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Last Updated on: 23 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Tata Elxsi Ltd

About the Company - Tata Elxsi Ltd

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 belongs to the Industry of IT Consulting & Software. Company’s Total Operating Revenue is Rs. 2470.80 Cr. and Equity Capital is Rs. 62.28 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
IT Consulting & SoftwareITPB Road, Whitefield, Bengaluru Karnataka 560048investors@tataelxsi.com
http://www.tataelxsi.com
Management
NamePosition Held
Mr. N G SubramaniamChairman, Non Ind & Non Exe Director
Mr. Manoj RaghavanManaging Director & CEO
Mr. Ankur VermaNon Exe.Non Ind.Director
Mr. Sudhakar RaoInd. Non-Executive Director
Mrs. Shyamala GopinathInd. Non-Executive Director
Prof. Anurag KumarInd. Non-Executive Director
Ms. Ashu SuyashInd. Non-Executive Director
Mr. Soumitra BhattacharyaInd. Non-Executive Director

Basic Stock Data of Tata Elxsi Ltd

Last Updated: June 19, 2024, 2:44 pm

Market Cap 45,064 Cr.
Current Price 7,236
High / Low9,200/6,407
Stock P/E57.0
Book Value 402
Dividend Yield0.96 %
ROCE42.7 %
ROE34.5 %
Face Value 10.0
PEG Ratio2.27

Tata Elxsi Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales477518558595635682726763818838850882914
Expenses333350408412425460488537571588599618644
Operating Profit144168150184211221238227247250251264270
OPM %30%32%27%31%33%32%33%30%30%30%30%30%30%
Other Income15718271810191926223135
Interest1222333444466
Depreciation11111214141617222121212525
Profit before tax146162154171200220228219240250248264274
Tax %28%29%26%27%25%27%19%20%19%19%24%24%25%
Net Profit105115113125151160185174195202189200206
EPS in Rs16.8918.4918.2120.1224.2425.6929.6627.9831.2632.3630.3232.1533.15

Last Updated: June 14, 2024, 6:32 pm

Tata Elxsi Ltd Quarterly Chart

Tata Elxsi Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales5146057728491,0751,2371,3861,5971,6101,8262,4713,1453,388
Expenses4475356356728279641,0391,1811,2661,3031,7042,1822,376
Operating Profit68701371772482743474163445247679621,012
OPM %13%12%18%21%23%22%25%26%21%29%31%31%30%
Other Income6-10164121843435840457498
Interest3531111177101718
Depreciation21243525232725254344558189
Profit before tax50321151562362643644333525127459381,002
Tax %33%34%35%34%34%34%34%33%27%28%26%19%
Net Profit342175103155175240290256368550755785
EPS in Rs5.453.3712.0616.5224.8528.0538.5446.5641.1259.1188.26121.26126.06
Dividend Payout %64%74%37%33%28%29%29%29%40%81%48%50%

Tata Elxsi Ltd Profit & Loss Yearly Chart

Tata Elxsi Ltd Growth

Compounded Sales Growth
10 Years:18%
5 Years:18%
3 Years:25%
TTM:17%
Compounded Profit Growth
10 Years:38%
5 Years:26%
3 Years:43%
TTM:12%
Stock Price CAGR
10 Years:39%
5 Years:51%
3 Years:36%
1 Year:18%
Return on Equity
10 Years:36%
5 Years:35%
3 Years:37%
Last Year:41%

Last Updated: April 17, 2024, 1:41 am

Tata Elxsi Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital31313131313162626262626262
Reserves1581612042523555276768801,0281,2901,5392,0232,034
Borrowings34590000005873138185237
Other Liabilities107106152182214158207201241291430493479
Total Liabilities3303563874656007159451,1431,3891,7172,1692,7642,813
Fixed Assets10099979810710894101147170272334384
CWIP102113321201722710
Investments0000000000000
Other Assets2192362773644916078481,0421,2411,5401,8762,4232,419
Total Assets3303563874656007159451,1431,3891,7172,1692,7642,813

Tata Elxsi Ltd Reserves and Borrowings Chart

Tata Elxsi Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 5837126143121144197215256437483487
Cash from Investing Activity -31-29-18-29-3128-245-16243-439-106-201
Cash from Financing Activity -23-11-79-32-41-52-60-83-124-126-326-303
Net Cash Flow3-3298349120-108-30175-12851-17

Tata Elxsi Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days8881746673728181899899113
Inventory Days006821
Days Payable205212244202
Cash Conversion Cycle88817466737281-117-11698-143-88
Working Capital Days354022102654596975565078
ROCE %25%22%48%60%71%56%57%51%35%40%48%48%

