# Tata Capital (TATACAP) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/tatacap

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹357.5
- Change: +2.77%
- As of: 2026-11-06
- 1D return: +2.77%
- 5D return: +11.75%
- 1M return: +13.53%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

TATACAP is trading at ₹357.50 on 2026-11-06, positioned near the upper end of its recent ranges (+97.3% in the 20-day range). The daily technical structure is bullish, with price holding above all key moving averages (20, 50, and 200 SMA; 20 EMA) and the Supertrend indicator. Daily ADX stands at 29.05, indicating an established trend, while Plus DI (34.1) significantly exceeds Minus DI (14.03), reflecting strong upward momentum. This daily strength contrasts with a weaker weekly setup, where the Supertrend remains bearish and ADX is low (18.95), suggesting the current rally may be a short-term correction within a broader consolidation or downtrend.

Participation has been notable, with extreme volume-price anomalies recorded on 2026-10-28 and 2026-10-29, accompanied by returns of +2.9% and +5.5% respectively. Recent price action includes a moderate upward anomaly on 2026-11-06 (+2.8%). Immediate resistance lies just above at ₹359.73 (0.62%) and ₹361.15 (1.02%), while support is found at ₹354.50 (0.84%) and ₹347.25 (2.87%). The stock carries an annualized volatility of 28.2% and is currently 6.6% below its available high.

The bullish daily setup requires confirmation through sustained closes above ₹361.15 to validate further upside. Conversely, a break below ₹354.50 would weaken the immediate bullish posture, potentially exposing the ₹347.25 pivot level.

- Daily Trend: Bullish structure confirmed with price above all major MAs and Supertrend; ADX 29.05 indicates established trend strength.
- Momentum & Participation: Strong upward bias (Plus DI 34.1 vs Minus DI 14.03); recent extreme volume spikes on Oct 28-29 support active participation.
- Key Levels: Resistance at ₹359.73 and ₹361.15; Support at ₹354.50 and ₹347.25.
- Risk & Context: Weekly timeframe remains mixed (bearish Supertrend, weak ADX 18.95); current drawdown is -6.6% from highs.

- Inside Bar
- Outside Bar
- Bullish Engulfing Reversal

### News Context

Tata Capital (NSE: TATACAP) is navigating a period of strong operational growth alongside significant governance and regulatory adjustments. For the quarter ended September 30, 2026, the company reported consolidated Assets Under Management (AUM) of ₹3,08,030 crore, reflecting a 26% year-on-year increase, while Profit After Tax reached ₹1,660 crore, up 51% year-on-year. Management highlighted improved efficiency with a cost-to-income ratio of 35.3% and stable asset quality, evidenced by Gross Stage 3 assets at 1.9%. In response to the Reserve Bank of India's repo rate hike, Tata Capital repriced floating rate loans by 20–25 basis points effective November 1, 2026.

On the corporate governance front, Tata Capital has initiated a postal ballot seeking shareholder approval for material related-party transactions with Tata Motors Limited. The proposed ordinary resolution covers finance facilities, lease rentals, and other commercial activities aggregating up to ₹4,650 crore during FY 2026-27. The e-voting window opened on November 6, 2026, and concludes on December 5, 2026. Concurrently, the stock closed at ₹357.50 on November 6, 2026, showing positive short-term momentum with a 10-day return of +16.5%, though it remains within a broader weekly bearish technical structure.

- Q2 FY27 Financials: Consolidated AUM rose 26% YoY to ₹3,08,030 crore; PAT increased 51% YoY to ₹1,660 crore; cost-to-income ratio improved to 35.3%.
- Regulatory Action: Floating rate loans repriced by 20–25 basis points effective November 1, 2026, following RBI’s repo rate hike.
- Governance Update: Postal ballot launched (Nov 6 – Dec 5, 2026) for shareholder approval of related-party transactions with Tata Motors Ltd., capped at ₹4,650 crore for FY 2026-27.
- Market Position: Stock closed at ₹357.50 on Nov 6, 2026; market cap stands at approximately ₹1.48 lakh crore; recent 10-day return is +16.5%.

- Tata Capital Limited has informed the Exchange about copy of Newspaper Publication for Postal Ballot notice. |SUBJECT: Copy of Newspaper Publication
- Tata Capital Limited has informed the Exchange regarding Notice of Postal Ballot |SUBJECT: Shareholders meeting
- Tata Capital Limited has informed the Exchange about Notice of Shareholders Meeting for Postal Ballot |SUBJECT: Notice Of Shareholders Meetings-XBRL
- Tata Capital Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL
- Tata Capital Limited has informed the Exchange about Transcript of Media Call and Earnings Conference call with Analysts and Investors for the quarter and half year ended September 30, 2026. |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates

### What Changed

Tata Capital (TATACAP) has initiated a critical corporate governance process on November 6, 2026, by publishing the notice for a Postal Ballot in Business Standard and Navshakti. The company is seeking shareholder approval via remote e-voting for an Ordinary Resolution concerning a Material Related Party Transaction with Tata Motors Limited. The voting window opened at 9:00 a.m. IST on November 6, 2026, and closes at 5:00 p.m. IST on December 5, 2026, with the record date for voting rights set at October 30, 2026. Mr. P. N. Parikh or Ms. Jigyasa N. Ved of M/s Parikh & Associates has been appointed as the Scrutinizer to oversee the process.

Market data observed on November 6, 2026, shows the stock trading at ₹357.50, up from the previous recorded price of ₹347.85. While this indicates a positive price movement, specific daily or weekly trend classifications are not provided in the current snapshot. The primary focus for investors remains the outcome of the postal ballot, which will determine the validity of the related-party transaction.

