Tata Motors Limited
Financial ratios & Valuation

Historical Multiples (2010 – 2022)

2010 2011 2012 2013 2016 2017 2019 2020 2022 TTM Median
Valuation Ratios
Price/Earnings ratio
17.0613.499.849.4113.6925.84-0.02-2.15-12.95-65.2919.76
Price/Sales ratio
0.700.800.680.440.480.590.000.090.530.670.46
Price/Book Value ratio
6.474.743.462.251.712.960.010.413.705.341.98
Price/Cash Flow ratio
5.056.975.213.743.505.210.030.9210.311.24K3.62
Price/Free Cash Flow ratio
13.9116.5414.3222.4020.80-453.24-0.04-8.01-166.32-2.06K-216.22
Price/Earnings Growth ratio
0.110.190.20-0.39-0.49-0.650.000.030.88-3.21-0.57
Dividend Yield
0.56%1.03%1.28%1.77%N/A0.04%N/A0.01%0.00%N/A0.02%
Profitability Indicator Ratios
Gross Profit Margin
33.20%32.31%33.89%31.93%35.22%32.29%30.47%32.03%31.00%40.01%33.57%
Operating Profit Margin
5.20%7.10%4.71%3.26%1.03%-2.40%1.26%0.10%0.76%8.21%2.15%
Pretax Profit Margin
5.65%7.02%7.27%6.81%4.61%3.68%-10.60%-4.21%-2.53%-0.29%4.14%
Net Profit Margin
4.10%5.95%6.94%4.69%3.55%2.30%-9.79%-4.39%-4.11%-1.03%2.92%
Effective Tax Rate
28.21%14.77%3.88%30.43%22.11%36.43%8.00%-3.33%-60.14%-247.07%29.27%
Return on Assets
4.18%7.11%8.09%5.31%3.65%2.29%-9.81%-3.62%-3.52%-0.67%2.97%
Return On Equity
37.96%35.14%35.21%23.95%12.55%11.45%-53.03%-19.31%-28.58%-4.96%12.00%
Return on Capital Employed
13.41%18.13%11.13%7.32%1.79%-4.22%2.45%0.16%1.21%10.14%4.56%
Liquidity Ratios
Current Ratio
0.680.790.900.87N/AN/AN/AN/AN/A0.93N/A
Quick Ratio
0.400.460.600.580.720.700.570.580.740.620.71
Cash ratio
0.120.170.200.140.160.120.140.130.250.200.15
Days of Sales Outstanding
55.6339.2347.2843.4418.4128.740.0042.7247.3270.1330.92
Days of Inventory outstanding
65.2961.0759.9759.1368.1771.6268.3977.5367.41111.7563.65
Operating Cycle
120.92100.30107.26102.5786.58100.3668.39120.26114.74129.0494.58
Days of Payables Outstanding
108.4598.43110.96116.08136.43133.64133.22151.83133.41169.96126.25
Cash Conversion Cycle
12.461.87-3.69-13.50-49.85-33.27-64.82-31.56-18.67-72.28-41.56
Debt Ratios
Debt Ratio
0.880.790.760.770.270.300.350.390.430.900.52
Debt Equity Ratio
8.053.923.343.490.941.521.912.093.5410.872.21
Long-term Debt to Capitalization
0.670.490.460.460.390.530.560.580.710.790.43
Total Debt to Capitalization
0.800.640.600.600.480.600.650.670.770.840.54
Interest Coverage Ratio
1.192.372.041.51N/AN/AN/AN/AN/A-14.13N/A
Cash Flow to Debt Ratio
0.300.360.430.390.520.370.170.210.100.000.44
Company Equity Multiplier
9.074.934.354.503.434.995.405.328.1012.053.96
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.130.110.130.110.130.110.060.100.050.000.12
Free Cash Flow / Operating Cash Flow Ratio
0.360.420.360.160.16-0.01-0.86-0.11-0.06-0.600.07
Cash Flow Coverage Ratio
0.300.360.430.390.520.370.170.210.100.000.44
Short Term Coverage Ratio
0.580.760.990.961.751.450.530.660.340.001.60
Dividend Payout Ratio
9.56%13.93%12.66%16.73%N/A1.19%N/A-0.03%-0.01%N/A0.59%