Tata Motors Passenger Vehicles Limited (TMPV) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Tata Motors Passenger Vehicles Limited ₹462, price ₹296, upside +56.4%, quality 46 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range ₹269.82 – ₹1,143 · fair‑value band ₹353.81 – ₹642.63 · the ₹295.60 price screens below the ₹462.39 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Tata Motors Passenger Vehicles Limited (TMPV) currently trades at ₹295.60, while our model-based Fair Value estimate is ₹462.39, implying the stock looks roughly 36.1% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ₹3,717 per share, and 7 of the 10 models we run sit above the ₹295.60 price.
Bear case: the Dividend Discount group reads lowest at ₹60.12, and 3 of the 10 models stay below the price. Evidence for this calculation is low.
Scenario range: ₹353.81 (bear) to ₹642.63 (bull), the price of ₹295.60 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 46/100 (below-average quality), in the Consumer Cyclical sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Tata Motors Passenger Vehicles Limited reported revenue of ₹3.3T in FY2026 versus ₹2.8T in FY2022, a compound +4.9%/yr. Reported net income was ₹824B in FY2026.
Key figures
Market cap ₹1.3T (≈ $13.2B) · P/S ratio 0.37 · EPS (TTM) ₹−4.44 · Dividend yield 1.0% · Net margin 24.7% · Return on equity −1.1% · Return on assets (EBIT) −1.9% · Operating margin 6.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 58% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −2% fair-value upside, at 56%, TMPV screens cheaper than that median.
Fair Value models
Bear ₹353.81Fair Value ₹462.39Bull ₹642.63
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.22/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−8.3%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−0.9%
’22
’23
’24
’25
’26
What shareholders gained per year (last 3 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 3 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
≈ +72.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+71.8%
Dividend (yield on the price)1.0%
Profit margin 2022 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−2% → −9%
⚠ Approximate: the rate leans on 2026, which sits 196% above its own trend.
Compare Tata Motors Passenger Vehicles Limited with another stock
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Peer Groupⓘ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.Auto Manufacturers · 116 stocks
Beats the industry median on 5/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score46 · Below median
Fair Value upside+56% · Above median
Profitability
Return on assets1% · Below median
Net margin (TTM)24% · Top 25%
Operating margin (TTM)6% · Above median
Growth and dividend
Revenue growth−12% · Bottom 25%
Dividend yield (TTM)1.0% · Bottom 25%
Balance sheet
Debt / equity0.40× · Highest 25%
Valuation Multiplesvs Auto Manufacturers median · lower = cheaper
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Is Tata Motors Passenger Vehicles Limited (TMPV) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of ₹462.39 versus a price of ₹295.60, about +56% upside (undervalued).
What is the fair value of TMPV?
Our model-based fair value for Tata Motors Passenger Vehicles Limited is ₹462.39 (as of Sep 24, 2026), built from audited fundamentals. The current price: ₹295.60.
What is the quality score of TMPV?
Tata Motors Passenger Vehicles Limited has a Quality Score of 46/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Tata Motors Passenger Vehicles Limited (TMPV)?
Our model-based price target is the fair value of ₹462.39 (as of Sep 24, 2026) from 10 valuation models. Cautious scenario ₹353.81, optimistic scenario ₹642.63. It is a calculation from audited fundamentals, not an analyst target.
What is the Tata Motors Passenger Vehicles Limited stock forecast for 2026?
Our models put fair value at ₹462.39, about +56% upside versus a price of ₹295.60 (undervalued). Cautious scenario ₹353.81, optimistic scenario ₹642.63. The calculation is refreshed regularly with new filings.
What is the revenue of Tata Motors Passenger Vehicles Limited (TMPV)?
Tata Motors Passenger Vehicles Limited reported trailing-twelve-month revenue of about ₹3.4T (latest available figure, as of Sep 24, 2026).
Does Tata Motors Passenger Vehicles Limited pay a dividend?
Tata Motors Passenger Vehicles Limited currently shows a dividend yield of about 1.01% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Tata Motors Passenger Vehicles Limited (TMPV)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Tata Motors Passenger Vehicles Limited it is ₹462.39 per share (as of Sep 24, 2026), against a price of ₹295.60. It is the blended result of 10 valuation models (cash flow, earnings, asset, dividend).
Is Tata Motors Passenger Vehicles Limited stock overvalued or undervalued in 2026?
As of Sep 24, 2026, TMPV trades below its calculated fair value: price ₹295.60, fair value ₹462.39, a gap of about +56% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of TMPV?
