Historical Financial Statement - TATA MOTORS LTD

Years Mar-14 Mar-15 Mar-16 Mar-17 Mar-18

# Income Statement
Sales ₹ 232,833.7 ₹ 263,159.0 ₹ 273,045.6 ₹ 269,692.5 ₹ 291,550.5
Sales Growth % - 13.02% 3.76% -1.23% 8.10%

COGS ₹ 180,131.1 ₹ 202,856.9 ₹ 205,509.1 ₹ 205,454.2 ₹ 228,429.8

COGS % Sales 77.36% 77.09% 75.27% 76.18% 78.35%

Gross Profit ₹ 52,702.6 ₹ 60,302.1 ₹ 67,536.5 ₹ 64,238.3 ₹ 63,120.6

Gross Margins 22.64% 22.91% 24.73% 23.82% 21.65%

Selling and General Expenses ₹ 17,849.2 ₹ 21,063.4 ₹ 29,141.3 ₹ 34,649.6 ₹ 31,663.0

S&G Exp % Sales 7.67% 8.00% 10.67% 12.85% 10.86%

EBIDTA ₹ 34,853.4 ₹ 39,238.6 ₹ 38,395.2 ₹ 29,588.7 ₹ 31,457.7

EBIDTA % Sales 14.97% 14.91% 14.06% 10.97% 10.79%

Interest ₹ 4,749.4 ₹ 4,861.5 ₹ 4,889.1 ₹ 4,238.0 ₹ 4,681.8

Interest % Sales 2.04% 1.85% 1.79% 1.57% 1.61%

Depreciation ₹ 11,078.2 ₹ 13,388.6 ₹ 16,710.8 ₹ 17,905.0 ₹ 21,553.6

Depreciation % Sales 4.76% 5.09% 6.12% 6.64% 7.39%

Earnings Before Tax ₹ 19,025.8 ₹ 20,988.5 ₹ 16,795.4 ₹ 7,445.7 ₹ 5,222.3

EBT % Sales 8.17% 7.98% 6.15% 2.76% 1.79%

Tax ₹ 4,764.8 ₹ 7,642.9 ₹ 3,025.1 ₹ 3,251.2 ₹ 4,341.9

Effective Tax Rate 25.04% 36.41% 18.01% 43.67% 83.14%

Net Profit ₹ 14,261.0 ₹ 13,345.6 ₹ 13,770.3 ₹ 4,194.5 ₹ 880.4

Net Margins 6.12% 5.07% 5.04% 1.56% 0.30%

Number of Equity Shares 288.74 288.74 288.72 288.73 288.73

Earnings per Share ₹ 49.39 ₹ 46.22 ₹ 47.69 ₹ 14.53 ₹ 3.05

EPS Growth % -6.42% 3.19% -69.54% -79.01%

Dividend per Share ₹ 2.23 ₹ 0.00 ₹ 0.24 ₹ 0.00 ₹ 0.00

Dividend payout ratio 4.51% 0.00% 0.49% 0.00% 0.00%

Retained Earnings 95.49% 100.00% 99.51% 100.00% 100.00%

# Balance Sheet
Equity Share Capital ₹ 643.8 ₹ 643.8 ₹ 679.2 ₹ 679.2 ₹ 679.2
 Reserves ₹ 64,959.7 ₹ 55,618.1 ₹ 78,273.2 ₹ 57,382.7 ₹ 94,748.7
Borrowings ₹ 60,642.3 ₹ 73,610.4 ₹ 69,360.0 ₹ 78,604.0 ₹ 88,950.5
Other Liabilities ₹ 92,180.3 ₹ 107,442.5 ₹ 114,871.8 ₹ 135,914.5 ₹ 142,813.4
Total Liabilities ₹ 218,426.0 ₹ 237,314.8 ₹ 263,184.1 ₹ 272,580.4 ₹ 327,191.8

Fixed Assets Net Block ₹ 69,091.7 ₹ 88,479.5 ₹ 107,231.8 ₹ 95,944.1 ₹ 121,413.9

Capital Work in Progress ₹ 33,262.6 ₹ 28,640.1 ₹ 25,918.9 ₹ 33,698.8 ₹ 40,033.5
Investments ₹ 10,686.7 ₹ 15,336.7 ₹ 23,767.0 ₹ 20,337.9 ₹ 20,812.8
Other Assets ₹ 37,828.2 ₹ 30,891.2 ₹ 29,579.4 ₹ 37,360.8 ₹ 48,286.9
Total Non Current Assets ₹ 150,869.1 ₹ 163,347.5 ₹ 186,497.1 ₹ 187,341.6 ₹ 230,547.0

