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Last Updated on: 04 March, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Tata Investment Corporation Ltd

About the Company - Tata Investment Corporation Ltd

Tata Investment Corporation Ltd. is a Public Limited Listed company incorporated on 05/03/1937 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L67200MH1937PLC002622 and registration number is 002622. Currently Company is involved in the business activities of Trusts, funds and other financial vehicles. Company’s Total Operating Revenue is Rs. 253.38 Cr. and Equity Capital is Rs. 50.60 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Finance & InvestmentsElphinstone Building, Mumbai Maharashtra 400001ticl@tata.com
http://www.tatainvestment.com
Management
NamePosition Held
Mr. N N TataChairman
Mr. F N SubedarVice Chairman
Mr. A N DalalExecutive Director
Mrs. F KhambataDirector
Mr. Suprakash MukhopadhyayDirector
Mr. A SenDirector
Mr. R DubeDirector
Mr. V ChandrasekaranDirector

Tata Investment Corporation Ltd. Share Price Update

Share PriceValue
Today₹5,430.00
Previous Day₹5,520.90

Basic Stock Data of Tata Investment Corporation Ltd

Market Cap 40,613 Cr.
Current Price 8,027
High / Low8,027/1,730
Stock P/E118
Book Value 4,691
Dividend Yield0.60 %
ROCE1.42 %
ROE1.28 %
Face Value 10.0

Data Source: screener.in

Tata Investment Corporation Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales752731628951521021073831152124
Expenses45246762311768910
Operating Profit7122756824529911003222143114
OPM %94%82%23%91%92%89%56%89%94%84%73%94%92%
Other Income3890128607111171413
Interest1000000003555
Depreciation0000000000000
Profit before tax108317571095129971113924152122
Tax %2%9%59%6%8%22%30%8%4%11%18%3%-1%
Net Profit106283541014020901073520148124
EPS in Rs20.875.440.5310.6419.867.873.9817.7821.176.824.0129.0224.60

Tata Investment Corporation Ltd Quarterly Chart

Tata Investment Corporation Ltd Profit & Loss

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales201218229247270158177144163254277344
Expenses151617193219304220253233
Operating Profit186202213229237139147102144229246311
OPM %93%93%93%92%88%88%83%71%88%90%88%90%
Other Income0200080025183646
Interest0000000000818
Depreciation000000011111
Profit before tax186204213229237147147101167246272338
Tax %13%14%14%14%16%11%9%11%8%13%8%
Net Profit17418618619420013113490155214252326
EPS in Rs31.5533.8133.7335.2836.3723.7926.4417.8930.4342.3449.7864.45
Dividend Payout %51%50%50%48%49%84%76%101%79%130%96%

Tata Investment Corporation Ltd Profit & Loss Yearly Chart

Tata Investment Corporation Ltd Growth

Compounded Sales Growth
10 Years:3%
5 Years:12%
3 Years:24%
TTM:20%
Compounded Profit Growth
10 Years:4%
5 Years:14%
3 Years:41%
TTM:37%
Stock Price CAGR
10 Years:33%
5 Years:54%
3 Years:86%
1 Year:258%
Return on Equity
10 Years:2%
5 Years:1%
3 Years:1%
Last Year:1%

Tata Investment Corporation Ltd Balance Sheet

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital555555555555515151515151
Reserves2,0002,0962,1782,2572,4638,2477,8748,00714,18819,62519,52123,683
Borrowings0000000000240129
Other Liabilities11712312514191,5641,5541226471,3141,2771,855
Total Liabilities2,1722,2742,3582,3262,5379,8669,4788,17914,88620,99021,08925,718
Fixed Assets131414141414141514161515
CWIP000000000000
Investments2,0062,2122,3022,2592,4809,8169,4328,12814,83620,89321,00925,593
Other Assets15348435344373337368265110
Total Assets2,1722,2742,3582,3262,5379,8669,4788,17914,88620,99021,08925,718

Tata Investment Corporation Ltd Reserves and Borrowings Chart

Tata Investment Corporation Ltd Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 10484929068679211786122230
Cash from Investing Activity -70-4518146-78414961234-189
Cash from Financing Activity -135-103-110-225-1-119-584-123-95-122-47
Net Cash Flow-101-64111-11-1247-64-6

Tata Investment Corporation Ltd Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days03100338307814
Inventory Days
Days Payable
Cash Conversion Cycle03100338307814
Working Capital Days-10-146-150431133-6-14-8553
ROCE %10%10%10%10%3%2%1%2%1%1%

Tata Investment Corporation Ltd Financial Efficiency Indicators Chart

Tata Investment Corporation Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters73.38%73.38%73.38%73.38%73.38%73.38%73.38%73.38%73.38%73.38%73.38%73.38%
FIIs1.99%1.73%1.61%1.33%1.33%1.33%0.87%1.00%1.02%1.16%1.12%1.20%
DIIs0.93%0.47%0.45%0.43%0.43%0.46%0.42%0.43%0.43%0.43%0.44%0.45%
Government0.49%0.49%0.49%0.49%0.49%0.49%0.49%0.49%0.49%0.49%0.49%0.49%
Public23.20%23.92%24.06%24.36%24.36%24.33%24.83%24.69%24.66%24.52%24.56%24.48%
No. of Shareholders36,21842,41146,33857,21358,00861,08184,08287,61192,62092,42495,5621,14,270

Tata Investment Corporation Ltd Shareholding Pattern Chart

No. of Tata Investment Corporation Ltd Shareholders

Tata Investment Corporation Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Nippon India Nifty Smallcap 250 Index Fund79510.342.47
Motilal Oswal Nifty Smallcap 250 Index Fund49910.341.55
SBI Nifty Smallcap 250 Index Fund36630.341.14
Motilal Oswal Nifty 500 Index Fund5450.030.17
Edelweiss Nifty Smallcap 250 Index Fund1690.340.05
Groww Nifty Total Market Index Fund300.030.01
Motilal Oswal Nifty 500 ETF240.030.01

Tata Investment Corporation Ltd ROCE Trend

Tata Investment Corporation Ltd EPS Trend

Tata Investment Corporation Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)49.7842.3430.4417.8924.48
Diluted EPS (Rs.)49.7842.3430.4417.8924.48
Cash EPS (Rs.)42.9039.0425.8419.0428.23
Book Value[Excl.RevalReserv]/Share (Rs.)3868.673889.252814.661592.701566.45
Book Value[Incl.RevalReserv]/Share (Rs.)3868.673889.252814.661592.701566.45
Revenue From Operations / Share (Rs.)54.7850.1732.2428.4434.99
PBDIT / Share (Rs.)48.5945.2728.3921.2030.82
PBIT / Share (Rs.)48.4045.0928.2221.0630.80
PBT / Share (Rs.)46.7745.0828.2021.0030.80
Net Profit / Share (Rs.)42.7138.8625.6818.9028.21
NP After MI And SOA / Share (Rs.)49.7842.3430.4317.8926.44
PBDIT Margin (%)88.6990.2388.0374.5688.07
PBIT Margin (%)88.3489.8787.5174.0488.02
PBT Margin (%)85.3789.8487.4673.8688.02
Net Profit Margin (%)77.9677.4579.6266.4480.61
NP After MI And SOA Margin (%)90.8784.3994.3862.9175.56
Return on Networth / Equity (%)1.281.081.081.121.68
Return on Capital Employeed (%)1.161.080.951.301.64
Return On Assets (%)1.191.021.031.101.41
Long Term Debt / Equity (X)0.010.000.000.000.00
Total Debt / Equity (X)0.010.000.000.000.00
Asset Turnover Ratio (%)0.010.010.010.010.01
Current Ratio (X)1606.92978.321472.00832.06981.51
Quick Ratio (X)1606.92978.321472.00832.06981.51
Dividend Payout Ratio (NP) (%)110.4856.6759.14111.7782.36
Dividend Payout Ratio (CP) (%)110.0656.4358.82110.8582.30
Earning Retention Ratio (%)-10.4843.3340.86-11.7717.64
Cash Earning Retention Ratio (%)-10.0643.5741.18-10.8517.70
Interest Coverage Ratio (X)29.782506.171633.86408.080.00
Interest Coverage Ratio (Post Tax) (X)27.182152.091478.91364.660.00
Enterprise Value (Cr.)9041.516847.375220.363330.504218.83
EV / Net Operating Revenue (X)32.6226.9732.0023.1523.83
EV / EBITDA (X)36.7829.8936.3531.0427.06
MarketCap / Net Operating Revenue (X)31.8927.0232.1223.3223.93
Retention Ratios (%)-10.4843.3240.85-11.7717.63
Price / BV (X)0.450.340.360.410.53
Price / Net Operating Revenue (X)31.8927.0232.1223.3223.93
EarningsYield0.020.030.020.020.03

Tata Investment Corporation Ltd Profitability Ratios (%)

Tata Investment Corporation Ltd Liquidity Ratios

Tata Investment Corporation Ltd Liquidity Ratios (%)

Tata Investment Corporation Ltd Interest Coverage Ratios (%)

Tata Investment Corporation Ltd Valuation Ratios

Fair Value of Tata Investment Corporation Ltd Stock

Fair Value: ₹7127.80

The stock is overvalued by 11.20% compared to the current price ₹8027

*Investments are subject to market risks

Strength and Weakness of Tata Investment Corporation Ltd Stock

StrengthWeakness
  1. The stock has a low average Working Capital Days of -17.18, which is a positive sign.
  2. The company has higher reserves (9,344.92 cr) compared to borrowings (30.75 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (223.50 cr) and profit (207.25 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 34.71 and average Dividend Yield of 85.56%.
  2. The stock has a low average ROCE of 4.55%, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 12.73, which may not be favorable.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Tata Investment Corporation Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE