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Tata Motors Passenger Vehicles stock: key metrics
TMPV.NSTata Motors Passenger Vehicles had an operating margin of −9.4% and a return on invested capital (ROIC) of −17.4% in fiscal 2026.
Margins show how much of revenue is left over, returns on capital how hard the invested money works.
Daily figure as of 13 Nov 2026
Margins
- Gross margin
- Operating margin
- Net margin
Figures as a table
| Year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| 2007 | 20.5% | 8.0% | 5.5% |
| 2008 | 33.2% | 6.4% | 5.9% |
| 2009 | 32.4% | 0.1% | −8.3% |
| 2010 | 31.2% | 3.2% | 4.1% |
| 2011 | 31.2% | 5.5% | 6.0% |
| 2012 | 30.3% | 4.7% | 6.9% |
| 2013 | 29.3% | 9.0% | 5.2% |
| 2014 | 44.5% | 30.8% | 4.8% |
| 2015 | 44.5% | 30.8% | 4.8% |
| 2016 | 45.4% | 27.1% | 3.5% |
| 2017 | 44.4% | 24.9% | 2.8% |
| 2018 | 42.4% | 22.7% | 3.1% |
| 2019 | 41.2% | 18.1% | −9.5% |
| 2020 | 42.7% | 20.5% | −4.6% |
| 2021 | 41.8% | 21.3% | −5.4% |
| 2022 | 40.7% | 19.2% | −4.1% |
| 2023 | 39.9% | 20.8% | 0.7% |
| 2024 | 43.3% | 24.5% | 7.2% |
| 2025 | 45.3% | 25.4% | 6.3% |
| 2026 | 35.8% | −9.4% | no data |
Returns on capital
- ROE
- ROIC
- ROA
Figures as a table
| Year | ROE | ROIC | ROA |
|---|---|---|---|
| 2007 | 19.8% | 11.2% | 6.7% |
| 2008 | 18.6% | 8.3% | 4.6% |
| 2009 | −100.0% | 0.1% | −7.7% |
| 2010 | 38.0% | 4.8% | 4.2% |
| 2011 | 35.1% | 12.4% | 7.1% |
| 2012 | 34.7% | 13.7% | 7.9% |
| 2013 | 26.7% | 19.1% | 5.9% |
| 2014 | 20.4% | 68.2% | 5.9% |
| 2015 | 24.0% | 62.5% | 5.5% |
| 2016 | 12.6% | 62.7% | 3.7% |
| 2017 | 14.0% | 51.1% | 2.8% |
| 2018 | 9.9% | 41.6% | 2.8% |
| 2019 | −52.2% | 34.4% | −9.7% |
| 2020 | −20.5% | 32.5% | −3.8% |
| 2021 | −26.7% | 30.8% | −4.0% |
| 2022 | −25.7% | 31.9% | −3.5% |
| 2023 | 5.3% | 42.1% | 0.7% |
| 2024 | 37.0% | 75.6% | 8.5% |
| 2025 | 24.0% | 55.9% | 7.3% |
| 2026 | no data | −17.4% | no data |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2026, period end 31 Mar 2026
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = ₹94.0836)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Weak, published since 7 Nov 2026 (in the score history since 31 Jul 2026)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.