- Postal Ballot Initiated: Notice published on November 6, 2026, for shareholder approval of a Material Related Party Transaction with Tata Motors Limited.
- Voting Timeline: E-voting commenced November 6, 2026, at 9:00 a.m. IST and concludes December 5, 2026, at 5:00 p.m. IST; record date is October 30, 2026.
- Scrutinizer Appointment: M/s Parikh & Associates (Mr. P. N. Parikh or Ms. Jigyasa N. Ved) appointed to oversee the remote e-voting process.
- Price Observation: Stock traded at ₹357.50 on November 6, 2026, compared to the previous price of ₹347.85.

- [Tata Capital Limited has informed the Exchange about copy of Newspaper Publication for Postal Ballot notice. |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/TATACAPITAL_06112026142924_SEIntimationPostalballotpublicationNov2026Signed.pdf)

### Official Filings

Tata Capital Limited (TATACAP) has initiated a postal ballot to seek shareholder approval for material related-party transactions with Tata Motors Limited, valued at up to ₹4,650 crore during FY 2026-27. The proposed resolution covers finance facilities, operating lease rentals, and asset purchases, which management states are in the ordinary course of business and at arm’s length. This is a proposed approval; the transaction is not yet completed or reported as approved by shareholders. The e-voting window runs from November 6, 2026, to December 5, 2026.

Concurrently, the company reported unaudited financial results for Q2 FY27 on October 27, 2026. Consolidated Assets Under Management (AUM) crossed the ₹3 trillion milestone to reach ₹3,08,030 crore, reflecting 26% year-on-year growth. Profit After Tax (PAT) surged 51% year-on-year to ₹1,660 crore. Asset quality remained stable with Gross Non-Performing Assets (GNPA) at 1.9% and an annualized credit cost of 0.9%. Management also announced a repricing of floating rate loans by 20-25 basis points effective November 1, 2026, in response to RBI policy changes, and noted plans to raise capital in the second half of FY28.

- Postal Ballot Initiated: Shareholder approval sought for related-party transactions with Tata Motors Limited up to ₹4,650 crore in FY27; e-voting period is November 6–December 5, 2026.
- Financial Performance: Q2 FY27 consolidated PAT rose 51% YoY to ₹1,660 crore, while AUM grew 26% YoY to ₹3,08,030 crore, crossing the ₹3 trillion threshold.
- Asset Quality & Operations: GNPA held steady at 1.9% with an annualized credit cost of 0.9%; cost-to-income ratio improved to 35.3%.
- Strategic Actions: Floating rate loan interest rates repriced by 20-25 bps effective November 1, 2026; capital raising planned for H2 FY28.

- [Tata Capital Limited has informed the Exchange about copy of Newspaper Publication for Postal Ballot notice. |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/TATACAPITAL_06112026142924_SEIntimationPostalballotpublicationNov2026Signed.pdf)
- [Tata Capital Limited has informed the Exchange regarding Notice of Postal Ballot |SUBJECT: Shareholders meeting](https://nsearchives.nseindia.com/corporate/TATACAPITAL_05112026121133_SEPostalBallotNoticeNovember2026Signed.pdf)
- [Tata Capital Limited has informed the Exchange about Notice of Shareholders Meeting for Postal Ballot |SUBJECT: Notice Of Shareholders Meetings-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/NOTICE_OF_SHAREHOLDERS_MEETINGS_2797_WebXMLFile_20261105_121859088.xml)
- [Tata Capital Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2797_WebXMLFile_20261102_210929193.xml)
- [Tata Capital Limited has informed the Exchange about Transcript of Media Call and Earnings Conference call with Analysts and Investors for the quarter and half year ended September 30, 2026. |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/TATACAPITAL_02112026210700_SEIntimationTranscriptOctober2026Signed.pdf)
- [Tata Capital Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2797_WebXMLFile_20261102_210839515.xml)
- [Tata Capital Limited has submitted to the Exchange, the Unaudited Financial results for the quarter and half year ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/TATACAPITAL_27102026165030_Resultsrevisedsep2026Signed.pdf)
- [Tata Capital Limited has informed the exchange regarding the enhancement of the limit of the existing Medium Term Note programme of the Company. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/TATACAPITAL_27102026165522_Resultsrevisedsep2026Signed.pdf)
- [Tata Capital Limited has informed the Exchange regarding a press release dated October 27, 2026, titled "Tata Capital Limited has informed the Exchange about Press Release on Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and half year ended September 30, 2026.". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/TATACAPITAL_27102026165929_TCLQ2FY27PressReleasvFSigned.pdf)
- [Tata Capital Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/TATACAPITAL_27102026170131_TCLQ2FY27PrsentationSigned.pdf)

### Fundamentals

Tata Capital demonstrated strong operational momentum in Q2 FY2026-27, with income rising to ₹9,356 crore and net profit increasing to ₹1,832 crore. This follows a robust full-year performance where revenue grew to ₹34,300 crore (TTM) and net profit reached ₹6,191 crore, supported by a financing margin expansion to 26%. However, the company’s financial health shows signs of strain; borrowing has climbed significantly to ₹1,42,160 crore as of September 2026, while cash from operating activities remains deeply negative at -₹37,965 crore for the year ended March 2026. The firm continues to rely on external financing to fund growth, evidenced by sustained negative free cash flow (-₹38,929 crore in FY2026). While asset quality appears stable with impairment costs decreasing sequentially to ₹645 crore in Q2, the widening gap between loan book growth and internal cash generation requires close monitoring.

