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TATACAP - Tata Capital

📊 NSE: TATACAP 🏢 Non Banking Financial Company (NBFC) 📅 Last Updated: 11/13/2025 15:25

📢 Recent Corporate Announcements

Tata Capital to Meet Institutional Investors on March 18, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 13 Mar 2026, 10:42 PM

Tata Capital Limited has announced a scheduled interaction with a group of institutional investors on March 18, 2026. The meeting will be conducted virtually from Mumbai as part of the company's regular investor outreach. The company has explicitly stated that no unpublished price sensitive information (UPSI) will be shared during the session. This disclosure is made in compliance with Regulation 30 of the SEBI (LODR) Regulations, 2015.

Meeting with institutional investors scheduled for March 18, 2026
The interaction will be conducted via virtual mode from Mumbai
No unpublished price sensitive information (UPSI) to be shared or discussed
Compliance filing under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements)

💡 Investors should monitor for any post-meeting transcripts or presentations that may be uploaded to the exchanges for insights into management's outlook. No immediate portfolio action is required based on this routine disclosure.

Tata Capital Infuses Rs 650 Crore into Housing Finance Subsidiary via Rights Issue

🟢 POSITIVE ⭐ 7/10

EXPANSION 📅 09 Mar 2026, 03:39 PM

Tata Capital Limited (TCL) has infused Rs 650.02 crore into its wholly-owned subsidiary, Tata Capital Housing Finance Limited (TCHFL). The investment was executed through the subscription of 1,29,48,615 equity shares on a rights basis. This capital infusion is specifically aimed at supporting TCHFL's loan book growth and maintaining healthy capital adequacy and debt-to-equity ratios. Following this allotment, TCHFL continues to be a 100% subsidiary of TCL with no change in the ownership structure.

Total capital infusion of Rs 6,50,02,04,730 into the housing finance subsidiary.
Allotment of 1,29,48,615 equity shares at a face value of Rs 10 each.
Funds intended to support book growth and maintain regulatory capital adequacy ratios.
TCHFL remains a 100% wholly-owned subsidiary of Tata Capital Limited post-allotment.

💡 Investors should view this as a positive sign of the parent company's commitment to scaling its housing finance business. Monitor the subsidiary's loan book growth and asset quality in subsequent financial disclosures.

Tata Capital Raises Rs 343 Crore via Private Placement of Secured NCDs

🟢 POSITIVE ⭐ 7/10

FUNDRAISE 📅 04 Mar 2026, 02:51 PM

Tata Capital Limited has successfully allotted 34,300 secured, redeemable non-convertible debentures (NCDs) on a private placement basis, raising a total of Rs 343 crore. The issuance consists of re-issued securities with XIRR rates of approximately 7.66% and 7.6596%. These instruments carry the highest credit rating of AAA/Stable from both CRISIL and ICRA, indicating strong safety. The NCDs have a long-term maturity profile, with the final redemption scheduled for February 08, 2034.

Total allotment of 34,300 secured NCDs with an issue size of Rs 343 crore
Competitive borrowing costs with XIRR rates of 7.66% and 7.6596% for the re-issued series
Long-term capital secured with a maturity date of February 08, 2034, and a residual tenor of 2,898 days
Maintained top-tier credit ratings of AAA/Stable from CRISIL and ICRA
Secured by a pari-passu charge on the company's receivables and book debts with 1.0x cover

💡 This fundraise highlights Tata Capital's ability to access long-term debt markets at competitive rates, reinforcing its strong balance sheet. Investors should view this as a routine but positive liquidity management step for a high-quality NBFC.

Tata Capital to Infuse Rs 650 Crore into Housing Finance Subsidiary via Rights Issue

🟢 POSITIVE ⭐ 7/10

FUNDRAISE 📅 25 Feb 2026, 03:12 PM

Tata Capital Limited (TCL) has announced that its wholly-owned subsidiary, Tata Capital Housing Finance Limited (TCHFL), will issue equity shares on a rights basis. The total aggregate amount for this issuance is approximately Rs 650.02 crore. TCL, as the parent company, will subscribe to these shares in one or more tranches. This move is aimed at strengthening the capital base of the housing finance arm to support its growth and lending activities.

