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Tata Motors share price & results

Tata Motors Limited· Capital Goods· Industrials

Results to
Sept 2026
Latest analysed call
Q1 FY27
Ownership as of
Sept 2026

India's largest commercial-vehicle maker — trucks, buses, pickups and small CVs; No. 1 by market share.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue25,338 ₹ crore+36.3% YoYQuarterly, as filedQuarter to Sept 2026Revenue from operations as filed.
Operating margin10.0 %−1.0 pts YoYOperating profit / revenueQuarter to Sept 2026For the quarter; a change is in percentage points.
Net profit1,254 ₹ crore—Quarterly, as filedQuarter to Sept 2026Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown.
Return on equity46.77 %+1.3 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin15.36 %+3.3 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)22.66 %—Trailing twelve monthsTTM to Sept 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Sept 2026

Guidance

What management said, and what became of it

6 of 7 judged targets kept · 10 open · verdicts reflect calls analysed to Q1 FY27.

Tata Motors Limited management guidance track record on Inve: 17 targets tracked across analysed earnings calls (6 achieved, 1 missed, 10 open).

TargetOriginal wordingSaidLatest callVerdict
EBITDA MarginSustained double-digit EBITDA
Call transcript, Q2 FY26 · 13 Nov 2025		Q2 FY26Q1 FY27:Achieved 12th consecutive quarter with 11.7% standalone and 10.9% consolidated EBITDA margin.
Call transcript, Q1 FY27 · 12 Aug 2026		Achieved
Volume GrowthSingle-digit to higher single-digit growth across segments in H2
Call transcript, Q2 FY26 · 13 Nov 2025		Q2 FY26Q1 FY27:Historical target, period has passed.
Call transcript, Q1 FY27 · 12 Aug 2026		Achieved
Regulatory Approvals TimelineApprovals to come through by around February-March 2026
Call transcript, Q2 FY26 · 13 Nov 2025		Q2 FY26Q1 FY27:Timeline pushed again. Closure now expected by early November 2026 (Q3 FY27), vs prior guidance of Q2 FY27, due to one pending regulatory approval.
Call transcript, Q1 FY27 · 12 Aug 2026		Delayed

Source: Inve Guidance Tracker for Tata Motors Limited · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

1 of Tata Motors Limited's 17 targets was missed. See which ones, and which are quietly gone. The 3 above are the free sample; 14 more targets are in the full ledger.

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Price

₹384.05 −3.02% · −₹11.95

Last close 26 Oct 2026 · NSE · INR · Source: Inve

Performance +16.6% 1Y

₹350₹400₹450₹500Nov 25Dec 25Feb 26Mar 26May 26Jun 26Jul 26Sept 26Q2 FY26 — 13 Nov 2025Q3 FY26 — 29 Jan 2026Q4 FY26 — 13 May 2026Q1 FY27 — 12 Aug 2026

1Y: ₹329.45 on 12 Nov 2025 → ₹384.05. High ₹505.3 (27 Feb 2026), low ₹317.6 (14 Nov 2025).

Previous close
₹396
Market cap
₹1.5L Cr
52-week range
₹317.6 – ₹505.3
Price to earnings (TTM to Sept 2026)
20.58×
Return on equity (TTM to Sept 2026)
46.77%

Overview

Symbol
NSE:TMCV
Industry
Industrials
Exchange
NSE
Currency
INR

What Tata Motors Limited does

Based on the company's own presentations, annual report and earnings calls.

Tata Motors Limited (the demerged commercial-vehicles company, formerly TML Commercial Vehicles Ltd) designs, manufactures and sells the widest range of commercial vehicles in India — heavy trucks, intermediate/light/medium trucks, small commercial vehicles and pickups, and passenger carriers such as buses and vans. It earns from vehicle sales across these categories together with spare parts, service and digital fleet offerings, and operates through subsidiaries including Tata Daewoo (Korea), PT Tata Motors Indonesia and a joint operation with Tata Cummins for engines. It is India's largest CV manufacturer and is expanding an electric-vehicle and e-bus portfolio alongside its diesel range.

Segments

  • Heavy Commercial Vehicles (HCV)
  • Intermediate, Light & Medium CV (ILMCV)
  • Small Commercial Vehicles & Pickups (SCV & PU)
  • CV Passenger
  • Parts & Services
Market position
No. 1 — India's largest commercial-vehicle manufacturer (VAHAN, FY26)
Vehicles sold (FY26)
435,227
Manufacturing sites
11 (Jamshedpur, Pantnagar, Dharwad, Pune, Lucknow)
R&D / engineering centres
3
Dealer network
314 dealers across India (North 104, West 80, East 72, South 58)
Connected vehicles (FleetEdge)
Over 1 million
Founded 2024Headquarters Mumbai, IndiaEmployees 40,578 (FY26 (March 31, 2026)) Company website

How the price took the results

close before → close after

Q1 FY27
+1.6%
12 Aug
Q4 FY26
−0.7%
13 May
Q3 FY26
+0.5%
29 Jan
Q2 FY26
−2.6%
13 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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