Tata Capital's valuations soar in unlisted market
Bajaj Housing Finance has helped triple the value of Tata Capital, the non-bank lending arm of the Tata Group.
The company, which debuted in the unlisted market nearly a year ago at ₹300 apiece, has seen its valuations soar to ₹900 per share. Investment bankers attribute the surge to the successful listing of Tata Technologies and the uptick in NBFC valuations.
To be sure, the current valuations might deter some potential investors looking to buy into this story of growth from the central bank-registered Tata Sons subsidiary.
«The company is showing good growth in disbursal numbers and overall profitability. However, it is not advisable for new investors to invest at this price range,» said Rahul D Thalia, director of Sarffin Financial Advisors.
Tata Capital is engaged in the business of providing mortgage-based loans, business loans and investment-related services. It had a top line of ₹11,500 crore for FY24, with a net profit of ₹664 crore.
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