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]
Investment PortfolioThe company has a diversified investment portfolio consisting of investments in companies in the form of equity & bonds. They have invested in 85 companies as on 31st March, 2023, out of which 62 are Quoted and 23 are unquoted companies.[1]The company invests in Tata and non-Tata companies, though investments in Tata companies constitute a larger portion of company's portfolio.[2]
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Jio Financial | 278.90 | 111.97 | 177189.01 | 0.17 | 268.98 | -8.75 | 900.90 | 105.52 | 1.47 | 2987.99 | 68.21 | 1582.65 | 268.98 | 1.35 | 1.16 | 0.08 |
| 2. | Aditya Birla Cap | 361.70 | 29.08 | 94671.44 | 0.00 | 882.47 | -14.09 | 10594.96 | 2.64 | 9.33 | 41693.04 | 36.34 | 3262.92 | 855.24 | 2.94 | 1.32 | 4.86 |
| 3. | Tata Inv.Corpn. | 658.70 | 100.76 | 33327.18 | 0.41 | 121.88 | 21.60 | 148.16 | 12.08 | 1.09 | 413.83 | 90.93 | 330.63 | 121.88 | 1.08 | 0.84 | 0.00 |
| 4. | Chola Financial | 1772.30 | 14.98 | 33279.88 | 0.07 | 1214.27 | 4.64 | 9461.41 | 16.95 | 10.57 | 36160.19 | 55.80 | 2228.18 | 549.92 | 2.39 | 2.36 | 13.68 |
| 5. | TVS Holdings | 14131.00 | 19.82 | 28589.97 | 0.66 | 880.08 | 59.15 | 14549.15 | 25.92 | 15.21 | 50450.82 | 15.80 | 1440.16 | 442.87 | 5.20 | 4.78 | 6.25 |
| 6. | JSW Holdings | 17885.95 | 168.63 | 19853.37 | 0.00 | 59.61 | -49.60 | 83.57 | -48.47 | 0.85 | 172.32 | 91.61 | 117.75 | 59.61 | 0.62 | 0.56 | 0.00 |
| 7. | Mah. Scooters | 13834.00 | 50.92 | 15810.22 | 1.15 | 4.12 | 24.85 | 6.44 | 11.23 | 0.59 | 313.38 | 98.38 | 310.57 | 4.12 | 0.48 | 0.55 | 0.00 |
| – | Median: 40 Co. | 457.65 | 36.78 | 908.39 | 0.0 | 6.88 | -8.52 | 14.43 | 2.73 | 1.98 | 53.62 | 51.93 | 29.41 | 6.88 | 0.73 | 1.05 | 0.0 |
Standalone figures in ₹ crores
| Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 96 | 25 | 41 | 123 | 114 | 31 | 56 | 141 | 132 | 44 | 52 | 170 | 148 |
Expenses | 7 | 6 | 5 | 8 | 10 | 6 | 7 | 11 | 9 | 9 | 8 | 10 | 10 |
Operating Profit | 89 | 19 | 36 | 114 | 104 | 25 | 48 | 130 | 123 | 35 | 43 | 160 | 138 |
Other Income | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 1 | 0 | 0 | 0 | 1 | 0 |
Profit before tax | 89 | 18 | 36 | 114 | 105 | 25 | 48 | 130 | 123 | 35 | 43 | 160 | 138 |
Tax % | 3% | 20% | 12% | 2% | -8% | 5% | 27% | 13% | 19% | 1% | 17% | 13% | 11% |
Net Profit | 86 | 15 | 31 | 111 | 113 | 24 | 35 | 113 | 100 | 34 | 35 | 139 | 122 |
EPS in Rs | 1.70 | 0.29 | 0.62 | 2.20 | 2.24 | 0.48 | 0.70 | 2.23 | 1.98 | 0.68 | 0.70 | 2.75 | 2.41 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 221 | 231 | 252 | 271 | 161 | 182 | 149 | 140 | 253 | 288 | 325 | 368 | 414 |
Expenses | 15 | 15 | 18 | 31 | 19 | 21 | 19 | 19 | 24 | 29 | 32 | 37 | 38 |
Operating Profit | 206 | 216 | 234 | 240 | 142 | 161 | 130 | 121 | 229 | 259 | 293 | 331 | 376 |
Other Income | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 1 |
Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 2 | 3 |
Profit before tax | 208 | 216 | 234 | 240 | 142 | 161 | 129 | 120 | 228 | 259 | 293 | 331 | 374 |
Net Profit | 179 | 187 | 203 | 202 | 127 | 148 | 119 | 109 | 201 | 241 | 284 | 283 | 331 |
EPS in Rs | 3.24 | 3.38 | 3.68 | 3.67 | 2.30 | 2.92 | 2.34 | 2.15 | 3.98 | 4.76 | 5.61 | 5.58 | 6.54 |
Dividend Payout % | 52% | 50% | 46% | 49% | 87% | 69% | 77% | 112% | 138% | 101% | 50% | 48% | – |
Standalone figures in ₹ crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 55 | 55 | 55 | 55 | 55 | 51 | 51 | 51 | 51 | 51 | 51 | 51 | 51 |
Reserves | 2,010 | 2,094 | 2,181 | 2,390 | 8,127 | 7,770 | 7,923 | 14,060 | 19,482 | 19,352 | 29,641 | 30,739 | 31,404 |
Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Liabilities | 122 | 124 | 13 | 18 | 1,556 | 1,547 | 121 | 644 | 1,312 | 1,274 | 2,903 | 3,746 | 3,933 |
Total Liabilities | 2,188 | 2,273 | 2,249 | 2,462 | 9,738 | 9,367 | 8,095 | 14,754 | 20,845 | 20,677 | 32,595 | 34,535 | 35,388 |
Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 2 | 2 | 1 | 160 | 159 |
Gross Block | 2.17 | 2.11 | 2.15 | 2.13 | 2.13 | 2.13 | 3.97 | 4.12 | 4.96 | 4.84 | 5.00 | 163.80 | – |
Accumulated Depreciation | 1.98 | 1.87 | 1.88 | 1.94 | 1.94 | 1.99 | 2.67 | 3.48 | 2.71 | 3.34 | 4.25 | 3.47 | – |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 2,142 | 2,232 | 2,197 | 2,420 | 9,702 | 9,341 | 8,049 | 14,706 | 20,780 | 20,472 | 32,557 | 34,343 | 35,153 |
Other Assets | 46 | 41 | 51 | 42 | 35 | 26 | 44 | 48 | 62 | 203 | 37 | 32 | 77 |
Total Assets | 2,188 | 2,273 | 2,249 | 2,462 | 9,738 | 9,367 | 8,095 | 14,754 | 20,845 | 20,677 | 32,595 | 34,535 | 35,388 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operating Activity | 83 | 93 | 90 | 69 | 68 | 95 | 112 | 86 | 127 | 215 | 215 | 204 |
Cash from Investing Activity | -46 | 17 | 145 | -79 | 41 | 494 | 12 | 6 | -4 | 63 | 37 | -68 |
Cash from Financing Activity | -103 | -110 | -225 | -1 | -119 | -584 | -122 | -95 | -122 | -279 | -244 | -143 |
Net Cash Flow | -66 | 1 | 11 | -11 | -10 | 4 | 1 | -3 | 1 | -1 | 7 | -6 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 3 | 1 | 0 | 0 | 32 | 0 | 2 | 0 | 58 | 0 | 0 | 0 |
Inventory Days | – | – | – | – | – | – | – | – | – | – | – | – |
Days Payable | – | – | – | – | – | – | – | – | – | – | – | – |
Cash Conversion Cycle | 3 | 1 | 0 | 0 | 32 | 0 | 2 | 0 | 58 | 0 | 0 | 0 |
Working Capital Days | -144 | -148 | 42 | 12 | 21 | -14 | -14 | -8 | -909 | 180 | -15 | -13 |
ROCE % | 10% | 10% | 11% | 10% | 3% | 2% | 2% | 1% | 1% | 1% | 1% | 1% |
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