Tata Investment Corporation Ltd

Tata Investment Corporation is engaged in the business of Investment Company.

Pros:
Company is virtually debt free.
Stock is trading at 0.48 times its book value
Company has been maintaining a healthy dividend payout of 69.74%
Cons:
The company has delivered a poor growth of -4.07% over past five years.
Tax rate seems low
Company has a low return on equity of 2.92% for last 3 years.
** Remarks:
Some businesses are provided tax benefits to encourage their development

Peer Comparison Sector: Finance // Industry: Finance & Investments

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Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Mar 2019 Jun 2019
24 26 26
5 30 5
Operating Profit 19 -4 21
OPM % 81% -15% 81%
Other Income 1 0 0
Interest 0 0 0
Depreciation 0 0 0
Profit before tax 20 -4 21
Tax % 20% -40% 10%
Net Profit 16 -6 19
Notes Notes Notes

Profit & Loss Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
201 218 229 247 270 158 177
15 16 17 19 32 19 30
Operating Profit 186 202 213 229 237 139 147
OPM % 93% 93% 93% 92% 88% 88% 83%
Other Income 0 2 0 0 0 8 0
Interest 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0
Profit before tax 186 204 213 229 237 147 147
Tax % 13% 14% 14% 14% 16% 11% 9%
Net Profit 174 186 186 194 200 131 134
EPS in Rs 28.84 30.92 30.27 31.82 36.37 23.79 26.44
Dividend Payout % 51% 50% 50% 48% 49% 84% 76%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:%
5 Years:-4.07%
3 Years:-10.54%
TTM:12.26%
Compounded Profit Growth
10 Years:%
5 Years:-6.41%
3 Years:-11.71%
TTM:2.08%
Return on Equity
10 Years:%
5 Years:4.14%
3 Years:2.92%
Last Year:1.65%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
55 55 55 55 55 55 51
Reserves 2,000 2,096 2,178 2,257 2,463 8,247 7,874
Borrowings 0 0 0 0 0 0 0
117 123 125 14 19 1,564 1,554
Total Liabilities 2,172 2,274 2,358 2,326 2,537 9,866 9,478
13 14 14 14 14 14 14
CWIP 0 0 0 0 0 0 0
Investments 2,006 2,212 2,302 2,259 2,480 9,816 9,432
153 48 43 53 44 37 33
Total Assets 2,172 2,274 2,358 2,326 2,537 9,866 9,478

Cash Flows Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
104 84 92 90 68 67 92
-70 -45 18 146 -78 41 496
-135 -103 -110 -225 -1 -119 -584
Net Cash Flow -101 -64 1 11 -11 -12 4

Ratios Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 10% 10% 10% 10% 3% 2%
Debtor Days 0 3 1 0 0 33 8
Inventory Turnover