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Tata Group's financial-services arm offering consumer, SME, commercial and infrastructure loans.
Tata Group's financial-services arm offering consumer, SME, commercial and infrastructure loans.
Earns the spread between what it pays to borrow and what it charges on loans, plus fees on wealth products. As a non-bank lender it funds itself from banks and bond markets rather than deposits, so funding cost matters as much as lending rates. Tata Sons is the controlling shareholder, and it listed in 2025.
In one line: Tata's version of a diversified consumer/commercial lender.
Moat: narrow (brand, distribution, scale). Tata Group brand trust and 700+ branch distribution; lending itself is a commodity product.
Headquarters: Mumbai, India · Founded: 2007 · Employees: 17,286
Size Tata Capital (TATACAP.NS) is an India Financials company (Finance/Rental/Leasing) with a market value of $16.0B, the 64th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹358.05 on 6 Nov 2026.
Performance Over six months the shares gained 9.9%, against -2.3% for the median peer and 0.0% for the India market (cap-weighted) — 6th highest of 21 in its peer set.
Growth Revenue grew 17.9% over the last twelve months (peer median +11.7%); the operating margin is 31.5% (peer median 24.0%).
Valuation It trades at 3.08× book value against a peer median of 1.66× (6th most expensive of 21).
Price implies The share price implies a return on equity of about 41.2%; Tata Capital delivers 14.0%, so the price asks more than the business earns today.
Next results Next results expected around 19 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹341B | ₹314B | ₹283B | ₹179B | ₹128B |
| Revenue growth | — | +11% | +58% | +40% | — |
| Gross profit | ₹165B | ₹307B | ₹277B | ₹176B | ₹125B |
| EBITDA | ₹113B | ₹262B | ₹232B | ₹148B | ₹104B |
| Net income | ₹59.7B | ₹48.5B | ₹36.6B | ₹31.5B | ₹30.3B |
| Free cash flow | n/a | ₹88.0B | ₹45.8B | ₹21.9B | ₹33.9B |
| Capital expenditure | n/a | ₹9.95B | ₹10.2B | ₹6.98B | ₹2.08B |
| Total debt | ₹2.61T | ₹2.36T | ₹2.09T | ₹1.49T | ₹1.14T |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Tata Capital TATACAP.NS | $16.0B | +10% | +18% | 14% | 3.08× | 41.2% |
| Bajaj Finance BAJFINANCE.NS | $71.6B | +12% | +19% | 19% | 5.50× | 77.1% |
| Cholamandalam Investment and Finance CHOLAFIN.NS | $16.2B | +6% | +21% | 21% | 4.43× | 67.7% |
| L&T Finance LTF.NS | $7.36B | -9% | +17% | 12% | 2.38× | 45.8% |
| HDB Financial Services HDBFS.NS | $4.71B | -24% | +11% | 14% | 2.01× | 30.2% |
| Aditya Birla Capital ABCAPITAL.NS | $11.5B | +8% | +24% | 12% | 2.56× | 41.9% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | TATACAP.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +11.7% | +2.5% | 5th highest of 21 |
| 6-month return | +9.9% | -2.3% | 6th highest of 21 |
| Return on equity | 14.0% | 13.7% | 11th highest of 21 |
| Price / book | 3.08× | 1.66× | 6th most expensive of 21 |
| Trailing P/E | 25.4× | 13.0× | 5th most expensive of 21 |
| ROE the price implies | 41.2% | 15.9% | 5th most demanding of 21 |
| ROE delivered | 14.0% | 12.6% | 10th highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Tata Capital TATACAP.NS | India | $16.0B | +10% | +18% | 14% | 3.08× | 41.2% | 14.0% |
| Cholamandalam Investment and Finance CHOLAFIN.NS | India | $16.2B | +6% | +21% | 21% | 4.43× | 67.7% | 20.6% |
| Kaspi.kz Joint Stock Company Sponsored ADR RegS KSPI | United States | $17.7B | +7% | +39% | 45% | 3.15× | 13.6% | 45.4% |
| One 97 Communications PAYTM.NS | India | $12.2B | +50% | +24% | 5% | 6.92× | 47.0% | 5.4% |
| Muthoot Finance MUTHOOTFIN.NS | India | $12.2B | -20% | +47% | 32% | 2.62× | 32.0% | 31.8% |
| SOFI SOFI | United States | $21.0B | +3% | +38% | 7% | 1.86× | 27.5% | 7.4% |
| Mitsubishi HC Capital 8593.T | Japan | $11.9B | -9% | +1% | 7% | 0.93× | 5.9% | 7.2% |
| Power Finance PFC.NS | India | $11.5B | -28% | +4% | 21% | 0.76× | 14.4% | n/a |
| Ally Financial ALLY | United States | $11.5B | -14% | +5% | 10% | 0.88× | 9.8% | 9.9% |
| Indian Railway Finance IRFC.NS | India | $11.1B | -25% | +13% | 13% | 1.74× | 28.2% | 12.6% |
| Synchrony Financial SYF | United States | $23.0B | +1% | -2% | 20% | 1.55× | 16.7% | 19.8% |
| Affirm AFRM | United States | $23.1B | +6% | +32% | 45% | 4.19× | 73.6% | 45.1% |
| Shriram Finance SHRIRAMFIN.NS | India | $23.9B | -5% | +10% | 15% | 2.03× | 27.6% | 14.7% |
| Global Payments GPN | United States | $25.8B | +41% | +7% | 2% | 1.12× | 9.8% | 2.2% |
| AerCap AER | United States | $26.2B | +13% | 0% | 17% | 1.38× | 12.4% | 17.0% |
| Ayvens AYV.PA | France | $8.45B | -16% | 0% | 9% | 0.68× | 8.0% | 9.2% |
| REC RECLTD.NS | India | $8.27B | -18% | -3% | 17% | 0.83× | 15.1% | 17.0% |
| FirstCash FCFS | United States | $7.96B | -18% | +23% | 18% | 3.50× | 19.9% | 18.2% |
| Tokyo Century 8439.T | Japan | $7.50B | +12% | +8% | 12% | 1.01× | 7.7% | 11.6% |
| L&T Finance LTF.NS | India | $7.36B | -9% | +17% | 12% | 2.38× | 45.8% | 12.3% |
| Piramal Finance PIRAMALFIN.NS | India | $7.17B | +13% | +71% | 7% | 1.58× | 13.0% | 6.5% |