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Economic Times
19 hours ago
- Automotive
- Economic Times
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, Sangwan, Prakash Bhatt, Puri, Mr.N Chandrasekaran, Wagh, Sorensen, Bhandarkar, V Chowdary, Ramji, Sangwan, Prakash Bhatt, Ramji, V Chowdary, Bhandarkar, Wagh, Sorensen, Bhandarkar, V Chowdary, Ramji, Sangwan, Prakash Bhatt, Puri, Mr.N Chandrasekaran, Wagh, Sorensen, 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. (You can now subscribe to our ETMarkets WhatsApp channel) Disclaimer: Views and recommendations given in this section are the analysts' own and do not represent those of Please consult your financial adviser before taking any position in the stock/s mentioned.
Time of India
21 hours ago
- Automotive
- Time of India
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, Sangwan, Prakash Bhatt, Puri, Mr.N Chandrasekaran, Wagh, Sorensen, Bhandarkar, V Chowdary, Ramji, Sangwan, Prakash Bhatt, Ramji, V Chowdary, Bhandarkar, Wagh, Sorensen, Bhandarkar, V Chowdary, Ramji, Sangwan, Prakash Bhatt, Puri, Mr.N Chandrasekaran, Wagh, Sorensen, 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 )
Economic Times
2 days ago
- Automotive
- Economic Times
JM Financial maintains Buy on Tata Motors; raises target price to Rs 815
Agencies Tata Motors 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 12,1012 crore, up 4.89 % from last quarter Total Income of Rs 115365.00 crore and down -.36 % from last year same quarter Total Income of Rs 121446.15 crore. Company has reported net profit after tax of Rs 8442.00 Crore in latest quarter. The company's top management includes Mr.N Chandrasekaran, Sangwan, Prakash Bhatt, Puri, Mr.N Chandrasekaran, Wagh, Sorensen, Bhandarkar, V Chowdary, Ramji, Sangwan, Prakash Bhatt, Ramji, V Chowdary, Bhandarkar, Wagh, Sorensen, Bhandarkar, V Chowdary, Ramji, Sangwan, Prakash Bhatt, Puri, Mr.N Chandrasekaran, Wagh, Sorensen, Puri. Company has BSR & Co. LLP as its auditors. As on 31-03-2025, the company has a total of 368 crore shares outstanding. Live Events Investment Rationale Tata Motors targets a 280bps market share gain in the PV segment by FY27, led by new launches. In respect of the CV business, the industry is expected to grow at a 3?5% CAGR over FY25-30E. Further, Tata Motors is focusing on opportunities in CV export markets by strengthening market leadership, expanding its product portfolio and enhancing its distribution network in key markets. The company is targeting EBITDA margins in the teens for its CV business and 10% for its PV-EV business by FY30E. JM Financial maintains BUY with a Mar'27 SOTP of Rs 815 (standalone / JLR valued at 10x / 2x EV/EBITDA). Rising global uncertainty remains a key risk. 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. (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel JM Financial has maintained a buy call on Tata Motors with a target price of Rs 815. The current market price of Tata Motors is Rs 733.75. The time period given by analyst is year when Tata Motors price can reach defined target. Tata Motors , incorporated in 1945, is a Large Cap company with a market cap of Rs 261420.64 crore, operating in the Auto Motors' key products/revenue segments include Motor Vehicles, Spare Parts & Others, Miscellaneous Goods, Sale of services and Other Operating Revenue for the year ending the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 12,1012 crore, up 4.89 % from last quarter Total Income of Rs 115365.00 crore and down -.36 % from last year same quarter Total Income of Rs 121446.15 crore. Company has reported net profit after tax of Rs 8442.00 Crore in latest company's top management includes Mr.N Chandrasekaran, Sangwan, Prakash Bhatt, Puri, Mr.N Chandrasekaran, Wagh, Sorensen, Bhandarkar, V Chowdary, Ramji, Sangwan, Prakash Bhatt, Ramji, V Chowdary, Bhandarkar, Wagh, Sorensen, Bhandarkar, V Chowdary, Ramji, Sangwan, Prakash Bhatt, Puri, Mr.N Chandrasekaran, Wagh, Sorensen, Puri. Company has BSR & Co. LLP as its auditors. As on 31-03-2025, the