Tata Capital Ltd
Tata Capital Limited ("TCL"), the flagship financial services company of the Tata Group, is a subsidiary of Tata Sons Private Limited and is carrying on business as a NBFC. It is engaged in providing/supplying a wide array of services/products in the financial services sector and operates across various areas of business: Commercial Finance, Consumer Loans, Wealth Services and distribution and marketing of Tata Cards.[1]
- Market Cap ₹ 1,41,396 Cr.
- Current Price ₹ 333
- High / Low ₹ 368 / 300
- Stock P/E 29.0
- Book Value ₹ 108
- Dividend Yield 0.00 %
- ROCE 8.58 %
- ROE 12.3 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 3.08 times its book value
- Company has low interest coverage ratio.
- Company has a low return on equity of 13.2% over last 3 years.
- Company might be capitalizing the interest cost
* 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
Financial Services Financial Services Finance Non Banking Financial Company (NBFC)
Part of Nifty Next 50 Nifty 500 Nifty 100 BSE IPO Nifty 200
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 9,835 | 10,162 | 13,631 | 18,178 | 28,324 | 31,540 | |
| Interest | 5,213 | 4,889 | 6,601 | 9,568 | 15,030 | 15,985 |
| 2,826 | 2,908 | 3,018 | 3,951 | 8,032 | 8,458 | |
| Financing Profit | 1,797 | 2,364 | 4,013 | 4,659 | 5,263 | 7,096 |
| Financing Margin % | 18% | 23% | 29% | 26% | 19% | 22% |
| 152 | 260 | 150 | 21 | 46 | 4 | |
| Depreciation | 334 | 276 | 226 | 288 | 390 | 538 |
| Profit before tax | 1,615 | 2,348 | 3,937 | 4,392 | 4,919 | 6,562 |
| Tax % | 23% | 23% | 25% | 24% | 26% | 25% |
| 1,245 | 1,801 | 2,946 | 3,327 | 3,655 | 4,891 | |
| EPS in Rs | 3.20 | 4.69 | 8.51 | 8.41 | 9.64 | 11.42 |
| Dividend Payout % | 0% | 3% | 2% | 2% | 4% | 5% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 26% |
| 3 Years: | 32% |
| TTM: | 11% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 34% |
| 3 Years: | 17% |
| TTM: | 33% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 14% |
| 3 Years: | 13% |
| Last Year: | 12% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 3,464 | 3,463 | 3,507 | 3,703 | 3,762 | 4,217 |
| Reserves | 6,509 | 8,250 | 13,833 | 19,714 | 29,429 | 41,645 |
| Borrowing | 69,166 | 86,343 | 113,541 | 148,512 | 208,851 | 236,376 |
| 3,792 | 4,319 | 4,745 | 4,765 | 6,422 | 8,266 | |
| Total Liabilities | 82,930 | 102,376 | 135,626 | 176,694 | 248,465 | 290,504 |
| 901 | 719 | 733 | 1,190 | 2,003 | 2,636 | |
| CWIP | 8 | 11 | 20 | 8 | 16 | 1 |
| Investments | 4,653 | 7,846 | 13,254 | 8,733 | 9,866 | 9,508 |
| 77,368 | 93,798 | 121,619 | 166,763 | 236,580 | 278,358 | |
| Total Assets | 82,930 | 102,376 | 135,626 | 176,694 | 248,465 | 290,504 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 3,137 | -14,387 | -23,190 | -37,999 | -29,872 | -37,965 | |
| -2,626 | -2,614 | -2,263 | 5,758 | 3,167 | 267 | |
| -2,787 | 17,056 | 26,430 | 35,952 | 29,412 | 31,848 | |
| Net Cash Flow | -2,275 | 55 | 977 | 3,712 | 2,707 | -5,849 |
| Free Cash Flow | 3,131 | -14,363 | -23,337 | -38,632 | -30,894 | -38,929 |
| CFO/OP | 48% | -190% | -208% | -258% | -140% | -158% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| ROE % | 11% | 15% | 21% | 15% | 13% | 12% |
Insights
In beta| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets Under Management (Net AUM) ₹ Crore |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
21h - Transcripts of media call and Earnings Conference Call with Analysts and Investors for the quarter and year ended March 31, 2026.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
27 Apr - Tata Capital Limited has informed regarding Schedule of Analyst / Institutional Investor Meeting.
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Audio Recording Of Media Call And Earnings Conference Call With Analysts And Investors For The Quarter And Year Ended March 31, 2026
23 Apr - Audio recording of April 23, 2026 earnings and media call posted for FY26 results.
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
23 Apr - CARE report for quarter ended Mar 31, 2026 shows 99% IPO proceeds utilized; no deviations.
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Reg. 32 - Statement Of Deviation / Variation
23 Apr - Board approved FY26 audited results on April 23, 2026; recommended Re. 0.57 final dividend per share.
Concalls
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Apr 2026Transcript PPT REC
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Jan 2026Transcript PPT REC
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Dec 2025TranscriptAI SummaryPPT
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Nov 2025Transcript PPT REC
Business Profile[1]
Tata Capital is the 3rd largest and one of the fastest-growing diversified NBFCs in India, with a loan book of 2.33 lakh crore as of June 2025. It serves 7.3 Mn customers, offering over 25 lending products catered to individuals, SMEs, and corporates. The company benefits from strong group synergy as the flagship financial services arm of the Tata group, with a heritage of over 150 years.