Historical Financial Statememt - TATA MO

Years Mar-15 Mar-16 Mar-17 Mar-18

# Income Statement
Sales ₹ 263,158.98 ₹ 273,045.60 ₹ 269,692.51 ₹ 291,550.48
Sales Growth 3.76% -1.23% 8.10%

COGS ₹ 202,856.88 ₹ 205,509.07 ₹ 205,454.24 ₹ 228,429.83

COGS % of Sales 77.09% 75.27% 76.18% 78.35%

Gross Profit ₹ 60,302.10 ₹ 67,536.53 ₹ 64,238.27 ₹ 63,120.65

Gross Margin 22.91% 24.73% 23.82% 21.65%

S&G Expenses ₹ 21,063.45 ₹ 29,141.28 ₹ 34,649.58 ₹ 31,662.97

S&G Exp % of Sales 8.00% 10.67% 12.85% 10.86%

EBITDA ₹ 39,238.65 ₹ 38,395.25 ₹ 29,588.69 ₹ 31,457.68

EBITDA % of Sales 14.91% 14.06% 10.97% 10.79%

EBIT ₹ 25,850.02 ₹ 21,684.47 ₹ 11,683.70 ₹ 9,904.09

EBIT% of Sales 9.82% 7.94% 4.33% 3.40%

Interest ₹ 4,861.49 ₹ 4,889.08 ₹ 4,238.01 ₹ 4,681.79

Interest % of Sales 1.85% 1.79% 1.57% 1.61%

Depriciation ₹ 13,388.63 ₹ 16,710.78 ₹ 17,904.99 ₹ 21,553.59

Depriciation % of Sales 5.09% 6.12% 6.64% 7.39%

Earnings Before Tax ₹ 20,988.53 ₹ 16,795.39 ₹ 7,445.69 ₹ 5,222.30

EBT % of Sales 7.98% 6.15% 2.76% 1.79%

Tax ₹ 7,642.91 ₹ 3,025.05 ₹ 3,251.23 ₹ 4,341.93

Tax Rate 36.41% 18.01% 43.67% 83.14%

Net Profit ₹ 13,345.62 ₹ 13,770.34 ₹ 4,194.46 ₹ 880.37

Net Profit Margin 5.07% 5.04% 1.56% 0.30%

No. of Equity Shares in Cr 288.74 288.72 288.73 288.73

EPS ₹ 46.22 ₹ 47.69 ₹ 14.53 ₹ 3.05

EPS growth rate 3.19% -69.54% -79.01%

Dividend Per Share 0.0 0.2 0.0 0.0

Dividend payout ratio 0.00% 0.49% 0.00% 0.00%

Retained Earnings 100.00% 99.51% 100.00% 100.00%

# Balance Sheet
 Equity Share Capital ₹ 643.78 ₹ 679.18 ₹ 679.22 ₹ 679.22
Reserves ₹ 55,618.14 ₹ 78,273.23 ₹ 57,382.67 ₹ 94,748.69
Borrowings ₹ 73,610.39 ₹ 69,359.96 ₹ 78,603.98 ₹ 88,950.47
Other Liabilities ₹ 107,442.48 ₹ 114,871.75 ₹ 135,914.49 ₹ 142,813.43
Total Liabilities ₹ 237,314.79 ₹ 263,184.12 ₹ 272,580.36 ₹ 327,191.81

Fixes Assets Net Block ₹ 88,479.49 ₹ 107,231.76 ₹ 95,944.08 ₹ 121,413.86

Capital Work in Progress ₹ 28,640.09 ₹ 25,918.94 ₹ 33,698.84 ₹ 40,033.50
Investments ₹ 15,336.74 ₹ 23,767.02 ₹ 20,337.92 ₹ 20,812.75
Other Assets ₹ 30,891.17 ₹ 29,579.36 ₹ 37,360.78 ₹ 48,286.86
Total Non Current Assets ₹ 163,347.49 ₹ 186,497.08 ₹ 187,341.62 ₹ 230,546.97

Receivables ₹ 12,579.20 ₹ 13,570.91 ₹ 14,075.55 ₹ 19,893.30

Inventory ₹ 29,272.34 ₹ 32,655.73 ₹ 35,085.31 ₹ 42,137.63
Cash & Bank ₹ 32,115.76 ₹ 30,460.40 ₹ 36,077.88 ₹ 34,613.91
Total Current Assets ₹ 73,967.30 ₹ 76,687.04 ₹ 85,238.74 ₹ 96,644.84

Total Assets ₹ 237,314.79 ₹ 263,184.12 ₹ 272,580.36 ₹ 327,191.81

Check 1 TRUE TRUE TRUE

# Cash Flow Statement

Operating Activities
Profit from operations ₹ 43,397.00 ₹ 38,626.00 ₹ 28,840.00 ₹ 33,312.00
Receivables (₹ 3,179.00) (₹ 2,223.00) (₹ 4,152.00) (₹ 10,688.00)
Inventory (₹ 3,692.00) (₹ 5,743.00) (₹ 6,621.00) (₹ 3,560.00)
Payables ₹ 3,598.00 ₹ 3,947.00 ₹ 9,301.00 ₹ 7,320.00
Loans Advances ₹ 0.00 (₹ 520.00) ₹ 0.00 ₹ 0.00
Other WC items (₹ 398.00) ₹ 5,852.00 ₹ 4,727.00 ₹ 494.00
Working capital changes (₹ 3,672.00) ₹ 1,313.00 ₹ 3,254.00 (₹ 6,434.00)
Direct taxes (₹ 4,194.00) (₹ 2,040.00) (₹ 1,895.00) (₹ 3,021.00)
Cash From Operating Activities ₹ 31,860.00 ₹ 39,212.00 ₹ 33,454.00 ₹ 17,423.00

Investing Activities
Fixed assets purchased (₹ 31,962.00) (₹ 31,503.00) (₹ 16,072.00) (₹ 35,079.00)
Fixed assets sold ₹ 74.00 ₹ 59.00 ₹ 53.00 ₹ 30.00
Investments purchased (₹ 5,461.00) (₹ 4,728.00) (₹ 6.00) (₹ 329.00)
Investments sold ₹ 42.00 ₹ 89.00 ₹ 1,965.00 ₹ 2,381.00
Interest received ₹ 698.00 ₹ 731.00 ₹ 638.00 ₹ 690.00
Dividends received ₹ 80.00 ₹ 58.00 ₹ 620.00 ₹ 1,797.00
Investment in group cos (₹ 160.00) ₹ 0.00 (₹ 107.00) (₹ 4.00)
Redemp n Canc of Shares ₹ 0.00 ₹ 0.00 ₹ 0.00 ₹ 14.00
Acquisition of companies ₹ 0.00 (₹ 111.00) ₹ 0.00 ₹ 0.00
Inter corporate deposits ₹ 0.00 ₹ 0.00 ₹ 0.00 ₹ 0.00
Other investing items ₹ 456.00 (₹ 1,289.00) (₹ 26,663.00) ₹ 5,360.00
Cash From Investing Activities (₹ 36,233.00) (₹ 36,694.00) (₹ 39,572.00) (₹ 25,140.00)

Financing Activities
Proceeds from shares ₹ 0.00 ₹ 7,433.00 ₹ 5.00 ₹ 0.00
Redemption of debentures (₹ 744.00) ₹ 0.00 ₹ 0.00 ₹ 0.00
Proceeds from borrowings ₹ 36,363.00 ₹ 19,519.00 ₹ 33,390.00 ₹ 37,482.00
Repayment of borrowings (₹ 23,332.00) (₹ 24,924.00) (₹ 21,732.00) (₹ 29,964.00)
Interest paid fin (₹ 6,307.00) (₹ 5,716.00) (₹ 5,336.00) (₹ 5,411.00)
Dividends paid (₹ 720.00) (₹ 108.00) (₹ 121.00) (₹ 96.00)
Financial liabilities ₹ 0.00 ₹ 0.00 ₹ 0.00 ₹ 0.00
Other financing items (₹ 57.00) ₹ 0.00 ₹ 0.00 ₹ 0.00
Cash From Financing Activities ₹ 5,203.00 (₹ 3,796.00) ₹ 6,206.00 ₹ 2,011.00

Net Cash Flow ₹ 830.00 (₹ 1,278.00) ₹ 88.00 (₹ 5,706.00)

al Financial Statememt - TATA MOTORS LTD
Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 LTM

₹ 301,938.40 ₹ 261,067.97 ₹ 249,794.75 ₹ 278,453.62 ₹ 345,966.97 ₹ 437,927.77 ₹ 443,739.38

3.56% -13.54% -4.32% 11.47% 24.25% 26.58% 1.33%

₹ 242,845.53 ₹ 210,376.07 ₹ 195,326.04 ₹ 223,300.01 ₹ 274,403.64 ₹ 334,551.79 ₹ 381,634.07