- Q2 FY2026-27 Net Profit rose to ₹1,832 crore against ₹1,628 crore in Q1, driven by income growth to ₹9,356 crore.
- Financing Margin expanded to 26% (TTM), up from 19% in Mar 2025, indicating improved pricing power or cost efficiency.
- Borrowings increased to ₹1,42,160 crore as of Sep 2026, reflecting heavy reliance on debt to fund a loan book that grew to ₹2,98,217 crore.
- Operating Cash Flow remained negative at -₹37,965 crore for FY2026, highlighting persistent cash burn despite profit growth.

### Bull Case

Tata Capital (TATACAP) presents a conditional upside case anchored by strong momentum signals on longer timeframes, despite near-term weekly weakness. As of November 6, 2026, the stock trades at ₹357.50, supported by bullish Supertrend directions on both daily and monthly charts. The daily Plus DI (34.1) significantly exceeds the Minus DI (14.03), indicating robust buying pressure relative to selling pressure over the last 14 days. This technical strength is corroborated by positive returns over the past month (+11.0%) and ten days (+16.5%), suggesting that recent price action has been driven by sustained investor interest rather than short-term noise. The market capitalization stands at approximately ₹1.48 trillion, reflecting substantial scale. While the weekly trend remains bearish and the stock has experienced a maximum drawdown of -21.7% historically, the alignment of daily and monthly bullish indicators suggests that if the price holds above key support levels such as ₹354.50, the underlying momentum could favor further appreciation toward resistance at ₹359.73.

- Bullish Supertrend signals on both daily and monthly timeframes as of November 6, 2026, contrasting with weekly bearishness.
- Daily momentum favors buyers: Plus DI (34.1) is more than double the Minus DI (14.03), indicating strong relative buying pressure.
- Positive short-to-medium term returns: +11.0% over one month and +16.5% over ten days, supporting current price stability.
- Key support identified at ₹354.50; holding this level is critical for maintaining the constructive daily technical structure.

- [Tata Capital Limited has informed the Exchange about copy of Newspaper Publication for Postal Ballot notice. |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/TATACAPITAL_06112026142924_SEIntimationPostalballotpublicationNov2026Signed.pdf)
- [Tata Capital Limited has informed the Exchange regarding Notice of Postal Ballot |SUBJECT: Shareholders meeting](https://nsearchives.nseindia.com/corporate/TATACAPITAL_05112026121133_SEPostalBallotNoticeNovember2026Signed.pdf)
- [Tata Capital Limited has informed the Exchange about Notice of Shareholders Meeting for Postal Ballot |SUBJECT: Notice Of Shareholders Meetings-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/NOTICE_OF_SHAREHOLDERS_MEETINGS_2797_WebXMLFile_20261105_121859088.xml)
- [Tata Capital Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2797_WebXMLFile_20261102_210929193.xml)
- [Tata Capital Limited has informed the Exchange about Transcript of Media Call and Earnings Conference call with Analysts and Investors for the quarter and half year ended September 30, 2026. |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/TATACAPITAL_02112026210700_SEIntimationTranscriptOctober2026Signed.pdf)
- [Tata Capital Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2797_WebXMLFile_20261102_210839515.xml)
- [Tata Capital Limited has submitted to the Exchange, the Unaudited Financial results for the quarter and half year ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/TATACAPITAL_27102026165030_Resultsrevisedsep2026Signed.pdf)
- [Tata Capital Limited has informed the exchange regarding the enhancement of the limit of the existing Medium Term Note programme of the Company. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/TATACAPITAL_27102026165522_Resultsrevisedsep2026Signed.pdf)
- [Tata Capital Limited has informed the Exchange regarding a press release dated October 27, 2026, titled "Tata Capital Limited has informed the Exchange about Press Release on Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and half year ended September 30, 2026.". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/TATACAPITAL_27102026165929_TCLQ2FY27PressReleasvFSigned.pdf)
- [Tata Capital Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/TATACAPITAL_27102026170131_TCLQ2FY27PrsentationSigned.pdf)

### Bear Case

Technical indicators for Tata Capital on NSE as of November 6, 2026, present a mixed but cautionary setup. While the daily trend remains bullish with the price at ₹357.50 near resistance levels, the weekly timeframe has flipped to bearish, signaling potential short-term momentum loss. The stock is currently in a -6.6% drawdown over the last three months, following a +11.0% gain in the prior month, indicating volatility and a recent pullback from highs. Annualized volatility stands at +28.2%, suggesting significant price fluctuation risk. The proximity to immediate resistance at ₹359.73 (just 0.62% above) limits upside space without a clear breakout, while support lies closer at ₹354.50. Investors should monitor the weekly bearish signal and the ability to hold above the ₹347.25 pivot level.

- Weekly technical trend has shifted to bearish, contrasting with the daily bullish bias, suggesting intermediate-term weakness.
- Stock is in a -6.6% drawdown over the past three months, reflecting recent selling pressure after a strong prior month.
- High annualized volatility of +28.2% and an ATR of 3.05% indicate elevated price instability and trading risk.
- Immediate upside is constrained by resistance at ₹359.73 (0.62% away), while key support rests at ₹354.50.

