Tata Elxsi

₹7102 -48.7 | 0.7%

WEBSITE BSE:500408 NSE : TATA ELXSI 10 May, 16:01

Market Cap ₹44229 Cr.

Stock P/E 54.9

P/B 17.7

Current Price ₹7102

Book Value ₹ 402.3

Face Value 10

52W High ₹9191.1

Dividend Yield 0.99%

52W Low ₹ 6720.1

Edit Ratio

Tata Elxsi Research see more...

Overview Inc. Year: 1989Industry: IT - Software

Tata Elxsi Limited is a issuer of design and technology offerings agency. The Company operates in two segments: system integration & help and software program improvement & services. Its system integration & guide segment is engaged in enforcing and integrating complete structures and solutions for computing, computer-aided design (CAD)/ computer-aided manufacturing (CAM) / computer-aided engineering (CAE)/ product lifecycle control (PLM), broadcast, digital fact, storage, and disaster recuperation and professional services for renovation and assist of infrastructure technology in India and distant places. Its software development and services section are engaged in technology consulting, new product design, improvement, and testing services; client insights and method, visual design and branding, product and packaging design, consumer experience design, provider experience design and transportation layout and high-end content material and three dimensional (3-d) animation offerings.

Tata Elxsi Share Price

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Peer Comparison

Tata Elxsi Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Sep 2023	Dec 2023	Mar 2024
Net Sales	595	635	682	726	763	818	838	882	914	906
Other Income	7	8	18	10	19	19	26	31	35	36
Total Income	603	644	700	736	782	837	864	913	949	942
Total Expenditure	416	426	460	488	537	571	588	618	644	647
Operating Profit	186	217	239	248	245	266	275	295	305	295
Interest	2	3	3	3	4	4	4	6	6	5
Depreciation	13	14	16	17	22	21	21	25	25	28
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	171	200	220	228	219	240	250	264	274	262
Provision for Tax	46	49	60	43	45	45	49	64	68	65
Profit After Tax	125	151	160	185	174	195	202	200	206	197
Adjustments	0	0	0	0	-0	0	0	0	0	0
Profit After Adjustments	125	151	160	185	174	195	202	200	206	197
Adjusted Earnings Per Share	20.1	24.2	25.7	29.7	28	31.3	32.4	32.1	33.1	31.6

Tata Elxsi Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	605	772	849	1075	1237	1386	1597	1610	1826	2471	3145	3540
Other Income	6	40	10	12	18	45	43	65	40	45	76	128
Total Income	611	812	860	1087	1256	1431	1640	1675	1866	2515	3221	3668
Total Expenditure	535	660	679	827	964	1041	1181	1272	1303	1704	2185	2497
Operating Profit	76	153	181	260	292	390	460	403	563	811	1036	1170
Interest	5	3	1	1	1	1	1	7	7	10	17	21
Depreciation	24	35	25	23	27	25	25	43	44	55	81	99
Exceptional Income / Expenses	-16	0	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	32	115	156	236	264	364	433	352	512	745	938	1050
Provision for Tax	11	40	53	82	89	124	143	96	144	196	182	246
Profit After Tax	21	75	103	155	175	240	290	256	368	550	755	805
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	21	75	103	155	175	240	290	256	368	550	755	805
Adjusted Earnings Per Share	3.4	12.1	16.5	24.9	28.1	38.5	46.6	41.1	59.1	88.3	121.3	129.2

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	27%	25%	18%	18%
Operating Profit CAGR	28%	37%	22%	30%
PAT CAGR	37%	43%	26%	43%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-0%	25%	52%	40%
ROE Average	41%	36%	34%	34%
ROCE Average	52%	49%	47%	49%

Tata Elxsi Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	192	235	283	386	558	738	943	1090	1352	1601	2086
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	0	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	9	83	95	147	23	15	6	73	90	149	186
Total Current Liabilities	155	156	211	266	132	188	188	217	264	410	479
Total Liabilities	356	473	590	798	712	941	1137	1380	1707	2160	2751
Fixed Assets	99	97	98	107	108	94	101	147	170	272	334
Other Non-Current Assets	76	124	123	168	38	41	28	32	146	193	104
Total Current Assets	181	252	368	524	567	805	1008	1201	1391	1696	2313
Total Assets	356	473	590	798	712	941	1137	1380	1707	2160	2751

Tata Elxsi Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	21	18	47	130	71	191	83	54	228	100	151
Cash Flow from Operating Activities	37	126	143	121	144	197	215	256	437	483	487
Cash Flow from Investing Activities	-31	-20	-27	-29	38	-247	-159	39	-438	-108	-202
Cash Flow from Financing Activities	-11	-79	-32	-41	-52	-60	-83	-124	-126	-326	-303
Net Cash Inflow / Outflow	-5	28	85	51	129	-110	-26	171	-127	49	-18
Closing Cash & Cash Equivalent	18	47	130	179	191	83	54	228	100	151	134

