TATA CAPITAL LIMITED (TATACAP): Financials & Fundamentals History

Share price

Closing priceAdjusted for splits and bonus issues.

3M1YAll

₹353.05 latest close · +1.0% over the last 90 sessions

₹353.05 month-end · +7.7% over 12 months

₹353.05 month-end · +7.9% since Oct '25

52-week range ₹296.00 to ₹390.20 · 1-year volatility 28.1%

Was the rally earned?

+8%share price, 1 yearLower P/E held it back

Mostly yes, with a catch.

Per-share earnings added 16 points, but investors now pay less per rupee of profit (P/E 29.8x to 27.4x), which took 9 points back.
The share count rose 15%.

Net profit growth+31 ptsNet profit rose about 34%, which lifts the price.

P/E change-9 ptsThe P/E fell from 29.8x to 27.4x, which lowers the price.

Share count change-14 ptsShare count rose 15%, which lowers the price.

What do "pts" mean?

"pts" are percentage points of the share price return. The parts add up to the total shown for each period. Because price = P/E × net profit ÷ share count, higher profit pushes the price up, a higher P/E pushes it up, and more shares push it down.

Example: if the price rose 34% and profit growth accounts for +58 pts while a lower P/E accounts for -24 pts, then 58 - 24 = 34. The +58 is not the profit growth rate itself: it is the part of the price move that profit growth explains.

Not shown for 3 years and 5 years: earnings were negative at one end, or there is not enough history.

Net profit is trailing twelve months as reported with a 60-day lag.

Compare this with BAJAJ FINANCE

How rough has the ride been?

Maximum drawdown-21.7%not yet recovered

1-year volatility28.1%annualised

Volume spikes3last 90 sessions, 5x the 50-day median

Drawdown from peak

Largest drawdowns

-21.7% (2026-08 peak to 2026-10 low, not yet recovered)

-17.6% (2026-01 peak to 2026-05 low, recovered 2026-06)

Most recent volume spikes

2026-10-29: 12.2x the 50-day median, price +5.5% that day

2026-10-28: 6.2x the 50-day median, price +2.9% that day

2026-07-29: 6.9x the 50-day median, price +1.9% that day

Where does it rank among Finance peers?

Each cell is the company's percentile rank among its Finance peers (banks and financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).

Where it ranks today

ROE (approx.)56th▼ 3 pts vs a year ago
EPS growth55th
P/B ↓20th▼ 3 pts vs a year ago
12M momentum71st
FII + DII28th

Rank history

ROE (approx.)

EPS growth

P/B ↓

12M momentum

FII + DII

Dec '21Jul '22Jan '23Jul '23Jan '24Jul '24Jan '25Jul '25Jan '26Jul '26Nov '26

Lower rank Higher rank Not enough data

Percentiles use today's listed companies in the sector and need at least 5 peers with a value; grey cells have too few.
ROE is computed from net profit and book value where the source does not report it.

The Finance sector page Watch it move against Finance in the Observatory

What is the price implying?

~25%annual earnings growth implied by the priceAbove delivered growth

At normalised P/E (five-year average earnings) of 45.2x, a holder earning 12%/yr needs earnings to grow about 24.9%/yr for 10 years, then trade at 15x.

Delivered20.8%/yrEPS, last 6 fiscal years · 3-yr avg to 3-yr avg

Gap+4.1 ptsimplied minus delivered

Rank13thmost demanding of 63 financials

Over time

Implied growth by month (solid) and delivered growth (dashed).

Change the assumptions

Exit P/E / return	11%	12%	13%
12x	26.6%	27.7%	28.8%
15x	23.8%	24.9%	26.0%
20x	20.3%	21.4%	22.5%

Drag a slider to test other assumptions

Required return 12.0% Years 10 Exit P/E 15x Implied: 24.9%/yr

“Implied growth” is what the current price would require under our stated assumptions, not what we expect. How this is calculated and the market-wide lists.

