Narnolia

Narnolia

Toll Free No: 1800-103-7212

TATA MOTORS LTD.

NSE : TATAMOTORSBSE : 500570ISIN CODE : INE155A01022Industry : Automobiles-Trucks/LcvHouse : Tata
BSE128.55-1 (-0.77 %)
PREV CLOSE ( ) 129.55
OPEN PRICE ( ) 128.20
BID PRICE (QTY) 128.55 (476)
OFFER PRICE (QTY) 0.00 (0)
VOLUME 2678417
TODAY'S LOW / HIGH ( )126.70 130.35
52 WK LOW / HIGH ( )106 264.7
NSE128.60-0.95 (-0.73 %)
PREV CLOSE( ) 129.55
OPEN PRICE ( ) 128.00
BID PRICE (QTY) 128.60 (11001)
OFFER PRICE (QTY) 0.00 (0)
VOLUME 40951047
TODAY'S LOW / HIGH( ) 126.50 130.30
52 WK LOW / HIGH ( )106 264.1
AnalystEmailIdnaveen.dubey@narnolia.com
AnalystNameNaveen Kumar Dubey
BSECode500570
CP1DesignationCEO, JLR
CP1NameMr. Ralf D. Speth
CP2DesignationGroup CFO
CP2NameMr. P B Balaji
CP3DesignationCFO, JLR
CP3NameMr. Adrian Mardell
CallDate25 Jul 2019
DescriptionStandalone business: The management expects industry headwinds to continue in FY20. However, the company expects to grow better than the industry in FY21. EBIT margin is targeted to be 3-4% for FY21 and 4-6% for FY23 and 5-7% beyond FY23. The company has won new tenders in EV buses and also holds 56% market share in EV buses. The company is working closely with suppliers and dealers in order to manage the working capital situation in the current demand scenario. JLR business: The company is still facing volume headwinds in the Chinese market but expect situation to stabilize going ahead as some improvement is being seen in the retail sales. The company has strong pipeline of new and refreshed products to improve sales particularly in China. The uncertainty related to Brexit still persist and the management expects pound to weaken offsetting tariff cost in the first year but it is expected to recover from second year onwards. Targeting saving of GBP 2.5bn under the project Charge for FY20: Reduction of GBP 1bn in investment driven by reduction in engineering expenditure and non-product investment. Reduction of GBP 0.5bn in working capital through reduction in inventory and receivables. Reduction of GBP 1bn in cost driven by reduction in headcounts and lower fixed/marketing expenses. EBIT margin is targeted to be 3-4% for FY21 and 4-6% for FY23 and 7-9% beyond FY23. The management targets investment spending of up to GBP 4bn every year over FY21-23 and after then 11-13% of revenue going ahead. The management expects JLR to deliver positive cash flows from FY23.
SubjectQ1FY20 EARNING CONFERENCE CALL

Directory

current IPO
  • --
upcoming IPO
  • --
Narnolia Research & Advisory Narnolia Trading Platforms Narnolia Online | media Room