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Tata Investment Corporation Limited (501301) Report Analysis

Corporate Events

Neutral

Tata Investment Corporation Limited to Report Q...

2022-10-17 12:19:00

Tata Investment Corporation Limited announced that they will report Q2, 2023 results on Nov 01, 2022

Neutral

Tata Investment Corporation Limited, Board Meet...

2022-10-17 12:19:00

Tata Investment Corporation Limited, Board Meeting, Nov 01, 2022, at 17:00 Indian Standard Time. Agenda: To consider and approve the Unaudited...

Negative

Tata Investment Corporation Limited Appoints Go...

2022-09-20 11:21:00

Tata Investment Corporation Limited appointed M/s. Gokhale & Sathe, chartered accountants as joint statutory auditors of the company and fix t...

Neutral

Tata Investment Corporation Limited to Report Q...

2022-07-14 11:58:00

Tata Investment Corporation Limited announced that they will report Q1, 2023 results on Jul 26, 2022

Neutral

Tata Investment Corporation Limited, Board Meet...

2022-07-14 11:58:00

Tata Investment Corporation Limited, Board Meeting, Jul 26, 2022. Agenda: To consider and approve the Unaudited Standalone and Consolidated Fi...

Positive

Tata Investment Corporation Limited Announces D...

2022-06-28 10:34:00

Tata Investment Corporation Limited announced declaration of dividend for the financial year 2021-22 is INR 55 per ordinary shares of face val...

Neutral

Tata Investment Corporation Limited - Sharehold...

2022-05-06 07:57:00

Annual General Meeting

Neutral

Tata Investment Corporation Limited, Annual Gen...

2022-05-06 07:57:00

Tata Investment Corporation Limited, Annual General Meeting, Jun 27, 2022, at 16:00 Indian Standard Time. Agenda: To receive, consider and ado...

Positive

Tata Investment Corporation Limited Recommends ...

2022-04-25 15:35:00

The Board of Directors of Tata Investment Corporation Limited at its meeting held on 25th April, 2022, has recommended a dividend of INR. 55/-...

Positive

Tata Investment Corporation Limited, 55.0 (INR)...

2022-04-25 00:00:00

Tata Investment Corporation Limited, 55.0 (INR), Cash Dividend, Jun-02-2022

Neutral

Tata Investment Corporation Limited to Report F...

2022-04-13 05:58:00

Tata Investment Corporation Limited announced that they will report fiscal year 2022 results on Apr 25, 2022

Neutral

Tata Investment Corporation Limited, Board Meet...

2022-04-13 05:58:00

Tata Investment Corporation Limited, Board Meeting, Apr 25, 2022, at 18:00 Indian Standard Time. Agenda: To consider the Audited Standalone an...

Negative

Tata Investment Corporation Limited Appoints Fa...

2022-03-31 07:10:00

Tata Investment Corporation Limited announced the appointment of Farida Khambata as an Independent Director.

Neutral

Tata Investment Corporation Limited Presents at...

2022-02-11 14:08:00

Tata Investment Corporation Limited Presents at Spark Capital - BFSI Conference, Feb-10-2022 .

Neutral

Spark Capital Advisors (India) Private Limited,...

2022-02-10 10:18:00

Spark Capital Advisors (India) Private Limited, Spark Capital - BFSI Conference, Feb 10, 2022 through Feb 11, 2022.

Neutral

Tata Investment Corporation Limited to Report Q2, 2023 Results on Nov 01, 2022

2022-10-17 12:19:00

Tata Investment Corporation Limited announced that they will report Q2, 2023 results on Nov 01, 2022

Neutral

Tata Investment Corporation Limited, Board Meeting, Nov 01, 2022

2022-10-17 12:19:00

Tata Investment Corporation Limited, Board Meeting, Nov 01, 2022, at 17:00 Indian Standard Time. Agenda: To consider and approve the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and half year ended 30th September 2022.

