“Over time the skill with which a company's manager allocate capital has an enormous impact on the enterprise value." - Warren Buffett
In the journey of investing and studying various businesses, we come across different business structures. Recently we analysed SRF Ltd. where we saw how a conglomerate used the fungible cash flows to erect other businesses and now we'll analyse another such business which is into Auto Sectors but inside it housed are full fledged segments of auto industries. This business is well known to all of us, Tata Motors Ltd. , and we all must have used their cars at some point or the other and will continue using them in future. TATA is synonymous with trust in India, let’s study in detail how this engineering company transformed into a Multinational Auto Conglomerate. We'll discuss in detail about the history, business segments, EV trajectory and a very special & important SOTP Analysis (Sum of the Parts). This SOTP Analysis will add immense value to all listeners.
