Company Introduction
Headquarters Location: Mumbai, India
Core Business Summary: Tata Investment Corporation is a non-banking financial company that invests in a diversified portfolio of listed and unlisted equity shares.
Overview
₹ 9,209
142.32
65
₹ 46,616 Cr
Company Overview
Industry Sector: Financial Services
Industry Trends
Industry Growth Next 5 Years: 8-10% CAGR
Key Demand Drivers: Increasing demand for investment products, growth of the Indian economy
Last 5 Year Cagr Industry Growth: 12.1%
Major Competitors: HDFC, Birla, ICICI
Financials
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 247 | 270 | 158 | 177 | 144 | 163 | 254 | 277 | 385 | 304 |
| YoY % | +9.3% | -41.5% | +12.0% | -18.6% | +13.2% | +55.8% | +9.1% | +39.0% | -21.0% | |
| EBITDA | 229 | 237 | 139 | 147 | 103 | 145 | 230 | 247 | 353 | 268 |
| YoY % | +3.5% | -41.4% | +5.8% | -29.9% | +40.8% | +58.6% | +7.4% | +42.9% | -24.1% | |
| Net Profit | 194 | 200 | 131 | 134 | 90 | 155 | 214 | 252 | 385 | 312 |
| YoY % | +3.1% | -34.5% | +2.3% | -32.8% | +72.2% | +38.1% | +17.8% | +52.8% | -19.0% | |
| EPS | 35.28 | 36.37 | 23.79 | 26.44 | 17.89 | 30.43 | 42.34 | 49.78 | 76.09 | 61.68 |
| YoY % | +3.1% | -34.6% | +11.1% | -32.3% | +70.1% | +39.1% | +17.6% | +52.9% | -18.9% |
Growth Drivers
Historical Growth Drivers: Dividend income, long-term investments in growth stocks
Future Growth Drivers: Adoption of digital technologies, expansion into new investment products, strategic partnerships
Examples: Investment in Tata Group companies, such as Tata Consultancy Services and Tata Motors
Market Position
Competitive Position: Established player in the Indian investment industry
Estimated Market Share: 5-7%
Technological Moat: Strong research and analysis capabilities, experienced management team
Strengths
- 2.5-3.5%
- Diversified portfolio of over 50 stocks
- Tata Group
- 15-20%
Weaknesses
- Changes in Indian financial regulations
- Fluctuations in the Indian stock market
- Increasing competition from other investment companies
- High concentration of investments in a few sectors
Valuations
Valuations for TATAINVEST
| Formula | Bull | Base | Bear | Margin of Safety |
|---|---|---|---|---|
| Ben Graham | ₹ 1,159 | ₹ 1,159 | ₹ 427 | -694.5% |
| Peter Lynch | – | ₹ 617 | – | -1,393.0% |
Rule of thumb (Lynch):
PEG ≈ 1 → Fairly valued
PEG < 1 → Undervalued (growth cheap relative to earnings)
PEG > 1.5 → Overvalued
Outlook
Opportunities: Growing demand for investment products, expansion into new sectors
Risks: Regulatory changes, market volatility, competition
Horizon: 3-5 years
Expected Growth: 8-12% CAGR
Stock Price Performance
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price | 478.00 | 637.45 | 770.05 | 849.80 | 641.00 | 1,034.45 | 1,417.50 | 1,773.10 | 6,556.10 | 6,232.10 |
| YoY % | +33.4% | +20.8% | +10.4% | -24.6% | +61.4% | +37.0% | +25.1% | +269.8% | -4.9% |
Stock 3 Year Rolling CAGR
| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Average |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | -13.84% | -13.13% | -3.05% | -2.71% | 20.83% | 19.33% | 14.87% | 3.15% | 3.18% |
| EBITDA | -15.33% | -14.72% | -9.51% | -0.46% | 30.71% | 19.43% | 15.35% | 2.76% | 3.53% |
| Net Profit | -12.27% | -12.50% | -11.76% | 4.97% | 33.47% | 17.59% | 21.62% | 7.38% | 6.06% |
| EPS | -12.31% | -10.08% | -9.06% | 4.80% | 33.26% | 17.83% | 21.58% | 7.41% | 6.68% |
| Price | 17.23% | 10.06% | -5.93% | 6.77% | 30.28% | 19.68% | 66.61% | 52.04% | 24.59% |
