Scribd Logo
Upload

Welcome to Scribd!

  • 13 views

    Tata Motors

    Uploaded by

    insurana73
    The document provides financial information for Tata Motors over several years. It includes metrics like sales, operating profit, net profit, debt levels, share prices, and other ratios. Overall, the company has seen fluctuating financial performance in recent years with some years of profitability and other years of major losses.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Tata Motors

    Uploaded by

    insurana73
    13 views5 pages
    The document provides financial information for Tata Motors over several years. It includes metrics like sales, operating profit, net profit, debt levels, share prices, and other ratios. Overall, the company has seen fluctuating financial performance in recent years with some years of profitability and other years of major losses.

    Original Title

    Tata Motors (1)

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The document provides financial information for Tata Motors over several years. It includes metrics like sales, operating profit, net profit, debt levels, share prices, and other ratios. Overall, the company has seen fluctuating financial performance in recent years with some years of profitability and other years of major losses.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    13 views5 pages

    Tata Motors

    Uploaded by

    insurana73
    The document provides financial information for Tata Motors over several years. It includes metrics like sales, operating profit, net profit, debt levels, share prices, and other ratios. Overall, the company has seen fluctuating financial performance in recent years with some years of profitability and other years of major losses.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    You are on page 1of 5

    (₹ Crores/10 Millions) TATA MOTORS LTD

    Narration Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19


    Sales ##### ###### ###### ###### ###### ######
    Operating Profit 34,853 39,239 38,395 29,589 31,458 24,664
    Operating Profit Margin (OPM%) 15% 15% 14% 11% 11% 8%
    Other Income -157 714 -2,670 1,869 5,933 -26,686
    Interest 4,749 4,861 4,889 4,238 4,682 5,759
    Depreciation 11,078 13,389 16,711 17,905 21,554 23,591
    Profit before tax (PBT) 18,869 21,703 14,126 9,315 11,155 -31,371
    Tax% 25% 35% 21% 35% 39% 8%
    Net profit after tax (PAT) 13,991 13,986 11,579 7,454 8,989 -28,826
    Net Profit Margin (NPM%) 6% 5% 4% 3% 3% -10%
    Cash from Operating Activity (CFO) 36,151 35,531 37,900 30,199 23,857 18,891
    Capex {(NFA+WIP) change+Dep} 28,154 32,742 14,397 53,358 5,262
    FCF 7,377 5,158 15,802 -29,501 13,629
    Total Debt (D) 60,642 73,610 69,360 78,604 88,950 ######
    Share Capital 644 644 679 679 679 679
    Dividend Paid (Div) Without DDT 644 - 68 - - -
    Cash + Investments (CI +NCI) 40,398 47,453 54,227 56,416 55,427 48,420

    Self-Sustainable Growth Rate (SSGR) -4% -8% -22%

    Trade Receivables 10,574 12,579 13,571 14,076 19,893 18,996


    Inventory 27,271 29,272 32,656 35,085 42,138 39,014

    PBT/Avg. NFA (<10%,>25%) 28% 14% 9% 10% -27%


    ROE on Avg Equity (<7%,>25%) 23% 17% 11% 12% -37%
    ROCE (EBIT on Avg CE/TA) (<10%,>35%) 12% 8% 5% 5% -8%
    Incremental ROE 3Yr Rolling -17% -15% -145%

    Net Fixed Asset Turnover (High is better) 3.34 2.79 2.65 2.68 2.60
    Receivables days (Low is better) 16 17 19 21 24
    Inventory Turnover (High is better) 9.3 8.8 8.0 7.6 7.4
    Working capital cycle days (Rec + Inv Days) 55 59 65 70 73

    Net Fixed Assets (NFA) 69,092 88,479 1,07,232 95,944 1,21,414 1,11,234
    Capital Work in Progress (CWIP) 33,263 28,640 25,919 33,699 40,034 31,884

    Dividend Paid (Div) Without DDT 644 - 68 - - -


    Dividend Payout (Div/PAT) 5% 0% 1% 0% 0% 0%
    Retained Earnings (RE=PAT-Div) 13,347 13,986 11,511 7,454 8,989 -28,826
    Price to earning 8.1 11.2 9.6 18.0 10.5 -
    Mcap ##### ###### ###### ###### 94,371 50,311
    Cash + Investments (CI +NCI) 40,398 47,453 54,227 56,416 55,427 48,420

    Total Debt (D) 60,642 73,610 69,360 78,604 88,950 ######


    Total Equity (E) 65,603 56,262 78,952 58,062 95,428 60,180
    Debt to Equity ratio (D/E) 0.9 1.3 0.9 1.4 0.9 1.8
    Cost of funds 12.0%
    Interest outgo (Rs. Cr.) 8055 8578 8878 10053 11708
    Interest Coverage (OP/Int. Out) 4.9 4.5 3.3 3.1 2.1

    Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19


    Cash from Operating Activity (CFO) 36,151 35,531 37,900 30,199 23,857 18,891
    Cash from Investing Activity (CFI) -27,991 -36,232 -36,694 -39,571 -25,139 -20,878
    Cash from Financing Activity (CFF) -3,883 5,201 -3,795 6,205 2,012 8,830
    Net Cash Flow (CFO+CFI+CFF) 4,277 4,500 -2,589 -3,167 730 6,843
    Cash & Eq. at the end of year 29,712 32,116 30,460 36,078 34,614 32,649

    Total Retained Earnings (RE) in 10 Yrs (A) -8,853


    Total increase in Mcap in 10 yrs (B) ######
    Value created per INR of RE (B/A) -26.92

    Costs as % of Sales
    Raw Material 62% 61% 60% 62% 64% 65%
    Power & Fuel 0% 0% 0% 0% 0% 1%
    Employee Costs 9% 10% 11% 11% 10% 11%
    Selling & Admin Costs 10% 9% 8% 11% 11% 11%
    Other Manufacturing Expenses 6% 6% 4% 4% 4% 4%
    Other Expenses -2% -1% 3% 2% 0% 1%
    Dec-23 << Latest available quarterly results
    Mar-20 Mar-21 Mar-22 Mar-23 Last 4 Quarters Total 10 Yrs TRENDS: 10Yr
    ###### ###### ###### ###### 4,23,874 Sales Growth 4%
    17,987 32,287 24,720 31,816 55,517 OPM 11%
    7% 13% 9% 9% 13% PAT Growth -18%
    102 -11,118 2,424 6,328 4,963 -23,261 Avg. PE 19.2
    7,243 8,097 9,312 10,225 10,394 64,056
    21,425 23,547 24,836 24,860 27,170 1,98,895 CMP 963
    -10,580 -10,474 -7,003 3,058 22,917 P/E 18.2
    -4% -24% -60% 23% 16% P/B 7.8
    -12,071 -13,451 -11,441 2,414 19,400 -7,376 P/E*P/B 141.1
    -5% -5% -4% 1% 5% Div Yield 0.2%
    26,633 29,001 14,283 35,388 CFO 2,87,834 Market Cap 3,52,179
    41,037 20,489 14,271 22,108 Capex 2,31,817
    -14,404 8,512 12 13,280 FCF 56,017 -8,853 Total Retained Earnings (RE)
    ###### ###### ###### ###### FCFE (Post Int. exp.) -8,039 2,38,294 Total increase in Mcap in 10
    720 766 766 766 Total Div 10 Yrs 1,478 -26.92 Value created per INR of RE
    - - - 766 Inc. in Debt in 10Yrs 73,471
    50,035 71,413 70,049 63,395 Cash+Investments 63,395 0 Closing share price on Marc
    FCF/CFO 19%
    -28% -33% -27% -24% Interest Outgo 111293
    Change in 10 Yrs
    11,173 12,679 12,442 15,738 -5,164
    37,457 36,089 35,240 40,755 -13,485

    -9% -8% -5% 2%


    -20% -23% -23% 5%
    -1% -1% 1% 4%
    158% 70% -32% -39%

    2.19 1.88 2.01 2.55


    21 17 16 15
    6.8 6.8 7.8 9.1
    75 71 63 55

    1,27,107 1,38,708 1,38,855 1,32,080


    35,622 20,964 10,251 14,275

    - - - 766 1478 Div Growth 2%


    0% 0% 0% 32%
    -12,071 -13,451 -11,441 1,648
    - - - 57.9
    21,947 ###### ###### ###### 3,52,179
    50,035 71,413 70,049 63,395 63,395

    ###### ###### ###### ###### Debt 9%


    62,211 55,247 44,561 45,322 Book Value -4%
    2.0 2.6 3.3 3.0

    13858 16015 17315 16834 111293


    1.3 2.0 1.4 1.9

    Mar-20 Mar-21 Mar-22 Mar-23 Total 10 Yrs


    26,633 29,001 14,283 35,388 2,87,834
    -33,115 -25,673 -4,444 -15,417 -2,65,154
    3,390 9,904 -3,380 -26,243 -1,759
    -3,092 13,232 6,459 -6,272 20,921
    33,727 46,792 40,669 37,016

    64% 63% 65% 65%


    0% 0% 1% 1%
    12% 11% 11% 10%
    11% 9% 10% 10%
    4% 3% 3% 3%
    1% 0% 0% 1%
    Source: Screener.in
    7Yr 5Yr 3Yr TTM
    3% 3% 10% 23%
    10% 9% 10% 13%
    -20% -23% -158% 704%
    28.8 57.9 57.9 18.2

    Total Retained Earnings (RE) in 10 Yrs (A)


    Total increase in Mcap in 10 yrs (B)
    Value created per INR of RE (B/A)

    Closing share price on March 31, 10 years back

    41%

    10% 9% 2% -8%
    -8% -14% -10% 2%

    You might also like