From March 2019 to March 2022, Tata Motors made a massive loss in the business but now the company is generating profits. As the company became profitable the Tata Motors stock price surged by more than 800% in just 4 to 5 years. Many analysts and brokerage firms are bullish on the stock and given Tata Motors’ share price target for 2024, 2025, and 2026.
In just the last 1 year, the Tata Motors stock price gained more than 170% very quickly without much trading in a range. In the next few years, the automobile sector will grow more as India can be the 3rd largest economy by 2027 in the world. No doubt, the stock prices will increase a lot.
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About Tata Motors Ltd
Tata Motors Ltd is an Indian automobile company founded in 1945 and now doing business in various countries. Tata Motors is also a part of Tata Group like Tata Steel, Tata Power, and more.
Tata Motors is involved in the automobile business the company manufactures various types of vehicles like passenger vehicles, commercial vehicles, electric vehicles, and luxury vehicles.
Passenger Vehicles
Tata Motors is the third largest passenger vehicle manufacturer in India and has many brands like Jaguar, Land Rover, and more. The company also manufactures SUVs which are very popular among the people. Below are the achievements of Tata Motors based on the FY23.
- 10+ New Variants
- 5,40,965+ Units Sold
- Rs. 47,686 Cr Revenue
- No. 1 SUV manufacturer
- 13.5% of retail market share.
- 13.8% share of consolidated revenue
Electric Vehicles
In the upcoming years, the use of electric vehicles will grow a lot as compared to fuel-based vehicles. Tata Motors is working hard in the electric vehicles industry to develop EVs and its ecosystem. Currently, Tata Motors is the no. 1 EV manufacturer, and below are some more achievements-
- 1.4 Billion+ KM driven
- No. 1 EV manufacture
- XPRESS-T no. 1 EV fleet
- 1,00,000+ EVs produced
- Tiago.ev fastest-selling EV
- Nexon EV is the no. 1 electric SUV
Commercial Vehicles
Like electric vehicles, Tata Motors is also the largest commercial vehicle (CV) manufacturer in India with a global presence. In commercial vehicles, Tata Motors manufactures various types of trucks and buses which are suitable for all extreme conditions. Below are some achievements of Tata Motors in commercial vehicles based on FY23.
- 4,22,637 units sold
- Rs. 70,816 Cr revenue
- No. 1 CV manufacturer
- 41.7% retail market share
- 4,00,000 Connected trucks
- 20.5% share of consolidated revenue
Luxury Vehicles
In the luxury vehicles, Tata Motors has 2 brands i.e. Jaguar and Land Rover. These two brands are widely well-known and popular. These are passenger vehicles but are in the category of Luxury vehicles because of their high performance, futuristic design, new technologies, and more.
Tata Motors’ Scrip Info
| NSE | TATAMOTORS |
| BSE | 500570 |
| ISIN | INE155A01022 |
| SECTOR | AUTOMOBILE |
Company Analysis
Below you’ll find Tata Motors Limited’s company information like financials, fundamentals, and shareholding patterns. This information plays an important role in identifying good companies for investing.
Note: The shared information is not enough for a complete analysis of any company or stock. Kindly cross-check this information with any screener or broker.
Note: All the values are in (₹) Rupees Crore.
| Quarter | Net Profit & Loss |
|---|---|
| Jun 2023 | ₹3,301 |
| Sep 2023 | ₹3,832 |
| Dec 2023 | ₹7,145 |
| Mar 2024 | ₹17,529 |
| Jun 2024 | ₹5,692 |
| Year | Net Profit & Loss |
|---|---|
| Mar 2020 | -₹11,975 |
| Mar 2021 | -₹13,395 |
| Mar 2022 | -₹11,309 |
| Mar 2023 | ₹2,690 |
| Mar 2024 | ₹31,807 |
Note: It is the company’s financial performance data, typically released every three months (quarterly) or once a year (annually).
| Market Cap | ₹3,89,863Cr | ROE | 36.98% |
| P/E Ratio (TTM) | 10.46 | EPS (TTM) | 101.57 |
| P/B Ratio | 4.88 | Div. Yield | 1.20% |
| Industry PE | 23.04 | Book Value | 217.84 |
| Debt to Equity | 1.26 | Face Value | 2 |
| Held By | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 |
|---|---|---|---|---|
| FIIs | 18.40% | 18.62% | 19.20% | 18.18% |
| DIIs | 17.37% | 17.25% | 16.01% | 15.93% |
| Public | 17.70% | 17.60% | 18.31% | 19.39% |
| Promoters | 46.38% | 46.37% | 46.36% | 46.36% |
| Other Holders | 0.14% | 0.14% | 0.14% | 0.14% |
Key Insights
- Tata Motors has reduced debt.
- No share pledge by promoters.
- Brokers are suggesting to buy the stock.
- The PE Ratio of the stock is low (PE<=10).
- Recent quarterly earnings are showing strength.
- They have increased profits in the past 3 quarters.
- FIIs are increasing their shareholding in Tata Motors.
- Tata Motors has been generating profits for the last 2 years.
- Tata Motors’ net profit and loss have increased from the last 5 – 6 years.
- Promoters have decreased shareholding slowly from the past 7 quarters.
Quarterly Results – June 2024
In the June 2024 quarter, Tata Motors’ net profit declined to Rs. 5,692 Crore from Rs. 17,529 Crore (Mar 2024 quarter). It is because of the higher tax in the quarter. The company’s profit before tax is Rs. 8,870 Crore in the current quarter and Rs. 9,369 in the previous quarter.
In the sales, there is also a decline seen in the quarter. In the current quarter, Tata Motors sales are around 108,048 while they were 119,986 in the previous quarter.
Tata Motors Share Price Target
Tata Motors is one of the largest companies in the automobile sector and it is still growing. Over the past 5 to 6 years, the Tata Motors stock has surged by more than 800%. Brokers and analysts are bullish on the stock. In the Tata Motors share price target for 2024, 2025, and 2026, you’ll see the targets given by the analysts and brokers.
In electric vehicles and commercial vehicles, it is the largest manufacturer in India. In passenger vehicles, the company is the third largest manufacturer and also presence globally with brands like Land Rover, Jaguar, etc. These things are showing a strong market share of Tata Motors in the automobile sector and it means investing in Tata Motors for the long term may be very profitable.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2024 | ₹1250 | ₹1300 |
| 2025 | ₹1300 | ₹1500 |
| 2026 | ₹1500 | ₹1600 |
Disclaimer: AskDhan or we are not SEBI registered, and this is not a Buying or Selling recommendation. We will not be responsible for any loss or profit. This post is only for educational and learning purposes. All the targets given in the post are based on news, brokerage research, technical analysis, etc. We strongly recommend you talk to your financial advisor before making any decision.
Tata Motors Share Price Target 2024
In the past 4 quarters, Tata Motors has shown massive growth in earnings, sales, EPS (earning per share), and other metrics. That’s why analysts and brokers are bullish on the stock.
More than 75% of analysts are giving a buy rating on the stock and expecting at least a 10% to 30% return from the stock in the 1 year. In short, Tata Motors share price target for 2024 can be approx Rs. 1250 to Rs. 1300.
Getting a 15% to 20% return from any stock for any investor is very good. In Investing you have to beat at least the inflation rate to keep the value of your money at least the same.
Tata Motors Share Price Target 2025
In 2025, the stock can also give more returns as the sales, earnings, profit, EPS, etc, of the stock, are rising almost every year and the company is also reducing its debt and in the next few years all the debt will be cleared.
If you want to invest in the automobile sector for the long term then this is one of the best stocks of the automobile sector.
Tata Motors’ share price target for 2025 is based on its earnings, sales, and other metrics. It means if any unexpected thing happens then the stock can fall otherwise the stock may go from Rs. 1300 to Rs. 1500. In short, in the next year, the stock can give a return of up to 30%.
Tata Motors Share Price Target 2026
No doubt Tata Motors is a good stock for long-term investing. From the current level of the stock, the stock can go up but it does not mean the stock prices of the company will keep rising over the years.
The Indian government is planning to increase the manufacturing and use of electric vehicles in the next few years. Tata Motors has the largest EV sales and manufactures. This EV industry can give a new turn to the Tata Motors company in the future.
In the long term, it is hard to give any accurate target without any solid data. But still, you may see Tata Motors’ share price target of Rs. 1500 to Rs. 1600 very easily in 2026. If any updates come, we will update its target accordingly.
Tata Motors Share Price Forecast
Analysts and brokers calculate the share price forecast of any stock based on the given target price. In most cases, the analysts and brokers give targets for any stock for a time duration of 1 year and they update their targets after quarterly results, sector growth, news, etc.
As of now, 30 analysts have rated the Tata Motors stock. More than 75% of analysts are bullish and the rest say hold or sell. Below is the target based on the brokers’ given targets-
- Minimum Estimated Target: Rs. 650
- Average Estimated Target: Rs. 1080.50
- Maximum Estimated Target: Rs. 1250
March 2024 quarterly results of the Tata Motors stock are out and some brokers have given targets based on its quarterly results. Here some brokers are bullish and some neutral.
| Date | Broker | Instructions | Reco. Price | Target Price |
|---|---|---|---|---|
| 12 Aug 24 | KRChoksey | Accumulate | ₹1076.10 | ₹1156 |
| 02 Aug 24 | Motilal Oswal | Neutral | ₹1096.90 | ₹1025 |
| 02 Aug 24 | Prabhudas Lilladher | Accumulate | ₹1096.90 | ₹1254 |
FAQs
Most analysts and brokers are bullish on Tata Motors for the year 2024 to 2025. Some brokers also give targets for the stock which is mentioned above.
If you want to hold the stock for at least 1 year i.e. 12 months then you can consider buying the stock as it is available at a good level, the finances of the company are improving, sales are growing, and many more good things.
If you invest at the current level of the stock then you can expect a 20% to 30% return from the stock in a year. Kindly do your research or ask your financial advisor before investing.
Tata Motors is involved in the automobile sector and categorizes its products into various categories: passenger vehicles, electric vehicles, commercial vehicles, and luxury vehicles.
Tata Motors is the 3rd largest passenger vehicle manufacturer in India and the largest commercial and electric vehicle manufacturer.
Tata Motors manufactures various types of vehicles like electric vehicles, commercial vehicles, and passenger vehicles. Tata Motors has a strong market share in the automobile sector and the upcoming years the company will grow more.
From the current level, analysts and brokers are giving a target price of up to 30% in a year. It means investing in the stock at this time is very safe and very soon you can be profitable too.
Final Words
Before a few years, Tata Motors was not generating profit constantly but in the last 2 financial years, the company become very profitable and has a strong market share in the automobile sector. As per experts, the future of the company is very bright so, it becomes very important as an investor to know Tata Motors’ share price target for 2024, 2025, and 2026.