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 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.

Is Tata Motors under debt?

Though Tata Motors managed to reduce its net automotive debt at the consolidated level in FY21, the same ballooned up to Rs 61,300 crore by end of Q1FY22. This was mainly because of the impact of working capital change during the quarter which stood at Rs 16,500 crore.

Is Tata Motors in loss?

The company had posted a consolidated net loss of ₹307.26 crore in the same period last fiscal, Tata Motors said in a filing. Consolidated revenue from operations stood at ₹61,378.82 crore against ₹53,530 crore in the year-earlier quarter, it added.

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Is Tata a 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.

Is Tata Chemicals debt free?

How Much Debt Does Tata Chemicals Carry? As you can see below, Tata Chemicals had ₹67.1b of debt at March 2021, down from ₹75.2b a year prior. On the flip side, it has ₹29.6b in cash leading to net debt of about ₹37.5b.

Which Indian companies are debt free?

Companies use capital to conduct their daily operations. This capital comes from either their own fund or credit from somebody.

Best 10 Debt-Free Company Stocks To Invest In India 2021.

Company Debt Market Cap in Rs
HDFC AMC Ltd 66.17TCr
Max Financial 34.77TCr
Hindustan Unilever Limited (HUL) 5.58LCr
ICICI Prudential Life Insurance 84.38TCr

Does TCS have debt?

Based on the latest financial disclosure, TATA CONSULTANCY SERVICES has a Total Debt of 78.82 B. … TATA CONSULTANCY totals roughly 78.82 Billion in total debt claiming about 50% of equities under Information Technology Services industry.

Is Maruti debt free?

What Is Maruti Suzuki India’s Debt? You can click the graphic below for the historical numbers, but it shows that as of March 2021 Maruti Suzuki India had ₹4.92b of debt, an increase on ₹1.41b, over one year. But on the other hand it also has ₹121.1b in cash, leading to a ₹116.1b net cash position.

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How much debt does Air India have?

As on August 31, Air India had a total debt of ₹61,562 crore. About 75 per cent of this debt or ₹46,262 crore will be transferred to a special purpose vehicle AIAHL before handing over the loss-making airline to the Tata Group.

Will Tata Motors rise?

Shares of Tata Motors on Wednesday jumped over 20 per cent after the company said it will raise USD 1 billion ( ₹7,500 crore) in its passenger electric vehicle (EV) business from TPG Rise Climate at a valuation of up to USD 9.1 billion. The stock jumped 20.43 per cent to settle at ₹506.75 on the BSE.

Why did Tata Motors fall?

Shares of Tata Motors slipped over 3% in early deals on Wednesday on the BSE after the company flagged chip supply shortage.

Is Reliance bigger than Tata?

In terms of market capitalisation, Reliance Industries is in the region of Rs. … Thus we see that the Tata Group is bigger than Reliance Industries. However, Mukesh Ambani is richer than Ratan Tata.

Is Hindustan Unilever a debt free company?

Apart from robust fundamentals, enviable business model and debt-free balance sheet, HUL’s extensive distribution network, strong brand equity and vast product mix, with a large share of essential products, provide comfort. … Even compared to its parent Unilever, HUL looks richly valued.

Is Tata Group Profitable?

The annual report showed that Tata Sons’ consolidated net profit rose to ₹19,397 crore from ₹10,916 crore in 2019-20, whereas its standalone profit after tax surged to ₹6,511.63 crore.

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What is the future plan of Tata Power?

The company plans to take its renewable production to massive 15 GW by 2025. Renewable power currently accounts for 30% of total capacity, while the target is to take renewable capacity to 80% by 2030.