TCHFL Board approved equity issuance aggregating to Rs 650,02,04,730 on a rights basis.
The shares will be issued at a face value of Rs 10 each to the parent company, Tata Capital Limited.
The capital infusion is expected to be completed in one or more tranches.
TCHFL is a 100% subsidiary, and this move reinforces the parent's commitment to the housing finance segment.

💡 This indicates strong parent support and growth intent for the housing finance business. Investors should maintain a positive outlook on the company's long-term credit and expansion capabilities.

Tata Capital Healthcare Fund III Becomes Subsidiary Following First Close

🟢 POSITIVE ⭐ 7/10

M&A 📅 20 Feb 2026, 06:49 PM

Tata Capital Limited (TCL) has announced that Tata Capital Healthcare Fund III (TCHF III) and its Singapore-based General Partner LLP have become subsidiaries effective February 20, 2026. This transition occurred following the declaration of the fund's first close, marking the launch of the third fund under the company's healthcare private equity strategy. TCHF III is a SEBI-registered Category II Alternative Investment Fund focused on growth-oriented investments in India's healthcare and life sciences sectors. While current turnover for these entities is nil, the move strengthens Tata Capital's private equity business and asset management footprint.

TCHF III declared its first close on February 20, 2026, triggering subsidiary status under Tata Capital Limited
Tata Capital Healthcare III General Partners LLP (Singapore) is now a 100% subsidiary of Tata Capital Pte. Ltd
The new fund is a Category II AIF targeting growth-stage private equity in the healthcare and life sciences sectors
The acquisition aligns with TCL's strategy to expand its private equity and asset management business segments

💡 Investors should view this as a positive expansion of Tata Capital's fee-based asset management business. Monitor the fund's future capital commitments and deployment as it contributes to the company's long-term non-interest income.

Tata Capital Schedules Institutional Investor Meetings for February 18, 23, and 25

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 12 Feb 2026, 11:46 AM

Tata Capital Limited has announced a schedule of meetings with institutional investors and analysts set for February 2026. The meetings are scheduled for February 18, 23, and 25, with the first session being a physical meeting held in Mumbai. The company has clarified that no unpublished price sensitive information (UPSI) will be shared during these interactions. This disclosure is part of the company's standard investor relations and regulatory compliance under SEBI LODR regulations.

Meetings scheduled with institutional investors on February 18, 23, and 25, 2026
Physical meeting with a group of investors to be held in Mumbai on February 18
Company confirms no unpublished price sensitive information (UPSI) will be disclosed
Disclosure made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations

💡 Investors should monitor the exchange filings for any investor presentations or transcripts that may be released following these meetings. No immediate action is required as this is a routine corporate engagement.

Tata Capital Raises Rs 1,250 Crore via Private Placement of NCDs at 7.95% Coupon

🟢 POSITIVE ⭐ 7/10

FUNDRAISE 📅 10 Feb 2026, 04:32 PM

Tata Capital Limited has successfully allotted 12,500 Secured Redeemable Non-Convertible Debentures (NCDs) to raise Rs 1,250 crore. The securities were issued on a private placement basis with a competitive coupon rate of 7.95% per annum. These NCDs have a residual tenor of 728 days and are scheduled for bullet redemption on February 8, 2028. The issue is backed by top-tier credit ratings of AAA/Stable from both CRISIL and ICRA, indicating high safety and low credit risk.

Total fundraise of Rs 1,250 crore through the allotment of 12,500 NCDs
Fixed coupon rate of 7.95% p.a. with annual interest payment dates
Highest credit ratings of CRISIL AAA/Stable and ICRA AAA/Stable assigned
Secured by pari-passu charge on receivables and book debts with 1.0x cover
Bullet repayment scheduled for maturity on February 8, 2028

💡 This fundraise strengthens the company's liquidity position for its lending business at a competitive cost of capital. Investors should take this as a sign of continued institutional confidence and financial stability in the Tata Group's financial services arm.

