	2012 Mar 31	C 2013 Mar 31	C 2014 Mar 31	C 2015 Mar 31	R 2016 Mar 31	2017 Mar 31	2018 Mar 31	2019 Mar 31	2020 Mar 31	2021 Mar 31	2022 Mar 31	2023 Mar 31	R 2024 Mar 31	R 2025 Mar 31	2026 Mar 31

Period length: Source:	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR
Total Revenue	1,65,654	1,88,793	2,32,834	2,63,159	2,73,046	2,69,693	2,94,619	3,01,938	2,61,068	2,49,795	2,78,454	3,45,967	4,34,016	3,66,094	3,35,582
Cost of Operating Revenue	1,10,601	1,21,448	1,45,031	1,61,860	1,57,718	1,64,512	1,85,585	1,96,961	1,66,483	1,61,786	1,83,209	2,26,922	2,67,567	2,08,394	1,98,654
Gross Profit	55,054	67,344	87,802	1,01,299	1,15,328	1,05,180	1,09,035	1,04,977	94,585	88,009	95,245	1,19,045	1,66,449	1,57,700	1,36,928
Gross Margin	33.2	35.7	37.7	38.5	42.2	39.0	37.0	34.8	36.2	35.2	34.2	34.4	38.4	43.1	40.8
Total Operating Expenses	1,49,374	1,71,365	2,10,688	2,37,269	2,50,378	2,53,958	2,83,996	3,01,289	2,62,402	2,44,203	2,78,524	3,36,857	4,01,852	3,40,361	3,35,998
Operating Profit	16,280	17,428	22,146	25,890	22,668	15,735	10,624	649	-1,334	5,591	-71	9,110	32,164	25,733	-416
Operating Margin	9.8	9.2	9.5	9.8	8.3	5.8	3.6	0.2	-0.5	2.2	-	2.6	7.4	7.0	-0.1
Financing Income/(Expense) - Net	-3,230	-3,181	-2,295	-4,007	-5,734	-7,575	-2,769	-5,861	-7,791	-5,854	-8,731	-8,824	-5,077	-642	-2,130
Profit before Taxes	13,534	13,647	18,869	21,703	14,126	9,315	11,155	-31,371	-10,580	-10,474	-7,003	3,058	28,429	28,454	-1,623
Income Taxes	-40	3,777	4,765	7,643	3,025	3,251	4,342	-2,437	395	2,542	4,231	704	-4,024	9,060	-246
Profit after Tax	13,517	9,893	13,991	13,986	11,579	7,454	8,989	-28,826	-12,071	-13,451	-11,441	2,414	31,399	27,830	82,390
PAT Margin	8.2	5.2	6.0	5.3	4.2	2.8	3.1	-9.5	-4.6	-5.4	-4.1	0.7	7.2	7.6	24.6
EPS - Basic - ex Extraordinary Items	42.14	30.70	43.07	43.00	34.27	21.95	26.47	-84.89	-34.88	-36.99	-29.88	6.30	83.65	54.01	-4.43
EPS - Diluted - ex Extraordinary Items	40.29	30.63	43.06	42.99	34.26	21.95	26.46	-84.89	-34.88	-36.99	-29.88	6.30	81.90	53.98	-4.43
EBIT	16,280	17,428	22,146	25,890	22,668	15,735	10,624	649	-1,334	5,591	-71	9,110	32,164	25,733	-416
EBITDA	21,905	25,029	33,224	39,278	39,379	33,640	32,177	24,240	20,092	29,138	24,765	33,971	59,403	46,835	19,368
EBITDA Margin	13.2	13.3	14.3	14.9	14.4	12.5	10.9	8.0	7.7	11.7	8.9	9.8	13.7	12.8	5.8

Balance Sheet

Abridged

Understanding Balance Sheet

Tata Motors Passenger Vehicles Ltd. balance sheet covering assets, liabilities, equity and borrowings across annual and quarterly periods.

