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Tata Technologies

TATATECH NSE
₹652.45 No trade today
P/E
47.55
View as Markdown
MCP
Close 4 Nov 2026 ₹652.45 −24.45 −3.61% 1Y
Start ₹676.90

Key Fundamentals

SmallcapIT - ServicesInformation Technology

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

ROCE
20.90%
Debt to Equity
0.24
EPS (TTM)
₹13.72
Book Value
₹94.39
Market Cap
—
P/E (TTM)
47.55
P/B
6.91
ROE
16.30%
Dividend Yield
1.81%
EBITDA
₹1,028 Cr
52W High
₹891.00
52W Low
₹507.40
Volume
0

Peer Comparison

Information Technology › IT Enabled Services

Tata Technologies peer comparison
L&T Technology Services
₹4,133.5033.20₹45,364 Cr6.190.47%21.50%26.70%₹11,565 Cr₹1,322 Cr
Inventurus Knowledge Solutions
₹1,750.4039.33₹29,871 Cr10.730.00%31.40%31.50%₹3,347 Cr₹764 Cr
Tata Technologies (this company)
₹652.4547.55₹26,704 Cr6.911.81%16.30%20.90%₹5,926 Cr₹558 Cr
Netweb Technologies
₹4,062.3088.56₹24,520 Cr11.480.07%32.80%37.50%₹2,702 Cr₹260 Cr
Affle 3i
₹1,623.9047.83₹22,921 Cr5.070.00%13.80%16.80%₹2,836 Cr₹478 Cr
Sagility
₹43.5920.56₹20,233 Cr1.990.35%10.60%13.40%₹7,617 Cr₹994 Cr
ESDS Software Solution
₹1,193.6091.82₹14,545 Cr10.890.00%24.90%30.20%₹537 Cr₹134 Cr
Median 7 companies₹1,623.9047.55₹24,520 Cr6.910.07%21.50%26.70%₹3,347 Cr₹558 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

56 Good

Data confidence 100/100

Category scores

Quality
64
Good
Returns, margins, earnings quality 22% weight
Valuation
35
Poor
Cheap vs sector & own history 24% weight
Growth
51
Average
Sales & profit trajectory 9% weight
Financial Health
40
Weak
Solvency, leverage, coverage 9% weight
Momentum
63
Good
Trend strength, vol-adjusted 12% weight
Ownership
66
Strong
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

1
  • Company has been maintaining a healthy dividend payout of 72.3%

Weaknesses

1
  • Stock is trading at 7.22 times its book value

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1252
OscillatorsNeutral252
Moving AveragesStrong Bearish1000

Key readings

RSI (14)
35.87
Neutral
MACD (12,26,9)
−22.84
Bearish
SMA (50)
730.69
Bearish
SMA (200)
680.94
Bearish

As of

Analyst Rating

Based on 13 analysts
SELL62%

3 of 13 analysts rate Buy, 2 Hold, 8 Sell.

As of

BUY
3
23%
HOLD
2
15%
SELL
8
62%

Growth Rate

From the financial statements below. 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
5Y+18.25%
3Y+7.65%
1Y+6.54%
TTM+15.22%

Net profit

Net profit growth by window
5Y+18.01%
3Y−4.30%
1Y−19.20%
TTM−18.54%

Operating cash flow

Operating cash flow growth by window
5Y−6.96%
3Y+24.62%
1Y+11.02%
TTM—

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

Operating margin· change in pp

Operating margin growth by window
5Y−0.72 pp
3Y−3.11 pp
1Y−2.58 pp
TTM−2.04 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2019₹2,942 Cr
Mar 2020₹2,852 Cr
Mar 2021₹2,381 Cr
Mar 2022₹3,530 Cr
Mar 2023₹4,414 Cr
Mar 2024₹5,117 Cr
Mar 2025₹5,168 Cr
Mar 2026₹5,506 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2019₹353 Cr
Mar 2020₹252 Cr
Mar 2021₹239 Cr
Mar 2022₹437 Cr
Mar 2023₹624 Cr
Mar 2024₹679 Cr
Mar 2025₹677 Cr
Mar 2026₹547 Cr

Analyst Forecasts

Forecast For
Dec 26 consensus · EBITDA
₹289 Cr −8.5% vs Sep 26
Reported High Mean Low

AI Analysis — Bull vs Bear

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

Tata Technologies Ltd trades at ₹647.1 as of 2026-10-30 with a market cap of ₹26,275.61 crore, commanding a P/E of 47.16x and P/B of 6.86x. The company carries a low debt-to-equity ratio of 0.24 and maintains an ROE of 13.93%, while TTM profit has declined 5% even as TTM sales grew 15%.