Tata Capital to Meet Institutional Investors on February 9, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 30 Jan 2026, 05:14 PM

Tata Capital Limited has scheduled a physical meeting with a group of institutional investors on February 9, 2026, in Mumbai. This disclosure is a routine compliance requirement under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has explicitly stated that no unpublished price sensitive information (UPSI) will be shared during this interaction. Such meetings are standard for listed entities to maintain transparency and engage with the professional investment community.

Physical meeting with institutional investors scheduled for February 9, 2026.
The meeting will take place in Mumbai as per the regulatory filing.
Compliance with Regulation 30 of SEBI (LODR) Regulations, 2015.
Company confirmed that no unpublished price sensitive information (UPSI) will be discussed.

💡 No immediate action is required as this is a routine corporate event. Investors may monitor the stock exchange for any investor presentations or transcripts released after the meeting.

Tata Capital Q3 FY26 PAT Rises 39% YoY to ₹1,285 Cr; AUM Grows 26% to ₹2.34 Lakh Cr

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 23 Jan 2026, 07:12 PM

Tata Capital reported a strong Q3 FY26 with consolidated AUM reaching ₹2.61 lakh crores, driven by robust retail and SME demand. Excluding the Motor Finance merger impact, PAT grew 39% YoY to ₹1,285 crores, supported by a 26% growth in AUM and improving asset quality. The company benefited from a 14 bps reduction in cost of funds and maintained a stable Net NPA of 0.6%. Management remains optimistic about achieving 18-20% AUM growth for the full year while expanding the high-yield unsecured retail segment.

AUM (excluding Motor Finance) grew 26% YoY to ₹2.34 lakh crores, with retail and SME segments comprising 87% of total AUM.
Net Profit After Tax (excluding Motor Finance) increased 39% YoY to ₹1,285 crores, with RoA improving to 2.3%.
Asset quality remained stable with Net NPA at 0.6% and credit costs declining 10 bps QoQ to 1.0%.
Cost of funds decreased by 14 bps to 7.2%, while NIM improved to 6.6% aided by IPO proceeds and lower borrowing costs.
Capital adequacy remains strong at 20.3% with a significantly reduced debt-to-equity ratio of 5.1x.

💡 Investors should view the strong AUM growth and improving margins as a positive sign of execution post-merger. The focus on high-yield unsecured retail and declining credit costs suggests a healthy trajectory for return ratios.

Tata Capital Releases Q3 FY26 Earnings Conference Call Audio Recording

🟡 NEUTRAL ⭐ 4/10

EARNINGS 📅 19 Jan 2026, 09:58 PM

Tata Capital Limited has made the audio recording of its earnings conference call available to the public following the announcement of its Q3 and nine-month results for the period ended December 31, 2025. The call, held on January 19, 2026, covered the unaudited standalone and consolidated financial performance of the company. This disclosure is a routine regulatory requirement under SEBI LODR Regulations to ensure transparency for shareholders. Investors can access the recording via the company's official website to hear management's detailed commentary on business operations.

Audio recording of the earnings call held on January 19, 2026, is now live.
Covers financial results for the quarter and nine months ended December 31, 2025.
Complies with SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations 30 and 46.
Recording is accessible through the Tata Capital investor information portal.

💡 Investors should review the audio recording to gain insights into management's outlook on credit growth, margins, and asset quality. This is particularly useful for understanding the qualitative factors behind the Q3 FY26 financial numbers.