Negative

Tata Investment Corporation Limited Appoints Gokhale & Sathe as Joint Statutory Auditors

2022-09-20 11:21:00

Tata Investment Corporation Limited appointed M/s. Gokhale & Sathe, chartered accountants as joint statutory auditors of the company and fix their remuneration.

Neutral

Tata Investment Corporation Limited to Report Q1, 2023 Results on Jul 26, 2022

2022-07-14 11:58:00

Tata Investment Corporation Limited announced that they will report Q1, 2023 results on Jul 26, 2022

Neutral

Tata Investment Corporation Limited, Board Meeting, Jul 26, 2022

2022-07-14 11:58:00

Tata Investment Corporation Limited, Board Meeting, Jul 26, 2022. Agenda: To consider and approve the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter ended 30 June 2022.

Positive

Tata Investment Corporation Limited Announces Declaration of Dividend for the Financial Year 2022

2022-06-28 10:34:00

Tata Investment Corporation Limited announced declaration of dividend for the financial year 2021-22 is INR 55 per ordinary shares of face value of INR 10 each, at the AGM held on June 27, 2022.

Neutral

Tata Investment Corporation Limited - Shareholder/Analyst Call

2022-05-06 07:57:00

Annual General Meeting

Neutral

Tata Investment Corporation Limited, Annual General Meeting, Jun 27, 2022

2022-05-06 07:57:00

Tata Investment Corporation Limited, Annual General Meeting, Jun 27, 2022, at 16:00 Indian Standard Time. Agenda: To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended 31 March 2022, together with the Reports of the Board of Directors and the Auditors thereon; to receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended 31 March 2022, together with the Report of the Auditors thereon; to declare Dividend on Ordinary Shares for the financial year ended 31 March 2022; to appoint a Director in place of Mr. Noel N. Tata, who retires by rotation and, being eligible, offers himself for re-appointment; and to consider any other matter thereof.

Positive

Tata Investment Corporation Limited Recommends Dividend for 2022

2022-04-25 15:35:00

The Board of Directors of Tata Investment Corporation Limited at its meeting held on 25th April, 2022, has recommended a dividend of INR. 55/- (550%) per Ordinary share of INR. 10 each, which shall be paid after the Annual General Meeting, subject To Approve the Shareholders of the Company at the up coming Annual General Meeting.

Positive

Tata Investment Corporation Limited, 55.0 (INR), Cash Dividend, Jun-02-2022

2022-04-25 00:00:00

Tata Investment Corporation Limited, 55.0 (INR), Cash Dividend, Jun-02-2022

Neutral

Tata Investment Corporation Limited to Report Fiscal Year 2022 Results on Apr 25, 2022

2022-04-13 05:58:00

Tata Investment Corporation Limited announced that they will report fiscal year 2022 results on Apr 25, 2022

Neutral

Tata Investment Corporation Limited, Board Meeting, Apr 25, 2022

2022-04-13 05:58:00

Tata Investment Corporation Limited, Board Meeting, Apr 25, 2022, at 18:00 Indian Standard Time. Agenda: To consider the Audited Standalone and Consolidated financial results of the Company for the financial year ended 31st March, 2022; and to consider recommendation of dividend, if any, on the equity shares of the Company for the financial year ended 31st March, 2022.

Negative

Tata Investment Corporation Limited Appoints Farida Khambata as an Independent Director

2022-03-31 07:10:00

Tata Investment Corporation Limited announced the appointment of Farida Khambata as an Independent Director.

Neutral

Tata Investment Corporation Limited Presents at Spark Capital - BFSI Conference, Feb-10-2022

2022-02-11 14:08:00

Tata Investment Corporation Limited Presents at Spark Capital - BFSI Conference, Feb-10-2022 .

Neutral

Spark Capital Advisors (India) Private Limited, Spark Capital - BFSI Conference, Feb 10, 2022 through Feb 11, 2022

2022-02-10 10:18:00

Spark Capital Advisors (India) Private Limited, Spark Capital - BFSI Conference, Feb 10, 2022 through Feb 11, 2022.

