COMPANY NAME TATA MOTORS LTD

LATEST VERSION 2.10 PLEAS

CURRENT VERSION 2.10

META
Number of shares 368.11
Face Value 2.00
Current Price 783.50
Market Capitalization 288,416.15

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 Jun-22 Sep-22 Dec-22 Mar-23
Sales 71,934.66 79,611.37 88,488.59 105,932.35
Expenses 69,521.93 74,039.06 77,668.35 92,817.95
Other Income 2,380.98 1,351.14 1,129.98 1,452.86
Depreciation 5,841.04 5,897.34 6,071.78 7,050.20
Interest 2,420.72 2,487.26 2,675.83 2,641.67
Profit before tax -3,468.05 -1,461.15 3,202.61 4,875.39
Tax 1,518.96 -457.08 262.83 -620.65
Net profit -5,006.60 -944.61 2,957.71 5,407.79
Operating Profit 2,412.73 5,572.31 10,820.24 13,114.40
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
 Tata Motors
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 2,299.50

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

102,236.00 105,129.00 110,577.14 119,986.00 108,048.00 101,450.00
89,019.00 91,362.00 95,158.77 102,851.00 92,263.00 89,291.00
895.00 1,557.00 1,603.76 1,619.00 1,747.00 1,647.00
6,633.00 6,637.00 6,850.00 7,151.00 6,574.00 6,005.00
2,615.00 2,652.00 2,484.91 2,234.00 2,088.00 2,034.00
4,864.00 6,035.00 7,687.22 9,369.00 8,870.00 5,767.00
1,563.00 2,203.00 541.79 -8,160.00 3,178.00 2,317.00
3,203.00 3,764.00 7,025.11 17,407.00 5,566.00 3,343.00
13,217.00 13,767.00 15,418.37 17,135.00 15,785.00 12,159.00
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 62,358.99 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
139,348.59 132,313.22 144,192.62 138,051.22 155,239.20 177,340.09
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

 Historical Financial Statement - Tata Motor
Years Mar-18 Mar-19 Mar-20
# Income Statement
Sales ₹ 291,550.5 ₹ 301,938.4 ₹ 261,068.0
Sales Growth - 3.56% -13.54%

COGS ₹ 228,429.8 ₹ 242,845.5 ₹ 210,376.1

COGS as % of sales 78.35% 80.43% 80.58%

Gross Profit ₹ 63,120.65 ₹ 59,092.87 ₹ 50,691.90

Gross Margin 21.65% 19.57% 19.42%

Selling and Other Expense ₹ 31,663.0 ₹ 34,428.5 ₹ 32,704.8

S&G as percent of sales 10.86% 11.40% 12.53%

EBITDA ₹ 31,457.7 ₹ 24,664.3 ₹ 17,987.1

EBITDA as percentage of sales 10.79% 8.17% 6.89%

Interest ₹ 4,681.8 ₹ 5,758.6 ₹ 7,243.3

Interest as percentage of sales 1.61% 1.91% 2.77%

Depreciation ₹ 21,553.6 ₹ 23,590.6 ₹ 21,425.4

Depreciation as percentage of sales 7.39% 7.81% 8.21%

Earnings Before Tax ₹ 5,222.3 (₹ 4,684.9) (₹ 10,681.7)

EBT % sales 1.79% -1.55% -4.09%

Tax ₹ 4,341.9 (₹ 2,437.5) ₹ 395.3

Effective Tax Rate 83.14% 52.03% -3.70%

Net Profit ₹ 880.4 (₹ 2,247.4) (₹ 11,076.9)

Net Margin 0.30% -0.74% -4.24%

No of Equity Shares 288.73 288.73 308.9

Earnings per Share ₹ 3.0 (₹ 7.8) (₹ 35.9)

EPS Growth - 355.28% -360.68%

Dividend per Share - - -

Dividend Payout Ratio 0.00% 0.00% 0.00%

Retained Earning 100.00% 100.00% 100.00%

# Balance Sheet
Equity Share Capital ₹ 679.2 ₹ 679.2 ₹ 719.5
 Reserves ₹ 94,748.7 ₹ 59,500.3 ₹ 62,359.0
Borrowings ₹ 88,950.5 ₹ 106,175.3 ₹ 124,787.6
Other Liabilities ₹ 142,813.4 ₹ 139,348.6 ₹ 132,313.2
Total Liabilities ₹ 327,191.8 ₹ 305,703.5 ₹ 320,179.4

