About
Tata Motors Passenger Vehicles Limited designs, develops, manufactures, and sells various automotive vehicles. The company offers passenger and electric vehicles, as well as related spare parts and accessories. It also manufactures engines for industrial applications. In addition, the company provides information technology and vehicle financing services. It operates in India, China, the United States, the United Kingdom, rest of Europe, and internationally. The company was formerly known as Tata Motors Limited and changed its name to Tata Motors Passenger Vehicles Limited in October 2025. Tata Motors Passenger Vehicles Limited was incorporated in 1945 and is headquartered in Mumbai, India.
Key Metrics
as of Sep 2026Market Cap114,980 Cr
P/E115.00
Div Yield0.96 %
Book Value₹304.00
52w High₹447.00
52w Low₹294.00
Face Value₹2.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 95,799.00 | 105,447.00 | 70,108.00 | 72,349.00 | 87,677.00 | 98,377.00 | 94,472.00 | 83,656.00 | 107,102.00 | 119,033.00 | 110,577.00 | 105,129.00 | 102,236.00 |
| Expenses | 89,623.00 | 94,188.00 | 69,229.00 | 73,753.00 | 79,515.00 | 83,990.00 | 84,070.00 | 73,742.00 | 91,854.00 | 102,348.00 | 95,159.00 | 91,362.00 | 89,019.00 |
| Operating Profit | 6,176.00 | 11,259.00 | 879.00 | -1,404.00 | 8,162.00 | 14,387.00 | 10,402.00 | 9,914.00 | 15,248.00 | 16,685.00 | 15,418.00 | 13,767.00 | 13,217.00 |
| OPM % | 6.00 | 11.00 | 1.20 | -1.90 | 9.00 | 15.00 | 11.00 | 12.00 | 14.00 | 14.00 | 14.00 | 13.00 | 13.00 |
| Other Income | 1,113.00 | 1,877.00 | 39.00 | 81,507.00 | 2,690.00 | 2,361.00 | 2,730.00 | 1,920.00 | 6,553.00 | 1,412.00 | 1,604.00 | 1,557.00 | 895.00 |
| Depreciation | 4,880.00 | 5,092.00 | 4,969.00 | 4,871.00 | 4,851.00 | 4,717.00 | 4,863.00 | 5,467.00 | 6,565.00 | 7,143.00 | 6,850.00 | 6,637.00 | 6,633.00 |
| Interest | 835.00 | 767.00 | 682.00 | 686.00 | 692.00 | 828.00 | 843.00 | 1,094.00 | 1,471.00 | 1,645.00 | 2,485.00 | 2,652.00 | 2,615.00 |
| Profit before tax | 1,574.00 | 7,277.00 | -4,733.00 | 74,546.00 | 5,309.00 | 11,203.00 | 7,426.00 | 5,273.00 | 13,765.00 | 9,309.00 | 7,687.00 | 6,035.00 | 4,864.00 |
| Tax % | 45.00 | 19.00 | -26.00 | -2.00 | 25.00 | 24.00 | 26.00 | 33.00 | 23.00 | -88.00 | 7.00 | 36.00 | 32.00 |
| Net Profit | 859.00 | 5,878.00 | -3,483.00 | 76,248.00 | 4,003.00 | 8,556.00 | 5,484.00 | 3,521.00 | 10,587.00 | 17,528.00 | 7,145.00 | 3,832.00 | 3,301.00 |
| EPS in Rs | 2.10 | 15.70 | -9.47 | 206.85 | 10.66 | 23.01 | 14.69 | 9.36 | 31.63 | 52.37 | 21.14 | 11.33 | 9.64 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 335,582.00 | 366,094.00 | 434,016.00 | 345,967.00 | 278,454.00 | 249,795.00 | 261,068.00 | 301,938.00 | 291,550.00 | 269,693.00 | 273,046.00 | 263,159.00 |
| Expenses | 316,863.00 | 318,101.00 | 376,207.00 | 314,151.00 | 253,734.00 | 217,507.00 | 243,081.00 | 277,274.00 | 260,093.00 | 240,104.00 | 234,650.00 | 223,920.00 |
| Operating Profit | 18,719.00 | 47,993.00 | 57,809.00 | 31,816.00 | 24,720.00 | 32,287.00 | 17,987.00 | 24,664.00 | 31,458.00 | 29,589.00 | 38,395.00 | 39,239.00 |
| OPM % | 6.00 | 13.00 | 13.00 | 9.00 | 9.00 | 13.00 | 7.00 | 8.00 | 11.00 | 11.00 | 14.00 | 15.00 |