Fundamental Summary

According to their recent financial report, which was published on 2022-06-02, Tata had several impressive financial metrics that should make them more attractive than their peers going forward. Their positive income and value factors indicate that it is likely to continue to produce impressive results for the foreseeable future, as well. These results lead us to believe that there should be significant upside potential for the stock. As such, Tata received an overall score of 84 and a BUY recommendation.

Tata reported earnings results for the half year ended September 30, 2022. For the half year, the company reported revenue was INR 2,091.3 million compared to INR 1,510.2 million a year ago. Net income was INR 1,970.7 million compared to INR 1,543 million a year ago. Basic earnings per share from continuing operations was INR 38.95 compared to INR 30.5 a year ago. Diluted earnings per share from continuing operations was INR 38.95 compared to INR 30.5 a year ago.

Business Description

Tata is a publicly owned investment manager. The firm operates as an investment company in India. Its activities primarily include investing in long-term investments in equity shares, equity-related securities and other securities of companies in a range of industries. The company also distributes mutual funds and other investment related securities. Tata Investment Corporation was founded in 1937. Tata was formerly known as The Investment Corporation of India Limited. Tata is based in Mumbai, India.

Sector Overview

Tata is included in the Capital Markets according to GICS (global industry classification standard). The Capital Markets industry is part of the Financials sector. It includes companies that engage in Diversified Capital Markets, Investment Banking & Brokerage, Asset Management & Custody Banks. Tata's industry and sector affiliation are expected to positively boost their relative likelihood to overperform the market looking forward, as they should benefit significantly from the macroeconomic environment we see now.

Fundamental Highlights


Parameter Value Change Score
Assets 209.9B 41.0% 44
Liabilities 13.1B 103.3% 93
Price to Book 0.3 -5.3% 88
Cash & Equivalents 103.3M 56.8% 79
Equity 196.8B 38.2% 66
EBITDA 2.3B 59.5% 69
Total Revenues 2.5B 55.6% 41
Parameter Value Change Score
Return on Equity 1.3 -8.8% 58
Net Cashflow 37.4M 220.9% 78
Capital Expenditure -1.4M 24.9% 84
Asset Turnover 0.0 0.0% 88
Free Cashflow Per Share 24.2 42.8% 58
* All values are TTM

The below chart reflects Tata's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While Tata's peer average final assessment score stands on 72, Tata's score is 84.

  •  501301
  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow Rating Final Assessment mc_sort Hidden
Angel One Limited 133.3B 88 69 76
Buy
84
84 0 1
Indian Energy Exchange Limited 132.4B 94 77 80
Strong Buy
99
99 1 1
IDFC Limited 131.1B 74 48 68
Hold
63
63 2 1
UTI Asset Management Company Limited 99.2B 67 60 71
Hold
67
67 3 1
JM Financial Limited 71.1B 77 69 78
Buy
79
79 4 1
JSW Holdings Limited 47.4B 87 64 61
Buy
79
79 5 1
Bengal & Assam Company Limited 42.6B 81 69 80
Buy
80
80 6 1
ICRA Limited 42.4B 73 51 66
Hold
64
64 7 1
Authum Investment & Infrastructure Limited 40.9B 57 72 66
Hold
63
63 8 1
Share India Securities Limited 38.9B 82 76 66
Buy
81
81 9 1
Dhani Services Limited 29.2B 65 62 74
Hold
64
64 10 1
Choice International Limited 26.6B 66 74 66
Hold
70
70 11 1
HDFC Asset Management Company Limited 466.5B 79 66 71
Hold
77
77 12 1
CRISIL Limited 213.7B 76 82 72
Buy
81
81 13 1
ICICI Securities Limited 170.3B 90 59 49
Hold
76
76 14 1
Nippon Life India Asset Management Limited 169.0B 77 68 76
Hold
77
77 15 1
IIFL Wealth Management Limited 162.6B 59 89 50
Hold
69
69 16 1
Central Depository Services (India) Limited 129.4B 79 81 55
Buy
83
83 17 1
Aditya Birla Sun Life AMC Limited 125.0B 86 60 73
Buy
79
79 18 1
Motilal Oswal Financial Services Limited 98.0B 86 75 81
Strong Buy
89
89 19 1
Multi Commodity Exchange of India Limited 79.7B 70 48 76
Hold
62
62 20 1
BSE Limited 78.2B 79 71 83
Buy
83
83 21 1
Edelweiss Financial Services Limited 60.0B 81 65 86
Hold
76
76 22 1
Prudent Corporate Advisory Services Limited 36.8B 89 69 52
Buy
79
79 23 1
IIFL Securities Limited 21.1B 84 70 74
Buy
83
83 24 1
CARE Ratings Limited 16.3B 71 67 76
Hold
71
71 25 1

