Full Update on Tata Group Stocks and How They're Faring in 2024 so far

In 2024, Tata Group stocks have demonstrated a growing trend by achieving several milestones. Last month, Tata Group's combined market capitalisation surpassed Rs 300 billion (bn) for the first time.

Top Tata Group companies have shown consistent growth, attracting investors and performing well collectively in 2024.

The sectors where Tata Group operates such as automotive, steel, equipment and consumer goods have also shown resilience and growth potential.

In this article, we take a deep dive and look at the standout performers of Tata Group in 2024.

#1 Automotive Stampings and Assemblies Ltd.

First on the list is Automotive Stampings and Assemblies Ltd.

Automotive Stampings and Assemblies Ltd, incorporated in 1990, is a subsidiary of TATA Autocomp Systems Limited and part of TATA Enterprise.

The products of the company specialize in the manufacturing of stampings, assemblies, and welded sub-assemblies for automobiles.

Shares of the company saw a rise from Rs 418 in January to Rs 1017 in July 2024, marking a 143% increase at the peak.

Currently, it trades at Rs 971.

This growth is driven by global vehicle demand in 2024.

The financial summary of the company is as follows:

Particulars	FY24 (In CR)
Profit after tax (PAT)	20.17
Revenue from operations	879
Dividend	0
Debt Equity Ratio	-6.2
Return on Capital Employed (%)	65.3
Return on Equity (%)	-273

Source: Equitymaster

In FY24, the company's capital expenditure (capex) amounted to 54.2%, marking an increase from 44% in FY23.

Post 2025, the company anticipates adjusting its operational strategies to capitalize on stable economic conditions.

#2 TRF Ltd.

Second on the list is TRF.

The company was incorporated in 1962 and promoted by Tata Steel and ACC Ltd. TRF is a leader in handling bulk material equipment, systems, and allied services.

TRF manufactures coal handling systems, crushers & screens for the mining industry, and offers various solutions for iron ore, coal, and other raw material handling systems.

Shares of TRF Ltd. increased from Rs 252 in January to Rs 504 in July with a 99% rise in the share price.

TRF's emphasis on innovation and material handling is expected to drive customer needs and increase market share gains.

The company reached its 52-week high, of Rs 669 in May 2024. The financial summary of the company is as follows:

Particulars	FY24 (In CR)
Profit after tax (PAT)	42.3
Revenue from operations	127.1
Dividend	0.00
Debt Equity Ratio	-0.14
Return on Capital Employed (%)	34.9
Return on Equity (%)	-12

Source: Equitymaster

During FY 2023-24, the company's capital expenditure (capex) accounted for approximately 2.3% of its revenue from operations.

TRF continues to invest in property, plant, and equipment indicating support for its operational needs.

Overall, the financials indicate a stable asset base with well-managed debt, reflecting a stable operational capacity.

#3 Trent Ltd.

Third on the list is Trent.

The company was founded in 1998. It operates retail stores offering fashion and lifestyle products under the brands like Zudio and Westside.

Trent Ltd. grew from Rs 3000 in January to Rs 5639 in July, reflecting 88%. It shows a substantial appreciation in its stock price.

The company is expanding its retail presence with sustainable growth strategies in 2024.

The financial summary of the company is as follows:

Particulars	FY24 (In CR)
Profit after tax (PAT)	1,435
Revenue from operations	12,668
Dividend	Rs 3.2/Share
Debt Equity Ratio	0.39
Return on Capital Employed (%)	27.5
Return on Equity (%)	19.2

Source: Equitymaster

TRF allocated 2.8% of its capex in FY24 towards installing Dx inverter ACs in its retail stores. The initiative aimed to improve cooling efficiency and achieve energy savings.

The company's involvement and commitment to environmental sustainability show responsible innovation and business.

#4 Automobile Corporation of Goa Ltd.

Fourth on the list is the Automobile Corporation of Goa.

Established in 1980, the company is engaged in manufacturing buses and coaches for various applications. It focuses on quality, safety, and innovative design in public transportation.

Shares of the company advanced from Rs 1411 in January to Rs 2284 in July. The past few weeks have added to the positive sentiment and shares have shot up to Rs 3,000.

