Historical Financial Statement - TATA MOT

Years Mar-13 Mar-14 Mar-15 Mar-16

# Income Statement
Sales ₹ 188,792.7 ₹ 232,833.7 ₹ 263,159.0 ₹ 273,045.6
Sales Growth - 23.33% 13.02% 3.76%

COGS ₹ 142,238.7 ₹ 180,131.1 ₹ 202,856.9 ₹ 205,509.1

COGS % Sales 75.34% 77.36% 77.09% 75.27%

Gross Profit ₹ 46,553.95 ₹ 52,702.60 ₹ 60,302.10 ₹ 67,536.53

Gross Margins 24.66% 22.64% 22.91% 24.73%

Selling & General Expenses ₹ 21,957.97 ₹ 17,849.24 ₹ 21,063.45 ₹ 29,141.28

S&G Exp % Sales 11.63% 7.67% 8.00% 10.67%

EBITDA ₹ 24,595.98 ₹ 34,853.36 ₹ 39,238.65 ₹ 38,395.25

EBITDA Margins 13.03% 14.97% 14.91% 14.06%

Interest ₹ 3,560.25 ₹ 4,749.44 ₹ 4,861.49 ₹ 4,889.08

Interest % Sales 1.89% 2.04% 1.85% 1.79%

Depreciation ₹ 7,601.28 ₹ 11,078.16 ₹ 13,388.63 ₹ 16,710.78

Depreciation%Sales 4.03% 4.76% 5.09% 6.12%

Earnings Before Tax ₹ 13,434.45 ₹ 19,025.76 ₹ 20,988.53 ₹ 16,795.39

EBT % Sales 7.12% 8.17% 7.98% 6.15%

Tax ₹ 3,776.7 ₹ 4,764.8 ₹ 7,642.9 ₹ 3,025.1

Effective Tax Rate 28.11% 25.04% 36.41% 18.01%

Net Profit ₹ 9,657.8 ₹ 14,261.0 ₹ 13,345.6 ₹ 13,770.3

Net Margins 5.12% 6.12% 5.07% 5.04%

No of Equity Shares 285.72 288.74 288.74 288.72

Earnings per Share ₹ 33.80 ₹ 49.39 ₹ 46.22 ₹ 47.69

EPS Growth % 46.12% -6.42% 3.19%

Dividend per Share ₹ 2.23 ₹ 2.23 - ₹ 0.2

Dividend payout ratio 6.61% 4.51% 0.00% 0.49%

Retained Earnings 93.39% 95.49% 100.00% 99.51%

# Balance Sheet
Equity Share Capital ₹ 638.1 ₹ 643.8 ₹ 643.8 ₹ 679.2
Reserves ₹ 36,999.2 ₹ 64,959.7 ₹ 55,618.1 ₹ 78,273.2
Borrowings ₹ 53,715.7 ₹ 60,642.3 ₹ 73,610.4 ₹ 69,360.0
Other Liabilities ₹ 76,977.0 ₹ 92,180.3 ₹ 107,442.5 ₹ 114,871.8
Total Liabilities ₹ 168,330.0 ₹ 218,426.0 ₹ 237,314.8 ₹ 263,184.1

Fixed Assets Net Block ₹ 55,511.7 ₹ 69,091.7 ₹ 88,479.5 ₹ 107,231.8

Capital Work in Progress ₹ 18,453.6 ₹ 33,262.6 ₹ 28,640.1 ₹ 25,918.9
Investments ₹ 8,764.7 ₹ 10,686.7 ₹ 15,336.7 ₹ 23,767.0
Other Assets ₹ 32,488.8 ₹ 37,828.2 ₹ 30,891.2 ₹ 29,579.4
Total Non Current Assets ₹ 115,218.8 ₹ 150,869.1 ₹ 163,347.5 ₹ 186,497.1

