Tata Motors (NSE:TMCV) ROCE %: 51.40% (As of Mar. 2026)


NSE:TMCV Tata Motors Ltd NSE:TMCV
12 GF Score
Price ₹423.10
! 2 Warning Signs
View Full Analysis

What is Tata Motors ROCE %?

Tata Motors NSE:TMCV -2.04% 12 ROCE % is 51.40% as of Mar. 2026. GuruFocus rates NSE:TMCV with a GF Score™ of 12/100. The stock has 2 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Tata Motors's annualized ROCE % for the quarter that ended in Mar. 2026 was 51.40%.

Tata Motors  (NSE:TMCV) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Tata Motors ROCE % Related Terms

Tata Motors ROCE % Historical Data

* Premium members only.

The historical data trend for Tata Motors's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Tata Motors ROCE % Chart

Tata Motors Annual Data
Trend Mar24 Mar25 Mar26
ROCE %
18.28 4.74 25.82

Tata Motors Quarterly Data
Mar24 Dec24 Mar25 Dec25 Mar26
ROCE % 0.00 3.82 36.09 21.21 51.40
NSE:TMCV
12GF Score
Tata Motors Ltd NSE:TMCV
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tata Motors ROCE % Calculation

Tata Motors's annualized ROCE % for the fiscal year that ended in Mar. 2026 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=55370/( ( (468510 - 256710) + (523090 - 306030) )/ 2 )
=55370/( (211800+217060)/ 2 )
=55370/214430
=25.82 %

Tata Motors's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=111560/( ( (0 - 0) + (523090 - 306030) )/ 1 )
=111560/( ( 0 + 217060 )/ 1 )
=111560/217060
=51.40 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 51.40% mean?
Tata Motors (NSE:TMCV) has a ROCE % of 51.40% as of Mar. 2026.
Is Tata Motors' ROCE % too high?
Tata Motors' current ROCE % is 51.40%. The Vehicles & Parts industry median ROCE % is 7.94. Tata Motors' value of 51.40% is 547.4% above this industry median. Overall, Tata Motors has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Tata Motors' ROCE % compare to TSLA and GM?
Tata Motors' ROCE % of 51.40% can be compared against companies in the Vehicles & Parts industry. The industry median ROCE % is 7.94. Tata Motors' value of 51.40% is 547.4% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Vehicles & Parts company?
The median ROCE % among Vehicles & Parts companies is 7.94, based on 1,319 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tata Motors's current ROCE % of 51.40% is 547.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Vehicles & Parts industry, the median ROCE % is 7.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tata Motors's current ROCE % is 51.40%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tata Motors stock overvalued right now?
Tata Motors (NSE:TMCV) has a current ROCE % of 51.40%. The current ROCE % is 51.40% and 547.4% above the Vehicles & Parts industry median of 7.94. Tata Motors' overall GF Score™ is 12/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Tata Motors (NSE:TMCV), the current ROCE % is 51.40% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Tata Motors Business Description

Other Exchanges 544569:India
Address Bombay House, 24 Homi Mody Street, Mumbai, MH, IND, 400001
Tata Motors Ltd is an automobile manufacturer, offering a diverse portfolio of smarter, integrated, and safer mobility solutions. It designs, manufactures, and sells a wide range of automotive vehicles. The company also manufactures engines for industrial applications. Its operating segments consist of: a) Automotive: The Automotive segment consists of Tata Commercial Vehicles and consists of three sub-segments: Commercial Vehicles, Corporate/ unallocable, Intrasegment. b) Others: Others consist of IT services and Insurance Broking services. The majority of revenue is generated from the Tata Commercial Vehicles sub-segment of the Automotive segment. Geographically, the group operates in India, South Korea, and the rest of the world. The majority of its revenue is generated in India.
12GF Score

Get the complete analysis for NSE:TMCV

ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹423.10
Price