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Last Updated: April 2, 2026, 2:54 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 500408 | NSE: TATAELXSI

Tata Elxsi Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:54 am

Market Cap 25,710 Cr.
Current Price 4,127
Intrinsic Value₹4,272.30
High / Low 6,735/3,966
Stock P/E40.8
Book Value 434
Dividend Yield1.82 %
ROCE36.3 %
ROE29.3 %
Face Value 10.0
PEG Ratio37.33

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Tata Elxsi Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Tata Elxsi Ltd 25,710 Cr. 4,127 6,735/3,96640.8 4341.82 %36.3 %29.3 % 10.0
Zensar Technologies Ltd 12,240 Cr. 538 895/51116.1 1882.42 %21.3 %16.4 % 2.00
Mphasis Ltd 40,770 Cr. 2,137 3,037/2,01322.3 5052.67 %22.7 %18.2 % 10.0
Sonata Software Ltd 6,190 Cr. 221 464/20713.4 63.21.99 %29.1 %27.3 % 1.00
Newgen Software Technologies Ltd 6,145 Cr. 432 1,379/40120.0 1031.16 %27.8 %22.4 % 10.0
Industry Average93,414.06 Cr648.3343.95156.220.97%20.61%18.63%7.00

All Competitor Stocks of Tata Elxsi Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 818838850882914906926955939908892918953
Expenses 571588599618644645674689693701705725731
Operating Profit 247250251264270261252266247208187193222
OPM % 30%30%30%30%30%29%27%28%26%23%21%21%23%
Other Income 192622313534326440433849-50
Interest 4446655555544
Depreciation 21212125252827272625242323
Profit before tax 240250248264274262252299256221196215146
Tax % 19%19%24%24%25%25%27%23%22%22%26%28%26%
Net Profit 195202189200206197184229199172144155109
EPS in Rs 31.2632.3630.3232.1233.1531.6229.5636.8431.9527.6823.1824.8517.48

Last Updated: February 6, 2026, 12:16 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 2:16 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 7728491,0751,2371,3861,5971,6101,8262,4713,1453,5523,7293,672
Expenses 6356728279641,0391,1811,2661,3031,7042,1822,5052,7552,862
Operating Profit 1371772482743474163445247679621,047974810
OPM % 18%21%23%22%25%26%21%29%31%31%29%26%22%
Other Income 164121843435840457412217981
Interest 311111771017212017
Depreciation 352523272525434455819910595
Profit before tax 1151562362643644333525127459381,0491,028779
Tax % 35%34%34%34%34%33%27%28%26%19%24%24%
Net Profit 75103155175240290256368550755792785580
EPS in Rs 12.0616.5224.8528.0538.5446.5641.1259.1188.26121.26127.21126.0393.19
Dividend Payout % 37%33%28%29%29%29%40%81%48%50%55%60%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)37.33%50.49%12.90%37.14%20.83%-11.72%43.75%49.46%37.27%4.90%-0.88%
Change in YoY Net Profit Growth (%)0.00%13.15%-37.58%24.24%-16.31%-32.56%55.47%5.71%-12.18%-32.37%-5.78%

Tata Elxsi Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:16%
5 Years:18%
3 Years:15%
TTM:2%
Compounded Profit Growth
10 Years:23%
5 Years:25%
3 Years:13%
TTM:-5%
Stock Price CAGR
10 Years:19%
5 Years:36%
3 Years:-15%
1 Year:-30%
Return on Equity
10 Years:34%
5 Years:34%
3 Years:34%
Last Year:29%

Last Updated: September 5, 2025, 4:05 am

Balance Sheet

Last Updated: October 10, 2025, 2:01 pm

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 31313131626262626262626262
Reserves 2042523555276768801,0281,2901,5392,0232,4432,7982,640
Borrowings 0000005873138185225196169
Other Liabilities 152182214158207201241291430493457529584
Total Liabilities 3874656007159451,1431,3891,7172,1692,7643,1873,5863,456
Fixed Assets 979810710894101147170272334396318275
CWIP 133212017227220
Investments 0000000000000
Other Assets 2773644916078481,0421,2411,5401,8762,4232,7893,2663,181
Total Assets 3874656007159451,1431,3891,7172,1692,7643,1873,5863,456

