Is Tata Technologies a good quality company?

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

Is Tata Technologies undervalued or overvalued?

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

What is Tata Technologies share price return in the past 10 years?

Data is not available for this company

Is Tata Technologies a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Tata Technologies Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

Tata Technologies Ltd - Stock Valuation and Financial Performance

Name: Tata Technologies
Brand: Tata Technologies

BSE: 544028 | NSE: TATATECH | IT - Software | Mid Cap

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Tata Technologies Share Price

₹940.35 -8.05 -0.85%
as on 21-Nov'24 13:59

10 Year X-Ray of Tata Technologies:

Analysis of Financial Track Record

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

Standalone Basis ^P Consolidated Basis ^P

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	29.1%	29.1%	26.5%	21%	28%	22.6%	16.7%	27.5%	30.9%	30.6%	-
Value Creation Index ⓘ	1.6	1.6	1.4	0.9	1.5	1.0	0.5	1.5	1.8	1.7	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	2,594	2,683	2,802	2,691	2,942	2,852	2,381	3,530	4,414	5,117	5,156
Sales YoY Gr.	-	3.4%	4.4%	-3.9%	9.3%	-3.1%	-16.5%	48.2%	25.1%	15.9%	-
Adj EPS ⓘ	7.7	8.9	8.6	5.9	8.3	5.9	5.8	10.5	15.3	16.8	16
YoY Gr.	-	15.4%	-3.8%	-31.8%	42.2%	-28.7%	-1.7%	79.3%	46%	9.6%	-
BVPS (₹) ⓘ	24.8	32.6	33.7	36.8	41.7	44.3	51.2	54.5	73.7	79.3	79.3
Adj Net Profit ⓘ	333	384	362	247	358	248	244	438	620	679	647
Cash Flow from Ops. ⓘ	299	234	198	270	369	267	1,113	-38.7	401	294	-
Debt/CF from Ops. ⓘ	1.2	1.7	1.1	0.3	0	0	0	0	0	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	7.8%	11.7%	29.1%	15.9%
Adj EPS ⓘ	9%	15%	42.1%	9.6%
BVPSⓘ	13.8%	13.7%	15.7%	7.6%
Share Price	-	-	-	-

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	29.7	31.2	25.6	16.6	21.7	13.8	12.2	19.8	23.5	21.9	20.1
Op. Profit Mgn % ⓘ	17	18.7	17.7	12.5	17.2	16.5	16.2	18.2	18.3	18.4	18.3
Net Profit Mgn % ⓘ	12.8	14.3	12.9	9.2	12.2	8.7	10.3	12.4	14.1	13.3	12.6
Debt to Equity ⓘ	0.3	0.3	0.2	0	0	0	0	0	0	0	0
Working Cap Days ⓘ	85	105	104	124	124	126	165	148	191	215	141
Cash Conv. Cycle ⓘ	-31	-16	1	16	13	33	51	27	13	20	62

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 29.05%

Net Profit is growing at healthy rate in last 3 years 42.08%

Return on Equity has declined versus last 3 years average to 20.10%

Sales growth is not so good in last 4 quarters at 2.64%

Latest Financials - Tata Technologies Ltd.

	Standalone	Consolidated
TTM EPS (₹)	19.1	16
TTM Sales (₹ Cr.)	2,926	5,156
BVPS (₹.) ⓘ	34.6	79.3
Reserves (₹ Cr.) ⓘ	1,321	3,134
P/BV ⓘ	27.43	11.97
PE ⓘ	49.57	59.47

From the Market
52 Week Low / High (₹)	939.65 / 1400.00
All Time Low / High (₹)	939.65 / 1400.00
Market Cap (₹ Cr.)	38,474
Equity (₹ Cr.)	81.1
Face Value (₹)	2
Industry PE ⓘ	34.4

Management X-Ray of Tata Technologies:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Tata Technologies