Consolidated

Standalone

Annual

Interim

	R 2012 Mar 31	R 2013 Mar 31	2014 Mar 31	R 2015 Mar 31	R 2016 Mar 31	C 2017 Mar 31	2018 Mar 31	2019 Mar 31	2020 Mar 31	2021 Mar 31	2022 Mar 31	2023 Mar 31	2024 Mar 31	2025 Mar 31	2026 Mar 31

Source:	AR	AR	AR	AR	AR	AR	AR	AR	AR	AR	AR	AR	AR	AR	AR
Total Current Assets	64,461	74,154	95,845	99,557	1,09,924	1,16,120	1,35,973	1,23,431	1,19,587	1,46,888	1,46,978	1,51,528	1,67,718	1,59,811	1,37,857
Long-Term Investments	723	771	731	185	770	691	764	1,498	1,028	1,449	2,404	3,057	3,487	2,948	2,248
Property Plant & Equipment - Net	30,240	37,074	50,832	63,117	71,478	69,781	90,011	81,158	92,758	94,508	91,115	89,662	92,121	98,636	99,829
Total Non-Current Assets	80,470	96,225	1,24,153	1,38,587	1,57,217	1,57,635	1,95,378	1,83,763	2,02,534	1,96,238	1,83,642	1,84,553	2,02,946	2,18,831	2,44,065
Total Assets	1,44,931	1,70,378	2,19,998	2,38,144	2,67,141	2,73,754	3,31,351	3,07,195	3,22,121	3,43,126	3,30,620	3,36,081	3,70,664	3,78,642	3,81,922
Total Current Liabilities	73,268	86,546	92,356	99,394	1,07,049	1,15,630	1,43,219	1,45,457	1,40,454	1,57,749	1,50,683	1,55,027	1,73,617	1,66,684	1,64,305
Long Term Debt	27,995	32,155	45,259	54,607	50,510	60,629	61,200	70,974	88,479	98,525	1,03,722	96,264	72,366	50,323	54,307
Total Non-Current Liabilities	38,658	45,825	61,618	83,048	80,706	99,610	92,178	1,01,034	1,14,443	1,25,248	1,28,464	1,25,477	99,626	82,714	90,790
Total Liabilities	1,11,926	1,32,370	1,53,974	1,82,441	1,87,756	2,15,239	2,35,398	2,46,492	2,54,897	2,82,997	2,79,147	2,80,504	2,73,243	2,49,398	2,55,095
Total Shareholders' Equity	32,699	37,637	65,603	55,273	78,952	58,062	95,428	60,180	66,411	58,555	47,202	48,300	89,245	1,22,634	1,20,053
Minority Interest	307	370	421	430	433	453	525	523	814	1,573	4,271	7,278	8,176	6,610	6,774
Total Equity	33,006	38,008	66,024	55,702	79,385	58,515	95,953	60,703	67,224	60,129	51,473	55,578	97,421	1,29,244	1,26,827
Total Liabilities & Equity	1,44,931	1,70,378	2,19,998	2,38,144	2,67,141	2,73,754	3,31,351	3,07,195	3,22,121	3,43,126	3,30,620	3,36,081	3,70,664	3,78,642	3,81,922

Cash Flow

Abridged

Understanding Cash Flow Statement

Tata Motors Passenger Vehicles Ltd. cash flow statement covering operating, investing and financing activities across annual and quarterly periods.

Consolidated

Standalone

Annual

Interim

	2012 Mar 31	R 2013 Mar 31	2014 Mar 31	C 2015 Mar 31	R 2016 Mar 31	2017 Mar 31	2018 Mar 31	2019 Mar 31	2020 Mar 31	2021 Mar 31	2022 Mar 31	2023 Mar 31	2024 Mar 31	2025 Mar 31	2026 Mar 31

