X

Tata Investment Corporation Ltd. Stock Analysis

Small Cap
Evaluated by 1640 users | BSE: 501301 | NSE: TATAINVEST |
Finance - NBFC
Tata Investment Corporation (TICL), incorporated in 1937, is non-banking financial company. Formerly known as Investment Corporation of India, the company was established with an objective of providing assistance in promotion of new companies and new entrepreneurs.This investment company is...

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Tata Investment Corporation Ltd. has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Operating Income (Rs. Cr.)245203207223234253271161182152
Y-o-Y Gr. Rt.--17.4%2%8%4.6%8.2%7.3%-40.7%13.2%-16.6%
Adjusted EPS (Rs.)
Adjusted Earning per Share is the company’s net profit per share after adjusting for extra-ordinary/exceptional items
41.1729.3330.3432.4333.8536.7736.7322.9929.1823.45
Y-o-Y Gr. Rt.--28.8%3.4%6.9%4.4%8.6%-0.1%-37.4%26.9%-19.6%
Book Value per Share (Rs.)
The total value that a company will fetch upon liquidation (if it is closed down), after settling all obligations is called its Book Value. Book value of a company includes only tangible assets. Book value allocated to each outstanding share is called Book Value per share
339.92348.66359374.91390.13405.84443.711,485.041,545.641,576.03
Y-o-Y Gr. Rt.-2.6%3%4.4%4.1%4%9.3%234.7%4.1%2%
To view Net Profit/Total Funds (%) Colour Rating Guide click here
Net Profit/Total Funds (%): Colour Rating Guide
  • >1.25 : Very Good
  • 1-1.25 : Somewhat Good
  • <1: Not Good
Net Profit/Total Funds (%)12.468.78.048.077.818.277.841.991.51.32
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Tata Investment Corporation Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Operating Income-5.2%-8.2%-17.6%-16.6%
Adjusted EPS
Adjusted Earnings per Share is the Company’s net profit per share after adjusting for extra-ordinary/exceptional items.
-6.1%-7.1%-13.9%-19.6%
Book Value per Share
18.6%32.2%52.6%2%
Share Price 6.5% 8.9% -0.9% 1.9%
Key Financial Ratios
RATIOS \ YEARSMar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Asset Quality Ratio
To view Asset Quality Ratio Colour Rating Guide click here
Asset Quality Ratio: Colour Rating Guide
  • <0.5 : Very Good
  • 0.5-1 : Somewhat Good
  • >1 : Not Good
Net NPA to Net Advances (%)0000000000
Capitalization Ratio
To view Capitalization Ratio Colour Rating Guide click here
Capitalization Ratio: Colour Rating Guide
  • >17% : Very Good
  • 15%-17% : Somewhat Good
  • <15% : Not Good
Capital Adequacy Ratio (%)0101.2102.110000000
Margins
Net Profit Margin (%) 80.979.7280.828079.8480.1574.678.7281.0878.08
Performance Ratios
To view Performance Ratios Colour Rating Guide click here
Performance Ratios: Colour Rating Guide
  • >15 : Very Good
  • 12-15 : Somewhat Good
  • <12 : Not Good
Return on Equity (%) 12.539.088.578.848.859.248.652.381.851.5
Entity Percentage Holding
Promoters 73.38%
Institutions 3.64%
Non-Institutions 22.98%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

MoneyWorks4Me analysed the past 10-year performance of Tata Investment Corporation Ltd. and arrived at the following conclusion:

Past 10 year's financial track record indicates that Tata Investment Corporation Ltd. is a average quality company. However, for specific investment actions please connect with your investment advisor.

The 5-year analysis of Tata Investment Corporation Ltd.'s performance infers:

Tata Investment Corporation Ltd. earnings have declined by -7.1%, whereas share price has appreciated 8.9% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Tata Investment Corporation Ltd. share prices over the last 10 years. Here is what we found out:

Tata Investment Corporation Ltd. share price has appreciated 3.7% annually over the past ten years.

Tata Investment Corporation (TICL), incorporated in 1937, is non-banking financial company. Formerly known as Investment Corporation of India, the company was established with an objective of providing assistance in promotion of new companies and new entrepreneurs.

This investment company is promoted by Tata Sons. The company got listed on Bombay Stock Exchange (BSE) in the year 1958.

TCIL is involved in business of investing in shares, debentures, and other securities in India and

Tata Investment Corporation (TICL), incorporated in 1937, is non-banking financial company. Formerly known as Investment Corporation of India, the company was established with an objective of providing assistance in promotion of new companies and new entrepreneurs.

This investment company is promoted by Tata Sons. The company got listed on Bombay Stock Exchange (BSE) in the year 1958.

TCIL is involved in business of investing in shares, debentures, and other securities in India and aboard for long-term purposes. Headquartered at Mumbai, it acts as a catalyst in advancing long-term investment in India.

In the period between 1960-70 the company gradually progressed from assisting in the establishment of new ventures to acting as an investment company with a diversified portfolio of equity investments.

Tata Investment Corporation is member of OTC Exchange of India (OTCEI). Being member of this exchange, the company can act as a trader, market maker, underwriter and sponsor. It acted as a sponsor for eight companies and invested an aggregate Rs 16.70 crore in the form of equity capital in these companies. 

The company has made investments in registered and unregistered entities such as Tata Auto Components (TACO) and Tata Sons.  In April 1997, Tata Investment's subsidiary Investa was amalgamated with the company.  Much later in April 1998 due to decline of the OTC market, the company ceased its activities as a market maker. The company is still a member of the exchange.

On April 1, 1999 an unlisted company Varuna Investments was also amalgamated with the company. TICL has collaborated with Tata Sons to promote Tata Mutual Fund.

In 2004-05 TICL acquired a 49.9% stake held by Waterhouse Group in Tata TD Waterhouse Securities. Later the name was changed to Tata Securities. The remaining 50.1% is already held by two other Tata companies.

The company has received 'FAAA' rating from CRISIL reflecting maximum security in payment of interests and principal amounts. 

Tata Group (Parent Company)

Tata Group founded by Jamsetji Tata in the 1868, today revenue-wise it is $62.5 billion enterprise. The group owns major companies such as Tata Steel, Tata Motors, Tata Consultancy Services (TCS), Tata Power, Tata Chemicals, Tata Tea, Indian Hotels and Tata Communications. The group's 27 publicly listed enterprises have a combined market capitalisation of around $60 billion and a shareholder base of 3.2 million.

Future Strategy

Tata Investment Corporation has recently increased its stake in Tata Elxsi to 2.04% holding 6.34 lakh shares. The company will continue investing is various companies in future.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

Callback