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07 April 2020

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Tata Motors Ltd (Automobiles - LCVs / HCVs)

Last Price 67.25
Net Changes 1.95
Volume 42070735
Prev Close 65.30
67.25 1.95 (2.99%)
Date: Apr 07,2020 EOD




Index Details Automobiles - LCVs / HCVs


Chart

Stock Price Details

Market Statistics

Open Price 68.95 Div Yield (%) 0
Buy (Size) 67.20(×300) Eps(Rs) 0
Sell (Size) 67.35(×352) Book Value (Stand.)(Rs) 76.37
Value 13377485000 Book Value(conso.)(Rs) 178.6246925
Buy Quantity 300 Market Cap(Rs.Cr) 21676.17
Sell Quantity 352 Face Value(Rs) 2
Today's High 69 Market Lot 1
Today's Low 66.95 AGM Date Jul
52-Week High 239.3 Book Closure Date
52-Week Low 63.6 ISIN No. INE155A01022

Share Holding Pattern

  No Of shares % Share Holding
Total Foreign (Promoter & Group) 0 0.00
Indian (Promoter & Group) 1309551138 42.39
Total of Promoter 1309551138 42.39
Non Promoter (Institution) 1020621912 33.04
Non Promoter (Non-Institution) 758799051 24.56
Total Non Promoter 1779420963 57.61
Total Promoter & Non Promoter 3088972101 100.00
Custodians(Against Depository Receipts) 0 0.00
Grand Total 3088972101 100.00

Company News

03-Apr-2020  Tata Motors tumbles after weak sales in March
Tata Motors tumbles after weak sales in March

The automaker's total sales fell 68.19% compared with 40,634 units in February 2020.

Total domestic sales declined 84% to 11,012 units in March 2020 from 68,727 units in March 2019.

Total commercial vehicle sales slumped 87% to 7,123 units, while total passenger vehicle sales slipped 68% to 5,676 units in March 2020 over March 2019.

Girish Wagh, president, commercial vehicles business unit, Tata Motors said, “Cumulatively, commercial vehicle domestic sale for FY20 at 3,10,855 units was 34% lower than FY19. Retail was 16% higher than offtake for the entire year. Domestic sales in March 2020 were 5,336 units, deeply impacted by the COVID 19 lockdown as well as the planned transition to BSVI. Retail sales was significantly ahead of wholesales (>300%). Almost all BSIV vehicles in the ecosystem have been retailed, however, some await registration which was halted due to the lockdown. This will be cleared in the window provided. Productionization of BSVI vehicles was on track and we have wholesaled the initial few BSVI vehicles. Our focus is to secure the extensive business continuity plan including ensuring full support to all our customers in need, particularly those who are transporting the essential goods during this challenging period.”

The scrip extended its decline for the second day. In two sessions, the stock has fallen 8.37% from a recent closing high of Rs 71.05 on 31 March 2020.

Tata Motors (TML) is the largest manufacturer of commercial vehicles and passenger vehicles in India. The company's products include light, medium, and heavy vehicles, such as trucks, pick-ups and buses, utility vehicles and passenger cars.

TML's consolidated net profit surged 106.4% to Rs 1,738.30 crore on a 6.8% decline in net sales to Rs 71,051.42 crore in Q3 December 2019 over Q3 December 2018.

03-Apr-2020  Tata Motors announces revision in LT issuer credit ratings (se...
Tata Motors announces revision in LT issuer credit ratings (senior unsecured notes)

Tata Motors announced the revision in credit ratings from S&P Global Ratings as under -

Tata Motors
Long term issuer credit rating (senior unsecured notes) - B/ Stable (Revised from B+/Negative)

Jaguar Land Rover Automotive Plc (Wholly owned subsidiary of Tata Motors)
Long term issuer credit rating (senior unsecured notes) - B/ Stable (Revised from B+/Negative)

03-Apr-2020  Tata Motors skids after S&P downgrades ratings, outlook stable
Tata Motors skids after S&P downgrades ratings, outlook stable

Tata Motors' long term issuer credit rating (senior unsecured notes) was downgraded to B/Stable from B+/Negative.

Jaguar Land Rover Automotive Plc's long term issuer credit rating (senior unsecured notes) was downgraded to B/Negative from B+/Negative.

The ratings factored weaker than expected credit matrix owing to the disruptions and economic impact from the COVID-19 outbreak.

Tata Motors' consolidated net profit surged 106.4% to Rs 1,738.30 crore on a 6.8% decline in net sales to Rs 71,051.42 crore in Q3 December 2019 over Q3 December 2018.

