Why is Tata Motors in 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.
How much debt does Tata group have?
The adjusted net debt of the entire group stood at ₹2.6 lakh crore compared to ₹2.38 lakh crore in the previous year. In 2020-21, Tata Sons has invested in new businesses across manufacturing, services and digital platform to capitalise on future value creation opportunities, said the company.
Is Tata a debt free company?
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.
Which Tata companies are in losses?
Automotive and telecom post big losses Tata Motors, Indian Hotels, and the listed telecom venture, Tata Teleservices (Maharashtra), however, remain the weak spots for the group. Big losses at these three companies undid the gains posted by firms such as Tata Steel, Tata Consumer, Voltas, and Tata Elxsi.
Is Tata Power in debt?
TPCL still has around ₹48,500-crore consolidated debt on its books, including net debt of ₹38,898 crore. In the January-March 2021 quarter, the debt was lower at ₹43,170 crore. The increase in debt is primarily due working capital and capex requirements, the company had said after the June-quarter result.
Which are debt free companies in India?
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 | 0 | 66.17TCr |
| Max Financial | 0 | 34.77TCr |
| Hindustan Unilever Limited (HUL) | 0 | 5.58LCr |
| ICICI Prudential Life Insurance | 0 | 84.38TCr |
Is Tata company in loss?
The company had posted a net loss of Rs 314 crore in the year-ago period (Q2FY21) and Rs 4,451 crore in the June quarter, respectively. The Mumbai-headquartered firm’s revenue from operations rose 14 per cent to Rs 61,378 crore in the reporting period against Rs 53,530 crore last year.
How will Tata Motors reduce debt?
The sustained surge in demand, improvement in the supply of semiconductors, timely introduction of new products and strict cost-cutting measures will help Tata Motors bring down its debt to zero as committed before, reiterated Chairman N Chandrasekaran at the company’s 76th annual general meeting.
Is Tata Steel in debt?
Tata Steel’s debt problem Tata Steel repaid ₹11,424 crore in the first half of the current financial year and the company has targeted additional, aggressive deleveraging in the second half. The steel maker’s debt stands at ₹68,860 crore ($688 billion).
Which Tata companies are profitable?
In the last five years, dividend and share buybacks by TCS have accounted for nearly 94 per cent of all Tata Sons earnings. The payout by other group companies such as Titan, Tata Power, Tata Chemicals, Tata Consumer, Voltas and Tata Communications remains a fraction of the amount paid by TCS and Tata Steel.
How bad is the debt situation of Tata Group?
The most-debt laden firms in the group would struggle to clear their debt with such losses. Tata Steel, for instance, is saddled with a gross debt of Rs 1,00,816 crore, Tata Power Rs 48,506 crore and Tata Motors’ automotive division Rs 68,360 crore (as of March 2019).
Will Tata discuss M&A plans with board?
The board of Tata Sons, the holding company of the diversified conglomerate, will discuss the various mergers and acquisitions (M&A) plans of the Tata group, especially with regard to the debt that it will be running up, said two people with direct knowledge of the development.
How much capital has been spent on recapitalisation of Tata companies?
“All the businesses are scaling up and about Rs 22,000 crore in terms of capital has been deployed from Tata Sons till date to recapitalise companies excluding telecom,” he said. Chandrasekaran is confident that the three companies can service debt on their own, without relying on Tata Sons.
How much debt will Tata take in Bhushan-Tata Teleservices deal?
Tata is expected to assume about Rs 31,000 crore of debt in the Tata Teleservices deal. Tata Steel’s debt could rise to about Rs 90,000 crore if the Bhushan acquisitions go through. “All the acquisition and merger proposals will be discussed at the board meeting soon,” said one of the two persons cited above.