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Tata Technologies Ltd (TATATECH)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544028 NSE: TATATECH IT - Software | Small Cap | Tata Technologies Share Price

₹770.60 21.80 (2.91%)

As on 05-Jun'26 16:59

Tata Technologies Ltd (TATATECH)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544028 NSE: TATATECH IT - Software | Small Cap | Tata Technologies Share Price

₹770.60 21.80 (2.91%)

As on 05-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹30,405 Cr.
Current Price
₹770.6
52-Week Low / High
₹508 / 797
TTM EPS
₹13.5
TTM Sales
₹5,506 Cr.
Book Value per Share
₹96.6
P/E Ratio
55.63
Higher than its 5-year historical median
Industry PE
22.2
Price to Book (P/B)
7.75
In line with its 5-year historical median
Price to Sales (P/S)
5.52
In line with its 5-year historical median
EV/EBITDA
29.54
Higher than its 5-year historical median
Dividend Yield
2.30%
Profitability Efficiency
Return on Equity (ROE)
14.62%
Outperforms industry median
Return on Capital Employed (ROCE)
19.56%
Outperforms industry median
Return on Assets (ROA)
7.37%
Operating Profit Margin
18.1%
Net Profit Margin
9.93%
Gross Profit Margin
18%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
1%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-10.03%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-19.26%
Asset Quality
Promoter Holding
55.18%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹3,842 Cr.
Equity
₹81.2 Cr.
Face Value
₹2
All Time Low / High
₹507.50 / 1400.00

Tata Technologies stock performance

Key Ratios
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Check Before You Invest

Valuation

Fair

Price Trend

Strong
Q.1 Is Tata Technologies Ltd a good quality company?
Tata Technologies 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 Technologies Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Tata Technologies Ltd vs industry peers?
Tata Technologies Ltd revenue CAGR is 12.63%, 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 Technologies Ltd?
Promoters hold 55.18% of the Tata Technologies Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Tata Technologies Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of -13.17% based on the current price.

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 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

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 29.1%26.5%21%28%22.6%16.7%27.5%30.9%30.6%27.7%-
Value Creation
Index
1.61.40.91.51.00.51.51.81.71.5-

Growth Parameters

Sales 2,6832,8022,6912,9422,8522,3813,5304,4145,1175,1685,506
Sales YoY Gr.-4.4%-3.9%9.3%-3.1%-16.5%48.2%25.1%15.9%1%-
Adj EPS 8.98.65.98.35.95.810.515.316.716.313.5
YoY Gr.--3.8%-31.8%42.2%-28.7%-1.7%79.3%46%9.2%-2.2%-
BVPS (₹) 32.633.736.841.744.351.254.573.779.387.996.6
Adj Net
Profit
384362247358248244438620678663547
Cash Flow from Ops. 2341982703692671,113-38.7401294699-
Debt/CF from Ops. 1.71.10.30000000-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 7.6%12.6%13.6%1%
Adj EPS 6.9%22.4%16%-2.2%
BVPS11.7%14.7%17.2%10.9%
Share Price - - - 1.6%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
31.225.616.621.713.812.219.823.521.819.514.6
Op. Profit
Mgn %
18.717.712.517.216.516.218.218.318.418.115.5
Net Profit
Mgn %
14.312.99.212.28.710.312.414.113.212.89.9
Debt to
Equity
0.30.2000000000.2
Working Cap
Days
105104124124126165148191215240169
Cash Conv.
Cycle
-161161333512713202760

