TMCV
Tata Motors Commercial Vehicles
Tata Motors Commercial Vehicles (TMCV) Stock Analysis & Case Study
Is TMCV a good buy? The data-driven verdict.
Tata Motors Commercial Vehicles (TMCV) trades at ₹460,on the numbers it mixed signals, a Downstox Snapshot Score of 52/100.
On the numbers, Tata Motors Commercial Vehicles (TMCV) mixed signals, a Downstox Snapshot Score of 52/100, weighing expensive at 42.8× earnings, ROE of 34.0%. Below: the full bull case, bear case, sector-relative valuation, and a probability-weighted price target for 2027-2031.
Last updated . Data snapshot for research, not investment advice.
TMCV fundamentals at a glance, PE, PB, ROE, ROCE, market cap, dividend yield
How TMCV ranks against the 2,373 companies in our screener
- TMCV's market cap of 1.67L Cr ranks in the top 2% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- TMCV's book value of ₹35 ranks in the 26th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- TMCV's promoter holding of 42.6% ranks in the 19th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- TMCV's debt-to-equity ratio of 0.44x is lower than 40% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
We do not hold 3-year profit (PAT) growth or 3-year revenue growth figures for TMCV, as of 9 Aug 2026, so those are not ranked here.
Is TMCV overvalued? TMCV P/E vs peers
TMCV trades at 42.8× earnings. We don't have a verified sector peer group for this stock yet, so no sector peer median or peer comparison table is shown here. Showing one anyway would compare it against an arbitrary set of large-cap names, not real sector peers.
The bull case for TMCV
- TMCV's return on equity of 34.0% ranks in the top 4% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- TMCV's return on capital employed of 35.9% ranks in the top 5% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
The bear case & risks
- TMCV's P/E of 42.2x is lower than 31% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- A steep 13.3× price-to-book means most of the value is intangible/expectations, not assets on the books.
TMCV Piotroski F-Score: 4/8, how financially strong is it?
The Piotroski F-Score grades financial strength on profitability, leverage and efficiency checks. Downstox scores the eight checks it can verify from published filings, so 8 is full marks. TMCV scores 4/8, mixed financial health.
TMCV MTF margin & leverage across 10 brokers
Margin Trading Facility lets you buy TMCV with part of the capital. Lower margin % = higher leverage. Rates compared across 10 brokers (no competitor publishes this):
| Broker | Margin required | Approx. leverage |
|---|---|---|
| Upstox | 29.95% | 3.3× |
| Zerodha | 29.94% | 3.3× |
| Groww | 30.00% | 3.3× |
| DhanCHEAPEST | 29.94% | 3.3× |
| Kotak Neo | 29.94% | 3.3× |
| Paytm Money | 30.15% | 3.3× |
| Pocketful | 29.96% | 3.3× |
| Anand Rathi | 29.94% | 3.3× |
| Bajaj Broking | 31.00% | 3.2× |
| Share India | 30.00% | 3.3× |
Compare every broker on the TMCV MTF page.
About Tata Motors Commercial Vehicles: sector, index & market-cap context
Tata Motors Commercial Vehicles (TMCV) is a large-cap NSE-listed company, and a constituent of the Nifty 500 index, with a market capitalisation of ₹1.70L Cr. See more stocks on our screener.
How the TMCV Snapshot Score & forecast are built
The Downstox Snapshot Score is a transparent, rules-based read of Tata Motors Commercial Vehicles's public fundamentals plus a statistical forecast, not an analyst opinion. It rewards low-to-fair valuation, high ROE/ROCE, a strong Piotroski F-Score, a dividend, low volatility and a favourable probability of upside; it penalises rich valuations, weak capital efficiency, a low F-Score and high volatility. The price target is a 10,000-path Monte-Carlo simulation on real historical volatility, a distribution, not a single guess. The bull and bear cases are generated from the same data, so you always see both sides.
This is information, not investment advice. Do your own due diligence and consult a SEBI-registered adviser before investing.
TMCV analysis, FAQs
Is Tata Motors Commercial Vehicles (TMCV) a good buy?
On the numbers, Tata Motors Commercial Vehicles (TMCV) mixed signals, a Downstox Snapshot Score of 52/100, weighing expensive at 42.8× earnings, ROE of 34.0%. This is a data snapshot for research, not investment advice.
Is TMCV overvalued or undervalued?
TMCV trades at 42.8× earnings, expensive versus the ~22× long-run Nifty average.
What is the bull case for TMCV?
TMCV's return on equity of 34.0% ranks in the top 4% of the 2,373 NSE companies in our screener, as of 9 Aug 2026. TMCV's return on capital employed of 35.9% ranks in the top 5% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
What are the risks in TMCV?
TMCV's P/E of 42.2x is lower than 31% of the 2,373 NSE companies in our screener, as of 9 Aug 2026. A steep 13.3× price-to-book means most of the value is intangible/expectations, not assets on the books.