Founded by Jamsetji Tata in 1868, the Tata Group is one of the oldest and most trusted business groups in India. It operates in more than 100 countries and touches the lives of several people in different ways. It not only attracts investments from Indian investors but also from foreign investors.
Here are three Tata Group companies with high FII (Foreign institutional investors) and FPI Foreign portfolio investors) stake:
Tata Consumer Products Ltd (TCPL)
Tata Consumer Products is a leading company in the food and beverages industry in India and internationally. It is the second-largest tea company globally, with a leadership position in many markets.
According to the latest shareholding pattern of the company, FIIs and FPIs hold 23,23,91,520 shares or a 25.04 percent stake in the company.
With a market capitalization of ₹ 3844 crores, TCPL is a small-cap company. Its shares closed at ₹ 700.90 apiece. The company has a return on equity of 15.87 percent and an ideal debt-to-equity ratio of 0.62. Moreover, it has a dividend yield of 0.97 percent.
Tata Steel Ltd
Set up in 1907, Tata Steel is Asia’s first integrated private steel company. It has presence across the entire value chain of steel manufacturing from mining and processing iron ore and coal to producing and distributing finished products.
According to the latest shareholding pattern of the company, FIIs and FPIs hold 2,60,88,65,969 shares or a 21.35 percent stake in the company.
With a market capitalization of ₹ 1,31,993 crores, Tata Steel is a large-cap company. Its shares closed at ₹ 106.15 apiece. It has an excellent return on equity of 42.56 percent and an ideal debt-to-equity ratio of 0.81. Moreover, it has a high dividend yield of 4.72 percent.
Voltas Ltd
The Tata Group company is engaged in the business of air conditioning, refrigeration, and electro-mechanical projects as an EPC contractor both in domestic and international geographies. Moreover, it provides engineering product services for mining, water management and treatment, construction equipment and the textile industry.
According to the latest shareholding pattern of the company, FIIs and FPIs hold 6,80,79,040 shares or a 20.57 percent stake in the company.
With a market capitalization of ₹ 28,703 crores, Voltas is a mid-cap company. Its shares closed at ₹ 856.95 apiece. The company has a low return on equity of 9.61 percent but an ideal debt-to-equity ratio of 0.07. It has a dividend yield of 0.63 percent.
Written by Simran Bafna
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