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Tata Capital Ltd

TATACAP NSE

Key Fundamentals

LargecapFinanceFinancial Services
Market Cap
1.5L Cr
Volatility
Moderate
P/E Ratio
28.3
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

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Weaknesses

4
  • Stock is trading at 3.37 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 2d ago
AI opinion · based on fundamentals
Risk medium

Tata Capital Ltd is a Tata Sons-backed NBFC with a market cap of approximately ₹1,54,641 crore, trading at a P/E of 28.4x and P/B of 3.48x. The company reported consolidated AUM of ₹2.77 lakh crore in FY26 (up 20% YoY) and PAT of ₹4,891 crore (up 34% YoY), while its 3-year average ROE stands at around 13%.

Bull Case 8
  • Strong AUM growth of 20% YoY to ₹2.77 lakh crore in FY26, with management guiding for 23-25% CAGR over FY26-28
  • FY26 consolidated PAT grew 34% YoY to ₹4,891 crore, demonstrating improving profitability at scale
  • Q1 FY27 net profit surged 56% YoY to ₹1,547 crore with revenue growing 15% YoY to ₹8,822 crore
  • 3-year compounded sales growth of 32% and 5-year compounded profit growth of 34% indicate sustained business momentum
  • Asset quality improving with Gross Stage 3 at 2% in Q4 FY26 (down ~20 bps QoQ) and credit costs declining from 1.3% in FY25 to 1.2% in FY26
  • NII grew 28% YoY to ₹3,127 crore in Q4 FY26 with management targeting NIM expansion in FY27
  • Backed by Tata Sons parentage, providing strong brand trust, access to diversified customer segments, and a robust liability franchise
  • Diversified loan book across retail, housing, SME, commercial and cleantech segments reduces concentration risk
Bear Case 8
  • Stock trades at 3.48x book value, expensive for an NBFC with ROE of only 12-13%, leaving limited margin of safety
  • 3-year average ROE of 13% is below the 15%+ threshold typically expected to justify premium NBFC valuations
  • Low interest coverage ratio flagged as a concern, suggesting earnings may not comfortably service debt obligations
  • Potential capitalisation of interest costs raises questions about the true profitability of the lending book
  • TTM sales growth has decelerated to 11% from the 3-year CAGR of 32%, indicating a slowdown in topline momentum
  • Standalone Gross NPA at 2.45% (Q1 FY27) and stress in unsecured lending and motor finance portfolios remain headwinds
  • P/E of 28.4x is at a premium to many large NBFCs and banks, pricing in significant future growth with limited room for disappointment
  • Dividend yield of just 0.16% offers negligible income return to shareholders at current valuations

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

AI News Digest

Anthropic anthropic claude-opus-4.6 2h ago
Positives 5
  • Q1 PAT surges 56-76% YoY Jul 29

    Consolidated PAT jumped 56% YoY to ₹1,547 crore while standalone net profit surged 76% YoY to ₹999.44 crore in Q1FY27. AUM expanded 22% YoY to ₹2,90,502 crore.

  • Asset quality improves sequentially Jul 29

    GNPA improved to 2.45% from 2.61% QoQ and NNPA to 1.07% from 1.15% QoQ, signaling better credit discipline.

  • NCD issuance approved 99.99% Jul 31

    Shareholders overwhelmingly approved NCD issuance via private placement with 99.99% support, enabling the NBFC to raise fresh debt capital.

  • Gold loan segment entry Jul 29

    Tata Capital announced entry into the gold loan segment via acquisition of Yogakshemam Loans Limited, capitalising on India's gold loan boom where outstanding loans doubled to ₹5.14 trillion by May-end.

  • Strong FY26 full-year performance Jul 23

    FY26 Annual Report shows consolidated AUM of ₹2,77,275 crore and full-year PAT of ₹4,846.10 crore. 35th AGM scheduled for August 19, 2026.

Neutral 3
  • Analyst meet in Singapore Aug 12

    Tata Capital will host an analyst and institutional investor meeting in Singapore on August 17-18, 2026, with no unpublished price-sensitive information to be shared.

  • Q1FY27 earnings call held Jul 22

    Media briefing and earnings call for Q1FY27 held on July 28, 2026, led by MD & CEO Rajiv Sabharwal and CFO Rakesh Bhatia.

  • BRSR filed for FY26 Jul 23

    Tata Capital filed its Business Responsibility and Sustainability Report for FY 2025-26, disclosing ESG metrics with assurance from SGS India.

TL;DR: Tata Capital delivered an exceptionally strong Q1FY27 with 56-76% profit growth, 22% AUM expansion, and improving asset quality. The gold loan segment entry and NCD approval provide fresh growth and funding avenues. No material headwinds are visible in recent news flow. The trend is clearly improving with momentum in earnings, asset quality, and strategic diversification heading into H2FY27.

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 ₹154895.27 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 28.30. 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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