- [Tata Capital Limited has informed the Exchange about copy of Newspaper Publication for Postal Ballot notice. |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/TATACAPITAL_06112026142924_SEIntimationPostalballotpublicationNov2026Signed.pdf)
- [Tata Capital Limited has informed the Exchange regarding Notice of Postal Ballot |SUBJECT: Shareholders meeting](https://nsearchives.nseindia.com/corporate/TATACAPITAL_05112026121133_SEPostalBallotNoticeNovember2026Signed.pdf)
- [Tata Capital Limited has informed the Exchange about Notice of Shareholders Meeting for Postal Ballot |SUBJECT: Notice Of Shareholders Meetings-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/NOTICE_OF_SHAREHOLDERS_MEETINGS_2797_WebXMLFile_20261105_121859088.xml)
- [Tata Capital Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2797_WebXMLFile_20261102_210929193.xml)
- [Tata Capital Limited has informed the Exchange about Transcript of Media Call and Earnings Conference call with Analysts and Investors for the quarter and half year ended September 30, 2026. |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/TATACAPITAL_02112026210700_SEIntimationTranscriptOctober2026Signed.pdf)
- [Tata Capital Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2797_WebXMLFile_20261102_210839515.xml)
- [Tata Capital Limited has submitted to the Exchange, the Unaudited Financial results for the quarter and half year ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/TATACAPITAL_27102026165030_Resultsrevisedsep2026Signed.pdf)
- [Tata Capital Limited has informed the exchange regarding the enhancement of the limit of the existing Medium Term Note programme of the Company. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/TATACAPITAL_27102026165522_Resultsrevisedsep2026Signed.pdf)
- [Tata Capital Limited has informed the Exchange regarding a press release dated October 27, 2026, titled "Tata Capital Limited has informed the Exchange about Press Release on Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and half year ended September 30, 2026.". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/TATACAPITAL_27102026165929_TCLQ2FY27PressReleasvFSigned.pdf)
- [Tata Capital Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/TATACAPITAL_27102026170131_TCLQ2FY27PrsentationSigned.pdf)

### FAQs

**What is the material related-party transaction with Tata Motors that requires shareholder approval?**

Tata Capital is seeking shareholder approval via postal ballot for related-party transactions with Tata Motors Limited up to ₹4,650 crore during FY 2026-27. The resolution covers finance facilities, operating lease rental income, purchases of fixed assets for lease financing, commission income, and rent expenses. These are stated to be in the ordinary course of business and at arm's length.

**When is the voting window for the Postal Ballot, and what is the cut-off date?**

Remote e-voting commenced on November 06, 2026, at 9:00 a.m. IST and concludes on December 05, 2026, at 5:00 p.m. IST. The cut-off date for determining voting rights is October 30, 2026. Mr. P. N. Parikh or Ms. Jigyasa N. Ved of M/s Parikh & Associates has been appointed as the Scrutinizer.

**How did Tata Capital perform financially in Q2 FY27, and what changes were made to loan rates?**

Consolidated AUM crossed ₹3 lakh crores to stand at ₹3,08,030 crores (up 26% YoY), while Profit After Tax reached ₹1,660 crores (up 51% YoY). Management confirmed a cost-to-income ratio improvement to 35.3% and stable asset quality with Gross Stage 3 assets at 1.9%. Additionally, an ALCO-approved repricing of floating rate loans by 20-25 basis points became effective November 1, 2026, in response to RBI's repo rate hike.

**What are the current technical levels and recent price performance for TATACAP?**

As of November 06, 2026, the stock closed at ₹357.5, with a market capitalization of approximately ₹1.48 lakh crore. Recent returns include +16.5% over 10 days and -6.6% over 3 months. Key resistance levels are near ₹359.73 and ₹361.15, while support is observed around ₹354.50 and ₹347.25. The daily trend is currently bullish.

- [Tata Capital Limited has informed the Exchange about copy of Newspaper Publication for Postal Ballot notice. |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/TATACAPITAL_06112026142924_SEIntimationPostalballotpublicationNov2026Signed.pdf)
- [Tata Capital Limited has informed the Exchange regarding Notice of Postal Ballot |SUBJECT: Shareholders meeting](https://nsearchives.nseindia.com/corporate/TATACAPITAL_05112026121133_SEPostalBallotNoticeNovember2026Signed.pdf)
- [Tata Capital Limited has informed the Exchange about Notice of Shareholders Meeting for Postal Ballot |SUBJECT: Notice Of Shareholders Meetings-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/NOTICE_OF_SHAREHOLDERS_MEETINGS_2797_WebXMLFile_20261105_121859088.xml)
- [Tata Capital Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2797_WebXMLFile_20261102_210929193.xml)
- [Tata Capital Limited has informed the Exchange about Transcript of Media Call and Earnings Conference call with Analysts and Investors for the quarter and half year ended September 30, 2026. |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/TATACAPITAL_02112026210700_SEIntimationTranscriptOctober2026Signed.pdf)
- [Tata Capital Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2797_WebXMLFile_20261102_210839515.xml)
- [Tata Capital Limited has submitted to the Exchange, the Unaudited Financial results for the quarter and half year ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/TATACAPITAL_27102026165030_Resultsrevisedsep2026Signed.pdf)
- [Tata Capital Limited has informed the exchange regarding the enhancement of the limit of the existing Medium Term Note programme of the Company. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/TATACAPITAL_27102026165522_Resultsrevisedsep2026Signed.pdf)
- [Tata Capital Limited has informed the Exchange regarding a press release dated October 27, 2026, titled "Tata Capital Limited has informed the Exchange about Press Release on Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and half year ended September 30, 2026.". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/TATACAPITAL_27102026165929_TCLQ2FY27PressReleasvFSigned.pdf)
- [Tata Capital Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/TATACAPITAL_27102026170131_TCLQ2FY27PrsentationSigned.pdf)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Weak Uptrend
- Weekly trend: Weak Uptrend
- Pivot point: ₹347.25
- Risk regime: Price Risk Requires Attention

### Support levels
- 346.025
- 322.87812499999995
- 318.615625

### Resistance levels
- 359.73125
- 364.95
- 373.2

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +2.77% |
| return_10 | +16.54% |
| return_1m | +10.99% |
| return_1y | +9.51% |
| return_20 | +13.53% |
| return_3m | -6.58% |
| return_5 | +11.75% |
| return_6m | +8.83% |
| return_since_start | +8.17% |
| return_ytd | +5.01% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -21.73% |
| annualized_volatility | +28.20% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# Tata Capital Limited FY2026-27 Q2: PBT rises 10% QoQ

Tata Capital reported consolidated income of ₹9,356 crore for Q2 FY2026-27, up 6.0% quarter on quarter (QoQ), while profit before tax (PBT) rose 10.3% to ₹2,380 crore. Profit for the period increased 12.5% QoQ to ₹1,832 crore. The loan book and total assets were higher at 30 September 2026 than at 31 March 2026, alongside increases in borrowings and debt securities.

