Tata Technologies

₹1009.8 -5.8 | 0.6%

WEBSITE BSE:544028 NSE : TATATECH 10 May, 16:01

Market Cap ₹40964 Cr.

Stock P/E 59.2

P/B 12.7

Current Price ₹1009.8

Book Value ₹ 79.4

Face Value 2

52W High ₹1400

Dividend Yield 1%

52W Low ₹ 1006.2

Edit Ratio

Tata Technologies Research see more...

Overview Inc. Year: 1994Industry: IT - Software

Tata Technologies Ltd is a global engineering and product development company, renowned for providing innovative solutions to industries such as automotive, aerospace, and industrial machinery. A subsidiary of the Tata Group, it offers a comprehensive suite of services, including product design, engineering, and IT services. Leveraging cutting-edge technology, Tata Technologies assists clients in optimizing their product development processes, enhancing efficiency, and fostering innovation. With a presence in key markets worldwide, the company is committed to delivering high-quality solutions that address the evolving needs of diverse industries, making it a trusted partner for businesses seeking to thrive in the rapidly changing landscape of technology and engineering.

Tata Technologies Share Price

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Peer Comparison

Tata Technologies Quarterly Results

#(Fig in Cr.)	Dec 2022	Mar 2023	Dec 2023	Mar 2024
Net Sales	1124	1402	1289	1301
Other Income	18	47	31	24
Total Income	1142	1450	1320	1325
Total Expenditure	918	1160	1053	1061
Operating Profit	224	290	267	264
Interest	5	5	5	4
Depreciation	24	25	27	29
Exceptional Income / Expenses	0	0	0	0
Profit Before Tax	194	260	235	231
Provision for Tax	46	44	65	74
Profit After Tax	148	217	170	157
Adjustments	0	0	0	0
Profit After Adjustments	148	217	170	157
Adjusted Earnings Per Share	3.7	5.3	4.2	3.9

Tata Technologies 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	1995	2344	2594	2683	2802	2691	2942	2852	2381	3530	4414	5116
Other Income	50	50	50	28	36	88	44	45	52	56	102	120
Total Income	2045	2395	2644	2712	2838	2780	2986	2897	2433	3586	4516	5237
Total Expenditure	1612	2001	2154	2184	2311	2359	2439	2382	2002	2891	3607	4192
Operating Profit	433	393	490	528	527	421	547	515	431	694	909	1045
Interest	8	8	9	6	4	5	1	16	18	22	18	19
Depreciation	33	48	51	59	63	71	69	99	92	86	95	105
Exceptional Income / Expenses	0	0	0	0	-6	-8	-6	-9	-5	0	0	0
Profit Before Tax	392	338	430	464	452	337	471	392	315	587	796	920
Provision for Tax	92	64	96	80	99	91	118	140	76	150	172	229
Profit After Tax	301	273	334	384	353	246	353	252	239	437	624	692
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	301	273	334	384	353	246	353	252	239	437	624	692
Adjusted Earnings Per Share	7	6.4	7.8	8.9	8.4	5.8	8.4	6	5.7	10.5	15.4	17.1

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	25%	16%	10%	8%
Operating Profit CAGR	31%	21%	17%	8%
PAT CAGR	43%	35%	20%	8%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	NA%	NA%	NA%	NA%
ROE Average	24%	18%	18%	23%
ROCE Average	31%	25%	25%	26%

Tata Technologies 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	953	1181	1065	1402	1421	1550	1757	1853	2142	2280	2989
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	145	200	154	80	0	0	0	0	0	0	0
Other Non-Current Liabilities	8	7	11	1	-2	29	10	236	205	185	87
Total Current Liabilities	646	822	1048	790	679	611	471	453	1182	1696	1973
Total Liabilities	1751	2209	2278	2273	2098	2190	2238	2541	3530	4161	5049
Fixed Assets	514	776	760	811	763	853	819	1119	1090	1068	1095
Other Non-Current Assets	77	79	120	105	75	100	119	72	52	112	157
Total Current Assets	1160	1353	1398	1357	1261	1238	1300	1349	2388	2980	3797
Total Assets	1751	2209	2278	2273	2098	2190	2238	2541	3530	4161	5049

Tata Technologies 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	300	298	465	320	447	202	244	373	376	781	768
Cash Flow from Operating Activities	354	364	299	234	198	270	369	267	1113	-39	401
Cash Flow from Investing Activities	-206	-233	-166	246	-36	111	-22	-8	-674	74	-487
Cash Flow from Financing Activities	-146	-59	-238	-370	-331	-374	-221	-261	-44	-44	-347
Net Cash Inflow / Outflow	2	73	-106	111	-169	8	126	-1	395	-9	-433
Closing Cash & Cash Equivalent	306	73	485	447	202	244	373	376	781	768	383

