Tata Investment Corporation Limited (TATAINVEST)

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Tata Investment Corporation Limited (TATAINVEST) · mywealthgrid

About

Tata Investment Corporation Limited is an investment holding company within the Tata Group's financial ecosystem, managing a diversified portfolio for capital appreciation and investment income. With ₹33,765 Cr market cap and operating margins of 89.42%, it generates returns from portfolio gains and distributions. Promoter ownership of 73.38% provides stability, though institutional participation remains minimal at under 3%.

Face value: ₹1

Market cap

₹31,122 Cr

P/E

72.2×

P/B

1.1×

Dividend yield

0.6%

ROE

1.4%

ROCE

—

Debt / equity

OPM

89.4%

EPS (TTM)

₹8.5

Book value

₹577.5

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Severe earnings volatility: quarterly net profit swings from ₹36.98 Cr to ₹163.89 Cr, making performance unpredictable and valuation difficult
Valuation concern: PE of 78.36 leaves minimal margin for earnings disappointment relative to expectations
Poor capital efficiency: ROE of 1.44% despite 89.42% operating margin indicates shareholder capital is not generating commensurate returns
Institutional skepticism: FII holding of 2.67% and DII at 0.56% suggest experienced investors remain underweight—verify why institutional confidence is low

Generated analysis · source review pending

Growth drivers

Zero debt (D/E = 0) provides capacity to deploy additional capital or increase leverage if higher-return investment opportunities emerge
Operating margins of 89.42% demonstrate cost control that could support reinvestment if portfolio returns accelerate
Regular dividend announcements (June 2026, June 2025, June 2024) signal underlying cash generation sufficient to support shareholder returns while retaining capital

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹615.1-1.7%1Y

Quick read

rule-based

Pros

+Healthy operating margin of 89.4%
+Profit CAGR of 23% over the last 5 years
+Revenue CAGR of 19.5% over the last 5 years
+Almost debt-free (debt/equity 0)
+Comfortable interest coverage of 627.3×
+Dividend payout of 39.9% of profit
+High promoter holding of 73.4% with no pledge

Cons

−Low return on equity of 1.3% (3-yr avg)
−Expensive at 72.2× trailing earnings

Research score

Structured signal from quality, growth, valuation and momentum.

47/100

Business quality: 75
Growth

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY MIDCAP 150 NIFTY MIDSMALLCAP 400 NIFTY 500 NIFTY TOTAL MARKET

Screen this industry Compare top 5 side-by-side

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	144	163	254	277	383	305	397
Interest	0	0	0	8	11	0	1
Expenses	37	20	25	32	33	39	42
Financing profit	107	143	229	237	339	266	355
Financing margin %	74.3%	87.9%	90.1%	85.5%	88.6%	87.2%	89.3%
Other income	0	0	0	1	3	1	6
Depreciation	1	1	1	1	1	2	4
Profit before tax	101	167	246	272	406	368	474
Tax	11	13	31	21	21	56	40
Tax %	10.6%	7.6%	12.8%	7.5%	5.2%	15.3%	8.5%
PAT	90	155	214	252	385	312	434
EPS (₹)	17.9	30.4	42.3	49.8	76.1	61.7	8.6
EPS adjusted (₹)	—	3	—	5	7.6	6.2	8.6
	100.6%	78.8%	129.9%	96.4%	36.8%	43.8%	39.7%
Annual report	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	—	51	—	51	51	51	51
Reserves	—	14,188	—	19,521	29,915	31,040	29,171
Minority interest	—	2	—	2	—	—	—
	0	0	0	—	0	0	1
	—	645	—	1,515	2,905	3,751	3,430
Total equity & liabilities	—	14,886	—	21,089	32,870	34,842	32,652
	—	14	—	14	14	14	16
CWIP	—	—	—	0	0	0	0
Investments	8,128	14,836	20,893	0	32,485	34,626	32,453
	—	37	—	21,075	371	201	183
Total assets	—	14,886	—	21,089	32,870	34,842	32,652

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	86	122	230	235	206	279
	3	4	-189	366	-166	-148
	-92	-122	-47	-495	-143	-138
Net cash flow	-3	4	-6	106	-102	-6
Free cash flow	86	122	229	235	205	279
CFO / Operating profit %	59.8%	53.5%	93.6%	67.1%	77.5%	78.6%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	—	—	—	—
EBITDA margin %	74.5%	88%	90.2%	88.5%	91.4%	87.3%	89.4%
EBIT margin %	74%	87.5%	89.8%	88.1%	91.2%	86.7%	88.4%
PAT margin %	62.6%	94.8%	84.5%	90.8%	100.5%	102.3%	109.2%
Working capital
Receivable days	—	—	—	—	—	—	—
Inventory days	—	0	—	0	0	0	0
Payable days	—	—	—	—	—	—	—
NWC days	—	—	—	—	—	—	—
Leverage
Current ratio	—	—	—	—	—	—	—
Debt to EBITDA	0	0	0	—	0	0	0
Debt to equity	—	0	—	—	0	0	0
Interest coverage	409.8	1,586.7	2,535	29.7	32.7	1,660.5	627.3
Asset turnover	—	0.01	—	0.01	0.01	0.01	0.01
Return ratios
Return on assets %	—	1%	—	1.2%	1.2%	0.9%	1.3%
Return on capital employed %	—	—	—	—	—	—	—
Return on equity %	—	1.1%	—	1.3%	1.3%	1%	1.5%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	73.38%	73.38%	73.38%	73.38%	73.38%	73.38%	73.38%	73.38%	73.38%	73.38%	73.38%	73.38%
	1.12%	1.2%	2.25%	2.35%	2.26%	2.24%	2.46%	2.54%	2.69%	2.54%	2.62%	2.67%
	0.44%	0.45%	0.46%	0.47%	0.5%	0.52%	0.53%	0.53%	0.53%	0.54%	0.56%	0.57%
	0%	0%	0%	0%	0%	0%	0%	0%	0.49%	0.41%	0.41%	0.41%
	25.06%	24.97%	23.91%	23.8%	23.86%	23.86%	23.63%	23.55%	22.91%	23.13%	23.03%	22.97%
No. of shareholders	—	—	—	—	—	—	—	—	1,64,657	2,43,441	2,45,759	2,41,568

Promoter holding up 0 percentage points since Sep 2023.

20 deals · 14 Sept 2022 – 3 Oct 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
3 Oct 2025	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Buy	5,32,020	₹10,842.00	₹576.82 Cr
3 Oct 2025	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Sell	5,32,020	₹10,847.35	₹577.10 Cr
3 Oct 2025	HRTI PRIVATE LIMITED	Bulk	NSE	Buy	3,66,179	₹10,699.37	₹391.79 Cr
3 Oct 2025	HRTI PRIVATE LIMITED	Bulk	NSE	Sell	3,48,244	₹10,763.76	₹374.84 Cr
30 Sept 2025	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Buy	3,40,243	₹9,870.81	₹335.85 Cr
30 Sept 2025	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Sell	3,40,243	₹9,875.58	₹336.01 Cr
30 Sept 2025	HRTI PRIVATE LIMITED	Bulk	NSE	Buy	3,06,448	₹9,814.63	₹300.77 Cr
30 Sept 2025	HRTI PRIVATE LIMITED	Bulk	NSE	Sell	3,04,655	₹9,869.70	₹300.69 Cr
24 Sept 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	2,74,044	₹8,743.53	₹239.61 Cr
24 Sept 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	2,74,044	₹8,735.61	₹239.39 Cr

1–10 of 20

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Mr. Noel TataNon-Executive - Non Independent Director-Chairperson
Mr. Bahram VakilNon-Executive - Independent Director
Mr. Amit DalalExecutive Director-MD
Mr. Suprakash MukhopadhyayNon-Executive - Non Independent Director
Mr. V. ChandrasekaranNon-Executive - Independent Director
Mr. Rajiv DubeNon-Executive - Independent Director
Mr. Jayesh MerchantNon-Executive - Independent Director
Mrs. Alice VaidyanNon-Executive - Independent Director
Mr. Manoj GuptaChief Financial Officer
Mr. Jamshed PatelCompany Secretary & Chief Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 11 fund houses

Held by these funds

0.11%

of the company's equity

All mutual funds

0.14%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

29 schemes · 11 fund houses

		Shares
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	1.27 L	8.14	0.2%	0.025%	+4,481
ETF Nifty Midcap 150	Nippon India Mutual Fund	1.24 L	7.99	0.2%	0.025%	+7,379
Nifty Midcap 150 Index Fund	Nippon India Mutual Fund	87,293	5.61	0.2%	0.017%	+1,601
Nifty Midcap 150 Index Fund	ICICI Prudential Mutual Fund	40,833	2.62	0.2%	0.008%	+1,332
Nifty Midcap 150 Index Fund	SBI Mutual Fund	39,466	2.53	0.2%	0.008%	+1,590
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	34,247	2.2	0.24%	0.007%	-203
MF NIFTY MIDCAP 100 ETF	LIC Mutual Fund	25,403	1.63	0.24%	0.005%	-0
Nifty Midcap 150 ETF	ICICI Prudential Mutual Fund	24,119	1.55	0.2%	0.005%	-75

1–8 of 29

1 / 4

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Please find enclosed Clarification on News item30 Sept 2026
The Exchange has sought clarification from Tata Investment Corporation Ltd on September 29, 2026, with reference to news appeared in https://www.business-standard.com/ dated September 29, ....29 Sept 2026 · Clarification
Clarification for Spurt in Volume11 Sept 2026 · General
The Exchange has sought clarification from Tata Investment Corporation Ltd on September 11, 2026, with reference to Movement in Volume.<BR><BR>The reply is awaited.11 Sept 2026 · Clarification

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Events

Upcoming dates and the company’s corporate-action history.

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

8 announcementsExport CSV

30 Sept 2026, 10:36 amOthers

Rumour verification - Regulation 30(11)

Exchange filing PDF

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Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	—	—	—	—
EBITDA margin %	74.5%	88%	90.2%	88.5%	91.4%	87.3%	89.4%
EBIT margin %	74%	87.5%	89.8%	88.1%	91.2%	86.7%	88.4%
PAT margin %	62.6%	94.8%	84.5%	90.8%	100.5%	102.3%	109.2%
Working capital
Receivable days	—	—	—	—	—	—	—
Inventory days	—	0	—	0	0	0	0
Payable days	—	—	—	—	—	—	—
NWC days	—	—	—	—	—	—	—
Leverage
Current ratio	—	—	—	—	—	—	—
Debt to EBITDA	0	0	0	—	0	0	0
Debt to equity	—	0	—	—	0	0	0
Interest coverage	409.8	1,586.7	2,535	29.7	32.7	1,660.5	627.3
Asset turnover	—	0.01	—	0.01	0.01	0.01	0.01
Return ratios
Return on assets %	—	1%	—	1.2%	1.2%	0.9%	1.3%
Return on capital employed %	—	—	—	—	—	—	—
Return on equity %	—	1.1%	—	1.3%	1.3%	1%	1.5%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Jio Financial Services LimitedJIOFINJIOFIN	₹1,40,316 Cr	₹1,62,084 Cr	₹4,905 Cr	₹3,264 Cr	65.6%	₹2,066 Cr	44.4%	—	1.2%	—
Aditya Birla Capital LimitedABCAPITALABCAPITAL	₹1,02,546 Cr	₹2,81,426 Cr	₹48,186 Cr	₹17,803 Cr	36.7%	₹4,104 Cr	8.5%	—	11.6%	—
Tata Investment Corporation LimitedTATAINVESTTATAINVEST	₹31,122 Cr	₹31,122 Cr	₹404 Cr	₹361 Cr	89.4%	₹431 Cr	109.2%	—	1.4%	—
Cholamandalam Financial Holdings LimitedCHOLAHLDNGCHOLAHLDNG	₹25,721 Cr	₹2,36,121 Cr	₹40,993 Cr	₹22,781 Cr	55.1%	₹2,669 Cr	14%	—	17.5%	—
Tvs Holdings LimitedTVSHLTDTVSHLTD	₹24,010 Cr	₹60,166 Cr	₹62,488 Cr	₹9,940 Cr	15.8%	₹1,970 Cr	5.8%	—	30.4%	—
Maharashtra Scooters LimitedMAHSCOOTERMAHSCOOTER	₹14,113 Cr	₹14,113 Cr	₹289 Cr	₹285 Cr	98.7%	₹279 Cr	99.3%	—	1.1%	—
Jsw Holdings LimitedJSWHLJSWHL	₹12,496 Cr	₹12,496 Cr	₹184 Cr	₹168 Cr	92.2%	₹137 Cr	81.7%	—	0.5%	—
Religare Enterprises LimitedRELIGARERELIGARE	₹7,663 Cr	₹8,064 Cr	₹8,941 Cr	₹60 Cr	1.6%	₹50 Cr	0.9%	—	3.2%	—
Pilani Investment And Industries Corporation LimitedPILANIINVSPILANIINVS	₹4,320 Cr	₹6,712 Cr	₹248 Cr	₹216 Cr	88.5%	₹-12 Cr	11%	—	0.2%	—
Nalwa Sons Investments LimitedNSILNSIL	₹2,633 Cr	₹2,636 Cr	₹98 Cr	₹77 Cr	74.8%	₹55 Cr	56.1%	—	0.3%	—
Kalyani Investment Company LimitedKICLKICL	₹2,065 Cr	₹2,065 Cr	₹78 Cr	₹65 Cr	82.2%	₹41 Cr	47.1%	—	0.4%	—
El Cid Investments LimitedELCIDINELCIDIN	₹2,043 Cr	—	₹134 Cr	₹127 Cr	94.5%	₹109 Cr	81%	—	1.2%	—

Date	Category	Subject	Filing
30 Sept 2026, 10:36 am	Others	Rumour verification - Regulation 30(11)	PDF
29 Sept 2026, 5:28 pm	Company Update Clarification	Clarification sought from Tata Investment Corporation Ltd	—
11 Sept 2026, 1:46 pm	Company Update General	Clarification For Spurt In Volume	PDF
11 Sept 2026, 12:28 pm	Company Update Clarification	Clarification sought from Tata Investment Corporation Ltd	—
11 Aug 2026, 11:58 am	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
24 Jul 2026, 3:56 pm	Board Meeting	Board Meeting Intimation for Consideration And Approval Of The Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter Ended June 30, 2026	PDF
15 Jul 2026, 6:14 pm	Company Update Credit Rating	Announcement under Regulation 30 (LODR)-Credit Rating	PDF
7 Jul 2026, 3:09 pm	Company Update Credit Rating	Announcement under Regulation 30 (LODR)-Credit Rating	PDF

Tata Investment Corporation Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Announcements

Not in the F&O segment

Announcements

Annual reports

Credit ratings

22

1

1

Compounded sales growth

Compounded profit growth

Return on equity

Tata Investment Corporation Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Announcements

Ratio timeline

Not in the F&O segment

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Credit ratings

Dividends22

Board meetings1

Stock splits1

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

22

1

1