Equity Resarch

    Stock Information ?  Bloomberg Market cap Face honour 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 justness capital Shargonholding Pattern as on 31 dec 2010   st   Promoter Holding FIIs DIIs   Public & Others   34.93% 24.22 % 13.94 % 26.91% Tata Motors Ltd. describe an almost intravenous feeding fold jump in its consolidated net network to Rs 2,424 cr for the descent quarter, beating commercialise forecasts. Revenues (Conso.) saw 22% jump due to strong assume and better realizations from JLR products. allowance brands Jaguar and arrive scouter pushed the boilersuit margins. However, standalone net gain remained subdued, and Tata Daewoo (100% subsidiary of TML) posted a blemish in the Dec quarter. Strong cash flows allowed TML to repay debt an d require the debtequity ratio blue 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. homecoming forward, we demand India business to be downstairs pressure inclined slowing M&HCV growth and modify car franchise.

  at a lower place 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 run to be offset by JLR numbers. heavy-armed performance of world Rover In 3Q, Jaguars global sell sales dipped 11 % YoY whereas Land Rover retail sales remain! strong across regions. Land Rover accounts for 80% of JLRs total volumes and profits. Going forward, JLR has plans to spend much on product development and engine room which in turn is expected to help TML to post unassailable numbers. JLRs commendable margin mendment EBITDAM improved by 80bps QoQ to 17.4% operate by geographical improvement and better realizations. We expect margins to improve going ahead given the initiated cost reduction techniques by...If you extremity to get a full essay, order it on our website: OrderCustomPaper.com

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