Tata Investment Corporation logo

Tata Investment Corporation

TATAINVEST NSE

Key Fundamentals

SmallcapInvestment CompanyFinancial Services
Market Cap
₹31,101 Cr
Volatility
Moderate
P/E Ratio
72.19
EBITDA
₹361 Cr
Return on Equity
1.48%
Debt to Equity
0
Book Value
₹577.55
EPS
₹72.98
52W High
₹1,184.7
52W Low
₹538.85

Tapetide Score

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

Key Insights

Strengths

5
  • Company is almost debt free.
  • Stock is trading at 1.06 times its book value
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 23.0% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 40.1%

Weaknesses

3
  • Tax rate seems low
  • Company has a low return on equity of 1.32% over last 3 years.
  • Earnings include an other income of Rs.131 Cr.

Growth Rate

Revenue Growth
31.78% higher than 3Y
Net Income Growth
38.96% higher than 3Y
Cash Flow Change
35.49% higher than 3Y
ROE
48% higher than 3Y
ROCE
37.74% higher than 3Y
EBITDA Margin (Avg.)
2.6% higher than 3Y

AI Analysis — Bull vs Bear

5d ago
AI opinion · based on fundamentals
Risk medium

Tata Investment Corporation is a Tata group investment company with a market cap of about Rs 32,867 Cr. It trades at 1.14x book value but 77.3x earnings, because its return on equity has stayed near 1% (1.32% over 3 years): the company holds a large equity portfolio but reports only small income from it. Trailing twelve-month sales and profit grew 31% and 32%, yet the stock is down 25% over the past year after compounding 38% a year over 5 years.

Bull Case 8
  • The stock trades at 1.14x book value, which implies a book value of about Rs 28,830 Cr. For an investment holding company, this means the market price sits close to the reported value of its underlying portfolio.
  • Net profit has grown at a 23% CAGR over 5 years and 20% over 3 years, with trailing twelve-month profit growth of 32%.
  • Revenue momentum is strong in the near term: trailing twelve-month sales growth of 31% is well above the 13% 3-year and 20% 5-year CAGRs.
  • The company is almost debt free, so there is little leverage risk on the balance sheet and no dependence on borrowed funds to hold its investments.
  • The company has kept a dividend payout ratio of 40.1%, returning a meaningful share of earnings to shareholders.
  • Long-term shareholder returns have been high: stock CAGR of 38% over 5 years, 26% over 3 years and 27% over 10 years.
  • After a 25% fall over the past year, the stock's valuation has come down from earlier levels, while profit is still growing 32% on a trailing twelve-month basis.
  • The portfolio is linked to Tata group companies, which gives indirect exposure to a diversified conglomerate through one listed entity with a market cap of about Rs 32,867 Cr.
Bear Case 8
  • Return on equity has been about 1% over 1, 3, 5 and 10 years (1.32% over 3 years). The large equity base earns very little in reported profit.
  • At a P/E of 77.3, the earnings yield is only about 1.3%, which is low for any business growing profit at a 20-23% CAGR from such a small base.
  • The dividend yield is only 0.52%, so shareholders receive little cash income despite the 40.1% payout ratio.
  • Earnings include Rs 131 Cr of other income. Against an implied annual profit of roughly Rs 425 Cr (market cap / P/E), that is a large share of profit, which raises questions about how recurring the earnings are.
  • The tax rate looks low. If it normalises, reported profit could fall and push the P/E above 77.3.
  • Over 10 years, sales grew at only a 5% CAGR and profit at 8%, while the stock compounded at 27%. Much of the long-term return came from a higher valuation rather than growth in the business's own earnings.
  • The stock fell 25% over the past year, which shows high sensitivity to market sentiment and to the prices of the concentrated equity holdings behind its book value.
  • Because book value is tied to the market value of its holdings, the 1.14x P/B offers limited protection: a broad equity or Tata group sell-off would cut book value and the share price together.

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

AI News Digest

22h ago
Headwinds 4
  • Analyst says exit on rallies Sep 10

    Aditya Thukral of AT Research sees no buying opportunity and advises investors to exit on every rally. He expects the stock to stay range-bound for about another 6 months.