80.43% 80.58% 78.19% 80.19% 79.31% 76.39% 86.00%

₹ 59,092.87 ₹ 50,691.90 ₹ 54,468.71 ₹ 55,153.61 ₹ 71,563.33 ₹ 103,375.98 ₹ 62,105.31

19.57% 19.42% 21.81% 19.81% 20.69% 23.61% 14.00%

₹ 34,428.54 ₹ 32,704.83 ₹ 22,181.28 ₹ 30,433.52 ₹ 39,747.53 ₹ 43,837.64 ₹ 0.00

11.40% 12.53% 8.88% 10.93% 11.49% 10.01% 0.00%

₹ 24,664.33 ₹ 17,987.07 ₹ 32,287.43 ₹ 24,720.09 ₹ 31,815.80 ₹ 59,538.34 ₹ 62,105.31

8.17% 6.89% 12.93% 8.88% 9.20% 13.60% 14.00%

₹ 1,073.70 (₹ 3,438.36) ₹ 8,740.72 (₹ 115.60) ₹ 6,955.44 ₹ 32,268.21 ₹ 34,893.89

0.36% -1.32% 3.50% -0.04% 2.01% 7.37% 7.86%

₹ 5,758.60 ₹ 7,243.33 ₹ 8,097.17 ₹ 9,311.86 ₹ 10,225.48 ₹ 9,985.76 ₹ 9,458.60

1.91% 2.77% 3.24% 3.34% 2.96% 2.28% 2.13%

₹ 23,590.63 ₹ 21,425.43 ₹ 23,546.71 ₹ 24,835.69 ₹ 24,860.36 ₹ 27,270.13 ₹ 27,211.42

7.81% 8.21% 9.43% 8.92% 7.19% 6.23% 6.13%

(₹ 4,684.90) (₹ 10,681.69) ₹ 643.55 (₹ 9,427.46) (₹ 3,270.04) ₹ 22,282.45 ₹ 25,435.29

-1.55% -4.09% 0.26% -3.39% -0.95% 5.09% 5.73%

(₹ 2,437.45) ₹ 395.25 ₹ 2,541.86 ₹ 4,231.29 ₹ 704.06 (₹ 3,851.64) (₹ 2,237.37)

52.03% -3.70% 394.97% -44.88% -21.53% -17.29% -8.80%

(₹ 2,247.45) (₹ 11,076.94) (₹ 1,898.31) (₹ 13,658.75) (₹ 3,974.10) ₹ 26,134.09 ₹ 27,672.66

-0.74% -4.24% -0.76% -4.91% -1.15% 5.97% 6.24%

288.73 308.9 332.03 332.07 332.13 332.37 0

(₹ 7.78) (₹ 35.86) (₹ 5.72) (₹ 41.13) (₹ 11.97) ₹ 78.63

-355.28% 360.68% -84.06% 619.43% -70.91% -757.14%

0.0 0.0 0.0 0.0 2.3 14.1

0.00% 0.00% 0.00% 0.00% -19.28% 17.89% 0.00%

0.00% 0.00% 0.00% 0.00% 0.00% 82.11%

 ₹ 679.22 ₹ 719.54 ₹ 765.81 ₹ 765.88 ₹ 766.02 ₹ 766.50
₹ 59,500.34 ₹ 61,491.49 ₹ 54,480.91 ₹ 43,795.36 ₹ 44,555.77 ₹ 84,151.52
₹ 106,175.34 ₹ 124,787.64 ₹ 142,130.57 ₹ 146,449.03 ₹ 134,113.44 ₹ 107,262.50
₹ 139,348.59 ₹ 133,180.72 ₹ 144,192.62 ₹ 138,051.22 ₹ 155,239.20 ₹ 177,340.09
₹ 305,703.49 ₹ 320,179.39 ₹ 341,569.91 ₹ 329,061.49 ₹ 334,674.43 ₹ 369,520.61

₹ 111,234.47 ₹ 127,107.14 ₹ 138,707.61 ₹ 138,855.45 ₹ 132,079.76 ₹ 121,285.46

₹ 31,883.84 ₹ 35,622.29 ₹ 20,963.93 ₹ 10,251.09 ₹ 14,274.50 ₹ 35,698.43
₹ 15,770.72 ₹ 16,308.48 ₹ 24,620.28 ₹ 29,379.53 ₹ 26,379.16 ₹ 22,971.07
₹ 56,155.74 ₹ 58,784.94 ₹ 61,717.96 ₹ 62,223.77 ₹ 68,432.09 ₹ 79,018.86
₹ 215,044.77 ₹ 237,822.85 ₹ 246,009.78 ₹ 240,709.84 ₹ 241,165.51 ₹ 258,973.82