Receivables ₹ 10,959.6 ₹ 10,574.2 ₹ 12,579.2 ₹ 13,570.9

Inventory ₹ 21,036.8 ₹ 27,270.9 ₹ 29,272.3 ₹ 32,655.7
Cash & Bank ₹ 21,114.8 ₹ 29,711.8 ₹ 32,115.8 ₹ 30,460.4
Total Current Assets ₹ 53,111.2 ₹ 67,556.9 ₹ 73,967.3 ₹ 76,687.0

Total Assets ₹ 168,330.0 ₹ 218,426.0 ₹ 237,314.8 ₹ 263,184.1

Check 1 1 1 1

# Cash Flow Statements

Cash from Operating Activities ₹ 22,162.6 ₹ 36,151.2 ₹ 35,531.3 ₹ 37,899.5

Cash from Investing Activities (₹ 22,969.5) (₹ 27,990.9) (₹ 36,232.4) (₹ 36,693.9)

Cash from Financing Activities (₹ 1,692.1) (₹ 3,883.2) ₹ 5,201.4 (₹ 3,795.1)

Net Cash Flow (₹ 2,498.9) ₹ 4,277.0 ₹ 4,500.4 (₹ 2,589.5)

al Financial Statement - TATA MOTORS LTD
Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 LTM

₹ 269,692.5 ₹ 291,550.5 ₹ 301,938.4 ₹ 261,068.0 ₹ 249,794.8 ₹ 278,453.6 ₹ 302,214.4

-1.23% 8.10% 3.56% -13.54% -4.32% 11.47% 8.53%

₹ 205,454.2 ₹ 228,429.8 ₹ 242,845.5 ₹ 210,376.1 ₹ 195,326.0 ₹ 223,300.0 ₹ 278,868.5

76.18% 78.35% 80.43% 80.58% 78.19% 80.19% 92.28%

₹ 64,238.27 ₹ 63,120.65 ₹ 59,092.87 ₹ 50,691.90 ₹ 54,468.71 ₹ 55,153.61 ₹ 23,345.85

23.82% 21.65% 19.57% 19.42% 21.81% 19.81% 7.72%

₹ 34,649.58 ₹ 31,662.97 ₹ 34,428.54 ₹ 32,704.83 ₹ 22,181.28 ₹ 30,433.52

12.85% 10.86% 11.40% 12.53% 8.88% 10.93% 0.00%

₹ 29,588.69 ₹ 31,457.68 ₹ 24,664.33 ₹ 17,987.07 ₹ 32,287.43 ₹ 24,720.09 ₹ 27,983.82

10.97% 10.79% 8.17% 6.89% 12.93% 8.88% 9.26%

₹ 4,238.01 ₹ 4,681.79 ₹ 5,758.60 ₹ 7,243.33 ₹ 8,097.17 ₹ 9,311.86 ₹ 9,689.24

1.57% 1.61% 1.91% 2.77% 3.24% 3.34% 3.21%

₹ 17,904.99 ₹ 21,553.59 ₹ 23,590.63 ₹ 21,425.43 ₹ 23,546.71 ₹ 24,835.69 ₹ 24,248.62

6.64% 7.39% 7.81% 8.21% 9.43% 8.92% 8.02%

₹ 7,445.69 ₹ 5,222.30 (₹ 4,684.9) (₹ 10,681.7) ₹ 643.5 (₹ 9,427.5) (₹ 5,954.0)

2.76% 1.79% -1.55% -4.09% 0.26% -3.39% -1.97%

₹ 3,251.2 ₹ 4,341.9 (₹ 2,437.5) ₹ 395.3 ₹ 2,541.9 ₹ 4,231.3 ₹ 2,546.2

43.67% 83.14% 52.03% -3.70% 394.97% -44.88% -42.76%

₹ 4,194.5 ₹ 880.4 (₹ 2,247.4) (₹ 11,076.9) (₹ 1,898.3) (₹ 13,658.8) (₹ 8,500.2)

