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Tata Capital Ltd

TATACAP NSE

Key Fundamentals

LargecapFinanceFinancial Services
Market Cap
1.5L Cr
Volatility
Moderate
P/E Ratio
28.36
EBITDA
₹23,124 Cr
Return on Equity
10.38%
Debt to Equity
5.64
Book Value
₹105.27
52W High
₹390.2
52W Low
₹296

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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23 extracted metrics + investor summaries across FY18–FY27.

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Tapetide Score

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Technical Indicators

Key Insights

Weaknesses

4
  • Stock is trading at 3.38 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

Growth Rate

Revenue Growth
11.32%
Net Income Growth
33.81%
Cash Flow Change
-26.18%
ROE
-2.81%
ROCE
-5.83%
EBITDA Margin (Avg.)
2.12%

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 3d ago
AI opinion · based on fundamentals
Risk medium

Tata Capital Ltd is a Tata Sons subsidiary NBFC with a market cap of ~Rs 1.56 lakh crore, trading at a P/E of 28.3x and P/B of 3.47x. The company has delivered strong 32% compounded sales growth over 3 years and 34% compounded profit growth over 5 years, with consolidated AUM reaching Rs 2.77 lakh crore in FY26, though its 3-year ROE of ~13% remains modest for its valuation.

Bull Case 8
  • Consolidated AUM grew 20% YoY to Rs 2.77 lakh crore in FY26 and 22% YoY to Rs 2.91 lakh crore in Q1 FY27, indicating sustained lending momentum
  • Compounded sales growth of 32% over 3 years and 26% over 5 years reflects a strong top-line expansion trajectory
  • Q4 FY26 net profit surged 43% YoY and Q1 FY27 net profit jumped 56% YoY to Rs 1,547 crore, showing accelerating earnings growth
  • FY26 consolidated PAT reached Rs 4,891 crore, up 34% YoY, with total income of Rs 31,583 crore vs Rs 28,370 crore in FY25
  • Net NPA improved to 0.5% in FY26 and collection efficiency exceeded 99% across segments, signaling improving asset quality
  • Compounded profit growth of 34% over 5 years and 30% TTM demonstrates consistent earnings compounding
  • NII grew 28% YoY to Rs 3,127 crore in Q4 FY26, reflecting improving spreads and balance sheet productivity
  • Tata Group parentage provides strong brand trust, access to diversified customer base, and potential synergies across group entities
Bear Case 8
  • Stock trades at 3.47x book value despite a modest 3-year ROE of only 13%, suggesting premium valuation relative to return generation
  • Low interest coverage ratio as flagged in company filings raises concern about earnings buffer to service debt obligations
  • Possible capitalization of interest costs could overstate reported profitability and asset values
  • 3-year ROE of 13% and last year ROE of 12% trail many NBFC peers that deliver 15-20%+ returns on equity
  • Gross Stage 3 assets (GNPA) at 1.9% and standalone GNPA at 2.45% are not negligible for a large diversified NBFC
  • P/E of 28.3x is at the higher end for NBFCs, leaving limited margin of safety if growth slows
  • Credit costs of 1.2% in FY26 and tightened underwriting in CV, commercial equipment and SME segments suggest emerging stress in select portfolios
  • Dividend yield of only 0.16% (Rs 0.57 per share declared) offers minimal income return to shareholders at current price

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 1d ago
Positives 4
  • Q1 PAT surges 56-76% YoY Jul 28

    Consolidated PAT jumped 56% YoY to ₹1,547 cr in Q1FY27; standalone net profit rose 76% YoY to ₹999.44 cr. Revenue grew to ₹7,941 cr from ₹6,930 cr YoY.

  • AUM expands 22% YoY Jul 29

    Assets under management grew 22% to ₹2,90,502 crore. Asset quality improved with GNPA at 2.45% vs 2.61% QoQ and NNPA at 1.07% vs 1.15% QoQ.

  • NCD issuance approved 99.99% Jul 31

    Shareholders approved NCD issuance via private placement with 99.99% support, enabling debt capital raising. All 10 AGM resolutions passed including ESOPs.

  • Gold loan segment entry Jul 29

    Tata Capital announced entry into the gold loan segment via acquisition of Yogakshemam Loans Limited, tapping into India's ₹5.14 trillion gold-backed loan market.

Neutral 2
  • Analyst meet in Singapore Aug 12

    Tata Capital scheduled an analyst and institutional investor meeting in Singapore on Aug 17-18, 2026. No unpublished price-sensitive information to be shared.

  • Gold loan industry boom Jul 30

    Outstanding gold-backed loans in India more than doubled to ₹5.14 trillion by May-end. Tata Capital is among key NBFCs capitalising on this growth.

TL;DR: Tata Capital delivered a strong Q1FY27 with 56-76% profit growth, improving asset quality, and 22% AUM expansion. The company is diversifying into gold loans via acquisition and has strong shareholder backing for capital raising. No visible headwinds in recent news flow. The trend is firmly positive with growth momentum and strategic expansion intact.