₹ 18,996.17 ₹ 11,172.69 ₹ 12,679.08 ₹ 12,442.12 ₹ 15,737.97 ₹ 16,951.81

₹ 39,013.73 ₹ 37,456.88 ₹ 36,088.59 ₹ 35,240.34 ₹ 40,755.39 ₹ 47,788.29
₹ 32,648.82 ₹ 33,726.97 ₹ 46,792.46 ₹ 40,669.19 ₹ 37,015.56 ₹ 45,806.69
₹ 90,658.72 ₹ 82,356.54 ₹ 95,560.13 ₹ 88,351.65 ₹ 93,508.92 ₹ 110,546.79

₹ 305,703.49 ₹ 320,179.39 ₹ 341,569.91 ₹ 329,061.49 ₹ 334,674.43 ₹ 369,520.61

TRUE TRUE TRUE TRUE TRUE TRUE

₹ 28,771.00 ₹ 23,352.00 ₹ 31,198.00 ₹ 26,943.00 ₹ 41,694.00 ₹ 65,106.00

(₹ 9,109.00) ₹ 9,950.00 (₹ 5,505.00) ₹ 185.00 (₹ 2,213.00) (₹ 1,875.00)
₹ 2,069.00 ₹ 2,326.00 ₹ 3,814.00 ₹ 472.00 (₹ 5,665.00) (₹ 7,265.00)
(₹ 4,692.00) (₹ 8,085.00) ₹ 5,748.00 (₹ 7,012.00) ₹ 6,945.00 ₹ 13,706.00
₹ 0.00 ₹ 0.00 ₹ 0.00 ₹ 0.00 ₹ 0.00 ₹ 0.00
₹ 4,512.00 ₹ 875.00 (₹ 4,150.00) (₹ 4,396.00) (₹ 2,194.00) ₹ 2,760.00
(₹ 7,221.00) ₹ 5,065.00 (₹ 93.00) (₹ 10,750.00) (₹ 3,127.00) ₹ 7,325.00
(₹ 2,659.00) (₹ 1,785.00) (₹ 2,105.00) (₹ 1,910.00) (₹ 3,179.00) (₹ 4,516.00)
₹ 11,671.00 ₹ 31,698.00 ₹ 28,907.00 ₹ 3,532.00 ₹ 32,261.00 ₹ 75,241.00

(₹ 35,304.00) (₹ 29,702.00) (₹ 20,205.00) (₹ 15,168.00) (₹ 19,230.00) (₹ 31,414.00)

₹ 67.00 ₹ 171.00 ₹ 351.00 ₹ 230.00 ₹ 285.00 ₹ 231.00
(₹ 130.00) (₹ 1,439.00) (₹ 7,530.00) (₹ 3,008.00) (₹ 50.00) (₹ 74.00)
₹ 5,644.00 ₹ 21.00 ₹ 226.00 ₹ 104.00 ₹ 6,895.00 ₹ 10,820.00
₹ 761.00 ₹ 1,104.00 ₹ 428.00 ₹ 653.00 ₹ 973.00 ₹ 2,493.00
₹ 232.00 ₹ 21.00 ₹ 18.00 ₹ 32.00 ₹ 46.00 ₹ 47.00
(₹ 9.00) (₹ 606.00) (₹ 10.00) ₹ 0.00 ₹ 0.00 (₹ 150.00)
₹ 533.00 ₹ 0.00 ₹ 0.00 ₹ 0.00 ₹ 19.00 ₹ 108.00
(₹ 8.00) (₹ 27.00) ₹ 0.00 (₹ 98.00) ₹ 0.00 ₹ 0.00
₹ 0.00 ₹ 0.00 ₹ 0.00 ₹ 0.00 ₹ 0.00 (₹ 24.00)
₹ 7,335.00 (₹ 2,659.00) ₹ 1,051.00 ₹ 12,813.00 (₹ 4,357.00) (₹ 4,817.00)
(₹ 20,879.00) (₹ 33,116.00) (₹ 25,671.00) (₹ 4,442.00) (₹ 15,419.00) (₹ 22,780.00)
 ₹ 0.00 ₹ 3,889.00 ₹ 2,603.00 ₹ 19.00 ₹ 20.00 ₹ 82.00
₹ 0.00 ₹ 0.00 ₹ 0.00 ₹ 0.00 ₹ 0.00 ₹ 0.00
₹ 51,128.00 ₹ 38,297.00 ₹ 46,641.00 ₹ 46,578.00 ₹ 43,934.00 ₹ 18,747.00
(₹ 35,198.00) (₹ 29,847.00) (₹ 29,709.00) (₹ 42,816.00) (₹ 62,557.00) (₹ 47,332.00)
(₹ 7,005.00) (₹ 7,518.00) (₹ 8,123.00) (₹ 9,251.00) (₹ 9,336.00) (₹ 9,332.00)
(₹ 95.00) (₹ 57.00) (₹ 30.00) (₹ 100.00) (₹ 141.00) (₹ 1,059.00)
₹ 0.00 (₹ 1,346.00) (₹ 1,477.00) (₹ 1,559.00) (₹ 1,517.00) (₹ 1,924.00)
₹ 0.00 (₹ 29.00) ₹ 0.00 ₹ 3,750.00 ₹ 3,355.00 ₹ 3,812.00
₹ 8,830.00 ₹ 3,389.00 ₹ 9,905.00 (₹ 3,379.00) (₹ 26,242.00) (₹ 37,006.00)