1.56% 0.30% -0.74% -4.24% -0.76% -4.91% -2.81%

288.73 288.73 288.73 308.9 332.03 332.07 332.07

₹ 14.53 ₹ 3.05 -₹ 7.78 -₹ 35.86 -₹ 5.72 -₹ 41.13 -₹ 25.60

-69.54% -79.01% -355.28% 360.68% -84.06% 619.43% -37.77%

- - - - - - -
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

100.00% 100.00% 0.00% 0.00% 0.00% 0.00% 0.00%

 ₹ 679.2 ₹ 679.2 ₹ 679.2 ₹ 719.5 ₹ 765.8 ₹ 765.9
₹ 57,382.7 ₹ 94,748.7 ₹ 59,500.3 ₹ 61,491.5 ₹ 54,480.9 ₹ 43,795.4
₹ 78,604.0 ₹ 88,950.5 ₹ 106,175.3 ₹ 124,787.6 ₹ 142,130.6 ₹ 146,449.0
₹ 135,914.5 ₹ 142,813.4 ₹ 139,348.6 ₹ 133,180.7 ₹ 144,192.6 ₹ 138,051.2
₹ 272,580.4 ₹ 327,191.8 ₹ 305,703.5 ₹ 320,179.4 ₹ 341,569.9 ₹ 329,061.5

₹ 95,944.1 ₹ 121,413.9 ₹ 111,234.5 ₹ 127,107.1 ₹ 138,707.6 ₹ 138,855.5

₹ 33,698.8 ₹ 40,033.5 ₹ 31,883.8 ₹ 35,622.3 ₹ 20,963.9 ₹ 10,251.1
₹ 20,337.9 ₹ 20,812.8 ₹ 15,770.7 ₹ 16,308.5 ₹ 24,620.3 ₹ 29,379.5
₹ 37,360.8 ₹ 48,286.9 ₹ 56,155.7 ₹ 58,784.9 ₹ 61,718.0 ₹ 62,223.8
₹ 187,341.6 ₹ 230,547.0 ₹ 215,044.8 ₹ 237,822.9 ₹ 246,009.8 ₹ 240,709.8

₹ 14,075.6 ₹ 19,893.3 ₹ 18,996.2 ₹ 11,172.7 ₹ 12,679.1 ₹ 12,442.1

₹ 35,085.3 ₹ 42,137.6 ₹ 39,013.7 ₹ 37,456.9 ₹ 36,088.6 ₹ 35,240.3
₹ 36,077.9 ₹ 34,613.9 ₹ 32,648.8 ₹ 33,727.0 ₹ 46,792.5 ₹ 40,669.2
₹ 85,238.7 ₹ 96,644.8 ₹ 90,658.7 ₹ 82,356.5 ₹ 95,560.1 ₹ 88,351.7

₹ 272,580.4 ₹ 327,191.8 ₹ 305,703.5 ₹ 320,179.4 ₹ 341,569.9 ₹ 329,061.5

1 1 1 1 1 1

₹ 30,199.3 ₹ 23,857.4 ₹ 18,890.8 ₹ 26,632.9 ₹ 29,000.5 ₹ 14,282.8

(₹ 39,571.4) (₹ 25,139.1) (₹ 20,878.1) (₹ 33,114.6) (₹ 25,672.5) (₹ 4,443.7)

₹ 6,205.3 ₹ 2,011.7 ₹ 8,830.4 ₹ 3,389.6 ₹ 9,904.2 (₹ 3,380.2)

(₹ 3,166.9) ₹ 730.0 ₹ 6,843.1 (₹ 3,092.0) ₹ 13,232.2 ₹ 6,459.0

 Ratio Analysis of - TATA MOTORS LTD
Years Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18

SalesGrowth 23.33% 13.02% 3.76% -1.23% 8.10%

EBITDA Growth 41.70% 12.58% -2.15% -22.94% 6.32%
EBIT Growth 41.62% 10.32% -19.98% -55.67% -29.86%
Net Profit Growth 47.66% -6.42% 3.18% -69.54% -79.01%
Dividend Growth -0.16% -100.00% 0.00% -100.00% 0.00%

Gross Margin 24.66% 22.64% 22.91% 24.73% 23.82% 21.65%

EBITDA Margin 13.03% 14.97% 14.91% 14.06% 10.97% 10.79%
EBIT Margin 9.00% 10.21% 9.82% 7.94% 4.33% 3.40%
EBT Margin 7.12% 8.17% 7.98% 6.15% 2.76% 1.79%
Net Profit Margin 5.12% 6.12% 5.07% 5.04% 1.56% 0.30%

