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Last Updated on: 25 July, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

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

Basic Stock Data of Tata Investment Corporation Ltd

Last Updated: July 24, 2024, 11:20 pm

Market Cap 32,610 Cr.
Current Price 6,443
High / Low9,757/2,354
Stock P/E84.7
Book Value 5,923
Dividend Yield0.43 %
ROCE1.67 %
ROE1.55 %
Face Value 10.0
PEG Ratio2.90

Data Source: screener.in

Tata Investment Corporation Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales273162895152102107383115212451
Expenses52467623117689106
Operating Profit2275682452991100322214311444
OPM %82%23%91%92%89%56%89%94%84%73%94%92%87%
Other Income9012860711117141317
Interest0000000035551
Depreciation0000000000000
Profit before tax31757109512997111392415212260
Tax %9%59%6%8%22%30%8%4%11%18%3%-1%11%
Net Profit28354101402090107352014812453
EPS in Rs5.440.5310.6419.867.873.9817.7821.176.824.0129.0224.6010.52

Last Updated: July 10, 2024, 5:02 pm

Tata Investment Corporation Ltd Quarterly Chart

Tata Investment Corporation Ltd Profit & Loss

Last Updated: July 10, 2024, 5:02 pm

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:6%
5 Years:17%
3 Years:33%
TTM:39%
Compounded Profit Growth
10 Years:8%
5 Years:24%
3 Years:36%
TTM:53%
Stock Price CAGR
10 Years:28%
5 Years:50%
3 Years:76%
1 Year:158%
Return on Equity
10 Years:2%
5 Years:1%
3 Years:1%
Last Year:2%

Last Updated: July 25, 2024, 5:02 am

Tata Investment Corporation Ltd Balance Sheet

Last Updated: July 10, 2024, 5:02 pm

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 2023Mar 2024
Cash from Operating Activity 10484929068679211786122230235
Cash from Investing Activity -70-4518146-78414961234-189366
Cash from Financing Activity -135-103-110-225-1-119-584-123-95-122-47-495
Net Cash Flow-101-64111-11-1247-64-6106

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

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters73.38%73.38%73.38%73.38%73.38%73.38%73.38%73.38%73.38%73.38%73.38%73.38%
FIIs1.61%1.33%1.33%1.33%0.87%1.00%1.02%1.16%1.12%1.20%2.25%2.35%
DIIs0.45%0.43%0.43%0.46%0.42%0.43%0.43%0.43%0.44%0.45%0.46%0.48%
Government0.49%0.49%0.49%0.49%0.49%0.49%0.49%0.49%0.49%0.49%0.49%0.49%
Public24.06%24.36%24.36%24.33%24.83%24.69%24.66%24.52%24.56%24.48%23.41%23.30%
No. of Shareholders46,33857,21358,00861,08184,08287,61192,62092,42495,5621,14,2701,48,2911,56,353

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)Previous Number of SharesPrevious DatePercentage Change
Nippon India Nifty Smallcap 250 Index Fund7,9510.342.477,9512024-07-240%
Motilal Oswal Nifty Smallcap 250 Index Fund4,9910.341.557,9512024-07-24-37.23%
SBI Nifty Smallcap 250 Index Fund3,6630.341.147,9512024-07-24-53.93%
Motilal Oswal Nifty 500 Index Fund5450.030.177,9512024-07-24-93.15%
Edelweiss Nifty Smallcap 250 Index Fund1690.340.057,9512024-07-24-97.87%
Groww Nifty Total Market Index Fund300.030.017,9512024-07-24-99.62%
Motilal Oswal Nifty 500 ETF240.030.017,9512024-07-24-99.7%