Macro Environment

Positive
80

Typically, the stock market in India will react to recent economic events, as well as be influenced by the sentiment in other major economies around the world, such as the United States, European Union, and China. Our assessment is that these two events may influence global market sentiment. On the negative side we have the tensions between taiwan and china, and on the positive side we have the end of COVID-19 pandemic.

Positive end of COVID-19 pandemic

The World Health Organization issued six policy briefs outlining essential steps governments could take to stop the pandemic. The briefings, which are based on evidence and experience from the previous 32 months, provide guidance on how to save lives, protect health systems, and minimize social and economic disruption.

Negative tensions between taiwan and china

The tensions between Taiwan and China have spiked following Nancy Pelosi's visit to Taipei. China staged war games near Taiwan to express its anger at what it saw as stepped-up U.S. support for the island Beijing views as sovereign Chinese territory. Because Taiwan produces the majority of the world's semiconductors, which are used in every electronic device today, a war between China and Taiwan might be catastrophic for the global economy.

Besides the events we mentioned, there are also specific events related to the Diversified Financials industry of which Tata Investment Corporation Limited is a part. As a result, we believe that the rising interest rate is a positive event that will continue to support the industry in the future, whereas the rising inflation may cloud the sector's shares.

Positive rising interest rate

From a historical point of view, the finance sector functions well when interest rates are rising, mainly due to the increase in loan repayments from lenders. Also, insurers often reinvest policyholder premiums into bond instruments, allowing them to profit when Treasury yields increase.

Negative rising inflation

The sudden increase in inflation is generally regarded as the most painful since it takes companies several quarters to pass on higher input costs to consumers. Historically, companies traded in the Diversified Financials industry have been hit by high inflation times due to increased operating expenses and decreased revenues.

In our analysis of the current macro environment, as well as the potential risks that could specifically affect Tata Investment Corporation Limited stock, we concluded that sentiment was largely positive and may lead to short-term price increases. Therefore, we rated the macro environment Tata Investment Corporation Limited with a score of 80.

Technical Analysis

When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. Tata's stock is now priced above its 200-day, but below its 5-day and 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is strengthening. Historically, this is a positive setup in the long-term. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), Tata's stock appears overbought. Overall, these technical indicators signal negative momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 57.

Bearish 57
Close Price 2348.45
52W Low 1231.35
52W High 2763.9
5D MA 2371.85
50D MA 2383.88
200D MA 1699.34
MACD 6.37
RSI 89.24
STOCH 13.66

Balance Sheet Analysis

Overall, Tata's critical balance sheet metrics appear to signal strong support and a high likelihood of positive growth going forward. Tata has done an excellent job managing its liabilities. Tata's liabilities stood at 13.1B in the current filing, which represents a 103.3% change from the previous report. These liabilities changes appear balanced compared to their peers and project the message that management is capable and focused on balancing asset growth, resource allocation, and growing liabilities. Therefore, we rated their liabilities movement with a score of 93. Also, Tata publishes solid book value factor metrics in this report. Price to book ratio (P/B) now sits at 0.3 and represents a -5.3% change from the previous report. These book value factor numbers show that management has been prudent in focusing on efficient growth. We believe the stock price has room to grow to reflect its intrinsic value accurately. Consequently, their book value factors movement received a grade of 88. However, one discouraging result, Assets, stood out. Mediocre performance in terms of assets could drop the bar on expectations for Tata's future attractiveness, as they changed to 209.9B in the latest filing. This works out to a 41.0% change from the last period. Tata's unremarkable asset growth results, specifically compared to their industry peers' performance, should present negative pressure on Tata's stock price. Consequently, their asset movement received a grade of 44. Therefore, we scored its balance sheet a 90.

