Tata Investment Corporation Ltd

₹ 2,321 0.79%
03 Oct - close price
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 investments portfolio that consists of investments in companies in the form of equity & bonds. Presently, the company is invested in ~88 companies out of which 69 are quoted and 19 are unquoted.[1]
The company invests in Tata and non-Tata companies, though investments in Tata companies constitute a larger portion of company's portfolio.[2]
Its investment portfolio includes :-[3]

  • Market Cap 11,735 Cr.
  • Current Price 2,321
  • High / Low 2,886 / 1,216
  • Stock P/E 47.8
  • Book Value 3,861
  • Dividend Yield 2.37 %
  • ROCE 1.36 %
  • ROE 1.20 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 0.60 times its book value
  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 109%

Cons

  • The company has delivered a poor sales growth of -1.36% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 1.20% over last 3 years.
  • Debtor days have increased from 30.0 to 57.6 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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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
25 85 23 16 22 79 14 25 73 81 53 46 126
4 6 5 5 6 4 5 4 6 7 6 6 11
Operating Profit 22 78 19 11 16 75 9 20 68 74 47 40 115
OPM % 85% 93% 80% 71% 72% 95% 66% 82% 92% 91% 89% 87% 91%
0 -0 0 -0 0 -0 -0 -0 0 -0 -0 0 0
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 22 78 18 11 16 75 9 20 68 74 47 40 115
Tax % 9% 2% 36% 3% 21% 4% 18% 18% 4% 9% 21% 18% 6%
Net Profit 19 77 12 11 12 72 8 17 65 67 37 33 109
EPS in Rs 3.85 15.15 2.35 2.11 2.45 14.32 1.48 3.26 12.78 13.21 7.28 6.53 21.48
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
244 202 206 221 231 252 271 161 182 149 140 253 306
12 16 14 15 15 18 31 19 21 19 19 24 30
Operating Profit 232 186 192 206 216 234 240 142 161 130 121 229 277
OPM % 95% 92% 93% 93% 93% 93% 89% 88% 88% 87% 86% 90% 90%
4 0 0 2 0 0 0 0 0 0 0 0 0
Interest 1 -0 -0 -0 -0 -0 -0 -0 -0 0 0 0 0
Depreciation 1 0 0 0 0 0 0 0 0 1 1 1 1
Profit before tax 234 186 192 208 216 234 240 142 161 129 120 228 276
Tax % 15% 13% 13% 14% 14% 14% 16% 11% 8% 8% 9% 12%
Net Profit 199 162 167 179 187 203 202 127 148 119 109 201 245
EPS in Rs 41.17 29.33 30.34 32.43 33.85 36.77 36.73 22.99 29.18 23.45 21.51 39.80 48.50
Dividend Payout % 39% 72% 53% 52% 50% 46% 49% 87% 69% 77% 112% 138%
Compounded Sales Growth
10 Years: 2%
5 Years: -1%
3 Years: 12%
TTM: 60%
Compounded Profit Growth
10 Years: 2%
5 Years: 0%
3 Years: 11%
TTM: 52%
Stock Price CAGR
10 Years: 18%
5 Years: 21%
3 Years: 42%
1 Year: 62%
Return on Equity
10 Years: 3%
5 Years: 1%
3 Years: 1%
Last Year: 1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
48 55 55 55 55 55 55 55 51 51 51 51
Reserves 1,591 1,866 1,923 2,010 2,094 2,181 2,390 8,127 7,770 7,923 14,060 19,482
-0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0
9 145 116 122 124 13 18 1,556 1,547 121 644 1,312
Total Liabilities 1,649 2,066 2,094 2,188 2,273 2,249 2,462 9,738 9,367 8,095 14,754 20,845
1 0 0 0 0 0 0 0 0 1 1 2
CWIP -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0
Investments 1,291 1,808 1,942 2,142 2,232 2,197 2,420 9,702 9,341 8,049 14,706 20,780
357 258 152 46 41 51 42 35 26 44 48 62
Total Assets 1,649 2,066 2,094 2,188 2,273 2,249 2,462 9,738 9,367 8,095 14,754 20,845

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
46 77 104 83 93 90 69 68 95 112 86 127
65 -389 -70 -46 17 145 -79 41 494 12 6 -4
-90 274 -134 -103 -110 -225 -1 -119 -584 -122 -95 -122
Net Cash Flow 21 -38 -101 -66 1 11 -11 -10 4 1 -3 1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 10 -0 0 3 1 0 0 32 0 2 -0 58
Inventory Days
Days Payable
Cash Conversion Cycle 10 -0 0 3 1 0 0 32 0 2 -0 58
Working Capital Days 199 -104 -10 -144 -148 42 12 21 -14 -14 -8 35
ROCE % 15% 10% 10% 10% 10% 11% 10% 3% 2% 2% 1% 1%

Shareholding Pattern

Numbers in percentages

4 recently
Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
73.38 73.38 73.38 73.38 73.38 73.38 73.38 73.38 73.38 73.38 73.38 73.38
2.17 2.11 2.11 2.11 2.05 1.86 1.99 1.73 1.61 1.33 1.33 1.33
2.07 1.95 1.83 1.65 1.10 0.96 0.93 0.47 0.45 0.43 0.43 0.46
0.80 0.80 0.80 0.80 0.49 0.49 0.49 0.49 0.49 0.49 0.49 0.49
21.57 21.75 21.88 22.05 22.98 23.30 23.20 23.92 24.06 24.36 24.36 24.33

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