Tata Motors CV
Stock Snapshot
Price Performance
Vista Outlook
View Technicals Analysis →Basis of our Recommendation
Tata Motors CV's recent performance highlights a robust growth trajectory, driven by strategic management initiatives and market share gains, particularly in the commercial vehicle sector. Management's focus on operational efficiencies and price adjustments in response to commodity inflation is crucial for maintaining margins. The anticipated acquisition of Iveco is a pivotal development, expected to enhance Tata's global footprint and diversify its product offerings, although it introduces debt and exposure to European market volatility. Vista's financial outlook reflects a moderate revenue growth forecast, supported by improving margins and a stable balance sheet. The company's commitment to electrification and digital solutions positions it favorably in a transitioning market. However, challenges such as geopolitical risks and a high base effect in the second half of the fiscal year could temper growth. Over the next 12-24 months, Tata Motors is well-positioned to capitalize on the growing demand for electric vehicles and international expansion, while closely monitoring commodity price fluctuations and integration risks associated with the Iveco acquisition
Why We Like This Stock
- Strong market share gains and robust volume growth in the commercial vehicle sector
- Strategic acquisition of Iveco expected to enhance global market access and product diversification
- Focus on electrification and digital solutions aligns with industry trends towards sustainability
Things To Watch Out For
- Persistent commodity inflation poses risks to margins and profitability
- Geopolitical tensions and a high base effect may moderate domestic growth in the second half of the fiscal year
- Integration risks associated with the Iveco acquisition could impact operational efficiency
Key Parameters
Financial Snapshot
| Actuals | Forecast | ||||
|---|---|---|---|---|---|
| FY24 | FY25 | FY26 | FY27 | FY28 | |
| Revenue (Cr.) | nan | 57,788 | 83,855 | 90,214 | 101,264 |
| Profit Before Tax (Cr.) | nan | 4,088 | 8,509 | 11,349 | 11,960 |
| PBT Margin | nan% | 7.1% | 1014.7% | 12.6% | 11.8% |
| Net Profit (Cr.) | nan | 3,995 | 6,094 | 8,752 | 9,223 |
| Earnings Per Share | nan | 10.8 | 16.5 | 23.7 | 25.0 |
Analyst Recommendations
| Broker | Recommendation | Target Price | Date |
|---|---|---|---|
| BofA | ▲ Buy | 470 | 17-Jun-2026 |
| CLSA | ▲ Outperform | 596 | 13-Aug-2026 |
| Deven Choksey | ▲ Buy | 469 | 15-May-2026 |
| Elara Capital | ► Accumulate | 423 | 16-May-2026 |
| Emkay Global | ▲ Buy | 600 | 23-Jun-2026 |
| HDFC Securities | ► Add | 443 | 14-May-2026 |
| HSBC | ▲ Buy | 490 | 23-Jun-2026 |
| Kotak Securities | ▲ Buy | 500 | 13-Aug-2026 |
| Moneycontrol | ► Equalweight | 449 | 13-Aug-2026 |
| Motilal Oswal | ► Neutral | 434 | 13-Aug-2026 |
| Nomura | ▲ Buy | 554 | 13-Aug-2026 |
Company Overview
Show Company Profile
Tata Motors Limited engages in the design, manufacture, and sale of automotive vehicles in India, South Korea, and internationally. The company offers pick-ups, trucks, buses, small commercial vehicles, and electric vehicles. It also provides related spare parts, accessories, and distribution and services of vehicles. The company was formerly known as TML Commercial Vehicles Limited and changed its name to Tata Motors Limited in October 2025. Tata Motors Limited was founded in 1961 and is based in Mumbai, India.