| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 95,799 | 1,04,407 | −8.2% |
| EBITDA | 6,176 | 10,224 | −39.6% |
| EBITDA margin | 6.5% | 9.8% | −3.3 pts |
| Profit before tax | 1,558 | 5,429 | −71.3% |
| Net profit | 859 | 4,003 | −78.5% |
| EPS | ₹2.10 | ₹10.66 | −80.3% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 97,137 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 41,465 | 41,465 | 61,548 | 54,268 | 50,725 | ||
| 6,774 | 6,774 | 6,610 | 8,176 | 7,278 | ||
| 69,953 | 69,953 | 62,499 | 98,500 | 1,25,660 | ||
| 1,32,399 | — | — | — | — | ||
| 3,43,703 | 3,35,582 | 4,39,695 | 4,37,928 | 3,45,967 | ||
| — | −23.7% | +0.4% | +26.6% | — | ||
| 16,910 | 18,897 | 56,138 | 59,538 | 31,920 | ||
| 4.9% | 5.6% | 12.8% | 13.6% | 9.2% | ||
| −2,902 | −887 | 32,882 | 32,268 | 7,059 | ||
| 79,502 | 82,645 | 28,149 | 31,807 | 2,690 | ||
| 23.1% | 24.6% | 6.4% | 7.3% | 0.8% | ||
| ₹215.04 | ₹223.58 | ₹75.52 | ₹85.21 | ₹6.55 | ||
| — | +196.0% | −11.4% | +1,200.6% | — | ||
| — | 13,041 | 63,102 | 67,915 | 35,388 | ||
| — | −36,282 | −38,042 | −31,414 | −18,096 | ||
| −23,241 | −23,241 | 25,060 | 36,502 | 17,292 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 97,136.6 | |
| - Cash, Equiv & ST Investments | 50,725.3 | 54,268.0 | 61,548.0 | 41,465.0 | 41,465.0 | |
| + Minority Interest | 7,277.7 | 8,175.9 | 6,610.0 | 6,774.0 | 6,774.0 | |
| + Total Debt | 1,25,660.5 | 98,500.1 | 62,499.0 | 69,953.0 | 69,953.0 | |
| Enterprise Value | — | — | — | — | 1,32,398.6 | |
| Revenue | 3,45,967.0 | 4,37,927.8 | 4,39,695.0 | 3,35,582.0 | 3,43,703.0 | |
| Growth %, YoY | — | +26.6 | +0.4 | -23.7 | — | |
| EBITDA | 31,919.7 | 59,538.3 | 56,138.0 | 18,897.0 | 16,910.0 | |
| Margin % | 9.23 | 13.60 | 12.77 | 5.63 | 4.92 | |
| EBIT | 7,059.3 | 32,268.2 | 32,882.0 | -887.0 | -2,902.0 | |
| Net Income | 2,689.9 | 31,806.8 | 28,149.0 | 82,645.0 | 79,502.0 | |
| Margin % | 0.78 | 7.26 | 6.40 | 24.63 | 23.13 | |
| EPS, Adj (current shares) | 6.55 | 85.21 | 75.52 | 223.58 | 215.04 | |
| Growth %, YoY | — | +1,200.6 | -11.4 | +196.0 | — | |
| Cash from Operations | 35,388.0 | 67,915.4 | 63,102.0 | 13,041.0 | — | |
| Capital Expenditures | -18,095.7 | -31,413.6 | -38,042.0 | -36,282.0 | — | |
| Free Cash Flow | 17,292.3 | 36,501.7 | 25,060.0 | -23,241.0 | -23,241.0 | |
Prices at the 29 October 2026 close · figures from the company's filings with NSE
Tata Motors Passenger Vehicles (NSE: TMPV) had a market capitalisation of ₹98,021 crore at the 29 October 2026 close (₹266.00 a share), a PE ratio of 1.2 on the last four quarters' profit and a price-to-book ratio of 0.87. In FY26 its consolidated net profit attributable to shareholders was ₹82,390 crore on revenue of ₹3,35,582 crore; in Q1 FY27 (April–June 2026) it was ₹775 crore, down 80.2% year on year. Its debt-to-equity ratio was 0.59 on 31 March 2026. Promoters held 42.50% of the shares on 30 September 2026.
Tata Motors PV's PE ratio is 1.2 at the 29 October 2026 close (₹266.00 a share): a market capitalisation of ₹98,021 crore divided by consolidated net profit attributable to shareholders of ₹79,242 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit attributable to shareholders (₹82,390 crore) it is 1.2.
Tata Motors PV's net worth — shareholders' equity in its consolidated balance sheet — was ₹1,12,068 crore (₹1.12 lakh crore) on 31 March 2026, down 3.5% from ₹1,16,144 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹98,021 crore at the 29 October 2026 close.
