Tata Capital Latest Annual Report | Balance Sheet and Financials

Tata Capital Limited (Tata Capital) Return Comparision with Primex 40 Index

Periods	1 Week	1 Month	3 Months	6 Months	1 Year	3 Years	All Time
Primex-40
Tata Capital Limited

Tata Capital Limited Balance Sheet (Amt. in Lakhs)

Particulars	As at March 31, 2023	As at March 31, 2022	As at March 31, 2021
ASSETS
Financial Assets
Cash and cash equivalents	3,05,888	2,08,162	2,02,691
Bank balance other than above	25,771	5,420	2,372
Derivative financial instruments	22,958	3,521	1,154
Receivables
Trade receivables	7,361	3,233	2,663
Other receivables	39	22	7
Loans	1,16,75,613	90,11,053	73,62,635
Investments	12,65,897	6,78,008	3,82,328
Other financial assets	36,506	25,090	57,470
	1,33,40,033	99,34,509	80,11,320
Non-Financial Assets
Current tax assets (net)	14,087	16,565	14,150
Deferred tax assets (net)	38,107	84,099	73,930
Investments accounted using equity method	59,507	1,06,608	82,969
Investment property	1,987	2,016	2,127
Property, plant and equipment	48,627	56,280	76,575
Capital work-in-progress	1130	377	-
Intangible assets under development	872	772	755
Other intangible assets	3,255	2,514	2,710
Right of use assets	19,393	11,133	8,732
Other non-financial assets	29,227	22,683	19,758
	2,16,192	3,03,047	2,81,706
Total Assets	1,35,56,225	1,02,37,556	82,93,026
LIABILITIES AND EQUITY LIABILITIES
Financial Liabilities
Derivative financial instruments	6,232	34,305	21,555
Payables
Trade payables
Total outstanding dues of micro enterprises and small enterprises	703	203	111
Total outstanding dues of creditors other than micro enterprises and small enterprises	1,23,197	1,02,222	80,863
Other payables
Total outstanding dues of micro enterprises and small enterprises	-	-	-
Total outstanding dues of creditors other than micro enterprises and small enterprises	-	-	-
Debt securities	51,37,558	40,69,140	31,93,375
Borrowings (Other than debt securities)	54,93,413	38,63,992	31,22,451
Subordinated liabilities	7,02,620	6,88,845	5,90,482
Lease liabilites	20,538	12,345	10,243
Other financial liabilities	1,95,425	1,26,873	1,44,972
	1,16,79,686	88,97,925	71,64,052
Non-Financial Liabilities
Current tax liabilities (net)	30,677	34,939	28,695
Provisions	9,946	7,302	5,849
Other non-financial liabilities	21,049	13,791	13,751
	61,672	56,032	48,295
Equity
Equity share capital	3,50,707	3,46,335	3,46,360
Other equity	13,45,166	8,24,971	6,50,940
Equity attributable to owners of the Company	16,95,873	11,71,306	9,97,300
Non-controlling interest	1,18,994	1,12,293	83,379
Total Liabilities and Equity	1,35,56,225	1,02,37,556	82,93,026

Tata Capital Limited Profit & Loss Statement (Amt. in Lakhs)

Particulars	For the Year Ended March 31, 2023	For the Year Ended March 31, 2022	For the Year Ended March 31, 2021
Revenue from operations
Interest income	11,89,590	9,08,975	8,72,779
Dividend income	79	82	63
Rental income	26,926	30,339	37,735
Fee and commission income	31,414	25,813	14,976
Net gain on fair value changes	6,374	39,923	49,887
Net gain on de-recognition of associates	81,458	5,715	8,102
Net gain on de-recognition of investment carried at amortized cost	-	87	-
Total revenue from operations	13,35,841	10,10,934	9,83,542
Other income	27,859	20,207	15,230
Total income	13,63,700	10,31,141	9,98,772

