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The Tata Group is one of India’s largest conglomerates, founded by Jamsetji Tata in the year 1868. Based in Mumbai, it operates in over 100 countries across six continents. The group includes more than 100 companies in various industries like steel, cars, IT services, consumer products, and telecommunications.

The company is actively Known for its philanthropy. The combined market capitalization of all publicly listed Tata Group companies is approximately Rs 31.6 trillion.

Return on Equity (ROE) measures how well a company uses shareholders’ money to generate profits while the Return on Capital Employed (ROCE) measures how efficiently a company uses its total capital including both debt and equity to produce profits.

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Here are a few Tata Group stocks that reported High ROE and ROCE in FY24 to keep under your radar.

Tata Consultancy Services Ltd (TCS)

With a market capitalization of Rs 13,74,873.26 crores, the shares of this company closed at Rs 3,808 per share on Friday’s trading session up by 0.59 percent. 

Reviewing the financials of TCS on a year-on-year basis, the revenue from operations increased by 6.84 percent from Rs. 2,25,458 crores in FY22-23 to Rs 2,40,893 crores in FY23-24. Also, the net profits of the firm increased by 9 percent from Rs. 42,303 crores in FY22-23 to Rs 46,099 crores in FY23-24.

Regarding the Return Ratios as of  March 2024, The ROE stood at 50.73 percent and the ROCE stood at 63.51 percent.

Tata Consultancy Services Limited (TCS) is an Indian multinational information technology ( services and consulting company headquartered in Mumbai.

Titan Company Ltd

With a market capitalization of Rs 3,02,135 crores, the shares of this company closed at Rs 3,403 per share on Friday’s trading session down by 0.88 percent. 

Reviewing the financials of Titan, On a year-on-year basis, the revenue from operations increased by 26 percent from Rs. 40,575 crores in FY22-23 to Rs 51,084 crores in FY23-24. Also, the net profits of the firm increased by 6.7 percent from Rs 3,274 crores in FY22-23 to Rs 3,496 crores in FY23-24.

Regarding the Return Ratios as of  March 2024, The ROE stood at 37.21 percent and the ROCE stood at 34.89 percent.

Titan Company Limited is a Tata Group company that mainly manufactures fashion accessories such as jewelry, watches, and eyewear. The company has its headquarters in  Bangalore and  Tamil Nadu.

Tata Elxsi Ltd

With a market capitalization of Rs 44,400 crores, the shares of this company closed at Rs 7,129.65 per share on Friday’s trading session down by 1.37 percent. 

Reviewing the financials of Tata Elxsi On a year-on-year basis, the revenue from operations increased by 13 percent from Rs. 3,145 crores in FY22-23 to Rs 3,552 crores in FY23-24. Also, the net profits of the firm increased by 5 percent from Rs. 755 crores in FY22-23 to Rs 792 crores in FY23-24.

Regarding the Return Ratios as of  March 2024, The ROE stood at 31.61 percent and the ROCE stood at 38.99 percent.

Incorporated in 1989, Tata Elxsi Limited is a global design and technology services company for product engineering and solutions.

Written By Zahal

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