Receivables ₹ 10,574.2 ₹ 12,579.2 ₹ 13,570.9 ₹ 14,075.6 ₹ 19,893.3

Inventory ₹ 27,270.9 ₹ 29,272.3 ₹ 32,655.7 ₹ 35,085.3 ₹ 42,137.6
Cash & Bank ₹ 29,711.8 ₹ 32,115.8 ₹ 30,460.4 ₹ 36,077.9 ₹ 34,613.9
Total Current Assets ₹ 67,556.9 ₹ 73,967.3 ₹ 76,687.0 ₹ 85,238.7 ₹ 96,644.8

Total Assets ₹ 218,426.0 ₹ 237,314.8 ₹ 263,184.1 ₹ 272,580.4 ₹ 327,191.8

Check 1 TRUE TRUE TRUE TRUE

# Cash Flow Statement

Operating Activities
Profit from operations ₹ 36,303.0 ₹ 43,397.0 ₹ 38,626.0 ₹ 28,840.0 ₹ 33,312.0
Receivables ₹ 445.0 (₹ 3,179.0) (₹ 2,223.0) (₹ 4,152.0) (₹ 10,688.0)
Inventory (₹ 2,853.0) (₹ 3,692.0) (₹ 5,743.0) (₹ 6,621.0) (₹ 3,560.0)
Payables ₹ 4,694.0 ₹ 3,598.0 ₹ 3,947.0 ₹ 9,301.0 ₹ 7,320.0
Loans Advances ₹ 0.0 ₹ 0.0 (₹ 520.0) ₹ 0.0 ₹ 0.0
Other WC items ₹ 1,870.0 (₹ 398.0) ₹ 5,852.0 ₹ 4,727.0 ₹ 494.0
Direct taxes (₹ 4,308.0) (₹ 4,194.0) (₹ 2,040.0) (₹ 1,895.0) (₹ 3,021.0)
Cash from Operating Activities ₹ 36,151.0 ₹ 35,532.0 ₹ 37,899.0 ₹ 30,200.0 ₹ 23,857.0

Investing Activities
Fixed assets purchased (₹ 26,975.0) (₹ 31,962.0) (₹ 31,503.0) (₹ 16,072.0) (₹ 35,079.0)
Fixed assets sold ₹ 50.0 ₹ 74.0 ₹ 59.0 ₹ 53.0 ₹ 30.0
Investments purchased (₹ 429.0) (₹ 5,461.0) (₹ 4,728.0) (₹ 6.0) (₹ 329.0)
Investments sold ₹ 4.0 ₹ 42.0 ₹ 89.0 ₹ 1,965.0 ₹ 2,381.0
Interest received ₹ 653.0 ₹ 698.0 ₹ 731.0 ₹ 638.0 ₹ 690.0
Dividends received ₹ 40.0 ₹ 80.0 ₹ 58.0 ₹ 620.0 ₹ 1,797.0
Invest in subsidiaries ₹ 0.0 ₹ 0.0 ₹ 0.0 ₹ 0.0 ₹ 0.0
Investment in group cos ₹ 0.0 (₹ 160.0) ₹ 0.0 (₹ 107.0) (₹ 4.0)
Redemp n Canc of Shares ₹ 0.0 ₹ 0.0 ₹ 0.0 ₹ 0.0 ₹ 14.0
Acquisition of companies (₹ 185.0) ₹ 0.0 (₹ 111.0) ₹ 0.0 ₹ 0.0
Inter corporate deposits ₹ 0.0 ₹ 0.0 ₹ 0.0 ₹ 0.0 ₹ 0.0
Other investing items (₹ 1,149.0) ₹ 456.0 (₹ 1,289.0) (₹ 26,663.0) ₹ 5,360.0
Cash from Investing Activities (₹ 27,991.0) (₹ 36,233.0) (₹ 36,694.0) (₹ 39,572.0) (₹ 25,140.0)
Financing Activities
Proceeds from shares ₹ 0.0 ₹ 0.0 ₹ 7,433.0 ₹ 5.0 ₹ 0.0
Redemption of debentures (₹ 658.0) (₹ 744.0) ₹ 0.0 ₹ 0.0 ₹ 0.0
Proceeds from borrowings ₹ 33,258.0 ₹ 36,363.0 ₹ 19,519.0 ₹ 33,390.0 ₹ 37,482.0
Repayment of borrowings (₹ 29,141.0) (₹ 23,332.0) (₹ 24,924.0) (₹ 21,732.0) (₹ 29,964.0)
Interest paid fin (₹ 6,171.0) (₹ 6,307.0) (₹ 5,716.0) (₹ 5,336.0) (₹ 5,411.0)
Dividends paid (₹ 722.0) (₹ 720.0) (₹ 108.0) (₹ 121.0) (₹ 96.0)
Financial liabilities ₹ 0.0 ₹ 0.0 ₹ 0.0 ₹ 0.0 ₹ 0.0
Other financing items (₹ 450.0) (₹ 57.0) ₹ 0.0 ₹ 0.0 ₹ 0.0
Cash from Financing Activities (₹ 3,884.0) ₹ 5,203.0 (₹ 3,796.0) ₹ 6,206.0 ₹ 2,011.0