Expenses
Finance costs	6,60,078	4,88,903	5,21,258
Impairment on investment in associates	765	267	5254
Impairment on financial instruments	57,429	1,08,061	1,39,777
Employee benefits expense	1,28,541	88,980	69,398
Depreciation, amortization and impairment	22,602	27,588	33,437
Other expenses	1,15,299	93,534	67,879
Total expenses	9,84,714	8,07,333	8,37,003
Profit from continuing operations before exceptional items, share of net profits of investments accounted for using equity method and tax	3,78,986	2,23,808	1,61,769
Share in profit of associates	14,670	10,964	-272
Profit from continuing operations before exceptional items and tax	3,93,656	2,34,772	1,61,497
Exceptional items	-	-	-
Profit before tax from continuing operations	3,93,656	2,34,772	1,61,497
Tax expenses
Current tax	1,08,455	66,138	42,738
Deferred tax	-7,960	-11,009	-5,705
Short / (Excess) of earlier years	-1416	-438	-
Net tax expense	99,079	54,691	37,033
Profit for the year from continuing operations	2,94,577	1,80,081	1,24,464
Other Comprehensive Income
Items that will not be reclassified to profit or loss
Owners of the Company
Re-measurement of defined employee benefit plans	-1233	-247	1584
Current tax relating to Re-measurement of defined employee benefit plans	314	62	-397
Changes in fair values of investment in equities carried at Fair Value Through Other Comprehensive Income (FVTOCI)	222995	-	-
Tax on Changes in fair values of investment in equities carried at FVTOCI	-53262	-	7
Non-controlling interest
Re-measurement of the defined employee benefit plans (net of tax)	-8	-	-
Changes in fair values of investment in equities carried at FVTOCI	5564	-	-
Items that will be reclassified to profit or loss
Owners of the Company
Debt instruments measured through FVTOCI	-1,212	-1,068	117
Income tax on Debt instruments through FVTOCI	211	182	-20
Fair value loss on financial assets carried at FVTOCI	-387	-1,056	1,029
Income tax relating to fair value gain on financial asset measured through FVTOCI	101	327	-302
The effective portion of gain on hedging instruments in a cash flow hedge	4,039	5,283	-2,463
Income tax relating to the effective portion of gain on hedging instruments in a cash flow hedge	-1,027	-1,361	629
Share of other comprehensive income in associates (net)	-858	1,338	158
Exchange differences in translating financial statements of foreign operations	4,763	1,603	-838
Non-controlling interest
Fair value loss on financial asset measured through FVTOCI	-39	-134	296
The effective portion of loss on hedging instruments in a cash flow hedge	43	124	-36
Total Other Comprehensive Income	1,80,004	5,053	-236
Total Comprehensive Income for the year	4,74,581	1,85,134	1,24,228
Profit for the year attributable to:
Owners of the company	2,97,490	1,64,821	1,12,583
Non-controlling interest	-2,913	15,260	11,881
Other comprehensive income for the year attributable to:
Owners of the company	1,74,444	5,063	-503
Non-controlling interest	5560	-10	267
Total comprehensive income for the year attributable to:
Owners of the company	4,71,934	1,69,884	1,12,080
Non-controlling interest	2,647	15,250	12,148
Earnings per equity share (Face value: Rs10 per share)
Basic	8.46	4.69	3.2
Diluted	8.46	4.69	3.2

Tata Capital Limited Consolidated Cash Flow Statement (Amt. in Lakhs)