Tata Motors is a leading global automobile manufacturing company. Its diverse portfolio includes an extensive range of cars, sports utility vehicles, trucks, buses and defense vehicles.

Jaguar Land Rover is a British premium automaker headquartered in United Kingdom, and has been a wholly owned subsidiary of Tata Motors since June 2008.

03-Apr-2020  Tata Motors Ltd - Announcement under Regulation 30 (LODR)-Cred...
Tata Motors Ltd - Announcement under Regulation 30 (LODR)-Credit Rating

Pursuant to Regulation 30(6) read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the Regulation), we would like to inform that based on S&P Global Ratings letter dated April 2, 2020, the credit rating of the Company, has been downgraded. In accordance with the Regulation, please find enclosed the details of the revision in ratings of the Company: This is for the information of the exchange and the members.
03-Apr-2020  Tata Motors Ltd - Announcement under Regulation 30 (LODR)-Pres...
Tata Motors Ltd - Announcement under Regulation 30 (LODR)-Press Release / Media Release

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, enclosed herewith is the report on production, domestic sales and exports of the Company, which will be released to the Society of Indian Automobile Manufacturers (SIAM), the content of which is self-explanatory. This is for the information of the exchange and the members.
01-Apr-2020  Tata Motors Ltd - Announcement under Regulation 30 (LODR)-Pres...
Tata Motors Ltd - Announcement under Regulation 30 (LODR)-Press Release / Media Release

Tata Motors Monthly Sales March 2020 Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, enclosed herewith is a press release issued by the Company on the captioned subject, the content of which is self explanatory. This is for the information of the exchange and the members.
27-Mar-2020  Tata Motors corrects on profit booking
Tata Motors corrects on profit booking

The stock has added 3.20% in the past two sessions to end at Rs 70.80 yesterday, from a recent closing low of Rs 68.60 recorded on 24 March 2020.

Meanwhile, Moody's Investors Service on Thursday placed on review for downgrade Tata Motors' (TML) Ba3 corporate family rating and Ba3 senior unsecured debt rating. The outlook has been revised to ratings under review from negative.

Offering the ratings rationale, Moody's said that the rapid and widening spread of the coronavirus outbreak, deteriorating global economic outlook, falling oil prices, and asset price declines are creating a severe and extensive credit shock across many sectors, regions and markets. The combined credit effects of these developments are unprecedented. The automotive sector has been one of the sectors most significantly affected by the shock given its sensitivity to consumer demand and sentiment.

More specifically, weaknesses in TML's credit profile, including its exposure to final consumer demand for automobiles, have left it vulnerable to shifts in market sentiment in these unprecedented operating conditions, and the company remains vulnerable to the outbreak continuing to spread.

Moody's review for downgrade of TML's ratings considers that demand for new vehicles will reduce meaningfully over the coming months, especially in the EMEA and North American markets. This is likely to extend through the early summer at least, with a reasonable recovery from the low points commencing at that time. Moody's current assumptions are that global demand will shrink by about 14% for all of 2020, and could be down in the range of 30% for the second quarter.

Accelerating incidence of the coronavirus across the US and EMEA could lead to even more extended production shutdowns and a much delayed recovery on unit sales for TML's wholly owned subsidiary, Jaguar Land Rover Automotive Plc (JLR, B1 ratings under review for downgrade, RUR). Production facilities in JLR's UK facilities are mostly closed, as are factories along the broader auto supply chain. This should enable field inventories of unsold vehicles to be somewhat restrained, but also leads to potential for meaningful disruption even once new vehicle production starts back up, unless the original equipment manufacturers (OEMs) and the extended supply chain cooperate carefully.

For now, Moody's assumes a reasonable pace of recovery of demand as the third quarter develops, however the risk to the downside is considerable and further downside scenarios around the severity and duration of the pandemic are uncertain.

For the Chinese and Indian markets, Moody's expects auto sales to steadily improve from the level in the first quarter. Nevertheless, these markets also faces downside risks in terms of the pace and magnitude of the demand recovery.

Moody's expects to conclude the review within 90 days. In addition to the disruption from the outbreak of the coronavirus, the auto industry also faces a number of longer-term challenges related to environmental, social and governance (ESG) factors and megatrends.

These include increasing environmental standards, stricter emissions regulation and electrification; autonomous driving and connectivity; increasing vehicle safety regulations as well as; new market entrants.

Moody's expects TML, alike other automakers, will need to make sizeable investments over the coming years to weather these challenges, in turn constraining its ability to turn around profit and cash flow generation.

Tata Motors (TML) is the largest manufacturer of commercial vehicles and passenger vehicles in India. The company's products include light, medium, and heavy vehicles, such as trucks, pick-ups and buses, utility vehicles and passenger cars.

