Tata Motors Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for TATAMOTORS, BSE:500570 Tata Motors Ltd.

Tata Motors Ltd.

03 Aug 2020

396.80

1.52%

Tata Motors

Hold: Tata Motors Ltd.

Target

ICICI Securities Limited

JLR's Q1FY21 negative FCF (1.2 billion) was 500 million better than previous guidance (included 1.1 billion in working capital outflows expected to reverse as production ramps up) while India negative FCF of | 4,300 crore was lower than guidance by | 700 crore. Amid ongoing focus on costs, capex, both businesses committed to turning FCF positive (JLR from FY22E in sustainable manner, standalone from FY21E) while also reducing debt levels from FY22E onwards. However, outlook on volume growth remains clouded by the evolving pandemic situation in different...

Tata Motors Ltd. has lost -56.74% in the last 1 Year

Tata Motors Ltd.

02 Aug 2020

396.80

1.52%

Q1FY21 Result Update - Mixed set; JLR better while S/A below estimates - HOLD

Hold: Tata Motors Ltd.

Target

Prabhudas Lilladhar

China JLR turned EBIT positive at 0.4% (post 8 quarters of EBIT loss). TTMT's 1QFY21 consolidated EBITDA exceeded expectations beating JLR performance led by cost savings and better realizations. JLR margins came in at 3.5% (PLe -13%). With China stabilizing post COVID and improvement in other global markets, JLR can see gradual volume recovery. Consistent delivery on cost savings (Project charge savings of GBP4.7bn till date and...

Tata Motors Ltd. is trading below all available SMAs

Tata Motors Ltd.

01 Aug 2020

396.80

1.52%

Tough quarter with loss of INR84b & -ve FCF of INR182b

Buy: Tata Motors Ltd.

Target

Motilal Oswal

1 August 2020 TTMTs had its toughest quarter ever with net consol losses of INR84b as both JLR and India business were badly hurt by Covid-19 related lockdowns. (auto) FCF being negative at ~INR182b. However, it expects positive FCF in both businesses 2QFY21 onwards. Recovery in both businesses is critical for net debt reduction (INR678b, increase of INR196b QoQ). We expect losses to gradually reduce in coming quarters and turn profitable only from 4QFY21. We have lowered our FY21E loss estimates by 8% to factor in faster JLR volume recovery and cost cutting initiatives. adverse mix and higher fixed cost led to the fourth consecutive quarter of EBITDA loss (~INR7b v/s est. The beat was led by 10% YoY increase in realizations (due to higher spare contribution) and cost savings of INR5.4b. JLR Project Charge delivered total savings of GBP1.2b (cost savings of GBP0.

Number of FII/FPI investors increased from 1099 to 1112 in Jun 2025 qtr.

Tata Motors Ltd.

11 Jul 2020

396.80

1.52%

JLR - Wholesales decline 44.8 % in 1QFY21

Buy: Tata Motors Ltd.

Target

Motilal Oswal

11 July 2020 Automobiles Jaguar Land Rover (JLR)s wholesale volumes declined 44.8% YoY to ~65.4k ~15% YoY at ~16.5k units. JLRs 1QFY21 retail sales declined ~42% YoY to ~74k, with LR decreasing ~38% and Jaguar ~52.5%. Jun20 retail sales fell ~25% YoY to 35.3k. This was the first month of retail for many markets, such as the UK. In Jun20, China (-7.4% YoY) and North America (+2.2% YoY) were particularly encouraging.

Tata Motors Ltd. has lost -41.78% in the last 1 Week

Tata Motors Ltd.

16 Jun 2020, 12:00AM

396.80

1.52%

Q4FY20 Result Update - Weak results; JLR bets on China and new launch - HOLD

Hold: Tata Motors Ltd.

Target

Prabhudas Lilladhar

JLR bets on China's recovery and healthy response to the new Defender. TTMT 4QFY20 performance was operationally weak with S/A margins at -4.4% (PLe -3.3%), JLR margins at 4.8% (PLe 7%) and consol margins at 3.8% (PLe 6%). The miss in JLR margin was led by negative operating leverage and weak...

