TTM - Tata Motors Limited

NYSE - NYSE Delayed Price. Currency in USD
5.71
-0.04 (-0.70%)
At close: 4:00PM EDT
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Commodity Channel Index

Commodity Channel Index

Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close5.75
Open5.75
Bid5.71 x 4000
Ask5.74 x 3200
Day's Range5.56 - 5.77
52 Week Range3.92 - 14.03
Volume1,935,735
Avg. Volume3,005,196
Market Cap3.741B
Beta (5Y Monthly)1.99
PE Ratio (TTM)2.95
EPS (TTM)1.93
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateJul 14, 2016
1y Target Est4.50
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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  • Reuters

    After shortages, Britain opens new protective equipment supply lines

    Britain said on Tuesday it had agreed deals with more than 100 new suppliers of personal protective equipment (PPE) used to combat the spread of the coronavirus, addressing supply problems seen earlier during the COVID-19 pandemic. The government has faced heavy criticism from health workers who said they were not always provided with the right equipment and did not feel safe. The government has acknowledged problems with distribution and sourcing sufficient supplies in a competitive international market.

  • ‘Project Birch’: Treasury draws up last resort bailout plan to rescue Britain’s largest companies
    MarketWatch

    ‘Project Birch’: Treasury draws up last resort bailout plan to rescue Britain’s largest companies

    ‘Project Birch’ could see Britain’s Treasury step in to support key British companies whose failure will “disproportionately harm the economy

  • Coronavirus: Jaguar Land Rover in talks over government loan
    BBC

    Coronavirus: Jaguar Land Rover in talks over government loan

    The carmaker is reportedly seeking more than £1bn in taxpayer support as the pandemic hits sales.

  • Bloomberg

    Jaguar Land Rover Is Seeking U.K. Virus Aid Package

    (Bloomberg) -- Jaguar Land Rover is seeking a government aid package to weather a collapse in car sales brought on by the pandemic, according to people familiar with the matter.The U.K.’s largest auto manufacturer is in talks to borrow more than 1 billion pounds ($1.2 billion) through the U.K.’s emergency coronavirus lending program, the people said. JLR is also seeking tax breaks, research grants and other subsidies, which could bring the total value of the state support to more than 2 billion pounds, one of the people said.The full amount is still being negotiated and no decisions have been made. Owner Tata Motors Ltd. may be required to back part of the U.K. government loan to secure the funding, the people said.The automaker said it’s in “regular discussion with government on a whole range of matters,” declining to provide specifics. Sky News reported earlier that JLR is seeking temporary state funding of “well over” 1 billion pounds. The report also said that a JLR spokesman described “suggestions” that the amount was as high as 2 billion “inaccurate and speculative.”In an emailed statement, the Department for Business, Energy & Industrial Strategy said it’s in regular contact with manufacturers and will assist them through the crisis. “We recognize the challenges facing the industry as a result of coronavirus,” the BEIS said. “Firms can draw upon the unprecedented package of measures, including schemes to raise capital, flexibilities with tax bills, and financial support for employees.”JLR, owned by India’s Tata for more than a decade, remains an emblem of Britain’s carmaking heritage, employing some 38,000 in the U.K. churning out Jaguar sports cars and Land Rover SUVs. Like other carmakers, it’s been burning through cash after health restrictions forced the closure of dealerships and factories to fight the virus’s spread.Bond ShelvedIn February, JLR shelved plans to issue a U.S dollar bond after investors demanded a higher interest rate to compensate for the risk the coronavirus poses, Bloomberg News reported then.The company is also an important flagship for the Tata empire’s automaking operation. Analysts at CLSA said this month that Tata Motors is worth nothing without JLR.Even as some factories start to reopen, there are questions about what demand will look like for luxury vehicles amid a brutal global recession. U.K. car sales fell 97% in April to a level not seen since just after World War II. The industry is lobbying Boris Johnson’s government to allow showrooms to reopen to jump-start sales.Turnaround ThwartedJaguar Land Rover was beginning to show signs of a turnaround after a slowdown in China, Brexit and European emissions rules crimped sales of diesel vehicles and led it into a debt crisis last year. In January, the company said it had achieved a turnaround plan to reduce costs and improve cash flow three months ahead of plan.The company had embarked on a restructuring last year, announcing plans to slash 4,500 jobs and moving production of the Land Rover Discovery to Slovakia from a plant near Birmingham, England, to make room for future electric cars at a cost of 1,200 jobs.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Jaguar seeks state loan as coronavirus pandemic takes toll: Sky News
    Reuters