Bull Case 8
  • Very low leverage with a debt-to-equity ratio of just 0.24, indicating a clean balance sheet with minimal financial risk
  • Healthy dividend payout of 72.3% with a current dividend yield of 1.78%, offering meaningful cash returns to shareholders
  • Strong 5-year compounded sales growth of 18%, reflecting sustained top-line momentum over a longer horizon
  • 5-year compounded profit growth of 21%, demonstrating the ability to scale earnings over a multi-year period
  • TTM revenue growth of 15% signals that top-line expansion continues at a healthy pace even in the trailing period
  • 3-year average ROE of 19% and 5-year average ROE of 20% indicate a track record of generating strong returns on shareholder equity
  • ROCE of 15.47% suggests reasonable efficiency in deploying total capital across the business
  • Stock is trading 27.4% below its 52-week high of ₹891, which some investors may view as a more accessible entry zone compared to recent peaks
Bear Case 7
  • P/E of 47.16x is elevated relative to broader IT sector averages, pricing in significant future growth that must materialise to justify the multiple
  • TTM profit has declined 5%, showing earnings contraction even as revenue continues to grow, raising concerns about margin compression
  • 3-year compounded profit growth stands at -1%, indicating that medium-term earnings have essentially stagnated
  • Last year ROE dropped to 16% from a 3-year average of 19%, signalling a deteriorating trend in return efficiency
  • 1-year stock CAGR of -2% reflects negative price returns, suggesting the market has been repricing the stock lower
  • Despite 15% TTM sales growth, the inability to convert top-line expansion into profit growth points to potential cost pressures or mix deterioration
  • Current price of ₹647.1 sits only 27.5% above the 52-week low of ₹507.4, indicating the stock has spent considerable time under pressure during the past year

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

AI News Digest

9h ago

TL;DR: Tata Technologies is delivering strong top-line momentum with Q2 FY27 revenue up 28.4% YoY and EBITDA up 31.5%, backed by large deal wins including a $138M European OEM programme and a $100M Tenneco partnership. The key risk is margin pressure and profit growth lagging revenue, with net profit declining 5.2% and missing estimates by a wide margin. The stock has recovered 30% from its March 2026 lows but remains well below its August 52-week high. If the company can convert its strong deal pipeline into margin expansion over the coming quarters, the earnings trajectory should improve meaningfully.

Headwinds 5
  • Q2 net profit misses estimate Oct 14

    Net profit declined 5.2% YoY to ₹171.4 crore versus ₹180.8 crore last year, missing the ₹200 crore estimate from brokerages.

  • EBIT margin contracts YoY Oct 14

    EBIT margin slipped to 14.1% from 14.4% a year ago despite revenue growth, and net income margin stood at 10.1%.

  • Elevated voluntary attrition Oct 14

    Trailing twelve-month voluntary attrition stood at 15.6% with a workforce of 12,895 employees, posing talent retention risk amid rapid growth.

Positives 8
  • Q2 revenue surges 28% YoY Oct 14

    Operating revenue rose 28.4% YoY to ₹1,698.8 crore from ₹1,323.3 crore, beating the ₹1,664.6 crore consensus estimate.

  • EBITDA grows 31.5%, margin expands Oct 14

    EBITDA grew 31.5% YoY to ₹273.3 crore with margin expanding 40 bps to 16.1% from 15.7% a year ago.

  • $138M luxury European OEM deal Oct 14

    Secured a $138 million full-vehicle programme with a leading luxury European automotive OEM covering product development and manufacturing engineering across two vehicle platforms.

Neutral 1
  • Investor meet in Mumbai Oct 22 Oct 19

    Tata Technologies will conduct a non-deal roadshow and analyst meeting in Mumbai on October 22, 2026, scheduled from 9:30 am to 7:00 pm.

Quarterly Results

₹ Cr
TATATECH quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
1,258
1,269
1,289
1,301
1,269
1,296
1,317
1,286
1,244
1,323
1,366
1,572
1,665
1,699
Expenses
1,007
1,055
1,053
1,061
1,038
1,061
1,083
1,052
1,044
1,116
1,173
1,320
1,397
1,426
Operating Profit
250
214
237
240
231
236
234
233
200
208
193
252
267
273
OPM %
20%
17%
18%
18%
18%
18%
18%
18%
16%
16%
14%
16%
16%
16%
Other Income
31
30
31
24
23
16
28
61
68
54
−125
94
46
43
Interest
5
5
5
4
5
5
6
5
5
5
9
16
15
20
Depreciation
24
26
27
29
30
30
30
31
31
31
36
47
47
54
PBT
253
213
235
231
220
217
226
258
233
226
23
283
252
242
Tax %
24%
25%
28%
32%
26%
28%
25%
27%
27%
27%
71%
28%
28%
29%
Net Profit
192
160
170
157
162
157
169
189
170
166
7
204
181
171
EPS (₹)
4.72
3.95
4.2
3.88
3.99
3.88
4.16
4.66
4.2
4.08
0.16
5.03
4.45
—

Sep 2026: from the results filed on 14 Oct 2026, ahead of the full statement, so some rows are blank.

