Tata Motors Passenger Vehicles Limited

Tata Motors Passenger Vehicles Limited (TMPV) financial statements and selected valuation metrics from NSE/BSE exchange filings through 30 June 2026.

Consumer Discretionary›Automobile and Auto Components›Automobiles›Passenger Cars & Utility Vehicles

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Key metrics

Price as of 2026-09-02

Stock price
₹312.75
Market cap
1,15,420 Cr
Stock P/E
148.9
P/B
0.97
Dividend yield
1.9%

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Share price

NSE closing price from historical market data.

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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · NSE preferred when both exchanges report the same period · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales1,05,128 Cr1,10,577 Cr1,19,986 Cr1,08,048 Cr1,01,450 Cr1,13,575 Cr1,19,503 Cr1,04,407 Cr72,349 Cr70,108 Cr1,05,447 Cr95,799 Cr
Operating expenses (approx.)91,361 Cr95,159 Cr1,02,851 Cr92,263 Cr89,291 Cr1,00,494 Cr1,02,685 Cr94,183 Cr73,753 Cr69,229 Cr94,188 Cr89,623 Cr
EBITDA13,767 Cr15,418 Cr17,135 Cr15,785 Cr12,159 Cr13,081 Cr16,818 Cr10,224 Cr-1,404 Cr879 Cr11,259 Cr6,176 Cr
OPM %13.1%13.9%14.3%14.6%12.0%11.5%14.1%9.8%-1.9%1.3%10.7%6.4%
Other income1,631 Cr1,499 Cr1,460 Cr1,575 Cr1,566 Cr1,790 Cr1,509 Cr1,519 Cr1,461 Cr1,467 Cr1,633 Cr1,129 Cr
Interest2,652 Cr2,485 Cr2,234 Cr2,088 Cr2,034 Cr1,725 Cr1,076 Cr938 Cr686 Cr682 Cr767 Cr835 Cr
Depreciation6,636 Cr6,850 Cr7,151 Cr6,574 Cr6,005 Cr5,408 Cr5,295 Cr5,320 Cr4,871 Cr4,969 Cr5,092 Cr4,880 Cr
Profit before tax6,035 Cr7,687 Cr9,369 Cr8,870 Cr5,767 Cr7,674 Cr11,504 Cr5,561 Cr74,546 Cr-4,733 Cr7,277 Cr1,574 Cr
Tax %36.5%7.0%-87.1%35.8%40.2%27.3%25.6%28.0%-2.3%26.4%19.2%45.4%
Net profit3,832 Cr7,145 Cr17,529 Cr5,692 Cr3,450 Cr5,578 Cr8,556 Cr4,003 Cr76,248 Cr-3,483 Cr5,878 Cr859 Cr
EPS (₹)₹9.81₹18.32₹45.42₹14.51₹9.72₹14.81₹23.40₹10.66₹-17.50₹-9.47₹15.71₹2.10

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2019Mar 2020BSE balance sheet (this exchange's own filing had none for this period)Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales3,01,938 Cr2,61,068 Cr2,49,795 Cr2,78,454 Cr3,45,967 Cr4,37,928 Cr4,39,695 Cr3,35,582 CrSign in for TTM
Operating expenses (approx.)2,77,274 Cr2,43,081 Cr2,17,507 Cr2,53,734 Cr3,14,047 Cr3,78,389 Cr3,83,557 Cr3,16,685 CrSign in for TTM
EBITDA24,664 Cr17,987 Cr32,287 Cr24,720 Cr31,920 Cr59,538 Cr56,138 Cr18,897 CrSign in for TTM
OPM %8.2%6.9%12.9%8.9%9.2%13.6%12.8%5.6%Sign in for TTM
Other income2,965 Cr2,973 Cr2,643 Cr3,054 Cr4,633 Cr5,950 Cr6,244 Cr5,787 CrSign in for TTM
Interest5,759 Cr7,243 Cr8,097 Cr9,312 Cr10,225 Cr9,986 Cr5,083 Cr2,827 CrSign in for TTM
Depreciation23,591 Cr21,425 Cr23,547 Cr24,836 Cr24,860 Cr27,270 Cr23,256 Cr19,784 CrSign in for TTM
Profit before tax-31,162 Cr-11,580 Cr-10,853 Cr-7,077 Cr3,394 Cr27,955 Cr38,468 Cr82,205 CrSign in for TTM
Tax %7.8%-3.4%-23.4%-59.8%20.7%-13.8%27.3%-0.3%Sign in for TTM
Net profit-28,724 Cr-11,975 Cr-13,395 Cr-11,309 Cr2,690 Cr31,807 Cr28,149 Cr82,645 CrSign in for TTM
EPS (₹)₹-84.89₹-34.88₹-36.99₹-29.88₹6.29₹81.95₹78.80₹-0.61Sign in for TTM
Dividend payout %————5.2%2.4%8.2%2.7%Sign in for TTM
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Trailing twelve months totals and margin rows