Net Cash Flow ₹ 4,276.0 ₹ 4,502.0 (₹ 2,591.0) (₹ 3,166.0) ₹ 728.0

tement - TATA MOTORS LTD
Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 LTM

₹ 301,938.4 ₹ 261,068.0 ₹ 249,794.8 ₹ 278,453.6 ₹ 345,967.0 ₹ 376,268.4

3.56% -13.54% -4.32% 11.47% 24.25% 8.76%

₹ 242,845.5 ₹ 210,376.1 ₹ 195,326.0 ₹ 223,300.0 ₹ 274,403.6 ₹ 333,543.7

80.43% 80.58% 78.19% 80.19% 79.31% 88.65%

₹ 59,092.9 ₹ 50,691.9 ₹ 54,468.7 ₹ 55,153.6 ₹ 71,563.3 ₹ 42,724.7

19.57% 19.42% 21.81% 19.81% 20.69% 11.35%

₹ 34,428.5 ₹ 32,704.8 ₹ 22,181.3 ₹ 30,433.5 ₹ 39,747.5 ₹ 0.0

11.40% 12.53% 8.88% 10.93% 11.49% 0.00%

₹ 24,664.3 ₹ 17,987.1 ₹ 32,287.4 ₹ 24,720.1 ₹ 31,815.8 ₹ 42,724.7

8.17% 6.89% 12.93% 8.88% 9.20% 11.35%

₹ 5,758.6 ₹ 7,243.3 ₹ 8,097.2 ₹ 9,311.9 ₹ 10,225.5 ₹ 0.0

1.91% 2.77% 3.24% 3.34% 2.96% 0.00%

₹ 23,590.6 ₹ 21,425.4 ₹ 23,546.7 ₹ 24,835.7 ₹ 24,860.4 ₹ 25,652.5

7.81% 8.21% 9.43% 8.92% 7.19% 6.82%

(₹ 4,684.9) (₹ 10,681.7) ₹ 643.5 (₹ 9,427.5) (₹ 3,270.0) ₹ 17,072.2

-1.55% -4.09% 0.26% -3.39% -0.95% 4.54%

(₹ 2,437.5) ₹ 395.3 ₹ 2,541.9 ₹ 4,231.3 ₹ 704.1 ₹ 748.1

52.03% -3.70% 394.97% -44.88% -21.53% 4.38%

(₹ 2,247.4) (₹ 11,076.9) (₹ 1,898.3) (₹ 13,658.7) (₹ 3,974.1) ₹ 16,324.1

-0.74% -4.24% -0.76% -4.91% -1.15% 4.34%

288.73 308.9 332.03 332.07 332.13 0

-₹ 7.78 -₹ 35.86 -₹ 5.72 -₹ 41.13 -₹ 11.97 ₹ 0.00

-355.28% 360.68% -84.06% 619.43% -70.91% -100.00%

₹ 0.00 ₹ 0.00 ₹ 0.00 ₹ 0.00 ₹ 2.31 ₹ 0.00

0.00% 0.00% 0.00% 0.00% -19.28% #DIV/0!