## Income and lending

Interest earned rose 5.5% QoQ to ₹8,376 crore and remained the largest income component. Revenue from operations increased 5.9% to ₹9,342 crore. Other income rose to ₹14.3 crore from ₹3.5 crore in Q1 FY2026-27, but was small relative to total income.

Compared with Q2 FY2025-26, income increased 20.7% to ₹9,356 crore and revenue from operations rose 20.7% to ₹9,342 crore. The loan book stood at ₹2,98,217 crore on 30 September 2026, up from ₹2,68,203 crore on 31 March 2026, providing balance-sheet context for the growth in lending income.

## Expenses and profit

Total expenses increased 4.6% QoQ to ₹6,976 crore. Finance costs rose 7.1% to ₹4,680 crore, while impairment on financial instruments declined 4.9% to ₹645 crore. PBT reached ₹2,380 crore, up 10.3% QoQ and 58.3% year on year (YoY) from Q2 FY2025-26.

Profit for the period was ₹1,832 crore, up 12.5% QoQ and 63.7% YoY. Of this, ₹1,660 crore was attributable to owners of the parent and ₹172 crore to non-controlling interests. Tax expense increased 3.9% QoQ to ₹552 crore. Basic and diluted earnings per share were ₹3.91, compared with ₹3.65 in Q1 FY2026-27 and ₹2.73 in Q2 FY2025-26.

## Balance-sheet expansion and funding

Total assets reached ₹3,19,238 crore at 30 September 2026, compared with ₹2,90,504 crore at 31 March 2026. Borrowings increased to ₹1,42,160 crore from ₹1,36,887 crore, while debt securities rose to ₹1,10,912 crore from ₹90,481 crore. Financial liabilities totalled ₹2,67,245 crore at quarter-end. Subordinated liabilities declined to ₹7,774 crore from ₹8,609 crore over the same dates.

## Key Takeaway

Tata Capital’s Q2 profit growth outpaced income growth QoQ, with lower impairment expense accompanying higher lending income. The loan book and total assets expanded from March, while borrowings and debt securities also increased, marking further balance-sheet growth and higher debt funding.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q1
- As of: 2026-06-30
- Promoter holding: +85.41%
- FII holding: +4.33%
- DII holding: +3.57%
- Mutual fund holding: +1.82%
- Retail holding: +3.16%
- Promoter pledged: +0.00%

### Major reported shareholders

- Tata Sons Private Limited — +78.80% (Bodies Corporate)
- Tmf Holdings Limited — +4.39% (Bodies Corporate)
- Tata Investment Corporation Limited — +1.95% (Bodies Corporate)
- Tata Motors Limited — +0.10% (Bodies Corporate)
- Tata Chemicals Limited — +0.08% (Bodies Corporate)
- The Tata Power Company Limited — +0.05% (Bodies Corporate)
- Tata International Limited — +0.02% (Bodies Corporate)
- Tata Consumer Products Limited — +0.01% (Bodies Corporate)

## Official filings

- 2026-11-06 — Generic Announcement: Tata Capital Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/TATACAPITAL_06112026142924_SEIntimationPostalballotpublicationNov2026Signed.pdf)
- 2026-11-05 — Generic Announcement: Tata Capital Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/TATACAPITAL_05112026121133_SEPostalBallotNoticeNovember2026Signed.pdf)
- 2026-11-05 — Generic Announcement: Tata Capital Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/NOTICE_OF_SHAREHOLDERS_MEETINGS_2797_WebXMLFile_20261105_121859088.xml)
- 2026-11-02 — Generic Announcement: Tata Capital Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2797_WebXMLFile_20261102_210929193.xml)
- 2026-11-02 — Generic Announcement: Tata Capital Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/TATACAPITAL_02112026210700_SEIntimationTranscriptOctober2026Signed.pdf)
- 2026-11-02 — Generic Announcement: Tata Capital Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2797_WebXMLFile_20261102_210839515.xml)
- 2026-10-27 — Generic Announcement: Tata Capital Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/TATACAPITAL_27102026165030_Resultsrevisedsep2026Signed.pdf)
- 2026-10-27 — Generic Announcement: Tata Capital Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/TATACAPITAL_27102026165522_Resultsrevisedsep2026Signed.pdf)
- 2026-10-27 — Press Release: Tata Capital Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/TATACAPITAL_27102026165929_TCLQ2FY27PressReleasvFSigned.pdf)
- 2026-10-27 — Earnings Presentation: Tata Capital Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/TATACAPITAL_27102026170131_TCLQ2FY27PrsentationSigned.pdf)
- 2026-10-27 — Generic Announcement: Tata Capital Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/TATACAPITAL_27102026170704_Resultsrevisedsep2026Signed.pdf)
- 2026-10-27 — Generic Announcement: Tata Capital Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/TATACAPITAL_27102026173433_SEIntimationMonitoringAgencyReportSep2026Signed.pdf)
- 2026-10-27 — Financial Results Filing: Tata Capital Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_NBFC_INDAS_1746973_27102026055841_WEB.xml)
- 2026-10-27 — Financial Results Filing: Tata Capital Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_NBFC_INDAS_1746970_27102026055732_WEB.xml)
- 2026-10-27 — Generic Announcement: Tata Capital Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/TATACAPITAL_27102026221526_SEIntimationAudioRecordingSep2026Signed.pdf)
- 2026-10-27 — Generic Announcement: Tata Capital Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2797_WebXMLFile_20261027_221846563.xml)
- 2026-10-27 — Generic Announcement: Tata Capital Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2797_WebXMLFile_20261027_221817344.xml)
- 2026-10-24 — Generic Announcement: Tata Capital Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2797_WebXMLFile_20261024_202826793.xml)
- 2026-10-24 — Generic Announcement: Tata Capital Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/TATACAPITAL_24102026203415_SEIntimationEarningsCCallOctobersigned.pdf)
- 2026-10-21 — Official Filing: Tata Capital Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INVESTOR_DEBT_1484070_16072025023500_WEB.xml)
- 2026-10-19 — Generic Announcement: Tata Capital Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/TATACAPITAL_19102026185454_SEIntimationEarningSCallOctober272026signed.pdf)
- 2026-10-19 — Generic Announcement: Tata Capital Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/TATACAPITAL_19102026185315_SEIntimationEarningSCallOctober272026signed.pdf)
- 2026-10-19 — Generic Announcement: Tata Capital Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2797_WebXMLFile_20261019_185716546.xml)
- 2026-10-14 — Official Filing: Tata Capital Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INVESTOR_DEBT_1549362_15102025063325_WEB.xml)
- 2026-10-14 — Generic Announcement: Tata Capital Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/TATACAPITAL_14102026160028_SE-Certificate_under_SEBI_Regulations_for_September_2026.pdf)

