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.
ADVERTISEMENT 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.
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Disclaimer: Views and recommendations given in this section are the analysts' own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.
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