You asked: Is Tata Motors debt free?

Tata Motors reaffirms plan to turn debt-free by FY24 despite negative impact of Covid. Tata Motors Ltd, the country’s largest automaker by revenue, will stick to its plan to turn debt-free by FY24 despite its businesses being adversely impacted by the pandemic, chairman Natarajan Chandrasekaran said on Friday.

How much debt does Tata Motors have?

The company has high gross debt of ₹1.49 lakh crore since vehicle financing company, Tata Motors Finance, is its subsidiary. TML’s overall cash on books comes to ₹6,756 crore. The financing arm has ₹43,000 crore assets under management.

Is Tata Group under debt?

The adjusted net debt of the entire group stood at ₹2.6 lakh crore compared to ₹2.38 lakh crore in the previous year. In 2020-21, Tata Sons has invested in new businesses across manufacturing, services and digital platform to capitalise on future value creation opportunities, said the company.

How Tata Motors will reduce debt?

“The company declared a goal to go zero debt by FY24. Last year due to internal cash flows and tight management we were able to reduce the debt by over Rs 7,500 crore. And we are very much on our path and stay committed to meet our target of FY24,” Chandrasekaran told shareholders.

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Is Tata Motors in loss?

Homegrown auto major Tata Motors on Monday reported a consolidated net loss of ₹1516 crore for the quarter ended December 2021, narrower than a net loss of ₹2906 crore in the same quarter last financial year. The automaker had reported a wider than expected net loss of over ₹4400 crore in the last quarter.

Which Indian companies are debt free?

List of Zero Debt Company in India

S.No. Name Revenue Rs.Cr.
1 SBI Life Insurane 66798
2 Maruti Suzuki 64545
3 General Insurance 48436
4 ITC 48196

Does TCS have debt?

Based on the latest financial disclosure, TATA CONSULTANCY SERVICES has a Total Debt of 78.82 B.

Is Tata Group in loss?

If the earnings of Tata Consultancy Services are excluded, the group’s listed companies reported a net loss on a consolidated basis for the third consecutive year in FY21. Ex-TCS, the group listed companies, reported a combined net loss of Rs 3,405 crore in FY21, up from a combined loss of Rs 2,996 crore a year before.

Is Tata Steel in debt?

It has a gross debt of ₹72,603 crore in December 2021 and a cash and investments of ₹9,734 crore on books. The priority is off-shore debt repayment, say officials. The company has made ₹17,376 crore overall repayments in the nine months of this financial year.

Why is Tata Motors debt?

The company had a net automotive debt of Rs 40,900 crore at the end of FY21. Debt went up to Rs 61,300 crore at the end of the June quarter, mainly due to the impact of change in working capital requirements, the company informed in an investor presentation.

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Can Tata Motors be a multibagger?

Rakesh Jhunjhunwala portfolio: Despite auto stocks under selloff heat throughout the year, Tata Motors shares have managed to enter the list of multibagger stocks in 2021.

Will Tata Motors ever make profit?

Consensus from 27 of the Indian Auto analysts is that Tata Motors is on the verge of breakeven. They anticipate the company to incur a final loss in 2022, before generating positive profits of ₹113b in 2023. Therefore, the company is expected to breakeven just over a year from now.

Why did Tata Motors fall?

Tata Motors shares fell nearly 2% amid a rising market today after brokerage CLSA assigned a sell rating to the Tata Group firm. Tata Motors stock touched an intraday low of Rs 488.10, down 1.87% against the previous close of Rs 497.45 on BSE.