Tata Motors Passenger Vehicles Ltd.
NSE: TMPVTata Motors Passenger Vehicles Ltd.: A 30-second snapshot
Tata Motors Passenger Vehicles (TMPV) trades at ₹397.80, down 43% over 12 months and 46.53% below the 52-week high, with current price below the 200-day moving average of ₹427.65. The business carries a D/E of 65.31, negative ROE of -1.12%, and a 5-year earnings CAGR of -32.9%, ranking last on quality score (16 of 16–66) among six Auto sector peers. A forward PE of 7.30 is the sole available valuation anchor, as trailing PE is not reported.
P/E
—
Forward P/E
7.3
ROE
-1.1%
Debt / Equity
65.31
Profit Margin
+24.6%
Div. Yield
+0.8%
5Y ROE > 15%
3/5
5Y FCF > 0
3/5
Quality
36/100
News
8 headlines · 4 positive · 1 negative
Tata Motors PV Q4 results: Net profit declines 32% to Rs 5,783 crore, revenue rises 7% - Moneycontrol.com
Moneycontrol.com
Tata Motors Passenger Vehicles should aim for over 20% market share by 2030: Chairman - CNBC TV18
CNBC TV18
Tata Motors should target 20% market share and 12 lakh passenger vehicle sales by 2030: N. Chandrasekaran - Fortune India
Fortune India
Tata Motors Sees EV Demand Rise After West Asia Crisis - Construction World
Construction World
Tata Motors PV Jumps 4% Despite Profit Drop After Q4 Results - HDFC Sky
HDFC Sky
Recent context
- ·Q4 FY26 results showed net profit declining 32% YoY to ₹5,783 crore with revenue rising 7%, per Moneycontrol (14 May 2026) — a divergence between revenue growth and profit trajectory that reflects margin or cost pressures below the revenue line.
- ·Tata Motors chairman N. Chandrasekaran stated at an investor event (CNBC TV18, 4 June 2026) a target of over 20% passenger vehicle market share and 12 lakh annual PV sales by 2030, outlining a multi-year volume growth ambition.
- ·Mean analyst rating of 2.81 across 27 analysts (1–5 scale, lower = more constructive) reflects a mid-range consensus, neither heavily concentrated at the constructive nor the cautious end of the scale.
Strengths
- +Profit margin of 24.55% suggests that operating-level earnings remain positive despite the substantial debt load, indicating the core vehicle business retains pricing or cost structure that generates margin.
- +Debt trend is reported as falling, meaning the D/E ratio of 65.31, while high in absolute terms, is moving in a directionally improving trajectory relative to prior periods.
- +FCF was positive in 3 of the tracked years, showing the business has historically been capable of generating cash above capex requirements, even if not consistently.
- +The 3-month price change is +12.01%, with the stock trading above the SMA50 (₹351.90), reflecting a partial near-term recovery from the 52-week trough.
Weaknesses
- −ROE of -1.12% is the weakest in the six-stock Auto peer group, where peers range from Maruti at 14.43% to Bajaj Auto at 28.05% — TMPV is the only peer with a negative return on equity.
- −D/E of 65.31 stands far above all five named peers, which operate with materially lower leverage; the gap raises structural capital-efficiency concerns that compress ROE even when operating margins are positive.
- −5-year earnings CAGR of -32.9% and revenue CAGR of -11.8% represent sustained multi-year deterioration, with Q4 FY26 net profit down 32% YoY, indicating the trend has not reversed.
- −Quality score of 16 ranks 6th of 6 in the Auto sector peer group, trailing Maruti (31), Bosch (45), M&M (52), Bajaj Auto (55), and Eicher Motors (66), reflecting the combined weight of weak ROE, inconsistent FCF, and high leverage.
Open questions
- ?Does the falling debt trend reflect structural deleveraging from operating cash flows, or is it driven by asset disposals and one-time items that may not be repeatable?
