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TMPV.BO BSE

Tata Motors Passenger Vehicles
1W: -5.3% 1M: -9.8% 3M: -18.6% YTD: -26.2% 1Y: -57.8% 3Y: -54.1% 5Y: -3.6%
₹280.00 ($2.91)
-4.85 (-1.70%)
 
BSE · Consumer Cyclical · Auto - Manufacturers · Tech Score Strong Sell · Power 27 · ₹1.03T mcap · 1.97B float · 0.039% daily turnover
Overview Chart Financials Income Statement Cash Flow Balance Sheet Earnings
Analysis Technicals Weather Peers ETF Exposure

Financial Rating

Composite financial health rating (A+ to F) based on discounted cash flow valuation, return on equity, return on assets, debt-to-equity leverage, and relative P/E and P/B multiples.

C+
Oct 01, 2026
DCF
4
ROE
1
ROA
1
D/E
1
P/E
4
P/B
1
The Financial Rating evaluates six fundamental factors — discounted cash flow (DCF) valuation, return on equity (ROE), return on assets (ROA), debt-to-equity leverage (D/E), and relative price-to-earnings (P/E) and price-to-book (P/B) multiples — each scored 1–5. TMPV.BO receives an overall rating of C+. Strongest factors: DCF (4/5), P/E (4/5). Areas of concern: ROE (1/5), ROA (1/5), D/E (1/5), P/B (1/5).
Rating Change History
DateFromTo
2026-08-17 A- C+
2026-07-13 A+ A-
2026-05-21 C+ A+
2026-04-30 B- C+
2026-04-24 C+ B-
2026-04-08 B- C+
2026-04-06 C+ B-
2026-02-09 A+ C+
2026-02-04 B+ A+

InsiderStreet Scorecard

Proprietary multi-factor scorecard rating companies across seven fundamental dimensions — profitability, balance sheet strength, earnings quality, growth, value, momentum, and safety — each scored 0–100.

★ ★ ★ ★ ★ 16 Grade B
Profitability
19
Balance Sheet
51
Earnings Quality
65
Growth
0
Value
50
Momentum
40
Safety
15
Cash Flow
25
The InsiderStreet Scorecard rates companies across eight dimensions: Profitability (margins, ROA, ROE), Balance Sheet (leverage, liquidity, coverage), Earnings Quality (accruals, cash conversion), Growth (revenue and earnings trajectory), Value (P/E, P/B, earnings yield, Graham criteria), Momentum (revenue and earnings acceleration), Safety (Altman Z-Score risk adjustment), and Cash Flow (operating cash flow quality, FCF conversion, cash coverage). The overall score blends 35% quality, 35% value, and 30% momentum, with a penalty for distress-zone Altman scores. TMPV.BO scores highest in Earnings Quality (65/100) and lowest in Growth (0/100). A grade of B indicates above-average fundamentals with room for improvement in select areas.

Risk & Quality Signals

Academic financial models used by institutional investors to assess bankruptcy risk, earnings manipulation, financial strength, and credit quality.

