Tata Motors

Standalone Balance Sheet ------------------- in Rs. Cr. -------------------

Mar 17 16-Mar 15-Mar 14-Mar 13-Mar

EQUITIES AND LIABILITIES

SHAREHOLDER'S FUNDS
Equity Share Capital 679.22 679.18 643.78 643.78 638.07
Total Share Capital 679.22 679.18 643.78 643.78 638.07

Total Reserves and Surplus 20129.93 21688.9 14218.81 18532.87 18496.77

Total Shareholders Funds 20809.15 22368.08 14862.59 19176.65 19134.84

NON-CURRENT LIABILITIES
Long Term Borrowings 13686.09 10687.94 12318.96 9746.45 8051.78

Other Liabilities & Provisions 2393.56 1619.17 2390.99 2013.79 3893.54

Total Non-Current Liabilities 16079.65 12307.11 14709.95 11760.24 11945.32
CURRENT LIABILITIES
Short Term Borrowings 5375.52 3351.74 7762.01 4769.08 6216.91

Other Liabilities & Provisions 16272.28 14399.32 12608.62 14028.45 14887.7

Total Current Liabilities 21647.8 17751.06 20370.63 18797.53 21104.61

Total Capital And Liabilities 58536.6 52426.25 49943.17 49734.42 52184.77

ASSETS

Fixed Assets 27474.51 22244.86 21824.02 21595.64 20208.54

Other Non operating assets
Total Non-Current Assets
CURRENT ASSETS
Total Current Assets
Total Assets
18474.03 19475.48 19546.18 21399.72 21841.27
45948.54 41720.34 41370.2 42995.36 42049.81
12588.06 10705.91 8572.97 6739.06 10134.96
58536.6 52426.25 49943.17 49734.42 52184.77

Standalone Profit & Loss account ------------------- in Rs. Cr. -------------------

Mar 17 16-Mar 15-Mar 14-Mar 13-Mar

Total Revenue 45342.84 44502.74 38176.15 38121.14 46853.92

EXPENSES
Depreciation And Amortisation Expen 2969.39 2453.75 2603.22 2070.3 1817.62
Other Expenses 43117.81 40054.28 37532.22 35199.26 43057.41
EBIT -744.36 1994.71 -1959.29 851.58 1978.89
Finance Costs* 1590.15 1481.11 1611.68 1337.52 1387.76
Profit/Loss Before Exceptional, Extra -2334.51 513.6 -3570.97 -485.94 591.13
Exceptional Items 252.45 -363.21 -403.75 -539.86 -416.2
Profit/Loss Before Tax -2082.06 150.39 -3974.72 -1025.8 174.93
Tax 37.5975 43.7325
Profit/Loss After Tax -2082.06 112.7925 -3974.72 -1025.8 131.1975

*Assume Finance cost as interest on short term and long term borrowings.
Find out how the capital structure has affected (benefited / stressed) the financial performance of Tata Motors.

Benefit/ Stress Points 17-Mar 16-Mar 15-Mar 14-Mar 13-Mar

Interest Tax Shield 397.5375 370.2775 402.92 334.38 346.94

Return to All Investors -491.91 1593.903 -2363.04 311.72 1518.958

Return on Equity -10.01% 0.50% -26.74% -5.35% 0.69%

EPS -3.06537 0.166072 -6.17403 -1.5934 0.205616

DFL 0.357511 17.68478 0.492938 -0.83016 15.08329

DFR 0.357511 17.68478 0.492938 -0.83016 15.08329

D/E 0.916021 0.627666 1.351108 0.756938 0.745692

ICR -0.46811 1.346767 -1.21568 0.636686 1.42596

DSCR 0.25379 0.889592 -0.37889 0.374497 0.692389

Tax Rate 25%

Borrowing 19061.61 14039.68 20080.97 14515.53 14268.69
Interest 1590.15 1481.11 1611.68 1337.52 1387.76
Principal Repayment* 1906.161 1403.968 2008.097 1451.553 1426.869

* We assume that the borrowing amount is repaid in 10 years.

formance of Tata Motors.

Interpretation/ Comment

POSITIVE. As ther EBIT is negative the so there will be no significant difference in

the tax shield savings by the company.

NEGATIVE. The company is not prospective for new investments.

NEGATIVE. The return on equity is not good. So the company has not been able to
recover the shareholders money.

NEGATIVE. Earnings from the share is not healthy as price per share is declining.

NEGATIVE. Both EBIT and PBT is in negative so the company should not be taking
any debt.

The Risk associated with the company is high.

NEGATIVE. This increases the chances of financial distress and the company may
require more outside investments.

NEGATIVE. Because of increases in debt, the EBIT decreases as a result of which

interest coverage ratio is low.

NEGATIVE. Because of increases in debt, the PAT decreases as a result of which

interest coverage ratio is low.
Tata Motors Previous Years »
---------------
---- in Rs.
Standalone Profit & Loss
Cr.
account
---------------
----
Mar 17 16-Mar 15-Mar 14-Mar 13-Mar

12 mths 12 mths 12 mths 12 mths 12 mths

Total Revenue 45,342.84 44,502.74 38,176.15 38,121.14 46,853.92

EXPENSES
Depreciation And Amortisation
2,969.39 2,453.75 2,603.22 2,070.30 1,817.62
Expenses
Other Expenses 43,117.81 40,054.28 37,532.22 35,199.26 43,057.41
EBIT -744.36 1,994.71 -1,959.29 851.58 1,978.89
Finance Costs 1,590.15 1,481.11 1,611.68 1,337.52 1,387.76
Profit/Loss Before
Exceptional, ExtraOrdinary -2,334.51 513.6 -3,570.97 -485.94 591.13
Items And Tax
Exceptional Items 252.45 -363.21 -403.75 -539.86 -416.2
Profit/Loss Before Tax -2,082.06 150.39 -3,974.72 -1,025.80 174.93
Tax 37.60 43.73
Profit/Loss After Tax -2,082.06 112.79 -3,974.72 -1,025.80 131.20