Blog Disclaimer ; Message as Received
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MESSAGE
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A Complete Deep-Dive report on
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About The Company
A division of Tata Sons Private Limited, Tata Capital Limited (TCL) is listed with the RBI as a Systemically Important Non-Deposit Accepting Core Investment Company.
Tata Capital and its subsidiaries are
collectively referred to as "Tata Capital", are a reliable,
customer-focused, one-stop partner for financial solutions. They are involved in lending and provide a broad range of services and products in the financial services industry.
Key Subsidiaries and TCL's holdings in it
- Tata Securities Limited 100%
- Tata Capital Housing Finance Ltd. 100%
- Tata Capital Financial Services Ltd. 100%
- Tata Capital Advisors Ltd. 100%
- Tata Capital Growth Fund Ltd. 73.75%
- Tata Cleantech Capital Ltd. 80.50%
Major Milestones
- 2007: TCL commences NBFC services
- 2008: TATA Capital Housing Finance Ltd. incorporated
- 2010: TATA Capital Financial Services Ltd. Incorporated
- 2012: TCL recognized as CIC; transferred its NBFC operations to TCFSL
- 2013: Private equity funds raised - $1 bn.
- 2018: Rating transition from AA+ to AAA (Domestic)
- 2019: New brand promise, new purpose, vision and values
- 2023: Loan book crosses INR 1 Lac crore mark, highest ever PAT; TCFSL & TCCL's merger into TCL approved by the boards
Driving Business Digitally
- 95% customers onboard through digital platforms.
- 100% 2W cases decisioned via scorecard
- 92% collections through digital
Performance Highlights (FY2023)
- Total Income: INR 13,637 Cr (increased by 32%)
- PAT: INR 2,975 Cr (increased by 80%)
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Recorded highest ever disbursals of 75,099 cr during the year, up by 42% YoY
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The total loan book stood at 1,20,940 cr as at March 31, 2023, up by 28% YoY
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Net interest income including other revenues of 7023 crore up by 34% YoY
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GNPA & NNPA went down by 20 bps each to 1.7% and 0.4% respectively
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ROE increased from 15.6% in FY 22 to 23.0% in FY23
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ROA increased from 2% in FY 22 to 2.9% in FY23
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Loan Book Split
(In INR Crores)
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Peer Comparision (in INR crores)
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Valuation
Peer Comparsion:
Current Price to Book of Bajaj Finance ~8x (at CMP 7670/sh)
Current Price to Book of Tata Capital ~11.8x (at CMP 670/sh)
The current price to book of TATA
Capital is higher than Bajaj Finance by ~40%! This maybe because of i)
Steep Growth in loan book and profits ii) Strong parentage of TATA
group
However, investors should be cautious of entering at steep valuations.
IPO Plans
The Tata group is targeting an IPO for Tata Capital in 2025.
The board has been expanded, and mergers of some of the group firms
under Tata Capital have been done as a part of the IPO plan.
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Blog Comments
Blog Caution
Two Way Quotes ( i.e simultaneous Buying / Selling Rates ) given by Dealers may be Incorrect.
Investors, please, Recheck from Independent
Please , also , read
http://www.rareindianshares.info/2017/09/dealers-two-way-quotes-can-be.html
Dealers of Unlisted / Delisted Shares
Please click the link For Many Dealers' Contact List
http://www.rareindianshares.info/2021/05/dhruval-shah-selling-metropolitan-stock.html
Dealers of Rare Indian Shares
Sambhav Aggarwal
Arms Securities
Tel : +919899131155
MANISH
9958006642
3A CAPITAL SERVICES
NILESH KOTAK
08866004076 - Whatsapp also
InvestorZone ,232/12, New Kot Gaon, Ghaziabad, ,Dinesh Gupta, Partner
DHARAWAT
08108303330 or dharawat1@gmail.com
SANDIP GINODIA
9830271248
OPPOSITE HIND CINEMA, NEAR AXIS BANK
73a, GANESH CH AVENUE, 2ND FLOOR, KOLKATA-700013
Vipul Gandhi
Gandhi Associates
25, New Jagnath, Saptabhumi Apt., (GF)
Rajkot-360001
Phone : + 91 - 281 324 6757 / 329 6757
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Dilip Surana
Strides Financial Services
"Arihant Plaza"
84-85,Wall Tax Road, Ist floor
Park Town, Above SBI
CHENNAI 600003
Phone No 044-25350312, 25350313
Fax No 044-42371148
Mobile 9840278351 95000 95121
dilipmsurana@gmail.com
IP Gupta M.Sc,MBA,( Faridabad ) ,also consultants for problematic transfer cases - m- 9971104447
Important Blog Request
Because of technical reasons we are unable to our full list of Dealers.
Please do click on this link for our full list
Complete List of Dealers
.Please Must CLICK the link For Many Dealers' Contact List
http://www.rareindianshares.info/2021/05/dhruval-shah-selling-metropolitan-stock.html
4 Additions To The Previous List
1. Tarun Jain ,+91-9716719433 ,+91-9968510065
tarun90.jain@gmail.com
2. www.altinven.com
3 https://blog.unlistedkart.com/
4 Dee Unlisted Store (One Stop Shop For All Your Unlisted Shares Trades)
Deepa Bhatia (+91 9820900224)
Haresh Bhatia (+91 9423080060
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