Skip to content
Tata Elxsi logo

Tata Elxsi

TATAELXSI NSE
₹3,755.00 No trade today
P/E
35.73
View as Markdown
MCP
Close 4 Nov 2026 ₹3,755.00 −1,487.50 −28.4% 1Y
Start ₹5,242.50

Key Fundamentals

SmallcapIT - SoftwareInformation Technology

Price-based figures as of · EPS basis: Standalone · TTM

ROCE
30.00%
Debt to Equity
0.05
EPS (TTM)
₹105.08
Book Value
₹467.50
Market Cap
—
P/E (TTM)
35.73
P/B
8.03
ROE
23.60%
Dividend Yield
2.02%
EBITDA
₹181 Cr
52W High
₹5,950.00
52W Low
₹2,996.00
Volume
0

Peer Comparison

Information Technology › Computer Software & Consulting › Computers - Software & Consulting

Tata Elxsi peer comparison
TCS
₹2,436.0017.08₹8,98,480 Cr7.400.96%51.80%63.00%₹2,83,248 Cr₹51,858 Cr
Infosys
₹1,128.2014.88₹4,63,085 Cr4.862.26%31.90%40.00%₹1,89,336 Cr₹30,788 Cr
HCL Tech
₹1,405.0021.88₹3,89,601 Cr5.013.34%23.80%30.40%₹1,34,374 Cr₹17,434 Cr
Wipro
₹194.5515.21₹1,94,390 Cr2.441.01%15.50%17.80%₹94,968 Cr₹13,285 Cr
Tech Mahindra
₹1,783.0034.02₹1,76,066 Cr5.880.84%17.50%23.10%₹59,176 Cr₹5,163 Cr
LTM
₹4,204.9023.84₹1,26,067 Cr4.820.59%23.10%29.60%₹44,075 Cr₹5,197 Cr
Persistent Systems
₹6,065.0049.64₹96,188 Cr7.820.66%27.20%34.40%₹15,718 Cr₹1,922 Cr
Tata Elxsi (this company)
₹3,755.0035.73₹23,545 Cr8.032.02%23.60%30.00%₹3,886 Cr₹655 Cr
Median 8 companies₹2,109.5022.86₹1,85,228 Cr5.450.99%23.70%30.20%₹77,072 Cr₹9,241 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

47 Average

Data confidence 98/100

Category scores

Quality
72
Strong
Returns, margins, earnings quality 22% weight
Valuation
37
Poor
Cheap vs sector & own history 24% weight
Growth
38
Weak
Sales & profit trajectory 9% weight
Financial Health
80
Strong
Solvency, leverage, coverage 9% weight
Momentum
46
Average
Trend strength, vol-adjusted 12% weight
Ownership
23
Poor
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

3
  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 28.6%
  • Company has been maintaining a healthy dividend payout of 63.0%

No weaknesses listed

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bullish4510
OscillatorsBullish153
Moving AveragesStrong Bullish307

Key readings

RSI (14)
60.69
Neutral
MACD (12,26,9)
106.61
Bullish
SMA (50)
3,481.43
Bullish
SMA (200)
4,092.24
Bearish

As of

Analyst Rating

Based on 14 analysts
SELL50%

5 of 14 analysts rate Buy, 2 Hold, 7 Sell.

As of

BUY
5
36%
HOLD
2
14%
SELL
7
50%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+13.33%
5Y+15.52%
3Y+6.11%
1Y+0.75%
TTM+5.20%

Net profit

Net profit growth by window
10Y+15.02%
5Y+11.28%
3Y−5.95%
1Y−20.00%
TTM−11.96%

Operating cash flow

Operating cash flow growth by window
10Y+18.56%
5Y+8.73%
3Y+10.89%
1Y−18.23%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y−0.50 pp
5Y−6.13 pp
3Y−8.02 pp
1Y−3.55 pp
TTM−2.04 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹1,237 Cr
Mar 2018₹1,386 Cr
Mar 2019₹1,597 Cr
Mar 2020₹1,610 Cr
Mar 2021₹1,826 Cr
Mar 2022₹2,471 Cr
Mar 2023₹3,145 Cr
Mar 2024₹3,552 Cr
Mar 2025₹3,729 Cr
Mar 2026₹3,757 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹175 Cr
Mar 2018₹240 Cr
Mar 2019₹290 Cr
Mar 2020₹256 Cr
Mar 2021₹368 Cr
Mar 2022₹550 Cr
Mar 2023₹755 Cr
Mar 2024₹792 Cr
Mar 2025₹785 Cr
Mar 2026₹628 Cr