Parameter Value Change Score
Assets 209.9B 41.0% 44
Liabilities 13.1B 103.3% 93
Price to Book 0.3 -5.3% 88
Cash & Equivalents 103.3M 56.8% 79
Equity 196.8B 38.2% 66
* All values are TTM

The below chart describes Tata's performance as reflected on its balance sheet with respect to its peers. While Tata received a balance sheet score of 90, the average of its peers stands on 72.

  •  501301
  •  Peers average
Name Market Cap Liabilities Movement Asset Change Equity/Intangibles Adjustments Cash & Equivalents Book Value Momentum Balance Sheet mc_sort Hidden
Angel One Limited 133.3B 93.0 48.0 39.0 69.0 96.0 88 0 1
Indian Energy Exchange Limited 132.4B 95.0 40.0 88.0 81.0 89.0 94 1 1
IDFC Limited 131.1B 82.0 62.0 64.0 65.0 69.0 74 2 1
UTI Asset Management Company Limited 99.2B 39.0 86.0 78.0 50.0 73.0 67 3 1
JM Financial Limited 71.1B 76.0 58.0 52.0 79.0 79.0 77 4 1
JSW Holdings Limited 47.4B 95.0 44.0 65.0 48.0 90.0 87 5 1
Bengal & Assam Company Limited 42.6B 55.0 56.0 68.0 53.0 90.0 81 6 1
ICRA Limited 42.4B 62.0 69.0 81.0 67.0 68.0 73 7 1
Authum Investment & Infrastructure Limited 40.9B 57.0 78.0 64.0 61.0 57.0 57 8 1
Share India Securities Limited 38.9B 52.0 46.0 83.0 89.0 90.0 82 9 1
Dhani Services Limited 29.2B 67.0 65.0 76.0 66.0 60.0 65 10 1
Choice International Limited 26.6B 58.0 74.0 71.0 68.0 65.0 66 11 1
HDFC Asset Management Company Limited 466.5B 75.0 53.0 51.0 74.0 83.0 79 12 1
CRISIL Limited 213.7B 65.0 55.0 49.0 71.0 86.0 76 13 1
ICICI Securities Limited 170.3B 93.0 43.0 49.0 95.0 88.0 90 14 1
Nippon Life India Asset Management Limited 169.0B 74.0 56.0 47.0 86.0 79.0 77 15 1
IIFL Wealth Management Limited 162.6B 45.0 88.0 63.0 41.0 68.0 59 16 1
Central Depository Services (India) Limited 129.4B 78.0 52.0 73.0 83.0 78.0 79 17 1
Aditya Birla Sun Life AMC Limited 125.0B 43.0 51.0 94.0 91.0 91.0 86 18 1
Motilal Oswal Financial Services Limited 98.0B 85.0 53.0 48.0 80.0 88.0 86 19 1
Multi Commodity Exchange of India Limited 79.7B 85.0 75.0 73.0 41.0 61.0 70 20 1
BSE Limited 78.2B 87.0 56.0 90.0 76.0 70.0 79 21 1
Edelweiss Financial Services Limited 60.0B 49.0 59.0 73.0 59.0 79.0 81 22 1
Prudent Corporate Advisory Services Limited 36.8B 86.0 52.0 82.0 75.0 88.0 89 23 1
IIFL Securities Limited 21.1B 91.0 41.0 48.0 89.0 83.0 84 24 1
CARE Ratings Limited 16.3B 44.0 58.0 50.0 63.0 84.0 71 25 1