Period length: Source:	12M 20-F	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR
Operating CF bef Changes in Working Cap	17,782	18,251	24,885	33,658	31,644	22,257	25,587	19,876	15,175	21,416	16,190	30,199	53,797	46,745	17,350
Working Capital - Increase/(Decrease)	-2,280	-3	5,774	-3,672	1,313	3,254	-6,434	-7,212	5,065	-93	-10,474	-3,127	7,325	8,156	-9,038
Net CF from Operating Activities	15,502	18,248	30,659	29,987	32,957	25,512	19,153	12,663	20,240	21,323	5,716	27,072	61,122	54,901	8,312
Capital Expenditures - Net	13,783	18,826	26,925	31,888	31,444	30,413	35,049	35,236	29,531	19,855	14,938	18,109	31,183	37,068	36,236
Net CF from Investing Activities	-21,034	-24,243	-30,572	-35,630	-38,278	-38,729	-26,908	-20,489	-35,296	-26,572	-5,460	-17,824	-25,368	-50,078	-26,850
Dividends Paid - Cash - Total	1,479	1,527	689	681	-	73	-	-	-	2	2	-	769	2,303	2,203
Stock - Issuance/(Retirement) - Net	0	0	0	-	7,433	5	-	-	3,889	2,603	3,769	3,770	82	35	18
Debt - LT & ST - Issuance/(Retirement) - Total	12,452	7,468	4,117	13,030	-5,405	11,658	7,518	15,930	7,098	15,455	2,203	-20,140	-30,509	-10,452	6,170
Net Cash Flow from Financing Activities	9,941	2,973	2,287	11,508	1,921	11,542	7,422	15,835	10,908	18,027	5,871	-16,907	-27,674	-12,972	3,767
Free Cash Flow to Equity	14,171	6,891	7,851	11,129	-3,892	6,756	-8,377	-6,643	-2,192	16,923	-7,019	-11,177	-569	7,381	-21,754
Free Operating CF net dividend	147	-2,141	2,996	-2,657	1,454	-5,028	-15,926	-22,640	-9,462	1,116	-9,454	8,678	28,940	14,556	-30,173
Free Operating CF	1,626	-614	3,684	-1,976	1,454	-4,955	-15,926	-22,640	-9,462	1,118	-9,452	8,678	29,709	16,859	-27,970

Business Segment Analysis

FY End:

Mar 26

Tata Motors Passenger Vehicles Ltd. business segment breakdown covering revenue, operating income and assets across key divisions for the selected financial year.

Revenue / Sales

Jaguar and Land Rover Business (44.9%)₹ 2,73,303.00 CrJaguar and Land Rover (44.9%)₹ 2,73,293.00 CrPassenger Vehicle (9.6%)₹ 58,464.00 CrOther (0.6%)₹ 3,713.00 CrCorporata/Unallocable (0.0%)₹ 112.00 Cr

Assets

Jaguar and Land Rover (88.0%)₹ 2,70,233.00 CrPassenger Vehicle (8.9%)₹ 27,487.00 CrOther (2.3%)₹ 7,051.00 CrCorporata/Unallocable (0.8%)₹ 2,425.00 Cr

Regional Segment Analysis

FY End:

Mar 26

Tata Motors Passenger Vehicles Ltd. geographic revenue split showing domestic and international market performance across revenue and income for the selected financial year.

Revenue / Sales

Middle East Northern America (52.7%)₹ 3,53,602.00 CrUnited States (10.5%)₹ 70,362.00 CrIndia (9.6%)₹ 64,274.00 CrUnited Kingdom (8.3%)₹ 55,391.00 CrRest of Europe (7.0%)₹ 46,872.00 CrChina (6.4%)₹ 42,979.00 CrRest of world, (5.6%)₹ 37,684.00 Cr

Historical Segment Analysis

Track how Tata Motors Passenger Vehicles Ltd. segment contributions have evolved over multiple financial years to see which divisions are growing, shrinking or gaining strategic importance.