Analyst Forecasts

Forecast For
Dec 26 consensus · EBITDA
₹264 Cr −0.9% vs Sep 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 30 Oct 2026
AI opinion · based on fundamentals
Risk high

Tata Elxsi Ltd trades at ₹3,790 as of 2026-10-30 with a market cap of ₹23,614 Cr and a PE of 36.07x. The company is nearly debt-free with a debt-to-equity of 0.05 and carries a strong long-term ROE track record of 32% over five years, but recent profit growth has turned negative at -5% TTM and the stock has declined 42% over the past year from a 52-week high of ₹5,950.

Bull Case 8
  • The company is virtually debt-free with a debt-to-equity ratio of just 0.05, providing significant financial flexibility and resilience through business cycles.
  • ROCE stands at 52.73%, indicating highly efficient capital deployment and strong competitive positioning in its niche of design-led technology services.
  • Five-year ROE averages 32% and the 10-year average is also 32%, demonstrating a consistent and durable ability to generate strong returns for shareholders.
  • The company maintains a healthy dividend payout ratio of 63.0% with a current dividend yield of 1.97%, offering meaningful income to shareholders while still retaining capital for growth.
  • Compounded sales growth over 10 years stands at 13% and over 5 years at 16%, reflecting a sustained ability to grow the top line across different market environments.
  • Compounded profit growth over 10 years is 16% and over 5 years is 14%, showing the company has historically translated revenue growth into bottom-line expansion.
  • At ₹3,790 the stock trades 36% below its 52-week high of ₹5,950, and only 26% above its 52-week low of ₹2,996, meaning much of the correction may already be priced in.
  • TTM revenue growth remains positive at 5% even as profit growth has turned negative, suggesting margin headwinds may be cyclical rather than structural.
Bear Case 7
  • The stock has delivered a 1-year return of -42%, significantly underperforming the broader market and indicating persistent negative sentiment.
  • TTM profit growth has turned negative at -5%, and 3-year compounded profit growth is also negative at -3%, pointing to a meaningful earnings deterioration trend.
  • At a PE of 36.07x with declining earnings, the valuation appears stretched — the company needs to reverse its profit decline to justify this multiple.
  • Last-year ROE has fallen to 24% from the 3-year average of 29% and the 5-year average of 32%, suggesting diminishing returns on equity and possible structural margin pressure.
  • Three-year stock CAGR of -25% and 5-year stock CAGR of -13% show that the underperformance is not a short-term blip but a multi-year trend of wealth erosion for shareholders.
  • Three-year compounded sales growth has slowed to 6% compared to the 5-year rate of 16%, indicating a notable deceleration in revenue momentum.
  • With a market cap of ₹23,614 Cr the company is a mid-cap, which typically carries higher volatility and liquidity risk compared to large-cap IT peers during market downturns.

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

9h ago

TL;DR: Tata Elxsi delivered a solid Q2 FY27 with 15% YoY revenue growth, margin expansion to 21.9% despite wage hikes, and broad-based sequential growth across all verticals led by strong US momentum. Key risks include rising customer concentration (top-10 at 59.7% of revenue), continued European auto weakness, and currency tailwinds that may not persist. The trend is improving operationally with AI-led deal wins and diversification into adjacencies, but multiple brokerages remain cautious with sell/reduce ratings, and meaningful margin expansion likely depends on sustained revenue acceleration in H2 FY27.

Headwinds 5
  • European auto demand remains soft Oct 13

    Continued softness in European automotive demand and delays in deal closures constrain near-term growth. Aerospace and defence programmes remain 2-3 quarters away from meaningful contribution.

  • Customer concentration rising Oct 13

    Top-10 clients now account for 59.7% of revenue, up from 54.6% a year ago, increasing dependency risk on key accounts.

  • Net profit margins compressed YoY Oct 13

    Net profit margin fell to 16.1% from 16.9% a year ago due to other income declining ~28% to ₹35 crore and effective tax rate rising to 28.9% from 27.9%.

