|
09 Sep 2025 |
Tata Motors
|
Consensus Share Price Target
|
719.50 |
754.48 |
- |
4.86 |
hold
|
|
|
|
|
28 Jul 2023
|
Tata Motors
|
ICICI Direct
|
719.50
|
810.00
|
635.30
(13.25%)
|
Target met |
Buy
|
|
|
|
|
26 Jul 2023
|
Tata Motors
|
Axis Direct
|
719.50
|
|
641.10
(12.23%)
|
|
Not Rated
|
|
|
Tata Motors Ltd: Cancellation of A' ORD shares: Value-Accretive for Shareholders & Company
|
|
26 Jul 2023
|
Tata Motors
|
Axis Direct
|
719.50
|
|
641.10
(12.23%)
|
|
Not Rated
|
|
|
TATA Motors Captital Reduction Offer: Special Situation Alpha
|
|
26 Jul 2023
|
Tata Motors
|
SMC online
|
719.50
|
|
641.10
(12.23%)
|
|
Results Update
|
|
|
|
|
26 Jul 2023
|
Tata Motors
|
ICICI Securities Limited
|
719.50
|
699.00
|
639.45
(12.52%)
|
Target met |
Accumulate
|
|
|
Tata Motors (TTMT) reported yet another strong quarter with JLR EBITDAM touching a 30-quarter high of 16.3%, 220bps higher than our estimate, driven by extremely rich model mix as Defender + RR + RRS accounted for ~63% of wholesales. With retails at 93k units vs wholesales at ~102k units, fixed cost got distributed into higher number of units sold, thus pushing up margin by ~110bps, which would likely be reversed in the subsequent quarter.
|
|
26 Jul 2023
|
Tata Motors
|
Prabhudas Lilladhar
|
719.50
|
760.00
|
641.10
(12.23%)
|
Target met |
Buy
|
|
|
|
|
26 Jul 2023
|
Tata Motors
|
Motilal Oswal
|
719.50
|
750.00
|
641.10
(12.23%)
|
Target met |
Buy
|
|
|
|
|
10 Jul 2023
|
Tata Motors
|
Sharekhan
|
719.50
|
720.00
|
621.45
(15.78%)
|
Target met |
Buy
|
|
|
|
|
15 Jun 2023
|
Tata Motors
|
ICICI Securities Limited
|
719.50
|
620.00
|
570.30
(26.16%)
|
Target met |
Accumulate
|
|
|
We attended the recent investor meet of Tata Motors (TTMT) and came back with the following key takeaways: 1) Management expects FY24 M&HCV growth to be single- digited and will endeavour for margin improvement through reduction in discounts. Freight rate discipline is intact and demand is expected to improve post monsoon.
|
|
08 Jun 2023
|
Tata Motors
|
Motilal Oswal
|
719.50
|
650.00
|
559.70
(28.55%)
|
Target met |
Buy
|
|
|
|
|
08 Jun 2023
|
Tata Motors
|
Prabhudas Lilladhar
|
719.50
|
605.00
|
559.70
(28.55%)
|
Target met |
Buy
|
|
|
|
|
08 Jun 2023
|
Tata Motors
|
ICICI Direct
|
719.50
|
700.00
|
559.70
(28.55%)
|
Target met |
Buy
|
|
|
|
|
19 May 2023
|
Tata Motors
|
ICICI Securities Limited
|
719.50
|
615.00
|
508.45
(41.51%)
|
Target met |
Buy
|
|
|
In Q4FY23, Tata Motors reported consolidated revenue of INR 10,59,324 mn (+35.1% YoY/ +19.7% QoQ). Of the 35.1% revenue growth, 24.4% was attributed to volume & mix while 10.5% came from price. Revenue for JLR in GBP terms grew by 49.0% YoY/ +17.6% QoQ with wholesales volumes (ex. CJLR) growth at 23.7% YoY/ 18.9% QoQ.
|
|
17 May 2023
|
Tata Motors
|
Geojit BNP Paribas
|
719.50
|
564.00
|
515.50
(39.57%)
|
Target met |
Hold
|
|
|
|
|
16 May 2023
|
Tata Motors
|
SMC online
|
719.50
|
|
521.15
(38.06%)
|
|
Results Update
|
|
|
|
|
15 May 2023
|
Tata Motors
|
Prabhudas Lilladhar
|
719.50
|
605.00
|
530.85
(35.54%)
|
Target met |
Buy
|
|
|
|
|
14 May 2023
|
Tata Motors
|
ICICI Direct
|
719.50
|
650.00
|
515.95
(39.45%)
|
Target met |
Buy
|
|
|
|
|
13 May 2023
|
Tata Motors
|
Motilal Oswal
|
719.50
|
590.00
|
515.95
(39.45%)
|
Target met |
Buy
|
|
|
|
|
13 May 2023
|
Tata Motors
|
ICICI Securities Limited
|
719.50
|
620.00
|
515.95
(39.45%)
|
Target met |
Buy
|
|
|
Tata Motors (TTMT) executed strong show across key verticals in Q4FY23 with CV EBITDAM crossing the 10% mark after 4yrs and JLR delivering a strong ~GBP815mn FCF. India PVs reported flattish ~7% margin as rising scale of loss- making EVs resisted the EBITDAM of India PVs to cross the 10% mark.
|
|
12 May 2023
|
Tata Motors
|
Sharekhan
|
719.50
|
600.00
|
521.15
(38.06%)
|
Target met |
Buy
|
|
|
|