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Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹132673 Cr.
Stock P/E
36.3
P/B
2.9
Current Price
₹312.6
Book Value
₹ 108.1
Face Value
10
52W High
₹367.7
52W Low
₹ 296.1
Dividend Yield
0.18%

Tata Capital Overview

Business

Tata Capital Ltd. is a Non-Banking Financial Company (NBFC) and a subsidiary of Tata Sons Private Limited, the holding company of the Tata Group. It offers a comprehensive suite of financial services to retail, corporate, and institutional customers across India. Its core business model revolves around lending and providing financial solutions, including consumer loans, business loans, wealth management, housing finance, vehicle finance, and infrastructure finance. The company primarily makes money through interest income generated from its loan portfolio, fees from various financial services, and income from investments.

Revenue Mix

Tata Capital operates across a diversified range of financial services. While specific revenue mix percentages are not publicly disclosed without detailed financial reports, its key segments typically include:

Retail Finance: Consumer durable loans, personal loans, home loans, two-wheeler loans, car loans, and credit cards.

Corporate Finance: Term loans, working capital loans, structured finance, and supply chain finance for businesses.

Wealth Management: Investment advisory, portfolio management services, and distribution of financial products.

Housing Finance: Home loans and loans against property.

Commercial Finance: Loans for equipment, commercial vehicles, and other business assets.

Industry

Tata Capital operates within the highly competitive and dynamic Indian financial services sector, specifically as a diversified NBFC. The industry is characterized by significant competition from public and private sector banks, other large NBFCs, and emerging FinTech companies. Tata Capital benefits significantly from its association with the esteemed Tata Group, which provides a strong brand recall, trust, and a robust platform for cross-selling. It is positioned as a reputable, diversified financial services provider catering to a broad spectrum of customers, leveraging its parentage to maintain a strong market presence.

MOAT

Tata Capital's primary competitive advantages include:

Brand Trust: The backing of the Tata Group instills immense trust and credibility among customers and investors, significantly aiding in customer acquisition and funding.

Diversified Portfolio: A broad range of products and services across retail, corporate, and wealth management segments helps de-risk the business and cater to varied customer needs.

Funding Access: As part of the Tata Group, it generally has better access to diverse funding sources compared to smaller, standalone NBFCs.

Established Network: A widespread branch network and digital presence enhance its reach and distribution capabilities.

Growth Drivers

Key factors that can drive Tata Capital's growth over the next 3-5 years include:

Indian Economic Growth: A growing economy typically translates to increased demand for credit across retail and corporate segments.

Financial Inclusion: Expanding financial services to semi-urban and rural areas, and underserved populations, offers significant growth potential.

Digital Transformation: Leveraging technology for customer onboarding, loan processing, and service delivery can improve efficiency, reduce costs, and expand reach.

Cross-Selling within Tata Ecosystem: Opportunities to cross-sell financial products to customers of other Tata Group companies.

Infrastructure Development: Government focus on infrastructure spending can boost demand for project finance and equipment loans.

Risks

Credit Risk: Potential for loan defaults due to economic downturns, industry-specific issues, or individual borrower distress, impacting asset quality.

Interest Rate Risk: Fluctuations in interest rates can affect the cost of borrowing for Tata Capital and its lending margins.

Regulatory Risk: Changes in RBI regulations for NBFCs (e.g., capital adequacy, asset classification, provisioning norms) can impact profitability and operational flexibility.

Competition: Intense competition from banks and other NBFCs can pressure lending rates and margins.

Liquidity Risk: Difficulty in raising funds at competitive rates, especially during periods of market stress.

Management & Ownership

Tata Capital Ltd. is a wholly-owned subsidiary of Tata Sons Private Limited, the principal investment holding company and promoter of Tata companies. This signifies strong parental backing and strategic alignment with the broader Tata Group vision. The management team is expected to be professional and experienced, drawing from the deep talent pool and corporate governance standards typically associated with the Tata Group.

