TATA MOTORS LIMITED

Detailed Report

23 July, 2020
 TATA MOTORS LIMITED

Chapter 1 Overview 4
1.1 Vitals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
1.2 Contact Details . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
1.3 Latest Filings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
1.4 Old Names Of This Company . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
1.5 Old Cins Of This Company . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
1.6 Industry . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
1.7 Kyc Information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
1.8 Financial Highlights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
1.9 Auditors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5

Chapter 2 Directors And Kmp 6

2.1 Current Directors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
2.2 Current Kmp Other Than Directors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
2.3 Other Directorships . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
2.4 Previous Directors / Kmp . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7

Chapter 3 Financials 10
3.1 Financial Highlights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
3.2 Standalone Balance Sheet (ind-As) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
3.3 Standalone Balance Sheet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
3.4 Standalone Profit And Loss (ind-As) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
3.5 Standalone Profit And Loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
3.6 Important Ratios . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15

Chapter 4 Terms And Conditions 16

4.1 Copyright . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
4.2 Disclaimer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16

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OVERVIEW
23 July, 2020

VITALS

Status Active Authorised share capital 4,000.00 cr

CIN L28920MH1945PLC004520 Paid up share capital 719.50 cr
Incorporation Date 01 September, 1945 Sum of existing charges 22,107.13 cr
Category Company limited by Shares Last reported AGM date 30 July, 2019
Sub-category Non-govt company Listing status Listed

CONTACT DETAILS

Email Address inv_rel@tatamotors.com Registered Address

Website http://www.tatamotors.com Bombay House, 24 Homi Mody Street Mumbai
Telephone 02266658282 Maharashtra - 400001

LATEST FILINGS

LATEST ANNUAL RETURN 31 March, 2019

LATEST BALANCE SHEET 31 March, 2019
LATEST PROFIT & LOSS 31 March, 2019

OLD NAMES OF THIS COMPANY

TATA ENGINEERING AND LOCOMOTIVE COMPANY LIMITED

OLD CINS OF THIS COMPANY

No previous cins were found for this company.

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INDUSTRY

Manufacturing (Metals Chemicals and their products)

KYC INFORMATION as on 01 May, 2016

Company PAN AAACT2727Q No. of Employees 1,001 - 5,000

FINANCIAL HIGHLIGHTS Figures in INR as on 31 March, 2019

Revenues 71,757.42 cr EBITDA 7,494.21 cr

Profit After Tax 2,020.60 cr Networth 22,162.52 cr

AUDITORS as on 23 July, 2020

Auditor Type Signatory Name Year

B S R Co. LLP Auditor Firm NAGPOREWALLA YEZDI 31 March, 2019
BEHRAM

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DIRECTORS AND KMP

23 July, 2020

CURRENT DIRECTORS as on 22 July, 2020

Directors name Date of appointment Designation

RALF DIETER SPETH
GUENTER KARL BUTSCHEK
CHANDRASEKARAN NATARAJAN
OM PRAKASH BHATT
HANNE BIRGITTE BREINBJERG
SORENSEN
VEDIKA BHANDARKAR
10 November, 2010 Director / Professional
15 February, 2016 Director / Professional
17 January, 2017 Director / Professional
09 May, 2017 Director / Independent
03 January, 2018 Director / Independent
26 June, 2019 Director / Independent

CURRENT KMP OTHER THAN

as on 22 July, 2020
DIRECTORS

Directors name Date of Designation

appointment
HOSHANG KEKI 03 July, 1995 Company Secretary
SETHNA
PATHAMADAI 14 November, KMP
BALACHANDRAN BALAJI 2017

OTHER DIRECTORSHIPS as on 22 July, 2020

Directors name Company name Designation Date of appointment

RALF DIETER SPETH TATA SONS PRIVATE Director 25 October, 2016
LIMITED
GUENTER KARL TATA CUMMINS Director 03 May, 2016
BUTSCHEK PRIVATE LIMITED
TATA HITACHI Director 02 November, 2018
CONSTRUCTION
MACHINERY COMPANY
PRIVATE LIMITED
TATA TECHNOLOGIES Director 30 March, 2018
LIMITED
TMF HOLDINGS LIMITED Director 29 January, 2018

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CHANDRASEKARAN CMC LIMITED Director 17 October, 2014

NATARAJAN
TCS E-SERVE LIMITED Director 31 December, 2008
THE TATA POWER Director 11 February, 2017
COMPANY LIMITED
THE INDIAN HOTELS Director 27 January, 2017
COMPANY LIMITED
TATA STEEL LIMITED Director 13 January, 2017
TATA CONSULTANCY Managing Director 06 September, 2007
SERVICES LIMITED
TATA SONS PRIVATE Director 25 October, 2016
LIMITED
TCS FOUNDATION Director 13 March, 2015
TATA CONSUMER Director 03 July, 2017
PRODUCTS LIMITED
OM PRAKASH BHATT SBI FACTORS AND Nominee director 01 July, 2006
COMMERCIAL
SERVICES PRIV ATE
LIMITED
AADHAR HOUSING Director 13 September, 2019
FINANCE LIMITED
TATA STEEL LIMITED Director 10 June, 2013
TATA CONSULTANCY Director 02 April, 2012
SERVICES LIMITED
HINDUSTAN UNILEVER Director 20 December, 2011
LIMITED
HANNE BIRGITTE TATA CONSULTANCY Director 18 December, 2018
BREINBJERG SERVICES LIMITED
SORENSEN
DELHIVERY PRIVATE Director 26 December, 2017
LIMITED
VEDIKA BHANDARKAR FOUNDATION FOR Director 01 June, 2017
ACCESSIBLE AQUANIR
AND SANITATION
TATA SKY LIMITED Additional Director 22 February, 2016
TMF HOLDINGS LIMITED Director 30 July, 2018
TATA MOTORS Director 11 March, 2015
FINANCE SOLUTIONS
LIMITED
TATA MOTORS Director 19 May, 2017
FINANCE LIMITED
TATA INVESTMENT Director 24 March, 2015
CORPORATION LIMITED

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PREVIOUS DIRECTORS / KMP as on 22 July, 2020

Directors name Date of Date of cessation Last designation Reason for leaving
appointment
SHARADCHANDRA Not available 09 Jul 2007 Director Retirement
ANANT NAIK
PRAVEEN Not available 18 Sep 2007 Whole-time Director Resignation
PURUSHOTTAM KADLE
SUBODH KUMAR Not available 24 Jul 2008 Additional Director Vacation of Office
BHARGAVA under Section 260
NASSEREDDIN MUNJEE Not available 24 Jul 2008 Additional Director Vacation of Office
under Section 260
VEERENDRA RAJ Not available 30 Jan 2009 Director Resignation
MEHTA
RAVI KANT Not available 01 Jun 2009 Managing Director Retirement
NOSHIR ADI Not available 31 Mar 2010 Director Resignation
SOONAWALA
GOPALAKRISHNAN Not available 01 Sep 2010 Director Retirement
RAMABADRAN
JAMSHED JIJI IRANI Not available 02 Jun 2011 Nominee Director Resignation
CARL PETER EDMUND 09 Sep 2011 09 Sep 2011 Managing Director Vacation of Office
MORITZ FORSTER under Section 283
CARL PETER EDMUND 09 Sep 2011 31 Mar 2012 Additional Director Resignation u/s 168
MORITZ FORSTER
Prakash Manjanath 18 May 2007 21 Jun 2012 Managing Director Retirement
Telang
RANENDRA SEN 01 Jun 2010 16 Oct 2012 Director Resignation u/s 168
RATAN NAVAL TATA Not available 28 Dec 2012 Director Retirement
Sam Maneckshaw Palia 19 May 2006 25 Apr 2013 Director Retirement
KARL JONATHON SLYM 13 Sep 2012 26 Jan 2014 Managing Director Death
RAVI KANT 02 Jun 2009 01 Jun 2014 Director Retirement
CYRUS PALLONJI 29 May 2012 19 Dec 2016 Director Resignation u/s 168
MISTRY
NUSLI NEVILLE WADIA Not available 22 Dec 2016 Director Removal u/s 169
SUBODH KUMAR 25 Jul 2008 29 Mar 2017 Director Retirement
BHARGAVA
RAVINDRA PISHARODY 09 Aug 2016 30 Sep 2017 Whole-time Director Resignation u/s 168
RAVINDRA PISHARODY 09 Aug 2016 30 Sep 2017 Director Resignation u/s 168
RAGHUNATH ANANT 28 Aug 2007 31 Dec 2017 Director Retirement
MASHELKAR
SATISH BALKRISHNA 09 Aug 2016 15 Jul 2019 Director Retirement
BORWANKAR

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SATISH BALKRISHNA 09 Aug 2016 15 Jul 2019 Whole-time Director Retirement

BORWANKAR
NASSER MUKHTAR 25 Jul 2008 30 Jul 2019 Director Retirement
MUNJEE
VINESH KUMAR 31 Mar 2009 30 Jul 2019 Director Retirement
JAIRATH
FALGUNI SANJAY 29 May 2013 30 Jul 2019 Director Retirement
NAYAR

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FINANCIALS
23 July, 2020

FINANCIAL HIGHLIGHTS Figures in INR Lacs

Particulars 31 March 31 March 31 March 31 March 31 March

2019 2018 2017 2016 2015
Operating Revenue 6,920,276.00 5,962,469.00 4,910,041.00 4,236,982.00 3,629,474.00
EBITDA 749,421.00 486,606.00 247,748.00 446,903.00 66,255.00
Profit/Loss After Tax 202,060.00 -103,485.00 -247,999.00 23,423.00 -473,895.00
Net Profit/Loss Margin 2.82% -1.69% -4.95% 0.53% -12.41%
Networth 2,216,252.00 2,017,098.00 2,080,915.00 2,236,808.00 1,486,259.00
ROE 9.12% -5.13% -11.92% 1.05% -31.89%
Days Receivable 16.00 20.00 15.00 12.00 10.00
Days Payable 68.00 84.00 83.00 73.00 84.00
Current Ratio 0.58 0.62 0.58 0.60 0.42
Debt to Equity Ratio 0.79 0.81 0.92 0.83 1.58

STANDALONE BALANCE SHEET

Figures in INR Lacs
(IND-AS)

Particulars 31 March, 2019 31 March, 2018 31 March, 2017 31 March, 2016

EQUITY AND LIABILITIES
Equity Share Capital 67,922.00 67,922.00 67,922.00 67,918.00
Other Equity 2,148,330.00 1,949,176.00 2,012,993.00 2,258,293.00
Non-Current Liabilities
Financial Liabilities
Borrowings 1,391,981.00 1,315,591.00 1,368,609.00 1,059,996.00
Trade Payables - - - -
Other Financial 18,080.00 21,128.00 112,366.00 291,184.00
Liabilities
Provisions 128,159.00 100,948.00 85,071.00 75,089.00
Deferred Tax Liabilities 20,586.00 15,461.00 9,795.00 7,139.00
Other Liabilities 21,824.00 29,109.00 32,124.00 37,807.00
Current Liabilities
Financial Liabilities

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Borrowings 361,772.00 309,987.00 537,552.00 365,472.00

Trade Payables 1,350,211.00 1,422,563.00 1,139,450.00 902,845.00
Other Financial 223,798.00 409,116.00 246,514.00 378,419.00
Liabilities
Provisions 114,869.00 86,292.00 46,798.00 45,027.00
Current Tax Liabilities 7,830.00 2,177.00 8,064.00 7,927.00
Other Liabilities 235,601.00 191,760.00 186,402.00 170,484.00
Liabilities Associated With - - - -
Assets In Disposal Group
Regulatory Deferral - - - -
Account Credit Balances
Total Equity and 6,090,963.00 5,921,230.00 5,853,660.00 5,667,600.00
Liabilities
ASSETS
Non-Current Assets
Property, Plant and 1,831,661.00 1,819,252.00 1,736,477.00 1,757,325.00
Equipment
Capital Work-in-Progress 214,696.00 137,145.00 187,093.00 155,795.00
Investment Property - - - -
Goodwill 9,909.00 9,909.00 9,909.00 9,909.00
Intangible Assets 387,113.00 331,214.00 277,369.00 340,347.00
Intangible Assets Under 413,963.00 382,515.00 536,603.00 412,858.00
Development
Financial Assets
Investments 1,543,419.00 1,426,079.00 1,530,724.00 1,521,748.00
Trade Receivables - - - -
Loans 14,313.00 14,396.00 38,961.00 25,293.00
Other Financial Assets 99,439.00 79,340.00 19,632.00 10,292.00
Deferred Tax Assets 71,530.00 69,575.00 72,458.00 79,963.00
Other Assets 181,990.00 154,639.00 185,628.00 167,901.00
Current Assets
Inventories 466,200.00 567,013.00 550,442.00 511,792.00
Financial Assets
Investments 143,318.00 250,278.00 240,092.00 174,584.00
Trade Receivables 325,064.00 347,981.00 212,800.00 204,558.00
Cash and Cash 48,740.00 54,682.00 18,839.00 42,707.00
Equivalents
Other Bank Balances 81,921.00 24,860.00 9,767.00 36,135.00
Loans 20,008.00 14,027.00 23,135.00 48,444.00
Other Assets 127,968.00 64,631.00 10,076.00 12,520.00
Current Tax Assets - 7,388.00 12,949.00 384.00
Other Assets 109,711.00 166,306.00 180,706.00 155,045.00