company has a total of 368 crore shares Motors targets a 280bps market share gain in the PV segment by FY27, led by new launches. In respect of the CV business, the industry is expected to grow at a 3?5% CAGR over FY25-30E. Further, Tata Motors is focusing on opportunities in CV export markets by strengthening market leadership, expanding its product portfolio and enhancing its distribution network in key markets. The company is targeting EBITDA margins in the teens for its CV business and 10% for its PV-EV business by FY30E. JM Financial maintains BUY with a Mar'27 SOTP of Rs 815 (standalone / JLR valued at 10x / 2x EV/EBITDA). Rising global uncertainty remains a key 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. (Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
Time of India
2 days ago
- Automotive
- Time of India
JM Financial maintains Buy on Tata Motors; raises target price to Rs 815
Agencies Tata Motors 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 12,1012 crore, up 4.89 % from last quarter Total Income of Rs 115365.00 crore and down -.36 % from last year same quarter Total Income of Rs 121446.15 crore. Company has reported net profit after tax of Rs 8442.00 Crore in latest quarter. The company's top management includes Mr.N Chandrasekaran, Sangwan, Prakash Bhatt, Puri, Mr.N Chandrasekaran, Wagh, Sorensen, Bhandarkar, V Chowdary, Ramji, Sangwan, Prakash Bhatt, Ramji, V Chowdary, Bhandarkar, Wagh, Sorensen, Bhandarkar, V Chowdary, Ramji, Sangwan, Prakash Bhatt, Puri, Mr.N Chandrasekaran, Wagh, Sorensen, Puri. Company has BSR & Co. LLP as its auditors. As on 31-03-2025, the company has a total of 368 crore shares outstanding. Live Events Investment Rationale Tata Motors targets a 280bps market share gain in the PV segment by FY27, led by new launches. In respect of the CV business, the industry is expected to grow at a 3?5% CAGR over FY25-30E. Further, Tata Motors is focusing on opportunities in CV export markets by strengthening market leadership, expanding its product portfolio and enhancing its distribution network in key markets. The company is targeting EBITDA margins in the teens for its CV business and 10% for its PV-EV business by FY30E. JM Financial maintains BUY with a Mar'27 SOTP of Rs 815 (standalone / JLR valued at 10x / 2x EV/EBITDA). Rising global uncertainty remains a key risk. 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. (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel JM Financial has maintained a buy call on Tata Motors with a target price of Rs 815. The current market price of Tata Motors is Rs 733.75. The time period given by analyst is year when Tata Motors price can reach defined target. Tata Motors , incorporated in 1945, is a Large Cap company with a market cap of Rs 261420.64 crore, operating in the Auto Motors' key products/revenue segments include Motor Vehicles, Spare Parts & Others, Miscellaneous Goods, Sale of services and Other Operating Revenue for the year ending the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 12,1012 crore, up 4.89 % from last quarter Total Income of Rs 115365.00 crore and down -.36 % from last year same quarter Total Income of Rs 121446.15 crore. Company has reported net profit after tax of Rs 8442.00 Crore in latest company's top management includes Mr.N Chandrasekaran, Sangwan, Prakash Bhatt, Puri, Mr.N Chandrasekaran, Wagh, Sorensen, Bhandarkar, V Chowdary, Ramji, Sangwan, Prakash Bhatt, Ramji, V Chowdary, Bhandarkar, Wagh, Sorensen, Bhandarkar, V Chowdary, Ramji, Sangwan, Prakash Bhatt, Puri, Mr.N Chandrasekaran, Wagh, Sorensen, Puri. Company has BSR & Co. LLP as its auditors. As on 31-03-2025, the company has a total of 368 crore shares Motors targets a 280bps market share gain in the PV segment by FY27, led by new launches. In respect of the CV business, the industry is expected to grow at a 3?5% CAGR over FY25-30E. Further, Tata Motors is focusing on opportunities in CV export markets by strengthening market leadership, expanding its product portfolio and enhancing its distribution network in key markets. The company is targeting EBITDA margins in the teens for its CV business and 10% for its PV-EV business by FY30E. JM Financial maintains BUY with a Mar'27 SOTP of Rs 815 (standalone / JLR valued at 10x / 2x EV/EBITDA). Rising global uncertainty remains a key 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. (Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