Outlook

Tata Capital benefits significantly from its strong parentage under the Tata Group, which provides a robust brand, access to capital, and an extensive ecosystem for growth. Its diversified product portfolio positions it well to capture opportunities across various segments of the growing Indian financial market. However, the company operates in a highly competitive and regulated environment, facing challenges from interest rate volatility, potential asset quality concerns during economic downturns, and the need for continuous technological adaptation. Its ability to prudently manage credit cycles, maintain strong asset quality, and effectively leverage digital channels will be crucial for sustained performance.

Tata Capital Share Price

Live · BSE / NSE · Inception: 1991
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Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Tata Capital Quarterly Results

#(Fig in Cr.) Sep 2024 Dec 2024 Mar 2025 Sep 2025 Dec 2025 Mar 2026
Operating Revenue 7185 7104 7478 7737 7975 8160
Other Income 8 8 31 12 3 2
Total Income 7192 7111 7509 7750 7979 8162
Total Expenditure 1915 1762 2070 2135 2172 2026
Operating Profit 5277 5349 5439 5614 5807 6137
Interest Expense 3693 3836 3960 3976 3928 4017
Depreciation 92 99 109 135 142 143
Profit Before Tax 1492 1414 1370 1504 1694 1978
Provision for Tax 361 364 369 388 430 512
Profit After Tax 1131 1050 1001 1115 1264 1465
Adjustments -55 26 50 -18 -7 37
Profit After Adjustments 1076 1076 1052 1097 1257 1502
Adjusted Earnings Per Share 2.9 2.9 2.8 2.7 3 3.6

Tata Capital Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Operating Revenue 3849 4647 5883 6585 8935 9589 9835 10109 13629 18175 28313 31350
Other Income 419 399 1345 939 1010 224 157 202 9 144 150 48
Total Income 4268 5046 7228 7525 9945 9813 9993 10312 13638 18319 28463 31400
Total Expenditure 1269 1424 2855 2308 3069 2984 2806 2869 2972 3986 8015 8403
Operating Profit 2998 3622 4373 5216 6876 6829 7187 7443 10665 14333 20447 22997
Interest Expense 2481 2878 3509 3923 5230 5807 5235 4929 6649 9642 15136 15881
Depreciation 105 128 154 248 288 386 334 276 226 288 390 529
Profit Before Tax 412 616 710 1045 1358 636 1618 2348 3937 4392 4919 6546
Provision for Tax 111 207 240 419 386 512 370 547 991 1065 1264 1699
Profit After Tax 301 409 470 626 972 124 1247 1801 2946 3327 3655 4845
Adjustments 5 -4 -11 -21 -192 172 -122 -153 83 -177 10 62
Profit After Adjustments 306 405 460 605 780 296 1126 1648 3029 3150 3665 4908
Adjusted Earnings Per Share 0.8 1 1.2 2.2 2.4 0.8 3.3 4.8 8.6 8.5 9.7 12.1

Tata Capital Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 5077 5792 6044 4249 7566 8821 9973 11713 17340 23417 33192
Minority's Interest 105 123 162 550 551 495 834 1123 809 1165 1179
Borrowings 15173 20017 19158 37544 33446 43659 41717 54437 71362 97929 135270
Current Liability 16551 20395 28844 22803 39413 29707 29531 34383 45345 52894 77477
Other Liabilities & Provisions 144 952 997 -718 866 -51 136 -121 389 822 -41
Total Liabilities 37050 47279 55205 64427 81842 82630 82191 101534 135245 176227 247077
Loans 33310 42348 51210 60442 75964 74681 73626 90111 116789 157761 221950
Investments 2092 2191 1143 1695 1687 1484 1988 2976 4637 3978 2890
Fixed Assets 789 901 915 819 1049 1076 880 699 713 1187 2000
Other Loans 139 1032 928 263 0 155 142 166 158 162 199
Other Non Current Assets 90 106 139 287 155 422 191 252 273 308 536
Current Assets 630 701 871 897 2964 4790 5343 7310 12655 12829 19499
Total Assets 37050 47279 55205 64427 81842 82630 82191 101534 135245 176227 247077