Tata Investment Corporation Ltd ROCE Trend

Tata Investment Corporation Ltd EPS Trend

Tata Investment Corporation Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)76.0949.7842.3430.4417.89
Diluted EPS (Rs.)76.0949.7842.3430.4417.89
Cash EPS (Rs.)63.4942.9039.0425.8419.04
Book Value[Excl.RevalReserv]/Share (Rs.)5922.513868.673889.252814.661592.70
Book Value[Incl.RevalReserv]/Share (Rs.)5922.513868.673889.252814.661592.70
Revenue From Operations / Share (Rs.)75.7254.7850.1732.2428.44
PBDIT / Share (Rs.)69.7748.5945.2728.3921.20
PBIT / Share (Rs.)69.5948.4045.0928.2221.06
PBT / Share (Rs.)67.4646.7745.0828.2021.00
Net Profit / Share (Rs.)63.3142.7138.8625.6818.90
NP After MI And SOA / Share (Rs.)76.0949.7842.3430.4317.89
PBDIT Margin (%)92.1488.6990.2388.0374.56
PBIT Margin (%)91.8988.3489.8787.5174.04
PBT Margin (%)89.0885.3789.8487.4673.86
Net Profit Margin (%)83.6077.9677.4579.6266.44
NP After MI And SOA Margin (%)100.4890.8784.3994.3862.91
Return on Networth / Equity (%)1.281.281.081.081.12
Return on Capital Employeed (%)1.071.161.080.951.30
Return On Assets (%)1.171.191.021.031.10
Long Term Debt / Equity (X)0.000.010.000.000.00
Total Debt / Equity (X)0.000.010.000.000.00
Asset Turnover Ratio (%)0.010.010.010.010.01
Current Ratio (X)1732.971606.92978.321472.00832.06
Quick Ratio (X)1732.971606.92978.321472.00832.06
Dividend Payout Ratio (NP) (%)63.08110.4856.6759.14111.77
Dividend Payout Ratio (CP) (%)62.93110.0656.4358.82110.85
Earning Retention Ratio (%)36.92-10.4843.3340.86-11.77
Cash Earning Retention Ratio (%)37.07-10.0643.5741.18-10.85
Interest Coverage Ratio (X)32.7529.782506.171633.86408.08
Interest Coverage Ratio (Post Tax) (X)30.7127.182152.091478.91364.66
Enterprise Value (Cr.)31242.539041.516847.375220.363330.50
EV / Net Operating Revenue (X)81.5532.6226.9732.0023.15
EV / EBITDA (X)88.5036.7829.8936.3531.04
MarketCap / Net Operating Revenue (X)82.4431.8927.0232.1223.32
Retention Ratios (%)36.91-10.4843.3240.85-11.77
Price / BV (X)1.050.450.340.360.41
Price / Net Operating Revenue (X)82.4431.8927.0232.1223.32
EarningsYield0.010.020.030.020.02

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

Fair Value: 7,809.45

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 21.21% compared to the current price 6443

Intrinsic Value: 10,091.20

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 56.62% compared to the current price 6443

Last 5 Year EPS CAGR: 29.22%

*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 (9,864.25 cr) compared to borrowings (20.00 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 has a low average ROCE of 4.55%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 12.73, which may not be favorable.

FAQ

What is the latest fair value of Tata Investment Corporation Ltd?

The latest fair value of Tata Investment Corporation Ltd is ₹7809.45.

What is the Market Cap of Tata Investment Corporation Ltd?

The Market Cap of Tata Investment Corporation Ltd is 32,610 Cr..

What is the current Stock Price of Tata Investment Corporation Ltd as on 25 July 2024?

The current stock price of Tata Investment Corporation Ltd as on 25 July 2024 is 6,443.

What is the High / Low of Tata Investment Corporation Ltd stocks in FY 2024?

In FY 2024, the High / Low of Tata Investment Corporation Ltd stocks is 9,757/2,354.

What is the Stock P/E of Tata Investment Corporation Ltd?

The Stock P/E of Tata Investment Corporation Ltd is 84.7.

What is the Book Value of Tata Investment Corporation Ltd?

The Book Value of Tata Investment Corporation Ltd is 5,923.

What is the Dividend Yield of Tata Investment Corporation Ltd?

The Dividend Yield of Tata Investment Corporation Ltd is 0.43 %.

What is the ROCE of Tata Investment Corporation Ltd?

The ROCE of Tata Investment Corporation Ltd is 1.67 %.

What is the ROE of Tata Investment Corporation Ltd?

The ROE of Tata Investment Corporation Ltd is 1.55 %.

What is the Face Value of Tata Investment Corporation Ltd?

The Face Value of Tata Investment Corporation Ltd is 10.0.

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