0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

₹ 679.2 ₹ 719.5 ₹ 765.8 ₹ 765.9 ₹ 766.0

 ₹ 59,500.3 ₹ 61,491.5 ₹ 54,480.9 ₹ 43,795.4 ₹ 44,555.8
₹ 106,175.3 ₹ 124,787.6 ₹ 142,130.6 ₹ 146,449.0 ₹ 134,113.4
₹ 139,348.6 ₹ 133,180.7 ₹ 144,192.6 ₹ 138,051.2 ₹ 155,239.2
₹ 305,703.5 ₹ 320,179.4 ₹ 341,569.9 ₹ 329,061.5 ₹ 334,674.4

₹ 111,234.5 ₹ 127,107.1 ₹ 138,707.6 ₹ 138,855.5 ₹ 132,079.8

₹ 31,883.8 ₹ 35,622.3 ₹ 20,963.9 ₹ 10,251.1 ₹ 14,274.5
₹ 15,770.7 ₹ 16,308.5 ₹ 24,620.3 ₹ 29,379.5 ₹ 26,379.2
₹ 56,155.7 ₹ 58,784.9 ₹ 61,718.0 ₹ 62,223.8 ₹ 68,432.1
₹ 215,044.8 ₹ 237,822.9 ₹ 246,009.8 ₹ 240,709.8 ₹ 241,165.5

₹ 18,996.2 ₹ 11,172.7 ₹ 12,679.1 ₹ 12,442.1 ₹ 15,738.0

₹ 39,013.7 ₹ 37,456.9 ₹ 36,088.6 ₹ 35,240.3 ₹ 40,755.4
₹ 32,648.8 ₹ 33,727.0 ₹ 46,792.5 ₹ 40,669.2 ₹ 37,015.6
₹ 90,658.7 ₹ 82,356.5 ₹ 95,560.1 ₹ 88,351.7 ₹ 93,508.9

₹ 305,703.5 ₹ 320,179.4 ₹ 341,569.9 ₹ 329,061.5 ₹ 334,674.4

TRUE TRUE TRUE TRUE TRUE

₹ 28,771.0 ₹ 23,352.0 ₹ 31,198.0 ₹ 26,943.0 ₹ 41,694.0

(₹ 9,109.0) ₹ 9,950.0 (₹ 5,505.0) ₹ 185.0 (₹ 2,213.0)
₹ 2,069.0 ₹ 2,326.0 ₹ 3,814.0 ₹ 472.0 (₹ 5,665.0)
(₹ 4,692.0) (₹ 8,085.0) ₹ 5,748.0 (₹ 7,012.0) ₹ 6,945.0
₹ 0.0 ₹ 0.0 ₹ 0.0 ₹ 0.0 ₹ 0.0
₹ 4,512.0 ₹ 875.0 (₹ 4,150.0) (₹ 4,396.0) (₹ 2,194.0)
(₹ 2,659.0) (₹ 1,785.0) (₹ 2,105.0) (₹ 1,910.0) (₹ 3,179.0)
₹ 18,892.0 ₹ 26,633.0 ₹ 29,000.0 ₹ 14,282.0 ₹ 35,388.0

(₹ 35,304.0) (₹ 29,702.0) (₹ 20,205.0) (₹ 15,168.0) (₹ 19,230.0)

₹ 67.0 ₹ 171.0 ₹ 351.0 ₹ 230.0 ₹ 285.0
(₹ 130.0) (₹ 1,439.0) (₹ 7,530.0) (₹ 3,008.0) (₹ 50.0)
₹ 5,644.0 ₹ 21.0 ₹ 226.0 ₹ 104.0 ₹ 6,895.0
₹ 761.0 ₹ 1,104.0 ₹ 428.0 ₹ 653.0 ₹ 973.0
₹ 232.0 ₹ 21.0 ₹ 18.0 ₹ 32.0 ₹ 46.0
₹ 0.0 ₹ 0.0 ₹ 0.0 ₹ 0.0 ₹ 0.0
(₹ 9.0) (₹ 606.0) (₹ 10.0) ₹ 0.0 ₹ 0.0
₹ 533.0 ₹ 0.0 ₹ 0.0 ₹ 0.0 ₹ 19.0
(₹ 8.0) (₹ 27.0) ₹ 0.0 (₹ 98.0) ₹ 0.0
₹ 0.0 ₹ 0.0 ₹ 0.0 ₹ 0.0 ₹ 0.0
₹ 7,335.0 (₹ 2,659.0) ₹ 1,051.0 ₹ 12,813.0 (₹ 4,357.0)
(₹ 20,879.0) (₹ 33,116.0) (₹ 25,671.0) (₹ 4,442.0) (₹ 15,419.0)
 ₹ 0.0 ₹ 3,889.0 ₹ 2,603.0 ₹ 19.0 ₹ 20.0
₹ 0.0 ₹ 0.0 ₹ 0.0 ₹ 0.0 ₹ 0.0
₹ 51,128.0 ₹ 38,297.0 ₹ 46,641.0 ₹ 46,578.0 ₹ 43,934.0
(₹ 35,198.0) (₹ 29,847.0) (₹ 29,709.0) (₹ 42,816.0) (₹ 62,557.0)
(₹ 7,005.0) (₹ 7,518.0) (₹ 8,123.0) (₹ 9,251.0) (₹ 9,336.0)
(₹ 95.0) (₹ 57.0) (₹ 30.0) (₹ 100.0) (₹ 141.0)
₹ 0.0 (₹ 1,346.0) (₹ 1,477.0) (₹ 1,559.0) (₹ 1,517.0)
₹ 0.0 (₹ 29.0) ₹ 0.0 ₹ 3,750.0 ₹ 3,355.0
₹ 8,830.0 ₹ 3,389.0 ₹ 9,905.0 (₹ 3,379.0) (₹ 26,242.0)

