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Tata Consumer Products

TATACONSUM · Food Processing · INE192A01025

Analyst mean 2.00 · 28 analysts · 25% bullish
₹1,096.10
Close 2026-07-31 · Balanced risk

Reading the Statements forensic interpretation

What the numbers mean when read together — computed from the filings, not a score.

Operating cash flow backs the profit

Operating cash flow is 147% of trailing profit — the earnings are converting to cash, not just accruals.

Full read

Last operating cash flow ₹2,422 cr against trailing net profit ₹1,643 cr. A ratio at or above ~0.9 means reported profit is showing up as real cash.

Profit growing with revenue

Both revenue and profit grew over the last year (15.6% and 23.5%) — growth is translating to the bottom line.

Full read

Trailing revenue ₹20,861 cr, trailing profit ₹1,643 cr. Profit growing at least as fast as revenue indicates operating leverage or pricing power.

Free cash flow is variable

Free cash flow swings between positive and negative across the cycle.

Full read

Latest ₹2,016 cr, negative in 2 of 12 years.

Deleveraging

Borrowings have fallen 19% over two years — the balance sheet is getting lighter.

Full read

Borrowings down to ₹2,820 cr from ₹3,477 cr. Falling debt reduces finance cost and financial risk.

Price & Valuation 10-year, split-adjusted

Markers show corporate actions (splits, bonus, dividends). Prices are split-adjusted so the series is continuous.

Valuation & Quality

Valuation
P/E (TTM) 65.2x
P/B 4.91x
P/S 5.13x
PEG 9.91
P/FCF 92.9x
Dividend Yield 0.92%
Leverage
Debt / Equity conservative 0.13
Payout Ratio 49.9%
Returns & Margins
Operating Margin (TTM) 10.6%
Net Margin (TTM) 8.3%
Return on Equity 7.1%
Implied Growth (Graham) growth the market is pricing in 28.3%
Rule of 40 22.5
Growth 11.9% + Margin 10.6% — below 40

Ownership & Skin in the Game

Promoter33.83% ▲ 0.00
FII20.08%
DII
Mutual Funds10.24%

Quarterly Financials ₹ cr

MetricSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue4,2144,4444,6084,7794,9665,1125,4345,349
Expenses3,5883,8793,9874,1724,2944,3914,6414,625
Other Income19451024138105572
Depreciation149150153149153159165165
Profit before tax397402530465523540644592
Net Profit367282349332407385424427
EPS3.682.823.493.384.093.894.244.31

Balance Sheet ₹ cr, annual

ItemMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital929293959999
Reserves14,44215,05016,18415,96219,90221,689
Borrowings1,6341,4121,6003,4772,3932,820
Fixed Assets12,02312,59913,07019,35821,47722,019
CWIP113247295190218481
Investments8067971,4338719691,443
Total Assets20,21821,07522,76227,87931,83134,279
DISCLAIMER: FinMinutes is a financial data and analytics platform, not a SEBI-registered investment adviser. Everything here is for educational and informational purposes. Forensic interpretations are computed from disclosed data and are not recommendations. Do your own due diligence.