SalesExpenses%Sales 11.63% 7.67% 8.00% 10.67% 12.85% 10.86%

Depreciation%Sales 4.03% 4.76% 5.09% 6.12% 6.64% 7.39%
OperatingIncome%Sales 9.00% 10.21% 9.82% 7.94% 4.33% 3.40%

Return on Capital Employed 18.60% 18.83% 19.90% 14.62% 8.55% 5.37%

Retained Earnings% 93.39% 95.49% 100.00% 99.51% 100.00% 100.00%
Return on Equity% 25.66% 21.74% 23.72% 17.44% 7.22% 0.92%
Self Sustained Growth Rate 23.96% 20.76% 23.72% 17.36% 7.22% 0.92%
Interest Coverage Ratio 4.77x 5.01x 5.32x 4.44x 2.76x 2.12x

Debtor Turnover Ratio 17.23x 22.02x 20.92x 20.12x 19.16x 14.66x

Creditor Turnover Ratio 2.45x 2.53x 2.45x 2.38x 1.98x 2.04x
Inventory Turnover 8.97x 8.54x 8.99x 8.36x 7.69x 6.92x
Fixed Asset Turnover 3.40x 3.37x 2.97x 2.55x 2.81x 2.40x
Capital Turnover Ratio 5.02x 3.55x 4.68x 3.46x 4.64x 3.06x

Debtor Days 21 17 17 18 19 25
Payable Days 149 145 149 154 184 179
Inventory Days 41 43 41 44 47 53
Cash Conversion Cycle (in days) -87 -85 -91 -92 -117 -101

CFO/Sales 11.74% 15.53% 13.50% 13.88% 11.20% 8.18%

CFO/Total Assets 13.17% 16.55% 14.97% 14.40% 11.08% 7.29%
CFO/Total Debt 41.26% 59.61% 48.27% 54.64% 38.42% 26.82%
TATA MOTORS LTD
Mar-19 Mar-20 Mar-21 Mar-22 Trend Mean Median

3.56% -13.54% -4.32% 11.47% 4.91% 3.76%

-21.60% -27.07% 79.50% -23.44% 4.77% -2.15%
-189.71% 128.00% -106.02% -1564.91% -198.47% -29.86%
-355.28% 392.87% -82.86% 619.52% 52.24% -6.42%
0.00% 0.00% 0.00% 0.00% -22.24% 0.00%

19.57% 19.42% 21.81% 19.81% 22.10% 22.22%

8.17% 6.89% 12.93% 8.88% 11.56% 11.95%
0.36% -1.32% 3.50% -0.04% 4.72% 3.92%
-1.55% -4.09% 0.26% -3.39% 2.52% 2.28%
-0.74% -4.24% -0.76% -4.91% 1.26% 0.93%

11.40% 12.53% 8.88% 10.93% 10.54% 10.89%

7.81% 8.21% 9.43% 8.92% 6.84% 7.02%
0.36% -1.32% 3.50% -0.04% 4.72% 3.92%

0.65% -1.84% 4.43% -0.06% 8.91% 6.96%

0.00% 0.00% 0.00% 0.00% 58.84% 94.44%
-3.73% -17.81% -3.44% -30.65% 4.11% 4.07%
0.00% 0.00% 0.00% 0.00% 9.39% 4.07%
0.19x -0.47x 1.08x -0.01x 2.52x 2.44x

15.89x 23.37x 19.70x 22.38x 19.54x 19.91x

2.17x 1.96x 1.73x 2.02x 2.17x 2.10x
7.74x 6.97x 6.92x 7.90x 7.90x 7.82x
2.71x 2.05x 1.80x 2.01x 2.61x 2.63x
5.02x 4.20x 4.52x 6.25x 4.44x 4.58x

23 16 19 16 19 18
168 186 211 181 170 174
47 52 53 46 47 47
-98 -118 -139 -118 -105 -100

