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Tata Motors Commercial Vehicles Ltd

TMCV · Auto & Truck Manufacturers · INE1TAE01010

Analyst mean 1.80 · 5 analysts · 0% bullish
₹411.40
Close 2026-07-31 · Balanced risk

Reading the Statements forensic interpretation

What the numbers mean when read together — computed from the filings, not a score.

Operating cash flow backs the profit

Operating cash flow is 495% of trailing profit — the earnings are converting to cash, not just accruals.

Full read

Last operating cash flow ₹14,981 cr against trailing net profit ₹3,028 cr. A ratio at or above ~0.9 means reported profit is showing up as real cash.

Price & Valuation 10-year, split-adjusted

Markers show corporate actions (splits, bonus, dividends). Prices are split-adjusted so the series is continuous.

Valuation & Quality

Valuation
P/E (TTM) 48.1x
P/B 12.05x
P/S 1.83x
PEG growth cheap 0.47
P/FCF 12.9x
Dividend Yield 0.96%
Leverage
Debt / Equity conservative 0.44
Payout Ratio 48.6%
Returns & Margins
Operating Margin (TTM) 7.8%
Net Margin (TTM) 3.6%
Implied Growth (Graham) growth the market is pricing in 19.8%
Rule of 40 27.2
Growth 19.4% + Margin 7.8% — below 40

Ownership & Skin in the Game

Promoter42.56% ▲ 0.00
FII18.58%
DII
Mutual Funds11.28%

Quarterly Financials ₹ cr

MetricSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue17,53518,81921,86317,32418,58521,84726,098
Expenses15,82816,78619,43215,24816,55319,26022,771
Other Income20640772332-1,865-981-28
Depreciation541557592480472483510
Profit before tax9641,5311,5921,674-5619252,623
Net Profit4981,3551,3401,397-8677051,793
EPS1.914.87

Balance Sheet ₹ cr, annual

ItemMar 2025Mar 2026
Equity Capital0736
Reserves10,53311,998
Borrowings9,9255,615
Fixed Assets13,66413,962
CWIP1,8752,026
Investments5,28213,283
Total Assets46,85152,309
DISCLAIMER: FinMinutes is a financial data and analytics platform, not a SEBI-registered investment adviser. Everything here is for educational and informational purposes. Forensic interpretations are computed from disclosed data and are not recommendations. Do your own due diligence.