Fixed Asset Net Block ₹ 121,413.9 ₹ 111,234.5 ₹ 127,107.1

Capital Work in Progress ₹ 40,033.5 ₹ 31,883.8 ₹ 35,622.3
Investments ₹ 20,812.8 ₹ 15,770.7 ₹ 16,308.5
Other Assets ₹ 48,286.9 ₹ 56,155.7 ₹ 58,784.9
Total Non Current Assets ₹ 230,547.0 ₹ 215,044.8 ₹ 237,822.9

Receivables ₹ 19,893.3 ₹ 18,996.2 ₹ 11,172.7

Inventory ₹ 42,137.6 ₹ 39,013.7 ₹ 37,456.9
Cash & Bank ₹ 34,613.9 ₹ 32,648.8 ₹ 33,727.0
Total Current Assets ₹ 96,644.8 ₹ 90,658.7 ₹ 82,356.5

Total Assets ₹ 327,191.8 ₹ 305,703.5 ₹ 320,179.4

# Cash Flow Statement

Operating Activities
Profit from operations ₹ 33,312.0 ₹ 28,771.0 ₹ 23,352.0
Receivables (₹ 10,688.0) (₹ 9,109.0) ₹ 9,950.0
Inventory (₹ 3,560.0) ₹ 2,069.0 ₹ 2,326.0
Payables ₹ 7,320.0 (₹ 4,692.0) (₹ 8,085.0)
Loans Advances 0.0 0.0 0.0
Other WC items ₹ 494.0 ₹ 4,512.0 ₹ 875.0
Working capital changes (₹ 6,434.0) (₹ 7,221.0) ₹ 5,065.0
Direct taxes (₹ 3,021.0) (₹ 2,659.0) (₹ 1,785.0)
Cash Flow from Operating Activities ₹ 17,423.0 ₹ 11,671.0 ₹ 31,698.0

Investing Activities
Fixed assets purchased (₹ 35,079.0) (₹ 35,304.0) (₹ 29,702.0)
Fixed assets sold ₹ 30.0 ₹ 67.0 ₹ 171.0
Investments purchased (₹ 329.0) (₹ 130.0) (₹ 1,439.0)
Investments sold ₹ 2,381.0 ₹ 5,644.0 ₹ 21.0
Interest received ₹ 690.0 ₹ 761.0 ₹ 1,104.0
Dividends received ₹ 1,797.0 ₹ 232.0 ₹ 21.0
Investment in group cos (₹ 4.0) (₹ 9.0) (₹ 606.0)
Redemp n Canc of Shares ₹ 14.0 ₹ 533.0 0.0
Acquisition of companies 0.0 (₹ 8.0) (₹ 27.0)
Inter corporate deposits 0.0 0.0 0.0
Other investing items ₹ 5,360.0 ₹ 7,335.0 (₹ 2,659.0)
Cash Flow from Operating Activities (₹ 25,140.0) (₹ 20,879.0) (₹ 33,116.0)

Financing Activities
Proceeds from shares 0.0 0.0 ₹ 3,889.0
Redemption of debentures 0.0 0.0 0.0
Proceeds from borrowings ₹ 37,482.0 ₹ 51,128.0 ₹ 38,297.0
Repayment of borrowings (₹ 29,964.0) (₹ 35,198.0) (₹ 29,847.0)
Interest paid fin (₹ 5,411.0) (₹ 7,005.0) (₹ 7,518.0)
Dividends paid (₹ 96.0) (₹ 95.0) (₹ 57.0)
Financial liabilities 0.0 0.0 (₹ 1,346.0)
Other financing items 0.0 0.0 (₹ 29.0)
Cash Flow from Operating Activities ₹ 2,011.0 ₹ 8,830.0 ₹ 3,389.0

