I-Sec maintains Add on Tata Motors, target price Rs 775
ICICI Securities
maintains
add call
on
Tata Motors
with an unchanged target price of Rs 775. The current market price of
Tata Motors
is Rs 729.2. Tata Motors, incorporated in 1945, is a Large Cap company with a market cap of Rs 261420.64 crore, operating in the Auto sector.
Tata Motors' key products/revenue segments include Motor Vehicles, Spare Parts & Others, Miscellaneous Goods, Sale of services and Other Operating Revenue for the year ending 31-Mar-2024.
Financials
For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 121012.00 crore, up 4.89% from last quarter Total Income of Rs 115365 crore and down -.36 % from last year same quarter Total Income of Rs 121446.15 crore. The company has reported net profit after tax of Rs 8442.00 crore in the latest quarter.
The company's top management includes Mr.N Chandrasekaran, Mrs.Usha Sangwan, Mr.Om Prakash Bhatt, Mr.Bharat Puri, Mr.N Chandrasekaran, Mr.Girish Wagh, Ms.Hanne Sorensen, Ms.Vedika Bhandarkar, Mr.Kosaraju V Chowdary, Mr.Al-Noor Ramji, Mrs.Usha Sangwan, Mr.Om Prakash Bhatt, Mr.Al-Noor Ramji, Mr.Kosaraju V Chowdary, Ms.Vedika Bhandarkar, Mr.Girish Wagh, Ms.Hanne Sorensen, Ms.Vedika Bhandarkar, Mr.Kosaraju V Chowdary, Mr.Al-Noor Ramji, Mrs.Usha Sangwan, Mr.Om Prakash Bhatt, Mr.Bharat Puri, Mr.N Chandrasekaran, Mr.Girish Wagh, Ms.Hanne Sorensen, Mr.Bharat Puri. Company has BSR & Co. LLP as its auditors. As on 31-03-2025, the company has a total of 368 crore shares outstanding.
Investment Rationale
Tata Motors' domestic volume performance (both PVs and CVs) has been underwhelming (below industry growth) in the recent past. It has taken corrective actions to improve key business metrics (market share and margins) and ICICI Securities expects both these businesses to gradually regain momentum going forward. Tata Motoes, at its Investor Day, reiterated its aspiration of high-teen market share in domestic PVs and its focus on regaining share in SCVs (could be key in achieving its target 40% CV market share). Its aspiration of teen/double-digit EBITDAM for CV/PV biz hinges on its volume growth performance, in the brokerage view. US tariff related uncertainty remains a key monitorable for JLR. ICICI Securities maintains ADD with SoTP-based target price of Rs 775 (unchanged), implying 11x/2x FY27E India/JLR EV/EBITDA.
Promoter/FII Holdings
Promoters held 42.58 per cent stake in the company as of 31-Mar-2025, while FIIs owned 17.84 per cent, DIIs 16.84 per cent.
ETMarkets WhatsApp channel
)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
28 minutes ago
- Economic Times
Big Tech's acqui-hire strategy heats up as demand for AI talent soars
Live Events Meta's $15 billion investment in Scale AI for a 49% stake is the latest in a series of transactions that large technology companies have made to acquire talent as they seek to get ahead in the AI acquihiring is not just a trend, but a strategic necessity for these companies and is likely to see more traction, as the demand for AI talents will continue to increase, say the last two years, large technology players have been acquiring AI startups for their technology teams. Microsoft paid $650 million in a licensing deal to Inflection AI, whose cofounder Mustafa Suleyman is now heading Microsoft AI. In a similar licensing deal, Amazon hired AI startup Adept cofounder David Luan and others who joined Amazon's AGI the home front in India, well-funded AI startups Krutrim and Sarvam acquired semiconductor startup Bodhi Computing and legal platform Samta Law, respectively, to enter new are a couple of reasons for this. 'We're at an inflection point where foundational AI talent is in such short supply and high demand that companies are willing to buy entire teams to accelerate their AI roadmap,' said Sachin Arora, partner and leader – data & analytics, agents and cloud at PwC Meta for instance. Following the $15 billion investment, Scale AI founder Alexandr Wang will report to Meta CEO Mark Zuckerberg and will lead the social media giant's new AI lab focused on pointed out that unlike in the software-as-a-service sector, where acquihires were often about engineering execution, in AI, it's about vision, research and IP. "You're acquiring not just builders but boundary-pushers, people who define what's next,' he a few years ago, when acquisitions were a norm, regulatory scrutiny has increased in recent times. EY India technology consulting partner Hari Balaji said established tech giants are seeing escalating regulatory scrutiny prompting them to grow through reverse acquihires without triggering anti-trust addition to this, acquihires are also an avenue for companies to enter highly competitive sectors and acquire new customers.A lot of this is stemming from a small pool of talent that is currently available in AI.A Bengaluru-based investor earlier told ET on the condition of anonymity that beyond accelerating the AI journey, increasing the market share and acquiring new capabilities are the other reasons for M&As and acquihires. 'In our portfolio, some of the startups are evaluating companies that bring key AI capabilities for one of the three reasons mentioned,' he had these are early days in India. 'What we are seeing are small deals or acquihires and not large deals that would attract large enterprises yet, which are a huge value add,' Kae Capital general partner Gaurav Chaturvedi earlier told ET. 'Those are beginning to happen in the US. These will take time to pan out in India.'