    Jaguar seeks state loan as coronavirus pandemic takes toll: Sky News

    The loan request had been lodged with the Department for Business, Energy and Industrial Strategy, the Sky News report said, citing a source close to Jaguar Land Rover, whose parent company is Tata Motors. "The claim is inaccurate and speculative," Jaguar Land Rover said in an emailed statement to Reuters. Sky News, citing a spokesman, said about 20,000 of its employees had been furloughed under the government's emergency wage subsidy program.

  • Bloomberg

    Jaguar Land Rover Seeks State Loan to Overcome Crisis, Sky Says

    (Bloomberg) -- Jaguar Land Rover has asked for a major support package to help it get through the coronavirus pandemic, Sky News reported, without saying where it got the information.The U.K.’s largest carmaker is in discussions with the government about a taxpayer support package and it has submitted the biggest bespoke loan request of the Covid-19 crisis to ministers in recent weeks, the news service said.The request is understood to have been for temporary state funding of well over 1 billion pounds ($1.2 billion), though an unidentified spokesman for the company said suggestions it was as much as 2 billion pounds were “inaccurate and speculative,” according to Sky.Jaguar Land Rover, owned by Mumbai-based Tata Motors Ltd., is constantly in discussion with the government on a whole range of matters relating to Covid-19 and won’t discuss details that are confidential and private, Sky cited the company as saying.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Fast and Furious Debt Pile-Up Threatens U.K.’s Luxury Carmakers
    Bloomberg

