TATA MOTORS LTD SCREENER.

IN

Narration Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Trailing Best Case Worst Case
Sales 232,833.66 263,158.98 273,045.60 269,692.51 291,550.48 301,938.40 261,067.97 249,794.75 278,453.62 345,966.97 401,785.26 429,849.48 359,785.63
Expenses 197,980.30 223,920.33 234,650.35 240,103.82 260,092.80 277,274.07 243,080.90 217,507.32 253,733.53 314,151.17 350,865.96 375,373.53 326,873.02
Operating Profit 34,853.36 39,238.65 38,395.25 29,588.69 31,457.68 24,664.33 17,987.07 32,287.43 24,720.09 31,815.80 50,919.30 54,475.95 32,912.61
Other Income -156.79 714.03 -2,669.62 1,869.10 5,932.73 -26,686.25 101.71 -11,117.83 2,424.05 6,327.59 4,682.20 - -
Depreciation 11,078.16 13,388.63 16,710.78 17,904.99 21,553.59 23,590.63 21,425.43 23,546.71 24,835.69 24,860.36 26,391.58 26,391.58 26,391.58
Interest 4,749.44 4,861.49 4,889.08 4,238.01 4,681.79 5,758.60 7,243.33 8,097.17 9,311.86 10,225.48 10,584.58 10,584.58 10,584.58
Profit before tax 18,868.97 21,702.56 14,125.77 9,314.79 11,155.03 -31,371.15 -10,579.98 -10,474.28 -7,003.41 3,057.55 18,625.34 17,499.79 -4,063.55
Tax 4,764.79 7,642.91 3,025.05 3,251.23 4,341.93 -2,437.45 395.25 2,541.86 4,231.29 704.06 3,408.03 18% 18%
Net profit 13,991.02 13,986.29 11,579.31 7,454.36 8,988.91 -28,826.23 -12,070.85 -13,451.39 -11,441.47 2,414.29 15,332.30 14,297.71 -3,320.01
EPS 48.46 48.44 40.11 25.82 31.13 -99.84 -39.08 -40.51 -34.45 7.27 41.88 39.05 -9.07
Price to earning 8.14 11.24 9.64 18.04 10.50 -1.75 -1.82 -7.45 -12.59 57.89 18.93 38.41 18.93
Price 394.42 544.37 386.60 465.85 326.85 174.25 71.05 301.80 433.75 420.80 792.75 1,500.01 -171.66

RATIOS:
Dividend Payout 4.60% 0.00% 0.59% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 31.73%
OPM 14.97% 14.91% 14.06% 10.97% 10.79% 8.17% 6.89% 12.93% 8.88% 9.20% 12.67%

TRENDS: 10 YEARS 7 YEARS 5 YEARS 3 YEARS RECENT BEST WORST

Sales Growth 4.50% 3.44% 3.48% 9.84% 24.25% 24.25% 3.44%
OPM 11.02% 9.63% 9.15% 10.16% 12.67% 12.67% 9.15%
Price to Earning 19.20 26.34 38.41 38.41 18.93 38.41 18.93
TATA MOTORS LTD SCREENER.IN

Narration Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23
Sales 66,406.45 61,378.82 72,229.29 78,439.06 71,934.66 79,611.37 88,488.59 105,932.35 102,236.08 105,128.24
Expenses 61,163.78 57,262.21 65,151.27 70,156.27 69,521.93 74,039.06 77,668.35 92,817.95 89,018.36 91,361.30
Operating Profit 5,242.67 4,116.61 7,078.02 8,282.79 2,412.73 5,572.31 10,820.24 13,114.40 13,217.72 13,766.94
Other Income 584.12 862.46 788.73 188.74 2,380.98 1,351.14 1,129.98 1,361.61 683.56 1,507.05
Depreciation 6,202.13 6,123.32 6,078.13 6,432.11 5,841.04 5,897.34 6,071.78 7,050.20 6,633.18 6,636.42
Interest 2,203.30 2,327.30 2,400.74 2,380.52 2,420.72 2,487.26 2,675.83 2,641.67 2,615.39 2,651.69
Profit before tax -2,578.64 -3,471.55 -612.12 -341.10 -3,468.05 -1,461.15 3,202.61 4,784.14 4,652.71 5,985.88
Tax 1,741.96 1,005.06 726.05 758.22 1,518.96 -457.08 262.83 -620.65 1,563.01 2,202.84
Net profit -4,450.92 -4,441.57 -1,516.14 -1,032.84 -5,006.60 -944.61 2,957.71 5,407.79 3,202.80 3,764.00