## News and market events

- 2026-10-29 — MONEYCONTROL: **Tata Capital shares rally over 5% as brokerages give ‘Buy’ call after strong Q2 results; check target prices** — Brokerages issued 'Buy' calls on Tata Capital following its strong Q2 results, leading to a share price rally of over 5%. — [Source](https://www.moneycontrol.com/news/business/markets/tata-capital-shares-rally-over-5-as-brokerages-give-buy-call-after-strong-q2-results-check-target-prices-14063680.html)
- 2026-10-28 — Economic Times: **Tata Capital steps up AI led operations; employee costs touch Rs 788 crore** — As of September 2026, Tata Capital's workforce reached 31,655, marking a notable 6 percent rise. The firm's assets under management surged by 26 percent, showcasing robust growth. With over 80 percent of the team dedicated to frontline sales and collections, their operational effectiveness has markedly improved. The strategic incorporation of AI and digital innovations has streamlined productivity, even as employee costs rose by 9.1 percent due to business expansion. — [Source](https://cio.economictimes.indiatimes.com/news/artificial-intelligence/tata-capital-steps-up-ai-led-operations-employee-costs-touch-rs-788-crore/135260175)
- 2026-10-28 — MONEYCONTROL: **Neutral Tata Capital; target of Rs 340: Motilal Oswal** — Neutral Tata Capital; target of Rs 340: Motilal Oswal Follow Us On: Stocks: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Others Trending Topics more Sensex Today Jio Platforms Share Price Jio IPO Listing Price Cyclone Arnab Live Gold Price Akash Ambani Karnataka MLC Polls Israel exit polls HUL Q2 Results Prashant Kishor News more Business Markets Stocks India News City News Economy Mutual Funds Personal Finance IPO News Startups Markets more Home Currencies Commodities Pre-Market IPO Global Market US Markets Bonds Silver MCX Price Gold MCX Price Personal Finance more Home Loans up to 50 — [Source](https://www.moneycontrol.com/news/business/earnings/neutral-tata-capital-target-of-rs-340-motilal-oswal-14062358.html)
- 2026-10-28 — BUSINESSTODAY: **Tata Capital confident of meeting FY28 guidance, fresh price targets post Q2 earnings** — Shares of NBFC Tata Capital Ltd are in focus today after the Tata Group firm met Q2 earnings estimates. — [Source](https://www.businesstoday.in/markets/stocks/story/tata-capital-confident-of-meeting-fy28-guidance-brokerages-share-price-targets-post-q2-earnings-564139-2026-10-28)
- 2026-10-28 — MONEYCONTROL: **Tata Capital's strong Q2 bolsters outlook** — [Source](https://www.moneycontrol.com/news/business/moneycontrol-research/tata-capital-q2-fy27-strong-result-bolsters-outlook-14061706.html)
- 2026-10-28 — BUSINESSTODAY: **Jio IPO listing: How LIC, Reliance Power, NSE, LG, Hyundai, Paytm fared on debut days** — Jio Platforms Ltd has the potential to become the most-valued telecom stock on the Street when it debuts on the NSE and BSE on Wednesday. — [Source](https://www.businesstoday.in/markets/stocks/story/jio-ipo-listing-how-lic-reliance-power-nse-lg-hyundai-paytm-fared-on-debut-days-564131-2026-10-28)
- 2026-10-28 — Mint: **Top stocks to watch today: Jio Platforms, RIL, HUL, Adani Enterprises shares in focus on Wed, 28 Oct | Full list** — Top stocks to watch today: Jio Platforms, Reliance Industries, Hindustan Unilever, Adani Enterprises, TVS Motor, Larsen & Toubro, Maruti Suzuki among shares in focus on Wednesday. — [Source](https://www.livemint.com/market/stock-market-news/top-stocks-to-watch-today-jio-platforms-ril-hul-adani-enterprises-shares-in-focus-on-wed-28-oct-full-list-11793152271100.html)
- 2026-10-27 — DECCANCHRONICLE.COM: **"Only 3-4 % Of Our AUM To Be Impacted Due To RBI's Revolving Credit Curbs" Says Tata Capital CEO** — In August, the RBI proposed barring NBFCs from offering revolving credit products, unless they are authorised to issue credit cards. — [Source](https://www.deccanchronicle.com/business/only-3-4-of-our-aum-to-be-impacted-due-to-rbis-revolving-credit-curbs-says-tata-capital-ceo-1999502)
- 2026-10-27 — CNBC-TV18: **Stocks to Watch for October 28: Jio Platforms, TATA Capital, Infosys, AWL Agri and more** — From Tata Capital, AWL Agri Business and Vedanta Iron & Steel reporting their Q2 results to Jio Platforms making its market debut tomorrow, here are the stocks to watch in Wednesday’s trading session. — [Source](https://www.cnbctv18.com/photos/market/stocks-to-watch-for-october-28-jio-platforms-listing-price-tata-capital-infosys-awl-agri-and-more-20020516.htm)
