History/Business
- Tata Investment Corporation Limited was promoted by Tata Sons Ltd., in 1937, under the name The Investment Corporation of India Limited.
- The Company remained a closely held company till 1959, when it became one of the few publicly held investment companies listed on the Stock Exchange, Mumbai
- The company invests in a diversified portfolio of quoted and unquoted securities of companies, including Tata Companies, which are engaged in various businesses.
Management and shareholding:
- Chairman N.N. Tata a graduate from Sussex University UK and IEP (INSEAD) who is also a Chairman of Trent ltd & Trent Hypermarket ltd, MD of Tata International and Director of Company like Voltas, Titan etc. He had earlier worked with Nestle UK.
- Promoter holding stands at 73.38% (Tata Sons holds 68.5%, other Tata’s Holding 4.88%) and Institutional holdings at 3.76%.
FUNDAMENTALS/FINANCIALS:
- Of the total Assets which is 8179cr as on 31 March, 2020 8127cr is Investments i.e. 99% of total assets and no borrowings.
- Investments include (As on 31st March 2020)
- Quoted Equity share Investment 6838.9 cr
- As on 27 August, 2020 These Quoted Investment is valued at 9768cr i.e. 2.3 times of current Market Cap.
- Other Unquoted investments and Investment in Debt/Equity Mutual Fund valued at 1210 as of 31st March 2020.
TOTAL INVESTMENT VALUE AS ON 27 August 2020
|
PARTICULARS |
AMOUNT in Cr |
|
Quoted Investment valued as on 27 August 2020 |
9768 |
|
Unquoted and Debt/Equity Mutual fund as on 31 March 2020 |
1210 |
|
TOTAL INVESTMENT AS ON 27 August 2020 (Approx) |
10978 |
|
Market Cap as on 27 August 2020 of Company |
4248 |
i.e. AROUND 60% DISCOUNT
- Above that company is virtually debt-free.
- Company has declared a dividend of Rs 18 per share for FY20 i.e. the dividend yield of around 2.2% at Current Price of 839 or around 2.8% at the Market price as on 31 March 2020 i.e. 663
- Tata companies holding already included in quoted investments above include
- Tata Chemicals 5.97%, Trent ltd 4.28%, Voltas 3.01%
- Tata Elxsi Ltd 2.3% , Titan 2.01%, Indian Hotel 1.35%
- Tata Power 0.25%, TCS 0.03%, Tata Steel 0.35%, Tata Motors 0.35%
- The company is trading P/BV of just around 0.53 i.e. around half of its Book value.
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Details of Quoted Investments |
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|
As at 31.03.2020 |
As at 26 Aug 2020 |
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|
Holdings |
Fair Value |
Fair Value |
|
|
Banks |
|||
|
Axis Bank Ltd. |
1,783,000 |
6,762.92 |
8255.29 |
|
HDFC Bank Ltd.(Previous Year Face Value ` 2) |
1,830,000 |
15,774.60 |
20459.4 |
|
ICICI Bank Ltd. |
2,557,500 |
8,299.09 |
9948.675 |
|
South Indian Bank Ltd. |
6,273,432 |
361.35 |
464.233968 |
|
State Bank of India. |
855,000 |
1,683.92 |
1786.95 |
|
32,881.88 |
40914.54897 |
||
|
Cement |
|||
|
ACC Ltd |