OPM 8% 7% 10% 11% 3% 7% 12% 12% 13% 13%

TATA MOTORS LTD SCREENER.IN

Narration Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23
Equity Share Capital 643.78 643.78 679.18 679.22 679.22 679.22 719.54 765.81 765.88 766.02
Reserves 64,959.67 55,618.14 78,273.23 57,382.67 94,748.69 59,500.34 61,491.49 54,480.91 43,795.36 44,555.77
Borrowings 60,642.28 73,610.39 69,359.96 78,603.98 88,950.47 106,175.34 124,787.64 142,130.57 146,449.03 134,113.44
Other Liabilities 92,180.26 107,442.48 114,871.75 135,914.49 142,813.43 139,348.59 133,180.72 144,192.62 138,051.22 155,239.20
Total 218,425.99 237,314.79 263,184.12 272,580.36 327,191.81 305,703.49 320,179.39 341,569.91 329,061.49 334,674.43

Net Block 69,091.67 88,479.49 107,231.76 95,944.08 121,413.86 111,234.47 127,107.14 138,707.61 138,855.45 132,079.76
Capital Work in Progress 33,262.56 28,640.09 25,918.94 33,698.84 40,033.50 31,883.84 35,622.29 20,963.93 10,251.09 14,274.50
Investments 10,686.67 15,336.74 23,767.02 20,337.92 20,812.75 15,770.72 16,308.48 24,620.28 29,379.53 26,379.16
Other Assets 105,385.09 104,858.47 106,266.40 122,599.52 144,931.70 146,814.46 141,141.48 157,278.09 150,575.42 161,941.01
Total 218,425.99 237,314.79 263,184.12 272,580.36 327,191.81 305,703.49 320,179.39 341,569.91 329,061.49 334,674.43

Working Capital 13,204.83 -2,584.01 -8,605.35 -13,314.97 2,118.27 7,465.87 7,960.76 13,085.47 12,524.20 6,701.81
Debtors 10,574.23 12,579.20 13,570.91 14,075.55 19,893.30 18,996.17 11,172.69 12,679.08 12,442.12 15,737.97
Inventory 27,270.89 29,272.34 32,655.73 35,085.31 42,137.63 39,013.73 37,456.88 36,088.59 35,240.34 40,755.39

Debtor Days 16.58 17.45 18.14 19.05 24.90 22.96 15.62 18.53 16.31 16.60
Inventory Turnover 8.54 8.99 8.36 7.69 6.92 7.74 6.97 6.92 7.90 8.49

Return on Equity 21% 25% 15% 13% 9% -48% -19% -24% -26% 5%
Return on Capital Emp 21% 14% 10% 10% -15% -2% -1% 1% 7%
TATA MOTORS LTD SCREENER.IN

Narration Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23
Cash from Operating Activity 36,151.16 35,531.26 37,899.54 30,199.25 23,857.42 18,890.75 26,632.94 29,000.51 14,282.83 35,388.01
Cash from Investing Activity -27,990.91 -36,232.35 -36,693.90 -39,571.40 -25,139.14 -20,878.07 -33,114.55 -25,672.50 -4,443.66 -15,417.17
Cash from Financing Activity -3,883.24 5,201.44 -3,795.12 6,205.30 2,011.71 8,830.37 3,389.61 9,904.20 -3,380.17 -26,242.90
Net Cash Flow 4,277.01 4,500.35 -2,589.48 -3,166.85 729.99 6,843.05 -3,092.00 13,232.21 6,459.00 -6,272.06
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COMPANY NAME TATA MOTORS LTD
LATEST VERSION 2.10 PLEAS
CURRENT VERSION 2.10