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 126143121144197215256437483487701812
Cash from Investing Activity + -18-29-3128-245-16243-439-106-201-274-311
Cash from Financing Activity + -79-32-41-52-60-83-124-126-326-303-428-499
Net Cash Flow 298349120-108-30175-12851-17-12
Free Cash Flow 10211084118185184233399412423618796
CFO/OP 105%103%79%88%90%86%100%107%90%70%92%106%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow137.00177.00248.00274.00347.00416.00286.00451.00629.00777.00-224.00778.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 74667372818189989911310095
Inventory Days 00682120
Days Payable 205212244202162
Cash Conversion Cycle 7466737281-117-11698-143-88-6095
Working Capital Days 221026545969725347757265
ROCE %48%60%71%56%57%51%35%40%48%48%43%36%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 43.92%43.92%43.92%43.92%43.92%43.92%43.91%43.91%43.91%43.91%43.90%43.90%
FIIs 13.85%14.22%13.80%15.02%14.56%13.67%13.65%13.27%12.73%12.74%12.53%8.56%
DIIs 3.54%4.08%4.80%5.71%6.06%6.24%7.38%7.50%8.54%9.79%10.37%12.28%
Public 38.67%37.77%37.46%35.34%35.47%36.16%35.04%35.30%34.82%33.54%33.18%35.24%
No. of Shareholders 5,82,9035,62,3625,66,9205,16,3305,37,4605,74,5155,50,8415,72,7195,89,9675,79,3105,78,7365,73,312

Shareholding Pattern Chart

No. of Shareholders

Tata Elxsi Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
ICICI Prudential Technology Fund 91,332 0.31 48.62N/AN/AN/A
Canara Robeco Small Cap Fund 79,728 0.33 42.44N/AN/AN/A
NJ Flexi Cap Fund 43,626 0.94 23.2243,0632026-02-23 07:38:111.31%
NJ Balanced Advantage Fund 41,673 0.61 22.1842,1802026-02-22 10:29:43-1.2%
Mirae Asset Arbitrage Fund 39,400 0.58 20.9742,2002026-02-22 10:29:43-6.64%
UTI Multi Asset Allocation Fund 38,481 0.3 20.4935,4812026-02-23 06:03:138.46%
UTI Arbitrage Fund 38,100 0.19 20.2847,2002026-02-23 07:21:21-19.28%
Tata Arbitrage Fund 27,200 0.07 14.4888,1002026-02-22 10:29:42-69.13%
Baroda BNP Paribas ELSS Tax Saver Fund 15,000 0.88 7.99N/AN/AN/A
Quant Teck Fund 14,129 2.81 7.52N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 15Mar 14Mar 13Mar 12Mar 11
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 32.7623.216.8411.1110.44
Diluted EPS (Rs.) 32.7623.216.8411.1110.44
Cash EPS (Rs.) 40.9734.4414.8019.0215.97
Book Value[Excl.RevalReserv]/Share (Rs.) 91.0275.7062.6861.6558.57
Book Value[Incl.RevalReserv]/Share (Rs.) 91.0275.7062.6861.6558.57
Revenue From Operations / Share (Rs.) 272.78248.82199.65173.01133.57
PBDIT / Share (Rs.) 58.0247.8524.7025.1116.40
PBIT / Share (Rs.) 49.8236.6217.0718.5310.87
PBT / Share (Rs.) 49.8236.0310.7217.7810.27
Net Profit / Share (Rs.) 32.7623.217.1812.4310.44
NP After MI And SOA / Share (Rs.) 32.7623.216.8411.1110.44
PBDIT Margin (%) 21.2619.2312.3614.5112.27
PBIT Margin (%) 18.2614.718.5510.708.13
PBT Margin (%) 18.2614.475.3610.277.68
Net Profit Margin (%) 12.019.323.597.187.81
NP After MI And SOA Margin (%) 12.019.323.426.427.81
Return on Networth / Equity (%) 35.9930.6510.9118.0117.83
Return on Capital Employeed (%) 52.7246.0325.9728.4717.75
Return On Assets (%) 21.9118.605.8610.3310.77
Total Debt / Equity (X) 0.000.000.290.170.13
Asset Turnover Ratio (%) 1.992.061.751.631.38
Current Ratio (X) 1.921.691.191.321.35
Quick Ratio (X) 1.911.691.191.321.34
Dividend Payout Ratio (NP) (%) 33.5738.7873.0663.0167.03
Dividend Payout Ratio (CP) (%) 26.8526.1334.5739.5543.83
Earning Retention Ratio (%) 66.4361.2226.9436.9932.97
Cash Earning Retention Ratio (%) 73.1573.8765.4360.4556.17
Interest Coverage Ratio (X) 72264.9681.5619.6833.6227.12
Interest Coverage Ratio (Post Tax) (X) 40809.3640.5610.7917.6418.27
Enterprise Value (Cr.) 3473.011643.70630.41617.44795.86
EV / Net Operating Revenue (X) 4.092.121.011.151.91
EV / EBITDA (X) 19.2211.038.207.8915.59
MarketCap / Net Operating Revenue (X) 4.252.190.951.131.90
Retention Ratios (%) 66.4261.2126.9336.9832.96
Price / BV (X) 12.727.193.053.184.34
Price / Net Operating Revenue (X) 4.252.190.951.131.90
EarningsYield 0.020.040.030.050.04