27-Mar-2020  Tata Motors Board approves plan to subsidiarize its Passenger...
Tata Motors Board approves plan to subsidiarize its Passenger Vehicles and EV business

The Board of Tata Motors has approved to subsidiarize the company's PV business (including EV) by transferring relevant assets, IPs and employees directly relatable to the PV business for it to be fully functional on a standalone basis through a slump sale. However, certain shared services and central functions will be retained at TML to deliver cost efficiencies for the entire group. The proposed transfer shall be implemented through a scheme of arrangement, which will be tabled for approval to the TML Board over the next few weeks. Implementation of the scheme will be subject to regulatory and statutory approvals as applicable, including approval of shareholders and creditors. The company expects the transfer process to be completed in the next one year.

The company has appointed Shailesh Chandra, President EV and Corporate Strategy as President PV business including EV with effect from 01 April 2020. He will be assuming responsibility for the PV business from Mayank Pareek.

27-Mar-2020  Tata Motors to separate passenger vehicles division
Tata Motors to separate passenger vehicles division

Tata Motors (TML) in a regulatory filing said its board has given an in-principle approval to subsidiarize TML's Passenger Vehicle business (including EV) by transferring relevant assets, IPs and employees directly relatable to the PV business for it to be fully functional on a standalone basis through a slump sale.

The proposed transfer shall be implemented through a scheme of arrangement, which will be tabled for approval to the TML board over the next few weeks. Implementation of the scheme will be subject to regulatory and statutory approvals as applicable, including approval of shareholders and creditors. TML expects the transfer process to be completed in the next one year.

The company added that over the last few years, Tata Motor's PV business has implemented a strong turnaround. The company boasts a fully refreshed BS-VI ready product portfolio, consistently improving NPS scores, improved retail market shares and an exciting entry into the EV space coupled with improved profitability.

However, the recent outbreak of COVID-19 virus has increased challenges faced by the company. In this situation, subsidiarization of the PV business is the first step in securing mutually beneficial strategic alliances that provide access to products, architectures, powertrains, new age technologies and capital.

The company also announced the appointment of Shailesh Chandra, President EV and Corporate Strategy as President PV business including EV with effect from 1 April 2020. He will be assuming responsibility for the PV business from Mayank Pareek. Shailesh's appointment at the start of the new financial year gives him the opportunity to shape the organization as we ready it to operate as a subsidiary once the necessary approvals are in place. Shailesh and Mayank will work on transition over the next few weeks and Mayank will be superannuating from Tata Motors at the end of February 2021.

Meanwhile, Moody's Investors Service on Thursday placed on review for downgrade Tata Motors' (TML) Ba3 corporate family rating and Ba3 senior unsecured debt rating. The outlook has been revised to ratings under review from negative. Offering the ratings rationale, Moody's said that the rapid and widening spread of the coronavirus outbreak, deteriorating global economic outlook, falling oil prices, and asset price declines are creating a severe and extensive credit shock across many sectors, regions and markets. The combined credit effects of these developments are unprecedented. The automotive sector has been one of the sectors most significantly affected by the shock given its sensitivity to consumer demand and sentiment.

Shares of Tata Motors fell 0.21% to Rs 70.65. The stock traded in a range of Rs 75.85 to 69.40 in intraday.

TML is the largest manufacturer of commercial vehicles and passenger vehicles in India. The company's products include light, medium, and heavy vehicles, such as trucks, pick-ups and buses, utility vehicles and passenger cars.

27-Mar-2020  Tata Motors Ltd - Announcement under Regulation 30 (LODR)-Pres...
Tata Motors Ltd - Announcement under Regulation 30 (LODR)-Press Release / Media Release

Announcements by Tata Motors Limited Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, enclosed herewith is a press release issued by the Company on the captioned subject, the content of which is self-explanatory. This is for the information of the exchange and the members
Incorporation Year 1945 
Registered Office Bombay House,24 Homi Mody Street Fort,
,
Maharashtra-400001
Telephone 91-22-66658282 
Fax 91-22-66657799 
Chairman N Chandrasekaran
Managing Director Guenter Butschek
Company Secretary H K Sethna 
Auditor B S R & Co LLP 
Face Value(Rs)
Market Lot
Listing BSE,London,Luxembourg,MSEI,New York,NSE 
Registrar TSR Darashaw Consultants P Ltd
6-10 Haji Moosa,Patrawala Ind.Estate,DrEMoses Rd Mahalaxm,Mumbai - 400 011 
Toll Free number: 1800-425-5501 / 1800-103-5501
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