  • Negative EMA crossovers signal selling Sep 10

    The stock shows negative crossovers across all major exponential moving averages, which points to a sideways-to-weak trend. Thukral warns that selling pressure could build because rallies keep getting sold off.

  • Intraday gains pared sharply Sep 10

    After hitting an intraday high of ₹679 (+9.8%), the stock fell back to trade about 4% up at ₹643 by 10:45 AM. The pullback suggests supply at higher levels.

  • Gulf war hurts market sentiment Sep 10

    Brent crude stayed above $100/barrel as US-Iran attacks on Gulf shipping escalated. Rystad Energy said flows through the Strait of Hormuz fell to as low as 2 million bpd, down from 8-9 million bpd before fighting resumed on Aug 30.

Positives 2
  • 32x volume spike, 10% surge Sep 10

    NSE volume jumped 32 times to 40.70 lakh shares against a 1.28 lakh average, and BSE volume reached 3.04 lakh shares against a 64,000 average. The stock rose up to 9.8% from its ₹618.30 previous close.

  • Outperformed a flat, weak market Sep 10

    The stock rallied while the Sensex was down 10 points at 74,754 and the Nifty50 was unchanged at 23,432. It looked set to end a four-day losing run.

Neutral 2
  • Trading window closed for Q2FY27 Sep 24

    The trading window is closed from September 24, 2026, until 48 hours after the results for the quarter and half year ending September 30, 2026, are declared. This is a routine compliance step ahead of earnings.

  • Tata Sons holds 68.51% stake Sep 10

    At the end of the June quarter, Tata Sons held 34,66,46,630 shares (68.51%) and FPIs held 1,34,92,924 shares (2.67%). The low FPI holding means institutional ownership is limited.

TL;DR: Tata Investment showed strong relative strength on Sep 10, rising up to 9.8% on 32x normal NSE volume while broader markets were flat and weighed down by the US-Iran conflict and Brent above $100. The rally lost more than half its gains intraday, and technical analysts read the negative EMA crossovers as a sign to sell into strength. Without a fundamental trigger, the trend looks sideways to weak despite the volume spike. The next key catalyst is the Q2FY27 results, due after the quarter ends on September 30, 2026.