META
Number of shares 366.10
Face Value 2.00
Current Price 792.75
Market Capitalization 290,229.23

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 Jun-21 Sep-21 Dec-21 Mar-22
Sales 66,406.45 61,378.82 72,229.29 78,439.06
Expenses 61,163.78 57,262.21 65,151.27 70,156.27
Other Income 584.12 862.46 788.73 188.74
Depreciation 6,202.13 6,123.32 6,078.13 6,432.11
Interest 2,203.30 2,327.30 2,400.74 2,380.52
Profit before tax -2,578.64 -3,471.55 -612.12 -341.10
Tax 1,741.96 1,005.06 726.05 758.22
Net profit -4,450.92 -4,441.57 -1,516.14 -1,032.84
Operating Profit 5,242.67 4,116.61 7,078.02 8,282.79
EBITDA 5,696.47 5,014.11 7,688.78 8,538.01
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

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

71,934.66 79,611.37 88,488.59 105,932.35 102,236.08 105,128.24
69,521.93 74,039.06 77,668.35 92,817.95 89,018.36 91,361.30
2,380.98 1,351.14 1,129.98 1,361.61 683.56 1,507.05
5,841.04 5,897.34 6,071.78 7,050.20 6,633.18 6,636.42
2,420.72 2,487.26 2,675.83 2,641.67 2,615.39 2,651.69
-3,468.05 -1,461.15 3,202.61 4,784.14 4,652.71 5,985.88
1,518.96 -457.08 262.83 -620.65 1,563.01 2,202.84
-5,006.60 -944.61 2,957.71 5,407.79 3,202.80 3,764.00
2,412.73 5,572.31 10,820.24 13,114.40 13,217.72 13,766.94
4,774.12 6,982.91 11,968.15 14,479.01 14,014.38 15,254.95
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

 Historical Financial Statement - TATA MOTORS LTD
Years Mar-14 Mar-15 Mar-16 Mar-17 Mar-18

# Income Statement
Sales ₹ 232,833.66 ₹ 263,158.98 ₹ 273,045.60 ₹ 269,692.51 ₹ 291,550.48
Sales Growth - 13% 4% -1% 8%

COGS ₹ 180,131.06 ₹ 202,856.88 ₹ 205,509.07 ₹ 205,454.24 ₹ 228,429.83

COGS % Sales 77% 77% 75% 76% 78%

Gross Profit ₹ 52,702.60 ₹ 60,302.10 ₹ 67,536.53 ₹ 64,238.27 ₹ 63,120.65

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

Selling and General Expenses ₹ 17,849.24 ₹ 21,063.45 ₹ 29,141.28 ₹ 34,649.58 ₹ 31,662.97

