TMCV
Tata Motors Limited
India's leading commercial vehicle maker — trucks, buses and small pickups
Industrials›Capital Goods›Agricultural, Commercial & Construction Vehicles›Commercial Vehicles
tatamotors.com(opens the company website in a new tab)Key metrics
Price as of 2026-10-16
Full years shown; sign in free for the trailing twelve months. Learn about these metrics →
Price & valuation
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What you need to know
Tata Motors (formerly TML Commercial Vehicles) makes trucks, buses and small commercial vehicles and pickups for fleet owners, transporters and government buyers in India, and also sells vehicles in export markets.
Company snapshot
1stBy market cap
Ranked among 4 companies in Commercial Vehicles.
What we see
- ✓Cash flow from operations is higher than reported profit — earnings quality looks solid.
Statement tables · Consolidated
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Amounts in ₹ Cr · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|
| Sales | 18,585 Cr | 21,847 Cr | 26,098 Cr | 20,667 Cr |
| Operating expenses (approx.) | 18,568 Cr | 18,964 Cr | 23,458 Cr | 17,395 Cr |
| EBITDA | 17 Cr | 2,883 Cr | 2,640 Cr | 3,272 Cr |
| OPM % | 0.1% | 13.2% | 10.1% | 15.8% |
| Other income | 172 Cr | 332 Cr | 317 Cr | 396 Cr |
| Interest | 256 Cr | 198 Cr | 166 Cr | 135 Cr |
| Depreciation | 472 Cr | 483 Cr | 510 Cr | 508 Cr |
| Profit before tax | -561 Cr | 925 Cr | 2,623 Cr | 2,970 Cr |
| Tax % | -54.5% | 23.8% | 31.6% | 13.9% |
| Net profit | -867 Cr | 705 Cr | 1,793 Cr | 2,556 Cr |
| EPS (₹) | ₹-2.35 | ₹1.91 | ₹4.87 | ₹6.95 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2026 | TTM |
|---|---|---|
| Sales | 83,855 Cr | Sign in free for the trailing twelve months |
| Operating expenses (approx.) | 76,238 Cr | Sign in free for the trailing twelve months |
| EBITDA | 7,617 Cr | Sign in free for the trailing twelve months |
| OPM % | 9.1% | Sign in free for the trailing twelve months |
| Other income | 1,124 Cr | Sign in free for the trailing twelve months |
| Interest | 874 Cr | Sign in free for the trailing twelve months |
| Depreciation | 1,945 Cr | Sign in free for the trailing twelve months |
| Profit before tax | 4,663 Cr | Sign in free for the trailing twelve months |
| Tax % | 35.0% | Sign in free for the trailing twelve months |
| Net profit | 3,030 Cr | Sign in free for the trailing twelve months |
| EPS (₹) | ₹8.23 | Sign in free for the trailing twelve months |
| Dividend payout % | 0.0% | Sign in free for the trailing twelve months |
The latest four quarters added up, next to each full year
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2026 |
|---|---|
| Equity capital | 736 Cr |
| Reserves | 11,998 Cr |
| Borrowings | 4,817 Cr |
| Other liabilities | 34,758 Cr |
| Total liabilities | 52,309 Cr |
| Fixed assets (net) | 11,036 Cr |
| CWIP | 712 Cr |
| Investments | 13,283 Cr |
| Loans & advances | 32 Cr |
| Inventories | 5,448 Cr |
| Trade receivables | 2,721 Cr |
| Cash & bank | 6,899 Cr |
| Other assets | 12,178 Cr |
| Total assets | 52,309 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2026 |
|---|---|
| Cash from operating activity | 14,981 Cr |
| Cash from investing | -3,451 Cr |
| Cash from financing | -6,090 Cr |
| Net cash flow | 5,866 Cr |
| Free cash flow (OCF − Capex) | 12,733 Cr |
Ratios
| Metric | Mar 2026 |
|---|---|
| ROCE % | 31.5% |
| ROE % | 23.8% |
| Debtor days | 12 |
| Inventory days | 41 |
| Days payable | 117 |
| Cash conversion cycle | -65 |
| OCF / EBITDA % | 196.7% |
| Debt / equity | 0.38 |
| Current ratio | 0.76 |
| Net debt / EBITDA | -0.27 |