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Noncurrent Assets Held - - - -

For Sale
Regulatory Deferral - - - -
Account Debit Balances
Total Assets 6,090,963.00 5,921,230.00 5,853,660.00 5,667,600.00

STANDALONE BALANCE SHEET Figures in INR Lacs

Particulars 31 March, 2016 31 March, 2015

EQUITY AND LIABILITIES
Shareholders Funds
Share Capital 67,918.00 64,378.00
Reserves and Surplus 2,168,890.00 1,421,881.00
Money Received Against - -
Share Warrants
Share Application Money - -
Pending Allotment
Non-Current Liabilities
Long Term Borrowings 1,068,794.00 1,231,896.00
Deferred Tax Liabilities - -
Other Long Term 21,012.00 28,680.00
Liabilities
Long Term Provisions 140,905.00 210,419.00
Current Liabilities
Short Term Borrowings 335,174.00 776,201.00
Trade Payables 891,660.00 885,265.00
Other Current Liabilities 426,723.00 314,288.00
Short Term Provisions 121,549.00 61,309.00
Total Equity and 5,242,625.00 4,994,317.00
Liabilities
ASSETS
Non-Current Assets
Fixed Assets
Tangible Assets 1,225,278.00 1,226,050.00
Intangible Assets 351,119.00 352,273.00
Capital 146,971.00 134,995.00
Work-in-Progress
Intangible Assets 501,118.00 469,084.00
Under Development
Non-Current Investments 1,697,546.00 1,696,695.00
Deferred Tax Assets - -

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Long Term Loans and 236,322.00 240,356.00

Advances
Other Non-Current 13,680.00 17,567.00
Assets
Current Assets
Current Investments 173,600.00 2,022.00
Inventories 490,220.00 480,208.00
Trade Receivables 156,846.00 111,448.00
Cash and Cash 45,208.00 94,475.00
Equivalents
Short Term Loans and 179,432.00 157,441.00
Advances
Other Current Assets 25,285.00 11,703.00
Total Assets 5,242,625.00 4,994,317.00

STANDALONE PROFIT AND LOSS

Figures in INR Lacs
(IND-AS)

Particulars 31 March, 2019 31 March, 2018 31 March, 2017 31 March, 2016

CONTINUING OPERATIONS
Revenue from operations 6,920,276.00 5,962,469.00 4,910,041.00 4,738,361.00
Other Income 255,466.00 155,760.00 97,884.00 140,231.00
Total Revenue 7,175,742.00 6,118,229.00 5,007,925.00 4,878,592.00
Cost of Materials 4,374,877.00 3,708,045.00 2,765,440.00 2,499,740.00
Consumed
Purchases of Stock in 672,232.00 476,241.00 394,597.00 410,197.00
Trade
Changes in Inventory 14,469.00 84,205.00 -25,143.00 1,005.00
Employee Benefit 427,310.00 396,673.00 355,852.00 318,897.00
Expenses
Finance Costs 179,357.00 174,443.00 159,015.00 159,200.00
Depreciation and 309,864.00 310,189.00 296,939.00 232,922.00
Amortization
Other Expenses* 937,433.00 966,459.00 1,269,431.00 1,236,157.00
Total Expenses 6,915,542.00 6,116,255.00 5,216,131.00 4,858,118.00
Total Revneue Less 260,200.00 1,974.00 -208,206.00 20,474.00
Total Expenses
Prior Period and -20,307.00 -96,666.00 -33,871.00 -27,184.00
Exceptional Items
Profit Before Tax 239,893.00 -94,692.00 -242,077.00 -6,710.00
Current Tax Expense 29,466.00 9,263.00 4,452.00 -734.00
Deferred Tax Expense 8,367.00 -470.00 1,470.00 254.00