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales2,8022,6912,9422,8522,3813,5304,4145,1175,1685,506
Operating Expenses > + 2,3122,3592,4392,3822,0022,8913,6074,1764,2374,667
Manufacturing Costs60615555525891678794
Material Costs320336345368338689682895900967
Employee Cost 1,2831,3231,3901,4191,2161,5131,9292,3642,4892,737
Other Costs > 648638650540396632905850762869
Operating Profit > 490333503470379638807941932838
Operating Profit Margin (%) 17.5%12.4%17.1%16.5%15.9%18.1%18.3%18.4%18.0%15.2%
Other Income > + 378844455256102116126189
Exceptional Items > -8-8-6-9-50000-108
Interest > 45116182218192034
Depreciation > 63716999928695106121145
Profit Before Tax > 450337471392315587796932921765
Tax > 999111814076150172253244218
Profit After Tax 351246353252239437624679677547
PAT Margin (%) 12.5%9.1%12.0%8.8%10.1%12.4%14.1%13.3%13.1%9.9%
Adjusted EPS (₹)8.35.88.46.05.710.515.416.816.713.5
Dividend Payout Ratio (%)48%51.40%17.90%66.50%0%0%80%60%70.10%86.90%

Valuation of Tata Technologies - Consolidated

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 + 1,4211,5501,7571,8532,1422,2802,9883,2163,5653,910
Share Capital 42424242424281818181
Reserves 1,3791,5081,7151,8112,1002,2382,9073,1343,4843,829
Debt +150670000000666
Long Term Debt000000000589
Short Term Debt15067000000077
Minority Interest0000000000
Trade Payables284317295243224337658481477581
Others Liabilities 2432561874451,1641,5441,4041,6282,2813,352
Total Liabilities 2,0982,1902,2382,5413,5304,1615,0495,3256,3238,509

Fixed Assets

Net Fixed Assets +7638538191,1191,0901,0681,0951,1511,1302,055
Gross Block8811,0471,0181,4031,4531,5001,6261,7631,8572,858
Accumulated Depreciation118194199284364432531613727803
CWIP 10132500030015
Investments 22037393649752830150616823
Inventories0100000000
Trade Receivables5266055767235967681,1061,1481,0061,187
Cash Equivalents 306257384389783869999913903715
Others Assets 2734253962735649271,8161,9632,6693,714
Total Assets 2,0982,1902,2382,5413,5304,1615,0495,3256,3238,509

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 1982703692671,113-39401294699776
PBT 450337471392315587796932921765
Adjustment 4262961231028267725456
Changes in Working Capital -197-58-20-116806-580-219-40738133
Tax Paid -96-71-178-132-110-128-243-303-314-178
Cash Flow From Investing Activity + -36111-22-8-67474-487394-89-871
Capex -95-54-49-53-14-63-65-91-31-32
Net Investments -11622954-450-108-15192-325-98
Others 175-632242-210246-407293268-741
Cash Flow From Financing Activity + -331-374-221-261-44-44-347-557-48616
Net Proceeds from Shares 1000000004
Net Proceeds from Borrowing -67-580000000570
Interest Paid -4-5-1-1-2-0-0-0-1-1
Dividend Paid -180-205-153-181000-499-416-477
Others -80-107-67-79-42-44-347-58-69-81
Net Cash Flow -1698126-1395-9-433131124-80

Financial Ratio

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)24.8716.5521.3313.9411.9719.7623.6921.919.9714.62
ROCE (%)26.4520.9627.9922.5916.6727.5330.930.6327.6819.56
Asset Turnover Ratio1.281.261.331.190.780.920.960.990.890.74
PAT to CFO Conversion(x)0.561.11.051.064.66-0.090.640.431.031.42
Working Capital Days
Receivable Days63.3076.7073.2083.10101.1070.5077.5080.407672.70
Inventory Days00.100.100000000
Payable Days335.90325.90323.70266.80251.80148.50265.90232.20194.30199.70

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 Technologies Ltd FAQs

The current trading price of Tata Technologies on 05-Jun-2026 16:59 is ₹770.6.

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 04-Jun-2026 the market cap of Tata Technologies stood at ₹30,405.2 Cr

The latest P/E ratio of Tata Technologies as of 04-Jun-2026 is 53.30.

The latest P/B ratio of Tata Technologies as of 04-Jun-2026 is 17.20.

The 52-week high of Tata Technologies is ₹797.0 and the 52-week low is ₹507.5.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Tata Technologies is ₹3,126 ( Cr.) .

