Tata Motors Passenger Vehicles Ltd.
Auto · NSE
52-week range
₹294 – ₹419
From 52w high
-17.4%
RSI (14)
50.0
vs SMA 50 / 200
↑ 50 · ↓ 200
Tata Motors Passenger Vehicles (TMPV), listed at ₹355.45, carries a trailing PE of 33.4 alongside a forward PE of 9.4, reflecting substantial earnings-growth expectations embedded in analyst consensus (mean rating 2.93 across 27 analysts on a 1–5 scale, lower = more constructive). Revenue has contracted 38.3% over five years, and debt-to-equity stands at 56.1, the highest observed among the six Auto-sector peers in this dataset. The stock is 15.17% below its 52-week high and has shed 4.46% over three months, currently trading above its 50-DMA (₹341.4) with RSI at 56.
- ✓Profit margin of 21.2% is notably healthy for an auto OEM and suggests cost discipline or mix-shift toward higher-margin products in the segment.
- ✓Dividend yield of 1.69% provides an income component alongside capital exposure, uncommon for a high-leverage auto sub-sector stock.
- ✓Debt trend is classified as falling, indicating the elevated D/E of 56.1 may be on a trajectory toward lower levels rather than compounding.
- ✓FCF was positive in 3 of the tracked years, and the consistency score of 59 — while mid-range — shows some baseline operational cash generation capacity.
- ✗Debt-to-equity of 56.1 is the most material structural flag: at this level, incremental rate increases or revenue softness would place significant pressure on debt-servicing capacity.
- ✗Revenue declined 38.3% over five years, pointing to a sustained erosion of top-line scale that has yet to reverse in the historical record.
- ✗ROE cleared 15% in only 2 of the available years, and current ROE data is unavailable — the stock has not demonstrated consistent high-return-on-equity compounding.
- ✗At a quality score of 46 (ranked 4th of 6 peers), TMPV sits below Eicher Motors (60), Bajaj Auto (55), and M&M (52) on composite fundamental quality.
- ·Tata Motors PV scheduled its Q4 FY26 earnings call for May 14, 2026 — the first quarterly result since listing as a standalone entity, making this a key data point for evaluating whether the forward PE of 9.4 is anchored to achievable estimates.
- ·April 2026 monthly sales data was published alongside peers; the headline was covered neutrally alongside Maruti, M&M, and Hyundai, with no breakout positive or negative volume surprise noted in available coverage.
- ·A brokerage noted in mid-April 2026 coverage that TMPV was among stocks it was constructive on (News9live, April 15); the article title references bullish brokerage positioning, though no specific price targets or named analyst are attributed in the available snippet.
- ?Does the forward PE of 9.4 — implying a near-4x earnings uplift from the trailing figure — rest on achievable FY27 estimates, and what assumptions underpin those estimates?
- ?Given the 5-year revenue decline of 38.3%, what structural or product-cycle factors would need to materialise for top-line growth to resume, and is there evidence of those in recent monthly sales data?
- ?How does a D/E of 56.1 compare to TMPV's own debt-service coverage history, and at what revenue level does interest-coverage become strained?
- ?Is the 21.2% profit margin sustainable given competitive dynamics in the passenger-vehicle segment, or does it reflect a transient period of low marketing or capital expenditure?
PE
33.4
Forward PE
9.4
ROE
—
Profit margin
+21.2%
D/E
56.13
Dividend yield
+1.7%
Quality score
46/100
ROE 5y above 15%
2/5 yrs
FCF 5y positive
3/5 yrs
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.Analysis generated 10 May 2026.