Net Cash Flow (₹ 5,706.0) (₹ 378.0) ₹ 1,971.0

Financial Statement - Tata Motors
Mar-21 Mar-22 Mar-23 Mar-24 LTM

₹ 249,794.8 ₹ 278,453.6 ₹ 345,967.0 ₹ 437,927.8 ₹ 440,061.1

-4.32% 11.47% 24.25% 26.58% 0.49%

₹ 195,326.0 ₹ 223,300.0 ₹ 274,403.6 ₹ 334,551.8 ₹ 379,563.8

78.19% 80.19% 79.31% 76.39% 86.25%

₹ 54,468.71 ₹ 55,153.61 ₹ 71,563.33 ₹ 103,375.98 ₹ 60,497.37

21.81% 19.81% 20.69% 23.61% 13.75%

₹ 22,181.3 ₹ 30,433.5 ₹ 39,747.5 ₹ 43,837.6

8.88% 10.93% 11.49% 10.01%

₹ 32,287.4 ₹ 24,720.1 ₹ 31,815.8 ₹ 59,538.3 ₹ 60,497.4

12.93% 8.88% 9.20% 13.60% 13.75%

₹ 8,097.2 ₹ 9,311.9 ₹ 10,225.5 ₹ 9,985.8 ₹ 8,840.9

3.24% 3.34% 2.96% 2.28% 2.01%

₹ 23,546.7 ₹ 24,835.7 ₹ 24,860.4 ₹ 27,270.1 ₹ 26,580.0

9.43% 8.92% 7.19% 6.23% 6.04%

₹ 643.5 (₹ 9,427.5) (₹ 3,270.0) ₹ 22,282.5 ₹ 25,076.5

0.26% -3.39% -0.95% 5.09% 5.70%

₹ 2,541.9 ₹ 4,231.3 ₹ 704.1 (₹ 3,851.6) (₹ 2,123.2)

394.97% -44.88% -21.53% -17.29% -8.47%

(₹ 1,898.3) (₹ 13,658.7) (₹ 3,974.1) ₹ 26,134.1 ₹ 27,199.7

-0.76% -4.91% -1.15% 5.97% 6.18%

332.03 332.07 332.13 332.37 0

(₹ 5.7) (₹ 41.1) (₹ 12.0) ₹ 78.6 0.0

84.06% -619.43% 70.91% 757.14% 100.00%

- - ₹ 2.3 ₹ 6.9 0.0

0.00% 0.00% -19.28% 8.80% 0.00%

100.00% 100.00% 119.28% 91.20% 100.00%

₹ 765.8 ₹ 765.9 ₹ 766.0 ₹ 766.5

 ₹ 54,480.9 ₹ 43,795.4 ₹ 44,555.8 ₹ 84,151.5
₹ 142,130.6 ₹ 146,449.0 ₹ 134,113.4 ₹ 107,262.5
₹ 144,192.6 ₹ 138,051.2 ₹ 155,239.2 ₹ 177,340.1
₹ 341,569.9 ₹ 329,061.5 ₹ 334,674.4 ₹ 369,520.6

₹ 138,707.6 ₹ 138,855.5 ₹ 132,079.8 ₹ 121,285.5

₹ 20,963.9 ₹ 10,251.1 ₹ 14,274.5 ₹ 35,698.4
₹ 24,620.3 ₹ 29,379.5 ₹ 26,379.2 ₹ 22,971.1
₹ 61,718.0 ₹ 62,223.8 ₹ 68,432.1 ₹ 79,018.9
₹ 246,009.8 ₹ 240,709.8 ₹ 241,165.5 ₹ 258,973.8

₹ 12,679.1 ₹ 12,442.1 ₹ 15,738.0 ₹ 16,951.8

₹ 36,088.6 ₹ 35,240.3 ₹ 40,755.4 ₹ 47,788.3
₹ 46,792.5 ₹ 40,669.2 ₹ 37,015.6 ₹ 45,806.7
₹ 95,560.1 ₹ 88,351.7 ₹ 93,508.9 ₹ 110,546.8

₹ 341,569.9 ₹ 329,061.5 ₹ 334,674.4 ₹ 369,520.6

₹ 31,198.0 ₹ 26,943.0 ₹ 41,694.0 ₹ 65,106.0

(₹ 5,505.0) ₹ 185.0 (₹ 2,213.0) (₹ 1,875.0)
₹ 3,814.0 ₹ 472.0 (₹ 5,665.0) (₹ 7,265.0)
₹ 5,748.0 (₹ 7,012.0) ₹ 6,945.0 ₹ 13,706.0
0.0 0.0 0.0 0.0
(₹ 4,150.0) (₹ 4,396.0) (₹ 2,194.0) ₹ 2,760.0
(₹ 93.0) (₹ 10,750.0) (₹ 3,127.0) ₹ 7,325.0
(₹ 2,105.0) (₹ 1,910.0) (₹ 3,179.0) (₹ 4,516.0)
₹ 28,907.0 ₹ 3,532.0 ₹ 32,261.0 ₹ 75,241.0

(₹ 20,205.0) (₹ 15,168.0) (₹ 19,230.0) (₹ 31,414.0)

