Tata Investment Corporation Ltd.

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tatainvestment.comBSE: 501301NSE: TATAINVEST

Market Cap₹ 32,940 Cr.

Current Price

High / Low₹ 1,185 / 539

Stock P/E87.9

Book Value₹ 573

Price to Book0.95

Dividend Yield0.52 %

ROCE1.3 %

ROE1.2 %

Face Value₹ 1

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ABOUT

AI Sector View

AI GENERATED

Financial Services

Buy

Financials remain one of the clearest macro beneficiaries. Loan growth was 18.3% (Aug/26) versus deposit growth 14.7% (Aug/26), SCB credit growth was 17.5% YoY (2026-07), UPI transactions rose 22.0% YoY (2026-07), and M3 money supply grew 15.0% YoY (2026-07). Sector flows have also turned meaningfully supportive, with INR 13171 crore net FPI inflow over 3 months to 2026-08-31 after INR -114652 crore in the prior 3 months.

Confidence

84%

View full sector analysis →

PROS

Company has delivered good profit growth of 26.3% CAGR over last 5 years
Asset quality is healthy - gross NPA of just 0.0%
Company has delivered good sales growth of 24.6% CAGR over last 5 years
Company has been maintaining a healthy dividend payout of 49.1%
Company has a consistent dividend-paying track record
Company generates healthy free cash flow

CONS

Company has a low return on capital employed of 1.2%
Company has a low return on equity of 1.1% over last 3 years
Valuation is stretched - P/E of 87.9 is well above its own 5-year median (11.3)
Effective tax rate is unusually low at 8.6% - earnings may be flattered
Thin net interest margin of 0.0%

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Financial ServicesFinanceFinance - NBFC

Part ofNIFTYLARGEMIDCAP250 NIFTYMIDCAP150 NIFTY MIDCAP 100 NIFTY MIDCAP 150 NIFTY TOTAL MKT

S.No.	Name
1.	BAJFINANCE	1034.20	31.71	643888.19	0.58	6080.60	27.60	23165.45	20.37	10.87	70.70
2.	SHRIRAMFIN	1028.00	21.37	241893.03	1.05	3452.77	59.90	13400.43	17.46	11.49	74.63
3.	CHOLAFIN	1845.00	27.40	157575.18	0.11	1656.22	45.56	8856.29	21.89	9.70	70.07
4.	TATACAP	362.80	28.50	154003.85	0.16	16281.80	1464.16	88219.30	1051.00	8.66	75.72
5.	JIOFIN	230.00	73.49	151872.26	0.26	830.25	155.73	2004.47	227.28	2.11	69.71
6.	BAJAJHLDNG	11120.70	13.97	123766.17	1.75	2708.08	-92.27	394.33	23.34	14.81	684.72
7.	MUTHOOTFIN	2794.40	9.86	112186.35	1.07	2824.84	43.08	8671.60	36.25	15.87	83.76
8.	ABCAPITAL	398.60	26.59	109118.68	0.00	1223.85	43.85	12179.54	137.84	8.82	41.91
9.	LTF	309.50	24.37	77571.61	0.89	915.99	30.70	5212.92	22.38	8.54	62.13
10.	SBICARD	656.05	27.44	62432.55	0.38	664.44	19.51	5040.55	7.60	11.75	29.83
11.	HDBFS	668.65	25.53	55549.10	0.60	785.20	38.31	4937.90	18.71	9.09	57.98
12.	TATAINVEST	651.05	76.45	32940.07	0.52	143.51	-1.91	151.66	6.39	1.57	119.79

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	123	114	31	56	141	132	44	50	168	145	44	51	209
	8	10	6	7	11	9	9	8	10	10	10	9	12
Operating Profit	114	104	25	48	130	123	35	43	160	138	38	45	198
OPM %	93.10%	91.49%	80.27%	86.64%	92.11%	93.29%	79.64%	86.16%	95.48%	95.16%	85.10%	89.16%	94.75%
Other Income	0	1	1	0	1	0	0	0	1	0	3	2	0
Interest	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	1	1	1	1	1	1
	114	105	25	48	130	123	35	43	160	138	40	46	197
Tax %	2.49%	-7.92%	5.16%	26.88%	13.47%	18.65%	0.67%	17.35%	12.78%	11.41%	6.78%	-12.39%	16.96%
Net Profit	111	113	24	35	113	100	34	35	139	122	37	52	164
	22	22	5	7	22	2	1	1	28	2	1	1	0