Time of India
3 days ago
- Automotive
- Time of India
Reduce Tata Motors, target price Rs 733: HDFC Securities
Agencies 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 115365.00 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 8,442 crore in the latest quarter. The company's top management includes Mr.N Chandrasekaran, Sangwan, Prakash Bhatt, Puri, Mr.N Chandrasekaran, Wagh, Sorensen, Bhandarkar, V Chowdary, Ramji, Sangwan, Prakash Bhatt, Ramji, V Chowdary, Bhandarkar, Wagh, Sorensen, Bhandarkar, V Chowdary, Ramji, Sangwan, Prakash Bhatt, Puri, Mr.N Chandrasekaran, Wagh, Sorensen, Puri. Company has BSR & Co. LLP as its auditors. As on 31-03-2025, the company has a total of 368 crore shares outstanding. Live Events Investment Rationale Tata Motors held its investor day on 9 June 2025 to share its future plans for the India CV and PV businesses. HDFC Securities expects the CV segment to witness growth in FY26, though margins may be impacted in the near term as a result of the safeguard duty on steel. The brokerage expects the PV segment volumes to grow 2.5% in FY26, broadly in line with the industry. The slower EV sales and an ageing portfolio will be partially offset by continuing higher growth in the CNG segment (25% of its PV sales) and new refreshes/launches planned in FY26. They remain cautious in the near term due to the tariff overhang, subdued global macro, an ageing PV portfolio, slowing EV growth amidst higher competition and moderate growth for CVs. HDFC Securities values the company on a SOTP basis and a target price of Rs 733; the brokerage maintains a REDUCE rating. 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. (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel HDFC Securities has a Reduce call on Tata Motors with a target price of Rs 733. The current market price of Tata Motors is Rs 724. Tata Motors, incorporated in 1945, is a Large Cap company with a market cap of Rs 261420.64 crore, operating in the Auto Motors' key products/revenue segments include Motor Vehicles, Spare Parts & Others, Miscellaneous Goods, Sale of services and Other Operating Revenue for the year ending 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 115365.00 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 8,442 crore in the latest company's top management includes Mr.N Chandrasekaran, Sangwan, Prakash Bhatt, Puri, Mr.N Chandrasekaran, Wagh, Sorensen, Bhandarkar, V Chowdary, Ramji, Sangwan, Prakash Bhatt, Ramji, V Chowdary, Bhandarkar, Wagh, Sorensen, Bhandarkar, V Chowdary, Ramji, Sangwan, Prakash Bhatt, Puri, Mr.N Chandrasekaran, Wagh, Sorensen, Puri. Company has BSR & Co. LLP as its auditors. As on 31-03-2025, the company has a total of 368 crore shares Motors held its investor day on 9 June 2025 to share its future plans for the India CV and PV businesses. HDFC Securities expects the CV segment to witness growth in FY26, though margins may be impacted in the near term as a result of the safeguard duty on steel. The brokerage expects the PV segment volumes to grow 2.5% in FY26, broadly in line with the industry. The slower EV sales and an ageing portfolio will be partially offset by continuing higher growth in the CNG segment (25% of its PV sales) and new refreshes/launches planned in FY26. They remain cautious in the near term due to the tariff overhang, subdued global macro, an ageing PV portfolio, slowing EV growth amidst higher competition and moderate growth for CVs. HDFC Securities values the company on a SOTP basis and a target price of Rs 733; the brokerage maintains a REDUCE 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. (Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