₹ 351.0 ₹ 230.0 ₹ 285.0 ₹ 231.0
(₹ 7,530.0) (₹ 3,008.0) (₹ 50.0) (₹ 74.0)
₹ 226.0 ₹ 104.0 ₹ 6,895.0 ₹ 10,820.0
₹ 428.0 ₹ 653.0 ₹ 973.0 ₹ 2,493.0
₹ 18.0 ₹ 32.0 ₹ 46.0 ₹ 47.0
(₹ 10.0) 0.0 0.0 (₹ 150.0)
0.0 0.0 ₹ 19.0 ₹ 108.0
0.0 (₹ 98.0) 0.0 0.0
0.0 0.0 0.0 (₹ 24.0)
₹ 1,051.0 ₹ 12,813.0 (₹ 4,357.0) (₹ 4,817.0)
(₹ 25,671.0) (₹ 4,442.0) (₹ 15,419.0) (₹ 22,780.0)

₹ 2,603.0 ₹ 19.0 ₹ 20.0 ₹ 82.0

0.0 0.0 0.0 0.0
 ₹ 46,641.0 ₹ 46,578.0 ₹ 43,934.0 ₹ 18,747.0
(₹ 29,709.0) (₹ 42,816.0) (₹ 62,557.0) (₹ 47,332.0)
(₹ 8,123.0) (₹ 9,251.0) (₹ 9,336.0) (₹ 9,332.0)
(₹ 30.0) (₹ 100.0) (₹ 141.0) (₹ 1,059.0)
(₹ 1,477.0) (₹ 1,559.0) (₹ 1,517.0) (₹ 1,924.0)
0.0 ₹ 3,750.0 ₹ 3,355.0 ₹ 3,812.0
₹ 9,905.0 (₹ 3,379.0) (₹ 26,242.0) (₹ 37,006.0)

₹ 13,141.0 (₹ 4,289.0) (₹ 9,400.0) ₹ 15,455.0

 Mar-18 Mar-19 Mar-20 Mar-21
Cash from Operating Activity - 23,857 18,891 26,633 29,001
Profit from operations 33,312 28,771 23,352 31,198
Receivables -10,688 -9,109 9,950 -5,505
Inventory -3,560 2,069 2,326 3,814
Payables 7,320 -4,692 -8,085 5,748
Loans Advances 0 0 0 0
Other WC items 494 4,512 875 -4,150
Working capital changes -6,434 -7,221 5,065 -93
Direct taxes -3,021 -2,659 -1,785 -2,105
Cash from Investing Activity - -25,139 -20,878 -33,115 -25,672
Fixed assets purchased -35,079 -35,304 -29,702 -20,205
Fixed assets sold 30 67 171 351
Investments purchased -329 -130 -1,439 -7,530
Investments sold 2,381 5,644 21 226
Interest received 690 761 1,104 428
Dividends received 1,797 232 21 18
Investment in group cos -4 -9 -606 -10
Redemp n Canc of Shares 14 533 0 0
Acquisition of companies 0 -8 -27 0
Inter corporate deposits 0 0 0 0
Other investing items 5,360 7,335 -2,659 1,051
Cash from Financing Activity - 2,012 8,830 3,390 9,904
Proceeds from shares 0 0 3,889 2,603
Redemption of debentures 0 0 0 0
Proceeds from borrowings 37,482 51,128 38,297 46,641
Repayment of borrowings -29,964 -35,198 -29,847 -29,709
Interest paid fin -5,411 -7,005 -7,518 -8,123
Dividends paid -96 -95 -57 -30
Financial liabilities 0 0 -1,346 -1,477
Other financing items 0 0 -29 0
Net Cash Flow 730 6,843 -3,092 13,232
Mar-22 Mar-23 Mar-24
14,283 35,388 67,915
26,943 41,694 65,106
185 -2,213 -1,875
472 -5,665 -7,265
-7,012 6,945 13,706
0 0 0
-4,396 -2,194 2,760
-10,750 -3,127 7,325
-1,910 -3,179 -4,516
-4,444 -15,417 -22,782
-15,168 -19,230 -31,414
230 285 231
-3,008 -50 -74
104 6,895 10,820
653 973 2,493
32 46 47
0 0 -150
0 19 108
-98 0 0
0 0 -24
12,813 -4,357 -4,817
-3,380 -26,243 -37,006
19 20 82
0 0 0
46,578 43,934 18,747
-42,816 -62,557 -47,332
-9,251 -9,336 -9,332
-100 -141 -1,059
-1,559 -1,517 -1,924
3,750 3,355 3,812
6,459 -6,272 8,128