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

EBITDA ₹ 34,853.36 ₹ 39,238.65 ₹ 38,395.25 ₹ 29,588.69 ₹ 31,457.68

EBITDA Margins 14.97% 14.91% 14.06% 10.97% 10.79%

Interest ₹ 4,749.44 ₹ 4,861.49 ₹ 4,889.08 ₹ 4,238.01 ₹ 4,681.79

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

Depreciation ₹ 11,078.16 ₹ 13,388.63 ₹ 16,710.78 ₹ 17,904.99 ₹ 21,553.59

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

Earnings Before Tax ₹ 19,025.76 ₹ 20,988.53 ₹ 16,795.39 ₹ 7,445.69 ₹ 5,222.30

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

Tax ₹ 4,764.79 ₹ 7,642.91 ₹ 3,025.05 ₹ 3,251.23 ₹ 4,341.93

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

Net Profit ₹ 14,260.97 ₹ 13,345.62 ₹ 13,770.34 ₹ 4,194.46 ₹ 880.37

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

No of Equity Shares ₹ 288.74 ₹ 288.74 ₹ 288.72 ₹ 288.73 ₹ 288.73

EPS ₹ 49.39 ₹ 46.22 ₹ 47.69 ₹ 14.53 ₹ 3.05

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

Divided per Share ₹ 2.23 - ₹ 0.24 - -

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 ₹ 643.78 ₹ 643.78 ₹ 679.18 ₹ 679.22 ₹ 679.22
Reserves ₹ 64,959.67 ₹ 55,618.14 ₹ 78,273.23 ₹ 57,382.67 ₹ 94,748.69
 Borrowings ₹ 60,642.28 ₹ 73,610.39 ₹ 69,359.96 ₹ 78,603.98 ₹ 88,950.47
Other Liabilities ₹ 92,180.26 ₹ 107,442.48 ₹ 114,871.75 ₹ 135,914.49 ₹ 142,813.43
Total Liabilities ₹ 218,425.99 ₹ 237,314.79 ₹ 263,184.12 ₹ 272,580.36 ₹ 327,191.81

Fixed Assets Net Block ₹ 69,091.67 ₹ 88,479.49 ₹ 107,231.76 ₹ 95,944.08 ₹ 121,413.86

Capital Work in Progress ₹ 33,262.56 ₹ 28,640.09 ₹ 25,918.94 ₹ 33,698.84 ₹ 40,033.50
Investments ₹ 10,686.67 ₹ 15,336.74 ₹ 23,767.02 ₹ 20,337.92 ₹ 20,812.75
Other Assets ₹ 37,828.18 ₹ 30,891.17 ₹ 29,579.36 ₹ 37,360.78 ₹ 48,286.86
Total Non Current Assets ₹ 150,869.08 ₹ 163,347.49 ₹ 186,497.08 ₹ 187,341.62 ₹ 230,546.97

Receivables ₹ 10,574.23 ₹ 12,579.20 ₹ 13,570.91 ₹ 14,075.55 ₹ 19,893.30

Inventory ₹ 27,270.89 ₹ 29,272.34 ₹ 32,655.73 ₹ 35,085.31 ₹ 42,137.63
Cash & Bank ₹ 29,711.79 ₹ 32,115.76 ₹ 30,460.40 ₹ 36,077.88 ₹ 34,613.91
Total Current Assets ₹ 67,556.91 ₹ 73,967.30 ₹ 76,687.04 ₹ 85,238.74 ₹ 96,644.84

Total Assets ₹ 218,425.99 ₹ 237,314.79 ₹ 263,184.12 ₹ 272,580.36 ₹ 327,191.81

Check ₹ 1.00 ₹ 1.00 ₹ 1.00 ₹ 1.00 ₹ 1.00

# Cash Flow Statement

Operating Activities
Profit from operations ₹ 36,303.00 ₹ 43,397.00 ₹ 38,626.00 ₹ 28,840.00 ₹ 33,312.00
Receivables ₹ 445.00 (₹ 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 ₹ 4,694.00 ₹ 3,598.00 ₹ 3,947.00 ₹ 9,301.00 ₹ 7,320.00
Loans Advances - - (₹ 520.0) - -
Other WC items ₹ 1,870.00 (₹ 398.0) ₹ 5,852.00 ₹ 4,727.00 ₹ 494.00
Working capital changes ₹ 4,157.00 (₹ 3,672.0) ₹ 1,313.00 ₹ 3,254.00 (₹ 6,434.0)
Direct taxes (₹ 4,308.0) (₹ 4,194.0) (₹ 2,040.0) (₹ 1,895.0) (₹ 3,021.0)
Cash Flow from Operating Activities ₹ 40,308.00 ₹ 31,860.00 ₹ 39,212.00 ₹ 33,454.00 ₹ 17,423.00