    Fast and Furious Debt Pile-Up Threatens U.K.’s Luxury Carmakers

    (Bloomberg) -- British luxury carmakers’ bonds have tumbled amid sluggish sales and the prospect of a brutal global recession, just as the heavily-indebted companies mull raising more cash to cope with the Covid-19 pandemic.McLaren Group Ltd.’s notes have fallen to a record low after the carmaker was forced to halt production and this year’s Formula 1 racing series was postponed. Debt of Aston Martin Lagonda Global Holdings Plc and Jaguar Land Rover Plc are also languishing below face value, according to data compiled by Bloomberg.These companies may well need to get debt investors on side as they require more cash to battle the impact of the pandemic. McLaren is seeking up to 300 million pounds ($367 million) of financing while Aston Martin has said it may raise more funds just months after securing a cash injection from its new billionaire owner Lawrence Stroll.“Many of these companies were already burning through cash before this crisis,” said Uli Gerhard, a senior portfolio manager at Insight Investment Management Ltd. “More debt won’t solve the problem. If equity is not there, they’ll have to repair their balance sheets.”A spokesman for McLaren Group said the firm is exploring “a variety of different funding options to help navigate these short-term business interruptions.”An Aston Martin spokesman said the company is exploring additional funding and re-financing options to increase liquidity, as it’s prudent given “ongoing uncertainties.”Representatives for Jaguar Land Rover, owned by India’s Tata Motors Ltd., didn’t reply to a request for comment on the company’s debt pile and whether it plans to raise more funds.While these junk borrowers don’t have immediate debt maturities, the prospect of mounting losses adds further pressure to their already levered balance sheets, according to Joel Levington, director of fixed income research at Bloomberg Intelligence.“A business shock of just a few weeks has created chaos in the sector,” he said. These carmakers “simply don’t have the product breadth, geographic reach or financial flexibility to withstand this crisis as other mass carmakers do.”U.K. car sales have been hit hard by the pandemic with new registrations falling 97% in April to a level not seen since just after World War II. Even as some factories start to reopen, there are questions about what demand will look like for luxury vehicles as the world’s economy shrinks.Supercar maker and racing team owner McLaren requires new funding just months after completing a similar-size capital raise in March. The new borrowing could take the form of debt secured against the value of its Surrey headquarters and car collections, Sky News reported last week.The company is also negotiating breathing room on debt tests with its banks as liquidity deteriorates, management told investors last month. S&P Global Ratings and Moody’s Investors Service have downgraded McLaren’s rating to eight levels below investment grade.Aston Martin reported a wider first-quarter loss and a 60% slump in revenue last week. The pandemic has dealt a fresh blow to the comeback plan outlined by Canadian billionaire Stroll. Aston Martin has already warned it may need more funds just months after Stroll provided a 536 million-pound cash injection.“Fine Balance”The company’s Chief Executive Officer Andy Palmer said last week that deliveries of the firm’s game-changing SUV model DBX are on track to begin in summer, but that it still needs to invest in new products to come out of the coronavirus crisis in a position of strength.That’s a common problem. In many cases new models and electric vehicles are crucial for these companies and months of depressed sales risks jeopardizing those plans.“It’s a fine balance between spending what they can spend without damaging their financial profile too much,” said Ilana Elbim, a senior credit analyst at Federated Hermes.Jaguar Land Rover was forced to keep it factories closed for almost two months before reopening this week, damaging sales. S&P and Fitch have downgraded the company to B, five levels below investment grade.For Gerhard at Insight, all three companies face a grim outlook as consumers curtail spending on big ticket items.“This crisis is likely to make everyone poorer and more cautious,” he said.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Why Tata Motors Stock Was Down on Wednesday
    Motley Fool

    Why Tata Motors Stock Was Down on Wednesday

    Shares of Indian automaker Tata Motors (NYSE: TTM) closed lower for a second day on Wednesday, as auto investors continued to react to an influential analyst's view that the company is essentially worthless without its Jaguar Land Rover (JLR) subsidiary. In a note on Monday, CLSA analyst Amyn Pirani downgraded Tata's stock to underperform, from buy, and cut his price target for the company's BSE-traded shares to 85 rupees ($1.13) from 190 rupees ($2.52). Jaguar Land Rover's British factories have been closed since March 20, exacerbating parent Tata Motors' financial struggles.

  • Reuters

    Coronavirus slashes UK car output as industry warns of big hit

    The British car industry faces losing output worth more than 8 billion pounds ($10 billion) due to the coronavirus outbreak, which cut production in March by a third, falling to its lowest level since 2009, an industry body said on Thursday. The sector, Britain's biggest exporter of goods which employs more than 800,000 people, saw factories and dealerships begin to close from mid March with only some having set reopening dates for May. Automakers around the world have warned of the scale of the challenge affecting manufacturers already struggling to deal with tougher emissions rules, the hit to diesel sales and the cost of electrification and autonomous technology.

  • Jaguar Land Rover to restart some European output from mid-May
    Reuters

    Jaguar Land Rover to restart some European output from mid-May

    Jaguar Land Rover (JLR) will restart some production in Europe from May 18, including at one of its three British car plants and its factory in Slovakia, where the new Defender vehicle is being made. Output will also resume at JLR's central English engine factory in Wolverhampton and at a plant in Austria where the electric I-Pace is built but no date has been set for the reopening of its British Halewood or Castle Bromwich locations.