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

₹4,226.11Fairly Valued by 2.40%vs CMP ₹4,127.00

P/E (40.8) × ROE (29.3%) × BV (₹434.00) × DY (1.82%)

₹1,680.76Overvalued by 59.27%vs CMP ₹4,127.00
MoS: -145.5% (Negative)Confidence: 63/100 (Moderate)Models: 1 Fair, 8 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹4,272.3022%Fair (+3.5%)
Graham NumberEarnings₹953.9416%Over (-76.9%)
Earnings PowerEarnings₹1,017.8213%Over (-75.3%)
DCFCash Flow₹1,043.9413%Over (-74.7%)
Net Asset ValueAssets₹433.737%Over (-89.5%)
EV/EBITDAEnterprise₹1,704.909%Over (-58.7%)
Earnings YieldEarnings₹931.907%Over (-77.4%)
ROCE CapitalReturns₹681.689%Over (-83.5%)
Revenue MultipleRevenue₹598.585%Over (-85.5%)
Consensus (9 models)₹1,680.76100%Overvalued
Key Drivers: Wide model spread (₹434–₹4,272) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 1.1%

*Investments are subject to market risks

About the Company - Qualitative Analysis

Tata Elxsi Ltd. is a Public Limited Listed company incorporated on 30/03/1989 and has its registered office in the State of Karnataka, India. Company's Corporate Identification Number(CIN) is L85110KA1989PLC009968 and registration number is 009968. Currently Company is involved in the business activities of Providing software support and maintenance to the clients. Company's Total Operating Revenue is Rs. 3729.05 Cr. and Equity Capital is Rs. 62.28 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
IT Consulting & SoftwareITPB Road, Whitefield, Bengaluru Karnataka 560048Contact not found
Management
NamePosition Held
Mr. N G SubramaniamChairman, Non Ind & Non Exe Director
Mr. Manoj RaghavanManaging Director & CEO
Ms. Ashu SuyashInd. Non-Executive Director
Mr. Soumitra BhattacharyaInd. Non-Executive Director
Prof. Anurag KumarInd. Non-Executive Director
Mr. Ankur VermaNon Exe.Non Ind.Director

FAQ

What is the intrinsic value of Tata Elxsi Ltd and is it undervalued?

As of 03 April 2026, Tata Elxsi Ltd's intrinsic value is ₹1680.76, which is 59.27% lower than the current market price of ₹4,127.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (29.3 %), book value (₹434), dividend yield (1.82 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Tata Elxsi Ltd?

Tata Elxsi Ltd is trading at ₹4,127.00 as of 03 April 2026, with a FY2026-2027 high of ₹6,735 and low of ₹3,966. The stock is currently near its 52-week low. Market cap stands at ₹25,710 Cr..

How does Tata Elxsi Ltd's P/E ratio compare to its industry?

Tata Elxsi Ltd has a P/E ratio of 40.8, which is below the industry average of 43.95. This is broadly in line with or below the industry average.

Is Tata Elxsi Ltd financially healthy?

Key indicators for Tata Elxsi Ltd: ROCE of 36.3 % indicates efficient capital utilization; ROE of 29.3 % shows strong shareholder returns. Dividend yield is 1.82 %.

Is Tata Elxsi Ltd profitable and how is the profit trend?

Tata Elxsi Ltd reported a net profit of ₹785 Cr in Mar 2025 on revenue of ₹3,729 Cr. Compared to ₹550 Cr in Mar 2022, the net profit shows an improving trend.

Does Tata Elxsi Ltd pay dividends?

Tata Elxsi Ltd has a dividend yield of 1.82 % at the current price of ₹4,127.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Tata Elxsi Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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