Positives 6
  • Q2 revenue up 15% YoY Oct 13

    Q2 FY27 operating revenue grew 15% YoY to ₹1,055.7 crore and 3.4% QoQ, with net profit rising 7.2% sequentially to ₹154.81 crore, beating analyst estimates of ₹154.48 crore.

  • EBITDA margin expands to 21.9% Oct 13

    EBITDA grew 19.7% YoY to ₹231.4 crore with margins expanding ~85 bps YoY and 70 bps QoQ to 21.9%, despite company-wide salary revisions absorbed through operational efficiencies.

  • Shares surge on strong results Oct 13

    Shares jumped as high as 7.5% to ₹3,685 on results day, gaining 19% over the prior week and 8.5% over the prior month, significantly outperforming the Nifty index.

Neutral 2
  • Deloitte appointed statutory auditors Oct 13

    Board approved Deloitte Haskins & Sells as statutory auditors for five years starting from the 38th AGM in 2027.

  • Q2 earnings call held Oct 13 Oct 6

    Tata Elxsi announced Q2 FY27 results and held an investors' conference call at 7:00 pm IST on October 13.

Quarterly Results

₹ Cr
TATAELXSI quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
850
882
914
906
926
955
939
908
892
918
953
994
1,021
1,056
Expenses
599
618
644
645
674
689
693
701
705
725
731
749
805
824
Operating Profit
251
264
270
261
252
266
247
208
187
193
222
245
216
231
OPM %
30%
30%
30%
29%
27%
28%
26%
23%
21%
21%
23%
25%
21%
22%
Other Income
22
31
35
34
32
64
40
43
38
49
−50
51
41
35
Interest
4
6
6
5
5
5
5
5
5
4
4
4
3
4
Depreciation
21
25
25
28
27
27
26
25
24
23
23
23
22
24
PBT
248
264
274
262
252
299
256
221
196
215
146
268
232
239
Tax %
24%
24%
25%
25%
27%
23%
22%
22%
26%
28%
26%
18%
27%
29%
Net Profit
189
200
206
197
184
229
199
172
144
155
109
220
171
170
EPS (₹)
30.32
32.12
33.15
31.62
29.56
36.84
31.95
27.68
23.18
24.85
17.48
35.37
27.38
—

Sep 2026: from the results filed on 13 Oct 2026, ahead of the full statement, so some rows are blank.

Profit & Loss

₹ Cr
TATAELXSI profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
849
1,075
1,237
1,386
1,597
1,610
1,826
2,471
3,145
3,552
3,729
3,757
3,886
Expenses
672
827
964
1,039
1,181
1,266
1,303
1,704
2,182
2,505
2,755
2,909
3,010
Operating Profit
177
248
274
347
416
344
524
767
962
1,047
974
848
876
OPM %
21%
23%
22%
25%
26%
21%
29%
31%
31%
29%
26%
23%
23%
Other Income
4
12
18
43
43
58
40
45
74
122
179
88
91
Interest
1
1
1
1
1
7
7
10
17
21
18.98
18
14
Depreciation
25
23
27
25
25
43
44
55
81
99
105
94
92
PBT
156
236
264
364
433
352
512
745
938
1,049
1,028
825
861
Tax %
34%
34%
34%
34%
33%
27%
28%
26%
19%
24%
24%
24%
—
Net Profit
103
155
175
240
290
256
368
550
755
792
785
628
655
EPS (₹)
16.52
24.85
28.05
38.54
46.56
41.12
59.11
88.26
121
127
126
101
105
Div. Payout %
33%
28%
29%
29%
29%
40%
81%
48%
50%
55%
60%
74%
—

Balance Sheet

₹ Cr
TATAELXSI balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
31
31
31
62
62
62
62
62
62
62
62
62
Reserves
252
355
527
676
880
1,028
1,290
1,539
2,023
2,443
2,798
2,979
Borrowings
0
0
0
0
0
58
73
138
185
225
192
162
Other Liabilities
182
214
158
207
201
241
291
430
493
457
533
759
Total Liabilities
465
600
715
945
1,143
1,389
1,717
2,169
2,764
3,187
3,586
3,963
Fixed Assets
98
107
108
94
101
147
170
272
334
396
318
259
CWIP
3
2
1
2
0
1
7
22
7
2
2
0
Investments
0
0
0
0
0
0
0
0
0
0
0
0
Other Assets
364
491
607
848
1,042
1,241
1,540
1,876
2,423
2,789
3,266
3,703
Total Assets
465
600
715
945
1,143
1,389
1,717
2,169
2,764
3,187
3,586
3,963