Tata Capital Q3 FY26 Net Profit Rises 10% to ₹790 Crore; Capital Adequacy Strengthens to 20.26%

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 19 Jan 2026, 05:01 PM

Tata Capital Limited reported a steady performance for Q3 FY26 with a standalone net profit of ₹789.86 crore, a 10% increase from ₹718.76 crore in the same period last year. Total revenue from operations grew by 7.7% YoY to ₹5,783.28 crore. While asset quality saw a slight dip with Gross NPA rising to 2.90% from 2.29% YoY, the company's Capital Adequacy Ratio improved significantly to 20.26%. The company also reported nil deviation in the utilization of proceeds from its IPO and NCD issuances.

Standalone Net Profit for Q3 FY26 grew 10% YoY to ₹789.86 crore.
Total Revenue from operations increased to ₹5,783.28 crore from ₹5,367.74 crore in Q3 FY25.
Capital Adequacy Ratio (CAR) improved to 20.26% compared to 16.26% in the previous year.
Gross NPA stood at 2.90% and Net NPA at 1.37%, showing a slight uptick in bad loans YoY.
Net Worth reached ₹37,359.37 crore as of December 31, 2025, following the Tata Motors Finance merger.

💡 Investors should focus on the company's improving capital base and revenue growth post-merger with Tata Motors Finance. While there is a slight increase in NPAs, the strong capital adequacy provides a significant buffer for future expansion.

Tata Capital Q3FY26: PAT Jumps 39% YoY to ₹1,285 Cr; Net AUM Reaches ₹2.6 Lakh Cr

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 19 Jan 2026, 04:46 PM

Tata Capital reported a robust performance for Q3FY26, with Profit After Tax (excluding Motor Finance) growing 39% YoY to ₹1,285 crore. The total Net AUM, including the recently merged Motor Finance business, reached ₹2,60,698 crore, marking a 7% QoQ increase. Asset quality remained stable with GNPA at 1.6% for the core business, while the consolidated cost of funds improved by 23bps to 7.2%. The company maintains a diversified, retail-heavy book with Retail and SME segments constituting 87% of the total AUM.

Net AUM grew 26% YoY to ₹2,34,114 Cr (excluding Motor Finance) and reached ₹2,60,698 Cr on a consolidated basis.
Profit After Tax (PAT) surged 39% YoY to ₹1,285 Cr with an improved Return on Assets (ROA) of 2.3%.
Asset quality remains strong with GNPA at 1.6% and NNPA at 0.6% for the core lending business.
Consolidated cost of funds declined by 23bps QoQ to 7.2%, reflecting efficient liability management.
Retail and SME segments now represent 87% of the total portfolio, with unsecured retail loans at a controlled 10.4%.

💡 Investors should take note of the strong double-digit growth in AUM and PAT alongside improving ROA and ROE metrics. The successful integration of the Motor Finance business and stable asset quality suggest a positive outlook for this Tata Group NBFC.

Tata Capital Q3FY26: Consolidated PAT Up 18% QoQ to ₹1,290 Cr; Motor Finance Hits Breakeven

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 19 Jan 2026, 04:42 PM

Tata Capital reported a strong Q3FY26 with consolidated Assets Under Management (AUM) growing 7% QoQ to ₹2,60,698 crore. Consolidated PAT (excluding non-recurring items) rose 18% QoQ to ₹1,290 crore, significantly supported by the Motor Finance segment reaching profitability breakeven. The core business, excluding Motor Finance, showed robust momentum with 26% YoY AUM growth and 39% YoY PAT growth. Asset quality remains manageable with a consolidated Net Stage 3 ratio of 1.0% and a high capital adequacy of 20.3%.

Consolidated AUM reached ₹2,60,698 crore, up 7% QoQ, with Retail and SME making up 87% of the portfolio.
Consolidated PAT (excl. non-recurring items) grew 18% QoQ to ₹1,290 crore as Motor Finance achieved breakeven.
Excluding Motor Finance, PAT surged 39% YoY to ₹1,285 crore with a healthy ROA of 2.3%.
Housing Finance subsidiary (TCHFL) reported 30% YoY AUM growth to ₹81,585 crore and 25% YoY PAT growth.
Capital Adequacy Ratio remains strong at 20.3% with a Pan-India network of 1,505 branches.

