Tata Elxsi Ltd - Stock Valuation and Financial Performance

BSE: 500408 | NSE: TATAELXSI | IT - Software | Mid Cap

Tata Elxsi Share Price

7,089 -19.50 -0.27%
as on 26-Jun'24 16:01

DeciZen - make an informed investing decision on Tata Elxsi

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Semi Strong

Tata Elxsi stock performance -

mw4me loader
P/E Ratio (SA):
55.72
Market Cap:
44,142.5 Cr.
52-wk low:
6,406.6
52-wk high:
9,191.1

Is Tata Elxsi Ltd an attractive stock to invest in?

1. Is Tata Elxsi Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Tata Elxsi Ltd is a good quality company.

2. Is Tata Elxsi Ltd undervalued or overvalued?

The key valuation ratios of Tata Elxsi Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Tata Elxsi Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Tata Elxsi Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Tata Elxsi:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Tata Elxsi Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 41.6%46.2%40.7%35.6%34.6%24.8%30.4%37.6%41.3%34.9%-
Value Creation
Index
2.02.41.91.61.60.81.32.32.72.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 8491,0751,2371,3861,5971,6101,8262,4713,1453,5523,552
Sales YoY Gr.-26.6%15.1%12%15.2%0.8%13.4%35.3%27.3%13%-
Adj EPS 17.224.730.736.946.539.758.987.9120.4126.2127.2
YoY Gr.-43.4%24.4%20.1%26%-14.7%48.4%49.3%37%4.8%-
BVPS (₹) 45.561.989.6118.6151.4175217.1257.1334.9399.9399.9
Adj Net
Profit
107154191230290247367547750786792
Cash Flow from Ops. 143121144197215256437483487701-
Debt/CF from Ops. 0000000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 17.2%17.3%24.8%13%
Adj EPS 24.8%22.1%28.9%4.8%
BVPS27.3%21.5%22.6%19.4%
Share Price 36.9% 51.9% 23.5% -6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
41.44640.635.534.524.33037.140.734.231.8
Op. Profit
Mgn %
20.923242526.121.428.73130.629.529.5
Net Profit
Mgn %
12.614.315.516.618.115.420.122.223.922.122.3
Debt to
Equity
00000000000
Working Cap
Days
144146127106111123124116123135121
Cash Conv.
Cycle
3131445760717471808798

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 24.83%

Net Profit is growing at healthy rate in last 3 years 28.93%

Sales growth is good in last 4 quarters at 13.15%

Return on Equity has declined versus last 3 years average to 31.80%

Latest Financials - Tata Elxsi Ltd.

Standalone Consolidated
TTM EPS (₹) 127.2 16.4
TTM Sales (₹ Cr.) 3,552 849
BVPS (₹.) 399.9 0
Reserves (₹ Cr.) 2,428 252
P/BV 17.72 0.00
PE 55.72 432.68
From the Market
52 Week Low / High (₹) 6406.60 / 9191.10
All Time Low / High (₹) 6.50 / 10760.40
Market Cap (₹ Cr.) 44,142
Equity (₹ Cr.) 62.3
Face Value (₹) 10
Industry PE 32.6

Management X-Ray of Tata Elxsi:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Tata Elxsi

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales8491,0751,2371,3861,5971,6101,8262,4713,1453,552
Operating Expenses 6798279641,0411,1811,2721,3031,7042,1862,505
Manufacturing Costs137163186203244239203324473477
Material Costs24262319131314132118
Employee Cost 4615766667498439511,0251,2881,5981,910
Other Costs 576389718169628094100
Operating Profit 1712482743454163385247679591,047
Operating Profit Margin (%) 20.1%23.0%22.1%24.9%26.1%21.0%28.7%31.0%30.5%29.5%
Other Income 101218454365404577122
Interest 1111177101721
Depreciation 25232725254344558199
Exceptional Items 0000000000
Profit Before Tax 1562362643644333525127459381,049
Tax 53828912414396144196182256
Profit After Tax 103155175240290256368550755792
PAT Margin (%) 12.1%14.4%14.1%17.3%18.2%15.9%20.2%22.2%24.0%22.3%
Adjusted EPS (₹)16.524.928.138.546.641.159.188.3121.3127.2
Dividend Payout Ratio (%)33%28%29%29%29%40%81%48%50%55%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 2833865587389431,0901,3521,6012,0862,491
Share Capital 31313162626262626262
Reserves 2523555276768801,0281,2901,5392,0232,428
Minority Interest0000000000
Debt0000000000
Long Term Debt0000000000
Short Term Debt0000000000
Trade Payables667746455547568410386
Others Liabilities 240336108157139243298475562587
Total Liabilities 5907987129411,1371,3801,7072,1602,7513,163

Fixed Assets

Gross Block229260130146178248296460582684
Accumulated Depreciation131153225277101126189248288
Net Fixed Assets9810710894101147170272334396
CWIP 32120172272
Investments 0000000000
Inventories0000220101
Trade Receivables154215245307357392489673976972
Cash Equivalents 1331822523945166648609651,1921,357
Others Assets201292107143162174181228242435
Total Assets 5907987129411,1371,3801,7072,1602,7513,163