Particulars	For the Year Ended March 31, 2023	For the Year Ended March 31, 2022	For the Year Ended March 31, 2021
1. CASH FLOW FROM OPERATING ACTIVITIES
Profit before tax	3,93,656	2,34,772	1,61,497
Adjustments for :
Depreciation, amortization, and impairment	22,602	27,588	33,437
Net loss / (gain) on de-recognition of property, plant and equipment, and right-to-use assets	310	-1,014	46
Interest expenses	6,60,078	4,88,903	5,21,258
Interest income	-11,89,590	-9,08,975	-8,72,779
Dividend income	-79	-82	-63
Provision for leave encashment	512	89	155
Exchange gains (net)	-282	-8	40
Net loss/(gain) on fair value changes
Realised	-6,433	-8,327	-15,317
Unrealised	58	-31,596	-34,570
Net loss / (gain) on de-recognition of investment in Associates	-81,458	-5,715	-8,102
Net gain on de-recognition of investment carried at amortized cost	-	-87	-
Rental income on fair valuation of security deposit	-3907	-	-
Share in profit of associates	-14,670	-10,964	272
Share based payments to employees	2,148	1,510	1,068
Interest on income tax refund	-208	-54	-2494
Impairment on financial instruments	55,775	1,08,081	1,39,765
Impairment on investments	765	264	5251
Provision against derivative current credit exposure	67	-	-
Provision against trade receivables	1587	-17	15
Provision against assets held for sale	-	-1	-466
	-1,59,069	-1,05,633	-70,987
Interest paid	-5,90,478	-4,48,837	-4,80,901
Interest received	11,42,176	8,62,646	8,68,764
Interest received on income tax refund	208	54	2494
Dividend received	2011	113	63
Cash generated from operation before working capital changes	3,94,848	3,08,343	3,19,433
Movement in working capital:
(Increase) / decrease in loans	-26,76,394	-17,08,722	-38,395
Increase in trade receivables	-5730	-566	1972
Decrease / (Increase) in other financial / non financial assets	-17,442	26,112	-11,974
Increase / (decrease) in other financial / non financial liabilities	73,479	-23,420	49,129
Increase / (decrease) in provisions	-1325	-314	880
Increase in trade payable	21,976	21,629	17,924
	-26,05,436	-16,85,281	19,536
Taxes paid (net)	-1,08,383	-61,746	-25,293
NET CASH (USED IN) / GENERATED FROM OPERATING ACTIVITIES	-23,18,971	-14,38,684	3,13,676
2. CASH FLOW FROM INVESTING ACTIVITIES
Purchase of property, plant and equipment (including capital advances)	-20,799	-3,996	-6,113
Proceeds from sale of property, plant and equipment	6,049	6,357	5,525
Investment in associates	-15,146	-18,914	-8,527
Purchase of mutual fund units	-3,72,05,094	-2,40,59,295	-9,17,58,675
Purchase of other investments	-8,72,099	-6,14,931	-1,70,504
Proceeds from redemption of mutual fund units	3,70,68,001	2,39,12,414	9,16,18,896
Proceeds from sale of associates	1,00,846	11,429	-
Proceeds from sale of other investments	7,30,884	5,07,395	55,258
Bank Balances not considered as cash and cash equivalents	-19,588	-2,169	1,566
NET CASH (USED IN) / GENERATED FROM INVESTING ACTIVITIES	-2,26,946	-2,61,710	-2,62,574
3. CASH FLOW FROM FINANCING ACTIVITIES
Proceeds from issue of Equity Shares	59379	-	-
Infusion of capital by minority shareholders	20,316	20,080	26,014
Payout of income/gain to contributors	-18,275	-3,571	-2,074
Repayment of lease obligation	-4,104	-3,670	-3,699
Redemption of preference shares	-4,020	-4,988	-30,740
Share and debt issue expenses	-4,211	-1,735	-2,766
Dividend paid on equity & preference shares	-13,611	-8,244	-9,075
Proceeds from debt Securities	36,66,450	65,28,619	34,32,987
Proceeds from borrowings (other than debt securities)	45,82,843	48,09,067	31,49,875
Proceeds from subordinated liabilities	12,900	1,07,100	54,908
Repayment of debt securities	-26,34,761	-56,63,063	-34,00,387
Repayment of borrowings (other than debt securities)	-30,12,018	-40,67,245	-35,06,130
Repayment of subordinated liabilities	-7,931	-6,792	12,419
NET CASH (USED IN) / GENERATED FROM FINANCING ACTIVITIES	26,42,957	17,05,558	-2,78,668
NET INCREASE IN CASH AND CASH EQUIVALENTS	97,040	5,164	-2,27,566
CASH AND CASH EQUIVALENTS AS AT THE BEGINNING OF THE YEAR	2,08,162	2,02,691	4,30,235
Exchange difference on translation of foreign currency cash and cash equivalents	686	307	22
CASH AND CASH EQUIVALENTS AS AT THE END OF THE YEAR	3,05,888	2,08,162	2,02,691

Let 's break down the Cash Flow Statement of TATA Capital Ltd for the years 2023, 2022, and 2021, activity-wise:

Cash Flow from Operating Activities:

Year Ended March 31, 2023:

The company generated a profit before tax of 3,93,656. Adjustments included depreciation, amortization, and impairment charges totaling 22,602, and interest expenses amounted to 6,60,078. Notably, there was a substantial interest income of -11,89,590. Various provisions and impairment charges, including 55,775 on financial instruments, impacted the operating cash flow. The net cash used in operating activities was -23,18,971, mainly due to significant working capital changes, including a substantial increase in loans.