6.26% 10.20% 11.61% 5.13% 10.72% 11.40%

6.18% 8.32% 8.49% 4.34% 10.48% 9.78%
17.79% 21.34% 20.40% 9.75% 33.83% 32.62%
COMPANY NAME TATA MOTORS LTD
LATEST VERSION 2.10 PLEASE DO NOT MAKE A
CURRENT VERSION 2.10

META
Number of shares 358.59
Face Value 2
Current Price 411.5
Market Capitalization 147559.41

PROFIT & LOSS 32,432.08

Report Date Mar-13 Mar-14 Mar-15 Mar-16 Mar-17
Sales 188792.69 232833.66 263158.98 273045.6 269692.51
Raw Material Cost 123117.34 146426.99 163250.36 166134.01 173294.08
Change in Inventory 3029.29 2840.58 3330.35 2750.99 7399.92
Power and Fuel 1077.77 1128.69 1121.75 1143.63 1159.82
Other Mfr. Exp 4440.73 13806.04 16173.17 12101.53 10067.37
Employee Cost 16632.19 21609.92 25641.95 28880.89 28332.89
Selling and admin 16632.91 22357.79 23603.01 21991.9 30039.38
Other Expenses 5325.06 -4508.55 -2539.56 7149.38 4610.2
Other Income 212.88 -156.79 714.03 -2669.62 1869.1
Depreciation 7601.28 11078.16 13388.63 16710.78 17904.99
Interest 3560.25 4749.44 4861.49 4889.08 4238.01
Profit before tax 13647.33 18868.97 21702.56 14125.77 9314.79
Tax 3776.66 4764.79 7642.91 3025.05 3251.23
Net profit 9892.61 13991.02 13986.29 11579.31 7454.36
Dividend Amount 638.07 643.78 67.92
Effective Tax Rate 28% 25% 35% 21% 35%

EBITDA 24,830.80 34,583.41 39,879.32 36,204.22 32,848.59

Quarters
Report Date Jun-20 Sep-20 Dec-20 Mar-21 Jun-21
Sales 31983.06 53530 75653.79 88627.9 66406.45
Expenses 31300.36 47431.7 63521.09 75254.17 61163.78
Other Income 609.75 638.1 289.37 -12655.05 584.12
Depreciation 5599.37 5601.47 6128.75 6217.12 6202.13
Interest 1876.81 1949.6 2125.93 2144.83 2203.3
Profit before tax -6183.73 -814.67 4167.39 -7643.27 -2578.64
Tax 2200.49 -471.39 945.18 -132.42 1741.96
Net profit -8437.99 -314.45 2906.45 -7605.4 -4450.92
Operating Profit 682.7 6098.3 12132.7 13373.73 5242.67
EBITDA 1,238.68 6,765.23 12,106.31 624.13 5,696.47

BALANCE SHEET
Report Date Mar-13 Mar-14 Mar-15 Mar-16 Mar-17
Equity Share Capital 638.07 643.78 643.78 679.18 679.22
Reserves 36999.23 64959.67 55618.14 78273.23 57382.67
Borrowings 53715.71 60642.28 73610.39 69359.96 78603.98
Other Liabilities 76977.02 92180.26 107442.48 114871.75 135914.49
Total 168330.03 218425.99 237314.79 263184.12 272580.36
Net Block 55511.73 69091.67 88479.49 107231.76 95944.08
Capital Work in Progress 18453.55 33262.56 28640.09 25918.94 33698.84
Investments 8764.73 10686.67 15336.74 23767.02 20337.92
Other Assets 85600.02 105385.09 104858.47 106266.4 122599.52
Total 168330.03 218425.99 237314.79 263184.12 272580.36
Receivables 10959.6 10574.23 12579.2 13570.91 14075.55
Inventory 21036.82 27270.89 29272.34 32655.73 35085.31
Cash & Bank 21114.82 29711.79 32115.76 30460.4 36077.88
No. of Equity Shares 3190115771 3218930000 3218930067 3395930306 3396100719
New Bonus Shares
Face value 2 2 2 2 2

