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NSE:TMCV

TATA MOTORS LIMITED

Capital Goods › Agricultural Commercial & Construction Vehicles·NIFTY 100NIFTY 200NIFTY 500NIFTY LARGEMIDCAP 250+4
₹399.55
at close · 28 Oct 2026
▲ 0.20 (+0.05%)
ThemesGreen Hydrogen· mention

Latest filings

  1. Iveco tender offer reaches 89.42% and becomes unconditional · Compliance
  2. Q2 FY27: 42% revenue growth and strong cash flow, but commodity pressure persists · Investor Communications
  3. Amazon to deploy 3,000 Tata electric trucks in India · Compliance
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Manufactures and sells commercial vehicles in India and internationally, spanning heavy and intermediate trucks, buses, small commercial vehicles (SCVs) and pickups, plus electric variants across these segments. Following an October 2025 demerger, the listed entity operates as a pure-play commercial vehicle maker. The Commercial Vehicle segment accounts for 98.5% of FY26 revenue at Rs 82,611 cr, with segment EBIT of Rs 8,727 cr; 'Others' contributes 1.2% at Rs 968 cr. Total FY26 revenue was Rs 83,855 cr, with materials at 58.2% of revenue (steel, aluminium, copper, precious metals, plus rupee movements) the dominant cost. Q4 FY26 saw 17 new next-generation truck launches and an Indonesia export programme began shipping. It has secured over 3,400 electric CV orders spanning freight, logistics and passenger mobility. The Iveco acquisition awaits French and Spanish regulatory approvals and is expected to close in Q2 FY27. July 2026 monthly sales reached 39,641 units, up 37% year-on-year, with domestic sales of 33,876 units and international 5,765 units.

Revenue mix · reported segments
Commercial Vehicle98.5%
Others1.2%
Corporate/Unallocable0.3%
Operating scale
Indonesia export order
70,000 units, first shipment at seaFY26
Electric bus fleet
3,800+ buses covering 55 crore kmFY26
Electric SCV fleet
17,000+ eSCVs on roadFY26
Charge point partnerships
14+ charge point operator tie-upsFY26
Fleet Edge telematics
~1 million vehicles trackedQ4 FY26
New truck launches
17 next-gen trucks launchedQ4 FY26
Who pays it
Transporters, fleet operators, state transport undertakings, e-commerce, FMCG, cement, steel, mining and passenger transport buyers
Biggest cost
Materials (steel, aluminium, copper, precious metals, plus rupee) at 58.2% of revenue
Kind of business
Cyclical, asset-heavy commercial vehicle manufacturing with growing electric CV mix
Where it sits
India's largest commercial vehicle maker; pure-play CV following October 2025 demerger
Market Cap
₹1.47 L Cr
P / E (TTM)
35.1×
EV / EBITDA
17.0×
Div Yield
—
Growth
—·
Revenue 5y CAGR
PAT — · EBITDA —
Quality
24.7%▲
ROCE (FY26)
ROE 23.8% · margin 8.7%
Leverage
0.38·
Debt / Equity · low
Net cash ₹2,082 Cr
Moves on a normal day
1.28%·
Median daily move
Last 236 sessions · the yardstick for filing-day moves
Where it sits among 11 Agricultural Commercial & Construction Vehicles peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#9/11
P/B#9/11
ROCE#4/11
ROE#2/11
Debt / Equity#8/11
EBITDA margin#5/12

Scorecard

Measured from the filed financials, judged against its Agricultural Commercial & Construction Vehicles peers · as of FY26 — not investment advice

Strengths
Returns on capital 24.7%
#4 of 11 in Agricultural Commercial & Construction Vehicles on the latest reported figures
Negative working-capital cycle — the business is funded by its suppliers
Concerns
Nothing flagged in the filed numbers.

Charts

How has the market priced it — with filings on the timeline?

TMCV · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from TATA MOTORS LIMITED's filed financials and exchange disclosures

What does TATA MOTORS LIMITED do?

TATA MOTORS LIMITED is a Agricultural Commercial & Construction Vehicles company listed on NSE and BSE, trading under the symbol TMCV.

Is TATA MOTORS LIMITED profitable?

Yes. Over the trailing twelve months TATA MOTORS LIMITED reported a net profit of ₹4,187 Cr on revenue of ₹87,197 Cr.

Does TATA MOTORS LIMITED pay a dividend?

Not in the latest reported year — TATA MOTORS LIMITED's dividend payout for FY26 was nil.

Is TATA MOTORS LIMITED debt-free?

On a net basis, yes. It reported borrowings of ₹4,817 Cr on its 31 Mar 2026 balance sheet, but holds ₹2,082 Cr more cash than debt.

Is TATA MOTORS LIMITED expensive compared with its peers?

On trailing P/E, TATA MOTORS LIMITED ranks 9 of 11 in Agricultural Commercial & Construction Vehicles — cheaper than 20% of them, against an industry median of 27.8×. This is a position, not a valuation judgement.

How much does the TATA MOTORS LIMITED share price move in a day?

On a typical session TATA MOTORS LIMITED moves 1.28% — that is the median absolute close-to-close move across its last 236 trading days. MarketPing measures each filing's price reaction against it.

Where can I track TATA MOTORS LIMITED's announcements?

Every NSE and BSE filing by TATA MOTORS LIMITED appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.