Tata Elxsi Share Price Target 2024-2030 Fundamentals & Quarterly Results

 Tata Elxsi Share Price Target 2024 2025 2026 2027 2028 2029 2030 Fundamentals & Quarterly Results –TATA ELXSI is in the industrial sector which covers Automobile, Broadcast, Communication Healthcare and Transport sectors. It engages more than 12000 employees who use design thinking and Digital Technology comprising IoT (Internet of things), Cloud, Mobility, Virtual Reality or AI (Artificial intelligence) applications.IEX Share Price Target

Latest Update – As per a regulatory filing by the firm, this company had net profit of ₹188 crore in the same quarter last year. This is compared with a net profit that declined by 3% year-on-year to ₹184.1 crore. Tata Elxsi Ltd designs and technology services business had registered these results in its first quarter ended June 30, 2024 which were announced on Wednesday (July 10).

Tata Elxsi Overview

Tata Elxsi is one of the largest companies that offers design and technology services in different sectors such as integrated services research and strategy, electronics, and mechanical design. Moreover developers can write software while coming up with new products that they intend to launch on the market later on. This is possible through validation and deployment processes. It also has a worldwide web of offices including design studios and global development centers.

Company NameTata Elxsi
Listed atNSE & BSE
Head OfficeTata Elxsi Limited, ITPB Road, Whitefield, Bangalore 560048, India
Board Of Directors
  • Mr.N G Subramaniam Chairman, Non Ind & Non Exe Director
  • Mrs.Shyamala Gopinath Ind. Non-Executive Director
  • Mr.Sudhakar Rao Ind. Non-Executive Director
  • Prof.Anurag Kumar Ind. Non-Executive Director
  • Mr.Manoj Raghavan Managing Director & CEO
  • Mr.Ankur Verma Non Exe.Non Ind.Director
Official Websitetataelxsi.com

Tata Elxsi Business Profile

Tata Elxsi Limited´s services include product design, IT support, systems integration and support and other services in India and other countries such as Europe, the U.S, among others. The Company divides its activities into two business segments: Systems Integration & Support and Services; Software Development.

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Embedded Product & Design

The division offers consultancy services in technology, design, build and trial of new goods to industries such as automobile, transmission web, broadcast, consumer electronic media, medical care and telecommunication.

This company works with main OEMs and suppliers in car and transport sectors while researching on development, design as well as product engineering. It also covers full product life span-spanning R&D till testing for broadcasting systems, consumer electronics and communications.

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Industrial Design & Visualization

The company helps customers create innovative products, services and experiences. It build brands with help of design and technology. The division’s services span across consumer research and strategy, branding and graphics, product design, etc. The segment crossed Rs. 100 crores in revenues for the first time in Q2FY24.

System Integration & Support

For Experience Centers, Training & Safety, and Design Visualization, the organization combines systems and solutions that are whole. To deal with the new technological demands of its customers, it enhances its inventories.

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Revenue Breakdown

Transportation : 46.2%
Media & Communications : 38.4%
Healthcare & medical devices : 15.4%

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Geographical Split 
Europe : 40%
Americas : 40%
India : 15%
RoW : 5%

Onsite/Offsite Mix
Onsite : 26%
Offsite : 74%

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Client Concentration

Revenue concentration from important clients grew from 46.5 percent up to 53.2% in the second quarter of fiscal year 2024, and it stood at 44.5% on the 5 largest customers.

Partnership with INVIDI

On September 23, the company teamed up with INVIDI Technologies to redefine addressable advertising for pay-TV operators.

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Partner with Brain Chip

Brain Chip has come together with Tata Elxsi to establish edge AI. It is using BrainChip’s first-to-market, fully-digital, neuromorphic technology to provide smart, power-saving solutions for its intended markets, to incorporate Akida™ technology into medical digital equipment, and industrial applications.

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Partners with Ateme

In September 23, Tata Elxsi will partner with Ateme so as to allow the fast launching of FAST services which makes it have a strategic alliance aimed at ensuring a time-to-market acceleration for content and service providers that are launching FAST channels.

NEURON Autonomous Network Platform

World’s largest telecommunications operator can use Tata Elxsi’s NEURON Autonomous Network Platform to move closer to zero touch automation. The product was also selected as the best in 2023 Industry DevOps Awards, held in London.

