01%	2.47%	7.37%	8.14%	8.7%	9.13%
EBT Margin (%)	-4.05%	-4.19%	-2.52%	0.88%	6.38%	7.26%	7.98%	8.14%
Net margin (%)	-4.62%	-5.38%	-4.11%	0.7%	7.17%	5.29%	5.97%	6.36%
FCF margin (%)	-1.18%	3.52%	-0.32%	5%	8.34%	4.34%	5.56%	6.23%
FCF / Net Income (%)	25.43%	-65.38%	7.74%	716.25%	116.25%	82.15%	93.08%	98.06%
Profitability
ROA	-1.46%	-4.04%	-3.4%	0.72%	8.89%	6.83%	8.17%	8.05%
ROE	-7.46%	-22.74%	-22.93%	5.37%	48.22%	25.33%	24.48%	22.64%
Financial Health
Leverage (Debt/EBITDA)	1.97x	2.22x	3.99x	2.65x	0.88x	0.62x	0.33x	-
Debt / Free cash flow	-16.46x	7.73x	-111.8x	5.13x	1.44x	2.06x	0.89x	-
Capital Intensity
CAPEX / Current Assets (%)	11.38%	8.09%	5.45%	5.23%	7.17%	8.01%	7.41%	6.78%
CAPEX / EBITDA (%)	115.7%	66.12%	61.17%	54.17%	52.74%	55.83%	49.98%	44.85%
CAPEX / FCF (%)	-967.78%	229.73%	-1,712.8%	104.65%	86.06%	184.31%	133.28%	108.75%
Items per share
Cash flow per share ¹	76.96	75.74	43.02	92.36	165.9	129.5	170.1	203.2
Change	-	-1.59%	-43.21%	114.71%	79.61%	-21.94%	31.35%	19.44%
Dividend per Share ¹	-	-	-	-	3	5.928	6.719	8.952
Change	-	-	-	-	-	97.59%	13.36%	33.23%
Book Value Per Share ¹	182.3	144.3	134.2	118.4	221.7	283.4	362.7	448
Change	-	-20.84%	-6.99%	-11.77%	87.27%	27.81%	28%	23.5%
EPS ¹	-34.88	-36.99	-29.88	6.29	81.88	65.71	81.42	93.41
Change	-	6.05%	-19.22%	-121.05%	1,201.75%	-19.74%	23.9%	14.73%
Nbr of stocks (in thousands)	3,597,474	3,828,811	3,829,165	3,829,847	3,832,242	4,189,387	4,189,387	4,189,387
Announcement Date	15/06/20	18/05/21	12/05/22	12/05/23	10/05/24	-	-	-