Capex

Sales

Assets

Business

Regional

Business

	2010 Mar 31	2011 Mar 31	2012 Mar 31	2013 Mar 31	2014 Mar 31	2015 Mar 31	2016 Mar 31	2017 Mar 31	2018 Mar 31	2019 Mar 31	2020 Mar 31	2021 Mar 31	2022 Mar 31	2023 Mar 31	2024 Mar 31	2025 Mar 31

Eliminations	-127	-66	-121	-111	-118	-147	-	-	-	-	-	-	-	-	-	-
Intersegment Eliminations	0	0	0	-	-	-	-84	-175	-19	0	0	0	0	-62	-47	45
Jaguar and Land Rover Business	5,440	6,356	11,323	-	-	-	27,616	27,783	39,094	31,268	26,161	16,290	12,160	12,951	27,015	34,388
Other	70	33	5	41	76	75	212	124	84	66	-72	-39	45	63	96	-198
Tata and other brand vehicles	3,478	2,702	3,700	-	-	-	3,682	4,019	-	-	-	-	-	-	-	-
Automotive and related activity	-	-	-	21,537	28,320	34,961	-	-	-	-	-	-	-	-	-	-
Commercial Vehicle	-	-	-	-	-	-	-	-	1,402	2,120	2,380	1,656	2,022	2,202	2,052	2,103
Corporata/Unallocable	-	-	-	-	-	-	-	-	86	76	426	-68	1	6	1	0
Intra segment elimination	-	-	-	-	-	-	-	-	0	0	0	0	0	0	-17	-44
Passenger Vehicle	-	-	-	-	-	-	-	-	1,977	3,032	2,255	823	659	3,347	4,746	4,179
Vechile Financing	-	-	-	-	-	-	-	-	47	72	72	68	20	36	72	58

Frequently Asked Questions

What is the revenue of Tata Motors Passenger Vehicles Ltd.?

The latest trailing twelve month revenue of Tata Motors Passenger Vehicles Ltd. is ₹ 3,35,582.00 Cr, reflecting a 1-year growth of -23.68% and a 3-year CAGR of -1.01%. Annual and quarterly revenue trends are available in the Income Statement section.

What is the net profit of Tata Motors Passenger Vehicles Ltd.?

The latest trailing twelve month net profit (PAT) of Tata Motors Passenger Vehicles Ltd. is ₹ 82,390.00 Cr, with a 3-year earnings CAGR of -39.29%. Detailed profit history across annual and quarterly periods is in the Income Statement section.

What is the EBITDA of Tata Motors Passenger Vehicles Ltd.?

The trailing twelve month EBITDA of Tata Motors Passenger Vehicles Ltd. is approximately ₹ 227.00 Cr (based on an operating margin of 0.07%). EBITDA reflects core operating profitability before interest, taxes, depreciation and amortisation.

What is the EPS of Tata Motors Passenger Vehicles Ltd.?

The trailing twelve month Earnings Per Share (EPS) of Tata Motors Passenger Vehicles Ltd. is -4.43. EPS trends across annual and quarterly periods are visible in the Income Statement section.

What is the debt level of Tata Motors Passenger Vehicles Ltd.?

The debt-to-equity ratio of Tata Motors Passenger Vehicles Ltd. stands at 0.73. The interest coverage ratio is 0.08x, reflecting the company's ability to service debt from operating earnings. The full breakdown of total borrowings is in the Balance Sheet section.

What is the book value per share of Tata Motors Passenger Vehicles Ltd.?

The estimated book value per share of Tata Motors Passenger Vehicles Ltd. is 302.69 (derived from a P/B ratio of 1.14 and market price of ₹ 344.10), reflecting the net asset value attributable to each share. See the Balance Sheet section for a full breakdown.

What is the cash flow from operations of Tata Motors Passenger Vehicles Ltd.?

The trailing twelve month operating cash flow of Tata Motors Passenger Vehicles Ltd. is ₹ 8,312.00 Cr. Annual and quarterly cash flow data is available in the Cash Flow section of the Statements tab.

Does Tata Motors Passenger Vehicles Ltd. report consolidated or standalone financials?

Tata Motors Passenger Vehicles Ltd. reports consolidated financials. You can toggle between consolidated and standalone views using the switch at the top of each statement section.