340,000 |
3,289.50 |
4753.2 |
|
Grasim Industries Ltd. |
292,000 |
1,388.17 |
1947.64 |
|
Sagar Cements Ltd. |
122,000 |
372.95 |
611.22 |
|
The Ramco Cements Ltd. |
425,000 |
2,186.20 |
3081.25 |
|
7,236.82 |
10393.31 |
||
|
CHEMICALS & FERTILIZERS |
|||
|
Tata Chemicals Ltd. |
15,200,000 |
33,896.00 |
50768 |
|
33,896.00 |
50768 |
||
|
ELECTRICITY & TRANSMISSION |
|||
|
Power Grid Corporation of India Ltd. |
|||
|
Tata Power Co. Ltd. |
6,840,962 |
2,247.26 |
4282.442212 |
|
2,247.26 |
4282.442212 |
||
|
ELECTRICALS & ELECTRONICS |
|||
|
Bharat Electronics Ltd. |
5,676,000 |
4,220.11 |
6345.768 |
|
Voltas Ltd. |
9,960,000 |
47,693.46 |
64620.48 |
|
51,913.57 |
70,966.25 |
||
|
ENGINEERING, CONSTRUCTION & INFRASTRUCTURE |
|||
|
Bharat Heavy Electricals Ltd. |
2,000,000 |
416.00 |
798 |
|
Engineers India Ltd. |
1,190,000 |
714.6 |
833 |
|
Larsen & Toubro Ltd. |
871,750 |
7,033.71 |
8447.2575 |
|
NBCC (India) Ltd. .(Previous Year Face Value ` 2). |
4,135,000 |
676.07 |
1174.34 |
|
Rites Ltd. |
750,000 |
1,844.63 |
1905 |
|
Thermax Ltd. |
105,000 |
776.48 |
837.9 |
|
11461.49 |
13,995.50 |
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|
FAST MOVING CONSUMER GOODS |
|||
|
Asian Paints (India) Ltd. |
536,940 |
8,949.18 |
10583.0874 |
|
Bata India Ltd. |
200,000 |
2,462.30 |
2622 |
|
Colgate-Palmolive (India) Ltd.. |
145,000 |
1,816.78 |
2045.95 |
|
Hindustan Unilever Ltd. |
70,000 |
1,608.71 |
1528.1 |
|
ITC Ltd. |
2,518,530 |
4,331.87 |
4911.1335 |
|
Nestle India Ltd. |
59,000 |
9,618.42 |
9552.1 |
|
Pidilite Industries Ltd. |
899,795 |
12,207.07 |
13208.9906 |
|
Procter & Gamble Hygiene & Healthcare Ltd. |
14,500 |
1,514.86 |
1485.09 |
|
Tata Consumer Products Ltd. (Formerly Tata Global Beverages Ltd.) |
44,273,000 |
130,516.80 |
243058.77 |
|
Titan Company Ltd. |
17,875,640 |
166,869.10 |
202709.7576 |
|
Varun Beverages Ltd. |
190,500 |
1,010.70 |
1461.135 |
|
VST Industries Ltd. |
85,276 |
2,372.29 |
2945.43304 |
|
343,278.08 |
496,111.55 |
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|
FINANCE, SERVICES & INVESTMENTS |
|||
|
CARE Ratings Ltd. |
308,000 |
1,015.01 |
1262.8 |
|
Central Depository Services (India) Ltd. |
490,000 |
1,050.56 |
1960 |
|
General Insurance Corporation of India |
438,592 |
460.08 |
671.04576 |
|
GIC Housing Finance Ltd. |
1,900,000 |
1,129.55 |
2318 |
|
HDFC Asset Management Company Ltd. |
|||
|
HDFC Life Insurance Co.Ltd. |
300,000 |
1,324.80 |
1776 |
|
Housing Development Finance Corporation Ltd. |
482,000 |
7,858.77 |
8753.12 |
|
ICICI Lombard General Insurance Co.Ltd. |
140,000 |
1,507.38 |
1769.6 |
|
ICICI Securities Ltd. |
|||
|
LIC Housing Finance Co. Ltd. |
1,325,000 |
3,116.40 |
3948.5 |
|
New India Assurance |
579,538 |
650.24 |
689.65022 |
|
18,112.79 |
23,148.72 |
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|
HEALTHCARE |
|||
|
Cadila Healthcare Ltd. |
1,060,000 |
2,831.26 |
4112.8 |
|