No. The price is what the market pays today (₹295.60); the fair value is what the company's own numbers justify (₹462.39). For Tata Motors Passenger Vehicles Limited the two are ₹166.79 per share apart. That gap is exactly why we show both numbers side by side.
How much is Tata Motors Passenger Vehicles Limited worth?
The market values Tata Motors Passenger Vehicles Limited at about ₹1.3T (market capitalisation, as of Sep 24, 2026). Per share that is ₹295.60; our models calculate a fair value of ₹462.39 per share.
What do the bullish and bearish scenarios say about TMPV?
Our models span a range for Tata Motors Passenger Vehicles Limited: cautious scenario ₹353.81, base ₹462.39, optimistic ₹642.63 per share (as of Sep 24, 2026, price ₹295.60). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of TMPV?
The PEG ratio of Tata Motors Passenger Vehicles Limited is 0.27 (P/E divided by earnings growth, as of Sep 24, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Tata Motors Passenger Vehicles Limited (TMPV)?
Balance-sheet figures for Tata Motors Passenger Vehicles Limited (as of Sep 24, 2026): return on equity −1.1%, debt of 0.40 per unit of equity. They feed the Quality Score of 46/100, which measures business quality independently of the share price.
How far is TMPV from its 52-week high?
Tata Motors Passenger Vehicles Limited trades at ₹295.60, about 58% below its 52-week high of ₹712.25 and 1% above the low of ₹293.82 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of ₹462.39 is for.
Which stocks are comparable to Tata Motors Passenger Vehicles Limited?
From the same area (Consumer Cyclical) we also value Tesla, Inc, Toyota Motor Corporation, BYD Company, Hyundai Motor Company, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Tata Motors Passenger Vehicles Limited stock attractive at the current price?
The data as of Sep 24, 2026: price ₹295.60, calculated fair value ₹462.39 (+56%), Quality Score 46/100, from 10 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of TMPV calculated?
We run Tata Motors Passenger Vehicles Limited through 10 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹462.39, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.0 % above its aggregate fair value. Tata Motors Passenger Vehicles Limited currently trades 56 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Tata Motors Passenger Vehicles Limited (TMPV)?
The closing price on Sep 24, 2026 was ₹295.60. Our model-based fair value is ₹462.39, about +56% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Tata Motors Passenger Vehicles Limited right now?
The price is below even our cautious bear case (₹353.81). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (46/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (₹353.81 to ₹642.63) leaves room in how you read the outcome.
Key figures of Tata Motors Passenger Vehicles Limited
How large is the market capitalisation of Tata Motors Passenger Vehicles Limited (TMPV)?
The market capitalisation of Tata Motors Passenger Vehicles Limited is ₹1.3T (≈ $13.2B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Tata Motors Passenger Vehicles Limited (TMPV)?
The price-to-sales ratio of Tata Motors Passenger Vehicles Limited is 0.37 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Tata Motors Passenger Vehicles Limited (TMPV)?
Earnings per share at Tata Motors Passenger Vehicles Limited are ₹−4.44. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Tata Motors Passenger Vehicles Limited (TMPV)?
The dividend yield of Tata Motors Passenger Vehicles Limited is 1.0%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Tata Motors Passenger Vehicles Limited (TMPV)?
The net margin of Tata Motors Passenger Vehicles Limited is 24.7% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Tata Motors Passenger Vehicles Limited (TMPV)?
The return on equity (ROE) of Tata Motors Passenger Vehicles Limited is −1.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Tata Motors Passenger Vehicles Limited (TMPV)?
On an EBIT basis the return on assets of Tata Motors Passenger Vehicles Limited is −1.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Tata Motors Passenger Vehicles Limited (TMPV)?
The operating margin of Tata Motors Passenger Vehicles Limited is 6.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Tata Motors Passenger Vehicles Limited (TMPV)?
Revenue at Tata Motors Passenger Vehicles Limited is growing −11.8% versus a year earlier (3y avg −0.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Tata Motors Passenger Vehicles Limited (TMPV)?
Earnings per share at Tata Motors Passenger Vehicles Limited are growing −32.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Tata Motors Passenger Vehicles Limited (TMPV) generate?
The free cash flow of Tata Motors Passenger Vehicles Limited is −₹232B (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Tata Motors Passenger Vehicles Limited (TMPV) carry?
The net debt of Tata Motors Passenger Vehicles Limited is ₹471B (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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