| Other Income | 86,291.00 | 14,219.00 | 4,807.00 | 6,664.00 | 2,424.00 | -11,118.00 | 102.00 | -26,686.00 | 5,933.00 | 1,869.00 | -2,670.00 | 714.00 |
| Interest | 2,827.00 | 3,901.00 | 7,594.00 | 10,225.00 | 9,312.00 | 8,097.00 | 7,243.00 | 5,759.00 | 4,682.00 | 4,238.00 | 4,889.00 | 4,861.00 |
| Depreciation | 19,784.00 | 21,102.00 | 27,239.00 | 24,860.00 | 24,836.00 | 23,547.00 | 21,425.00 | 23,591.00 | 21,554.00 | 17,905.00 | 16,711.00 | 13,389.00 |
| Profit before tax | 82,399.00 | 37,209.00 | 27,783.00 | 3,394.00 | -7,003.00 | -10,474.00 | -10,580.00 | -31,371.00 | 11,155.00 | 9,315.00 | 14,126.00 | 21,703.00 |
| Tax % | 0.00 | 24.00 | -14.00 | 21.00 | 60.00 | 24.00 | 4.00 | -8.00 | 39.00 | 35.00 | 21.00 | 35.00 |
| Net Profit | 82,645.00 | 28,149.00 | 31,807.00 | 2,690.00 | -11,309.00 | -13,395.00 | -11,975.00 | -28,724.00 | 9,091.00 | 7,557.00 | 11,678.00 | 14,073.00 |
| EPS in Rs | 223.74 | 75.60 | 94.47 | 7.27 | -34.45 | -40.51 | -39.08 | -99.84 | 31.13 | 25.82 | 40.11 | 48.44 |
| Dividend Payout % | 1.00 | 8.00 | 7.00 | 32.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 737.00 | 736.00 | 767.00 | 766.00 | 766.00 | 766.00 | 720.00 | 679.00 | 679.00 | 679.00 | 679.00 | 644.00 |
| Reserves | 111,331.00 | 115,408.00 | 84,151.00 | 44,556.00 | 43,795.00 | 54,481.00 | 62,359.00 | 59,500.00 | 94,749.00 | 57,383.00 | 78,273.00 | 55,618.00 |
| Borrowings | 79,109.00 | 71,540.00 | 107,264.00 | 134,113.00 | 146,449.00 | 142,131.00 | 124,788.00 | 106,175.00 | 88,950.00 | 78,604.00 | 69,360.00 | 73,610.00 |
| Other Liabilities | 188,012.00 | 189,289.00 | 177,339.00 | 155,239.00 | 138,051.00 | 144,193.00 | 132,313.00 | 139,349.00 | 142,813.00 | 135,914.00 | 114,872.00 | 107,442.00 |
| Total Liabilities | 379,189.00 | 376,973.00 | 369,521.00 | 334,674.00 | 329,061.00 | 341,570.00 | 320,179.00 | 305,703.00 | 327,192.00 | 272,580.00 | 263,184.00 | 237,315.00 |
| Fixed Assets | 104,656.00 | 115,697.00 | 121,285.00 | 132,080.00 | 138,855.00 | 138,708.00 | 127,107.00 | 111,234.00 | 121,414.00 | 95,944.00 | 107,232.00 | 88,479.00 |
| CWIP | 102,654.00 | 65,806.00 | 35,698.00 | 14,274.00 | 10,251.00 | 20,964.00 | 35,622.00 | 31,884.00 | 40,034.00 | 33,699.00 | 25,919.00 | 28,640.00 |
| Investments | 26,313.00 | 35,656.00 | 22,971.00 | 26,379.00 | 29,380.00 | 24,620.00 | 16,308.00 | 15,771.00 | 20,813.00 | 20,338.00 | 23,767.00 | 15,337.00 |
| Other Assets | 145,566.00 | 159,814.00 | 189,567.00 | 161,941.00 | 150,575.00 | 157,278.00 | 141,141.00 | 146,814.00 | 144,932.00 | 122,600.00 | 106,266.00 | 104,858.00 |
| Total Assets | 379,189.00 | 376,973.00 | 369,521.00 | 334,674.00 | 329,061.00 | 341,570.00 | 320,179.00 | 305,703.00 | 327,192.00 | 272,580.00 | 263,184.00 | 237,315.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 13,041.00 | 63,102.00 | 67,915.00 | 35,388.00 | 14,283.00 | 29,001.00 | 26,633.00 | 18,891.00 | 23,857.00 | 30,199.00 | 37,900.00 | 35,531.00 |
| Cash from Investing Activity | -23,166.00 | -49,982.00 | -22,781.00 | -15,417.00 | -4,444.00 | -25,672.00 | -33,115.00 | -20,878.00 | -25,139.00 | -39,571.00 | -36,694.00 | -36,232.00 |
| Cash from Financing Activity | -1,344.00 | -18,786.00 | -37,006.00 | -26,243.00 | -3,380.00 | 9,904.00 | 3,390.00 | 8,830.00 | 2,012.00 | 6,205.00 | -3,795.00 | 5,201.00 |
