Tata Capital Ltd(TATACAP)

NSE: TATACAPBSE: 544574

₹ 306.65-0.47%refreshed 23 Oct, 03:59 pm ISTMarket cap: ₹ 1.30 L crNext results: 27 Oct 2026Website: www.tatacapital.comUpdated: 24 Oct 2026

About

Tata Capital is the flagship financial services company of the Tata Group, registered with the RBI as an NBFC-ICC and classified as an Upper Layer NBFC, offering 25+ lending products across retail, SME and corporate finance alongside distribution, wealth management and private equity. It describes itself as the third-largest diversified NBFC in India by AUM. Consolidated net AUM reached ₹2,90,502 crores as of June 2026, up 22% year-on-year, and FY26 revenue was ₹31,539.89 crores.^[1][2][3]

Business segments

Financing Activity: 96.6% of FY26 segment revenue at ₹30,784.66 crores; covers retail loans, SME lending, housing finance and commercial vehicle (Motor Finance) lending.^[4]
Others segment: 2.0% of FY26 segment revenue at ₹633.85 crores.^[4]
Investment Activity segment revenue was ₹227.01 crore in FY26 vs ₹1,020.28 crore in the prior year.^[1]
Retail+SME share of consolidated AUM stood at 86% as of Q4 FY26.^[5]

Products and brands

Offers 25+ lending products across retail, SME and corporate finance, plus product distribution, wealth management and private equity, as of FY26.^[1]
Approximately 99% of loans are granular, with ticket sizes below ₹10 million, as of FY26.^[1]
Tata Cards, a white-label credit card with SBI Cards, had nearly 2.4 lakh cards in force in FY26.^[1]
About 9.9 million insurance policies in force under a composite corporate agency licence, as of FY26.^[1]
Private equity platform has raised ₹8,585 crore across growth and healthcare funds and is raising Fund III, as of FY26.^[1]
Tata Securities distributes mutual funds and runs the Moneyfy digital wealth app; Tata Capital Pte. Ltd. in Singapore manages Singapore-domiciled PE funds.^[1]

Loan book mix and subsidiaries

Tata Capital Housing Finance (TCHFL) AUM was ₹86,653 crore as of March 31, 2026 vs ₹67,252 crore a year earlier, up 29%.^[1]
TCHFL AUM grew 24% YoY to ₹89,416 crores in Q1 FY27, with credit cost at 0.05% and NNPA at 0.3%.^[2]
Motor Finance net AUM was ₹24,445 crores as of June 2026, down from ₹25,390 crores in March 2026.^[2]
Unsecured retail at 10.3% of AUM as of Q4 FY26, with a stated medium-term target of 15%.^[5]
Motor Finance non-Tata OEM share in new CV disbursements reached 26% in Q4 FY26, up from 0% pre-merger; used vehicle share rose from 42% to 47% between Q4 FY25 and Q2 FY26.^[5]

Key operating metrics

Consolidated disbursements were ₹46,212 crores in Q1 FY27, up 33% YoY; Q4 FY26 crossed ₹50,000 crores, up 32% YoY.^[2]
NIM was 6.6% in Q3 FY26; average cost of borrowings was 7.3% in Q1 FY27 vs 7.1% in Q4 FY26.^[6]
Consolidated GNPA (Gross Stage-3) was 1.9% in Q1 FY27 vs 2.1% in Q1 FY26; NNPA was 0.8% vs 1.0%.^[2]
Annualised credit cost was 1.0% in Q1 FY27 vs 1.6% in Q1 FY26; Stage-3 provision coverage was 56.9% in Q1 FY27.^[2]
Debt-to-equity was 5.3x in Q1 FY27, unchanged from March 2026; standalone CRAR was 18.5% in Q1 FY27.^[2]
Cost-to-income ratio was 36.4% in Q1 FY27 vs 38.3% in FY26 and 41.6% in FY25; FY28 target is 33 - 34%.^[2]

Distribution and reach

1,477 branch locations across 27 states and union territories as of FY26.^[1]
20,241 in-house sales team members and 30K+ direct selling agents as of FY26.^[1]
Served 8.4 million customers up to March 31, 2026; mobile app has 156 lakh+ downloads and website 76 lakh+ monthly visits.^[1]
97% of customers were digitally onboarded as of Q3 FY26; 97% of retail disbursements processed via scorecards/business rules engines.^[6]
On-roll headcount was 30,170 as of Q1 FY27, up 5% YoY.^[2]
Branch network planned to expand 10 - 15% in FY27.^[5]

Technology

AI initiatives delivered 40% productivity gains in operations and 35% improvement in processing turnaround times as of Q1 FY27.^[2]
SME underwriting assist platform cut credit memo preparation from 2 days to 20 minutes with 85% adoption as of Q4 FY26.^[5]

Expansion and strategic targets

FY25 - FY28 AUM CAGR target of 23 - 25% (including Motor Finance); ROA target 2.5 - 2.7%; ROE target 17 - 18%.^[2]
Motor Finance targeted to reach 2% ROA by FY28 and decline to ~7 - 8% of total book by FY28.^[5]
Affordable+Micro Housing AUM targeted to grow ~30% in FY27; Micro Housing ~100% in FY27 and 50 - 60% in FY28.^[2]

Recent developments

Agreed to acquire ~88.6% of Yogakshemam Loans (₹708 crore AUM, 162 branches in four southern states) at pre-money valuation up to ₹318 crores plus ₹93 crore infusion; RBI approval expected by end of 2026.^[2][1]
Yogloans gold loan franchise targeted to reach 500+ branches and ₹4,000 - 5,000 crore AUM within 2.5 - 3 years of RBI approval.^[2]
Raised USD 400 million via a 3.5-year senior unsecured Reg S bond at T-Bill +107 bps, oversubscribed 4x, in Q1 FY27.^[2]
Tata Motors Finance merged into Tata Capital effective May 8, 2025.^[1]
IPO in Q2 FY26 lifted net worth to ₹41,777 crores from ₹35,081 crores; standalone CRAR rose to 21.5% post-IPO.^[7]

Market Cap

₹1,30,169 Cr

High / Low

₹390 / 296

Stock P/E

24.3

Price / Book

2.9

Book Value

₹108

EPS

₹11.4

No. of Shares

424.49 Cr

ROE

10.6%

Debt / Equity

5.15

Sales

₹31,540 Cr

Net Profit

₹4,891 Cr

Promoter holding

85.4%

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Tata Capital Ltd(TATACAP)

About

Business segments

Products and brands

Loan book mix and subsidiaries

Key operating metrics

Distribution and reach

Technology

Expansion and strategic targets

Recent developments

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