Investing Activities
Fixed assets purchased (₹ 26,975.0) (₹ 31,962.0) (₹ 31,503.0) (₹ 16,072.0) (₹ 35,079.0)
Fixed assets sold ₹ 50.00 ₹ 74.00 ₹ 59.00 ₹ 53.00 ₹ 30.00
Investments purchased (₹ 429.0) (₹ 5,461.0) (₹ 4,728.0) (₹ 6.0) (₹ 329.0)
Investments sold ₹ 4.00 ₹ 42.00 ₹ 89.00 ₹ 1,965.00 ₹ 2,381.00
Interest received ₹ 653.00 ₹ 698.00 ₹ 731.00 ₹ 638.00 ₹ 690.00
Dividends received ₹ 40.00 ₹ 80.00 ₹ 58.00 ₹ 620.00 ₹ 1,797.00
Invest in subsidiaries - - - - -
Investment in group cos - (₹ 160.0) - (₹ 107.0) (₹ 4.0)
Redemp n Canc of Shares - - - - ₹ 14.00
Acquisition of companies (₹ 185.0) - (₹ 111.0) - -
Inter corporate deposits - - - - -
Other investing items (₹ 1,149.0) ₹ 456.00 (₹ 1,289.0) (₹ 26,663.0) ₹ 5,360.00
Cash Flow from Investing Activities (₹ 27,991.0) (₹ 36,233.0) (₹ 36,694.0) (₹ 39,572.0) (₹ 25,140.0)

Financing Activities
Proceeds from shares - - ₹ 7,433.00 ₹ 5.00 -
Redemption of debentures (₹ 658.0) (₹ 744.0) - - -
Proceeds from borrowings ₹ 33,258.00 ₹ 36,363.00 ₹ 19,519.00 ₹ 33,390.00 ₹ 37,482.00
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 - - - - -
Other financing items (₹ 450.0) (₹ 57.0) - - -
Cash Flow from Financing Activities (₹ 3,884.0) ₹ 5,203.00 (₹ 3,796.0) ₹ 6,206.00 ₹ 2,011.00

Net Cash Flow ₹ 8,433.00 ₹ 830.00 (₹ 1,278.0) ₹ 88.00 (₹ 5,706.0)