Altman Z-Score
1.02
Distress Zone
Piotroski F-Score
5/9
✓ ✓ ✗ ✓ ✗ ✓ ✗ ✓ ✗
Beneish M-Score
-0.85
Possible Manipulator
Ohlson O-Score
-8.52
Bankruptcy prob: 0.0%
Low Risk
Credit Rating
B+
Score: 30.8/100
Trend: Deteriorating
Earnings Quality
75/100
OCF/NI: 15.45x
Accruals: -14.4%
The Altman Z-Score (1968) combines five ratios — working capital, retained earnings, EBIT, market value of equity, and sales, all relative to total assets or liabilities — into a single bankruptcy predictor. TMPV.BO scores 1.02, placing it in the Distress Zone (safe > 2.99, distress < 1.81). Historically, companies in this range face elevated bankruptcy risk. The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. TMPV.BO scores 5/9, indicating moderate financial health — some areas of strength offset by weaknesses in others. The Beneish M-Score (1999) is an 8-variable model that detects earnings manipulation by comparing year-over-year changes in receivables, gross margins, asset quality, sales growth, depreciation, SG&A, leverage, and accruals. Scores above −1.78 statistically resemble past manipulators. TMPV.BO's score of -0.85 exceeds the −1.78 red flag threshold — this does not confirm manipulation but indicates the earnings profile resembles past manipulators statistically. The Ohlson O-Score (1980) is a 9-variable logistic regression that estimates bankruptcy probability using firm size, leverage, working capital, current ratio, profitability (ROA), cash flow coverage, negative equity flag, consecutive losses flag, and earnings trajectory. The raw score is converted to a probability via logistic transformation. TMPV.BO's implied 0.0% bankruptcy probability is well within safe territory. Our Credit Rating model scores companies on five weighted components — solvency (30%), earning power (25%), leverage (20%), liquidity (15%), and cash flow quality (10%) — then blends the absolute score with sector and industry peer rankings. For companies with large buyback programs, equity is adjusted by adding back cumulative 5-year repurchases (capped at 80% of FCF generated) to avoid penalizing shareholder-friendly capital allocation. TMPV.BO receives an estimated rating of B+ (score: 30.8/100), with a deteriorating trend. The Earnings Quality score measures how well reported earnings are backed by real cash. It evaluates the operating cash flow to net income ratio (OCF/NI ≥ 1.0 means every dollar of earnings is cash-backed) and the accruals ratio (the gap between earnings and cash flow relative to assets — lower is better). TMPV.BO's score of 75/100 is high — cash flows strongly support reported earnings.

Valuation

Key valuation multiples comparing the stock's market price to its earnings, revenue, book value, and cash flows. Lower multiples may indicate relative undervaluation versus peers.

P/E
1.30x
PEG
0.00x
P/S
0.30x
P/B
0.92x
P/FCF
-69.89x
P/OCF
3.31x
EV/EBITDA
9.03x
EV/Revenue
0.66x
EV/EBIT
29.80x
EV/FCF
-91.39x
Earnings Yield
1.96%
FCF Yield
-1.43%
Shareholder Yield
3.61%
Graham Number
$199.19
Equity-based multiples (P/E, P/B, P/FCF) compare the stock price to per-share fundamentals and are affected by capital structure. Enterprise value multiples (EV/EBITDA, EV/Revenue, EV/FCF) strip out debt and cash, making them more useful for cross-company comparisons regardless of how companies are financed. The Graham Number — √(22.5 × EPS × Book Value) — is Benjamin Graham's formula for the maximum price a defensive investor should pay. At 1.3x earnings, TMPV.BO trades at a deep value multiple. Graham's intrinsic value formula yields $199.19 per share, 41% below the current price.

DuPont Decomposition (5-Factor)

The 5-factor DuPont framework breaks Return on Equity into its component drivers — tax efficiency, interest burden, operating profitability, asset utilization, and financial leverage — to reveal what truly drives shareholder returns.

Tax Burden
0.734
NI / EBT
×
Interest Burden
0.607
EBT / EBIT
×
EBIT Margin
0.022
EBIT / Rev
×
Asset Turnover
1.006
Rev / Assets
×
Equity Multiplier
3.492
Assets / Equity
=
ROE
3.5%
The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. TMPV.BO's ROE of 3.5% is driven by financial leverage (equity multiplier: 3.49x). Note: high leverage means ROE is amplified by debt rather than operational performance.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

Two adjustments we make, and why. Growth is capped at 15%. Graham defined g as expected growth over the next seven to ten years, not last year's rate. Across US companies since 1994 the median realized 7-year EPS growth is 5–8% regardless of how fast a company grew beforehand, and of 4,457 company-quarters that grew faster than 200%, none sustained it. Uncapped, the formula assigned fair multiples in the hundreds to companies that had never held that rate — and scored worse than simply reading the P/E. Capped, it carries real information. The verdict has three states, not two. Tested over 377,249 stock-months, this ratio only separates outcomes at its extremes: below 0.25 beat the universe by 1.3 points a year, above 3.0 lagged by 2.7, and everything in between sat inside a one-point band. Rather than call two-thirds of the market "undervalued" on a threshold of 1.0, we say Neutral where the model cannot tell — which is most of the time.