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Tata Technologies

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	2,594	2,683	2,802	2,691	2,942	2,852	2,381	3,530	4,414	5,117
Operating Expenses ⓘ	2,154	2,184	2,312	2,359	2,439	2,382	2,002	2,891	3,607	4,176
Manufacturing Costs	77	55	60	61	55	55	52	58	91	67
Material Costs	438	372	320	336	345	368	338	689	682	895
Employee Cost	1,154	1,196	1,283	1,323	1,390	1,419	1,216	1,513	1,929	2,364
Other Costs ⓘ	485	561	648	638	650	540	396	632	905	850
Operating Profit ⓘ	440	500	490	333	503	470	379	638	807	941
Operating Profit Margin (%)	17.0%	18.6%	17.5%	12.4%	17.1%	16.5%	15.9%	18.1%	18.3%	18.4%
Other Income ⓘ	50	28	37	88	44	45	52	56	102	116
Interest ⓘ	9	6	4	5	1	16	18	22	18	19
Depreciation ⓘ	51	59	63	71	69	99	92	86	95	106
Exceptional Items ⓘ	0	0	-8	-8	-6	-9	-5	0	0	0
Profit Before Tax ⓘ	430	464	450	337	471	392	315	587	796	932
Tax ⓘ	96	80	99	91	118	140	76	150	172	253
Profit After Tax	334	384	351	246	353	252	239	437	624	679
PAT Margin (%)	12.9%	14.3%	12.5%	9.1%	12.0%	8.8%	10.0%	12.4%	14.1%	13.3%
Adjusted EPS (₹)	7.8	8.9	8.3	5.8	8.4	6.0	5.7	10.5	15.4	16.8
Dividend Payout Ratio (%)	97%	39%	48%	51%	18%	66%	0%	0%	80%	60%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	1,065	1,402	1,421	1,550	1,757	1,853	2,142	2,280	2,988	3,216
Share Capital ⓘ	43	43	42	42	42	42	42	42	81	81
Reserves ⓘ	1,022	1,359	1,379	1,508	1,715	1,811	2,100	2,238	2,907	3,134
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	285	316	150	67	0	0	0	0	0	0
Long Term Debt	154	80	0	0	0	0	0	0	0	0
Short Term Debt	131	237	150	67	0	0	0	0	0	0
Trade Payables	355	306	284	317	295	243	224	337	658	481
Others Liabilities ⓘ	572	249	243	256	187	445	1,164	1,544	1,404	1,628
Total Liabilities ⓘ	2,278	2,273	2,098	2,190	2,238	2,541	3,530	4,161	5,049	5,325
Fixed Assets
Gross Block	1,008	1,107	881	1,047	1,018	1,403	1,453	1,500	1,626	1,763
Accumulated Depreciation	248	296	118	194	199	284	364	432	531	613
Net Fixed Assetsⓘ	760	811	763	853	819	1,119	1,090	1,068	1,095	1,151
CWIP ⓘ	7	5	10	13	25	0	0	0	3	0
Investmentsⓘ	282	74	220	37	39	36	497	528	30	150
Inventories	1	0	0	1	0	0	0	0	0	0
Trade Receivables	363	446	526	605	576	723	596	768	1,106	1,148
Cash Equivalents	485	581	306	257	384	389	783	869	999	913
Others Assetsⓘ	379	356	273	425	396	273	564	927	1,816	1,963
Total Assets ⓘ	2,278	2,273	2,098	2,190	2,238	2,541	3,530	4,161	5,049	5,325

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	299	234	198	270	369	267	1,113	-39	401	294
PBT ⓘ	430	464	450	337	471	392	315	587	796	932
Adjustment ⓘ	17	37	42	62	96	123	102	82	67	72
Changes in Working Capital ⓘ	-80	-175	-197	-58	-20	-116	806	-580	-219	-407
Tax Paid ⓘ	-68	-91	-96	-71	-178	-132	-110	-128	-243	-303
Cash Flow From Investing Activity ⓘ	-166	246	-36	111	-22	-8	-674	74	-487	394
Capex	-61	-74	-95	-54	-49	-53	-14	-63	-65	-91
Net Investments	75	250	-116	229	5	4	-450	-108	-15	192
Others ⓘ	-181	71	175	-63	22	42	-210	246	-407	293
Cash Flow From Financing Activityⓘ	-238	-370	-331	-374	-221	-261	-44	-44	-347	-557
Net Proceeds from Shares ⓘ	0	0	1	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	-61	-80	-67	-58	0	0	0	0	0	0
Interest Paid ⓘ	-9	-6	-4	-5	-1	-1	-2	0	0	0
Dividend Paid ⓘ	-166	-388	-180	-205	-153	-181	0	0	0	-499
Others ⓘ	-2	104	-80	-107	-67	-79	-42	-44	-347	-58
Net Cash Flow ⓘ	-106	111	-169	8	126	-1	395	-9	-433	131

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	29.75	31.09	24.87	16.55	21.33	13.94	11.97	19.76	23.69	21.9
ROCE (%)	29.07	29.12	26.45	20.96	27.99	22.59	16.67	27.53	30.9	30.63
Asset Turnover Ratio	1.16	1.18	1.28	1.26	1.33	1.19	0.78	0.92	0.96	0.99
PAT to CFO Conversion(x)	0.9	0.61	0.56	1.1	1.05	1.06	4.66	-0.09	0.64	0.43
Working Capital Days
Receivable Days	47	55	63	77	73	83	101	71	78	80
Inventory Days	0	0	0	0	0	0	0	0	0	0
Payable Days	308	324	336	326	324	267	252	149	266	232

Tata Technologies Ltd Stock News

Tata Technologies Ltd FAQs

What is the share price of Tata Technologies?

Company share prices are keep on changing according to the market conditions. The closing price of Tata Technologies on 21-Nov-2024 13:59 is ₹940.4.

What is the market cap of Tata Technologies?

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 21-Nov-2024 13:59 the market cap of Tata Technologies stood at ₹38,473.6.

What is the P/E ratio of Tata Technologies?

The latest P/E ratio of Tata Technologies as of 21-Nov-2024 13:59 is 49.57.

What is the P/B ratio of Tata Technologies?

The latest P/B ratio of Tata Technologies as of 21-Nov-2024 13:59 is 27.43.

What is the 52-week high and low of Tata Technologies?

The 52-week high of Tata Technologies is ₹1,400 and the 52-week low is ₹939.6.

