Tata Investment Corporation Ltd

₹ 6,650 -0.87%

26 Apr - close price

tatainvestment.com BSE: 501301 NSE - BE : TATAINVEST

About

Tata Investment Corporation Ltd is primarily engaged in the business of investment in listed and unlisted equity shares, debt instruments and mutual funds etc. of companies in a wide range of industries.
The company is a NBFC registered with the RBI under the category of Investment Company.^[1]

Key Points

Investment Portfolio
The company has a diversified investment portfolio consisting of investments in companies in the form of equity & bonds. They have invested in 85 companies as on 31st March, 2023, out of which 62 are Quoted and 23 are unquoted companies.^[1]
The company invests in Tata and non-Tata companies, though investments in Tata companies constitute a larger portion of company's portfolio.^[2]

Website BSE NSE - BE

Market Cap ₹ 33,647 Cr.
Current Price ₹ 6,650
High / Low ₹ 9,757 / 2,120
Stock P/E 120
Book Value ₹ 4,648
Dividend Yield 0.72 %
ROCE 1.33 %
ROE 1.24 %
Face Value ₹ 10.0

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Pros

Company is almost debt free.
Company has been maintaining a healthy dividend payout of 117%

Cons

Tax rate seems low
Company has a low return on equity of 1.16% over last 3 years.
Working capital days have increased from -247 days to 177 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Finance Industry: Finance & Investments

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
	14	25	73	81	53	46	126	96	25	41	123	114	31
	5	4	6	7	6	6	11	7	6	5	8	10	6
Operating Profit	9	20	68	74	47	40	115	89	19	36	114	104	25
OPM %	66%	82%	92%	91%	89%	87%	91%	93%	76%	87%	93%	91%	80%
	0	0	0	0	0	0	0	0	0	0	0	1	1
Interest	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0
Profit before tax	9	20	68	74	47	40	115	89	18	36	114	105	25
Tax %	18%	18%	4%	9%	21%	18%	6%	3%	20%	12%	2%	-8%	5%
	8	17	65	67	37	33	109	86	15	31	111	113	24
EPS in Rs	1.48	3.26	12.78	13.21	7.28	6.53	21.48	17.04	2.94	6.16	22.00	22.38	4.76
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
	202	206	221	231	252	271	161	182	149	140	253	288	308
	16	14	15	15	18	31	19	21	19	19	24	29	30
Operating Profit	186	192	206	216	234	240	142	161	130	121	229	259	278
OPM %	92%	93%	93%	93%	93%	89%	88%	88%	87%	86%	90%	90%	90%
	0	0	2	0	0	0	0	0	0	0	0	0	3
Interest	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	1	1	1	1	1
Profit before tax	186	192	208	216	234	240	142	161	129	120	228	259	280
Tax %	13%	13%	14%	14%	14%	16%	11%	8%	8%	9%	12%	7%
	162	167	179	187	203	202	127	148	119	109	201	241	280
EPS in Rs	29.33	30.34	32.43	33.85	36.77	36.73	22.99	29.18	23.45	21.51	39.80	47.61	55.30
Dividend Payout %	72%	53%	52%	50%	46%	49%	87%	69%	77%	112%	138%	101%

Compounded Sales Growth
10 Years:	3%
5 Years:	12%
3 Years:	24%
TTM:	5%

Compounded Profit Growth
10 Years:	4%
5 Years:	14%
3 Years:	27%
TTM:	15%

Stock Price CAGR
10 Years:	30%
5 Years:	51%
3 Years:	86%
1 Year:	208%

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 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
Equity Capital	55	55	55	55	55	55	55	51	51	51	51	51	51
Reserves	1,866	1,923	2,010	2,094	2,181	2,390	8,127	7,770	7,923	14,060	19,482	19,352	23,464
	0	0	0	0	0	0	0	0	0	0	0	0	0
	145	116	122	124	13	18	1,556	1,547	121	644	1,312	1,274	1,837
Total Liabilities	2,066	2,094	2,188	2,273	2,249	2,462	9,738	9,367	8,095	14,754	20,845	20,676	25,351
	0	0	0	0	0	0	0	0	1	1	2	2	1
CWIP	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments	1,808	1,942	2,142	2,232	2,197	2,420	9,702	9,341	8,049	14,706	20,780	20,472	25,220
	258	152	46	41	51	42	35	26	44	48	62	203	130
Total Assets	2,066	2,094	2,188	2,273	2,249	2,462	9,738	9,367	8,095	14,754	20,845	20,676	25,351

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	77	104	83	93	90	69	68	95	112	86	127	215
	-389	-70	-46	17	145	-79	41	494	12	6	-4	63
	274	-134	-103	-110	-225	-1	-119	-584	-122	-95	-122	-279
Net Cash Flow	-38	-101	-66	1	11	-11	-10	4	1	-3	1	-1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Debtor Days	0	0	3	1	0	0	32	0	2	0	58	0
Inventory Days
Days Payable
Cash Conversion Cycle	0	0	3	1	0	0	32	0	2	0	58	0
Working Capital Days	-104	-10	-144	-148	42	12	21	-14	-14	-8	-909	177
ROCE %	10%	10%	10%	10%	11%	10%	3%	2%	2%	1%	1%	1%

Shareholding Pattern

Numbers in percentages

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	73.38%	73.38%	73.38%	73.38%	73.38%	73.38%	73.38%	73.38%	73.38%	73.38%	73.38%	73.38%
	1.73%	1.61%	1.33%	1.33%	1.33%	0.87%	1.00%	1.02%	1.16%	1.12%	1.20%	2.25%
	0.47%	0.45%	0.43%	0.43%	0.46%	0.42%	0.43%	0.43%	0.43%	0.44%	0.45%	0.46%
	0.49%	0.49%	0.49%	0.49%	0.49%	0.49%	0.49%	0.49%	0.49%	0.49%	0.49%	0.49%
	23.92%	24.06%	24.36%	24.36%	24.33%	24.83%	24.69%	24.66%	24.52%	24.56%	24.48%	23.41%
No. of Shareholders	42,411	46,338	57,213	58,008	61,081	84,082	87,611	92,620	92,424	95,562	1,14,270	1,48,291

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	73.01%	73.01%	73.38%	73.38%	73.38%	73.38%	73.38%	73.38%
	1.99%	1.64%	2.04%	2.11%	1.99%	1.33%	1.02%	2.25%
	2.44%	2.25%	2.11%	1.83%	0.93%	0.43%	0.43%	0.46%
	0.75%	0.74%	0.80%	0.80%	0.49%	0.49%	0.49%	0.49%
	21.81%	22.36%	21.66%	21.88%	23.20%	24.36%	24.66%	23.41%
No. of Shareholders	27,737	32,259	36,109	33,491	36,218	58,008	92,620	1,48,291

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Tata Investment Corporation Ltd

Tata Investment Corporation Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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