Time period given by analyst is one year when Tata Motors Ltd. price can reach defined target.
Tata Motors Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 168306.40 Crore) operating in Auto sector.
Tata Motors Ltd. key Products/Revenue Segments include Motor Vehicles, Spare Parts & Others, Miscellaneous Goods, Other Operating Revenue and Sale of services for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 66988.05 Crore, down -25.00 % from last quarter Total Income of Rs 89319.34 Crore and up 105.55 % from last year same quarter Total Income of Rs 32589.59 Crore. Company reported net profit after tax of Rs -4320.60 Crore in latest quarter.
Investment Rationale
The brokerage believes, the EVCo value unlock is largely in-line with early stage valuation of global pure-play electric companies (e.g. Nio/XPeng). The consumer centric approach coupled with structured aggression in EVs with collaboration among partners (internal/external) is a unique proposition, remains hard to replicate for peers. The brokerage believes, this pivot is likely to cause de-rating for ICE only Indian OEMs with no clear EV strategy/intent as the transition risk is now much more heightened.
Promoter/FII Holdings
Promoters held 46.41 per cent stake in the company as of 30-Jun-2021, while FIIs owned 14.28 per cent, DIIs 11.48 per cent.
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