Tata Sons is the largest shareholder in India’s most valuable company TCS and derives all its strength from TCS cash flows. Given improving financial profile of Tata Steel with turn in steel cycle, Tata Sons overall strength is rising.
Tata Sons Limited (TSL) is a core investment company and the key holding company of the multinational conglomerate, Tata group. The group has been operating since 1868. TSL’s subsidiaries and associates are operating in various businesses such as automotive (TML), steel production (Tata Steel), information technology (TCS), power (Tata Power Limited), hospitality (Indian Hotels Limited), financial services (Tata Capital Limited), coffee production (Tata Global Beverages Limited), chemicals (Tata Chemicals Limited) among others.
As of FY21, Tata Sons has 269 subsidiaries and together with subsidiaries had 39 associates and 40 joint ventures.
Tata Sons Ltd has been rated as AAA (stable) for its long-term bond program by CRISIL & ICRA.
Parameters(billion) | FY21 | FY20 |
Profit before taxes and exceptional items | 405.88 | 316.18 |
PAT | 193.17 | 109.16 |
Net worth | 1670.43 | 1556.13 |
Adjusted debt to equity | 1.56 | 1.51 |
ROE(%) | 13.37 | 6.01 |
ROA(%) | 6.74 | 3.19 |
Financial Performance during FY21-
Ø Operational revenue declined by 61.8% on yearly basis
Ø Total expenses decreased 22% on yearly basis to Rs 39.81 billion
Ø Consolidated net profit increased by 77.68% to Rs 193.97 billion
Ø Debt and borrowings stood at Rs 300.64 billion.
Ø Cash and bank balances fell 35% to Rs 912 crore.
Ø The carrying cost of investments in the company stood at Rs 958.06 billion during FY21 against Rs 845.34 billion in the previous year
Tata Bond bonds traded levels
Date | ISIN | Coupon(%) | yield(%) | Maturity |
29-Jul-21 | INE895D08451 | 9.6900 | 7.35 | 12-Jun-22 |
20-May-21 | INE895D07396 | 9.7400 | 8.48 | 13-Jan-24 |
19-May-21 | INE895D07396 | 9.7400 | 8.48 | 13-Jan-24 |
27-Apr-21 | INE895D08436 | 9.5400 | 7.54 | 25-Apr-22 |
20-Apr-21 | INE895D07396 | 9.7400 | 7.33 | 13-Jan-24 |
13-Nov-20 | INE895D08451 | 9.6900 | 7.08 | 12-Jun-22 |
12-Nov-20 | INE895D08451 | 9.6900 | 7.8 | 12-Jun-22 |
28-Oct-20 | INE895D07487 | 9.3000 | 7.85 | 19-Jun-24 |
20-Oct-20 | INE895D07487 | 9.3000 | 8.4 | 19-Jun-24 |
03-Sep-20 | INE895D08436 | 9.5400 | 7.51 | 25-Apr-22 |