(₹ 378.00) ₹ 1,971.00 ₹ 13,141.00 (₹ 4,289.00) (₹ 9,400.00) ₹ 15,455.00

 Ratio Analysis - TATA MOTORS LTD
Years Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20

Sales Growth 3.76% -1.23% 8.10% 3.56% -13.54%

EBITDA Growth -2.15% -22.94% 6.32% -21.60% -27.07%
EBIT Growth -16.11% -46.12% -15.23% -89.16% -420.23%
Net Profit Growth 3.18% -69.54% -79.01% -355.28% 392.87%
Dividend Growth 0.00% -100.00% 0.00% 0.00% 0.00%

Gross Margin 22.91% 24.73% 23.82% 21.65% 19.57% 19.42%

EBITDA Margin 14.91% 14.06% 10.97% 10.79% 8.17% 6.89%
EBIT Margin 9.82% 7.94% 4.33% 3.40% 0.36% -1.32%
EBT Margin 7.98% 6.15% 2.76% 1.79% -1.55% -4.09%
Net Profit Margin 5.07% 5.04% 1.56% 0.30% -0.74% -4.24%

Sales Expenses% Sales 8.00% 10.67% 12.85% 10.86% 11.40% 12.53%

Depriciation% Sales 5.09% 6.12% 6.64% 7.39% 7.81% 8.21%
Operating Income% Sales 9.82% 7.94% 4.33% 3.40% 0.36% -1.32%

Return on Capital Employed 19.90% 14.62% 8.55% 5.37% 0.65% -1.84%

Retained Earnings% 100.00% 99.51% 100.00% 100.00% 0.00% 0.00%
Return on Equity% 23.72% 17.44% 7.22% 0.92% -3.73% -17.81%
Self Sustained Growth Rate 23.72% 17.36% 7.22% 0.92% 0.00% 0.00%
Interest Coverage Ratio 5.32x 4.44x 2.76x 2.12x 0.19x -0.47x

Debter Turnover Ratio 20.92x 20.12x 19.16x 14.66x 15.89x 23.37x

Creditor Turnover Ratio 2.45x 2.38x 1.98x 2.04x 2.17x 1.96x
Inventory Turnover 8.99x 8.36x 7.69x 6.92x 7.74x 6.97x
Fixed Asset Turonver 3.56x 3.56x 3.16x 3.02x 3.33x 3.17x
Capital Turnover Ratio 4.68x 3.46x 4.64x 3.06x 5.02x 4.20x

(in days)
Debtor Days 17 18 19 25 23 16
Payable Days 145 150 179 174 164 182
Inventory Days 41 44 47 53 47 52
Cash Conversion Cycle -87 -88 -113 -97 -94 -114

CFO/Sales 12.11% 14.36% 12.40% 5.98% 3.87% 12.14%

CFO/Total Assets 13.43% 14.90% 12.27% 5.33% 3.82% 9.90%
CFO/Total Debt 43.28% 56.53% 42.56% 19.59% 10.99% 25.40%
MOTORS LTD
Mar-21 Mar-22 Mar-23 Mar-24 Trend Mean Median

-4.32% 11.47% 24.25% 26.58% 6.52% 3.76%

79.50% -23.44% 28.70% 87.13% 11.61% -2.15%
-354.21% -101.32% -6116.82% 363.93% -755.03% -89.16%
-82.86% 619.52% -70.90% -757.61% -44.40% -70.90%
0.00% 0.00% 0.00% 509.94% 45.55% 0.00%