| Net Cash Flow | -11,469.00 | -5,666.00 | 8,128.00 | -6,272.00 | 6,459.00 | 13,232.00 | -3,092.00 | 6,843.00 | 730.00 | -3,167.00 | -2,589.00 | 4,500.00 |
| Free Cash Flow | -23,195.00 | 26,034.00 | 36,732.00 | 16,443.00 | -655.00 | 9,146.00 | -2,898.00 | -16,346.00 | -11,191.00 | 14,181.00 | 6,455.00 | 3,643.00 |
| CFO/OP % | 87.00 | 140.00 | 125.00 | 121.00 | 66.00 | 96.00 | 158.00 | 87.00 | 85.00 | 108.00 | 104.00 | 101.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 14.00 | 13.00 | 14.00 | 17.00 | 16.00 | 19.00 | 16.00 | 23.00 | 25.00 | 19.00 | 18.00 | 17.00 |
| Inventory Days | 85.00 | 78.00 | 64.00 | 66.00 | 71.00 | 83.00 | 82.00 | 73.00 | 83.00 | 77.00 | 73.00 | 67.00 |
| Days Payable | 158.00 | 160.00 | 126.00 | 128.00 | 141.00 | 175.00 | 145.00 | 133.00 | 151.00 | 138.00 | 138.00 | 131.00 |
| Cash Conversion Cycle | -59.00 | -69.00 | -48.00 | -45.00 | -53.00 | -74.00 | -48.00 | -38.00 | -43.00 | -41.00 | -46.00 | -47.00 |
| Working Capital Days | -81.00 | -75.00 | -55.00 | -63.00 | -88.00 | -112.00 | -92.00 | -78.00 | -71.00 | -69.00 | -63.00 | -62.00 |
| ROCE % | 3.00 | 16.00 | 19.00 | 6.00 | 1.00 | 6.00 | 0.00 | 2.00 | 9.00 | 9.00 | 15.00 | 21.00 |
Corporate Actions
25 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 19 Jun 2026 | 19 Jun 2026 | — | 3.00 | |
| Other | 14 Oct 2025 | 14 Oct 2025 | — | — | Spin Off |
| Other | 14 Oct 2025 | 14 Oct 2025 | — | — | Demerger |
| Dividend | 04 Jun 2025 | 04 Jun 2025 | — | 6.00 | |
| Dividend | 11 Jun 2024 | 11 Jun 2024 | — | 3.00 | |
| Dividend | 28 Jul 2023 | — | — | 2.00 | |
| Dividend | 18 Jul 2016 | — | — | 0.20 | |
| Other | 22 Jul 2015 | — | — | — | Annual General Meeting |
| Rights | 06 Apr 2015 | — | 6:109 | — | |
| Other | 06 Apr 2015 | — | — | — | Right Issue of Equity Shares |
| Dividend | 09 Jul 2014 | — | — | 2.00 | |
| Dividend | 30 Jul 2013 | — | — | 2.00 | |
| Dividend | 18 Jul 2012 | — | — | 4.00 | |
| Split | 12 Sep 2011 | 13 Sep 2011 | 10:2 | — | |
| Dividend | 19 Jul 2011 | — | — | 20.00 | |
| Dividend | 10 Aug 2010 | — | — | 15.00 | |
| Dividend | 03 Aug 2009 | — | — | 6.00 | |
| Rights | 09 Sep 2008 | 16 Sep 2008 | 1:6 | — | |
| Other | 09 Sep 2008 | 16 Sep 2008 | — | — | Right Issue of Equity Shares |
| Dividend | 16 Jun 2008 | — | — | 15.00 | |
| Dividend | 01 Jun 2007 | — | — | 3.00 | |
| Dividend | 23 Jun 2006 | — | — | 2.60 | |
| Other | 23 Jun 2005 | — | — | — | Div Fin-100% + Spl-25% |
| Other | 03 Sep 2001 | — | — | — | Right Issue of Fully Convertible Debentures |
| Other | 03 Sep 2001 | — | — | — | Right Issue of Non Convertible Debentures |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update12 Aug from crisil
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Rating update31 Jul from icra
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Rating update27 Nov 2025 from crisil
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Rating update25 Nov 2025 from icra
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Rating update20 Oct 2025 from crisil
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Rating update16 Oct 2025 from icra
Conference Calls
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