Buy Tata Motors, target price Rs 516: Sharekhan by BNP Paribas

Sharekhan by BNP Paribas has buy call on Tata Motors with a target price of Rs 516. The current market price of Tata Motors is Rs 423.4.

Tata Motors, incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 140175.05 Crore) operating in Auto sector.

Tata Motors key Products/Revenue Segments include Motor Vehicles, Spare Parts & Others, Miscellaneous Goods, Sale of services and Other Operating Revenue for the year ending 31-Mar-2022.


Financials
For the quarter ended 31-12-2022, the company has reported a Consolidated Total Income of Rs 89618.97 Crore, up 11.12 % from last quarter Total Income of Rs 80649.88 Crore and up 22.88 % from last year same quarter Total Income of Rs 72931.86 Crore. Company has reported net profit after tax of Rs 2939.78 Crore in latest quarter.

The company’s top management includes Mr.Ratan N Tata, Ms.Vedika Bhandarkar, Ms.Hanne Sorensen, Mr.Om Prakash Bhatt, Mr.Kosaraju V Chowdary, Mr.Thierry Bollor, Mr.Al-Noor Ramji, Mr.Guenter Butschek, Mr.N Chandrasekaran, Mr.Girish Wagh. Company has BSR & Co. LLP as its auditors. As on 31-12-2022, the company has a total of 332 Crore shares outstanding.

Investment Rationale
Tata Motors is assumed to register improvement in all three key segments (domestic PVs, CVs and JLRs) on an improvement in semiconductor chip supplies.

Promoter/FII Holdings
Promoters held 46.39 per cent stake in the company as of 31-Dec-2022, while FIIs owned 13.89 per cent, DIIs 15.07 per cent.