Cash Flow

₹ Cr
TATAELXSI cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
143
121
144
197
215
256
437
483
487
701
812
664
Investing
−29
−31
28
−245
−162
43
−439
−106
−201
−274
−311
−70
Financing
−32
−41
−52
−60
−83
−124
−126
−326
−303
−428
−499
−535
Net Cash Flow
83
49
120
−108
−30
175
−128
51
−17
−1
2
59
Free Cash Flow
110
84
118
185
184
233
399
412
423
618
796
654
CFO/OP
103
79
88
90
86
100
107
90
70
92
106
105

Ratios

TATAELXSI financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
66
73
72
81
81
89
98
99
113
100
95
105
Inventory Days
—
—
—
0
6
8
—
2
1
2
—
—
Days Payable
—
—
—
—
205
212
—
244
202
162
—
—
Cash Conversion Cycle
66
73
72
81
−117
−116
98
−143
−88
−60
95
105
Working Capital Days
10
26
54
59
69
72
53
47
75
72
65
53
ROCE %
60%
71%
56%
57%
51%
35%
40%
48%
48%
43%
36%
30%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Tata Elxsi insights

65 extracted metrics across FY11–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 43.89%
  • Public 33.38%
  • DIIs 9.98%
  • FIIs 8.00%
  • Others 4.75%

No promoter shares pledged as of Sep 2026

Change since Jun 2026

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Tata Elxsi

What does Tata Elxsi Ltd do?
Tata Elxsi is amongst the world’s leading providers of design and technology services across industries including Automotive, Media, Communications and Healthcare.
Where is Tata Elxsi Ltd (TATAELXSI) listed?
Tata Elxsi Ltd trades as TATAELXSI on the NSE and under code 500408 on the BSE.
Which sector does Tata Elxsi Ltd belong to?
Tata Elxsi Ltd is classified under the Information Technology sector, in the Computer Software & Consulting industry.
What is the PE ratio of Tata Elxsi Ltd?
Tata Elxsi Ltd trades at a PE ratio of 35.73 as of 4 Nov 2026, on earnings per share of ₹105.08, against a book value of ₹467.5 per share.
What is the 52-week high and low of Tata Elxsi Ltd?
Over the last 52 weeks Tata Elxsi Ltd has traded between ₹2,996 and ₹5,950 as of 4 Nov 2026.
Does Tata Elxsi Ltd pay dividends?
Tata Elxsi Ltd has a dividend yield of 2.02%.
What is the Return on Equity (ROE) of Tata Elxsi Ltd?
Tata Elxsi Ltd reported a return on equity of 23.60%. Its debt-to-equity ratio is 0.05.

Company Information

Tata Elxsi is amongst the world’s leading providers of design and technology services across industries including Automotive, Media, Communications and Healthcare. Tata Elxsi provides integrated services from research and strategy, to electronics and mechanical design, software development, validation and deployment, and is supported by a network of design studios, global development centers and offices worldwide.

Website tataelxsi.com
CEO Mr. Manoj Raghavan
Employees 11,973
Listed 17 Sep 2003
Face Value ₹10

For AI agents and developers

Reading this as an AI agent, LLM or automated pipeline? Every page on Tapetide is also published as clean Markdown — no navigation, no scripts, just the data. Fetch https://tapetide.com/stocks/TATAELXSI.md for Tata Elxsi Ltd: dated key facts, then this page's sections in order: latest price, key fundamentals, peer comparison, the Tapetide Score, technical indicators, analyst ratings, growth rates, analyst forecasts, the AI analysis and news digest (labelled as AI-generated), financial statements, shareholding pattern, documents and the FAQ.

Append .md to any Tapetide URL for the same treatment. A full index of what we publish is at /llms.txt and /llms-full.txt. For live, structured queries instead of documents, use our Indian stock market MCP server.

Explore More

More IT Software stocks → FII DII DataStock ScreenerNifty 50 HeatmapF&O Ban ListFII and DII flows, month by monthHow Tapetide Scores changed, month by monthStocks mutual funds are buying, month by month