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Net Movement in - - - -
Regulatory Deferral
Account Balances
Profit From Continuing 202,060.00 -103,485.00 -247,999.00 -6,230.00
Operations
Profit From Discontinuing - - - -
Operations (After Tax)
Net Profit/Loss 202,060.00 -103,485.00 -247,999.00 -6,230.00
Other Comprehensive -2,343.00 4,322.00 9,548.00 8,547.00
Income
Total Comprehensive 199,717.00 -99,163.00 -238,451.00 2,317.00
Income/Loss

STANDALONE PROFIT AND LOSS Figures in INR Lacs

Particulars 31 March, 2016 31 March, 2015

CONTINUING OPERATIONS
Revenue from operations 4,236,982.00 3,629,474.00
Other Income 213,292.00 188,141.00
Total Revenue 4,450,274.00 3,817,615.00
Cost of Materials 2,431,308.00 2,215,523.00
Consumed
Purchases of Stock in 525,927.00 576,524.00
Trade
Changes in Inventory 2,294.00 -87,882.00
Employee Benefit 302,675.00 308,709.00
Expenses
Finance Costs 148,111.00 161,168.00
Depreciation and 245,375.00 260,322.00
Amortization
Other Expenses* 741,167.00 738,486.00
Total Expenses 4,398,914.00 4,174,712.00
Total Revneue Less 51,360.00 -357,097.00
Total Expenses
Prior Period and -36,321.00 -40,375.00
Exceptional Items
Profit Before 15,039.00 -397,472.00
Extraordinary Items
Extraordinary Items - -
Profit Before Tax 15,039.00 -397,472.00
Current Tax Expense -8,852.00 81,452.00
Deferred Tax Expense 468.00 -5,029.00

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Profit From Continuing 23,423.00 -473,895.00

Operations
Profit From Discontinuing - -
Operations (After Tax)
Net Profit/Loss 23,423.00 -473,895.00

IMPORTANT RATIOS

Particulars 31 March, 2019 31 March, 2018

Leverage Ratios
Total Debt/Equity Ratio 1.02 1.13
Total Assets/Equity Ratio 2.75 2.94
Total Debt/Total Assets 0.37 0.38
Ratio
Interest Coverage Ratio 2.45 1.01
Liquidity ratios
Quick Ratio 0.32 0.37
Current Ratio 0.58 0.62
Performance ratios
Gross Margin 26.86% 28.41%
Net Margin 2.82% -1.69%
Return on Fixed Assets 7.10% -3.88%
Return on Equity 9.12% -5.13%
Return on Capital 10.77% -5.93%
Employed
Total Asset Turnover 1.18 1.03
Fixed Asset Turnover 2.43 2.23
Days Receivables 17 21
Outstanding
Days of Inventory 33 48

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COPYRIGHT

Copyright (C) 2016-2018. Prepared, owned and distributed by TWS Systems Pvt Ltd. All Rights Reserved. The
content of this report is protected by applicable copyright laws. Content may not be reproduced, distributed,
modified or framed in any form or by any means, whether electronic, mechanical, photocopying, recording or
otherwise without prior written permission.

DISCLAIMER

The present report is purely a summary of the contents and status of documents examined on an inspection of the
Company's documents available on the official website of the Ministry of Corporate Affairs (www.mca.gov.in) . The
report is not based on any personal judgments or opinion of any individual or professional.

Please note that the content of these documents have not been audited at our end and no representation or
warranty is made regarding accuracy or reliability data/content. The reports are computer generated and although
manual checks and verification has been undertaken but it may still be subject to Programmatic and/or content
errors.

This report is provided for general information only and is without warranty of any kind- express or implied,
including but not limited to warranties of merchantability, fitness for a particular purpose.

TWS Systems Private Limited, its directors, officers or employees or any of their data providers shall not be liable
for any damages (direct, indirect, special or consequential) for whatever cause and disclaim any responsibility on
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