Divi’s Laboratories Ltd. |
|||
|
Sun Pharmaceutical Industries Ltd. |
1,674,435 |
5,897.36 |
6513.55215 |
|
8,728.62 |
10,626.35 |
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|
HOTELS |
|||
|
Oriental Hotels Ltd. |
1,076,000 |
196.37 |
247.48 |
|
The Indian Hotels Co. Ltd. |
16,071,539 |
12,037.58 |
16875.11595 |
|
12233.95 |
17,122.60 |
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|
INFORMATION TECHNOLOGY |
|||
|
Infosys Ltd. |
847,578 |
5,427.04 |
8060.46678 |
|
Mindtree Ltd |
81,506 |
675.11 |
955.25032 |
|
Tata Consultancy Services Ltd. |
1,036,269 |
18,891.70 |
23357.50326 |
|
Tata Elxsi Ltd. |
1,435,000 |
9,037.63 |
15785 |
|
Tech Mahindra Ltd. |
0.00 |
||
|
34,031.48 |
48,158.22 |
||
|
MEDIA & PUBLISHING |
|||
|
Shemaroo Entertainment Ltd. |
375,000 |
189.38 |
258.75 |
|
189.38 |
258.75 |
||
|
METALS & MINING |
|||
|
Tata Steel Ltd. |
3,926,740 |
10,592.38 |
16688.645 |
|
Tata Steel Ltd.(Partly Paid)(` 2.504 paid) |
270,869 |
80.18 |
|
|
10,672.56 |
16,688.65 |
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|
MOTOR VEHICLES & ANCILLARIES |
|||
|
Bosch Ltd. |
27,868 |
2,622.31 |
3984.00928 |
|
Hero MotoCorp Ltd. |
100,000 |
1,594.20 |
3161 |
|
Mahindra & Mahindra Ltd. |
1,180,000 |
3,363.00 |
7233.4 |
|
Maruti suzuki |
138,500 |
5,938.53 |
9707.465 |
|
SKF India Ltd. |
166,756 |
2,414.71 |
2771.48472 |
|
Swaraj Engines Ltd. |
105,761 |
951.85 |
1723.9043 |
|
Tata Motors Ltd. |
11,000,000 |
7,815.50 |
15169 |
|
24,700.10 |
43,750.26 |
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|
OIL & NATURAL RESOURCES |
|||
|
Indian Oil Corporation Ltd. |
2,100,000 |
1,714.65 |
1845.9 |
|
Reliance Industries Ltd. |
898,000 |
9,989.80 |
19190.26 |
|
11,704.45 |
21,036.16 |
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|
RETAIL |
|||
|
Shoppers Stop Ltd. |
200,000 |
386.9 |
388 |
|
Trent Ltd. |
15,207,540 |
72,874.53 |
98849.01 |
|
73261.43 |
99,237.01 |
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|
TELECOMMUNICATIONS |
|||
|
Bharti Airtel Ltd. |
75,000 |
330.45 |
385.5 |
|
330.45 |
385.50 |
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|
TRANSPORTATION & LOGISTICS |
|||
|
Container Corporation of India Ltd. |
537,500 |
1,781.54 |
2117.75 |
|
TCI Express Ltd. |
149,075 |
817.38 |
1259.68375 |
|
Transport Corporation of India Ltd. |
350,000 |
658.52 |
798 |
|
3,257.44 |
4,175.43 |
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|
MISCELLANEOUS |
|||
|
Finolex Industries Ltd. |
302,368 |
1,181.35 |
1542.0768 |
|
Mahindra Lifespace Developers Ltd. |
500,000 |
954 |
1365 |
|
Westlife Development Ltd. |
505,000 |
1,617.01 |
1883.65 |
|
3,752.36 |
4,790.73 |
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|
Total of Quoted Equity shares Value in Lakhs |
683,890.11 |
976,809.97 |
|
|
Total of Quoted Equity shares Value in Cr |
6,838.90 |
9,768.10 |
|
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