₹ 6,843.0 (₹ 3,094.0) ₹ 13,234.0 ₹ 6,461.0 (₹ 6,273.0)

 Ratio Analysis - TATA MOTORS LTD
Years Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20

Sales Growth 13.02% 3.76% -1.23% 8.10% 3.56% -13.54%

EBITDA Growth 12.58% -2.15% -22.94% 6.32% -21.60% -27.07%
EBIT Growth 10.32% -19.98% -55.67% -29.86% -189.71% 128.00%
Net Profit Growth -6.42% 3.18% -69.54% -79.01% -355.28% 392.87%
Dividend Growth -100.00% 0.00% -100.00% 0.00% 0.00% 0.00%

Gross Margin 22.64% 22.91% 24.73% 23.82% 21.65% 19.57% 19.42%

EBITDA Margin 14.97% 14.91% 14.06% 10.97% 10.79% 8.17% 6.89%
EBIT Margin 10.21% 9.82% 7.94% 4.33% 3.40% 0.36% -1.32%
EBT Margin 8.17% 7.98% 6.15% 2.76% 1.79% -1.55% -4.09%
Net Profit Margin 6.12% 5.07% 5.04% 1.56% 0.30% -0.74% -4.24%

Sales Expenses % Sales 7.67% 8.00% 10.67% 12.85% 10.86% 11.40% 12.53%
Depreciation % Sales 4.76% 5.09% 6.12% 6.64% 7.39% 7.81% 8.21%
Operating Income % Sales 10.21% 9.82% 7.94% 4.33% 3.40% 0.36% -1.32%

Return on Capital Employed 18.83% 19.90% 14.62% 8.55% 5.37% 0.65% -1.84%
Retained Earnings% 95.49% 100.00% 99.51% 100.00% 100.00% 0.00% 0.00%
Return on Equity% 21.74% 23.72% 17.44% 7.22% 0.92% -3.73% -17.81%
Self Sustained Growth Rate 20.76% 23.72% 17.36% 7.22% 0.92% 0.00% 0.00%
Interest Coverage Ratio 5.01x 5.32x 4.44x 2.76x 2.12x 0.19x -0.47x

Debtor Turnover Ratio 22.02x 20.92x 20.12x 19.16x 14.66x 15.89x 23.37x
Creditor Turnover Ratio 2.53x 2.45x 2.38x 1.98x 2.04x 2.17x 1.96x
Inventory Turnover 8.54x 8.99x 8.36x 7.69x 6.92x 7.74x 6.97x
Fixed Asset Turnover 3.37x 2.97x 2.55x 2.81x 2.40x 2.71x 2.05x
Capital Turnover Ratio 3.55x 4.68x 3.46x 4.64x 3.06x 5.02x 4.20x

(in days)
Debtor Days 17 17 18 19 25 23 16
Payable Days 145 149 154 184 179 168 186
Inventory Days 43 41 44 47 53 47 52
Cash Conversion Cycle -85 -91 -92 -117 -101 -98 -118

CFO/Sales 15.53% 13.50% 13.88% 11.20% 8.18% 6.26% 10.20%

CFO/Total Assets 16.55% 14.97% 14.40% 11.08% 7.29% 6.18% 8.32%
CFO/Total Debt 59.61% 48.27% 54.64% 38.42% 26.82% 17.79% 21.34%
TA MOTORS LTD
Mar-21 Mar-22 Mar-23 Trends Mean Median