  • India's TVS Motor buys British brand Norton Motorcycles
    Autoblog

    India's TVS Motor buys British brand Norton Motorcycles

    India's third-largest motorbike manufacturer TVS Motor has sealed a $20 million deal to buy British brand Norton Motorcycles as part of a distress sale. The all-cash transaction, which was announced on Friday, will see the Indian firm take control of the 122-year-old Leicestershire brand for 16 million pounds ($19.98 million) through one of its overseas subsidiaries. It marks the latest swoop by an Asian company on an iconic British brand, after Jaguar Land Rover became part of Tata Motors.

  • Tata Motors to spin off car division as separate unit
    Reuters

    Tata Motors to spin off car division as separate unit

    Tata Motors Ltd said on Friday it would spin off its passenger vehicles arm as a separate unit within the company, at a time when the coronavirus has disrupted auto production. Tata Motors, India's No. 2 automaker by revenue, said the spinoff will help it secure strategic alliances, which will provide the company access to new products, car parts, technologies and capital. Car sales in India have dropped for 16 straight months up to February amid slowing economic growth, while the pandemic has halted auto production as the government imposed a 21-day nationwide lockdown this week.

  • India's Tata Motors to spin off car division as separate unit
    Reuters

    India's Tata Motors to spin off car division as separate unit

    Tata Motors Ltd <TAMO.NS> said on Friday it would spin off its passenger vehicles arm as a separate unit within the company, at a time when the coronavirus has disrupted auto production. Tata Motors, India's No. 2 automaker by revenue, said the spinoff will help it secure strategic alliances, which will provide the company access to new products, car parts, technologies and capital. Car sales in India have dropped for 16 straight months up to February amid slowing economic growth, while the pandemic has halted auto production as the government imposed a 21-day nationwide lockdown this week.

  • Moody's

    Tata Motors Limited -- Moody's reviews ratings of Tata Motors for downgrade

    Moody's Investors Service has today placed on review for downgrade Tata Motors Limited's (TML) Ba3 corporate family rating and Ba3 senior unsecured debt rating. The outlook has been revised to ratings under review from negative. More specifically, weaknesses in TML's credit profile, including its exposure to final consumer demand for automobiles, have left it vulnerable to shifts in market sentiment in these unprecedented operating conditions, and the company remains vulnerable to the outbreak continuing to spread.

  • Hedge Funds Were Getting Burned By Tata Motors Limited (TTM) Before The Coronavirus
    Insider Monkey

    Hedge Funds Were Getting Burned By Tata Motors Limited (TTM) Before The Coronavirus

    We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]

  • India's Tata Motors ready to halt one plant if virus concerns deepen
    Reuters

    India's Tata Motors ready to halt one plant if virus concerns deepen

    India's Tata Motors <TAMO.NS> is rapidly scaling down activity at its car factory in the western state of Maharashtra and is preparing to close it if concerns about coronavirus deepen, the company said on Friday. The move by Tata Motors, which owns the British luxury car brands Jaguar and Land Rover, comes as the state recorded the highest number of confirmed cases of coronavirus in India. On Friday, Maharashtra ordered all shops and offices to close except those providing essential services in three major cities, including the financial capital Mumbai and Pune, where the Tata Motors plant and engineering centre is located.

  • JLR to suspend production at UK manufacturing facilities from next week
    Reuters

    JLR to suspend production at UK manufacturing facilities from next week

    The carmaker said it intends to resume production at the facilities in the week of April 20. Jaguar Land Rover's manufacturing plants in Brazil and India are continuing their operations, the company said in an emailed statement.

  • India's Tata Motors warns of JLR profit hit due to coronavirus
    Reuters

    India's Tata Motors warns of JLR profit hit due to coronavirus

    Indian automaker Tata Motors <TAMO.NS> warned on Friday of lower profit at its British luxury car brand Jaguar Land Rover (JLR) for the fiscal year as the coronavirus outbreak has hit sales in China. The outbreak, which started in China and is spreading globally, has hurt sales in the world's biggest auto market. The spread of the virus to South Korea, Japan, and Northern Italy is creating similar issues, Tata said in a statement.