- 2026-10-27 — MONEYCONTROL: **Tata Capital Q2 net profit surges 51% to Rs 1,660 crore** — Tata Capital Q2 net profit surges 51% to Rs 1,660 crore Follow Us On: Stocks: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Others Trending Topics more Sensex Today Jio IPO Allotment Jio IPO Listing Date Israel Elections 2026 live Microsoft Buyout news Gyanesh Kumar Benjamin Netanyahu Noel Tata Ather Share Price Anthropic IPO News more Business Markets Stocks India News City News Economy Mutual Funds Personal Finance IPO News Startups Markets more Home Currencies Commodities Pre-Market IPO Global Market US Markets Bonds Silver MCX Price Gold MCX Price Personal Finance more Home Loans up — [Source](https://www.moneycontrol.com/news/business/tata-capital-q2-net-profit-surges-51-to-rs-1-660-crore-14061609.html)
- 2026-10-27 — Economic Times: **Tata Capital Q2 Results: Profit jumps 51% to Rs 1,660 crore; NII up 23%** — Tata Capitals September-quarter net profit surged 51% year-on-year to Rs 1,660 crore, driven by loan growth, higher interest income and lower provisions. Its loan book crossed Rs 3 lakh crore, while improving margins and asset quality strengthened profitability. — [Source](https://economictimes.indiatimes.com/markets/stocks/earnings/tata-capital-q2-results-profit-jumps-51-to-rs-1660-crore-nii-up-23/articleshow/135234003.cms)
- 2026-10-27 — BUSINESSTODAY: **Tata Capital Q2 PAT jumps 51% YoY to Rs 1,660 crore; loan book crosses Rs 3 lakh crore** — Tata Capital Ltd on Tuesday reported a 51 per cent year-on-year (YoY) increase in profit after tax (PAT) to Rs 1,660 crore in the second quarter (Q2) of FY27, compared with Rs 1,097 crore in the corresponding quarter last year.The company's gross loan book rose 27 per cent YoY to Rs 3,03,739 crore in Q2 FY27 from Rs 2,39,960 crore in Q2 FY26, crossing the Rs 3 lakh crore mark during the quarter.Assets under management (AUM) grew 26 per cent YoY to Rs 3,08,030 crore as of September 30, 2026, compared with Rs 2,43,896 crore a year earlier. — [Source](https://www.businesstoday.in/markets/stocks/story/tata-capital-q2-pat-jumps-51-yoy-to-rs-1660-crore-loan-book-crosses-rs-3-lakh-crore-564051-2026-10-27)
- 2026-10-27 — CNBC-TV18: **Tata Capital Q2 Results: Net profit jumps 51% as loan book crosses ₹3 trillion; AUM grows 26%** — Tata Capital reported a 51.3% year-on-year rise in consolidated net profit to ₹1,660 crore for the September quarter, while assets under management (AUM) grew 26% to ₹3.08 lakh crore. The company’s loan book crossed ₹3 trillion, while its credit costs declined to 0.9% from 1.3% a year earlier. — [Source](https://www.cnbctv18.com/market/stocks/tata-capital-share-price-q2-results-net-profit-jumps-51-as-loan-book-crosses-rs-3-trillion-aum-grows-26-20020513.htm)
- 2026-10-27 — FREEPRESSJOURNAL.IN: **Tata Capital Q2 Results: Net Profit Jumps 64% To ₹1,832 Crore As Revenue Rises 21%** — Tata Capital — [Source](https://www.freepressjournal.in/business/tata-capital-q2-results-net-profit-jumps-64-to-1832-crore-as-revenue-rises-21)
- 2026-10-27 — Mint: **Q2 results 2026 today, schedule: L&T, Maruti Suzuki - 100 more firms to declare quarterly earnings; Oct 27 Tue list** — Q2 results 2026 today, schedule: Key companies announcing their quarterly earnings today include Larsen & Toubro (L&T), Maruti Suzuki, Bajaj Auto, Tata Steel, Cipla, Tata Capital, Indus Towers, Mazagon Dock Shipbuilders. — [Source](https://www.livemint.com/market/stock-market-news/q2-results-2026-today-schedule-l-t-maruti-suzuki-tat-53-more-firms-to-declare-quarterly-earnings-oct-22-tue-lis-11793066756896.html)
- 2026-10-22 — Economic Times: **India's glittering gold loan sector risks sliding into a dark zone** — The gold loan market in India is on a rapid growth trajectory, fueled by true demand alongside possible financial distress among borrowers. According to the Reserve Bank of India, there's significant annual growth in gold loans issued by banks and NBFCs. Heightened competition might bring challenges in assessing borrower viability and repayment options. While regulatory changes aim to create a stable environment, they could introduce operational hurdles for lenders. — [Source](https://economictimes.indiatimes.com/industry/banking/finance/india-gold-loan-boom-rbi-regulations-borrower-stress-default-risks-nbfc-growth/articleshow/135113574.cms)
- 2026-09-29 — Economic Times: **Tata Sons shake-up could hit Tata Group credit ratings, S&P warns** — S&P Global Ratings has indicated that upcoming changes within the Tata Group may affect credit quality. The agency pointed out that leadership transitions could challenge the continuity of the group's strategies and financial policies. Significant growth plans exist for various Tata companies, emphasizing their importance to Tata Sons. A potential public listing of Tata Sons might introduce public shareholder scrutiny and impact group support assessments. — [Source](https://economictimes.indiatimes.com/news/company/corporate-trends/tata-sons-shake-up-could-hit-tata-group-credit-ratings-sp-warns/articleshow/134573706.cms)
