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.
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
Contents
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 Name | Tata Elxsi |
Listed at | NSE & BSE |
Head Office | Tata Elxsi Limited, ITPB Road, Whitefield, Bangalore 560048, India |
Board Of Directors |
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Official Website | tataelxsi.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/E | 56.9 |
Book Value | ₹ 402 |
Dividend Yield | 0.84 % |
ROCE | 42.8 % |
ROE | 34.5 % |
Face Value | ₹ 10.0 |
Debt to equity | 0.09 |
Debt Capacity | 0.06 |
Debt preceding year | ₹ 185 Cr. |
Debt | ₹ 224 Cr. |
Reserves | ₹ 2,443 Cr. |
EPS | ₹ 127 |
EPS last year | ₹ 127 |
Pledged percentage | 0.00 % |
FCF Prev Ann | ₹ 423 Cr. |
EVEBITDA | 37.6 |
Industry PE | 35.3 |
PEG Ratio | 2.53 |
Piotroski score | 4.00 |
Earnings yield | 2.43 % |
Sales growth 5Years | 17.3 % |
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Tata Elxsi Quarterly Results
Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|
Sales | 635 | 682 | 726 | 763 | 818 | 838 | 850 | 882 | 914 | 906 |
Expenses | 425 | 460 | 488 | 537 | 571 | 588 | 599 | 618 | 644 | 645 |
Operating Profit | 211 | 221 | 238 | 227 | 247 | 250 | 251 | 264 | 270 | 261 |
OPM % | 33% | 32% | 33% | 30% | 30% | 30% | 30% | 30% | 30% | 29% |
Other Income | 7 | 18 | 10 | 19 | 19 | 26 | 22 | 31 | 35 | 34 |
Interest | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 6 | 6 | 5 |
Depreciation | 14 | 16 | 17 | 22 | 21 | 21 | 21 | 25 | 25 | 28 |
Profit before tax | 200 | 220 | 228 | 219 | 240 | 250 | 248 | 264 | 274 | 262 |
Tax % | 25% | 27% | 19% | 20% | 19% | 19% | 24% | 24% | 25% | 25% |
Net Profit | 151 | 160 | 185 | 174 | 195 | 202 | 189 | 200 | 206 | 197 |
EPS in Rs | 24.24 | 25.69 | 29.66 | 27.98 | 31.26 | 32.36 | 30.32 | 32.15 | 33.15 | 31.62 |
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CAGR Report
Compounded Sales Growth:
Time Period | Growth Rate |
---|---|
10 Years | 16% |
5 Years | 17% |
3 Years | 25% |
TTM | 13% |
Compounded Profit Growth:
Time Period | Growth Rate |
---|---|
10 Years | 27% |
5 Years | 22% |
3 Years | 29% |
TTM | 5% |
Stock Price CAGR:
Time Period | CAGR |
---|---|
10 Years | 39% |
5 Years | 53% |
3 Years | 27% |
1 Year | 3% |
Return on Equity:
Time Period | ROE |
---|---|
10 Years | 35% |
5 Years | 35% |
3 Years | 37% |
Last Year | 35% |
Shareholder Type | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
---|---|---|---|---|---|---|---|
Promoters | 43.92% | 43.92% | 43.92% | 43.92% | 43.92% | 43.92% | 43.92% |
FIIs | 15.37% | 13.89% | 13.85% | 14.22% | 13.80% | 15.02% | 14.56% |
DIIs | 3.91% | 3.43% | 3.54% | 4.08% | 4.80% | 5.71% | 6.06% |
Public | 36.80% | 38.75% | 38.67% | 37.77% | 37.46% | 35.34% | 35.47% |
No. of Shareholders | 4,96,548 | 5,79,054 | 5,82,903 | 5,62,362 | 5,66,920 | 5,16,330 | 5,37,460 |
Year | Initial Target | Mid-Year Target | Year-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 |
Month | Target |
January | ₹12622 |
February | ₹12874 |
March | ₹13131 |
April | ₹12694 |
May | ₹12271 |
June | ₹11862 |
July | ₹12336 |
August | ₹12829 |
September | ₹13342 |
October | ₹13609 |
November | ₹13881 |
December | ₹14159 |
Month | Target |
January | ₹14442 |
February | ₹14731 |
March | ₹15026 |
April | ₹14526 |
May | ₹14042 |
June | ₹13574 |
July | ₹14117 |
August | ₹14682 |
September | ₹15269 |
October | ₹15574 |
November | ₹15885 |
December | ₹16203 |
Month | Target |
January | ₹16527 |
February | ₹16858 |
March | ₹17195 |
April | ₹16622 |
May | ₹16068 |
June | ₹15533 |
July | ₹16154 |
August | ₹16800 |
September | ₹17472 |
October | ₹17821 |
November | ₹18177 |
December | ₹18541 |
Month | Target |
January | ₹18912 |
February | ₹19290 |
March | ₹19676 |
April | ₹19021 |
May | ₹18388 |
June | ₹17776 |
July | ₹18487 |
August | ₹19226 |
September | ₹19995 |
October | ₹20395 |
November | ₹20803 |
December | ₹21219 |
Month | Target |
January | ₹21643 |
February | ₹22076 |
March | ₹22518 |
April | ₹21768 |
May | ₹21043 |
June | ₹20342 |
July | ₹21156 |
August | ₹22002 |
September | ₹22882 |
October | ₹23340 |
November | ₹23807 |
December | ₹24283 |
Month | Target |
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