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
152
124
51
57
142
142
4
16
145
154
58
40
152
Expenses
9
10
6
8
12
9
9
9
11
10
10
10
12
Operating Profit
143
114
44
49
131
133
-5
7
134
144
48
30
140
OPM %
94%
92%
87%
86%
92%
94%
-147%
45%
92%
93%
82%
74%
92%
Other Income
14
13
17
23
25
23
26
29
35
25
34
30
42
Interest
5
5
1
0
0
0
0
0
0
0
0
0
0
Depreciation
0
0
0
0
0
0
0
1
1
1
1
1
1
PBT
152
122
60
72
156
156
21
36
168
167
81
58
181
Tax %
3%
-1%
11%
16%
16%
21%
5%
-5%
13%
12%
7%
-10%
21%
Net Profit
148
124
53
60
131
124
20
38
146
148
75
64
144
EPS in Rs
2.9
2.46
1.05
1.2
2.59
2.44
0.39
0.75
2.89
2.93
1.49
1.26
2.84
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
229
247
270
158
177
144
163
254
277
385
306
403
404
Expenses
17
19
32
19
30
42
20
25
32
33
39
42
43
Operating Profit
213
229
237
139
147
102
144
229
246
352
267
361
361
OPM %
93%
92%
88%
88%
83%
71%
88%
90%
88%
91%
87%
90%
89%
Other Income
0
0
0
8
0
0
25
18
36
65
103
118
131
Interest
0
0
0
0
0
0
0
0
8
11
0
1
1
Depreciation
0
0
0
0
0
1
1
1
1
1
2
4
4
PBT
213
229
237
147
147
101
167
246
272
406
368
474
487
Tax %
14%
14%
16%
11%
9%
11%
8%
13%
8%
5%
15%
9%
—
Net Profit
186
194
200
131
134
90
155
214
252
385
312
434
431
EPS in Rs
3.37
3.53
3.64
2.38
2.64
1.79
3.04
4.23
4.98
7.61
6.17
8.57
8.52
Div. Payout %
50%
48%
49%
84%
76%
101%
79%
130%
96%
37%
44%
40%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
55
55
55
55
51
51
51
51
51
51
51
51
Reserves
2,178
2,257
2,463
8,247
7,874
8,007
14,188
19,625
19,521
29,915
31,040
29,171
Borrowings
0
0
0
0
0
0
0
0
240
0
0
1
Other Liabilities
125
14
19
1,564
1,554
122
647
1,314
1,277
2,905
3,751
3,430
Total Liabilities
2,358
2,326
2,537
9,866
9,478
8,179
14,886
20,990
21,089
32,870
34,842
32,652
Fixed Assets
14
14
14
14
14
15
14
16
15
14
174
171
CWIP
0
0
0
0
0
0
0
0
0
0
0
0
Investments
2,302
2,259
2,480
9,816
9,432
8,128
14,836
20,893
21,009
32,485
34,626
32,453
Other Assets
43
53
44
37
33
37
36
82
65
371
41
28
Total Assets
2,358
2,326
2,537
9,866
9,478
8,179
14,886
20,990
21,089
32,870
34,842
32,652
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
92
90
68
67
92
117
86
122
230
235
206
279
Investing
18
146
-78
41
496
12
3
4
-189
366
-166
-148
Financing
-110
-225
-1
-119
-584
-123
-95
-122
-47
-495
-143
-138
Net Cash Flow
1
11
-11
-12
4
7
-6
4
-6
106
-102
-6
Free Cash Flow
92
89
67
67
92
117
86
122
229
235
205
279
CFO/OP
58
53
45
82
94
133
68
78
118
82
116
91
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
1
0
0
33
8
3
0
78
14
5
0
1
Cash Conversion Cycle
1
0
0
33
8
3
0
78
14
5
0
1
Working Capital Days
-150
43
11
33
-6
-14
-8
55
3
-8
-23
-45
ROCE %
10%
10%
10%
3%
2%
1%
2%
1%
1%
2%
1%
2%

Insights

Beta

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

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Shareholding Pattern

DIIs0.57%Govt.0.41%Promot.73.38%FIIs2.67%Others3.63%Public19.35%As ofJun 2026

Documents

Frequently Asked Questions about Tata Investment Corporation

What does Tata Investment Corporation Ltd do?
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]
Where is Tata Investment Corporation Ltd (TATAINVEST) listed?
Tata Investment Corporation Ltd trades as TATAINVEST on the NSE and under code 501301 on the BSE.
Which sector does Tata Investment Corporation Ltd belong to?
Tata Investment Corporation Ltd is classified under the Financial Services sector, in the Investment Company industry.
What is the market capitalisation of Tata Investment Corporation Ltd?
Tata Investment Corporation Ltd has a market capitalisation of ₹31,101 Cr, which places it in the Large Cap band.
What is the PE ratio of Tata Investment Corporation Ltd?
Tata Investment Corporation Ltd trades at a PE ratio of 72.19, on earnings per share of ₹72.98, against a book value of ₹577.55 per share.
What is the 52-week high and low of Tata Investment Corporation Ltd?
Over the last 52 weeks Tata Investment Corporation Ltd has traded between ₹538.85 and ₹1,184.7.
Does Tata Investment Corporation Ltd pay dividends?
Tata Investment Corporation Ltd has a dividend yield of 0.55%.
What is the Return on Equity (ROE) of Tata Investment Corporation Ltd?
Tata Investment Corporation Ltd reported a return on equity of 1.48%. Its debt-to-equity ratio is 0.00.

Company Information

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]

Website tatainvestment.com
CEO Mr. Amit Nalinkant Dalal
Employees 24
Listed 1998-06-24
Face Value ₹ 1
Issued Size 50,59,52,960

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