Tata Group is the biggest Indian conglomerate with giant companies like TCS, Tata Motors, Tata Steel, Tata Power, Titan Company, Voltas, etc listed under its umbrella. From common salt to IT to luxury cars, Tata Group companies are involved in manufacturing all. In Rakesh Jhunjhunwala, the Big Bull of India’s own word, “The House of Tatas ‘blessed by God’”.
There are 27 publicly listed companies in India that are owned by the Tata Group or have the majority stakes. However, not all is known to equity investors. Here is the list of 5 lesser known Tata Group stocks that have a market cap of less than Rs 1,000 Crore and doesn’t directly include the “Tata” word in their company name:
5 Tata Group Microcap Companies
1. TRF Ltd
TRF Ltd, established in 1962, is part of the Tata Group of Companies and involved in Industrial Machinery Manufacturing with a market cap of Rs 172.44 Cr. The company is engaged in the production of material handling equipment and undertaking turnkey projects of material handling for the infrastructure and industrial sectors.
2. Artson Engineering Ltd
Artson Engineering Limited, a microcap company with a market cap of Rs 282 Crores and based in Hyderabad, is an Engineering, Manufacturing, and Construction (EMC) Contracting Company based in Hyderabad with a diversified range of business in Pressure Equipment Manufacturing for Oil and Gas, Petrochemicals, Power, Metallurgy Industry, etc. Tata Projects Ltd had acquired around 75% stake and AEL is a subsidiary of TPL.
3. Automotive Stampings and Assemblies Ltd (ASAL)
Automotive Stampings and Assemblies Ltd manufactures sheet metal components, welded assemblies and modules for automobiles. The product range of ASAL includes Body-In-White (BIW) structural panels, Skin panels, Fuel tanks, Rear Twist Beam, etc. The company is being promoted by TATA Autocomp Systems Ltd (TACO) and has a market cap of Rs 615.86 Crores.
4. Oriental Hotels Limited
Oriental Hotels Ltd is a microcap company in the Hotel & Resorts industry with a market cap of Rs 965 Cr primarily engaged in owning, operating & managing hotels, palaces, and resorts. The company operates all its brands under the IHCL brands of Taj, SeleQtions, Vivanta and Gateway.
5. Tayo Rolls Ltd
Tayo Rolls Ltd is a penny stock in the Tata Group with a market cap of merely Rs 106.10. It is a metal fabrication and processing company and a subsidiary of Tata Steel. The company’s products are primarily cast rolls, forged rolls, special castings, and pig iron.
A few other Tata Group companies that you might not be aware of are Tejas networks (Tata Sons, through Panatone Finvest Limited, have its majority shareholding in Tejas Networks of 52.45%), NELCO, TinPlate company of India and Rallis India.
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