Tata Motors PV's book value per share was ₹304.12 on 31 March 2026: shareholders' equity of ₹1,12,068 crore divided by the 368.5 crore shares in issue, down 3.6% from ₹315.61 a year earlier. The share price at the 29 October 2026 close was ₹266.00.
Tata Motors PV's price-to-book (PB) ratio is 0.87 at the 29 October 2026 close: a market capitalisation of ₹98,021 crore divided by shareholders' equity (book value) of ₹1,12,068 crore on 31 March 2026. That is a book value of ₹304.12 per share against a share price of ₹266.00.
Tata Motors PV's debt-to-equity ratio was 0.59 on 31 March 2026: borrowings of ₹69,953 crore against total equity of ₹1,18,842 crore. A year earlier, on 31 March 2025, it was 0.51.
In FY26, Tata Motors PV's return on equity (ROE) was 72.2% and its return on capital employed (ROCE) was −0.4%. ROE is net profit attributable to shareholders divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 27.7% and ROCE 16.1%.
Tata Motors PV's market capitalisation was ₹98,021 crore at the 29 October 2026 close: 368.5 crore shares at ₹266.00 each.
Tata Motors PV's basic earnings per share (EPS) were −₹0.61 in FY26. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to −₹9.16.
In 2026, Tata Motors PV has declared one dividend: ₹3 with record date 19 June 2026.
No. Tata Motors PV had borrowings of ₹69,953 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.59. Its cash and current investments were ₹48,269 crore, so its net debt was ₹21,684 crore.
Tata Motors PV's dividend yield is 1.13% at the 29 October 2026 close: dividends of ₹3 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹266.00. They were ₹3 on 19 June 2026.
Promoters held 42.50% of Tata Motors PV on 30 September 2026, down 0.01 percentage points from 42.51% the previous quarter and down 0.07 percentage points from 42.57% a year earlier, according to the shareholding pattern filed with NSE.
On 30 September 2026, Tata Motors PV's shares were held by promoters 42.50%, foreign portfolio investors (FII/FPI) 15.32%, domestic institutions (DII) 17.92% (including mutual funds at 9.78%) and retail and other non-institutional investors 24.20%. Over the year, FII holding was down 1.81 percentage points from 17.13% and DII holding was up 0.64 percentage points from 17.28%.
On FY26 consolidated figures, against Maruti Suzuki, M&M and Hyundai Motor India: Tata Motors PV's operating margin of −0.3% is the lowest of the four (Maruti Suzuki 8.0%, M&M 14.9%, Hyundai Motor India 9.0%; peer average 10.7%); its return on equity of 72.2% is the highest of the four (Maruti Suzuki 14.4%, M&M 20.1%, Hyundai Motor India 29.9%; peer average 21.5%).
At the 29 October 2026 closing prices, on FY26 net profit attributable to shareholders, Tata Motors PV's PE ratio is 1.2, the lowest of the four: Maruti Suzuki 24.5, M&M 18.9 and Hyundai Motor India 28.8, a peer average of 24.0. Each is the company's market capitalisation at that price divided by its FY26 net profit.
In FY26, Tata Motors PV generated ₹13,041 crore of cash from operations and spent ₹36,282 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of −₹23,241 crore. In FY25 it was ₹25,060 crore.
Tata Motors PV's latest results are for Q1 FY27 (April–June 2026), filed on 13 August 2026: consolidated net profit attributable to shareholders ₹775 crore, down 80.2% from ₹3,924 crore in Q1 FY26; revenue from operations ₹95,799 crore, down 8.2% year on year.
In FY26 (April 2025–March 2026), Tata Motors PV's consolidated net profit attributable to shareholders was ₹82,390 crore, up 196.0% from ₹27,830 crore in FY25, on revenue from operations of ₹3,35,582 crore (down 23.7%). Over three years, from FY23, net profit was null.
Tata Motors PV will announce its Q2 FY27 results (July–September 2026) on Friday, 13 November 2026, the date of the board meeting it has notified to the exchanges.
In FY26, Tata Motors PV earned net profit attributable to shareholders of ₹82,390 crore on revenue of ₹3,35,582 crore, against ₹14,680 crore on ₹1,83,316 crore for Maruti Suzuki. Tata Motors PV's operating margin was −0.3% (Maruti Suzuki 8.0%) and its return on equity 72.2% (Maruti Suzuki 14.4%). At the 29 October 2026 close, Tata Motors PV's market capitalisation was ₹98,021 crore against ₹3,59,233 crore for Maruti Suzuki, and its PE ratio on FY26 profit 1.2 against 24.5.
From Tata Motors Passenger Vehicles' own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.