Year Ended March 31, 2022:

With a profit before tax of 2,34,772, the company faced similar trends. Adjustments included depreciation, amortization, and impairment charges of 27,588, and interest expenses amounted to 4,88,903. The interest income was -9,08,975. Provisions and impairment charges, such as 1,08,081 on financial instruments, affected the overall cash flow. The net cash used in operating activities was -14,38,684, driven by working capital changes, including a significant increase in loans.

Year Ended March 31, 2021:

In this year, the company reported a profit before tax of 1,61,497. Adjustments included 33,437 for depreciation, amortization, and impairment charges, and interest expenses amounted to 5,21,258. The interest income was -8,72,779. Various provisions and impairment charges, including 1,39,765 on financial instruments, influenced the operating cash flow. Despite working capital changes, including an increase in trade receivables and provisions, the net cash generated from operating activities was 3,13,676.

Cash Flow from Investing Activities:

Year Ended March 31, 2023:

The company 's investing activities included a net cash outflow of -2,26,946. Major investments included the purchase of mutual fund units and other investments, while significant proceeds came from the redemption of mutual fund units and the sale of associates and other investments.

Year Ended March 31, 2022:

Investing activities resulted in a net cash outflow of -2,61,710. Key activities included the purchase of mutual fund units and other investments, with proceeds coming from the redemption of mutual fund units and the sale of associates and other investments.

Year Ended March 31, 2021:

Similarly, investing activities showed a net cash outflow of -2,62,574. The company invested in mutual fund units and other investments, with proceeds from the redemption of mutual fund units and the sale of associates and other investments.

Cash Flow from Financing Activities:

Year Ended March 31, 2023:

Financing activities resulted in a net cash inflow of 26,42,957. Key transactions included proceeds from debt securities, borrowings, and subordinated liabilities. The company also paid dividends on equity and preference shares.

Year Ended March 31, 2022:

Financing activities generated a net cash inflow of 17,05,558. The company raised funds through debt securities, borrowings, and subordinated liabilities, while also making repayments on various obligations.

Year Ended March 31, 2021:

In this year, financing activities showed a net cash outflow of -2,78,668. The company raised funds through the issuance of equity shares, capital infusion by minority shareholders, and proceeds from debt securities. However, significant repayments were made on debt securities and borrowings.

Overall Cash Position:

The net increase in cash and cash equivalents for the year ended March 31, 2023, was 97,040. The company ended the year with cash and cash equivalents of 3,05,888. In the previous year, the net increase was 5,164, and the cash and cash equivalents stood at 2,08,162. However, in the year ended March 31, 2021, there was a net decrease of -2,27,566, and the cash and cash equivalents were 2,02,691. Exchange differences in foreign currency cash and cash equivalents also contributed to the overall cash position.

This comprehensive analysis provides insights into the company 's financial performance, emphasizing the impact of operating, investing, and financing activities on its cash flow over the three years.

Dividend History of Tata Capital Limited

Particulars	2023	2022	2021
Dividend (final + interim) (In Rs.)	0.21	0.16	-
Retained Earnings (In Rs. Lakhs)	5,34,805	3,10,227	1,77,672

Tata Capital Limited Shareholding Pattern (As of 31-03-2023)

Particulars	No. Of Shares	% of Shares Held
Promoter	3,36,86,83,388	94.34 %
Public Shareholding	20,21,33,703	5.66 %
Total	3,57,08,17,091	100 %

Annual Report

Tata Capital Annual Report 2022-23

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Tata Capital Annual Report 2021-22

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Research Reports

2022-23

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Tata Capital Latest Annual Report, Balance Sheet and Financials

Tata Capital Limited (Tata Capital) Return Comparision with Primex 40 Index

Tata Capital Limited Balance Sheet (Amt. in Lakhs)

Tata Capital Limited Profit & Loss Statement (Amt. in Lakhs)

Tata Capital Limited Consolidated Cash Flow Statement (Amt. in Lakhs)

Let 's break down the Cash Flow Statement of TATA Capital Ltd for the years 2023, 2022, and 2021, activity-wise:

Dividend History of Tata Capital Limited

Tata Capital Limited Shareholding Pattern (As of 31-03-2023)

Annual Report

Tata Capital Annual Report 2022-23

Tata Capital Annual Report 2021-22

Research Reports

2022-23

Recent News