-4.32% 11.47% 24.25% 5.01% 3.76%

79.50% -23.44% 28.70% 3.32% -2.15%
-106.02% -1564.91% -65.31% -210.35% -55.67%
-82.86% 619.52% -70.90% 39.06% -69.54%
0.00% 0.00% 0.00% -22.22% 0.00%

21.81% 19.81% 20.69% 21.60% 21.73%

12.93% 8.88% 9.20% 10.75% 10.88%
3.50% -0.04% 2.01% 3.33% 3.45%
0.26% -3.39% -0.95% 1.00% 1.02%
-0.76% -4.91% -1.15% 0.02% -0.22%

8.88% 10.93% 11.49% 10.85% 10.89%

9.43% 8.92% 7.19% 7.42% 7.29%
3.50% -0.04% 2.01% 3.33% 3.45%

4.43% -0.06% 3.88% 6.17% 4.90%

0.00% 0.00% 0.00% 44.39% 47.74%
-3.44% -30.65% -8.77% -1.68% -1.26%
0.00% 0.00% 0.00% 5.47% 0.46%
1.08x -0.01x 0.68x 1.79x 1.60x

19.70x 22.38x 21.98x 19.80x 20.52x

1.73x 2.02x 2.23x 2.11x 2.10x
6.92x 7.90x 8.49x 7.78x 7.82x
1.80x 2.01x 2.62x 2.44x 2.58x
4.52x 6.25x 7.63x 4.83x 4.58x

19 16 17 19 18
211 181 164 175 174
53 46 43 47 47
-139 -118 -104 -109 -103

11.61% 5.13% 10.23% 10.02% 10.71%

8.49% 4.34% 10.57% 9.52% 9.53%
20.40% 9.75% 26.39% 29.31% 26.60%
 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17
Cash from Operating Activity - 18,384 22,163 36,151 35,531 37,900 30,199
Profit from operations 22,432 24,406 36,303 43,397 38,626 28,840
Receivables -6,659 -5,177 445 -3,179 -2,223 -4,152
Inventory -2,719 -2,656 -2,853 -3,692 -5,743 -6,621
Payables 5,867 8,132 4,694 3,598 3,947 9,301
Loans Advances 0 0 0 0 -520 0
Other WC items 1,231 -303 1,870 -398 5,852 4,727
Direct taxes -1,768 -2,240 -4,308 -4,194 -2,040 -1,895
Cash from Investing Activity - -19,464 -22,969 -27,991 -36,232 -36,694 -39,571
Fixed assets purchased -13,876 -18,863 -26,975 -31,962 -31,503 -16,072
Fixed assets sold 93 37 50 74 59 53
Investments purchased -5,857 73 -429 -5,461 -4,728 -6
Investments sold 84 34 4 42 89 1,965
Interest received 467 713 653 698 731 638
Dividends received 70 95 40 80 58 620
Invest in subsidiaries -304 0 0 0 0 0
Investment in group cos -9 0 0 -160 0 -107
Redemp n Canc of Shares 0 0 0 0 0 0
Acquisition of companies 0 0 -185 0 -111 0
Inter corporate deposits -3 45 0 0 0 0
Other investing items -129 -5,103 -1,149 456 -1,289 -26,663
Cash from Financing Activity - 6,567 -1,692 -3,883 5,201 -3,795 6,205
Proceeds from shares 139 1 0 0 7,433 5
Redemption of debentures 0 -97 -658 -744 0 0
Proceeds from borrowings 27,462 27,863 33,258 36,363 19,519 33,390
Repayment of borrowings -15,010 -20,395 -29,141 -23,332 -24,924 -21,732
Interest paid fin -3,374 -4,666 -6,171 -6,307 -5,716 -5,336
Dividends paid -1,503 -1,551 -722 -720 -108 -121
Financial liabilities 0 0 0 0 0 0
Other financing items -1,147 -2,849 -450 -57 0 0
Net Cash Flow 5,488 -2,499 4,277 4,500 -2,589 -3,167
Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23
23,857 18,891 26,633 29,001 14,283 35,388
33,312 28,771 23,352 31,198 26,943 41,694
-10,688 -9,109 9,950 -5,505 185 -2,213
-3,560 2,069 2,326 3,814 472 -5,665
7,320 -4,692 -8,085 5,748 -7,012 6,945
0 0 0 0 0 0
494 4,512 875 -4,150 -4,396 -2,194
-3,021 -2,659 -1,785 -2,105 -1,910 -3,179
-25,139 -20,878 -33,115 -25,672 -4,444 -15,417
-35,079 -35,304 -29,702 -20,205 -15,168 -19,230
30 67 171 351 230 285
-329 -130 -1,439 -7,530 -3,008 -50
2,381 5,644 21 226 104 6,895
690 761 1,104 428 653 973
1,797 232 21 18 32 46
0 0 0 0 0 0
-4 -9 -606 -10 0 0
14 533 0 0 0 19
0 -8 -27 0 -98 0
0 0 0 0 0 0
5,360 7,335 -2,659 1,051 12,813 -4,357
2,012 8,830 3,390 9,904 -3,380 -26,243
0 0 3,889 2,603 19 20
0 0 0 0 0 0
37,482 51,128 38,297 46,641 46,578 43,934
-29,964 -35,198 -29,847 -29,709 -42,816 -62,557
-5,411 -7,005 -7,518 -8,123 -9,251 -9,336
-96 -95 -57 -30 -100 -141
0 0 -1,346 -1,477 -1,559 -1,517
0 0 -29 0 3,750 3,355
730 6,843 -3,092 13,232 6,459 -6,272
COMPANY NAME TATA MOTORS LTD
LATEST VERSION 2.10 PLEASE DO
CURRENT VERSION 2.10

