Tata Capital's Valuations Top Peers, Return Ratio Lags: Macquarie On IPO Implications Across NBFCs

Despite high valuation and lower return margins, Macquarie notes that the listing of Tata Capital (third largest NBFC) will have far-reaching implications across the unlisted NBFC sector.

Aug 22, 2025 - 12:00
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Tata Capital's Valuations Top Peers, Return Ratio Lags: Macquarie On IPO Implications Across NBFCs
Despite high valuation and lower return margins, Macquarie notes that the listing of Tata Capital (third largest NBFC) will have far-reaching implications across the unlisted NBFC sector.

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