Tata Technologies 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)	6.99	6.35	7.77	8.92	8.38	5.84	8.38	6.02	5.72	10.45	15.38
CEPS(Rs)	7.76	7.47	8.96	10.28	9.88	7.54	10.01	8.39	7.93	12.5	17.71
DPS(Rs)	5	6	15	7	8	6	1	8	0	0	2.46
Book NAV/Share(Rs)	22.15	27.44	24.76	32.59	33.74	36.82	41.73	44.31	51.24	54.54	73.65
Core EBITDA Margin(%)	19.18	14.63	16.96	18.62	17.53	12.36	17.09	16.49	15.91	18.09	18.28
EBIT Margin(%)	20.05	14.73	16.91	17.51	16.29	12.68	16.05	14.29	13.98	17.25	18.44
Pre Tax Margin(%)	19.67	14.4	16.57	17.27	16.14	12.5	16.01	13.74	13.24	16.63	18.04
PAT Margin (%)	15.07	11.65	12.88	14.29	12.6	9.13	11.98	8.82	10.05	12.38	14.14
Cash Profit Margin (%)	16.73	13.71	14.85	16.48	14.84	11.79	14.32	12.3	13.92	14.81	16.28
ROA(%)	18.51	13.8	14.89	16.86	16.15	11.46	15.92	10.53	7.88	11.36	13.55
ROE(%)	34.69	25.61	29.75	31.09	25.01	16.55	21.33	13.94	11.97	19.76	23.69
ROCE(%)	33.75	24.3	29.07	29.12	26.56	20.96	27.99	22.58	16.67	27.53	30.9
Receivable days	55.41	48.47	47.16	55.03	63.29	76.69	73.24	76.83	93.58	70.52	77.5
Inventory Days	0.01	0	0.11	0	0	0.09	0.08	0	0	0	0
Payable days	279.77	308.59	308.43	324.22	335.93	325.92	323.74	266.84	251.82	148.51	265.92
PER(x)	0	0	0	0	0	0	0	0	0	0	0
Price/Book(x)	0	0	0	0	0	0	0	0	0	0	0
Dividend Yield(%)	0	0	0	0	0	0	0	0	0	0	0
EV/Net Sales(x)	0.02	-0.01	-0.03	-0.05	-0.02	-0.05	-0.12	-0.12	-0.31	-0.23	-0.21
EV/Core EBITDA(x)	0.08	-0.03	-0.16	-0.27	-0.09	-0.35	-0.62	-0.67	-1.72	-1.19	-1.01
Net Sales Growth(%)	21.45	17.52	10.65	3.44	4.42	-3.94	9.32	-3.06	-16.52	48.24	25.06
EBIT Growth(%)	43.36	-13.7	27.09	7.06	-2.82	-25.25	38.39	-13.69	-18.32	82.84	33.74
PAT Growth(%)	44.32	-9.15	22.27	14.81	-7.97	-30.36	43.44	-28.66	-4.92	82.7	42.81
EPS Growth(%)	44.16	-9.15	22.27	14.81	-5.96	-30.36	43.44	-28.16	-4.92	82.7	47.19
Debt/Equity(x)	0.31	0.35	0.34	0.28	0.15	0.04	0	0	0	0	0
Current Ratio(x)	1.8	1.65	1.33	1.72	1.86	2.03	2.76	2.98	2.02	1.76	1.92
Quick Ratio(x)	1.8	1.65	1.33	1.72	1.86	2.02	2.76	2.98	2.02	1.76	1.92
Interest Cover(x)	52.5	45.07	48.8	75.76	105.91	72.6	366.07	26.08	18.85	27.8	45.28
Total Debt/Mcap(x)	0	0	0	0	0	0	0	0	0	0	0

Tata Technologies Shareholding Pattern

#	Dec 2023	Mar 2024
Promoter	55.39	55.39
FII	2.02	1.09
DII	2.5	1.51
Public	40.08	42.01
Others	0	0
Total	100	100

#	Dec 2023	Mar 2024
Promoter	22.47	22.47
FII	0.82	0.44
DII	1.02	0.61
Public	16.26	17.04
Others	0	0
Total	40.57	40.57

Pros

Company is almost debt free.

Cons

Debtor days have increased from 148.51 to 265.92days.
Stock is trading at 12.7 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.