Time of India
an hour ago
- Time of India
Fidelity Adjusts Lens, Kart Valuation Surges to $6.1B
Live Events A fund managed by US-based Fidelity has marked up the valuation of omnichannel eyewear retailer Lenskart by over a fifth to $6.1 billion at April-end, according to a monthly portfolio holdings update by the financial services marks a 21% increase of the company's fair value in Fidelity's books compared to the $5 billion valuation at which it acquired the shares in June 2024 during a secondary transaction that also saw Singapore's Temasek join Lenskart's roster of blue-chip funds such as Fidelity, which invest both in publicly traded and privately held companies, periodically review the valuation of their portfolio value is ascertained on the basis of a number of factors, including financials shared with investors, market conditions and the performance of comparable inception in 2010, Lenskart has closed nearly $2 billion in funding, including secondary deals. It is due to set up its largest eyewear manufacturing facility in Telangana with an investment of about ₹1,500 eyewear retailer is considering a $1 billion public offering at a potential $10 billion valuation, double that of its last funding round, ET reported this month, Lenskart converted into a public company by changing its registered name from Lenskart Solutions Pvt Ltd to Lenskart Solutions Ltd through a special resolution passed by shareholders. It had closed a $200 million secondary round last June at a $5 billion round saw investments from Singapore's sovereign fund Temasek and Fidelity. Separately, in July 2024, Lenskart founders Peyush Bansal, Neha Bansal, Amit Choudhary, and Sumeet Kapahi had invested almost $20 in March 2023, Lenskart had raised $600 million from Abu Dhabi Investment Authority and ChrysCapital. Of this, $450 million was a secondary share sale, which allowed existing investors such as SoftBank and Chiratae Ventures to partially sell their stake in the company. This round had valued Lenskart at $4.5 bagged the top honour at The Economic Times Startup Awards 2024. It was named the Startup of the Year by an elite jury for its success in building a fast-growing, large-scale omnichannel consumer retail venture while creating an entirely new category.
Indian Express
an hour ago
- Indian Express
Flyover connecting North Delhi and Ghaziabad: PWD to carry out feasibility study
To provide smooth connectivity between North Delhi and Ghaziabad, the Public Works Department (PWD) has proposed an integrated transit corridor development project. The department has invited bids to carry out a feasibility study for constructing a 6-km-long elevated corridor under this project, starting from Nanaksar Gurudwara T-Point in Northeast Delhi's Sonia Vihar Pusta Road to the Delhi-UP corridor near Tronica City. According to officials, the stretch currently falls under the jurisdiction of the Irrigation and Flood Control Department (I&FC), but as the PWD is the expert agency executing roads and flyovers, the department will hire an agency to carry out the feasibility study. Currently, the 6-km-long stretch is plagued by encroachment by the roadside and traffic snarls caused by vehicles, e-rickshaws, and pedestrian footfall. 'It was a long-pending request from residents… development of an elevated corridor will ease traffic movement for commuters and residents… The stretch passes through a densely populated area, which also has a market… Also, there are trees on both sides of Pushta Road… a Delhi Jal Board (DJB) underground water pipeline also falls on the route… all of this will be taken into consideration during the study,' said officials. The DJB's Sonia Vihar treatment plant is located near the alignment of the proposed flyover. In April, PWD Minister Parvesh Sahib Singh, along with Tourism Minister Kapil Mishra, inspected the stretch and announced the project. Officials said it is likely to cost approximately Rs 500 crore.