What prices imply across Finance The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov: ₹353.05
P/E: 27.4x
Market Cap: ₹1.50L cr
Revenue (TTM): ₹32695 cr
P/S: 4.6x
P/B: 3.3x
ROE: 12.0%
Debt / Equity: 5.2x
Promoter Holding: 85.4%
12M Momentum: 7.7%

52-week range

₹296.00₹390.20

61% of the way from its 52-week low to its high

Price risk

1Y volatility

28.1%

Beta vs sector

1-year daily

0.84

Balance sheet & cash

Share count, 1Y

+12.1%

Are profits backed by cash?

1 of 1checks within rangeAll clear

Tax rate25%Within range

Median quarterly effective tax rate over about 2.5 years: 25.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Tap a check to see how it is measured

Cash conversion and receivable days are not meaningful for banks and NBFCs, so only the other-income and tax-rate checks are shown.

How to read this

Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.

All terms explained in the glossary →

What happened next to similar setups

−4.9%typical 12-month return vs the marketNot meaningfully different from the base rate

We found 50 past situations where a bank, NBFC or insurer looked like TATA CAPITAL LIMITED today on valuation, return on capital, growth, price momentum, size and volatility.
Over the following 12 months the middle half of them returned −24% to +14% vs the market, against −1% for all financial companies in the same months.
The gap against the base rate (−3.8%, 80% range −7.5% to +0.1%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months · 1 beyond the range shown, drawn at the edge

Similar setups' median

−4.9%

All companies' median

−1.1%

Beat the market

40% vs 49%

50 past situations · 50 companies · 35 months · 2020–2025

The closest matches

Company	When	P/E	P/B	12M mom.	Drawdown	Next 12 months
AXISBANK Finance	Sep 2021	33x	2.3x	+81%	−6%	−5%
KOTAKBANK Finance	Jun 2022	27x	3.4x	−3%	−25%	−7%
SUNDARMFIN Finance	Mar 2021	36x	4.6x	+114%	−9%	−39%
ICICIBANK Finance	Jun 2020	24x	2.0x	−20%	−36%	+10%
BAJFINANCE Finance	Jun 2021	82x	9.8x	+113%	−3%	−10%

Show the other 3 matches

Company	When	P/E	P/B	12M mom.	Drawdown	Next 12 months
INDUSINDBK Finance	Oct 2021	30x	2.0x	+95%	−7%	−3%
CUB Finance	Mar 2020	14x	2.0x	−37%	−47%	−33%
AAVAS Finance	May 2021	72x	8.6x	+125%	−5%	−11%

How reliable is this?

Matched on P/E, P/B, ROE, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: drawdown from 12-month high, 12-month momentum and revenue growth. One match per company and at most 7 from any one month.

Independent periods: the matches fall in 6 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.

How this is built

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to TATA CAPITAL LIMITED. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

Methodology

How historical analogs are built

Data as of 2026-11-09. Outcome pool: Jan 2020 to Oct 2025.

For every company we look at the situation it is in today (valuation, return on capital, margins, debt, growth, 12-month price momentum, drawdown, size and volatility) and find past company-months that looked most like it. We then show what happened to those past situations over the following 12 months, measured against the ApnaFunda All index and against the base rate. It describes history. It does not predict anything.

What is compared

Feature	Weight	Non-financial	Financial
P/E	1	yes	yes
P/S	1	yes	—
P/B	1	—	yes
ROCE	1	yes	—
operating margin	1	yes	—
ROE	1	—	yes
debt/equity	0.75	yes	—
interest cover	0.5	yes	—
revenue growth	0.75	yes	yes
12-month momentum	1	yes	yes
drawdown from 12-month high	0.75	yes	yes
size	0.75	yes	yes
volatility	0.5	yes	yes

Weights were set by judgement before any outcome was looked at and are never tuned on results. Loss-making companies (negative P/E or net profit) are only matched with other loss-making companies. Banks, NBFCs and insurers are compared only with each other and use a different feature set. Every feature is converted, month by month, to its rank among companies in the same pool in that month, so a P/E of 30 in a hot market and a P/E of 22 in a cold one can match if both were equally expensive for their time. Only that month's data is used.

