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Tata Elxsi Ltd (TATAELXSI)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500408 NSE: TATAELXSI IT - Software | Small Cap | Tata Elxsi Share Price

₹4,294 -52.35 (-1.20%)

As on 04-Jun'26 16:59

Tata Elxsi Ltd (TATAELXSI)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500408 NSE: TATAELXSI IT - Software | Small Cap | Tata Elxsi Share Price

₹4,294 -52.35 (-1.20%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹26,750 Cr.
Current Price
₹4,294
52-Week Low / High
₹3,945 / 6,734
TTM EPS
₹100.9
TTM Sales
₹3,757 Cr.
Book Value per Share
₹484.4
P/E Ratio
42.57
Lower than its 5-year historical median
Industry PE
22.2
Price to Book (P/B)
8.87
Lower than its 5-year historical median
Price to Sales (P/S)
7.12
Lower than its 5-year historical median
EV/EBITDA
24.29
Lower than its 5-year historical median
Dividend Yield
1.89%
Profitability Efficiency
Return on Equity (ROE)
21.46%
Outperforms industry median
Return on Capital Employed (ROCE)
28.57%
Outperforms industry median
Return on Assets (ROA)
16.91%
Operating Profit Margin
22.6%
Net Profit Margin
16.73%
Gross Profit Margin
27%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
0.76%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-13.79%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-19.94%
Asset Quality
Promoter Holding
43.90%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹2,955 Cr.
Equity
₹62.3 Cr.
Face Value
₹10
All Time Low / High
₹6.50 / 10760.40

Tata Elxsi stock performance

Key Ratios
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Check Before You Invest

Valuation

Fair

Price Trend

Semi Strong
Q.1 Is Tata Elxsi Ltd a good quality company?
Tata Elxsi Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Tata Elxsi Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Tata Elxsi Ltd vs industry peers?
Tata Elxsi Ltd revenue CAGR is 18.29%, compared to the industry median CAGR of 2.48%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Tata Elxsi Ltd?
Promoters hold 43.90% of the Tata Elxsi Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Tata Elxsi Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 16.4% based on the current price.

DeciZen - make an informed investing decision on Tata Elxsi

Decision Maker
Standalone basis

1. Right Stock

10 Year X-ray Pro
Long Term Prospect

2. Right Price

3. Right Time

#Likely Future 5 Year CAGR.

10 Year X-Ray :

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

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 56.2%56.3%51.7%35.4%42.5%51.2%51.8%46.6%39.1%28.6%-
Value Creation
Index
3.03.22.81.62.23.63.63.12.5NA-

Growth Parameters

Sales 1,2371,3861,5971,6101,8262,4713,1453,5523,7293,7573,757
Sales YoY Gr.-12%15.2%0.8%13.4%35.3%27.3%13%5%0.8%-
Adj EPS 30.736.946.539.758.987.9120.4126.2125109.7100.9
YoY Gr.-20.1%26%-14.7%48.4%49.3%37%4.8%-0.9%-12.3%-
BVPS (₹) 89.6118.6151.4175217.1257.1334.9399.9456.1484.4484.4
Adj Net
Profit
191230290247367547750786779683628
Cash Flow from Ops. 144197215256437483487701812664-
Debt/CF from Ops. 0000000000-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 13.1%15.5%6.1%0.8%
Adj EPS 15.2%13.3%-3.1%-12.3%
BVPS20.6%17.4%13.1%6.2%
Share Price 17% 3.8% -17.7% -33.8%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
40.635.534.524.33037.140.734.22923.220.8
Op. Profit
Mgn %
242526.121.428.73130.629.526.122.622.5
Net Profit
Mgn %
15.516.618.115.420.122.223.922.120.918.216.7
Debt to
Equity
00000000000
Working Cap
Days
127106111123124116123133147174129
Cash Conv.
Cycle
4457607174718087818498

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales1,2371,3861,5971,6101,8262,4713,1453,5523,7293,757
Operating Expenses > + 9641,0411,1811,2721,3031,7042,1862,5052,7562,918
Manufacturing Costs186203244239203324473477537566
Material Costs23191313141321182517
Employee Cost 6667498439511,0251,2881,5981,9102,0462,184
Other Costs > 89718169628094100147151
Operating Profit > 2743454163385247679591,047973839
Operating Profit Margin (%) 22.1%24.9%26.1%21.0%28.7%31.0%30.5%29.5%26.1%22.3%
Other Income > + 18454365404577122180193
Exceptional Items > 000000000-96
Interest > 111771017212018
Depreciation > 272525434455819910594
Profit Before Tax > 2643644333525127459381,0491,028825
Tax > 8912414396144196182256243197
Profit After Tax 175240290256368550755792785628
PAT Margin (%) 14.1%17.3%18.2%15.9%20.2%22.3%24.0%22.3%21.1%16.7%
Adjusted EPS (₹)28.138.546.641.159.188.3121.3127.2126.0100.9
Dividend Payout Ratio (%)28.50%28.50%29%40.10%81.20%48.20%50%55%59.50%74.40%

Valuation of Tata Elxsi - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 5587389431,0901,3521,6012,0862,4912,8413,018
Share Capital 31626262626262626262
Reserves 5276768801,0281,2901,5392,0232,4282,7782,955
Debt +0000000000
Long Term Debt0000000000
Short Term Debt0000000000
Minority Interest0000000000
Trade Payables46455547568410386123120
Others Liabilities 108157139243298475562587584746
Total Liabilities 7129411,1371,3801,7072,1602,7513,1633,5483,884

Fixed Assets

Net Fixed Assets +10894101147170272334396318259
Gross Block130146178248296460582684705708
Accumulated Depreciation225277101126189248288387449
CWIP 12017227220
Investments 0000000000
Inventories0022010100
Trade Receivables2453073573924896739769729721,079
Cash Equivalents flag 2523945166648609651,1921,3921,6061,669
Others Assets 107143162174181228242400651877
Total Assets 7129411,1371,3801,7072,1602,7513,1633,5483,884

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 144197215256437483487701812664
PBT 1753644333525127459381,0491,028825
Adjustment 11342133744444632-5
Changes in Working Capital -47-57-77-2012-100-310-135-2467
Tax Paid -96-114-143-90-124-206-185-258-224-224
Cash Flow From Investing Activity + 38-247-15939-438-108-202-270-308-73
Capex -26-12-31-23-39-71-64-83-16-10
Net Investments 51-250-15027-424-66-170-275-374-188
Others 131523352628318782126
Cash Flow From Financing Activity + -52-60-83-124-126-326-303-428-499-535
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 00000-0-0-1-1-2
Dividend Paid -52-60-83-101-103-299-265-377-436-467
Others 000-22-24-27-38-50-61-66
Net Cash Flow 129-110-26171-12749-183557

Financial Ratio

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)37.0637.0434.525.230.1537.2340.9734.6229.4521.46
ROCE (%)56.1956.2851.6835.3542.551.251.846.639.0928.57
Asset Turnover Ratio1.641.681.541.281.181.281.281.21.111.01
PAT to CFO Conversion(x)0.820.820.7411.190.880.650.891.031.06
Working Capital Days
Receivable Days67.9072.6075.8084.9088.1085.8095.70100.1095.1099.60
Inventory Days000.400.400.200.100.100.1000
Payable Days958868.601,371.801,476.901,371.202,028.501,612.801,958.401,536.502,557.10

Management X-Ray

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Tata Elxsi Ltd FAQs

The current trading price of Tata Elxsi on 04-Jun-2026 16:59 is ₹4,294.

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 03-Jun-2026 the market cap of Tata Elxsi stood at ₹26,750.4 Cr

The latest P/E ratio of Tata Elxsi as of 03-Jun-2026 is 42.57.

The latest P/B ratio of Tata Elxsi as of 03-Jun-2026 is 8.87.

The 52-week high of Tata Elxsi is ₹6,733.5 and the 52-week low is ₹3,945.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Tata Elxsi is ₹3,757 ( Cr.) .

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

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

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.

About Tata Elxsi Ltd

Tata Elxsi began its journey on May 5, 1989, in Bangalore, the Silicon Valley of India, with a vision to develop and promote advancements in electronics, embedded systems, and software. Over the years, the company has been at the forefront of design and technology innovation, transforming industries such as Transportation, Media & Communications, and Healthcare & Life Sciences. As a leading provider of Engineering Research & Design (ER&D) services, the company operates across two core domains: Software Development & Services (SDS) and Systems Integration & Support (SIS).

SDS provides cohesive design, software, and digital solutions across verticals. The company had established a strategy to embed its design services in its offerings through a design-led approach. As a result, the company is gaining early insights into customer product roadmaps and facilitating larger downstream development agreements. The SIS business has gradually been pivoting to value-added professional services and monitoring and management of cloud-based applications for enterprises. This business has now aligned with the three verticals and offers consultingled end-to-end solutions to clients, including Hardware, Software, IT infrastructure, and Cloud, among others, in a multivendor environment.

With a Design-Digital approach at its core, the company empowers businesses to reimagine their products, services, and customer experiences. The company blends design thinking with advanced technologies such as IoT, Cloud, Mobility, Virtual Reality, and Artificial Intelligence to deliver transformative outcomes. By actively embracing emerging innovations - from next-gen interfaces and immersive technologies to autonomous systems and sustainable technologies - it stays ahead of the curve in a fast-evolving digital landscape. 

Business area of the company

Tata Elxsi is amongst the world’s leading providers of design and technology services across industries including Automotive, Broadcast, Communications, Healthcare and Transportation. The company 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.

Products and Platforms

  • AVENIR: Tata Elxsi’s SDV software suite, which is a cloud-agnostic SDV development, validation, and deployment framework, has further strengthened Tata Elxsi’s capabilities in the SDV domain. It presents an attractive, ready-to-implement solution which when combined with the company’s extensive digital and software knowledge and a large pool of skilled professionals, helps global OEMs in expediting their SDV and future mobility strategies. AVENIR is supported by the Snapdragon Digital Chassis platform in collaboration with Qualcomm.
  • NEURON: The company’s autonomous network platform that enables telecommunication operators to progress towards Zero-Touch Automation and provides a single pane of glass to operate and manage network across domains. By harnessing the power of NEURON, telcos can expedite shift towards seamless automation, cloud integration, service orchestration, and robust assurance. NEURON helps streamline operations and drive substantial reduction in operational expenditure, paving the way for enhanced efficiency and profitability.
  • MOBIUS+: A Battery Lifecycle Management Platform by Tata Elxsi which was launched at CES 2025, provides real time visibility into battery ecosystem, helping companies align with upstream, midstream, downstream and end of life stakeholders, thus supporting every step of battery’s journey, from raw material sourcing to end-of-life recycling. It also helps monitor, calculate and report the carbon footprint of batteries throughout their lifecycle, enabling data driven decisions to reduce environmental impact.

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
2020-21
  • The company has won its second iF Design Award this year after the first one in 2017. Tata Elxsi won this world-renowned award for design excellence for its innovative and exceptional design concept for a Mixed Reality (MR) Based Smart Assistive Wearable Device.
2021-22
  • The company has won the OTT TV Technology of the Year Award at the VideoTech Innovation Awards 2021 for QoEtient - the proactive QoE Improvement platform. This is the first international award bagged by QoEtient.
  • The company won the NASSCOM Engineering & Innovation Excellence Awards 2021 for Engineering Service Providers across all product categories. 
2022-23
  • Conferred with Innovative Company of the Year Award for the Large Enterprise Service Sector at the 9th Annual Confederation of Indian Industry Industrial Innovation Awards 2022.
  • Tata Elxsi was awarded three awards (1 Gold and 2 Bronze) at Exchange4Media India Design Excellence Awards in May 2023.
  • BroadcastPro Manufacturer Award for ‘Best in Linear Distribution’ for OSNTv Box in May 2023.
2023-24
  • Tata Elxsi has been awarded Platinum Winner for the ‘Best Network Orchestration Solution in TELCO’ at the Future Digital Award by Juniper Research for its groundbreaking network automation product – NEURON.
  • NEURON Autonomous Network Platform, honoured as Product of the Year at the Industry DevOps Awards 2023 in London. NEURON empowers operators to effectively deploy and operate 4G/5G networks while embracing the transformative power of Automation and AI.
  • Tata Elxsi and Tata Motors jointly received the esteemed German Design Award 2024 for Gen 3 HMI design, for excellence in product design in the Human-Machine Interface category.
  • Tata Elxsi, won the iF Design Award in Product Design for the 'Aha!' Tea Vending Machine for Chaayos. The Aha” vending machine is a one-of-a-kind, IoT-enabled device, catering to the Indian market with up to 50 customisation options directly from users’ phones.
  • Recognised as one of the ‘Top 50 Innovative Companies of 2023’ by the Confederation of Indian Industry (CII) for our innovation across various sectors, including Industry 4.0, AI Accelerators, and Robotics in Healthcare.
2024-25
  • Received two prestigious iF DESIGN Awards for Outstanding User Experience and Innovative Product Design, selected from over 11,000 global entries across 72 countries - reinforcing its leadership in design excellence and technological innovation.
  • Won the ‘Most Innovative Telecom Software’ award for the NEURON platform for transforming network operations with AI-driven automation.
  • Honoured with the ‘Best AI-driven Social Impact’ Award at the AI for Good Global Summit 2024.
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