21.81% 19.81% 20.69% 23.61% 21.80% 21.73%

12.93% 8.88% 9.20% 13.60% 11.04% 10.88%
3.50% -0.04% 2.01% 7.37% 3.74% 3.45%
0.26% -3.39% -0.95% 5.09% 1.41% 1.02%
-0.76% -4.91% -1.15% 5.97% 0.61% -0.22%

8.88% 10.93% 11.49% 10.01% 10.76% 10.89%

9.43% 8.92% 7.19% 6.23% 7.30% 7.29%
3.50% -0.04% 2.01% 7.37% 3.74% 3.45%

4.43% -0.06% 3.88% 16.79% 7.23% 4.90%

0.00% 0.00% 0.00% 82.11% 48.16% 41.05%
-3.44% -30.65% -8.77% 30.78% 1.57% -1.26%
0.00% 0.00% 0.00% 25.27% 7.45% 0.46%
1.08x -0.01x 0.68x 3.23x 1.93x 1.60x

19.70x 22.38x 21.98x 25.83x 20.40x 20.52x

1.73x 2.02x 2.23x 2.47x 2.14x 2.10x
6.92x 7.90x 8.49x 9.16x 7.91x 7.82x
2.61x 3.15x 3.70x 3.96x 3.32x 3.25x
4.52x 6.25x 7.63x 5.16x 4.86x 4.66x

19 16 17 14 18 18
205 176 160 144 168 169
53 46 43 40 47 47
-134 -114 -100 -90 -103 -98

11.57% 1.27% 9.32% 17.18% 10.02% 11.84%

8.46% 1.07% 9.64% 20.36% 9.92% 9.77%
20.34% 2.41% 24.06% 70.15% 31.53% 24.73%
COMPANY NAME TATA MOTORS LTD
LATEST VERSION 2.10 PLEAS
CURRENT VERSION 2.10

META
Number of shares 367.74
Face Value 2.00
Current Price 1,077.25
Market Capitalization 396,149.18

PROFIT & LOSS

Report Date Mar-15 Mar-16 Mar-17 Mar-18
Sales 263,158.98 273,045.60 269,692.51 291,550.48
Raw Material Cost 163,250.36 166,134.01 173,294.08 187,896.58
Change in Inventory 3,330.35 2,750.99 7,399.92 2,046.58
Power and Fuel 1,121.75 1,143.63 1,159.82 1,308.08
Other Mfr. Exp 16,173.17 12,101.53 10,067.37 10,971.66
Employee Cost 25,641.95 28,880.89 28,332.89 30,300.09
Selling and admin 23,603.01 21,991.90 30,039.38 31,004.58
Other Expenses -2,539.56 7,149.38 4,610.20 658.39
Other Income 714.03 -2,669.62 1,869.10 5,932.73
Depreciation 13,388.63 16,710.78 17,904.99 21,553.59
Interest 4,861.49 4,889.08 4,238.01 4,681.79
Profit before tax 21,702.56 14,125.77 9,314.79 11,155.03
Tax 7,642.91 3,025.05 3,251.23 4,341.93
Net profit 13,986.29 11,579.31 7,454.36 8,988.91
Dividend Amount 67.92

Quarters
Report Date Mar-22 Jun-22 Sep-22 Dec-22
Sales 78,439.06 71,934.66 79,611.37 88,488.59
Expenses 70,156.27 69,521.93 74,039.06 77,668.35
Other Income 188.74 2,380.98 1,351.14 1,129.98
Depreciation 6,432.11 5,841.04 5,897.34 6,071.78
Interest 2,380.52 2,420.72 2,487.26 2,675.83
Profit before tax -341.10 -3,468.05 -1,461.15 3,202.61
Tax 758.22 1,518.96 -457.08 262.83
Net profit -1,032.84 -5,006.60 -944.61 2,957.71
Operating Profit 8,282.79 2,412.73 5,572.31 10,820.24

BALANCE SHEET
Report Date Mar-15 Mar-16 Mar-17 Mar-18
Equity Share Capital 643.78 679.18 679.22 679.22
Reserves 55,618.14 78,273.23 57,382.67 94,748.69
Borrowings 73,610.39 69,359.96 78,603.98 88,950.47
Other Liabilities 107,442.48 114,871.75 135,914.49 142,813.43
Total 237,314.79 263,184.12 272,580.36 327,191.81
Net Block 88,479.49 107,231.76 95,944.08 121,413.86
Capital Work in Progress 28,640.09 25,918.94 33,698.84 40,033.50
Investments 15,336.74 23,767.02 20,337.92 20,812.75
Other Assets 104,858.47 106,266.40 122,599.52 144,931.70
Total 237,314.79 263,184.12 272,580.36 327,191.81
Receivables 12,579.20 13,570.91 14,075.55 19,893.30
Inventory 29,272.34 32,655.73 35,085.31 42,137.63
Cash & Bank 32,115.76 30,460.40 36,077.88 34,613.91
No. of Equity Shares ### ### ### ###
New Bonus Shares
Face value 2.00 2.00 2.00 2.00