Adj. Growth Rate
0.00%
Fair P/E
8.50x
Intrinsic Value
$49.27
Price/Value
6.01x
Margin of Safety
-501.31%
Premium
501.31%
Assessment
Overvalued
Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with TMPV.BO's realized 0.0% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. TMPV.BO trades at a 501% premium to its adjusted intrinsic value of $49.27, suggesting the market is pricing in future growth beyond what historical earnings support. The adjusted fair P/E of 8.5x compares to the current market P/E of 1.3x.

Profitability Trends

Historical profitability ratios tracking how efficiently the company converts revenue into returns for shareholders over time.

Leverage & Solvency Trends

Debt and liquidity metrics showing the company's financial leverage and ability to meet short-term and long-term obligations.

Efficiency & Working Capital Trends

Operating efficiency metrics measuring how quickly the company converts inventory to sales, collects receivables, and manages its cash conversion cycle.

Growth Trends (YoY %)

Year-over-year growth rates for key financial metrics, showing the trajectory of revenue, earnings, and cash flow generation.

Earnings Stability

R-squared of linear regression measuring how predictably revenue, earnings, and margins follow a trend over the trailing 5 years. 1.0 = perfectly predictable; lower values indicate erratic or cyclical behavior.

Monte Carlo Price Simulation

Geometric Brownian Motion with 1,000 antithetic paths over 1 year, seeded from 1800 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price
$280.00
Median 1Y
$270.96
5th Pctile
$131.64
95th Pctile
$557.27
Ann. Volatility
45.1%
25th–75th percentile 5th–95th percentile Median path Historical
All Ratios & Metrics

Complete fundamental data with up to 20 periods of history, sparkline trends, and current values across 13 categories and 130+ financial metrics.