Tata Motors Ltd. has lost -42.02% in the last 3 Months

Tata Motors Ltd.

16 Jun 2020, 12:00AM

396.80

1.52%

Tata Motors

Hold: Tata Motors Ltd.

Target

ICICI Securities Limited

JLR's FCF position continues to improve (up 563 million YoY to -722 million). Cost, profit and cash improvement plan Project Charge' has delivered results well ahead of schedule (Exhibit 4), delivering 3.5 billion in savings by FY20 instead of the originally planned 2.5 billion. Now termed Charge+', TML aims to achieve further 1.5 billion savings by FY21E (half of these being non-recurring and structural). The company has also initiated a similar | 6,000 crore plan in India (includes | 3,000 crore of planned capex reduction). Also, JLR capex has been revised downwards by 40% to 2.5...

Tata Motors Ltd. has lost -44.34% in the last 1 Month

Tata Motors Ltd.

16 Jun 2020, 12:00AM

396.80

1.52%

Below est.; sharp focus on cash generation, balance sheet deleveraging

Buy: Tata Motors Ltd.

Target

Motilal Oswal

We lower our FY21/FY22 EBITDA by -18%/0% to factor weakness in volumes in both businesses and higher interest cost, resulting in PAT loss in both the years. adverse mix, and higher fixed cost led to a third quarter of EBITDA loss of We lower our FY21/FY22 EBITDA by 18%/0% to factor near-term volume weakness, Fx movement, and the impact of COVID-19 on cost structures in both JLR and the India business. While TTMTs India CV business is on a strong footing, the India PV business particularly would be severely challenged during such uncertain times as customers prefer proven Over the last three years, JLR had suffered from adverse product (growth led by Jaguar), market mix (decline in Chinas contribution), and increase in capex, resulting in negative FCFF in FY1820. We lower our FY21/FY22 EBITDA by 18%/0% to factor near-term volume weakness, Fx movement, and the impact of COVID-19 on cost structures in both JLR and the India business.

Emkay released a Buy report for Tata Motors Ltd. with a price target of 750.0 on 30 Sep, 2025.

Tata Motors Ltd.

22 May 2020

396.80

1.52%

TATA MOTORS LTD

Hold: Tata Motors Ltd.

Target

Geojit BNP Paribas

Domestic sales volume in March 2020 fell to 11,012 units (-84.0% YoY), taking FY20 domestic volumes to 442k units (-34.9% YoY), impacted by COVID-19 pandemic and planned transition to BS VI. JLR recorded FY20...

Number of FII/FPI investors increased from 1099 to 1112 in Jun 2025 qtr.

Tata Motors Ltd.

07 Feb 2020

396.80

1.52%

TATA MOTORS LTD

Hold: Tata Motors Ltd.

Recommendation Target

Geojit BNP Paribas

Consolidated Q3FY20 revenue dropped by 6.8% YoY to Rs. 71,676cr (+9.5% QoQ) impacted by M&HCV; decline and BSIV stock reduction. Volumes fell 12% YoY to 276k in Q3FY20, although Jaguar Land Rover...

Emkay released a Buy report for Tata Motors Ltd. with a price target of 750.0 on 30 Sep, 2025.

Tata Motors Ltd.

03 Feb 2020

396.80

1.52%

Result Review- Tata Motors

Buy: Tata Motors Ltd.

Hem Securities

Tata Motors Limited is an automobile company. The Company is engaged in manufacture of motor vehicles. The Company is engaged mainly in the business of automobile products consisting of all types of commercial and passenger vehicles, including financing of the vehicles sold by the Company. In the automotive segment, the Company manufactures and sells passenger cars, utility vehicles,...

Tata Motors Ltd. has lost -36.23% in the last 6 Months

Is Tata Motors Ltd. worth buying?

5432 Votes:

Buy 77.76%

Sell 11.32%

Hold 10.92%

RESEARCH REPORTS

Buy SEE REPORTS >

pdf

Hold SEE REPORTS >

pdf