  • Tata Motors warns of JLR profit hit due to coronavirus
    Reuters

    Tata Motors warns of JLR profit hit due to coronavirus

    Indian automaker Tata Motors <TAMO.NS> warned on Friday of lower profit at its British luxury car brand Jaguar Land Rover (JLR) for the fiscal year as the coronavirus outbreak has hit sales in China. The outbreak, which started in China and is spreading globally, has hurt sales in the world's biggest auto market. The spread of the virus to South Korea, Japan, and Northern Italy is creating similar issues, Tata said in a statement.

  • Why Jaguar Land Rover's Havn ride-hailing service sounds nicer than Uber or Lyft
    Autoblog

    Why Jaguar Land Rover's Havn ride-hailing service sounds nicer than Uber or Lyft

    Havn is a new app-based ride-hailing service that has launched in London, and promises a more upscale experience than Uber, Lyft, or the city's characteristic black cabs. Havn is backed financially by Jaguar Land Rover, and it exclusively uses Jaguar I-Pace electric SUVs, which are definitely a step up from the Camrys and Accords that seem so popular over here. Havn calls itself a chauffeur service, but it functions similarly to an app-based ride-hailing service.

  • Indian automakers say China coronavirus outbreak hitting parts supply
    Reuters

    Indian automakers say China coronavirus outbreak hitting parts supply

    Indian automakers Mahindra and Mahindra Ltd (M&M) and Tata Motors said on Sunday their supply of parts from China had been hit, as fallout from the coronavirus outbreak mounts. "Going into March, we anticipate the challenge on parts-supply to continue for another few weeks, before we get back to normalcy," Veejay Ram Nakra, Chief of Sales and Marketing at M&M's automotive division said in a press release. Tata Motors said in a press release that it, too, had been hit by supply disruptions due to the coronavirus outbreak in China, and was working to mitigate the situation.

  • Tata Motors, two group finance firms accused of antitrust violations in India - sources
    Reuters

    Tata Motors, two group finance firms accused of antitrust violations in India - sources

    India's competition regulator is examining allegations that Tata Motors and two finance firms of its $100 billion parent group abused their market position while selling commercial vehicles, according to three sources and legal documents seen by Reuters. The Competition Commission of India (CCI) is reviewing a complaint which alleges the country's biggest seller of trucks dictated terms around the quantity and type of vehicles its former dealer in northern India - Varanasi Auto Sales - should stock. The Tata Group has faced antitrust reviews in the past.

  • TheStreet.com

    Global Markets Finally Follow Asia's Lead on Covid-19

    The coronavirus has finally infected global markets this week. The WHO ruled "No." The Wuhan coronavirus is an emergency only for China, the global health body ruled on Jan. 22. Investors worldwide have had more than a month to prepare for this week's selloff on global markets.

  • Reuters

    U.S. trade rep Lighthizer to meet British counterpart as allies gear up for talks

    U.S. Trade Representative Robert Lighthizer will meet with Britain's trade minister Liz Truss this week, British government officials said on Tuesday, as the two allies gear up for post-Brexit trade talks that could prove contentious. Lighthizer's trip to Britain will also include a speaking engagement https://www.oxford-union.org/node/2119 at the Oxford Union on March 2. A USTR spokesman did not respond to a query about Lighthizer's British itinerary.

  • Reuters

    India's TVS sees 10% drop in February production as coronavirus hits parts supply

    Companies globally, including Apple Inc, have warned that the spread of the epidemic in China, the world's second-largest economy and a big manufacturing hub, is disrupting global supply chains and hurting profits as factories and shops shut operations. "The outbreak of pandemic coronavirus (COVID-19) has led to impact on supply of certain components for production of BS-VI vehicles," the company said https://reut.rs/2HMwKJw in a statement, referring to cleaner emission standards enforced by India's government. "While TVS Motor's direct dependency on China is limited for components, some Tier II suppliers have been impacted adversely," TVS said.