CASH FLOW:
Report Date Mar-13 Mar-14 Mar-15 Mar-16 Mar-17
Cash from Operating Activity 22162.61 36151.16 35531.26 37899.54 30199.25
Cash from Investing Activity -22969.45 -27990.91 -36232.35 -36693.9 -39571.4
Cash from Financing Activity -1692.08 -3883.24 5201.44 -3795.12 6205.3
Net Cash Flow -2498.92 4277.01 4500.35 -2589.48 -3166.85

PRICE: 266.3 394.42 544.37 386.6 465.85

DERIVED:
Adjusted Equity Shares in Cr 285.72 288.74 288.74 288.72 288.73
PLEASE DO NOT MAKE ANY CHANGES TO THIS SHEET

29,129.19
Mar-18 Mar-19 Mar-20 Mar-21 Mar-22
291550.48 301938.4 261067.97 249794.75 278453.62
187896.58 194267.91 164899.82 153607.36 179295.33
2046.58 -2053.28 -2231.19 -4684.16 -1590.49
1308.08 1585.93 1264.95 1112.87 2178.29
10971.66 11694.54 11541.51 8273.17 9427.38
30300.09 33243.87 30438.6 27648.48 30808.52
31004.58 32719.8 29248.32 23015.79 29205.4
658.39 1708.74 3456.51 -834.51 1228.12
5932.73 -26686.25 101.71 -11117.83 2424.05
21553.59 23590.63 21425.43 23546.71 24835.69
4681.79 5758.6 7243.33 8097.17 9311.86
11155.03 -31371.15 -10579.98 -10474.28 -7003.41
4341.93 -2437.45 395.25 2541.86 4231.29
8988.91 -28826.23 -12070.85 -13451.39 -11441.47

39% 8% -4% -24% -60%

39,566.22 -1,914.45 16,993.16 20,734.35 26,937.37

Sep-21 Dec-21 Mar-22 Jun-22 Sep-22

61378.82 72229.29 78439.06 71934.66 79611.37
57262.21 65151.27 70156.27 69521.93 74039.06
862.46 788.73 188.74 2380.98 1351.14
6123.32 6078.13 6432.11 5841.04 5897.34
2327.3 2400.74 2380.52 2420.72 2487.26
-3471.55 -612.12 -341.1 -3468.05 -1461.15
1005.06 726.05 758.22 1518.96 -457.08
-4441.57 -1516.14 -1032.84 -5006.6 -944.61
4116.61 7078.02 8282.79 2412.73 5572.31
5,014.11 7,688.78 8,538.01 4,774.12 6,982.91

Mar-18 Mar-19 Mar-20 Mar-21 Mar-22

 679.22 679.22 719.54 765.81 765.88
94748.69 59500.34 61491.49 54480.91 43795.36
88950.47 106175.34 124787.64 142130.57 146449.03
142813.43 139348.59 133180.72 144192.62 138051.22
327191.81 305703.49 320179.39 341569.91 329061.49
121413.86 111234.47 127107.14 138707.61 138855.45
40033.5 31883.84 35622.29 20963.93 10251.09
20812.75 15770.72 16308.48 24620.28 29379.53
144931.7 146814.46 141141.48 157278.09 150575.42
327191.81 305703.49 320179.39 341569.91 329061.49
19893.3 18996.17 11172.69 12679.08 12442.12
42137.63 39013.73 37456.88 36088.59 35240.34
34613.91 32648.82 33726.97 46792.46 40669.19
3396100719 3396100719 3597726185 3829060661 3829414903

2 2 2 2 2
-4,101.26 22,304.78 17,441.51 6,045.18

Mar-18 Mar-19 Mar-20 Mar-21 Mar-22

23857.42 18890.75 26632.94 29000.51 14282.83
-25139.14 -20878.07 -33114.55 -25672.5 -4443.66
2011.71 8830.37 3389.61 9904.2 -3380.17
729.99 6843.05 -3092 13232.21 6459

326.85 174.25 71.05 301.8 433.75

288.73 288.73 308.90 332.03 332.07