Financials Tata Elxsi Limited NSE India S.E.

Equities

TATAELXSI

INE670A01012

Software

Delayed NSE India S.E. 02:38:24 2024-05-02 am EDT 5-day change 1st Jan Change
7,119 INR +0.95% Intraday chart for Tata Elxsi Limited -3.74% -18.67%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 59,942 39,192 167,613 550,539 370,999 438,909 - -
Enterprise Value (EV) 1 54,783 33,133 159,749 542,272 359,084 470,915 423,522 419,997
P/E ratio 20.7 x 15.3 x 45.6 x 100 x 49.2 x 61.2 x 50.3 x 41.4 x
Yield 1.4% 2.62% 0.89% 0.48% 1.02% 0.9% 1.09% 1.17%
Capitalization / Revenue 3.75 x 2.43 x 9.18 x 22.3 x 11.8 x 13.6 x 11.2 x 9.4 x
EV / Revenue 3.43 x 2.06 x 8.75 x 21.9 x 11.4 x 13.3 x 10.8 x 8.99 x
EV / EBITDA 13.2 x 9.66 x 30.6 x 70.8 x 37.4 x 45 x 36.5 x 30.2 x
EV / FCF 29.9 x 14.2 x 40.1 x 132 x 84.9 x 76.2 x 54.9 x 52.4 x
FCF Yield 3.35% 7.04% 2.49% 0.76% 1.18% 1.31% 1.82% 1.91%
Price to Book 6.36 x 3.6 x - - 17.8 x 19.3 x 15.4 x 12.4 x
Nbr of stocks (in thousands) 62,228 62,230 62,231 62,276 62,233 62,276 - -
Reference price 2 963.2 629.8 2,693 8,840 5,962 7,048 7,048 7,048
Announcement Date 4/24/19 4/20/20 4/22/21 4/20/22 5/18/23 4/23/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 15,969 16,099 18,262 24,708 31,447 35,521 39,201 46,700
EBITDA 1 4,150 3,430 5,224 7,657 9,613 10,464 11,603 13,907
EBIT 1 3,899 2,996 4,780 7,104 8,799 9,470 10,381 12,577
Operating Margin 24.42% 18.61% 26.18% 28.75% 27.98% 26.66% 26.48% 26.93%
Earnings before Tax (EBT) 1 4,334 3,524 5,119 7,455 9,375 10,487 11,392 13,994
Net income 1 2,900 2,561 3,681 5,497 7,552 7,922 8,730 10,589
Net margin 18.16% 15.91% 20.16% 22.25% 24.01% 22.3% 22.27% 22.67%
EPS 2 46.56 41.12 59.11 88.26 121.3 127.2 140.2 170.1
Free Cash Flow 1 1,834 2,334 3,985 4,118 4,228 6,182 7,710 8,021
FCF margin 11.49% 14.5% 21.82% 16.67% 13.44% 17.4% 19.67% 17.18%
FCF Conversion (EBITDA) 44.2% 68.03% 76.29% 53.79% 43.98% 59.08% 66.45% 57.68%
FCF Conversion (Net income) 63.26% 91.12% 108.26% 74.93% 55.98% 78.03% 88.32% 75.75%
Dividend per Share 2 13.50 16.50 24.00 42.50 60.60 70.00 76.50 82.61
Announcement Date 4/24/19 4/20/20 4/22/21 4/20/22 5/18/23 4/23/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 4,771 5,184 5,583 5,953 6,354 6,817 7,259 7,632 8,177 8,379 8,503 8,868 9,222 9,328 -
EBITDA 1 - - 1,500 - - 2,212 2,382 2,265 2,469 2,497 2,515 2,596 2,783 2,767 -
EBIT 1 1,326 1,567 - 1,701 1,968 2,054 2,211 2,048 2,254 2,286 2,301 2,423 2,530 2,520 -
Operating Margin 27.78% 30.24% - 28.58% 30.97% 30.12% 30.45% 26.83% 27.57% 27.29% 27.06% 27.33% 27.44% 27.02% -
Earnings before Tax (EBT) - 1,617 1,539 1,710 2,003 2,203 2,280 - 2,401 2,502 - 2,553 2,779 2,736 -
Net income 1 1,052 1,152 1,134 1,253 1,510 1,600 1,847 1,743 1,947 2,015 1,889 1,902 2,086 2,085 -
Net margin 22.05% 22.22% 20.31% 21.05% 23.76% 23.47% 25.45% 22.84% 23.81% 24.05% 22.21% 21.45% 22.62% 22.35% -
EPS 2 - 18.49 18.21 20.13 24.24 25.69 29.66 27.98 31.26 32.36 30.32 31.24 33.75 33.43 32.17
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 1/12/21 4/22/21 7/15/21 10/22/21 1/18/22 4/20/22 7/14/22 10/14/22 1/25/23 5/18/23 7/17/23 - - - -
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 5,158 6,060 7,864 8,267 11,916 13,571 15,387 18,912
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 1,834 2,334 3,985 4,118 4,228 6,182 7,710 8,021
ROE (net income / shareholders' equity) 34.5% 25.2% 30.1% 37.2% 41% 34.5% 31.8% 32.3%
ROA (Net income/ Total Assets) - - - 28.3% 30.6% 26.6% 25.5% 26.6%
Assets 1 - - - 19,429 24,663 29,752 34,267 39,748
Book Value Per Share 2 151.0 175.0 - - 335.0 402.0 458.0 568.0
Cash Flow per Share - - - - - - - -
Capex 1 315 231 388 712 641 830 855 1,021
Capex / Sales 1.97% 1.44% 2.13% 2.88% 2.04% 2.34% 2.18% 2.19%
Announcement Date 4/24/19 4/20/20 4/22/21 4/20/22 5/18/23 4/23/24 - -
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
10
Last Close Price
7,048 INR
Average target price
6,787 INR
Spread / Average Target
-3.70%
Consensus