Moneycontrol PRO
Sansaar
HomeNewsBusinessStocksSubscribe for Tata Capital Ltd IPO; Ajcon Global

Subscribe for Tata Capital Ltd IPO; Ajcon Global

Ajcon Global, has come out with its report on Tata Capital Ltd. The research firm has recommended to “ Subscribe” the ipo in its research report as on October 04, 2025.

October 06, 2025 / 12:08 IST
IPO

Ajcon Global, Tata Capital Ltd

Tata Capital Ltd. (TCL) is the Tata group's flagship financial services company and a subsidiary of Tata Sons Private Limited, the group's parent company and promoter. According to the CRISIL Report, the Tata Group is one of India's most prestigious corporate organizations, with a 150-year record that includes enterprises in ten verticals including automotive, technology, steel, financial services, aerospace and defense, consumer and retail. The "Tata Group" brand was named the most valuable brand in India by the Brand Finance India 100 2025 survey. With total gross loans of ₹2,334.0 billion as of June 30, 2025, it is the third largest diversified NBFC in India, according to the CRISIL Report. It is also one of the fastest growing large diversified NBFCs in India in terms of total gross loan growth, with total gross loans growing at a CAGR of 37.3% from March 31, 2023 to March 31, 2025. Its metrics, including the Gross Stage 3 Loans Ratio of 2.1%, the Net Stage 3 Loans Ratio of 1.0%, and the Provision Coverage Ratio ("PCR") of 53.9%, are among the best among large diversified NBFCs in India as of June 30, 2025.

Valuation and Outlook

At the upper price band of ₹326, the issue is valued at a P/E multiple of ~37.78x on its FY25 EPS of ₹8.63 post IPO. We give a ‘SUBSCRIBE’ rating to the issue for the following reasons.

For all IPO report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

TATA CAPITAL - 061025 - aj

Broker Research
first published: Oct 6, 2025 12:08 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347