💡 The results demonstrate strong execution in core segments and a successful integration/turnaround of the Motor Finance business. Investors should monitor the continued stabilization of asset quality in the Motor Finance book and the scaling of the high-growth housing finance segment.

Tata Capital Q3 PAT Rises 10% YoY to ₹790 Crore; Revenue Hits ₹5,783 Crore

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 19 Jan 2026, 04:34 PM

Tata Capital reported a steady performance for Q3 FY26 with standalone Profit After Tax (PAT) growing 9.9% YoY to ₹789.86 crore. Total revenue from operations increased to ₹5,783.28 crore, supported by the successful integration of Tata Motors Finance Limited. While profitability remains healthy, asset quality saw a slight decline with Gross NPA rising to 2.90% from 2.29% YoY. The company's capital position remains strong with a Capital Adequacy Ratio of 20.26% and a net worth of ₹37,359 crore.

Standalone Profit After Tax (PAT) increased to ₹789.86 crore in Q3 FY26 from ₹718.76 crore in Q3 FY25.
Total Revenue from operations grew to ₹5,783.28 crore compared to ₹5,367.74 crore in the previous year's corresponding quarter.
Gross NPA stood at 2.90% and Net NPA at 1.37%, reflecting a year-on-year increase in stressed assets.
Capital Adequacy Ratio (CAR) remains robust at 20.26% as of December 31, 2025.
Net worth significantly strengthened to ₹37,359.37 crore following the amalgamation of Tata Motors Finance Limited.

💡 Investors should focus on the company's ability to manage asset quality post-merger, as NPAs have shown an upward trend. The strong capital adequacy and backing of the Tata Group continue to make it a stable long-term financial play.

Tata Capital Announces Name Change of Joint Statutory Auditor to M S K A & Associates LLP

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 15 Jan 2026, 02:39 PM

Tata Capital Limited has informed the stock exchanges about a change in the legal structure of its Joint Statutory Auditor, M/s. M S K A & Associates. The auditing firm has converted from a traditional partnership firm into a Limited Liability Partnership (LLP) effective January 13, 2026. This transition is a routine administrative update and does not represent a change in the actual auditing personnel or firm. The new entity will be known as M S K A & Associates LLP with an updated ICAI registration number.

Joint Statutory Auditor M/s. M S K A & Associates converted to an LLP effective January 13, 2026
The firm is now officially registered as M S K A & Associates LLP, Chartered Accountants
The updated ICAI Firm Registration Number is 105047W/W101187
Disclosure made in compliance with Regulations 30 and 51 of SEBI Listing Regulations

💡 This is a routine administrative filing with no impact on company operations or financials; no action is required from investors.

View All TATACAP Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Consolidated Total Income (net of interest) grew 54.6% YoY to INR 13,340 Cr in FY25 from INR 8,630 Cr in FY24. Standalone AUM for the core lending business grew 22% YoY to USD 24bn in Q2 FY26 (excluding Motor Finance).

Geographic Revenue Split

Not disclosed in available documents. The company operates through 1,479 branches across India as of September 2025.

Profitability Margins

Consolidated Profit After Tax (PAT) grew 9.8% to INR 3,655 Cr in FY25. Return on Average Assets (RoA) was 1.7% in FY25, compared to 2.1% in FY24. Return on Average Equity (daily average) was 12.6% in FY25.

EBITDA Margin

Pre-provisioning operating profit (PPOP) was USD 861mn in FY25. Cost to income ratio stood at 41.6% in FY25, increasing from 38.3% in H1 FY25 due to the merger with Tata Motors Finance.

Capital Expenditure

Cumulative capital infusion from Tata Sons reached USD 1,417mn by H1 FY26. Shareholders infused INR 1,600 Cr in March 2025 to support growth plans.

Credit Rating & Borrowing

Domestic credit rating is AAA/Stable by CRISIL, ICRA, and CARE. International ratings include BBB (S&P) and BBB- (Fitch). Borrowing mix as of Dec 2024: NCDs (39%), Term Loans (36%), ECBs (10%), and Commercial Paper (6%).

