Decrease in EPS when compared to previous year.

Reason: PAT has decreased Number of shares increased

In 2009-10 PAT is more than in 2010-11, because profit on sale of assets has contributed. Increase in shares is due to issue of new shares.

DPS has increased in 2010-11. Reason: The company has issued dividend to all the equity share holders that may be allotted by the company prior to July, 21, 2011 . The cash outflow for issue of dividend comes from standalone profits of the company.

It has decreased in 2010-11 Reason: ROE = PAT/Share holders equity There is an increase in share holders equity due to issue of new shares to raise capital in 2010-11.

It has decreased. Reason: During the year the Company spent 1,187.21 crores on Research and Development activities including expenditure on capital assets purchased for Research and Development which was 2.47% of the net turnover.

It is 1.71 as at March 31, 2011 as compared to 4.28 as at March 31, 2010. Reason:

Due to increase in equity in the year

The significant reduction in debt mainly relate improvement in operations, fund raising through Qualifi ed Institutional Placement issue of `3,249.80 crores and Conversion of Foreign Currency Convertible Notes of 1,490.25 crores.

The increase in current assets represents (a) Increase in inventory due to volumes (b) Cash and bank balances increased due to surplus cash at Jaguar Land Rover business and unutilized proceeds of QIP issue of `505.00 crores; and (c) Loans and advances increased, which represents (i) increase in vehicle financing activity to support the demand;

It has increased. Reasons: The Company issued rated, listed, secured/unsecured non-convertible debentures of `900 crores with maturities of 10 to 15 years as a step to raise long term resources and optimize the loan maturity profile.

In October 2010, the Company raised funds aggregating `3,351 crores (US$ 750 million) by an issue of 3,21,65,000 A Ordinary Shares at a price of 764/- per share and 83,20,300 Ordinary Shares at a price of `1,074/- per share to Qualifi ed Institutional Buyers('QIBs'), under a qualified institutional placement

The Companys total domestic sales increased by 22.8% in 2010-11. The commercial vehicle sales grew by 22.7% and the Company maintained its leadership position in the domestic market despite new players entering the field. The passenger vehicles grew by 23.0% in the domestic market on the back of increased volumes of the Nano, launch of Aria and the launches of new variants of Indigo, Manza and Safari.

The Companys exports increased by 70.3% during the year with significant economic improvement in its major international markets such as the Indian sub-continent, South Africa and the Middle East.

According to Z Score, the company is doing well through 5years. There is no chance of bankruptcy. Even in 2009, where the sales turnover, market cap, are less then Z score has decreased from previous year, the Tata Motors company is far ahead from bankruptcy.