Income Statement Analysis

Taking a comprehensive view of Tata's income statement statement, especially relative to their peers, Tata looks likely to be able to maintain modest momentum. Tata's management did a remarkable job this period managing its EBITDA. In terms of the raw numbers, EBITDA was reported as 2.3B, which represents a 59.5% change from the last period. Companies in the same industry and market capitalization are typically affected by this parameter by up to 6.6%. The company is headed in the right direction regarding EBITDA, exhibiting efficient capital controls and strong overall financial performance. The company's EBITDA movement, therefore, received a grade of 69. On the other hand, Revenue Efficiency, jumped out as looking problematic. Tata's revenue efficiency metrics look especially concerning this period, highlighting issues management is having controlling and reducing expenses while increasing earnings. This metric might have a 2.9 percent impact on companies in the same industry and with the same market capitalization. Their revenue efficiency does not make a compelling case for upward pressure on the company's stock price. Its revenue efficiency, therefore, received a grade of 41. Consequently, their income statement earned a rank of 61.

Parameter Value Change Score
EBITDA 2.3B 59.5% 69
Total Revenues 2.5B 55.6% 41
Return on Equity 1.3 -8.8% 58
* All values are TTM

The below chart describes Tata's performance as reflected on its income statement with respect to its peers. While Tata received a income statement score of 61 , the average of its peers stands on 71.

  •  501301
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Return Factors Momentum Income Statement mc_sort Hidden
Angel One Limited 133.3B 46.0 73.0 70.0 69 0 1
Indian Energy Exchange Limited 132.4B 50.0 87.0 66.0 77 1 1
IDFC Limited 131.1B 49.0 68.0 47.0 48 2 1
UTI Asset Management Company Limited 99.2B 81.0 50.0 58.0 60 3 1
JM Financial Limited 71.1B 48.0 68.0 77.0 69 4 1
JSW Holdings Limited 47.4B 47.0 75.0 53.0 64 5 1
Bengal & Assam Company Limited 42.6B 69.0 61.0 78.0 69 6 1
ICRA Limited 42.4B 87.0 57.0 50.0 51 7 1
Authum Investment & Infrastructure Limited 40.9B 81.0 77.0 66.0 72 8 1
Share India Securities Limited 38.9B 45.0 68.0 83.0 76 9 1
Dhani Services Limited 29.2B 58.0 61.0 63.0 62 10 1
Choice International Limited 26.6B 73.0 68.0 70.0 74 11 1
HDFC Asset Management Company Limited 466.5B 57.0 75.0 57.0 66 12 1
CRISIL Limited 213.7B 58.0 86.0 77.0 82 13 1
ICICI Securities Limited 170.3B 50.0 63.0 56.0 59 14 1
Nippon Life India Asset Management Limited 169.0B 59.0 75.0 59.0 68 15 1
IIFL Wealth Management Limited 162.6B 68.0 87.0 83.0 89 16 1
Central Depository Services (India) Limited 129.4B 47.0 86.0 79.0 81 17 1
Aditya Birla Sun Life AMC Limited 125.0B 81.0 52.0 57.0 60 18 1
Motilal Oswal Financial Services Limited 98.0B 43.0 68.0 93.0 75 19 1
Multi Commodity Exchange of India Limited 79.7B 45.0 65.0 50.0 48 20 1
BSE Limited 78.2B 59.0 69.0 78.0 71 21 1
Edelweiss Financial Services Limited 60.0B 83.0 70.0 62.0 65 22 1
Prudent Corporate Advisory Services Limited 36.8B 48.0 68.0 70.0 69 23 1
IIFL Securities Limited 21.1B 41.0 67.0 81.0 70 24 1
CARE Ratings Limited 16.3B 61.0 71.0 62.0 67 25 1