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2019Mar 2020BSE balance sheet (this exchange's own filing had none for this period)Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital679 Cr720 Cr766 Cr766 Cr766 Cr767 Cr736 Cr737 Cr
Reserves59,477 Cr62,359 Cr54,481 Cr43,795 Cr44,556 Cr84,152 Cr1,15,408 Cr1,11,331 Cr
Borrowings—99,678 Cr——1,25,660 Cr98,500 Cr62,499 Cr69,953 Cr
Other liabilities2,47,038 Cr1,58,551 Cr2,87,879 Cr2,86,059 Cr1,57,821 Cr1,79,070 Cr1,93,389 Cr1,93,127 Cr
Total liabilities3,07,195 Cr3,22,121 Cr3,43,126 Cr3,30,620 Cr3,36,081 Cr3,70,664 Cr3,78,642 Cr3,81,922 Cr
Fixed assets (net)—84,158 Cr——84,442 Cr81,184 Cr81,012 Cr73,329 Cr
CWIP—8,600 Cr——5,220 Cr10,937 Cr17,624 Cr26,500 Cr
Investments—16,308 Cr——26,379 Cr22,971 Cr35,656 Cr26,313 Cr
Loans & advances—935 Cr——2,303 Cr197 Cr72 Cr134 Cr
Inventories—37,457 Cr——40,755 Cr47,788 Cr47,269 Cr50,126 Cr
Trade receivables—11,173 Cr——15,738 Cr16,952 Cr13,248 Cr12,619 Cr
Cash & bank—18,468 Cr——31,887 Cr40,015 Cr34,349 Cr22,880 Cr
Other assets3,07,195 Cr1,45,022 Cr3,43,126 Cr3,30,620 Cr1,29,357 Cr1,50,620 Cr1,49,412 Cr1,70,021 Cr
Total assets3,07,195 Cr3,22,121 Cr3,43,126 Cr3,30,620 Cr3,36,081 Cr3,70,664 Cr3,78,642 Cr3,81,922 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2019Mar 2020BSE balance sheet (this exchange's own filing had none for this period)Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity———14,283 Cr35,388 Cr67,915 Cr63,102 Cr13,041 Cr
Cash from investing———-4,775 Cr-16,804 Cr-22,828 Cr-47,594 Cr-24,810 Cr
Cash from financing———-3,380 Cr-26,243 Cr-37,006 Cr-18,786 Cr-1,344 Cr
Net cash flow———6,459 Cr-6,272 Cr8,128 Cr-5,666 Cr-11,469 Cr
Free cash flow (OCF − Capex)———-886 Cr17,292 Cr36,502 Cr25,060 Cr-23,241 Cr

Ratios

Ratios as reported or derived per annual period.

MetricMar 2019Mar 2020BSE balance sheet (this exchange's own filing had none for this period)Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %-42.2%-6.9%-5.0%5.0%7.6%19.8%23.5%45.0%
ROE %-57.2%-19.1%-24.3%-25.7%4.6%33.7%22.7%69.3%
Debtor days—16——17141114
Inventory days—90——71707193
Days payable—159——126138147173
Cash conversion cycle—-54——-38-54-65-66
Debt / equity—1.58—0.032.771.160.540.62
Current ratio—0.85——0.980.970.960.84
Net debt / EBITDA0.000.000.000.002.940.980.502.49

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