Quarterly Results

  Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue
7,185
7,104
7,478
7,665
7,737
7,976
8,160
8,822
Expenses
1,915
1,762
2,072
2,126
2,135
2,172
2,026
2,143
Financing Profit
1,576
1,506
1,447
1,473
1,626
1,876
2,118
2,309
Fin. Margin %
22%
21%
19%
19%
21%
24%
26%
26%
Other Income
9
8
31
27
16
-40
3
4
Interest
3,693
3,836
3,960
4,066
3,976
3,928
4,017
4,370
Depreciation
92
99
109
118
135
142
143
154
PBT
1,494
1,415
1,368
1,382
1,507
1,695
1,978
2,159
Tax %
24%
26%
27%
25%
26%
25%
26%
25%
Net Profit
1,133
1,050
1,000
1,041
1,119
1,265
1,466
1,628
EPS in Rs
2.87
2.87
2.77
2.48
2.72
2.96
3.54
3.65
Gross NPA %
0.8%
Net NPA %
0.4%
Figures in ₹ Crores

Profit & Loss

  Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue
9,835
10,162
13,631
18,178
28,322
31,566
32,695
Expenses
2,826
2,908
3,018
3,951
8,032
8,458
8,476
Financing Profit
1,797
2,364
4,013
4,659
5,261
7,123
7,930
Fin. Margin %
18%
23%
29%
26%
19%
23%
24%
Other Income
152
260
150
21
47
-23
-17
Interest
5,213
4,889
6,601
9,568
15,030
15,985
16,290
Depreciation
334
276
226
288
390
538
574
PBT
1,615
2,348
3,937
4,392
4,919
6,562
7,339
Tax %
23%
23%
25%
24%
26%
25%
Net Profit
1,245
1,801
2,946
3,327
3,655
4,891
5,478
EPS in Rs
3.2
4.69
8.51
8.41
9.64
11.42
12.87
Div. Payout %
0%
3%
2%
2%
4%
5%
Figures in ₹ Crores

Balance Sheet

  Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
3,464
3,463
3,507
3,703
3,762
4,217
Reserves
6,509
8,250
13,833
19,714
29,284
41,645
Borrowing
69,166
86,343
1,13,541
1,48,512
2,08,851
2,36,376
Other Liabilities
3,792
4,319
4,745
4,765
6,422
8,266
Total Liabilities
82,930
1,02,376
1,35,626
1,76,694
2,48,320
2,90,504
Fixed Assets
901
719
733
1,190
2,003
2,604
CWIP
8
11
20
8
16
33
Investments
4,653
7,846
13,254
8,733
9,866
9,508
Other Assets
77,368
93,798
1,21,619
1,66,763
2,36,434
2,78,358
Total Assets
82,930
1,02,376
1,35,626
1,76,694
2,48,320
2,90,504
Figures in ₹ Crores

Cash Flow

  Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
3,137
-14,387
-23,190
-37,999
-30,088
-37,965
Investing
-2,626
-2,614
-2,263
5,758
3,382
282
Financing
-2,787
17,056
26,430
35,952
29,412
31,848
Net Cash Flow
-2,275
55
977
3,712
2,706
-5,834
Free Cash Flow
3,131
-14,363
-23,337
-38,632
-31,109
-38,929
CFO/OP
48
-190
-208
-258
-141
-158
Figures in ₹ Crores

Ratios

  Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %
11%
15%
21%
15%
13%
12%

Shareholding Pattern

As of Jun 2026
Promoters 85.41%
FIIs 5.18%
Public 4.56%
DIIs 3.56%
Others 1.29%
Total 100.00%
  Aug 2025Sep 2025Oct 2025Dec 2025Mar 2026Jun 2026
Promoters
95.56%
95.56%
85.41%
85.41%
85.41%
85.41%
FIIs
0.00%
0.00%
3.31%
4.63%
4.88%
5.18%
DIIs
0.00%
0.00%
3.13%
3.33%
3.61%
3.56%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
0.00%
0.00%
7.24%
5.03%
4.66%
4.56%
Others
4.44%
4.44%
0.91%
1.60%
1.43%
1.29%
No. of Shareholders
0
35,781
37,059
14,04,330
12,69,830
12,11,910

Documents

Frequently Asked Questions about Tata Capital Ltd

What does Tata Capital Ltd do?
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 ...
Where is Tata Capital Ltd (TATACAP) listed?
Tata Capital Ltd is listed on the Indian stock exchanges. It is listed on NSE: TATACAP and BSE: 544574. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Tata Capital Ltd belong to?
Tata Capital Ltd operates in the Financial Services sector within the Finance industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Tata Capital Ltd?
Tata Capital Ltd has a market capitalisation of approximately ₹154937.72 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Tata Capital Ltd?
The Price-to-Earnings (PE) ratio of Tata Capital Ltd is 28.36. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Tata Capital Ltd?
Over the past 52 weeks, Tata Capital Ltd has traded between a low of ₹296 and a high of ₹390.2. This range helps investors understand the stock's price volatility and recent trading levels.
Does Tata Capital Ltd pay dividends?
Yes, Tata Capital Ltd has a dividend yield of 0.16%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Tata Capital Ltd?
Tata Capital Ltd has a Return on Equity (ROE) of 10.38%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Tata Capital Ltd on Tapetide?
On Tapetide, you can view Tata Capital Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

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]

Listed 2025-10-13
Face Value ₹ 10
Issued Size 4,24,48,69,037

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