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	271	161	182	149	140	253	288	322	368	420	449
	31	19	21	19	19	24	29	32	37	39	41
Operating Profit	240	142	161	130	121	229	259	291	331	381	409
OPM %	88.50%	88.27%	88.38%	86.98%	86.27%	90.35%	90.01%	90.20%	89.93%	90.71%	90.97%
	0	0	0	0	0	0	1	3	1	6	6
Interest	0	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	1	1	1	1	1	2	4	4
Profit before Tax	240	142	161	129	120	228	259	293	331	383	421
Tax %	15.70%	10.80%	8.08%	8.18%	9.31%	11.72%	6.83%	3.01%	14.57%	8.62%	10.95%
Net Profit	202	127	148	119	109	201	241	284	283	350	375
EPS	36.73	22.99	27.02	23.45	21.51	39.80	47.61	56.11	55.84	6.92	—
Dividend Payout %	49.00%	87.01%	68.53%	76.76%	111.57%	138.19%	100.81%	49.90%	48.35%	49.13%	—

COMPOUNDED SALES GROWTH

10 Years:: 5%
5 Years:: 25%
3 Years:: 13%

COMPOUNDED PROFIT GROWTH

10 Years:: 6%
5 Years:: 26%
3 Years:: 13%

STOCK PRICE CAGR

10 Years:: 28%
5 Years:: 38%
3 Years:: 38%
1 Year:: -5%

RETURN ON EQUITY

10 Years:: 2%
5 Years:: 1%
3 Years:: 1%
Last Year:: 1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	55	55	51	51	51	51	51	51	51	51
	2,390	8,127	7,770	7,923	14,060	19,482	19,352	29,641	30,739	28,784
	0	0	0	0	0	0	0	3	10	8
Trade Payables	10	6	6	5	2	4	4	8	3	7
	251	1,838	1,875	346	801	1,517	1,479	3,089	3,968	3,701
Total Liabilities	2,705	10,026	9,702	8,325	14,913	21,053	20,885	32,792	34,771	32,551
	0	0	0	1	1	2	1	1	3	2
	2,420	9,702	9,341	8,049	14,706	20,780	20,472	32,557	34,343	32,085
	0	0	0	0	0	0	0	0	0	1
Cash & Bank	12	12	17	17	18	8	39	14	7	3
	273	312	344	257	188	263	373	220	418	460
Total Assets	2,705	10,026	9,702	8,325	14,913	21,053	20,885	32,792	34,771	32,551

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	107	113	141	130	98	177	271	215	204	268
Cash from Investing	-79	41	494	12	6	-4	63	37	-68	-135
Cash from Financing	-1	-119	-584	-122	-95	-122	-279	-244	-143	-138
	-11	-10	4	1	-3	1	-1	7	-6	-4

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
73.38	73.38	73.38	73.38	73.38	73.38	73.38	73.38	73.38
2.35	2.26	2.24	2.46	2.54	2.69	2.54	2.62	2.66
0.48	0.50	0.52	0.53	0.53	0.53	0.53	0.54	0.56
0.49	0.49	0.49	0.49	0.49	0.49	0.41	0.41	0.41
23.30	23.36	23.36	23.13	23.05	22.90	23.13	23.04	22.97

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-10

Spurt in Volume

2026-09-10 - Significant increase in volume has been observed in Tata Investment Corporation Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company. Tata Investment Corporation Limited has submitted their response.

2026-09-10

Spurt in Volume

2026-09-10 - Significant increase in volume has been observed in Tata Investment Corporation Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written to the company. The response from the company is awaited.

2026-08-11

Copy of Newspaper Publication

2026-08-11 - Tata Investment Corporation Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-07

Spurt in Volume

2026-08-07 - Significant increase in volume has been observed in Tata Investment Corporation Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company. Tata Investment Corporation Limited has submitted their response.

2026-08-07

Spurt in Volume

2026-08-07 - Significant increase in volume has been observed in Tata Investment Corporation Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written to the company. The response from the company is awaited.

2026-08-06

Copy of Newspaper Publication

2026-08-06 - Tata Investment Corporation Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-04

Outcome of Board Meeting

2026-08-04 - Tata Investment Corporation Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.

2026-07-15

Credit Rating

2026-07-15 - Tata Investment Corporation Limited has informed the Exchange about Credit Rating

2026-07-07

General Updates

2026-07-07 - Tata Investment Corporation Limited has informed the Exchange about ESG Rating Update.