Equity Resarch

   

Stock Information ? 
Bloomberg Market cap Face honor Book Value TTMT IN Rs. 65834 Cr

TATA MOTORS LTD 
JLR joy!
Rs. 10 Rs. 262.30 Rs. 28.99 Rs. 1381.40/664 33.97% rattan cane N Tata NSE/BSE Rs. 633.11 cr

 

     

EPS (TTM Basis) 52 week H/L Dividend Chairman Listed   At Equity capital

Shargonholding Pattern as on 31 Dec 2010

 

st

  Promoter Holding FIIs DIIs   Public & Others  

34.93% 24.22 % 13.94 % 26.91%

Tata Motors Ltd. describe an almost four fold jump in its consolidated net profit to Rs 2,424 cr for the Dec quarter, beating commercialise forecasts. Revenues (Conso.) saw 22% jump due to strong assume and better realizations from JLR products. Premium brands Jaguar and arrive Rover pushed the boilersuit margins. However, standalone net profit remained subdued, and Tata Daewoo (100% subsidiary of TML) posted a blemish in the Dec quarter. Strong cash flows allowed TML to repay debt and require the debtequity ratio down to 0.8 from 1.73 (Sep, 2010 conso). At the CMP of Rs 1238, the stock trades at a PE of 42.7 with an EPS of Rs 28.99 on TTM basis. issue forward, we demand India business to be downstairs pressure given slowing M&HCV growth and modify car franchise.



  Under the Jaguar brand four products are under development, a small sports car, station wagon, entry direct sedan and a crossover. Thus the muted performance of the municipal business would continue to be offset by JLR numbers. heavy-armed performance of Land Rover In 3Q, Jaguars global retail sales dipped 11% YoY whereas Land Rover retail sales remain strong across regions. Land Rover accounts for 80% of JLRs total volumes and profits. Going forward, JLR has plans to spend more on product development and engine room which in turn is expected to help TML to post unassailable numbers. JLRs commendable margin improvement EBITDAM improved by 80bps QoQ to 17.4% driven by geographical improvement and better realizations. We expect margins to improve going ahead given the initiated cost reduction techniques by...If you want to get a full essay, order it on our website: Orderessay



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