META
Number of shares 366.73
Face Value 2.00
Current Price 630.20
Market Capitalization 231,115.49

PROFIT & LOSS

Report Date Mar-14 Mar-15 Mar-16 Mar-17
Sales 232,833.66 263,158.98 273,045.60 269,692.51
Raw Material Cost 146,426.99 163,250.36 166,134.01 173,294.08
Change in Inventory 2,840.58 3,330.35 2,750.99 7,399.92
Power and Fuel 1,128.69 1,121.75 1,143.63 1,159.82
Other Mfr. Exp 13,806.04 16,173.17 12,101.53 10,067.37
Employee Cost 21,609.92 25,641.95 28,880.89 28,332.89
Selling and admin 22,357.79 23,603.01 21,991.90 30,039.38
Other Expenses -4,508.55 -2,539.56 7,149.38 4,610.20
Other Income -156.79 714.03 -2,669.62 1,869.10
Depreciation 11,078.16 13,388.63 16,710.78 17,904.99
Interest 4,749.44 4,861.49 4,889.08 4,238.01
Profit before tax 18,868.97 21,702.56 14,125.77 9,314.79
Tax 4,764.79 7,642.91 3,025.05 3,251.23
Net profit 13,991.02 13,986.29 11,579.31 7,454.36
Dividend Amount 643.78 67.92

Quarters
Report Date Mar-21 Jun-21 Sep-21 Dec-21
Sales 88,627.90 66,406.45 61,378.82 72,229.29
Expenses 75,254.17 61,163.78 57,262.21 65,151.27
Other Income -12,655.05 584.12 862.46 788.73
Depreciation 6,217.12 6,202.13 6,123.32 6,078.13
Interest 2,144.83 2,203.30 2,327.30 2,400.74
Profit before tax -7,643.27 -2,578.64 -3,471.55 -612.12
Tax -132.42 1,741.96 1,005.06 726.05
Net profit -7,605.40 -4,450.92 -4,441.57 -1,516.14
Operating Profit 13,373.73 5,242.67 4,116.61 7,078.02

BALANCE SHEET
Report Date Mar-14 Mar-15 Mar-16 Mar-17
Equity Share Capital 643.78 643.78 679.18 679.22
Reserves 64,959.67 55,618.14 78,273.23 57,382.67
Borrowings 60,642.28 73,610.39 69,359.96 78,603.98
Other Liabilities 92,180.26 107,442.48 114,871.75 135,914.49
Total 218,425.99 237,314.79 263,184.12 272,580.36
Net Block 69,091.67 88,479.49 107,231.76 95,944.08
Capital Work in Progress 33,262.56 28,640.09 25,918.94 33,698.84
Investments 10,686.67 15,336.74 23,767.02 20,337.92
Other Assets 105,385.09 104,858.47 106,266.40 122,599.52
Total 218,425.99 237,314.79 263,184.12 272,580.36
Receivables 10,574.23 12,579.20 13,570.91 14,075.55
Inventory 27,270.89 29,272.34 32,655.73 35,085.31
Cash & Bank 29,711.79 32,115.76 30,460.40 36,077.88
No. of Equity Shares ### ### ### ###
New Bonus Shares
Face value 2.00 2.00 2.00 2.00