 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 LTM

₹ 301,938.40 ₹ 261,067.97 ₹ 249,794.75 ₹ 278,453.62 ₹ 345,966.97 ₹ 401,785.26

4% -14% -4% 11% 24% 16%

₹ 242,845.53 ₹ 210,376.07 ₹ 195,326.04 ₹ 223,300.01 ₹ 274,403.64 ₹ 350,865.96

80% 81% 78% 80% 79% 87%

₹ 59,092.87 ₹ 50,691.90 ₹ 54,468.71 ₹ 55,153.61 ₹ 71,563.33 ₹ 50,919.30

19.57% 19.42% 21.81% 19.81% 20.69% 12.67%

₹ 34,428.54 ₹ 32,704.83 ₹ 22,181.28 ₹ 30,433.52 ₹ 39,747.53 -

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

₹ 24,664.33 ₹ 17,987.07 ₹ 32,287.43 ₹ 24,720.09 ₹ 31,815.80 ₹ 55,716.49

8.17% 6.89% 12.93% 8.88% 9.20% 13.87%

₹ 5,758.60 ₹ 7,243.33 ₹ 8,097.17 ₹ 9,311.86 ₹ 10,225.48 ₹ 10,584.58

1.91% 2.77% 3.24% 3.34% 2.96% 2.63%

₹ 23,590.63 ₹ 21,425.43 ₹ 23,546.71 ₹ 24,835.69 ₹ 24,860.36 ₹ 26,391.58

7.81% 8.21% 9.43% 8.92% 7.19% 6.57%

(₹ 4,684.9) (₹ 10,681.7) ₹ 643.55 (₹ 9,427.5) (₹ 3,270.0) ₹ 18,740.33

-1.55% -4.09% 0.26% -3.39% -0.95% 4.66%

(₹ 2,437.5) ₹ 395.25 ₹ 2,541.86 ₹ 4,231.29 ₹ 704.06 ₹ 3,408.03

52.03% -3.70% 394.97% -44.88% -21.53% 18.19%

(₹ 2,247.4) (₹ 11,076.9) (₹ 1,898.3) (₹ 13,658.7) (₹ 3,974.1) ₹ 15,332.30

-0.74% -4.24% -0.76% -4.91% -1.15% 3.82%

₹ 288.73 ₹ 308.90 ₹ 332.03 ₹ 332.07 ₹ 332.13 -

(₹ 7.8) (₹ 35.9) (₹ 5.7) (₹ 41.1) (₹ 12.0) -

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

- - - - ₹ 2.31 -
0.00% 0.00% 0.00% 0.00% -19.28% 0.00%

100.00% 100.00% 100.00% 100.00% 119.28% 100.00%

₹ 679.22 ₹ 719.54 ₹ 765.81 ₹ 765.88 ₹ 766.02 -

₹ 59,500.34 ₹ 61,491.49 ₹ 54,480.91 ₹ 43,795.36 ₹ 44,555.77 -
₹ 106,175.34 ₹ 124,787.64 ₹ 142,130.57 ₹ 146,449.03 ₹ 134,113.44 -
₹ 139,348.59 ₹ 133,180.72 ₹ 144,192.62 ₹ 138,051.22 ₹ 155,239.20 -
₹ 305,703.49 ₹ 320,179.39 ₹ 341,569.91 ₹ 329,061.49 ₹ 334,674.43 -

₹ 111,234.47 ₹ 127,107.14 ₹ 138,707.61 ₹ 138,855.45 ₹ 132,079.76

₹ 31,883.84 ₹ 35,622.29 ₹ 20,963.93 ₹ 10,251.09 ₹ 14,274.50
₹ 15,770.72 ₹ 16,308.48 ₹ 24,620.28 ₹ 29,379.53 ₹ 26,379.16
₹ 56,155.74 ₹ 58,784.94 ₹ 61,717.96 ₹ 62,223.77 ₹ 68,432.09
₹ 215,044.77 ₹ 237,822.85 ₹ 246,009.78 ₹ 240,709.84 ₹ 241,165.51

₹ 18,996.17 ₹ 11,172.69 ₹ 12,679.08 ₹ 12,442.12 ₹ 15,737.97

₹ 39,013.73 ₹ 37,456.88 ₹ 36,088.59 ₹ 35,240.34 ₹ 40,755.39
₹ 32,648.82 ₹ 33,726.97 ₹ 46,792.46 ₹ 40,669.19 ₹ 37,015.56
₹ 90,658.72 ₹ 82,356.54 ₹ 95,560.13 ₹ 88,351.65 ₹ 93,508.92

₹ 305,703.49 ₹ 320,179.39 ₹ 341,569.91 ₹ 329,061.49 ₹ 334,674.43

₹ 1.00 ₹ 1.00 ₹ 1.00 ₹ 1.00 ₹ 1.00

₹ 28,771.00 ₹ 23,352.00 ₹ 31,198.00 ₹ 26,943.00 ₹ 41,694.00 -

(₹ 9,109.0) ₹ 9,950.00 (₹ 5,505.0) ₹ 185.00 (₹ 2,213.0) -
₹ 2,069.00 ₹ 2,326.00 ₹ 3,814.00 ₹ 472.00 (₹ 5,665.0) -
(₹ 4,692.0) (₹ 8,085.0) ₹ 5,748.00 (₹ 7,012.0) ₹ 6,945.00 -
- - - - - -
₹ 4,512.00 ₹ 875.00 (₹ 4,150.0) (₹ 4,396.0) (₹ 2,194.0) -
(₹ 7,221.0) ₹ 5,065.00 (₹ 93.0) (₹ 10,750.0) (₹ 3,127.0) -
(₹ 2,659.0) (₹ 1,785.0) (₹ 2,105.0) (₹ 1,910.0) (₹ 3,179.0) -
₹ 11,671.00 ₹ 31,698.00 ₹ 28,907.00 ₹ 3,532.00 ₹ 32,261.00