Profitability
Metric Trend Q4'25 Q1'26 Q2'26 Q3'26 Q4'26 Current
ROE 7.3% 10.7% 8.8% 1.2% 3.5% 3.49%
ROA 2.2% 3.3% 2.0% 34.5% 1.0% 1.00%
ROIC 23.4% 41.7% 2.4% -1.1% -5.0% -5.04%
ROCE 6.1% 8.9% 66.4% -49.2% 2.2% 2.20%
Gross Margin 44.1% 43.3% 33.1% 37.0% 36.5% 36.55%
Operating Margin 31.6% 29.0% -18.8% -17.1% -1.3% -1.31%
Net Margin 7.1% 3.8% 1.1% -5.0% 5.5% 5.51%
EBITDA Margin 15.6% 8.4% -3.5% 1.3% 12.5% 12.52%
FCF Margin 5.2% 5.6% 3.4% -2.3% -0.7% -0.73%
OCF Margin 13.2% 14.1% 14.5% 15.7% 15.3% 15.34%
ROIC Economic snapshot only -3.88%
Cash ROA snapshot only 8.64%
Cash ROIC snapshot only 22.65%
CROIC snapshot only -1.07%
NOPAT Margin snapshot only -3.42%
Pretax Margin snapshot only 1.35%
R&D / Revenue snapshot only 3.03%
SGA / Revenue snapshot only 2.49%
SBC / Revenue snapshot only 0.01%
Valuation
Metric Trend Q4'25 Q1'26 Q2'26 Q3'26 Q4'26 Current
P/E Ratio 29.05 20.45 1.68 1.85 51.11 1.298
P/S Ratio 2.06 1.13 0.48 0.76 0.51 0.301
P/B Ratio 2.12 2.18 14.73 13.17 0.97 0.918
P/FCF 39.27 20.23 14.39 -33.55 -69.89 -69.894
P/OCF 15.60 8.04 3.32 4.85 3.31 3.308
EV/EBITDA 13.41 9.40 5.78 148.67 9.03 9.028
EV/Revenue 2.09 1.15 0.50 0.80 0.66 0.664
EV/EBIT 19.48 13.73 11.87 -14.38 29.80 29.795
EV/FCF 39.92 20.56 14.98 -35.10 -91.39 -91.394
Earnings Yield 3.4% 4.9% 59.5% 54.1% 2.0% 1.96%
FCF Yield 2.5% 4.9% 7.0% -3.0% -1.4% -1.43%
PEG Ratio snapshot only 0.005
Price/Tangible Book snapshot only 23.789
EV/OCF snapshot only 4.326
EV/Gross Profit snapshot only 1.934
Shareholder Yield snapshot only 3.61%
Graham Number snapshot only $199.19
Leverage & Solvency
Metric Trend Q4'25 Q1'26 Q2'26 Q3'26 Q4'26 Current
Current Ratio 0.96 0.96 0.63 0.63 0.84 0.844
Quick Ratio 0.68 0.68 0.40 0.40 0.54 0.539
Debt/Equity 0.62 0.62 0.88 0.88 0.73 0.726
Net Debt/Equity 0.04 0.04 0.61 0.61 0.30 0.300
Debt/Assets 0.19 0.19 0.20 0.20 0.21 0.213
Debt/EBITDA 3.84 2.61 0.33 9.44 5.15 5.150
Net Debt/EBITDA 0.22 0.15 0.23 6.57 2.12 2.124
Interest Coverage 16.80 107.83 11.91 -5.24 2.52 2.517
Equity Multiplier 3.26 3.26 4.41 4.41 3.41 3.408
Cash Ratio snapshot only 0.291
Debt Service Coverage snapshot only 8.305
Cash to Debt snapshot only 0.588
FCF to Debt snapshot only -0.019
Defensive Interval snapshot only 265.3 days
Efficiency & Turnover
Metric Trend Q4'25 Q1'26 Q2'26 Q3'26 Q4'26 Current
Asset Turnover 0.32 0.59 6.91 0.84 1.01 1.006
Inventory Turnover 1.41 2.66 31.50 4.47 5.04 5.036
Receivables Turnover 9.02 16.90 89.46 21.17 26.67 26.675
Payables Turnover 0.69 1.29 12.80 2.12 2.63 2.629
DSO 40 22 4 17 14 13.7 days
DIO 258 137 12 82 72 72.5 days
DPO 532 282 29 172 139 138.8 days
Cash Conversion Cycle -233 -124 -13 -73 -53 -52.7 days
Fixed Asset Turnover snapshot only 2.153
Operating Cycle snapshot only 86.2 days
Cash Velocity snapshot only 4.494
Capital Intensity snapshot only 1.777
Growth (YoY)
Metric Trend Q4'25 Q1'26 Q2'26 Q3'26 Q4'26 Current
Revenue — — — -20.8% -31.3% -31.31%
Net Income — — — 4.9% -97.6% -97.63%
EPS — — — 4.9% -97.6% -97.63%
FCF — — — -1.3% -1.1% -1.15%
EBITDA — — — -96.5% -42.0% -42.02%
Op. Income — — — -1.3% -1.2% -1.17%
OCF Growth snapshot only -27.51%
Asset Growth snapshot only 7.43%
Equity Growth snapshot only 9.91%
Debt Growth snapshot only 8.05%
Shares Change snapshot only 0.03%
Dividend Growth snapshot only -0.67%