CASH FLOW:
Report Date Mar-14 Mar-15 Mar-16 Mar-17
Cash from Operating Activity 36,151.16 35,531.26 37,899.54 30,199.25
Cash from Investing Activity -27,990.91 -36,232.35 -36,693.90 -39,571.40
Cash from Financing Activity -3,883.24 5,201.44 -3,795.12 6,205.30
Net Cash Flow 4,277.01 4,500.35 -2,589.48 -3,166.85

PRICE: 394.42 544.37 386.60 465.85

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

Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23

291,550.48 301,938.40 261,067.97 249,794.75 278,453.62 345,966.97
187,896.58 194,267.91 164,899.82 153,607.36 179,295.33 231,251.26
2,046.58 -2,053.28 -2,231.19 -4,684.16 -1,590.49 4,781.62
1,308.08 1,585.93 1,264.95 1,112.87 2,178.29 2,513.33
10,971.66 11,694.54 11,541.51 8,273.17 9,427.38 11,765.97
30,300.09 33,243.87 30,438.60 27,648.48 30,808.52 33,654.70
31,004.58 32,719.80 29,248.32 23,015.79 29,205.40 34,839.19
658.39 1,708.74 3,456.51 -834.51 1,228.12 4,908.34
5,932.73 -26,686.25 101.71 -11,117.83 2,424.05 6,327.59
21,553.59 23,590.63 21,425.43 23,546.71 24,835.69 24,860.36
4,681.79 5,758.60 7,243.33 8,097.17 9,311.86 10,225.48
11,155.03 -31,371.15 -10,579.98 -10,474.28 -7,003.41 3,057.55
4,341.93 -2,437.45 395.25 2,541.86 4,231.29 704.06
8,988.91 -28,826.23 -12,070.85 -13,451.39 -11,441.47 2,414.29
766.02

Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23

78,439.06 71,934.66 79,611.37 88,488.59 105,932.35 102,236.08
70,156.27 69,521.93 74,039.06 77,668.35 92,817.95 89,018.36
188.74 2,380.98 1,351.14 1,129.98 1,361.61 683.56
6,432.11 5,841.04 5,897.34 6,071.78 7,050.20 6,633.18
2,380.52 2,420.72 2,487.26 2,675.83 2,641.67 2,615.39
-341.10 -3,468.05 -1,461.15 3,202.61 4,784.14 4,652.71
758.22 1,518.96 -457.08 262.83 -620.65 1,563.01
 -1,032.84 -5,006.60 -944.61 2,957.71 5,407.79 3,202.80
8,282.79 2,412.73 5,572.31 10,820.24 13,114.40 13,217.72

Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23

679.22 679.22 719.54 765.81 765.88 766.02
94,748.69 59,500.34 61,491.49 54,480.91 43,795.36 44,555.77
88,950.47 106,175.34 124,787.64 142,130.57 146,449.03 134,113.44
142,813.43 139,348.59 133,180.72 144,192.62 138,051.22 155,239.20
327,191.81 305,703.49 320,179.39 341,569.91 329,061.49 334,674.43
121,413.86 111,234.47 127,107.14 138,707.61 138,855.45 132,079.76
40,033.50 31,883.84 35,622.29 20,963.93 10,251.09 14,274.50
20,812.75 15,770.72 16,308.48 24,620.28 29,379.53 26,379.16
144,931.70 146,814.46 141,141.48 157,278.09 150,575.42 161,941.01
327,191.81 305,703.49 320,179.39 341,569.91 329,061.49 334,674.43
19,893.30 18,996.17 11,172.69 12,679.08 12,442.12 15,737.97
42,137.63 39,013.73 37,456.88 36,088.59 35,240.34 40,755.39
34,613.91 32,648.82 33,726.97 46,792.46 40,669.19 37,015.56
### ### ### ### ### ###

2.00 2.00 2.00 2.00 2.00 2.00

Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23

23,857.42 18,890.75 26,632.94 29,000.51 14,282.83 35,388.01
-25,139.14 -20,878.07 -33,114.55 -25,672.50 -4,443.66 -15,417.17
2,011.71 8,830.37 3,389.61 9,904.20 -3,380.17 -26,242.90
729.99 6,843.05 -3,092.00 13,232.21 6,459.00 -6,272.06

326.85 174.25 71.05 301.80 433.75 420.80

288.73 288.73 308.90 332.03 332.07 332.13