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

₹ 67.00 ₹ 171.00 ₹ 351.00 ₹ 230.00 ₹ 285.00 -
(₹ 130.0) (₹ 1,439.0) (₹ 7,530.0) (₹ 3,008.0) (₹ 50.0) -
₹ 5,644.00 ₹ 21.00 ₹ 226.00 ₹ 104.00 ₹ 6,895.00 -
₹ 761.00 ₹ 1,104.00 ₹ 428.00 ₹ 653.00 ₹ 973.00 -
₹ 232.00 ₹ 21.00 ₹ 18.00 ₹ 32.00 ₹ 46.00 -
- - - - - -
(₹ 9.0) (₹ 606.0) (₹ 10.0) - - -
₹ 533.00 - - - ₹ 19.00 -
(₹ 8.0) (₹ 27.0) - (₹ 98.0) - -
- - - - - -
₹ 7,335.00 (₹ 2,659.0) ₹ 1,051.00 ₹ 12,813.00 (₹ 4,357.0) -
(₹ 20,879.0) (₹ 33,116.0) (₹ 25,671.0) (₹ 4,442.0) (₹ 15,419.0)

- ₹ 3,889.00 ₹ 2,603.00 ₹ 19.00 ₹ 20.00

 - - - - -
₹ 51,128.00 ₹ 38,297.00 ₹ 46,641.00 ₹ 46,578.00 ₹ 43,934.00
(₹ 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)
- (₹ 1,346.0) (₹ 1,477.0) (₹ 1,559.0) (₹ 1,517.0)
- (₹ 29.0) - ₹ 3,750.00 ₹ 3,355.00
₹ 8,830.00 ₹ 3,389.00 ₹ 9,905.00 (₹ 3,379.0) (₹ 26,242.0)

(₹ 378.0) ₹ 1,971.00 ₹ 13,141.00 (₹ 4,289.0) (₹ 9,400.0)

 Ratio Analysis of - TATA MOTORS LTD
Years Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21

SalesGrowth 13.02% 3.76% -1.23% 8.10% 3.56% -13.54% -4.32% 11.47%

EBITDA Growth 12.58% -2.15% -22.94% 6.32% -21.60% -27.07% 79.50% -23.44%
EBIT Growth 10.32% -19.98% -55.67% -29.86% -189.71% 128.00% -106.02% -1564.91%
Net Profit Growth -6.42% 3.18% -69.54% -79.01% -355.28% 392.87% -82.86% 619.52%
Dividend Growth -100.00% 0.00% -100.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Gross Margin
Operating Margin
EBITDA Margin
EBIT Margin
EBT Margin
Net Profit Margin

SalesExpenses%Sales
Depreciation%Sales
OperatingIncome%Sales

Return on Capital Employed

Retained Earnings%
Return on Equity%
Self Sustained Growth Rate
Interest Coverage Ratio

Debtor Turnover Ratio

Creditor Turnover Ratio
Inventory Turnover
Fixed Asset Turnover
Capital Turnover Ratio