Growth Quality
Metric Trend Q4'25 Q1'26 Q2'26 Q3'26 Q4'26 Current
Revenue Stability — — — — — —
Earnings Stability — — — — — —
Margin Stability — — — — — —
Rev. Growth Consistency 0.00 0.00 0.00 0.00 0.00 0.000
Earn. Growth Consistency 0.00 0.00 0.00 0.50 0.00 0.000
FCF Positive Streak 0 0 0 0 0 0
Earnings Persistence — — — — — —
Earnings Smoothness — — — 0.00 0.00 0.000
ROE Trend — — — — — —
Gross Margin Trend — — — — — —
FCF Margin Trend — — — — — —
Sustainable Growth Rate 6.8% 9.7% 8.4% 1.1% -2.9% -2.90%
Internal Growth Rate 2.1% 3.1% -2.1% 46.9% — —
Cash Flow Quality
Metric Trend Q4'25 Q1'26 Q2'26 Q3'26 Q4'26 Current
OCF/Net Income 1.86 2.55 0.51 0.38 15.45 15.450
FCF/OCF 0.40 0.40 0.23 -0.14 -0.05 -0.047
FCF/Net Income snapshot only -0.731
OCF/EBITDA snapshot only 2.087
CapEx/Revenue 8.0% 8.5% 11.2% 18.0% 16.1% 16.07%
CapEx/Depreciation snapshot only 3.136
Accruals Ratio -0.02 -0.05 0.98 0.21 -0.14 -0.144
Sloan Accruals snapshot only -0.127
Cash Flow Adequacy snapshot only 0.858
Earnings Quality Score snapshot only 0.750
Dividends & Buybacks
Metric Trend Q4'25 Q1'26 Q2'26 Q3'26 Q4'26 Current
Dividend Yield 0.2% 0.5% 2.6% 4.1% 3.6% 1.07%
Dividend/Share $1.56 $3.13 $10.68 $15.11 $10.61 $3.00
Payout Ratio 6.8% 9.3% 4.4% 7.6% 1.8% 1.83%
FCF Payout Ratio 9.2% 9.2% 37.4% — — —
Total Payout Ratio 7.0% 9.5% 4.4% 7.6% 1.8% 1.84%
Div. Increase Streak 0 0 0 1 0 0
Chowder Number — — — 3.87 0.03 0.029
Buyback Yield 0.0% 0.0% 0.0% 0.0% 0.0% 0.03%
Net Buyback Yield -0.1% -0.2% -0.5% -0.4% -0.5% -0.48%
Total Shareholder Return 0.1% 0.2% 2.1% 3.7% 3.1% 3.10%
DuPont Factors
Metric Trend Q4'25 Q1'26 Q2'26 Q3'26 Q4'26 Current
Tax Burden (NI/EBT) 0.74 0.73 8.43 -6.26 0.73 0.734
Interest Burden (EBT/EBIT) 0.90 0.91 0.80 1.19 0.61 0.607
EBIT Margin 0.11 0.08 0.04 -0.06 0.02 0.022
Asset Turnover 0.32 0.59 6.91 0.84 1.01 1.006
Equity Multiplier 3.26 3.26 4.41 3.35 3.49 3.492
Per Share
Metric Trend Q4'25 Q1'26 Q2'26 Q3'26 Q4'26 Current
EPS (Diluted TTM) $23.01 $33.64 $244.31 $198.89 $5.80 $5.80
Book Value/Share $315.49 $315.22 $27.89 $27.90 $304.25 $322.73
Tangible Book/Share $90.30 $90.22 $18.90 $18.91 $12.45 $12.45
Revenue/Share $324.62 $607.71 $849.88 $481.45 $583.59 $928.86
FCF/Share $17.02 $34.01 $28.55 $-10.95 $-4.24 $-22.49
OCF/Share $42.85 $85.63 $123.57 $75.79 $89.55 $-4.96
Cash/Share $183.19 $183.03 $7.43 $7.43 $129.85 $129.88
EBITDA/Share $50.67 $74.37 $74.02 $2.59 $42.91 $42.91
Debt/Share $194.33 $194.16 $24.41 $24.42 $220.98 $220.98
Net Debt/Share $11.15 $11.14 $16.98 $16.99 $91.13 $91.13
Academic Models
Metric Trend Q4'25 Q1'26 Q2'26 Q3'26 Q4'26 Current
Altman Z-Score — — — — — 1.021
Altman Z-Prime snapshot only 0.658
Piotroski F-Score 4 4 3 5 5 5
Beneish M-Score — — — -0.90 -0.85 -0.850
Ohlson O-Score snapshot only -8.518
ROIC (Greenblatt) snapshot only 6.45%
Net-Net WC snapshot only $-337.54
EVA snapshot only $-219082885144.43
Credit
Metric Trend Q4'25 Q1'26 Q2'26 Q3'26 Q4'26 Current
Credit Rating snapshot only B+
Credit Score 53.72 59.21 91.56 43.96 30.82 30.820
Credit Grade snapshot only 14
Credit Trend snapshot only -22.897
Implied Spread (bps) snapshot only 650.000
Industry Credit Rank snapshot only 28
Sector Credit Rank snapshot only 18

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms