Tata Technologies Ltd - Stock Valuation and Financial Performance

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

Tata Technologies Share Price

1,090.30 -12.10 -1.10%
as on 12-Apr'24 16:59

DeciZen - make an informed investing decision on Tata Technologies

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Semi Strong

Tata Technologies stock performance -

mw4me loader
P/E Ratio (CD):
70.88
Market Cap:
44,230 Cr.
52-wk low:
1,020
52-wk high:
1,400

Is Tata Technologies Ltd an attractive stock to invest in?

1. Is Tata Technologies Ltd a good quality company?

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

2. Is Tata Technologies Ltd 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 Somewhat overvalued zone.

3. Is Tata Technologies Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Tata Technologies 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 Technologies:

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 Technologies 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 19.3%22.2%24%20.9%15.4%21.3%14.7%13%20.5%24%-
Value Creation
Index
0.71.01.10.90.40.90.30.20.81.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2,3442,5942,6832,8022,6912,9422,8522,3813,5304,4144,414
Sales YoY Gr.-10.7%3.4%4.4%-3.9%9.3%-3.1%-16.5%48.2%25.1%-
Adj EPS 6.37.68.98.55.98.36.15.910.515.315.4
YoY Gr.-21.9%16.5%-4.8%-30.7%42.2%-27.1%-2.3%76.6%46%-
BVPS (₹) 27.424.832.633.736.841.744.351.254.573.777.9
Adj Net
Profit
269328382356247358254248438620624
Cash Flow from Ops. 3642992341982703692671,113-38.7401-
Debt/CF from Ops. 1.11.21.71.10.300000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 7.3%10.4%15.7%25.1%
Adj EPS 10.4%21.1%36.1%46%
BVPS11.6%14.9%18.5%35%
Share Price - - - -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
25.229.23125.216.621.714.112.419.823.520.3
Op. Profit
Mgn %
14.61718.717.712.517.216.516.218.218.318.3
Net Profit
Mgn %
11.512.714.312.79.212.28.910.412.414.114.1
Debt to
Equity
0.40.30.30.2000000-
Working Cap
Days
85851051041241241261651481910
Cash Conv.
Cycle
-29-31-1611613264427130

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 20.30%

Sales growth is growing at healthy rate in last 3 years 15.67%

Net Profit is growing at healthy rate in last 3 years 36.06%

Sales growth is not so good in last 4 quarters at 7.37%

Latest Financials - Tata Technologies Ltd.

Standalone Consolidated
TTM EPS (₹) 6 15.4
TTM Sales (₹ Cr.) 2,112 4,414
BVPS (₹.) 27.4 77.9
Reserves (₹ Cr.) 1,031 3,077
P/BV 39.77 14.01
PE 181.25 70.88
From the Market
52 Week Low / High (₹) 1020.00 / 1400.00
All Time Low / High (₹) 1020.00 / 1400.00
Market Cap (₹ Cr.) 44,230
Equity (₹ Cr.) 81.1
Face Value (₹) 2
Industry PE 33.5

Management X-Ray of Tata Technologies:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Tata Technologies

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales2,3442,5942,6832,8022,6912,9422,8522,3813,5304,414
Operating Expenses 2,0012,1542,1842,3112,3592,4392,3822,0022,8913,607
Manufacturing Costs77775560615555525891
Material Costs402438372320336345368338689682
Employee Cost 1,0551,1541,1961,2831,3231,3901,4191,2161,5131,929
Other Costs 467485561647638650540396632905
Operating Profit 343440500491333503470379638807
Operating Profit Margin (%) 14.6%17.0%18.6%17.5%12.4%17.1%16.5%15.9%18.1%18.3%
Other Income 505028368844455256102
Interest 89645116182218
Depreciation 48515963716999928695
Exceptional Items 000-6-8-6-9-500
Profit Before Tax 338430464452337471392315587796
Tax 649680999111814076150172
Profit After Tax 273334384353246353252239437624
PAT Margin (%) 11.7%12.9%14.3%12.6%9.1%12.0%8.8%10.0%12.4%14.1%
Adjusted EPS (₹)6.47.88.98.45.88.46.05.710.515.4
Dividend Payout Ratio (%)47%97%39%48%51%6%66%0%0%16%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 1,1811,0651,4021,4211,5501,7571,8532,1422,2802,988
Share Capital 43434342424242424281
Reserves 1,1381,0221,3591,3791,5081,7151,8112,1002,2382,907
Minority Interest0000000000
Debt3312853161506700000
Long Term Debt200154800000000
Short Term Debt1311312371506700000
Trade Payables386355306284317295243224337658
Others Liabilities 3125722492432561874451,1641,5441,404
Total Liabilities 2,2092,2782,2732,0982,1902,2382,5413,5304,1615,049

Fixed Assets

Gross Block9841,0081,1071,1111,0471,0181,4031,4531,5001,626
Accumulated Depreciation207248296348194199284364432531
Net Fixed Assets7767608117638538191,1191,0901,0681,095
CWIP 2751013250003
Investments 5032827422037393649752830
Inventories0100100000
Trade Receivables3073634465266055766255967681,106
Cash Equivalents 465485581306257384389783869999
Others Assets1543793562734253963715649271,816
Total Assets 2,2092,2782,2732,0982,1902,2382,5413,5304,1615,049

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 3642992341982703692671,113-39401
PBT 273430384351337471252239437624
Adjustment 78171171416296264178232239
Changes in Working Capital 111-80-175-197-58-20-116806-580-219
Tax Paid -99-68-91-96-71-178-132-110-128-243
Cash Flow From Investing Activity -233-166246-36111-22-8-67474-487
Capex 0-61-74-95-54-49-53-14-63-65
Net Investments 0235218-146186180-461-108-15
Others -233-340102204-20945-199246-407
Cash Flow From Financing Activity -59-238-370-331-374-221-261-44-44-347
Net Proceeds from Shares 00010-1-40000
Net Proceeds from Borrowing 39-61-80-67-5800000
Interest Paid -8-9-6-4-5-1-1-200
Dividend Paid -141-166-388-180-205-153-181000
Others 50-2104-80-107-66-38-42-44-347
Net Cash Flow 73-106111-1698126-1395-9-433
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)25.6129.7531.0925.0116.5521.3313.9411.9719.7623.69
ROCE (%)24.329.0729.1226.5620.9627.9922.5816.6727.5330.9
Asset Turnover Ratio1.181.161.181.281.261.331.190.780.920.96
PAT to CFO Conversion(x)1.330.90.610.561.11.051.064.66-0.090.64
Working Capital Days
Receivable Days48475563777377947178
Inventory Days0000000000
Payable Days309308324336326324267252149266

Tata Technologies Ltd Stock News

Tata Technologies Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Tata Technologies on 12-Apr-2024 16:59 is ₹1,090.3.
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 12-Apr-2024 16:59 the market cap of Tata Technologies stood at ₹44,230.
The latest P/E ratio of Tata Technologies as of 12-Apr-2024 16:59 is 181.2.
The latest P/B ratio of Tata Technologies as of 12-Apr-2024 16:59 is 39.77.
The 52-week high of Tata Technologies is ₹1,400 and the 52-week low is ₹1,020.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Tata Technologies is ₹2,112 ( 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

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