Tata Capital Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 314 175 127 345 172 1878 4302 2027 2082 3059 6771
Cash Flow from Operating Activities -4968 -7919 -7030 -8418 -14656 286 3137 -14387 -23190 -37999 -29872
Cash Flow from Investing Activities -741 -341 707 -304 -136 381 -2626 -2617 -2270 5757 -40
Cash Flow from Financing Activities 5620 8211 6540 8550 15965 1757 -2787 17056 26430 35952 29412
Net Cash Inflow / Outflow -88 -48 218 -172 1172 2424 -2276 52 970 3711 -500
Closing Cash & Cash Equivalent 225 127 344 172 1345 4302 2027 2082 3059 6771 9478

Tata Capital Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.83 1.02 1.16 2.18 2.39 0.79 3.25 4.76 8.64 8.51 9.74
CEPS(Rs) 1.46 1.94 2.25 3.16 3.86 1.47 4.57 6 9.04 9.76 10.75
DPS(Rs) 0 0 0 0 0 0 0 0.16 0.16 0.21 0.42
Book NAV/Share(Rs) 14.86 15.82 15.15 14.81 23.12 25.42 28.73 33.73 49.1 63.08 76.95
Net Profit Margin 7.81 8.8 7.99 9.5 10.88 1.3 12.68 17.81 21.61 18.31 12.91
Operating Margin 75.18 75.18 71.72 75.44 73.73 67.2 69.68 71.98 77.67 77.21 70.83
PBT Margin 10.7 13.26 12.08 15.87 15.2 6.64 16.45 23.22 28.88 24.17 17.37
ROA(%) 0.88 0.97 0.92 1.05 1.33 0.15 1.51 1.96 2.49 2.14 1.73
ROE(%) 7.49 9.63 10.96 15.08 16.68 1.52 13.3 16.65 20.39 16.4 13.97
ROCE(%) 8.97 8.82 8.91 9.03 9.68 8.17 8.57 8.22 9.26 9.29 9.71
Price/Earnings(x) 0 0 0 0 0 0 0 0 0 0 0
Price/Book(x) 0 0 0 0 0 0 0 0 0 0 0
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 8.7 9.1 8.3 8.77 7.91 7.42 7.17 8.66 8.33 7.97 7.13
EV/Core EBITDA(x) 11.16 11.68 11.17 11.07 10.28 10.42 9.81 11.76 10.64 10.11 9.87
Interest Earned Growth(%) 16.14 20.74 26.6 11.94 35.68 7.32 2.42 2.79 34.81 33.36 55.78
Net Profit Growth 51.84 36.1 14.93 33.11 55.34 -87.22 904.07 44.37 63.58 12.94 9.86
EPS Growth(%) 46.25 23.93 13.73 87.42 9.34 -67.05 313.38 46.41 81.5 -1.51 14.49
Interest Coverage(x) % 1.17 1.21 1.2 1.27 1.26 1.11 1.31 1.48 1.59 1.46 1.33

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +56% +41% +24% +22%
Operating Profit CAGR +43% +40% +25% +21%
PAT CAGR +10% +27% +97% +28%
Share Price CAGR
ROE Average +14% +17% +16% +13%
ROCE Average +10% +9% +9% +9%

Tata Capital Shareholding Pattern

Latest · Mar 2026
100% held
Promoters 85.41 %
FII 4.88 %
DII (MF + Insurance) 3.6 %
Public (retail) 14.59 %
# Oct 2025 Dec 2025 Mar 2026
Promoter 85.4185.4185.41
FII 3.314.634.88
DII 3.033.313.6
Public 14.5914.5914.59
Others 000
Total 100100100

Tata Capital Peer Comparison

Finance - NBFC Edit Columns

Tata Capital Quarterly Price

10-year quarterly close · BSE
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News & Updates

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Tata Capital Pros & Cons

Pros

  • Company has delivered good profit growth of 96% CAGR over last 5 years

Cons

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