Tata Motors Limited (TMCV) Fair Value & Analysis
Consumer Cyclical · IN · Market cap ₹1.6T (≈ $16.5B) · ISIN INE1TAE01010
What is Tata Motors Limited really worth?
A solid business, but trading 328% above our fair value of ₹106.97.
Strengths
Risks
For context
Fair value as of: Aug 28, 2026
From 12 valuation models · updated 8 days ago
Fair value updated Aug 28, 2026, revised from ₹181.02 to ₹106.97 (−40.9%) since Aug 13, 2026. Share price +1.8% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case (₹133.71). The favourable scenario is already priced in.
- Solid but not exceptional quality (68/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (10 months)
White line = price, green steps = our fair value per fiscal year. As of Aug 28, 2026.
How to read this chart
10‑month range ₹314.05 – ₹499.66 · fair‑value band ₹80.22 – ₹133.71 · the ₹458.20 price screens above the ₹106.97 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Aug 28, 2026.
Analysis
Tata Motors Limited (TMCV) currently trades at ₹458.20, while our model-based Fair Value estimate is ₹106.97, implying the stock looks roughly 328.3% overvalued today. The Quality Score stands at 68/100 (solid quality), in the Consumer Cyclical sector. Bull case: the Growth DCF group reads highest at a median of ₹370.40 per share, and 1 of the 12 models we run sit above the ₹458.20 price. Bear case: the Asset-Based group reads lowest at ₹23.17, and 11 of the 12 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Tata Motors Limited generated revenue of ₹850B at a net margin of 3.6%. Revenue grew 19.4% year over year. It earns a return on equity of 26.1%. The balance sheet holds a net cash position of ₹21.6B. Fundamentals as of Aug 28, 2026
Our scenario range runs from ₹80.22 (bear case) to ₹133.71 (bull case); at ₹458.20, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 10% below its 52-week high and 50% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at −17% fair-value upside, at −77%, TMCV screens richer than that median.
Fair Value models
This estimate rests on fiscal year 2026 figures, and about 5 months have passed since. In that time the company retained roughly ₹1.82 per share, which is 1.7 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 12 models by family
Widest divergence: Growth DCF (₹370.40) versus Asset-Based (₹23.17). Highest evidence: Growth DCF (70).
Notify me when TMCV reaches fair value
Put TMCV on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.
Set up alert →Free, no payment details. Unsubscribe anytime in one click.
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 28, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 64 · Market factors (momentum, volatility) 61
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Tata Motors Limited engages in the manufacturing of commercial vehicles. It offers utility vehicles, pick-ups, trucks, and buses. The company operates in India and South Korea, as well as international presence across Africa, the Middle East, Latin America, Southeast Asia, and SAARC countries.
Full company description
Tata Motors Limited engages in the manufacturing of commercial vehicles. It offers utility vehicles, pick-ups, trucks, and buses. The company operates in India and South Korea, as well as international presence across Africa, the Middle East, Latin America, Southeast Asia, and SAARC countries. The company was formerly known as TML Commercial Vehicles Limited and changed its name to Tata Motors Limited in October 2025. Tata Motors Limited was incorporated in 2024 and is based in Mumbai, India.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2024 – FY2026 · reported fiscal years
Tata Motors Limited reported revenue of ₹839B in FY2026 versus ₹4.3T in FY2024, a compound −55.9%/yr. Reported net income was ₹30.3B in FY2026, compounding −69.3%/yr from FY2024.
TMCV screens 328% overvalued. Compare with Toyota Motor Corporation →
Earlier news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- Tata Group targets $100bn automotive revenue by 2031
- Tata Motors eyes top-four CV slot via Iveco deal
Peer Group
Auto Manufacturers · 115 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Auto Manufacturers median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Insider activity: 40/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Auto Manufacturers stocks, each showing price versus our Fair Value estimate (as of Aug 28, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Toyota Motor Corporation TM | $191.84 | $247.83 | +29% |
| BYD Company 81211 | HK$76.90 | HK$48.59 | −37% |
| Hyundai Motor Company 005380 | 418,500 KRW | 567,393 KRW | +36% |
| Ferrari N.V RACE | €355.50 | €167.67 | −53% |
| General Motors Company GM | $86.27 | $52.69 | −39% |
| Ford Motor Company F | $13.88 | $11.51 | −17% |
| Mercedes-Benz Group MBG | €46.95 | €106.16 | +126% |
| Dr. Ing. h.c. F. Porsche AG P911 | €43.91 | €17.34 | −61% |
| Maruti Suzuki India Limited MARUTI | ₹12,694 | ₹8,236 | −35% |
| Volkswagen AG VOW3 | €77.42 | €248.34 | +221% |
Compare Tata Motors Limited with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Consumer Cyclical stocks →
Try a ready-made strategy
Pick a strategy and jump into the live analysis with that exact screen applied.
Discover tools
Frequently asked questions
Is Tata Motors Limited (TMCV) overvalued or undervalued?
What is the fair value of TMCV?
What is the quality score of TMCV?
What is the revenue of Tata Motors Limited (TMCV)?
What is the net profit margin of TMCV?
Does Tata Motors Limited pay a dividend?
Watch Tata Motors Limited in the live analysis
One click puts Tata Motors Limited on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
Watch for free →Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.