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Tata Elxsi Limited
(TATAELXSI)
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Rating:70Outperform
Price Target:
₹3,409.00
▼(-3.68% Downside)
Action:Upgraded
Date:08/06/26
The score is primarily driven by strong financial quality (low leverage and solid cash-flow conversion), but is held back by slowing growth and recent margin compression. Technicals are mixed with weaker longer-term trend signals, and valuation remains relatively high versus the current growth trajectory, despite a moderate dividend yield.
Positive Factors
Conservative balance sheet
Very low leverage provides Tata Elxsi with financial flexibility through changing demand conditions and reduces the burden of interest and refinancing obligations. A growing equity base further supports resilience and leaves more capacity to fund investments or return capital.
Negative Factors
Sharp revenue-growth deceleration
The sustained reduction in revenue growth signals weaker operating momentum than in earlier periods and may make it harder to compound earnings at the historical pace. Slower expansion can also limit operating leverage and reduce the resources available for broad capability investment.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Very low leverage provides Tata Elxsi with financial flexibility through changing demand conditions and reduces the burden of interest and refinancing obligations. A growing equity base further supports resilience and leaves more capacity to fund investments or return capital.
Read all positive factors
Tata Elxsi Limited (TATAELXSI) vs. iShares MSCI India ETF (INDA)
Market Cap
₹193.09B
Dividend Yield2.43%
Average Volume (3M)16.09K
Price to Earnings (P/E)29.5
Beta (1Y)1.19
Revenue Growth5.19%
EPS Growth-12.17%
CountryIN
Employees11,984
SectorGeneral
Sector StrengthN/A
IndustryInformation Technology Services
Share Statistics
EPS (TTM)105.08
Shares Outstanding62,305,733
10 Day Avg. Volume21,036
30 Day Avg. Volume16,094
Financial Highlights & Ratios
PEG Ratio-1.98
Price to Book (P/B)8.14
Price to Sales (P/S)6.59
P/FCF Ratio31.87
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹3,400.00Price Target Upside-3.94% Downside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)120.65
Revenue Forecast (FY)₹41.93B
Tata Elxsi Limited Business Overview & Revenue Model
Company Description
Established in 1989 and headquartered in Bengaluru, India, Tata Elxsi Limited is a global technology and design services company. It delivers comprehensive solutions spanning product design and engineering, systems integration, and ongoing support...
How the Company Makes Money
Tata Elxsi primarily makes money by providing outsourced engineering and digital technology services to enterprise clients, charging for project work and ongoing services engagements. Its revenue model is largely services-led and typically monetiz...
Tata Elxsi Limited Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
88
Very Positive
Cash Flow
84
Very Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 38.86B | 37.57B | 37.29B | 35.52B | 31.45B | 24.71B |
| Gross Profit | 12.83B | 14.50B | 15.60B | 15.47B | 13.98B | 11.30B |
| EBITDA | 8.77B | 8.69B | 11.52B | 11.68B | 10.35B | 8.10B |
| Net Income | 6.55B | 6.28B | 7.85B | 7.92B | 7.55B | 5.50B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 39.63B | 35.86B | 31.87B | 27.64B | 21.69B |
| Cash, Cash Equivalents and Short-Term Investments | 16.49B | 16.69B | 15.89B | 13.80B | 11.81B | 9.56B |
| Total Debt | 0.00 | 1.62B | 1.92B | 2.24B | 1.82B | 1.39B |
| Total Liabilities | -30.41B | 9.21B | 7.26B | 6.81B | 6.78B | 5.68B |
| Stockholders Equity | 30.41B | 30.41B | 28.61B | 25.06B | 20.86B | 16.01B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 7.77B | 7.96B | 6.18B | 4.23B | 4.12B |
| Operating Cash Flow | 0.00 | 7.88B | 8.12B | 7.01B | 4.87B | 4.83B |
| Investing Cash Flow | 0.00 | -1.98B | -3.08B | -2.70B | -2.02B | -1.08B |
| Financing Cash Flow | 0.00 | -5.33B | -4.99B | -4.28B | -3.03B | -3.26B |
Tata Elxsi Limited Technical Analysis
Negative
3539.40
Price Trends
3519.96
Negative
3727.35
Negative
4214.87
Negative
Market Momentum
-128.58
Positive
21.24
Positive
19.95
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:TATAELXSI, the sentiment is Negative. The current price of 3539.4 is above the 20-day moving average (MA) of 3275.86, above the 50-day MA of 3519.96, and below the 200-day MA of 4214.87, indicating a bearish trend. The MACD of -128.58 indicates Positive momentum. The RSI at 21.24 is Positive, neither overbought nor oversold. The STOCH value of 19.95 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:TATAELXSI.
Tata Elxsi Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹65.05B | 20.59 | ― | 1.31% | 7.88% | -1.77% | |
73 Outperform | ₹46.36B | 34.77 | ― | 0.40% | 1.83% | -12.91% | |
70 Outperform | ₹193.09B | 29.55 | ― | 2.43% | 5.19% | -12.17% | |
69 Neutral | ₹17.09B | 15.93 | ― | 1.96% | 1.66% | -37.05% | |
62 Neutral | ₹85.87B | 23.68 | ― | 0.65% | 22.59% | -0.57% | |
56 Neutral | ₹20.56B | 50.03 | ― | ― | 15.71% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:TATAELXSI
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Tata Elxsi Limited Corporate Events
Tata Elxsi to Join J.P. Morgan India Conference for Investor Meetings
Sep 17, 2026
Tata Elxsi Limited, a design and technology services provider in engineering RD and digital solutions across sectors such as automotive, communications and healthcare, is listed on BSE and NSE and regularly engages with institutional investors thr...
Tata Elxsi and SCTIMST Form Strategic MedTech Partnership to Drive Healthcare Innovation
Jul 27, 2026
Sree Chitra Tirunal Institute for Medical Sciences and Technology (SCTIMST), an Institution of National Importance under India’s Department of Science and Technology, has signed an MoU with Tata Elxsi to jointly develop next-generation healt...
Tata Elxsi Shares Q1 FY27 Results Call Recording With Markets
Jul 14, 2026
Tata Elxsi Limited has notified the stock exchanges that it has released the audio recording of its conference call discussing the audited financial results for the quarter ended June 30, 2026. The recording link has been shared with the exchanges...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.