Companies›Consumer Discretionary›Automobile and Auto Components›Automobiles
NSE:TMPV

TATA MOTORS PASS VEH LTD

Automobile and Auto Components › Automobiles·NIFTY 100NIFTY 200NIFTY 50NIFTY 500+6
₹263.60
at close · 28 Oct 2026
▲ 2.40 (+0.92%)

Latest filings

Next results: Fri, 13 Nov · Financial Results
  1. Board to approve September 2026 quarter and half-year results · Results
  2. Tata Motors PV and Stellantis sign definitive product and tech partnership · Compliance
  3. Tata Motors PV Q2 FY27 SIAM data shows strong volume growth · Business Updates
All filings ↓
Ask Nexa about TATA MOTORS PASS VEH LTD

Snapshot

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

AI · written from filings

Makes and sells passenger cars and SUVs, operating through two distinct businesses — a wholly-owned UK luxury subsidiary, Jaguar Land Rover, and an India passenger vehicle business covering mass-market and premium hatchbacks, sedans and SUVs. In FY26, consolidated revenue was ₹3,35,582 crore, with Jaguar and Land Rover contributing 81% of segment revenue and India PV 17.3%. Both businesses ran on thin margins (JLR 1.0% segment EBIT, India PV 1.4%), with India PV returning to growth in the second half after GST 2.0 and regaining the #2 position in Vahan market share, while its electric vehicles retained leadership of the India EV segment. JLR is in a transition phase, launching a product renewal cycle including the Range Rover EV and a new Jaguar, supported by a cost-out programme to lower its breakeven volumes. Materials at 58.3% of revenue are the largest cost line, followed by other operating expenses at 17.1% and employee costs at 13.5%.

Revenue mix · reported segments
Jaguar and Land Rover81.0%
Passenger Vehicle (India)17.3%
Others1.6%
Operating scale
India PV FY26 wholesale volumes
6,42,000 units (+15% YoY)FY26
India PV Vahan market share (H2 FY26)
14%+H2 FY26
India EV wholesale volumes
92,000 units (+43% YoY)FY26
India EV market share
40%+FY26
JLR Q4 FY26 wholesales
95,000 unitsQ4 FY26
JLR premium mix (Range Rover, Sport, Defender)
80.8%Q1 FY27
Who pays it
Individual car buyers via dealers; fleet and export customers for India PV and JLR; the EV line-up sells to retail buyers in India.
Biggest cost
Materials (steel, aluminium, components, semiconductors) at 58.3% of revenue.
Kind of business
Cyclical, capital-intensive passenger vehicle OEM spanning India mass-market and global premium luxury.
Where it sits
India's #2 passenger vehicle maker with 14%+ H2 FY26 share; EV market leader with 40%+ India share; JLR is a global House of Brands in luxury SUVs.
Market Cap
₹97,137 Cr
P / E (TTM)
—
EV / EBITDA
7.8×
Div Yield
2.27%
Growth
6.1%▲
Revenue 5y CAGR
PAT — · EBITDA -0.6%
Quality
7.3%·
ROCE (5y median)
ROE 22.9% (5y median) · margin 6.1%
Leverage
0.59·
Debt / Equity · moderate
Net debt ₹47,073 Cr
Revenue FY21→FY26
1.3×▲
Margin +30.0 pts
₹2.50 L Cr → ₹3.36 L Cr
Cash conversion
1.45×▲
Operating cash ÷ profit · 5 yrs
₹1.94 L Cr on ₹1.34 L Cr
Moves on a normal day
1.10%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 20 Automobiles peersBar = share of peers beaten · tick = industry median · latest reported figures
P/B#4/17
ROCE#17/20
ROE#1/17
Debt / Equity#10/17
EBITDA margin#10/17
Revenue growth#15/16
Profit growth#14/17

Scorecard

Measured from the filed financials, judged against its Automobiles peers · as of FY26 — not investment advice

Strengths
Over 5 years it reported ₹1.34 L Cr of profit and ₹1.94 L Cr of operating cash — 1.45×
Profit is converting into cash
Negative working-capital cycle — the business is funded by its suppliers
Concerns
Returns on capital 7.3% (5-year median)
#17 of 20 in Automobiles on the latest reported figures

Charts

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

TMPV · price

Loading chart…

▲ 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?

Loading peers…

Financials

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

Loading financials…

Ownership

Who owns it — and is the promoter stake clean?

Loading shareholding…

Sign up to see the full company file

Governance, sustainability, compliance, earnings calls, presentations, events, reactions and the full filings feed — free with an account.

Common questions

Answered from TATA MOTORS PASS VEH LTD's filed financials and exchange disclosures

What does TATA MOTORS PASS VEH LTD do?

TATA MOTORS PASS VEH LTD is a Automobiles company listed on NSE and BSE, trading under the symbol TMPV.

Is TATA MOTORS PASS VEH LTD profitable?

Yes. Over the trailing twelve months TATA MOTORS PASS VEH LTD reported a net profit of ₹79,502 Cr on revenue of ₹3.44 L Cr.

Does TATA MOTORS PASS VEH LTD pay a dividend?

Yes. The dividend yield is 2.27% at the current price. It paid out 3% of its profit as dividend in FY26.

Is TATA MOTORS PASS VEH LTD debt-free?

No. It reported borrowings of ₹69,953 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹47,073 Cr after cash. Debt stands at 0.59× equity. That is higher than 56% of its 17 Automobiles peers.

How much does the TATA MOTORS PASS VEH LTD share price move in a day?

On a typical session TATA MOTORS PASS VEH LTD moves 1.10% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

When are TATA MOTORS PASS VEH LTD's next results?

Financial Results on Fri, 13 Nov. MarketPing alerts you on WhatsApp the moment the filing lands.

Where can I track TATA MOTORS PASS VEH LTD's announcements?

Every NSE and BSE filing by TATA MOTORS PASS VEH LTD 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.