Cash Flow Analysis

Overall, Tata's critical cash flow metrics appear to signal strong support and a high likelihood of positive growth going forward. Tata is doing a remarkable job of keeping its asset turnover under control. At filing, their asset turnover metrics were 0.0, representing a 0.0% change from the previous period. This metric might have a 3.4 percent impact on companies in the same industry and with the same market capitalization. Their impressive asset turnover metrics, specifically in contrast to their industry peers' performance, should support a tailwind in the company's stock price. Correspondingly, their asset turnover movement received a grade of 88. Also, Tata's management did a great job this period managing its capital expenditure (CapEx). In terms of the raw numbers, CapEx was reported as -1.4M, which represents a 24.9% change from the last period. This performance is all the more impressive relative to their peers and competitors. Consequently, their CapEx movement received a grade of 84. That said, one metric, Free Cash flow, stood out as strongly negative. Tata's published free cash flow numbers were subpar and could mean that management has lost focus on achieving healthy growth. Tata recorded free cash flow of 24.2, which represents 42.8% growth from the previous report. Companies in the same sector and market capitalization will usually be affected by up to 5.2 percent by this parameter. These free cash flow numbers show that management has not been executing well in generating critical cash flow while also encouraging growth. Its free cash flow movement, therefore, received a grade of 58. Their cash flow, therefore, earned a score of 86.

Parameter Value Change Score
Net Cashflow 37.4M 220.9% 78
Capital Expenditure -1.4M 24.9% 84
Asset Turnover 0.0 0.0% 88
Free Cashflow Per Share 24.2 42.8% 58
* All values are TTM

The below chart describes Tata's performance as reflected on its cash flow with respect to its peers. While Tata received a cash flow score of 86, the average of its peers stands on 62.

  •  501301
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Capital Expenditure Growth Assets Factors Momentum Cash Flow mc_sort Hidden
Angel One Limited 133.3B 62.0 74.0 72.0 88.0 76 0 1
Indian Energy Exchange Limited 132.4B 75.0 46.0 93.0 88.0 80 1 1
IDFC Limited 131.1B 59.0 76.0 82.0 43.0 68 2 1
UTI Asset Management Company Limited 99.2B 87.0 52.0 49.0 80.0 71 3 1
JM Financial Limited 71.1B 69.0 68.0 69.0 88.0 78 4 1
JSW Holdings Limited 47.4B 72.0 62.0 59.0 46.0 61 5 1
Bengal & Assam Company Limited 42.6B 61.0 77.0 59.0 85.0 80 6 1
ICRA Limited 42.4B 65.0 71.0 64.0 49.0 66 7 1
Authum Investment & Infrastructure Limited 40.9B 63.0 71.0 69.0 65.0 66 8 1
Share India Securities Limited 38.9B 61.0 91.0 71.0 59.0 66 9 1
Dhani Services Limited 29.2B 65.0 72.0 72.0 70.0 74 10 1
Choice International Limited 26.6B 69.0 67.0 71.0 64.0 66 11 1
HDFC Asset Management Company Limited 466.5B 74.0 61.0 81.0 49.0 71 12 1
CRISIL Limited 213.7B 61.0 78.0 92.0 55.0 72 13 1
ICICI Securities Limited 170.3B 52.0 84.0 48.0 46.0 49 14 1
Nippon Life India Asset Management Limited 169.0B 78.0 59.0 89.0 50.0 76 15 1
IIFL Wealth Management Limited 162.6B 64.0 67.0 43.0 47.0 50 16 1
Central Depository Services (India) Limited 129.4B 72.0 50.0 43.0 45.0 55 17 1
Aditya Birla Sun Life AMC Limited 125.0B 73.0 83.0 53.0 89.0 73 18 1
Motilal Oswal Financial Services Limited 98.0B 68.0 63.0 81.0 93.0 81 19 1
Multi Commodity Exchange of India Limited 79.7B 88.0 47.0 72.0 46.0 76 20 1
BSE Limited 78.2B 77.0 54.0 81.0 89.0 83 21 1
Edelweiss Financial Services Limited 60.0B 81.0 53.0 71.0 87.0 86 22 1
Prudent Corporate Advisory Services Limited 36.8B 49.0 85.0 58.0 60.0 52 23 1
IIFL Securities Limited 21.1B 82.0 38.0 92.0 52.0 74 24 1
CARE Ratings Limited 16.3B 68.0 66.0 82.0 87.0 76 25 1

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