In 2024 so far, Auto Corp of Goa has delivered multibagger returns to shareholders.

The financial summary of the company is as follows:

Particulars	FY24 (In CR)
Profit after tax (PAT)	38.3
Revenue from operations	571.1
Dividend	Rs 20/Share
Debt Equity Ratio	0.28
Return on Capital Employed (%)	22
Return on Equity (%)	17.5

Source: Equitymaster

In FY24, TRF Limited allocated a modest 0.39% of its total expenditure towards capex, with Rs 6.9 million dedicated to enhancing its infrastructure.

Mainly, TRF's revenue from product sales in the Bus segment increased by 17% in FY24, reaching Rs 5.1 bn compared to Rs 4.3 bn.

The company has identified its profitable business segments and plans to build bus bodies and parts for bus bodies in future.

#5 Tejas Networks Ltd.

Fifth on the list is Tejas Networks.

The company was founded in 2000 and designs optical data networking products for telecom service providers.

Tejas Networks Ltd. share price increased from Rs 872 in January to Rs 1357 in July, up by 56%, demonstrating good performance.

However, shares have fallen since hitting a peak last month.

It is currently adapting to telecom sector shifts and focussing on advanced networking solutions.

The financial summary of the company is as follows:

Particulars	FY24 (In CR)
Profit after tax (PAT)	63
Revenue from operations	2470
Dividend	0.00
Debt Equity Ratio	0.5
Return on Capital Employed (%)	4.7
Return on Equity (%)	1.0

Source: Equitymaster

In FY24, the company did not allocate any funds towards capex. However, the company reported an impressive order book totalling Rs 82.2 bn in FY23-24 adding fuel to its stock price.

TRF effectively focussed on the approach of reusing, recycling, and safe disposal of waste materials.

The company managed e-waste by recycling 66.5 metric tonnes and ensured the safe disposal of 19.9 metric tonnes in FY23-24 and views the future with sustainable choices.

How Other Tata Group Stocks are Faring in 2024

Apart from these top 5 performers, here's how other Tata group stocks have performed in 2024 so far -

Company	Current Price (Rs)	Change (YTD)
Voltas Ltd.	1,452.0	49%
Tata Investment Corporation Ltd.	5,981.2	40%
The Indian Hotels Company Ltd.	609.0	40%
Rallis India Ltd.	333.9	32%
Tata Power Company Ltd.	434.7	32%
Tata Motors Ltd.	1,016.7	29%
Tata Consumer Products Ltd.	1,199.3	12%
Tata Consultancy Services Ltd.	4,155.3	9%
Oriental Hotels Ltd.	131.5	9%
Tata Steel Ltd.	149.8	7%
Tata Communications Ltd.	1,868.6	6%
Nelco Ltd.	815.4	1%
Tata Teleservices (Maharashtra) Ltd.	91.7	0%
Tayo Rolls Ltd.	91.9	0%
Tata Chemicals Ltd.	1,051.7	-6%
Titan Company Ltd.	3,374.2	-8%
Artson Engineering Ltd.	149.3	-12%
Benares Hotels Ltd.	7,912.8	-15%
Tata Technologies Ltd.	976.6	-17%
Tata Elxsi Ltd.	6,772.1	-23%

Source: Ace Equity

Conclusion

In assessing the performance of Tata Group's top five performing stocks of 2024, it was evident that each has demonstrated strong stock price appreciation.

These stocks have collectively demonstrated strong performance, consolidating Tata Group's leadership across diverse sectors and enhancing investor confidence.

The conglomerate's long-standing presence, trusted brand image, and commitment to excellence has made it a preferred choice among investors seeking stable and profitable investments.

The Tata group has big goals for its upcoming stage of development. With a renewed emphasis on India, the group is planning to devote over 80% of its capital expenditures to local businesses over the next five years.

It includes Tata Power's plan to spend over US$ 10 bn over the next five years in renewable energy, a US$ 5 bn project to build Giga factories and its investments in electronics. The group also intends to make 5G telecom gear and is also beefing up its play in the semiconductor space.

If you want to dig deeper, use Equitymaster's stock screener which has a separate section for the best Tata group companies.

Happy Investing!

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