Profit & Loss

₹ Cr
TATATECH profit and loss, annual, ₹ crore
Particulars Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
2,942
2,852
2,381
3,530
4,414
5,117
5,168
5,506
5,926
Expenses
2,437
2,382
1,995
2,884
3,593
4,176
4,234
4,653
5,006
Operating Profit
505
470
386
646
821
941
934
853
920
OPM %
17%
16%
16%
18%
19%
18%
18%
15%
16%
Other Income
36
36
39
49
88
116
128
91
69
Interest
1
16
18
22
18
19
20
34
45
Depreciation
69
99
92
86
95
106
121
145
160
PBT
471
392
315
587
796
932
921
765
784
Tax %
25%
36%
24%
26%
22%
27%
27%
29%
—
Net Profit
353
252
239
437
624
679
677
547
557
EPS (₹)
—
—
—
—
15.38
16.75
16.69
13.46
13.72
Div. Payout %
18%
66%
0%
0%
0%
60%
70%
87%
—

Balance Sheet

₹ Cr
TATATECH balance sheet, annual, ₹ crore
Particulars Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
42
42
42
42
81
81
81
81
Reserves
1,715
1,811
2,100
2,238
2,908
3,140
3,498
3,842
Borrowings
0
258
266
261
255
257
237
938
Other Liabilities
512
462
1,164
1,676
1,957
2,100
2,848
3,999
Total Liabilities
2,269
2,573
3,573
4,218
5,201
5,578
6,664
8,860
Fixed Assets
819
1,119
1,090
1,068
1,095
1,151
1,130
2,055
CWIP
25
0
0
0
3
0
0
15
Investments
39
36
497
528
30
150
616
823
Other Assets
1,386
1,417
1,986
2,622
4,074
4,277
4,918
5,966
Total Assets
2,269
2,573
3,573
4,218
5,201
5,578
6,664
8,860

Cash Flow

₹ Cr
TATATECH cash flow, annual, ₹ crore
Particulars Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
369
267
1,113
−39
401
294
699
776
Investing
−19
−3
−664
70
−440
400
−65
−776
Financing
−221
−261
−44
−44
−347
−557
−486
16
Net Cash Flow
129
4
405
−13
−385
137
148
15
Free Cash Flow
320
214
1,099
−102
336
204
669
743
CFO/OP
108
85
317
14
78
63
108
112

Ratios

TATATECH financial ratios, annual
Particulars Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
71
93
91
79
91
82
71
79
Inventory Days
0
0
0
0
0
0
0
0
Days Payable
312
—
—
—
—
—
—
—
Cash Conversion Cycle
−241
93
91
79
91
82
71
79
Working Capital Days
55
61
−12
−12
66
56
34
33
ROCE %
—
22%
15%
25%
28%
28%
26%
21%

Insights

Beta

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

Log in to view Tata Technologies insights

69 extracted metrics across FY19–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 55.17%
  • Public 24.72%
  • Others 7.98%
  • FIIs 6.59%
  • DIIs 5.54%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Documents

Frequently Asked Questions about Tata Technologies

What does Tata Technologies Ltd do?
Incorporated in 1994, Tata Technologies Limited is a global engineering services company offering Product Development and Digital Solutions.
Where is Tata Technologies Ltd (TATATECH) listed?
Tata Technologies Ltd trades as TATATECH on the NSE and under code 544028 on the BSE.
Which sector does Tata Technologies Ltd belong to?
Tata Technologies Ltd is classified under the Information Technology sector, in the IT Enabled Services industry.
What is the PE ratio of Tata Technologies Ltd?
Tata Technologies Ltd trades at a PE ratio of 47.55 as of 4 Nov 2026, on earnings per share of ₹13.72, against a book value of ₹94.39 per share.
What is the 52-week high and low of Tata Technologies Ltd?
Over the last 52 weeks Tata Technologies Ltd has traded between ₹507.4 and ₹891 as of 4 Nov 2026.
Does Tata Technologies Ltd pay dividends?
Tata Technologies Ltd has a dividend yield of 1.81%.
What is the Return on Equity (ROE) of Tata Technologies Ltd?
Tata Technologies Ltd reported a return on equity of 16.30%. Its debt-to-equity ratio is 0.24.

Company Information

Incorporated in 1994, Tata Technologies Limited is a global engineering services company offering Product Development and Digital Solutions.

Website tatatechnologies.com/in
Listed 30 Nov 2023
Face Value ₹2

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