Models
TATA INVESTMENT CORP LTDTATAINVESTFinance
₹-188per share · Base Model Note
The horizon and scenarios are yours to change. Every other input is part of the Trader plan; saving, sharing a saved link and the live-formula workbook are part of the Institutional plan.
Scenario
Value per share, your model₹(188)implied P/B (0.33)× on FY26 book
Against CMP ₹562.10−133.5%close of 28 Oct 2026
Cost of equity12.24%risk-free + beta × equity risk premium
Book equity, FY26₹577per share · excess returns add ₹(766)
This figure is the arithmetic of your inputs and nothing else. MarketPing publishes no fair value, target or rating; the model is yours.
Excess-return schedule · ₹ crore · book equity earns your ROE; value is book plus the returns above the cost of equity
| ₹ crore | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|
| Opening book equity | 29,221 | 29,521 | 29,825 | 30,131 | 30,441 |
| Net income at 1.5% ROE | 438 | 443 | 447 | 452 | 457 |
| Cost of equity charge at 12.24% | (3,578) | (3,615) | (3,652) | (3,689) | (3,727) |
| Excess return | (3,139) | (3,172) | (3,204) | (3,237) | (3,270) |
| Present value | (2,963) | (2,667) | (2,401) | (2,161) | (1,945) |
| Closing book equity | 29,521 | 29,825 | 30,131 | 30,441 | 30,753 |
| Book equity today | 29,221 |
| PV of 5 years of excess return | (12,137) |
| PV of the terminal excess return, 5% flat | (26,609) |
| add non-operating investments | 0 |
| Equity value | (9,524) |
| ÷ 50.60 crore shares | ₹(188) |
ROE is at or below the cost of equity, so every year destroys value against book and the model lands below book value. That is the arithmetic, not a view.
Where the methods land · ₹ per share · the dashed line is the CMP
52-week rangetraded range, a fact not a value
₹539₹841
Scenarios side by side · ₹ per share
| Scenario | Template | Growth | Margin | Rate | Terminal | ₹ / share | vs CMP |
|---|---|---|---|---|---|---|---|
| Base · editing | Excess return | ROE 1.5% | — | 12.24% | 5% | ₹(188) | (133.5)% |
A scenario is a full set of inputs under a name. Keep Base as the filed history carried forward; add Bull and Bear by saving the current inputs under those names and moving the two or three assumptions you actually hold a view on. The distribution above draws each driver between the lowest and highest value across your scenarios, so three scenarios give it a real range; with one scenario it falls back to fixed bands.