Equity Resarch

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

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

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