- ?How does the 24.55% reported profit margin reconcile with negative ROE in the context of a D/E of 65.31 — and what level of leverage reduction would be required to restore ROE to positive territory?
- ?The forward PE of 7.30 implies a significant earnings recovery relative to recent quarterly trends; what specific revenue or margin drivers underpin that analyst estimate, and how sensitive is it to JLR and domestic PV volume assumptions?
- ?Given the 12-month price decline of 43% and the stock trading below SMA200, what has changed in the fundamental outlook — if anything — to explain the 12% 3-month recovery, and does that change persist into the next earnings cycle?
Peer comparison: Auto
Ranks 6 of 6 on quality| Symbol | Name | P/E | ROE | Quality |
|---|---|---|---|---|
| TMPV | Tata Motors Passenger Vehicles Ltd.You're viewing | — | -1.1% | 16 |
| Industry avg | across 5 peers | 29.9 | +20.9% | 50 |
| EICHERMOT | Eicher Motors Ltd. | 35.2 | +23.8% | 66 |
| BAJAJ-AUTO | Bajaj Auto Ltd. | 26.9 | +28.1% | 55 |
| M&M | Mahindra & Mahindra Ltd. | 20.0 | +18.8% | 52 |
| BOSCHLTD | Bosch Ltd. | 39.6 | +19.4% | 45 |
| MARUTI | Maruti Suzuki India Ltd. | 27.9 | +14.4% | 31 |
Technical state
Current price
₹397.80
SMA 50
₹351.90
SMA 200
₹427.65
RSI (14)
66.7 (neutral)
From 52w high
-46.5%
1Y return
-43.0%
3M return
+12.0%
50-DMA
Above
200-DMA
Below
Algorithmic support levels
Algorithmic resistance levels
Risk flags
- high5-year earnings growth of -32.9% and revenue decline of -11.8% per annum reflect sustained multi-year deterioration. Q4 FY26 net profit fell 32% YoY per Moneycontrol (14 May 2026), continuing a multi-year compression trend.
- highDebt-to-equity of 65.31 is materially above all five named Auto peers (Bajaj Auto, Eicher Motors, M&M, Maruti, Bosch), which operate at substantially lower leverage. This level of gearing raises capital-structure concerns not resolvable from the available metrics alone.
- highCurrent ROE is -1.12%, meaning the business is not generating returns on equity. ROE exceeded 15% in only 3 of the tracked years and FCF was positive in only 3 of the tracked years. The quality score of 16 ranks last (6th of 6) in the Auto peer group, against a peer range of 31–66.
- mediumStock is down 43% over 12 months and 46.53% below the 52-week high. It trades below the 200-day moving average (SMA200 ₹427.65 vs current ₹397.80) and has been in a sustained drawdown. The nearest resistance cluster is at ₹408.
- lowTrailing PE is unavailable; only a forward PE of 7.30 is reported. Peer comparison on valuation is therefore limited to a single forward estimate against peers with observable trailing multiples of 19.96–39.63x.
Cross-section contradictions
- Profit margin of 24.55% is relatively high, yet ROE is -1.12% and D/E is 65.31 — indicating that elevated debt is absorbing equity returns even when operating margins appear intact; the leverage structure, not operations, is the primary drag on capital efficiency.
- News sentiment scores 4 positive vs 1 negative, and the stock has risen 12% over 3 months, yet the 12-month price change is -43% and 5-year earnings CAGR is -32.9% — the near-term price recovery and positive news flow diverge sharply from the multi-year fundamental and price trend.
For informational purposes only. Not investment advice. VivaTrades is not a SEBI-registered Investment Adviser or Research Analyst. Market data sourced from public feeds; consult a registered adviser before any investment decision.
Fundamentals & technicals: refreshed 25 Jun 2026 · refreshed daily at 01:00 IST
AI synthesis (narrative, snapshot, strengths/weaknesses, peer ranking): generated 6 Jun 2026 · rotates through NIFTY 500 every ~5 days