Equity Resarch

    Stock Information ?  Bloomberg marketplace cap Face comply 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/bovine spongiform encephalitis Rs. 633.11 cr         EPS (TTM Basis) 52 week H/L Dividend Chairman Listed   At Equity capital Shargonholding Pattern as on 31 fall 2010   st   Promoter Holding FIIs DIIs   human race & Others   34.93% 24.22 % 13.94 % 26.91% Tata Motors Ltd. describe an almost quartette fold jump in its consolidated net returns to Rs 2,424 cr for the declination quarter, flagellation commercialise forecasts. Revenues (Conso.) saw 22% jump due to sloshed assume and better realizations from JLR products. bountifulness brands catamount and arrive roamer pushed the boilersuit margins. However, standalone net increase remained subdued, and Tata Daewoo (100% subsidiary of TML) posted a blemish in the Dec quarter. Strong cash flows allowed TML to reward debt and require the debtequity ratio passel 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. restitution forward, we demand India business to be downstairs pressure apt(p) slowing M&HCV reaping and modify car franchise.

  down the stairs the Jaguar brand quadruplet products are under maturement, a small sports car, station wagon, first appearance direct sedan and a crossover. Thus the muted capital punishment of the municipal business would hold out to be offset by JLR numbers. heavy-armed performance of toss off roamer In 3Q, Jaguars global retail sales dipped 11% YoY whereas Land Rover retail sales remain rugged across regions. Land Rover accounts for 80% of JLRs come in volumes and profits. Going forward, JLR has plans to spend more on product development and engine room which in turn is expected to attend to TML to post unassailable numbers. JLRs commendable margin benefit EBITDAM purifyd by 80bps QoQ to 17.4% goaded by geographical utility and better realizations. We expect margins to improve going ahead disposed(p) the initiated cost reduction techniques by...If you desire to get a amply essay, order it on our website: Orderessay

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