Tata Investment Corporation Ltd

₹ 2,325 -0.16%
05 Dec - 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 11,765 Cr.
  • Current Price 2,325
  • High / Low 2,886 / 1,216
  • Stock P/E 45.8
  • Book Value 4,015
  • Dividend Yield 2.37 %
  • ROCE 1.45 %
  • ROE 1.26 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 0.58 times its book value
  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 103%

Cons

  • The company has delivered a poor sales growth of -1.20% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 1.27% over last 3 years.
  • Debtor days have increased from 40.0 to 77.5 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

Consolidated Figures in Rs. Crores / View Standalone

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
81 25 21 31 75 27 31 62 89 51 52 102 107
6 5 58 9 4 5 24 6 7 6 23 11 7
Operating Profit 74 20 -36 22 71 22 7 56 82 45 29 91 100
OPM % 92% 81% -170% 70% 94% 82% 23% 91% 92% 89% 56% 89% 94%
20 3 0 0 38 9 0 1 28 6 0 6 11
Interest 0 0 0 0 1 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 94 23 -37 22 108 31 7 57 109 51 29 97 111
Tax % 2% 30% -0% 15% 2% 9% 59% 6% 8% 22% 30% 8% 4%
Net Profit 92 16 -37 18 106 28 3 54 101 40 20 90 107
EPS in Rs 18.26 3.13 -7.17 3.59 20.87 5.44 0.53 10.64 19.86 7.87 3.98 17.78 21.17
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
201 218 229 247 270 158 177 144 163 254 312
15 16 17 19 32 19 30 42 20 25 46
Operating Profit 186 202 213 229 237 139 147 102 144 229 266
OPM % 93% 93% 93% 92% 88% 88% 83% 71% 88% 90% 85%
0 2 0 0 0 8 0 0 25 18 24
Interest 0 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 1 1 1 1
Profit before tax 186 204 213 229 237 147 147 101 167 246 288
Tax % 13% 14% 14% 14% 16% 11% 9% 11% 8% 13%
Net Profit 174 186 186 194 200 131 134 90 155 214 257
EPS in Rs 31.55 33.81 33.73 35.28 36.37 23.79 26.44 17.89 30.43 42.34 50.80
Dividend Payout % 51% 50% 50% 48% 49% 84% 76% 101% 79% 130%
Compounded Sales Growth
10 Years: %
5 Years: -1%
3 Years: 13%
TTM: 49%
Compounded Profit Growth
10 Years: %
5 Years: 1%
3 Years: 17%
TTM: 39%
Stock Price CAGR
10 Years: 18%
5 Years: 22%
3 Years: 42%
1 Year: 61%
Return on Equity
10 Years: %
5 Years: 1%
3 Years: 1%
Last Year: 1%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
55 55 55 55 55 55 51 51 51 51 51
Reserves 2,000 2,096 2,178 2,257 2,463 8,247 7,874 8,007 14,188 19,625 20,262
0 0 0 0 0 0 0 0 0 0 0
117 123 125 14 19 1,564 1,554 122 647 1,314 1,262
Total Liabilities 2,172 2,274 2,358 2,326 2,537 9,866 9,478 8,179 14,886 20,990 21,575
13 14 14 14 14 14 14 15 14 16 15
CWIP 0 0 0 0 0 0 0 0 0 0 0
Investments 2,006 2,212 2,302 2,259 2,480 9,816 9,432 8,128 14,836 20,893 21,336
153 48 43 53 44 37 33 37 36 82 223
Total Assets 2,172 2,274 2,358 2,326 2,537 9,866 9,478 8,179 14,886 20,990 21,575

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
104 84 92 90 68 67 92 117 86 122
-70 -45 18 146 -78 41 496 12 3 4
-135 -103 -110 -225 -1 -119 -584 -123 -95 -122
Net Cash Flow -101 -64 1 11 -11 -12 4 7 -6 4

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 0 3 1 0 0 33 8 3 0 78
Inventory Days
Days Payable
Cash Conversion Cycle 0 3 1 0 0 33 8 3 0 78
Working Capital Days -10 -146 -150 43 11 33 -6 -14 -8 55
ROCE % 10% 10% 10% 10% 3% 2% 1% 2% 1%

Shareholding Pattern

Numbers in percentages

4 recently
Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 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
2.11 2.11 2.11 2.05 1.86 1.99 1.73 1.61 1.33 1.33 1.33 0.87
1.95 1.83 1.65 1.10 0.96 0.93 0.47 0.45 0.43 0.43 0.46 0.42
0.80 0.80 0.80 0.49 0.49 0.49 0.49 0.49 0.49 0.49 0.49 0.49
21.75 21.88 22.05 22.98 23.30 23.20 23.92 24.06 24.36 24.36 24.33 24.83

* The XBRL reporting format changed from Sep'2022 onwards. The new format added details about banks and foreign portfolio investors. These were not available earlier.
The sudden increase in FII or DII might be because of these changes.

Please click on the line-items to see the names of individual entities.

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