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

The key valuation ratios of Tata Technologies 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 Strong which suggest that the price of Tata Technologies Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About Tata Technologies Ltd

Tata Technologies is a global product engineering and digital services company, focused on fulfilling the mission of helping the world drive, fly, build, and farm by enabling customers to realize better products and deliver better experiences. As the strategic engineering partner that businesses turn to, the company enables manufacturing companies to conceptualize, develop, and realize products that are safer, cleaner, and improve the quality of life for all stakeholders, thereby achieving the vision of engineering a better world. The company offers a full spectrum of solutions across the product value chain, including outsourced product engineering services, digital transformation services, upskilling solutions, and value-added reselling of software products essential for developing and realizing superior products. From delivering discrete outcomes to end-to-end turnkey product development for Electric Vehicles, the company is the partner with the experience and expertise to understand what better looks like - and how to bring it to life.

The company’s focus on sustainable engineering solutions, including end-to-end offerings on electric vehicles (EV) and software-defined vehicles (SDV), is enabling OEMs to transform their portfolio and reduce tailpipe emissions, thereby leading to a better environment for everyone. The company’s global presence allows it to capitalize on the investments that companies are likely to make across key regions. The company prioritizes investing in its workforce, focusing on upskilling in new competencies essential for delivering innovative solutions to meet customer expectations. 

Furthermore, with the surge in growth of the Ed-tech sector in the new normal, the company is dedicated to using its expertise in education to assist institutions in training and empowering youth with Industry 4.0 technologies. The company’s commitment to leveraging its iGETIT and Education offerings to train the needy and underserved is aimed at engineering a better world for the youth of tomorrow and addressing industry challenges associated with the availability of skilled manpower.

Business area of the company

The company’s primary business line includes providing outsourced engineering services and digital transformation services to global manufacturing clients, helping them conceive, design, develop, and deliver superior products, including SDV. Complementing its service offerings, the company’s Products and Education offerings (collectively known as Technology Solutions) resell 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. 

Core services of the company

  • Engineering, Research and Development (ER&D): ER&D helps global manufacturing customers conceptualize, design and develop better products for a sustainable future.
  • Digital Enterprise Services (DES): DES is designed to help manufacturing customers identify and deploy technologies, tools and solutions to manufacture, service and realize better products.
  • Education Offerings: The company work with universities and governments to equip the next generation of engineers with the skills that are required by the manufacturing industry. 
  • Products and Value Added Reselling (VAR): The company helps its customers identify and deploy appropriate product development software offered by its partners to manufacture, service, and realize better products and win at market place.
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
  • 2024: Best use of Data Analytics in Supply Chain Optimization (IT Services) at Quantic’s - Data Analytics & AI Show 2024
Major events and milestones

  • 1994-95: Founded as a business unit of Tata Motors in 1989
  • 1997-99: Mr. Ratan Tata launched Tata Technologies in India on February 6, 1997
  • 1997-99: Won Tata Motors Ltd. E&D & IT outsourcing engagement with 760 FTEs
  • 2003-04: Recognized as the Best E&D company in the world with PCMM and CMMI Level 5 assessments
  • 2005-06: Acquired 100% of INCAT International Plc, UK
  • 2005-06: Opened a new global offshore delivery centre in Thailand
  • 2012-13: Launched electric Mobility (eMO) at the 2012 NAIAS - the first full vehicle program by an Indian engineering services firm
  • 2012-13: Acquired Cambric Corp
  • 2012-13: Ranked in the Fortune India 500 for the first time
  • 2014-15: Launched AXIA-VAVE Center of Excellence
  • 2014-15: Expanded global footprint with a presence in China
  • 2017: Acquired Escenda Engineering AB in Sweden 700-seater capacity stateof-the-art EIDC
  • 2017: Strategic partnership agreement with Zodiac Seats (UK); opened an Offshore Dedicated Engineering Center (ODEC) in Pune
  • 2023: Successful public market listing with a premium of 140%
  • 2024: JV with BMW Group for automotive software, SDV & business IT solutions

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