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 143121144197215256437483487701
PBT 1562361753644333525127459381,049
Adjustment 1817113421337444446
Changes in Working Capital 9-57-47-57-77-2012-100-310-135
Tax Paid -39-76-96-114-143-90-124-206-185-258
Cash Flow From Investing Activity -27-2938-247-15939-438-108-202-270
Capex -33-37-26-12-31-23-39-71-64-83
Net Investments 0051-250-15027-424-66-170-275
Others 691315233526283187
Cash Flow From Financing Activity -32-41-52-60-83-124-126-326-303-428
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 000000000-1
Dividend Paid -28-34-52-60-83-101-103-299-265-377
Others -4-7000-22-24-27-38-50
Net Cash Flow 8551129-110-26171-12749-183
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)39.7246.2837.0637.0434.525.230.1537.2340.9734.62
ROCE (%)60.4670.8456.1956.2851.6835.3542.551.251.846.6
Asset Turnover Ratio1.61.551.641.681.541.281.181.281.281.2
PAT to CFO Conversion(x)1.390.780.820.820.7411.190.880.650.89
Working Capital Days
Receivable Days676368737685888696100
Inventory Days0000000000
Payable Days9729909588691,3721,4771,3712,0291,6131,958

Tata Elxsi Ltd Stock News

Tata Elxsi Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Tata Elxsi on 26-Jun-2024 16:01 is ₹7,089.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 26-Jun-2024 16:01 the market cap of Tata Elxsi stood at ₹44,142.5.
The latest P/E ratio of Tata Elxsi as of 26-Jun-2024 16:01 is 55.72.
The latest P/B ratio of Tata Elxsi as of 26-Jun-2024 16:01 is 17.72.
The 52-week high of Tata Elxsi is ₹9,191.1 and the 52-week low is ₹6,406.6.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Tata Elxsi is ₹3,552 ( Cr.) .

About Tata Elxsi Ltd

Tata Elxsi, incorporated in 1989, is amongst the world’s leading providers of design and technology services across industries including Automotive, Broadcast, Communications and Healthcare. Tata Elxsi is helping customers reimagine their products and services through design thinking and application of digital technologies such as IoT (Internet of Things), Cloud, Mobility, Virtual Reality and Artificial Intelligence.

Technology Services & Product Engineering: Tata Elxsi provides technology consulting, new product design, development, and testing services for the broadcast, consumer electronics, healthcare, telecom and transportation industries. It offer electronics, software development and system design services for the automotive and aerospace industry.

Design: Tata Elxsi creates innovative products, services and experiences to build brands and help businesses grow. By intersecting design and technology, it help clients globally to bring new ideas and products to market. Its services span across research and strategy, all the way up to Design, Visualisation - Augmented Reality and Virtual Reality, and is supported by a network of design studios, development centers and offices worldwide. It offer innovative, cost-effective and scalable solutions that enable brands to differentiate and win.

Systems Integration Services: Tata Elxsi implements and integrates complete systems and solutions for High-Performance Computing, CAD/ CAM/ CAE/ PLM, Broadcast, Virtual Reality, Storage, and Disaster Recovery. It also provide Professional Services for maintenance and support of IT infrastructure in India and overseas.

Business area of the company

Tata Elxsi provides technology consulting, new product design, development, and testing services for the broadcast, consumer electronics, healthcare, telecom and transportation industries.

Services

  • Design
  • Product Engineering
  • Big Data Analytics
  • Internet of Things
  • Content Development
  • Systems Integration
  • SDN NFV

Solutions

  • Automotive
  • Big Data Analytics
  • Broadcast & Media
  • Communications
  • Consumer Electronics
  • Extended Reality - AR/VR/MR
  • Internet of Things
  • Smart Home

Awards

2013

  • Tata Elxsi, a Bangalore-based Rs 622-crore design services firm, has taken a different route by setting up a business incubator.
  • Filmfare Best VFX has been awarded to Tata Elxsi for Dhoom 3.

2014

  • Tata Elxsi has been working on Telecom & Networking, delivering innovative products and solutions.
  • Tata Elxsi is leveraging its digital signal processing to build a presence in advanced driver assistance systems (ADASs) development
  • Bangalore-based Tata Elxsi, a part of the Tata Group. Through its four divisions - Embedded Product Design, Industrial Design, Visual Computing Labs and System Integration - it has designed products for the automotive, consumer products, energy, wireless communication, health care and defence sectors.

2015

  • Tata Elxsi Redefines Design this World Industrial Design Day
  • Tata Elxsi Showcases Futuristic Automotive Solutions at Vdi-Eliv (Electronics In Vehicles)
  • Tata Elxsi to showcase latest innovations in Broadcast, IoT and Big Data Analytics
  • Tata Elxsi launches ACTIV@TE at SCT College
  • Tata Elxsi announces the Winner of the 3rd Edition of IGNITE Design Contest - ‘Wearable Technology: Envisioning the future’
  • Tata Elxsi joins the Frog by Wyplay community
  • Tata Elxsi Showcases Advanced Automotive Solutions at CES

2016

  • Tata Elxsi’s RDK Prime Suite on Askey platforms launched at CES 2016

2017-2018

  • Best Electronics Design Company’ Electronics Maker Best of Industry Awards 2017
  • ‘Supplier Excellence Award’ 2017’ Jaguar Land Rover
  • ‘High Growth in Women Empowerment - It’ In The Category Of Over 1000 Employees Stpi It Export Award 2016-17

2018-2019

  • India’s Best Design Studio 2018 by Pool magazine

2019-20

  • The Company’s AR-V2X solution won the Silver at the AutoSens Awards in Germany, joining industry leaders such as Daimler and General Motors who also received this prestigious award in various categories.
  • The Company has won its second iF Design Award
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