Debtor Days
Payable Days
Inventory Days
Cash Conversion Cycle

CFO/Sales
CFO/Total Assets
CFO/Total Debt
Mar-22 Mar-23

24.25% 16.13%
28.70% 75.12%
-65.31% -673.09%
-70.90% -485.81%
0.00% -100.00%
 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19
Cash from Operating Activity - 18,384 22,163 36,151 35,531 37,900 30,199 23,857 18,891
Profit from operations 22,432 24,406 36,303 43,397 38,626 28,840 33,312 28,771
Receivables -6,659 -5,177 445 -3,179 -2,223 -4,152 -10,688 -9,109
Inventory -2,719 -2,656 -2,853 -3,692 -5,743 -6,621 -3,560 2,069
Payables 5,867 8,132 4,694 3,598 3,947 9,301 7,320 -4,692
Loans Advances 0 0 0 0 -520 0 0 0
Other WC items 1,231 -303 1,870 -398 5,852 4,727 494 4,512
Working capital changes -2,280 -3 4,157 -3,672 1,313 3,254 -6,434 -7,221
Direct taxes -1,768 -2,240 -4,308 -4,194 -2,040 -1,895 -3,021 -2,659
Cash from Investing Activity - -19,464 -22,969 -27,991 -36,232 -36,694 -39,571 -25,139 -20,878
Fixed assets purchased -13,876 -18,863 -26,975 -31,962 -31,503 -16,072 -35,079 -35,304
Fixed assets sold 93 37 50 74 59 53 30 67
Investments purchased -5,857 73 -429 -5,461 -4,728 -6 -329 -130
Investments sold 84 34 4 42 89 1,965 2,381 5,644
Interest received 467 713 653 698 731 638 690 761
Dividends received 70 95 40 80 58 620 1,797 232
Invest in subsidiaries -304 0 0 0 0 0 0 0
Investment in group cos -9 0 0 -160 0 -107 -4 -9
Redemp n Canc of Shares 0 0 0 0 0 0 14 533
Acquisition of companies 0 0 -185 0 -111 0 0 -8
Inter corporate deposits -3 45 0 0 0 0 0 0
Other investing items -129 -5,103 -1,149 456 -1,289 -26,663 5,360 7,335
Cash from Financing Activity - 6,567 -1,692 -3,883 5,201 -3,795 6,205 2,012 8,830
Proceeds from shares 139 1 0 0 7,433 5 0 0
Redemption of debentures 0 -97 -658 -744 0 0 0 0
Proceeds from borrowings 27,462 27,863 33,258 36,363 19,519 33,390 37,482 51,128
Repayment of borrowings -15,010 -20,395 -29,141 -23,332 -24,924 -21,732 -29,964 -35,198
Interest paid fin -3,374 -4,666 -6,171 -6,307 -5,716 -5,336 -5,411 -7,005
Dividends paid -1,503 -1,551 -722 -720 -108 -121 -96 -95
Financial liabilities 0 0 0 0 0 0 0 0
Other financing items -1,147 -2,849 -450 -57 0 0 0 0
Net Cash Flow 5,488 -2,499 4,277 4,500 -2,589 -3,167 730 6,843
Mar-20 Mar-21 Mar-22 Mar-23
26,633 29,001 14,283 35,388
23,352 31,198 26,943 41,694
9,950 -5,505 185 -2,213
2,326 3,814 472 -5,665
-8,085 5,748 -7,012 6,945
0 0 0 0
875 -4,150 -4,396 -2,194
5,065 -93 -10,750 -3,127
-1,785 -2,105 -1,910 -3,179
-33,115 -25,672 -4,444 -15,417
-29,702 -20,205 -15,168 -19,230
171 351 230 285
-1,439 -7,530 -3,008 -50
21 226 104 6,895
1,104 428 653 973
21 18 32 46
0 0 0 0
-606 -10 0 0
0 0 0 19
-27 0 -98 0
0 0 0 0
-2,659 1,051 12,813 -4,357
3,390 9,904 -3,380 -26,243
3,889 2,603 19 20
0 0 0 0
38,297 46,641 46,578 43,934
-29,847 -29,709 -42,816 -62,557
-7,518 -8,123 -9,251 -9,336
-57 -30 -100 -141
-1,346 -1,477 -1,559 -1,517
-29 0 3,750 3,355
-3,092 13,232 6,459 -6,272