Tata Elxsi Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	3.37	12.06	16.52	24.86	28.07	38.54	46.56	41.12	59.11	88.26	121.26
CEPS(Rs)	7.18	17.68	20.49	28.49	32.39	42.62	50.59	48.09	66.24	97.15	134.33
DPS(Rs)	5	9	11	14	16	11	13.5	16.5	48	42.5	60.6
Book NAV/Share(Rs)	30.81	37.71	45.5	61.93	89.55	118.56	151.38	175.03	217.12	257.06	334.92
Core EBITDA Margin(%)	11.52	14.57	20.12	23.04	22.11	24.9	26.05	20.99	28.67	31.03	30.53
EBIT Margin(%)	6	15.22	18.44	22.04	21.42	26.31	27.2	22.32	28.42	30.6	30.36
Pre Tax Margin(%)	5.25	14.89	18.36	21.98	21.36	26.25	27.14	21.89	28.03	30.17	29.81
PAT Margin (%)	3.47	9.73	12.11	14.4	14.13	17.32	18.16	15.91	20.16	22.25	24.01
Cash Profit Margin (%)	7.39	14.26	15.03	16.5	16.3	19.14	19.73	18.6	22.59	24.49	26.6
ROA(%)	6.12	18.11	19.36	22.31	23.15	29.04	27.91	20.34	23.85	28.43	30.76
ROE(%)	11.02	35.21	39.72	46.28	37.06	37.04	34.5	25.2	30.15	37.23	40.97
ROCE(%)	15.32	48.45	60.46	70.84	56.19	56.28	51.68	35.35	42.5	51.2	51.8
Receivable days	77.94	68.62	66.53	62.68	67.85	72.6	75.79	84.9	88.12	85.84	95.71
Inventory Days	0.1	0	0.12	0	0	0	0.38	0.38	0.18	0.05	0.06
Payable days	1155.14	513.4	972	990.05	958.01	868.56	1371.84	1476.93	1371.22	2028.54	1612.82
PER(x)	28.36	22.57	35.05	37.82	26.07	25.56	20.69	15.31	45.57	100.16	49.16
Price/Book(x)	3.1	7.22	12.73	15.18	8.17	8.31	6.36	3.6	12.4	34.39	17.8
Dividend Yield(%)	2.62	1.65	0.95	0.74	1.09	1.12	1.4	2.62	1.78	0.48	1.02
EV/Net Sales(x)	1.05	2.13	4.09	5.28	3.48	4.14	3.43	2.02	8.71	21.89	11.43
EV/Core EBITDA(x)	8.34	10.79	19.15	21.86	14.74	14.72	11.93	8.09	28.25	66.67	34.68
Net Sales Growth(%)	17.54	27.69	10.01	26.58	15.08	12.04	15.19	0.81	13.44	35.3	27.28
EBIT Growth(%)	-31.72	223.91	33.27	51.29	11.83	37.62	19.12	-17.31	44.44	45.68	26.3
PAT Growth(%)	-38.17	257.83	37	50.45	12.9	37.33	20.8	-11.68	43.74	49.32	37.39
EPS Growth(%)	-38.17	257.83	37	50.45	12.9	37.33	20.8	-11.68	43.74	49.32	37.39
Debt/Equity(x)	0.31	0	0	0	0	0	0	0	0	0	0
Current Ratio(x)	1.17	1.62	1.74	1.97	4.3	4.29	5.36	5.53	5.26	4.13	4.83
Quick Ratio(x)	1.17	1.62	1.74	1.97	4.3	4.29	5.35	5.52	5.26	4.13	4.83
Interest Cover(x)	8.02	46.06	236.3	374.55	349.21	456.45	418.73	52.72	73.58	72.19	55.23
Total Debt/Mcap(x)	0.1	0	0	0	0	0	0	0	0	0	0

Tata Elxsi Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	44.32	44.08	43.92	43.92	43.92	43.92	43.92	43.92	43.92	43.92
FII	11.93	13.15	15.17	15.37	13.89	13.85	14.22	13.81	15.02	14.56
DII	5.55	4.94	4.21	3.9	3.43	3.55	4.08	4.81	5.72	6.06
Public	38.21	37.83	36.71	36.81	38.76	38.68	37.78	37.47	35.35	35.47
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	2.76	2.74	2.73	2.73	2.73	2.73	2.73	2.73	2.73	2.73
FII	0.74	0.82	0.94	0.96	0.87	0.86	0.89	0.86	0.94	0.91
DII	0.35	0.31	0.26	0.24	0.21	0.22	0.25	0.3	0.36	0.38
Public	2.38	2.36	2.29	2.29	2.41	2.41	2.35	2.33	2.2	2.21
Others	0	0	0	0	0	0	0	0	0	0
Total	6.23	6.23	6.23	6.23	6.23	6.23	6.23	6.23	6.23	6.23

Pros

Company has delivered good profit growth of 25% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 36%
Debtor days have improved from 2028.54 to 1612.82days.
Company is almost debt free.

Cons

Promoter holding is low: 43.92%.
Stock is trading at 17.7 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.