- 2026-09-29 — REDIFF.COM: **Amid some bumps, outlook positive for Tata Capital** — Tata Capital remains confident in its 23-25 per cent growth guidance, driven by strong momentum in Retail and SME segments, despite facing pressures from rising funding costs and potential impacts from new RBI regulations on revolving credit. — [Source](https://www.rediff.com/business/report/tata-capitals-growth-outlook-navigating-rising-costs-and-rbi-regulations/20260929.htm)
- 2026-09-29 — Economic Times: **Change in Tata structure could affect rating, says S&P** — The leadership transition or changes in the group structure or stakeholder priorities may raise questions around the continuity of the group's strategy and financial policy, and the likelihood of group support over the longer term, the rating agency said. — [Source](https://economictimes.indiatimes.com/news/company/corporate-trends/change-in-tata-structure-could-affect-rating-says-sp/articleshow/134568387.cms)
- 2026-09-29 — MONEYCONTROL: **Tata Sons listing, leadership transition may reshape group's long-term financial strategy: S&P** — tata sons, tata sons listing, tata trusts vs tata sons, tata vs tata, noel tata, n chandrasekaran — [Source](https://www.moneycontrol.com/news/business/companies/tata-sons-listing-leadership-transition-may-reshape-group-s-long-term-financial-strategy-s-p-14041003.html)
- 2026-09-29 — NEWS.WEBINDIA123.COM: **Tata Sons IPO unlikely to affect group ratings immediately, but could change support outlook: S&P Global** — A potential initial public offering (IPO) of Tata Sons is unlikely to have any immediate impact on the credit ratings of Tata group companies, but a change in the holding company's ownership structure could influence how S&P Global Ratings assesses group support over the longer term, the ratings agency said. — [Source](https://news.webindia123.com/news/Articles/Business/20260929/4504912.html)
- 2026-09-29 — BUSINESSTODAY: **Affordable housing loans: Why ₹10-15 lakh borrowers remain the sweet spot for specialist lenders** — Affordable housing loans: Why ₹10-15 lakh borrowers remain the sweet spot for specialist lenders — [Source](https://www.businesstoday.in/personal-finance/story/affordable-housing-loans-why-rs10-15-lakh-borrowers-remain-the-sweet-spot-for-specialist-lenders-558535-2026-09-29)
- 2026-09-29 — The Hindu: **Tata leadership transition, IPO unlikely to impact ratings, S&P Global says** — S&P Global says Tata leadership transition and potential Tata Sons listing won’t immediately affect ratings, but could influence long-term capital allocation and group support. — [Source](https://www.thehindubusinessline.com/companies/tata-leadership-transition-ipo-unlikely-to-impact-ratings-sp-global-says/article71522981.ece)
- 2026-09-29 — Economic Times: **Tata leadership transition, IPO unlikely to impact ratings, S&P Global says** — S&P Global said a potential Tata Sons leadership transition or listing would not immediately affect group company ratings, with financial policy changes likely to be gradual. The agency said a listing would be credit-neutral near term, though greater scrutiny of capital allocation, shareholder returns and support for weaker group companies could affect its longer-term assessment. — [Source](https://economictimes.indiatimes.com/news/company/corporate-trends/tata-leadership-transition-ipo-unlikely-to-impact-ratings-sp-global-says/articleshow/134559713.cms)
- 2026-09-28 — REDIFF.COM: **Tata's Unlisted Companies Burn Rs 31,823 Crore** — Seven of them posted losses, led by Air India, with their combined net loss widening to Rs 31,823 crore in FY26 from Rs 17,553 crore a year earlier and Rs 1,555 crore in FY20. — [Source](https://www.rediff.com/business/report/tatas-unlisted-companies-burn-rs-31823-crore/20260928.htm)

## Business profile

**Strategic vision:** Diversified financial solutions for retail, corporate, and institutional customers.

### Business segments
- **Retail Segment:** This segment includes personal loans, home loans, used car loans, two-wheeler loans, and education loans, facilitated by digital-first onboarding and branch support.
- **Commercial Segment:** Offerings include business loans, supply-chain finance, equipment finance, mid-market corporate credit, cleantech finance, and leasing solutions to meet capital expenditure and working capital needs.
- **Wealth Management:** Provides investment and advisory solutions to retail and High Net Worth Individual (HNI) clients, including wealth product distribution and institutional distribution.
- **Other offerings:** Tata Capital also markets Tata Cards, which are issued by SBI Cards and Payments Services Private Limited.

### Competitive strengths
- Diversified asset mix aimed at growth and stability.
- Integration of digital platforms with physical servicing.
- Partnerships with e-commerce platforms and automotive OEMs for point-of-sale financing.

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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/tatacap
Markdown representation: https://faxioms.com/stocks/tatacap?render=md