Tata Motors Limited (TMCV) fair value: what the stock is really worth
We calculate from audited financials what Tata Motors Limited is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.
- Compare price with fair valuebelow fair value = cheap, above = expensive
- Check the quality50 and up solid, 75 and up strong
- Watch it or check another stockalert when fair value or trend changes
At a glance
A solid business, but trading 316% above our fair value of ₹106.97.
As of Aug 28, 2026, the fair value of Tata Motors Limited is ₹106.97 per share against a price of ₹444.95, so the fair value sits 76% below the price. A model estimate from reported figures, not an analyst target.
Fair value as of: Aug 28, 2026
From 12 valuation models · updated 13 days ago
Fair value updated Aug 28, 2026, revised from ₹181.02 to ₹106.97 (−40.9%) since Aug 13, 2026. Share price −1.2% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case (₹133.71). The favourable scenario is already priced in.
- Solid but not exceptional quality (68/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (10 months)
White line = price, green steps = our fair value per fiscal year. As of Aug 28, 2026.
How to read this chart
10‑month range ₹314.05 – ₹499.66 · fair‑value band ₹80.22 – ₹133.71 · the ₹444.95 price screens above the ₹106.97 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Aug 28, 2026.
Analysis
Tata Motors Limited (TMCV) currently trades at ₹444.95, while our model-based Fair Value estimate is ₹106.97, implying the stock looks roughly 316.0% overvalued today. The Quality Score stands at 68/100 (solid quality), in the Consumer Cyclical sector. Bull case: the Growth DCF group reads highest at a median of ₹370.40 per share, and 1 of the 12 models we run sit above the ₹444.95 price. Bear case: the Asset-Based group reads lowest at ₹23.17, and 11 of the 12 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Tata Motors Limited generated revenue of ₹850B at a net margin of 3.6%. Revenue grew 19.4% year over year. It earns a return on equity of 26.1%. The balance sheet holds a net cash position of ₹21.6B. Fundamentals as of Aug 28, 2026
Scenario range: ₹80.22 (bear) to ₹133.71 (bull), the price of ₹444.95 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades about 13% below its 52-week high and 45% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at −18% fair-value upside, at −76%, TMCV screens richer than that median.
Fair Value models
Based on fiscal year 2026 figures (about 5 months old). Earnings retained since then (₹1.89 per share) are deliberately not added.
Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →
All 12 models by family
Widest divergence: Growth DCF (₹370.40) versus Asset-Based (₹23.17). Highest evidence: Growth DCF (70).
Notify me when TMCV reaches fair value
Put TMCV on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.
Set up alert →Free, no payment details. Unsubscribe anytime in one click.
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 28, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 64 · Market factors (momentum, volatility) 57
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Tata Motors Limited engages in the manufacturing of commercial vehicles. It offers utility vehicles, pick-ups, trucks, and buses. The company operates in India and South Korea, as well as international presence across Africa, the Middle East, Latin America, Southeast Asia, and SAARC countries.
Full company description
Tata Motors Limited engages in the manufacturing of commercial vehicles. It offers utility vehicles, pick-ups, trucks, and buses. The company operates in India and South Korea, as well as international presence across Africa, the Middle East, Latin America, Southeast Asia, and SAARC countries. The company was formerly known as TML Commercial Vehicles Limited and changed its name to Tata Motors Limited in October 2025. Tata Motors Limited was incorporated in 2024 and is based in Mumbai, India.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2024 – FY2026 · reported fiscal years
Tata Motors Limited reported revenue of ₹839B in FY2026 versus ₹4.3T in FY2024, a compound −55.9%/yr. Reported net income was ₹30.3B in FY2026, compounding −69.3%/yr from FY2024.
TMCV screens 316% overvalued. Compare with Toyota Motor Corporation →
Recent news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- Iveco Group (BIT:IVG) Could Be 22% Below Fair Value After Tata Motors Bid
- Tata Group targets $100bn automotive revenue by 2031
Peer Group
Auto Manufacturers · 114 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Auto Manufacturers median · lower = cheaper
What the price implies (reverse DCF)
The inverse question: what free-cash-flow growth must Tata Motors Limited deliver for ten years so that today's price is fair in our DCF model? Same formula, same discount rate as the fair value.
The price demands an acceleration versus past growth: a high bar the company still has to clear. Ranking of the largest stocks →
Context: sector, industry, market
- Is the Financials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Indian Stocks
- Valuation of the India market
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Insider activity: 40/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Auto Manufacturers stocks, each showing price versus our Fair Value estimate (as of Aug 28, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Toyota Motor Corporation TM | $188.78 | $235.50 | +25% |
| BYD Company 81211 | HK$73.50 | HK$46.64 | −37% |
| Hyundai Motor Company 005380 | 418,500 KRW | 567,393 KRW | +36% |
| Ferrari N.V RACE | €346.00 | €167.67 | −52% |
| General Motors Company GM | $87.76 | $52.69 | −40% |
| Ford Motor Company F | $14.00 | $11.51 | −18% |
| Mercedes-Benz Group MBG | €47.69 | €106.16 | +123% |
| Dr. Ing. h.c. F. Porsche AG P911 | €43.91 | €17.34 | −61% |
| Maruti Suzuki India Limited MARUTI | ₹12,694 | ₹8,236 | −35% |
| Volkswagen AG VOW | €81.65 | €248.34 | +204% |
Compare Tata Motors Limited with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Consumer Cyclical stocks →
Try a ready-made strategy
Pick a strategy and jump into the live analysis with that exact screen applied.
Discover tools
Frequently asked questions
Is Tata Motors Limited (TMCV) overvalued or undervalued?
What is the fair value of TMCV?
What is the quality score of TMCV?
What is the price target for Tata Motors Limited (TMCV)?
What is the Tata Motors Limited stock forecast for 2026?
What is the revenue of Tata Motors Limited (TMCV)?
What is the net profit margin of TMCV?
Does Tata Motors Limited pay a dividend?
What growth is priced into Tata Motors Limited (TMCV)?
What discount rate (WACC) does the fair value of TMCV use?
What is the intrinsic value of Tata Motors Limited (TMCV)?
Is Tata Motors Limited stock overvalued or undervalued in 2026?
Is fair value the same as the market price of TMCV?
How much is Tata Motors Limited worth?
What do the bullish and bearish scenarios say about TMCV?
What is the P/E ratio of TMCV?
How solid is the balance sheet of Tata Motors Limited (TMCV)?
How far is TMCV from its 52-week high?
Which stocks are comparable to Tata Motors Limited?
Is Tata Motors Limited stock attractive at the current price?
How is the fair value of TMCV calculated?
Watch Tata Motors Limited in the live analysis
One click puts Tata Motors Limited on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
Watch for free →Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.