ET Graphics | Decoding Chandra era
In July 2021, the Tata Group acquired a manufacturer of wireline and wireless network products. During the tenure of N Chandrasekaran, the chairman of Tata Sons, the group's market capitalization grew three-fold. At the end of March 2017, the group's market cap was Rs 8.2 lakh crore, but it surged to Rs 27.5 lakh crore by the present day. This represents an annualized growth rate of 11.5%.
The annualized revenue growth rate stood at 7%, while net profit expanded at a rate of 12.5%. Between FY17 and FY26, the financials of the Tata Group entities combined yielded a market capitalization of Rs 133.1 lakh crore and a net profit of Rs 1.6 lakh crore. One of the top value creators during this period was Trent, the retail entity of the Tata Group, which delivered an annualized stock return of 31%. Tejas Networks also performed well, with a return of 30.4%.
Written by urgent.news from The Economic Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
