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TMPV - Fundamental Analysis: Financial Health & Valuation

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Rating: 4

Last Updated Time : 19 Mar 26, 07:11 pm

Fundamental Rating: 4.0

Stock Code TMPV Market Cap 1,19,493 Cr. Current Price 325 ₹ High / Low 449 ₹
Stock P/E 21.4 Book Value 66.7 ₹ Dividend Yield 1.85 % ROCE 20.3 %
ROE 17.9 % Face Value 2.00 ₹ DMA 50 357 ₹ DMA 200 387 ₹
Chg in FII Hold 0.75 % Chg in DII Hold -1.95 % PAT Qtr 389 Cr. PAT Prev Qtr -237 Cr.
RSI 36.6 MACD -13.4 Volume 82,87,390 Avg Vol 1Wk 1,18,72,505
Low price 307 ₹ High price 449 ₹ PEG Ratio 0.28 Debt to equity 0.12
52w Index 12.4 % Qtr Profit Var 582 % EPS 240 ₹ Industry PE 29.0

📊 Financial Overview

  • Revenue & Profit Growth: Quarterly PAT swung from a loss of ₹-237 Cr. to a profit of ₹389 Cr. (+582%), showing strong turnaround momentum.
  • Margins: ROE at 17.9% and ROCE at 20.3% reflect solid profitability and efficiency.
  • Debt: Debt-to-equity ratio of 0.12 indicates low leverage, ensuring financial stability.
  • Cash Flow: Supported by strong automotive demand, though cyclical risks remain.

💹 Valuation Indicators

  • P/E Ratio: 21.4 vs Industry PE of 29.0 → undervalued compared to peers.
  • P/B Ratio: Current Price ₹325 vs Book Value ₹66.7 → ~4.87x, reflecting premium valuation relative to book.
  • PEG Ratio: 0.28 → indicates undervaluation relative to growth potential.
  • Intrinsic Value: Estimated fair value near ₹340–360, suggesting current price is slightly undervalued.

🚗 Business Model & Competitive Advantage

  • Operates in passenger vehicles and EVs under Tata Motors, with strong domestic and global presence.
  • Competitive advantage lies in brand strength, diversified product portfolio, and EV adoption strategy.
  • Beneficiary of rising demand for sustainable mobility and government EV incentives.

📈 Entry Zone & Long-Term Guidance

  • Entry Zone: Attractive between ₹310–340, aligning with intrinsic value.
  • Long-Term Holding: Suitable for 5+ year horizon; strong fundamentals and EV growth make it a solid long-term bet.

✅ Positive

  • Strong turnaround in quarterly profits (+582%).
  • Solid ROE (17.9%) and ROCE (20.3%) highlight efficiency.
  • FII holdings increased (+0.75%), reflecting foreign investor confidence.

⚠️ Limitation

  • P/B ratio (~4.87x) reflects premium valuation relative to book value.
  • DII holdings decreased (-1.95%), showing reduced domestic institutional support.
  • Automotive sector remains cyclical and sensitive to demand fluctuations.

📉 Company Negative News

  • Previous quarter losses (₹-237 Cr.) highlight earnings volatility.
  • DII holdings decreased, showing weaker domestic institutional sentiment.

📈 Company Positive News

  • Quarterly PAT turnaround to ₹389 Cr. shows strong recovery.
  • FII holdings increased, reflecting foreign investor confidence.
  • EV adoption strategy and government incentives support long-term growth.

🏭 Industry

  • Automotive industry is cyclical but supported by EV adoption and rising consumer demand.
  • Industry PE at 29.0 shows sector is moderately valued compared to TMPV’s lower P/E.
  • Government push for EVs and sustainable mobility supports long-term growth.

🔎 Conclusion

TMPV demonstrates strong fundamentals with a sharp turnaround in profits, solid ROE/ROCE, and low debt. Valuations are attractive with a P/E below industry average and PEG ratio signaling undervaluation. Entry around ₹310–340 offers favorable risk-reward. Long-term investors can hold for 5+ years, benefiting from EV adoption and Tata Motors’ strong market presence, though cyclical risks and valuation premiums relative to book value should be monitored.

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