What is the TTM revenue of Tata Technologies?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Tata Technologies is ₹2,926 ( Cr.) .

About Tata Technologies Ltd

Tata Technologies is a leading global engineering services company offering product development and digital solutions, including turnkey solutions, to global original equipment manufacturers (OEMs) and their tier 1 suppliers. It endeavors to create value for its clients by helping them develop products that are safer, cleaner and improve the quality of life for their end-customers. It has deep domain expertise in the automotive industry and leverage this expertise to serve its clients in adjacent industries, such as in aerospace and transportation and construction heavy machinery (TCHM). As a global organization, it brings together diverse teams from different parts of the world with multiple skill sets to collaborate in real time and solve complex engineering problems for its clients.

In a world that is becoming increasingly complex, with shortening product innovation timelines and rapid technological change, the company’s globally distributed onshore-offshore service delivery capability helps it to suitably address its clients’ requirements. It leverages its deep manufacturing domain knowledge to deliver value-added services to its clients in support of their digital transformation initiatives including product development, manufacturing and customer experience management.

Business area of the company

The company’s primary business line is services, which includes providing outsourced engineering services and digital transformation services to global manufacturing clients helping them conceive, design, develop and deliver better products. Moreover, the company complements its service offerings with its Products and Education businesses (collectively, Technology Solutions). Through its Products business it resells third-party software applications, primarily product lifecycle management (PLM) software and solutions and provide value-added services such as consulting, implementation, systems integration and support. Its Education business provides “phygital” education solutions in manufacturing skills including upskilling and reskilling in relation to the latest engineering and manufacturing technologies to public sector institutions and private institutions and enterprises through curriculum development and competency center offerings through its proprietary iGetIT platform.

Awards, accreditations, and accolades

2017: Ranked in the “leadership zone” as one of the leading service providers in the Construction and Heavy Machinery, and Automotive verticals of the ER&D Services by Zinnov Zones
2018: Ranked in the “leadership zone” as one of the leading service providers in the Construction and Heavy Machinery, Aerospace and Automotive verticals of the ER&D Services by Zinnov Zones
2018: KSRM Sastry Award for demonstrating the best utilization of 'Function & Creativity’ at the 34th INVEST International Conference 2018
2019: Ranked in the “leadership zone” as one of the leading service providers in the Construction and Heavy Machinery, Aerospace and Automotive verticals of the ER&D Services by Zinnov Zones.
2019: National CSR Award 2019 by Ministry of Corporate Affairs, Government of India
2020: Frost & Sullivan’s, 2020 Company of the Year award for global digital solutions for enterprise modernization industry.
2020: Ranked in the “leadership zone” as one of the leading service providers in the Aerospace, Digital Thread and Automotive verticals of ER&D Services by Zinnov Zones
2020: Tata Innovista Award (pre-finals) 2020 for the innovation, QRATR - a design quality validation and rating tool
2021: Ranked in the “leadership zone” as one of the leading service providers in the Aerospace, Digital Thread and Automotive verticals of ER&D Services by Zinnov Zones
2021: Won the Emerging Industry Leader Tata Group JRD QV Awards 2021
2021: “Engineered-in-India Product of the year” award at Nasscom Engineering & Innovation Excellence Awards 2021
2021: Finny’s 2021 Killer Content Awards for Account Based Marketing Campaign
2021: Award for Innovative Solutions for Dual Powertrain Platform by Implement Innovations 2021
2021: Award for Cost Management 4.0 Driving Profitable Growth with Digital, Data and AI by Implement Innovations 2021
2022: Ranked in the “leadership zone” as one of the leading service providers in the Automotive, Electrification, and Aerospace verticals of ER&D Services by Zinnov Zones
2022: Supplier Excellence Award in Engineering Services by McLaren
2022: Winner in the ‘safety and security’ category at the Workplace Excellence Awards FY 22
2022: Best corporate/narrative storytelling by the Economic Times - Most Promising Tech Marketers 2022
2022: Gold award for the best ‘B2B Marketing Campaign’ at the Economic Times Brand Equity Digi Plus 2022 Awards
2023: Ranked in the “leadership zone” as one of the leading service providers in the Automotive, Electrification, and Aerospace verticals of ER&D Services by Zinnov Zones
2023: ‘Best B2B Brand – Gold Award’ by The Economic Times Brand Equity
2023: Awarded Certificate of Achievement for the ‘Market First Innovation EVSiM - Electric Vehicle Simulation Model’ in the category ‘Ideation to Engineering Leadership’ at the Nasscom Spotlight Awards
2023: Gold award for talent acquisition practices by Brandon Hall Group HCM Excellence Awards
2023: Awarded ‘Most Promising Tech Marketers’ by The Economic Times

Major events and milestones

2005: Acquired 100% equity in INCAT International UK.
2011: Secured funding through Alpha TC Holdings Pte. Ltd. and Tata Capital Growth Fund I
2012: Launched the electric Mobility (eMO) vehicle at the North American International Auto Show
2013: Acquired Cambric Holdings Inc.
2017: Acquisition of Escenda Engineering AB by Tata Technologies Europe Limited