Tata Elxsi Ltd Financial Efficiency Indicators Chart

Tata Elxsi Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters44.53%44.53%44.32%44.08%43.92%43.92%43.92%43.92%43.92%43.92%43.92%43.92%
FIIs11.81%12.71%11.93%13.15%15.17%15.37%13.89%13.85%14.22%13.80%15.02%14.56%
DIIs5.77%4.96%5.55%4.94%4.21%3.91%3.43%3.54%4.08%4.80%5.71%6.06%
Public37.89%37.80%38.21%37.83%36.71%36.80%38.75%38.67%37.77%37.46%35.34%35.47%
No. of Shareholders2,26,0483,21,3393,97,2964,13,7524,60,5664,96,5485,79,0545,82,9035,62,3625,66,9205,16,3305,37,460

Tata Elxsi Ltd Shareholding Pattern Chart

No. of Tata Elxsi Ltd Shareholders

Tata Elxsi Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Axis Long Term Equity Fund524,0601.28399.61120,5092024-06-20334.87%
Axis Growth Opportunities Fund469,4513.72357.97120,5092024-06-20289.56%
Axis Small Cap Fund120,5090.5691.89120,5092024-06-200%
Invesco India Smallcap Fund76,1662.0258.08120,5092024-06-20-36.8%
Invesco India Mid Cap Fund62,1561.3947.4120,5092024-06-20-48.42%
Edelweiss Balanced Advantage Fund49,4990.437.74120,5092024-06-20-58.93%
Sundaram Mid Cap Fund48,1610.4336.72120,5092024-06-20-60.04%
Sundaram Mid Cap Fund - Institutional Plan48,1610.4336.72120,5092024-06-20-60.04%
Tata Ethical Fund - Regular Plan48,0001.9436.6120,5092024-06-20-60.17%
Axis Special Situations Fund37,4512.3928.56120,5092024-06-20-68.92%

Tata Elxsi Ltd ROCE Trend

Tata Elxsi Ltd EPS Trend

Tata Elxsi Ltd Key Financial Ratios

MonthMar 15Mar 14Mar 13Mar 12Mar 11
FaceValue10.0010.0010.0010.0010.00
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
EarningsYield0.020.040.030.050.04

Tata Elxsi Ltd Profitability Ratios (%)

Tata Elxsi Ltd Liquidity Ratios

Tata Elxsi Ltd Liquidity Ratios (%)

Tata Elxsi Ltd Interest Coverage Ratios (%)

Tata Elxsi Ltd Valuation Ratios

Fair Value

Fair Value: 7,981.22

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 10.30% compared to the current price 7236

Intrinsic Value: 9,985.60

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 38.00% compared to the current price ₹7236

Last 5 Year EPS CAGR: 25.11%

*Investments are subject to market risks

Strength and Weakness of Tata Elxsi Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 46.75%, which is a positive sign.
  2. The company has higher reserves (855.92 cr) compared to borrowings (60.31 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (211.85 cr) and profit (322.92 cr) over the years.
  1. The stock has a high average Working Capital Days of 47.83, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 14.08, which may not be favorable.

FAQ

What is the latest fair value of Tata Elxsi Ltd?

The latest fair value of Tata Elxsi Ltd is ₹7981.22.

What is the Market Cap of Tata Elxsi Ltd?

The Market Cap of Tata Elxsi Ltd is 45,064 Cr..

What is the current Stock Price of Tata Elxsi Ltd as on 23 June 2024?

The current stock price of Tata Elxsi Ltd as on 23 June 2024 is ₹7,236.

What is the High / Low of Tata Elxsi Ltd stocks in FY 2024?

In FY 2024, the High / Low of Tata Elxsi Ltd stocks is 9,200/6,407.

What is the Stock P/E of Tata Elxsi Ltd?

The Stock P/E of Tata Elxsi Ltd is 57.0.

What is the Book Value of Tata Elxsi Ltd?

The Book Value of Tata Elxsi Ltd is 402.

What is the Dividend Yield of Tata Elxsi Ltd?

The Dividend Yield of Tata Elxsi Ltd is 0.96 %.

What is the ROCE of Tata Elxsi Ltd?

The ROCE of Tata Elxsi Ltd is 42.7 %.

What is the ROE of Tata Elxsi Ltd?

The ROE of Tata Elxsi Ltd is 34.5 %.

What is the Face Value of Tata Elxsi Ltd?

The Face Value of Tata Elxsi Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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