Check out: Auto heavyweight that gained 53% in one year

Published on Fri, May 27, 2011 at 16:40 |  Source : Moneycontrol.com

Updated at Sat, May 28, 2011 at 11:16  

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Check out: Auto heavyweight that gained 53% in one year

Other Stocks in this news

Ashok Leyland | Tata Motors (DVR) | Eicher Motors | SML Isuzu |

Auto major Tata Motors has advanced 53.49% in the last one year. Today, the stock cracked 6.25%. Its standalone numbers were lower than expected. Margins and profitability saw pressure due to raw material concerns, interest rates and competition. However, consolidated numbers saw stability due to Jaguar-Land Rover (JLR).

Today's stock performance:

The scrip closed at Rs 1,088.65, down Rs 72.60, or 6.25%. It touched an intraday high of Rs 1,185 and an intraday low of Rs 1,081.75. It was trading with volumes of 1,600,133 shares. There were pending sell orders of 3,220 shares, with no buyers available.

How far is it from its 52-week high/low?

The company touched its 52-week high Rs 1,381.40 and 52-week low Rs 704.05 on December 6, 2010 and May 27, 2010, respectively. Currently, it is trading -21.37% below its 52-week high. It market capitalisation stands at Rs 68,768.41 crore.

The company's trailing 12-month (TTM) EPS was at Rs 28.99 per share. The stock's price-to-earnings (P/E) ratio is 37.55. The latest book value of the company is Rs 237.37 per share. At current value, the price-to-book value of the company is 4.58. The dividend yield of the company is 1.38%.

March quarter results:

The Tata Motors Group reported consolidated revenues (net of excise) for the year ended March 31, 2011, of Rs 123,133 crore, posting a growth of 33.1% over Rs 92,519 crore in the previous year, with strong volume growth globally in all major markets.

The consolidated profit before tax (PBT) for the year was Rs 10,437 crore, compared to a PBT of Rs 3,523 crore for the previous year.

Click here to see full results

The company board has approved stock split from the face value of Rs 10 per share to Rs 2 per share.

What brokerage houses say?

CLSA has downgraded the stock to outperform, and has reduced price target to Rs 1,320. BOA ML has also reduced price target by 13% to Rs 1,240.

Also read: CLSA lowers Tata Motors to outperform; cuts price target

However, Saurabh Mukherjea, Head of Equities, Ambit Capital says, he would look to add Tata Motors to his portfolio.

About the company:

Tata Motors Limited is India's largest automobile company, with consolidated revenues of Rs 92,519 crore (USD 20 billion) in 2009-10. It is the leader in commercial vehicles in each segment, and among the top three in passenger vehicles with winning products in the compact, midsize car and utility vehicle segments. The company is the world's fourth largest truck manufacturer, and the world's third largest bus manufacturer.

Peer comparison:

Company

Last Price (Rs)

Market Cap (Rs in Cr)

Sales Turnover  (Rs in Cr)

PAT  (Rs in Cr)

Tata Motors

1088.85

68936.18

48040.46

1811.82

Ashok Leyland

50.45

6711.56

11117.71

631.3

Tata Motors (D)

612.1

3928.19

-

-

Eicher Motors

1350

3639.54

442.67

75.44

SML Isuzu

369.95

535.38

893.01

36.56

  

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