CASH FLOW:
Report Date Mar-15 Mar-16 Mar-17 Mar-18
Cash from Operating Activity 35,531.26 37,899.54 30,199.25 23,857.42
Cash from Investing Activity -36,232.35 -36,693.90 -39,571.40 -25,139.14
Cash from Financing Activity 5,201.44 -3,795.12 6,205.30 2,011.71
Net Cash Flow 4,500.35 -2,589.48 -3,166.85 729.99

PRICE: 544.37 386.60 465.85 326.85

DERIVED:
Adjusted Equity Shares in Cr 288.74 288.72 288.73 288.73
 PLEASE DO NOT MAKE ANY CHANGES TO THIS SHEET

Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24

301,938.40 261,067.97 249,794.75 278,453.62 345,966.97 437,927.77
194,267.91 164,899.82 153,607.36 179,295.33 231,251.26 274,321.23
-2,053.28 -2,231.19 -4,684.16 -1,590.49 4,781.62 1,565.53
1,585.93 1,264.95 1,112.87 2,178.29 2,513.33 2,195.12
11,694.54 11,541.51 8,273.17 9,427.38 11,765.97 17,114.33
33,243.87 30,438.60 27,648.48 30,808.52 33,654.70 42,486.64
32,719.80 29,248.32 23,015.79 29,205.40 34,839.19 42,765.33
1,708.74 3,456.51 -834.51 1,228.12 4,908.34 1,072.31
-26,686.25 101.71 -11,117.83 2,424.05 6,663.97 5,672.66
23,590.63 21,425.43 23,546.71 24,835.69 24,860.36 27,270.13
5,758.60 7,243.33 8,097.17 9,311.86 10,225.48 9,985.76
-31,371.15 -10,579.98 -10,474.28 -7,003.41 3,393.93 27,955.11
-2,437.45 395.25 2,541.86 4,231.29 704.06 -3,851.64
-28,826.23 -12,070.85 -13,451.39 -11,441.47 2,414.29 31,399.09
766.02 4,675.65

Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24

105,932.35 102,236.00 105,128.24 110,577.14 119,986.00 108,048.00
92,817.95 89,019.00 91,361.30 95,158.77 102,851.00 92,263.00
1,452.86 895.00 1,507.05 1,603.76 1,619.00 1,747.00
7,050.20 6,633.00 6,636.42 6,850.00 7,151.00 6,574.00
2,641.67 2,615.00 2,651.69 2,484.91 2,234.00 2,088.00
4,875.39 4,864.00 5,985.88 7,687.22 9,369.00 8,870.00
-620.65 1,563.00 2,202.84 541.79 -8,160.00 3,178.00
 5,407.79 3,203.00 3,764.00 7,025.11 17,407.00 5,566.00
13,114.40 13,217.00 13,766.94 15,418.37 17,135.00 15,785.00

Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24

679.22 719.54 765.81 765.88 766.02 766.50
59,500.34 61,491.49 54,480.91 43,795.36 44,555.77 84,151.52
106,175.34 124,787.64 142,130.57 146,449.03 134,113.44 107,262.50
139,348.59 133,180.72 144,192.62 138,051.22 155,239.20 177,340.09
305,703.49 320,179.39 341,569.91 329,061.49 334,674.43 369,520.61
111,234.47 127,107.14 138,707.61 138,855.45 132,079.76 121,285.46
31,883.84 35,622.29 20,963.93 10,251.09 14,274.50 35,698.43
15,770.72 16,308.48 24,620.28 29,379.53 26,379.16 22,971.07
146,814.46 141,141.48 157,278.09 150,575.42 161,941.01 189,565.65
305,703.49 320,179.39 341,569.91 329,061.49 334,674.43 369,520.61
18,996.17 11,172.69 12,679.08 12,442.12 15,737.97 16,951.81
39,013.73 37,456.88 36,088.59 35,240.34 40,755.39 47,788.29
32,648.82 33,726.97 46,792.46 40,669.19 37,015.56 45,806.69
### ### ### ### ### ###