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Tata Elxsi Fundamentals & Quarterly Results

Market Cap₹ 45,081 Cr.
Current Price₹ 7,239
High / Low₹ 9,200 / 6,944
Stock P/E56.9
Book Value₹ 402
Dividend Yield0.84 %
ROCE42.8 %
ROE34.5 %
Face Value₹ 10.0
Debt to equity0.09
Debt Capacity0.06
Debt preceding year₹ 185 Cr.
Debt₹ 224 Cr.
Reserves₹ 2,443 Cr.
EPS₹ 127
EPS last year₹ 127
Pledged percentage0.00 %
FCF Prev Ann₹ 423 Cr.
EVEBITDA37.6
Industry PE35.3
PEG Ratio2.53
Piotroski score4.00
Earnings yield2.43 %
Sales growth 5Years17.3 %

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Tata Elxsi Quarterly Results

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales635682726763818838850882914906
Expenses425460488537571588599618644645
Operating Profit211221238227247250251264270261
OPM %33%32%33%30%30%30%30%30%30%29%
Other Income7181019192622313534
Interest3334444665
Depreciation14161722212121252528
Profit before tax200220228219240250248264274262
Tax %25%27%19%20%19%19%24%24%25%25%
Net Profit151160185174195202189200206197
EPS in Rs24.2425.6929.6627.9831.2632.3630.3232.1533.1531.62

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CAGR Report

Compounded Sales Growth:

Time PeriodGrowth Rate
10 Years16%
5 Years17%
3 Years25%
TTM13%

Compounded Profit Growth:

Time PeriodGrowth Rate
10 Years27%
5 Years22%
3 Years29%
TTM5%

Stock Price CAGR:

Time PeriodCAGR
10 Years39%
5 Years53%
3 Years27%
1 Year3%

Return on Equity:

Time PeriodROE
10 Years35%
5 Years35%
3 Years37%
Last Year35%

Tata Elxsi Shareholding Pattern

Shareholder TypeSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters43.92%43.92%43.92%43.92%43.92%43.92%43.92%
FIIs15.37%13.89%13.85%14.22%13.80%15.02%14.56%
DIIs3.91%3.43%3.54%4.08%4.80%5.71%6.06%
Public36.80%38.75%38.67%37.77%37.46%35.34%35.47%
No. of Shareholders4,96,5485,79,0545,82,9035,62,3625,66,9205,16,3305,37,460

Tata Elxsi Share Price Target 2024-2030 Forecast

YearInitial TargetMid-Year TargetYear-End Target
2024₹9941.4₹11461.9₹12374.2
2025₹12622₹11862₹14159
2026₹14442₹13574₹16203
2027₹16527₹15533₹18541
2028₹18912₹17776₹21219
2029₹21643₹20342₹24283
2030₹24769₹23279₹27788

TATA ELXSI Share Price Target 2025

MonthTarget
January₹12622
February₹12874
March₹13131
April₹12694
May₹12271
June₹11862
July₹12336
August₹12829
September₹13342
October₹13609
November₹13881
December₹14159

TATA ELXSI Share Price Target 2026

MonthTarget
January₹14442
February₹14731
March₹15026
April₹14526
May₹14042
June₹13574
July₹14117
August₹14682
September₹15269
October₹15574
November₹15885
December₹16203

TATA ELXSI Share Price Target 2027

MonthTarget
January₹16527
February₹16858
March₹17195
April₹16622
May₹16068
June₹15533
July₹16154
August₹16800
September₹17472
October₹17821
November₹18177
December₹18541

TATA ELXSI Share Price Target 2028

MonthTarget
January₹18912
February₹19290
March₹19676
April₹19021
May₹18388
June₹17776
July₹18487
August₹19226
September₹19995
October₹20395
November₹20803
December₹21219

TATA ELXSI Share Price Target 2029

MonthTarget
January₹21643
February₹22076
March₹22518
April₹21768
May₹21043
June₹20342
July₹21156
August₹22002
September₹22882
October₹23340
November₹23807
December₹24283

TATA ELXSI Share Price Target 2030

MonthTarget
January₹24769
February₹25264
March₹25769
April₹24911
May₹24081
June₹23279
July₹24210
August₹25178
September₹26185
October₹26709
November₹27243
December₹27788

Official Website – tataelxsi.com

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