NSE: TATAINVEST · BSE: 501301
TATA INVESTMENT CORP LTD
Classified as an Investment Company in the Financial Services sector, holding total assets of ₹32,652.13 crore as of FY26. Reported FY26 revenue of ₹397.34 crore and net profit of ₹433.68 crore, with an EBITDA margin of 90.96%. The cost shape reflects an investment-holding model rather than an operating business: zero materials cost, employee costs at 4.6% of revenue, other operating expenses at 6.0%, depreciation at 1.0%, and capital expenditure at 0.1% of revenue. The board recommended a dividend of Rs 3.40 per equity share (340% on a Re 1 face value) for FY26, with the record date set at June 10, 2026 and the 89th Annual General Meeting held on July 1, 2026 via video conferencing. The equity share underwent a stock split from Rs 10 to Re 1 face value. Noel Tata serves as Chairman and Amit Dalal as Managing Director. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Investment returns. Asset-heavy investment holding company; revenue is a small fraction of total assets.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 254 | 277 | 383 | 305 | 397 |
| EBITDA (ex other income) | 229 | 245 | 350 | 266 | 355 |
| margin % | 90.2 | 88.5 | 91.4 | 87.3 | 89.4 |
| Owners' profit | 214 | 252 | 385 | 312 | 434 |
| EPS, as reported (₹) | 42.34 | 49.78 | 76.09 | 61.68 | 8.57 |
| ROE % · ROCE % | 1.1 · — | 1.3 · — | 1.3 · — | 1.0 · — | 1.5 · — |
| Debt / equity (x) | — | — | — | — | — |
| Cash from operations | 122 | 230 | 235 | 206 | 279 |
| Capex | (0) | (0) | (0) | (1) | (0) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 142 | 4 | 16 | 145 | 154 | 58 | 40 | 152 |
| Profit before tax | 133 | (6) | 7 | 134 | 143 | 50 | 30 | 139 |
| Net profit | 124 | 20 | 38 | 146 | 148 | 75 | 64 | 144 |
| EPS (₹) | 24.45 | 3.88 | 7.46 | 28.92 | 2.93 | 1.49 | 1.26 | 2.84 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| JIO FIN SERVICES LTD | 1,35,496 | 63.7 | 1.01 | — | 1.2 | — | — | 70.7 |
| ADITYA BIRLA CAPITAL LTD. | 97,598 | 22.8 | 2.65 | — | 10.5 | — | 18.8 | 40.8 |
| L&T FINANCE LIMITED | 61,858 | 19.4 | 2.21 | — | 10.6 | — | 5.5 | 62.3 |
| TATA INVESTMENT CORP LTD ◆ | 28,442 | 66.0 | 0.97 | — | 1.5 | — | 19.5 | 92.6 |
| CHOLAMANDALAM FIN HOL LTD | 24,545 | 9.2 | 0.72 | — | 16.2 | — | 23.0 | 58.4 |
| TVS HOLDINGS LIMITED | 23,883 | 12.1 | 1.85 | — | 26.3 | — | 23.4 | 16.4 |
| MAHARASHTRA SCOOTERS LTD | 13,373 | 48.0 | 0.48 | — | 1.1 | — | — | 84.1 |
| JSW HOLDINGS LIMITED | 12,440 | 90.6 | 0.38 | — | 0.4 | — | 14.1 | 84.0 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 66.0 | 19.9 | 45 of 51 | 12% |
| P/B | 1.0 | 0.6 | 40 of 63 | 37% |
| ROE | 1.5 | 1.3 | 30 of 65 | 55% |
| EBITDA margin | 92.6 | 61.6 | 20 of 62 | 69% |
| Revenue growth | 4.3 | 13.6 | 32 of 56 | 44% |
| Profit growth | (1.9) | 10.7 | 39 of 66 | 42% |
| Market cap | 28442 | 273 | 4 of 68 | 96% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 21 Oct 2026 · Board meeting on Nov 2, 2026 to consider Q2 and H1 FY27 results | results | low | — | — |
| 13 Oct 2026 · Newspaper Notice on Special Window for Physical Share Transfer Relodgement | compliance | minimal | — | — |
| 30 Sept 2026 · Tata Investment denies knowledge of any undisclosed info behind stock fall | regulatory legal | high | — | — |
| 29 Sept 2026 · BSE seeks clarification from Tata Investment on news report | regulatory legal | high | — | — |
| 24 Sept 2026 · Trading window closed ahead of Q2 and H1 FY26 results | compliance | minimal | — | — |
| 11 Sept 2026 · No undisclosed info behind recent volume spike: Tata Investment | regulatory legal | low | — | — |
| 11 Sept 2026 · BSE seeks clarification from Tata Investment on unusual volume movement | regulatory legal | medium | — | — |
| 10 Sept 2026 · Tata Investment responds to NSE volume spurt query, no pending info | compliance | low | — | — |
| 10 Sept 2026 · NSE seeks clarification from Tata Investment on unusual trading volume | regulatory legal | low | — | — |
| 11 Aug 2026 · Special window for re-lodging physical share transfer requests | compliance | minimal | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.