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TMPV - Fundamental Analysis: Financial Health & Valuation

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Rating: 4.2

Last Updated Time : 04 May 26, 11:42 am

Fundamental Rating: 4.2

Stock Code TMPV Market Cap 1,25,774 Cr. Current Price 342 ₹ High / Low 449 ₹
Stock P/E 22.5 Book Value 66.7 ₹ Dividend Yield 1.76 % ROCE 20.3 %
ROE 17.9 % Face Value 2.00 ₹ DMA 50 345 ₹ DMA 200 375 ₹
Chg in FII Hold -0.59 % Chg in DII Hold 1.71 % PAT Qtr 389 Cr. PAT Prev Qtr -237 Cr.
RSI 48.9 MACD 4.85 Volume 1,31,08,761 Avg Vol 1Wk 1,04,22,072
Low price 294 ₹ High price 449 ₹ PEG Ratio 0.29 Debt to equity 0.12
52w Index 30.5 % Qtr Profit Var 582 % EPS 240 ₹ Industry PE 27.3

📊 TMPV (Tata Motors Passenger Vehicles) demonstrates strong fundamentals with ROE of 17.9% and ROCE of 20.3%, reflecting efficient capital utilization. EPS of ₹240 provides a solid earnings base, while quarterly PAT turnaround (₹-237 Cr → ₹389 Cr) highlights robust recovery momentum. Valuations are attractive with a P/E of 22.5 compared to industry average of 27.3, and PEG ratio of 0.29 indicates undervaluation relative to growth. Dividend yield of 1.76% adds income support. Debt-to-equity ratio of 0.12 remains low, ensuring financial stability. Technical indicators show neutral momentum with RSI at 48.9 and MACD at 4.85, while price trades near 50 DMA (₹345) but below 200 DMA (₹375), reflecting short-term stability but medium-term weakness.

💰 Ideal Entry Price Zone: ₹335 – ₹345 (near 50 DMA support and valuation comfort).

📈 Exit / Holding Strategy: Hold for 3–5 years; consider partial profit booking near ₹440–₹450 resistance. Long-term holding is justified given strong profitability metrics, sectoral growth, and improving fundamentals.


✅ Positive

  • Strong ROE (17.9%) and ROCE (20.3%) highlight operational efficiency.
  • PEG ratio (0.29) indicates undervaluation relative to growth.
  • Quarterly PAT turnaround (₹-237 Cr → ₹389 Cr).
  • EPS of ₹240 supports strong earnings base.
  • DII holdings increased (+1.71%), showing domestic investor confidence.

⚠️ Limitation

  • FII holdings decreased (-0.59%), showing reduced foreign interest.
  • Dividend yield of 1.76% is modest compared to peers.
  • Stock trading below 200 DMA (₹375), indicating medium-term weakness.

📉 Company Negative News

  • Reduced foreign institutional participation.
  • Stock trading below long-term moving average (200 DMA).

📈 Company Positive News

  • Strong quarterly profit recovery and earnings momentum.
  • Domestic institutional investors increasing stake.
  • Valuation comfort with P/E below industry average.

🏭 Industry

  • Automobile sector trading at PE 27.3, offering moderate valuation levels.
  • Industry supported by rising demand for passenger vehicles and EV adoption.

🔎 Conclusion

TMPV is a strong candidate for long-term investment, driven by robust ROE/ROCE, earnings recovery, and attractive PEG valuation. Entry near ₹335–₹345 offers favorable risk-reward. Hold for 3–5 years with profit booking near ₹440–₹450 resistance. Despite modest dividend yield and reduced FII interest, strong fundamentals and sectoral demand make TMPV attractive for portfolio inclusion.

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