⚙️ Operational Drivers

Raw Materials

Capital and Debt (Cost of Funds) represent the primary input cost for the financial services business.

Import Sources

External Commercial Borrowings (ECB) represent 10% of the borrowing mix, sourced from international markets.

Key Suppliers

Lenders include a diverse base of banks and institutional investors in Non-Convertible Debentures (NCDs).

Capacity Expansion

Current physical network consists of 1,479 branches as of September 2025. The company is expanding through a 'Phygital' model combining digital capabilities with physical expansion.

Raw Material Costs

Finance costs were USD 1,708mn in FY25. The company leverages its Tata Group association to mobilize debt at competitive costs.

Manufacturing Efficiency

Operating expenses as a percentage of average net loan book were 2.6% in FY25. Cost to income ratio was 36.8% in Q2 FY25.

Logistics & Distribution

Distribution of mutual funds, insurance, and credit cards is managed through 100% owned subsidiary Tata Securities Ltd.

📈 Strategic Growth

Expected Growth Rate

22%

Growth Strategy

Growth will be achieved through the integration of Tata Motors Finance (effective May 2025), leveraging the Tata ecosystem (70+ group companies), and focusing on Retail and SME segments which already form 88% of the book. The company is also scaling its Wealth Management business (USD 829mn AUM, 26% CAGR) and Private Equity (USD 887mn raised).

Products & Services

Retail loans, SME finance, housing finance, commercial vehicle financing, wealth management, private equity funds, and distribution of insurance and mutual funds.

Brand Portfolio

Tata Capital, Tata Securities, Tata Capital Housing Finance (TCHFL).

New Products/Services

Expansion into captive financing for Tata Motors and deeper penetration into the 7.7mn+ existing customer base with insurance and credit card cross-selling.

Market Expansion

Targeting pan-India growth through 1,479 branches and digital platforms to capture the 'India opportunity'.

Market Share & Ranking

Amongst the largest diversified NBFCs in India. Tata AIA Life has ~10% market share; Tata AIG General Insurance has ~5.8% market share.

Strategic Alliances

Merger with Tata Motors Finance Limited (TMFL) completed in May 2025 to unlock captive financing synergies.

🌍 External Factors

Industry Trends

The NBFC sector is evolving with tighter 'Upper Layer' regulations. Tata Capital is positioned as an Upper Layer NBFC with a focus on digitalization and physical expansion to capture credit demand in Retail and SME sectors growing at 20%+ YoY.

Competitive Landscape

Competes with large private banks and other systemically important NBFCs in the retail, SME, and housing finance segments.

Competitive Moat

Sustainable moat derived from the 'Tata' brand name, 78.8% ownership by Tata Sons, and deep integration with the Tata ecosystem providing access to 1,000+ dealers and 70+ group companies for captive lending.

Macro Economic Sensitivity

Highly sensitive to Indian GDP growth and domestic consumption trends, as the group focus is on domestic consumption as a key growth theme.

Consumer Behavior

Shift toward digital lending and phygital service models in the Indian financial services market.

Geopolitical Risks

Minimal direct impact as operations are primarily domestic, though international ratings (BBB/BBB-) are influenced by India's sovereign rating.

⚖️ Regulatory & Governance

Industry Regulations

Regulated as a Systemically Important Non-Deposit taking Core Investment Company (CIC) and an Upper Layer NBFC by the Reserve Bank of India (RBI).

Taxation Policy Impact

Effective tax rate is consistent with Indian corporate tax norms; PAT of INR 3,655 Cr is reported after tax provisions.

⚠️ Risk Analysis

Key Uncertainties

Integration risk of Tata Motors Finance (TMFL) which has a weaker asset quality profile (GSIII rose to 2.3% standalone post-merger). Potential for sharp deterioration in asset quality if Gross NPA exceeds 6%.