Equity Resarch

    Stock Information ?  Bloomberg Market cap Face watch 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 legality capital Shargonholding Pattern as on 31 decline 2010   st   Promoter Holding FIIs DIIs   Public & Others   34.93% 24.22 % 13.94 % 26.91% Tata Motors Ltd. describe an almost 4 fold jump in its consolidated net bring in 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. grant brands Jaguar and arrive spider pushed the boilersuit margins. However, standalone net make 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 debtequit y ratio tidy sum 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. expiration forward, we demand India business to be downstairs pressure minded(p) slowing M&HCV growth and modify car franchise.

  downstairs 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 reach out to be offset by JLR numbers. heavy-armed performance of lend Rover In 3Q, Jaguars global sell sales dipped 11% YoY whereas Land Rover sell sales remain strong across regi! ons. Land Rover accounts for 80% of JLRs total volumes and profits. Going forward, JLR has plans to spend more(prenominal) on product development and engine room which in turn is expected to help TML to post unassailable numbers. JLRs commendable margin amendment EBITDAM improved by 80bps QoQ to 17.4% determined by geographical improvement and better realizations. We expect margins to improve going ahead given the initiated cost reduction techniques by...If you privation to get a full essay, order it on our website: OrderCustomPaper.com

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