2.00 2.00 2.00 2.00 2.00 2.00

Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24

18,890.75 26,632.94 29,000.51 14,282.83 35,388.01 67,915.36
-20,878.07 -33,114.55 -25,672.50 -4,443.66 -15,417.17 -22,781.56
8,830.37 3,389.61 9,904.20 -3,380.17 -26,242.90 -37,005.99
6,843.05 -3,092.00 13,232.21 6,459.00 -6,272.06 8,127.81

174.25 71.05 301.80 433.75 420.80 992.80

288.73 308.90 332.03 332.07 332.13 332.37

 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17
Cash from Operating Activity - 22,163 36,151 35,531 37,900 30,199
Profit from operations 24,406 36,303 43,397 38,626 28,840
Receivables -5,177 445 -3,179 -2,223 -4,152
Inventory -2,656 -2,853 -3,692 -5,743 -6,621
Payables 8,132 4,694 3,598 3,947 9,301
Loans Advances 0 0 0 -520 0
Other WC items -303 1,870 -398 5,852 4,727
Working capital changes -3 4,157 -3,672 1,313 3,254
Direct taxes -2,240 -4,308 -4,194 -2,040 -1,895
Cash from Investing Activity - -22,969 -27,991 -36,232 -36,694 -39,571
Fixed assets purchased -18,863 -26,975 -31,962 -31,503 -16,072
Fixed assets sold 37 50 74 59 53
Investments purchased 73 -429 -5,461 -4,728 -6
Investments sold 34 4 42 89 1,965
Interest received 713 653 698 731 638
Dividends received 95 40 80 58 620
Investment in group cos 0 0 -160 0 -107
Redemp n Canc of Shares 0 0 0 0 0
Acquisition of companies 0 -185 0 -111 0
Inter corporate deposits 45 0 0 0 0
Other investing items -5,103 -1,149 456 -1,289 -26,663
Cash from Financing Activity - -1,692 -3,883 5,201 -3,795 6,205
Proceeds from shares 1 0 0 7,433 5
Redemption of debentures -97 -658 -744 0 0
Proceeds from borrowings 27,863 33,258 36,363 19,519 33,390
Repayment of borrowings -20,395 -29,141 -23,332 -24,924 -21,732
Interest paid fin -4,666 -6,171 -6,307 -5,716 -5,336
Dividends paid -1,551 -722 -720 -108 -121
Financial liabilities 0 0 0 0 0
Other financing items -2,849 -450 -57 0 0
Net Cash Flow -2,499 4,277 4,500 -2,589 -3,167
Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24
23,857 18,891 26,633 29,001 14,283 35,388 67,915
33,312 28,771 23,352 31,198 26,943 41,694 65,106
-10,688 -9,109 9,950 -5,505 185 -2,213 -1,875
-3,560 2,069 2,326 3,814 472 -5,665 -7,265
7,320 -4,692 -8,085 5,748 -7,012 6,945 13,706
0 0 0 0 0 0 0
494 4,512 875 -4,150 -4,396 -2,194 2,760
-6,434 -7,221 5,065 -93 -10,750 -3,127 7,325
-3,021 -2,659 -1,785 -2,105 -1,910 -3,179 -4,516
-25,139 -20,878 -33,115 -25,672 -4,444 -15,417 -22,782
-35,079 -35,304 -29,702 -20,205 -15,168 -19,230 -31,414
30 67 171 351 230 285 231
-329 -130 -1,439 -7,530 -3,008 -50 -74
2,381 5,644 21 226 104 6,895 10,820
690 761 1,104 428 653 973 2,493
1,797 232 21 18 32 46 47
-4 -9 -606 -10 0 0 -150
14 533 0 0 0 19 108
0 -8 -27 0 -98 0 0
0 0 0 0 0 0 -24
5,360 7,335 -2,659 1,051 12,813 -4,357 -4,817
2,012 8,830 3,390 9,904 -3,380 -26,243 -37,006
0 0 3,889 2,603 19 20 82
0 0 0 0 0 0 0
37,482 51,128 38,297 46,641 46,578 43,934 18,747
-29,964 -35,198 -29,847 -29,709 -42,816 -62,557 -47,332
-5,411 -7,005 -7,518 -8,123 -9,251 -9,336 -9,332
-96 -95 -57 -30 -100 -141 -1,059
0 0 -1,346 -1,477 -1,559 -1,517 -1,924
0 0 -29 0 3,750 3,355 3,812
730 6,843 -3,092 13,232 6,459 -6,272 8,128
 Ratio Analysis - TATA MOTORS LTD
Years Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22
Mar-23 Mar-24