How closeness and the sample are defined

Distance is the weighted root-mean-square gap between the standardised features both companies have. A match needs at least 70% of the query's feature weight, a distance of at most 0.9, and 30 matches at minimum to be shown. We keep up to 50 matches with these exclusions: never the company itself, one match per company (its closest month), and at most 7 from any one calendar month so a single market episode cannot dominate.

Base rate

The base rate is the distribution of 12-month returns, relative to the market, of every eligible company-month in the same pool, with each month weighted to match the months the analogs came from. It answers: how did a random company do in these same months? Because matches from nearby months share the same market conditions, we also report the number of distinct 12-month windows behind a result, and a bootstrap that resamples months decides whether the analog median differs from the base rate at all. "Not meaningfully different" is the usual outcome and the page copy is written for it.

Limits you should know

One market period. The outcome pool covers 2020–2025 only (70 months), including the 2020 crash and the 2020–21 rally.
Survivorship. Only companies listed today are included. Delisted and bankrupt companies are missing, which flatters past outcomes, particularly for distressed-looking setups.
Price return only. Dividends are excluded, and the benchmark is an ApnaFunda market-cap-weighted index of the same listed companies, not an official index.
Reporting lag. Fundamentals are matched on an assumed 60-day lag after the quarter end, not on real announcement dates.
Pools: non-financial: 98,395 company-months from 2019 companies; financial: 5,659 company-months from 108 companies. 2349 companies currently have a result; the rest are suppressed because too few comparable situations exist.

Does it work? A walk-forward check

The walk-forward check has not been run for this build, so skill is shown as not yet measured.

Disclaimer

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to any company shown. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

What else looks like this?

Companies with the most similar financial profile today, regardless of industry.

BAJAJ HOUSING FINANCEBAJAJHFL

Finance

70%similar

ROEpromoter holding

INDIAN RAILWAY FIN CORPIRFC

Finance

68%similar

promoter holdingvolatility

ICICI PRUDENTIAL LIFE INS COICICIPRULI

Finance

67%similar

ROEvolatility

Similarity is statistical, based on reported metrics; it does not imply similar business quality or future returns.

What changed?

5 events since Mar '26

2026
OctSharesShare count is up 12.1% over 12 months.
OctPriceVolume reached 12.2x its 50-day median on 2026-10-29; price +5.5% that day.
JulPriceVolume reached 6.9x its 50-day median on 2026-07-29; price +1.9% that day.
JunPriceVolume reached 24.3x its 50-day median on 2026-06-19; price +6.2% that day.
MarPriceVolume reached 5.4x its 50-day median on 2026-03-27; price -1.5% that day.

Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.

Where price and fundamentals disagree, market-wide Rewind the whole market to any month

Monthly history14 months · 2025-10 to 2026-11

Month	P/E	Revenue (TTM)	ROE	Debt / Equity
2026-11	27.4x	₹32695 cr	12.0%	5.2x
2026-10	24.9x	₹32695 cr	12.0%	5.2x
2026-09	25.5x	₹32695 cr	12.0%	5.2x
2026-08	31.4x	₹31538 cr	12.0%	5.2x
2026-07	31.2x	₹31538 cr	12.0%	5.2x
2026-06	31.3x	₹31538 cr	12.0%	5.2x
2026-05	28.0x	₹30856 cr	13.0%	6.3x
2026-04	30.5x	₹30856 cr	13.0%	6.3x
2026-03	27.9x	₹30856 cr	13.0%	6.3x
2026-02	30.8x	₹29984 cr	13.0%	6.3x
2026-01	31.6x	₹29984 cr	13.0%	6.3x
2025-12	31.5x	₹29984 cr	13.0%	6.3x
2025-11	29.8x	₹29432 cr	13.0%	6.3x
2025-10	29.8x	₹29432 cr	13.0%	6.3x

Methodology and data notes